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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. South Of Tunis on

    Germans ?

     

     

    The Bulgarian FA have fined Levski Sofia @ 22k Euros for this wee banner being displayed during a game on 20 4 13.

     

     

    ” Happy Birthday Adolf “

  2. Yep HamiltonTim, he said he always read CQN but doesn’t post and said he knew upu and OldTim67 and asked me to pass on his regards. OldTim does remember meeting him at an away Benefica game and later in Glasgow. He came across as a real nice genuine guy.

     

     

    and Yep to you too TET, I met Robert last October for the first time and watched the Calley game in his Pub last Sunday.

  3. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Hi,folks

     

     

    Anyone wishing to attend the shindig on Saturday,please check your mail-or junk folder!-for details.

     

     

    If you don’t have the details,my apologies for being a choob.

     

     

    Let me know at

     

     

    bmcuwp@gmail.com

     

     

    And I will try again!

     

     

    BTW,the original will be from an address with 1163 in it…..

  4. bankiebhoy1

     

     

     

    12:36 on 25 April, 2013

     

     

     

    …oh and……..

     

     

    “Impeach Grimmond McCrummoch”

     

    _________________________

     

    That will be a special day,

     

    Events seem to be even overtaking The Humpdump ludge

     

     

    Keep banging on their door bampots

     

     

    But before they go They will grant D King a fit and proper licence for “the good of the game” at sevco.

     

    I still dont think it will be enough to save them again

     

    PLEASE LET IT BE CSC

  5. Gene's a Bhoy's name on

    If sevco and SFA could trade in their brass necks for scrap value they would have no financial troubles

  6. Paul67

     

     

    On two ocassions – The FTT case(which is on appeal) I think and, the LNS case…I put to you that – to cut a long story short…this engaging battle is between Celtic FC and, the freemason handshake. I then asked you – who’ll win ?

     

     

    On both occasions you replied – “The good guys will win.”

     

     

    So, where are we now ?

     

    Hail Hail

  7. Surely everyone knows Peter Lawwel is the sfa?

     

    He gave NFL a three game ban last week to even up him kicking sevco out next week

  8. Would it be fair to say that co’s raison d’être is to look after the best interests of sevco and…. er, well that’s it. Oh and the cup draw. (Warm balls anyone?)

  9. There are known knowns. These are things we know that we know.

     

     

    There are known unknowns. That is to say, there are things that we know we don’t know.

     

     

    But there are also unknown unknowns. There are things we don’t know we don’t know

     

     

    There is still a lot to come out and the next couple of weeks will reveal more unknowns, both of the known & unknown variety – if ye get what I’m sayin’ ;-))

     

     

    Happy happy days indeed.

     

     

    hh

     

     

    bjmac

  10. cliftonville celt from belfast on

    Its looking like that 11 o’clock meeting hasn’t went well

     

     

    HEE HEE HEE HEE

     

     

    Hope there’s a bit of a lull I need to get some work done !!!!

  11. southside

     

    12:47 on

     

    25 April, 2013

     

     

    Well, I’m finding the whole demise of them (again) amusing but I’ve not quite got to the stage of warm balls.

  12. Hamiltontim

     

    12:29 on

     

    25 April, 2013

     

    Corkcelt

     

     

    You sure it was me mate??

     

     

    Lionroars67

     

     

    You up for Sat???

     

     

    Yes bud see you on Sat looking fwd to it

  13. Steinreignedsupreme on

    Craig Mather’s 2013 Diary

     

    (Previously Craig Whyte’s 2011 Diary and Charles Green’s 2012 Diary)

     

     

    Wednesday, 24 April 2013

     

     

    My first public statement today and I think it went very well. Having read the diary entries by Craig and Charles in the last two years, I opt for the tried and trusted routine.

     

     

    I start with the old ‘I’ll not pretend I’m a Rangers fan’ line to get the enablers onside. Add a few comments about magnificent fans and working hard to take the club forward.

     

     

    That should buy me a few weeks before I my next statement.

  14. the sfa to act on info received?

     

     

    ha ha ha

     

     

    they gave an sfa and club licence etc to a newco club from a club in liquidation

     

     

    the club in liquidation had failed to produce accounts

     

    the club in liquidation had failed to pay tax and NI

     

    the club in liquidation had failed to pay contractors

     

    the club in liquidation had failed to inform the sfa about ebt contracts

     

     

    the sfa then transfered the club in liquidation licence etc to a newco club

     

     

    the newco club had no audited accounts

     

    the newco club failed to inform the sfa that craig whyte was a director of newco

     

    the newco club are been investigated by the SFO

     

     

    whats the chance that when the audited accounts are due they are not complete?

     

    whats the chance that contractors are waiting on payment?

     

    whats the chance craig whyte still owns murray park and ibrox?

     

     

    the sfa are up to their neck in this scam imho

     

    they have bent and broken every rule to assist newco

     

    the sfa have ex club in liquidation directors in senior posistions

     

     

    nothing to see here timmy

     

    move along

     

     

    jam67

  15. Ten Men Won The League

     

    12:51 on

     

    25 April, 2013

     

    Celtic Football Club ‏@celticfc 12m

     

    . @nathan67_ We are looking at various ways to improve matchday entertainment and the facilities at Celtic Park, details soon #BeCeltic

  16. southside

     

     

    12:47 on 25 April, 2013

     

     

     

    In Marxist philosophy, the term Cultural Hegemony describes the domination of a Football Association by the huns, who manipulate the culture of the Association — the beliefs, explanations, perceptions, values, and mores — so that their hun Weltanschauung becomes the worldview that is imposed and accepted as the cultural norm; as the universally valid dominant ideology that justifies the social, political, and economic status quo as natural and inevitable, perpetual and beneficial for everyone, rather than as artificial social constructs that benefit only the huns.

  17. Paul67, ‘GG @ 12:36 and Kayal @ 12:38

     

     

    I, too, wonder just what it will take for the SFA to act on this seemingly endless farce.

     

     

    It’s clear that RCO will only go if forced.

     

     

    So: how does (or can) the SFA get shot of an admittedly conflicted and probably out-of-his-depth president and/or chief exec?

     

     

    Would it take an EGM? If so, how does such a meeting get called?

     

    Is there an existing SFA board or committee which has the power to initiate proceedings?

     

     

    Is it possible for an individual member club to start proceedings?

     

    Could the SFA (or a board or committee thereof) initiate an enquiry (of substance) to examine this whole, sorry mess?

     

     

    Would it be possible for member clubs to band together to invite UEFA to take an active role in ‘helping’ a member association to sort itself out … ?

     

     

    FF

  18. Bawsman

     

    12:37 on

     

    25 April, 2013

     

    Vmhan………I’ve played 7′s rugby v the Fiji national side………..Like tackling ebony trees which are moving at a great rate of knots.

     

    *********************

     

    I’ll pass that onto the twin, he’s a big lad in our money, but defo naw a tree trunk frame.

     

    ps I think our US Secretary is back in Blackpool.

     

     

    HH

  19. Scottish football will only be saved when – the fans grab the game by the horns and make the following demands.

     

     

    1. Live TV games to be restricted to Cup Finals and League deciders.

     

     

    2. All games with the exception of the live tv games to kick-off at 3pm on a Saturday.

     

     

    3. No more Cup Replays.

     

     

    4. Players wages to be capped.

     

     

    5. Admission prices to be slashed.

     

     

    6. Terracings to be brought back – look at Germany.

     

     

    7. Numbers on shorts again.

     

     

    8. Celtic play in Green n White or White n Green – NOT black. FFS

     

     

    That’ll dae for the noo :)))

     

     

    Hail Hail n God Bless

     

     

    Off oot.

  20. Till later all

     

    Am I obsessed with their pain

     

    YES I AM

     

    The more i see them suffer the better I feel ,

     

    52 yrs living in the West of Scotland listening to their supremacist ,watp s**** has made me that way.

     

    They are the only person place or thing on this planet that makes me feel that way.

     

    the sooner they are gone the better for humanity and the world starting with this country.

     

     

     

    Can’t stop laughing‏@corsica196826m

     

    @EdgarBlamm Oh yes, & appears lot of rich bears with dignity are doing walking away; “sickened & not interested” “Murray has killed club”

  21. jude2005 is Neil Lennon \o/ on

    Good Celtic man Tommy Henderson buried from St Josephs in Glenboig this morning and from a good Celtic family too. RIP Tommy.

  22. South Of Tunis on

    Gordon J @ 12 44 .

     

     

    The Italian FA charged Livorno more for a big banner expressing birthday wishes to an avuncular wee guy from Georgia called Iosif.

  23. swatson Neil Lennon's 6ft skinny twin! on

    I have been offered a ‘better’ seat for next year, I’ve to phone tkt office to find out my options! I’ve been in present seat since the Jock Stein stand was opened so don’t know if I want to move whither it’s a better seat or not. It’s a kinda MY seat mentality.

     

     

    Anybody know why the relocation?

  24. Bjmac

     

     

    You been on the varnish anaw????

     

     

    Lionroars67

     

     

    Jolly good I’ll see you there.

  25. I think a few Austrians a trying to gate-crash the German list.

     

    Mozart, Hitler and Wittenstein ………..

  26. Blindlemonchitlin on

    There is a noticeable change in the mood music being slipped out of the ‘Brox since the Malcolm Murray ‘coup’.

     

     

    http://www.dailyrecord.co.uk/sport/football/football-news/new-rangers-chief-executive-craig-1852378

     

     

    Jaw jaw not war war.

     

     

    This isn’t playing well with the hordes whereas Charlie’s ‘clap your hands if you hate the SFA’ brand of rabble rousing did.

     

     

    My political antennae are twitching and my fear is that there will be all sorts going on behind the scenes if that Record article is anyhting to go by.

     

     

    Newco and it’s new team in charge know fine well that they are bang to rights on the Sevco 5088 situation and that it is as clear a breach of their license conditions as you could ever hope to see.

     

     

    It’s an old saw in legal circles that if the facts are agin you, plead the law, if the law’s against youplead the facts and if both are agaisnt you, go and see the Grand High Wizard of the ludge and he’ll sort it.

     

     

    Dark deeds afoot, I think. Be ready for more of the ‘club and fans victim of one rogue trader” we’ve been punished enough’ malarkey.

     

     

    Hope the sharp suited one has his wits about him.

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