CELTIC1CALEY3

Not with Duncan Ferguson in charge. Remember that players in the era were discouraged from shooting on goal and shortly after getting over the half way line were instructed to keep it and gradually work it back to the goalkeeper.

Incredibly good result. I said Billy would score....the law of averages really but that will perk him up. Enjoy fish and chips on the way home and then prepare for QOS. Let's hope they are knackered after the St Mirren game.

On the bright side Billy has had an extra week of rest. With Alfie up to help him my money today is on Billy scoring - for us. This is an absolutely crucial game today for us.

Let's imagine RM is two people. His loyalty as a Director is 100% to the football club company. The Administrator will check that he was compliant in that respect because if he was not, and ran up debts of say nearly £4m whilst claiming his company was solvent, is quite serious and can lead to disqualification. This would have serious consequences for him. The Administrator will want to satisfy himself that this was the case. Given that the other RM was on the other side is potentially difficult to defend. Now lets look at the other RM and check why he acted the way he did. Given that he was a Director and Chairperson of the football club Company what legitimate argument can he put up that shows his negotiations with the first RM was fair and equitable and did not put the Going Concern position at serious risk ?

Courier misreading Companies House post.

From Companies House today - https://find-and-update.company-information.service.gov.uk/company/SC149117/filing-history 08 Jan 2025 Creditors’ decision on administrator’s proposals This document is being processed and will be available in 10 days.

Charles according to Companies House, and I have no reason to doubt them, Cameron ceased to be a Director of the FC Company IN 2022. As I indicated earlier in this thread, that meant he was a Private individual in the transaction and similarly so in the Battery Farm Company. July,2024 was when the FC Company notified Companies House. 06 Jul 2024 Termination of appointment of David John Cameron as a director on 5 March 2022 Correspondence address Glenspey, Grampian Road, Aviemore, Scotland, PH22 1RP Role Resigned Director Date of birth December 1942 Appointed on 11 November 2019 Resigned on 5 March 2022 Nationality British Country of residence Scotland Occupation Company Director

My money is on the Administrator knowing the Companies Acts better than RM. Just weigh this up: The Companies Act 2006 codified certain common law and equitable duties of directors for the first time. The act sets out the general duties of directors, which are: to act within powers in accordance with the company’s constitution and to use those powers only for the purposes for which they were conferred to promote the success of the company for the benefit of its members to exercise independent judgement to exercise reasonable care, skill and diligence to avoid conflicts of interest not to accept benefits from third parties to declare an interest in a proposed transaction or arrangement

That is a lot of Companies from which disqualification, if considered, would be painful. Not quite the same but recall what Dumbarton know.

Curiously enough at the final whistle of the Cove game I wondered if Billy might drop himself for the first half against Dumbarton, and give Ethan the nod first half.

By definition there was an offer and acceptance with the transaction so some form of contract. So did Ross Morrison, as a newly appointed Director of Inverness Caledonian Thistle Properties Limited, act in his capacity as a private individual, like Cameron at the transaction date, or did he act as Chairman of the football company? Given that the Company was using the football company address as its registered office he clearly needed the Club's permission. The articles and memorandum date back to 2001 but surely the football club company needed to be involved in what was happening? Somebody else would have needed to take the chair when this was considered because Morrison could not be on both sides?

A Merry Christmas was only possible because of Alan Savage. Thank you.

This will focus minds over Xmas. https://www.gov.uk/company-director-disqualification James Stephen is required to report on that issue based on his findings. Some context. 28 February, 2023 and a very optimistic set of accounts. 'Notwithstanding the material uncertainty regarding income sources, the directors are satisfied that the company will be able to realise its assets and discharge its liabilities in the normal course of business.' The floating charge was then created on 21st December 2023. The next set of accounts that were made up to 30 May 2023 were delivered on 3 July 2024 and concluded 'Notwithstanding the material uncertainties described above, the directors consider it appropriate to continue to prepare the financial statements on a going concern basis.' Less than 4 months later on 24 October 2024 the company collapsed into administration.

By definition we have not seen the terms of the 'legal' document Morrison (and presumably Cameron) signed to take over Caledonian Properties, but the big hurdle for them to redevelop the land is Highland Council. In due course we may discover why the £1.5m Loch Ness car parking deal collapsed. We know Cameron and Morrison took control of Caledonian Properties on 23 August 2023 as George Fraser and Cesidio Martin Di Ciacca resigned. Tulloch Longman Limited thus relinquished control on 24th August 2023. On the 24th August 2023 Caledonian Properties registered office changed to the Stadium address. That address changed again on 22nd October 2024 to 56 Torridon Road Broughty Ferry the day the football club went into administration. We eventually discovered that David Cameron resigned as a Director of the football club on 5 March 2022. On the face of it, Ross Morrison was therefore the only person able to act on behalf of the football club in negotiations with Tulloch Longman Limited. Presumably he had the full authority of the Board in any negotiations given that the Club allowed their premises to become the registered office. As Chairman of the football club and also taking a significant controlling interest in Caledonian Properties Limited will be documented in the minutes of the football club. David Cameron as at 5 March 2022 was a private individual and therefore unlike Morrison not able to represent the football club unless there is documented authorisation of course. His resignation as a Director of the football club was not visible in the public domain until 6th July 2024 when Companies House published that fact. Morrison resigned as a Director of the football club on 30th May 2024.

It would be prudent at this stage to be cautious. I would imagine the creditors who are listed as being owed the larger sums will have their claims rigorously checked. It is possible that due diligence will show maybe a lack of competence in their attempts to create a legal right to full or any settlement. It would be quite remarkable (but Karma) if they managed to bodge that up.