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.
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.
438 Comments- Pages:
- «
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- ...
- 12
- »
Have we signed Emilio’s wee boy yet.
Never seen a kid enjoy his football as much
Agent Whyte. Return to base. Agent Green will now take over.
Anyone see the Green Brigade doing pass the parcel?
They were passing a guy around the crowd was PMSL lol
BRILLIANT
HH
ernie,a man on wae a sensible mind.
I have visions of a newco,debt free,encouraging finance,wae backers and signing another load of big players …
Tcr
Have decided to go for it
Just been asked the question ( with a furrowed brow) “your having a beer?”
Answer from me was ” damn right! Might have 2 or 3 more as well.MOTD is on and I’m in the mood.”
Astonishingly, it might just work…….. Talk of going upstairs to read.
seeing the pics of the Thai Tims on another site
i had the privalage of seeing them in Belfast, and it was great that they were on at half time today
they must be having the times of their lives (except obviously of having to visit Belfast and Glasgow ha ha)
Reamonn Gormley – Celtic Legend
Stringer Bell, the next show is the Company Voluntary Arrangement. I cannot see this happening (will talk in more detail tomorrow) but we are in for a few days of hope.
Wednesday SHOULD see the SFA appeals panel reaffirm Rangers punishments. We’ll see.
Many more developments could happen but I suspect it will be the following week, not this coming week, that will see most interesting developments.
long haired yins man, perhaps.
Green Lantern, their future remains in peril. Nothing has really changed in this respect.
coorslad, thank you, you’re very welcome. I don’t fancy the trip on the ferry tonight.
Stringer Bell on 13 May, 2012 at 21:28 said:
yer not that pished then…………. :)
32 league titles for Real Madrid, 20 second places.
Barcelona have won it 21 times and been second 23 times.
Atlético Madrid have won nine league titles, but not since 1996.
Athletic Bilbao have won eight, but not since 1984.
Valencia have won six, but the most recent, although it seems recent, was in 2004.
Real Sociedad won two leagues in 1981 and 1982.
Deportivo La Coruña won it for the only time in 2000.
Seville won it in 1946.
Their city rivals Real Betis won it in 1935.
No one else has ever won the Spanish league.
Paul
This doesn’t make sense, what has Whyte got out of the deal, apart from ticketus chasing him for millions.
So the answer to my Q earlier
Q:What has Ernie Lynch and John Greig got in common?
A: Neither has a CQN badge!
John if you are online, drop me an email at celticrollercoaster@yahoo.co.uk and I can sort you out :-)
HH
CRC
Whytie’s still got his floater, which is where the money is.
See this CVA business? Is there any way they can slip past this?
What do you mean he has his floater?
What a day – mega delighted for lennie and broonie who’s had a difficult couple of years.
Lennie – got consistency out of Sammi, Rogne and even loovens. Got Commons back to his best , made FF a different player, got a settled first year out of vic and let Charles flourish, broonie back to his best, JF outstanding many times and made PL’s strategy work.
A huge thanks to Paul67 and the GB for getting me through the season
HH
Suppose the deal falls through now. Green already has Whyte’s shares, bought them for £2 (apparently he thinks this gives Whyte a 200% profit, what that says about his busniess acumen I’ll leave it to others to judge)
What then? It’s just even messier than before isn’t it?
Honest answers Bhoys and Ghirls
Do you believe that ‘The Green man’ will
A: Manage to pull a CVA out of the bag and thereby shaft the British tax payers out of millions of pounds?
B: Include in the CVA any amount owed from the ‘big tax’ case?
C: Will the SPL have the testicles to impose punitive sanctions on Rangers (IA)?
D: If they get away with it why should anyone else pay their debts in full?
On my soap box CSC
does anbody think at celtic park this afternoon the atmosphere was flat .just had afeeilng inside me that things werent right
Paul 67
Another charade. I’m sure I heard on Shortbread that Green rocked-up in the away dressing room and addressed the players, “hey, I’m not Craig Whyte.. Blah blah please stay”
The ingenuity of Duff £ Phelps to extract every last penny out this process is breathtaking. This fiasco will take a week or so to unravel …. my 14 May 2012 liquidation day prediction looks doomed , unless the security staff rumour for Ipox has legs.
Chillpillcfc
see the way everybody said yesterday that today there would be good news for them in that there would be another fakeover
that has happened
and what?
Liquidation, liquidation, liquidation na na na na na
Tricoloured Ribbon on 13 May, 2012 at 21:44 said:
His floating charge.
There’s been no mention of it.
If he no longer controlled it the news would be being shouted from the rooftops.
The things to look out for are the floating charge and the Ticketus contract.
Oglach
I think Hector could render all of your questions irrelevant. I just wish he would hurry up!
Bhoys and ghirls.
Today is our day. It is Lenny’s day. It is a day of celebration where the title is back where it belongs. Enjoy it. Green, Whyte, HMRC, CVA and the rest of this muck will be there for us to enjoy another day. Let’s celebrate all that is good about our game that we witnessed today at Celtic Park.
I hear the Bhoys are celebrating in Corinthian.
Wish I was there!
Man, I love that team.
SwanseaBhoy
Float On!
Paul67
On balance, is today’s development good or bad news?
SwanseaBhoy
TCR,I had a floater last nite,took 3 flushes to get rid of it
Oglach,
The way things are going son in this scandalous scenario I reckon all four are possible.
why is HMRC taking so long with big tax case?
EKBhoy on 13 May, 2012 at 21:47 said
my 14 May 2012 liquidation day prediction looks doomed , unless the security staff rumour for Ipox has legs.
Well if something is coming over the hill tomorrow called the tax man :-)
Bhoys on SP3 off to watch because I forgot to record, god bless all in celtic land.
Craigy. Yer pal who likes ye a floater.
Timbhoy2
the only people feeling uneasy about events at CP today would be huns, mini and maxi.
Paul McConville is one shrewd cookie.
Paul 67
Thanks for the reply. Had a feeling this has a wee bit to run yet. Looking forward to red sky in the morning – shepherd’s warning – article next Friday!
Mrs none the wiser as a slowly sup a cold one from the fridge. Have Flickr channels and ‘discovered’ the golf from sawgrass. Think she’ll be off before I start humming the bold Fenian men ((dead giveawAy in the phhhst stakes for me).
Coldguinesscsc.
Glendalystonsils likes a mr whippy with his lime green jelly on 13 May, 2012 at 21:49 said:
Oglach
If the SPL investigation finds evidence of two contracts then everything else should pale into insignificance, they must be expelled from the SPL, and the SFA should do likewise, cheating on that scale is unprecedented.
timbhoy2 on 13 May, 2012 at 21:47 said:
Your having a laugh right? At least you have stopped shouting.
Tell me, what do you think is wrong?
CRC
timbhoy2 on 13 May, 2012 at 21:47 said:
does anbody think at celtic park this afternoon the atmosphere was flat .just had afeeilng inside me that things werent right
Flat, huh ? No, not at all. In fact the Celtic-end found their voice today.
I was so pleased to see the stadium full.
Hoops_Neil_Lennon_diditagain on 13 May, 2012 at 21:38 said:
IMO Whyte’s share sale is a good indication of there being minimal potential upside remaining for any owner of RFC(IA) – one of his terms was probably an indemnification against actions by Ticketus when liquidation hits – he can now quietly disappear off the scene with whatever gains he has syphoned away – it would be unsurprising if his chain of holding companies now suddenly start folding
Basically if Whyte is walking away there must be nothing left on the carcass