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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732 Comments

  1. BFSDJ was all soprano again tonight on Super Sevco Board…brilliant stuff..10/10 for entertainment value.

  2. celticrollercoaster

     

    20:24 on

     

    12 April, 2013

     

    No quiz tonight Bhoys

     

     

    HH

     

     

    CRC

     

     

    More important questions to answer tonight CRC?

  3. Coatbrig-Mick on

    ToffeeTim

     

     

    Good in thoery but the stadium up in Airdrie is owned by North Lanarkshire Council, so I doubt they’d be allowed to play there. And if Craigy has ra deeds I don’t know where Version 3 would play. Maybe CO could rent them Hampden for £1 a week.

  4. Credit where its due, this is the guy who broke the story tonight

     

     

     

     

    Mike Farrell

     

    @mikefstv

     

    STV online journalist for Glasgow and West of Scotland.These are my own views. You can reach me at mike.farrell@stv.tv.

     

     

    “The appointment of Craig Whyte to Sevco 5088 is dated three days before the company signed deal for Rangers’ assets”

  5. channelislandcelt on

    Thats it SOAL !

     

     

    I am gonna start using your patter!!!

     

     

    Not that I am already doing so ,txt a mate on holiday in benidorm your 007 gag from earlier.

     

     

    HH

  6. The Boy Jinky on

    Fortune

     

     

    I lold at that… brilliant … gonna nick that for fb

     

     

    Zimmer man

     

    The bit when he said whyte duped murray and the fans etc was hillary arse

  7. sannabhoy

     

     

    20:19 on 12 April, 2013

     

     

     

    I haven’t been online since this thread started and haven’t read back.

     

     

    Couldn’t resist a quick look at hun media once I realised there had been developments and noticed that post.

     

     

    You’d like to think someone will be looking at that transaction to see if there’s been any insider trading.

  8. Jimbo,

     

     

    Don’t read much these days I’m afraid. But I look forward to someone getting all this collated and in print. A guaranteed bestseller, threats or no threats ! :)) Phil’s done good so far, but to date it’s generally just been a daily diary. Am sure he sees the value of putting the whole story in print properly – if only it’d reach a final ending! I suppose we should just enjoy the inbetween stuff :))

  9. Marrakesh Express on

    McCoist’s credibility has been blown to bits for sure now.

     

    He backed Craigy and then Chuck.

     

    Now thats what I call a mug’s double.

  10. I don’t think my waistline could handle another Jelly and Ice-cream event.

     

     

    Mrs Owen already complaining about my “fuller figure” any more expansion could be the end of a beautiful relationship.

     

     

    I will miss her though.

  11. skyisalandfill on

    SPF . Thanks sir . You are a gentleman.. I’m still trying to get a final yes from my mate. His phones broke and he hasn’t replied on messenger. Appreciate it though. I may be in touch

     

    HH

  12. El , no probs . Took to lurking on AIM (I know. , sad ) so was interested to see the dump 14s before the close of market.

     

     

     

    In some ways , I’m reluctant to interrupt. An enemy ……

     

     

    Sanna

  13. Paddy Power money back special (for shareholders):

     

     

    If Craigy owns the deeds and your nominated director goes to jail (excludes extra time and community service). :-)

  14. Marrakesh Express on

    Nightmare is a well overused word these days.

     

    Nightmare traffic nightmare ref, nightmare sore head.

     

    The huns are currently experiencing the real meaning of the word.

  15. Marrakesh Express

     

     

    A bit naive there Ally backed only the good bits of Green and Whyte he rejected the bad bits.

     

     

    Hope Ally isnt fall guy in all this :>)

  16. charles kickham on

    stpatricksbhoy

     

     

    19:54 on 12 April, 2013

     

     

    hear what you’re saying and agree – but to hear the catalogue of big name players let off with similar offences in the past seventeen years – it’s been seventeen years since a similar penalty in any pga tournament – simply means the rules are mot been administered evenely

     

     

     

    now where have I heard that before

     

     

    hail hail

  17. Fortunes Favour Mibbes

     

     

    20:24 on 12 April, 2013

     

     

    What we need is Scooby Doo and the Mystery Gang to unmask Chuckles, to reveal Craigie, and then the extra surprise, unmask him again to reveal Minty.

     

    _______________________________________________________________

     

     

    Superb!!!!

     

     

    http://www.youtube.com/watch?v=RCMCbWpoDp0

  18. Owen , corkcelt was bemoaning the absence of like minded posters . I’d be more than happy to arrange an introduction , esp knowing some of your history and the tarrific efforts you have have gone to .

     

     

    Sanna ( rebelred csc)

  19. Fortune Favours Mibbes

     

     

    I don’t read as much ‘serious’ fiction as much as I used to myself . What is happening with whatever they are called now is truly beyond the imagination of even Lewis Carroll. Phil’s ‘Downfall’ seemed like the definitive story but as it’s turned out it’s the prologue. I dunno how thus is going to end. But people involved in this are going to end up in the clink I think.

     

     

    And how Ogilvie, Regan and Longmuir haven’t fallen on their swords I do not know.

     

     

    Jimbo

  20. Sannabhoy

     

     

    I have seen Corkcelt posting, believe he is based in Clonmel/Cahir or some such place in Co Tipperary. Thats a bit of a jaunt for pint even for me :-)

     

     

    How are you sir?

     

     

    Saw that other bastion of the Cork Temperance movement Bankiebhoy1 posting earlier!!!

  21. prestonpans bhoys on

    celticrollercoaster

     

    20:24 on

     

    12 April, 2013

     

    No quiz tonight Bhoys

     

     

    HH

     

     

    CRC

     

     

    I’ll do a wee quiz for you at 9 pm tonight basic 10 questions :)

  22. Surely the huns won’t be dumb enough to buy into a Saint Sevco FC with their three heroes, Minty, Moisty and the Myth at the helm??…..oh wait…

     

     

    The St Mirren theory certainly has legs, but don’t they have to wait until both existing clubs get the ST money in first, then they liquidate Saint Mirren and rename it Saint Sevco after Lex Gold buys the assets, and give us all the biggest belly laugh ever by starting again in the Junior Leagues?

     

     

    Thinking aloud, mibbes we should be thanking the SFA for the biggest, most entertaining scandal in world football history.

  23. Scotpatsfan. May have been posted already but it is a def that you can buy on the gate on Sunday. Was on SFA website and came up on twitter. Should be no problem. HH