Follow the money. £500k teaser

1406

I’ve been sent a brain teaser.  What legal reasons would someone have to discretely pay another individual £500k?  The people are not currently in business together, although the recipient previously worked for the sender.  No goods have been provided.

It’s a puzzle.

Looking for legal reasons only, no crazy illegal notions or wild speculation about real persons, this is purely a theoretical exercise.

Apparently I’m being sent a moral dilemma tomorrow: Will the recipient, with off-shore accounts but living in interesting times, declare the £500k?

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  1. The Singing Detective on

    Petec.

     

     

    No,I have not heard of Kojo’s latest book recommendo..

     

     

    However,I do recall him mentioning the latest book by Pat Buchanan.

     

     

    Has caused a bit of a firestorm which

     

    resulted in him losing his regular slot as a pundit on the uber-unwashed leftie news channel MSNBC…

     

     

    God Bless The Evangelicals…our canaries in the coal mine….

     

     

    ‘Course they’ll upset folk like SFTB….

     

    Move along ,nothing to see here… There ain’t no Elephant here,sonny !

     

     

    Anyhow,Sweet Dreams

  2. the day America falls is the day the World is enslaved.

     

     

    America falls – how, or to who?

     

     

    then the banking cartel can be destroyed once again for a time.

     

     

    again? Not sure it’s ever been destroyed. Au contraire, it almost immolated itself and was dragged from the fire, and now knows it will always be saved and protected, no matter what mistakes it repeats.

     

     

    But as long as the news talks about Steven Hester’s unpaid £2m bonus, nobody will notice how many £BN Ally Darling, Gordon Brown, Mervyn King, subsequently sunk into the corpse whose chest he is pummelling.

     

     

    [And as long as the news talks about the dreadful deeds perpetrated by Craig Whyte, nobody will notice the theft/subterfuge/deliberate ignorance/useful idiocy perpetrated by how Gordon Smith, Mark Hateley, David Murray, Walter Smith, Paul Murray, Alistair Johnston, etc etc…

     

     

    I don’t know or fully understand the workings of the FTT but I hope to God it names names.]

  3. Chick Young on Radio Scotland on Thursday night – “I had my suspicions about Craig Whyte from day one.”

     

     

    Aye right wee man.

     

     

    Have these people no shame?

  4. San Diego Bhoy –

     

     

    Are you perhaps confusing Ellis with King?

     

     

    I think it is King who is embroiled in a big tax case in South Africa, rather than Ellis.

  5. You are right Tom, my brain is addled with all the various declarations of innocence and ignorance going on. You’re last comment by Chick a case in point. And Hateley is lecturing us about gloating…

  6. While I’m midrant, see the fkng gall of Sir Valter of Schmidt to even comment on what’s ahppening, as if he’s an innocent bystander.

     

     

    What is his his story?

     

    “We signed Kyle Lafferty, Steven Davis, Nikica Jelavic, Maurice Edu, Carlos Bocanegra, Pedro Mendes, Madjid Bougherra…etc” totalling £30m.

     

     

    Where did you think that £30mil came from Walter [ never mid what wages these guys were paid]? SPL prize money? The now bankrupt Setanta? The tills from Tesco Extra shops in Manchester? The bottomless fund of the Hutton-to-Spurs transfer?

     

     

    And why am I asking these questions, and not the useful idiots who are giving the Beloved Cardigan space in a paper?????? These morons are congratulating themselves for piggybacking on someone else’s (RTC and contributors to that site) research, and discarding that someone else’s work so they can blame a handy villain for all that has gone wrong with a club in the SPL.

     

     

    One is entitled to wonder if the quality of investigative journalism would be different for any other club in the SPL.

     

     

    God forbid, one might welcome the arrival of a new Sunday paper if only because it might spark some competition…what’s that? It’s the same journalists as do the weekday edition? Doing unpaid overtime? If only the poor over-worked souls had time to read the faxed-in PR releases from Paul Murray and David King and all the other white (NOT Whyte) knights (on white horses no doubt).

  7. Whyte lawyers in £9m fight

     

     

     

    Senior News Reporter

     

    ADMINISTRATORS seeking cash to keep Rangers alive are concerned they cannot gain access to £9.4 million in funds because they feel Craig Whyte’s solicitors are not co-operating.

     

     

    MARTIN WILLIAMS The Herald

     

     

    The club’s administrators have also warned they could resort to legal action if there continues to be a lack of transparency over the client account used to facilitate Whyte’s takeover.

     

     

    Administrators Duff and Phelps have been demanding answers after Whyte finally admitted he sold three years of future season tickets to Ticketus to raise the funds to secure the deal to buy Rangers. Whyte had previously said he had funded the deal.

     

     

    The threat of legal action against Whyte’s lawyers came as Rangers director Andrew Ellis claimed he had been “duped” over how Whyte came up with the £24.4m he needed to complete the deal to buy Rangers from Sir David Murray.

     

     

    Sir David met Rangers administrators in Edinburgh yesterday as they continue to try to unravel how the club became insolvent. A spokesman for Murray International Holdings (MIH) said they had “absolutely no knowledge of the Ticketus arrangements until very recently”.

     

     

    A source close to Duff and Phelps, who admit finding income to keep the club going is “a challenge”, said Whyte’s lawyers were “fighting like terriers” over the funds.

     

     

    The administrators are working on the assumption that, as Mr Whyte used £18m of the season-ticket cash to pay the Scottish champions’ debt to Lloyds Banking Group, there should be £6.4m more available to the club.

     

     

    There is also understood to be a further £3m deposited in the account with the lawyers, Collyer Bristow, as part of the purchase deal.

     

     

    It is understood the Collyer Bristow account was used by Whyte to show Sir David he had the working capital to take the Ibrox club forward.

     

     

    The source said: “They [Collyer Bristow] are fighting like terriers and have quite a lot of questions to answer. Let’s put it this way, they are not being the most helpful.

     

     

    “We are trying to find out exactly how much is in the client account.

     

     

    “In theory it should be around £9m and the administrators are working on the premise the money is there.

     

     

    “If they are not forthcoming with the information we require then there will be no issue but to look into legal action.

     

     

    “We have to work out where the hell the money is, where the hell the income is and try to clear up who the creditors are, who is owed money and who has got money.”

     

     

    Another source close to the administrators said: “The process is like trying to pin down jelly.”

     

     

    Supporters angry about the financial state of the club have inundated the Solicitors’ Regulation Authority with complaints about the conduct of Collyer Bristow and Gary Withey, a solicitor with the firm and the club’s company secretary. Mr Withey was named as one of The Lawyer magazine’s Hot 100 Lawyers for 2010.

     

     

    Last weekend Collyer Bristow was revealed as the source of “new information” which is said to have led to “some visibility” of the Ticketus deal. But that was before Whyte admitted using the season tickets to pay off the debt.

     

     

    Paul Newhall, of Collyer Bristow, said yesterday: “I can say that we are categorically co-operating in full with the requests that have been made by the administrators. That has been our stance from the beginning and continues to be so and we are in close contact with them. That’s really all we can say at this point.”

     

     

    Asked if the firm would be sharing with the administrators how much was in the client account, he said: “I cannot go into specific detail with you.”

     

     

    The new twist came as police said they were still examining information provided by the administrators relating to the takeover of the club and its running by Whyte. A decision will then be made on whether to launch a formal criminal investigation.

     

    In other developments yesterday, former club director Paul Murray met administrators to discuss his “Blue Knights” initiative to take control of the club.

     

     

    The saverangers.com campaign launched by the side’s three main supporters’ groups said they had managed to receive nearly £9m in pledges in less than 48 hours, and dismissed fears many of the pledges were not genuine.

  8. Kitalba: From the Herald article…

     

     

    Another source close to the administrators said: “The process is like trying to pin down jelly.”

     

     

    Ha Ha Ha…..

     

    Tims have been ahead of the curve on this for so so so long now….

  9. Kitalba- Great clips there, thanks duly bookmarked.

     

     

    On reviewing Newsnow Celtic compared with Newsnow R*ngers, the Celtic page has tumbleweeds blowing across it compared with all the other lot. Lenny must be loving all the non-attention.

  10. HOW EARLY MEMORIES SHAPE THE MINDSET

     

     

    I was a boy of 12 when I had my first encounter with religious bigotry. I was fitba-crazy. I played all day, from dawn till dusk. It was a Friday evening and I was kicking a ball against a dyke. It was a ragged and worn tennis ball. I had years before read a book by Charles Patrick Tully. He said the best way to hone ball skills was to practice with a tennis ball or something of a similar size.

     

     

    Charlie wasn’t wrong. A few years later when I played for the school, I would practice with a tennis ball in the playground on the day, every chance I got, right up to the point of getting changed for the game. When I went onto the park, I found that the standard size ball seemed massive and very easy to control.

     

     

    On that Friday night, as I kicked the tennis ball repeatedly against the wall, a few lads were passing and asked me what team I supported. I knew enough to know they weren’t from my school, so I hedged my bets.

     

     

    “Motherwell,” I replied.

     

     

    “Who’s yer favourite Motherwell player?”

     

     

    “Willie Hunter,” I said, because he was the only Motherwell player whose name I could think of.

     

     

    They were apparently convinced, because they asked me if I wanted to play football. At the time I was waiting for my cousin to finish his paper round. I was staying at his house that night and it wasn’t my own area, but I never turned my back on a gemme-a-fitba, so off I went. We were playing a 7-a-side kickabout in a back green, using clothes poles as goals. I ran riot and nobody could get the ball off me. Jimmy Johnstone was my idol and I always tried to model my game on his. I would beat one guy and go back and beat him again, just like Jinky.

     

     

    The back green was surrounded by blocks of flats, 4 storeys high. There were a couple of older boys leaning out of a third floor window watching the game. I heard them compliment my play. One of them shouted, “Haw Da. C’moan see this wee guy. He’s jist like wee Willie Henderson.”

     

     

    The Da duly arrived and had a gander.

     

     

    “Willie Henderson ma bliddy arse,” he shouted. “That’s John McLaughlin’s boay. He’s a wee fenian bastard so he is.”

     

     

    That was the end of the game for me as I was quickly run out of town, so to speak. I even left my tennis ball behind.

     

     

    When I was 10, I walked to the shop to buy all that day’s papers. It was the morning after the assassination of John F Kennedy. The elderly couple behind the counter were engaged in serious discussion with a handful of customers, all shaking their heads and talking about the terrible news from Dallas. There was a man in the shop too. He was in his working clothes and he picked up a Daily Record, put his money on the counter and as he walked out, stopped long enough to tell everyone, “Wan less Pape in the world!”

     

     

    When I got home I had to ask my father what the man meant.

     

     

    I attended Our Lady’s High School in Motherwell. At the time it was a very old building which was actually condemned, despite the fact that it housed in excess of 700 boys. A few weeks into my 6 years in that ancient building, some renovation work was being done and a few classrooms were out of commission for a week. Immediately next door – in fact literally over the wall, was Glencairn Primary School. The Education Authority spoke to both schools and it was agreed that pupils, including myself, would be accommodated in a couple of the unused Glencairn PS classrooms until the repairs were completed.

     

     

    On the Monday morning we duly arrived and were ushered the 50 yards or so to our temporary classrooms. The Glencairn children regarded us with bemused interest, but really there was no contact with them and all went well. On Tuesday morning, we were faced with a picket line of parents of the Primary children – and a good few who had no connection with the school – demanding that the High School boys be barred from entering the Primary School. The police were involved and the headmasters of both schools were at pains to reassure the protesters that their children were perfectly safe. I saw placards along the lines of “No Papes in Our Schools” and “No Catholics in Glencairn”. In the end we were sent back to our own school and had to study in the playground. The protesters, having won the day, went on their way, but a few of them passed our school gates and I heard a few gloating comments about “fenian this” and “fenian that”.

     

     

    That is why, when I hear people blaming Catholic schools for sectarianism, I always argue that the second Catholic schools are banned, there will be parents complaining about their Protestant kids having to share a classroom with “these Papes”.

     

    One Scotland, one culture.

     

    Aye right!

  11. Celtic will go into the 3rd Qualifying Round of the Champions League next season. It won’t be as difficult as in previous seasons, beacuse we will be in the Champions side of the draw.

     

     

    Motherwell will also enter at the same stage, but in the more difficult non-Champions section.

     

     

    If Celtic get through that, they will be in the 4th (and final) Qualifying Round – or Play-Off at is it known – again in the easier Champions part of the Round.

     

     

    Can’t wait.

  12. San Diego Bhoy –

     

     

    I fancy us to make the Group Stages, and with a bit of luck in the draw, who knows?

     

     

    Looking at some of the teams who have gone on to the last 16 this season is encouraging.

  13. Tom-

     

     

    I don’t many of the first team leaving in the summer. Maybe one, or two at most. Lenny is already on record as saying he wants to buy a few more experienced heads. I’d like to see a playmaker coming in, but that might be beyond our budget. Trust in Lenny, he has hardly put a foot wrong yet.

  14. I know we all enjoy what is happening at Ibrox just now, and rightly so, but in all honesty, I think it is completely disgusting what Whyte has done in selling the Arsenal shares, and utterly criminal that he has not even put the proceeds into the club.

     

     

    Any Rangers man who still supports him after that is not fit to call himself a Rangers fan.

     

     

    Can you imagine someone coming into Celtic and selling off the Coronation Cup or the Empire Exhibition Trophy?

     

     

    Not a great comparison perhaps, but the closest I can think of.

  15. San Diego Bhoy –

     

     

    Lenny tried to get Jordan Rhodes on loan in January with an option to buy in the summer, but Huddersfield wouldn’t budge. I can see Hooper maybe moving on with Rhodes coming in.

     

     

    Of the others, Kayal might also be sold if the price is right, with another more experiencede replacement coming in.

     

     

    Other than that, I hope there are no more exits, apart from those deemed surplus to requirements, like Mark Wilson, Juarez, Bangura and McCourt.

  16. It’s late Saturday afternoon here on a dreich and rain-drenched Gold Coast. It’s been raining non-stop for over 24 hours.

     

     

    As a result, I am sitting here on CQN, in between watching the videos posted by kitalba.

     

     

    No TV coverage of the game tonight, so it will be Celtic TV again for me.

     

     

    Should be a good game and a bit tougher than recent outings.

     

     

    I’ll go for 3-1 Celtic.

     

     

    23 points and counting.

  17. Tom-

     

     

    I would imagine Rhodes and Hooper would be close to a straight swop in terms of value, with us coming out maybe a bit ahead. Who knows though, Hooper may fancy a crack at the Champs League and who could blame the lad? He does seem to be playing for the jersey now and if not scoring is working his socks off in link up play.

     

     

    Well, off to my scratcher and then up again early for the game. No predictions from me, a superstitious legacy from a charming, but canny Cavan grandmother…

  18. I was looking at this picture of the Celtic youth coaches and was interested to see a couple of Asians and an African amongst them. Then I noticed the Sikh with the yellow top up the back. It was not until I read the article that I realised it was Big Sammi in a hat.

     

     

    Hail Hail

  19. CQN Saturday Naps Competition

     

     

    Lads, for those who are in the CQN Saturday Naps competition, please go back and post your selection on the previous article :

     

    (“Sanctimonious nonsense about Celtic fans from ex-Ranger”)

     

     

    Alternatively, if you cannot access the previous article for any reason, then you can send me an email message with your selection to : fleagle1888 at yahoo.co.uk

     

     

    All the best, fleagle1888

  20. CQN Saturday Naps Competition – Week 28 Standings

     

     

    +£10.58 bobbymurdoch’s winklepickers (7)

     

    +£10.25 Cathal (7)

     

    +£ 5.00 voguepunter (3)

     

    +£ 3.83 fleagle1888 (5)

     

    +£ 1.55 Rockon (8)

     

    -£ 2.25 What is the Stars (4)

     

    -£ 5.00 wolfetonebhoy (4)

     

    -£ 5.50 twists n turns (3)

     

    -£ 7.75 Eurochamps67 (5)

     

    -£ 8.00 Raymac (3)

     

    -£11.70 Som mes que un club (2)

     

    -£15.00 Che (2)

     

    -£15.25 BULL67 (2)

     

    -£18.00 tommytwisttommyturns (1)

     

    -£18.50 hunza rugli (2)

     

    -£19.50 PFayr (2)

     

    -£28.00 oldtim

     

    -£28.00 The Token Tim

     

     

    Cheers, fleagle1888

  21. northbhoy ... \o/ on

    Nakagod says:

     

    25 February, 2012 at 01:45

     

    Well written Naka, from the heart.

     

    Tom McLaughlin says:

     

    25 February, 2012 at 04:05

     

    HOW EARLY MEMORIES SHAPE THE MINDSET

     

     

    I have a different experience, I choose to suppress or make normal my early experiences of being treated differently because I was a Catholic. Brought up in Glasgow I could not really make sense of why our new neighbours looked down on us when we moved to a relatively better corporation house and the neighbours would not speak to us as we were Catholic. My poor mother must have really suffered when there was so much cold shoulder given to her by her immediate neighbours, strong though she was. Brought up there and attending local schools it was not until I got heavily involved in a Glasgow wide club for kids that I met others of other religions and backgrounds that led me to believe that we could share a common interest and have a good time.

     

     

    I recall correcting ma faither and telling him times had changed, what naivety, professionally qualified and then in my mid forties here it was staring me in the face, bigotry and insults from fellow professionals, from new neighbours, couthy honest (!) people, open people in lots of other ways, overheard saying ‘aye he’s one of them’. The hidden shame of Scotland, revealed to the public by James McMillan etc, was a real relief for me as I thought it must be me. So schadenfreude needs no explanation from me.

     

     

    Thank God for the Celtic way and the openness of being one of the Celtic family.

     

    C’mon the Celtic,

     

    Hail Hail

  22. northbhoy –

     

     

    When I lived in Edinburgh, I attended a business meeting in Charlotte Square. I was no business man, I hasten to add. My involvement was purely as an IT Professional.

     

     

    One of the businessmen in attendance was George Foulson, at the time Chairman of Falkirk FC.

     

     

    After the business formalities, drinks were distributed. There was a copious supply of wines and beers. After a while, Foulson and a couple of others were getting a bit loud and the topic of conversation had veered towards Scottish “traditions” for want of a better word.

     

     

    The guy I was there with, a director of the company I work for, spoke up and mentioned the fact that we were in “mixed company”.

     

     

    Foulson turned towards me and looked me straight in the eye and said, “You know what my problem is son? I hate Jacobites.”

     

     

    There you have it.

  23. I am not feeling too well this morning. It is either excessive alcohol last night, or I have a Schadenfruede overdose.

     

     

    Comical Ally says “this is worse than I thought”. I’d love to know what he originally thought. They hadn’t paid the paper delivery boy? A month behind on the laundry bill? No Ally, it is still the taxman. Hector is outside the door of the big hoose, and that man it seems “is not for turning”.

     

     

    Which all goes to remind me. When newco emerges (and I see ra peepil are saying Newco should retain oldco’s history meaning already they are planning to start where they left off, i.e. cheating and with tainted titles), what about naming the old Ibroke as…….Hector’s Hoose?

  24. ……and I hope Celtic do not pay the ticket money for our impending match at Hectors Hoose up front. Pay as you play Celtic!

  25. Kit

     

    nice video. That’s me had reaching for my Schednfruede antidotes already! I must stay in control of it…..

  26. northbhoy ... \o/ on

    too early in a lovely game day Saturday mornin to let my blood begin to boil, the Schadenfreude is helping me keep it cool. When I think of the times when so many young men have been put at a disadvantage by these peeepil it makes me shudder. Last seasons cheating referee debacle and the attacks on Celtic led me to a new understanding, I can now look them in the eye and know them for what they are, ignorant and slavish. This season just puts the Chapeau on it. Aye Jacobites ya ignorant gette !

     

     

    Wot you think, Stokes or Sammi, will be a tought test with our new jocular friend McCall !

     

     

    HH

  27. twists n turns –

     

     

    Even if fans of a Newco claim the previous history, let them get on with it.

     

     

    The fact is, we will always be the club that won the European Cup and they will forever be the club that went into administration/liquidation.

     

     

    Celtic went close to liquidation, but due to bad financial management, rather than cheating the taxpayer and leaving other clubs out of pocket.

     

     

    Also, I would guarantee that if Celtic were in their position right now, the supporters would demand that the club pays its debts before moving on, even if liquidated.

     

     

    Rangers supporters seem to just want it all to go away and their club to come out the other end debt free, and sod everyone else.

     

     

    It’s the different cultures behind the different supports.

     

     

    Take from that what you will.

  28. macjay1 for Neil Lennon on

    north and Tom

     

     

    Your descriptions of your experiences used to infuriate me.

     

    I now feel great relief that my kids have been brought up in a country other than Scotland.

     

    Having said that,it would be unfair to stereotype Scots as if this behaviour were typical.

     

    There was a time when this sectarian attitude was endemic and at every level.

     

    A professor of chemistry at Glasgow Uni many years ago,said to a Catholic friend of mine who had an obviously Irish name :

     

    ” I don`t care if your name is Father O`Flaherty.”

     

     

    Nice one prof.

  29. There’s a guy in my office who is a big Man City fan. Martin is his name.

     

     

    Martin plays football on a regular basis. A while ago he told me that in his team are a couple of Rangers supporters from Glasgow, right down to the tattoos and all.

     

     

    After a while, he was telling me how these two guys were telling him that Rangers were “the most successful club in the world”.

     

     

    He was laughing at this and I joined in. I told him we Celtic fans had this stuffed down our throats over the years.

     

     

    Martin was aware of Rangers financial problems, mainly through me. Every time he asked them about it, they told him it was a “Timmy conspiracy”.

     

     

    I spoke to Martin yesterday for the first time since they went into Administration. We were discussing the probability of liquidation and he said, “Does that mean they’ll have to stop claiming to be the most successful club in world football?”

     

     

    Oh how we laughed.

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