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. My dear,dear,dear,friend.. The Singing Detective..

     

     

    Before Ah go..

     

     

    Thanks fur .. those Welcome Comments..

     

     

    Yes..

     

     

    Kilbowie Celt, Suffers fae..

     

     

    A well Known Ailment… oan this Blog ..

     

     

    It be..

     

     

     

    Whit is Known in the Trade.. as..

     

     

     

    KOJO ENVY!

     

     

    Alas! And Alack!

     

     

    there is NAE Cure!!

     

     

     

    Kojo

     

    yer pal. who likes ye mair and Mairer.

     

     

    Still Laughin’

  2. Gene's a Bhoys name on

    I am a bit confused about the timeline – when was the recording as it mentiond Chuck Green

  3. gene’s a bhoys name

     

     

    19:01 on25 October, 2012I am a bit confused about the timeline – when was the recording as it mentiond Chuck Green

     

    Thats a great point mate,think it was well before Green was “officially” on the scene.The jigsaw is coming together now.

  4. Johann

     

     

    Your the fourth person on here to call me that…..

     

     

    Can you not all just call me a hun instead :(

  5. I have just been given the most treasured compliment that I could ever ask for by the Mynah Bird & his Fawning Apprentice.

     

     

    It would be remiss of me not to thank them.

  6. Just popped on. Neil Lennon said in a press conference last week, agent was coming in for talks and added something along the lines. Celtic will see what the agent says about a new contract but to be fair WE DONT NEED TO OFFER HIM A NEW ONE.

     

     

    Dont try to mess with Neil, Victor…

  7. Duff & Phelps at dinner with whytey who is recording the conversation,unbelievably Duffers phone up mediahouse to get our hero to make a statement saying they were not involved or knew about the ticketus deal TOAST

  8. Celtic will bring players in and some will move on quickly, we as fans will be disappointed to see some of them go, but we will turn up and watch the bhoys and there will be new heroes and Celtic will continue….

  9. Johann

     

     

    Ive been called worse mate ….

     

     

     

    But why the wecome … I been on here for 6 years

  10. Another player enters the pantomime

     

     

    Ramsay Smith

     

    Executive Director

     

     

    Ramsay Smith brought more than 25 years’ experience in British newspapers with him when he joined the senior management of Media House.

     

     

    As editor of the Scottish Daily Mail, he led the newspaper through one of the most successful periods in its history and relaunched the Mail on Sunday in Scotland. He was also executive editor of The Scotsman, held executive positions in Mirror Group newspapers and enjoyed an extremely rewarding period in Fleet Street as a senior journalist with the Daily Mirror, covering many major international assignments. He is also co-author of the best-selling non-fiction book, Lambs to the Slaughter.

     

     

    Since joining Media House as executive director, Ramsay has specialised in advising major corporate clients on media relations, public affairs and crisis management.

  11. As i thought

     

    Gene’s may be correct

     

    All I know is that he threw the toys but valuation wasnt right

     

    Also contrary to popular belief Efe wasnt scouted at all. Last minute panic…..which seems to have worked out.

  12. johann murdoch on

    I wonder if glasgows so called famous daily broadsheet will completely ignore the breaking story again tomorrow ?…

  13. seanandliam1888 on

    Big Vic should stay with us for at least another season or two, how many times have we seen young players leave and blow it in what they think is the big time. He is an exeptional player but one who still has a lot to learn and who and where better than Lenny and Celtic. Still that said he does deserve a much improved contract

  14. Johann

     

     

    No rest for the wick head ;)

     

     

    I was actually a bit of a cqn junky … But after becoming acquainted with some very dodgy characters on here … I decided to wean myself off it for a while

  15. Ernie (last night),

     

    I have a different view? You must have imagined that bit: I’ve never stated my view & that’s because I don’t have one. Anyone predicting the outcome of a referendum that’s 2 years away is IMHO a mug. Your link shows the current state of betting on the result – NOT what the bookies think (they’re not so stupid as to bet themselves).

     

    By answering the question about what everyone thinks, you gave the impression that you thought you knew – tho’ you may not have meant to do so.

  16. jinkyredstar cuts it back for Neil Lennon on

    Boy Jinky

     

    As one who has suffered the slings and arrows of predictive text I sympathise!

     

     

    Yours in Celtic

     

    Jinkyredstar

  17. GlassTwoThirdsFull on

    English having a wee dig at people who said Murray left Rangers in great shape. Wonder who he might mean…

  18. adi_dasler

     

     

    “Also contrary to popular belief Efe wasnt scouted at all. Last minute panic”

     

     

    “Not scouted at all”????”

     

     

    Did we pick a name out of a hat? You’re right we did indeed lad lucky. Hope the club does not repeat this approach or we could end up with one of Sevco’s duds. :-)

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