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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See that snotery nosed wee shit Suarez is captaining Uruguay , should be reason enough to back Senegal here.
Bouncy Bouncy = nice of them to remember oldcos cheques
Rule Brittania = Cant rule the waves without giving Her Majesty money for taxes and her Royal Navy
As someone said Stupid Sevcos
Some of the hun subs aren’t even old enough to have plooks.
Larrybhoy
After the Monster Buster Club on BBC Alba, we are due to get a programme called L.O.S.E. (League of Super Evil)
Johnny Smith
There are language rules here….not that I’m a prude ..however please adhere to the householders rules
67Heaven … I am Neil Lennon..!!.. Ibrox belongs to the creditors on 29 July, 2012 at 17:19 said: timgreen on 29 July, 2012 at 17:09 said:
” because of SF bigotry against rankers ” …… !!!
What has/have Sinn Féin done to upset Sevco????????
TBM
Why do this new club have such hostility towards the greatest manager in the history of Scottish football?
They have never even played against Celtic, so I can’t understand the attitude.
setting free the bears on 29 July, 2012 at 17:24 said:
Larrybhoy
After the Monster Buster Club on BBC Alba, we are due to get a programme called L.O.S.E. (League of Super Evil)
>>>>>>>>>>>
Someone’s at it, but I like their style :-)
Rangers: ‘Some decisions driven by bigotry’, says Charles Green
Charles Green has suggested that bigotry was among the motives for punishing the new Rangers for the misdemeanours of the old Ibrox club.
Rangers’ chief executive was speaking as his new club started life in the Ramsdens Cup against Brechin City.
He was critical of the decision to deny the club a place in the top flight.
“Some of it has been driven by bigotry, some of its been driven by jealousy and some of its been driven by all the wrong motives,” he said.
Rangers went into administration last season and Green’s Sevco consortium created a new company after failing to prevent the old one being liquidated.
Scottish Premier League clubs voted against accepting the new club into the top flight and the Scottish Football League clubs voted them into Division Three instead of the First Division.
The Scottish Football Association said Rangers would only be given membership if they accepted sanctions for unpaid football debts by the oldco.
Green’s consortium accepted those, but issues relating to media rights and an SPL investigation into how the old Rangers paid players in the previous decade held up the process to such an extent that only a conditional membership was given to allow them to face Brechin while more negotiations take place.
“My frustration’s been, after 30 years of business, I have never experienced anything like the last three months,” he said.
“Some of the business decisions that have been made really have been nonsensical from a business point of view.
“One of the meetings I went to, one of the reasons why SPL chairmen were under pressure to do something with Rangers was they wouldn’t buy season tickets until Rangers were thrown out of the league.”
Asked to expand on what he meant by bigotry, Green turned to pressure placed on SPL clubs by their own fans not to allow the new club into the top flight.
“We’ve got a position whereby Rangers were thrown out of the league and these clubs are still appealing with fans to buy season tickets,” he said.
“What’s happened with Rangers, as an outsider looking in, although I am now an insider, is absolutely incredible where it seems to me the whole of Scotland have wanted to kick this giant club while it was down.
“I think justice has been done. The club were fined 10 points, it received an £190,000 fine, it was then put out the SPL, it was then put down to the Third Division, it has had to pay all the Scottish club debts, which wouldn’t normally happen for a newco to be obliged to pay oldco’s debts.
“We’re also now paying European debts and there is still potential cloud hanging over the club from the SPL over EBT issues.
“I had meetings last week with some Uefa officials who say this is unprecedented in Europe.”
I see they’re not happy with John Greig, im sure that was them singing Big John Knew in light of revelations from SPL enquiry into dodgy deals by Agent Whyte !!!
Banned list in full flow from Orcs at Glebe Park no doubt nothing will be said or done.
Steinreignedsupreme
They seem to have anti catholic bias as well
Mc Coist standin out in the rain like a martyr. Ball freezed. Fuckin eejitt…!
so does anyone think that brech will have lost money because sevco had to start in the third division, 4000 punters have made their month. is it true that sevco are the gift that keeps on giving?
….PFayr on 29 July, 2012 at 17:27:
“They seem to have anti catholic bias as well”
Aye. I just don’t get it.
On the plus side it was good to see an Irish fella score their first ever goal.
Ht
Sevco Huns experience a different type of puberty.They developed a humph,gommey leg and a level of ugliness that borders on freak show.
Johnny Smyth – I’m not the blog police but it is generally accepted on here that language like that is against the house rules. This is generally followed with the words: ‘Children read this site’
Can’t say I disagree with your opinion though!!!
Green is an absolute liar!
He did not meet any officials from UEFA.
Phud!
Kayal
Green is right …their position is unprecented …any other team in their position would have their league registration revoked …and forced to start again and earn a proper league registration
I refuse to believe those running Newco are that stupid …they’re just being disingenuous
Late here………….Good-night & God Bless……………..
Regards & Hail Hail
TBM
theglasgowcelticway on 29 July, 2012 at 17:31 said:
Ht
Sevco Huns experience a different type of puberty.They developed a humph,gommey leg and a level of ugliness that borders on freak show.
—————–
Ah, thank you for clearing that up.
Jings ! Crivvens ! Help Ma Boab !
Paw Broon ,Daphne ,Hen ,Horace ,The Twins ,Soapy Soutar…and Pc.Murdoch..
Your Boys Took One Hell Of A Beating..!!
(The Hon Man,reporting exclusively fae Glebe Park…tae the Big Braw World.)
Well done the plucky underdogs of Sevco. They’ll get it tight in the next round but they hung on well there.
Ha ha hahahahahahahahahahahahahahahahahahahahahaha
What an embarrassment.
Johnny Smyth
Family site man. Watch the language.
LennyBhoy
http://twitter.com/gersnetonline/status/195469020152078336/photo/1
Ps the Bhoy wants tae go and see the picture AYE Right:)))))))
STAY WELL LENNYBHOY.
HAIL HAIL
new article posted.
Tannoy announcer,” tea,coffee and sandwiches are being served in the refreshment tent.”
Funny while it lasted. They are dire and are going to get worse. It’s going to take a lot more than league reconstruction to save this sorry lot.
Love seeing McCoist doing his “pretend to be a manager” act – furrowed brow, arms crossed, eyes darting left and right, as if he is studying the game…
Seen Ferguson do it, so he thinks he should too. What a loser.
Kayal33 on 29 July, 2012 at 17:26 said:
Asked to expand on what he meant by bigotry, Green turned to pressure placed on SPL clubs by their own fans not to allow the new club into the top flight.
“We’ve got a position whereby Rangers were thrown out of the league and these clubs are still appealing with fans to buy season tickets,” he said.
>>>>>>>>>
Think he needs to have a wee look at a dictionary – what a pillock !
ASonofDan,
looks like green is asking them to get involved then :o)
Ally mcphud master tactician
At least sevco wives won’t end up in casualty
P.S. Domestic violence is not a joke
Johny Smyth – disgusting language for a Celtic site – try follow follow.
Senegal 2-0 Uruguay
Good game
Lennybhoy
you will enjoy the dark knight rises more if you have seen the earlier parts of the trilogy especially Batman Begins which was the first part.
If possible go to the IMAX version. Definitely worth the extra money. It a long film 2.5 hours plus but flies in. Excellent entertainment.
PFayr::
Do you make the rules?
Green will need to be hauled up for this accusation make no mistake he is aiming at CFC here
“Some of it has been driven by bigotry, some of its been driven by jealousy and some of its been driven by all the wrong motives,” he said.
“One of the meetings I went to, one of the reasons why SPL chairmen were under pressure to do something with Rangers was they wouldn’t buy season tickets until Rangers were thrown out of the league.”
“We’ve got a position whereby Rangers were thrown out of the league and these clubs are still appealing with fans to buy season tickets,” he said.
New article bhoys