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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rogueleader
23:37 on 5 April, 2013
Wow….possible dynamite……wonder what account it went into..?
MM
Mahe was mental period!
margaret mcgill
23:42 on 5 April, 2013
Are you sure it was that day ? ……LOL…..(just kidding)
Rogue leader
What a brilliant point .
Total admiration for your deductive powers.
Hail Hail
Paul67 et al
Just noticed that the latest MIH “restructuring” involved yet another debt for equity swap, with Lloyds Bank, ie us, this time for £117 million. Add that to the previous £150 million and you have over a quarter of a bill. Keep this up and we’ll end up owning Murray!
Weefra travelled on Peter Scarff for years when I lived on Clippens Rd.
A ceilar – yes ex St Brendan’s bhoy left 1980
Hopefully celebrating a league flag in 20:10 tomorrow nite
HH
Looking forward to meeting a multitude of CQN’ers tomorrow. Can’t help but thinking the road to the Park will be fraught. Stay safe, stay in a crowd and make sure someone is recording.
Scotland 2013.
Just finished (finally) the first series of Homeland.
For tension, paranoia, plot twists, and psychotic episodes, it’s not a patch on the Sevco saga…
Burghboy – I wish I could take the credit for it…but somebody smarter than I spotted it
Mahe was Gallic temps mental.
His first booking wasn’t even a foul.
His second was reaction to a foul on him.
Dallas was a disgrace on the day.
And many others.
Cant wait for it to be back in the guise of the new firm.
Getting cheated, blackmailed, threatened,bombed, throat slit, fined, punched, jumped, charged, spat on, kicked. being told I am:
a fenian B$%^%$
terrorist
illegal
scum
tattie muncher
famine starved
targeted
Whats not to like?
I’m sure the SFA/SPL are being well guided and informed by their members about the dangers of such paths.
Guys, not able to make the demo. Tomorrow as attending Burghbhoy juniors game in the morning.
Will be at the game and hopefully will be celebrating another title.
Just wanted to wish all at the demo my best and hope that all passes smoothly.
Stay safe
Hail Hail
Goodnight all.
RogueLeader, Excellent point, £137,000 is indeed an extremely strange amount for anyone to pony up. I reckon the true amount is indeed £137,500 but if this was spelt out by Charlie then the cat would really be out of the bag. Very well done Sir, its a point that needs to be raised again and again by internet bam pots everywhere until the MSM cannot ignore it.
The Stephane Mahe sending off was one of my earliest examples of footballspin –
a
“ach, he deserved a red, did you see his face and what he shouted towards the ref”
(Ahem) – aye, AFTER he was shown the red card…
Jobo
Knife crime stats down
Domestic violence down
Is Scotland a safer and healthier place without the old Glasgow derby.
The politicians must he loving it.
Countdown
Contestant Whyte requests two large numbers and four small numbers
£137,500
£550,000
1
1
1
1
The Randomly generated target to calculate you have 30 seconds……
£150 million
Good luck
Off to bed to recharge the batteries – in an effort to not look too furtive for the FOCUS cameras tomorrow.
sidewalksCSC!
HBoS senior managements cronyism and the bank rolling of its pals
Sir David of Mintys Empire was well in there
All roads lead to Rome as they say
Whilst I am now tempted to provide the earliest ever EK weather report, not only is it a wee bit dark but it is clearly against the spirit of the daily reports. So see you all in 7 or 8 hours or so…..
Jobo Baldie
00:03 on 6 April, 2013
Keep up the EK weather report. You do realise Jobo that EK has its own micro-climate right?
Margaret McGill
23:24 on
5 April, 2013
What ever happens , Celtic fans are still Vladimir ..mad vad……..Baaaaaa
Margaret McGill
23:24 on
5 April, 2013
What ever happens , Celtic fans are still calling Vladimir ..mad vad……..Baaaaaa
The Record Front Page for Saturday
The Blues Brothers !!! With a story of their game plan
Sub headline Green and Whyte Barney
Here we go again
Jelly and Ice Cream for the Sevco Civil War : Sevco 5088 versus Sevco Scotland
Come on the Sevco!!!
For all you guys on the move tomorrow. Take care and HH!
Sorry to deviate from the topic
just watched CH5 Philpott House Fire :The Truth
What i would give for five minutes in a cell with that ……..
maggie, I went to their last game against the mighty gable endies wearing a “Jimmy Johnstone Legend” t shirt. I thought I’d get filled in in the pub by the first hun I showed it to. Nope, nothing just a laugh. He was a big massive fat hun though, he’d never have caught me if I’d had to make a quick dash for it.
Many of the run of the mill huns have lost their mojo.
Poor wee lambs (or should that be kidds)
For those appreciate the culture of Scotland……
http://www.youtube.com/watch?v=s2-rV7AIZOo
Margarte McGill –
EK really is the fabled ‘four seasons in one day’ town. A constant challenge for amateur weather reporters!
…..and folk that can spell propley!
Have Charles green and Craig whyte ever been seen together.
Latex masks have come a long way in the last few years.
margaret mcgill
23:51 on 5 April, 2013
That’s it in a nutshell……..
Torontony, if you read this get my email addy from P67 or BMCUWP.
I can make on half of your wish come true.
HH
A Ceiler Gonof Rust
00:08 on 6 April, 2013
Hopefully it stays that way.
Imagine no hun mojo
Imagine no tim kojo too
You may say I am a dreamer
But I’m not the only one
Jobo Baldie
00:09 on 6 April, 2013
Whether its raining or gonna rain we all love you !
Jobo.
00:10 on
6 April, 2013
may your mighty god of edumacation shine the eternal light on you for you deserve it
Hope in your internatal world you have never a spelling mistake
all the worldy luck and god bless
pete-c style
Alasdair McLean
This one always rips my heart out (and Celtic First’s)
Karen Matheson
Quite like this one too
Andy M Stewart
thecarfintim –
Haven’t seen you around these parts before…
Are you a…
Och, who cares…
Alasdair Maclean, enjoy this. A bit more rowdy than you link but a place that is dear to my heat. The Castlebay bar, Castlebay, Barra.
http://www.youtube.com/watch?v=IYOrPTmXfsk
HH