The resignation of Craig Mather and Bryan Smart from the board of Rangers International PLC, in the wake of a damaging court defeat and a fiasco over the weekend, when inappropriate statements were issued on the club’s web site which did not adhere to stock market rules, leaves the company in a remarkable situation, indicated by a stock market notice this morning:
“The company, working with its advisers, will now seek to strengthen the board… to meet the standards required for an AIM company”.
Note the phrase “working…. to meet the standards required for an AIM company”.
After another director, Ian Hart, bailed out last week, and former chairman, Walter Smith, walked away two months ago, the company only has two directors left, FD Brian Stockbridge and non-exec James Easdale.
I believe an AIM company needs one more non-exec than executive directors. Easdale is a significant shareholder, meaning there is no independent non-exec on the board able to become chairman.
The normal course of business is to appoint a director before you resign, or dismiss an existing director, to ensure the company has the necessary quorum to carry out its business. If the company is not compliant in this respect, the board does not have the authority to subsequently appoint a director, nor can it call a General Meeting (Annual or Emergency).
If we take a step back from the immediate actions we could note that the main players in the phoenix have now left the stage, after being well compensated. Brian Stockbridge is left holding the power-down switch of the deserted White Star Line flagship.
In the event that a serious trading position lies ahead, the men who created it can point to the disruptive actions by the Rebellious Requisitioners (who don’t have a single vote more than they had yesterday), from the safety of their various chateaus. They’ve gone, the patsys are in place…..
As always with this story, when an action is grabbing all the attention, look for what is happening offstage. Our Hero has been playing his cards close to his chest recently.
Order Sean Fallon: Celtic’s Iron Man, below:
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Flight to Manc tomorrow so off to my scratcher….good night to one and all..I think Oldtim67 ,s Gin@Tonic run could be a best seller for Welcome to the Games …hahaha braw ….
Tallybhoy ,thoughts and prayers …RIP .,,
Out of the ole posting on the CQN thang but just had to say…
Oldtim67
I hope your not getting fed up of the appreciation of your earlier post. And if you are, tough! It was great!
Canamalar and Aw Naw
Respect and thanks for articulating what I think many are feeling.
forgot ma wee song …take care oot there ….braw
http://www.youtube.com/watch?v=hJGSHMgbB0E
Tallybhoy
So sorry for your loss, your dad will always be your standard for you to follow in life. It’s all yours now. You will prevail, I have no doubt. God Bless your Dad.
Weefra HH supporting Wee Oscar
Thread on FF DR running story from Mr No Surrender that our hero is still there no s*** sherlock
Thumbs down AJ fears Whyte is still in the background pulling strings
Re Chico.
I am reminded of correspondence I had with the BBC in 2011 about the reporting of the referees’ strike. I had a look and sure enough, guess who the complaint was about? Anyone see a pattern here?
From FEB 2011
Date: 18 Feb 2011
Dear Mr Bell
Thank you for your detailed reply of 16th February and the enclosed transcript, I appreciate the time and effort put into the reply and your case that BBC Editorial Guidelines were not breached. My argument was that lines of impartiality had been crossed and that the BBC had favoured one side of the debate more than the other and that the SFA were being undermined by the approach BBC Sportsound had taken to reporting the issue.
I was glad to see from the script at
00:40:57:13 Kenny MacIntyre
James in Edinburgh’s not happy Chick, he says are Radio Scotland trying to get the replacement referees to back out. Disgraceful says James.
that I was not alone in thinking this to be the case.
I was also intrigued by this reference earlier in the script
00:27:45:12 Chick Young
Well Yariv just to give you some idea, we’ve spoken to a number of referee associations throughout Europe over the past few days, you know for example the referees in Iceland were asked if they would officiate, when they heard the complaints that the Scottish referees had they said there would be absolutely no way they would travel over to Scotland. They felt it would be doing a disservice to their Scottish footballing colleagues, their refereeing colleagues.
that raises the following questions:
Who is the “we” who spoke to other referee associations and who exactly informed those associations of the reasons for the referee’s strike?
If it was BBC employees is that in fact their job? Should the correct course of impartial action not have been to suggest that those overseas associations contact both the SFA and the referee’s association in Scotland for clarification?
This takes me to the introduction of Mr McKendrick at precisely the moment he came on the scene. The same question has to be asked – should he have been given the opportunity to air the referee’s position without an SFA representative being given the same kind of opportunity to air theirs?
Finally in responding to James of Edinburgh (see above) Mr Young said
00:41:04:01 Chick Young
No. Why would we be doing that? I think it’s a pertinent question to ask the head of the Israeli referees who are sending replacements as to whether they were told the reasons that these guys were required. I think that’s a pretty pertinent question and I think I would have been sacked if I’d not asked the question.
Whilst it might well have been pertinent, the chances are Mr Young already knew from what was gleaned from contacts with the other referee associations (see the references) what the answer from the Israeli representative would be, which paved the way for the introduction of Mr McKendrick, who just happened to be in the studio to give an answer.
It might have made for good broadcasting revealing to the Israeli representative the case of the Scottish referee’s on air, but just by doing it publicly he was not in the same position to respond as he would have been had he heard both sides of the story privately.
I am prepared to accept that the case that guidelines were not breached may well stand on the grounds that the interaction during the show attempted at even handedness, but in my view structurally the build up to and so the presentation of the show itself was flawed and leaned too far in one direction.
The key questions (and it may well not be an editorial issue but one of preparation) are:
Did BBC employees at any time inform overseas referees of the situation surrounding the strike during the build up to the programme?
If yes, should they have done so?
Was it right and impartial of Sportsound to facilitate the informing of the Israeli referee representative and not offer the same kind of opportunity to the SFA CEO to present his case?
Scotland badly needs a BBC that all the populace trusts will act with impartiality and when something like the Sportsound programme creates the conditions, no matter how unintentionally, to question that impartiality, I think it worth raising the questions I have raised to restore confidence and prevent the same conditions arising.
Chic Young has been spouting this crap for well over a year. Below is the transcript of a post I made to Phil’s blog on 6/4/2012, in response to a Radio Scotland broadcast the previous evening:-
“I don’t listen to SSB. I did however listen to Radio Scotland last night and could not believe what I was hearing from the mouth of Chick Young. They at least debated whether or not there was a “succulent lamb club” prevelant within the SSM, and to their credit, all, apart from Young, admitted the existence of such a group of sycophants. Young then admitted that he had indeed socialised with Murray on many an occasion, and was proud to call him a friend, before embarking on an excruciatingly embarrassing defence of SDM, during which he showed his complete ignorance of the facts by asserting that because the debt had been reduced from £32m to a completely manageable £18m (his words), RFC were in fact making money before Craig Whyte took over, and all the blame should be laid at Whyte’s door!
I have to say Chick, that although we’ve all known it for a long time, last night we saw your true colours shining through.
And by the way, where’s Traynor? He’s been conspicuous by his absence. Is it all getting a bit too much for him?”
Indeed, it seems that the more things change, the more they stay the same.
Daily Sevco front and back pages.
http://twitpic.com/dhmrj9
http://twitpic.com/dhmrij
HH
I’m dreaming of a Whyte Christmas
auldheid
All of us like to consider ole Chico a figure of fun but his “intervention” in the referees’ dispute was a sackable offence in my book
Tonight he was tits OOT in favour of Minty ‘n’ Walter
Difficult to reconcile with his job at the Beeb
Slightly beyond a joke now
I’m thinking somebody’s got something on him
Or he’s getting paid like ole man Hately & co
End game for the Huns sounds like ……LOL
Tallybhoy
Sorry to hear your sad news, may your dad rest in peace
Condolences to you and yours, Sad time
Chick Young is a hun.
The huns are in chaos,total chaos.
It’s not a bit of wonder that the Celtic board, choose not to comment on matters concerning that dire,zombie tribute act.
There is no point even thinking of getting involved in that pantomime whatsoever.
Counterproductive.
by TOM ENGLISH
Published on the
17 October
2013
00:00
AS TEMPTING a position as it may be, you have to wonder what kind of character would put himself forward for the now vacant role of chief executive of Rangers after Craig Mather departed his post yesterday.
The prerequisite for the job seems to be an ability to accept unconscionably bad behaviour behind the scenes while trying to persuade the watching world that everything is cool, everything is on track, everything about your life is fine and dandy when the reality is that your job is akin to having a bucket of sick emptied on your head every single morning with the task of making it smell like success before the day is out.
Mather was defiant to the end, claiming that the financial state of Rangers is healthy when the evidence suggests the opposite while also launching another verbal grenade at those he blames for unsettling the club, men like Paul Murray, who he’s had a go at before. Murray, and the disaffected shareholders, want a democratically elected board at Rangers and they won a notable victory on Monday in their long-running pursuit of accountability in the Ibrox boardroom.
The potty dysfunctionality of Rangers is evidenced in so many ways and Mather’s parting statement yesterday provided another example. He didn’t mention Murray by name, but you knew that is precisely who he was aiming his guns at when talking about those who have “destabilised” Rangers. The fact that Mather offered Murray a place on the Ibrox board as recently as Friday just shows how weird life has become in the maelstrom. He made the offer – or was instructed to make the offer by the very powerful Easdale boys with their large percentage of proxies from supportive institutional investors – not because they thought they could work with Murray, but that they could control him as they control others.
There is so much noise and yet so little clarity at Rangers. What we know is that Mather has gone and so has Bryan Smart, the non-executive director. There are calls from supporters for Brian Stockbridge to depart, too, and there is a general assumption that it’s only a matter of time. Perhaps. Stockbridge’s performance as finance director has been dogged by unsavoury behaviour with a video recording and unconvincing explanation of the Rangers accounts. To say that Stockbridge must go would be an understandable line to take, but it ignores the realpolitik at Rangers.
The Easdale boys are now the power-brokers at the club and have been for some time. They have a relatively modest personal shareholding in the grand scheme of things but they have proxies from other investors which give them the running of the club right now, pretty much. They can call upwards of 25 per cent of the shareholding. Some say more. Some say that on certain Rangers’ issues they could call on as much as 50 per cent. The fact that nobody knows for sure is part of the problem. The mystery surrounding the Easdales and who they are in bed with is one of the on-going problems at this besieged club.
While Stockbridge is in place, he remains the whipping boy for the support, the object of their ire. A useful buffer for the power men, in other words. Stockbridge might decide to quit, but as long as he is there then it suits the Easdales. When you think about it, so little is known about their influence at Rangers and yet it is very real. Mather was their heat shield up to now. Stockbridge might assume the mantle in his absence. Above all others, the pair of gentlemen you would dearly love to sit down with and ask questions of in this entire Rangers farrago are James and Sandy Easdale.
And you’d start by asking them how many shares do they own and how many shares are committed to them by proxy when things come to a vote in the AGM. Have they got the support of Margarita Holdings and Blue Pitch Holdings, two of the serious players among the institutional investors? If they have, how did they get that support? What deals were done in order to secure the support? While they are at it they may as well answer one of the mysteries of the entire episode. Who the hell are Margarita Holdings and Blue Pitch Holdings? Who is involved with them? Is, by any chance, Charles Green, involved? Or Imran Ahmad? Or any other individuals who feature in the grim back story?
The Easdales don’t engage a whole lot, but they must see Dave King as a threat. King will not buy their shares and make them wealthier. He will issue new shares – if he gets the chance – and dilute their control of the club. Quite how the Easdales can come to some arrangement with King is one of the fundamental questions of the Rangers saga. They could do with his money but it’s the concession of power that is the problem. Everybody likes to say that they are “acting in the best interests of the club” but that phrase has become cheapened by the number of chancers who have used it in recent years.
Mather left yesterday, the words in his statement hinting at the real story of his exit. The chief executive had “agreed to stand down”. Agreed with the plc board, where only two men remain and only one of them matters. Stockbridge will serve a purpose for the Easdales in the short term. He will soak up the criticism like a human sponge but the real target should be the ones behind him, the bus tycoons who claim all of the power and answer none of the questions.
Morrissey – How are ye chief?
Some craic watching those hun monkeys falling over another cliff.
Hopefully this will be the last that we ever see of them again.
just fired of a complaint to bbc about sportsound and chick young in particular,this man is allowed to spout newco propaganda while defending dead co and all that that entity did,
its about time some one took this cretin to task about this,he is telling lies about the lying king and his convictions, sorted out with south afican authorities being just one, the man is just and apologist for dead co and a cheerleader for sevco.
Tallybhoy
Condolences to you and the family – God keep auld Tallybhoy.
You will always hear his voice.
God bless mate
Teuchter ár lá
16 roads – Wee Oscar the Celtic warrior. @ 02:12
Pour yirself a margarita and enjoy the next scene of the panto.
I’m of to bed. Perchance to dream. Night Bhoys!
When the SFA are quick to downplay the red carpet for Dave King then ye know that all is not well in the hun world.
They be down the ole plughole
And I is liking it big time
Tonight’s radio was immense, laughable, stupid, unbelievable………
They are very dead and going to be dead again
It’s funny
So very very funny
Morrissey – Everyday is like Sunday for the zombie cult.
I was going to wish ye good luck mate,but a don’t need to…You got the 777 post there.
Slan.
For nearly sixty years I’ve been a cockie</a
oldtim67
21:48 on
16 October, 2013
Malorbhoy.
I’m hoping to get in around 12,55pm @ Buchanan St bus Station, it takes me around 12 minutes to walk to my first watering hole
———————————————————
0ldtim ya slow ole git ,I will be working in the toon ,get my number off of BT ,I will
pick you up and take you to pub/pubs.hh
Merry Ploughboy
..still on another time zone and couldn’t sleep…..
oldtim67
23:10 on
16 October, 2013
Celtic Mac.
Just ask if there is a spare ticket out there for the Ajax home game,you never know your luck,there’s maybe one spare available somewhere……
………………………………………………………………………………………………………
Celtic Mac… Morrissey 23rd does/did have one which his gf is not going to use.
Tallybhoy
Riposa in pace.
.
Courtesy Video Celts..
Vital days as Ajax countdown picks up..
Normally, I don’t spend a lot of time writing about “The rangers football club fc international ltd” – at least I think that’s what Sevco changed their name to. The main reason for not spending much time thinking about them is simply because, like most lower league teams, Celtic are unlikely to be playing them in the near future.
However, I have decided to make an exception today. The main reason is because this is another week without football matches that I care about the results of so I need something to occupy my mind.
So, if we cast our minds back to a glorious and exceptionally funny valentines day last year, Rangers entered administration. They were given a 10 point deduction. Later, both Hearts and Dunfermline also went into administration but they were given a 15 point deduction.
I have no idea why there was a less severe punishment for Rangers. Regardless of that, they died and no longer exist. Some other company, set up by some other people, set up some other football team who just happen to wear a similar strip and play at the stadium of the old dead club.
From that point of view, how can there possibly be any debate over whether or not this is a new club ? As more than one clever person has pointed out, the new occupant of a dead relatives house can hardly be deemed the same person just because they live at the same place.
Apart from that, not a great deal has been happening with our club. Like most fans, I always hate the international break. Like most fans, I spend the break wondering if all our players will come back injury free.
With another three games in eight days coming up, having all players fit and in good form is my main concern. It’s Hibs away followed by Ajax at home and then Partick Thistle away. Realistically, we should be capable of beating both SPFL teams but Ajax is going to be a massive match.
Realistically, most fans would accept that we are fighting against Ajax for 3rd place in group. I don’t feel that has changed.
We have had two ‘glorious failure’ type defeats in the last 2 Champions league matches, the one versus Ajax is vital in my opinion. I said that I feel the Karagandy home game was our biggest of the season. I still think that we will not play in a more important match but this Ajax game will be close, in terms of importance, to that game.
We all know what to expect from the Ajax game. With a bit of luck, their players wont quite know what to expect and I am confident that we are capable of beating them.
In my last blog, I wrote about Tony Stokes and his contract situation, I have since been made aware that it appears he is rejecting the new contract because it is not in line with what the top earners at the club are being paid. If that’s true, then come on Celtic, either get a proven goal scorer in or pay the man what the clubs main goal scorer should be getting.
Given that the money men at the club are indeed that, money man, they perhaps haven’t quite grasped the importance of having a player who can score 20 – 30 goals per season.
The final thing that I was thinking about is the official travel packages. I saw an advert from Celtic saying that there are packages available to Amsterdam for the Ajax game. This is a day trip costing £289. Now, unless they are flying you there by private jet and taking you from the airport to stadium in a chauffeur driven car, I would suggest that price is a disgrace.
Often, you can get mid week flights to Amsterdam for about £50 – £100 return. A train from the airport to the centre takes approx 30 minutes and costs no more than about £5. From Centraal station to the stadium is not a long journey, about 30 mins or so from memory.
On the rare occasion that I have watched Celtic away in Europe, I have always done so by booking the flights and accommodation on my own. The price of travel via the club is precisely the reason for this.
Of course I don’t know how much of the prices are defined by the travel operator and how much input the club have. However, if the club are going to add their name to something, they should perhaps be looking into exactly what they are asking their fans to do.
Football is supposed to a sport for the working man or woman. If you pay for a season ticket, plus European tickets on top of normal household costs such as rent / mortgage, food etc, I would ask who exactly can afford to pay out that amount of money for a day trip ?
I do not like to be too critical of the club but I feel the travel packages on offer are a bit of a joke and they are pricing the average fan out of going to watch the team playing away.
At the start of this blog, I wrote about the ‘Rangers’ tribute act. I am aware that their supporters seem to quite like world records. For a company who were created on 29/05/2012, I would be curious to see if the number of directors they have had in such a short period of time is another world record for them ?
Summa
.
Get your ticket for UEFA Youth League clash with Ajax..
AS Neil Lennon’s side prepare to face Ajax next Tuesday in the UEFA Champions League, our Academy team will take on their Dutch counterparts from the illustrious Ajax Academy at 2pm the same day at Livingston’s Almondvale Stadium, in the newly-formed UEFA Youth League.
The young Hoops have been unlucky in their two previous group matches so far, going down 3-1 to Milan in Italy last month, and then losing a late goal to suffer a narrow 2-1 defeat by Barcelona last time out.
Coaches Stevie Frail and John Kennedy will have taken heart from the way their young side performed in those opening fixtures, and will be looking to go one step further this time around as they target three points against their Dutch opponents.
Tickets for Celtic U19s match versus Ajax on Tuesday, October 22 (KO: 2pm) are available now from the Celtic stores in Argyle Street and Livingston or from the Celtic Ticket Office, priced at £5 for adults and £2 for concessions.
See tomorrow’s talent today in the UEFA Youth League.
Summa
• TimsinOhio & WeeOscar Never Walk Alone
18:15 on16 October, 2013
Hello lhads, Not been on here for ages and it appears the last few days have been rather tense. Thank god for Oldtim 67 and his post on Page 1 earlier. Any way, I’m heading to Shanghai on Friday. Anyone know of a good pub to watch the game near The Grand Kempinski hotel?
Think, way back, i watched game in Malones, just off Nanjing Lu.. opposite Tongren lu. Jing An district (near Ritz Carlton Portman Hotel.. locally referred to as Portoman). Not sure where Kempinski is but plenty of Irish bars around, although never found CSC.
Big Bamboo sports bar in same area. Also one in Hongqiao…Canuck owns them so probably more into US style…
Taxis are cheap so no great cost in travelling wherever you go
Was back in May this year but was after SC final, so no games to watch.
I’m sure someone on here will have better info….
.
Am l the Only person that when l read ‘lbrox Boardroom’ it reads lbrox ‘Board-walk’..Bet Ally regrets the Ole Walking away Quote..
..
Courtesy Ibrox Noise..
Boardroom Chaos at Ibrox, What’s Really Going On?
With the ongoing chaos which permeates the Ibrox boardroom, it is almost impossible to know where to start. But I’ll give it a go.
Today saw the resignation of Chief Executive Officer Craig Mather and non-executive director Bryan Smart. Added to the resignation 2 months ago of Walter Smith as chairman, and the departure of non-executive director Ian Hart last week it is safe to conclude Rangers are not only deeper in the mire that acts like quicksand, but fundamentally rudderless:
Rangers now have no board.
The only ones left are Finance Director Brian Stockbridge and the Easdale Brothers, only one of whom is actually on the board. The other is on the sporting side, otherwise known as the Limited company.
So Rangers’ PLC board is effectively two men now.
That is a summary of how it looks on the surface. ‘Behind the scenes’, however, the pitiful mess that is Rangers FC makes for even more damning viewing. The number of soap operas, backstabbings, lies, deceit and betrayal would have Mr Struth turning in his grave.
There is no honour any more.
What follows is a bit of an exposé of some of the truly ridiculous nonsense most Rangers fans know nothing about. I will not go into sources or indeed too much detail, but I will sum up the events I have been informed of.
For a start, Rangers fans, myself included, applauded manager Ally McCoist for taking a 50% wage cut recently. Unfortunately the problem is this is, thus far, a complete fabrication. Ally McCoist’s wage remains at £875,000 plus bonuses. No wage cut has yet been taken by the boss.
McCoist also recently outed former director Ian Hart as a director who wanted him fired after the defeat to Forfar. Not actually the case at all.
My understanding is Hart was only critical of McCoist’s public verbal tirade against Charles Green (the whole ‘we need a cup’ comment), who was once McCoist’s boss. And suggested to McCoist, had he been his own employee, such a tirade from employee against himself (Ian Hart) would have seen Ally fired. Hart did not want McCoist fired, he was only being rightly critical (as I was at the time as well) of McCoist’s frankly ludicrous outburst at former CEO now consultant Green.
There was also Craig Mather making underhand dealings 6 weeks ago to ‘get rid’ of Hart and Smart as a deal to appease Paul Murray and his ‘consortium’. In other words, Mather was trying to make space on the board. That would have been acceptable had Hart or Smart been consulted and given their blessing but this was behind their backs.
Hart also saved Rangers a lot of cash by persuading Charles Green to quit with severance pay. Green could easily have sued Rangers in court for a lot more. Just like Sandaza nearly did, and would have won but for Rangers cottoning on to his case being so strong and settled out of court.
Then there is Brian Stockbridge; he did not take the bonus. He and Mather have both publicly confirmed it and my understanding is that at least is 100% true. It remains in the accounts contractually and nothing more. That one at least is honourable news but most fans refuse to accept it as the case.
Another piece of honourable news is that Ian Hart was not paid £28,228 expenses. Instead he was just given that in shares in the club.
The last thing I will touch on is the slightly embarrassing plans for the AGM. Mather and Stockbridge are/were so anxious about fan reaction they planned a 10ft stage with back exits and a tonne of police (no joke) so that they could be protected and escape if things got ‘heated’. For the executives to require body guards and a plan B is truly the most absurd thing. What did they expect? A swarm of 50 angry bears charging the stage wanting blood? ..Must Admit l giggled at this bit.. (001)..
It is not a surprise Smart, Hart and Walter Smith quit. Albeit it probably is a surprise to many that while Malcolm Murray was the original ‘mole’, Mather and Walter were not averse to the occasional leak themselves.
Rangers could not be in more of a mess right now, with no board, no leader, no direction, and a now-postponed AGM meaning new appointments cannot be made until just before Christmas.
Still, at least the stuff on the pitch is worth cheering.
Summa
Tallybhoy – I hope your memories of your dad bring you comfort, RIP.
Welcome back Craig Whyte, Fenian sleeper extraordinaire.
Hehehe – stupid Huns.
Good morning friends from ‘after the deluge’ East Kilbride where 12 hours of heavy rain has probably put paid to my chances of a game of golf I had earmarked for early afternoon. Still, there’s always tomorrow. Currently damp but precipitation-free.
2 more sleeps till the Hibs game then a further 3 till we get our first Champions League points of 2013-14.
Edinburgh Hibernians, then Ajax of Amsterdam,followed by the Glasgow derby.
Not bad,not bad at all.
There is a definite freshness about football these days,ever since the old leprosy club kicked the bucket.
I might even get myself a Cornetto out of the freezer for breakfast.
Have nice day.
Ex-Ibrox director in court fight for disputed £500,000 bonus
Published on 17 October 2013 DAVE FINLAY A judge has been told a claim against Rangers by its ex- commercial director appeared to be based on “an independent, unilateral exercise of power” by former chief executive Charles Green to give away £500,000. The allegation was made at the Court of Session in Edinburgh, where Imran Ahmad is seeking the sum from the Ibrox club after his contract was terminated earlier this year. The claim emerged on another day of turmoil as Mr Green’s successor, Craig Mather, resigned as the Rangers chief executive. In another twist in the battle for supremacy in the boardroom, Mr Mather left just two days after former director Paul Murray won a court battle to postpone the club’s annual general meeting. It had been due to take place next week. In Edinburgh, Mr Ahmad’s legal team maintained that Mr Green told him, by letter, that his bonus would be no less than £500,000. Mr Ahmad alleges that the letter created an obligation for the club to pay him the money. He has raised an action against Rangers seeking the money, with the Ibrox club contesting the case. During a preliminary hearing in the case Mr Ahmad’s counsel, Ewan Campbell, argued that it would be possible to take a decision on whether Mr Green had “implied authority” as CEO in light of the company’s articles of association or under the terms of a contract clause. “These are matters which the pursuer submits can be dealt with without the hearing of evidence and can be determinative of the matter,” he told Lord Woolman. Alan Summers QC, for Rangers, said, as he understood the case, it involved an argument that is “breathtaking in its audacity”. He said the primary position for Mr Ahmad seemed not to rely on a contract clause over bonus provision, but that this was “an independent, unilateral exercise of power by a CEO” to give away £500,000. He said both Rangers and the court needed to know where the authority to do this came from. He said they needed also to know how it could be held out to Rangers that it was somehow binding on them. Lord Woolman said the court would require to decide whether the letter constituted a promise and, if it did not, whether it was written in terms of the bonus clause provisions. The judge said a procedural hearing in the action would be held in December
Top of the morning to you all from a still-dark Fife.
Tallybhoy, sympathies mate.
If Daily Record could produce front and back pages like this more often I might re-order.
13 days to go before petition on judge’s membership of secret societies such as the freemasons closes.
http://www.scottish.parliament.uk/GettingInvolved/Petitions/judgesmasonregister
Hey OT67
http://www.celticquicknews.co.uk/?p=13933&cpage=1#comment-1966682
I’d love to read your first post too. Cracker yae ole corker.
While your at it can you get MrZ to find and re-post his Winnie-the-Poo post from 2007 up.
Minxy. Yip. I’m sure you tried!!! :)))
MWD
May god have mercy on your father tallybhoy .He certainly put up a great fight.
God bless you and your family
Sorry to hear your sad news tallybhoy.
Thoughts and prayers.
MWD
BT.. school trip over for anuther year then??