SFO, IPO, hell will freeze before SFA act

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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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  1. squire danaher on

    michael

     

     

    21:29 on 25 April, 2013

     

     

    Entirely sensible and logical but not to Celtic Ticket Services.

     

     

    They’d rather have the first 20 rows full of SB holders getting soaked and the top tier sitting empty.

     

     

    And think it as entirely logical.

     

     

    This is the outfit who scrubbed everybody’s ticket history after Seville because there were too many complaints.

     

     

    This is the shower who tell you – contrary to all known advice and common sense – that you must book travel and hotel before you can get an away ticket for champions league away games.

  2. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    fourgreenfields

     

     

    21:08 on 25 April, 2013

     

     

    Would suggest they are saying….don’t expect a reduction like that every season….LOL …

  3. i think he used to drink in caufield’s top of the rock he may still or sliabh dubh.

  4. Hi 3mick3, hows it going pal, hope you are looking after that fine looking wife of yours.

  5. Just a note to say, as a first 20 seat rower I’ve not often been soaked.

     

     

    Usually drenched ;-)

  6. lennon's passion on

    hamiltontim

     

     

    21:38 on 25 April, 2013

     

     

    You could go to supporters meetings. Ask questions to the board get answers to questionsk,make a diffrence. Or sit in your house making statements on a blog.

  7. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    squire danaher

     

     

    21:43 on 25 April, 2013

     

     

    “shower” …..?……..behave yourself……

  8. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    Chelsea are woeful tonight…

  9. Starry

     

     

    Awful tackle from Luiz, not the first time I’ve seen him go over the ball.

  10. 'crushed nuts?' 'Naw, Layringitis!' on

    squire danaher

     

     

    20:44 on 25 April, 2013

     

    &&&&&

     

    The board have identified the ‘early leavers’ (BOOOO!!!!). These habitual offenders will be relocated to row zzz in the upper tier.

  11. Hi corkcelt aye doin fine and the Mrs is blushing now. I see you we’re on holiday again hope you had a good time. Don’t post often but pretty p/$$d off with my seat getting moved.

     

     

    Doc cheers I will give them a call tomorrow and see what it all about. As I said there s a crowd of us who have all sat in the same area so need to make a few calls tomorrow.

     

     

    Mick

  12. The big guy at the back....of Neil Lennon on

    BT @19.09 – I recall hearing of that injury at the time you suffered it. It was big news in our footballing circles at that time. Sorry (but not surprised) to hear you’re still dealing with the effects of it. I had an op last March on a chronically arthritic knee, which resulted from a fractured patella sustained when I was 14!

     

     

    The good old days, as you say!

     

     

    G

  13. lennon’s passion

     

     

     

    21:48 on

     

     

    25 April, 2013

     

    hamiltontim

     

     

    You’re aware that this is a blog and most of what is posted are opinions???

  14. Starry

     

     

    Agreed…..and the guy that should have never been on the park wins it with the last kick of the ball!!!

  15. squire danaher on

    67heaven … i am neil lennon..!!.. ibrox belongs to the creditors

     

     

    21:48 on 25 April, 2013

     

     

    Sorry??

     

     

    Ticket services IN MY PERSONAL EXPERIENCE are a shower.

     

     

    I hope you have better experiences of them – or maybe you are pals with them

  16. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    Chelsea got out of jail there…..LOL

  17. Yep 3Mick3, I’m retired now nothing to tie me down, so if I spot a bargain anywhere where the weather is pleasant, I’m off at the drop of a hat. I’m actually off to Sorrento in June but this time its to attend a wedding.

  18. 'crushed nuts?' 'Naw, Layringitis!' on

    squire danaher

     

     

    20:44 on 25 April, 2013

     

    %%%

     

    The board plan to recoup the outlay on the £100 off by introducing an incentive scheme for the team. Any lacklustre performance will result in the miscreant having his wages docked and them being given hauf a loaf and their bus-fare.

     

    Did I tell you that myself and Nuts’ Jnr are getting STs?

  19. Paul67, if you do tell Eammon I said Hello.

     

    Squire Danaher, only going by my own experience, the TO have only been helpful, I haven’t been there when it is very busy though.

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