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. stephenpollock

     

     

    thatcher dug out the butchers apron for many people

     

     

    i would give you a song to listen for one such people who took the brunt of thatcher’s ire, in her view they weren’t productive units and therefore were made to suffer, your reaction as to whether these people deserve it or not will tell you a lot about modern society and not just your own view.

     

     

    http://www.youtube.com/watch?v=ToKrmo9H8XY

  2. SwanseaBhoy, take yourself out and start a wee party of your own.

     

     

    Unbelievable reporting on the BBC, saying after her reign we had a politics of consensus, really, I thought they stripped the unions of any real powers and made them much easier to control, meaning management simply won many more disputes.

  3. TBJ

     

     

    He is a VERY big man,and you are feart of nobody .

     

     

    War could ensue.

     

     

    To be honest ,i’m not sure if you,me ,and PFAYR all jumped him ,that we would win.(;-)

     

     

    I would prefer to make love not war.(;-)

     

     

    TT

  4. celticrollercoaster on

    corkcelt

     

    21:55 on

     

    8 April, 2013

     

     

    Can vouch for TinyTim as a true Gent and too short also :-)

     

     

    As for Mickbhoy, well from his posts I would suggest that he is in a different category but then each to their own, and we do not have to agree. That’s why we are different is it?

     

     

    I did find a pic of him though, if that helps :-)

     

     

    http://commons.wikimedia.org/wiki/File:Metal_Mickey.jpg

     

     

    Just trying this power of suggestion thing :-)

     

     

    HH

     

     

    CRC

  5. St.John.Doyle on

    pggtips2

     

     

    22:03 on 8 April, 2013

     

     

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

     

     

    When the indy stupidity is rejected what the SNP will not talk about is the Tories are dead as an electable govt for the next 15 years at least. They cant get anywhere near a majority since they failed on their boundary changes.

     

     

    So the Tories will no longer be threat after 2015, I now it does not fit the SNP agenda but that is how the demographics are going similar to the republicans in the US.

     

     

    After the indy dream is gone the Nats will all turn on each other and die a slow death and i for 1 will be glad to observe it.

  6. spikeysauldman on

    stephenpollock – i hear what you are saying – but age should not excuse someone for their deeds in their younger years.

     

     

    for me, the party is premature when all her ideals are alive and well and stepping up a gear.

  7. The Boy Jinky on

    Corky

     

     

    I can vouch for tt being a genuine tim… so can many on here

     

     

    He attends most games… home and away.

     

    Hes no wind up merchant so he defo aint lying or at the wind up

     

     

    But

     

     

    Just cos he met that twat at st mirren .. doesnt mean the tosser aint what we all know he is… maybe not a hun… but I would never share a beer with someone like him.

  8. Did some retard really use the tragedy of the Omagh bombing as a comparison with Thatchers’ evils?

     

     

    One has to question the intelligence and motive behind such a posting on CQN. Stinks of Zombie although the poster professes to be a Tim. All I can say is thank god I do not know any Celts with a similar mind set.

  9. masty is neil lennon

     

     

    21:55 on 8 April, 2013

     

     

    petec..

     

    sorry mate. she never had a conscience to start with, she certainly never died with one….

     

    ________________________________________________________________________

     

     

    Do you think she wasn’t controlled by the men behind the curtains?

     

     

    Controlled Leaders come and go, deposed and heralded, or mocked, depending on the agenda.

     

     

    Thatcher looked the least controlled IMO looking back as the symbiotic partner of the good ole USA as it was heading towards Socialism and that never made any sense.

     

     

    It is my belief that MI6 would have been behind the bombing at Brighton. Ronnie was SHOT too to warn him also.

     

     

    Governments, FFS if you trust any of them you are on the rocky road to ruin.

     

     

    “That government is best which governs least” – “That government is best which governs not at all”

  10. Snake Plissken on

    Ernie

     

     

    It was to do with the gerrymandered 40% of the electorate rule in the 1979 referendum to prevent Scotland getting a Parliament as you well know.

     

     

    Nothing to do with helping Thatcher in the hope of turning an electorate towards them.

     

     

    It would be a hell of a long game if it were.

  11. charles kickham on

    If the sfa ask for a minutes applause at the weekend – they will definitely get silence

     

     

    She will never rest in peace for the damage she has caused

  12. BBC News at ten reported Gerry Adams views, fair play I suppose. I wonder if the people of Britain would understand “she embraced collusion”

     

     

    Just another in a long line of imperialist blood thirsty war mongering Brits whose policies in Ireland resulted in much misery

  13. croppybhoy

     

    22:14 on

     

    8 April, 2013

     

     

    You really think Milliband and Ed balls will win the next election ? and Scotland will boom with New Labour in charge

     

     

    Gies piece delusional guff

  14. st.john.doyle/croppybhoy

     

     

    you are both talking pash

     

     

    milipede is the most unelectable labour leader since foot, milipede looks like an alien, slightly less alien like than his brother to be fair to him.

  15. 16 roads - Neil Lennon walks on water. on

    Pope Francis has just tweeted from the Vatican: “How do you like my first miracle?”

  16. Brendan Behan said you can always tell The Terrorist from the “legitimate” Powers. The Terrorist is the guy with the small bomb.

  17. masty is neil lennon on

    petec

     

     

    way too many conspiricies there mo chara….do you really think mi6 was behind brighton?

  18. Not enough of a Christian to hope the witch rests in peace but enough of a christian not to rejoice in her or any other human beings death.

     

     

    Let’s just say the wicked witch is dead and leave it at that.

  19. Alasdair MacLean on

    Big bad Maggie done it all and now she’s gone.

     

     

    It’s amazing really…..won 3 general elections….and no-one voted for her.

  20. pggtips2

     

    22:26 on

     

    8 April, 2013

     

     

    Wait till the Mail, Express, Sun, Times, Torygraph, BBC start on Miliband and Balls in an election, it will not be pretty

     

     

    The tories fear UKIP not New Labour

  21. corkcelt

     

     

    22:27 on 8 April, 2013

     

     

    ‘Brendan Behan said you can always tell The Terrorist from the “legitimate” Powers. The Terrorist is the guy with the small bomb.’

     

     

     

    “Terrorism is the war of the poor, and war is the terrorism of the rich.”

     

    Peter Ustinov

  22. St.John.Doyle on

    Snake Plissken

     

     

    22:22 on 8 April, 2013

     

     

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

     

     

    it had nothing to do with the 40% rule the SNP offered to prop up the Ted Heath govt in 1974.

     

     

    The SNP have had an irrational hatred for Labour they know we are the main obstacle to their shortbread land of milk and honey.

     

     

    They would vote with anyone to defeat Labour that is why they mis-judged badly in 1979 and I for one will never forget what they did in that vote they created a monster and a vote for indy in 2014 will create another fascist monster by the creation of an OO/BNP/SDL fascist Party in Scotland that will get votes and we Scots will regret for at least a generation.

  23. lionroars67

     

     

    22:30 on 8 April, 2013

     

     

    UKIP will split the Tory vote.

     

     

    Check the bookies’ odds for the next election.

  24. Alasdair MacLean on

    masty is neil lennon

     

     

    22:31 on 8 April, 2013

     

     

    Alasdair MacLean

     

     

    she never won 3 elections in scotland..

     

    —————————————————————————————————-

     

     

    No such thing as Scotland. It was a UK and N. Ireland election.

  25. celticrollercoaster

     

     

    22:19 on 8 April, 2013

     

     

    And here was me thinking it was Mental

  26. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    Gary Neville is a lot better than Gray was, as the SS analyser

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