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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From DEADclub media
Well done lads.
Tell you what though, if this is the shape of things to come, it’s going to be a f*****g exciting season ahead.
Edge of the seat stuff.
WAAAAAAAHHHHHHHAAAAHHHAAAAAWWWWAAAAHHHHAAA
To ALL Fans. I sincerely apologise for my bad language. It shall not happen again.
You’ll Never Walk Alone…!
if green and his followers were willing to accept that they have no history there would be no need to negotiate with anyone. sevco are a new business and club, end off. sevco can wear the oldco badge, strip and sing the same songs, but that means nothing to me. if i go watch an elvis or john lennon tributes, they will also sign the same songs and wear the same clothes etc… but they are not the said persons. its a good thing oldco fans are daft as fuck, their stupidity is breathtaking. oh how they make me laugh.
as an aside i dislike that david proven i dont care how good a player he was he talks wet
Spiers view on FPLG’s claims:
Friend or Foe?
Keep the Faith!
Hail Hail!
Ally still canny win a cup tie in 90mins needed a dodgy goal to win a pawn brokers cup tie
….PFayr on 29 July, 2012 at 17:19:
Palacio67 on 29 July, 2012 at 17:19:
GingerElvis on 29 July, 2012 at 17:21:
Cheers Bhoys, 19:00 showing at Showcase I think for me and Junior.
Patrick27 on 29 July, 2012 at 17:21:
Hope you see it soon mate…
Keep the Faith!
Hail Hail!
Watched the Sevco game in the Brazen Head. What a laugh, the banter great, just like many posts so far. There was something surreal about it but hey, I hope thats the way it is for them throughout their period in the cooler.
Seriously though, there must be plenty of discerning huns out there, watching that and saying..,’how the f*** did we ever get here?’
hh
Their expected route back is not so certain methinks…
Who is going to fund their climb?
Because they need more spend from what I saw…
U
http://www.scottishfootballleague.com/news/article/ramsdens-cup-second-round-draw-72/
http://www.youtube.com/watch?v=lFLw9AgChzw