Corporative governance, dubious integrity, who else could it be?

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Charles Green’s media team did well a week ago today.  The Sun had an extremely damaging story on Green but demoted it to page six while dedicating its front page to the man himself, but the consequences of the story remain.

The Daily Record, who today confirms they are being fed stories by Ally McCoist, also reveal that The Rangers International board’s chairman, Malcolm Murray, is one vote short of being able to sack chief exec Green.  Adding, without a hint of irony, “once again, it falls on this newspaper to inform the fans of what is really going on”.

Sacking Green should be fairly straightforward but while this will remove one pantomime act from the stage, the corporate governance issues remain.  While he is in charge at least Green is available to assist the club prepare against charges by Craig Whyte that it inappropriately acquired* assets belonging to his company [“You are Sevco”: (Green)], Sevco 5088 Ltd.

If the chairman fails to sack the chief exec and fellow directors, Brian Stockbridge and Imran Ahmed, at next week’s board meeting, several non-executive directors might find it difficult to continue to pick up wages for providing oversight on behalf of stakeholders to ensure the club’s business was conducted appropriately.

Fortunately for Green he retains the support of his fellow collaborators, although his enablers in the media and support are diminishing by the day (bless all their sterling work).  Green will go when it suits Green to go, most probably when he has found a suitable proxy to ensure his interests on the board are protected (as Whyte believed he had a year ago).  This is likely to happen when he wants season ticket renewal money in.  He’ll drift away, “true Rangers men” will front things for a while, but pantomime isn’t over.  The serious corporate governance questions overhanging the club right now grow by the day.

I wonder if journo who moved to Ibrox as he couldn’t stomach the dubious integrity of the media industry (Green’s former chief-enabler) has the front to come out batting for Green. Or is he too scared?

Speaking about dubious integrity….. has anyone thought of the excuse the SFA will come up with to overlook the link between Whyte and Green on Newco’s associate membership application? I expect they will appoint Mr Bryson to head up an inquiry which will find, “There was a link but as we didn’t know about the link at the time we cannot take any action”.

* Tried really hard here to think of a less pejorative word or phrase than the one which initially sprung to mind.
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  1. Hi Guys.

     

     

    I’m just back from a week in the Algarve. I’ve been reading back and it seems that I’ve missed the emergence of a new band – Maggie & The Zombies. Seems to be all you guys are talking about.

     

     

    Are they any good, then?

  2. Skyisalandfil

     

    My internet access in the hotel I’m staying is going off shortly.

     

    I’ll check back later to see if you need any help with tickets.

     

    My email address is,

     

    scotpatsfan@gmail.com

     

     

    SPF

  3. gordybhoy64

     

     

    Documents filed at companies House show Charles green authorised the Directorship of C Whyte to Sevco 5088

     

     

    The relevance being Rangers issued the following statement a few days ago

     

     

    ““For the avoidance of doubt, Sevco 5088 Limited bought the assets of the Rangers Football Club and then transferred them to Sevco Scotland Limited so that all the assets would be in the Scottish registered company that is Rangers FC.”

     

     

    Green has also publicly stated that Whyte had no connection with Sevco 5088

  4. sannabhoy

     

     

    Is it Handbags & Gladrags?

     

    True Blue?

     

    Mine for me?

     

    Sailing? (for the Belgrano)

     

    The First Cut is the deepest?

     

    You’re Insane?

     

    Is that the thanks I get?

     

     

    or “Better off dead”

  5. I see a poster on the hun media site said that someone dumped 20,000 shares at 4.30pm today.

     

     

    Wonder what they knew.

  6. If this was a movie – I picture it like this.

     

     

    The Baddie (SEVCO) – I don’t care what it takes, square it.

     

     

    The Baddie’s Lawyer (SFA) – I can’t, can’t do it. the heat last time was too much. We only barely got away with it last time. And the heat on you is too much. You are all over the papers and it ain’t good news. You’re too hot Sally, and not in a good way.

     

     

    The Baddie – Well if you’re no use to me, then you’re no use to me…

     

     

    The Baddie’s lawyer – Hey Sally, come on now, calm down sally ole pal. Watcha doing with that rope there Sally. Don’t you come close now… Don’t you… ARGHHHH!!!!!!

     

     

     

    Windows smash, tear gas rolls, the sound of sirens – We’ve got you surrounded Sally, come out with your hands up.

     

     

    The Baddie – You’ll never take me alive Coppers! Even though I always thought you favoured me… Oh the irony…

     

     

    U

  7. DJBEE @ 19:54

     

    I do. And one meeting was about alien visitations if I recall right. Is that where this is going? Minty and the cabal have all been duped by a green martian and a whyte anunaki?? :))

     

     

    —–

     

     

    jimbo67 @19:56

     

    Well remembered sir – it must have been a good book if you can recall those details. Like I said, I genuinely couldn’t get past page 30.

     

     

    I had to start again to remind me who was who and what was what, every night I went back to read it, or if some rude bollox jumped in and interru

  8. Notthebus/petec,

     

    cheers for the replies, seems like chuckles has been telling a few porkies, what a shame for their 500million fans

  9. MacGiollaBhain

     

    @Pmacgiollabhain

     

    In the latter half of last year and this year I was criticized for persisting in using the word “Sevco”. I choose my words with care. Ok?

  10. On mobile so can’t copy and paste but poster called ecoboy just posted a zinger on TSFM.

     

     

    Green made application to strike off Sevco 5088 in December. If this was without the consent of his fellow directors he could be in big trouble…

  11. Fortune Favours Mibbee

     

     

    I read it for Lent. Ended up quite enjoying it but as you say not easy to get into. The book I defy anybody to finish for pleasure is Don Quixote. Once he’s tilted at windmills and lost a bundle on the 1487 Copa Del Rey -all done by page 40 it’s desperately dull.

     

     

     

    Jimbo

  12. Ernie lynch , aposter on cqn said the same thing , ie ME .

     

     

    Is my word not good enough that you have to go there for your facts ? Je suis desole .

     

     

    Sanna (whydoibother csc)

  13. Professor Green on

    Surely our hero Whyte is admitting to fraud by attempting to buy the assets of a company which he ran up debt to Hmrc etc, for a knockdown price? The rules are that a director of the company can’t purchase the assets of a company which he has put into administration.

     

     

    It seems to me by bringing all this into the open he is incriminating himself to get at Green. A bit like the Chris Huhne affair. In other words he knows he is going down and he is taking the whole lot of them with him. A true hero

  14. Coatbrig-Mick on

    DJBEE

     

     

    Wonder if they’ll bring out a vido of all this…

     

     

    It’s Vee-Day-Oh!!!

  15. Sftb, take your pick . I fancy a “pop-pickers” desert island discs Top 10

     

     

    I’ll start with

     

     

    1. Queen , Death on 2 legs , A night at the Opera ( of you know the lyrics, you’ll know why)

  16. Whits all this talk about the walking dead team, are they dead innaw, jeezo it’d drive a Mhan tae drink this, in a celebratory sense of course.

     

     

    Och it’s good to be a football supporter when the truth yet again comes out, perhaps this time round the corruption that strangles Scottish football will be ripped out at the core, sack Ogilvie it’s the only way to recover.

     

    V

  17. Think the Sevco omnishambles will play out of Airdrie next season ! Ballantynes love for all things deidclub is more important to him than a relegated Airdrie.

     

    Huns would takeover shyberry ! Change name and utilise sfl full membership to start over assisted by longmuir ! I believe talks already taken place in the event of sevcoshambles armaggeddon ! Looking more likely by the minute !

  18. 12/04/13 04:29pm Sell 20000 £13180.00

     

    12/04/13 03:00pm Buy 29 £20.30

     

    12/04/13 01:15pm Buy 5000 £3350.00

     

    12/04/13 12:17pm Sell 1000 £680.00

     

    12/04/13 12:13pm Sell 5000 £3450.00

     

    12/04/13 12:13pm Sell 5000 £3450.00

     

    12/04/13 11:04am Sell 7000 £4882.50

     

     

     

    RIP (Rangers International Plc) Share dealings today

  19. without wanting to say oh look at me.

     

     

    i am in airport lounge at Raleigh , pinging a pal about all things celtic, when a Norn Iron personage comes in , business man, but with a give away tatoo of some fat dobber on a white horse on his arm.

     

     

    he is yappin on the phone to someone in carik fergus about the boys, and a trip.

     

     

    its left me scratchin my head , with this question ………….

     

     

    do zombies have passports ?

  20. 12/04/13 04:29pm Sell 20000

     

    12/04/13 03:00pm Buy 29

     

    12/04/13 01:15pm Buy 5000

     

    12/04/13 12:17pm Sell 1000

     

    12/04/13 12:13pm Sell 5000

     

    12/04/13 12:13pm Sell 5000

     

    12/04/13 11:04am Sell 7000

     

     

    oops

  21. Stoneybridge Council Statement: Although we did apply for the Commonwealth Games and only got the Rugby Sevens we would now like to withdraw our facilities until such a time that Archie finds out who owns the said facilities.

  22. ASonOfDan

     

     

    20:18 on

     

     

    MacGiollaBhain

     

     

    12April, 2013

     

     

    @Pmacgiollabhain Inthe latter half of last year andthis year I was criticized for persisting in using the word“Sevco”. I choose my words with care. Ok?

     

     

    —–

     

     

    This was something I noticed tonight on Snyde. They have in the past dropped callers (ok mainly us) for referring to them as Sevco but tonight this is all they themselves have used.

     

     

    Funny how things change, or maybe the penny has finally dropped. :)

     

     

    HH

     

    /Bishop B

  23. channelislandcelt on

    CRC

     

     

    No worries mate ,looks like there is plenty going on to keep us entertained.:)

     

     

    HH

  24. The Spirit of Arthur Lee on

    CRC

     

     

    No worries mate ,looks like there is plenty going on to keep us entertained.:)

     

     

    HH