September 27, 2013 · 6:07 pm
Official confirmation came this week, firstly from the Court of Session case list and then from Rangers itself that Mr Ahmad had initiated court proceedings for damages against his former employer.
The official Rangers statement said:-
Rangers fans are now aware of a Court of Session action brought by the Club’s former Commercial Director Imran Ahmad and in response has released the following:
“Mr Ahmad’s lawyers have lodged his summons at the Court of Session. This is simply a procedural step which the Club anticipated. The Club’s lawyers are of the view that his claim is unfounded in fact and in law and is likely to fail.
“They have advised the court that the claim will be defended robustly. Mr Ahmad’s claim is for £500,000 in alleged unpaid bonuses and not the sum previously claimed in his pre action correspondence which was in excess of £3 million.” Continue reading →
September 15, 2013 · 9:00 am
It is common for businesses to have subsidiaries nesting inside like Russian dolls. That happens in football as well as in commerce generally. It rarely provokes any interest and even less comment.
However the existential pondering on the nature of Rangers Football Club, and its separate identity from that of the company/companies/people who own it makes this a rather more interesting discussion when it comes to RIFC PLC and The Rangers Football Club Limited.
How companies are structured – a graphic representation
Let’s first of all have a wee look at how quickly times can change. Continue reading →
September 14, 2013 · 6:44 pm
Dozens of Rangers investors have been airbrushed from the club’s history which we all know is vitally important to the Ibrox fans. These were the doting parents that gave birth to the new Rangers last year and their dosh became the life-blood flowing through the infant’s previously blue body as it blinked for the first time in the light of day. Little did anyone think back then that Vampires would soon be perched on the dodgy stand roofs.
To deny the existence of the missing investors – a lot of whom prefer to be faceless right enough – is akin to the Rangers club telling the Bears that the Gallant Pioneers had never existed and had never formed The Rangers and like the records of their rowing club had disappeared without trace. So why are the Bears not revolting? A good question IMO.
And it’s not just shareholders that have been consigned to the dustbin of history but even club directors have begun to disappear into the ever increasing ‘black hole’ surrounding Ibrox as the inmates attempt to dig an escape tunnel as they aren’t as fleet of foot as Chuckles and want to slip away under cover of darkness. Continue reading →
September 12, 2013 · 1:44 pm
Charles Green departed Ibrox not to the triumphal strains of Zadoc the Priest but to the more mournful tolling of the plague bell. Now the doors of the dead are about to be opened in a bid to cleanse and expose the shocking but hitherto hidden and mouldering secrets lurking in an empty warchest.
A key to unlocking many puzzling mysteries and ‘Bringing out the Deid’ into the cold light of day could be publication of the Annual Returns for both Sevco 5088 and Sevco Scotland both of which are well overdue and Companies House are duty bound to employ their sanitation hit squad asap.
I have dealt in detail with various issues concerning these companies as above but I feel it is worth going back to basics to try and understand the conflicting information distorted by smoke and mirrors. Hopefully others with statutory investigative powers will cut through the fog and set the record straight. In this piece, as previously, I will try to use official documents and recorded sources and keep speculation to a minimum although I have no doubt others will fill in the blanks. Continue reading →
September 9, 2013 · 4:00 pm
A desperate and long-running battle is being waged over control of Sevco 5088 Ltd which lies at the heart of the ‘WHO OWNS RANGERS’ riddle.
Attempts to send the company to an unmarked watery grave appear to have failed and the Registrar at Companies House has withdrawn documents from public scrutiny which attempted to remove two of the three directors controlling the company.
This story has enormous repercussions for the SFA and the future of Rangers; Ticketus; shareholders of Rangers International Football Club; a London court case next month; the BDO investigation into Rangers; the main players viz Charles Green, Craig Whyte and Aidan Earley.
Continue reading →