Mod Post: A reminder to folks that trying to bait supporters by posting alternate names for a football club may lead to a yellow card. Folk are welcome to post in any superthread they wish to, but nobody is free to use superthreads or this forum in general as somewhere to try and bait/flame/troll other posters.
Douglas Fraser @BBCDouglasF 4m Walter Smith: board "rarely found consensus; highly dysfunctional environment; need to restore stability & integrity to boardroom" #rfc
lubo_moravcik wrote: » Ah well, another day another drama. I thought with the new season starting you lot would be on the back pages rather than the front
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.
Dempsey wrote: » http://www.bbc.co.uk/news/uk-scotland-glasgow-west-23587678 That makes perfect sense!
lubo_moravcik wrote: » Did the money go to the club or the holding company?
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.
Jelle1880 wrote: » Still going on about that ? AC Milan agreed to it, only one group of people have a problem with it it seems. Unlike the so called Henrik Larsson 'Charity' Dinner.
Dempsey wrote: » I only brought it up today because the regulator has made a judgement. Milan agreed to the match, dont think they agreed to morally and ethnically bankrupt trustees that abused their positions. Why dont we stay on topic? You always want to change the subject when its a negative headline
Dempsey wrote: » Dont tell me you believe that bull?
Jelle1880 wrote: » I'm sure that's why.AC Milan actually did agree to not only play the game but to give the proceedings to the Rangers Charity Foundation. The fact you do away with BBE's post since it doesn't suit your 'Rangers pyoor cheated AC Milan' pretty much proves that you're not just posting it because a decision was made, but to stir things up further in this thread. The ruling essentially says that if the bulk of the money didn't go to Rangers then the match would not have been able to take place and the charity would have received no money whatsoever. And my mention about the Larsson dinner isn't changing the subject, merely pointing out that mistakes are made all over the place. Some get highlighted by dodgy lawyers who steal money from miners, others get forgotten about.
Broxi_Bear_Eire wrote: » There's no reason why I shouldn't but then I don't expect you to understand that and I don't care
Dempsey wrote: » The judgement was released by the charity regulator today, I'll read and listen to what they have to say over the culprits trying to save face. As for the bolded, did you even read what happened? The bulk of the proceeds didnt go the charity, it ended up in D&P's pocket. It seems you are arguing for the sake of it and trying to defend the indefensible. There wasnt even an investigation into what happened in the case of those Larsson dinner events and the organizers of the event have nothing to do with Celtic. There is a world of a difference between the two scenarios.
"Although the decision was a breach of legal duties, it was made in good faith and in the interests of the charity given the risk that otherwise the fundraising event might not have taken place." The 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."
Statement in response to comments from Rangers FC Tuesday, 06 August 2013 Scottish FA spokesperson: In response to the recent public comments from Rangers FC, and in particular Craig Mather and Ally McCoist, the Scottish FA offers the clarification requested with regard to Insolvency Rules under the Judicial Panel Protocol. As yet the Scottish FA has not received a formal, written request for clarification by Rangers. Notwithstanding the fact that a full note of reasons was published by the Judicial Panel Chair, Gary Allan QC, at the time of the determination - disseminated to the club directly, and to the public via the media – we are happy to reiterate the salient points in the interests of clarity and transparency: • The Disciplinary Rules of the Judicial Panel Protocol provide a sliding scale of sanctions, with a suggested tariff of low-end, mid-range, top-end and maximum. This reflects the potential variations in seriousness of any breaches and any aggravating or mitigating factors. • Rangers were fined £50,000 for a breach of Rule 14(g) based on the panel’s view that the evidence presented on both sides merited a sanction at the maximum end of the tariff. This was evidenced in the Note of Reasons: Page 30 – “At the time of the first withheld payment in September 2011 Rangers FC’s financial situation was such that it could have made the payment due to HMRC.” Page 33 – “The non-payment was a deliberate act in furtherance of a decision of the Chairman and director of Rangers FC not to make payment as a negotiating tactic in the resolution of ‘the Big Tax Case’.” Page 56 – “In the case of the non-payment of tax (which was possibly by the smallest margin the most serious breach) the massive extent of the failure and the intentional and calculated manner in which it was carried out aggravated the breach even further”. • Rangers were placed into administration following the deliberate non-payment of social taxes, despite – in the evidence provided - having the money to do so when the decision was first taken to withhold the money. This was not a feature in the Heart of Midlothian or Dunfermline Athletic cases. • Contrary to Mr Mather’s statement, Rangers’ registration embargo was applied in a separate rule breach, Rule 66 – Bringing the Game into Disrepute. • The administrators in the two other cases (Heart of Midlothian and Dunfermline Athletic) submitted that fines would be inappropriate as the clubs effectively had no money and any fine could jeopardise attempts to save the club. They made submissions on their clubs' financial position to reinforce their view. • Rangers' lawyer, in contrast, specifically asked for the club to be fined in respect of Charge 3, or Rule 14(g). He did not lead evidence of Rangers' financial position or ability to pay any fine. • Rangers did not appeal the fine.
Dempsey wrote: » Seems you stopped reading when you saw good faith, I didnt
Jelle1880 wrote: » Kind of hard not to, since it was the last paragraph. It's the same ****e you were spouting after the EBT verdict. Rangers were not punished yet you kept banging on a single line in the verdict to claim that we were guilty etc.
Jelle1880 wrote: » Kind of hard not to, since it was the last paragraph. It's the same crap you were spouting after the EBT verdict. Rangers were not punished yet you kept banging on a single line in the verdict to claim that we were guilty etc.
Dempsey wrote: » Why does Charles Green want McColl to pay £14m for shares that are only worth £8.2m on the stock market?
Eirebear wrote: » It's a general mindset, i wouldn't worry about it too much. Once we're back to playing them off the park and winning trophies
Eirebear wrote: » I guess he's entitled to set an asking price for them like anything else. Anyway, McColl has said he's not interested.
Dempsey wrote: » Something strange about it though considering Sevco are going to publish losses in excess of £10m this year and they are in need of another cash injection in the medium term. Strange business tactic considering he says himself that the club is in a mess.
A Dub in Glasgo wrote: » Just seen Green's interview on STV News, this saga is great entertainment https://www.youtube.com/watch?v=laFMUT_QQUM