I see some discussion on transparency of company ownership. The – The Scottish Football Monitor

I see some discussion on transparency of company ownership. The …

Comment on Time to Make Things Happen by neepheid.

I see some discussion on transparency of company ownership. The attached article explains the current position.
https://www.bdo.co.uk/en-gb/insights/business-edge/business-edge-2016/beneficial-ownership-register-opens-on-6-april-201

Recent Comments by neepheid

Is Regan a DIDDY?
This is worth a read on the Morelos transfer saga- apologies if already posted.

http://twohundredpercent.net/rangers-transfer-window/


Is Regan a DIDDY?
I see that Sir Walter is being touted for the Scotland manager vacancy. I can fully understand why the deadly duo of Jack and Jackson are pushing this so hard.
TRFC are (as always) in some financial difficulty, despite having a squad containing galacticos in the £8m bracket. They need to get the paper value of that squad even higher, to encourage the Real Rangers Men to come forward with donations (sorry, loans). Their children’s inheritance will seem so much safer if the club has some valuable tradeable assets on its books.
This is where Walter comes in. A few international caps can do wonders for the value of even the most pitiful dumpling. Just watch, as caps are doled out to every player in the TRFC squad who has a Scottish qualification. Look on in wonder as TRFC squad value is doubled or trebled in a matter of months.
That’s the plan, folks. Desperate men, desperate measures, and all that. Shame about the better players edged out of the Scotland reckoning, an even bigger shame for the Tartan Army, who will see any prospects of Euro/World Cup qualification go up in smoke.
By the way, I agree entirely with Homunculus regarding JJ’s latest. Whether true or not, it is a disgraceful piece. 


The Elephant in the Room
From Twitter. This made me laugh on a cold winter morning

UK Emergency Alert‏ @EmergencyAIert 35m35 minutes agoMoreEMERGENCY ALERT: THREAT INBOUND. SEEK IMMEDIATE SHELTER. THIS IS NOT A DRILL. REPEAT. THIS IS NOT A DRILL. SEVCO ARE GOING INTO ADMINISTRATION. REPEAT. SEVCO ARE GOING INTO ADMINISTRATION. SEEK IMMEDIATE SHELTER. THIS IS NOT A DRILL


The Elephant in the Room
GERRYBHOY67JANUARY 11, 2018 
I may be wrong but I understand the loans to be viewed as money taken from the company
I may be wrong but I understand the loans to be viewed as money taken from the company –HMRC Guide  https://www.gov.uk/directors-loans 1. OverviewA director’s loan is when you (or other close family members) get money from your company that isn’t:a salary, dividend or expense repaymentmoney you’ve previously paid into or loaned the company– please advise?
++++++++++++++++++++++++
That HMRC advice relates to the common situation where directors borrow money from their company. Here RIFC (or TRFC?) has borrowed money from its directors.


The Elephant in the Room
DARKBEFOREDAWNJANUARY 10, 2018 at 04:39
A number of “internet ballots” suggested at the very start that this was a long drawn out plan for which SDM acquires the club back again debt free at a future date. With his cohorts Murray and Johnston effectively now calling the shots with Kings ‘cold shoulder’, this scenario doesn’t seem quite as far fetched as people once thought. 
++++++++++++++++++++++++++++
I suggested on here back in 2012 that SDM was still lurking in the background pending a return, and got pelters for my trouble. Probably rightly. 
However 2012 is a long time ago. Would he have had the patience to sit it out that long, while watching the dismal saga of “the journey” unfold? 
He does have the money to buy out King. But why would he? He’s not a Real Rangers Man in the usual sense. Maybe he wants to make amends for what he sees as a stain on his reputation? Do very rich people even think like that?
Whatever his intentions, the current Board lineup at Ibrox bears an uncanny resemblance to the old regime. Coincidence? Maybe, maybe not. Nothing would surprise me now.
I see JJ is blogging this morning (on Phil’s coat tails as usual) regarding an imminent pre-pack administration, aimed at getting King out. I just can’t see how that works. Apart from anything else, surely King could block such a move? I’ve never heard of a pre-pack being implemented in the face of opposition from the largest shareholder. And isn’t club 1872 in the King camp?
This has the look of a classic stand-off between King and the rest of the Board. Money is urgently needed to keep the club going, so who will blink first? And what happens if no one blinks? In that case it has to be an unplanned administration. That would be a disaster. On the face of it, such an administration would be unfunded, and the administrator would have no choice but to cease trading, lock up the premises and put everything up for sale. 
I can’t see that happening, personally. Someone will blink, and cough up just enough to keep things going for now. But that’s hardly a business plan.
As for the horrors of the cold shoulder? We must wait and see. I’m not sure that it will be the game changer that many seem to think. King may have to resign, and he might be found in contempt of court, but his shareholding will remain, which is the real block to progress.  
The best answer for the club is for someone to buy King out, probably as part of an agreed pre-pack administration. That surely must happen soon, or the club is going to go backwards. Who has the inclination, and more importantly the money? SDM? Ashley? Kennedy? A.N. Other? Not the current Board, though, that seems pretty certain.


SSL Certificates