Despite Walter Smith urging “Rangers fans to get fully behind the resolutions which last week were presented to the Board and shareholders”, which include sacking chief executive, Craig Mather, he added, “Craig Mather, as I have said before is doing a good job. It is unfortunate that this has happened but when change does come I hope he’ll be allowed to continue the job he has started”.
Smith is clearly close to, but not in tandem with, those who requested an Emergency General Meeting.
As well as support for the chief exec, on the manager, Smith says, “As for Alistair McCoist, it is important that we all appreciate that no other Rangers manager has had to work with poorer or more trying circumstances. It is my fervent hope that when the dust settles and Rangers have a clearer path and future he is given the chance to manage under conditions similar to those which were afforded his predecessors.”
Here we get to the crux of the problem. Rangers International face enormous financial challenges. With a half decent football manager, they would be able to win promotion from the third tier of Scottish football with a football budget of around £1m, or several times that of their nearest rivals. If, as the Herald suggested this week, there is not enough money to finish the season, the most immediate responsibility of the directors is to cut costs accordingly.
Cutting costs is not the reason anyone gets into football, and it is certainly not what Walter Smith knew in his time at the Rangers group of clubs, but at times it is absolutely necessary. The non-executive directors of Rangers International would serve their fans interests best by telling this unpalatable truth.
Failure to do this will pale in comparison to some other potential consequences. In setting his stall behind McCoist, Mather’s team building exercise and the EGM protagonists, Smith has almost ensured collapse if those demanding change cannot command the support of 51% of shareholders. To succeed, Paul Murray will need to demonstrate the leadership and deal management skills which were lacking a year ago.
Meanwhile, John Brown’s warning about Green turning Ibrox to dust hangs over the place, a bit like dust.
There is one overarching concern, however. Green is critical to fending off any impending action by Craig Whyte. His evidence will be necessary to explain how Sevco Scotland Ltd assumed the irrevocable entitlement of Sevco 5088 Ltd. Even with Green on-side, this looks like a challenge, but if the main protagonists in this action are separated from those who will have to defend any action, you suspect Whyte will be enormously encouraged.
When Whyte believed he was double-crossed he went nuclear. All Green would need to do is corroborate a sliver of Whyte’s evidence to bring Whyte’s legal challenge into sharp focus. For this reason, Green has to be part of the picture going forward. Demonising him is tempting, and may be deserved, but it’s self-defeating – and these people know all about self-defeating.
Section 111
Two weeks ago I said “place your bets” on what would happen after Celtic issued their “final warning” over a number ongoing issues in section 111. No one was in control of the situation, not Celtic, and not members the Green Brigade, who I believe had nothing to do with several of the issues.
Since then I’ve watched the debate. Some, like Phil Mac Giolla Bhain, attempted to inform on the debate, interviewing handicapped supporters and independent safety experts. Anticipating this day would come, I thought about interviewing the Council, but decided against, not wanting to draw them into making a public stance they would be unable to back down from.
Yesterday felt as inevitable as what’s going to happen next in Govan. Can the situation be rescued? Of course. Will it? Place your bets, people…
I’m not a regular newspaper buyer but the front page of one of today’s is a keeper. Celtic have a lateral movement issue, which dominates the front page, when the utter implosion at Ibrox is relegated to a side column. It’s a testament to our age. We will survive. I can’t say that with any certainty about the other lot.
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Jim McColl has revealed he is not looking to lead a Rangers takeover.
But the wealthy Scottish businessman confirmed he was putting his weight behind calls for boardroom change in his capacity as a Rangers shareholder.
Engineering tycoon McColl, whose personal wealth was estimated at £1billion in last year’s Sunday Times Rich List, backed outgoing chairman Walter Smith’s calls for fans to get behind formal moves to install Paul Murray and Frank Blin on to the board.
In a statement issued to Press Association Sport, the Clyde Blowers chairman and chief executive said: “Let me make it very clear, I am not seeking to join the board or to increase my shareholding in the club.
“I am a small shareholder like many of the club’s fans and have no intention of increasing my position in the short to medium term.
“I am 100 per cent focused on my own businesses and the strategy which I have agreed with the investors in my funds. I am duty bound to honour that agreement.
“This is not because I don’t believe investing in Rangers would be a good investment, it is because of the commitment I have made to my own businesses and to my partners.
“On the contrary, I believe that with a strong reconstructed, effective and highly competent board to restore financial transparency, stability and success to the club, it is a very attractive investment opportunity.
“This requisition for change is not about any one person or group of people trying to gain a controlling position, this is a demand for change by some very concerned investors, fans and other stakeholders.
“Things have to change to allow the club to move forward with ambition and confidence.
“The board needs to be constructed to reflect balance, independence and experience to operate in the best long-term interests of the club, fans and shareholders rather than the interests of a small clique.”
brogan rogan trevino and hogan supports kano 1000
15:16 on 6 August, 2013
As usual you arevthe ‘calm’ within the (media induced) ‘storm’ …. this is straightforward…. our Board have a job to do, and this includes ensuring the safety of everyonene who enters the stadium…….
By all accounts, they have tried very hard to brief the GB on what they can and can’t do within OUR Stadium on matchday …..these are the rles, bhoys,mand you need to adhere to them…..
However, the GB are the best thing to happen to Celtic in recent years, and the vast majority of supporters attending matches ‘luv the spectacle’ ……
Both the Board and the GB now need to get out of their ‘entrenched’ positions…..
GB….I get the distinct impression the GB leadership are not restricting their activities to supporting our Club and, if that is the case, they need to review their strategy / leadership, or their next lateral movement will be ‘out the door’ ….
Celtic Board …. You need to designate a safe section of the stadium for the GB to enjoy, and develop, but if there is any unacceptable ‘political’ nonsense going on, you need to ensure all supporters are briefed on the detail……. and, Is this about safety only …..????
Get ‘sitting down together’ and sort this out before the next home game……..
This can’t be right Bhoys and Ghirls, surely Scotland’s football journalist of the year every year Keef, ” billionaires grow on trees” Jackson has got it wrong, naw naw naw must be some kinda Fenian conspiracy, naw I canny believe that Keef would lead the Bears up the garden path again…
In Killin in Perthshire and the hotels tv system is down. Any suggestions for tomorrow night?
Spikey
I almost agree with you.
First of all– note how often I say that the Feyenoord fans are mental– and I don’t mean that in a fun way. I have had good experiences and bad there– but to be honest I am wary at all times and at one game in the 90’s was downright scared!
Second ” all their wee committees”.—- Hmmm there are some very good Celtic men and women on those wee committees– many of whom I will disagree with quite easily on many things. However, the fact is that they are part of the Celtic support and people join the local clubs, which in turn liaise with the club both efficiently and inefficiently, effectively and hopelessly at times.
The GB proclaim themselves to be an “exclusive” ultra group– separate to the ordinary fan.
Well I have a bit of a problem with that because I think of myself as an ordinary fan and by definition I cannot be a member of the Green Brigade because i do not fit the profile.
I am not sure that is a Celtic ethos at all.
I know that The Green Brigade are valued Celtic fans— but the same could be said for everyone else.
And what if loads of people join the Green Brigade? Theoretically when do they cease to be Ultra and part of the main stream?
I have been told that they do not accept money from the board but once they have been established for a long time and have their numbers up ( say in 15 years ) then they will look to have a seat on the board?
If, by that time, there are say 20,000 GB members, will they have wee committees etc to decide on who the person on the board is going to be? And will there be Uber Ultra factions that just don’t want to be that mainstream?
I am not trying in any way to be flippant or funny, and I want a well represented Green Brigade involved in Celtic park administration, but where do they stand with regard to the rest of us as I actually just don’t know and can’t gleam a coherent view from GB members that I have spoken to.
Jim McColl also says “now is the time to lift your geraniums and bring them into the greenhouse before the first frost”
IF as the billionaire gardener suggested, the rangers are a good investment, why would such a shrewd and successful businessman such as he pass up the opportunity to participate?
I smell compost mr Mcoll
Charlie Bhoy running the show now, although I don’t think the NO SURRENDER shout gonna help him with his next visit up north to talk to the hard man from the West Coast of Scotland.
maybe charlie boy is back to produce the audited accounts
along with the title deeds and bank acoount for the holiding company
as for the rangers international football club
well swally mcmoist will save the day
all us timmys are going to be crying when this comedy show ends
boooooooooooo
jam67
FF have decided Jim McColl in a time wasting c***
——————————————————————————–
Jim McColl has revealed he is not looking to lead a Rangers takeover.
But the wealthy Scottish businessman confirmed he was putting his weight behind calls for boardroom change in his capacity as a Rangers shareholder.
Engineering tycoon McColl, whose personal wealth was estimated at £1billion in last year’s Sunday Times Rich List, backed outgoing chairman Walter Smith’s calls for fans to get behind formal moves to install Paul Murray and Frank Blin on to the board.
In a statement issued to Press Association Sport, the Clyde Blowers chairman and chief executive said: “Let me make it very clear, I am not seeking to join the board or to increase my shareholding in the club.
“I am a small shareholder like many of the club’s fans and have no intention of increasing my position in the short to medium term.
“I am 100 per cent focused on my own businesses and the strategy which I have agreed with the investors in my funds. I am duty bound to honour that agreement.
“This is not because I don’t believe investing in Rangers would be a good investment, it is because of the commitment I have made to my own businesses and to my partners.
“On the contrary, I believe that with a strong reconstructed, effective and highly competent board to restore financial transparency, stability and success to the club, it is a very attractive investment opportunity.
“This requisition for change is not about any one person or group of people trying to gain a controlling position, this is a demand for change by some very concerned investors, fans and other stakeholders.
“Things have to change to allow the club to move forward with ambition and confidence.
“The board needs to be constructed to reflect balance, independence and experience to operate in the best long-term interests of the club, fans and shareholders rather than the interests of a small clique.”
lionroars67
16:55 on 6 August, 2013
HAHAHAHA …. MORE LAPTOP LOYAL FAIRYTALES …… ANOTHER BILLIONAIRE FANTASY……WHEN WILL THEY EVER LEARN…..THEY HAVE DONE MORE THAN ANYONE TO SLOWLY DESTROY OLDCO / NOW SEVCO ……HILARIOUS…!!!!!
Ian McColl didn’t become a billionaire by investing in ‘dead ducks’
I think the Hun hordes were banking on McColl buying out Chuckles and sink ton of cash in.
Doesn’t look likely now!!!
Looks like Chuckles will suck the small remainder of flesh remaining on the carcass !!!
Hahahahahahahahahahahahahahahaha
Challs on SSN says he should be given the freedom of Glasgow….brilliant
Jim McColl has had decades to invest at Ibrox and has steadfastly refused to do so.
Further, when the Cardigan was looking to be part of a consortium to buy the club, one of that consortium said he was willing to put up some of the cash to save the club, but insisted that he wanted it back again very quickly and that he had no intention of being a long term investor.
This caused an argument between consortium members and the bid came to nothing.
We can only speculate as to who that short term investor might have been?
Has Charles Green said whose maw’s bank account the £14 million should be transferred to?
It’s a small but important point.
Put yourself in Jim McColl’s shoes.
You might have to spend £100-150 million to get your team challenging in Europe and if, and its a big if, if you manage to get to a European semi or final what can you expect?
Manchester Mark II!
I think I would hear the Clyde Blowers calling too.
celtic_first-VG.
I’m interpreting for the neds.
In response to speculation that he was about to invest off-the-radar wealth into Sevco, Jim McColl has issued a statement saying: “Do you think I’m aff ma heid?”
I know this has been asked more than once but I haven’t seen an answer, how can Paul “The Impossible Quiff” Murray return as a director when he was one before when the Broxberg struck?? Is that no against the law?
Glendalystonsils likes a mr whippy with his lime green jelly
16:57 on
6 August, 2013
:))
chuckles on ssn
this club will never run out of money as long as he has shares
lets see the audited accounts then
jam67
Wonder how Challs deal with the Dallas Cowboys is getting on…..
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Statement in response to comments from Rangers FC
Tuesday, 06 August 2013
Scottish FA spokesperson:
In response to the recent public comments from Rangers FC, and in particular Craig Mather and Ally McCoist, the Scottish FA offers the clarification requested with regard to Insolvency Rules under the Judicial Panel Protocol.
As yet the Scottish FA has not received a formal, written request for clarification by Rangers.
Notwithstanding the fact that a full note of reasons was published by the Judicial Panel Chair, Gary Allan QC, at the time of the determination – disseminated to the club directly, and to the public via the media – we are happy to reiterate the salient points in the interests of clarity and transparency:
• The Disciplinary Rules of the Judicial Panel Protocol provide a sliding scale of sanctions, with a suggested tariff of low-end, mid-range, top-end and maximum. This reflects the potential variations in seriousness of any breaches and any aggravating or mitigating factors.
• Rangers were fined £50,000 for a breach of Rule 14(g) based on the panel’s view that the evidence presented on both sides merited a sanction at the maximum end of the tariff. This was evidenced in the Note of Reasons:
Page 30 – “At the time of the first withheld payment in September 2011 Rangers FC’s financial situation was such that it could have made the payment due to HMRC.”
Page 33 – “The non-payment was a deliberate act in furtherance of a decision of the Chairman and director of Rangers FC not to make payment as a negotiating tactic in the resolution of ‘the Big Tax Case’.”
Page 56 – “In the case of the non-payment of tax (which was possibly by the smallest margin the most serious breach) the massive extent of the failure and the intentional and calculated manner in which it was carried out aggravated the breach even further”.
• Rangers were placed into administration following the deliberate non-payment of social taxes, despite – in the evidence provided – having the money to do so when the decision was first taken to withhold the money. This was not a feature in the Heart of Midlothian or Dunfermline Athletic cases.
• Contrary to Mr Mather’s statement, Rangers’ registration embargo was applied in a separate rule breach, Rule 66 – Bringing the Game into Disrepute.
• The administrators in the two other cases (Heart of Midlothian and Dunfermline Athletic) submitted that fines would be inappropriate as the clubs effectively had no money and any fine could jeopardise attempts to save the club. They made submissions on their clubs’ financial position to reinforce their view.
• Rangers’ lawyer, in contrast, specifically asked for the club to be fined in respect of Charge 3, or Rule 14(g). He did not lead evidence of Rangers’ financial position or ability to pay any fine.
• Rangers did not appeal the fine.
#fakeover part two ……….
Is it not about time for us to show solidarity with our fellow Scottish football fans who are suffering at this time?
Hee hee. A HA HAAAAAAAAAAAAAAAA!
4/6 Newcastle v Sevco ……..Corals
That’s the SFA and the Gardener both said roon ye spivco in the one day.
Karma
Has Charles Green said whose maw’s bank account the £14 million should be transferred to?
Owen Coyle’s, naturellement
Che,
remember the ASA. Hee hee.
On train from Edinburgh to Cambuslang and a load of sevco fans just got on at Fauldhouse.
They are being unusually quiet.
I always though George Barron was a better gardiner
The best atmosphere I can remember at CP was against Lyon, in the Martinist time. Took the roof off the joint.
Call me ole fashioned but I think if we have the team playin’ positive football in the good ole Cellick way the atmosphere can take care of itself.
When the GB started the place was quiet because the football was a bit stale.
From FF……. Will they ever learn….?
McColl’s statement has been misunderstood. Here’s why it is encouraging:
McColl’s statement doesn’t mean he’s not interested. It means he wants to pay as little as possible to Zeus for control of the club. Here’s how you should read his statement – and continue to give him your backing:
– McColl is very wealthy. Green etc know this. They know McColl can afford to buy the club at almost any price. McColl is a bit like Man City in this situation: when MCFC might be interested in a player, the price doubles because the seller knows they are wealthy. McColl wants to show that, in the short term, he will not be buying any shares. Reduced involvement from him at this stage should help to dampen down Zeus’s hope that he will spray money at them to **** off.
– By backing board change in the first instance, McColl will reduce the price further. Having friendlier faces on the board make the club more likely to recommend shareholders sell to him in the future in a non-hostile transaction, which would keep the price down.
– Friendly (and ethical) faces on the board make it more likely that our accounts will be published. Once these are published our share price will fall further, as they are likely to show that Zeus cabal have been running the club terribly. This will push the share price down even further.
– Finally, different faces on the board mean that the investment is worth less to Zeus overall. If they cannot control the club, they cannot squeeze it for cash in the way they have been up til now by paying themselves large salaries (or issuing new shares, as they clearly plan to). An investment you don’t control is one where you are simply a passenger, hoping that the driver makes the right decisions. That makes it worth less to you: Zeus will take a lower price for their shares at this point.
Overall: take heart. This statement is simply McColl trying to minimise the cash he would have to hand over to the Zeus shysters.
• Rangers’ lawyer, in contrast, specifically asked for the club to be fined in respect of Charge 3, or Rule 14(g). He did not lead evidence of Rangers’ financial position or ability to pay any fine.
• Rangers did not appeal the fine.
Criag Rangers Lawyer SPECIFICALLY ASKED FOR THE CLUB TO BE FINED
blantyretim
17:19 on
6 August, 2013
I always though George Barron was a better gardiner
George Barron is also heading a consortium to rival the blue knights.
He’s calling it the Barron Knights.
bada bing- 0-3 Newcastle 14/1, ‘av a bang on that.
Haha mccoll says
‘I’ll no be putting any cash in’.
Green a total bullshi&&er!! Hilarious!! How can he keep a straight face!
Loved how he didn’t know when to say CLUB or COMPANY. not that him whyte questioned, not sky who said on the sidebar this new club had won 54titles!!
Looks like AJ is the conduit for WS to reveal more.
Radio Scotland from 6.10pm
Mr Alastair No surrender Johnston
It seems this day will never end……………………………………….
What is the next level beyond the gift that never stops giving?