After 11 months of innuendo and unanswered questions the Sun today publish confirmation that Charles Green was a frontman for Craig Whyte. The news will be a bombshell to many but few in the Celtic online community will be surprised.
The Sun today report that Craig Whyte and partner, Aiden Earley, are majority shareholders in Sevco 5088 Ltd, the company which bought Ibrox, Murray Park and other assets from Rangers’ administrators’ Duff and Phelps.
They also claim Charles Green subsequently transferred Sevco 5088’s assets into Sevco Scotland Ltd, which Whyte said was done without his permission. Green was given considerable opportunity to respond to the claims but despite pages of comment does not deny the central claim that Whyte and Earley were majority shareholders in the company which purchased assets from Duff and Phelps. The rest of the story amounts to little more than gratuitous detail.
Where does this leave things?
Whyte’s QC has started legal action, seeking control of Ibrox and other assets.
Duff and Phelps (presumably unknowingly) discretely sold Rangers assets to the man who appointed them and who is currently subject to an investigation into the collapse of the club. Rangers’ liquidators, BDO, can cancel the sale of assets and claim them for creditors if they believe it was not conducted in an appropriate manner – and this is anything but appropriate.
When Sevco 5088 Ltd was negotiating with the SFA Green assured the SFA that Whyte was not part of his consortium. This was a condition of the Newco being granted associate membership. The SFA are now duty bound to investigate (although with president Campbell Ogilvie in place make no assumptions here).
What has any of this to do with St Mirren, you may ask?
St Mirren chairman, Stewart Gilmour, appears to have made a pact with Charles Green, who I hear has given Green his assurance that he will vote against league reconstruction plans, which the SPL are due to vote on 15 April.
Questions like who owns Ibrox, whether the Newco is a legitimate associate membership of the SFA, whether BDO will declare the sale to Sevco 5088 void, in the event this circus makes it to next season, whether anyone will buy tickets to the shambles, all remain unanswered….
…but Stewart Gilmour is making plans with Charles Green. St Mirren fans should be outraged. Mr Gilmour should be careful who he does deals with.[calameo code=0003901714557cf2d2048 lang=en page=134 hidelinks=1 width=100% height=500]
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HH
AND Interestingly as was said earlier, the tone of the St Mirren fans at recent matches with us, has been getting increasingly nasty …
It’s a mess of denial by the MSM and Sevco mob. Ha ha.
And we can win league tomorrow.
Jelly n Ice Cream..
JCGE
GoogyBhoy;-)
Right – easter holiday altered so me and Wee BGFC Can make the FAC demo tomorrow. See you all there!
HH
BGFC
RibbyHallNextMondayCSC
They all speak in Parseltongue down Ibrox way. (thumbsup)
Gordon_J backing Neil Lennon
Check this outie…..
http://www.youtube.com/watch?v=RPL0bBM7Ml8
Look a lot deeper.
My God with today’s revelations it’s clear the polis should have been kettling the Sevco directors’ box and left the GB alone.
Hi Paul67,
Surely Mr Green has admitted that he fronted Sevco for the whyte knight, in the full knowledge that he himself couldn’t.
A. Because as a Director of Rfcia he would be heavily conflicted and have arduous limitations on his bid.
B. He had a sine die ban from Scottish Football and could not knowingly be part of a consortium to licence a football club.
The fact that the planned Cva failed should not exclude bdo looking at the asset sale.
And more importantly the sfa to reexamine their fit an proper person test.
Surely as Mr Green has openly admitted to this sham Cva attempt, this investigation should be a matter of course.
Hail! Hail!
ernie lynch – First of all Craigy duped Minty and then Chuckles duped Craigy
It’s “Dirty Rotten Scoundrels” meets “Con Air” (thumbsup)
From Mark ‘what do I put next Jumbo’ Hateley’s Woodwordesque contribution to journalism:
By being stupid enough to disclose confidential information to a guy he had never even spoken to before, Sandaza treated Rangers and the supporters with contempt. He let himself and the club down and for that he had to pay the penalty
Unlike Chuckles who disclosed everything to one of the biggest fly-men this side of Mongo!
Whyte will go after his assets ; green should be in discussion with his solicitors before the serious fraud squad pay him a visit. This will end in the courts. I would not like to be one of those institutional investors duped by Green.
However from a football standpoint the SFA Committed to ensure the new Rangers were clean. Remember the SFA were trying to force through a solution to put Greens club back in the SPL. Ogilvie and the SFA are complicit in Greens deception. With a nod and a wink Ogilvie has given them a licence and tried to help them up.
The SFA will never investigate Rangers/ Sevco properly while Campbell Ogilvie is President. He is too heavily conflicted from EBTs to granting licences.
Scottish Fooball needs a clean out from top to bottom with one structure; one executive committee and a transparent, trustful leader who commands respect. That cannot be Ogilvie ;his deceitful behaviour in legislating for a club based at Ibrox all his life is not credible. Turnbull Hutton could be a leader or even go outside football and bring in a respected scots person who could provide the direction to the Executive Committee.
Ogilvie is a cancer at the heart of Scottish football.
Paul – I preferred the ‘appropriate manor’ :-)
Gordon J and others – the Ticketus business is the strangest thing about this affair.
You didn’t need to be a football fan to know that lending to Rangers was crzy. Yet, Ticketus are in the football business.
I’ve yet to hear of a satisfactory explanation. They couldn’t be that stupid, could they?
I’m Sevco… NO I’m Sevco..
Phil’s latest – cracking!
http://www.philmacgiollabhain.ie/the-save-sevco-campaign/#more-3651
My favourite line from the above is
“QoS just romped SFL2 with a football budget of £300,00.”
Any ideas for a movie title for this show. Would be a best seller. I think Di Niro should play Whyte!!!
Paul67
It sure is complex, criminal possibly.
So St Mirren have been “got at”?
The SFA will do what it says on the tin i.e SFA and our game goes to hell in a handcart.
What for? To put supporters sheckles into Charles Green or Craig Whytes pocket.
Suspension of a licence for Therangers to operate next season has to be the SFA response until BDO sort out who owns what.
This is to the benefit of all supporters including The Rangers fans whom I am beginning to feel sorry for now.
The reconstruction vote has to proceed on the basis of what is good for Scottish football not what benefits the spivs in control at Ibrox, whoever they are.
philvisreturns
It is, as ever, excellent to see you on the blog.
I worry when you are not podiumising this joint a lot more than you will ever realise.
He’s an old xcon that’s been away now he’s back no one say Sthool Pigeon cha cha cha cha!
http://www.youtube.com/watch?v=h-NGlOB4hJA&feature=youtube_gdata_player
Good luck to all the bhoys and ghirls going the the rally tomorrow. I wish I was joining you but I’m off to spain in the morning for a bit of sclaff baw in the sun.
Glasgow’s Green & Whyte.
Mrs Celtica & the kids visiting family up north tomorrow freeing yours truly up for attendance at FAC rally.
See some of you at GOMA tomorrow. Is it a fiver for banner/Oscar?
TGSC,
Sailing On…
PeteTheBeat,
That’s always been my question. Ticketus surely didn’t just give a failing business millions of pounds without any form of security.
What goes around eh?
In April 2012, the SFA’s Judicial Panel published their Reasons for Decision on the matter of the conduct of Rangers and its Directors in the preceding year.
Amongst other matters, the Panel found that the club had deliberately concealed the fact that Craig Whyte had been banned from holding the role of director, and thus failed the SFA’s ‘fit and proper’ criteria for football club directors.
The Judicial Panel walloped Rangers with fines and a transfer embargo.
The Judicial Panel also found that Craig Whyte: “…had brought the game of Association Football in Scotland into disrepute of the most serious kind, and that in doing so he had demonstrated a contempt for the sport and its participants, not least those with affinities to Rangers FC, it considered him unfit to be associated or involved with the sport in any way. It accordingly excluded him for life from participation in Association Football in Scotland.”
Following this decision, Rangers were consigned to be liquidated and Charles Green’s Sevco consortium of investors purchased the assets and intellectual properties of the club from the Administrators. There followed an extended period of negotiation between Sevco and the Scottish Football authorities that ultimately created the basis for Sevco to field a team called ‘Rangers’ in senior football in Scotland, with participation at entry level of the Scottish Football League, together with a ‘transfer’ of Rangers’ SFA membership to Sevco, and a blind eye turned to the governance and financial requirements of Club Licensing.
Less than a year on, we are led to believe, by his own admission, that Charles Green was in fact operating, in purchasing the club’s assets, as an Agent for Craig Whyte, so recently banned sine die from any participation in the Game at any level.
As if we needed any further lessons, this is what happens when individuals and organisations are permitted to operate outside of the rules, with the sanction of the rule makers and rule keepers.
I have no idea how this will turn out, but I am quite sure that this is simply the latest episode in a shameful soap opera that has many seasons yet to run.
The SFA is empowered by its Memorandum of Association, which describes its purposes and the primary responsibilites of its office bearers, as follows:
“To promote, foster, and develop, in all its branches…, the game of Association football, and to take all such steps as may be deemed necessary or advisable …for protecting it from abuses.”
The SFA is thus compelled to act on these latest revelations. Suspending the membership of Sevco, and thus containing the damage and risk to the Game at large, may be the only reasonable action in the circumstances.
I’ll away and hold my breath. Not.
http://www.youtube.com/watch?v=FcEsfBLEHTk
IMAGINE that crowd were to descend/ascend to George Sq.
Get the Kettle on boyos, you better get a bigger Kettle, we need at least 2.
James79
14:40 on 5 April, 2013
Any ideas for a movie title for this show. Would be a best seller. I think Di Niro should play Whyte!!!
Bluemageddon – Gene Hackman can play Green.
http://twitpic.com/ch5lcy
The banner for tomorrow.
Just need a couple of broom handles to hold it up, trip to B&Q.
If the orcs on RM bury their heads any deeper they’ll be in Melbourne. They re actually applauding CG for ‘duping’ our hero. BTW, the language is terrible, an to think they got all offended at Lenny.
Green and Whyte Destroy The Rangers 2.
The Sequel!
That’s a movie title with a nice ring to it.
roy croppie
14:48 on 5 April, 2013
James79
14:40 on 5 April, 2013
Any ideas for a movie title for this show. Would be a best seller. I think Di Niro should play Whyte!!!
Bluemageddon – Gene Hackman can play Green.
Lol superb
The MBB returning to Sevco is like a new signing
Doc is Neil Lennon
Nice one.
The Battered Bunnet
Your Son is in my thoughts, I hope he is back playing very soon and still being as aggressive as you want him to be, which equates to, being Hard as nails and as Fair as anything. A True Tim.
I will never forget your advice. Freely given as well.
petec – Thank you, my friend in Celtic. It is good to talk to you again. I feel vaguely guilty when I miss out on podium-related duties, unfortunately work has recently been busier than a sheriff officer in Govan. (thumbsup)
Don’t know about a film, but “Lies and the Lying Liars Who Tell Them” springs to mind.
I suppose if you substitute Cheats for Liars that would do the trick.
Nice banner Doc.
HH
doc is neil lennon
14:49 on 5 April, 2013
http://twitpic.com/ch5lcy
The banner for tomorrow.
Just need a couple of broom handles to hold it up, trip to B&Q.
—
Great to see some activism in this day and age. Goodluck to everyone tomorrow.
Im stuck in oz but will be glued in. Stay strong and rise above the peelers who will have itchy fingers . Today is last day to ring,txt and persuade everyone you know who supports the tic and football as a whole.
God bless the celtic family and oscar knox
No pasaran ✊
auldheid
I have no pity for sevco fans. Their ill deserved superiority complex for many years. Their bury their heads in the sand attitude to everything that went on. Their bullying and threatening of anyone who said anything against oldco/ newco. Their threatening of staff in book stores for stocking Downfall. Their We are the people still the same club 55 and counting bullshit even though all facts prove differently.
Some of my gers mates who were very liberal and always had a laugh after old firm games have become almost feral in the defence of the indefensible. Thanks to bluster from green and msm. Remember we are all jealous/ obsessed.
No sympathy at all.
Roy Croppie, A Ceiler Gonf Rust, Ta, I’m pleased with it.
Hope everyone likes it.
philvisreturns
You been busy bricking up the doorways to those 4 extra bedrooms you have to avoid certain financial penalties? :0)
Well done to John Broon for keepin stum.