This afternoon’s statement from Octopus Investments was very professionally written piece. It was designed to give investors a sense that the business has taken appropriate steps to secure money spent with Rangers.
For a start, we now know their company, Ticketus, “purchased tickets for Glasgow Rangers games for a number of seasons”. This clarifies one matter, money received by Craig Whyte’s solicitors back in May last year was a straightforward purchase, not a loan, so VAT was applicable, and should have been declared and paid. We can assume this VAT was not paid, whether it was declared or not will determine future consequences.
Octopus explain their investments are “designed with capital preservation in mind”, with “appropriate security being available” and “extensive due diligence”.
A reasonable interpretation of this is that the company have sufficient security to ensure that they have rights to sell Rangers tickets for parts or all of the stadium in years to come, although, the company stop short of making a firm statement on what is, after all, a private commercial matter. They add that “no trading activity is risk free”, no one can assume there will be a Rangers in the future, and while their statement mentions Glasgow Rangers, it does not specifically mention a legal entity.
A floating charge exists over the stadium in Craig Whyte’s favour. This would see the stadium revert to Whyte in the event of the club being liquidated. Octopus may, or may not, have a claim on this floating charge.
Armed with this information, the administrators and Strathclyde Police will be keen to learn why none of the money for Rangers tickets went into the club. Perhaps more importantly for any potential phoenix, questions remain over exactly who owns what claims on the stadium.
There could be a lot of sentimental photos being taken at Ibrox tomorrow.
All levity aside, this club is enduring a seemingly unending trauma.
Fancy writing something for CQN Magazine? Drop me an email and let me know what you would like to write about before you get started, just in case someone else has the same angle covered: celticquicknews@gmail.com.
There was some incredible late night action on the eBay action for the signed Celtic top in aid of the Vanessa Riddle Appeal. I’m stunned, check out the link below. You are pushing the reputation of supporters of Celtic Football Club ever higher.
Bid and help send Vanessa for the treatment she needs by clicking here. Only one day left.
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Lennybhoy…Supporting Neil Lennon and CFC until I die says:
17 February, 2012 at 20:11
hamiltontim says:
17 February, 2012 at 20:04
You know that Coatbridge women are alright…unless I am wrong? Be careful before you answer and you know why…:)
Keep the Faith!
Hail Hail!
—————————————————————————-
I’ll answer when she takes her stilleto off my genitals!!
Ghuys…. I might be a wee bit inept, as I’m just getting the hang of this posting stuff.
This is my first post (as someone who swore never to get involved in football).
However……
Having become hooked over the last two years (being fascinated by my hubbie’s love of the Hoops), and reading this site from the sidelines, I felt it was time to throw my hat in the ring.
I have watched in awe, as countless MIB decisions went against Celtic (even as one new to fitba’. I could see the injustice).
I have watched since then, with huge interest….. and a lot of comments my grannie would have been mortified at!!!…….. and gradually began to see that Celtic were being disadvantaged time and time again!!!
And now – the politicians throwing their colours (mainly orange!) behind the R*C debacle……. I’m horrified. Just wanted to let this forum know that Celtic has my heart, and I’m furious at our “first” minister’s comments.
And before I get the usual question………..
No……
I’m NOT a hun
:-)
Jobo Baldie says:
17 February, 2012 at 20:15
Quiz tonight?
+++++
Yep, I’m quizmaster.
1. What is abudy’s favourite dessert?
2. How funny has this week been (multiple guess question):
A. Very
B. Completely
C. Single-fished underwear funny
D. All of the above
3. Gie’s a treble yell, aaight?
-pmcc
Any links to Lennys presser today ?
savio says:
17 February, 2012 at 19:36
Hearing rumours of some Czech’s being interested in the huns
anyone hear anything?
……………………………………………………
Yes I heard that today. Twins apparently -Dud and Bounced.
celticghirlanew says:
17 February, 2012 at 20:17
I’m NOT a hun
——-
“she doth protest too much methinks”
Welcome YA HUN
celticghirlanew says:
17 February, 2012 at 20:17
WELCOME……..where do you stay? :O)
Lest not forget the main villain and architect of the collapse of RFC
Enter stage left (soon) Sir David of Mutiple (phoney) Moonbeams
Moonbeams unambiguous fiver tenner brag metaphorically dumped a tractor load of spuds on CFC and that was thats a lot more than his fans could throw from the stands on any one day.
Karma or what goes around comes around credit crunch fast forward to 2012
Its increasingly looking like Moonbeams needed an escape route before the gorilla got loose and Whyte was the only offer in town
Someone may want to ask Sir David of Multiple (phoney) Moonbeams why he sold part of the fabric of Scottish society for a pound
celticghirlanew says:
17 February, 2012 at 20:17
Ghuys…. I might be a wee bit inept, as I’m just getting the hang of this posting stuff.
This is my first post (as someone who swore never to get involved in football).
However……
Having become hooked over the last two years (being fascinated by my hubbie’s love of the Hoops), and reading this site from the sidelines, I felt it was time to throw my hat in the ring.
I have watched in awe, as countless MIB decisions went against Celtic (even as one new to fitba’. I could see the injustice).
I have watched since then, with huge interest….. and a lot of comments my grannie would have been mortified at!!!…….. and gradually began to see that Celtic were being disadvantaged time and time again!!!
And now – the politicians throwing their colours (mainly orange!) behind the R*C debacle……. I’m horrified. Just wanted to let this forum know that Celtic has my heart, and I’m furious at our “first” minister’s comments.
And before I get the usual question………..
No……
I’m NOT a hun
:-)
+++++
Welcome hun(ny) ;-)
Paul67
In the Disney The Sword in the Stone Madame Mim says
: Sounds like someone’s sick. How lovely. I do hope it’s serious. Something dreadful.
Sums up my view on Rangers
celticghirlanew says:
17 February, 2012 at 20:17
I’m NOT a hun
Welcome ya hunness:0)
Uly – top class mate!
T4
oglach says:
17 February, 2012 at 20:13
Funny you say that, there will be 2 no newco there was a piece about some guy having the casting vote but why the hell is it even going to a 5 man panel .If the rules are in place they should be abided by .
IMO ragers in Div 3 has a lot less appeal to the real buyers in this scam ,SPL inclusion is a must .
Let’s see how far the powers that be will go to make it happen .
hail hail
Hamiltontim>>>>I’ll answer when she takes her stilleto off my genitals!!
They must teach that manoeuvre to all Coatbridge girls in their High Schools to show them how to get their way!
SPF
voguepunter says:
17 February, 2012 at 20:20
celticghirlanew says:
17 February, 2012 at 20:17
WELCOME……..where do you stay? :O)
———————————————-
Real laugh out loud moment!!! :-)))))))))))
THE EXILED TIM says:
17 February, 2012 at 20:18
Any links to Lennys presser today ?
+++++
Would like to see it again – was a beezer :-)
Cannae help but think of what he was alluding to when discussing the title.
oglach
I don’t protest!!!
But thanks for the welcome!!
:-)
voguepunter says:
17 February, 2012 at 20:20
celticghirlanew says:
17 February, 2012 at 20:17
WELCOME……..where do you stay? :O)
+++++
With her hubby.
tommytwiststommyturns
17 February, 2012 at 19:42
Its always been worth it,
thanks you made me realise just how long av been phoning
that made me fill up.
Ah wid take more time to thank more people individually because blanket thenks doesnt do service tae the way yir individual comments lift ma heart.
But am goin furra swally,
Torontony ah luv yae tel Gerry ah wis askin fur im,been working half ma week doon south on a regular basis will try an up ma contact wae yie,keep well al raise ma glass as usual n yil no be far fae ma thoughts.
Scotpatsfan
You’re mistaken, I asked her to do that :-))
sparkle
How warm climes ?
Summer high will do :>)
Can anyone cofirm that SSB tonight stated that the SPL have changed the rules to allow ragers re entry under a newco .
If so CELTIC FC have to issue a statement ASAP and contact UEFA .
hail hail
Dirty mac
Tim jim
awwww…. thanks!
LOL – it’s an initiation on here, isn’t it?
celticghirlanew says:
17 February, 2012 at 20:17
Welcome. If you are not a hun, are you a huness?
Jobo-there is a quiz tonight. Starts at the normal time and I am sure you will chafferon our 2 celticghirl posters into the Friday nite footie quiz.
HH
CRC
dirtymac
Aye, it was intriguing, he also said before that he would tell us what sally said as well when we win this league.
hamiltontim
In Scotland.
Oh dear oh dear this is perfectly timed
http://www.bbc.co.uk/sport/0/football/16943651
Portsmouth running out of cash, conflict of interest over their preferred administrators, failed to pay their taxes. How shocking.
Still theyre in better shape than the Govan Dodgers
Just in case any of you ghuys think I am
stalker.
I have been married to my lovely wife
for 30 years….so I am passed it.
Check you lot out!!
A new poster with an ‘h’ in their moniker appears and you’re all over her like wee Whytey at a wedding scramble!!! :-))
fergus slayed the blues
Keevins and co said they had been breifed by the spl regarding t any newco re entry, the the blod JD quoted the spl rule H5, Keevins was spewing.
As yet Celtic can’t say anything, they might exit admin :>))))))
celticrollercoaster
nooooooo – how many times do i have to go through this???
LOL – should I just give up and go back to my tapestry/ cross-stitch/ dusting?
Don’t even go there!!!! LOL
Hamiltontim
No worries!!!
I don’t regret anything I’ve said about them though. And their mothers! And their sisters! All nutters!!
SPF
Letters sent to Stewart Regan and Michael Platini, RE state intervention. I’d like to think everyone on here could sit down for 5 minutes and compose a letter to them.
I’d love to think I’ll get an answer, I’ll not hold my breath though.
Jeezo, I should proof read before I submit my posts.
dirtymac \o/ @19:46
Best I could do
http://memegenerator.net/instance/14786024
:-)
THE EXILED TIM says:
17 February, 2012 at 20:24
Summer? Around 30-ish. nearer 40 with a Terral :)
Does make me wonder how I did so many seasons in the wind and rain in Scotland.
VP at 20.2/
first time I have agreed with you on this site….
VP
‘Passed it’
I’ll remind you of those words.