SFO, IPO, hell will freeze before SFA act


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. jackie mac



    14:27 on 25 April, 2013



    I’ve just deleted the last ever cel ran game on me sky box but kept cel barc , tony watt tony watt tony tony watt






    Did the very same last Monday and then sat watched the demolition derby on my birthday last Friday, you could never tire of watching that game. :))



    Larsson oh he’s in HENRIK LARSSON!!!!







    /Bishop B

  2. danso_1888



    14:29 on 25 April, 2013


    hen1rik ,



    it’s already happening.



    It wouldn’t be happening mate if fans unite again like we did when notonewco came about.



    I don’t care what they bring to the economy in Scotland, they’re toxic and rules should be applied to all no matter how big.

  3. ernie lynch @ 12.55 and Folly Folly @ 13.24


    Two excellent posts which explain what we mean when we talk of The Establishment.




  4. .





    14:30 on


    25 April, 2013


    Summa do you accept my point that a lot of youngsters work Saturday jobs and have to be considered?






    Yea of Course l Do..



    Are the Working at a SKY Call Center..?

  5. Celtic_First @ 14:31: a few ‘numbers’ by James McMillan would be good, too …




  6. 14:45 on 25 April, 2013





    I get it regarding sky and the media in Scotland when they try to say its the same club, they need their support for money reasons but our governing body is their to apply rules to all.

  7. A Celtic choir in training?



    Might I suggest a section reserved for a choir made up of monks?



    Repertoire – traditional Celtic songs interspersed with the occasional Gregorian chant?



    Monks in their habits and wearing scarves and waving flags.




  8. South Of Tunis on

    Tallybhoy @ 14 00..



    Berlusconi goes to Dallas



    I was in a bar in Scicli when that piece of news popped up on the tele.[ illustrated with a mug shot of Silvio] . Cue much comment on the providence of Silvio’s ” hair “.



    The female barista opined that Silvio had obviously got his head stuck between the legs of one of his inflatable girlfriends .



    Cue a loud — Che schifo ma e vero—-from an old man [ reading the football pink ] at the counter.

  9. !!Bada Bing!! on

    Just seen Liverpool press conference live on LTV,no reason why we can’t do the same on the website or with our partnership with youtube.Great chance to out the hun hacks and their agenda.

  10. NatKnow - "We welcome the paper-chase..." on




    14:31 on 25 April, 2013







    I wish I was in the choir.



    Verdi would be a great choice.



    “Re-qui-em when the Sevco die,


    “Re-qui-em when the Sevco die…”



    ad infinitum…

  11. mearns 2 milton


    13:48 on


    25 April, 2013


    KevJungle – “Walk-On” in the Jungle = Bliss



    I had a ST for many. many years. I currently have a two year old another due next month. I pay for Sky Sports, should I not be able to watch my team on tv as I cannot make games as reguarly as I once could?







    I have sympathy for the situation you find yourself in especially as I’ve been where you are now.



    However, what about those of us who will need to make the long journey to Dingwall in a couple of weeks to make a 12pm KO purely because SKY have dictated such a ridiculous time?

  12. I see Craig Mather is in the Record today saying the monkeys don’t have any financial troubles. I wonder what his definition of financial trouble is if losing £1m a month doesn’t count?

  13. never ever len



    why is it as soon as that ball was kicked out you knew it was going to be goal ?




  14. This idea of the new ‘Celtic Choir’ at the opposite end of the stadium from the GB ain’t gonna end well.

  15. Bit of an off topic but something that may interest Dylan fans…


    I know there are a few on here.



    Moville (Co Donegal) is hosting its annual Dylanfest from Thurs 22nd – Sun 25th Aug this year. I’ve not been before but from speaking to people that have, and from reading reports it sounds like a good weekend if you appreciate his music.


    I’m trying to talk the Mrs into going but she’s flatly refusing…..for now.




  16. arranmore 14.57



    Sounds like just the type of deluded fool we want in charge there. Long may it continue.

  17. Mike in Toronto on

    Good afternoon lads



    I had forgotten about Dr. Kelly’s study. I recall reading the abstract at the time, but would love to read the whole paper if anyone has a copy/doesn’t mind sharing it.




  18. The Scottish FA is seeking further information from Rangers regarding allegations of Charles Green’s dealings with former owner Craig Whyte.



    The SFA wrote to Green, now the club’s former chief executive, a fortnight ago seeking clarification.



    Having received a response, they have asked for more details on certain matters.



    Whyte has alleged Green agreed to act as his frontman and believes he still has a claim to the club’s assets.



    Assurances from Green’s consortium last summer that Whyte had no involvement was key to the SFA granting Rangers a licence to play in the Third Division.



    Green stood down as chief executive on 19 April after the Ibrox board ordered an independent investigation into the allegations of his secret dealings with Whyte, who took the club into administration in February 2012.



    On Wednesday, Worthington, a firm buying into Whyte’s businesses, said it would be sending a file to the Serious Fraud Office about Green’s practices when the consortium he was fronting bought Rangers’ assets for £5.5m.



    Two weeks ago Whyte lost a court case with Ticketus, the company that funded his purchase of Rangers from Sir David Murray. He has been ordered to pay the finance firm £18m.

  19. I really hope the Choir will wear appropriate vestments….




    Mitres anyone?




  20. TinyTim



    13:55 on 25 April, 2013



    Danso 13.29



    Bang on.



    The other clubs ,including Celtic ,want some form of Rangers .



    Otherwise they would be forcing the issue.



    Celtic want a weaker , injured Rangers,but they still want them.



    All IMHO off course .






    I think you are of the mark with that post.I will be happy to see them die,And I’d say the majority of football fan will be of the same opinion.Who would welcome a thief into their home,Same sort of principal.

  21. Kayal 33



    I read your posting in which you include the ramblings of some Rangers Fan. In it I note that this person has suggested that if A happens then B then C that the validity of the two most recent SPL titles won by Celtic will come into question. After the LNS verdict I suggested on this blog that eventually this would be the campaign that would fully engage the MSM. Nobody took me up on my Tongue in cheek suggestion. Now I feel like a prophet.






    Re the Berlusconi/Laura Bush joke. Brilliant.







  22. South of Tunis



    Silvio Berlusconi = ‘vecchio porco!? I am almost certain that he has recently had some more cosmetic surgery done. Where his face used to be is now round by his shoulder blades.



    Bada Bing!!



    The Buckfast would be flowing! Quite sure they would get special dispensation.




  23. hen1rik ,



    our governing body are the club’s, it’s the club’s who are allowing this [including our own]


    i back this up by asking has any one club asked they sfa what they think they are doing


    by bending/breaking rules?

  24. So the corrupt SFA request more details from The Rangers regarding Whyte’s links, more delaying tactics again from those clowns.



    How long did they wait on detaiils from them regarding the LNS enquiry.

  25. Blindlemonchitlin on

    C 1st, from earlier.



    Don’t ken. Specialized field and far beyond my meagre scope to opine upon.



    Where’s Paulie Walnuts when you need him?



    A propos of not very much, the thought occurred to me just now that if ,as seems now to be received wisdom, Referees and Linesmen got away with a great deal more on field MIBBERY in the bad old days pre televised matches, how bad would things be now in taking the SFA to task for backsliiding and favouratism re the Huns if there were no internet bampottery?



    That was just one sentence. I need a cup of tea and a biscuit.




  26. Playlist furra Choir……..?



    Opening number



    ” Oro Se De Bheatha Bhaille”

  27. hen1rik ,



    in my opinion silence = complicit, they cannot be allowed to hide behind the ‘it was the bad sfa’ because they are the sfa, are all the club’s claiming to be powerless to stop the sfa?

  28. danso_1888



    15:05 on 25 April, 2013


    hen1rik ,



    our governing body are the club’s, it’s the club’s who are allowing this [including our own]


    i back this up by asking has any one club asked they sfa what they think they are doing


    by bending/breaking rules?



    I agree with you but the only way forward is for a representative from our support to start the ball rolling and email our club and ask them why they allow that lot to apply rules to our manager yet they don’t apply them to those cheats.

  29. !!Bada Bing!! on

    K33-Regan was pushed for an answer last week on when Green had to reply,he said there was no timescale……nuff said.

  30. Bankiebhoy1.



    I was talking to Kitalba Yesterday and he mentioned that he new Jonnybhoy,and I happened to say that he had another brother who posted on the blog which was you,( I hope I’m correct, re brothers) He said that you all went to school together,and he would know you also,he sends you his best wishes.


    I hope I’m correct re Jonnybhoy and you are bro’s.if I’m wrong just ignore this post.

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