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    Comment on Accountability via Transparency. by John Clark.

    macfurgly 27th May 2019 at 23:17

    '..We are still all mushrooms to the SFA and SMSM.'

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

    We may be the mushrooms, macfurgly, but they are the fundaments from which the manure comes, as they persist in maintaining what they know to be a fiction : they , including especially the odious JT, initially reported the truth  that Rangers of 1872 is as dead as Gretna and Third Lanark  and that their timeline ended in 2012!

    And then, brave 'journalists' as they are!, crapped themselves, abandoned truth and went with the lie, all principle and all common sense abandoned out of fear, or personal bias and prejudice, or catatonic shock that the unthinkable had happened.

    When we think of the specious arguments  conjured up in desperation:

    'relegation' rather than 'liquidation';

    'buying the history' ,

    'demotion to the fourth tier'  rather than 'extinction' even when the corpse of Rangers 1872 is lying in the limbo of Liquidation while a new club ponces about ,stealing trophies and honours won a hundred years and more before it even existed.

    and when we remember the Brysonism and the non-disclosure of relevant material to the LNS inquiry , and the absolute shadiness of the UEFA licence award and the bloody-minded refusal by the SFA to open that up to proper investigation…..

    we can only conclude that the game is still a bogey……prate on the SMSM as much as their lying tongues and pens or keyboards allow.

     

     

     

     

    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

    Resolution 12 & The Broken Bond
    Cluster One 6th December 2019 at 22:18

    '…Just a follow on to the conversation we had yesterday that the BDO report will be out soon.'

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

    Following  up on that conversation this morning over my bruschetta e caffe latte, I tried to check out Henderson and Jones. 

    I was not  surprised to discover that they are quite a titchy wee company ( buying other peoples law suits).

    But I was surprised that they are not an independent wee outfit.

    No, they are one of  about a dozen or so companies that are owned by a holding company called Breal Capital Ltd. 

    Whose main business seems to in steel stockholding.

    Association of ideas. Could there be…?

    My researches were interrupted by Mrs C's insistence that I get off that damn pc and  do something useful .

    Must get back to that research. Steel stockholding? Who have I  heard used to be in that line of business?

    Oh, what fun!


    Resolution 12 & The Broken Bond
    John Clark 6th December 2019 at 22:02

    '..Here's to  a 106-page read!

    Perhaps not tonight, though'

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

    But I've had a wee keek and my eye fell on this (at para 26 on page 13)

    " The letter of 4 June 2018 was sent in good faith by Rangers and in the belief, albeit mistaken, that such letter complied with ……"

    I just love the oxymoron  ' in good faith by Rangers'.

    And the other way of expressing that wonderful mantra which is normally invoked in relation to refereeing decisions :  '. in the belief , albeit mistaken'  i.e.    " honest mistakes" to you and me!broken heart

     

     


    Resolution 12 & The Broken Bond
    easyJambo 6th December 2019 at 21:15

    '..I think that SDI made further claims of breach of contract both by TRFC and Elite,..'

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

    So, the quasi verbatim report [brought to (my grateful attention) by paddy malarkey [2nd December 2019 at 15:45] that was being touted elsewhere as a counterclaim by 'Rangers' jointly with Elite, far from being so relates to an initiative by SDRI to bring Elite into the damages claim?

    That makes better sense to me. ( maybe I should look more frequently at the High Court of England 'rolls of court'- I might have seen the petition or whatever made by SDRI)

    'Elite' of course were not involved as a party being pursued by SDRI in the Persey judgment. But it looks as though Mike is going after them now!

    For once, it seems not to be King who is trying to protract matters, but Ashley  having a go at Elite. Possibly to kick the idea that damages can be capped at £1 million well and truly into the bin?

    Here's to  a 106-page read!

    Perhaps not tonight, though.broken heart

     


    Resolution 12 & The Broken Bond
    I've been Christmassy busy all day, and am looking forward to having a full read at the re-amendments.

    What I am absolutely unsure about is the notion of amendment and re-amendment of pleadings AFTER judgment has been made?

    In my ignorance, I thought judgment on the' breach' had been arrived at, and only the question of the 'quantum' of damages remained, with the Judge being ready to allow parties to try to reach agreement before he imposed his view? 

    Was there an appeal to a higher court??  

    Have I missed several things? 

    Part of my efforts today was to tidy up the junk yard I call my garage. While doing so, I was listening o RTE radio, and heard the news bout the dire situation of the Football Association of Ireland: auditor today refusing to accept that it is a going concern; instead of any kind of profit, revised previous statements to show  couple of million pounds of loss, and £55 million debt plus £20 M bank loans outstanding; and being at the moment baled out by UEFA monies.

    Oh, I thought, how sweet it would be if only the balloon would go up  on the practices  of  the SFA in relation to sports (as opposed to directly financial) matters in recent years , creating the Big Lie, conferring 'history' on  new club, and refusing to open its Licensing Committee's actions to investigation.

     


    Resolution 12 & The Broken Bond
    normanbatesmumfc 5th December 2019 at 16:02 '

    '……Perhaps Cenkos (I believe they were the Nomad) might receive a slap on the wrist;

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

    Well, Cenkos were certainly fined half a million or so in 2016!

    https://economia.icaew.com/news/august-2016/fca-fines-cenkos-securities-500k-for-failures