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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Auldheid
Oh how I wish I was as trusting as you are, tis a failing you know :-)
You should know more than most that there will no be justice served.
Have an extra large Rum & Coke and chill mi amigo.
HH
Hoopy birthday tommy gemmell
Lisbon lion legend HH
Geordie Munro,
Auldheid has just reassured me.
DONTBRATTBAKKINANGER on 16TH OCTOBER 2015 1:52 PM
Philbhoy-
Celtic
24 Zaluska
12 Wilson
21 Braafheid (Rasmussen 75)
38 Thompson
48 O’Dea
06 N’Guemo
18 Ki Sung-Yeung (Fortune 60)
46 McGeady
07 Keane
09 Samaras
55 McGowan
Substitutes
01 Boruc, 02 Hinkel, 52 Caddis, 17 Crosas, 27 Zheng, 10 Fortune, 19 Rasmussen
– See more at: http://www.celticquicknews.co.uk/great-football-swindle-reaches-court/comment-page-2/#comment-2697248
————-
In hindsight, a truly shocking team selection.
Auldheid
Heavy duty charges and I’m guessing the polis have a strong case if they’ve gone this far..
Serious jail time for the guilty..
” The Arc of The Moral Universe is long but it bends toward Justice”
Hopeful CSC
By justice being served, I mean the real culprits.
The ones presently in court are the cabals scapegoats.
Happy Birthday Big Tam Gemmell
TET
If the evidence supports the charges, to whose benefit is it for a jury to ignore the evidence?
Huns will rightly demand justice and the question is not will justice be done. The question is what shape will it take?
If we make no attempt to influence that shape, then what else can we expect?
One for the SFA
The Scottish Football Association has written to seek clarification over Rangers chief executive Charles Green’s involvement with Craig Whyte.
Former Rangers owner Whyte has claimed that he was behind the Sevco 5088 company set up to transfer assets from Rangers “oldco” last year and that Green and associates were initially working for him when they completed their purchase of assets.
In April last year the Scottish FA handed Whyte a lifetime ban from involvement in Scottish football, in addition to a substantial fine.
Following the claims from Whyte that he was subsequently involved with Green in dealings over the Ibrox club, the governing body has asked for information from Green and Rangers.
“We have to seek the facts and that’s what we’ve done,” SFA chief executive Stewart Regan told BBC Scotland.
“We’ve written to Mr Green, as chief executive of the club, and asked him to respond to a number of very specific points about the revelations last weekend.
“And once we’ve got those answers, we’ll be able to decide how we deal with it.”
STV obtained a recorded conversation between Mr Green and Mr Whyte, which is said to have taken place on May 9 last year, in which the former Sheffield United chief executive said: “I f*****g, I need money off you (Craig Whyte)”.
Allegations of business dealings between the two have prompted the Scottish FA to ask for clarity over the nature of the relationship between the businessmen.
Morning/Afternoon all
My daily indulgent post.
For any friends in Tokyo later this month a friend of ours who has ALS is talking to the audience at the Tokyo International Film Festival, before a showing of the movie “You’re Not You”. this movie goes on general release in Japan on November 7.
Date is October 27 and here’s the ticketing link. http://2015.tiff-jp.net/en/lineup/works.php?id=80
We did a wee article on Tony’s Huddle about him.
http://wp.me/p6DYht-my
No One Walks Alone
To ease “secrecy” concerns here is update from SFM by easy jambo.
Auldheid 16th October 2015 at 4:54 pm #
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” James (Doleman) has provided a fair summary of the charges. The press were given a full copy (20 pages) of the indictment and I hope that someone gets permission to publish it in full. I did manage to borrow a copy from one of the press and skim read it. It is fair to say that there were several elements to each of the charges.
There were over 30 members of the public there at the start but it had diminished to about 10 by mid afternoon.
Similarly there were around 15 press people there which also diminished to 8 or 9 by mid afternoon.”
AULD BERTIE on 16TH OCTOBER 2015 4:35 PM
Agreed. And he would have bought Charlotte Fakeovers a pint as well.
The shape that the justice will take is this.
It eill be seen to be done with the patsies dragging out the proceedings for years. The truth will not come put until Sir David Murray and his cohorts are dead.
Hoe many bankers jailed so far ?
Football as an industry is on s par with the mafia. No justice will happen there either
For the sake of brevity. Who do you believe Paul67 or Dermot Desmond ?
HH
Auldheid
My post @ 4.58 is what I meant.
The huns will of course want to blame someone, and the scapegoats are the ones, the real culprits will walk free, they won’t even get a tug.
Justice scottish style, no wonder Imran Amhed is staying put in Pakistan.
HH
WGS signs two year extension
THEEXILEDTIM
I’m pretty much in agreement with you on this,mate.
The Establishment will tie themselves in knots trying to ensure that those in the dock get a full legal kicking while not damaging Rangers whatsoever. The huns will come out of it as the victims,their wrongdoing conveniently airbrushed from history. At least,in the MSM reporting of it.
Meanwhile,the huns will be full of their usual righteous indignation,and woe betide the innocents caught in the fallout.
More bad news for Scottish jobs it looks like TATA are going to stop steel making in Scotland and both there plants in Scotland are likely to close.There is next to no manufacturing industry in Scotland these days I feel for young folk in the job market. I dont think there is anything either the UK government or the Scottish Parliament can do to stop the closure.H.H.
Craigy bhoy Whyte turns up a court with what looks like mcinnes’s bit on the side
Nae wunner he is Google eyed
‘ My guess is they’re finished. Finished.’
Sweet. But only if the court appoints Deputy Sheriff Rick Grimes and Daryll as new administrators.
jFH,
The tax payer paid for all upgrades to plant and equipment, watch it being shipped out to whatever third world country they transfer jobs to.
TET & BMCUW
Don’t want to go on about that lot, however I did post two weeks ago that no matter what happens, The Manky Mob will be seen as the victims, that is a given…
Anyway, was down south this week when I realised my usual source to a Motherwell ticket was not able to help, went to Fir Park today and got feck all…
Anybody help me out?
Good Evening Timland.
I’m thick and confused, who should I be cheering fur
in the hun court case?
Bobby~JMCC
Aye, they have seen themselfs victims all their existence, hence their need to lord it over all.
Nothing changes with thems, the system will be bent to suit their needs.
They should be gone, alas…..
HH
nye,
thats it in a nutshell, its so bliddy complex now there are no good guys left.but i just keep cheering cos i know its funny,
and i get fatter by the day.
jelly and ice cream every day for 3 and a half years now.
.
ps. how do they give a ghost back its big hoose ?
Canalamar. I have no doubt you will be right it has been going on for years.What is also very concerning we do not attract new Industry like we did all we have in the main now is service Industries we dont manufacture anything. H.H.
I’m in Aberdeen so not best pleased. Cos I’m in Aberdeen.
But this made me snort……
DONTBRATTBAKKINANGER on 16TH OCTOBER 2015 2:59 PM
Churlish not to wish many happy returns to hoopslegend Derk ‘ Iron Man’ Boerrigter.
Fingers crossed he doesn’t rupture himself blowin’ out his 28 candles.
HH jamesgang
Auld Bertie…
Spot on mate. HH
joe fillipes
The London based government could intervene to the extent that they keep the blast furnace and coke plant running, but will probably hide behind EU competition regulations, the type of which Cameron keeps telling us we need less of. Tant pis pour nous!.
Awe Naw you have been forecasting the imminent return of “rangers” being facilitated by Celtic’s board for years now, it still hasn’t happened. So either they are incredibly incompetent or it is not actually happening. Which do you think it is?
Heard the mcinness (spelling). The Aberdeen manager has refused to have his photie taken
As ladbrokes manager of the month (I think it was that).
Should he not be up in front of the sfa for that?
Is it right that mcinness always works with his dad at the clubs he’s involved with?
Gooooooooood evening bhoys & ghirls.
Its nearly Celticcccccccccccc time again.
we need someone to step up to the plate and lead if broonies out.
another slim victory will do this Tim.
HOOOOOOOPY Birthdy to Tommy Gemmell.
I for one never thought the day would come that this would reach court, i thoght tbe brothers would have ensured this was sorted a while ago,
how it turns out we’ll see, i still think skullduggery will be afoot ,but this could eventually make its way out of edinburgh through appeal.
the glib and shameless “liar” will need deep pockets to keep the zombie ship afloat till this is settled, and i doubt he has them,even without having to pay greens fees imho they will have probs finding money to keep them drifting
Good Evening.
You might have missed it yesterday but the Record was ‘at it’ again. This time trying to stoke up a non-existent blame game between Efe and Craig Gordon…
https://theclumpany.wordpress.com/2015/10/15/efe-ambrose-im-the-worlds-greatest-player-and-craig-gordon-is-sht/
To be honest, this takes me back to the outcome of the big tax case and the title stripping.
Like some have said, the Masonic mafia are in play here.
I wouldn’t hold my breath awaiting an honest outcome or even finding out why!
Just pump the reincarnation at every turn, let’s not kid ourselves, their scum support will be back in numbers as if they were hard done by.
Thems, have no shame.
THECLUMPANY
Re your article,last paragraph-now you know why the huns call it the daily rebel!
Clearly a Celtic mouthpiece.
SIPSINI
How was Sunny Spain?
jamesgang on 16th October 2015 6:30 pm
Hope you are well my Fhriend. You did yourself and your organisation proud today, well done mate.
Keep the Faith!
Hail Hail!
Cheers Lennybhoy
Add oot. To work. Can’t wait for noon tomorrow!
HH jamesgang