30 May 2013

London Stock Exchange: 'Conclusion of Independent Review' re: Whyte

30 May 2013

Rangers International Football Club plc (the "Company")

Conclusion of Independent Review

On behalf of Rangers International Football Club plc, the non-executive directors of the Company (the "Investigation Committee") engaged the law firm Pinsent Masons LLP to investigate the connections between Craig Whyte and former and current personnel of the Company and its subsidiaries (the "Investigation").

The Investigation was overseen by Roy Martin QC.

The Investigation concluded on 17 May 2013 and Pinsent Masons and Roy Martin QC have reported to the Investigation Committee. The Investigation Committee is satisfied that a thorough investigation was conducted despite the inherent limitations of a private inquiry.

Based on the assessment of the available evidence, the Company considers that the Investigation found no evidence that Craig Whyte had any involvement with Sevco Scotland Limited (now called The Rangers Football Club Limited), the company which ultimately acquired the business and assets of The Rangers Football Club P.L.C. from its administrators; nor which would suggest that Craig Whyte invested in The Rangers Football Club Limited or Rangers International Football Club plc, either directly or indirectly through any third party companies or vehicles.

On 28 May 2013, a letter before claim was sent to (inter alia) The Rangers Football Club Limited and Rangers International Football Club plcon behalf of Craig Whyte, Aidan Earley and (purportedly) Sevco 5088 Limited. The Rangers Football Club Limited and Rangers International Football Club plc will be preparing a robust response to the letter before claim. However, given that legal proceedings are threatened in the letter before claim, it would not be appropriate to make public any further content from the report or to comment further about the contents. Pinsent Masons' and Roy Martin's reports to the Company are confidential and legally privileged. This announcement is not intended to and does not serve to waive privilege in the contents of the reports which remain confidential and legally privileged.


The DR says, 'Walter is new Gers Chairman'

As you'd expect, we'll have complete coverage of this and more on the site, including a new CROpod at the weekend. This one won't be about epic 70s rock bands.

28 May 2013

Remember remember, the 1st of September

by Peter Ewart | Contributor

Image from @GersQuotes
For those looking for signings it’s been a good week. And we certainly have got hold of very talented players in Nickys Law and Clark. 

For those with one eye on the money, they seem very good signings but further additions to an over-inflated wage bill.

A while ago our Assignments Editor, Alan Clark, discussed the potential ins and out for Division 2. There’s a lot of sense in what he says, and it is not the intention to cover that ground again. 

We are putting together the makings of a very strong looking squad. And one that looks far too strong for SFL2 only.

There are two possible explanations for that. 

First of all, the longer the reconstruction debacle continues without resolution, the more suspicions rise about the looming prospect of an SPL2 and the potential for Rangers to be invited or involved. Of all the things that have been leaked in Scottish football this year, the mystery surrounding the details of the Sky TV deal remains watertight and whether or not it demands Rangers in the second tier this year. In the absence of any facts, conspiracy theories are abound. 

26 May 2013

No thanks, Charlie

by Andy McGowan | Contributor

As expected by anyone who dared do their homework properly - The Sun newspaper and Celtic bloggers of course not among them - Charles Green has been cleared and the club are satisfied there is no link between Rangers and Craig Whyte.

A predictable outcome made to look anything but by purposeful misrepresentation of the facts by The Sun and by Craig Whyte, the former refusing to even do the most basic of research into Rangers ownership structure because they knew the truth had nowhere near the same impact as the half-baked story cooked up by Craig Whyte. The Sun really is an odious little newspaper. 

22 May 2013

Journalistic Integrity, Where Art Thou?

by Andy McKellar | Deputy Editor

The relentless chaos and uncertainty at Rangers looks set to rumble on into another turbulent summer as boardroom battles and plays for ownership continue to dominate the headlines. Our Club is currently at war with itself. There is no leadership. There is no direction. It is being permeated by bitching, bickering and shamefully constant back-stabbing. This is what we have become. Our recent history reads more like the script of a badly written pantomime. And in this tale, there doesn’t appear to be a happy ending.

21 May 2013

Stewart Regan: How can it be?

by Shane Nicholson | Executive Editor

Headline: "SFA want answers over Ibrox takeover"

How cute.

Here's one I and many other Rangers' supporters have been waiting on since day one: How can it be that Stewart Regan is allowed to dictate his own narrartive?

What did the SFA know and when?

Why was the governing body of Scottish football so complacent – some might say complicit – in Craig Whyte's takeover?

19 May 2013

Imran, lies and audiotape

by Chris Graham | Contributor

There have been a number of questionable assertions made by people connected to Rangers over the past few years but the line pushed by Imran Ahmad over the past week that he wants “nothing but the best for the club” is possibly one of the most laughable.

Ahmad, the former Commercial Director of Rangers, has gone on something of a charm offensive this week. He has contacted Rangers bloggers in an attempt to portray himself as the good guy. If you were to take this nonsense at face value, you would be forgiven for thinking he was a lifelong Rangers fan who got involved in the club simply to see it delivered safely from financial turmoil. The facts don’t really back up this ridiculous assertion though.

Let’s start first of all with some of his more recent activity. The Rangers Standard broke a story recently of how Ahmad had been posting on the Rangers Media forum under the name IAmRangers. You can read the detail of his posts and behaviour here, but it is perhaps worth remembering that he was using this underhand method to post up confidential details of club board meetings, slating club legends Ally McCoist and Walter Smith and wrongly accusing them of attempting to take over the club.

15 May 2013

Ins and Outs for Division Two

by Alan Clark | Assignments Editor

Media reports of the players in discussions about a move to Rangers are increasing as Ally McCoist stated he hopes to get four signings over the line by this weekend.

The fans are split on potential targets like Jon Daly, Nacho Novo and Kenny Miller. Some would welcome the experience of these players at the club, others seek only young talent who would shine in the lower leagues and perhaps get the club a transfer fee in a few years’ time.

Clearly, the club needs to do adopt some cost-cutting as the initial financial results that came in were not pleasing, albeit not that worrying. The 38,000 season ticket holders for the Third Division was outrageous, and gave a huge financial boost to Rangers last August – but no-one knows if the club can attract that many again. The price freeze may help that, however. 

Intangibles doth not a good footballer make

by Shane Nicholson | Executive Editor

You work somewhere, yeah? Good.

Now does your company do its best to identify talent that it can utilize over the long term while its value increases, or do they bring in people on high wages let go by lesser companies who are past their prime compared to other talent in the field?

Thought so.

Enter Jon Daly.

Jon Daly may be a fine human being and have experience like you wouldn't believe. However, statistics and common sense say that he's an average footballer at two positions. He's 30 in a sport where unless you're Davie Weir that means you're past the glory days.

Experience is some measuring stick used by punters that cannot be qualified. I believe it's some odd combination of leadership, grit, guts, determination, heart and staunch. It's used as a leveler for players like Jon Daly who just aren't that great at football. "He has experience." That he may, but he doesn't have a great goal scoring record or one position on the park he excels at.

12 May 2013

Rangers: The Journey – Stage One

by Peter Ewart | Contributor

It has been dubbed 'The Journey' and season 2012-13 will certainly be remembered for many things. Here's a collection, mostly away days and in no particular order, that stood out for me.

09 May 2013

Oh, What a Lovely Phony War!

by Gordon James | Guest Contributor

And so it goes on. The seemingly unstoppable juggernaut of self destruction that is Rangers gathers momentum and it appears the hand brake has came loose in someone’s hand.

The Rangers committee (I refuse to give it a grown up name like “board”) are a disjointed and fractious bunch with no clear leadership. Whoever said a camel is a horse designed by a committee was bang on about this bunch and again it is the fans that are being given the humping.

We have the chairman of the committee who is determined to hang on to his position like an old bowling club president unwilling to part with the blazer. This despite being told he is no longer wanted, not once but twice and despite agreeing to go and then reneging. 

For Scottish football, what a difference a year makes

by Shane Nicholson | Executive Editor

Amazing isn't it, that the first test of the draconian hand of the SFA post-bottling of the Rangers situation results in merely a weakened transfer embargo for Dunfermline.

Their own administration event has been handled with white gloves on compared to the mess that unfolded before us at Rangers: Heavy fines levied against a club on its knees. Transfer embargoes with end dates specifically tailored to try and keep us from trading.

And yet the East End Park club will have to survive just one transfer window without being able to sign any players aged 21 and up. Tell me, what were the odds of them doing that whilst having no money to spend? Why does their transfer ban end immediately before the opening of the second window instead of coinciding with its close?

A couple you may have missed while Sir Alex hung them up

Calvin Spence gets down to the Core Values needed on the board over at The Rangers Standard.

At The Herald, Richard Wilson says we need a slow summer.

08 May 2013

03 May 2013

Home Comforts

by Peter Ewart | Contributor

It has been the mother-in-law of all seasons. Far from pretty and just seems to go on and on. Thankfully, in many respects at least, the curtain will come down after Jig lifts the SFL3 trophy mid-Saturday afternoon.

Ibrox will be packed to the rafters on Saturday. It will be a fitting end to a turbulent season. It’s difficult to believe that Brechin City away was barely nine months ago. Our stadium is incredibly important to us. It is the focal point for the club, and fans' affinity with the ground cannot be overplayed. It’s where we flock to in times of celebration, times of crisis and for reflection and remembrance. And don’t even mention the deeds.

01 May 2013

The sporting landscape post-Jason Collins, and what it could mean for Rangers

by Shane Nicholson | Executive Editor

The leading news in American sport the past two days has been the story of NBA center Jason Collins coming out as the first active gay athlete in one of the "big four" professional sports leagues–the NBA, NFL, MLB and NHL.

The story, co-authored by Collins, is compelling to say the least, one that can and will put you in your seat and make you think about the world at large should you so choose. Those who say it shouldn't be a big story are right; it shouldn't be, but it is. Those who are saying it was done only to sell magazines couldn't be further from the truth; this was exceptional sports journalism in its purest form and told a story that needed to be told. Both camps consist of overwhelming numbers of people hiding their discomfort of homosexuals behind a thin veil, standing on the same side of the stage with those holding outright hatred for gays around the world. I listened to these people on the radio for hours on end Monday and it made me sick.

Of course knowledgeable football fans will know Robbie Rogers came out weeks ago, announcing his retirement from the sport the same day. There are rumblings of a return for the American striker making the rounds. Ex-Montreal Impact midfielder David Testo came out during a radio interview late 2011, shortly after his release from the club. He's not played football again since though is active in You Can Play, an American group set out to eradicate homophobia from sport.

To say Collins has instantly become a historic figure in sport is putting it lightly. Perhaps he won't be held on the same level as a Jackie Robinson 66 years on (it should not go without notice that we celebrated the anniversary of Robinson breaking the color-barrier in baseball just a short while back) but he won't be far behind. People say his risk is mitigated as he's not on a roster currently, or that it means less as he's a role player at best. They blend in comfortably with those trying to tear down Collins simply because of their own insecurities.