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    Comment on Accountability via Transparency. by John Clark.

    Talking about handshakes , having earlier in the year shaken the hand of the Prime Minister of Australia [ who, much to his own surprise it appears, won the recent election and is Prime Minister for another term]and the hand of the Lady Mayoress of Redlands Council, Queensland, I had the honour today of shaking the hand of the Provost of East Lothian.

    Mrs C and I took a wee run down to North Berwick as we sometimes do. As we sat in the sea-bird centre having an ice-cream, we noticed a guy down below with a gold chain round his neck, and a couple of Polis ,at the harbour. 

    On the way down to the harbour, this guy passed us, and I engaged him in conversation. The gold chain was the chain of office of the Provost. He gave me his card, shook hands, and explained that what was afoot was that the Duke of Buccleuch [aka the Lord High Commissioner to the General Assembly of the Church of Scotland ]was on a visit, and he had just seen him off on the wee boat trip to the Isle of May, to see the puffins' breeding ground.

    If I can add that while in the wee queue to buy the ice-cream, there was a woman from Auckland behind me, and a man from the Sunshine Coast ( where the hospital that sorted my dislocated shoulder is)

    It's these little serendipities that make life -even at my age- delightful; and make the sheer evil of what has been done in Scottish Football so damaging and distressing.

    Instead of adding to the spice and enjoyment of life by fostering and protecting honest sporting competition, honest sporting rivalry, our football governance people have done the very opposite. 

    Unlike the honest men (and/or women )of the FAW they abandoned principle. 

     

     

     

    John Clark Also Commented

    Accountability via Transparency.
    Ex Ludo 24th June 2019 at 09:24

    '….I would not be surprised if FIFA get a bit jealous and also build a shiny new symbol of wealth '…

    +++++++++++

    Your post prompted me to have a look ( not that I'm anything other than almost completely financially ignorant!) at FIFA's Annual report for 2018 at this link

    https://resources.fifa.com/image/upload/fifa-financial-report-2018.pdf?cloudid=xzshsoe2ayttyquuxhq0

    They could quite easily afford to blow a couple of hundred million quid on a vanity building project!

    ( I suppose, incidentally, that all the senior bods are covered by some form of directors' indemnity insurance?)

     


    Accountability via Transparency.
    StevieBC 23rd June 2019 at 15:35

    "…..He is limited to Bosmans and loanees to improve his squad, and deliver silverware. ..'

    +++++++++++++++

    I wonder does he know and appreciate how financially strapped TRFC Ltd is? Does he know even as much as we on SFM know about the finances, thanks to the efforts of several posters who know about balance sheets?

    Would any one of us apply for a job at Ibrox,  in the knowledge that TRFC  is living from hand to mouth, and faces having to meet some serious damages claims, which might well swallow up such UEFA money that they might receive this coming season?

     

     


    Accountability via Transparency.
    Corrupt official 22nd June 2019 at 20:20

    '..Dead clever these lawyers….'

    +++++++++

    Are we speaking of William McCormick QC, who appeared for  King and Murray ( and TRFC and Rangers Retail) before Mr Richard Millett QC(sitting as a Deputy Judge of the (English) High Court on 22 March 2017?

    Para 28 of the judgment after that hearing has this:

    "Even by this early point it ought to have been obvious to all Defendants that Mr King and Mr Murray's positions as directors of the Company were hopelessly conflicted. On the other hand, the positions of the SDI-appointed directors to the Company's board were more closely aligned with the interests of the Company. It may very well have been the case that the business of the Company relied upon relationships with other entities in the Sports Direct group which were disadvantageous to the Company. That is a point of which Mr King makes much in his evidence, and much was made by Mr McCormick QC in his submissions on behalf of the Defendants. However, even if that were so, it ought not to have disabled the Company's board from seeking to uphold the IPLA and thereby protect its sole asset and revenue stream. The relevant comparator was between an allegedly disadvantageous IPLA and no IPLA at all, and ergo no business at all for the Company. "

    It doesn't seem too clever to me to be defending two members of the Board of Rangers Retail Ltd who, as also being directors of TRFC Ltd, were  acting (via boycott-support and purported termination of the deal that TRFC Ltd has with Rangers Retail ) not in the interests of Rangers Retail [ as they had a fiduciary duty to do] but in the interests of TRFC Ltd. 

    If it ought to have been obvious to King and Murray that they were 'hopelessly conflicted" how much more obvious ought it to have been to 'one of Her Majesty's Counsel, learned in the law'? broken heart

     

     

     

     

     

     

     

     


    Recent Comments by John Clark

    Celtic’s Questions to Answer
    bigboab1916 17th November 2019 at 22:15 

    '…Reading this I would be inclined to think if I purchased shares they would be shares in a club established in 1872, surely this is misleading the public, ..'

    ++++++++++++

    Precisely. 

    And the fact that a query four and a half months ago from a member of the public on the point  has not been replied to kind of suggests, to me at least, that the FCA might have a wee problem.

    If they saw, and see, nothing wrong in their authorisation of the IPO all they have to do is say so, and explain how so to simple minds. 

    Just as the SFA, if they think the award of a UEFA licence to Whyte's 'Rangers' was legitimate, could simply produce the evidence and shut us all up.

    Neither the SFA nor the FCA has taken that course.

    There might be some excuse for the numpties in office as members of the governance bodies of a sport( non-statutory, private companies) 

    There can be no excuses for a body which, charged under statute to ensure that potential investors are not misled by false information given in an IPO prospectus, nevertheless authorises the publication of an untrue and misleading prospectus!

    I speculate that just as the SFA has a problem, so does the FCA.

    Ultimately all due to SDM!

     

     

     

     


    Celtic’s Questions to Answer
    Cluster One 17th November 2019 at 20:31

    '..That got me thinking (I know, i know)
    I have had a look but could only find this.'

    You may be better placed to find the court transcripts better than me.

    ++++++++++

    Thank you, Cluster One. The relevant reference is to

    Green v Rangers International Football Club Plc [2017] ScotCS CSOH_90 (22 June 2017)

    This was the judgment in the Green claim (in 2015) to have his trial expenses paid, that was not published until 2017 because at the time of the original hearing the criminal trial was still not concluded.

    I think it was reading that judgment that must have made me , a long time afterwards, think about looking at the IPO prospectus: at the time, I have to say , I scarcely was able to grasp the arguments about whether Green was or was not the CEO of RIFC plc or only the CEO of SevcoScotland /TRFC Ltd  ( and note how Sevco 5088 is mentioned with no indication of why it  is replaced by SevcoScotland!)

    If nothing else that judgment is a comfort to me in that it is clear that other minds were thinking that the IPO Prospectus may have been misleading to potential investors, and not the feverish  fantasy of some Australian-tanned, sculpted-bodied but geriatric arthritic 'Rangers hating' practitioner of natation.

    The link to the judgment is:

    https://www.bailii.org/cgi-bin/format.cgi?doc=/scot/cases/ScotCS/2017/[2017]CSOH90.html&query=(charles)+AND+(alexander)+AND+(green)

     

     


    Celtic’s Questions to Answer
    Cluster One 17th November 2019 at 17:42

    '..I wonder if they still have this.'

    +++++++++++++++++

    Ha, ha, Cluster One, you can fairly dig out the material!  Your archive material must be worth a small fortune.


    Celtic’s Questions to Answer
    Allyjambo 17th November 2019 at 15:25!..

    '…I'd even open that challenge up to any of the millions of words written by all and sundry about Rangers FC that just might hint, even slightly, to the existence of two Rangers entities prior to the club failing to achieve a CVA in 2012'

    +++++++++++

    Ah but.but..but, Aj, we had the omniscient, omnipotent (but now defunct itself) BBC Trust  AND the Advertising Standards Agency ( like they would know!) telling the BBC and the rest of us that there was a dead club and a continuing entity that was not to be referred to as a new club"-silly, deceitful oul' s. ds and s.desses that they were!

    You are absolutely right : the Big Lie simply must be defeated and the truth proclaimed .

     


    Celtic’s Questions to Answer
    Timtim 17th November 2019 at 13:51

    the signature is of Douglas Odam  the finance Director"..

    +++++++++++++++

    That sent me on an enjoyable trawl through Companies House and sundry other interesting bits and pieces more or less loosely related to "Rangers"

    Not the least interesting item ( in a general knowledge kind of way) is that Murray International Holdings which was dissolved following liquidation on 29 January 2016 was restored [under section 1029 of the Companies Act 2006] to the register by Lord Doherty on 21st February 2017 on the petition of one Samantha Thomson 

    link 2OhBbSqE%2FhZq03gVTz51nTGw%3D%3D&X-Amz-SignedHeaders=host&X-Amz-Signature=84a44313391c8658ce9f2a3d49aea030b5f4834ffacf4999942b93126b88ec92

    [ CH entry  " 21 Mar 2017Order of court – dissolution void"]

    It was dissolved again on 27 March 2018.

    Of interest in understanding how the arch-cheat dumped Rangers of 1872 in the proverbial while looking after himself it's worth having a look ( if you haven't already done so previously- (it was new to me) have a read at

    https://www.insider.co.uk/news/revealed-how-murray-international-holdings-10575967

    It makes my broadly socialist head birl to visualise all the (no-doubt perfectly legal ) multiplication of companies  and interlinked deals and swops.