“A person with significant control is an individual (person or registrable legal entity) who meets one or more of the following conditions in relation to a company:
Condition 1: Directly or indirectly holds more than 25% of the company’s issued share capital.
Condition 2: Directly or indirectly holds more than 25% of the company’s voting rights.
Condition 3: Directly or indirectly holds the right to appoint or remove a majority of board of directors.
Condition 4: Has the right to exercise, or actually exercises, significant influence or control of the company, LLP or SE.
Condition 5: Has the right to exercise, or actually exercises, significant influence or control over the activities of a trust or firm which is not a legal entity, but would itself satisfy any of the first four conditions if it were an individual.”
Today’s preface is ‘concomitant’ to yesterday’s piece which highlighted Johnstone’s elevation to a position of significant control. I note that Cluster One picked up on my initiative and passed it off as his own. Second hand news at the SFM. It was ever thus.
He should have followed up as I did on the ‘investor’ section of their website, but why be thorough when you are ripping someone off? The idea of a paywall becomes more attractive day by day.
I digress. Transparency and this website are ships passing in the night. Wee Stevie had better get his finger out to inform us how Johnston and Scott acquired significant control. Divvying up Gilligan’s share does not go far enough. Have they been conferred with NOAL’s voting rights? At 14.29% the arch criminal’s holding also comes up short of the 25% threshold.. Has one or more of our ursine chums cashed out? I would with some measure of confidence assume that Scott and Taylor move in the same circles in Hong Kong. Mr. Taylor, as a big swinging dick at Morgan Stanley, might need more than a willy-warmer if it starts blowing cold from Paternoster Square in London. King’s toxicity will be contagious.
As readers of this site know, King stepped down as chairman from his inordinately bent holding group which trades on the JSE as MMI. He knows he is heading for a fall even if Lord Bannatyne delivers his judgment with a blindfold and concomitant bared nipple and knee.
Johnston and Scott’s elevation is no accident. They are preparing for The Tempest (jj:passim).
As one casts a backward glance at the football, St. Johnstone’s Rangers Lite rout was almost as noteworthy as Aberdeen rag-dolling Hibs. Slim Shady Traynor provided the perfect excuse for the Aberdeen players to underperform against Lite, but now that McInnes is firmly in the saddle his exhortation to ‘giddy up’ was evidently heeded. Murty was last seen standing on his head in a vain attempt to reverse the result. Lite’s win against Hibs was as undeserved as it was unjust. Since when was moving your harm to control a bouncing ball in the box not a penalty? Keeping your hands at your sides is no excuse.
When the officials cheat this blatantly, it follows that the message has gone out in the lodges that Lite are trading on fumes and need all the help that can be mustered.
There are banana republics with more integrity than Lite and what passes for governance at the SFA.
Rangers cheated, won 17 bent titles, went bust and conferred the bent titles as part of a job lot to Sevco. The SFA officers should take a long hard look at themselves the next time they check their balances at the ATM:
Cash Available: £300,000
13 Season Integrity Bonus: £0.00
Scottish Football is not the only sport that has endured an integrity bypass. Jim Spence’s take on Chris Froome is sympathetic. As my readers would anticipate, my take is to pull my socks down to my ankles and discard shin guards.
Froome is as bent as Wiggins. Professional Cycling is a medical science laboratory on wheels. I love the Tour De France with a passion, but I know that the winner will be doped up to his eyeballs, or in Froome’s/Wiggins’ case, nostrils.
It must have been some climb up the amateur ranks when suffering with acute asthma. It’s barefaced cheating. Catheters filled with clean urine being clandestinely passed from an adjacent room is not the exclusive preserve of Russian Winter Olympians. Marita Koch’s 400m world record of 47.6 seconds was so bent that she should have been rewarded with a medal in the style of a question mark.
Johnston’s elevation is just the latest attraction in the three ring circus at Ibrox. We don’t have to smell the elephants to know that some shit is going down. Would anyone be surprised if the Lite board invited Koch to be their global ambassador?