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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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1,068 Comments

  1. saltires en sevilla on

    HT

     

     

    Yes good thanks – still recovering from Sunday. Hope you and missus are well ..are you doing the Br Walfrid Dumfries trip?

     

     

    4greenfields- cheers, I hope so too

  2. Morning all from a sunny. …yes sunny. ..Cumbernauld.

     

     

    I am in town tomorrow afternoon but, if possible, would like to pop, yes pop along to the gathering if that would be ok.

     

     

    I am just not sure where or when it is..help please.

     

    Hx2

  3. MWD

     

     

    I have the sopranos from a work mate.. I’ll keep breaking bad in hold; as you know I don’t have much of an attention span.. o)

     

     

    mrs bt just told me dvd player broken, that is bad… o))

  4. Saltires, excellent stuff and unfortunately so accurate!

     

     

    I’ve got access to Newcastle’s ground and go down a couple of times a year with a mate for ‘selected’ games. The oveall experience is top notch. Apart from the fact you can give the club money having a reasonably priced beer from one of the many, many small bars dotted around underneath the stadium (very similar to Celtic Park), both before the game and at half time, these outlets also serve food and there are LOADS of wee shelves to put your food and drink on. Utterly simple, but so helpful when you’re trying to balance two or three items at once. And the bogs are, well …. not ‘bogs’. They’re toilets, very clean even at half time (I’m assumimng somehting is done during the first half regards cleaning and refilling the paper towels). Can’t make comment on the cubicles as I’ve avoided the Greyfriars Bobby situation so far.

     

     

    Maybe Celtic could send down a scouting party?

  5. all you ever hear regards them is either whyte , or green , getting them in a mess . when is Teflon dave going to get fingered here . its just my opinion but this guy is still very much in control and pulling the strings from behind the couch .

  6. Saltines en Sevilla @8.12am

     

    Excellent and well articulated post. I too grew up with the wee pie stall at the junction of the jungle and Celtic end and the unfinished toilet construction behind the Celtic end terracing. Life has moved on and improved for most people ( despite the current economic climate ) and their expectations are far ahead of what is now acceptable at Celtic Park.

     

    Personally I don’t care about catering on match days but if our club wishes to continue to prosper it needs to tackle this very real issue and communicate it’s ideas. I know that there are some plans afoot to develop the match day experience but it does require project management skills to sort out the very basics of providing decent drinks and refreshment within the stadium itself. They are a model of embarrassment.

  7. saltires en sevilla on

    Emeraldbee

     

     

    Hehehe – a man after my own heart

     

     

    It’s not that difficult

     

     

    HH

  8. saltires en sevilla on

    Garcia

     

     

    Aye Fond memories of The good old days

     

     

    As you say we need to keep progressing- my daughter 16 refuses to go back until its fixed -on the other hand my son 21 loves it all

     

     

    HH

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

    dontbrattbakkinanger

     

     

    08:40 on 26 April, 2013

     

    Whither the cash strapped scrofulous hillbillies the day?

     

    @@@@

     

    Longing for the good old days when they were just ‘cash strapped’!

  10. BT

     

     

    “all encompassing”?!? What are those tablets doing to you?!

     

     

    Not in 40 years have I heard you use terminology like that (never mind spell it correctly)!!

  11. So is the news about Ahmad what the huns were warned to brace themselves for, or is there something else?

  12. Saltires en Sevilla

     

    I was up in Glasgow for the Dundee United semi and met up with my older brother and , of course, fell into the inevitable routine of recalling earlier days ( he took me to the 7-1 game and we were comparing our memories of that great day ).

     

    One little tit bit from changing experiences. We both attended the European Cup Final at Hampden on a particularly wet night between Bayern Munich and St Etienne ( les verts ) . He overheard to lovely French lassies in the North Enclosure ask a policeman at half time where the facilities might be. ” Toilets? – there’s nane “.

     

    So Hampden has improved- but not a lot!

  13. Murdochbhoy, yermanfromMK on

    Gordon_J backing Neil Lennon

     

     

    Will ya geez peace, Sandy’s last excuse worked a charm and we’re jist running a few flegs up the pole to see which flies best.

  14. BT

     

     

    I take your, ever so eloquently put, point :-)

     

     

    The poor internet access within the stadium is a pain I agree but I worry that with thousands playing ‘Candy Crush’ or checking score updates for the English lower leagues that the atmosphere will get even worse.

  15. From twitter.

     

     

    Interesting point – The “IAmRangers” account rumoured to be Imran Ahmed was set up in October 2011!

  16. If you find yourself slowly descending into mineshafting get along to some away games ,these fans always seem to be supportive and have a great affection for the team . I love going to Celtic Park but some of the best days have been on the road

  17. saltires en sevilla

     

     

    Being TT I have an admittedly jaundiced view of alcohol.

     

    I am however acquainted with a couple of drinkers who are regulars at Murrayfield.

     

    They claim that, having paid up to £60. in admission charges, continuity of viewing can be nearly impossible due to folf traipsing in and out to bars.

     

    The first time you are in a high viewing point at Celtic Park take in the number of folk constantly on the move throughout the game.

     

     

    Instal bars and you could easily double, treble or even quadruple the number.

     

    Being a bit of a tightwad, I have never understood paying good money to arrive late, leave early, and wander about in between.

  18. Celtic Park is magic now.

     

    Mind u I preferred my days in the Jungle, in a sea of Fenian humanity .

     

     

    Also a sea of p..s if I’m honest.

     

     

    Great days indeed , all our yesterday’s .

     

     

    I thank God for Wee Fergus every day

  19. Tallybhoy @05:01 “Is the last train for Kilwinning not 1130 pm?”

     

     

    Yes. It is. But I think the plan is still to tell BMCUW that it’s 23:30.

     

     

    It’s always worth looking at the first train of the day.

     

     

    If a train departs after midnight it’s at the start of the timetable. Not the end.

     

    Last train to where I live from Charing X is 00:48 at the start of the timetable.Ttrying to convince someone who’s had 10 pints of Stella is decidedly beyond me. Answers like “Ah, naw , that wiz this mornin. See It’s Setirday, ‘n you’ve read that wrang.”

     

    “Ah know yiv lived there fur 20 years bit that disnae make any diffrince”

     

     

    Me -“Okay you go pay £45 for a taxi and I’ll race you.” That line often cuts through the mist.

  20. quanno problem solved stop serving 20 mins before KO close during the game as they do currently with the louges at Celtic Park Simples.Hail Hail Hebcelt louges=Lounges

  21. From Barcabhoy1

     

     

    Urban myth #1 fed by BFDJ and McCoist. Rangers lost 25 players. No, they lost 16 from the squad that ended the season.

     

     

    2. no we only had 5 players, No, 17 of the squad are from last season

  22. South Of Tunis on

    Basel 1 –Chelsea 2 .

     

     

    Another absolute roaster of a Ref.—–

     

     

    Gave an absolute What on earth for ? penalty to Basel.

     

     

    Gave Luiz a yellow for a disgusting You fouled me earlier and now I’m going to try and break your leg assault .

     

     

    Gave Chelsea a last minute free kick when 2 opposing players collided whilst going for the ball . The Basel keeper then made an ass of Luiz ‘s shot on goal—cue Chelsea winning.

     

     

    An Italian pundit opined —— ” Maybe UEFA are employing all these incompetents in order to make sure that we media guys have something to talk about ”

     

     

    Warm and grey —-way down south.

  23. borgo67

     

    09:49 on

     

    26 April, 2013

     

     

     

    I would agree to an extent. Going away from home has often been a more enjoyable experience than sitting amongst the greetin’ faced whingers at Parkhead.

     

     

    However, I’ve noticed an element of this disharmony even creeping into the travelling support, particularly this season. Don’t get me wrong the players in green and white aren’t met with the howls of derision which they may encounter from the LL stand for one misplaced pass. Nevertheless, it is something which I’ve rarely witnessed in my years on the road.

  24. From BhoyEddie.

     

     

    Surely a group of member clubs could force SFA to release the 5-way agreement – why won’t they act