Wednesday, July 23, 2014

Is this the reason Sevco are in California?

Something doesn't make sense, right? A cash-strapped club running round California in mid summer playing teams that could never afford to bring them over.

I just wonder, even in the revised deal that Newco would have had to do, this is the reason why below:

1.         Venue Use Agreement
Parties:                RFC and Glasgow City Council
Date:                   8 June 2007 (signed by GCC on 11 June 2007)
Term:                   8 June 2007 until terminated in accordance with the terms of the Agreement.
Amount:               £150,000 event hire charge for each of 26 and 27 July 2014, £15,000 venue hire charge for each day from 22 - 25 July 2014 and 28 - 30 July 2014 inclusive (i.e. EXCLUDING 26 and 27 July) and a £21,000 administration charge for each of 26 and 27 July 2014.
Service:               The purpose is to use the venue for 2014 Commonwealth Games, which Glasgow is hosting – specifically the Rugby 7s on 26 and 27 July 2014.
Unusual Terms:  RFC effectively make all aspects of the stadium available for GCC to hold the event, with exclusive use from 22-30 July 2014.
Venue Record of Condition – joint inspection to check the state of the stadium before GCC takes over.
RFC permits GCC to set ticket prices, close certain parts of the stadium, will provide it with access to equipment rooms and provide information in relation to the stadium and surrounding areas on request.
GCC will provide security, medical services. It will also pay for: the costs of preparation; utilities (beyond those which would normally be accrued during the period in question); any deductions or refunds to sponsors etc for logos being removed from the stadium. The parties will discuss remedial work to stadium following use.
GCC will make a available a contingency venue for any fixtures RFC wishes to play during the period. Additional payments to compensate RFC for the inability to hold fixtures during the period will be calculated according to the equivalent revenues received between 2011 and 2013.
GCC is entitled to name the stadium during the period, subject to any agreements between RFC and a third party.
GCC has no duty to consult RFC on commercial and marketing rights it holds in connection with the 7s and the stadium.
RFC has no broadcast rights for the Commonwealth Games, cannot reproduce CG intellectual property rights and has restrictions on its marketing rights.
Detailed dispute resolution procedures.
RFC will have no claim for indemnity, damages or compensation by if it is informed by GCC that the CGs have been taken away from Glasgow before 22 July 2013.
GCC can terminate immediately if the stadium not up to standards required on Delivery Date (22 July 2014), or any relevant sporting federation withdraws its approval of the stadium for the 7s as a result of a breach of the agreement.
Additionally, on 17 October 2008 the Scottish Ministers provided a guarantee to RFC which stated that they will pay RFC any revenues due under the Venue Use Agreement that GCC fail to pay. The liability of the Scottish Ministers shall in no circumstances exceed that of GCC.
Who needs a Sugar Daddy when you have a very wealthy friend in Glasgow City Council?
Did someone mention State Aid?

Saturday, July 19, 2014

Why haven't the SFA chased £200k from Craig Whyte?

So, we know that Regan and Doncaster knew as far back as Sept 11 Rangers were heading for Armageddon.

We know that just after that the TV deal was changed so that a "Rangers" had to be in the top flight.

What we don't know is, hang on, remember this case?

http://www.bbc.com/news/uk-scotland-glasgow-west-22381479

When Craig Whyte was questioned about it this week, here is what he said:

"The SFA case has been 'stayed' which I'm surprised hasn't been reported. It could rear it's head again but I doubt Regan & Ogilvie want to be cross examined in court"

Oh, that's a bit weird isn't it?

Isn't it a bit strange that despite tough times, we've not had the SFA announcing that they have recovered the fine.  Well it appears that Whyte might not be telling the truth on this one.

So the question is did the SFA succeed in their court case mentioned above, or has the case been stayed?

And if it has been 'stayed' is this due to the reluctance of Stewart Regan and Campbell Ogilvie to take to the witness stand in an open court and be forced to divulge the full extent of their private dinner with Craig Whyte the week before Christmas of 2011.

"What meeting?!" I hear you say. Well, this one:


Was this the dinner date where assurances were given to Rangers about titles not being stripped? You can see Craig Whyte was assured no matter what happened, he was fine.

Did the SFA get that £200k?

Friday, July 18, 2014

When Ally's big mouth cost Sevco £5m

So we know Ally McCoist likes to complain. Normally he does it about Celtic so to deflect from his inability to manage a football team properly.

Sometimes though, it costs his employers £5m.

Keep complaining please, Ally.

From: Graeme Park
Date: 7 August 2012 11:30:21 BST
To: BrianStockbridge@rangers.co.uk
Cc: CharlesGreen@rangers.co.uk
Subject: Coach Provision - your cancellation
Dear Brian,

Further to your call last night I would just like to convey my disappointment at the Club's decision to terminate a sponsorship relationship that has lasted 41 years.

I appreciate your comments that as finance Director you did not wish to breach the contract you agreed prior to the Brechin game (also confirmed in writing on the 2nd of August - copy of letter attached) but you had to do so because of the strong feelings from Charles and Alistair.  I do find it disappointing that Alistair has complained about the cleanliness of the coach as I personally went to check the coach in the car park at Brechin (and it was inspected  prior to departure).  Furthermore, it is the first negative comment we have had in 41 years of supplying the team coach to Rangers Football Club.

Indeed, we have always acted in the utmost good faith and have to this day continued to supply cars way beyond the end of the contract for that provision although as we confirmed yesterday in our call these will be collected today.  Similarly, we have ordered both a playstation and wifi to be installed on the team coach after your request during the negotiations whereby you renewed our contract for a period of 3 years.  Although you didn't request that we ordered these items, the comfort of the management team and the players was uppermost in our thoughts so we proceeded with the order.  Sandy Jardine also phoned a few days after Brechin to enquire as to whether we could look to install wifi and a playstation and I confirmed to him that it had been ordered - Sandy could confirm this to you if needs be.

I would have hoped that after a relationship of 41 years that if there was a concern about the cleanliness of the team coach that a conversation could have taken place - it certainly wasn't mentioned by the numerous first team players or by Sandy; all of whom I spoke with after the Brechin match.  However, it appears that Alistair and Charles have decided on the basis of one trip in 41 years, during which the Club will have used us on thousands of occasions, that the Club wishes to breach our contract and replace our company with another coach supplier.  To draw a comparison, that would be akin to us cancelling our sponsorship due to a poor meal on one occasion in the Members or a goal less draw which our guests didn't enjoy.

I have tried to call both Alistair and Charles as clearly they have taken the decision out of your hands.  However, neither have returned my call to date.

We are in no doubt that you are in breach of contract and I would welcome your feedback before our Board considers our position.

Obviously, if the Club changes it's position we would be delighted to talk to you again and on a personal level I will continue to travel the length and breadth of Scotland supporting my team.


From: Graeme Park
Sent: 16 September 2013 09:19
To: Craig Mather
Subject: Alternative Meeting
 
Craig,

I do apologise for the direct approach given your very busy schedule.  However, I am conscious that we have not followed up on the meeting that was scheduled for the end of July and that this matter has dragged on for over a year although clearly that is not an issue caused by you. 

I was heartened to read your comments about wishing for the Club to proceed and develop over the next few years - a sentiment shared by every Rangers fan. 

One of the reasons why I have not followed up since July is that I appreciate you've had a lot on and didn't want to trouble you.

However, I have attached the tender document that we were asked to complete prior to the Club committing to a 3 year contract with us for the supply of the team coach - a contract that the Club is, unfortunately, currently breaching.

To give you a bit of background (although I think Ian has filled you in), we have supplied the team coach for 41 years.  We were asked to take part in a tender process which we won with Brian Stockbridge commenting that "it was the best deal financially for the Club".  Within 10 days Brian told us that the Club no longer wished to honour the contract, indeed he disputed we had a contract despite me having a witness to him agreeing a verbal contract (legally binding in Scotland) and having a written contract issued by the Club.  He told me that the decision wasn't one he agreed with but was taken out of his hands by Alistair and Charles Green.  Charles subsequently denied any involvement in the process and Alistair is on record as dismissing his involvement and actually said "Graeme, you've been involved with the Club longer than me, I didn't have anything to do with it" - again I have a witness to this conversation.

Perhaps the most troubling aspect of all of this is that I made offers of investment of up to £5m to Charles Green, Imran Ahmad and Brian Stockbridge, both in writing and verbally, prior to this tender process and also after it.  Clearly, the offer after it was subject not only to the due diligence questions we raised at the initial stage but also that our contract was honoured.

Charles Green, Imran Ahmad and everyone else involved in the decision have all admitted it was badly handled.  Given that you are new to this situation I am sure that you would be keen to resolve it and restore a relationship that was in place for 41 years.

I am happy to have a meeting to discuss it or alternatively I am happy for both parties to start working to the terms of the contract agreed.

Kind Regards,
Graeme Park

Thursday, July 17, 2014

When Ally McCoist was invisible

You will all, hopefully, have seen the outstanding work done by @invisiblesthe this week collecting sleeping bags from T in the Park punters, washing them and then using them to keep homeless people warm. And, of course,  the hearts of all who witnessed this warm too.

You will know, definitely, that Ally McCoist is a kind, caring, cheeky chappie type of guy, right? So how do you explain this?


My guess is, given that Ally McCoist is a kind, caring, cheeky chappie type of a guy, he was there but was just invisible for the day.

One for the Accountants out there

I'm not a numbers guy. So I am left with no clue about this kind of stuff. Which is why I thought I'd put this out there for all number bods and bodettes. It looks to me that this was a business that was being projected to be liquidated way, way before it was? Maybe this is why Project Charlotte came about? But then what do I know?

Well I know that it was Duff and Phelps who did these forecasts back in September 2011.

Pick away.

http://www.theasteriskyears.com/charlotte-cashflow/

Wednesday, July 16, 2014

Project Charlotte: The plan to liquidate Rangers

So laid out in front of you is the plan to liquidate Rangers. The first thing to notice is the date, October 5th 2011.

Especially when you look at the key players:

CW-Craig Whyte

GW-Gary Withey

MCR-Duff and Phelps.

Now that's funny isn't it? Didn't Craig Whyte have to go to court to get Duff and Phelps appointed in February 2012? So why are they in the process back in October 2011?

Also, October 2011 stands out as the month Neil Doncaster secretly changed the TV deal so that a "Rangers" had to be in the top flight. Did Neil know about this then? Did the SFA? or did Craig and and the boys just draw all this up on a whim after no consultation with anyone?

Plus, did any creditors know this far back? Did the face painters and newsagents have any chance to save their money?

There is lots to pick the bones out of there dear friends.

And then there is the name "Project Charlotte", now I wonder why it is called that...

Thursday, July 10, 2014

Operation:Clear Murray is underway

Let me first say there are a limited amount of Asterisk Years premiere tickets available. It is being shown in Glasgow, November 15th, 2pm. Tickets are £21 which include a complimentary bar and can be purchased via paypal to westillwon@hotmail.com

So already we have the press punting the ludicrous notion that Craig Whyte killed Rangers. He duped David Murray. As I've told anyone who would listen that is the equivalent of Rodney Trotter duping Del Boy.

The questions the fans and press need to ask themselves are:

Why did David Murray dismiss all other interested parties in favour of Whyte?

Why was David Murray in constant contact with Whyte well after the "sale"?

How was Craig Whyte able to get so much money into the club in loans after "taking over" ?

How come if Craig Whyte really is the big bad guy, he's swanning around Mayfair, attending Prince after show parties and ensuring Gordon Ramsay will never be skint?

Why?

The Asterisk Years can and will prove all this.

PS
If anyone at the Daily Record reads this, we don't want money or accreditation for the photo, please highlight @invisiblesthe instead. Ta.