ian1964 10,761 Posted April 30, 2014 Share Posted April 30, 2014 0 Quote Link to post Share on other sites More sharing options...
Dragonfly Trumpeter 50 Posted April 30, 2014 Share Posted April 30, 2014 Fan forces Gers board climbdown, has someone been challenging or calling out our nice director chaps? 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted April 30, 2014 Share Posted April 30, 2014 RANGERS have caved in to pressure from a fan in a desperate bid to avoid a second police probe. Shareholder Billy Paterson took the club to task after they initially refused his legal right to inspect the contracts of existing and past directors. Paterson, 49, arrived at Ibrox on Monday afternoon to make the request under Section 229 of the Companies Act 2006 amid growing concern at the financial state of the club. He was forced to contact police and claim the law had been broken when a club official rejected his request to study the contracts of key officials, including chief executive Graham Wallace and chairman David Somers. She cited advice from the club’s legal department but Rangers made a dramatic U-turn yesterday and have promised to open the books. Now Paterson, from Fraserburgh, will be allowed to study contract details of current directors, as well as those employed by the club within the last 12 months. They are likely to include salaries, benefits and details of any bonus schemes. He said: “I didn’t expect such a blatant refusal and was disturbed to be told it was on legal advice. If that’s the case, Rangers should change their legal advisors. “I was angry at being treated with contempt. The Rangers board may think they’re above the law but they’re not. This was as brutal a breach of the Companies Act as you could get.” Paterson fired off emails to key Rangers officials, including Wallace and Somers, and representatives of nominated advisors Daniel Stewart on Monday expressing his disgust. He also contacted Police Scotland, who confirmed his correspondence, as a breach of Section 229 of the Companies Act is a potential criminal offence, punishable by a fine of up to £1000. Rangers backed down yesterday afternoon when Keith Anderson, legal counsel to the club, contacted Paterson. Anderson said: “I can confirm arrangements will shortly be made for you to inspect the service contracts (as allowed by the Companies Acts) at a mutually convenient time.” Paterson said: “I’ve been concerned at the actions of the board for several months and reports Mr Wallace could earn a 100 per cent bonus were the final straw.” Paterson asked to see the service contracts of existing directors Wallace, Somers, James Easdale and Norman Crighton. Under Section 229 he also asked to see the service contract of Sandy Easdale with the Companies Act allowing him to request the contracts of former chief executives Charles Green, Craig Mather and ex-finance boss Brian Stockbridge. Police Scotland have confirmed they are still investigating after Phil Maher, another shareholder, alleged Wallace misled fans at December’s agm over the club’s financial position. http://www.dailyrecord.co.uk/sport/football/football-news/rangers-buckle-fan-pressure-open-3476768?utm_source=twitterfeed&utm_medium=twitter 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted April 30, 2014 Share Posted April 30, 2014 ALLY McCOIST says he’s happy to work with a director of football at Rangers – as long as he’s calling the shots. After publication of his business review, Gers CEO Graham Wallace revealed he wants a new man in place at Murray Park. Manager McCoist claims he would be open to the idea but only if he continues to have full control over player recruitment and team selection. The Ibrox boss was last night locked in crisis talks with his under-fire chief executive as they attempted to thrash out a budget for next season amid a supporters revolt. Asked if he would be happy for a new director of football to sign players, McCoist said: “I’m not sure that’s a good idea to be honest. “If the manager tells him which talent to identify then that’s a good idea to be quite frank. That’s the best way to operate. “It goes without saying there’s no point in someone identifying talent that the football club or team don’t want or don’t need. “That would go without saying. That wouldn’t be a good idea. “But obviously if he was identifying talent which the football staff want then that would be a good idea.” Wallace has come under increasing pressure from fans to step down after it emerged police are probing claims he acted illegally by deliberately misleading shareholders regarding the financial state of the club when he spoke at the annual general meeting. But the manager insists the chief executive has always been straight with him since taking up his role in the boardroom last November. McCoist said: “Everything he’s said to me, it’s been completely up front. “Graham has been completely honest with me, absolutely.” http://www.dailyrecord.co.uk/sport/football/football-news/ally-mccoist-ill-work-director-3476757?utm_source=twitterfeed&utm_medium=twitter 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,663 Posted April 30, 2014 Share Posted April 30, 2014 All these fans from the North East seem to be trouble-makers... 0 Quote Link to post Share on other sites More sharing options...
Stimpy 0 Posted April 30, 2014 Share Posted April 30, 2014 We'll done Billy. ****s need exposed at every turn. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted April 30, 2014 Share Posted April 30, 2014 <snip> “If the manager tells him which talent to identify then that’s a good idea to be quite frank. That’s the best way to operate. “It goes without saying there’s no point in someone identifying talent that the football club or team don’t want or don’t need. “That would go without saying. That wouldn’t be a good idea. “But obviously if he was identifying talent which the football staff want then that would be a good idea.” <snip> http://www.dailyrecord.co.uk/sport/football/football-news/ally-mccoist-ill-work-director-3476757?utm_source=twitterfeed&utm_medium=twitter bit rich coming from McCoist is it not..... I think someone with a "casting vote" over McCoist's signing would be a good thing - I wouldn't trust his talent identification or signings..... 0 Quote Link to post Share on other sites More sharing options...
rbr 1,266 Posted April 30, 2014 Share Posted April 30, 2014 Well done mate , your clocking up some miles up and down that road , good on you 0 Quote Link to post Share on other sites More sharing options...
Calgacus 8 Posted April 30, 2014 Share Posted April 30, 2014 Is Mr Paterson known to Gersnet? Seriously, though, the Board needs to get better Lawyers - you would have thought they would have learned their lesson after the debacle about the nominations at the AGM. 0 Quote Link to post Share on other sites More sharing options...
Scott7 6,170 Posted April 30, 2014 Share Posted April 30, 2014 A loon fae the 'Broch? One of our more erudite posters, I suspect. 0 Quote Link to post Share on other sites More sharing options...
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