Devil in the * detail over Whyte shares

469

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.

You can buy a hard copy of the new issue of CQN Magazine via Magcloud here.

The graphic below is just for a flick through, to read the magazine go here to it’s dedicated site.

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  1. Mountain_Bhoy is Neil Lennon on

    cmon guys, quit the Paul McBride stuff, totally harmless mistake by Chic, its common to use the word killed in things like accidents. Your taking paranoia to a whole new level! show some respect

  2. Neil canamalar Lennon hunskelper extrordinaire on

    Speaking about murder

     

    Anyone else had death threats recently ?

  3. lochgoilhead bhoy

     

    No apologie necessary, you were not to know.

     

     

    I just ask myself why the need to take the word out, adds to the conspiracy does it not ?

  4. The Clyde 1912 and H&W:

     

     

    Noticed a few questions on the policy on the previous blog – thought I would share a little insight to their sectarian roots from the shipyards and its affects on my family.

     

     

    This was the story as told by my Grandfather. He worked for H&W pre-Titanic and (as has been well documented) he among many Catholics was beaten and fled his job as an apprentice riveter.

     

     

    He headed back to Dublin (where he had married a local girl – my Grandmother) but his type of work was scarce and the family moved to Birkenhead after my mother was born in 1920. Among a large Irish Community – he worked himself up to the position of foreman riveter. For family reasons (my mother’s older sister was killed by a truck near the docks) – they chose to move to Glasgow where many of the greater family had immigrated to.

     

     

    When he arrived on the Clyde there were no jobs for Catholics on the southside of the river. By this time the H&W infiltration had made it a closed-shop. In those days men employed in the yards worked till lunch-time Saturdays and the ex-H&W men took to massing on the old Copeland Road terracings to watch what was the local team. The most bitter congregation worked for Steven’s of Linthouse a policy they maintained even after the formation of UCS (apprentice boys got the apprenticeships).

     

     

    As was common among many Irishmen – he had to work his way back up through the yards (on the north of the river) from a menial job to his trade as a foreman riveter with John Brown at Clydebank. His great joy was following Glasgow Celtic and Jimmy McGrory and he was immensely proud that as an Irish immigrant, he achieved the status of wearing a collar and tie at the launch of the Queen Mary (which he had helped build). He loved relating the story to my aunts and uncles (and anyone who would listen) and he loved the fact that my father had endorsed his work (he sailed back from America on the QM after WWII).

     

     

    His men (all Irish) were a specialist squad and comprised; 2 men on the inside of the hull (who positioned the plate that spread the red-hot rivet) – 2 men (with tongs) caught the rivet and lined it up with the hole and the apprentice that kept the brazier going. He was the foreman that swung the sledgehammer and drove the rivets home daily with precision.

     

     

    He was ostracised, beaten and treated as a 2nd class citizen because of his religion and place of birth from the day he began work at H&W till the day he died in his late 50’s – profoundly deaf (because of the noise) and with a body scarred by numerous burns from his years of toil in the yards.

     

     

    Many of us have various reasons to look back on their demise – this is only one of mine!

  5. lochgoilhead bhoy on

    THE EXILED TIM on 10 May, 2012 at 22:40 said:

     

     

    Cheers.

     

     

    I wonder why the BBC bother spending effort/money editing the original programme for the podcast. Why not just put it up warts and all?

  6. ArranmoreBhoyLXV11, thanks.

     

     

    Doc, indeed.

     

     

    maisy dribble, pleased to hear that, thanks.

     

     

    Exiled Tim, the prize?

     

     

    Mark McGhee, good stuff.

     

     

    Knoxy, as you know, you can’t force a team onto them, you have to keep them open to the idea and hope!

     

     

    jude2005, I don’t have that.

     

     

    mighty tim, thanks.

     

     

    praecepta, that is quite a life story. Thanks for sharing.

  7. Paul67 ,

     

     

    Well done , got the feelin’ though that those two half-wits that kept

     

    interrupting weren’t even listenin’ to you at times.

     

     

    Roll on Sunday.

     

     

    Hail Hail

  8. Neil canamalar Lennon hunskelper extrordinaire on

    Praecepta,

     

    Similar stuff here, thank copulation they stood their ground and made sure we were given an education.

     

    We might still be living under the yoke of middle class tims

  9. praecepta on 10 May, 2012 at 22:42 said:

     

     

    The Clyde 1912 and H&W:

     

    ………………………………….

     

    Your story mirrors my grandfather’s experiences as a holder-on in a riveting squad. At a time when there was no work in this country he went to Belfast with his squad where work was plentifull he only lasted days until it was found out that he was an RC and he returned to his digs to find his suitcase on the street.

  10. Paul67

     

     

    Your reply to me earlier about your stint tonight

     

     

    Exiled Tim, focus, eye on the prize. Make reasonable claims and you make progress.

     

     

    Just wondering what the prize is ?

     

    We all want sort of the same thing, death of the hun, but as that is no gonna happen, what’s the next best thing ?

  11. garygillespieshamstring on

    P raecepta : my old man told a story of a guy he knew who told him he had worked on the titanic. The guy was a good bit older than my da and he told the story that he was thrown off a scaffold on the titanic due to his religion and was seriously injured but survived. He then left Belfast and settled in the gorbals. This was during the 60s and the man was of an age where he could have been working in the yards at the right time.

  12. Neil canamalar Lennon hunskelper extrordinaire on

    TET,

     

    This rebel needs to ask his mammy :0)

  13. Paul67, Canamalar – cheers there are many more stories.

     

     

    P67 caught your interview – keep telling them. Hope Spencey gives you more air-time (without the 2 muppets) – reasoned debate gets the points across.

     

     

    H!H!

  14. James Forrest is Neil Lennon! We are ALL Neil Lennon! on

    Am I the first person to chip in the following idea … ?

     

     

    Sooner or later, sooner I think, someone in Authority is going to suggest we extend the close season until we have clarity on the Rangers situation.

     

     

    Extend till when? Christmas, maybe.

  15. praecepta on 10 May, 2012 at 22:42 said:

     

     

    Thanks for sharing that, similar stories from my family.

     

    Miners, navvies.

     

    My Grandfather, whose name I share, was one of the first two Catholic policemen in Central Scotland, 1930’s.

  16. Praecepta.

     

    I know of coded welders who went to work in Belfast when there was a shortage. The weeding out process by the locals was to offer raffle-tickets in aid of OO or UVF/UDA fundraising. If the tickets were declined the sellers thought they knew the religion of incoming worker and when the worker went home there was a bullet on his bed.

     

    This was only ten-twelve years ago 15 at the most.

  17. jude2005 is Neil Lennon \o/ on

    Strange Declans not abt while Kojo’s in hospital!! Just saying like!!

  18. jude2005 is Neil Lennon \o/ on

    Chics a cheeky chappy. Traynor ??????? Im sure it was just a slip of the tongue. When you phone traynors phone in the guy types up what you want to talk abt. Change the subject and you are cut OFF.

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