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Green, Whyte, Sevco 5088 and the St Mirren link

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By on CQN BLOG & Comments

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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  1. Margaret McGill on

    Alasdair MacLean

     

     

    00:09 on 6 April, 2013

     

     

    Beautiful Alasdair. Glad you’re back

  2. lucky cody on

    The press now going full tilt on the Green & Whyte partnership on newco Sevco. Front page story on record and daily mail. The Sun revelations mean the others need to fight for the readers over the weekend in the ongoing ( declining ) circulation war.

     

     

    The Sevco civil war will sell papers , so we can expect a full blown expose with a court case likely to follow. It’s the medias chance to slow down their decline and they will fight each other until one disappears or is gobbled up. I expect the Record to be the first casualty and the herald/evening times not so far behind.

     

     

    Green & Whyte may have screwed the Ibrox club ; however they have been good for the print industry in slowing down their decline.

     

     

    Green & Whyte – I think it’s Craigy Boys sense of humour to have a partner called Green. He must be a tic fan.

  3. Greenwells Glory on

    Hi Ghuys, salve salve;-

     

    First item on the agenda should be a statement from the Celtic board to the effect that they will not permit the hearing of Niel Lennon’s alledged misconduct to go ahead unless and until the grevious situation concerning the new club using the old ibrox park as base is thoroughly investigated and any necessary action taken.

     

    Greenwells

     

    Fiat lux

  4. A Ceiler Gonof Rust on

    maggie, I’ll settle for no huns.

     

     

    I had a wee heart to heart with young acgr earlier, he’s 17 getting ready to do his highers, uni, blah bla and make his way in the world. I explained to him that he was lucky that his job applications wouldn’t go directly in the bin because of where he was educated. I had to explain it to him twice.

     

     

    Many of my applications went straight in the bin. Luckily for him he’s not growing up in the bigoted cesspit that I grew up in.

     

     

    HH

  5. Torontony on

    ACGR – Just tuned in for the night. I have already been forewarned about sclaf baw with you. BMCW has blown yer cover:) got me darling daughter here tonight so my attention is mostly hers. Good luck in Espania and have fun with TET, i’m dying to meet him some day.

     

    slainte

     

    tony

  7. huntlybhoy86 on

    Evening all! Had a hectic day but just about managed to scroll through and catch up on today’s events.

     

     

    I’m sure Campbell will be looking into it all as we speak (aye right)

     

     

    Sincerely hope BDO finally draw the curtain on this embarrassment of a football club. Although you just know that somehow they will find a way.

     

     

    By the way, before I head to bed, football club with three O’s…

     

     

    Greenock Morton

     

     

    Night all.

     

     

    P.S take care everyone at George Square tomorrow, hope it all goes well

  8. 'crushed nuts?' 'Naw, Layringitis!' on

    Just checked my bank statement, turns out I own sevco! ;))

     

    fat boab goes to the doctor:

     

    Dr: I’ve got good news and bad news

     

    FB: what’s the bad news?

     

    Dr: there’s no good news!

     

     

    Night night, stay safe tomorrow.

  9. Alasdair MacLean on

    setting free the bears,

     

     

    Cracking songs….

     

     

    Andy M. Stewart for me is Scotland’s voice …from the male side.

     

     

    For the female side though, in the Gaelic voice unaccompanied, Ishbel MacAskill is with the angels. Incomparable, unique, and never fails to bring me to complete………whatever.

  11. A Ceiler Gonof Rust on

    Lucky cody, I hope your correct about the record being the first casualty. When they shut down their comments section I was gutted.

     

     

    I mean, where else could you skelp five huns for the price of one?.

  12. Alasdair MacLean on

    A Ceiler Gonof Rust,

     

     

    Love them. Ma bairns are there. But ah’m no………shite ah better listen to your link…maybe it’s a slow wan!

  14. A Ceiler Gonof Rust on

    Torontony, that bassa bobby is always blowin ma cover:-). Enjoy your evening. Bring your bats with you and I’ll take you out on the “man” course.

     

     

    I’ll be in touch once bobm blows your cover.

     

     

     

    HH Bruv

  15. Alasdair MacLean on

    A Ceiler Gonof Rust,

     

     

    Barra, ha! We’re closer than you think!

     

     

    No, I love that stuff…was in the Islay, the Park, the Snaffle Bit and O’Neil’s to finish off…..very recently.

     

     

    Ma Mam’s fae the north of the Uists…check the alien “fae”…East Coast, West Coast, Comrades all……..no just….where did these words come from? Fae?

  18. Margaret McGill on

    A Ceiler Gonof Rust

     

     

    00:29 on 6 April, 2013

     

    I understand and its a fact. However, I will go one further and shame the Catholic secondary school teachers who buried some good kids on references once they left school. I knew of 3 such teachers.

  21. Thindimebhoy on

    Craigy boy will need round the clock protection now

     

     

    They thought Craigy Boy would be too scared to talk

     

     

    Oh the irony

     

     

    The press patsie bad guy seems to hold some aces and wants to talk

     

     

    Thats not good for the establishment or its club

     

     

    Craigy and Chuck in court in a fight to the death for control of Sevcos future old and new its existence

     

     

    My moneys on Craigy boy the David to slay Goilath and lead them to the promised land of rebrand

     

     

    Modern scriptural analogy

     

     

    Go gather your evidence like sheaves in the field at harvest time

     

     

    For those who dupe you they will pay ten thousand fold when you have the tapes

  22. A Ceiler Gonof Rust on

    Maggie, I don’t understand your last post but I guess its the old “no catholics wanted here” as per my early day intro to the big bad world.

     

     

    What did the teachers do to influence the decision?

     

     

    I know I was simply regarded as a papish bastard and disregarded by some employers, but I’m having the long last laugh and my young uns will never suffer what I did.

     

     

     

    Glasgow, dont you just wish the north koreans would smoke the place……………..Once we’ve won the double:-)

  24. butsybhoy on

    lucky cody 00:27

     

    i agree but my bro in-law and my best pall work for the DR.

     

     

    And they both say they wont last.

  25. Alasdair MacLean on

    macjay1 for Neil Lennon ,

     

     

    Ha ha…I was a recovering punk…very confused….in the days before Shane McGowan crystallised my musical feelings…then you had that!

  26. Margaret McGill on

    A Ceiler Gonof Rust

     

     

    00:55 on 6 April, 2013

     

     

    Yea I am agreeing with you in the main. It was troublesome to retrospectively discover that some old teachers had sold the jerseys.

  27. butsybhoy on

    RE THE BARCA MOLE ..

     

    how is going..let u know how the gathering.

     

    of the best support in the world get on the morra;

     

     

    Hail Hail

  30. macjay1 for Neil Lennon on

    Alasdair

     

    The singer,Aneka, was Mary Sandeman.

     

    A weel kent Gaelic singer.

  32. Alasdair MacLean on

    macjay1 for Neil Lennon ,

     

     

    Aye, Ah Know…!!!

     

     

    Ahm 52…….seem like yesterday though!

  37. butsybhoy on

    Gnof Rust 00:55

     

    I know I was simply regarded as a papish bastard and disregarded by some employers, but I’m having the long last laugh

     

     

    well never had that done to me in 40 odd years. but then again i might have just been lucky

     

     

    but have had the long last laugh .!!!!!!!

     

     

    keep the faith

     

     

    HailHAIL

  38. A Ceiler Gonof Rust on

    Alasdair, I’ve never made it past the northbay in barra. I once had a pint in lochmaddy when the ferry had to go the long way due to bad weather. One day I’ll go to the Uist’s and have a maddy on wild broon troot.

     

     

    But for now, I’m a barra man.

     

     

     

    And so is my bhoy and them bold Vatrsay bhoys.

  40. CaltonTongues on

    Apols for the late post, Comps gubbed,

     

     

     

    In the local, twas mobbed with Celtic fans from Sligo etc…

     

     

    All is well, then when it was quieter, plod turn up as usual, but, not quite as usual…

     

    The script is plod check the pub… nowt… Bar staff then take their number….

     

     

    But, tonight, no matter how busy a pub is you have to now, fill in a questionnaire type thing?WTF..

     

     

    During the filling in of the form, one, well me, asked young plod: Are you ketteling tomorrow.

     

     

    To which he replied: NO, THE OLDER ONE’S ARE DOING IT…

     

     

    WTF?

  41. A Ceiler Gonof Rust on

    butsybhoy 01:23 on 6 April, 2013 Gnof Rust 00:55

     

     

    well never had that done to me in 40 odd years. but then again i might have just been lucky.

     

    ……………………………………………….

     

     

     

    Well bruv, you were lucky. Did you leave school in 1980 and apply to:

     

     

    Rolls Royce, Babcocks, Weirs etc etc? Well I did. I know my RR application was binned without a second glance past my schooling. If I ever meet you I’ll tell you how I found this out.

     

     

    Luckily I got an interview with a wee swiss company in paisley, they couldnt give a toss which foot I kicked with.

     

     

     

    Dram time for acgr now.

     

     

     

    Let the huns eat each other till there’s none of them left.

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