Georgios, Fraser, the deeds and Whyte broadly true

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Enormous congratulations to Georgios Samaras, Celtic’s Player of the Year, 2012-13. Scoring in five consecutive Champions League away games this season was a remarkable feat.  His last minute winner in Moscow was a seismic moment in our progress in that tournament.  Georgios is a player who thrives on positive reinforcement but endures negative sentiment without hiding.  No wonder all his managers have valued him so highly.

I was also delighted Fraser Forster won the Players’ Player of the Year award.  His performances against Barcelona were nothing short of incredible.  It should surprise no one that Victor Wanyama and Kelvin Wilson received a large number of votes for the Players’ Player award.  Kelvin will play for England if he continues to perform at the level he has this year.  Victor was a genuine contender for all awards, including goal of the year, but was honoured only as the Young Player of the Year, reminding us all that his is gifted beyond his years.

I was referred in the direction of yesterday’s Sunday Mail online story about Rangers International FC’s finance director, Brian Stockbridge, showing a reporter the “deeds”, made eloquently famous by John Brown. Stockbridge used the deeds of Ibrox, Murray Park and the Albion car park to “prove Craig Whyte is on a loser”.

Craig Whyte’s current actions against the newco club and his report to the Serious Fraud Office are based on the belief that RIFC inappropriately took possession of Rangers assets, including Ibrox, when the club were liquidated last year.  Proving RIFC have the deeds is no defence against Whyte’s claims, in fact, this merely establishes the premise of his point.

Despite discussing these matters with a reporter Mr Stockbridge made no comment on how Sevco Scotland Ltd (since renamed as The Rangers Football Club Ltd), acquired the entitlement to the assets which Sevco 5088 Ltd had an irrevocable agreement to buy after paying an exclusivity fee.

This interview contrasted with Scotland on Sunday’s interview with former oldco Rangers director, Paul Murray, who without a whiff of irony said, “Whoever is involved going forward has to look after the club’s interests first and their own interests second.  You are a custodian of the assets and you’re passing it through the generations. That’s your role.”

Well done as a custodian, Mr Murray.  I wouldn’t let you be custodian to corner flag (memories of Dougal from Fr Ted on corner flag-watching duty).  He also suggests the club “should also get back to some of the values that were there under Bill Struth and William Wilton”.  “Some of the values”, do you think he means that most distinct value?  I’ll give him the benefit of the doubt, but why on earth could he not chose an inspiring custodian from a period when oldco was not blighted by their controversial employment policy?  There must be someone.  Surely?

Murray does, however, nail several issues in his interview.  “You have Charles Green who said he had no involvement with Craig Whyte and that was patently not correct.

“The problem is that when you get found out on these things you then start to question other things. And one of the most important things in all of this is the SFA. The SFA sought very direct and specific assurances that Whyte was not involved and Charles Green gave them those assurances and I’m not sure that was actually correct.

“If Charles Green had a set of documents that proved that Whyte is lying then this thing would have been put to bed in two minutes, but it was then discovered that what Whyte was saying was broadly true.

“I’m not saying he does, but say Whyte owns the assets but on the other side he’s just lost a multi-million pound claim to Ticketus. Are we saying that Ticketus would then own the assets by default? And if they own the assets they’ll want to be paid in order to give the assets back to Rangers, but how will the club do that bearing in mind that it had an IPO [Initial Public Offering of shares] that is potentially not valid?

“It was then discovered that what Whyte was saying was broadly true” is perhaps the most significant understatement I’ve heard in years.  The moment Pinsent Masons report will be a watershed.
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  1. Hamiltontim,

     

     

    I only heard some of the game on the radio, en route to Glasgow Airport from Edinburgh, plus about ten minutes mid way through the second half on the telly in the airport, so have no valid opinion on any players contribution.

     

     

    I was commenting on general terms re post title games.

     

     

    It will be interesting if GH gets an early holiday.

     

     

    If not, then he is definitely gone.

  2. The Moon Bhoys on

    OGR – well taken!

     

     

    From STV…

     

     

    Scottish Premier League clubs have failed to reach consensus over league reconstruction after their latest meeting at Hampden.

     

     

    The 12 top flight clubs had gathered at the national stadium to examine plans for change just two weeks after a package of proposals were rejected after failing to get the required votes.

     

     

    After a meeting that lasted several hours, the clubs did not make a decision on plans for next season, though a meeting is planned for early May in which playoffs will be considered.

     

     

    First Division clubs in particular have been keen on seeing a playoff system introduced that would potentially see an extra promotion place for SFL sides. The exact format of the playoffs is still open to discussion but is still thought to be a realistic possibility for introduction next season.

     

     

    Ross County chairman Roy MacGregor had said prior to the meeting that he felt there was a willingness from all clubs to accept change and to find a way to agree to developments to re-invigorate the leagues.

     

     

    “Time will tell,” MacGregor said.. ”I think we need to find something to excite the fans and if we couldn’t find it in the league reconstruction then time will tell.

     

     

    “I think the single league body, all the clubs are for that. Redistribution is a must, all the clubs are for that.

     

     

    “I think if there was something that would excite the fans and everyone could buy into then every club would be for it.”

  3. O.G.Rafferty

     

     

    15:25 on 29 April, 2013

     

     

    ‘Not sure exactly when it will start coming out but next few days could be interesting.’

     

     

    #####

     

     

     

    O.G.Rafferty

     

     

    15:36 on 29 April, 2013

     

     

     

    ‘This week. So much stuff to wade through…’

     

     

     

    ############

     

     

     

    You sound like Jabba’s proctologist.

  4. O.G. Rafferty could it be this?

     

     

     

    Gortcho Mhor ‏@gortchomhor 4m @Pmacgiollabhain @Paulmcc12 Something weird going on with London Stock Exchange, have their shares been suspended? No sales since 11.35am?

     

     

     

    Phil MacGiollaBhain Phil MacGiollaBhain ‏@Pmacgiollabhain 2m@gortchomhor @Paulmcc12 If shares were suspended then there would be an announcement.

     

     

    HH

     

    /Bishop B

  5. o.g rafferty

     

     

    how things my good mhan..still got than grin from sat.evening..infact its just expanded by two feet!! looking forward to the humble accolades you are about to receive..h.h

  6. weeminger

     

     

    15:40 on 29 April, 2013

     

     

    You forgot this bit of my post.

     

     

    ‘If’.

  7. !!Bada Bing!! on

    Part of the reasoning Bummer Broon got the Dundee job was to try and get a few more points closer to Hearts ,as the word was they would be in Administration and be deducted points,and hopefully relegated.

  8. Mort

     

    15:20 on

     

    29 April, 2013

     

    GlassTwoThirdsFull

     

     

    Well off course not. Never before in the history of football has anyone attempted the old switcheroo that Rangers attempted and to be successful a compliant media changing definitions of what a football club is was needed.

     

     

    If we lived in orwell’s 1984 there would be no mention of administration or liquidation in any written records and we would be expected to believe they didn’t die at all.

     

     

    Mort

     

    =====================

     

    If you read my post of 15:38 to Tommysbhoy, although it was about licensing it also shows in UEFA rules extract how the SFA deviated from the UEFA licensing standard when they entered the 5 way agreement and exactly how UEFA define and view a club and company as being the same. That the SFA chose to ignore the UEFA standard and the principles they support makes them unfot for purpose. That UEFA have stood back and said nothing makes them just as bad.

  9. Len Brennan, 15:44

     

    Yes, I saw that. Not sure what that’s about but let’s put it this way – none of these things are unlinked

  10. when will people finally accept that the spin will alway’s be it was not the club’s fault,

     

    that this club even in it’s new suit has been the victim in all of this farce, why punish the

     

    victim, you get it or do i have to repeat it? now your getting it.

  11. With all the talk of cup final tickets, haven’t been to a cup match for years so don’t be disappointed at not receiving tickets. Has anybody watched any games in the Dominican Republic? Son will be on holiday at time of cup final and looking for a pub to watch game. Nothing listed on celticbars.com.

     

    Any info greatly appreciated.

  12. Len Brennan

     

    15:44 on

     

    29 April, 2013

     

     

    The volume of their shares traded is so low, that big gaps between trades is not uncommon. On Friday there were only 5 trades in total and none after 10.52

  13. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Last night I had the great pleasure of a blether with some genuine Celtic legends.

     

     

    Such as Neil Lennon,Johann Mjalllby,Celticrollercoaster,wife and father,Mr and Mrs Paul67,Smashing milk bottles,31003and Emusorphan.

     

     

    all as you might expect were a delight.

     

     

    Added to Saturday,I’ve had a fantastic weekend with grateful thanks to all who made it so.

     

     

    I am now back in the eve-loving arms of my Mum,and my liver is packed away till Saturday….

     

     

    HH&KTF

  14. The Moon Bhoys on

    Live on SS1 tonite – Paulo Di Canio Versus Paul Lambert – winner takes all – that’ll be worth watching.

  15. Sorry if this has been covered but is tonight’s victory over Sevco being shown on TV at all?

  16. GlassTwoThirdsFull on

    danso_1888 15:52

     

    Yep, that’s about it. And remember – the 2007-08 season WASN’T extended!

  17. O.G.Rafferty

     

    Ohhhhhhhhhhhhhhhh

     

    and from earlier :))

     

     

     

    alex thomson‏@alextomo3h

     

    Imran Ahmad’s mobile has been disconnected – funny that.

  18. The Battered Bunnet on

    From what I can gather, most shares in RIFC plc are restricted from open trading just now.

     

     

    A chunk of shares were provided as Equity Swaps to Green and his original investors. Part of the conditions attaching are restrictions and time based lock ins regarding onwards sale. For example, Green is not permitted to dump his stock for 12 months following the IPO. Others wil be in the same or similar position.

     

     

    The second chunk, the Placed shares – those assigned to or subscribed by the so-called Institutional Investors – remain something of a mystery. There is doubt that the company has recieved the full IPO price for these shares, and there is doubt as to any conditions attaching to them. If they were offered at a discount to the float price it is highly likely that there will be restrictions on disposal. It is possible in fact that they are not fully paid up, and indeed that the value to be paid will be determined by the market price at a given point in time in the future. Until that time is reached, the shares cannot be traded as their value/liability is unknown.

     

     

    The final chunk of shares – those subscribed to and fully paid per the offer, are the only ones available to trade without restriction. These represent only 14% of the total share capital, and are owned in small holdings by many individual subscribers.

     

     

    It is possible that because only 14% of the shares are available to trade, that the liability of the club to investors in the face of their current governance challenges is limited to this extent.

     

     

    Who knows. Fact is, the volume of shares traded is so low on a given day to be negligible, largely because so little of the shares in issue are free to trade. Only when all options/conditions have crystalised will the true market value of the shares become apparent, and indeed, the true value generated by the IPO.

  19. Allyhuntersgloves on

    Tinytim I got a letter this morning telling me I had a ticket, I understand that is how celtic are communicating cup final ticket info, for info I didn’t attend a huge amount of away games ( 6 or 7 ) but did go to all Scottish cup games and my son and I got tickets

  20. Leftclick

     

    Wouldn’t read too much into that, it’ll be non payment of mobile phone bill due to administrative error. :-)

  21. The Battered Bunnet

     

    16:10 on

     

    29 April, 2013

     

     

    I think you’re on the ball here. I think the liquidity of the stock has gone through the floor, with sells outranking buys by several levels of magnitude since launch. It’s probably very hard to sell right now.

  22. leftclicktic, 16:05

     

    Wonder if Mr Ahmad will be in the news this week?

     

    I wonder if he will be the only one?

     

    Tick.

     

    Tock.

  23. The Battered Bunnet on

    Data for the above post provided by SOAL, with additional information from George Levein.

  24. The Battered Bunnet on

    Weeminger, I’ll take your word for it. It’s more your game than mine.

     

     

    TBB

  25. weeminger @ 16:15

     

     

    Won’t be hard to sell the shares at all. The price just needs to be right. The market makers must offer a price for shares up to a quantity of 5000. The market makers are obliged to continually quote bid and offer prices for trades up to the Exchange Market Size, which in the sevco case is 5000 shares.

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