Walter Smith was not named by BBC’s Mark Daly as a recipient of an Employee Benefit Trust in the recent documentary, however, before this matter is put to bed I expect more names to emerge. As soon as Smith makes himself available to a proper journalist he will be asked:
Did he receive EBT loan payments from Rangers?
If so:
Did he repay those loans or hold his cash while the club ran out of money and died?
Was he in receipt of a letter from Rangers confirming he was not required to repay?
Did his then employers, the Scottish FA, know he was perhaps receiving money from a member club while employed by them?
Are SFA employees contractually inhibited from taking payments from a member club or required to inform the SFA board of any payments received by a member club?
Did his earlier employers, Everton FC, know if he was receiving money from another club while employed by them?
Was Smith contractually inhibited from taking payments from another club or required to inform Everton of any payments received from another club?
As manager of Rangers, was he involved in negotiations with players who had EBTs or was he another one who concentrated on administrative and legislative duties?
Was he one of the men SFA president, Campbell Ogilvie, suggested failed to reveal side contracts to the Rangers board?
Rangers’ liquidators, BDO, will forensically pour over most of these questions, so Smith’s answers will be verifiable.
No one who played an active part in Rangers EBT scandal will come out of this clean. The ramifications multiply if Rangers were discretely paying any senior employee of another club.
I simply cannot imagine the justification for a member club discretely paying a senior employee of the SFA. Frankly, it would be beyond every Celtic fan’s most paranoid fantasies. I am sure Mr Smith will quickly and easily be able to reassure everyone.
An interesting twist in Smith’s bid for the assets of Rangers is that if he is to inherit Green’s application for a SFA licence and take a controlling interest in the club, Green is obliged to do due diligence on Smith to determine if he is a Fit and Proper person. Perhaps Mr Green can use the above as his due diligence questionnaire.
One final thought. In the unlikely event that it is established that one senior SFA employee was receiving discrete payments from Rangers, we need an immediate and independent inquiry to establish how many others received such payments and what they were for.
As a matter of some urgency I would recommend Stewart Regan brings himself up to speed on this one. I am sure his president is banging the table as you read this insisting the chief executive gets to the bottom of this. It’s not as though he is heavily conflicted and the SFA is in dire need of an independent president to steady the ship.
My friends in Celtic, this just got interesting.
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I can see a few CQN houses going on fire tonight…
voguepunter on 15 June, 2012 at 15:07 said:
>>>
Omg!! Is Michael Jackson dead??!!!
;-)))
Aipple
Congratulations. Enjoy!
Green Lantern (((((0)))))
It can be different. As things stand, the name of the company who own the assets etc is Sevco 5088 Ltd and if this company wishes to change its name, it will have to file a request with companies house and I don’t think it will be allowed to call itself “The Rangers Football Club Ltd” until insovency proceedings have ended and “The Ranagers Football Club Plc” is officially dissolved.
Officially for contracts and such like they could call themselves Sevco 5088 Ltd trading as The Rangers Football Club and I think this would be permissable under the regulations.
In this case for all intents and purposes the company will be known as The Rangers Football Club.
Mort
curly on 15 June, 2012 at 15:32 said:
voguepunter on 15 June, 2012 at 15:07 said:
“Will someone please tell ragers historian Robert McIlroy that no one wears
white socks with black shoes since Michael Jackson passed away. ”
With respect: I think it only fair to point out that (along with white gloves and black bowler hats) white socks and black slip-on shoes are standard issue for those of a marching persuation …
Anpther lantern will launch from G67, so G67 x 2
So ‘The Rangers Football Club’ cannot be held accountable for what ‘The Rangers Football Club PLC’ did.
I really want us to hand in our 2 year notice to the SPL.
Aipple on 15 June, 2012 at 15:36 said:
“… My good lady is finally beginning to understand the Celtic thing. Mostly on account of being woken up at 7am every other Sat / Sun …”
… to find you with a smile on your face?
;-)
@The Pantaloon Duck – Cheers!
@bigngreen…..I am Neil Lennon – They don’t fair too well in the wind but don’t let that stop the fun.
I saw what I thought was one of the Tweets of the day yesterday from GregHemphill. He offered Walter a quick tip saying maybe try a 10th hour bid next time.
Made me chuckle.
Mort 15.42
and the creditors of the original Huns would have no recourse to pursue this New entity ?
Malcolm Murray said this:
““I believe he will be the manager of Rangers next season and we have to make the effort to make that happen. It’s what every fan wants. ”
Quite obviosly, the MSM will never challenge the fact that Rangers no longer exist. Equally obvious is that the fact of their demise is being ignored in the sense that the New Company is being seen 100% as Rangers. That New Company will be afforded the same preferential treatment from the Establishment. What, exactly, have we won and what have They lost?
I know circumstances are different in the following cases but Third Lanark have gone; Leeds, Airdrie and Rangers have not. I wish that were not true in the case of the latter but for the life of me I cannot believe that we are truly rid of them.
JJ
The dual contract investigation needs to determine if games were played involving ineligible players. If there were then results should be re-written accordingly.
It’s a history exercise not a sanction exercise.
hen1rik on 15 June, 2012 at 15:40 said:
“Scottish Football fans are getting treated like mugs and it’s because of 1 team.
Pay yer creditors and taxes you tax dodging scumbags. ”
They cannot, they no longer EXIST!!! por cierto
Brogan Rogan Trevino and Hogan supports Kano 1000 on 15 June, 2012 at 15:32 said:
>>>>
Keep it comin’ mhan!
HH!
++++
Lantern almost acquired. Green ribbon to attach (got). Fireworks,in the bag.
Ice cream chillin’.
Ingerland to get gubbed by Sverige and my day will be complete.
No to BUNCO F.C.!!!
Chairbhoy
Now I maybe niave and you could put me right but what would have been wrong with a more conventional approach, surely this would have realised a better dividend for all stakeholders….
Shareholders aren’t a consideration as they only get paid anything if the company is liquidated and all creditors receive 100% of what is owed. What is then left is divided among all shareholders.
In terms of creditors, all those things you suggested would have given them a better chance of getting something back but the admins main concern was saving the business. Cutting costs to the bone may not have been enough to even keep them going and being able to fulfill fixtures.
There were things that could have been done but it was clear from the outset that creditors were going to be shafted one way or another.
Mort
Brogan Rogan Trevino and Hogan supports Kano 1000 – multi coloured toilet seats which play Rod Stewart singing drift away when you pull the handle
I’ll take two please. (thumbsup)
Green could get the huns on board right away by blaming Neil Lennon for all of this?
@Folly Folly – There have been so many causes to smile this year, one of the best Celtic years for me. Up there with ’88, popping Champagne in North Stand in ’98 and watching the Euro run of Seville.
Here’s to a great future for us all.
HH!
Ps Anyone that uses the Celic App on iPhone I hope to have Android version ready for start of new season and some updates to existing iPhone one.
From now on we should never ever refer to them as rangers. Simply refer to them as NEWCO. Whether you are talking to friends, on a phone in or banners at Celtic park refer to them ONLY as “NEWCO” this will get it right up them and allow us to highlight that rangers are no more! Instead of “oh the rangers are shite” use “oh the NEWCO are shite” etc. spread the word hail hail
Papa Bouba Pre-op
FTSFA will be lighting up G44 ;-)
jock steins celtic
Nope, in the eyes of the law it is a new company with no links to the old. Creditors have been dealt with through the CVL and they agreed to this so that’s them sorted.
Mort
Meant to say WH Smith doing the new Celtic DVD £11.99 and you get a free Toblerone so big, that could knock out an elephant with it.
Is Murray Moonbeams now in charge at PSG? £37.5m bid for Thiago Silva of AC Milan. Madness!!
The msm has to slurp,slaver,pander,grovel,creep,to the inbred orc hordes….else they find non-existent circulation,their yards full of burnin’ crosses,their children abducted,’attempted assaults by bomb’ would rocket,bullets by the bushel in the post,mad Moisty whisperin’ sweet nuthins in their shell-likes.
Mass frenzies in George Square.
Somebody would have to step in and actually DO something.
Now….who would want that?
I’m not gettin’ much joy out of my new R#ngers app on my iPhone.
And the helpline number is just ringin’ out.
it’s almost as if they’ve gone bust.
Doncaster – ‘We can’t decide on a punishment until we know who it actually is to be punished cos Rangers are a special case, they are a brand new club with a proud history who have been punished enough.’
Por Cierto on 15 June, 2012 at 15:47 said:
hen1rik on 15 June, 2012 at 15:40 said:
“Scottish Football fans are getting treated like mugs and it’s because of 1 team.
Pay yer creditors and taxes you tax dodging scumbags. ”
They cannot, they no longer EXIST!!! por cierto
share on F’book or Twitter
LoL
The sfa now have to undertake due dilligence on any new company requesting a license, we will now see how far back they are willing to bend and the extent of corruption in the game
Saint Stivs on 15 June, 2012 at 15:01 said:
Saint Stivs on 15 June, 2012 at 13:00 said:
Postcode update on Lantern lighting.
G77 x 2, G71, PA7 , G69 x 2, PA8, G64, G67, ML3 , G72 , NN14 , ML2, CH1, G44,
G22 x 2, EH12, Dublin11, G43, G13 x 2 , AB22, G41 x 2, G11, G42, G1, DG12, LA14, IV25, BD20, FK15, KA7, KA1, ML5, G33 x 2. G67 x 2, EH32, BT66, Dun Loghare, G75, Kentucky USA, FY5, G20, RG27, G44, PA24, KA3, BH1.
share on F’book or Twitter
Gordon_J
The new rule 11 does not help much. How can anyone know if someone will own and operate a club? There are no criteria specified to assist with this decision. The rules were a mess before and they still are.
The last 2 parts of the article are indeed interesting!!!
All this time we have been acused of being paranoid and none of us had any idea about nearly how much dodgy dealings were going on between the establishment club and the ‘establishment’ (alledgedly!!!)
It sounds like the interesting stuff is only getting started alright!!
Keep it up Paul, keep asking the questions
Add a couple more ML5s to the lantern chart.
Why are these morons on SSN giving air time to idiots like Duffield
If they have no link to old Rangers´’ financial problems then, likewise, they have no links to its players, staff, history, etc.
Funny how everyone connected to them are voicing the first part but ignoring the second. The SFA and the SPL included.
“You can’t touch us now coz we are newco, but, by the way, we are the most succesful domestic club in the world coz we are and always will be Rangers . . . we arr ra peepil”.
The SFA’s lack of a clear and committed stance on this is a sure sign we are going to get screwed over. They have had months to prepare for this eventuality, to know what they were going to do and say so how come it is just . . . silence? Says everything.
hen1rik,
msm are not giving up
they are complicit in covering up the biggest sporting scandal in british history which is why they are fighting even harder to trivialise the issues.
stv – dougie dougie a year after leaving the game in disgrace
bbc – dullass after being sacked by the sfa
seeking the opinions of disgraced officials shows the contempt they hold for their viewers.
I see ‘Kentucky USA’ on the lantern list.
My initial thought was of the unlikelihood of any of the rest of us on this side of the pond being able to see it from here.
Then an American accent sounded in my head: “Call that a Chinese Lantern? Why, back in the States …”
I take it the sleekit wee rascals are bombarding the site…..
Paul 67 , keep scuddin’ it intae thum!
Guys, for Health & Safety sake, if you are planning on lighting a chinese lantern this evening, at the prescribed time of ten pm, then make sure there’s a responsible adult with you. Preferably one you can blame if yer lantern sets fire to anything.