Newco, the Record and the police

1024

It’s not often CQN quotes the Daily Record, so hold onto your bonnets……….

Most of us have been watching the old media/new media for years.  Actual news is now well and truly in the domain of the new media but when it comes to some matters, the authority of the old media seems to be greater than the new.

Think back to those scenes at Inverness last year when Jelly ‘n’ Ice Cream was given its first outing.  That reaction came after the Daily Record put their weight behind the notion that many of us had been saying for weeks/months/years, that Rangers were going out of business.  It wasn’t actual news, everyone had heard the same stories many times, but when the Record went on-record, the remaining doubters were convinced.

Viewed through this prism, when today’s Record raises the spectre of police and liquidator action, even the most sceptical must know things are serious.  This morning they urge Newco’s chairman Malcolm Murray to:

“Tell the stock market his board understands the explosive nature of Whyte’s claims and that they are on top of their duties.  He should order his own investigation, hire independent accountants and lawyers to examine all evidence, while co-operating in full with the police and with liquidators BDO.

“That’s the kind of decisive action Murray should be taking this morning and I suspect it’s precisely what he wants to do.  But if he does not emerge at some point today or tomorrow then it means he is being undermined by his fellow directors who have baulked when implored by him to do the right thing.

“His allies – if any – should go with him because if they share his concerns but fail to act upon them they too risk massive reputational damage.  Maybe even worse than that if the police become involved. That’s how serious the situation has become”.

The allegations made by Craig Whyte last week are more serious than any charge previously levelled at a football club board in Scotland, infinitely more serious than what has been alleged about Craig Whyte, Sir David Murray or Campbell Ogilvie.  They have, of course, come from a man who has been shown to be liberal with his use of facts, but they have been made about Green, who has admitted he tells people what they want to hear in order to get his way.

The Record have also realised the consequences of Green and Whyte colluding during the administration process:

“Green was eventually allowed to pick up the club’s assets for the paltry figure of £5.5m. A deal agreed with Duff and Phelps which excluded rival bids from any other party.

This was as unfathomable agreement that may have cost creditors millions – and which was triggered the second Green’s group stumped up enough money to secure preferred bidder status.

Now it has been further claimed that in order to help scramble that deposit together, Whyte dumped £137,500 into an account belonging to Ahmad’s mother.

Again, this will be of great interest to the authorities because, essentially, this was the very moment Green and his backers were given a clean run at picking up a £50m business for a pittance.”

Newco’s independent non-executive directors, including the chairman, are in a difficult position.  If they were not previously aware of the collusion between Green and Whyte they may be of a mind to resign, but as non-execs, it was their job to look after the interests of stakeholders before the smelly stuff lands, which they have clearly failed to do.

Scottish football has had a troublesome couple of years as it prepared for and dealt with the consequences of the liquidation of Rangers.  Unless Whyte’s claims can be proven to be without foundation, and unless BDO take a kind view of Charles Green’s agreement with Craig Whyte, the months ahead will at least provide some finality.  Stewart Gilmour at St Mirren will have a great deal to think about ahead of his board meeting on Wednesday.

Just think, without so many people backing Charles Green the ‘Rangers’ brand could be in the hands of Brian Kennedy right now! If you see someone preaching the gospel according to Charles Green, don’t try to undermine their faith.


Photo by Vagelis at Biglens

Click Here for Comments >
Share.

About Author

1,024 Comments

  1. Italiabhoy

     

     

    Don’t agree with anything you have written tonight. Not one word.

     

     

    I am tempted to apply NFL’s description of Jim Goodwin to your good self, but Vincent might be listening!

     

     

    :-)

  2. TwoMacaroons on

    I hear the guns are organising a charity game in Maggie’s honour, Maradona has apparently turned Green down, he said there’s no enough coke in Columbia to make him do it. An anyway, who the hell are Sevco?

  3. macjay1 for Neil Lennon on

    setting free the bears

     

    01:16 on

     

    9 April, 2013

     

     

    Thanks for that.

     

    `61 ? Hadn`t imagined she had been around for so long.

  4. I’m off to my kip.

     

     

    Tomorrow we find out if we get our next fixture at home, as we should. Or whether they will send us to Dingwall or Inverness first.

     

     

    Goodnight CQN

     

     

    The following saints had feast days on the 8th April:-

     

     

     

     

    St. Julie Billiart

     

    St. Walter of Pontoise

     

    St. Aedesius

     

    St. Amantius of Como

     

    St. Concessa

     

    St. Dionysius of Corinth

     

    St. Januarius, Maxima, and Macaria

     

    St. Julia Billiart

     

    St. Redemptus

     

    St. Perpetuus

     

    St. Aedesius

  5. My abiding memory of 80’s Thatcher’s Britain, was, every Friday night, on News at Ten, Alister Burnett (he with the grey, bouffant quiff!), would show a map of Britain, and have a totaliser showing the number of jobs lost that week/month!

     

     

    That was Maggie’s legacy!

     

     

    “There is no such thing as society!”

  6. TwoMacaroons on

    My abiding memory of Thatcher’s 80s was me, with a ginger wedge hairstyle, see it wasn’t all bad. :-)

  7. TwoMacaroons on

    Who remembers spitting image on a Sunday night? Took the P out of the lot of them, what ever happened to satire? Has it been banned?

  8. TwoMacaroons on

    jonny the tim

     

    News at ten, with Alistair Burnett.

     

     

    Someone famous has died.

  9. Apparently she was Old Labour, according to Mr Tebbit:

     

     

    “To some extent, we were stealing Labour’s clothes. If you go back to the ethics of old Labour, it was about achieving at school and fighting your way out. If you’d said to somebody in the 1920s, say in the Welsh valleys or in Rochdale, “Well, you better bloody get on your bike and do something about this”, they would have understood precisely what you meant. So in a way, Thatcherism was going back to that grassroots feeling of working-class people who wanted to get on.”

  10. macjay1 for Neil Lennon on

    Re. Oz

     

     

    An aboriginal population exists in Oz.,Canada and U.S.

     

    No aboriginal population exists in Argentina.

  11. Margaret McGill on

    Thatcher is remembered as The Iron Lady only because she possessed completely negative traits such as persistent stubbornness and a determined refusal to listen to others.

     

     

    Every move she made was charged by negativity; she destroyed the British manufacturing industry, she hated the miners, she hated the arts, she hated the Irish Freedom Fighters and allowed them to die, she hated the English poor and did nothing at all to help them, she hated Greenpeace and environmental protectionists, she was the only European political leader who opposed a ban on the Ivory Trade, she had no wit and no warmth and even her own Cabinet booted her out. She gave the order to blow up The Belgrano even though it was outside of the Malvinas Exclusion Zone – and was sailing AWAY from the islands! When the young Argentinean boys aboard The Belgrano had suffered a most appalling and unjust death, Thatcher gave the thumbs up sign for the British press.

     

     

    Iron? No. Barbaric? Yes. She hated feminists even though it was largely due to the progression of the women’s movement that the British people allowed themselves to accept that a Prime Minister could actually be female. But because of Thatcher, there will never again be another woman in power in British politics, and rather than opening that particular door for other women, she closed it.

     

     

    Thatcher will only be fondly remembered by sentimentalists who did not suffer under her leadership, but the majority of British working people have forgotten her already, and the people of Argentina will be celebrating her death. As a matter of recorded fact, Thatcher was a terror without an atom of humanity.

     

     

    MORRISSEY.

     

     

    Read more: http://www.rollingstone.com/music/news/morrissey-margaret-thatcher-was-barbaric-20130408#ixzz2PvXOoAvc

     

    Follow us: @rollingstone on Twitter | RollingStone on Facebook

  12. .

     

     

    Tooting Tim..

     

     

    It Was Tebbit that was Old Labour.. To a Point..

     

     

    I did what Tebbit said and .. Got on My Bike..(Well I Acctually Hitch Hicked).. 10Yrs. Later I came back Home to Scotland/UK in a Low point in My Life and was Told by the Same Government.. I was Not British.. (Habitual Residency Act 1991)..

     

     

    Tooting Tim..

     

     

    Pretty weird You have Just mentioned Tebbit and .. “Get on Your Bike and Find a Job”..

     

     

    I have Just been Reading Up on Him.. And ‘That’..Phrase to see when He actually Said it.. First of All He Never said it.. He was Referring to His Father in the 30’s..

     

    And it was 1981 Tory Conference.. I thought he had Said it in corca 86’/87′..

     

     

    Funny enough.. It was 81′ I actually got on My Bike (Hitched a Lift)..

     

     

    My Case HRA1991 was a Bit of a Test case as i think i was one of the First it was Used against.. (That it was Not Directed at .?) It was Mentioned in Parliment and when it went to the Appeal/Tribunial one of the Panel of Judges said after 10-15mins it all took..

     

     

    “If You are Not British and a Resident of The UK I don’t know Who is?”

     

     

    NB: All this Took say 9 Months I was Told by Social workers and Government Staff that the HRA 1991 was Brought in to stop Large Families landing at Heathrow and Going straight to ‘The Brew’ to claim benefits and Housing..

     

     

    Think of that what You will..

     

     

    My Case I would have Got I think 44GBP per week till I Found work as I was Staying with My Mum and Dad..

     

    I could have went back to Holland and Claimed Dutch Benifit of around 350 GBP per week as their system was Earnings Related..

     

     

    Pretty Weird that I am Sitting Here in Australia today Probably thankful to Norman Tebbit..

     

     

    Not everyone can or wants to..Just get on their Bike tho.. I Realise that..

     

     

    001Bhoy

     

     

    Who Misses the Country and Family he had to Leave..

  13. She put her class before humanity or country.

     

    She thwarted the economic objectives of Keith Joseph and Michael Heseltine, leaving the Citycentric mess we now have.

     

    She destroyed trust and community.

     

    The rise of the drug dealer was under her watch.

     

     

    It was the Soviets who coined the soliloquy “The Iron Lady”. An echo of their man of steel.

     

     

    She was democratically elected.

     

    The ten men chose to die.

     

    The Belgrano was given warning. 3 days.

     

     

    I remember when she was elected. The disturbing, aggressive arrogance of the Labour party activists.

     

    “The miners will have her out in three months, and we’ll be back in.”

     

    I knew that “we” did not include the miners. Even though the words came from the mouth of a professional agitator who 5 yrs later was one of Scargill’s lieutenants.

     

     

    I asked him about the rule changes in his own union, put in place by Joe Gormley, that paved the way for Arthur, and permanently excluded Mick McGahey from the leadership.

     

    (Comfy pension this man who never went down the ground). Karate expert he claimed.

     

     

     

    I’ll remember Thatcher because she won.

     

     

    The hollow wallow you can keep.

     

     

     

    Summa it was the Labour Party who phased out earnings related.

  14. Summa/001Bhoy,

     

     

    fascinating stuff. Had never heard of the HRA until now – sounds like I am maybe a wee bit younger.

     

     

    Also reminds me of a genealogy TV show a few years ago which featured Tebbitt amongst others to investigate their much-vaunted ‘Britishness’. Well the Tebbitts were IIRC Huguenot refugees.

     

     

    The laugh of it was that once they had fled to England, the records showed that future generations of Tebbitts rarely, if ever, left their immediate locale for generations afterwards.

  15. Doc…the best Indian in the world The Village in trades ton not far from the Hilton….totally Muslim (no alcohol)…..wont cost a bomb either!!!!

  16. The HRA test was introduced in 1985.

     

    If you know anything about it Summa then be honest enough to explain why it was introduced.

     

    The Stagecoach business flourished on it.

  17. .

     

     

    NStassoolla..

     

     

    Re;Earnings Related..I only put that in to Prove the Point that l was Hardly trying to Scam anything..

     

     

    ie. I Would put in for a Loan (On Social workers orders) of Say a 65 Pence loan for the Bus fare to a Interview..

     

     

    Then would get back a 4 Page Letter stating..Bla Bla Bla..You are Not a Resident of the UK so don’t Qualify for benefits.. so have No means of repaying Loan Bla Bla Bla..That bike would have been Handy but Left it at a Coffee shop in Holland..Ha..

     

     

    001Bhoy

  18. .

     

     

    Ntassoola..

     

     

    Stagecoach..????

     

     

    I Only know what i have Stated..It was a Pretty traumatic part of My Life (Not because of HRA)..In fact l cant remember it being brought up in Parliament..My Mum brought down Papers to show My Wife when she was in Scotland a few Years back..

     

     

    If you know anything about it Summa then be honest enough to explain why it was introduced.

     

     

    You have Lost me there..???

     

     

    Summa

  19. Summa it seems I am mistaken.

     

    Forgive me.

     

     

    I know something of the social history of my country.

     

     

    This leads to startling conclusions.

  20. Anyway.

     

     

    A wee mystery. This may seem obtuse. It is.

     

    Have you ever read of the disappearance of Renee MacRae and her son?

     

    The Irishmen who hold the key left Scotland. Never to return. Witness intimidation. The answer is 714. Or 715. Ask an old Irish Navvy.

  21. .

     

     

    No No No..

     

     

    Absolutely Nothing to with Earnings related..I thought l stated that..

     

     

    You could Not have got my initial Post more Wrong if You tried..

     

     

    It was being about a British Subject Passport Holder..(My Case)..

     

     

    The Reason l mentioned Earnings Related and what l could get if i went back to Holland..(If i went back to Holland i would have been Working)..was to Point Out that l had to Come back to the UK..For Personal Family reasons..

     

     

    I Still don’t get the Stagecoach Quote..???

     

     

    And what l know of the Bill is Only what My Social Worker and the Government Staff told me..Who both were on My Side..or were Lying..

     

     

    Would they Tell a Offshore worker to Go back Offshore..?

     

     

    No One told me to Get on My Bike and Not Come Back..

     

     

    or am l Missing what You are Trying to Imply..?

     

     

    Summa

  22. Summa “am l Missing what You are Trying to Imply..?”

     

     

    That’s what is called a double question.

     

    Are you using a strange word processor that insist s on double Teutonic capitalisation?

  23. TT not being the best of drivers I studiously avoid the A9.

     

     

    I don’t mind the passenger seat when my brother is driving. It’s white knuckle. A real appetite suppressant. Especially when he’s on the Dexies.

  24. TT in all seriousness if you are familiar with the case then you’ll understand the Irish “Navvy ” reference. They’ve a 300 year history in that area of Scotland.

     

    The 714/715 reference only occurred to me recently.

  25. twomacaroons

     

     

    01:09 on 9 April, 2013

     

     

    I would say to you that the threats you name, in the present and the now, are her spawn (and I include the New Labour ‘opposition’). What is even more significant is the contempoarary electorate her ideology shaped. A passive, consumer driven, PR shaped crew of narcissists. Sorry, her Legacy is alive and well, and yet to be fully determined. She is here in the present and the future…. Even Elvis temping down the dirt escapes that fundamental fact.

  26. Of course ‘tramping’ is what I meant to say, not the Freudian slip of temping…

     

     

    Roll on the Bankers….