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.
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I give my mass congratulations to the team I love today,but forgive me thinking that the Masonic hole that is Scotland still has these scumbags sneaking back into our midst..
timbhoy2 on 13 May, 2012 at 21:47 said:
Atmosphere was amazing today were i was sitting, also had my eldest there for her 1st game and she LOVED it (so did I)
HH
Cultsbhoy, the length if time is nothing to do with HMRC, they have done their bit. It’s an independent FTT that we are all waiting on.
SffS
Martin Laird, Sco, is leading Players Championship -12 on 13th hole
timbhoy2
I know what you mean. I felt that too.
I put it down to the fact that the league was won over a month ago, the weather was very unseasonal and as we headed to Paradise we heard the stunning news that Hunmaggedon has been averted and we are now second favourites for all the trophies next season what with the inevitable front loaded warchest and all.
Hee Hee stupid hunz!!!
Timbhoy2, I had exactly the same thought! Then I realised the sound on my telly wisnae working. Gie us peace.
I got back home at 19.40. Flights from Belfast this morning went perfectly and taxi to Celtic park was a quick drive.
Had my 6 year old at his FIRST game and he loved every moment. We were in NS Upper,3 rows from front directly above GB.
Saw all Hoops 3 goals perfectly as well ad his 2 in 2nd half.
He loved the singing and noise. Couldn’t stop talking about it the whole way home!!
SffS (proud dad of a new massive Celtic fan for life!!!)
Johann Murdoch
Great to meet you and BT, OT, today and share a drink or three with you, I managed to get poured off the bus before it crossed the border (which was rocking bye the way) and on my ten min walk up the road in the icy cold rain managed to fool my good lady into thinking I was looking very fresh under the circumstances the letters on the computer are now looking like fluid Eithiopean so will now log off
67 Heaven (before i go ) your badge will be secured before our next home game watch this space for details remember a fee is required for same
Hail Hail to all the Celtic family tonight and for always
Again lads and this is what worries me.If they liquidate,wipe out their debts,back as a newco,have a share issue and get a backer.Whats to stop them spending millions on players again?Forgive me if I’ve got this wrong.
Tricoloured Ribbon
A transfer embargo for starters
Tricoloured Ribbon
There will be nothing to stop them.
I just can’t see anyone out there who would be willing to throw millions away, people who have that sort of money don’t throw it away.
Back to the juniors for the south stand linesman. Just watched the game on sky plus and he had a shocker even by our normal cheating standards in Scotland. the guy called offsides that were yards on.
Malorbhoy, were you celebratin somethin today haha
Bma
Aye. The atmos was flat all right. Up the Hertz end.
Snake,
What if they win that appeal and I think thats a distinct possibility?
Were the crowd at paradise singing “Criagy Whyte’s Fenian Army” in a
Glasgows green ‘n’ white style? Sounded as if one end of the ground (lions) were singing Craigy Whyte while the other end (stein) replied with Fenian army. Perhaps it was my ‘wishing it to be so’ but it sounded a lot like it on the oul computator.
That deserves a big 2 thumbs up if it was so!
Final point.
Truly the GB merit their own unit citation from Celtic. Citation should read “Resoluteness and Courage in the face of adversity”. They have received a lot of criticism, some of it from within the Celtic family yet they turn up each week and have. almost unaided, ‘brought the thunder back to paradise”.
“Come on ye bhoys in Green”
The lack of a return will stop anyone with money backing them.
They, Billy and Orangina, won’t put cash into a club that is being beaten by Celtic.
dixiebhoy69 on 13 May, 2012 at 22:08 said:
Yes that’ll be the linesman with the Timmy sounding name. Ask the cardihun he’ll put you straight.
Tri coloured ribbon
They tried the share thing before and SDM ended up footing the bill for £50m if memory serves, plus a 3 year euro ban.
I don’t think Hector is going to stand back and let them off FOC either.
Ghents
there is no profit to be made in football…particularly if you gift fortunes to buy players etc
nae chance of any of the hun new owners throwing money at the team …what`s in it for them
they are not philanthropic fans
Oglach. You bet we were!
Snake Plissken on 13 May, 2012 at 22:07 said:
Tricoloured Ribbon
A transfer embargo for starters
————–
If you think that will stand, you’re an optimist.
Suspended for a year on appeal.
Paul67
It was lovely in the South Stand during the game couldn’t believe how cold it was walking back round to the bus.
Not a day for a lady of 108! Hopefully Clare enjoyed her big day out and the Hooper show.
So the last two owners of Rangers Green & Whyte – classic.
maybe im getting deaf ,
Suspended for a year on appeal.
————————
Thing is, a suspended sentence kicks is as soon as you reoffend. There is still the player registration thing to come.
If even I can stop worrying about their imminent salvation and return to glory, so can you. Untwist yer knickers and enjoy the moment.
I didn’t say the transfer embargo WOULD be in place. I only said it would stop them signing players.
Hoops_Neil_Lennon_diditagain, correct. This doesn’t make sense. There is lots of this story we don’t know yet.
My guess is wee Craig did well for himself before signing off for £2.
jackie mac, you’re very welcome.
EKBhoy, yes, looks like things will run onto next week at least.
ernie lynch, the lack of mention of the floating charge is the key piece of information. If only there was a journalist with access to Charles Green……
SwanseaBhoy, today’s news is unquestionably good news.
Rangers remain outwith the control of anyone with a claim as a Rangers fan.
The new owner arrives without claims of having serious money – and he would claim if he had any.
.They dream of a CVA. I suspect different.
There is just a whiff that they don’t know what is about to land the week after next.
Tricoloured Ribbon: forget a CVA, with Newco they need to sign a squad full of players, no European income for three years, debt repayment on purchase price on top of limited domestic income. No retail outlets either.
This is the positive side of the story for them. They’re finished.
Kevtic, it was great to see Clare on the big screens. Hope she’s back next season.
what is the craic with sky and the sound?
im watching here again and the place is dead when we come to lift the trophy
oglach on 13 May, 2012 at 22:10 said:
Yes we were, the main stand even joined in at one point, brilliant.
Pretty great day !
Amazing 5 goal hero in Hooper,an all round great team performance and
Neil Lennon and the team looking like they were savouring the moment.
Celticrollercoaster it was great to meet you – thanks for waiting for me –
I really appreciate it!!.
Today’s linesman
Tom Murphy
PFyr,
Not until they are officially in the proverbial midden will I rejoice.
Haven’t read the article!! Don’t really care!!
What a day!!!
Just back in Dublin now at the ‘in-laws’ for a stopover before carrying on home to Roscommon tomorrow!! it’s been a long day but well worth it.
My 9 year old bhoy got his favourite player’s name and number on the back of his jersey in the club shop before kick off !!
‘Hooper 88’
And how he cheered as each of super hooper’s FIVE goals rattled in
A special Hail Hail to celticrollercoaster and ticktock good meeting up with you guys today and good to be proudly wearing the cqn badge
Ah….this is all some backroom ludge old boys network desperate act to ‘save’ the establishment disgrace. Same old,same old….yawn.
Dodo FC. is a goner.
HH!
Paul67
“There is just a whiff that they don’t know what is about to land the week after next.”
I assume you are refering to Marc Daly.
If you are not……wonder what else will come crawling out of the sewer ???
Re Sky coverage – the opening to the programme makes me cringe – i mean the killie pie man -!!!!
coorslad on 13 May, 2012 at 21:29 said: paul67,thanks for another season of telling it as it is..love it.. Folks,our club Derry no1,took 25 children from the Brandywell area of the city to paradise today..My brother is leading the group,and by his reports they have had the best day off their lives….now their sailing this evening out of troon has been cancelled,so they are stuck in Cairnryan until 11.30 tonight…poor we critters wont be home until the middle of the night…but they are rocking..
Were they at Glasgow Central about 4ish today ?
dixiebhoy69 on 13 May, 2012 at 22:11 said:
Doc is Neil Lennon on 13 May, 2012 at 22:15 said:
====
Thanks Bhoys. It sounded fecking brilliant. That was the raspberry topping of the jelly and ice cream.