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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Still hope for oor mhan.
Weefra HH
Weefrathe Tim
as another poster said
holllllllllllllllld
HH fingers crossed
The Friday nite quiz for CQN masterminds starts at 9pm.
5 rounds of the Bhoyaholic madness
See you then
HH
CRC
A right snob on next, opera. Lol
Weefra HH
Kevj
Be careful oot there……lot’s of angry
hun’s aboot.
www
And legs :)))
Weefra HH
Eldiegobhoy
Ardtorna. I’ve stayed there. Fabulous place.
Brilliant, the opera tarts no dain very well. Scores 6. Whoooohooo.
Weefra HH
COYBIG
Weefra HH
at least she picked Verdi
Auldheid
19:38 on
5 April, 2013
I remember reading at the time, that the reason for the transfer from OldSevco to NewSevco was down to the fact that to join the Scottish League any club’s ownership must be through a limited company formed in Scotland.
Obviously there are more reasons behind this (including a few Whyte lies :-) ) , and I just wonder how complicit and knowledgeable Mr Regan, Mr Ogilvie & Mr Longmuir have been in all of this.
HH
CRC
saltires
Might as well being ” beardy” lol
Weefra HH
Joey Barton on mastermind now?
A scientist on now.
Weefra HH
Fergus slated the blues, Iain King Sports Editor of the Scottish Sun is a fanatical Oldco Rankers fan.At one SPFWA his table had one jungle Jim by mistake and he couldnt handle it. ( reminder to tweet Rupert Murdoch of the Scottish version of Brookes)
King would have warned Sally the story was coming. Sally would have given it his blessing after discussion with “traditional businessmen fans”. Chuck does not realise yet , his big issue is not really Whyte. I fully expect a Scottish Person to emerge from the shadows and take over the ibrox club. I would not be surprised to see a new majority shareholder by the start of next season, with Green/whyte out on a negotiated payoff. The fly in the ointment will be he institutional investors who put £20m on the table in good faith.
I full expect trading in Sevco shares to be suspended and a criminal investigation to start.
Scientist scores 11
Weefra HH
weefra
lol
My mistake, it was the accent and he called him Didier.
The final caller on SSB “Sir Craig whyte has returned to expose the sham that charles green is”. Faded out…….
Brilliant.
James Forrest
Why are you not mentioning David Grier on your latest piece ?
Or the close relationship he has with Sir David Murray over the years ?
Or Sir David Murrays long standing relationship with Ticketus ?
Do not forget Ticketus created the Octopus investment vehicle just for this takeover.
If you are going to go down the Occams Razor method of analysis.
Then
As I have said for years…..
Sir David Murray along with David Grier and Duff and Phelps were the architects of this particular business venture. Why else would Craig Whyte chose Duff and Phelps and more importantly why would Lord Hodge give his approval. Whyte and Green are just hired hands.
The hun hoardes financed Craig Whytes takeover.
The hun hoardes financed Green by inadvertently supplying the cash for Duffs and Phelps via sold off revenue streams
The hun hoardes financed the recent IPO to keep them going.
It has Sir David Murrays hallmarks all over it.
HH
Why can Ally not contact Green ?
Does he not have his phone number ?
HH
Hoop hoop Hooray
Sure was mate.
We had dinner at the Isle of Eriska Hotel which is close by on the Saturday night and that was excellent.
We’ll defo go back to Ardtorna later this year.
Huns get a mention on Mastermind!
The Whyte Tapes
http://www.thescottishsun.co.uk/scotsol/homepage/news/4875371/EXCLUSIVE-The-Whyte-Tapes-Recording-1.html
David Grier is still a partner at Duff and Phelps according to his LinkedIn profile.
HH
Oor John Savage (aka Kojo? – ach, I’m kidding) in 5th place out of 6 after the first round.
Keep The Faith!
Come on J Savage bhoy.
If green put in the said £50,000 at a penny a share surely that equates to more than 8%
So he paid off backers with penny shares.
Awe naw I see the equation now.doh.
Fantastic sunset in ML10 tonight. Great living on a farm at times like this especially when you are retired. Best job I ever had. Have I mentioned this before? :))
Weefra HH
Here we go.
Weefra HH
Keevins stated earlier this week that any Celtic fan who says he / she doesn’t miss oldco were “LIARS” ……tonight, a Celtic fan put forward the theory that greengo has now been proven to be a “LIAR” ….. He was summarily reminded that he cannot make deflammatory statements of that nature on SSB…….astounded to forehead…!!
Keevins is not only a hypocrit, he is also not very bright….and a hurting little ‘banned’ cretin….
He”s in the lead now.
Weefra HH
Scores 20 don’t think it will be enough.
Weefra HH
Dont forget that Craig Whyte also secretly recorded David Grier.
Why would he do so at that stage in proceedings ?
HH
What a fiasco. I did wonder if BDO take control of assets and sell them again they may go to a proper investor or people with some imagination and the good of Old Rangers at heart. Then I remembered, people like that don’t do investing their own cash.
Even if the blue knights were resurrected and get a hold of the corpse with a view to doing a frankenstein the path to recovery is so long and hard (if it’s walked honestly) that it is almost impossible.
What they should have done was hire a modest squad of the better lower league players, hire a manager that knows his way around those leagues, play in cumberbauld or St Mirren Park for the first few years, sell Murray Park and basically any asset that they can get rid of and build from there. I reckon they could still do it in time for next season – oops, the signing ban……
But that requires a quality that they don’t possess – Humility, the acceptance of who, what and where you are in life and playing the hand you have been dealt to the best of your ability. It will, once again, be the death of them.
unlucky big man
HH
At least oor man wont be last.
Right, beer in the fridge, fire lit, days work done……. se ya’ll tomorrow…