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
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hebcelt. The designers name is common knowledge, it was on the Hun websites earlier today. If you Google Lost Souls T Shirts its prominent on their official web page,
What is basically happening…is this.
They(sevco) will subvert every rule they can, run a business without accounts etc,
And you(Celtic fans) will buy into the glorious old firm lie and go to the back of the bus tugging your forelock as you go.
Sounds about right.
Am I missing anything?
HH
I wonder if Mike Ashley will still be covering the monthly payroll for the forseeable ?
HH
SCOTLAND –
Jobo
67 European Cup Winners
Craigellachie 10
IRELAND –
Philbhoy
SCOTLAND V IRELAND
SCOTLAND –
Jobo
67 European Cup Winners
bournesouprecipe
Robcfc11
IRELAND –
What would the huns actually say to Burton’s?
Seriously?
http://balls.ie/football/gary-mackay-2/
a nice article and relevant for tonight
SCOTLAND –
Jobo
67 European Cup Winners
Craigellachie 10
Robcfc
IRELAND –
Philbhoy
Come on Ireland.
HH
Come on Eileen!
Sorry, wrong blog.
Uttering
Just when you thought the day couldn’t get any better up pops RTC:)))
If ever there was a case of “We’ll see” this is it.
SCOTLAND V IRELAND
SCOTLAND –
Jobo
Ireland
67 European Cup Winners
bournesouprecipe
Robcfc11
Craigellachie 10
Philbhoy
corkcelt
COYBIG
Philbhoy
13:49 on
14 November, 2014
SCOTLAND –
Jobo
67 European Cup Winners
Craigellachie 10
Robcfc
IRELAND –
Philbhoy
CaltonTongues
Every aspect of of the Duff and Phelps administration looked corrupt in,what for years has been wholesale corruption down
Ibrox way.
Where will the Old Bill start ?
James
I wouldn’t rush to separate the two transactions, but Withey’s involvement indicates the first transaction is the focus.
If Malceye is looking in, he might be able to describe the circumstances in which an acquisition, funded by Financial Assistance – as seems to be the case with Whyte’s purchase – might void the transaction itself.
There’s a thought eh.
Phil
They said,……… ‘gonnae no dae that,……. gonnae’
corkcelt
You’re a wee devil!
But i like you!
Bamboo and SFTB
For good info on The Ukraine, the vineyard of the saker, colonel cassad, voice of sevastopol,anti maidan and Russia insider imo.
Come on Ireland….The SFA bigot Blazers hate Kaffliks, and everyone else in the world.
Justice against corruption.
HH
I think Craig Whyte was duped and has now turned supergrass.
Interesting times ahead. Surely this mob should be banned from all football activity whilst this is sorted.
I can see them starting at the bottom as The Rangers International Swifts FC
LB
Livibhoy
Move along timmy……………………………
Paul67,
The BBC have revealed the names.
Have the song “Always look on the bright side of life” stuck in my head.
Philbhoy
13:49 on
14 November, 2014
What would the huns actually say to Burton’s?
Seriously?
——
God knows what they said on the ‘phone but here’s an e-mail:
““I wish to register my disgust at your adulteration of an iconic image for your ‘White Stolen Skulls Print T Shirt’. The image is instantly recognisable by thousands as an appallingly adulterated version of a team photograph of the 1877 Rangers [RIP] cup winning team. Do your company not do any research at all or are you trying to appeal to a section of Scottish football fans who will delight in using this item to mock Rangers fans following recent, extremely well publicised events surrounding the club.
Do your company feel it is right to insult the memories of the men who founded Scotlands most succesful football club? I think the least your company could do would be to:
a) Withdraw this item from sale.
b) Issue an apology to the thousands of [Huns] you have offended,
c) Offer any profit you have made from this item to the Rangers Charity Foundation or a charity of their choice.”
Paul you acid tongued devil.Brilliant article today.
Did you miss anyone?.
LB I can see them starting at the bottom as The Rangers International Swifts FC…..
more likely Swallys than swifts ………….. :)
braw
SCOTLAND –
Jobo
67 European Cup Winners
Craigellachie 10
Robcfc
Kölncelt
IRELAND –
Philbhoy
CaltonTongues
LiviBhoy
Nothing will happen at all.
They will continue to cheat with impunity.
Same old story.
HH
Mike Cashley’s men are just sitting there thinking.
I do wish they would make up their minds…
http://www.bbc.com/news/uk-scotland-glasgow-west-30053692
Four men have been detained by police following an investigation into the sale of Rangers Football Club in 2011.
The men were held during early morning raids at addresses across the UK in an operation which involved officers from Surrey Police, Cheshire Police and Thames Valley Police.
Police Scotland have been investigating the sale of Rangers from Sir David Murray to Craig Whyte for over a year.
It is understood Mr Whyte is not one of the four men who are being held.
A spokesman for Police Scotland said: “Four men have been detained as a result of the ongoing investigation into the alleged fraudulent acquisition of Rangers Football Club.
“Around 6am on Friday, Police Scotland officers, assisted by officers from Thames Valley Police, Cheshire Police and Surrey Police, attended a number of addresses in England and detained four men.”
The development is the latest twist in a three-year saga involving Rangers.
Mr Whyte bought Rangers from Sir David Murray for £1 in May 2011 and gave an undertaking to settle its £18m Lloyds Bank debt.
======================
So It seems its not the sale to CG that is being questioned but CWs takeover which is a lot closer to Sir David Murray.
Were Merchant Turnaround PLC and Liberty PLC members of the cast in 2011 ?
Alba!
SCOTLAND –
Jobo
67 European Cup Winners
bournesouprecipe
Craigellachie 10
Robcfc
Kölncelt
IRELAND –
Philbhoy
CaltonTongues
Aff tae ra Blane !!!!
Hope Scotland do the business in spite of everything.
The Battered Bunnet:
My take on it is much more … optimistic than that :)
This looks, to me, like BDO are going after everyone involved, from Whyte’s takeover all the way up to the present day.
This is their investigation, and the 2012 deal is certainly part of it.
Richie
Turn your cooker aff
Has John Brown appeared on the steps of the stadium with no owners yet?
No wonder Swally wanted the game postponed tomorrow. Least he has an excuse if they don;t win!
LB