Green, Whyte, Sevco 5088 and the St Mirren link

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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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  1. leftclicktic on

    I expect 100s of police to be in attendace tomorrow where as a handfull policed the bigot fest to Hampden,

     

    We need to be alert and careful tomorrow.

  2. philvisreturns on

    Saint Stivs – They should come up with a sensible compromise to unite the people of NornIron: a new fleg.

     

     

    Perhaps with a picture of Tyres from “Spaced” ‘aving it large at a rave. (thumbsup)

  3. Steinreignedsupreme on

    pabloh_AKA_NEIL LENNON 16:29 on 5 April, 2013

     

     

    I guess Jim White must have lost Charles Green and Craig Whyte’s phone numbers.

     

     

    He always seemed so close to both of them when there was no real news to report about Sevco.

  4. leftclicktic on

    So its St Mirren & Ross County or Killie to scupper 12-12-18 to help sevco raise prices to survive?

     

     

    hopeimwrongcsc

  5. It’s becoming more and more clear that this is not about the football anymore is it Chief Super Bates??

     

     

    By the way are you related to Captain Pugwash’s ship mate or have you just got your dead mother still at home??

  6. TwoMacaroons on

    Good luck tomorrow bhoys, make sure plenty of you are filming it, you can be sure the polis will be.HH

  7. ASonofDan

     

    “Now ask yourself, why did the zombies not have to give 28 days notice and were granted a last minute license?

     

     

    Police and Council obviously want trouble tomorrow.”

     

     

    The Council explained the first part (quite humorously).

     

    As regards the ” want trouble” part. Why?

     

    Until I discover otherwise, I will take Andy Bates` comments as reasonable guidelines.

     

    If there are thousands at the protest, then it is obvious that traffic flow could be a problem. I hope I am wrong but I think you are looking at worst case scenario. Mind you, I might have a big change of heart if I find myself arrested 0:-)

     

     

    JJ

  8. !!Bada Bing!! on

    ASonOfDan-Get the idea the powers that be, will want a certain other story off the front pages on Sunday

  9. Mike

     

    To be honest I’ve never felt the need to ask the question, still don’t to be frank. (Please don’t insert any frank jokes Doc.)

     

    HH

  10. leftclicktic on

    ACFAB #FAC ‏@malkybhoy67 2h The young lad arrested at Dundee for singing the Roll Of Honour got found Not Guilty today. They removed supporting a proscribed terrorist organisation from the charge sheet & tried to get him on intent to cause public disorder!

  11. !!Bada Bing!! on

    leftclicktic-there were plenty of polis at the hun march to Hampden,they were taking part.

  12. Green Lantern

     

    Six thousand years ago?Dinosaurs still walk the Earth. Indeed, one is head of the SFA.

  13. philvisreturns on

    Mike in Toronto – In all seriousness, does anyone know if that (how non-bigoted sevconians rationalize their allegiances) has ever been studied? It would make for a good doctoral thesis, I would think.

     

     

    No it wouldn’t.

     

     

    A fatwa on the disreputable social sciences and the tax-eating parasites wallowing within. Make them find gainful employment at their level of productivity. I hear Starbucks is still hiring. (thumbsup)

     

     

    Jungle Jim – Would that be the same as a “bimbo” then? ie a pretty adornment hanging round the neck.

     

     

    Basically. They both seem to enrage the wife. (thumbsup)

  14. James Forrest is Neil Lennon! We are ALL Neil Lennon!

     

     

     

    That is a belter of an article!

  15. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    Film title…

     

     

    Zombies lie before the die 2

  16. Mike in Toronto on

    Green lantern

     

     

    Cheers… I would agree that they are to be pitied, if their views weren’t so poisonous, and sometimes, dangerous. It is a tough one …

     

    So, if I ever win the lottery/one of these big cases, and I can retire…I now have to add to the list of books I want to finish/write:

     

    1. A celtic fc ecclessiology, and

     

    2. A sociological study of sevconians….

     

     

    I think the former is more important, as I expect we will be around in a few years, although I ‘m not sure sevco will.

     

     

    Yes, Tony, I do have work to do….. I guess I should get back to it (or I will never be able to retire)..will see you on Thursday.

  17. Jungle Jim

     

     

     

    If the polis had left the GB alone would we even be in George Sq tomorrow?

     

     

    They have egg on their face and need to be seen to be in the right.

  18. !!Bada Bing!! on

    Jim White has the glazed eyes again,think he’s had a wee limit oot the hip flask

  19. leftclicktic on

    So do you think **any** SPL or SFL chairmen will ask the SFA for clarification on this, In the best interests of their fans?

  20. leftclicktic on

    James Forrest is Neil Lennon! We are ALL Neil Lennon!

     

    Another fine article sir

  21. Mike in Toronto on

    Che

     

     

    Fair enough…. and I’m not suggesting that you have to. Just that until someone does start to address the issue (albeit on a much large scale than asking your pal), I believe that these sorts of problems are going to continue. Right now, we seem to be dealing with the symptoms, but until and unless the underlying pathology is determined, the cancer will not be cured, but will only be dormant, and will inevitably return.

     

     

    Philvis…. as someone who still has one foot in that world, I will respectfully disagree… but you made me laugh, at least. so, thank you for that.

  22. Che, I am now choking to put in many frank jokes, but others would join in.

     

    And to be frank, can’t be bothered.

     

     

    Anyway, I now have poles for the banner.

     

    Meeting up with CowieBhoy, Moonbeams and The Boy Jinky for a few beers tonight looking forward to it. I’ll bring the banner with me.

  23. !!Bada Bing!! on

    leftclicktic-Another elephant/gorilla in the newsrooms of North Korea (Scottish Wing)

  24. TwoMacaroons on

    What a brilliant article, cant remember who posted the link to The enemies of Rangers by James Forrest but a big Hail Hail.

  25. Doc

     

    They have no idea how expensive those beers will be, as for those poor poles I have no idea how you convinced them to carry the banner.

     

    Cya tomorrow HH

  26. TwoMacaroons on

    James Forrest is Neil Lennon! We are ALL Neil Lennon!

     

     

    Indeed it was yourself sir, very well done.

  27. good luck tomorrow to all at the rally, be wise and do not fall into the traps that have been set.

     

    I will be there in spirit, I have a family commitment to deal with and will be waiting anxiously to hear that it all passes without any incident. I was also hoping to hear if there would be a spread of clubs represented, is this so? I hoped that other clubs would muster some attendees rather than have it reported as Tims v Polis ( round 2 , this time it`s offishul)

     

    The current farce at Chateau d`Espair is a pleasant sideshow, and a sideshow it will remain in the MSM. Cue the Blue Knights to get the big white horses saddled up and lead Sir Cardigan back to the Blue room.

  28. !!Bada Bing!! on

    Im sure that man of Dignity Myth ,will surely resign his 50k directorship with Sevco after today’s revelations?

  29. Green Lantern (((((0))))) on

    Jungle Jim. That’s spooky, since Primeval is on TV at the moment.

     

     

    I’ll be sure to be on the lookout for any Scottyraptors from the ole SFofA.

  30. If he weren’t dead John Candy could play FPLG in the Sevconian blockbuster film.

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