Devil in the * detail over Whyte shares


Breaking news!  Craig Whyte agrees to sell his shares for £1*!!!

So the story goes.  The * is important.   *He’s agreed to sell his shares for £1 if a CVA is agreed.  Coincidentally, this decision comes a day after Ticketus inform journalists (and perhaps Mr Whyte’s briefs) that they will sue the Rangers owner for £27m.

Of course, if a CVA is agreed, Ticketus still own the tickets for the next three seasons they bought from Rangers in the early months of Whyte’s tenure.  They therefore cannot pursue Craig Whyte.  Get a CVA – get Ticketus’ lawyers off your case.

Channel 4’s very well informed, Alex ‘Tomo’ Thompson, who appears to have spoken to Mr Whyte tonight, reminds us all of the crux of the matter:

“And then that leaves the floating charge Mr Whyte has over Rangers – effectively another large separate financial stake in the club and I can reveal this is still to be negotiated away somehow. This is where the tough-talk has still very much to be done.”

Despite the headlines, it appears that Craig Whyte remains….. The Only Show in Town.  He’ll assist a CVA but the “tough-talk” over the stadium, his real asset, has still to take place.

Let’s not mention the chances of getting a CVA past HMRC.

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  1. Paul67 – well done on radio Scotland tonight. You were a credit to yourself, family and football club.



    Having said that nothing has made me change my mind that the Hun will be in the SPL next season. In terms of sanctions I suspect this will be a ban from Europe (probably 1 season) and not much else.



    I hate the thought of that but I think we will have to live with it.

  2. the long wait is over on

    Every revelation is another red herring.



    Paul – solid stuff tonight. Measured and reasonable.




  3. If not already mentioned, the Thai Tims are on BBC Alba tonight. The programme starts at 9pm.

  4. ClubTV at 9pm on Alba


    Imterviews match action and a behind the scenes look at Celtic and orcs…


    Thai Tims are also said to be featured….



    virgin 188

  5. Just read this in-yesterday’s Herald. Does anyone know who the senior councillor will be?



    Apologies if it has already been posted.




    THE leader of Scotland’s largest local authority has told the Orange Order his city’s policy on parades was “wrong” and that it will be overhauled now Labour is back in power, The Herald can reveal.



    Gordon Matheson, leader of Glasgow City Council, was greeted with applause when he told a hustings of around 100 members of the Orange Order that he would “hold his hands up” and admit a groundbreaking approach to reducing marches in the city was flawed.


    But last night the head of the organisation representing Scotland’s rank-and-file police officers said it would be “perverse” to encourage further parades, while the Orange Order said it now expects Mr Matheson to deliver on his promise.


    The pledge comes after Strathclyde chief constable Stephen House championed Glasgow’s parades policy as the one best reflecting the police approach to marches, while encouraging other west of Scotland councils to follow the city’s lead.


    Mr Matheson, whose Labour administration was returned last Friday with an unexpectedly large majority, said the council should have done more to consult the Orange Order and he promised a senior councillor would oversee a review.


    He also told the meeting – held before last week’s election – that a vote for Labour would help safeguard the union and prevent the SNP using Glasgow as a stepping stone to independence.


    The council has repeatedly hailed its approach to parades as a success, with almost all disputes with march organisers resolved before the event.


    Introduced 18 months ago, the policy was aimed at reducing marches through the city centre and restricting start and finish times amid concerns over the impact on public resources, businesses and communities.


    Climate protesters and trade unions have had demonstrations curtailed or re-routed, along with loyalist and Irish republican parades.


    According to council figures, the number of parades by Protestant loyal orders in Glasgow outstrips the total number of marches in Londonderry and Belfast combined.


    Calum Steele, general secretary of the Scottish Police Federation, said: “Resources are finite and that’s why reform of the police and fire service is under way.


    “It would seem perverse if some kind of action is taken to encourage an increase in parade activities. This deprives communities of police officers.”


    Robert McLean, executive officer of the Grand Orange Lodge of Scotland, said: “Mr Matheson admitted the policy was wrong and we’re now hoping he will review the parades policy.


    “We do not tell our members who to vote for but as a unionist organisation they should be supporting a unionist candidate.”


    SNP MSP Humza Yousaf said: “Gordon Matheson should urgently clarify whether he intends to allow more marches, with the implications that would have for policing resources.”


    David Meikle, Glasgow’s sole Tory councillor, said: “Gordon Matheson pushed through the new parades code of conduct but it is now alleged he said he got it wrong.


    “We need to find out from Mr Matheson what he got wrong and if he thinks the code of conduct should be changed. Clarity is needed so we know what the position is.”


    A council spokesman said: “Mr Matheson committed to no more than is stated in the policy – that there will be an annual review, which is under way.”


    A Strathclyde Police spokesman said the force’s main concern was use of officers to police parades, adding the recent move by the Orange Order to provide stewards for their own marches was a positive step.

  6. i was told today mathieson might have been in my year at school. searching facts now

  7. lennon's passion on



    Read Alex tommo latest blog,can`t see a CVA happening.How does CW make any money out of liquidation. Cheers in advance.

  8. tnt


    My mates were Rangers fans and we used to travel to the derby games together


    ( as did thousands of others). We would travel back together after the games as well . The ensuing discussions musy have been brilliant for impartial travellers on the Corporation buses. The different way in which we had seen the same game has taught me much concerning unintentional bias!


    Don`t believe, however, that that aspect of Celtic V rangers games meant that all was different in those days. Violence, particularly in the throwing of bottles at games ( and they were no worse than us in that area) was still rife.




  9. tommytwiststommyturns on

    kevin hughes from last thread – good idea, it would be a nice touch.


    As mentioned in PL’s statement, Sunday should be everything that’s good about being Celtic.


    Really looking forward to it.






  10. thanks to, whoever it was, for providing the link to Paul67 on the radio.



    thanks to Paul aswell, very well spoken, calm and made well researched points.



    A good voice from the Celtic perspective


    Good man yourself

  11. prestonpans bhoys on

    THE EXILED TIM on 10 May, 2012 at 20:49 said:


    Can someone remind me.



    What was the basis of the wee tax case ???



    The Small Tax Case was bought against the Company by HMRC in respect of outstanding amounts owed from the use of a discounted options tax scheme for payments made to Tore Andre Flo and Ronald De Boer between the tax years 2000/01 and 2002/03.

  12. Paul67:



    “…Let’s not mention the chances of getting a CVA past HMRC”.



    Sorry Paul, I have to mention the chances of getting a CVA past HMRC:



    There is more chance of them getting a CVA than Lennybhoy saving Scotland’s shame.



    I definitely smell liquid.



    Keep the Faith!



    Hail Hail!

  13. Neil canamalar Lennon hunskelper extrordinaire on



    I’ve been waiting for our own man on the scene to come on and tell us whats going on, since this brokehe’s not appeared.


    Sir John Doyle you have an obligation to tell us whats happening, tell us.

  14. Paddy Gallagher on

    Was the wee tax case not based on the lack of payments from CW in his short time at the helm?

  15. Paul67:



    A repost of something I posted last thread, seems more relevant to this thread:



    I laugh so heartedly when it is continually rolled out by D&P that CW will pass his shares on to prospective bidders.



    How much did CW pay for his shares, a £1 I think it was. How much are they worth today, less than £1.



    CW could give his shares to any orc for posterity, for that is all they are worth.



    Why else would you want shares in a dead Company!



    Usually the idea is for somebody to buy shares to make a killing (metaphorically speaking before Ally accuses me of incitement). A good strategy, generally. However, acquiring CW’s shares will not make any Investor a wad of cash.



    Yes, they could have 85% of shares but they would not have the important factors: no stadium to play in and no seats to sell in that stadium.



    Why therefore is so much spin being placed on having CW’s shares.



    Posterity is all the shares are good for, that and using them to get royal ascent from Neil Doncaster for newco.



    Keep the Faith!



    Hail Hail!

  16. kevin hughes on

    on sunday we will be celebrating winning the title. we will be presented with the spl trophy for winning a league that we deserved to win by winning games with a perfectly legal football team.



    there is no tainted title for 2011-2012 season.



    we will also on sunday play host to a group of young children who have lit up our lives by their enthusiasm for celtic fc,and who are to provide us with some half time entertainment.



    many of us [not me unfortunately] will have the pleasure of seeing them “in concert” tonight, the rest of us need to wait.



    for all their efforts and as a thank you to them , their helpers, teachers, hosts, fundraisers, the gormleys in fact anyone associated in any way with the thai tims/goodchild foundation we should sort out some sort of tribute from the fans.



    a simple suggestion.



    while they are singing why dont we all do a huddle with a difference. we face the pitch and stand in silence no jumping about no celebrating, just pure unity and listen to them, even if its only for one song and then join in with them for any others.



    god bless every one of them

  17. For all the golf fans on here.Martin Laird 4 under after 9. I hope I haven`t jinxed him now.


    `night all,




  18. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Crushed Nuts



    Eh ?



    Poor Steve Kean



    I couldnae help but laugh. God forgive me laughing at the inflicted. Its no like me




  19. prestonpans bhoys on

    THE EXILED TIM on 10 May, 2012 at 21:08 said:


    prestonpans bhoys





    Next question :>) did that involve more than one contract ?



    That one is open to current investigation by the SFA but is within the time range of suspected “cheating”

  20. Vinibhoy - Named Neil Lennon on his birth certificate on



    Well done on the radio, you did really well.



    I still cant believe all these experts talking about Celtic winning the next 10 titles. They have short memories as there was a lot of games this year that could have gone either way, we were fighting it out with Motherwell for 2nd at one point and suffered defeats in both cups.



    Other SPL clubs should be rubbing their hands together at the prospect of a league without the huns. At the least because it gives them a better chance of European football.

  21. Snake Plissken on

    See if the SNP did a deal with the Orange order…………………………………

  22. Vinibhoy - Named Neil Lennon on his birth certificate on

    ps. I couldn’t believe Chic’s comment about McBride being killed!? A slip of the tongue but a mistake that any half decent reporter would avoid!

  23. Paul67



    On the money again



    *Nothing like letting the truth get in the way of a good story*



    Your comment the other day about illogical thoughts of non season ticket renewal still resonate, and in the coming weeks we’ll have the same thought process on this Blog where Celtic fans will posture, about on “What are Celtic going to do about it?”



    Illogical thought should be turned to logic, which should be to invest in Celtic with or without a gerrymandered Newco, as no amount of chicanery that’ll we’ll undoubtedly see, should prevent future Celtic fans receiving the gift of Celtic, just like we did.



    Celtic are a miraculous club, and because we now, and will receive further prima facie evidence of injustice, it shouldn’t alter the way we support Celtic.

  24. lochgoilhead bhoy on

    For those who missed it Paul 67 can be heard here Paul 67 Podcast



    Great performance and even the pathetic attempts by the BBC pundits (including Jim Spence and Al Lamont who I genuinely like) to interrupt you were brilliantly handled. You stopped and listened. If only they were capable of that.



    Even Jabba’s Darth Vader mimicry didn’t stop the Force being with you.

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