Big Rangers Administration/Liquidation Thread - All chat here!

[~~~]

You implied that Celtic have never complained about the BBC, the article shows that they have.

8000 complaints

You said we are bitter about Rangers, safe to say we both know this isn't true

Nice try and deflection though. Next time you should consider holding a protest outside Hampden and blame the SFA

[Rovers_Lad]

oh dear

Charity regulator criticises 'misconduct' over Rangers v AC Milan game

The charity game between Rangers Legends and AC Milan Glorie was played at Ibrox last year

The charities watchdog has strongly criticised trustees of the Rangers Charity Foundation after cash raised at a match went to the football club.

The fundraising game between Rangers Legends and AC Milan Glorie took place after the club entered administration.

A complaint was raised after it emerged that almost £200,000 went to the club rather than the charity.

The Scottish Charity Regulator has now ruled that the decision-making of the trustees "constituted misconduct".

However, it decided not to take action against any of the trustees.

The regulator's report states that the Rangers Charity Foundation had three trustees at the time of the game - all of whom were employed by or held senior positions at the club.

A fundraising dinner and the football match between Rangers Legends and AC Milan Glorie had already been scheduled for 29 and 30 March 2012 when the club entered administration on 14 February.

Income control

One of the trustees alerted the administrators, from Duff and Phelps, of the club's commitment to provide support for the event.

The report states that the trustee believed there was a risk that the administrators would not allow the game to go ahead if it was not in the interests of creditors.

Continue reading the main story “Start Quote

The charity's decision-making process, which allowed important decisions to be made by one trustee acting alone, was in breach of trustees' duties”

Scottish Charity Regulator

The trustee agreed to assign control of the income from the charity match to the administrators to ensure that the club could recover costs.

Before this decision, the Rangers Charity Foundation had been due to receive 60% of the net profit from the game plus a management fee of £25,000.

As a result of the trustee assigning income control to the administrators, the charity only received 10% of the net profit - £38,286 - plus the management fee.

This meant that £191,430 of profit that had been due to go to the charity went to the administrators who were running club.

In its ruling, the charity regulator said: "The charity's decision-making process, which allowed important decisions to be made by one trustee acting alone, was in breach of trustees' duties and constituted misconduct on the part of the charity trustees as a whole."

The regulator said that since the charity was set up, there had been "an inherent conflict of interest" because of the trustees' connection to the club.

It also states: "In addition, the conflict of interest presented by the assignation was not managed appropriately and professional advice was not obtained as required by the charity's trust deed."

The regulator added: "Having looked carefully at the whole situation, [the regulator] has not found that the ongoing risks to charitable assets or to the reputation of the sector justify [the regulator] taking action against any of the trustees."

The regulator's report noted that one of the three trustees "did not respond to any of our requests for inf

[Double Jack D]

No dividend without profit, impossible.

Two years season tickets in one years accounts plus a £22m IPO may show enough profit for a dividend?

Who cares though, all the main players are on significant 6 figure salaries anyway..... even Durrant!

[stonedsailor]

Not true in the slightest, people are perfectly entitled to their own opinions on the matter, I am happy enough with my opinion which happens to match all the relevant authorities, quite content.

The SFA & FIFA, relevant authorities? Did they not find that the new club had no claim to the player registrations of MacGregor, Naismith etc?

[Double Jack D]

Oh FFS you think the IPO money can be counted in this way and shown against profit?

Like i said, who cares, there are other ways to extract money from a football club.

edited for typo!

Edited August 6, 2013 by Double Jack D

[aofjays]

Lots of bitter plastics then, I agree.

To be fair to the other ugly sister, they've never actually marched on the bbc have they? In the bitterness stakes trifc really are world beaters.

[aofjays]

for the 54th time, I do not care

But you keep commenting on it. A bystander without any preconceived notions would find you protestations of indifference hard to swallow. People familiar with the thread will just laugh.

[aofjays]

To be fair at least our march was legal.

The 8000 complaints to the BBC were illegal? Really? Or are you just spouting irrelevant nonsense again in a bid to deflect? I think we all know the answer to that one.

[stonedsailor]

for the 54th time, I do not care

You don't care that in the only cases where a ruling was made by the home association and the federation of interntional associations on the subject of the two clubs being the same shows they are not? Yet you are quite happy to claim the relevant authorities recognise continuation? Are FIFA, the SFA and UEFA not the only relevant authorities?

[graeme_p]

Same old tricks from the Ranger ripping off their won charity.

The Scottish Charity Regulator has now ruled that the decision-making of the trustees "constituted misconduct".

However, it decided not to take action against any of the trustees.

The regulator's report states that the Rangers Charity Foundation had three trustees at the time of the game - all of whom were employed by or held senior positions at the club.

Why has the regulator decided not to take any action. If they have decided that the decisions making constituted mis-conduct why are they not pursuing this?

The OSCR are a taxpayer funded service. Why are they not acting on our behalf to follow this up. Must be a conspiracy as well.

[aofjays]

I could say the exact same thing back of course

You could? Go on then.

[Dirty_Arab]

Boardroom must resemble the Reservoir Dogs showdown.

[stonedsailor]

Same old tricks from the Ranger ripping off their won charity.

The Scottish Charity Regulator has now ruled that the decision-making of the trustees "constituted misconduct".

However, it decided not to take action against any of the trustees.

The regulator's report states that the Rangers Charity Foundation had three trustees at the time of the game - all of whom were employed by or held senior positions at the club.

Why has the regulator decided not to take any action. If they have decided that the decisions making constituted mis-conduct why are they not pursuing this?

The OSCR are a taxpayer funded service. Why are they not acting on our behalf to follow this up. Must be a conspiracy as well.

Rangers are dead, how can action be taken against them?

[stonedsailor]

Yep that sounds about right, sorry stoney, you will not find me caring any time soon.

Then stop lying about the relevant authorities recognising continuation.

[stonedsailor]

I haven't lied, stop lying.

You are a proven liar.

You just make shit up and pass it off as fact, you confused yourself over UEFA and lied about FIFA and the SFA.

[aofjays]

where did I say the complaints were illegal, stop making stuff up

Stop pretending to be stupid (unless you are really this thick, in which case I'm sorry).

When you said, "To be fair at least our march was legal." you inferred that celtics complaints were not (since they were the subject we were discussing). Unless you were claiming Celtics non-existent march on the BBC was illegal but that would be moronic. Of course the third possibility is you were just spouting pish completely irrelevant to the topic in hand in a bid to deflect from your fellow supporters obvious bitterness.

[Double Jack D]

Same old tricks from the Ranger ripping off their won charity.

The Scottish Charity Regulator has now ruled that the decision-making of the trustees "constituted misconduct".

However, it decided not to take action against any of the trustees.

The regulator's report states that the Rangers Charity Foundation had three trustees at the time of the game - all of whom were employed by or held senior positions at the club.

Why has the regulator decided not to take any action. If they have decided that the decisions making constituted mis-conduct why are they not pursuing this?

The OSCR are a taxpayer funded service. Why are they not acting on our behalf to follow this up. Must be a conspiracy as well.

Rangers are dead, how can action be taken against them?

Who were the trustees? Surely it is their responsibility rather than Old Rangers?

[bennett]

You said we are bitter about Rangers, safe to say we both know this isn't true

Nice try and deflection though. Next time you should consider holding a protest outside Hampden and blame the SFA

It was you who changed the subject to the BBC, not me.

8000 complaints

[bennett]

Lots of bitter plastics then, I agree.

Even now i still can't believe just how bitter towards us they are.

At the end of the day it's only a game.

[TheLip69]

Can someone help me with my WATP acronym?

The first half is 'Walter Ambulates' but I'm stuck with the second part.

I'll offer a greenie as a prize for the best suggestion.

The Plank