An appropriate course of action when you are the chairman or a non-executive director of a PLC when a fellow director and, until last week, chief executive, has been reported to the Serious Fraud Office for matters in connection with the company, would be to immediately contact the accuser asking for full and immediate disclosure of information which could materially affect investors and the company’s trading position.
The “compelling evidence that Messrs Green and Ahmad received a letter before claim in December 2012, having received previous correspondence, and chose to ignore it” sounds like a signed-for receipt. If this was received before 22 December, the date of Rangers International FC PLC’s IPO, it is of critical importance that the board ask for sight of the evidence, irrespective of what Mr Green says about its existence.
This season’s Third Division has nine days to run and it would inconvenience many if these matters were brought to a head before then, but the duty of directors is clear; they cannot postpone attending to the interests of investors until after the football season.
Lawyers acting for RIFC PLC should politely request full disclosure from the other party, without delay.
Some in the SFA may be tempted to attempt another Grand Plan to prepare for and accommodate and almighty collapse at one club. Grand Plans don’t work in these circumstances; the last one led to the current Lawyers at Dawn scenario.
We await the SFA acting in relation to RIFC PLC’s claim that Sevco 5088 Ltd, a company Craig Whyte is a registered director of, is part of their group. This is in direct contradiction to an earlier representation made to the SFA, and breaks a condition of their membership of the Association.
Current SFA president, Campbell Ogilvie, is a former Rangers director. My prediction is that hell will freeze over before he allows the SFA to act on this matter. The SFA shall wilfully ignore its own rules.
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For those on CQN who like a flutter on the ponies and this is not a tip..
The Kentucky Derby is coming up and there is a horse named “Lines of Battle”
The Trainers name is Aiden O Brien and the jocky R. Moore and the colors are
“Green and White”, I think it may have recently won a race in Abu Dhabi.
Just thought I would let you know as the last time I noticed a horse in Green and White running in the Derby it not only won but also won the Preakness.
Feeling the Omens CSC
Che, think AT will hold fire until he has the whole story.
Remember never disturb the enemy while they’re making mistakes. A saying I’m sure AT knows very well.
HH
/Bishop B
GordonJ – Southampton agreed a fee for expediency, presumably because the SFA (and therefore FIFA) could not ratify the ownership issue in good time.
http://www.guardian.co.uk/football/2012/jul/21/rangers-southampton-steven-davis
Coventry agreed a sell-on clause for Fleck.
In light of recent revelations, as FourGreenFields pointed out, they may wish to review their paperwork, and their position.
home from hospital and straight to bed for a few days rest …
thanks for the good wishes bhoys/ghirls
Giant green plant threat….Neil Lennon attacks The SFA.
Ye couldnae make it up, but BBC Reporting Scotland just did, saying pretty much exactly that.
Someone’s ‘avin a lahrf dahn the beeb.
Utter dobbers.
Roy Croppie – left a message for you on FB re the Oscar bands and Sat
BT – welcome home! Make sure you do what you’re told by Mrs BT and Mini BT!
SonsOfErin,
If there was a fee then it was with the old club – the player refused the TUPE transfer therefore was never an employee of the new club.
blantyretim:18:40 on 25 April, 2013
>>>>
Awrra best to you BT.
Get well soon.
HH!
Blantyretim
Take care sir
Jimbo
BT
Welcome home mo cara
Did you remember to empty the mini bar in the golden jubilee?
I think Southampton put Davis money aside in an FA fund,to cover any comeback.
Len
Indeed, on top of that AT is probably considering what is easier to resolve the sevco debacle or the Middle East crisis.
BADA BING. 1511
VOGUEPUNTER has the details,I hope you can join us for a few….
Jackson has gone totally loopy. Firstly calls McCoist a “young manager” then says they will become a European-style passing team coming up through the divisions!
GordonJ – Fee was paid to one of the sevco twins.
BT
Hope you are feeling better and the pain has eased.
Weefra HH
Bmcuw
How did you convince HT to leave the Gallowgate?
He’ll be sweating like a sevco 5088 share holder.
What price did the Rangers shares float at ? 74p ? I notice the price was down to a new low today . The price must be below the + or – 20 % rule that most investors use. Sell ! Sell Sell !
miki67
Hope you are fighting the fight and looking to the future. Praying for you daily.
Weefra HH
BT
Easy on them crutches mi amigo >}
HH
SSN………………..Another world record for Sevco shares falling to 57p
Godolphin trainer banned for 8 years.
BMCUW:
Noticed you are about…
Crazy busy day so sorry for lack of response to your text mate.
I’m moving on the w/end of the 11th so, sadly, won’t be able to make the meet; huge apologies…
Listening to SSB and really enjoying how difficult it is to paint any kind of non-catastrophic gloss on the growing meltdown at Ipox. I love SSB when the huns crises reach a climax. How long can they stretch out the player of the year non-story…
All the best BT you’ll soon be doing the only dance I know, according to the Frau, up to the bar and back.
BMCUW-will do my best mate ta.HH
OLDTIM67. 1534
Sorry indeed that we will not have the pleasure of your acquaintance.
Even more so that it is not for a trivial reason.
Pneumonia,eh? Nae cannybebothered excuses for you!
Oldtim,many of us who thought we had the chance to meet you will be disappointed-all of us will be looking forward to our next chance to do so!
You look after yourself,and keep us posted,mate.
All the best,and a big HAIL HAIL
TET,
you got mail.
John O Neil
17:43 on
25 April, 2013
greendreamz, who are the 80% you are making reference to may I ask?
————————————————————————————————————————
Its all there…….just various hues of blue IMHO
http://en.wikipedia.org/wiki/Religion_in_Scotland
From @GlasgowsGreen&White
Lets call it by its Proper Name Its not a 5 WAY AGREEMENT Its a 5 WAY CARVE UP , SFA SPL SFL OLDCO NEWCO Turnball Hutton called it CORRUPT !
BT,
Missed why you ended up in hospital but glad to hear you’re out again. I hope your recovery is quick and complete.
HH
Gerry
Is it possible that as a result of the latest Sevco scandal that we will now witness the fans of Oldco in the media and on the street begin to accept that Oldco did indeed die and that what they were duped in to following was indeed not their ‘beloved’ rangers?
It is entirely plausible that they will now claim a break in the continuity of the club so that a new new club (that they will claim as rightful successor to Old Oldco) can emerge that gets a place in the SFL and is called Rangers.
They could then distance themselves from Whyte, Green and all the other con merchants who have destroyed them (although they will never be able to get rid of the stain of Dodgy Dave if they want any link with Old Oldco in their Newco Newco)
With me?
Complicated, mixed up, mental gymnastics. But it all results in a pale imitation of Old Oldco who will forever be paying for keeping any links at all with Oldco and Old Oldco.
I prefer my other scenario, which is proving more likely:
Newco will die. even the SFA will blush at the thought of letting another rangers shaped newco in and New Newco will have to apply for a place in the Juniors to replace spartans. In other words – FC RAngers of Govan doomed forever to pretend they have found true happiness in the realms of amateur fitba.
Good.
west wales celt
didyou hear todger hannah say” the sfa will only revoke sevco licence as a last resort due to the crisis in scottish football”after admitting there is evidence of breach of the ” 5way carve up(hen1rik)” fekn nearly parked ma van in the wrong side of ma fence…argggghhhh
Forced relocations at CP , anyone in the know?
davidmccallumcsc.
HH
bournesouprecipe
18:54 on 25 April, 2013
SSN………………..Another world record for Sevco shares falling to 57p
===================================
In a months time that’s gonna look like great money…..
Sell, sell, sell……………..
thanks
folks
minx1888 bed is best place for me away from the ghirls in this house..
on the oxycodone till the pain eases so looks like I’ll be bedridden all weekend.. o((
miki nothing to what you are going through buddy.. you keep the faith…
FourGreenFields
17:45 on
25 April, 2013
greendreamz
Platini is a Jim Goodwin , allegedly .
:-)))
………………………………………………………………………………………………………………………………….
FGF
Valid point :) Had to dig around but understand your perspective……maybe all is not lost though the wheels move (grind) slowly
tommysbhoy
19:04 on 25 April, 2013
I honestly give up with this lot in Scotland.