Sevco owner, Charles Green, got himself a bit confused last night when talking about Celtic, saying, “Our main rivals, or our former main rivals, across the city, they have had three different companies in their lifespan. In fact if you look at their corporate structure now it’s more complicated than Rangers”.
For the record……..
Celtic were formed in 1888. The officeholders of the club accepted personal liability for all debts until the club became a limited company on 12 April 1897. On that day registration number SC003487 was given to The Celtic Football and Athletic Company Limited – a private limited company.
In 1994 Fergus McCann opened the club up to 10,000 supporters by making the club a public limited company, which then became known as Celtic PLC. It is the same company, with the same registration number, SC003487. On the same day the company became a PLC, Fergus, in his wisdom, registered a new company, with exactly the same name as the old company (The Celtic Football and Athletic Company Limited), in order to prevent another party registering the name, which retains an historical association with Celtic. The new company is wholly owned by Celtic PLC.
Celtic now have in the region of 29,000 shareholders. They, alongside every shareholder in our 125 year history, have made sure that every debt was settled. Go to Companies House web site, click ‘Find Company Information’, search ‘CelticPLC’, for 115 unbroken years of limited liability history.
Swept aside
Green’s problems, of course, are not that people don’t understand Celtic’s corporate structure, they are that last month he told a BBC TV camera that if Rangers were liquidated “the history, the tradition, everything that’s great about this club is swept aside”. Even he must suspect that he is not the best guy to lead his new club forward.
On the alleged illegal registration of players issue, Green was more contrite: “HMRC has still to reach a decision or announce their decision. I understand the SPL has put a panel together to look at this issue and we will contest it every inch of the way. The view of the club, the fans and indeed newcomers like myself is that those titles and those games were won fairly and belong to this (sic) club. We will fight it to the finish.”
At last we can agree. If Rangers won trophies fairly they must (and will) retain them. Speaking to Sky News in March Sir David Murray could not have been clearer that no Rangers players had dual contracts while his board was in charge. If this is the case, Rangers have no case to answer.
However, if the old Lumley-troubler’s memory of this issue has failed him, then matters will take a different course. If Sevco inherit Rangers SFA membership, they will be looking at many years of penalties to compensate for their decade or more of illegal player registration.
Prima Facie Evidence CSC.
The first issue of CQN Magazine for the new season will be with you soon. If you would like to advertise, drop me an email, celticquicknews@gmail.com.
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What did green say to cause so much anger?
Emanuel Roşu@Emishor
BREAKING | Digisport claims Dorin Goian has signed with Dan Petrescu’s Kuban Krasnodar and will join the team shortly
Another one ready to walk away, wish he would stay!!
Come on you boys in RED!!!!!
Freddiebhoy on 29 July, 2012 at 17:06 said:
See Sevco wearing 5 stars on their shorts and tracksuits but not on their football tops this shows us that Sevco themselves are aware of the legal standings concerning the Newco. Although not to be able to buy a full new kit maybe gives an indication of desperate money flow problems.
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I’m told they bought the tops in Sports Direct. They are £5 quid cheaper than JJB’s and when you have a squad of 15 that’s a saving of…. well, you do the math.
Once the players have paid their subs after the game Coisty is going to pop in to Sports Direct on the way home and get the socks – at least he was, but he’ll never get back in time now with this extra time. Have to wait until the morning….
Senegal 1-0.
The German strip rather better looking than the Australian strip
Ten Men Won The League on 29 July, 2012 at 17:09 said:
SevCo’s next game is against East Fife in the 1st round of the LC in ten days time
A 1945 ko. With their wage bill they will need a crowd in excess of 30,000
Now imagine if the game is shown live?
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For all the fun I am having perhaps we shouldn’t tune in – starve them of viewing figures I say!
On the other hand, I do love a good comedy on the old Telly V!!!
The rain rather welcome at Guards Parade
Senegal 1 up , and well worth it, they look the part.
Proud moment for Sevco
So if the SS win,will they be ‘giant-killers’?
Help ma boab…..this is a travesty wrapped inside a farce and coated with sewage…
….and the stench of fear driven corruption fills the air as it emanates like an evil miasma from sleekit Bawface…
…..a sickening circus of horrors.
Bloke
;)
Alba ….. Can they hold on for a victory……. bwaaaaaahaaaaaa!
£18k a week Elbows puts SevCo 2-1 up
Foul by Elbows holding onto #4 shirt before bundling it in!
Once a cheat always a cheat.
Bawface still looks beat he knows he knows
Think the buns will “park the tractor” noo?
The beggars cant even afford lettering on the back of the strips! Do they have enough towels for the after-match communal bath?
HH!!
Al!lys wee suit’s ruined hee hee hee
mickbhoy1888 on 29 July, 2012 at 17:11 said:
The German strip rather better looking than the Australian strip
as are the strip wearers!!
Did you see elbows pulling MacLaughlin back to get to the ball for the goal … As the radio said earlier, it would be “unthinkable” for them to lose this game …..LLOOLL……
Anybody recommend The Dark Knight Rises, junior wants me take him tonight?
Keep the Faith!
Hail Hail!
Plus ca change…………..
TBM
Sevco now find themselves in the same position with Goian as they are with Wallace but they will have to pay by a deadline that UEFA will soon set. Another 500k lost asset. Elbows mugs again.
HH
lennybhoy ive not saw it but my mate i was with last night highly recommended it
Do you think Fat Sally is deliberately getting soaked in the hope that he shrinks?
Charlie Green caught on camera laughing while looking at his phone
Obviously he’s just heard that Goian’s offski
2-1 Sevco, the giant killing is on.
According to the listings on Alba – its now the “Monster Buster Club” that’s on – coincidence ?
Greenlion2 on 29 July, 2012 at 17:18:
Cheers mate…
Keep the Faith!
Hail Hail!
Lennybhoy
My bhoy has seen it…he thought it was vg
timgreen on 29 July, 2012 at 17:09 said:
” because of SF bigotry against rankers ” …… !!!
Lennybhoy…Supporting Neil Lennon and CFC until I die on 29 July, 2012 at 17:16 said:
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My son seen it last week and says its the best one yet, also better than thor, iron man and the rest. Not heard a bad word from otheres either.
2hrs 40 mins?
HH
Great to see mc cullagh gettin the fuck kicked out of him…..YEE…HAAAAA…
Lennybhoy
I’m dying to see it! The other two were great and reports say this one is better so it should be good!
Lennybhoy, I’ve seen it and recommend it 100%. Great film, long though so have your toilet break before it begins. Hail hail!
Big number 4 at the back for Brechin looks good, I think we might have found our new centre back
Lennybhoy
went to see it at Edinburgh IMAX – I’m a Batman/Comics guy anyway, but the film is immense.
Helps if you’ve seen the first two although not essential.
Big, big film – I loved it.
U