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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Everyone ready for CQN’s birthday party?
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.
Never did find out what happened to the Seville money.
13.44 TBB excellent post, good point to regarding why the auditors made their note(disclaimer lol)
Forty thousand headmen couldn’t make me change my mind
If I had to take the choice between the deafman and the blind
I know just where my feet should go and that’s enough for me
I turned around and knocked them down and walked across the sea
Hadn’t travelled very far when suddenly I saw
Three small ships a-sailing out towards a distant shore
So lighting up a cigarette I followed in pursuit
And found a secret cave where they obviously stashed their loot
Filling up my pockets, even stuffed it up my nose
I must have weighed a hundred tons between my head and toes
I ventured forth before the dawn had time to change its mind
And soaring high above the clouds I found a golden shrine
Laying down my treasure before the iron gate
Quickly rang the bell hoping I hadn’t come too late
But someone came along and told me not to waste my time
And when I asked him who he was he said, ‘Just look behind’
So I turned around and forty thousand headmen bit the dirt
Firing twenty shotguns each and man, it really hurt
But luckily for me they had to stop and then reload
And by the time they’d done that I was heading down the road
Winning Captains has the CQN annual beeen dispatched? bought mine and awaiting eagerly
HH An T
Add yourself to the CQN map
An Tearmann – Some advance copies of the CQN Annual arrived from the printers this morning. The rest are on a lorry and will arrive tomorrow when the advance orders will go out. It will be worth the wait.
Looking forward to going to iboxd next year to watch the great teams from all over Europe come and play.
Been meaning to take in a Glasgow rugby game for a couple of years now.
Stienreignedsupreme. I think you will find fella that the Rangers have never gone out of business. H.H.
Kilbowie Kelt you once wrote a peice on the origins and derivation of kilbowie/dumbarton.
was wondering if you could post it again or e-mail me
Thanks in advance(i know its kinda off tangent)
AnTearmann1967@gmail.com
I noticed gerald766 getting told that he did not understand blogs and should feel more comfortable in The Celtic View.
I am worried that I might have to join him there, even though I have not read such publication in a long time. Would the corollary punishment for those that disagree with gerald766 be that they should feel more comfortable reading the Daily Record?
I read his post and he does not seem to be attempting to limit or censor anyone’s opinion. He merely stated that some untried and untested experts seemed remarkably cocksure about their own rightness and certainty.
Like gerald766, I have no problem with people expressing critical opinion, even though they seem remarkably thin skinned when people disagree back with them. I reserve my withering criticism, not for those that say, ” I would like to see us try this or that instead of that and this”, but for those that say, “I cannot understand why the manager does not think the same way as me. Everybody agrees with me that he is wrong and I am right. It is a disgrace that we keep on doing these wrong things when it is patently obvious I am right.”
And yes, I am paraphrasing and using hyperbole.
It is quite a common currency on here.
Afternoon bhoys and ghirls, just a wee message to those of you who are religious, if you could say a wee prayer for my gran who sadly passed away peacefully on sunday after a long battle with dementia.
winning captains
15:36 on 12 November, 2013
Everyone ready for CQN’s birthday party?
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.
Never did find out what happened to the Seville money.
~~~~~~~~~~~~~~~~~~~~
Whit,Gold Cup Day?
Marvellous planning,that.
hendrix67
RIP your wee Gran.
Jungle Jim
Donation made agreed it was dead easy
See any money left will be used to defend fans lifted
added to map…..when do the burglars get here? braw
hendrix – wee prayer said for your Gran. HH
BSR- Map says you’re a `happyclapper’, is this true?
TSOAL – Is that your correct postcode? Mibbe not wise!!!
artofwar
bournesoup
Thanks guys
Charlie don’t surf the Orcs will never learn
Charlie don’t surf but he will always earn
Charlie don’t surf think that he should
Charlie don’t surf and we know that it ain’t no good
Everybody wants to rule the world
Must be something they get from birth
One truth is they never learn
Charlie’s big hands will make the share money burn
It’s a one way street in a one horse town
One way people drag Orc knuckles around
You can laugh and put them down
These one way people gonna bring the big house down
Copyright@ STRUMMER JOE / JONES MICK / THE MIGHTY CLASH…..well some of it was!!
Art of War
Just moved
Love
hendrix67
God bless your Granny.
Prayers said for the repose of her soul.
Neustadt-Braw
16:03 on 12 November, 2013
Are you Neustadt on route 6 near Nienburg?
HENDRIX67
Horrible illness. God rest her.
bournesouprecipe
15:48 on
12 November, 2013
Add yourself to the CQN map
=================================
Added – where’s Kojo :-)
Pin dropped on map! Very accurate!
Neudstat, I know where you live now!!
HH
Bournesoup….Did you refer to the ‘clear waters of the Clyde’ at Carmyle recently.
What were you smoking when you had a look man?
‘
Hendrix67
Will do my mother passed away with that 11 year ago, not a day goes by when I don’t think of her RIP
Setting free the bears @ 15:56,
“…….I read his post and he does not seem to be attempting to limit or censor anyone’s opinion. He merely stated that some untried and untested experts seemed remarkably cocksure about their own rightness and certainty.”
Really, this is the Gerald766 who said I should have something inserted in me…
This is the Gearld766 who tell fholk who should and who shouldn’t be posting on CQN…
This is the Gearld766 that tells fholk what they should be posting upto and including Paul67…
That Gearld766 – Interesting.
Hail Hail
Sorry, For spelling Neustadt incorrectly, my dylsexia hasn’t been completely crued,
Just readon BBC news that the guy who sold thousands of fake bomb detections devices and made tens of millions of pounds has just lost his appeal to the 10 year prison sentence.
I can never get my head round how he managed to sell one device never mind thousands.
Surely it would have been simple to test the device or is there something about this case I am missing?
ryecatcher
too funny
Celt55 ……..aye laddie that,s where the action is …..braw
AOW
somebody has edited that :-)
SETTING FREE THE BEARS
Quite happy to have PAUL67 post an article,and the next twenty pages saying,
“Absolutely,Paul. Yer darn right”
Then for someone to take the bull by the horns,change the subject to a sepia-tinged memory of Jimmy McGrory scoring loads of goals,we can find another one no problem,the board are magnificent,and everyone battering the bandwidth with fulsome agreement.
Marvellous.
Waken me up when your on yer next 125.
Big Georges
Airdrie – where else?
TBB @13.44,
Thon pig in a poke sounds very like ole Schroedinger’s cat to me.
Please accept my apologies if you got a bit of this blog earlier as m/c crashed when typing. Started again
FAO Oglach
Last week I met a friend I hadn’t seen in a while and he told me he wouldn’t be voting for independence.
His reason? Someone he knows works in the financial services sector in Edinburgh, and they said an independent Scotland would be skint.
I should really have asked for the name of the financial ‘guru’, because anyone taking advice from someone so out of touch with reality is likely to lose their money.
All of the British unionist scare-stories are a variation on the core theme of Scotland can’t be an independent country because we are ‘too wee, too poor and too stupid’. Uniquely amongst all the peoples of the world, it is only the Scots who are incapable – intellectually and financially – of successfully governing out own country.
For the unionist case to appear to ‘stack-up’, they have to ‘do-down’ Scotland. Since the 1970s unionist governments in London have told us Scotland is an economic basket case, dependent on hand-outs from the benevolent taxpayers of England. The facts, however, show the exact opposite: the McCrone Report – commissioned by the Tory Government of 1974 and delivered to the subsequent Labour Government – found that an independent Scotland would have financial surpluses so large they would be “embarrassing”, but that didn’t stop UK governments telling us we couldn’t stand on our own two feet, while London-based newspapers branded us ‘subsidy junkies’. Needless to say the McCrone Report was buried in the Whitehall files, only seeing the light of day in 2005 following a Freedom of Information request.
Coming right up to date, this month Her Majesty’s Revenue & Customs (HMRC) for the first time produced a report showing tax receipts for each of the four UK nations – Scotland, England, Northern Ireland and Wales. The report also calculated oil receipts on a geographic basis, which revealed that, since devolution alone (1999), Scotland has contributed £42.5billion more to the London UK Treasury over and above our population share. In fact, Scotland has generated more tax per head than the UK for every one of the last 30 years.
British unionists have also been telling us since the 1970s that North Sea oil is running out. Forty years later and economist Gordon MacIntyre-Kemp recently reported the views of a director of the London-based industry body, Oil & Gas UK, who indicated his belief that there is at least 40 years of oil left – with other industry experts agreeing the value of identified reserves still to be extracted from the North Sea stands at around £1.5trillion. That’s before we even look at potential oil fields around the north of Scotland and down the west coast.
Ah but, the unionists say, you can’t base your economy on oil alone. No, and an independent Scotland wouldn’t. In addition there is our food and drink industry, where annual turnover was recently recorded as £12.4billion. Scotland’s creative industries had a turnover of £4.8billion; Life Sciences – £2.9billion; our manufacturing sector exported £14.7billion-worth of goods in 2011; and the Scottish tourism industry currently employs around 200,000 people: and that’s just a few of the contributors to the Scottish economy.
Overall, international comparison of statistics shows an independent Scotland would be the eighth-wealthiest country in the Organisation for Economic Co-operation and Development (OECD) – compared with the UK in 17th place. We have the potential to be the eighth most-prosperous country in the developed world, instead of our current status as a devolved region within the British Union where the number of our fellow Scots living in poverty and dependent on food-banks is soaring.
If we needed any further evidence of just how successful an independent Scotland of 5-million people could be, we need only look across the North Sea to Norway, which has a similar population and discovered oil in its waters at the same time as Scotland.
Of course, the difference between the two countries is that Norway has been independent since 1905 and therefore had full control of its resources when oil was discovered in its waters 40 years ago. Scotland, as region within the British Union, handed-over its resources to successive UK Governments.
Today, Norway is one of the wealthiest countries in the world, regularly topping international indexes recording human, prosperity and democratic development, and social mobility. Norway also maintains a welfare model that provides universal health care, subsidised higher education and a comprehensive social security system.
In addition, with control of its natural resources, Norway has built a sovereign wealth fund that currently stands at around $800. The fund is used to guarantee the prosperity of future generations of Norwegians.
In contrast, Scotland today has record numbers of people living in poverty – latest figures show 1-in-5 Scottish children are growing up in poverty (in some areas the figure is more than 1-in-3).
Scotland, even with a devolved parliament in Edinburgh, continues to hand every penny of our oil wealth to UK Governments in London. Over the same period that Norway prospered and invested in the future of its people, UK Governments used Scotland’s wealth to pay for soaring unemployment and an economic system that promoted low-paid jobs and low taxes for the super-rich.
The question Scots should ask themselves before we vote in next year’s referendum is not ‘can we afford to be an independent country’ but rather ‘can we afford not to retake our independence’.
We can do so much better than condemn every fifth Scots child to a life in poverty within the British Union. Like Norway, an independent Scotland can be a successful, prosperous and socially-just nation.
Thanks philbhoy
Neustadt-Braw
16:15 on 12 November, 2013
You’ve brought back many happy memories to an auld man from 35+ years ago. Remember the town well. Mostly drove through on route 6, but used to get my car serviced in a garage in Neustadt.