Final act of Heroism from Craig Whyte

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Just a few days after the Blue Knight’s offered Craig Whyte £500k for his shares in Rangers Our Hero sold to Charles Green, who is now owner of the embattled football club, for £2.  Craig has doubled his money in a year after buying Rangers for £1 last May, but as he accepted a bid for his shares a quarter of a million times smaller than that of the Blue Knights, curiosity has peaked.

For many months Celtic Quick News has billed Craig Whyte as the only show in town, that he would only sell to someone who paid his substantial asking price, or who was his proxy.  No one is suggesting Whyte has pocketed £2 for his trouble and dropped off the scene in a sudden bout of benevolence.  There is clearly tons we don’t know about this deal.

We’re grateful to Paul McConville for his research on Charles Green today.  I am sure Paul only spent a short time researching the subject but it was nonetheless a fruitful endeavour.

I may have missed specific reference to his security over Ibrox but Mr Green does not have the disposition of someone who owns a football club without a ground, so it would be reasonable to assume that Whyte’s security is now in the control of Green.  In time we’ll find out how these assets changed hands but I suspect nothing will be said publicly on this subject for now.

Craig Whyte did not start the Rangers crisis, he never had an EBT from the club and he repaid all of Rangers bank debt.  He has been enormously entertaining during his 53 weeks in charge and, from the little information provided on the 20-or-so mostly-anonymous venture capitalists who now own Rangers, he has passed the club onto what looks like an equally rewarding group of people.

If nothing else, he parted ensuring what is left of the club didn’t get into the hands of the Rangers support, accompanied by a pushy investor with deep pockets.

Cheers for that, Craig.  Once this blows over, we need to get you in for the Paradise Windfall.

I’m still freezing.  Hug a radiator CSC.

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  1. Mountblow tim on

    Good morning CQN from a wet Clydebank

     

     

    What a Team

     

    What a player

     

    What a manager

     

    What a support

     

    What a party

     

    What a club

     

     

     

    Away now to read through all the post from yesterday

     

     

    God bless

     

     

     

    Hail Hail

  2. Just caught up with the BBC Scotlands bigoted Sportscene, what an embarrassment! no Celtic representative on a day when Celtic lift the trophy, Rankers on first??????????

     

     

    McLean and Paterson discuss how Rankers can keep all their stars??? After Celtic highlights both muppets set about selling Hooper………….. both men a complete joke

     

     

    A department which clearly require overhaul as it demeans the BBC.

  3. Are Scottish journalist thick or what?

     

     

    From the Scotsman :

     

     

    _________________________________________________________________

     

    Rangers takeover: Green future for rescued Rangers

     

     

    AFTER months of turmoil at Ibrox, businessman Charles Green has secured the future of Rangers by striking a deal to buy the football club for £8.5 million on behalf of a multinational consortium.

     

    __________________________________________________________________

     

     

    Why do journalist insist on printing any old crap just to sell a story?

     

     

    RFCia are a long, long way from being saved. OK, they may have been saved from going into the blender today, but any RFCia fan who believes this utter tripe from the Scotsman needs their head examining.

     

    OK, following TFOD is reason enough for that but really, does anybody believe this drivel?

  4. Bon dia , from an overcast Catalunya,sorry to join the weather gang , but I am feeling a bit “overcast” this morning as well.

     

    Could they get away with it ? Whatever happens we must rise above it.

  5. fergus slayed the blues on

    congratulations to Neil and the bhoys ,they gave the fans a five star performance to round the season off .

     

    hail hail

  6. As Celtic celebrated, Hearts and manager Paulo Sergio left Parkhead without making any comment on their heaviest domestic defeat of the season.

  7. Good morning friends from a very wet grey and fuzzy (that’s a new one?) East Kilbride.

     

     

    A fantastic day yesterday, despite the weather, made even better by having the company of so may of the CQN gang. Apologies in advance to those that I may miss but I seem to remember bumping into Dick Byrne, The Battered Bunnet, DBBIA, Jinkyredstar, Seven Fish Four Steak, Cartuja, Blantyretim, Hamiltontim, Oldtim, Cadizzy, Subterranean, Summa of Sammi, Roccobhoy and Timabhuoy (God bless Her Majesty………’s Revenue & Customs). Great company on a day to remember.

  8. Is the Glasgow Herald a Celtic free zone today?

     

     

    Is it true that when Scotland played their recent friendly in Slovenia the Herald never sent a reporter, but managed to send a reporter to the recent bigot fest game at Linfield and file a report.

  9. Billy's Bhoy on

    Bhoys impressed by The God Like Genius of Georgios Samaras.

     

    Best of luck in the Euros Sammi.

  10. pintaguinness on

    In the interests of “transparency” we need to know who Green’s backers are. In addition how will they all pass the “fit and proper person”test ?

  11. Just driving up to Perth, when I heard the news on Snyde, ” If the Green bid fails through a CVA then they will turn to the Newco option which will guarentee Rankers survival ” wtf?

     

    Stupid huns

     

     

    No to Newclub

     

     

    HH

  12. Maybe its tim e for celtic to attract new investors to the club,dont give that mob an inch at ibrox,get in before them,new people with cash ,quality players etc etc

  13. macjay1 for Neil Lennon on

    bigjie on 14 May, 2012 at 06:13 said:

     

     

    You never let us down.

     

    Just been watching all the HOOPla we would not normally be able to see.

     

    You`re a credit to our great club and culture.

     

    Thanks.

  14. Margaret McGill on 14 May, 2012 at 01:12 said:

     

     

     

    Margaret McGill on 14 May, 2012 at 01:12 said:

     

    ”If Lenny bought Barton …….even those who think he’s hun like today..and he is!”

     

     

     

    Saw the incident on you tube.

     

     

    Some people call it thugery. I call it performance art.

     

     

    Joseph Anthony Barton is on a one man crusade to keep football real.

  15. Maybe it is time for a Global Membership Scheme so Celtic Supporters from every corner of our world can own a wee part of our club too, and in subscribing helping to put an even more beguiling team onto the park that would enhance the Celtic Way, and in doing so, expanding the celebration of our culture and ethos to an even wider audience.

     

     

    The more that put in then the more we will all get out and all the more we can take pleasure from helping even more people.

  16. I agree that the TV coverage of our brilliant victory and fantastic title win was disappointing. I can only feel their pain. :-)

  17. sixtaeseven: No NewCo in SPL and it's Non-Negotiable! on

    Morning all from gay Paree, bright sunny morning (19C max today alledgedly).

     

     

    Not a sniff of Celtic news in the GLASGOW Herald this morning!!!

     

    Biggest game in Scotland yesterday,

     

    58000 fans, great football, how many times has anybody scored FIVE goals in the SPL, SPL trophy awarded, etc

     

     

    They are hurting big time.

     

     

    RFC(ia): Time to Pay the Wages of Sin

     

    ;o)

  18. Dontbrattbakkinanger on

    Whither the cash-strapped scrofulous Hillbillies theday?

     

     

    Anyways, call me ole fashioned despite the bracing weather I really, really enjoyed yesterday.

     

    Cellick win by the approved 5-0, and a few pints in ole BBs in the company of many excellent CQNers, it was like ole Mogga had never left.

     

     

    At the end of the season you could not get a cigarette paper between the team and the support, for which N.F.Lennon and his compadres deserve enormous credit.

  19. sixtaeseven: No NewCo in SPL and it's Non-Negotiable! on

    Salut ianinascoli !

     

    I would be good if I wasn’t stuck in the oaffice, erm, working…

  20. Good Morning Champs,

     

     

    What a great day to wake up a Celtic supporter, Mrs Starry just asked me if Celtic would have a civic celebration like Basel do here when they win the league, main square, team presentation, managers speech, music, party….

     

     

    What time does it start in George Square!!

     

     

    HAppy Valley Starry

  21. Green said that his decisions may not always be popular but that he would always tell the rangers fans the truth.

     

     

    bares

     

    “Who are your investors?”

     

     

    Green

     

    “I’m not telling you!”

     

     

    Couldnae make it up CSC

  22. estorilbhoy on 14 May, 2012 at 00:59 said:

     

    estorilbhoy on 14 May, 2012 at 00:43 said:

     

    Sorry if I missed this but is the Green proposal been accepted as a preffered bidder proposal, or acceptance of formal ownership of the club?? The terminology is doin ma nut in!?,

     

     

    ——–

     

    Bhoys can anyone answer above please?

  23. bbc shortbread is a ranlger supporting clique .There must be someone in a high position there who allows the biased football coverage.

     

    Last week I tuned into the bbc Alba football show and they report on Celtic in a balanced positive way . The contrast wass so clear.

  24. Dontbrattbakkinanger on

    Accordin’ to ole Wiki /EWTB/EWLM today is the Feast of St Mo.

     

    Like we needed another reason to be cheerful…

  25. The end of the today programme on Radio 4 hosted by John Humphrey

     

     

    Stuart Hall and journo from Guardian, journo apparently decked out full Man City gear

     

     

    Man city title celebration and love in was the theme

     

     

    The equivalent at Radio Scotland ha ha ha ha ha ha

  26. Whoever came up with the idea that the tenor should come and kill the atmosphere and then go on to kill it again, should be sacked.

     

    Anyone who comes to sing YWNA at Celtic Park should be told that it should be sung with the crowd not for the opera house.

     

     

    Only pleasure that I took from it was that at the end of the season Ragers are skint but we still had a tenor.

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