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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I haven’t had a chance to read the MIH accounts for 2012 yet, but with a £97M loss reported for the year, it seems likely that the Bank will have taken yet more equity to avoid insolvency.
Clearly the bank believes that it can recover much of its exposure through asset sales as the market permits, but the net result is that Minty is ever more diluted with each passing year.
Last year he had around 5% of the capital in the company. I’m guessing he’s down more again.
By the time LBG have done their stuff, the Duped one will be long gone, but it remains a mystery how the bank permit him to continue to draw a huge salary for doing little more than selling property for them.
Hey ho.
http://www.youtube.com/watch?v=8bNaroxpHD8
Where is part 2?
;))
Proudbhoy, I’m not much of a protester, but this is a bad law and needs to be challenged.
It targets groups of people who are not breaking any real laws. The GB in particular are not being treated fairly.
‘I have no idea how this will turn out’ -but one thing you can guarantee is that N.F.Lennon will get the blame.
The ticketus model is fairly high risk with a good return.
From a football perspective, they are a pay day loan company. Club runs out of money towards the end of the season and get some cash by selling a % of the next year’s ST’s to ticketus.
A few months later the supporters buy their tickets and
ticketus get their cash back plus bonus.
Now the Rfc deal has over multiple seasons making the risk model totally different.
A Hail Mary investment?
Are thems heading for a triple duped procession of rogues and spivs ?
If they are making a movie of this debacle, how about “Pies, Lies, and Audiotape” for a title….
Just been over having a swatch on the best comedy site…EVER. Of course I’m referring to R****** Media.
The huns are swirling round the sink hole of the sump pit and you know who’s going to flush them away for ever??? Their own mentalist fans, that’s who. Not Charlie Chuckleheed, Not the MBB. Not the powers that be.
The levels of crass stupidity,threats,foul language and overall bampottery over there are astounding.
Whenever one of them drifts close to asking a pertinent question they are immediately cyberkettled by a baying mob. This place is the Oxford debating society in comparison!
Until their own fans wake up they are heading into the void at a rate of knots.
Flush them away hunnites…..like a wee jobby.
Must be nearly jelly n’ice cream time. The van has started coming round again. Sweet.
doc is neil lennon
Banner looking good , well done.
HH
I am going to a demo in George Square tomorrow.
I was wondering if other CQNers were going?
!!bada bing!!
14:21 on5 April, 2013There’s a movie in all of this.
===========
Hope to enjoy some action from billynowel soon.
Celtic Trust @TheCelticTrust
Two youngsters lifted at Tynecastle for RoH discharged this morning – any chance of FoCUS stopping these bogus arrests do you think?
another waste of time and money by the boys in blue. Are their superiors doing anything about it?
This has to be bordering on criminal activity,fraud,deception etc.Regan will realise now that Campbell has been the middle man for all the major players here.Any comment from these clowns yet?… Let me guess,they will be on holiday or off oot…
doc is neil lennon
15:01 on
5 April, 2013
Proudbhoy, I’m not much of a protester, but this is a bad law and needs to be challenged.
It targets groups of people who are not breaking any real laws. The GB in particular are not being treated fairly.
—-
I hear you. Your playing your part when needed. I admire each person who is doing that.. Easy to look the other way like many of us do when it comes to alot of injustices that we know goes on around the world.
Hopefully our message is loud tomorrow. I want our board to hear it more than anyone.
The bully taunts the brave
Jaggytooth
Or maybe ‘The Crook,The Thief,His Lies and His Dictaphone
Petec
Cheers. He has a long road to travel, but is in good spirits nevertheless.
hendrix. Don’t have many hun mates now, but I recognise the example you give.
A very good friend over many years who used to be laid back about the rivalry now goes completely tonto ( or should that be sevco) when any mention is made of their problems. Complete denial of any responsibilty for anything now seems to be the norm amongst them, including the apartheid against catholics in the last century.
Interestingly, he had always been quietly embarrassed about this in the past but now is in rabid denial.
This guy is an intelligent middle class leftist leaning person but he has undoubtedly been corrupted by online sites like FF, a phenomenon possibly similar to the effect of internet porn on weak minds.
We are still mates, but my rule is now that the subject of sevco is off limits, since I will have no truck with his attempts to defend the indefensible.
Georges squerr the morra http://www.sceala.com/phpBB2/userpix/2_Celtic_Seville_1.jpg
HH
nothing annoys me more than the MSM continually brassnecking and using the name Rankers…
THEY(Rankers) were liquidated . They refuse to bow to that.
Days like today, & the heralds front page bull PR make our phone greater !!
GIRUY I say.. ( to them)
HH
philvisreturns,
http://www.youtube.com/watch?v=aGuNsiSZ9RI
Ignore the subliminal 3.33. HH m8ty, deep down is where it really matters. When you joined CQN you took me on a musical journey that people were trying to shame.
Loud and Proud you came on astride an Ass and a Leo Sayer.
We both know our common Bond. Yeshua. Thank God, Yeshua died and took away all my Sins, because there have been many, ffs, I could right a book. It’s a lot simpler than that though.
Basically I’m saying yer a Right guid guy, when all the panels that have been applied to you throughout yer life, good or bad, you keep it real, even if that seems unreal.
ooh aah up the SamaRas.
HH
Phone? Fun!
FourGreenFields
FourGreenFields, oops, posted to early.
Thanks, off to get the broom handles now.
afternoon bhoys and ghirls
the sun is shinning and sevco are in the grubber
craigy whyte the man who took out the huns and the zombies
our hero;-)))))))
oh its good to be a tim again
thinking back to the days when we were at the lowest point just before the bunnet arrived
wee fergus put farry in his place
regan ,RCO and longmuir will be having another powerpoint meeting now
who gave sevco the club membership ?
neil doncaster looks to be the one in the lead to survive
who will be flung to the hordes when all the truth comes out?
time for a few clubs to start asking the sfa for all the detail that sevco have provided as the msm seem to have far more than them at the moment
come on just 1 challenge to the sfa could send the whole house of cards down
jam67
Iki, CQNers meeting at the Gallery for Modern Art at 11:30/45.
Hope to see you there, or just look for the banner in George Square.
I remember Chuck being interviewed way back. He was asked how he would manage to get Whyte’s shares. His answer was that it wouldn’t be a problem. We all wondered at the time…why would Whyte just hand over his shares?
Obviously Green knew he just had to lie to Whytie and tell him what he wanted to hear. If that wasn’t deception, I don’t know what was!
As for Whyte, he wants 25% of the shares and a million quid p.a. for life – all that for the outlay of just £1.
Meanwhile, HMRC and all those creditors are left to just whistle for their money.
It’s a different world in spivland.
With ticketus openly pursuing craigy bhoy, they obviously knew who’s holding the deeds.
Police are NOT allowing Celtic fans to march to Celtic park tomorrow.
What is the difference between us and zombies marching on Hampden last year?
asonofdan
So how do they think we are going to get to the game , if we are not allowed to walk ?
To most right thinking people the recent revelations would point to serious questions having to be asked by the law, the sfa and sfl – however this is happening in scotland.
Just to remind posters that to get to scotland you need to go into your wardrobe turn 3 times and say the magic words “masonic lodge” the back of the wardrobe will open and you will be in a very strange land ruled by a salmon.
“To do a whole raft of things”. ….Hmmmmmmm…
Doc is Neil Lennon
15:15 on 5 April, 2013
Dont end up with four candles
https://www.youtube.com/watch?v=Cz2-ukrd2VQ
fourgreenfields
If we leave the pavement we face arrest. If we deviate from route police give us, we face arrest.
If anyone was going for a pint I hope your pub is on a police route…
ASonOfDan
15:18 on
5 April, 2013
I asked had we permission on CQN last weekend and was told, can not remember who, that we had?
Anyway just seen SSN and the look on fat Sally’s face when asked should he not know the relationship between Chucks and our hero. Blank look like a rabbit in the floodlights……
Happy days :)
Paul67
All very interesting if not surprising!
I wouldn’t hold my breath on the SFA giving a single minutes thought to it however. Another scandal but nothing to see here move along…
I’m taking my hover board then…!
BacktothefutureCSC
James79 – Any ideas for a movie title for this show. Would be a best seller. I think Di Niro should play Whyte!!!
“The Sting”
“The Dark Whyte Rises”
“True Lies”
“Piefall”
“The Hun Ger Games”
“I Am Legned”
“Dawn of the Deeds”
“O Brither, Where Art Thou?”
(thumbsup)
asonofdan
They are going to need some amount of police to cover that – if large numbers turn up at demo .