Newco, the Record and the police

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It’s not often CQN quotes the Daily Record, so hold onto your bonnets……….

Most of us have been watching the old media/new media for years.  Actual news is now well and truly in the domain of the new media but when it comes to some matters, the authority of the old media seems to be greater than the new.

Think back to those scenes at Inverness last year when Jelly ‘n’ Ice Cream was given its first outing.  That reaction came after the Daily Record put their weight behind the notion that many of us had been saying for weeks/months/years, that Rangers were going out of business.  It wasn’t actual news, everyone had heard the same stories many times, but when the Record went on-record, the remaining doubters were convinced.

Viewed through this prism, when today’s Record raises the spectre of police and liquidator action, even the most sceptical must know things are serious.  This morning they urge Newco’s chairman Malcolm Murray to:

“Tell the stock market his board understands the explosive nature of Whyte’s claims and that they are on top of their duties.  He should order his own investigation, hire independent accountants and lawyers to examine all evidence, while co-operating in full with the police and with liquidators BDO.

“That’s the kind of decisive action Murray should be taking this morning and I suspect it’s precisely what he wants to do.  But if he does not emerge at some point today or tomorrow then it means he is being undermined by his fellow directors who have baulked when implored by him to do the right thing.

“His allies – if any – should go with him because if they share his concerns but fail to act upon them they too risk massive reputational damage.  Maybe even worse than that if the police become involved. That’s how serious the situation has become”.

The allegations made by Craig Whyte last week are more serious than any charge previously levelled at a football club board in Scotland, infinitely more serious than what has been alleged about Craig Whyte, Sir David Murray or Campbell Ogilvie.  They have, of course, come from a man who has been shown to be liberal with his use of facts, but they have been made about Green, who has admitted he tells people what they want to hear in order to get his way.

The Record have also realised the consequences of Green and Whyte colluding during the administration process:

“Green was eventually allowed to pick up the club’s assets for the paltry figure of £5.5m. A deal agreed with Duff and Phelps which excluded rival bids from any other party.

This was as unfathomable agreement that may have cost creditors millions – and which was triggered the second Green’s group stumped up enough money to secure preferred bidder status.

Now it has been further claimed that in order to help scramble that deposit together, Whyte dumped £137,500 into an account belonging to Ahmad’s mother.

Again, this will be of great interest to the authorities because, essentially, this was the very moment Green and his backers were given a clean run at picking up a £50m business for a pittance.”

Newco’s independent non-executive directors, including the chairman, are in a difficult position.  If they were not previously aware of the collusion between Green and Whyte they may be of a mind to resign, but as non-execs, it was their job to look after the interests of stakeholders before the smelly stuff lands, which they have clearly failed to do.

Scottish football has had a troublesome couple of years as it prepared for and dealt with the consequences of the liquidation of Rangers.  Unless Whyte’s claims can be proven to be without foundation, and unless BDO take a kind view of Charles Green’s agreement with Craig Whyte, the months ahead will at least provide some finality.  Stewart Gilmour at St Mirren will have a great deal to think about ahead of his board meeting on Wednesday.

Just think, without so many people backing Charles Green the ‘Rangers’ brand could be in the hands of Brian Kennedy right now! If you see someone preaching the gospel according to Charles Green, don’t try to undermine their faith.


Photo by Vagelis at Biglens

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  1. The Boy Jinky on

    To all the hand wringers

     

    Away wi ye….

     

     

    Ive waited a long long long time to see that heartless bitch.. go to hell.

     

     

    If you have any sympathy. .. send it to her millions of victims. ..

  2. Did not realise we had so many Tory bhoys on here.

     

     

    Or maybe they just don’t have a clue what it was like to live under her horrible rule.

     

     

    Hunger Strikers, Falklands, Miners Strike, Poll Tax, Student Loans, Hillsborough…

     

     

    I could go on all night listing her acts of evil…

  3. Celtic Trust ‏@TheCelticTrust 2m

     

    We are at 3394 – can we make it 4000 before the end of the night? ##

     

     

    song for Spiers……………..spirit in the sky

  4. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    earlspark1

     

     

    20:53 on 8 April, 2013

     

     

    As you will have noticed, I have not said anything, since I don’t speak ill of the dead, BUT MARGARET THATCHER TOOK NO PRISONERS ON HER EGOTISTIC QUEST / HUNGER FOR POWER……SHE DEVASTATED MANY LIFES / FAMILIES and it is no surprise to me that she is not being ‘universally’ appreciated / remembered…..

  5. squire danaher on

    PFayr

     

     

    Only caught the end of C4 news – what did AS say which provoked the salami-ing apology from J Snow??

     

     

    BTW check the picture on C4 news site of the Free Derry gable end

  6. BBC……………………………………

     

     

    Rangers chief Charles Green criticised for ‘racist’ remark

     

     

    Charles Green’s comments were labelled “racist and offensive”

     

    An anti-racism charity has criticised Rangers chief executive Charles Green for using the term “Paki”.

     

     

    Newspaper reports at the weekend quoted Mr Green as saying he sometimes refers to the former Ibrox director, Imran Ahmad, as his “little Paki friend”.

     

     

    Show Racism the Red Card said the comments were “ill-advised” and “racist and offensive”.

     

     

    Mr Green said that he “deplores” racism and sectarianism, while accusing the organisation of a “knee-jerk reaction”.

     

     

    The Rangers chief executive used the term in an interview published by The Scottish Sun newspaper.

     

     

    The article quotes Mr Green as saying that “he hates the growing political correctness that is creeping into society and revealed he still refers to Rangers business partner Imran Ahmad as ‘my P*** friend'”.

     

     

    ‘Highly-offensive’

     

     

    That has brought a strongly-worded response from Show Racism the Red Card’s chief executive, Ged Grebby.

     

     

     

     

    Start Quote

     

     

    It is unfortunate that Show Racism the Red Card has fallen into the trap of taking something out of context and giving a knee-jerk reaction”

     

     

    Charles Green

     

     

    Rangers chief executive

     

     

    He said: “The comments of Charles Green are very ill-advised and someone in his public position should really know better than to use this kind of racist and offensive language.

     

     

    “The use of the term ‘Paki’ is highly offensive and it is something that we at Show Racism the Red Card are trying to educate young people against.

     

     

    “For the CEO of Rangers to use the term in any context is not helpful as it sends out the wrong message to young people.”

     

     

    Mr Grebby said the charity had a “long-standing working relationship with Rangers” and the club was “an excellent supporter” of the charity’s anti-racism and anti-sectarianism campaigns.

     

     

    He said a significant part of its education campaigns looked “into terminology and defining what is appropriate”.

     

     

    Responding to the criticism, Mr Green said: “It is unfortunate that Show Racism the Red Card has fallen into the trap of taking something out of context and giving a knee-jerk reaction.

     

     

    “In the interview, I referred to the fact we are now living in a politically correct world where words and phrases that were once used are no longer acceptable.

     

     

    “My use of the word ‘Paki’ was when I was referring to how I sometimes warmly address my colleague and friend Imran Ahmad when we meet, something we both know is light-hearted.

     

     

    “I deplore racism and sectarianism and this football club does a huge amount of work in this area to help eradicate these problems.”

  7. Dontbrattbakkinanger on

    MHT did pick ‘Telstar’ as one of her Desert Island Discs, so there was a spark there somewhere.

     

     

    She has been as divisive in death as she was in life.

  8. the long wait is over on

    While Margaret Thatcher made my skin crawl I cannot “celebrate” anyone’s death.

     

     

    Doing so smacks of the very lack of compassion which appeared to be at her very core.

  9. asonofdan

     

     

    you’ve obviously not been reading the bulk of the comments then

     

     

    most of the comments are dressed up as being from a nu-liebour hue, but the difference between nu-liebour and tory is as much as a hairsbreadth in political terms and therefore tolerated by the tory posh bhoys

     

     

    more power to you for ignoring them :)

     

     

    some can’t, unfortunately…

  10. Snake Plissken on

    In truth I am not celebrating.

     

     

    I thought I would be but I’m not.

     

     

    I can still see the eyes of people I knew going through hell at the time and I think about those I knew who had their lives affected so badly by her.

     

     

    I cannot celebrate. I can only feel bad memories returning.

     

     

    She died with a legacy of destruction behind her.

     

     

    I’m not celebrating but I’m not sorry either.

  11. squire danaher on

    TLWIO 21:13

     

     

    I would agree in normal circumstances but these are no ordinary circumstances bearing in mind the range of suffering caused to disparate groups consisting millions in Africa, Argentina, Ireland and across the industrial heartlands of the UK.

     

     

    May she rot in Hell

  12. DBBIA

     

     

    Sadly, according to the DID archive website she did not choose that disc.

     

     

    A Beethoven, A Verdi, A Dvorak, Mendelsohn and Mascagni rounded off by Irene Dunn’s “Smoke gets in your eyes” (which was prescient) and Bob Newhart’s “Tobacco schtick” (probably on PR advice to continue the rumour that she was human)

  13. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    eldiegobhoy

     

     

    20:56 on 8 April, 2013

     

     

    Behave yourself ….we live in a democracy, where politicians touch the lives of many people….some are remembered fondly, for the good that they have done for as many people as possible…..others are remembered for their brutality etc…

     

     

    Politics is one area where feelings run high,and are exressed candidly / passionately, even by politicians when they are trying to ‘destroy’ each other…and they don’t care what depths they have to sink to, to expand their ‘power’, (or maximise their expenses)…it’s a dirty business….

  14. Been out…

     

     

    stephenpollock

     

    17:40 on

     

    8 April, 2013

     

    Tom Courtney – Immature mate but hey I’m a man not a child so your insult reflects badly on you.

     

    ————————

     

    There is a huge difference between expressing an opinion and pontificating.

     

     

    It appears to have gone over your head but my post

     

     

    “stephenBollocks 14.06 No apologies”

     

     

    was not an insult it was a tad more subtle.

     

     

    When your future ‘posts’ are read your moniker ‘stephenpollock’ will in the mind of the reader immediately be associated with ‘stephenBollocks’ more suited to the content which generally follows.

     

    It’s a form of auto suggestion which even you will not be able to get out of your head…

     

    stephenpollock/stephenBollocks

     

     

    Not sure if stephenBollocks is allowed on the board, maybe I’m in trouble with P67.

     

    If it’s not allowed I promise not to type stephenBollocks again.

  15. cliftonville celt from belfast on

    Thatcher died 32 years to the day that Bobby Sands was elected MP for Fermanagh & south Tyrone poetic

     

     

    Bobby always said our revenge would be the laughter of our children & as I sit here now playing and laughing with my children I remember the suffering that allowed me to enjoy this

     

     

    Stephenpollock and friends try and explain your excuses to the children of civilians murdered by government sponsored death squads signed off by her or to the parents of the children murdered by plastic & rubber bullets fired by her troops our suffering will never be forgotten nor forgiven even though the British media will try their best to air brush it out of history

  16. Dontbrattbakkinanger on

    SFTB- really? next you’ll be tellin’ me ole Henry Kissinger does not support Greuther Furth, ,and instead is yet another Bayern glory hunter.

     

     

    This leaves a gap in the ‘saving graces’ column for the alderman’s daughter.

  17. Totally fought against the nasty & vindictive woman when she was politically active.

     

     

    Totally indifferent as to her death.

     

     

    Totally committed to fighting on against nasty & vindictive successors.

  18. pggtips

     

     

    Alex Salmond was one of those leading the tributes tonight but, if you were watching TV with one eye, or listening with one ear, you may have missed that.

     

     

    She was no Little Englander. She was a Grammar School product who saw her countrymen and women as chavs to be ruled.

  19. ElDiegoBhoy

     

    20:56 on

     

    8 April, 2013

     

    I think this site has been shamefully abused today. Wouldn’t blame Paul67 for closing it down for a few days.

     

     

    —————————————————————-

     

     

    Far from it. You may have noticed an earlier post from Paul saying “Thatcher broke the blog”. She broke a lot more, of that I can personally testify.

     

     

    There’s plenty of Maggie-lovin’ on tv right now so why not go there if you’re offended?

  20. I don’t consider myself a ‘bleeding heart’ or ‘hand wringer’.

     

    But, if it makes people any more happier in their celebrations tonight to think that of people who wouldn’t celebrate the death of someone, fill yer boots lhads.

     

    I’ve been called a lot worse!

     

     

    SPF

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