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.

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1,101 Comments

  1. FFM, if you have to be so secretive that you can’t share an email address?

     

     

    Why be scared of the secretive forces that try to manipulate us secretly?

     

     

    If you have no fear of dying, because Christ has done the literal donkey work, well then I can’t quite understand your total hesitancy. the preceding sentence encapsulates it all. And little petec is ready to gee yooo a wee hand whenever you ever need it.

     

     

    I’m always here for you Big Chap and anyone else who thinks I can jibber jabber well.

  2. Back to Celtic matters.

     

     

    Victor was always going to go. The excellent thing is, Efe will be the mainstay of this team for the next decade.

     

     

    And you can take that to the Bank.

  3. Good morning CQN

     

     

    Fortunes Favour Mibbes hope you do not mind me asking

     

    Do you work for Transocean?

     

    Just wondering with your e-mail address blueyonder

     

     

    Keep the Faith

     

     

    Hail Hail

  4. The Battered Bunnet on

    Jobo texts to say it’s dull in East Kilbride this morning.

     

     

    No change there then.

  5. Dontbrattbakkinanger on

    Just how dull is East Kilbride the day?

     

     

    Dishwater?

     

     

    All pervading gloom?

     

     

    An overpowering sense of hopelessness and desponsdency?

  6. If parties A, B & C put their heads together to concoct a scenario they know to be untrue, and then present that scenario to the public, with a view to parties A & B gaining a pecuniary advantage, is that a crime known to the law of Scotland?

  7. Dontbrattbakkinanger

     

     

    The road works at the Whirlies have been lifted so EK is a bright happy place with much celebration this morning

     

     

    Dont listen to those anti-EK gloom-mongers and head up to join the party

  8. I'm Neil Lennon (tamrabam) on

    Hmmm so Bernie reckons that the Celts should be banned from the Champions League, because they came to the nou camp and defended. Hmmm

     

    I have a different idea,

     

    why don’t we start next season by banning all clubs whose debt is greater than 500 million quid. The following season we ban all the clubs whose debts are greater than 400 million quid, then 300 million quid and so on until we get some balance and equality

     

    That way Bernie, you would find that there were less teams who could buy all the best players in the world (and be up to their eyes in debt) and then complain when clubs who work within a degree of financial sense.

     

    I think the likes of Barca, Madrid and a few EPL giants must learn that financial steroids are not the way forward and should not be rewarded with Champions league riches and titles.

     

    Simples, really simples.

     

    A failure to arrest this problem can and will only result in one outcome.

     

    The 20 biggest teams in Europe, (strangely enough, probably also the 20 teams with the biggest debt) will be forced to take measures to service their enormous debts that can’t be paid back under their current financial model. These measures may include breaking away to form a Euro superleague with a sky contract to the detriment of all other teams in Europe. If UEFA don’t take steps to solve this problem, I fear it will be taken out of their hands by the debt mongers who caused the problem in the first place.

     

    So Bernie, try and look past your debt laden previous clubs and understand how this situation has come about.

  9. Dontbrattbakkinanger on

    That dull?

     

     

    Jings, that is truly dull.

     

     

    Ole Jobo does well to keep his cheery pecker up when faced with such a challenging magnitude of dullitude.

  10. The Battered Bunnet on

    EK is soooooo dull today that they have resorted to celebrating the late completion of the Whirlies road works

  11. macjay1 for Neil Lennon on

    Summa of Sammi….

     

    15:09 on 25 October, 2012

     

    MacJay..

     

    Git Tae Bed..

     

    Canamalar will be Up soon..:O((((((

     

    Summa

     

     

    Sorry,mate.

     

    Missed your good advice.

     

    Land of nod.

     

    :-)

  12. The Pantaloon Duck on

    Morning all

     

     

    I can’t decide whether East Kilbride is a microcosm or a metaphor.

  13. Morning,

     

     

    Auld Chuck never misses a trick to con the stupid zombies.

     

     

    Champions League music… lol!

  14. Rangers fine QC speaks of threats

     

    Graham Spiers

     

    Sports Columnist

     

     

    Gary Allan, the QC who sat on an SFA three-man panel which punished Rangers FC in May for bringing Scottish football into disrepute, has complained about threats made to him and his family in the wake of the hearing.

     

     

     

    Mr Allan has expressed particular dismay at Rangers manager Ally McCoist who, when the punishments were announced, publicly called for the names of the panel – which were supposed to remain anonymous – to be made known.

     

     

    Mr Allan, who makes his comments in an interview for Channel 4 news which is due to be aired tonight, says he was “astonished” by McCoist’s comments.

     

     

    The QC claims he had to have meetings with both Special Branch and anti-terrorist officers after police found evidence of various threats being made by groups with links to Rangers.

     

     

    Mr Allan was warned not to handle incoming mail to his home and was given round-the-clock police security for weeks.

     

     

    Earlier this week Rangers chief-executive Charles Green also claimed to have been subjected to threats by fans when he arrived at Ibrox.

     

     

    Mr Allan tells the programme: “I wasn’t ready for my family to be exposed to that and that caused me a lot of anxiety. We were given a full briefing on mail handling. I was told there would be certain items which I should under no circumstances open if they were not from a familiar source.

     

     

    “I was told I should take mail into the smallest secure room with the fewest windows and have the family somewhere else in the house whilst I opened the mail.”

     

     

    When McCoist publicly called for the panel to be publicly named, Mr Allan says he was both worried and taken aback.

     

     

    He added: “I was astonished when I saw a recording of Mr McCoist demanding the [panel’s] names be disclosed and declaring he did not know who they were, and felt he ought to know.”

     

     

    After news of the threats emerged, McCoist said he did not regret his call for the panel members to be named but was disgusted by the threats made against them.

     

     

    Rangers subsequently challenged the SFA panel’s punishment – fines of £160,000 and a 12-month transfer embargo – at the Court of Session and had their appeal upheld.

     

     

     

    http://www.heraldscotland.com/news/home-news/rangers-fine-qc-speaks-of-threats.19248262

  15. oldtim67

     

    15:25 on

     

    25 October, 2012

     

    Richie.

     

     

    I may be in the Bacchus Coffee Shop,before the game on Saturday,if you fancy a couple,let me know.

     

    ——————————————————-

     

    Sounds like a plan!

  16. The Battered Bunnet on

    Pantone 417 Whitemoss Grey is so named because it is almost as dull as East Kilbride this morning.

  17. Armageddon, Dundee style…

     

     

    “Unless we get the voting structure changed, I can’t see anything happening at all,” he said. “Rangers can’t be voted back in. They’ve got to earn the right by coming back up through the leagues. I’m not saying it won’t, but I can’t see it happening. There’s no way the leagues will be reconstructed for them.

     

     

    “Ideally, you would like to see everything changed at once, but I just can’t see how 11 clubs would agree on the size of leagues, money redistribution and voting. It’s a very different league this year. We’re no worse off than we would have been if Rangers were still in the league. If anything we’ve gained by Dundee being in the SPL. We’ve benefited more than most from having them up.”

  18. Dontbrattbakkinanger on

    Ally Mccoist is from East Kilbride. Now heading towards the depths of the Mariana Trench of dullness.

  19. The Battered Bunnet

     

     

    yesterday we celebrated because there were no arrests for drunken sevconian behaviour in the murray bar for the first time in 8 years, so roadworks finishing is a major event

     

     

    I will send you a copy of the EK News next wednesday so you’re upto date with events

  20. I’m Neil Lennon (tamrabam)

     

     

    I think we should ban Barca next season, so it is a level playing field. :0)

  21. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    TAMRABAM

     

     

    Brilliant idea. Teams with such levels of debt are generally good on the eye in the short-term,but are defo ruining the game long-term.

     

     

    And,as you say,they will try to ensure their own survival even at the cost of the other clubs-a bit like Rangers,tbh.

     

     

    The other thing is that the sun calls Schuster a Barca legend to validate his comments.

     

     

    Is that the same player who walked out on them when Venables dropped him,then joined Real Madrid?

     

     

    I doubt if any Barca fans consider him a legend.

  22. Dontbrattbakkinanger on

    TBB- plucky Italian seismologists being threatened with chokey over ‘failure’ to predict catastrophe- you must have thoughts on this!