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 think you are way out there oglach. We will wait for on the spot reports.
oglach
12:57 on
6 April, 2013
they’re all in Greggs getting a steak bake and cup of soup on expenses before the kettling begins
Tallybhoy .
Grazie !.
Sicilian paper gave Collum 2/10 —–” impressive control of his whistle and lovely use of his cards “.
Spring is truly here -mid 20s hot .
Oops my cut and paste skills need updated ! Here’s what should have been posted:
Lets play spot the difference:
6/4/13: The authority approved the rally but declined permission for the march on the grounds the organisers had failed to comply with the required 28 days’ notice to hold a street procession.Speaking ahead of the event, Ch Supt Andy Bates, of Police Scotland, said he was “slightly concerned about the dispersal at the end of the rally”.
28/4/12: Chief Superintendent Andy Bates, Divisional Commander at Strathclyde Police said: “We understand that passions are running high at the moment and appreciate that people feel the need to demonstrate their feelings.
A spokesman for Glasgow City Council confirmed that the procession had been approved to go ahead by council officers at a meeting on Friday afternoon.
These figures were mentioned on FF last with the same conclusions as yourself.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
19LisbonBhoy67
12:15 on 6 April, 2013
As mentioned on here earlier, D&P required £550k upfront.
This figure split 4 ways equals £137,500. Green yesterday publicly states that Whyte transferred £137k into a bank account.
Who is the 4 way split between then?
Green,
Whyte,
Stockbridge
Earley.
I think Green has made a big mistake with this public admission….
Crowd dispersing mostly all going in same direction. I wonder why.
Miki67
Strangely smooth sailing so far though I need a job. Kids really loving it – this was our biggest worry. Should have done this a long time ago.
How’s life up in the northern hemisphere? Would have loved to be on the demo today.
S
Bhoys i’m guesstimating at numbers given size of George Square. Not a scientific method ;-)
Where did they go!!!
Not having a go oglach, I’m just doing the same. Lets wait & see.
BMCUW don’t worry.
We knew what you meant.
Bit early for the sherry,eh, what ?
Oglach
Looked away from the webcam for two minutes and they were gone. No flash, no smoke, nothing.
Alien abduction?
S
Just got footage back from George Square.
Where is everybody?!
Going down to give ole Darren O’Dea a wee cheer today………..after, of course, the Celtic game and a wee celebratory swally.
Teuchter ár lá
NTASSOOLA
Sun over the yardarm,good enough for me!
shady:
glad to hear the move has been successful and I’m sure you’l find something soon.
The northern hemisphere, this part anyway, is freeeeeezing.
I bet Adelaide is beautiful.
HH!
Lots of changes by NFL Hooper Samaras Ambrose Kayal Izaguirre all drop to the bench.
Stokes to score against his old side, but Watt Rogic Gershon and McGeoch to step up to the plate.
VeryBold CSC
No on the spot reports from any of our CQN’ers at the Demo. Hopefully they are not being kettled.
Tallybhoy there was a suggestion earlier on that this webcam is unreliable.
The traffic levels on the current images are very low. Especially the buses.
Midday in Glasgow today is 13:19.
In the last 5 mins the sun has come and gone. The shadows cast by the statues and columns indicate the sun directly south which is as it should be.
Could someone in the square could tell us what is going on with the traffic and crowd.
Some guy posted the Team & Substitutes earlier. I took it that this was the team and not just a guess. Checked Official Site and no team up yet. Don’t want to check back and see who made the post as I don’t want to fall out with the guy if he has sold me a dummy.
Hertz 1 RC 2
corkcelt
13:29 on
6 April, 2013
Was me, apologies, I meant to put would like to see this team today.
I’ve no doubt it’ll be the same old favourites despite their lack of form, and in some cases effort
Forgot to ask – which member(s) of the Plc board attended the rally?!
Tony Watt to score a hat-trick today!
Cmon Tony – you know you can!
Ably assisted by Dylan and Tom Rogic!
They are the future of CFC!
Imo of course!
HH!!
Was at the rally and “marched” as far as the Metropolitan in Candleriggs (meeting someone for the game)
A few polis but not too many up to that point. All traffic halted. So far looks like the cops are being sensible.
I figure 5000+ also.
new application posted.
Miki67
Adelaide is indeed beautiful. Wish I could work out how to post he photo tonight of the jetty 5 minutes from our apartment just after the sun went down. Warm and no midgies – I didn’t know such a combination existed.
Most of all, it’s great to be out with the kids, watching them playing on the beach even though it had gotten dark. And no neds!
S
Kayal, Ye auld bo**ix, I’m after sending a couple of texts based on your post. I suppose I should have known twas too early for the Official Announcement but I was so preoccupied with Demo, I just took it as official. Just in case you are offended let me hasten to add that calling a fellow an “auld bo**ix” is almost a term of endearment in Cork and no offence is usually meant or taken.
Happy Days,
Its sunny and getting ready to join the crowd at Paradise to see a great days footie.
Couldn’t make the FAC rally, family stuff, but hope it is going well and the authorities recognise a bad law when they see it in action, shame on McKaskill and co, no Friend of Scotland !
HH