A gentleman that’s going round Turning the joint upside down

1101

There’s a gentleman that’s going round
Turning the joint upside down
Stool Pigeon – ha-cha-cha-cha
He’s an old ex-con that’s been away
Now he’s back, no one’s safe

It’s quite likely that David Grier and Craig Whyte had many conversations they didn’t want replayed on BBC Reporting Scotland.  Their deal to acquire Rangers from Sir David Murray and Lloyds Banking Group would have required many scenarios to be considered, some of which would certainly be unpalatable.  So with this in mind, Grier may have been comfortable discussing strategy with Whyte when the latter recorded their conversation in May this year.  They had been in the proverbial trenches together before and at one time would have had a bond of trust.

What frankly beggars belief is that either party would consider this bond to be still in place a month after Duff and Phelps sued Craig Whyte’s company for £25m.  It’s even more surprising that Mr Grier and Mr Whyte were on such convivial terms – chatting liberally in a restaurant about such a serious matter – while they were supposed to be on opposite sides of a £25m legal action.

We now know that Rangers administration went miles off track soon after it started. Whyte, as we predicted back in October last year, hoped to present creditors and Scottish football with a fait accompli.  Duff and Phelps were to complete the task within days for a fixed fee of a fraction of what they eventually raised.

Instead Duff and Phelps fee increased by a factor of six, Whyte lost control of events and inherited a great deal of litigation, not to mention a police inquiry.  Duff and Phelps must now prepare to tell the truth to Lord Hodge next week.  There are millions of pounds at play here and anything short of the truth could land them in heaps of trouble.

Credit to Mark Daly and Reporting Scotland for landing the recording.  The BBC are taking a pounding this month but this was a stunning item for an evening news bulletin to present.

Craig Whyte, you will remember, threatened to sue Daly last year and managed to convince the hard of thinking that Daly, and the BBC, were victimising Rangers by dishing the dirt on Whyte.  Some still adhere to this belief, despite now realising their Messiah was just a naughty boy, it’s a cognitive dissonance thing.  Another lesson that football fans are fools for bombast.

After all the talk then they wired him
And he took a walk with his crooked friends
And they joked about the good old days
And he recorded it on a reel of tape
He caught the mug who did in the forgery
And the babe in charge of larceny

We have to wonder what liquidators BDO will make of Duff and Phelps actions when they take over next week.  Ha-cha-cha-cha.

Click here to read the fabulous CQN Magazine for free, or strain your eyes squinting below. You can also buy a hard copy of the magazine here from Magcloud.

There is a pause button at the bottom left of the video if required.

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  1. Wanyama is going to be a Top Top Player,capable to play for any team.If he wants to go ,start the bidding at 15m,plus add ons.This guy is going to be a superstar.

  2. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    ASONOFDAN

     

     

    I’d pledge a quid,but I might not like what I end up with!

  3. GlassTwoThirdsFull on

    Why not offer Victor an improved contract with a cut of any future transfer fee. That we the more we get, the more he gets. And the longer he signs for the more we get.

  4. Gene's a Bhoys name on

    I am sure that the current misunderstanding regarding D&P will be sorted out with His Lordship with a (funny) handshake.

  5. •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on

    Re that Vandalgrease link above

     

     

    Is legal action for misleading potential investors really a possibility?

     

     

    Does inflating the gate land them with a bigger tax bill based on gate receipts or do they get round it by saying that all the phantoms were on freebies?

  6. Gene's a Bhoys name on

    Vandalgrease

     

    and they’re probably giving Hector a different set of numbers.

     

    On that theme I wonder if you can get a FOI statement from HMRC as to whether they are meeting their current tax liabilities

  7. Can anyone explain to me why I am having the Mark Daly audio played back to me everytime I open a new page on CQN .

     

     

    I opened the link earlier but it now seems to have embedded itself somewhere on my Mac or CQN.

  8. Gene’s a Bhoys name –

     

     

    HMRC do not and will not provide any information on individual customers. A FOI request for such information would fail.

  9. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    sandman

     

     

    19:50 on

     

    25 October, 2012

     

     

    £20 million for those two players is more than enough to buy the Huns outright and shut them down for good.

     

     

    >>>>>>>>>>>>>>>>>>>>>>>>

     

     

    Lots and lots of LLLLOOOOLLLL ………!!!!!!!!!!!!

  10. Gene's a Bhoys name on

    Jobo Baldie

     

    thanks – just a thought

     

     

    Given they are a newco they should be settling monthly

  11. Looking increasingly like the plan was to get D&P to cleanse RFC of its debt, hand it back to Whyte, and continue playing in the SPL as if nothing had happened, as Paul outlined last year.

     

     

    For this plan to have worked, the SPL and the SFA had to have been in on it. That explains the mystifying decision not to sell players immediately, or to cut costs to any significant degree.

     

     

    Where did it go wrong?

     

     

    Did D&P do the dirty on Our Hero, and decide they could sit tight and rake in millions? Or did the whole SPL/SFA stitch up come apart, leaving them all high and dry and desperate for someone – anyone- to rescue them? Step forward Mr Green…

     

     

    It certainly looks like Our Hero has covered his bases with D&P. One wonders who else he secretly taped?

  12. prestonpans bhoys on

    Parkheadcumsalford

     

    20:22 on

     

    25 October, 2012

     

    sftb,

     

     

    I am getting the same problem. What is causing it???

     

     

    Spooky and its not even halloween <)

  13. setting free the bears

     

     

    Just having a little fun. Myself and Paul thought we’d set the video in the magazine to play automatically. I will change for you now. Pleasure meeting you at St. Mirren at the weekend.

     

     

    Anyone wanting to watch the Reporting Scotland news item can do so within the magazine graphic. You can now watch our embedded videos on full screen.

     

     

    CQN TV will be filming at the game on Saturday – 1pm to 3pm outside the ground.

  14. TBJ

     

     

    They did, but I gave as good as I got :>)

     

    …………………………………………

     

     

    I thought it was my computer playing the link again, so I restarted it, didn’t stop it.

  15. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Choob commentating on Liverpool game got his figures wrong with E’eto’s wages,then says he got i wrong,and apologised for giving him a 500% wage cut.

     

     

    I don’t think you can cut anything by more than 100%…….

  16. BMCUW

     

     

    Pedant – next you will be telling us that its impossible to hold 54 league titles when you have not been in existance 54 weeks :)

  17. winning captains

     

     

    You should come up more often if Celtic produce that quality for your visit.

     

     

    But you should play carefully with the voices in my head trick. I’ve just got my paranoia down to manageable levels.

  18. gillian i scream on

    Sftb and parkheadcumsalford

     

    You’ve probably got a TGEF keystroke logger in your laptops Be afraid,be very afraid,he may be recording everything,if you’ve got webcams he could be watching your every move :-)

  19. TET

     

     

    Just be careful – follow (follow ) the Craig Whyte example and dont be fooled by the shabby clothes and googly eyes :)

  20. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    THE BOY JINKY

     

     

    LOL.

     

     

    Re titles,

     

     

    I want my title back from Ernie….

  21. Cathedral View on

    setting free the bears

     

     

    Mark Daly link audio and video has appeared at the top of the page beside the CQN mag.

     

     

    cv

  22. Gene's a Bhoys name on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS

     

     

     

    20:27 on 25 October, 2012

     

     

    Choob commentating on Liverpool game got his figures wrong with E’eto’s wages,then says he got i wrong,and apologised for giving him a 500% wage cut.

     

     

    I don’t think you can cut anything by more than 100%…….

     

     

     

    ———————————————-

     

     

    I think Wonga charge 4000% Apr

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