I’m told that it is standard practice to record business meetings.
Consequently, I was surprised at this development today.
My understanding is that the usual procedure is to rapidly create a transcript for all participating parties in the corporate conclave.
Therefore, it seems strange that the Sevco side of the dispute would be blindsided by what was included in the written record that the other side supplied to them.
“The advocate acting for Rangers, Gavin MacColl KC, told the court that the draft contained things that hadn’t been agreed between parties last week.”
Of course, I’m confident that will all be sorted out and that it has nothing whatsoever to do with the evaporation of the UEFA monies that happened at Hampden on Tuesday night.
Moreover, Sevco Scotland Limited is renowned for paying up what is owed on the due date with minimum fuss.
Nothing to see here.
I do look forward to them arguing for a smaller points deduction if they enter admin by insisting they’re a new club.
I think you will find it was liquidation folks. The end point.
Anyhoo seems they are playing for time. Skinto that’s probably the most logical reason…Are they awaiting the big uefa cup cheque, no laughing at the back. I hear they sold their 3 new shirts before the season started so no big incomings from that any more.
Maybe slippy is selling the club to a rich Arab. Do Arabs wear brogues?
Great response from Celtic today and Brendan on the away support stuff again something that needs to be paid for.
Me sides are splitting. HH
I am not a solicitor but involved in regular legal transactions.
It is normal practice for one of the Solicitor’s (ie the Client’s) to prepare the draft of what was agreed.
This is then sent around that team for review at which point its also fairly common for the ‘client’ to add, omit or delete.
This draft is then issued to the 3rd party Solicitor’s. At which point any drafting changes would be noted and either agreed or disputed.
This sounds like where this is at.
Minutes of business meetings are standard practice, with draft minutes circulated to those in attendance to ensure that they are an accurate reflection of what was discussed, what was agreed, any follow up actions that were requested/assigned etc. They are only finalised when everyone is happy with them and, in this kind of situation, only then would you start drawing up any related legal papers. This type of record keeping process is true of even the most mundane internal meeting minutes at most organisations, so the idea that this wasn’t done at a meeting to settle a multimillion pound legal case is highly unlikely to be true and beggars belief if it is.
As this was a legal case, it’s odd that they seem to be implying that Elite were responsible for taking the minutes and drafting the agreement. Surely they could have split the (minimal) cost to have this done by a neutral party? It’s also odd that the judge would be informed of the settlement of the case, if the minutes and final legal agreement hadn’t been circulated to – and read and approved by – all parties beforehand. I seriously doubt that a seasoned administrator (and its legal team) would make such a basic schoolboy error, knowing that Sevco would just object and the case would be back at square one.
If Sevco had read and approved everything beforehand, then either their internal sign off process failed and approval for the agreement was given by someone not authorised/qualified to do so, or their legal team screwed up badly. Either way, it’s not a good look. As suggested though, I imagine that they just shat the bed after the Dynamo result, when they realised that the only pot they now have to piss in is the Loving Cup.
Thing is, this pitifully transparent stalling tactic (which I imagine any competent judge would see through immediately) could backfire, if the case does now go before the judge and he awards Elite more than they would have been prepared to accept out of court (possibly as much as the full £9.5m demanded, rather than the reported £6.5m agreed out of court) on the basis that Sevco has wasted the court’s time. At the very least, you are probably looking at racking up more legal costs (possibly having to pay Elite’s too), for the same outcome, in terms of compensation due. I would also throw in the prospect of reputational damage to Sevco from all of this, but that ship sailed (or, more accurately, sank) some time ago….
It would seem strange that no one recorded the discussion on their mobile phone?
Perhaps they haven’t paid their mobile bill Bob !
Remember in Motherwell during the 60’s being told to go back home “Ya Feenyan Bastoord”
Now retired in Asia where I have lived and worked for 25+ years have seen “The Rise and Fall” of a sand castle.
Demographics and shifting priorities can be noticed over 40-50-60 years like Brexit supporters have now found out, the clock cannot be wound back.
Rangers will always have a large core support, but, their time as a “Big, rich, European giant” is over, will never return unless an Arab Sheikh or similar comes knocking.
Karma, I love it….
Administration 2 on the way.?
A stupid question on several levels.
Just as well you’re bravely anonymous.
I have to admit to not being as well informed as some here, and I was wondering the same as green hornet. Sorry if it seems like a stupid question, but there are a lot of rumours going around this morning about real financial trouble now for ‘that lot.’ So do you think its all being exaggerated – just the usual social media stuff? The loss of that European money was a significant blow, on top of the strange goings-on with the stadiums and all those soft loans……
It would be Administration 1
Correct.
Surely you remember Rangers FC (RIP) going into administration and then getting liquidated? It had something to do with over a decade of cheating, lying and dodging tax when David Murray was in charge… Sevco (aka Tribute Act Rangers) can’t have administration 2 because throughout the club’s entire 12-year history it’s never been in administration.
Indeed so.
Which is exactly why I included documentation from 2012 showing the name change from Sevco Scotland Limited to The Rangers Football Club.
I would like to take this opportunity of thanking Sevco for contributing 50% of Adam Idah’s transfer costs. A magnificent gesture.
While Rome burns (Mordor)
Nero plays his violin (Sfa)
They were well warned and they should burn too. Phil on the money as usual.
Think it was the classic KCs walking and talking in the great hall rather than written down. But even still, this is mad behaviour from Sevco. What business or Agent would trust them?
No.
It was a sit down.