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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After a night of reflection on Wee Chix utterings last night my final comments on the mater are …….
Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
Morning all from gay Paree, bright cool morning.
Burning topic on “Rangers Quick News” this morning:
“What happened to the Manchester money?”
Bwwahahahahahaha
Tallybhoy:
Sincere condolences on your sad loss. Chin up mate.
Happy Birthday to Caityrollercoaster, who became a teenager today. Where have those 13 years gone? Still remember her birth like it was yesterday.
HappyandproudCSC
HH
CRC
beautiful posts from Oldtim and Mr Z….condolences to Tallybhoy
Hail Hail
Murdochauldandhay great spot
http://www.internetbampots.co.uk/comingsoon.html
Morning.Sevco update 17/09/13
Would it not be the funniest thing if the shares that the Easdales hold a proxy for ( blue pitch holdings )who nobody knows the identity of , were actually held by my hero Craigy Whyte!!!!
What would happen then???????
Desertbhoy.
Yes. October week nearly at an end.
How you settling in on your wee trip home?
Happy birthday caityrollercoaster..
Morning all. Brightish again down here.
Bhouyed today by a few straws in the wind. CQN yesterday, courtesy of OldTim, was much more of a Celtic site than it has been for some time; STV mentioned that Dunfermline, because they had not been liquidated, had retained their history and James Naughtie, a reputable Scottish journalist, was disparaging, almost utterly contemptuous, of thon deid team on Radio Scotland this morning.
Maybe others will begin to tell the truth.
CloudcuckoolandCSC.
Gaun yersel, Aristophanes.
Just listened to Dick Dung masterpiece. How anyone can possibly get annoyed at his comedy gold is beyond me. Absolutely hilarious!!! Brilliance!!! Keep it coming Dick Dung.
MWD P1SHING HIMSELF LARFING
Tallybhoy
Just reading back. Thoughts and prayers to you and your family.
HH
CRC
Tallybhoy sorry to hear of your loss. Take care of yourself and your family. Remember the good times.
Tallybhoy,
Sorry to hear of your loss.
May your father rest in peace.
The daily ragers spin today. The phrase rats leaving a sinking ship comes to mind but that would be an insult to rats and ship should have a t in it. Looks like the spivs have cleared oot the cupboards. Whyte Christmas anyone, double triple Jelly and green icecream. The laughs just keep coming. ho ho ho
Morning all
tallybhoy sorry to here of your loss my friend..please accept my condolences..the special love and memories are there forever YNWA
Happy birthday to Caityrollercoaster.
Commiserations to MR & MRS CRC. Girls teenage years. Worry worry worry!!! :)))
MWD
Very Very Hooopy Birthday, young Caity Rollercoaster
Make sure Mum and Dad spoil you today
Enjoy the rest of your Hols
Hail Hail
Moonbeams listened also to the Chick Young masterpiece
The BBC are lucky to have such a giant of journalism in their midst ; Hugh McIlvaney , Patrick Barclay et al , must wonder if they will ever reach the pinaccle of their profession, whilst Chick is showering us with his pearls of wisdom.
I am astonished that Chick seems to be happy to play second fiddle ( or the flute ) to the Richard Gordons of this world. The way Chick dissected his way through the maelstrom of Rangers to identify the guilty party as a banker based in London cleared up the whole sorry mess for me.
I would not be surprised to see Chick receive a knighthood for his outstanding contributions to journalism. Sir Chick I salute you!
latchford
I sense a touch of Sarcasm and facetiousness in your post!!!
Me! I was being 100% serious and supportive of Grandmasterdebator Dick Dung extraordinaire.
MWD larfing. Oooooppppps!!!
Magic post by oldtim. Paul’s blog has touched many lives. My first memories were lurking, reading and listening to Pablo’s music havin a few drinks. It took me home to my family if you know what I mean. Still here and hope to be as lucky as oldtim and meet a few CQN’s some day. Everyone of you are special people. Thanks for sharing. Hail Hail oldtim.
@jobbytash: EXCLUSIVE PIC OF INSIDE THE NEXT IBROKES BOARD MEETING. http://t.co/2jMWU7CtZS
Thank you. Huge deserves oldtim67.
Praecepta, I could not do this. Hopefuly some time in the future…
Celticrollercoaster, Happy Birthday, my friend.
Moonbeams, before I head out to meet Emusanorphan and his good lady, I post Winnie the Pooh.
The context was negativity and lack of faith in here. Can’t remeber details ? Six games to go, Rangers few points ahead?
It’s my post with a title from Winnie the Pooh, author A. A. Milne.: A little Consideration, a little Thought for Others (Celtic), makes all the difference.
“It is more fun to talk with someone who doesn’t use long, difficult words but rather short, easy words like “What about lunch?”
As you all know, I’m a foreigner who doesn’t have an easy comfort when it comes to expressing his own opinion. Sometimes I need a dictionary to check the meanings of the words that stand in your posts. Some posts are very easy to understand, some are not. Things become more difficult when I myself try to say what I exactly want to say. These days, before the derby game I understand everything very well. It’s all about the win against THEM.
“My spelling is Wobbly. It’s good spelling but it Wobbles, and the letters get in the wrong places”.
You never blame me (Zbyszek) here for being the Wobbly-man. I’m not Wobbly-man but rather WobblyWobbly-man. Not only the letters get in the wrong places, but my words get in the wrong places too.
Gordon Strachan is Wobble manager this season. He tried very hard to do his best, but this season turned to be different one. Right, he was Wobbly with a players selection, with players positions and with the tactics.
“Always watch where you are going. Otherwise, you may step on a piece of the Forest that was left out by mistake”.
I would not blame Strachan. He achieved a lot in my opinion. You cannot blame somebody who got to the top and couldn’t defend his top position. All people at Celtic including Mr. Strachan and Mr. Lawwell should think about mistakes they made. No doubt, mistakes were made. They should start again their job from the place they are now. You always may have worse manager. The bright side is that clever people can analyze their mistakes. I’m sure next season Gordon Strachan will be much stronger and much better manager.
“I don’t see much sense in that,” said Rabbit. “No,” said Pooh humbly, “there isn’t. But there was going to be when I began it. It’s just that something happened to it along the way.”
When my Legia won the title two years ago I thought we will be the Champions until the end of the world.
I couldn’t believe it could be true what one of the experts said: “They won’t be the champions next season. It’s almost impossible to be the champion again, year after year, two in a row.”
Those who are disappointed with the current season, should check CQN archive. I remember what you were telling some time back. I well remember your wishes. Were these wishes not – Celtic playing in the Champions League? Yes, these were your wishes, but were only your wishes and nothing more!
“If ever there is tomorrow when we’re not together.. there is something you must always remember. you are braver than you believe, stronger than you seem, and smarter than you think. but the most important thing is, even if we’re apart.. i’ll always be with you.”
Some time ago I said that you have too many players who don’t know the club they are playing for. Celtic cannot be the bazaar.
When after the game against Barcelona I met Maciej, my friend from Poland he said: Celtic have few good players, but they have more average players. Why the he** they pay such big money for some transfers and then pay wages to average players? They have too many expensive, average players. I’m not the expert, but I thought Maciej was right.
It’s always sense to stand behind the manager and the players until the end of the season. Even if these are the last days at Celtic for some people, I would support them until the end. They are Celtic players until they wear the hoops.
“If the person you are talking to doesn’t appear to be listening, be patient. It may simply be that he has a small piece of fluff in his ear.”
No matter if it was two thousand years ago, or maybe yesterday – people come to truth when they respect facts. At the end of the day, it doesn’t matter who is right but where the truth lies. Truth will be known only in May. We will see who will be on the top of the table.
“You can’t help respecting anybody who can spell TUESDAY, even if he doesn’t spell it right; but spelling isn’t everything. There are days when spelling Tuesday simply doesn’t count.”
No need to be the Celt, the Irish or the Catholic to be Celtic FC supporter. I remember nice welcome I took from here about three years ago. I think, I was the only person on the blog who needed some time to think how to write TUESDAY word properly? I may forget how to spell TWESDY, but I remember how to spell correctly CHAMPIONS. I will spell it correctly again in my happy May post.
“You can’t always sit in your corner of the forest and wait for people to come to you… you have to go to them sometimes.”
No doubt, that this blog and Celtic help to understand what people think in the other place of this world. They both help to change the way of thinking and to become more intelligent fan.
“Piglet sidled up to Pooh from behind. “Pooh,” he whispered.
“Yes, Piglet?”
“Nothing,” said Piglet, taking Pooh’s paw, “I just wanted to be sure of you.””
Things have changed at my club Legia. We have a conflict: our fans against the owners of the club. No chance to see big support at my stadium these days. I don’t want to say – you, Celtic, don’t shout enough loud when the game goes on. What I want to say is – I would like to hear huge noise from first until the last second of the game, no whistling fans, no empty chairs! These eleven man want to be sure of you. No matter how the man starts, it matters how he finishes. I really believe the league is not finished. Keep winning – this team, the rest will come. My fingers will be crossed.
“It’s so much more friendly with two”.
My Legia have no chance to be a champion this year, but I have another club I follow.
“People who don’t Think probably don’t have Brains; rather, they have gray fluff that’s blown into their heads by mistake”.
What does this word “Think” mean? Where happens this – THINKING?
As I said, my Legia are many points behind Wisla. Today we played cup game against Wisla in Crakow. Our couch thought we had no chance to go through to the next round. He decided to concentrate on the second place in the league. Our second, young squad played against Wisla … and won 1:0. We are still in a game for Cup. Sensational result there in Cracow! Could I believe that was going to happen three hours ago? I have fluff in my had. Fluff and bones.
Now, I tell you, it’s easier to believe that Celtic will be the Champion.
“The more he looked inside the more Piglet wasn’t there”.
In May, Rangers will be looking for something which was close, but disappeared.
All quotations are from “Winnie the Pooh”.
This sense of entitlement they have is staggering, they have been lying and cheating for that long, they they truly believe their own warped nonsense.
Bitter and twisted to the core, morality bypassed by stupidity in abundance.
I watch the antics of these people….and they are completely lost, bereft of humanity, vile haters of anything good or decent.
I can only hope to see the demise of these people, because they are dragging this country down with them….but, if justice prevails like it should in due course, i will celebrate like never before, and when that day comes, i will raise a glass to the victory of the Famous Glasgow Celtic.
I love you all….Hail Hail
I know lots have talked on here about the whole situation with them being about more than just the football team but needing root and branch clear out of MSM, SFA etc.
I actually think the removal of Jim Traynor, the very public breakdowns of Chick Young and the rise of the likes of Jim Spence might be evidence that this is partly underway.
You could suggest that bringing in Jingle Jangle keeps things as they were but he’s just a parrot, and an obvious one at that. He’s nowhere near as underhand as Traynor was.
Tom English I think will just tie his colors to whatever mast looks like the most seaworthy, but at least he seems to have grasped that even if a Rangers gets back into the top league there has been a complete and irreversible shift in financial power.
I don’t know who writes for the tabloids these days (Jackson aside) nor do I care. They will do what they always do, which is try and goad fans from all sides.
Classic Mr Z. inspiring then and just as much now. We are honoured that you are a Celtic supporter. We should welcome their grandchildren too : )
#Fearless Wee Oscar is on a Celticrollercoaster 08:00
Hoopy Birthday to Caityrollercoaster, have a great day, Dad and Mum will spoil you today…well that’s what your Dad told me…:)
Cowiebhoy:
Let you know what’s happenning when Mrs. LB gets’s out her Bed, which will not be soon.
Keep the Faith!
Hail Hail!
Mornin
Just can’t believe their inability to think things through.Looks like every possibility next phase could include AIM suspending any dealings in PLC to help stabilise the situation.
Big Nan signed up , good initiative.
http://www.scottish.parliament.uk/GettingInvolved/Petitions/judgesmasonregister
Zbyszek.
I noticed a pic appeared on my fb with you and warsawbhoy.
Gloom and doom looking and that was just me..
Hope you and the girls are well.
Talkybhoy. Condolences sorry to hear of your loss YNWA
Good luck Celticrollercoastet over the next few years.
bt
Cancelled fb long time back. Can’t see it. Must head out to meet emusonorphen and his Controll Body.
Morning,
I said the other day the Spivs were not stupid. They will be well gone come the AGM and everyone realises the cupboard is bare. They will still own the family silver right enough.
Walking away with £300000 lol!
One of the main reasons why sevco now find themselves up the same creek, sans paddle, as the oldco is that the scribblers failed at the first hurdle to properly investigate and report on the financial shenanigans going on behind the crumbling facade.
They acted this way because:
As supporters it was inconceivable that an ‘establishment’ club would sully itself in corrupt practice’s for short term financial gain.
Or
As journalists they had ‘crossed the line’ after one European trip too many and saw themselves as part of the club, ‘the in crowd’. They were above the ordinary fan ( the man who lives in the shadow of the temple mocks the gods, Confucius).
Or
They benefitted, directly or indirectly, from their association with SDM, CW, CG etc.
Or
They were threatened by more senior colleagues, either toe the line or face getting flung out of the fishbowl
Or
They’re thick
Or
They’re clinging to the wreckage of a cardboard empire
Feel free to add your own suggestions
Meanwhile CW’s back in time for Hallowe’en!!!!!
67,
What does the lates payout do for the figures, oh and an estimate for the courtcase might show this months £1M is already up but if you could inform us in your own inimtable way I’d enjoy that :o)
From Twitter
@OHenleyAlex: @celticfc winger Derk Boerrigter out of next Tuesday’s Champions League match against @AFCAjax with an ankle injury.
Boo
HH
I just emailed my complaint to:
ewan.angus@bbc.co.uk
Ewan Angus,
Head of Sport,
BBC Radio Scotland,
40 Pacific Quay,
Glasgow, G51 1DA
Derk has glass ankles and a glass heart…
He is a worry for me already..
:oD)))))
@jamesdoleman: Craig Mather explains £300k payoff, “that’s all that was left” he tells reporters
‘crushed nuts?’ ‘Naw, Layringitis!’
09:15 on
17 October, 2013
The other reason is that is and has been a business story from the outset and without being to harsh, most sports journalists don’t have the capacity to understand it.
Whereas the internet bampots either do or have easy access to people who do.
Not only that but you have a fan base generally susceptible to the press and not prone to question the board. Had the story even been covered in the business pages, they wouldn’t have read them or would simply ignored them as they weren’t by ‘football people’.
If ever you read their boards, on the few occasions somebody speaks some sense they’re either criticised as a TIMposter, or if it’s a clear old hand they’re lambasted by one side of the fans divide. So it’s completely unclear for the average fan, who is actually telling the truth. Even then, those that highlight that eg having on £1M left next April is a bot of a problem have blind optimism that money will come in.
It’s not just their board that’s eating itself inside out. It’s the fans. If they ever did go totally bust. It wouldn’t be one equivalent of FC United of Manchester. It’s be several racing against each other to get big enough to take over Ibrox.