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. Whilst we are on the subject of Thatcher being responsible for all these deaths.

     

     

    We should not forget that Tony Blair took us into an illegal war.

     

     

    I am politically neutral and have no political allegiances.

     

     

    Most politicians are in it for themselves.

     

     

    I respect very few of them.

     

     

    The one current exception to this is George Galloway.

     

     

    TT

  2. masty is neil lennon on

    as i posted earlier today, some on here a bit more gracious on thatchers death,again as i said earlier i hope she walks on hot coals for eternity…..there will be hundreds if not thousands of families from the ayshire coal fields, lanarkshires steel and coal communities, fifes coal miners,yorkshires coal miners celebrating tonight, the list is endless, and of course the hundreds of families that lost young men to the cages, all because of this egotistical dog…

  3. PFayr

     

     

    Agree totally! In 1975 the same year North Sea oil started flowing, (probably the one and only time the Queen visited Grangemouth), the IMF tried to pull the plug on the Labour led government and Thatcher became Tory leader. When she came to power, in 1979 the UK was self sufficient (bar technical imports) in oil production, and by 1982, the year of the Falklands War, was the fifth biggest exporter. She was an economic illiterate, a glorified bean counter and a front for vested interests. Without oil she would not have closed down one coal mine, but interestingly enough the first pit she closed in late 1983, was in Boness, just a few miles down river from where Lizzie opened the first valve. Sold off whole industries for a song, to a gullible public who already owned them, one of which included BP, the owners of that refinery back in 1975. The refinery itself is now fifty per cent owned by the Chinese State investment corporation. China, a country with as much respect for Trade Unions as Thatcher herself had. Sold us, literally, down the river.

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

    mickbhoy1888

     

     

    21:31 on 8 April, 2013

     

     

    Tell that to the Shankhill Butchers etc….but let’s not compare atrocities since I think you know what the outcome would be….let’s just hope that the good people of the north of Ireland will continue to live together in peace…you can contribute to that by not trying to score points when you are on a loser…

  5. corkcelt

     

     

    Auto suggestion…

     

    I told a girl I was splitting up with that she would see my face not her new partner’s every time as she approached ecstasy.

     

    I met her 20 years later and all she said was B@?#@rd (with a wry smile)

  6. She split the country, she still does.

     

     

    She changed the hegemony, we’re still paying for it.

  7. pggtips2

     

     

    18:24 on 8 April, 2013

     

     

     

    Salmond’s view of Thatcher.

     

     

    ‘We didn’t mind the economic side so much.’

  8. squire danaher on

    mickbhoy1888

     

     

    Having read your contributions over recent days I have no desire to discuss anything with you.

     

     

    Your effort to score points by invoking the Omagh bombing sums you up.

     

     

    Do you keep copies of articles regarding the lost souls on the General Belgrano?

  9. I really hate politics and I really hated Thatcher back when she was turning up at the Cup Final. I didn’t have a clue about politics back then being brutally honest but I relied on the MSM for INFORMATION then, to me NOW it is a control mechanism although it wasn’t obvious then without the internet, a dastardly control mechanism as the poor Huns are finding out. :))))

     

     

    If Thatcher was lower Middle Class initially she would have been a very impressionable and an easily manipulated person for the real SCUM that perpetrate misery on all our lives and these persons are wrecking balling the whole World at the moment.

     

     

    It is the Families behind the public face that really need to be identified and the HEAT put on THEM because they will not stop. If that doesn’t happen we are farting in the WIND.

  10. Big smile on my face tonight. Beer in hand. Just hope we can use this in a positive way so that kids dont suffer the nonsense I, and many others, did in the eighties. The country seems similar for young people.

  11. Stringer Bell on

    Had a wee wander into George Sq earlier. About 300-400 having a bit of a singalong and a laugh.

     

     

    A green smoke bomb went off, mibbe some green brigadiers in attendance…..

     

     

    As I was walking up to the group, a familiar chant went up. This time though, there was a difference….

     

     

    Maggie Maggie Maggie

     

     

    DEED DEED DEED

     

     

    Maggie Maggie Maggie

     

     

    DEED DEED DEED

     

     

    Maggie

     

     

    DEED

     

     

    Maggie

     

     

    DEED

     

     

    Maggie Maggie Maggie

     

     

    DEED DEED DEED

     

     

    Certainly made me smile.

     

     

    I have a strong and burning hatred for everything she was and the legacy she spawned.

     

     

    She begat a generation that included Rifkind, Michael Forsythe, Hurd, Tebbit, Parkinson, Currie, Gummer, and so on. These arrogant bstds were empowered by her ideology and emboldened by her maniacal hold on the levers of the state. And they took it out on us – the poor and the working lower middle classes.

     

     

    I respect there are those who have different views, I have no issue with that. If I offend, then I regret that, but it won’t deter me from making my post.

     

     

    I’m not sorry she’s gone. I’m sorry there are still others left.

     

     

    Rot in hell.

  12. The Honest Cover-up on

    I too am of the mind that Thatcher was a wretched woman but I can’t take joy in her passing.

     

    While I think it’s important that the truth is told about her today I find the George Square party images a bit embarrassing.

     

    The puzzling thing for me is that many of those “celebrating” will be liberals against the death penalty. I don’t feel any joy when a dictator or serial killer is executed and likewise I don’t take pleasure from this horrible old woman’s death.

     

    I realise she wasn’t sentenced to death by the state but the celebrations just don’t sit easy with me.

     

    Having said all that it shows how deep was the damage she did to this country that even her death is dividing so many people.

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

    ManU are good losers, eh….still not as bad as oldco in the shame game though

  14. Oh well, barred of two ex pat brit sites in one day, must be some sort of wurld record.

     

     

    And I thot that the english had a sence of humor……..

     

     

    Seems they didny like the dancing on the grave thing due to the fragile bones, all cos of the lack of milk when I was a wean, as I said, na sence of humor.

  15. If we were 2-1 down I wouldn’t be expecting our players to kick the ball out because the opposition player is down holding his leg

  16. St.John.Doyle on

    pggtips2

     

     

    21:34 on 8 April, 2013

     

    ********************************

     

    the SNP had an alliance with the Tories to get every budget through the SP in their first government but asked the Tories not to go public with it as it was too embarrassing Tartan tories in 1979 and Tartan Tories to this day, nearly every vote in westminster during the last Labour Govt the SNP rump always voted with the Tories.

     

     

    Winnie Ewing when she was a MEP the Group she voted with and the SNP was part of was the fascist nationalist group with Jean Marie Le Pen (Sp) so not only are the SNP complicit with the Tories they also collaborate with fascists, as I said this is a long tradition in the SNP of fascist anti-Catholic behaviour, nasty people who should never be trusted

  17. lionroars67

     

     

    those criticising salmond are only the tory posh bhoys dressed up as nu-liebour, nu-liebour are tory posh bhoys in scotland, they would have no need for the red garments in the south east

  18. masty is neil lennon on

    got this from another site the author is at the bottom….

     

     

    That makes me feel this way

     

    That forces me to think of it

     

    With every passing day.

     

    It makes me hate and wait

     

    To hear it’s dying breath

     

    For that I’m sure it must endure

     

    A slow and painful death.

     

     

    It’s loathed in Buenos Aires

     

    Likewise in Crossmaglen

     

    Despised in every closed down pit

     

    From Kent to Bilsten Glen

     

    It deprived men of their livelihood

     

    It stripped them of their pride

     

    It took their coal and gave them dole

     

    Their dignity denied.

     

     

    It tore apart communities

     

    It devastated lives

     

    It made enemies of neighbours

     

    And left husbands without wives

     

    It disregarded consequence

     

    It killed both young and old

     

    It privatised our heat and light

     

    And left us dark and cold.

     

     

    It undermined democracy

     

    Sold council homes for votes

     

    It hid the truth on Hillsborough

     

    As history denotes

     

    It robbed the poor to pay the rich

     

    With unjust, unfair taxation

     

    The price of which is being paid

     

    By another generation

     

     

    It murdered Argentine conscripts

     

    In the South Atlantic seas

     

    Outside its own exclusion zone

     

    It let them drown or freeze

     

    It delegated evil

     

    From its Whitehall ivory tower

     

    It kept Mandela in prison

     

    And Pinochet in power.

     

     

    It wreaked its trail of terror

     

    ‘cross Ulsters rolling hills

     

    It ran the Loyalist death squads

     

    It sanctioned shoot to kill

     

    It took three ‘out’ without a shout

     

    In cold blood upon the Rock

     

    And let ten Irish martyrs die

     

    Of hunger in the Blocks.

     

     

    But now that day of judgement came

     

    As all things come to pass

     

    We shed no tears nor mourn its loss

     

    Among the working class

     

    Tonight we’ll meet on every street

     

    In every town and city

     

    And tramp it down into the ground

     

    Without remorse or pity.

     

     

    Pakie Baker 8th April 2013

  19. I have only ever read one book that caused me to have nightmares.

     

     

    It was The Shankhill Butchers.

     

     

    That being said atrocities have been committed by both sides.

     

     

    Man’s inhumanity to his fellow man,has known no bounds.

     

     

    There is a great deal of hypocrisy that i have read on here today from posters who proclaim their Roman Catholic ideals ,yet seem to lack some.

     

     

    As Frank Carson said.

     

     

    “There are too many Catholics,Too many Protestants , and not enough Christians.”

     

     

    All of that being said ,the woman was responsible for so much sorrow for so many.

     

     

    TT

  20. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    Well done, City….great game

  21. I hope Thatcher Rests in Peace because IMO, her conscience would have been VERY heavy and been a burden all of her days.

     

     

    I want every person to Rest in Peace, even those that have done me wrong because the afterlife is eternal.

     

     

    God will mete out the appropriate Judgement to ALL of us, and that scares me a lot more than anything, as I have not been a good person when I scrutinise things, I’d never do anyone a bad turn but there is no doubt I have been selfish throughout my life.

  22. The Boy Jinky on

    Ding dong

     

     

    An argie scores the winner on the day the witch died… rot in hell bitch

  23. Alasdair MacLean on

    I don’t feel anything for Thatcher. Never liked her when she was in power. Politics or person.

     

     

    Think all the dancing on her grave attitude is a tad simplistic though.

     

     

    I do wonder what responsibility for her actions do the people have who voted her in, —-3 times.

  24. May I make an observation, I am open to correction on this as I haven’t scrolled back to check. Mickbhoy1888 has as many of you know made a number of controversial posts which had many of us thinking he was a Hun. He was posting “from the terraces at St. Mirren Game” and was being called out as a Hun. Next thing TinyTim comes in to tell us that Mickbhoy was indeed a genuine Celt because by a mighty co-incidence they were sitting along side each other at the game and he spotted Mickbhoy looking up CQN on his smartphone. Improbable but possible scenario. Mickbhoy comes on the thread tonight and 10 minutes later TinyTim comes on, anyone find that strange.

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