Bing (2) Posted October 30, 2014 Share Posted October 30, 2014 David Somers non-executive Chairman, will become Executive Chairman of Rangers on a temporary basis with immediate effect. In this role, he will liaise directly with senior staff within the Club about the operation of the business, and he will oversee the recruitment of a new Chief Executive and Finance director. That won't be free I imagine. 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted October 30, 2014 Share Posted October 30, 2014 Can this be true !??? (Chortle) http://www.accountancyage.com/aa/news/2373255/former-rangers-owner-whyte-in-15-year-directorship-ban FORMER owner and chairman of Glasgow Rangers FC Craig Whyte has been banned from holding company directorships for 15 years by the Insolvency Service.He was handed the maximum tariff with effect from 21 October "for failing to avoid conflict of interest in the running of the club". The sanction will run until 20 October 2029.Whyte purchased the club for £1 from Sir David Murray less than a year before the club collapsed. It was placed into administration in February 2012 and was subsequently wound up by the Court of Session in Scotland in October 2012. He was also a director of Tixway UK, which was wound up by Court of Session in Scotland in July 2012.During his tenure ar Rangers, Whyte struck a deal which saw the club enter into an agreement to effectively fund the purchase of its own shares. He also took that and other decisions without consultation with fellow members of the board, impeding "proper corporate governance". Additionally, HMRC issued a winding-up order after the club failed to pay its tax liabilities, estimated to be about £14m and is still the subject of a separate dispute.Business Minister Jo Swinson said: "The court has disqualified Craig Whyte for 15 years for the harm he caused to Rangers Football Club, and to the many football fans who believed in his promises."Mr Whyte bought a much-loved club, and promised fans that he would provide further cash to bring success. However, he caused the club to use this money to fund the purchase of its own shares, reducing funds for investment. He also failed to consult other directors on important decisions meaning that his behaviour went unchallenged."Such blatant lack of regard for proper corporate behaviour and control does not have a place in modern society."Directors have a clear, statutory duty to ensure that their companies are run properly, for the benefit of the creditors, shareholders and, in this case, fans who believed in him."Administrators from Duff & Phelps negotiated a sale of the club's assets to a consortium led by Sheffield United chairman Charles Green for £5.5m. Green has since formed the new club, ( ) which plays in the Scottish Championship. Liquidators from BDO were appointed to Rangers oldco and are currently investigating the books to determine whether further repayment can be made to creditors, and to pursue any outstanding debts owed. NEVER gets old this stuff... Someone call UEFA !!! -1 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted October 30, 2014 Share Posted October 30, 2014 no8 started a thread where he asked rangers supporters a sensible question = not allowed but if a p or d starts a half witted lets wind-up the rangers thread that would have been locked by the mods if it was aimed at any other club = allowed no wonder there are so few bears on this forum. a vital part of a topic or discussion is to read both sides opinions and give both sides equal consideration in getting their thoughts across otherwise the conversation become biased one way and large parts of what would be an important contribution to the subject is never read/heard and is lost. What question did No8 ask that wasnt allowed?? Its a fairly simple concept. This thread started as a discussion on Rangers financial woes. Until such time as they stop, this will be the main thread for discussing anything relating to that side of the club. Ashleys ownership falls squarely into that category. Threads about McCoist or players or anything else connected to the club dont, therefore, can be discussed in other threads. I relented and re-opened the Ashley thread but if it becomes a duplicate discussion to here then it will be closed again 0 Quote Link to comment Share on other sites More sharing options...
shull Posted October 30, 2014 Share Posted October 30, 2014 A Knighthood for Mr Whyte please. Maybe one for Mr Ashley also when he finishes the job. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted October 30, 2014 Share Posted October 30, 2014 The final straw for the bears would be if Ashley was a secret Timothy agent .... now that would be a fitting end to this farce. Agreeing with this dipstick isn't easy but i've been thinking similar myself, just too much hassle to flog a few Rangers shirts. 0 Quote Link to comment Share on other sites More sharing options...
rangers_daft Posted October 30, 2014 Share Posted October 30, 2014 not my cup of tea but least hes a class above what we have at the mo , he should stop the loss of money at celtic park when sevco returns . 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted October 30, 2014 Share Posted October 30, 2014 (edited) What question did No8 ask that wasnt allowed?? Its a fairly simple concept. This thread started as a discussion on Rangers financial woes. Until such time as they stop, this will be the main thread for discussing anything relating to that side of the club. Ashleys ownership falls squarely into that category. Threads about McCoist or players or anything else connected to the club dont, therefore, can be discussed in other threads. I relented and re-opened the Ashley thread but if it becomes a duplicate discussion to here then it will be closed again Wouldn't it just be easier to give get that batman pic guy to give me mod powers, you put your feet up/go onto x hamster and allow me to clean house. Edited October 30, 2014 by bennett 0 Quote Link to comment Share on other sites More sharing options...
Stag Nation Posted October 30, 2014 Share Posted October 30, 2014 Business Minister Jo Swinson said: "The court has disqualified Craig Whyte for 15 years for the harm he caused to Rangers Football Club, and to the many football fans who believed in his promises. Mr Whyte bought a much-loved club, and promised fans that he would provide further cash to bring success. However, he caused the club to use this money to fund the purchase of its own shares, reducing funds for investment. He also failed to consult other directors on important decisions meaning that his behaviour went unchallenged. Such blatant lack of regard for proper corporate behaviour and control does not have a place in modern society. Directors have a clear, statutory duty to ensure that their companies are run properly, for the benefit of the creditors, shareholders and, in this case, fans who believed in him." This is typical poitician's drivel, saying what she thinks the fans want to hear. Directors have no statutory duty to the fans, and that wasn't why Whyte was disqualified. 0 Quote Link to comment Share on other sites More sharing options...
Wee Willie Posted October 30, 2014 Share Posted October 30, 2014 Business Minister Jo Swinson said: "The court has disqualified Craig Whyte for 15 years for the harm he caused to Rangers Football Club, and to the many football fans who believed in his promises. Mr Whyte bought a much-loved club, and promised fans that he would provide further cash to bring success. However, he caused the club to use this money to fund the purchase of its own shares, reducing funds for investment. He also failed to consult other directors on important decisions meaning that his behaviour went unchallenged. Such blatant lack of regard for proper corporate behaviour and control does not have a place in modern society. Directors have a clear, statutory duty to ensure that their companies are run properly, for the benefit of the creditors, shareholders and, in this case, fans who believed in him." This is typical poitician's drivel, saying what she thinks the fans want to hear. Directors have no statutory duty to the fans, and that wasn't why Whyte was disqualified. Can we have a YES/NO vote on that ? 0 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted October 30, 2014 Share Posted October 30, 2014 Wouldn't it just be easier to give get that batman pic guy to give me mod powers, you put your feet up/go onto x hamster and allow me to clean house. 0 Quote Link to comment Share on other sites More sharing options...
lithgierose Posted October 30, 2014 Share Posted October 30, 2014 at least give any mod status to some body that actually goes to games. 0 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted October 30, 2014 Share Posted October 30, 2014 Is that a NO? Well, obviously its not up to me. I'll be sure to mention it to him at the next mods night out ... honest 0 Quote Link to comment Share on other sites More sharing options...
CityDave Posted October 30, 2014 Share Posted October 30, 2014 http://www.rangers.co.uk/news/club-news/item/7957-replica-stadium-bricks Administration escape action plan 1 - advertise and sell some more bricks 0 Quote Link to comment Share on other sites More sharing options...
Curler Posted October 30, 2014 Share Posted October 30, 2014 Sally will need to get rid of some of the oldies in his current team so he can use the money raised as it clearly states the money is going to youth development. 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted October 30, 2014 Share Posted October 30, 2014 http://www.rangers.co.uk/news/club-news/item/7957-replica-stadium-bricks Administration escape action plan 1 - advertise and sell some more bricks Ahhhh, The old brick in the sock tactic..... Very Weasedale-esque thinking right there... Wtf is a REPLICA brick ?? 0 Quote Link to comment Share on other sites More sharing options...
The_Kincardine Posted October 30, 2014 Share Posted October 30, 2014 (edited) I relented and re-opened the Ashley thread but if it becomes a duplicate discussion to here then it will be closed again I know you're between a rock and a hard place on this but pretty-much every every thread about Rangers becomes a mini-BRALT. The diddies and plastics can't help themselves. They regurgitate the same asinine bollocks at any opportunity. Edited to add 'plastics' to placate Dhense. Edited October 30, 2014 by The_Kincardine -1 Quote Link to comment Share on other sites More sharing options...
The_Kincardine Posted October 30, 2014 Share Posted October 30, 2014 You could be polite and just say Bennett, Tedi, No8 and FB ... Oh did I miss you out, pet lamb? I have noted your comment and updated my post out of respect for you ghirls. 0 Quote Link to comment Share on other sites More sharing options...
Bing (2) Posted October 30, 2014 Share Posted October 30, 2014 The diddies and plastics can't help themselves. They regurgitate the same asinine bollocks at any opportunity. Such as.... We're pure the same club, the sfaecauefascottishparluamentuneunemployementofficemylocalpubmygrandmasterfatherinlawtheudfthequeenevenmccoist pure said so do they did. Eh naw. Youz died. Sup it up b h. 0 Quote Link to comment Share on other sites More sharing options...
WILLIEA Posted October 30, 2014 Share Posted October 30, 2014 at least give any mod status to some body that actually goes to games. If you're referring to Mr X he goes home and away almost without fail. ( If he is who I am 99% certain I think he is ) 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted October 30, 2014 Share Posted October 30, 2014 (edited) If you're referring to Mr X he goes home and away almost without fail. ( If he is who I am 99% certain I think he is )I think he was referring to Bennett's abortive bid for mod powers, wasn't he? Edited October 30, 2014 by Monkey Tennis 0 Quote Link to comment Share on other sites More sharing options...
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