Its seven months since the Worthington Group, who represent the interests of Craig Whyte, reported Charles Green and Imran Ahmed to the Serious Fraud Office over the ownership of Sevco 5088 Ltd.
Sevco 5088 Ltd bought and paid for irrevocable rights to buy the assets, including Ibrox Stadium and Murray Park, of Rangers Football Club PLC, in liquidation. Those rights were subsequently assumed by a different company, Sevco Scotland Ltd, now called Rangers Football Club Ltd, who are a football club in the third tier of Scottish football.
The question is, how did Sevco Scotland acquire those rights?
When this question was raised back in April, it was reported that Rangers International PLC instructed Pinsent Masons to investigate the matter, but instead, Pinsents reported on whether Craig Whyte was involved in Sevco Scotland Ltd, a company he claimed no connection with.
The BBC, who broke the story yesterday evening, suggest Police Scotland are investigating if Craig Whyte is still involved with “Rangers”. Although this would break the terms of Newco Rangers entry into Scottish football, it is not, of course, a crime, nor something the police would concern themselves with.
More importantly, the BBC suggest police want to speak to Charles Green, former chief executive of Rangers International PLC, about a document submitted to Companies House. The dispute over the ownership of Sevco 5088 Ltd has played out through documents submitted to Companies House, not all of which can be legitimate.
Perhaps the biggest challenge of all to the Newco is that these matters have a history of taking a long time to resolve. Time is not a commodity a company without bank borrowing or positive cashflow can afford.
If only any of us saw this coming………
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CQN Annual is shipping this week:
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That’s 5’s, not gowf!
@ScotlandSky: UEFA fine AFC Ajax €25,000 for the improper conduct of their supporters at Champions League match against Celtic on 6 Nov in Amsterdam
Chairbhoy
If you are not quoting him but paraphrasing, is there a possibility you might be reading him wrong? If you can quote intemperate, non-humorous abuse, from the poster, I would be convinced otherwise.
BMCUW
I have read the post again and you still have not highlighted what is wrong with it.
I am not surprised that it got responses but that was never my argument. What I objected to was the “Why don’t you just go home to The Celtic View” type response.
He is right to decry the imagined and self-awarded expertise of our more bumptious posters just as I am comfortable in my skin at having a go at posters who call our captain a hun.
Nowhere in his post does he censor or limit discussion. He is calling out the guys he disagrees with and asking for credentials, not for their right to have an opinion, but over the vehemence and certainty with which such opinions are expressed.
What are you reading in it that I am missing?
@martin_compston: Miley Cyrus getting stick for smoking a joint in Amsterdam lucky she wasn’t wearing a Celtic top would’ve got bottled, punched, jailed #joke
Jonny G45
aye you sound a bit fitter than the golfin crew on here! hahahaha braw
@Callummcgregor8: Just like to thanks the notts county fans for voting me as the player of the month again for the 2nd time in a row ! #coyp
SETTING FREE THE BEARS
Not in my opinion he isn’t.
The way I read it at the time,and now,is that no-one is entitled to any form of opinion,much less a dissenting one. Pay up,sit down,beat it.
We apparently don’t know enough about the game to form an opinion.
neustadt-braw
16:48 on 12 November, 2013Jonny…G45aha …Cathkin Braes are bonnie …..do you play?
Wrong site possibly…? :)
Ryecatcher
….or … the dyslexic pimp who bought a warehouse.
Anyome fancy going to this? Get it in your diary.
From winning captains
Celtic Quick News is TEN next year and to celebrate the blog will be hosting a Ten in a Row dinner at the Kerrydale Suite at Celtic Park on Friday 14th March 2014. More details to follow but the event is now confirmed.
!!Bada Bing!!
17:01 on
12 November, 2013
neustadt-braw
16:48 on 12 November, 2013Jonny…G45aha …Cathkin Braes are bonnie …..do you play?
Wrong site possibly…? :)
………………………………………and here is ma all time favourite Bridie recipe ! braw
Gerrybhoy… Or..what about the hunchback footballer (Tommy McLean?) who threw himself on to the playing surface when taking a shy?
Billy Boy 05.
Thanks for your article-it informs and encourages us to think about the whole independence thing.
A thought always comes to mind when considering this proposal-is it possible we could do any worse by replacing a corrupt , rotten , Canary Wharf run government by one based in , and responsible to, Scotland as a whole?
No contest in my opinion.
I spent a good deal of time in the 80/90s working in Scandinavia as part of my then job and was quite frankly envious of the choices young Norwegians (the same ages as my family in Scotland), had when considering life after school/college.
I would say that the envy was well founded (if envy ever can be),when we look at the opportunities available for our school/college leavers today-as directed by Ian Duncan Smith , ensuring for his masters the continuation of the affluent south east of England with the country being run for, and by, the private schools so called elite. GET RID.
Rant over-thanks Billy 05.
Hendrix67,
Sorry to hear your sad news.
Please pass my condolences on to your family.
TGSC
Chairbhoy
I witnessed the discourse to which you refer
SFTB
Sorry don’t agree with your take on that post ….seems to exhibit a lack of understanding about what a blog is about
Sevco respond to recent reports with another belter of a statement:
Carefully worded, but it actually says nothing…
“Incorrect stories concerning the company have appeared in the media today and yesterday concerning allegations that Craig Whyte still has links to Rangers, which the company would like to clarify.
“Pinsent Masons has not reported to the police that Craig Whyte has any connections to the company. A separate matter was reported to the police by Pinsent Masons, on behalf of the company. That matter related purely to director appointment form which purported to appoint Craig Whyte as a director of Sevco 5088 Limited.
“One of the reasons the investigation report has not been released was because a matter was reported to the police. The company did not wish to do anything that may undermine any police inquiries into the issue. The board of directors have at all times acted to protect the interests of the company and the company’s ability to take legal action.
“The company regret the need to disclose this issue but it is necessitated by the incorrect and speculative articles that have appeared in the media. There has also been speculation in the press on the impact that a police investigation has on the club’s SFA licence to play football. To confirm, there are no grounds for the SFA to withdraw the club’s membership.
“The company also notes that former chairman Malcolm Murray dismisses the allegations concerning Craig Whyte’s supposed involvement with the club.”
Could the cyber gnats not find another forum to discuss their politics?
No one else is interested.
Steinreignedsupreme
17:13 on 12 November, 2013
The last sentence is a belter. He didn’t sound too sure when he actually said it on the radio.
STEINREIGNEDSUPREME
Wee choon for Sevco.
http://m.youtube.com/watch?v=_csn7KtVeOU&desktop_uri=%2Fwatch%3Fv%3D_csn7KtVeOU
Hendrix67.
God bless your gran…
celt55 17:18 on 12 November, 2013
“The last sentence is a belter. He didn’t sound too sure when he actually said it on the radio.”
Aye.
Ole Malcolm has admitted he did not see the Pinsent Masons report, but that he is “pretty sure” our hero is not involved.
Hardly the same as what Jack is claiming above.
Just wondering guys the Tic supporters who were involved in trouble in Amsterdam, can this affect our club? The reason I ask when the Hun destroyed Manchester after getting gubbed in a football match the club itself suffered no sanctions the reason – it was away from the football ground and therefore I assume there will be no problems for the Tic. Feedback greatly appreciated!
Sevco making a statement about their license?
As the song goes “There may be trouble ahead…”
ernie lynch
17:15 on 12 November, 2013
Now now, Ernie…….would suggest you get a ‘fair crack of the whip’ on political debates on CQN………(having said that, I would prefer no political debates at all on CQN…….
setting free the bears
Aye, broadcasting the development squad games to the Chinese, at least we’ll have learnt something from the Du Wei era:) He is still developing now by all accounts…
HH
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS backs Resolution 12 17:20 on 12 November, 2013
That will never catch on at Ibroke unless the marchers perform a rendition of it.
Development work at Celtic Park. (PC)
http://t.co/KWUNYpYmrx
asonofdan
17:29 on 12 November, 2013
Where..?
67Heaven … I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors
17:29 on 12 November, 2013
I have never initiated a political discussion on here.
Hope someone makes a film of all this iPod mess
67heaven …
On their official site and Sky reporting it.
Right out of the blue! :0)
Oops ipox
The good ship celtica
Thanks man. She had been ill for years and bed ridden for the past 3. Did you ever meet my gran?
67Heaven … I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors 17:31 on 12 November, 2013
From Sky Sports:
Rangers refute licence claims
Rangers claim they will not lose their licence to play in Scottish football as the result of a police investigation involving Craig Whyte and Charles Green.
Reports in Scotland have revealed officers from Police Scotland’s Economic Crime Unit are now looking into the matter.
Whyte, the former owner of Glasgow Rangers, is banned from any involvement in Scottish football after that club entered liquidation in 2012.
Green purchased assets belonging to the old club, such as Ibrox Stadium and the Murray Park training facility, but Whyte then claimed he was a director of Sevco 5088 Limited – the company behind the new brand.
Rangers launched in internal investigation earlier this year using law firm Pinsent Masons, which cleared Green of any involvement Whyte.
Malcolm Murray, another former Ibrox chairman, admitted he did not see the reports from Pinsent Masons before his departure from the club, but that he was “pretty sure” Whyte has no involvement.
A statement from Rangers read: “Incorrect stories concerning the company have appeared in the media today and yesterday concerning allegations that Craig Whyte still has links to Rangers, which the company would like to clarify.
“Pinsent Masons has not reported to the police that Craig Whyte has any connections to the company. A separate matter was reported to the police by Pinsent Masons, on behalf of the company. That matter related purely to director appointment form which purported to appoint Craig Whyte as a director of Sevco 5088 Limited.
“One of the reasons the investigation report has not been released was because a matter was reported to the police. The company did not wish to do anything that may undermine any police inquiries into the issue. The board of directors have at all times acted to protect the interests of the company and the company’s ability to take legal action.
“The company regret the need to disclose this issue but it is necessitated by the incorrect and speculative articles that have appeared in the media. There has also been speculation in the press on the impact that a police investigation has on the club’s SFA licence to play football. To confirm, there are no grounds for the SFA to withdraw the club’s membership.
“The company also notes that former chairman Malcolm Murray dismisses the allegations concerning Craig Whyte’s supposed involvement with the club.”
hendrix67
15:57 on 12 November, 2013
—
Consider it done God Bless
!!Bada Bing!!
17:31 on
12 November, 2013
Development work at Celtic Park. (PC)
……………………………..
we should have dry stone wall competitions…show them what a real craftsman can do…braw ….
“The company also notes that, despite laying a wreath at the foot of his statue during the Rememberance celebrations, former player John Greig wants to point out that reports of his passing away have been greatly exaggerated.”
“Old club”
Have Sky grown a set?
HH