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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. Ntassoolla

     

    16:43 on 25 April, 2013

     

     

    Hamiltontim @16:41 proclaims “All trolls together……”

     

    Good on yeez.

     

     

    ———-

     

     

    Fanny.

  2. starry plough

     

     

     

    16:46 on 25 April, 2013

     

     

     

    The things we do for love, I chopped up my Dj table and made it into a nappy changing station for Baby Starry!!

     

    ——————-

     

    True love is not dead :))

  3. whitedoghunch on

    PJ

     

     

    I managed Mojo on Bath street in Glasgow which she opened with her partner Bobbi now passed after they sold it

     

    Bobbi played bass for my brother in law in a big 80’s Glasgow band

  4. Some of us have actually had to work this week. …What’s this about a gathering on Saturday?

  5. masty is neil lennon on

    cliftonville celt from belfast

     

    16:12 on

     

    25 April, 2013

     

    Masty

     

     

    Browns bar on Boucher Road will be the place to be on the day of the final – few beers then you can dander up to castle greyskull – for after the game anywhere in north or west belfast

     

     

    Give me a shout closer the time I’ll probably be in Browns too

     

     

     

     

    I WILL BE EITHER THE SHAMROCK OR THE FELONS MATE, I HAVE FRIENDS IN BOTH ANDYTOWN AND ARDOYNE..

  6. Steinreignedsupreme on

    Viz Top Tips:

     

     

    Have you ever wanted to throw a couple of thousand pounds off the top of a very tall building?

     

     

    Save climbing all those stairs and buy shares in Sevco – your money may disappear faster, but your chances of a heart-attack remain steady.

  7. Che

     

     

    I’m not sure of the mystery but I’m sure you can get my number if you’re interested mate.

     

     

    If not I’ll put up my email address just cos it’s you.

  8. Can’t stop laughing‏@corsica19681m

     

    @CelticResearch And that’s bigger than you might realise because its illegal to TUPE without employee agreement. We’re players & staff told?

  9. Can’t stop laughing‏@corsica196842s

     

    @celticresearch @ScottishFA Which begs question: has anyone been correctly registered this season? What about insurances?

  10. whitedoghunch

     

    16:55

     

     

    Starry Plough suggested I ask you. Am looking for some contacts; catering/ food wholesale interested in importing Spanish cheeses/ Iberian Ham.

     

     

    My friend’s family export (she is a Barca fan based in Basque country) – can you help?

     

     

    H!H!

  11. MSM slipped in last week Green was liable for court costs over the tuped players (But nothing else) more to come on the outcome of that to me thinks.

     

     

    First team & U20s title party against St Johnstone on May the 11th sounds good to me :))

     

     

    Till later all

  12. Fess 19

     

     

    Just read your comment of a couple of hours ago – thanks for enlightening me as to the original author. I should have recognised the incomparable, stream-of-semi-consciousness style of the Fedora wearing oaf Leggat.

     

     

    Re your -and others- points regarding live TV , I have to say I think there is no going back to the situation that existed in the UK until 1983 when there was almost no football broadcast live other than Cup Finals and the World Cup.

     

     

    As it happens I think – I may have posted this a couple of weeks ago- I do not see why live matches are not simply at 3pm on a Saturday. If that’s not a goer then one game per weekend on a Sunday – again at 3pm- per national league. There is far too much live football on tv and outside of Germany much is played in front of stadia nor much more than 1/2 full. I don’t expect anything to change but it’s what I as a fan who goes to matches would wish.

     

     

     

    Jimbo

  13. Last one

     

     

    CelticResearch‏@CelticResearch44m

     

    So what happened between the CVA meeting of 14/6/12 where Green said Sevco 5088 was taking over & 20/6/12 when the Chairmans report appears.

     

     

     

     

    CelticResearch‏@CelticResearch42m

     

    In this report on 20/6/12 Sevco Scotland is mentioned for the first time in print or the press just after CVA failed. pic.twitter.com/UeAzeIPiXV

  14. The Godolphin owners would love the @ScottishFA to be the investigators into the steroid scandal, did your horses take steroids no ok then

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