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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Benny Bheula – according to this document clicky – in August 2012 the Crown Office had an Economic Crime Unit.
It appears it’s full title is – Economic Crime Unit of the Serious and Organised Crime Division of the Crown Office and Procurator Fiscal Service.
Have a nice Christmas everyone, I hope you all get what you want from Santa. I think it will be a good one this year. A Whyte Christmas, I’m dreaming of a ba ba ba baum
@celticfc: Celtic home SPFL game against St Mirren, scheduled for Wed, Dec 18, has now been re-arranged for Sunday, February 2, 2014 (KO: 3pm). (PC)
HH
“The new Zheng Xizhe will be the mien man, China is foo of yung crackers”
Pedro Lawell No 67
– hail hail you’ll never wok alone
67 heaven
Am thinkin along the lines of cha du rei, zheng zhi, Koki mizuno!
Let’s hope he turns out like nakamura!
Economical with the truth Crime Unit of the Serious and Organised Crime Division of the Crown Office and Procurator Fiscal Service.
Could they investigate the MIB’s as well?
Ole Ki Sung-Yueng was the biggest Asian commercial success ever at Celtic – couldn’t get a game mind, but an overwhelming success just the same.
Lest we forget…
Just picture Jack Nicolson barking ‘You can’t handle the truth!’
————————–
And let’s not forget how some with telly platforms were prompted by those bloggers and ill-informed commentators. Stupidly they allowed themselves to be duped by supporters with dangerous agendas hidden under the banner of integrity.
And the result? Some of the most shallow and infantile drivel ever written. These egotists are so into themselves they’ve no regard for the safety or wellbeing of those about whom they have written some awful and completely inaccurate pieces.
Despicable, pathetic little creatures craving some kind of recognition but lacking in conscience and morality.
I’m so sorry they’ve had to be thrown up into the same piece as some of the true greats and gentlemen of world sport.
However, that’s it. My work here is done and I’m glad – but just for the record, I’ve not been sacked or made redundant. I was asked to remain but my conscience won’t allow me to stay in our profession.
James Traynor – Moral Arbiter For Hire
—————-
I don’t feel sorry for the zombies but it has all become rather depressing and unfunny. Sad reflection on this country and its governance.
“Celtic home SPFL game against St Mirren, scheduled for Wed, Dec 18, has now been re-arranged for Sunday, February 2, 2014 (KO: 3pm). (PC)”
Don’t we still have an outstanding trip to St Mirren to fit in?
weeminger @ 10:28 on 12 November, 2013
Thanks. My reading of this is that police Scotland doesn’t have an ECU, and that the SCDEA investigate at the behest of the crown office ECU.
So it looks like the Crown Office driving this.
67Heaven … I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors
09:59 on
12 November, 2013
Thought this comment was amusing…………..…
“advice
never tarnish your own reputation by teaming up with a can of worms who behave like money grabbing sharks”
This post should be in Harrods Xmas Cliche Window Display.A virtual cornucopia.
Paul67,
“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.”
Have you missed the all-important word, “The”, from the club’s title?
Or have I missed the latest change?
Could you keep me right please?!
Al
AC Milan.
The Italian media are reporting that Berlusconi has decided that Allegri will continue to be Manager of AC Milan.
Swathes of the support are mightily hacked off . They want Allegri to go and they want it now.
Italian media continue to put the boot into Milan .Heard one influential journo say this on the radio ———
” Milan are weak and scared. They know that a top 3 place is now beyond them , they know that on current form they’ll be fortunate to scrape a Europa League place.”
Very wet , a feels cold 12 degrees,way down south.
I had a look at the various media outlets this morning and can’t for the life of me find a campaign to bring two youngsters wrongly imprisoned abroad home.
These two youngsters crime appears to be that they were in the wrong place at the wrong time. They have apparently been beaten by a foreign poilce force and left to their own devices in a foreign prison with little support or finance from the UK goverment. The lack of publicity to these young boys plight is a disgrace.
If you rewind back a few months there was a campaign of unbelievable proportions to get two other youngsters home from a foreign prison.
The difference between the youngsters is quite simple.
2 of these people are football supporters who were caught up in a rammy and beaten by the local police while trying to enjoy themselves on a footbal trip to watch their team.
The other two are convicted drug smugglers who although had ample opportunities to alert the authorities through numerous airports did not.
Why would the media feel that these girls deserve maximum publicity whilst the two football supporters do not?
I am totally confused and would like someone to explain to me why the media have all but ignored the plight of two young football supporters who we know seem to be the victims in what can only be viewed as police brutality whilst travelling abroad to see their team.
This could have been anyone’s son, brother, nephew, friend, etc. The colour of his scarf is not important. This should be getting maxmimun exposure in the press.
I would hope that these young lads are getting the support and publicity they need to highlight their situation as the media are completely ignoring them. Let’s hope justice is done and they are home with their families soon.
LB
livibhoy.
We’ll said .hh
niallo83
09:45 on 12 November, 2013
_______________________
I’d be interested to see who you think would keep Bannon oot the team ?
Also – Hollihan ticks the box for me ‘principally’ because unlike KC who
has a tendancy to throw himself to the ground almost -Naismith like – WH
gets on wi it. imo
HH
benny bheula
10:43 on
12 November, 2013
Probably right, although the two references I found were from last year and early this year, so it may be in the process of becoming a Police Scotland unit.
To be honest if I was a sub editor I’d be calling it the Police Scotland ECU rather than the mouthful I found. Ultimately the understanding is the same. A unit focused on corporate crimes is looking into their dealings.
“He is an intelligent player and left a profound impression on us. We are very interested in the local market.
“In addition, we wanted to have a look at Zhang and a better understanding of him. He is a phenomenal player and he is very hopeful of getting a place in the Celtic squad.
“He is young and is very good both physically and technically. He is progressing all the time and showing improvement.
Going by our past record of unearthing defensive and midfield diamonds,not sure if PL statement was a wise one.Half the EPL teams will have their ears cocked,and scouts being dispatched eastwards.If he is that good why not tie him up on a pre-contract?.
McDowellcelt god bless wee oscar
10:12 on 12 November, 2013
In a word, No.
PL was in China helping promote SPFL and Celtic. It is a market the club has targetted for a while now.
PL was talking to local media for the benefit of local audience. Lenny wasn’t there.
hun skelper
10:13 on 12 November, 2013
niallo83
09:45 on 12 November, 2013
Never mind Europe, we have a youth squad full of talent, the bhoy Henderson showed up well in pre-season maybe he should be given a chance and biton and rogic need a run of games to see if they can excel like wanyama did when given a run. We have plenty of talent at the club they just need game time HH
Not sure about Henderson…..but a good call on Rogic and Biton!!
Alasdair MacLean 10:44 on 12 November, 2013
It is difficult to keep track of these things but the “the” you are thinking of I believe belongs to “the rangers international football club plc” which is the newly formed (last december share issue) parent company of rangers football club limited (formerly sevco scotland limited).
There may be some errors in the above but that’s how I understand things.
MJM
I sometimes think you Bhoys who think the Rangers will go out of business think if you say it often enough it will come true.I think it would be better to prepare yourselves to playing against them at the latest two seasons from now.H.H.
Henriks Sombrero
10:14 on 12 November, 2013
________________________
Agreed fella.
I think it’s joost the still wet behind the ears mob who think that the huns will ever see justice.
I was talking to a hun recently who was illustrating to me that the huns could end up losing between – £45 mill – £60 mill whilst their oot the top league. He ment lost CL money ???
Another tim sitting close by said – “…ach well at least yeez didny hiv tae pay back the £140 mill to HMRC !!!”
HH
is that us getti
ng another chinese takeaway ? what will pL deliver next?
Important phone call – Off oot.
Gordon_J backing Neil Lennon
10:42 on 12 November, 2013
“Celtic home SPFL game against St Mirren, scheduled for Wed, Dec 18, has now been re-arranged for Sunday, February 2, 2014 (KO: 3pm). (PC)”
Don’t we still have an outstanding trip to St Mirren to fit in?
No, its the home game cancelled for the Liverpool game in Dublin that’s outstanding. Makes sense to change from the Wednesday before Xmas to a Sunday in February. We were meant to be at Pittodrie that weekend but they will be on League Cup semi final duty.
Is anybody seriously worried about Wanyama at Southampton? While the club are doing well, the big man has been rotten for them this season.
If he and Hooper flop then nobody down south will pay good money for our players.
We will still lose players, just for bosmans and small fee’s.
Instead of signing a Chinese player, PL should be looking at another South Korean and of course a TV contract for all Celtic games to be broadcast live in South Korea as part of the deal. All games should be moved to 10:00am kick-off to allow Koreans to tune in at 8:00pm.
Did I mention that I am no longer based in Baku? :-).
MJM
note to self, change blog name.
ryecatcher
09:45 on
12 November, 2013
Yorkbhoy….Might be wrong but I thought Zurawski was on fire to start then fizzled out at the end?
Aye, Zurawski was great until he discovered Victorias….
Back to lurking so.
Árd Macha
KevJungle
11:03 on
12 November, 2013
Important phone call – Off oot.
—————————————–
Surprised they still have a phone box in ole Blantyre.
Timaloy29……except for Saturday big Vic has performed competently for Saints since joining.
He’s allowed one bad game?
Paul Merson on Sky said he was a bargain at 12 million just the other week.
It seems we are all confused about the news of further police involvement down Govan way.
Does anybody know who is investigating what because it’s on the news and in all the papers?
Is it Police Scotland, City of London, Thames Valley, Interpol, Toytown Police?
What exactly is the crime?
Who are the alleged offenders?
Are the tribute act going to lose their licence?
Can someone enlighten us ’cause it sounds serious whatever it is?
Maybe a proper journalist will give us the full story.
Maybe not.
Alex Thomson, are you there?
Livibhoy
I see the Celtic Trust are looking to fund Legal assistance for the DAM 2 to at least get them home pending trial, donations would help.
HH
Turkeybhoy
In response to your post last night.
The point I was making about the £6m signings from England is that the market down there has moved on. We couldn’t afford a player from that market now. A £6m player 15 years ago would now cost in excess of £15m and would cost £60k+ a week in wages.
Celtic can go out and sign one player for £5m+ from a foreign market but we would have to pay wages relevant to that transfer fee. That would probably mean giving such a player £40k+ a week. If that player is then not perfomring at the level of the rest of the players the other players would rightly want more money. We have seen recently with Anthony Stokes that players if performing will want more money or be on more of a par with top earners when their deal is expiring. This pushes our wage costs through the roof. It’s a risky business and I can see why Celtic have avoided this so far. I think if you have a star player akin to a Larsson other players can understand why their wages are double what they are earning but a top earner who turns out to be average is very risky for a football club. I think Birmingham City are still paying a player £60k a week in the Championship and a former target for Celtic is being paid £40k a week in league 1 in England. That is what we are up against unfortunately.
Our strategy is providing us with a level of success at the moment. The question around big money signings may be more relevant when that success dries up. It’s a debate however that will never go away. We all want success today! Football fans are never the most patient of customers.
LB
timaloy29
11:06 on 12 November, 2013
Is anybody seriously worried about Wanyama at Southampton? While the club are doing well, the big man has been rotten for them this season.
If he and Hooper flop then nobody down south will pay good money for our players.
We will still lose players, just for bosmans and small fee’s.
Very good point…..but I think they’ll both come good eventually!! Might take them a while to settle though
http://mobile.newsnow.co.uk/A/678963563?-10583
For anyone interested in helping HH