So the day has come. Several of the alleged conspirators in the Great Football Swindle have arrived at the High Court in Edinburgh to face their charges.
It will be four years next week since I first asserted that Rangers would be liquidated, with all of the consequences that would entail. For the last two years I’ve tried to stay away from the subject and to concentrate on the matters which brought us together in the first place, but this issue deserves coverage.
In 2012 the illegal Discounted Options Scheme and Employee Benefit Trusts (only some of which are still subject to appeal) put HMRC in a position to demand payment, and subsequently reject administrators’ attempts to agree a CVA. Thank you, Sir David.
Charles Green must be a great poker player. He raised enough seed capital to buy the rights to pay £5.5 for Rangers assets in liquidation. From that moment, we thought one of two things would happen:
Green would pull Newco together and within a few years things would look like the old days.
Or, Green would be undermined by those he out-manoeuvred, leading to a likely insolvency for Newco.
There were suggestions early on that Green and Whyte were acting in concert, but, as someone with more experience than I have on matters like this pointed out to me, to be convicted for this type of crime you need to take a billboard advert out explaining your misdemeanours, it’s so difficult to prosecute. Or you need to be very stupid and fall out with your co-conspirators.
Stupidity is alive and well.
Green’s claim for legal fees against RIFC will have a profound impact on the club’s finances within weeks, but the bigger issue at hand is what happens at the outcome of the various criminal charges relating to the disposal and acquisition of the assets of Rangers Football Club, now in liquidation.
If it is proven that the assets were acquired criminally, the transaction is likely to be struck down, meaning the club currently trading as Rangers would lose ownership of whatever assets they have, including stadium and the name “Rangers”, irrespective of who actually controls those assets.
I’ve discussed this matter with many well-informed people and no one actually knows how it will play out, or what the consequences of guilty verdicts would be. The only thing that is known for sure is that outcomes are currently indeterminate, cannot be planned for, and contingencies cannot be made.
The club itself has to get on with business as best it can until whatever happens, happens, but no one should believe that a Duff and Phelps-type liquidation-bounce is normal, or remotely possible again. Assets could be hamstrung for years and left derelict.
Back in 2012 I said the only way forward with any certainty is to start with a clean sheet. Find a tiny club on the brink (there are enough of them), change their name, give them blue shirts, ask St Mirren or Partick Thistle to ground-share, and build your way up the leagues. Let the courts take their course and bid for the assets you want when the dust settles.
But that’s not going to happen. It would require more strategic thinking than is possible right now. My guess is they’re finished. Finished.
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GerryFae, JJHS and all,
Please do not rely too heavily on google translation, you have to take context into account when translating these things. My own translation…
Since the birth of Emilio Izaguirre there have been legions of ultimate games at Celtic, Jorge Luis Pinto is obliged to be the best juggler of all at the olympics ever Alvarado.
He left his girlfriend at Real Espana to join the national parachute army who were national and olympic champions but he went back when he had the tender new opportunity to be made up of two colours.
Emilio Izaguirre does not like the ultimate lesbian game and Celtic has the mandatory equipment to examine the comparison with your lesion, dividing each mile, not just with your friends.
Honduras does not just juggle with Guatemala youth approximately, since tampons are contrary with Jona Mejia, and that is why the Faithful consider it an error to use these as confectionery.
My own interpretation might be open to challenge as well though, I cannot give an absolute guarantee that this is exactly what was meant.
However,
Hail Hail,
KevinBhoy.
JJ
Cracking day for a game of golf, still a good walk wasted…..bi knew it was Spanish, just a pity I can hardly read English as I missed your “Google translation” part
Remember it’s a 12.00pm lick off so maybe 9 holes should do you !
.
LymmBhoy.. And Others..
Thanks for the Best wishes for My Wee Ghirl.. She is out and On the Mend has some Air in the Wound but She sounds great..
And told me to Stop Stressing.. Jeezo
I Told Her I will get Over finding out She got Her Appendix out on Instagram Hopefully by the Time she is Forty..【ツ】
Would Love to see Celtic destroy Well in the First Half like the Day Sammi ran riot and We went in 0-4 at Half Time..
Yip.. Leigh to Sleigh the Bells of the Well with a Hat-Trick..
Then to Keep My Wee Bet Going.. Waghorn-Pen to get a Hat-Trick in a Unlucky 4-3 Defeat for Govanites..;(
Summa of CelticTimeCSC
Kevinbhoy
You might have nailed it……. As long as Izzy keeps doing what he is doing his private life is his own, what happens in Guatemala stays in Guatemala as long as he is tearing up and down the left flank for us will do me fine, Izzy is another (like Efe) people will realise their worth when they are not there……
The clouds are clearing in North Lanarkshire, could be a cold but cracking day in Motherwell
.
Major Roadworks Yesterday in Motherwell near Fir Park..
The Main Road at the Civic Center is Closed with Diversions all over the Shop..
Summa
GERRYFAETHEBRIG on 17TH OCTOBER 2015 12:47 AM
Roy C
Cheers
Jamesgang 12.38
I wasn’t having a dig,, we all need to blinking work to keep the heads above water, i was slagging me, that hates going on the rat race train for 27yrs into the “town” others put my travel to shame, both my brothers worked in Zambia then Saudi, F that Glasgow is far enough away for me , I get homesick on holiday for a week
Hail Hail
———
Gerry ya silly Bhoy!
Not for a second did I think you were having a dig. Not your style my Fhriend.
I knew exactly what you were meaning.
;-)
HH jamesgang
Jamesgang
I expected you to read the comment the way it was typed
By the way I am sure it was around October/November Ronny and the bhoys kicked on last season, like the the fans I am sure the players had a wee CL downer, but got a wee sneaky feeling wee Griff, Kris C & co will be champing at the bit today
Hail Hail
Gerryfaethebrig
________________
Hail Hail fella….sorry for delay stuff to do.
Anyway…secretly rooting for Big Mark McGhee?
Nah, always want the Celts to win.
2 summers ago….I was secretly rooting for…
Big Mark McGhee
Roy Keane
Johnny Collins
…to get the Celtic job coz, I think they have the stuff in their locker to set Celtic Park alight.
Trouble is…..none of the above would fulfil the ‘puppet-manager’ portfolio that PL insists upon so that he and, his sidekick John Park could keep their ‘racket’ going….ye know the, bring in foreign players that wouldnt get a game for any other team…and let them become the product on the pitch for faithfully paying Celtic supporters.
Maybe one in every twenty of the above mentioned types of players will be a guid yin to sell on but, this policy more often than not diminishes the quality of the product on the pitch.
There’s a clique of executive level employees who are trousering £millions of Celtic supporters money from this policy.
Can I prove it?….No!
Can you disprove it……?
Maybe I canny prove it but….I can smell it.
Strange who bundles of money just appear from a puff of smoke when ever the huns are about to go over the cliff……aye……and, I came up the clyde on a bike last night.
Happily-clapping in salute to the snowmen who run Celtic FC / PLC.
Gerry
It was this equivalent week. October break. Much gnashing of cqn wallies on Friday night, pumping of Ross County the following day.
Driving home now. In a mo.
Mon the Hoops!
HH jamesgang
Aberdeen showing their great away form again i see -)))
Mon the HOOOOOOOOOOOOOOOOOOOPS ……………………..NO slip-up’s today V the asda bigots.
Kev
That’s a better post…..(not that I even know the difference between good and bad)
People will always dislike the board, if we were all the same what would the point be, the mob that liquidated (don’t like using the word die referring to a football club as it means far too much) they are a basket case then, now and forever, we should smirk at their demise, if the big bad masons keep them limping on well just enjoy the fact that you know, I know and 99% of Scottish football know their embarrassment, that’s exactly what they are, from their signing policy from the former club to their army display days and sense of entitlement of Craigys institute, never fear them, pity them if need be…..me I just love their predicament, I honestly want Sevco to win the Petroftracor cup, I want to see the same BoS 9@row fans celebrating beating Queens Park or whoever else they meet……I think me and you are roughly the same age (45ish for me) so trust me you must know the 80s and 90s were minging, at least Peter L and co are batting with a straight hand because if we were up to any high jinks the press, police Scotland & the aforementioned Masonic cabal would be all over us like a rash
Motherwell 0 Celtic 5 (Griff, Commons, Griff, Griff & Armstrong)
CQN Saturday Naps Competition
Lads, for those in the CQN Naps Competition, please post your selection here :
http://www.celticquicknews.co.uk/football-costs-a-get-it-up-you-from-kilmarnock-and-aberdeen-giving-excuses-to-fail/comment-page-7/#comments
All the best,
fleagle1888
(Beirut CSC)
Gerryfaethebrig
________________
The masonic-cabal would never find out about the high jinks that go on inside CP because….PL insists on everbody under his watch to sign a – confidentiallity-clause – ensuring that the high jinks will be kept beind closed doors.
Just ask NFL…..who, after 5 hours of leaving Celtic, had to put together a statement insisting that, there was no fall out and that he would be helping Celtic to recruit his replacement.
Santa Clause is a Tim.
HH
Mornin all! 3 points and top of the table today.
COYBIG
HH
Gerry
Kev
St Nicholas is a Tim !
I would love Peter Lawell to have the power you attribute to him, I was delighted when Liverpool tried to get him and Peter stayed, (unlike many of our hero players) I definitely think he lets the fans down at times but surely none of us are perfect, sometimes it’s better the devil you know
Keep it Celtic good or bad, for every negative post you confirm my happy clapping attitude ….
Enjoy the game and remember Mark McGhee is the other teams manager, wonder what you would have thought of Ronny if he had brought Stromsgodset over here and we had pumped them 9-0…. Will leave you with that thought
GerryBhoy
___________
Yeah, hopefully it’ll be a guid day for the Celts.
But….dont underestimate Big Mark McGhee.
Good Morning to yer self – Hail Hail
Gerryfaethebrig
________________
The Stormsgodset manager would skelp, Stormsgodset….if, he had the players that RD would have at his disposal also.
Just a thought – HH
Gerryfaethebrig
_________________
Do you have proof that, PL was wanted by Liverpool FC?
Anyway…PL is making far more money out of Celtic, than he would at LFC….imho
HH
Lasley was turned into a hun-thug under McCall…
…watch out for him becoming a decent ball-retention type of player under Big Mark McGhee.
Anyway….going to sleep now – YNWA.
God Bless ‘All’ Celtic Supporters.
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Gerryfaethebrig
…Izzy is another (like Efe) people will realise their worth when they are not there……
Totally agree. I believe I’ve seen you stick up for both before, like I have myself. I’m not one for coming on and having a go at our own, and even if I was, it wouldn’t be them. They never hide, bless’em.
Hail Hail,
KevinBhoy.
Morning all, not got time for the usual gym today…..go to get down to Murderwell and try to source ticket.
Any spares will be accepted graciously and generously.
Glad to see RC ( geddit?) do the business last night. I know a lad in the first team there and he speaks very highly about his gaffers there.
HH
Happy 15th birthday to Caityrollercoaster
Hope the CRC family have a great day
Hail Hail
Summa
All roads now clear in sunny Mwell.
All we need is a thumping victory against the busfare dodgin wee huns.
KevInbhoy
Both in my opinion are easy targets, not sure why, Efe cut short his African nations celebrations to help us against Juve, his mistake was a shocker (like Fenerbache) but I don’t understand the witch hunt at times, people forget he is a young guy who has played nonstop for the last few years, I used to joke that no way was he 21 when we signed him, he was speaking on the news the other night and me and the Mrs both remarked how young he was, seeing players on a park is far different to real life…. By the way I love Neil Lennon but think he hung Efe out to dry against Juve, although as a manager they pick who they trust, the longer Efe & Izzy stay wearing the hoops will benefit our team
Cold and damp here in darkest Lanarkshire….
I can be spotted in Motherwell from 11am onward, wandering about like a half with looking for a ticket? will have cash inside the big jaikit.
Hail! Hail!
J McCormick
Thatll be 2 of us then.
Should get one no probs i think. Always succesful in past.
You could try ticket office…they sometimes sell to away fans. Opens at 10am. Thatll be my first port of call.
HAPPY HOOOOOOOOPY BIRTHDAY to
CAITYROLLERCOASTER!!!!!!!
Three points do ya?
Morning all.
Beautiful day down here once again.
Hope Celtic make it a memorable one too, with a wee win in Motherwell.
Buena dia from Catalunya!
Just had the dubious pleasure of being ignored and completely blanked for the last 3 days by 2 Scottish families. Ever since my son wore a Celtic top. They really are sad.
I don’t mind particularly, however it is being stared at in the dining room whenever we are in proximity that is uncomfortable, only as my children are becoming aware of it and aski g questions.
And in other news, the mosquitoes still love me – I’ve got my very own starmap on my legs.!
Hello again all you young rebels.
Just back from the wee mhans cup tourney in Berwick good
first game and they drew with a very strong team, favs.for
the cup, second game a disaster despite our Celtic bhoys
playing their hearts out a couple of injuries to good players
meant a crushing defeat so no talking to him tonight, he,s in
his room and I’ve been told don’t come near until the Celtic
game comes on CTV.
Met loads of fellow tims from other clubs all wanting to know
where our club is down the peninsula some of them know
our very own Paddymacoz from his time when he ran the
Melbourne No1 club I’ve told them he’s definitely wearing
his Lederhosen to our Oktoberfest day tomorrow ( he says he’s
not but he can’t help himself ) though i must admit he does look
wonderful in them.
BMCUW / DODO
Sorry I’m just getting back to you, thanks for your comments as
usual I’m always playing catch up with the time difference here
and about my post yesterday regarding German words and there
reminding me of anything deid team how could i miss out
Shcweinhund now that could fit any of them, lol.
H.H Mick
BookerT
Went there yesterday, only had family section left…..not enough time for me to source another pup, so was sent away with flea in my ear.. plenty of home tickets though
So back to the bread and butter of league football – and a chance to go top. Not bad after the less than perfect start we’ve had to the league season.
Think there are a few injuries around after the international break, so there may be chances for a few to shine today. Any win is good and Aberdeen’s not unexpected slump is a nice bonus.
Gordon
Eve. Boyota. Blackett. Izzy
Brown Bitton Rogic Armstrong
Commons
Ciftci
Normally a reliable source,, I just got it.
Eve=Efe lol
Lustig & Griffiths on the bench.
J McCormick
I could try and squeeze into my old st aidans primary uniform and we could bluff our way in.
Morning all a lovely morning here in the Central belt a great day for a game of football I hope we are not over confident for this game today I think it will be tough but im looking forward to it.If the team is the one TD67 has posted they will all have to perform at there best.I would like to be top of the SPL by 2.30 as that is where we belong. H.H.