On the site yesterday, I produced a list of questions that the Scottish mainstream media might like to ask of past and current custodians over at Ibrox.
Perhaps it was too much, too soon for them.
So lets be a little more specific…
First of all, click on this link, from companies house gov.uk, which concerns the Rangers FC Group, which is not to be confused with the Rangers International football club.
Or is it ?
There’s one of the questions, I suppose…
Who are they ?
- Registered office address
- 1 The Green, Richmond, Surrey, TW9 1PL
- Company status
- Active
- Company type
- Private limited Company
- Incorporated on
- 17 September 2010
Accounts overdue
First accounts made up to 30 April 2011
due by 16 April 2012
Confirmation statement
Next statement date 17 September 2017
due by 1 October 2017
Last statement dated 17 September 2016
Nature of business (SIC)
- 70100 – Activities of head offices
Previous company names
| Name | Period |
|---|---|
| WAVETOWER LIMITED | 17 Sep 2010 – 12 May 2011 |
We are aware of who Wavetower are, or were…aren’t we ?
Another name on the list of directors, although listed as Active, where Whyte is listed as having resigned in April 2014, is Richard James Spurway, who also happens to be a director of a few other rather familiar sounding companies…
LIBERTY CORPORATE LTD (05831290)
LAW FINANCIAL LIMITED (08440073)
WORTHINGTON PRINCIPAL EMPLOYER LIMITED (06146939)
WORTHINGTON GROUP PLC (00527186)
A coincidence , I’m sure..
Liberty Corporate and Law Financial are also listed as directors of the Rangers Group. Nothing wrong with any of that.
What is interesting is the filing history, especially on the 13 October 2015.
Which throw up a whole basket of questions to be asked of the basket of assets..
So, click on the link, click on filing history, click on the 29 page pdf submitted and the first page will appear.
The one that gives a brief summary..
Law Financial, and their “floating charge”, which “covers all the property or undertakings of the company ”
What then follows is a Debenture betwen Law Financial and The Rangers Group in relation to a £20,000,000 secured loan.
In it are contained a few things that need to be explained so that we can all drop this same club/different company malarkey, and get to the bottom of who owns ibrox, and who is responsible for the repairs which are apparently needed to make it safe.
That is my main concern here, as no public assurances have been made as to the safety of Ibrox Stadium.
You see, I have absolutely no idea what any of this means, which is why our press, those who are paid to look into this sort of thing, and either reassure or condemn on the basis of their findings , and clarify what is meant by such terms as
Nature of Security over Real Property ( p.3, 1.4 )
or
(p,4, 3.1 )
Security Trusteeship.
I can’t figure out who owns Ibrox, and therefore cannot work out who is responsible for the maintenance.
Who is the Security Trustee ?
Who are the “Receivers “?
Which of them has to get the builders in ? If, indeed, they are needed.
Because over on page 26, we have..
A receiver “may ” undertake repairs.
Not must undertake them, not even a note about keeping within any necessary health and safety rules.
Perhaps I’m worrying over nothing, and if so, thats a relief.
Though I’d feel much better if those who do know the answers were being asked the relvant questions, and I’d feel even better if someone publicly said something like it’s our ground, and it’s our responsibility to make sure its in order.
All of the information contained within this article is available on the Companies house website.
Surely I can’t be the only one who has noticed it ?
Free and Press,two words that are completely alien to Scotia.
oxymoron. Indeed, Mike.
I was reading up on obtaining power of attorney over a relative, and a receiver is someone appointed by a court if the party isn’t capable of making their own decisions (like to agree to a power of attorney).
It sounds very much like the receiver in this case could be appointed to deal with someone’s assets in lieu of the 20m loan mentioned above. It sounds like the receiver may have control of the assets.
How on earth does sevco get a licence to operate, when the place is full of asbestos and dangerous to all? Seem`s that the powers that be are in the same hand shaking group of friends, other-wise they would be shut down —– NOW.!!!
This was highlighted in the comments section on JJs site a couple of days ago,he said he was going to do a piece on it later.
My first reaction to this piece was to think, “so what?” But such a reaction is simplistic. The concerns raised here could potentially impact not only the fans of “rangers” but also any visiting fans to Ibrox, including thousands of our own in December. I am talking about their safety.
Now there is a conflict here. Does an investor have the right to privacy if he/she wishes it? This is set against the issues of public safety and accountability. I do not know what the Law says on this matter but in my opinion public safety trumps everything.
One could go on asking many questions about what is going on here and what has gone on without any appreciable progress being made. However, this entity or entities has been granted a licence to play football in the Scottish leagues. Surely, the licencing body has asked the relevant questions and been satisfied by the replies. Do they know who is accountable for the safety of the ground and the appropriate day to day operation of the business? If they do know and are keeping it confidential that is one thing. However, if they do not know, then there are questions over due diligence being applied during the licencing process. In the event of a disaster, in my opinion, not only are the Trustees/Receivers responsible but so, potentially, are the licencing body. If not legally, certainly morally.
I doubt the main media in Scotland will pursue these issues unaided. Pressure needs to be applied and the meaningful pressure should come from the newco fans themselves…….they are the ones most at risk. No surrender will mean nothing against several tons of rusting steel if it descends from above. If these fans cannot think of themselves, they should think of their families who will be left behind.
This is way beyond a football matter and way beyond partisan considerations.
Rebus
I posted a long piece a little time ago. It seems to have vanished. Maybe it is in purgatory or is in the trash. Can someone check?
Rebus
“Trash”? Whoa…been in Canada a long time Rebus.
HAIL HAIL N aw that!
The safety aspect of Ibrox should really be a concern to all involved with Football in Scotland.
Without coming across as a point scoring arsehole (as has been levelled previously about this subject when talking to blue noses) the track record at Ibrox has shall we say been less than satisfactory over the lifetime of the club(s)
It was highlighted after the Ibrox disaster that the Board of the Club were guilty of neglecting their duties in making sure safety was a priority and whilst the loss of life of 66 fans was not their fault directly they were aware of the problems and issues with that particular part of the ground.
These people chose to ignore that (for whatever reason) ans as a result a terrible tragedy unfolded that could have in hindsight been avoided?
If it’s a cost thing then I would be fearful that yet again a Board entrusted to look after paying customers are putting finances before the safety of them?
If so then the Authorities and Mdeia have a responsibility to ask questions BEFORE someone gets hurt.
Charlie,
My missing piece says more or less the same thing. Great minds or fools?
Rebus
Charlie Saiz,
I wouldn’t call you ” point scoring ” but you are an arsehole!
🙂
I shall have to accept that with you being a living legend in that particular role.
🙂
😉
What finances? They don’t have any and should be shutdown with immediate effect or forced to play at the fifty pitches.(I know they aren’t there anymore)
tcsi get a hawd ae sheriff irvine smiths book law life and laughter and read what he says aboot the ibrox disaster and the press at the time ignored it they are a fuckin disgrace
Sheriff Irvine Smith was the local sheriff at Rothesay Court when he went into semi retirement.
He once had a local guy in the stand who was in for assault…
On sentencing he gave the guy 3 months in Bar-L to which the guy responded:
“Three month? I can dae three month standin on ma heid”
To which Irvine Smith responded:
“Well here’s another 3 to get you back on your feet again”
6 moths he got.
months’
aye the auld wans are the best wans ha ha
For a fact, I know that there has been TWO health and safety procedures lodged against the Ibrox estate. Rangers have already approached the SFA to hire Hampden.
The issue is rent. Rangers offered c.£500k pa. SFA want £150k pcm.
Jimmy,
Who issued the Health and safety procedures?
Just like their wee boys club,it’s clouded in secrecy and don’t dare ask,to me… it smells of, what are you hiding? Just tell the truth for once and for the sake of the punters you continually fleece every week,…when you think about, one of these knuckle draggers must be asking the same…you would think,but there you ostrich mentality…:)
Go
Just like their wee boys club,it’s clouded in secrecy and don’t dare ask,to me… it smells of, what are you hiding? Just tell the truth for once and for the sake of the punters you continually fleece every week,…when you think about, one of these knuckle draggers must be asking the same…you would think,but there you go..the ostrich mentality…:)
My mate Frank ( may he rest in peace) and I were driving into Celtic Park in the late 90’s when Chic Young ( may he shit nothing thicker than black thread) came on the Radio to say the game was off.
High winds had dislodged a six foot long piece of flashing and it was dangling high above the ground.
It doesn’t remotely compare with 3 roofs apparently being in danger of collapsing…but we are in Scotland remember.
Every trick in the book is and will be used to protect this shower.
It’s a big shame. The best journalists aren’t paid journalists!
The Scottish SFA,Quote,we will be completely open and accountable, pish.
The SPFL, Quote we wish to be completely open to everyones opinion,nothing will be hidden. Mair pish.
The Celtic fitba. club, the three wise monkeys.
The Rankers International Fitba. Club.
Removed the constraints of openness and accountability when they removed themselves from AIM.
King, IMHO played a blinder by hiding everything,from accounts as much as is possible,to,delisting from AIM.
therebye hiding everything in plain view.
Everything is done in secret and behind doors for a reason,the master act of a true conman.
P.L.E.A.S.E. Do not start me of on the gutter press,the Bigoted BBC. Sky, the Scottish hun ,Government.I said do not start me off,ffs.MANKIES one and all.
Mike,
What about sheep fiddling?
Sheep fiddle while Rome burns,and they knit great jumpers.
At least we get a laugh at their imbecilic behaviour. Their articles or diatribes regarding Celric only make them extremely stupid.
Why worry about their dross do not buy it.
Scotland has never had free press,only one peddling the propaganda coming from that shower of shite
Here is my thoughts of the Barton gate saga…he walks in with lawyer, never says a word, his lawyer points out the contract clauses, pay up or shut up, they conclude the meeting abruptly in which to wipe their arses as they know they don’t have the money…level5 announce the suspension is extended….what a circus…may the die slowly…
I asked a solicitor friend about it and he told me it is a 20mill security which takes precedent in the instance of an insolvency event. Sounds to me like a first charge.