After 11 months of innuendo and unanswered questions the Sun today publish confirmation that Charles Green was a frontman for Craig Whyte. The news will be a bombshell to many but few in the Celtic online community will be surprised.
The Sun today report that Craig Whyte and partner, Aiden Earley, are majority shareholders in Sevco 5088 Ltd, the company which bought Ibrox, Murray Park and other assets from Rangers’ administrators’ Duff and Phelps.
They also claim Charles Green subsequently transferred Sevco 5088’s assets into Sevco Scotland Ltd, which Whyte said was done without his permission. Green was given considerable opportunity to respond to the claims but despite pages of comment does not deny the central claim that Whyte and Earley were majority shareholders in the company which purchased assets from Duff and Phelps. The rest of the story amounts to little more than gratuitous detail.
Where does this leave things?
Whyte’s QC has started legal action, seeking control of Ibrox and other assets.
Duff and Phelps (presumably unknowingly) discretely sold Rangers assets to the man who appointed them and who is currently subject to an investigation into the collapse of the club. Rangers’ liquidators, BDO, can cancel the sale of assets and claim them for creditors if they believe it was not conducted in an appropriate manner – and this is anything but appropriate.
When Sevco 5088 Ltd was negotiating with the SFA Green assured the SFA that Whyte was not part of his consortium. This was a condition of the Newco being granted associate membership. The SFA are now duty bound to investigate (although with president Campbell Ogilvie in place make no assumptions here).
What has any of this to do with St Mirren, you may ask?
St Mirren chairman, Stewart Gilmour, appears to have made a pact with Charles Green, who I hear has given Green his assurance that he will vote against league reconstruction plans, which the SPL are due to vote on 15 April.
Questions like who owns Ibrox, whether the Newco is a legitimate associate membership of the SFA, whether BDO will declare the sale to Sevco 5088 void, in the event this circus makes it to next season, whether anyone will buy tickets to the shambles, all remain unanswered….
…but Stewart Gilmour is making plans with Charles Green. St Mirren fans should be outraged. Mr Gilmour should be careful who he does deals with.[calameo code=0003901714557cf2d2048 lang=en page=134 hidelinks=1 width=100% height=500]
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Starry
Greens up beachers brook without a paddle
Personally I blame
Neil lennon
Peter lawell
Pope benedict
Pope francis
Tommy the taxi driver
The Lanarkshire billionaire
The green brigade
John bummer broon
Kojo and tsd
…….
Feel free to add to my list ;)
Green says he’s the Major Shareholder? The only one? Owning 8pc of the shares? Nobody else has declared they own a percentage of the company.
This boy is a fool.
EricmorecambecatchphrasesCSC
ElDiegoBhoy 19:01:
Glad to hear that my friend, might try some day, trying to get a wee break with Mrs. Lennybhoy…
As I always say…
Keep the Faith!
Hail Hail!
it must be getting near the time when fans might consider financing legal assistance to monitor and if required, challenge the fitba authorities if they try to pull any strokes or neglect to take relevant actions in the current climate
“He was supposed to pay £25,000 for legal fees to the lawyers who would deal with the transfer of shares but his cheque bounced. Imran felt he had to keep him going down the road of giving over his shares so he was told if he had the money he could still deposit it.
“But the money wasn’t wanted in any accounts dealing with this business so he was given another one”
Green
Just when the sevco fans need honesty and transparancy up pops sally and declares
I knew nothing about this story till I read the papers today .
REALLY Sally REALLY you with all your friends in the MSM did not even get a sniffter that this story was coming out .
If the sevco fans can not realise when they are being duped then the baws oan the roof
Having just read the latest ‘Charles Green Statement’ on their official site (I know…) I am happier than ever at our own Club’s default position of ‘never interrupt your enemy…”
Definitely shanigans on an industrial scale going on here !
Never could understand how or why Whyte turned his back on the deeds to the big house. Problem is, the MSM won’t touch this story with a barge pole. It will be a while before we’re the wiser.
And all of this on a day when HMRC celebrate their own particular Hogmanay…
Sorry, on a roll here, but the last 10 minutes of SSB (again, I know) sounds as if pennies are dropping with, dare I say it, Jim D growing a pair?
Right, I’ll just shoosh now for a wee while…
I know I might be early on this ,but I am sick of the claims amd counter claims already. Two shady chancers fighting over a diseased corpse of a football club, in any other country the club would be long gone or not worth fighting over.
Due to the mainstream media and unseen hands they have been brought back to life and hang about the place like a bad smell , there`s money to be made and traditions to be upheld so they will go on like this for years.
There is a close parallel with the long term decline of Leeds United, I hope this will continue to be the case for RIFC,SEVCO,SEVCO 2 or whatever form they take.
As long as our club keeps well away from them I will be happy, the sad fact is that the rest of Scottish football is being told that the “Rangers” are necessary for the world to keep on spinning. The MSM say so , so it must be true. Once we , Scottish football fans, understand that they are not necessary we can all move on.
I argue with my closest mate who misses the “Old Firm” fixture, he will learn that the removal of that bigot fuelled imitation of a football match is the best thing to have happened to Scottish football for years, well since Henrick and Lubo arrived anyway.
Will it happen, probably not, but I do love to dream.
jobo baldie
19:19 on
5 April, 2013
Correct…..our Board will have known exactly what direction this is all taking…
So that’s why he was wearing the St Mirren tie last sunday.
Curiouser and curiouser.
In other news I wondered what on earth the good fholk at the Celtic Graves Society were playing at – exhuming someone so they can be re-interred wearing the latest Nike product?
Until I read the article…
I know this is a really stupid question but the MBB ever pay his fine to the SFA if not why not and who’s dealing with it??
Totally off topic
Was in the gym the other day about 1ish and was joined by an SPL footballer who was battering into some serious heavy weights. Now I don’t wether he had been to training or not because his club is situated about ninety miles away or it was his day off but it it got me thinking that if this is what our opponents are doing in their downtime is it any wonder that sometimes we wonder why we look so light weight
Makes a change from seeing so called professional athletes scrambling out of Toni Macaronis with a big bag of grub just after training
What are the official routes to Celtic Park following the demonstration tomorrow?
SEVCO story got a bit to go main point is that Charles Green admits to saying whatever needs to be said to get whst he wants. ….and he wants impute to tje future of Scottish football?
Mastermind final C’mon the Celtic man…..
Hail Hail
Jobo
If I heard correctly Chuckles accepted £137K from Craigy (oor hero) – didn’t want it to appear in newco accounts – but accepted it and banked it in a separate account?
Now I’m no expert (John Grisham reader) but would this apply?
Contract law concerns enforceable promises, and can be summed up in the Latin phrase pacta sunt servanda (agreements must be kept). In common law jurisdictions, three key elements to the creation of a contract are necessary: offer and acceptance, consideration and the intention to create legal relations.
Here’s the link.
http://i.mobypicture.com/user/spacegirlgail/view/15075741
Challs showing his class on SSN
Basically Green is admitting being a liar. He lied to Duff an Phelps, he lied to the SFA, he lied to the media, he lied to Whyte, and according to Sally he didnt lie to him, so that makes Sally a liar too. Now however, hes saying it was to get control of a ‘great Scottish institution’.
So tell us Charles, how do we know when your telling the truth? Tangled web indeed.
notthebus
19:19 on 5 April, 2013
What does he mean “given another one ” (account) …… did Jabba tell him to say THAT… HOOK LINE AND ST(I)NKER ……..
Celtic guy on Mastermind final on beeb2 now.
Weefra HH
Celtic fan John Savage on final of mastermind now bbc2
saltires
Thought I was the only wan watching it.
Weefra HH
After taking a step back and reading what craigy and chuckles are throwing at each other.
I would be humiliated if I was a hun and worried what the future beholds.
Then again it’s water off a ducks a**e to thems.
The club with no name and the fans with no shame.
Been out most of the day and not long back. Trying to catch up and digest what has gone on today.
Wtf is going on?! It’s all as clear as mud – but hilarious.
I await developments eagerly!
HH!!
He didnae dae too well there.
Weefra HH
Just in case you don’t know, Celtic man on Mastermind!
bjmacslownews.csc
An Dun
18:22 on
5 April, 2013
twomacaroons
So Charlie thought he’d transfer the assets away from the majority share holder, into his own company and that he’d get away with this !?
This story is unbelievable ! What an absolute clusterf@ck.
+++++++++++++++++++++++
I’m trying to get my head around that bit. What exactly did CW have in Sevco 5088 that needed to be moved to Sevco Scotland, what was the mechanism for doing so and did whatever it was need moving and why?
As far as whitey and greengo are concerned, ma hieds nippin.
Weefra HH
Celtic man scores 9 on his first round. Not looking good. :(((
Weefra HH
Great evening Timland.
Deary me what are that mob like…..CG saying
he has 8% of Sevco…….8% of nothing is nothing.
Second contestant scores 14.
Weefra HH
Weefra
aye hedging my bets now
big Aiden next
Just dropped in to say….
Mastermind guy – Aiden McQuade ?
Now…I wonder if we’re related through
our – Lonewolf tendancies ?
HoooooowwwwoOOOOOOeeeeelllllll
Off oot.
saltires
We live in hope. The Aiden guy is good too.
Weefra HH
Aiden scores 11.
Weefra HH