I continually read misleading interpretations about the alleged second contracts at Rangers. Rangers may, and almost certainly did, insist at the First Tier Tribunal that the letters in question were not contracts. This point is important to the tax authorities but completely irrelevant to the football authorities.
The SPL specifically:
“Impose a prohibition on players receiving payments for playing football or participating in an activity connected with football except where such payments are made in accordance with a form of contract approved by the SPL and require that all such contracts are submitted to the SPL within 14 days of being entered into”.
The SFA require:
“All payments, whether made by the club or otherwise, which are to be made to a player solely relating to his playing activities must be fully recorded within the relevant written agreement with the player prior to submission to this Association and/or the recognised football body of which his club is in membership.”
So, for clarity, side arrangements do not have to be part of a contract before they become subject to SFA and SPL regulations, but “payments… connected with football” or payments received by a player “solely relating to his playing activities must be fully recorded”, otherwise the player has been improperly registered and his team would be awarded a 3-0 defeat for each game he played.
The Sun’s landmark story on this issue claim’s one Rangers player was due £1200 appearance money per game, clearly “connected with football”.
In point 14 of his statement today, concerning Rangers being stripped of their disputed titles, Dave King said, “I am absolutely confident (now that I have a good sense of the true position) that this will not happen”.
The “true position” will be established by SPL inquiry. If they have all letters issued to players of the kind produced by The Sun, or given as evidence to the First Tier Tribunal, Rangers have no case to answer, but we have to wonder, if this is the case, why the inquiry?
I note the swift and robust defence issued by Sir David Murray against allegations levelled by former college Dave King. I also note the swift and robust defence issued by Sir David Murray against allegations levelled by former college Hugh Adam of side-contracts being issued to players.
Wait a minute, Sir David hasn’t uttered a word about Hugh Adam’s allegations!
I would like to be the first to congratulate St Johnstone on winning the League Cup in season 1999-2000.
Issue six of CQN Magazine, the Fit and Proper edition, is set to become a landmark collectors item. You can browse the magazine online here but you can buy your own hard copy by clicking on the link below. Read with 20-20 vision…..
You can support the online edition by making a discretionary donation here.
292 Comments- Pages:
- «
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- »
voguepunter,
The fiduciary duty of Company directors is that they must act in the best interests of the company, act in accordance with the law at all times, avoid any conflict of interests and generally carry out all duties in an honest and proper manner.
quonno on 7 March, 2012 at 15:48 said:
A wee slightly perverse thought.
Celtic need Rangers.
Parkhead sectarian bigots need Ibrox sectarian bigots to feed from.
No Rangers. No Ibrox sectarian bigots. Parkhead sectarian bigots die of starvation.
No Rangers = Scotland’s Shame eradicated.
As I said just a perverse wee thought
——-
Do you know this potentially reads of whataboutery?
We dont need Celtic fans to do this. We have many enemies who are only too willing to stick the knife in.
Be careful how you express yourself!
HH
What happened to my bolding of every first letter?
No sausage maker, no bolding….I won’t even bother with italics. And we think the huns are on their last legs.
Hail hail
Estadio
I don’t care if Monday’s blue
Tuesday’s gray and Wednesday too
Thursday I don’t care about you
It’s Friday, I’m in love
Monday you can fall apart
Tuesday, Wednesday break my heart
Oh, Thursday doesn’t even start
It’s Friday I’m in love
Saturday, wait
And Sunday always comes too late
But Friday, never hesitate…
I don’t care if Mondays black
Tuesday, Wednesday – heart attack
Thursday, never looking back
It’s Friday, I’m in love
Monday, you can hold your head
Tuesday, Wednesday stay in bed
Or Thursday – watch the walls instead
It’s Friday, I’m in love
Saturday, wait
And Sunday always comes too late
But Friday, never hesitate…
Dressed up to the eyes
It’s a wonderful surprise
To see your shoes and your spirits rise
Throwing out your frown
And just smiling at the sound
And as sleek as a sheik
Spinning round and round
Always take a big bite
It’s such a gorgeous sight
To see you eat in the middle of the night
You can never get enough
Enough of this stuff
It’s Friday, I’m in love
I don’t care if Monday’s blue
Tuesday’s gray and Wednesday too
Thursday I don’t care about you
It’s Friday, I’m in love
Monday you can fall apart
Tuesday, Wednesday break my heart
Thursday doesn’t even start
It’s Friday I’m in love
voguepunter
Don’t bother. It will melt your head. I had to study fiduciary duties prior to Christmas and it’s complicated business. Technically it relates to a duty of trust between director and company and there are seven fiduciary duties outlined in the Companys Act 2006.
Mort
Mayo & voguepunter
Conduct by a fiduciary may be deemed constructive fraud when it is based on acts, omissions or concealments considered fraudulent and that gives one an advantage against the other because such conduct—though not actually fraudulent, dishonest or deceitful—demands redress for reasons of public policy.
http://en.wikipedia.org/wiki/Fiduciary#Breaches_of_duty_and_remedies
From RTC poster HAIL HAIL
LOL!!
BBC Scotland’s senior football reporter Chris McLaughlin
BREAKING NEWS
“Rangers players told no decision on their futures till Friday. More to follow…”
quonno on 7 March, 2012 at 16:11 said:
“Wasn’t Capt’n Bob fondly or otherwise, known as the Bouncing Czech”
Yes.
Otherwise.
share
what next??
Grant Russell @STVGrant Reply Retweet Favorite · Open
Rangers’ administrators are “accelerating the sale” of the club, talks in next few days. t.co/r44yQsow
how can they possibly sell a club in admin? especially while shooter still has his shares?
slap on 7 March, 2012 at 16:13 said:
BBCchrismclaug: #Rangers players told no decision on their futures till Friday.
Which Friday?
Oooooooooooft!
Gerry S
“St Mirren hope to purchase our new training ground at Edminson drive govan as soon as we get change of this £20 note ”
—————————————————————————————-
Eh, not quite. More like we hope to buy an asbestos ridden fixer upper at auction.
HH
BBCchrismclaug: #Rangers players told no decision on their futures till Friday.
This is the new version of the ‘rolling 48 hours’ we had to endure last year..and the year before. Jeezo!
Duff & Phelps are about to make a statement.
Wonder how much it will look like St Mirren’s statement?
fiduciary duty
Definition
A legal obligation of one party to act in the best interest of another. The obligated party is typically a fiduciary, that is, someone entrusted with the care of money or property. Also called fiduciary obligation.
??
slap on 7 March, 2012 at 16:13 said:
Said it yesterday.
Time for inquiry into administrators.
Fiduciary
That’s a word from Mary Poppins (bless my soul). I’m sure there’s a song near the end when the bankers sing about ‘fiduciary (duty)’ :-)
One of the two Administrators will be in London tomorrow so there looks as though there will be action tonight.
Still looks like to me that game plan is to try and hold the business together,reach some sort of CVA then sell.
My questions are around HMRCs appetite to either get it’s ( our ) money back or make an example of them.To encourage the others. The other issue is about who holds the title to the stadium.
It is certainly shaping up to be an almighty argument about them parachuting back into the SPL, albeit with penalties,but there is going to be a major effort to facilitate that route.
We need to be on the case of football officialdom who probably don’t quite get the power of organised bloggers.
We are watching you.
Blazers,backroom fixes and bluenoses are out of fashion!
Admins
“We are announcing today we are accelerating the sale of Rangers Football Club. The club is in a perilous financial situation and that should not be under-estimated. Regrettably, we have been unable to agree cost-cutting measures with the playing staff on terms that will preserve value in the business. We understand the players’ position as the scale of wage cuts required to achieve these savings without job losses were very substantial indeed…
Duff & Phelps
“We are announcing today we are accelerating the sale of Rangers Football Club. The club is in a perilous financial situation and that should not be under-estimated. Regrettably, we have been unable to agree cost-cutting measures with the playing staff on terms that will preserve value in the business. We understand the players’ position as the scale of wage cuts required to achieve these savings without job losses were very substantial indeed…
Gordon_J backing Neil Lennon on 7 March, 2012 at 16:14 said:
Gordon ,are you trying to make me look stupid ?
Google was a bit long winded ,yours is better.
obonfanti1888 on 7 March, 2012 at 16:16 said:
“how can they possibly sell a club in admin? especially while shooter still has his shares?”
Now that it is out in the open, maybe The Huddleboard Consortium have upped the offer in the hope of clinching the deal.
So laurel and hardy administrators still havent made a decision as to possible redundancies or indeed any relevant cost cutting plan
Its a good job theyre legally obligated to look after the creditors position, a cynic may well think theyre working to someone elses agenda.
jimtim
the english are only interested in programes/storys
about scotland like the scheme
the taxpayers alliance are quite interested in rfc [ia]
tax situation , i dont think the english media would be interested
in any scottish club good or bad , the way forward is uefa {and im still waiting on a reply from them]
“In view of this, we are faced with a situation of making redundancies within the playing staff on such a scale that would materially erode the value of the playing squad. We are striving to strike a balance where cost-cutting measures can be implemented but do not destroy the fabric of the playing squad to the extent that it will inhibit the prospect of a sale…
merseycelt lmfao as the big house door slams shut on 7 March, 2012 at 16:14 said:
quonno on 7 March, 2012 at 15:48 said:
Guess my sarcasm wasn’t blunt enough.
BBCchrismclaug: #Rangers players told no decision on their futures till Friday.
Good at last something definite…so Friday it is then.
jjjeeeeeeeezzzzzzooooohhhhh!!!!
BOOM!
That D&P statement.
” no one should be in any doubt that in the absence of sufficient cost-cutting measures or receipt of substantial unplanned income, the Club will not be able to fulfil its fixtures throughout the remainder of the season.”
Liquidation imminent.
So …. who wants to buy a loss making business with debts of over £100M and more investigations going on into its activities than anyone can count?
Anyone??
Awe naw your rhyme disnae make sense,at least I could work
out Estadios.
Sir Paul
Kiddo.. Ah absolutely agree that your Interpretation , o’ the
misleading…Misleading Interpretations o ‘ the Player’s Alleged
Second Contract.(Ahhh..Deep Breath!)… is correct!
The Longer this Controversial Farrago.. goes oan..
The More Ah begin tae hiv the distinct Feelin.. that awe awe the Members of the Governin’ Fitba’ Authorities,in Scotland.. tae Wit.. The S.P.L And The S.F.A.. wid Eminently Qualify fur being the FOIST Names oan the List.of Invitees..tae The Mad Hatter’s Tea Party!
Wit a Bunch o’ Prize Nit Wits!
Noo when Ah think aboot.. wit is going oan over There..or right here…the mair Ah become convinced.. that ..
Alice didnae fa’ doon a Rabbit Hole.. at awe!.
Na.. she feel doon a Dunney…. in the Gallowgate..
and Woke up..
Right Smack Dab… in the Middle o’ a S.P.L Board INVESTIGATORY COMMITTEE MEETIN’!
Maks Sense Tae Me.
Kojo
Still Laughin’ like Hell.
Timabhouy
As long as i can keep it.
“As a result, we are expediting the sale process and over the next few days we will be holding discussions with prospective purchasers who have declared their interest. The Manager, Ally McCoist will play an integral part in these discussions. If, however, it becomes apparent that the sale process cannot be accelerated there will be no choice but to implement very severe cost cutting measures at the club.”
jimtim
I with you brother! But I dont think we should be going to English Broadsheets.
There is far too much of a cover up happening, I reckon we should just give it till Friday and if they are still here then get the U.N. to carry out a couple of air strikes (Ibrox and the SFA)and put this whole sorry mess to bed once and for all :) Maybe that sounds a bit far fetched but it’s about the only thing that hasn’t happened yet!
Duff & Phelps statement amended for brevity.
“The club cannot survive unless we sell it to someone in the next few days who gifts it lots of money. We are going to try to find such a nutter between now and Friday. If the club is not sold by then, we strongly recommend that Celtic fans get ready for the Craig Whyte Jelly & Ice Cream Party Conga Line to end all Craig Whyte Jelly & Ice Cream Party Conga Lines. Statement ends.”
“As a result, we are expediting the sale process and over the next few days we will be holding discussions with prospective purchasers who have declared their interest. The Manager, Ally McCoist will play an integral part in these discussions. If, however, it becomes apparent that the sale process cannot be accelerated there will be no choice but to implement very severe cost cutting measures at the club.”
Admins
LIQUIDATION
‘Accelerating the sale’ I think means…any buyers need to stump up pronto or it’s curtains.
I hope anyway.