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Statement leaves Newco exposed

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By on CQN BLOG & Comments

Newco’s statement on their management team is worthy of some consideration:

“At a meeting with the management team’s representative earlier this week the Club were advised that Mr Warburton, Mr Weir and Mr McParland wished to resign their positions and leave the Club on condition that Rangers agreed to waive its rights to substantial compensation.”

A meeting with a representative of the management team, not with the manager, and not a resignation letter.

The club went on: “The Board urgently convened to consider the offer made on behalf of the management team and its ramifications and agreed to accept it and release the trio from the burden of compensation”.

If you agree to the terms of an offer made on behalf of someone, you really, really, need to get the signature of the individuals concerned. If you fail to get an agreement signed, you don’t have an agreement. If you don’t even appear to have a verbal agreement with your members of staff, you get on with your work as though nothing has happened.

They’d better hope Warburton, Weir and McParland get another job quickly, otherwise I predict another raft of court cases to be paid for.  This is a statement which suggests the authors have left themselves exposed.

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  1. VFR800 is now a Monster 821 on

    WINNING CAPTAINS on 10TH FEBRUARY 2017 11:21 PM

     

    Celtic must now make moves to sell tickets directly to their fans for the game in March or risk losing 8000 x £49.

     

     

    —————————————–

     

     

    That will bring Administration closer. Sevco would have been banking (sic) on that for cash-flow. Celtic would have been stiffed anyway – at least until Season Ticket money was coming in.

     

     

     

    KTF

  4. ernie lynch on

    GERRYFAETHEBRIG on 10TH FEBRUARY 2017 11:18 PM

     

     

    Because the sequence of events narrated in the statement looks more like sackings than resignations.

     

     

    The difference is somewhere between £1m and £2m of additional, unnecessary costs, by the time you add everything in.

     

     

    They seem to be in self destruct mode.

     

     

    It’s like the lunatics have taken over the asylum.

  8. Gerryfaethebrig on

    WC 11.21

     

     

    Why not tell Sevco no money up front, no tickets…….. Sir Dodgy Dave the first banned Celtic fans, put the ball in Sevcos court, “your fans are allowed in but pay up front” none of that South African provi stuff………that will get SkySevco showing more adverts, like the refs embarrass the lot of them into the truth, their secrets will no longer be hidden…embarrass their hatred, embarrass their bigotry…….in fact they actually embarrass themselves as it is !

  9. ItaliaBhoy on

    Warburton’s been stitched up I think.

     

     

    Sevco using supposed “rumour” of him angling for the Forrest job to bullet him without compo.

     

     

    As Paul67 says, the legals of this are highly questionable to say the least. The statement has Jabba’s paws all over it… and I notice it was taken down pretty quickly (after a lawyer saw it?)

     

     

    If the rumours of a cashflow crisis are true then they might just have wanted him out the door.

  10. VFR800 is now a Monster 821 on

    !!BADA BING!! on 10TH FEBRUARY 2017 11:26 PM

     

     

    Th problem is now that after RES12 everything will be forensically examined as it happens. No chance of any shenanigans this time!

     

     

     

    KTF

  12. ernie lynch on

    ITALIABHOY on 10TH FEBRUARY 2017 11:28 PM

     

     

     

    Inquiring about, or negotiating over, the terms of a possible resignation does not amount to an offer to resign.

  14. fieldofdrams on

    Daily Record website in full revisionist mode already. Ho hum. It’s fun to watch, but the team currently playing out of Ibrox (not for much longer!) is irrelevant to Celtic. Good times.

  16. Gerryfaethebrig on

    Ernie 11.26pm

     

     

    Fair play, I listen to SSB and the usual Scottish press, but even I smelt a rat (rhat) this week, when the patter turned too, Warbo doesn’t understand, doesn’t know the club….. blah, blah, blah

     

     

    Oldco/newco means no difference to me as I grew up and live side by side by the same supporters (some are actually brand new :-) and for every bad thing that happens to that “institution” it’s never bad enough :-)

  19. !!Bada Bing!! on

    BIG-CUP-WINNERS on 10th February 2017 11:23 pm

     

     

    Here’s the rule amendment put in place 2015:

     

     

     

     

     

     

    Clubs suffering an insolvency event will have a fixed 15 point penalty with a further five points taken from their total for the very next season.

     

    For every club…* except wans in Govan…

  20. A Ceiler Gonof Rust on

    Haud oan a minute.

     

     

    They told us they were going for 55.

     

     

    They told us they hud the battle fever on.

     

     

    They told us to be afraid.

     

     

     

    I feel I’ve been conned……………..:_)

     

     

     

    The sooner this shambles a sectarian class dies and is wiped from our country the better.

     

     

    Funny doesn’t begin t describe their shambolic existence.

  23. GreeninbingleyinOslo on

    GEAROID1998 on 10TH FEBRUARY 2017 11:30 PM

     

     

     

    AhhhhHAHAHAHAHA!

     

     

    Oh my God, I’m loving this.

  25. macjay1 for Neil Lennon on

    VFR800 IS NOW A MONSTER 821 on 10TH FEBRUARY 2017 11:24 PM

     

    WINNING CAPTAINS on 10TH FEBRUARY 2017 11:21 PM

     

     

    Celtic must now make moves to sell tickets directly to their fans for the game in March or risk losing 8000 x £49.

     

     

     

    —————————————–

     

     

     

    That will bring Administration closer. Sevco would have been banking (sic) on that for cash-flow. Celtic would have been stiffed anyway – at least until Season Ticket money was coming in.

     

     

     

     

    KTF

     

    ======================================================================

     

     

    Thinking ahead.

     

    Love it.

     

     

    I just wonder if we would sell the 8,000 .

     

     

    And perhaps insist on a prepayment for the bogs.

  27. thetimreaper on

    What a time to be a Celtic fan, I wouldn’t swap Brendan for anyone in the world, everyone of those boys on the pitch, i love them all especially KT, already possibly my favourite ever player, everything you could dream of in a Celtic player. And harmony on CQN. Bless.

  29. A Ceiler Gonof Rust on

    Sipsini, naw. Let them die. They pished in my pram.

     

     

    My maw will love it when she see’s ibrox flattened.

     

     

     

    Bulldoze the shitpit and give them nowhere t worship. Flatten it.

  30. Thindimebhoy on

    Just tuned in kinda

     

     

    I think I have got this story so far

     

     

    So sevco wanted to give their coaching team away for nowt and the magic hat plus support act agreed then disagreed when they realised they might be a few quid down on the deal

     

     

    Now the sevco hierarchy are well miffed knowing they still have a 1 million pound pay off on the books

     

     

    Could tip them over the edge

     

     

    Developing story………

     

     

    Keep the jelly and ice cream close by they could be bust again by the time you wake up in the morning csc

  33. TheOriginalSadiesBhoy on

    PRAECEPTA on 10TH FEBRUARY 2017 11:04 PM

     

    Tomorrow’s headlines:

     

     

    Glib to swoop for the Coach of A.C. Milanda as a direct replacement for the Bread Man!

     

     

    Insider reports the deal is definitely wrapped up!

     

    …………………………

     

     

    Did you hear that from an Outsider?

  34. Gerryfaethebrig on

    Starry Plough 11.38pm

     

     

    Mrs & MissGFTB are both snoring, am in a quandary to do I pour another wee shandy and type shoite on CQN or should I hit my kip for work the morra (8am-12pm) which isn’t even half a shift

     

     

    The Huns old or new are a shambles, we live in good times……and I will reiterate I have never known Celtic fans who not one has a bad word to say about BR

  38. The Green Man says SACK THE Board on

    Surely it cant be long now till they are consigned to the dustbin of history, like their ancestors.

     

    Bulldozers are the only solution:)

     

    The retail value of that patch is worth way more than they are.

     

    Car Park, Superstore, Chippy.

     

    End of.

     

     

    HH

  42. ItaliaBhoy on

    Thread on Rangers Media (posted here earlier, on previous thread) talking about administration.

     

     

    How likely is this? Given their debt is to their shareholders would one of them not actually have to pull the trigger on admin?

     

     

    Or is the club just going to run out of cash?

     

     

    Or is this a deliberate ploy to break free of MASH?

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