Companies House published the long overdue Annual Return for The Rangers Football Club Ltd (previously Sevco Scotland Ltd) today. Although only received by Companies House yesterday (12 Sep 13) it was dated 29th May 2013, however, the submission was incomplete.
A company is required to detail all their shareholders since their previous Annual Return (or as in this instance, since formation). Companies House say the Annual Return must detail “the name of every shareholder (or joint-shareholders) who has ceased to be a shareholder since the made-up date of the previous annual return (or in the case of a first return, since the incorporation of the company)”.
The only shareholder detailed on this Annual Return is Rangers International Football Club PLC (RIFC PLC). RIFC PLC was not formed until 16 November 2012, nearly four months after Sevco Scotland Ltd was formed, so could not have been a founding shareholder.
And there’s more…….
The Rangers Football Club Ltd issued a Statement of Capital to Companies House, dated 31 October 2012, showing the same number of shares in issue as this Annual Return (33,415,200), some two weeks before Rangers International was formed. The Statement of Capital was submitted by Caroline Nicholls of Field Fisher Waterhouse LLP, who should be in a position to assist the directors.
I’d never really given any consideration to who owned Sevco Scotland Ltd prior to the shares being consumed by Rangers International, but this omission is curious. The story will move on now with auditors Deloittes taking centre stage. They have plenty on their plate prior to signing off the PLC’s accounts so may be happy to turn a blind eye to the reporting requirements of a subsidiary company. Companies House already have an active issue over submissions for Sevco 5088 Ltd, it remains to be seen whether this one passes below the radar.
This is all so unnecessary as I am sure the correct information would be perfectly appropriate and in good order.
Can you imagine what we would be doing if our ‘club’ was being run in this manner? This story is being played out while all those who should be asking questions are being distracted by a player betting against his own club!
In the grand scheme of things it doesn’t matter if Ian Black hedges against himself, or what embarrassingly light punishment he receives. The real story is so much bigger, it is being written in large type, visible from the moon landings, but the football authorities appear happy to stand back and let events take their course.
No looks of surprise next time around – from anyone.
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LIKY’S GRANDPA
HAPPY BIRTHDAY,PAL!!!!!!
Just sitting down for the first of the day,raised to your good self
Hail,and as we say,hail…
All this talk of a moon landing has reminded me of a tea-time quiz show (for eejits), on Italian TV sometime last year.
Quizmaster – “Who was the second astronaut to walk on the moon in 1969: was it:
A – Phil Collins;
B – Louis Armstrong;
C – Buzz Aldrin.
(Female) contestant – “Eh…. Louis Armstrong?”
Quizmaster (trying not to laugh) – “Oh hard luck – it was…..”
Nearly wet maself!
HH!!
So..
Somebuddy Said..
We kin expect Pukki. tae be in the Line-up, agin the Hearts.
This Is great News.. fur.. this Kid . .Is an Exciting Prospect.
He kin run Like a Linty.. and he His Fair-Hair!
Right Away. Kojo Luvs the Guy.
This is whit we hiv bin Lacking…in oor Team
We need somewan who Stauns oot fae the Pack.
Doncha Remember… Neil.. When he hid the Fair Haired.. Look?
Well.. Ah dae.. and
Neil, loasta loat o his Razz a Matazz…when he eschewed his Peroxide Boattle..
and returned tae the Hum-Drum.
Yep..
Celtic,,sure could use a Blond Bombshell..~~
and it looks like we hiv Goat wan.. Agin..
Ah expect Pukki, tae mak us forget.. Hoops..in a Hurry.
Kojo
Still.. Laughin’
NatKnow
:) And his surname sounds like some kind of over-the-counter pain killer…
Forrest will not travel to Milan, Biton will meet us there. Lustig is fit. Ledley has an ongoing hip problem but will travel today. NL
Mickbhoy
Probably listening to radio commentary, whilst struggling to feed and clothe their wean’s?
Tom McLaughlin,
Very happy to hear that you are in recovery mode, loved the story about Jack Irvine in the next bed, when I have the privilege of going to the pub in Perth for my $12 phoney pint, I always feel that I might be just a spilled drink away from a barney breaking out, I suppose that’s what happens if you have to pay 12 bucks for an Aussie pint!
Cannaehaudtheirdrink CSC
How can a manager (even a useless one) possibly condone a player betting? Isn’t that bringing the game into disrepute?
At the very least he should be condemning the player for getting himself suspended.
Why’s wee JF not travelling??
Afternoon Timland, warm and hun free in the mountain valley.
One of the Murray Group companies was Rangers Football Club plc (“RFC”),whose financial stability was known to be threatened by (among other things) tax debts,or at least claimed tax debts. As is well known, RFC collapsed into administration in March 2012, followed by liquidation in October 2012. It has been re-named RFC 2012plc.
The greater part of its business, and with it most of its assets, were purchased from the administrators in June 2012 by Sevco Scotland Ltd, which has since been re-named The Rangers Football Club Ltd. Although the professional football team known as Rangers had played in the Scottish Premier League until 2012, the collapse led to the ejection of the team from that league, and a team known as Rangers now plays in the Scottish Third Division
http://www.bailii.org/uk/cases/UKUT/TCC/2013/B6.pdf
………………………….
Good luck with your recovery Tom
HH
Sash flow problems.
BMCUW 13.24
HaHa, there’s just no come back from that !!! class.
lilys
Gordon_J backing Neil Lennon
13:32 on 13 September, 2013
How can a manager (even a useless one) possibly condone a player betting? Isn’t that bringing the game into disrepute?
At the very least he should be condemning the player for getting himself suspended.
……………………………………………………………………………………………
nah, you’ve got it wrang…swally’ll condemn him fur getting caught!!
The weekend starts here. Courtesy of FF:
“They have done it, they have killed our club
I am financial journalist [try the indefinite article – short and easy to use] and I now believe that the club is done.
The spivs will rape what is left and dance on our grave.
We have to boycott to stop giving them cash if we are going to try to hurt them. Sadly it will also hurt RFC.
Strand Hanson were evidently the unseen trump card. I am not sure if the markets will listen to an appeal against Strand Hanson’s position? Will try to find out.
This is tragic as McColl and co evidently want to help out but cannot throw good money into the pockets of the spivs.
Sadly, next time round, I think we will be unable to defend our history [haven’t read Judge Colin Bishopp, have you Sammy?] and we will have no Ibrox and no Murray Park as these b******s will sell them.
I really am in despair right now, That’s rare for me.”
——
“this is now getting close to the end of the con; the total dismantling of the Club.
I feel dreadful.” [Dreadful you say……………..gooooooooood]
——
“Anyone suggesting phoenix clubs and the like can p*** right off.
It’s a 141 year-old institution and no other club would replace that. If the club were to die-die, I wouldn’t even bother watching football. It’d be over for me.”
——
“Funny thing is I have had it in the back of my mind that the only way we could get these club raping b******s off our backs was to let the club die and start a new club owned by the support, an FC United of Manchester type model I guess. That said I didn’t think it would ever come to that but it may well be the case. I dunno, I’m not an expert but I’m feeling very negative about the future of the club right now.” [Marvellous]
“Sorry mate, but that would not be Rangers and I would have nothing to do with that.” [Not been taking anything to do with Sevco then? Just liquidate the holding company while the club nestles in the incubator.]
SniffinGlueCSC
mickbhoy1888
13:19 on 13 September, 2013
Where were all those poor Celtic supporters who want to sample champions league football when Elfsborg and Cliftonville came calling ?
—-
My wife and I were at both matches but we can’t afford SBs so won’t be able to attend any other matches.
.
Tom..
Just got in..Great News you are Home..
Will drop you a text.. Take care..
001Bhoy
In a statement released to Press Association
Sport, a spokesman for the requisitioners said:
“We embarked on this exercise seven weeks
ago at the request of shareholders speaking
for 28 per cent of the club’s shares.
“They had concerns over a lack of corporate
governance and financial transparency at the
club and they wanted those issues addressed
by the appointment of Paul Murray and Frank
Blin to the board and the removal of Craig
Mather, Brian Stockbridge and Bryan Smart.
“Two significant events have occurred since we
started this process. Firstly, Walter Smith
resigned as chairman and secondly, the board
informed us that the Easdale family had
secured control over a significant minority of
the club’s shares.
“As a result we came to the conclusion that
the best way to secure a stable board and
avoid further shareholder challenges was to
negotiate a compromise with the board.
“We have engaged in compromise discussions
for the last three weeks. A key element of any
compromise was that we could not give any
guarantees to the current board members. It is
democratic and fair that all directors, existing
and new, will have to offer themselves up for a
re-election vote at the AGM in October.
“On this basis we agreed a compromise
agreement with the board but on Monday
evening they informed us that the Nomad,
Strand Hanson, were refusing to approve it.
Despite repeated attempts by us, Strand
Hanson have refused to engage with us to
explain the reasons for their stance.
“With compromise impossible we have
continued discussions over the last few days
with a view to combining the AGM and the
GM. These discussions broke down on
Wednesday when the board refused to agree to
our request that no further board members
could be appointed in the run-up to the AGM.
Without this protection Paul Murray and Frank
Blin would have been uncertain as to what
board they might be joining. As a
consequence, Frank Blin will not seek election
to the board and will have no further
involvement.
“In addition, the board informed us yesterday
that Strand Hanson were not prepared to
support Paul Murray’s election to the board at
the AGM. Yet again they have refused to
engage with us to explain their reasons.
“On the basis of the constantly changing
circumstances and the lack of consistency in
people’s positions we have therefore decided
to withdraw the requisition. We have done this
on the condition that the AGM is held no later
than 31 October.
“We now believe that the AGM will provide the
platform for the shareholders to decide who
should lead the club. All the directors will
have to offer themselves for re-election and we
would encourage all shareholders to vote and
show whether they have confidence in the
current board or not.”
Press Association Sport contacted Strand
Hanson but were told no-one was available
for comment.
The company was appointed by Rangers on
July 9, replacing Cenkos Securities, on the
same day as former chairman Malcolm Murray
and Phil Cartmell left the board and James
Easdale was appointed.
Soukous
Re Wag The Dog
Got my middle boy (22) to watch that a few months ago.
He had never heard of it.
He couldnt believe how similar modern news reportage is to that movie.
It really opened his eyes
And it’s only chaired by Judge Bishop….Oh dear, their heeds will be bursting >}
HH
Any Celtic supporter (alleged) who attempts to profit from selling his / her allocation of CL tickets is deserving of an old fashioned ‘dam good public birching’. Not acceptable in any way to attempt to profit from fellow Tims, only our illustrious PLC can do that. If you can’t go to the games pass on the tickets at face value to another Tim otherwise you’re a total d**k of the 1st order.
bournesouprecipe
12:56 on 13 September, 2013
One small punch for man.
______________________________
Wow, what a punch that was btw. I don’t condone violence at all and the young man was going about it all the wrong way though.
God warns about taking oaths and swearing on things.
Matthew 5:33-37
33 Again, ye have heard that it hath been said by them of old time, Thou shalt not forswear thyself, but shalt perform unto the Lord thine oaths:
34 But I say unto you, Swear not at all; neither by heaven; for it is God’s throne:
35 Nor by the earth; for it is his footstool: neither by Jerusalem; for it is the city of the great King.
36 Neither shalt thou swear by thy head, because thou canst not make one hair white or black.
37 But let your communication be, Yea, yea; Nay, nay: for whatsoever is more than these cometh of evil.
Says a lot about so many things the above verses so they do, but that is because it is Supernatural.
“Forrest will not travel to Milan”.
Good news. Means we will actually have 11 players on the pitch, instead of the usual 10 with passenger.
And yes, of course I cheered when he scored against Karagandy.
Just got my new season card in two weeks since i applied for it ,second time round..too late for champions league tickets though..gutted is an understatement called the ticket office earlier and young girl kept telling me they were sold out…i you dont say..ticket office told me i should have came in last week even though it wasnt fully processed yet and i would have got one..aaaaaŕrrrggggg!!!!!
THE EXILED TIM
13:49 on
13 September, 2013
And it’s only chaired by Judge Bishop….Oh dear, their heeds will be bursting >}
——
I believe the alternative would have been Lord Pentland (Paul Benedict Cullen). Between a rock and a hard place, eh?
FFM
Since you are on just now can I respond to your comments during the night.
I take no offence to your accusation that I was aiming at the wrong targets on CQN yesterday. Those were just the people who had pissed me off and I aimed at them. I do not consider KevJ’s mince to be in any way important, in the grand scheme of things, but I still consider it detrimental to the well being of this blog, as those are two separate issues.
For the avoidance of doubt, my reference to Planet Tinfoil, was strictly for TSD and his wild right wing sites. You and petec know that I do not have any fondness for most, and I mean most not all, conspiracy theories.
I take a sceptical view of most things but not a cynical one. I believe that there are bad people out to get us and that some of them even organise into groups but I do not ascribe to secret lizard people, alien abductions, New World Order (its mostly the age old order of the rich and powerful), Zionist World Rule (that red herring has a dubious provenance), or Millennial Last Day on Earth thinking.
Most of the bad things that happen are, I believe, a combination of bad people on all sides and cock ups. That said, I know you were disappointed that I used the term moonhowlers to describe the more anarchic ramblings of the night shift but I do not mean to tar all of them with the same brush or even to diminish their contribution per se. I do not share a fondness nor indeed, a great interest in many of the topics discussed there but I respect your right to have your own targets.
Finally, in the spirit of appreciating the criticism, I do accept that I can become distracted by lesser matters. I will return to the more important consideration of where our club is going and how it is handling itself in this corrupt atmosphere again in the future but I cannot promise that I will not be distracted again on to lesser topics as the mood takes me.
………BREAKING NEWS …………
Penny starting to drop on deadcomedia the end game is coming into play its nearly game over
HH
Off oot .—– to
Milan .
San Siro tomorrow night for Inter /Juve .
then San Siro on Wednesday night for Celtic !
mickbhoy1888
Or maybe they got ripped of by one of Glasgow’s Finest thieving cab drivers and couldn’t afford to buy a ticket ?
Bobby Does it Petta
Well.. Ye dinna cotton tae.. wee Jamsie?
Hmmm
Well.
Ah Dae,and If he diznae Play in Italy.. we wull Miss Him…
Jamesie,is wan a Ma Fair Haired Laddies..
Ah jist Luv the wee Fella.. When He Sparkles.. We Sparkle.
Sure,He Is Going Thru Hard times,tae Noo..
But.. These Hard Times are being brought oan..
No because of His Lack of Worth… Na..
They are ,strictly doon tae.. Physical Pain, which ..as Anybuddy wid Know.. who hiz suffered some.
Is No Nice.. tae Hiv.
Jamesie, wull get over this Set Back..and
He…Ah am Soiten, wull Soon Make Ye a Believer in Him.
Kojo
Still, Laughin’
bournesouprecipe
13:21 on 13 September, 2013
From the official Celtic Website last night under 18′s …..Celtic 2 Rangers 1 headline is a lot more significant than the scoreline?
====
As most of us suspected seems as if Celtic PLC will willingly join in the ‘their no deid’ charade.
Really dissapointing
No Bobby Does it Petta
I don’t agree.
I am sorry that we do not have the potent weapon of a fit James Forrest to play in Milan.
I am at odds with general Celtic fan opinion in stating that James Forrest and Fraser Forster, our two most recently heavily criticised players, are two of our most talented players and will fetch the largest transfer bids in future transfer windows. I have heard nothing but praise from opposition coaches, guys actually employed in football, about the threat from wee James.
I hope he gets back to full fitness and kicks on to achieve all his frightening potential.
Kojo… it’s growin’ pains…
Jeeso when are we and the rest of scottish football going to grasp the fact that they can , and are doing what they like . I am surprised at celtic fc ,s lack of fight , as we stand having more to lose when they return . As i have stated just being back in the scottish top flight is no use to them , they have to be in the champions league , so we know whats coming . Peter lawell in the mix is also a concern to me . Make no mistake mother theresa , martin luther king . And nelson mandella . Joining the governence of scottish football Wouldnt stop what going on . We fans are playing a fruit machine trying to hit the 3 bells jackpot , with only two bells on the machine , i have had enough , till the corruption is fixed.
Sftb.. i exercise freedom of opinion and beg to differ on FF.
We’re going down the pub
We’re going down the pub
sham67
TSOL
So am a….aff to the tav…
Kikinthenakas
scottishleaf 13.27, – paper tickets are issued for CL games due to UEFAs insistence that the advertisers’ logos appear on all tickets otherwise we would be able to use our team cards.
Monaghan1900
That would have given them palpitations alright, Oh the sweet irony of it all >}
I am currently browsing over on ff, reality has sunk in for them, too late again, Oh well…better luck next time, how thick are they, they will get taken in the next time, and the time after.
HH