Comment on Accountability via Transparency. by sannoffymesssoitizz.

    upthehoops 13th June 2019 at 07:08

    It's genuinely hard to see what Rod Petrie can bring to his new roll as SFA President that will bring any meaningful benefit.

    Scottish FA have money to buy Hampden – Ian Maxwell
    By Brian McLauchlin BBC Scotland 12 June 2019 


    The Scottish FA "absolutely" have the money to buy Hampden Park and hope to make an announcement about the deal "within the next week or two", says chief executive Ian Maxwell.

    The association agreed last September to buy the national stadium from League Two club Queen's Park for £5m.

    But the purchase has not yet been completed with the Scottish FA's lease on Hampden expiring next year. "There is a lot that has happened since then," Maxwell told BBC Scotland.

    "It's a fairly complex transaction and a lot of legal work has to be gone through. We are very, very close to the end of that and hope to make an announcement within the next week or two. We have just to finalise the purchase."

    Queen's Park – who will move their matches to Lesser Hampden – will receive £5m, with the Scottish FA assuming £19m of liabilities. That will only be payable if matches are no longer played at Hampden. (My Bold)

    While Maxwell was unequivocal that the money was there to pay for Hampden, he was less adamant when asked about funds to develop the stadium.

    "That's a slightly different question and a will require a bit of support," he said.

    So zero chance of Scotland matches being hosted at clubs across the nation. smiley



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    sannoffymesssoitizz Also Commented

    Accountability via Transparency.
    In addition to having advised sportspersons on media related issues William has experience of advising on sports contracts (including Formula One) and has experience of contractual disputes in boxing (Calzaghe v Warren) and football, having been instructed on behalf of Glasgow Rangers FC in its long-running dispute with Sports Direct over their commercial relationship.


    Accountability via Transparency.
    Is IFAB following you Allyjambo 20th June 2019 at 22:11? crying

    Women's World Cup: Rule on encroachment during penalty shootouts suspended


    A rule that states goalkeepers at the 2019 Women's World Cup must be cautioned for encroachment at penalties has been suspended for shootouts.

    Under new guidelines, keepers at this tournament are booked if they come off their line prior to a penalty kick.

    So far, three players have been shown yellow cards for breaking the rule.

    But football's law makers say having it in place for penalty shootouts risks "unfairly distorting" the outcome if a goalkeeper is sent off.

    • What exactly are football's new laws?
    • Keepers making mark & VAR debate – Women's World Cup lessons
    • No VAR for Premier League keepers saving penalties

    The request for the temporary suspension of the law, which will remain in place for the remainder of the tournament, was made by FIFA to the International Football Association Board.

    In explaining their decision to approve the request, IFAB accepted that the presence of VARs greatly increases the likelihood of any offence being detected and, as goalkeepers are likely to face a number of kicks during a shootout, there is a higher risk that a goalkeeper will be sent off for receiving a second caution if already cautioned in normal time.

    Goalkeepers can still be booked for coming off their line if a penalty is awarded during normal and extra time.

    Accountability via Transparency.
    A surprisingly detailed article By Martin Williams @MWilliamsHT Senior News Reporter on 19th June 2019?

    Dave King group to get controlling interest in Rangers after vote


    Dave King and his Three Bears group are to have a controlling interest in Rangers as a bid to convert over £14m of club loans into shares has got the go-ahead.

    The Rangers board were today asking independent shareholders to agree to a crucial 'waiver' that would mean Mr King did not have to make another multi-million pound shares offer to other shareholders as he and his partners tighten their hold on the club.

    And at a general meeting, that waiver was passed with 81.8% in favour.

    READ MORE: Rangers chairman Dave King wins fight to avoid £8m club share purchase… just

    The group wanted to convert £14,120,388 in loans into 70,601,941 shares at 20p each, but there were warnings the move would have been on the rocks had the waiver not been agreed by other shareholders.

    It has now emerged there were 48,565,961 votes in favour of the resolution with 10,772,951 (18.1%) against.

    Rangers chairman, Dave King, thanked shareholders for their continued backing and said: "This is an important marker in the recapitalisation of the company and significantly improves its balance sheet, enabling the conversion of over £14m of debt into shares.”

    The loans-to-shares move gives Mr King's group the power to decide whether resolutions at future general meetings pass or fail and block special resolutions. That means they have control over strategic decision-making processes, including the election of directors and chief executive, approving executive pay and passing financial accounts.

    In February, Mr King won a long battle to avoid paying out on a court-ordered shares offer, which could have cost him as much as £19m, after it just failed to get enough acceptances from shareholders to become valid.

    READ MORE: Rangers director warns loss-making club cannot run on loans indefinitely

    Mr King was obliged to make the bid by the Takeover Panel financial regulator, which ruled he, and the Three Bears group of investors made up of Hong Kong-based investment banker George Taylor, Park's Motor Group founder Douglas Park and investment banker fan George Letham, had acted "in concert" to acquire more than 30% of the Ibrox club's shares.  They they over the club from a group said to be allied to Sports Direct founder Mike Ashley in 2015.

    The Takeover Panel confirmed that the requirement to make the general offer for the balance of shares not owned by the King group would be waived, if the shareholders pass the resolution.

    There was an earlier warning in a letter to shareholders from John Bennett, chairman of the independent directors of RIFC, that if the so-called Whitewash Resolution was not passed the loan conversion will not go ahead.

    And he said that "may create issues" for Rangers if the 'soft loans' which were integral to allow the club to meet its debts when due and invest in the playing squad were subsequently withdrawn.

    READ MORE: Ex Rangers chief Sandy Easdale to sell shares as he tells Dave King: 'I want out'

    According to financial papers supporting the bid, the extra shares Dave King’s group would get from the loan conversion would mean their slice of Rangers International Football Club plc would rise from 34.06% to give them a majority 53.93% stake.

    Once converted Mr King's slice through his New Oasis Asset Limited company will grow from 14.57% to 26%, Mr Park's holding will rise from 6.14% to 13.94%, Mr Letham will have 5.7%, up from 4.05%, while Mr Taylor's interest will drop from 9.3% to 8.14%.


    The letter to shareholders from Mr Bennett explained that the loans were provided by shareholders to assist with the costs of "restoring Rangers Football Club to a position at the top of Scottish Football and as a force in European football".

    "Rangers Football Club’s footballing success benefits the financial position of the company. Converting the loans to shares ensures that such assistance is ongoing and that the company does not have to repay this funding," he wrote.

    "The loan conversion will significantly improve the balance sheet of the company and ensure that it complies with The UEFA Financial Fair Play Regulations."

    The independent directors in information supporting the motion said: "When the current board of RIFC were appointed, the club had suffered greatly through years of financial distress and upheaval.

    "Consequently, RIFC was making significant losses with no immediate possibility of those being stemmed whilst restoring the fortunes of Rangers Football Club. Such losses have now been greatly reduced and the fortunes of both Rangers Football Club and RIFC have been significantly restored.

    "There is still work to be done both on and off the field with sporting success for Rangers Football Club being the key driver to improved financial performance for RIFC."

    Under Takeover Code rules Mr King and the Three Bears, should have made a written offer to buy the shares of other shareholders at the time of the takeover having overtaken a 30% threshold.

    The 63-year-old businessman, had previously stated that delays in fulfilling court orders over the offer were the result of needing government approval to transfer the funds from South Africa to the UK The offer came after a Court of Session contempt case in front of Lady Wolffe was paused in December after the Rangers chief said he was now “100%” committed to making the multi-million-pound offer.

    During one hearing in October, Mr King's advocate Lord Davidson of Glen Clova QC argued that he "is penniless" adding: "Any order wouldn't secure compliance. It won't. It is pointless."

    The King-led takeover group had always denied that they had acted 'in concert' to purchase shares in Rangers on December 31 2014 and January 2, 2015.

    But in December, 2017 Lord Bannatyne ruled in favour of the Takeover Panel that Mr King acted in concert with the Three Bears to oust the Mike Ashley-allied board.

    Recent Comments by sannoffymesssoitizz

    One, er, Two Rules to Rule Them All
    Burnley: Andre Gray and Michael Keane sales help club record £36.6m profit


    The sales of Andre Gray and Michael Keane helped Burnley to a record £36.6m profit for the year ending June 2018.

    Striker Gray, 27, was sold to Watford for about £18.5m, while defender Keane, 26, joined Everton for a fee up to £30m in 2017.

    Burnley's previous record profit was the £30.1m posted in June 2015.

    The Premier League club, who finished seventh last season, are 17th and two points above the relegation zone with seven games of this campaign left.

    Burnley's turnover increased from £121m to £138.9m for the 2017-18 season, while wages went from £61m to £81m.

    "We continued to invest in new playing talent whilst trading players where we felt that they might be at, or close to, the peak of their value," said Burnley chairman Mike Garlick.

    "As we hopefully continue to maintain our Premier League status going forward, the above will form a key part of our strategy and, in the main, we will purchase players who improve the quality and competitiveness of our first team and are able to technically develop further and grow in value."

    NB Burley are currently in 17th place on 30 points, two points ahead of Cardiff who are in the final relegation place.

    One, er, Two Rules to Rule Them All
    Blackburn, Bolton and Birmingham: Seven charts showing how Championship clubs reached this point

    Financial issues and Championship football clubs beginning with 'B' appear to go hand-in-hand.

    Take Bolton Wanderers and Blackburn Rovers – two of English football's historical giants. Famous old north-west clubs and founding members of the Football League with 10 FA Cups between them.

    Yet in recent days, one faced a winding up order and the other posted record losses just a few years after both lost their places among the Premier League elite.

    And then there is Birmingham City, who on Friday were deducted nine points for a breach of profitability and sustainability rules.

    In seven charts, football finance expert Kieran Maguire assesses how the three clubs got to this point – and asks if there are lessons other clubs can learn from them.

    Read more at: https://www.bbc.co.uk/sport/football/47691385
    Kieran Maguire is a lecturer in football finance analysis at the University of Liverpool where he teaches on the Football Industries MBA course.

    One, er, Two Rules to Rule Them All
    Portbhoy 24th March 2019 at 11:05

    It appears that tae find the truth these days we huvtae get tae France smiley


    Les Rangers plongent
    14 juin

    La situation financière précaire des Rangers était un secret de polichinelle depuis longtemps. Cela n'a toutefois pas atténué la portée du choc lorsque le club, après 140 ans d'existence et son record de 54 titres de champion, a été placé en liquidation à la mi-juin. Le géant de Glasgow a ensuite vu à nouveau le jour sous la forme d'une nouvelle société et a pu débuter la saison 2012/13 en quatrième division écossaise. Les pensionnaires d'Ibrox sont actuellement premiers de leur championnat, avec neuf points d'avance et un match disputé de moins.

    From Google Translate

    The precarious financial situation of the Rangers was an open secret for a long time. This did not, however, lessen the impact of the shock when the club, after 140 years of existence and its record of 54 championship titles, was placed in liquidation in mid-June. The Glasgow giant then saw the day again as a new company and was able to start the 2012/13 season in the Scottish Fourth Division. The residents of Ibrox are currently top of their league, with nine points ahead and a disputed match less.

    One, er, Two Rules to Rule Them All
    Stephen Halliday: Rod Petrie’s apparent run to SFA presidency is a worry


    After Thursday’s fiasco in Kazakhstan, those Tartan Army foot soldiers who somehow remain resolutely committed to following Scotland wherever they go must be eyeing their remaining travel itineraries on the Euro 2020 campaign trail with a sense of dread.

    If we can still assume that even Alex McLeish’s beleaguered squad will avoid further damage to their battered reputation when they face the world’s worst international team in San Marino tomorrow, then the next road trip with the potential for serious pain for Scotland supporters comes on 11 June.

    That’s when the Scots will face the brilliant Belgian side currently No 1 in the Fifa world rankings. But if that’s a date to be approached with genuine foreboding, it’s a less trailed event on the Scottish football calendar 24 hours later which could be just as significant in the ongoing malaise which has enveloped the country’s national team.

    On 12 June, the Scottish FA will hold its annual general meeting where, as things stand, Rod Petrie is poised to be elected unopposed as the governing body’s new president.

    There remains a possibility someone may lay down a challenge to the Hibernian chairman’s right of accession to the role. Rival candidates have until 31 March to lodge their intention to stand against Petrie and it’s understood there are some on Hampden’s sixth floor, perhaps further down the corridor in the offices of the Scottish Professional Football League, who are keen to see a contest rather than a simple coronation.

    Because for many of those keen to see progressive change at the top of Scottish football, Petrie is perceived as very much part of the problem. He was instrumental in the appointment of McLeish as national team manager in February last year, a recruitment process which became excruciatingly ham-fisted after the protracted and failed bid to persuade No 1 target Michael O’Neill to take the job.

    The decision to give it to McLeish, who had been out of work for almost two years, left the Scotland support underwhelmed to say the least. On the evidence of the execrable performance and defeat in Kazakhstan, it now looks like a major error of judgment on Petrie’s part.

    A member of the Scottish FA board since 2007, his path to the presidency has been mapped out for some time. But if they hope to rid themselves of their cliched image as an old boys’ network, then the established practice of simply passing the chains of office down the line should be stopped.

    That might be acceptable if being president of the Scottish FA was purely a ceremonial role. It isn’t. It is a position of considerable influence, including holding the casting vote in the event of a tied vote among the Scottish FA board of directors who are the final authority on any major decisions – including the hiring and firing of managers.

    Those who championed the credentials of Ian Maxwell when he was appointed chief executive of the Scottish FA last May painted the picture of a forward-thinking reformer, someone who could shake up the administration of the game for the better.

    The former Partick Thistle managing director has kept a relatively low profile while getting his feet under the table at Hampden. In fairness to Maxwell, his in-tray included myriad other legacy issues to deal with, including the future of the national stadium itself and the review of historical cases of child abuse.

    But like all of his predecessors as chief executive, Maxwell will ultimately be judged on the success or otherwise of the men’s national team. He inherited the appointment of McLeish but must lead the process of finding a replacement for him when the time comes, perhaps now sooner rather than later.

    It is Maxwell’s neck which will be on the line and he may well be asking himself if the system of hierarchy at the Scottish FA is fit for purpose in an organisation which had a turnover of £38.4 million last year.

    Celtic chief executive Peter Lawwell, who stepped down from the Scottish FA board two years ago, publicly raised exactly that question in the wake of Stewart Regan’s resignation as chief executive last year.

    While Lawwell insisted there was nothing to be gained by “personalising” the issue, there was little doubt who he was referring to when he criticised those “who have presided over the SFA for a number of years” and called for a restructuring at the top of the organisation.

    If Petrie simply ascends unchallenged to the presidency on 12 June, then any hope Lawwell or anyone else harbours for meaningful change in the way Scottish football is run will probably remain unfulfilled.



    One, er, Two Rules to Rule Them All
    Scotland: How does Alex McLeish stack up a year after first game in charge?
    By Stefan Bienkowski BBC Sport Scotland