not read this thread in months - and i'm sure its been said in many ways....
What is it that flies tend to congregate round again ...
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not read this thread in months - and i'm sure its been said in many ways....
What is it that flies tend to congregate round again ...
For once, I think some honour has been shown.
Mather and Stockbridge appear to have been less than professional in dealing with the attempts to have new directors appointed. It's difficult to know the whole truth, of course, but it says to me that, having been "found out", they have done the decent thing and resigned.
Has Stockbridge left too? I thought it was Mather and Smart (who he?). Isn't Stockbridge Ticketus's inside man?
I agree that Mather has shown some honour. I don't think he was part of the original consortium who've been cleaning up. He's put in £1m of his own money and the CEO's salary for the time he's done the job won't have covered the money he's lost on share value. I've got the impression he's one of Green's victims.
The name Smart came up in one of the first reports I read, but I assumed that was a mistake and that it was Stockbridge. (IIRC, Paul Murray wanted Stockbridge out. )
I was wrong, obviously.
Bryan Smart was a non-exec, apparently. Probably "non-exec in charge of losing important documents."
From 'Random Thoughts', Paul McCoville -
http://scotslawthoughts.wordpress.co...-from-rangers/
"There have been persistent rumors that the AIM has been looking at the corporate governance of RIFC PLC"
Again, if you've time, CWG, what's your take on this ??. Presumably (hopefully) it's really bad news for them ??
I agree with PM that that statement is probably mischief-making. However, one might say that PM is making such mischief himself :greengrin The more these things are "suggested", the more likely that the AIM would get involved.
I hadn't realised that there are now just 2 directors on the Board of the Holding Company. (I get confused, though. I'm not sure if that applies to the Football Club Board as well.) That in itself should be grounds for concern, for the shareholders if no-one else. 2 is the absolute minimum required by law, but to have only 2 people in charge of a multi-million pound business, which is publicly traded, is not what one would call the best of governance.
re Paul Murray the great saviour of The Rangers. Has he ever put money into the club or has he only ever taken it out?
Attachment 11148
There's a song in this somewhere.
Presume that the Easedales have not been too impressed with Mather's attempt to get King to pile in with the readies which could only be done by diluting the Easedales stock holdings.No doubt they made him an offer he couldn't refuse.
Rangers ex-charman Alastair Johnston reckons that Craig Whyte is still pulling the string at (The) Rangers
Meanwhile, Craig Mather gets whole years salary of 300K, despite the fact that he 'resigned'. Snoughts in the trough once again.
EDIT: Down with the thread mergers!!!
And there's more :greengrin
http://news.stv.tv/scotland/244013-e...-green-letter/
I see that Craig Mather has apartner in another business venure call Guy Gisborne. Would that be the baddy from Robin Hood.
Now Robin wore green. And Green is robbin .............
Stranger than fiction or what ?
Never mind, it will be all Whyte on the night.
He is so sad, Since old-co rangers wend bad, He's worn a frown that sudo-ibrox clown. He'll just have to learn to hesitate, to make sure his wage don't quicken up their fate, but he didn't have a single word to say, when chucky green came in and stole their club away.
http://news.stv.tv/west-central/2442...iry-concludes/
All clear and looking forward to next years jamboree.
So much for this not being what the modern British army was all about.
http://www.philmacgiollabhain.ie/dav...ons/#more-4072
“On 29th August 2013 at South Gauteng High Court held at Palm David Cunningham King entered a plea of guilty in the South Gauteng High Court held at Palm Ridge, on 41 counts of various contraventions of section 75 of the Income Tax Act 58 of 1962.
“The said plea is in accordance with a plea and sentence agreement in terms of section 105A (1) of the Criminal Procedure Act 51 of 1977, entered into between the accused and the National Prosecuting Authority. The High Court was satisfied that the aforesaid agreement complied with the requirements of the provisions of section 105A (1) of the Criminal Procedure Act, that the accused admitted the allegations in the above-mentioned counts and that he was guilty of the offences.
“The Court was moreover satisfied that the sentence agreement was just, whereupon the Court proceeded to convict the accused of the offences and sentenced the accused in accordance with the sentence agreement.
“In terms of the agreement, the accused was sentenced to a fine of R80, 000.00 or 24 months’ imprisonment on each of the 41 counts, being the maximum sentence provided for in the Income Tax Act read with the Adjustment of Fines Act 101 of 1991. The effective sentence, as confirmed in the agreement, is a fine of R3 280 000.00 or 984 months (82 years) imprisonment.
“The accused has, moreover, agreed to pay to the Criminal Assets Recovery Account (“CARA”) the amount of R8.75 million as contemplated in section 64(e) of Act 121 of 1998.”
For the avoidance of doubt these were criminal proceedings where Dave King pleaded guilty to criminal charges.
Sounds like Mr King has the ideal qualifications to be the next Chairman of The Rangers.
Will the 'improper persons' regulation within Scottish football take into account King's court case in South Africa ? If so, he can't be Chairman of a lower league side.
I thought that King was Mather's man.
Now that he has gone, there are only 2 directors left. One of them, Esdale, won't be too happy at the thought of someone else being top dog.
If the "rebels" get their way, they may not want King either, although they would like his money of course. Jim McColl may be their favoured money man, although I think he said he didn't want to put any more in.
Spotted near the Pleasure Beach in Blackpool on 18.10.13. I suppose they have to recoup their lost £14million somehow.Attachment 11156
http://www.ft.com/cms/s/0/5320d384-3...#axzz2iIQmBAkR
Financial Times - Rangers in danger of getting red card over governance
Quote:
You wouldn’t run a football match the way that Rangers Plc is being managed. Indeed, you couldn’t under the laws of the beautiful game.
Even before Rangers International Football Club has completed its first full year as a public company, it has lost all but one of its original eight directors and is on its third nominated adviser, or nomad. That is the nearest thing the Alternative Investment Market has to a referee.
....
Even now, when Rangers’ governance has gone beyond normal measures of appropriateness, the LSE has not rushed in with a red card. Yet.
But the nomad will have to justify to the LSE the “appropriateness” of any board candidate. It will be tough to find someone who meets the LSE’s criteria and is willing and able to broker a long-term peace. But if it cannot, then the RIFC’s shares are likely to be suspended. And if the warring continues, the company’s Aim quote will be cancelled, stranding shareholders – including thousands of Rangers fans – with untradeable equity.
The most elegant end to this tawdry tale would be to find a buyer to take RIFC off the public market. Then at least fans will have a chance of selling out at something like a fair price.
Traynor away.
http://www.rangers.co.uk/news/headli...club-statement
That statement is short and sweet, isn't it..? No "would like to thank JT for all his work/best for the future blah blah"
SSN broadcasting Jim Traynor leaving Rangers. Hope RP does not see this. Traynor thinks or thought he knew it all - new manager material? Discuss:greengrin
Fat hun fud waste of space.
Hope he nevers works in the media again.
Hopefully this will prevent him getting a job in the written media .........
He had used his final newspaper column to label bloggers and journalists “despicable, pathetic little creatures” over their coverage of Rangers’ financial problems.
So, the company that advise The Rangers on financial matters are themselves close to going bust. They made a loss of 1.7M last year and have apparently made massive losses since.
No wonder NewHun are already in trouble if that's the people advising them on finances :greengrin
An interesting post on Kerrydalestreet. We've all been caught up in the saga of Butcher's bunnet since last week.
It would appear that Pinsent Masons did, in fact, do a thorough investigation into the links between Green and Whyte.
Which concluded that Sevco 5088 was a joint Green-Whyte project which attracted many millions of pounds of investment, with the Whyte shares being hidden behind the screen of Blue Pitch (Mazen Houssami - Abelas' lawyer), Norne Ansalt (Abela), Margarita Holdings (Abela), Elias Kaisar (Abela), Riad Haddad (Abela) and Asia Credit (Chris Morgan - Abela).
That's the Abela family from Beirut, Lebanon, who have links to Monaco (like Whyte) and Grasse, the perfume capital of France, where Whyte also had business connections.
Those Sevco 5088 shares were then transferred almost in total to Sevco Scotland, with Blue Pitch and Margarita seen as the most significant shareholders.
The Whyte link to Sevco 5088 is clear.
The Whyte link to Sevco Scotland is hidden behind the Abela curtain.
FC Spivco said Whyte had no link to Sevco Scotland. They said nothing about Sevco 5088.
It would appear Police Scotland now have their hands on the full Pinsent Masons report.
A moment of total panic for the Spivs.
And the Brogues.
And the SFA.
Because if the truth is revealed, the SFA membership of FC Spivco has to be rescinded.
So place your bets: Will it be Greenock Rangers or Cowdenbeath Rangers?
Is this a fact or a Kerrydalestreet fact
Police are definitely involved. The pinsent mason report is the basis of whatever it is they are investigating re whyte and sevco. Dont know about the rest of the kds post tho
Day those pesky Catholic minded polis and green minded solicitors no huv anyhing better eh day than percy cute the ra-Rangers!?
Ssshhh, it's all a huge conspiracy
Attachment 11307
It's time for all this crap to end. Rangers went bust and the new rangers are working their way back up the leagues. Who cares who owns them
The DR goes in to bat for Sevco over Whytes signature on a document - can't find the link but I reckon the MSM will be spinning this particular investigation for all it's worth.
http://sport.stv.tv/football/clubs/r...ecutives-jibe/
Not sure what's funnier tbh, Lawwell's wee jibe or Sevco throwing a hissy fit.Quote:
Rangers say they will complain to the Scottish FA following comments made by Celtic chief executive Peter Lawwell.
Asked for his thoughts by a shareholder at Celtic's Annual General Meeting on why some in the media refer to Rangers as a club in existence since 1872, rather than a new club because of the liquidation of the company operating the club in 2012, Lawwell quipped: "Rory Bremner can pretend to be Tony Blair."
In response, a statement from the Ibrox side on Friday evening read: "The club are disappointed with the comments attributed to Celtic chief executive Peter Lawwell earlier today.
"Rangers Football Club, now in its 141st year, has a proud history which has been recognised by the football authorities and was noted in a recent SPL Commission determination.
"The club will now take this matter up with the relevant football authorities."
Lawwell sits on the Scottish FA's main board as the representative from the governing body's Professional Game Board.
I can't wait for the resumption of the Old Friends derby
Raises an important question for is in how we deal with them when we eventually play them. I would hope that we make it clear that we regard them as a new club that we are playing for the first time.
In what respect? We'll have to arrange witn the police for a Category A fixture and a probable tinderbox at that. The match will be live on TV and under intense scrutiny. Our new manager whilst at ICT has already described RFC as "technically, a new club" much to the disgust of ra peepil.
There will be 3500 of them in the away end and you can shout whatever you like at them. You might want us all to regard them as a new club but I guarantee you Hibs fans will use the following words : Hun, bluenose, bigot ****.
That's about 20 months away if on league duty. I hope we stuff them.
In the respect that we make it clear that we welcome the new club on their first visit to Easter road. The Match day program shows only the new clubs honours and makes no reference whatsoever to players of the old club or famous games against the old club. A blanket refusal by anyone at the club to acknowledge they are the same club.
As both the old and new club appear to have the same set of fans then I think any insults or abuse we used to give them is transferable.
They are a new club look here and select R they not on the list only rangers (Womans team) :wink:
http://www.uefa.com/teamsandplayers/index.html
Today's the day BDO publish their report.
Hopefully lots of juicy details.
You and I both know that Hibs won't even raise that topic.
Rod Petrie will insist we keep our dignity and that we are calm, rational and business like. He will have a meeting with the Match Commander whose first priority is public order will issue a list of strict instructions for Hibs who will follow them to the letter.
The Tache knows how to play the politics and will work with the manager to play everything down prior to what will no doubt be a highly charged affair. The match program will have some brief & bland filler details on Rangers current players, their current league/cup form and absolutely nothing on their trials and tribulations. The Hibs Match Announcer will also be under strict orders to do nothing more than play music and read out the teams and any scores. There will be no stupid wind ups designed to inflame.
As an aside let us watch with interest how our chums in Gorgie deal with the Rangers situation when they meet them on League business in 2014. There will be more than a few Premiership clubs looking for a precedent there.
http://www.londonstockexchange.com/e...T9Z75GBGBXASQ1
Somebody just dumped over 3.3 million shares in a single trade. Somebody bailing out ?
See the SPFL are pursuing The Rangers for the £250,000 fine imposed for using EBTs without declaring them. They are treating it as a football debt. Can't wait to hear the screaming saying "this has nothing to do with us, it was the old club which don't exist any more except when we refer to history and trophies. We don't want any of their debts." http://www.bbc.co.uk/sport/0/football/25023927
I agree with what you say, or expect from Hibernian. however, I do get a bit miffed about the Hmofc derby day programme when they list us as 1875, and reformed blah blah. our club should reciprocate with a correct mention of them being formed 1874, (under a dubious name) and actually wound up, in 1905, before starting off again. silly we argument I know, but it's a fact.
new post from Paul McConville talking about the SPFL chasing the £250k fine from the Nimmo judgement, not much new but interesting enough and should keep this thread form slipping off the main page!
Just don't read the comments, I always assumed the worst of sevcos fans could'nt read or write but wow there are some morons on there. In fairness the tic fans commenting there are largely idiots but some of the huns are unreal.
http://scotslawthoughts.wordpress.co...ers/#more-4317
I was shocked to read a few moments ago that Paul McConville died a few days ago. He was 47, apparently. Apologies if this has already been posted elsewhere, this is the first I heard of it.
ianssmart
Sunday, 1 December 2013
Paul McConville
It has been a bad week. Obviously the thoughts of all decent people are with those affected by the Clutha Vaults tragedy. Much has been written elsewhere about that, more eloquently than I could ever do, so I will not add to it.
But on Friday as I sat down to consider the subject of my usual Sunday blog, which inevitably will be about the White Paper, I had already decided that I also had to say something about a more private tragedy which affected me earlier in the week. In the end I decided that tacking it on to a more political piece was inappropriate so it will stand alone.
On Tuesday evening, towards the end of the Celtic Milan game word started coming through on twitter about the death of my friend, professional colleague and fellow blogger Paul McConville.
It was so sudden and unexpected that at first I couldn't be sure it was true. Tragically, it was. Suddenly and without warning of any sort he was gone, from what is suspected to have been a heart attack.
I've known Paul for more than twenty years, since he was a trainee solicitor with Hughie Trainor in Coatbridge. Although his work then took him to Courts beyond Airdrie, he remained a frequent visitor there and much regarded company by all at the local bar.
It is no secret that he had had a difficult professional career, with the collapse of his own firm several years back leading him to suffer a bout of acute depression and the inevitable round of tabloid publicity that is attracted to any lawyer "falling down on the job". But, contrary to the later malicious allegations of those who set out to harm him, he took nobody's money. His business failed and he became ill. That was all. And later he himself spoke bravely and openly about that period.
But it was in the aftermath of that trauma that he established almost a second life as an internet commentator through his "Random Thoughts re Scots Law" blog.
If you consider the topics listed on the right hand side of his site you will see the breadth of the subjects he covered. Always with wit; regularly with unique insight.
He is however probably most famous for his chronicling of the various machinations at Ibrox and in the Courts before and after the liquidation of Rangers. This was territory he must have known would lead to him attracting attention and abuse in equal measure, abuse that shamefully continued even after his death. Anybody who thinks political blogging in Scotland should not be for the faint hearted should look for a moment at some of what goes on around the Old Firm. And threats in that context cannot as easily be shrugged off as internet bravado as those made in the political world.
To all of this however, in life, Paul brought the same drollery and common sense rationality that surrounded him in the "real" world. Truth and accuracy would allow him to triumph in argument time and time again.
It even lead him to some sort of minor celebrity among the "Celtic family", although it was truly the case, as he never ceased insisting, that his first and truest football loyalty was always to the mighty Albion Rovers.
It was a celebrity he never sought, for he remained above all a modest, deeply religious, family man. He wrote only a couple of months back about the joy of celebrating his 20th Wedding Anniversary with an openness and patent sincerity, indeed, in the proper sense, love, that would have defied most West of Scotland men to express.
Any death is a tragedy but the death so young of such a patently good man is almost impossible to come to terms with.
My thoughts are obviously with Val and his girls. The days ahead will be difficult for them. But when we gather for his funeral hopefully the size of the attendance there will give them some appreciation that their great loss is one shared, in an inevitably smaller way, by so many others.
Rest in Peace big man. You'll be missed.
http://www.philmacgiollabhain.ie/paul-mcconville/
http://henryclarson.wordpress.com/20...lle-a-tribute/
RIP indeed and condolences to his family and friends. Blimey.
Yes, sad news about Paul McConville. His blog was always informative and never abusive. It was light-hearted and his analysis of all the shennagins at Ibrox was clear and easy to understand, even for such as me who know little about the intricacies of law and finance. Such a shame.
R.I.P. Paul.
RIP. How sad he died before seeing Albion Rovers beat Motherwell.
Echoed.....
R.I.P. Paul.
Showed a lot of courage and provided great service by doing what so many in the mainstream shyed away from.
How sad. I always enjoyed his blog and he helped to fill that huge gap left by the MSM.
R.I.P. Paul and my condolences his family.
The requisitioners are ****ed..........
http://www.bbc.co.uk/sport/0/football/25423601