The BBC report that police in England detained four men in early morning raids in relation to an inquiry into the purchase of Rangers by Craig Whyte (not one of the four) from Sir David Murray. This one has been a slow burner so far and although this is a significant step, there are still many layers to be unpicked. It’s been three years since I heard of what was going on in the dying days of Rangers, this step seemed inevitable, but as the years passed I wondered if anything would happen.
Please remember this is a serious legal proceeding, so act appropriately here and elsewhere online. Failure to do so could prejudice future prosecutions – and we don’t want to do that. No speculation on who is involved and what they may have done.
Why are we reading that the European Commission confirmed Celtic did not benefit from state aid? Good grief, if six of you get together and badgered someone into checking if Ronny Deila is in the Norwegian Red Brigade, would anyone subsequently report this nonsense?
Absurd fantasies being denied is not news, unless you’re analysing the absurd fantasists.
I see there are complaints aimed at Ibrox that they are “giving away the family silver to keep the lights on”.
What kind of fool has silver in the drawer but can’t put money in the meter? Football clubs, like all companies, have to keep the lights on and pay all creditors. If they cannot pay, they are legally obliged to sell assets. Failure to do so will result in the court appointing someone to dispose of those assets for them.
This is where Newco Rangers are now. The utter contempt for financial responsibility which has endured at Ibrox for over two decades, means that no one can afford to cherish whatever silver remains. It is perhaps even more futile to blame major shareholders for not accepting an offer to dilute their control and destroy shareholder value – which is an accurate description of Dave King’s recent approach.
Those shareholders were heralded a short time ago for putting their money where their mouths were when the legions of ‘Rangers men’ kept their hands in their pockets. Offering shareholders a deal which would jeopardise their chances of the financial return they expect was a waste of everyone’s time.
Newco is owned by people who have put tens of millions into it and who are looking for a financial return. Any forward plan has to recognise this reality. With trading conditions are severe as they are, the club will sell-off anything they have to compensate these shareholders and meet obligations to tax and trade creditors. Costs will be cut, and if income subsequently falls, cut again.
Having checked out Burton’s online this morning I think I’ve got Christmas sorted. I really hope we see the Sports Direct ‘flash mob’ protests deployed at another of Britain’s major retailers. They are up there along with State Aid campaigns as a productive use of time and energy by people with unparallelled levels of vision and clarity, who really need more focus more/tone down the hissy fits.
I’ve never been one for patriotism but if you’re off to Celtic Park tonight, remember to sing both anthems in the battle of the Celtic nations. This advice may change on Tuesday. It will be great to see Aiden, Shaun, David, Robbie, Martin and Gordon grace Celtic Park one more time. So many great memories…
You can get copies of Caesar & the Assassin, Billy McNeill and Davie Hay’s accounts of managing Celtic from Jock Stein’s departure until the appointment of Liam Brady, here. We’ve stopped taking orders for signed copies, which will only be available at author events going forward.
A CQN’er (and absolute star) has kindly donated two North Stand tickets to Tuesday’s Scotland-England game on Tuesday. He doesn’t want any money, but asked if I could get something for Mary’s Meals for them. Face value is £60 each. Email me before midnight tonight if you’d like them, celticquicknews@gmail.com
1,736 Comments- Pages:
- «
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- ...
- 46
- »
Erm…they’re not taking it very well! lol
The Battered Bunnet
12:40 on
14 November, 2014
Paul
It’s the Sevco transaction that they’re investigating.
D&P’s Managing Director and previously Joint Administrator of Rangers plc is one of those arrested.
Way beyond popcorn. Way beyond.
======================
Yup the original Tweet had wrong date in it.
Pile all the rollercoasters in the world on top of each other and this would still dwarf them.
I’ll start football first.
The 5 Way Agreement and all that came under it.
The Same Club myth
The Defense of Title stripping
The SFA/SPFL role
Business Second
The IPO
(A bit of a tsunami this one)
Anymore for any more?
Canamalar@12.19
“why did NATO expand if the Cold War was over who are they protecting themselves against, how does your argument make any sense when the facts show otherwise ?”
Geopolitics remains a staple of economic trading blocs. Nations form alliances to increase their influence in protecting their interests.
“NATO’s next inclusion was Ukraine, Russia said no and no debate, how could NATO get what it wants except by the current strategy,”
Nato offered former Warsaw Pact members associate membership in 1993. It has taken 21 years on from that for the provocative gesture to result in conflict. Ukraine was not next- Czech Republic, Poland and Hungary joined in 1999, 7 other ex-Warsaw Pact countries joined in 2002. Ukraine were refused permission in 2002 by NATO as they wanted more reforms. It was 2008 before 2 other ex-Communist countries, Albania and Croatia joined but decisions were still deferred on Ukraine and Georgia (where Russian troops were; it was actually the situation in Georgia that led to Russia ceasing cooperation with NATO). How long does Russia get to exercise a veto on the democratic will of countries it no longer rules?
“war it’s the only why the US knows to destabilise and it’s their hallmark yet this time it’s not their doing, false claims about arms and men pouring a cross the border with zero proof and you repeat that propaganda on here, why do you have proof the US military can’t find, we both know if they had it we would not be seeing library pictures or satellite pictures from media satellites that show nothing.”
In this area, we can find agreement. There has been much propaganda on both sides with false claims of troop movements and denials that all Russian Army personnel are there as advisors or on their own accord. Both imperialist blocs use propaganda and evasive denials. The great thing is that this powderkeg has not exploded. The war has not (yet) escalated in the way anticipated. Both sides have blinked. Both sides are capitalist-minded. Neither is proposing a return to Communist or Socialist rule.
If you are looking for something to pass the time ————-
Revisit ——Random Thoughts re Scots Law and TheLawyer..com.
Russia / Ukraine .
I was in a bar in Catania last night . Lots of Ukrainians watching the news -up pops film of a column of trucks ———-Catanese wag behind the bar shouted ————-
” Dont worry boys ———– they are simply starting the preparations for the 2018 World Cup “.
“Scotzine @scotzine 26s26 seconds ago
David Grier, Gary Withey, David Whitehouse and Paul Clark are the four arrested this morning re. Rangers assets sale.”
what a braw day this is …..hehehehehehehee
bamboo
Thanks for the info
Turns out I have seen some of this stuff on Russia Today
Neil canamalar
Did Mike Ashley return the naming rights because he can’t name someone else’s property :)
====================
You are wicked. :)
corkcelt
Very funny – very very funny
67ECW
Still rather annoyed at this Old Firm nonsense.
Ive been shocked at how much some Celtic supporters love the bigotry and bile directed at them.
Carry on….you are welcome to it.
The longer you buy into the lies, the worse it will become.
Any case anyone is in doubt….Rangers were liquidated, they are no more, gone forever.
Therefore, the Old Firm….is a figment of the hun imagination.
Say no to sevco….Say no to bigotry.
HH
Arent these arrests to do with investigation into CW Sevco and CG Sevco and how Charlie for control?
Phil MacGiollaBhain @Pmacgiollabhain · 44 Sek. Vor 44 Sekunden
http://www.youtube.com/watch?v=gUzhLLRkTLw …
if you could plug into all the laughter and grins that this latest round of Huntertainment is producing ……it would in “deeds” be a green green and awfy braw world …
braw
Neustadt-Braw
13:01 on
14 November, 2014
“Scotzine @scotzine 26s26 seconds ago
David Grier, Gary Withey, David Whitehouse and Paul Clark are the four arrested this morning re. Rangers assets sale.”
what a braw day this is …..hehehehehehehee
you realise the sale could be null and void if the Administrators have fraudulently sold the assets
Neil canamalar
Did Mike Ashley return the naming rights because he can’t name someone else’s property :)
Lol. He gave up the stadium naming rights for agreement that he could flood pitchside advertising in same vein as he has at NUFC where he floods Sportsdirect name everywhere and for all that great TV advertising the club receives zero pounds!!! Though I see none of the Laptop Loyal have reported that part. :)
So Craigy still owns Sevco???
James
This one isn’t so much a story for you.
It’s a retirement plan :¬)
HHF…
(Huns Hate Fridays)
so the 4 people arrested were Germaine Grier, Jeff Withey, Mary Whitehouse and Nicky Clark
is that right?
:-)
Hopefully sevco will die soon
The corruption just keeps on and on.
How they can even operate is beyond my understanding…no accounts,….nothing
Yet…here we are, they just keep rolling along, no questions asked.
Hand in hand with their lackeys at the SFA, and all the Old Firm supporters.
How bad does it need to get before they are stopped?
HH
Paul67
I am hearing rumours that Ronny Deila has a murky past as a member of a left-wing Norwegian terror group :-)
To be serious, the 4 arrests this morning are being welcomed by fans of the Ibrox club. They imagine that it will vindicate their narrative that the pre-Whyte era spivs were clean and that they were the victims of the Post-Murray era spivs.
It is good that the police are finally moving on this fraud. It is not yet good news, however, that they are seen to be interested in only one side of the dealers.
Magnificentseven
13:06 on
14 November, 2014
Neustadt-Braw
13:01 on
14 November, 2014
“Scotzine @scotzine 26s26 seconds ago
David Grier, Gary Withey, David Whitehouse and Paul Clark are the four arrested this morning re. Rangers assets sale.”
what a braw day this is …..hehehehehehehee
you realise the sale could be null and void if the Administrators have fraudulently sold the assets
……………………………..
mmmmmmm sad eh?
hehehehehehehe
STV reporting that…
Police have arrested BOTH of the Joint Administrators of RFC plc, the Managing Director of their firm Duff & Phelps, and the former Company Secretary of RFC plc.
Oh to be a fly on the wall of the interview room.
Some fundamental questions:
Are they investigating the Whyte 2011 purchase, in which Grier and Withey played a prominent advisory role?
The 2012 asset disposal to Sevco managed by D&P?
Or the entire affair?
So, if the sale to chuck is deemed a fraud, we are doomed bhoys, doomed a tell ye.
They will get back into the spl, compensated 100s of millions for their troubles.
Doomed a tell ye.
On the other hand, I bet there a few arseholes twitchin at the sfa >}
HH
corkcelt was it wise to put the t-shirt designers name in the public domain? unless of course it was already out there he is bound to get hunted by thems. Hail Hail Hebcelt
What if this ends with the club being given back to David Murray and he only has to give back a pound to take control again?
According to shortbread wireless at 1pm nothing has happened re sevco . No reports of any arrests -zilch.
The panic-stricken rush amongst football administrators in 2012 to have a ‘Rangers’ playing in Scottish football, any ‘Rangers’, may inadvertently have helped to create many ‘Rangers’.
Would the real one please stand up…
sftb
Funny you should say that, I remember posting at the time that the plan all along was to dump the debt.
HH
Of course the state aid mob will be the same ones who called in saying lenny racially abused diouf. Dozens of the buffoons were involved in a concerted effort and plod was duty bound to investigate and find no evidence. Another great use of taxpayers money
bamboo
13:17 on 14 November, 2014
According to shortbread wireless at 1pm nothing has happened re sevco . No reports of any arrests -zilch.
————————————————-
There is no presence of American infidels in the city of Baghdad…
So maybe rangers didnt die and they can come back to the SPL -and pay back the millions of £s debts.
How do you purchase assets worth 40 odd million for 5.5m?
Creditors thoughts?
Other buyers interested but never considered.
Dos attacks on websites reporting a modicum of truth.
It’s not rocket science.
Anyway Where is the ticket bus (copy write DJ)
Met a rare specimen last night. A guy with a Liverpool beanie on who when asked by a tired and emotional me following a Rum tasting session, ” whit Scottish team do you support though?”, replied ” my team died, they are no more. I’ll have nothing to do with that lot at Ibrox now.”
Like hens teeth.
HH
The Battered Bunnet
13:18 on 14 November, 2014
The panic-stricken rush amongst football administrators in 2012 to have a ‘Rangers’ playing in Scottish football, any ‘Rangers’, may inadvertently have helped to create many ‘Rangers’.
Would the real one please stand up…
—————————————————-
The one that McCoist manages could be considered shady but never slim…
Watching outlander last night and the favourite word for the hour is braw
I wouldn’t be expecting too much with these arrests.
Don’t forget….we are living the big lie.
So…its move along timmy, nothing to see here.
In Scoddland, the most corrupt football nation in Europe.
They don’t even need accounts ffs….what does that tell you?
It tells you, that they can forego all rules and regulations with impunity.
This wont come to anything…..Handshakes all round, and it will all disappear…..Hey Presto.
Yet….there are some who still want to play sevco
There are some who want to uphold the big lie.
Back of the bus right enough
HH
The Battered Bunnet
13:12 on 14 November, 2014
If the sale of the assets was the intended stitch up it was meant to be for Craigy but went awry then wouldnt the main focus be the role of the dodgy administrators which would mean that everything pre admin and therefore Craigys role in that is not being investigated?
Looks like Duff and Phelps as administrators, which was always dodgy to begin with, might be the main part of the investigation?
What time the Sevco statement?
DownForSam
12:54 on
14 November, 2014
Any updates from FF re: Burtons?
——
The mood, as ever, is one of placid good humour:
“Burton should be ashamed of themselves portraying the founding fathers as having skull heads”
——
“Let’s find out who was responsible for this and why. Although I think we know the reason already.”
——
“Shower of spiteful and self loathing b*st*rds and have just added themselves onto the queue, I just hope they are denied the blue pound in the future.” [I think he means “list”]
——
” I’ve explained to Burton what has been done to damage our club and their brand. I’m asking for information regarding the designer.”
——
“A… tarrier post on a Facebook page he was going to buy all on his bus one”