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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Would anybody out there please enlighten me if there is any other country on the planet which would put up with this disgraceful situation at the BigotDome. Words really fail me that this is allowed to go on and on and on. Talk about smoke and mirrors!!
It would be funny and suitable for Loony tunes music, scandalous!!
KINGLuBO
winning captains 15:36 re “The Seville Money” – and the “Dyslexia Thread” – I thought the charges in Operation Yew Tree related to other alleged offences, was money involved as well !
big mike
17:25 on 12 November, 2013
The Huns rioted in Manchester
The Celtic fans defended themselves in Amsterdam
Why would anybody bring one into the other as if there the same thing ?
Ernie Lynch
You continue to live in your shallow, selfish, bedroom tax, food banks unionist world whilst some of us try to do our best for the future of our children and grandchildren by ensuring they have access to a decent further education without leaving owing many tens of thousands of pounds.
You are in good company Ernie…the Royal Family, Ukip, Walter Smith, Fat Sally, Most of the Ibrox hate fest and last but not least: The Loyal Orange Order. All, like you, wishing and praying for a No Vote.
Up the Republic …Freedom!
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 a 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.
Is there any truth at all in the link between Sevco and Whyte?
Simple question. Does anyone know for sure? Or is this gonna be pages and pages of speculation?
Dyslexic stripper from Govan:
“No suspender”.
Dyslexia lures,
KO
KINGLuBO
Jackanory.
Will the board please cease the gags on Dyslexia as I will have no option but to report it to DAM …………………………………
Mothers Against Dyslexia.
BMCUWP……..Englebert Humperdink choon was better.
Berttheangelwhohumpedadonkey?
Celts look forward to the next CL clash against AC Milan at Paradise to enhance chances of European football after Christmas.
Meanwhile, over on the dark side:
Incorrect stories … the Company, eh, Club … allegations … Craig Whyte … links to Rangers.
Pinstripe Masons … Police … Sevco 5088 Limited.
Investigation report not released … matter reported to the Police … undermine Police inquiries … protect the interests of the Company, eh, Club … legal action.
Police investigation … team’s, eh, Club’s licence … SFA to withdraw … team’s, eh, Club’s membership.
Malcolm Murray … dismisses … Craig Whyte’s involvement with the Club, eh, Company.
Happy days !!!
….PFayr @ 17:11,
“I witnessed the discourse to which you refer”
Thank you…
“SFTB
Sorry don’t agree with your take on that post ….seems to exhibit a lack of understanding about what a blog is about
SFTB takes time and care over his posts, so I looked out a quote to represent this point…
From: Gerald766 @16:18 on 21 August, 2013….
“Sir Paul, very disappointed in your summation.
No account of extenuating circumstances, rather a complete dismissal of any.
It ill behoves you!
I shall return to this forum returns when it reverts to something like FAIR!
Now this was a post after the away trip to Karagandy, Paul wrote a feature entitled “Unprepared Celtic”.
Now most of us, at one point or another have disagreed with Paul but the thing that caught me about Gearld766’s post was not only a flounce over a measured piece but the tone and the use of the verb behove.
As if Paul has some sort of duty to toe-a-line.
Hail Hail
Hail Hail
where’s wee davie?
Finally ensconced in the Southern for the hip op tomorrow.
Questions re Spivco…
What are they investigating?
Who are they investigating?
Who else is involved in the investigation?
Why is it bring leaked now?
MSM
Lenny thinks Biton n Pukki were good at the weekend…
Hahaha
Kikinthenakas
asonofdan
17:36 on 12 November, 2013
Over the top……behave yourself, mhan….!!!!
Just came on to say sorry to hear about your mum Hendrix 67. Said the De Profundis for the repose of her soul. In the presence of the Lord she will be restored to eternal perfection. Take care.
“haw Grigor, wheres the incubator an’ who’s haudin’ the ‘history’.?….”
hendrix67 @15:57
my thoughts and prayers with all the family
Hmmmmmm……just thinking like.
Reckon most people on here agree that Celtic’s PR is crap?
Is it just lazy PR?
Because anything that comes out of Planet Sevconia these days is a PR nightmare , even with the ‘assistance’ of that little creep JI
Could it be the case that our custodians reckon they don’t even have to say anything to look good by comparison to Sevco?
Poor show if this is the default position of our board.
Lazy Lazy PR.
Connaire12
Thank you but its my gran who has passed away not my mum.
Pod I
Thanks mate. I’ll be in touch soon.
billy bhoy 05
17:48 on 12 November, 2013
Over the top……behave yourself, mhan….!!!!
Sorreeee, aSonofDan………mistake.,,,,!!
kikinthenakas
18:14 on
12 November, 2013
Finally ensconced in the Southern for the hip op tomorrow.
……………………………….
hope ahting gaes hunkydory……and when yer better you can shout Hip Hip Hooray …braw!
67 Heaven 18:19
I would no doubt agree with you if it was anyone but Ernie but he has been very nasty in the past.
Long shot here… any cqn mechanics?
Havin car trouble and im ready to lose the plot here
aye auld Ernie has a hair Trigger…………braw
Bhoylo83
18:27 on
12 November, 2013
Long shot here… any cqn mechanics?
Havin car trouble and im ready to lose the plot here
……………………………
am in the Cayman Isles …gave up that line of work …days ago…(makeyousmilefc) braw
VP-HT -you have mail,not sure if any good to you…
Lennybhoy-CRC -Mail to you
Neustadt-braw – thanks for nahan! :-p
Engine turns over ok but car wont start..no lights on the dash board but head lights work… battery workin…
Ahhhhhh!!!!
Gotham Police Dept…..sorry police scotland don’t do anything unless a crime has been committed.
They are clearly being directed by the Crown Scotland to investigate, collect evidence and report back to see if a criminal offence has occurred.
The criminal offence will only occur if monies or property was obtained by some legal entity that was not lawfully entitled to them……this is fraud and a criminal offence.
CW bought all of the assets and all of the debts for a pound sterling from SDM which is a matter of public record……and very legal.
He then had various companies with which he proceeded to place different parts of the original RFC that he bought….and very legal.
The fundamental question is which company went into administration and what assets did they possess?
If RFC was liquidated without owning the real estate then another legal entity owns the real estate.
Anyone who bought shares in any related company other than the one which owns the real estate is a fool.
This is why the McColl/Murray camp have not put any significant money into IRFC…..because it has no real estate to secure fixed charges to IMO…… they have only a set of 12 month old accounts and jerseys for their money which would imply that the Easdales have had their financial errse felt?
In all of this CW could quite easily own a bit of a company……. that owns a bit of a company….. that owns the real estate of whatever its called today……. much like your insurance company owns shares in thousands of companies to get you your dividends.
The bottom line is that CW and TICKETUS have legal control of the real estate somehow and plod will find nothing criminal to prosecute. Certainly questionable business practices but nothing criminal IMO
These people make their living from doing this and the best ones employ qualified expert advice before they blink.
The orcs as an entity are finished. They could be back as a franchise to salve the needs of the 80% here in Scotland but thats about it.
They’re going the way of Third Lanark wether they like it or not.
The problems are too big, the finances required are too much, the market we operate in is too small, it requires too much investment to catch Celtic.
Watch us weep….your Grandchildren will be Celtic supporters.
billy bhoy 05
18:24 on 12 November, 2013
Hahaha….think a few of us have had wee run – ins with Ernie….. But he is a great Celtic Supporter….!!!!!!!!
!!bada bing!!
18:34 on 12 November, 2013:
Got it mate, much much appreciated.
Keep the Faith!
Hail Hail!
67 Heaven
Now that is important..,cheers
Thank you Bada.
HH
CRC
Greendreamz
That cheered me up
B-)
http://www.onfieldsofgreen.com/a-window-on-a-scandal/
A must read….