Green, Whyte, Sevco 5088 and the St Mirren link

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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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1,131 Comments

  1. The poles in question will do a good job for a fair cost!

     

    They’re reliable and will be there when we need them!

     

    Not a lot of conversation though!

     

     

     

    Wish I had said broom handles!

  2. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    twomacaroons

     

     

    16:54 on

     

    5 April, 2013

     

     

    Have you got the link, or when it was posted, please…

  3. This was the answer given by one 11 year old boy for the general knowledge part of an entrance test for a seminary in Scotland in the early seventies

     

     

    Q – “Who is Jock Stein?”

     

     

    A – “The best Protestant in Britain.”

  4. Watching Sally on SSN, he feels sorry for the supporters, why? Is it because they have a lump of a manager who is totally useless.

     

    Totally inarticulate and clueless. He looks like a rabbit caught in the headlights, almost feel sorry for him.

  5. doc is neil lennon

     

     

    Good retort.lol

     

    Hopefully things go well tomorrow and the police behave themselves, after all we pay their wages.

  6. Jungle Jim

     

     

    I reckon I would need to take a wee calf off work, if ernie and philvisreturns were to go out for a drink together and I was cordially invited.

     

     

    TSD and SFTB are always good reading, as long as you are not easily offended and see where both are coming from, if that is possible. It is early days but that has the potential to making me have to take 2 weeks off work, if I was cordially invited to their get together in the future. ;))

     

     

    Venue is OZ HEHEHE

     

     

    http://www.youtube.com/watch?v=m3pTT3AjN4A

     

     

    Primordial Screamers from down woleb.

     

     

    I’m serious about taking time off work to listen to all this jibber jabber. ;D

  7. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    If St Midden have entered into a dastardly pact with the Devil (sorry, I mean greengo&Agent Whyte), I wonder what the consequences of THAT will be …….. If it is confirmed, they have brought the game into disrepute…..no wait, that’s not a punishable offence in Scotland …. they’ll probably be given ‘friendly’ ref for their next few games….

  8. TwoMacaroons on

    Oh the fun of it all. The Rangers supporters, parting with their dosh for Season tickets for Agent Whyte AGAIN!!!!

     

     

    Conned TWICE, surely this must be a WURRALD RECURD!

  9. Che, self pity explains a lot.

     

     

    Sipsini, I think a large crowd of supporters will make for a peaceful protest, the Police will want this to pass off peacefully. It will be interesting to see what they do when the crowd starts to make its way to Celtic Park, it won’t be an organised march, but several thousand people leaving one place at one time with the same destination! They would have been far better to allow the march, they are going to get one, of sorts anyway.

     

    For any lurking Peelers, that’s not a call for one, just what happens in the circumstance outlined above.

  10. Jungle Jim, aye, did that earlier, two Ronnies sketch posted, the sketch was mentioned by others;-)

     

    One of my favourites, every time my wife puts candles on I ask her just to light four, been doing it so long she doesn’t even laugh any more.

  11. !!Bada Bing!! on

    For any lurking huns-you will be in a more competitive league next season,due to your -15 point penalty :)

  12. So Chuck and our Hero become the best double act since the Kray Twins or Bonnie & Clyde…

     

     

    Dignity and integrity are two things Chuck does not have in abundance…what he may have in abundance are fools…fools who berated our Hero and believed that Chuck was their bastion that saved their Club.

     

     

    Chuck has no dignity and his integrity has been shot to pieces by our Hero. Are the fools who were duped first by our Hero and then by Chuck finally going to wake up and smell the coffee…

     

     

    The Authorities will ignore the latest mud slinging and the fact that Green and White came up with Gold. They should not and show Chuck the red card.

     

     

    Could Sevco be about to thrown out of Scottish Football…I you know they wont, pity.

     

     

    Keep the Faith!

     

     

    Hail Hail!

  13. Doc is Neil Lennon

     

     

    let me say straight away, I am no fan of Sally. To me he is a loathsome type of hun who pretends to be your mate but secretly despises your religion and your team. I think we have all met a few of them.

     

    However having just watched the interview on SSN , he looks like a man who genuinely has been given a cup of cold sick for his dinner. I actually thought he handled the only tricky question quite well, he is in the dark about Charlies antics and is now realising that Charlie has used him as much as a copy of a Razzle in Longriggend. Still don`t feel sorry for him though.

  14. 67heaven, http://Www.onfieldsofgreen.com

     

     

    James F , top notch article . Cap doffed .

     

     

    Asonofdan. , can you post the share price URL ? I understand that the level of hilarity can rise and fall and past amusement is no indicator of future side-splitting mirth.

     

     

    paul67 , again , as an erstwhile poster and occasional late-night (half-)wit , I take great pride and delight in being part of this community . How good must you feel having created it ? Oh god. , I’ve just had my jim white moment !!!!!

     

     

    Sanna

  15. I think there have been far too many wrongs done to Sevco

     

     

    Wrong to attempt to get them back into SPL

     

    Wrong to attempt to get them into 1st Div

     

    Wrong to sell assets at cut down price

     

    Wrong to be awarded SFA share

     

    Wrong to be afforded SFL3 status

     

    Wrong to have been only fined £250K for 12 years of cheating Hunnery

     

    Wrong to have been deemed to have not benifitted from £47M pounds of free tax payers cash in the form of illegal EBT use in Scottish footy!

     

     

    I feel dreadfully sorry for all their wrongs!!!!

     

     

    MWD

  16. The wires between the news agencies the length and breadth of Glasgow,will be red hot, as editors agree on which party line to push.

     

     

    The talking heads should be fun tonight.

     

     

    Also interesting will be the Ross Co. and St.Mirren chairmen pushing the Save Sevco x2 at the SPL meeting on the 15 th.

     

     

    They cannot survive this.

     

     

    If they do, how can anyone turn up at any game under the SFA’s auspices.

  17. Am I the only one that is totally baffled with the twists and turns that are unravelling regarding Chuckles, Craig Whyte etc?

     

    What I cannot get my head around is that a company like Ticketus could be duped into providing working capital of 24 million in exchange for future ticket sales of a dying company. With no input into SB pricing or league positioning how can they ever hope to see any return? There has to be another agenda.

     

    We witness silly SFA charges against NFL yet the stench of criminality looms large.

     

     

    Hopefully tomorrow will be a memorable day on and off the park.

     

    The FAC rally could be the springboard for fan and club unity and potential gamechanging consequences, however there will be people and organisations in prominent positions desperate for negative headlines.

     

    We achieve much more if it is constructive, peaceful and non-confrontational. We can then all feel a sense of achievement as we walk to “Parkhead”.

     

     

    Tomorrow will be the first real test of this type of rally by the Scottish National Police force. ( Headquarters in Stirling ).

     

    Although this new force was created to provide ” greater efficiency” in reality it is a political move. Be aware not to provoke or provide any perceived aggression.

     

     

    HH.

  18. !!Bada Bing!!

     

     

    17:24 on 5 April, 2013

     

     

    For any lurking huns-you will be in a more competitive league next season,due to your -15 point penalty :)

     

    ____________________________________________________________________

     

     

    As gallagher said initially on CQN, or words to this effect, when the Big Hoose is sold and demolished then the HUN will know they are no more.

     

     

    We need to be very careful though that we Flourish with the responsibility of being Scotlands Leader.

     

     

    I have nae Faith in Man, ffs I keep sinning inadvertently and I complain in my own Mind about the most trivial of things.

     

     

    http://www.youtube.com/watch?v=RwUGSYDKUxU

  19. TwoMacaroons on

    I feel sorry for those honest Teams in the 3rd division. Whoever gets 2nd place(prob Queens Park) should really have been Champions and have been robbed of a trophy.

     

    We know how you feel.

  20. obonfanti1888 on

    Nanananananannanananananana, Craigy Whyte, Craigy Whyte, Craigy, Craigy Whyte!!!

  21. The Moon Bhoys on

    if John Daly is seen as such a valuable asset for sevco, why don’t we snatch him? I’ve heard McCoist say on more than one occasion how he would love 2 Lee McCulloch’s, one up front and one in defence, he sees Daly as LM2. We should buy him, he would be an excellent squad player for us, and it would damage the bhuns.

  22. The Honest Cover-up on

    There seems to be a few folk feeling sympathy for McCoist.

     

    It’s worth remembering that he only started drumming up support for Green after Chucky handed him a big pile of shares (£500k worth)

     

    McCoist is certainly as thick as a pound of mince and maybe he didn’t know what Green was up to but he is as greedy as any of the spivs involved in this. That’s why I don’t have an ounce of sympathy for him.

  23. James Forrest is Neil Lennon! We are ALL Neil Lennon!

     

    16:34 on

     

    5 April, 2013

     

    http://www.onfieldsofgreen.com/?p=636

     

     

    The Enemies of Rangers are inside the walls ….

     

     

    Oh what fun!

     

    —————————–

     

    Some excellent points there James, making it hard indeed impossible for the SFA not to get involved or be removed.

  24. It all seems delicious. I know that kinda thinking verges on the loopy, but the caniptions these muppets get up to are as good as tomato soup and toast.

     

    They are absolutely rippin’ the proverbial out of it all and I cannae stop laughin’.

     

    Do they they think the national game is just one big rubber room to bounce around in? And that they can co-opt any old orange clown into rhe shenanigans for a few shekels an’ a bevvy?

     

    At the absolute worst they’ve handed us European football in perpetuity……at best they’re all ending up in the dock or marmalised by their own.

     

    Surreal and sublime.

     

    How does our game get fixed? It’s an utter farce. I find it incredible.

  25. The polis allowed a few thousand Juventus fans to march en-block from the city center to Celtic Park .

     

    In fact they seemed happy to escort them in spite of them taking up the whole road.

     

    One rule for the huns and Juve and another for the tims.

  26. Afternoon all

     

     

    Excellent article Paul – very succinct for an economic and legal illiterate such as myself .

     

     

    Even better article by James Forrest – (am I allowed to say this here?). Joins the dots . Cf. comment re economic and legal literacy and add inability to see how it all fits.

     

     

    I did though read Chris McLaughlin on BBC website. Does he get paid for regurgitating Sun exclusives?

     

     

     

    Jimbo