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Rangers are Rocking; Scottys Financial insight inside.


Speirs  

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  1. 1. Was Speirs talking the truth or lying

    • Yes
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      10

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To be fair to king he did an hour long press conference where he answered questions about his plans. That was a couple of weeks ago when it still wasn't clear the outcome of the egm.

ah I missed that. so what did he say? How much has he got available to "invest" in the club., how will he raise further income? How does he get around the fact that he is banned by the sfa from being involved with a club for 5 years following the liquidation? was he asked all these - didnt see any answers to these questions in the press.

I assume all these questions were asked and answered in detail. given what the fans of the club has been through and the utter shambles we have witnessed affecting the scottish game I would hope this has been clarified before he is handed the keys to ibrox?

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ah I missed that. so what did he say? How much has he got available to "invest" in the club., how will he raise further income? How does he get around the fact that he is banned by the sfa from being involved with a club for 5 years following the liquidation? was he asked all these - didnt see any answers to these questions in the press.

I assume all these questions were asked and answered in detail. given what the fans of the club has been through and the utter shambles we have witnessed affecting the scottish game I would hope this has been clarified before he is handed the keys to ibrox?

I'd imagine the questions were about as difficult and cutting as a Walter smith interview post european hammering in a wi-fi-less ibrox?

I may be wrong though.

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I'd imagine the questions were about as difficult and cutting as a Walter smith interview post european hammering in a wi-fi-less ibrox?

I may be wrong though.

Or Chick Young to Brian Laudraup:

"Brian, how did you get so good?"

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From the Article of Association.

OFFICIAL RETURN

Each full member and associate member shall lodge with the Secretary not later
than lst June in each year the Official Return and shall notify in writing without
delay any subsequent changes to the details contained in such Official Return
to the Secretary. Each full member and associate member will procure that the
relevant office-bearer, secretary, director or member of the board of management
or committee of such member will personally confirm to the Association utilising
the form prescribed by the Board that a) he has been furnished with a copy of the
Articles and that having read in particular Articles 10, 13 and 14, the information
supplied by him using the prescribed form is complete, true and accurate; and B)
he is a fit and proper person to hold such position within Association Football.
The Official Return shall include details of all office-bearers, secretary, directors, or
members of the board of management or committee of such member, manager/
assistant manager or first team coach, (or equivalent as applicable), with their full
designation, profession, business or occupation and full postal address and also
subject to the provisions of Articles 13, 14 and 15 full details of the interest of
such member or any office-bearer, secretary, director or member of the board of
management or committee of such member and of its or his associates as defined
in Articles 14.4 and 14.5 in any other member. The Board must be satisfied that
any such person is fit and proper to hold such position within Association Football.
The Board hereby reserves its discretion as to whether or not such a person is
fit and proper, as aforesaid, after due consideration of all relevant facts, which the
Board has in its possession and knowledge, including the undernoted list which is
acknowledged to be illustrative and not exhaustive:-
(1)
he is bankrupt or has made any arrangement or composition with his creditors
generally;
(2)
he is of unsound mind and has been or is to be admitted to hospital as suffering
from a mental disorder following an application for admission for treatment under
the Mental Health (Scotland) Act, 1984 or Mental Health Act 1983 or a Court
having jurisdiction in the United Kingdom or elsewhere has ordered in matters
relating to mental disorder his detention or the appointment of a curator bonis or
any other person to exercise power with regard to his property or affairs;
(3)
he is under or is pending suspension imposed or confirmed by the Association;
(4)
he is listed in the Official Return of another club in full or associate membership;
(5)
he is currently participating as a player of another member club or referee in
Association Football;
(6)
he is the subject of an endorsed Disclosure from Disclosure Scotland;
(7)
he has been disqualified as a director pursuant to the Company Directors’
Disqualification Act 1986 within the previous five years;
(8)
he has been convicted of (a) an offence liable to imprisonment of two years or
over, ( B) corruption or © fraud within the last 10 years;
(9)
he has been suspended or expelled by a National Association from involvement in
the administration of a club;
(10)
he has been a director of a club in membership of any National Association which
has undergone an insolvency event within the five year period preceding the said

insolvency event.

http://www.scottishfa.co.uk/resources/documents/SFAPublications/SFAHandbook/09Articles.pdf

How does ( or does it at all) Clause 10 relate to Mr King?

Edited by Flure
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From the Article of Association.

OFFICIAL RETURN

Each full member and associate member shall lodge with the Secretary not later

than lst June in each year the Official Return and shall notify in writing without

delay any subsequent changes to the details contained in such Official Return

to the Secretary. Each full member and associate member will procure that the

relevant office-bearer, secretary, director or member of the board of management

or committee of such member will personally confirm to the Association utilising

the form prescribed by the Board that a) he has been furnished with a copy of the

Articles and that having read in particular Articles 10, 13 and 14, the information

supplied by him using the prescribed form is complete, true and accurate; and B)

he is a fit and proper person to hold such position within Association Football.

The Official Return shall include details of all office-bearers, secretary, directors, or

members of the board of management or committee of such member, manager/

assistant manager or first team coach, (or equivalent as applicable), with their full

designation, profession, business or occupation and full postal address and also

subject to the provisions of Articles 13, 14 and 15 full details of the interest of

such member or any office-bearer, secretary, director or member of the board of

management or committee of such member and of its or his associates as defined

in Articles 14.4 and 14.5 in any other member. The Board must be satisfied that

any such person is fit and proper to hold such position within Association Football.

The Board hereby reserves its discretion as to whether or not such a person is

fit and proper, as aforesaid, after due consideration of all relevant facts, which the

Board has in its possession and knowledge, including the undernoted list which is

acknowledged to be illustrative and not exhaustive:-

(1)

he is bankrupt or has made any arrangement or composition with his creditors

generally;

(2)

he is of unsound mind and has been or is to be admitted to hospital as suffering

from a mental disorder following an application for admission for treatment under

the Mental Health (Scotland) Act, 1984 or Mental Health Act 1983 or a Court

having jurisdiction in the United Kingdom or elsewhere has ordered in matters

relating to mental disorder his detention or the appointment of a curator bonis or

any other person to exercise power with regard to his property or affairs;

(3)

he is under or is pending suspension imposed or confirmed by the Association;

(4)

he is listed in the Official Return of another club in full or associate membership;

(5)

he is currently participating as a player of another member club or referee in

Association Football;

(6)

he is the subject of an endorsed Disclosure from Disclosure Scotland;

(7)

he has been disqualified as a director pursuant to the Company Directors

Disqualification Act 1986 within the previous five years;

(8)

he has been convicted of (a) an offence liable to imprisonment of two years or

over, ( B) corruption or © fraud within the last 10 years;

(9)

he has been suspended or expelled by a National Association from involvement in

the administration of a club;

(10)

he has been a director of a club in membership of any National Association which

has undergone an insolvency event within the five year period preceding the said

insolvency event.

http://www.scottishfa.co.uk/resources/documents/SFAPublications/SFAHandbook/09Articles.pdf

How does ( or does it at all) Clause 10 relate to Mr King?

I had this discussion and posted the above on here last week.

Bruce778 is certain that we can just ignore the SFA's guidelines, as King is allowed to be a Director of a company in South Africa.

Being a liar, a Director of Rangers when they were set on the road to ruin (for which we was heavily criticised in the SPL enquiry in to Rangers' collapse) and a convicted tax cheat is all irrelevant because he's allowed to be a director in SA.

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I had this discussion and posted the above on here last week.

Bruce778 is certain that we can just ignore the SFA's guidelines, as King is allowed to be a Director of a company in South Africa.

Being a liar, a Director of Rangers when they were set on the road to ruin (for which we was heavily criticised in the SPL enquiry in to Rangers' collapse) and a convicted tax cheat is all irrelevant because he's allowed to be a director in SA.

Oh, sorry.

I was otherwise sunning myself on a remote island.

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Can King and Ashley not work together for the greater good ?

Can't see King working to wipe out The Rangers.

(What are the chances of Ashley NOT having something up his sleeve, taking losing the board graciously, and NOT being vindictive about it?)

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Or allow him to appoint 2 other board members. As I've stated earlier I'm sure part of the plan must include paying Ashley back his £5M.

This is just my tuppence, but £5m just brings Ashley back to even. As a business man, is he going to walk away with even? Or will he keep the golden goose unless offered "stupid money", which The Rangers don't have.

J

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