Doncaster has failed Scottish football fans

503

Alasdair Lamont’s article for BBC this evening after meeting SPL chief executive, Neil Doncaster, is bound to provoke debate.  The article is titled, “Newco Rangers could avoid sanctions from SPL”, although that claim is not supported by any direct quote from Doncaster.  It could be that Doncaster made a supporting comment which wasn’t covered in the article, or that Alasdair is extrapolating from Doncaster’s comment that he is “not entirely sure why a distinction is made between the two routes [CVA or a Newco] out of administration”.

Before we open on what Doncaster actually said, it’s worth pointing out that he has never previously indicated that a Newco was likely to gain access to the SPL without penalty, despite being asked this question directly on a number of occasions.  Indeed, he has proposed a number of penalties for such an eventuality, although any decision will now rest with a general meeting of the clubs, which he will not have a vote at.

To what Doncaster said:

“Newco is typically the way businesses in general escape from administration.”

Oh no it’s not.  Businesses, in general, conclude their period of administration either by emerging with a CVA or by going out of business.  The swathes of business failures across the UK in recent years has seen only a tiny percentage phoenix as a Newco.  This statement is erroneous and misleading.

Doncaster added:

“I am not entirely sure why a distinction is made between the two routes out of administration.”

Let me explain, Mr Doncaster.  In Scottish football history, no club has ever come out of administration as a Newco.  Ever.  Third Lanark, Airdrieonians and Gretna all failed to achieve a CVA and went out of business.  Morton, Clydebank (now Airdrie United), Motherwell, Dundee (twice) and Livingston (twice), all achieved a CVA and remained in football.

Mr Doncaster must think that we are all daft, have no access to Scottish football records and have a complete ignorance of how “businesses in general” operate.  He wishes to provide a Newco-Rangers with direct access to the top league in Scottish football, the first time anything like this has ever happened.  Perhaps being frank with us on this matter would be advisable.

Even if I was of a mind to agree with Doncaster that rules should be changed to allow Newco direct access to the SPL, his feeble attempts to convince fans of the merits of this idea would leave me ruing the inadequacy of his plan’s execution.

All of this will be a welcome distraction from the main issue for Doncaster.  The SPL allowed last season to conclude without letting clubs or fans know if Rangers competed with ineligible players.  They have been in possession of the information required for over six weeks now but have no intention of letting fans know the outcome until after Newco is voted into the league.

It’s too late now.  Doncaster has had his chance to report and his inquiry has failed to do so.  It has now been taken out of his hands. He has failed you and all Scottish football fans.

It’s time for football executives to relinquish power and for the old media, the fans, the new media and the authorities to take control.

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503 Comments

  1. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    DANNYSBEARD

     

     

    JP I haven’t seen for a bit-used to be married to Tina?

     

     

    Used to drink with him often,but not so much over the last year or so.

     

     

    If it’s the same fella-pretty sure it is-he is one helluva plasterer!

     

     

    I’ll let him know you post on here next time I see him and tell him to get in touch.

  2. BMCUW

     

     

    same guy yes tell him Harry from Norwich was asking for him

     

     

    HH

  3. dannysbeard.

     

    just sent a text to Stephen black who is travelling down to Norwich..

  4. Ambiguity leaves the door open to the opportunist and the opportunist has a dirty habit of having sticky fingers.

     

     

    If we have a comprehensive clear and concise set of rules, categorical in tabulations and structured penalties for breaches of the rules, i.e. (in simplistic terms) if you commit Bad Deed 1 then your punishment will be Ten lashes, if you commit Bad Deed 1 again within a given time frame then you will receive 40 lashes as your punishment, do it again and we’ll pull out you toe-nails. (Let them set it out in table format so everybody can understand) Also present rules that are unequivocal in objective and written in English so we can all understand what is being said.

     

     

    After all, all we are trying to achieve is a fair and good game of football between teams within a league format. Honestly, how hard can it be? I think they find it difficult because they have to write in Tim-traps in tandem with plausible deniability of bias, which in turn extends licence to the media allowing them to spin deceits which in turn gets Tims either charged with acute paranoia or just angry with his fellow Tims.

     

     

    Now writing a set of rules that can achive all that is a task and a half for those who have recently written the latest set of garbles the SFA offered up.

  5. TheBarcaMole on

    dannysbeard on 22 May, 2012………..

     

     

    Did you see my post from earlier???? About 7 hours or so ago……

     

     

    Regards & Hail Hail

     

    TBM

  6. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    DANNYSBEARD

     

     

    Will do-I’ll see if they are about at the weekend.

     

     

    TOM McLAUGHLIN

     

     

    Thanks for posting that,some of the comments are PRICELESS! BTW,I have a book kicking around on Dunblane which backs up much of what you say. I’ll have a look for it. Also,IIRC,PRIVATE EYE had a series of similar allegations.

     

     

    KITALBA

     

     

    A comrehensive clear and concise set of rules has not been beyond other organisations. That we ended up with the ones we have is perhaps not down to simple oversight or stupidity.

     

    Which leads us back to the bit about paranoid tims,haha!

  7. Ghuys

     

     

    Doncaster needs to stop now in his self preservation statements, seems to me he is preparing the ground for the position ” nothing stopping the SPL admiting NewClub, however our hands are tied as the SFA will not provide a license ”

     

     

    How many UEFA type rules would need to be broken to allow the Shame a license?

     

     

    Strolltoworkcfc

  8. TheBarcaMole on

    Page 5 TheBarcaMole on 21 May, 2012 at 23:53 said: Cheers….

     

    Was a wee ask to say hi to some old friends in ‘Norridge’……..

     

     

    Regards & Hail Hail

     

    TBM

  9. sixtaeseven: No NewClub in SPL and it's Non-Negotiable! on

    Morning all from gay Paree, still overcast with frequent showers (17C max).

     

     

    A couple of articles yesterday have left me perplexed.

     

     

    First, the disappointing BBC Scotland piece by Alasdair Lamont, which hasn’t a shred of journalistic integrity. It allows Doncaster to open his mouth and let his belly rumble.

     

    Where are your probing questions, Alasdair? Why the big positive-spin headline, Alasdair?

     

     

    Second, Alex Thompson’s article about a guy with serious money who showed interest in the Huns but was ignored by Duff & Duffer. At first I thought it was a joke piece, but it seems that D&D are following their own agenda.

     

     

    I just wish this whole circus would end.

     

    Hopefully, tomorrow evening’s documentary will help to finally push them into the abyss.

     

     

    On a more cheerful note, I see Channel67 are showing the Norwich game live tonight (overseas subscribers) – a nice wee bonus.

     

    Not sure who will be playing though: I think a few of our bhoys are away on international duty (Broonie and Charlie in Miami, others involved in Euros…)?

  10. TheBarcaMole on

    dannysbeard on 22 May, 2012 at 08:08 said:

     

     

    See above, messed that up I think…..

  11. Barca mole

     

     

    every one of them is a friend of mine

     

    give me your first name and I will certainly pass on your regards

     

     

    HH

  12. If I me put my Teacher’s hat on again.

     

     

    There seems to be general confusion afoot.

     

     

    Noun = Licence

     

    Verb = To license

     

     

    Therefore it is correct to write . . .

     

     

    I went to the licensing office to collect my licence.

     

     

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS –

     

     

    Thanks for that. There are quite a few books out there, and many websites of course.

     

     

    Hail Hail

  13. I see the V Bares are targeting someone who they think is involved in the RTC blog, hmmm what do they know.

     

    I’m Rankers tax case, I’m also Spartacus and Neil Francis Lennon on a good day.

     

     

    Something to ponder……

     

    Trading while insolvent is unlawful in a number of legal systems, and may result in the directors becoming personally liable for a company’s assets.

     

    Under UK insolvency law trading once a company is legally insolvent can trigger several provisions of the Insolvency Act 1986, including,

     

    • Wrongful trading – Section 214

     

    • Transaction at an undervalue – Section 238

     

    • Preferences – Section 239

     

    • Extortionate credit transactions – Section 244

     

    Under wrongful trading legislation in the UK, if the company continues to trade while it is insolvent the directors of the company may become personally liable to contribute to the company’s assets and help meet the deficit to unsecured creditors if the company’s financial position is made worse by the directors continuing to trade instead of putting the company immediately into liquidation.

     

     

    Have a good day mi amigos!

     

    HH

  14. TheBarcaMole on

    dannysbeard on 22 May, 2012 at 08:22 said:

     

     

    Barca mole

     

     

    every one of them is a friend of mine

     

    give me your first name and I will certainly pass on your regards……………

     

     

    Should think they’ll know who I am…………….

     

    Think only wee Gary (of the current membership) was about when the club was founded about thirty years ago in The Forge off Angel Road Before moving to BJ’s (my place) long gone, now Roy’s department store I believe………

     

    Pete and that came on the scene when we moved to The Leopard and from there to The Pickwick; although he might have been about when we were in BJ’s……

     

    Anyway, enjoy the day comrade…….

     

     

    Regards & Hail Hail

     

    TBM

  15. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    TOM McLAUGHLIN 0822

     

     

    I only saw your original post when I scrolled back after work. Ironically,a post I sent in support of TONELOC’s wee lad,CONOR,came up directly afterwards.

     

     

    I sent it when I nipped back into the office for a bit,but only read as far as Toneloc. Had I seen yours then,I would have stood foursquare behind you in your claims. See what I did there,haha!

     

     

    Glad to read recently that you are on the mend,bud. Still miss your sclerotic days but I understand you have to be careful……….

  16. From one of the better educated troglodytes…

     

     

    “lets not got away from the fact celtic also had ebt scheme HMRC soon go after them aswell scaremongering is helpin no one”

  17. kitalba on 22 May, 2012 at 08:38 said:

     

    From one of the better educated troglodytes…

     

     

    “lets not got away from the fact celtic also had ebt scheme HMRC soon go after them aswell scaremongering is helpin no one”

     

    +++++

     

     

    Let’s assume we haven’t squared it up with old Hector yet, and going by the ‘pay 50% tax’ route currently espoused by the media (but not, it would appear by Duff and Duffer – £75m?), we’d be due Hector a massive £400k.

     

     

    “helpin no one”?

     

     

    Aye, more like “please make it go away, it’s helpin everyone else bar us cheats”.

     

     

    TAL

  18. Monaghan1900 on

    From RM:

     

     

     

    “Craig Whyte caught speeding

     

    Was told tonight that Craig Whyte caught speeding on A9 last week. Anyone else heard this.”

     

     

    Special defence of necessity I think.

  19. Fritz A. Grandold ‏@fritzagrandold

     

    Man overboard! Captain! Man overboard! Mike McDonald quits Charles Green’s consortium but fires off some moonbeams.

     

     

    Like rats from a sinking ship….

  20. C and P’d from the rectum…

     

     

     

    MANCHESTER businessman Mike McDonald is to pull out of Charles Green’s Rangers takeover because a ban on transfers has scuppered his plans to make millions onAlly McCoist’s summer signing targets.

     

    McDonald last night confirmed he will not now help fund the buyout unless Green can somehow overturn the SFA’s 12-month embargo.

     

    McDonald insisted his decision to walk away will not damage his friend Green’s chances of completing a proposed £8.5million purchase of the Ibrox club, as he had never agreed to help bankroll the initial bid.

     

    But the 70-year-old confirmed he was willing to plough some of his own fortune into a transfer fighting fund which would have seen him then claim “part ownership“ on any new signing secured with his cash.

     

    He said: “Charles is setting up a consortium who will run the club. I was never going to be a part of that because I’m retired now.

     

    “My main interest was investing in new players but last Wednesday we got the news the embargo is standing so obviously that has thrown a bit of a spanner in the works from my perspective. That’s not to say when it’s lifted in a year’s time or whatever, I’ll not look at it again. I probably will.

     

    “But right now Charles says he doesn’t need me. It’s a bit sad really because it would have been great to be involved in getting a side out there and challenging for Europe where the big play is. Obviously that’s going to be a bit of a slog now but I’m sure Charles will make a success of it.”

     

    Former Sheffield United chairman McDonald, who employed Green as the club’s chief executive in the 90s, explained the pair’s plan would have seen money “loaned” to the club to help finance McCoist’s squad improvements.

     

    He would then have been entitled to a personal cut of any future transfer fees if those players were sold on at a profit.

     

    The money-making scheme was dashed last week when the SFA upheld its original decision to blackball Rangers from buying new players until summer 2013.

     

    But McDonald’s admission is likely to alarm many of the club’s already anxious supporters following the trauma inflicted upon them by Craig Whyte.

     

    Even McDonald admits to having doubts that such a scheme could be successfully implemented at Ibrox.

     

    He said: “I was going to be more involved on the playing side than anything else. It could have worked in different ways, depending on how much finance there was. If the club wanted money for players we would have been there. These part-ownership schemes happen a lot now around the world. People invest in potential.

     

    “Mainly, I’ve been involved in doing it with lower clubs, not the size of Rangers. But when you have small clubs that are struggling for money, you help them look at young players coming through – 17- or 18-year-olds.

     

    “You put the money in and when those kids go to higher clubs there is some profit. But at a club the size of Rangers I’m not sure how it would work so it’s probably a good thing (that the plans have changed).The way I understand it, Charles has the funding in place to run the club without having to look for loans so they should be okay.”

     

    English agent Paul Stretford had also been linked to the McDonald-Green venture but it remains to be seen if the high profile wheeler-dealer will have a part to play now the SFA embargo has stuck.

     

    But Green continues to pull his Sevco consortium together from all corners of the globe. The group’s financial adviser has been revealed as Imran Ahmad, who recently moved to English investment banking operation Zeus Capital.

     

    Ahmad founded the London firm Allenby Capital Limited in 2009. It has been listed as an adviser and broker in several announcements by Singapore-based mining investment firm Nova Resources limited, of which Green is chairman.

     

    A Malaysian hotelier who Green refers to as Jude Allen but is also known as Javed Abdullah, has been confirmed as one of the chief investors.

     

    Green has also named Middle Eastern lawyer Mazen Houssami as another in his 20-strong list of potential money men. More backers are expected to be announced soon, with a Far Eastern party set to go public, possibly today.

     

    But McDonald said: “He seems to have people in place who are nearer to Scotland to Rangers than I would have been. I’m based in Belgium so I’m miles away. Charles has all his ducks in a line and I’m not interfering with it.

     

    “The people he needs are people who will give him money and be good for the club. He’s getting lots of interest from Glasgow people and Rangers supporters. They should be his first port of call. Ironically he now has quite a lot of people and at some stage he’s going to have to thin it out because too many cooks spoil the broth.

     

    “That’s why we were prepared to sit back and allow the White Knights or the Red Knights or whatever they were called to get on with it. When they didn’t deliver we came in. It’s the same now with these investments.

     

    “It’s still a great opportunity to invest in because the club can really only go one way from now. I think Charles is going to sort it out and be very successful. He’s the right man for the job.”

     

     

    I see the vultures have come home to roost..

  21. If I remember correctly, it was purported that there was one employee of our club who once had an EBT (possibly Juninho’s) I cannot remember whether it was Fergus McCann or our ex chairman Brian Quinn who had it brought to their attention but the purported net outcome was, it was withdrawn and all due taxes were paid in full.

     

     

    We submit our books in full, on time, unlike some others, so it will all be in there plain as day.

     

     

    Just borrowed this from KDS.

     

     

    Exclusive: Outgoing Celtic chairman Brian Quinn gives a revealing interview to The Herald’s Chief Sportswriter Hugh MacDonald .

     

     

     

     

    It is an unlikely scene.

     

     

    A former deputy governor of the Bank of England scribbles figures on the back of an envelope. The numbers are crunched. The bottom line is reached. Brian Quinn has travelled more than 500,000 miles in his seven years as chairman of Celtic.

     

     

    “I miss only about four or five matches a year,” he said. “I reckon I have travelled half a million miles between matches, board meetings, supporters’ functions, UEFA meetings, overseas matches, tours and so on.”

     

     

    Quinn, who will be 71 in November, added yesterday: “There comes a time when somebody else had to do it.”

     

     

    There are other figures. Celtic won five SPL titles, four Scottish Cups and three League Cups under his careful stewardship. The chairman watched 315 league and cup matches and made 90 trips abroad on European business, whether for matches or UEFA conferences. He also chipped in £5000 to the fund for the Brother Walfrid statue, though this is a figure revealed quietly by a Parkhead source.

     

     

    Quinn, diffident and sober, will be embarrassed that this donation has reached the public realm and that his last board meeting was on the splendour of the QE2 as it was anchored off Greenock.

     

     

    He has, after all, earned his considerable reputation not on the back of envelopes or flamboyant gestures. He is a major financial player. His achievements are measured on balance sheets. It on this dry, but crucial playing field that his contribution to Celtic will be measured.

     

     

    “At a certain point about three years ago, I decided with Dermot Desmond that it could not go on,” said Quinn. “You shouldn’t run a company like this.”

     

     

    He was referring to a financial position that was untenable at the club. “We ran up cumulative deficits over the years of in excess of £40m and we were funding those deficits ultimately by shareholders’ contributions through rights issues. Although we were achieving a certain success by then on the football field under Martin O’Neill, you can’t go on losing money at the rate of £5m-£7m a year indefinitely.”

     

     

    This is said with the quiet but unmistakable indignation of a money man. It is followed by more business language: “We sat down to develop a new business model which we called the model of sustainability. We aimed to break even or do slightly better. Any rights issue should be for investment only.”

     

     

    Central to this strategy was to cut costs. Quinn praises Peter Lawwell, his chief executive, for his role in executing the programme. “We have changed our cost base and we have a way of paying players that is not based upon a large basic salary plus bonuses and much more on a small basic salary but big bonuses. So that if the players earn, they get. That has changed incentives inside the company and it has changed the performance of the club.”

     

     

    The other important factor was to increase revenue through sponsorship deals with the likes of Carling, Nike, MBNA and T-Mobile. “This has given us the comfort of a predictable income,” said Quinn who has spent 11 years on the Celtic board.

     

     

    He is cagey, too, about the significance of Celtic’s recent £15m pre-tax profit. “It was extremely welcome,” he said. “But there were a couple of factors you cannot rely upon for repetition. One of them was going into the last 16 of the Champions League and the other was activities in the transfer market. You cannot budget on those things.”

     

     

    But how does Quinn feel as a fan when he has to turn away from buying at the top end of the market? Did he ever feel a tension between what he wanted and what he could afford? “No, I didn’t,” he replied immediately.

     

     

    “As the chairman of a public limited company you are absolutely clear where your priority lies. You have to do the right thing. And I never wavered from that.”

     

     

    This stance was not popular among fans who wanted Celtic to buy big. “Not many years ago we were being heavily criticised by supporters and I was regarded as Mr Prudent and got of lot of abuse. But I knew it was the right thing to do. I hope that doesn’t sound arrogant,” added Quinn.

     

     

    He is similarly adamant on bringing in players, preferring to invest in the infrastructure of the club instead of huge transfer fees for which he has an institutional distaste. “We’ve seen where that road takes you,” he said with palpable disgust.

     

     

    Quinn met with resistance with fans on this strategy but also had a celebrated spat with O’Neill, the then Celtic manager, over the size of the wage bill. “If you are in a position of authority in any company and you never have a fight, then somebody is not doing his job,” he said. “Martin was doing what he thought was best for the football team. I was having to say there are limits to this because we have to have a look at the financial implications of what we’re doing.

     

     

    The argument was over a particular piece of data.

     

     

    “And I was right over that piece of data. There was a bit of a spat. It was an incident rather than a syndrome.”

     

     

    It shows the strong side of a man who climbed the mountains of the financial world from the base camp of Govan. It also helps explain why Quinn is leaving.

     

     

    “I believe that proper corporate governance is at the very core of our success here,” he said. “A part of that is not getting too cosy with one another. It is having a board which can be relied upon to be objective and rational in how they do things. There is an ever-present danger in any plc that if people are in place for too long it gets cosy and you don’t take the difficult decisions. It is time for someone else to take over. I’ve done my piece.”

     

     

    He will, of course, remain a fan. “My dad was a supporter, his father was a supporter.

     

     

    My two sons are season ticket-holders who fly up and down from London for games. I have even managed to indoctrinate two of my three grandsons. I am still working on my third one who is a big Liverpool supporter.”

     

     

    And, as a fan, what is his best memory? “It was when I was in the bowels of the stand in Seville before the game UEFA Cup final in 2003 against Porto and I went upstairs to have a look at the ground. I stood in the middle of the VIP stand and I heard the Celtic supporters singing Fields of Athenry, You’ll Never Walk Alone and all the anthems and there was a great big lump in my throat. That’s my abiding memory of supporting Celtic.”

     

     

    Asked about the best player, he replied: “Henrik Larsson. In a class of his own.”

     

     

    Quinn will keep himself busy in his roles as a non-executive director of a mortgage insurance company, a non-executive director of the Qatar financial services authority, work for the World Bank and the International Monetary Fund, and his financial consulting business.

  22. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Looks as if the prospective new owners of the huns were preparing to break another of football’s golden rules,this time regarding third-party player-ownership.

     

    ~~~~~~~ ~~~~~~~ ~~~~~~~~~~~~~~~

     

    Rangers in crisis: Tycoon Mike McDonald quits Charles Green’s takeover team over SFA transfer ban

     

     

    May 22 2012 Exclusive by Keith Jackson

     

     

     

    Mike McDonald Image 1

     

     

    McDonald, left, worked with Green, right, at Sheffield United in the late 1990s

     

     

    MANCHESTER businessman Mike McDonald is to pull out of Charles Green’s Rangers takeover because a ban on transfers has scuppered his plans to make millions onAlly McCoist’s summer signing targets.

     

     

    McDonald last night confirmed he will not now help fund the buyout unless Green can somehow overturn the SFA’s 12-month embargo.

     

     

    McDonald insisted his decision to walk away will not damage his friend Green’s chances of completing a proposed £8.5million purchase of the Ibrox club, as he had never agreed to help bankroll the initial bid.

     

     

    —————–But the 70-year-old confirmed he was willing to plough some of his own fortune into a transfer fighting fund which would have seen him then claim “part ownership“ on any new signing secured with his cash.—————–

     

     

    He said: “Charles is setting up a consortium who will run the club. I was never going to be a part of that because I’m retired now.

     

     

    “My main interest was investing in new players but last Wednesday we got the news the embargo is standing so obviously that has thrown a bit of a spanner in the works from my perspective. That’s not to say when it’s lifted in a year’s time or whatever, I’ll not look at it again. I probably will.

     

     

    “But right now Charles says he doesn’t need me. It’s a bit sad really because it would have been great to be involved in getting a side out there and challenging for Europe where the big play is. Obviously that’s going to be a bit of a slog now but I’m sure Charles will make a success of it.”

     

     

    Former Sheffield United chairman McDonald, who employed Green as the club’s chief executive in the 90s, explained the pair’s plan would have seen money “loaned” to the club to help finance McCoist’s squad improvement.

     

     

    ————-He would then have been entitled to a personal cut of any future transfer fees if those players were sold on at a profit. ———————–

     

     

    The money-making scheme was dashed last week when the SFA upheld its original decision to blackball Rangers from buying new players until summer 2013.

     

     

    But McDonald’s admission is likely to alarm many of the club’s already anxious supporters following the trauma inflicted upon them by Craig Whyte.

     

     

    Even McDonald admits to having doubts that such a scheme could be successfully implemented at Ibrox.

     

     

    He said: “I was going to be more involved on the playing side than anything else. It could have worked in different ways, depending on how much finance there was. If the club wanted money for players we would have been there. These part-ownership schemes happen a lot now around the world. People invest in potential.

     

     

    “Mainly, I’ve been involved in doing it with lower clubs, not the size of Rangers. But when you have small clubs that are struggling for money, you help them look at young players coming through – 17- or 18-year-olds.

     

     

    “You put the money in and when those kids go to higher clubs there is some profit. But at a club the size of Rangers I’m not sure how it would work so it’s probably a good thing (that the plans have changed).The way I understand it, Charles has the funding in place to run the club without having to look for loans so they should be okay.”

     

     

    English agent Paul Stretford had also been linked to the McDonald-Green venture but it remains to be seen if the high profile wheeler-dealer will have a part to play now the SFA embargo has stuck.

     

     

    But Green continues to pull his Sevco consortium together from all corners of the globe. The group’s financial adviser has been revealed as Imran Ahmad, who recently moved to English investment banking operation Zeus Capital.

     

     

    Ahmad founded the London firm Allenby Capital Limited in 2009. It has been listed as an adviser and broker in several announcements by Singapore-based mining investment firm Nova Resources limited, of which Green is chairman.

     

     

    A Malaysian hotelier who Green refers to as Jude Allen but is also known as Javed Abdullah, has been confirmed as one of the chief investors.

     

     

    Green has also named Middle Eastern lawyer Mazen Houssami as another in his 20-strong list of potential money men. More backers are expected to be announced soon, with a Far Eastern party set to go public, possibly today.

     

     

    But McDonald said: “He seems to have people in place who are nearer to Scotland to Rangers than I would have been. I’m based in Belgium so I’m miles away. Charles has all his ducks in a line and I’m not interfering with it.

     

     

    “The people he needs are people who will give him money and be good for the club. He’s getting lots of interest from Glasgow people and Rangers supporters. They should be his first port of call. Ironically he now has quite a lot of people and at some stage he’s going to have to thin it out because too many cooks spoil the broth.

     

     

    “That’s why we were prepared to sit back and allow the White Knights or the Red Knights or whatever they were called to get on with it. When they didn’t deliver we came in. It’s the same now with these investments.

     

     

    “It’s still a great opportunity to invest in because the club can really only go one way from now. I think Charles is going to sort it out and be very successful. He’s the right man for the job.”

     

    ~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~

     

    The main relevant points are marked ———-

     

     

    They really have no shame,eh?

  23. BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 22 May, 2012 at 08:59 said:

     

     

    The spell Shame M-O-N-E-Y…

     

     

    The fact that the guy blabbed all this to a paper shows how little regard they have for the rules…

     

     

    Welcome to your future hell hunnies..

     

     

    Hahahaha…

  24. BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 22 May, 2012

     

     

    The sportswriter of the year deserves a double post, where would we be without Keef’s finger on the throbbing pulse of fitbaw!!!

  25. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    GOOGYBHOY

     

     

    M6,A50 at STOKE, then A47.

     

     

    Go on,you know you want to……..