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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BRB
Just go. Old Tim`s group are certainly not a clique. You will be made welcome. Any problems, just tell them Jungle Jim sent ye 0:-)
JJ
Till later all
Aiden & broonie to score tonight :)))))
Another list ————-
Duff and Phelps .
Ticketus
Grier
Saffreys .
Craig Whyte.
The difference between April 2011 and August 2011.
Off oot ————ordered to ” go and get some polenta “. Winter is on the horizon -Mrs S of T tends to return to her northern roots in winter ..
Enjoy the game !
To think I was only joking the other day when I said they might not be in business long enough to play us in January.
The Battered Bunnet
13:12 on
14 November, 2014
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?
================
I’m leaning towards the entire affair because both events have a stench that time does not disperse.
SCOTLAND –
Jobo
67 European Cup Winners
bournesouprecipe
Craigellachie 10
Robcfc
Kölncelt
Cadizzy
IRELAND –
Philbhoy
CaltonTongues
corkcelt
The Exiled Tim
Four Green Fields
no wonder so many of them deny Liquidation, check out the beebs version of events…
“HMRC subsequently rejected a creditors agreement to allow Rangers to exit administration.
The resulted in Charles Green’s consortium taking control and Rangers being accepted to play in the Scottish Third Division”
what a shower of cowards..
Even if they were fraudulently bought, its hardly possible that they could unwind things back to 2011, or is it ?.
weeminger
I said similar……but I was not joking. Without a`helping hand`, I would be certain they would be out of business by then but , with `them`, one can never be sure that honesty will prevail.
JJ
Cadizzy
You are only supporting Scotland because you live in England 0:-)
JJ
Crikey…busy working…..what’s happened…..?
Looks like somebody’s decided to “follow the money”
Wonder who’s door it’ll take them to?
Last one
This sevco thing will go on for a couple of year (at least)and will get more toxic by the day. Soooooooooooooooo IMHO.
Ashley to sell anything to get his money back then ride out of dodge
Good Aftrenoon.
As I have said before, we live in interesting times, do we not?
Paul has pointed out that there is a need for …….how can I put this…….. appropriate behaviour when online and discussing whatever might be the events of the day.
That is sage advice, but it would be unrealistic to expect that the world would suddenly be devoid of the ability to speculate.
Last week, a certain party was charged with extortion. Now extortion is an interesting crime, as some on here will know, as it involves a threat of doing something that may be injurious to someone else unless that someone hands over some money to ensure that the threatened action does not occur.
In that instance, the threat was apparently the releasing and publication of certain documents that someone would rather keep hidden or at least away from public scrutiny.
Now, of course it may be that the documents concerned, or how they were obtained, or who signed them and in what circumstances, may well be evidence of a completely separate crime altogether or even a series of events which amount to criminal activity.
Who knows?
I often think that is a question that is just floated aimlessly, but sometimes it is a really important question.
Who knows? Or even, Who Knew?
What is unusual in today’s events is that we have the arrest and detention of 4 people who are or were from the professional classes. These are people who are part of a professional body, will be part of a professional indemnity insurance policy, and who worked for a firm or firms where all sorts of practices and procedures should be in place to ensure that any insurance policies or rules of the professional body are not negated or rendered null & void by failure to follow the correct procedures.
That means there should be records — records galore of who knew what and when.
In the event of professionals such as these not having the appropriate professional records ( all their files are meant to be kept for at least ten years ) then their goose is professionally cooked. The insurers will abandon the insurance policies, the firms will abandon and disown employees, and the professional bodies will do a better, quicker and more thorough impersonation of Pontious Pilate than you can possibly imagine.
A rapid washing of professional hands will follow …… for the sake of the profession don’t you know?
Sometime ago, over on TSFM I think, I stated that in due course someone should follow the paper trail as the paper trail will lead somewhere that someone is trying to keep hidden and has always sought to keep hidden.
That paper trail does not just mean the paper trail within Ibrox or at the offices of Duff & Phelps – it means at HMRC, The Murray Group, Lawyers, Accountants, Banks, Ticketus, The SFA, The SPL, Lord Nimmo Smith, The Press, The Bank, Rangers PLC ( in liquidation ), Sevco 5088 Ltd, The Rangers International Football Club Ltd and oh so many more.
Oh and when following the paper trail …….. bring a tape recorder…… just in case.
And for the avoidance of doubt, the only people surprised about the activity of the Police this morning will be those who did not know what they have been doing in the background for sometime.
The four men arrested ( and in England that is a slightly different thing to what is meant in Scotland ) will not number among the surprised in my opinion.
Lastly, I find it interesting that this news should break via the BBC and STV.
Then again, as yet the Police in this country do not have their own broadcast channel — unless of course you count the BBC and STV.
Make of that what you will and remember ….. always be wary of the one who knocks as he comes with a purpose!
But his real purpose might just not be the one he tells you about.
I hear some squelching in the pants somewhere.
Question?? Will this fraud investigation be making LNS nervous?
corkcelt thanks for the info,was unaware. Hail Hail Hebcelt
bigrailroadblues
14:20 on 14 November, 2014
Hello bhoys. Is the Blane Valley meet private or open to all cqners? Brb in Tennents bar.
—–
CQN is by its very nature ‘open’ to all good Tims. So unless you’re a sticky I’ll see you there about half 3!
About to board the Blane Vallry
….valley express @ Stirling!
HH jamesgang
Jungle Jim. Thanks. Heading over soon. They can’t miss me. Red hair, specs, ledzep t shirt and a drink problem. Will I fit in?
PS to the old grumpy pants who once complained about people on CQN using the site for arranging beer drinking……….I’ll be sure to post to tell you when I arrive!!!
HH jamesgang
Funny how their billionaire didn’t see this coming…….or did he? ….interesting times ahead
Rock Tree Bhoy
I think this settles it
“The resulted in Charles Green’s consortium taking control and Rangers being ACCEPTED to play in the Scottish Third Division.” They were never relegated but were allowed to play (before Spartans) in Scotland.
Why is the 14th of the month so good to Celtic supporters
HH
https://twitter.com/88celtic88/status/533243722230923264
Jungle Jim Hot Smoked
14:33 on
14 November, 2014
“Cadizzy
You are only supporting Scotland because you live in England 0:-)”
Where does that leave me for Tuesday night?
BRB
Had you described your attire earlier, Jamesgang would have been quicker with his invite! Enjoy yourselves. I can imagine a fine day in Glasgow today.
AweebitjealousCSC
bigrailroadblues
You can always join my clique.
Super exclusive.
Presently 1 member.
Scotland fans.
Funny beasties.
Blend of decent folks and obvious tax dodging drum bangers.
HH jamesgang
Cadizzy
On Tuesday, you will be even more Scottish and `greetin` aboot yer wee hielan` hoose` in Greenock.
JJ
McCoist
” I spoke to the players about these 4 guys getting arrested. Look at this paper here.
Between us in about 10 minutes, we came up with a list of dozens of guys who could be arrested. “
Good news on our initiative from a week or so ago – check piggy banks bhoys…
How am I not part of the Friday early finish gang?
Can someone send me the form to send on to my boss please?
Feelin left oot!
LB
I find myself involuntarily humming the Irish national anthem on the train!
Mmmmmm. Interesting.
PlasticPaddyAmI CSC
HH jamesgang
BRTH…I hear some squelching in the pants somewhere……
a picture of that Little Britain character the “incontinent woman “……….flashes through ma wee heid …..but with a change of bodily excretion ….
braw
IKI
Swally loves a list. He must have a binder with all his lists in them.
Wonder if he will get the betting list out?
LB
SCOTLAND –
Jobo
67 European Cup Winners
Craigellachie 10
Robcfc
Kölncelt
Lots and lots of Huns
IRELAND –
Philbhoy
CaltonTongues
The Exiled Tim
FourGreenFields
Frank Ryan’s Whiskey
Crossword help required:
“Good man on film to leave the script as it is (4).”
I have : -T-T.
JJ
livi
Steakbake is always top of his list
SCOTLAND –
Jobo
67 European Cup Winners
Craigellachie 10
Robcfc
Kölncelt
Gene
IRELAND –
Philbhoy
CaltonTongues
The Exiled Tim
FourGreenFields
Frank Ryan’s Whiskey
STET