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. squire danaher on

    Oglach 22:21

     

     

    That clown mickbhoy posted a link about 9pm comprising a newspaper article from a bereaved parent who’d lost a child at Omagh

     

     

    The reader was invited to acknowledge that none of the bitch’s atrocities could be compared to the Omagh bombing

     

     

    He directed that at several posters including me

  2. In line with some other comments tonight.

     

    Shame on you who were happy when you heard of the deaths of people like Hitler,Mussolini,Stalin,Pol Pot etc.and this poor wee auld wummin who died today

     

    Why can’t you be as righteous as me and renounce such views.

     

    Don’t you know that would make you nearly as good as me?

     

     

    What was it Neil Lennon called Goodwin again?

  3. Lion/tips

     

     

    Who said anything about Labour winning the next election?

     

    See if Scotland goes independent and you don’t get your socialist uptopia and instead get a country dominated by the banking set in Edinburgh and the country house set and farmers from everywhere apart from the central belt – will you be advocating independence for Strathclyde?

     

    Don’t you realise that you will be part of a minority which is disliked already?

     

    Were you protesting on Saturday against the Football legislation?

     

    Can you not see where that sort of “levelling up” will lead?

     

    Any advances that the Catholic Irish have experienced in Scotland have come about by and through the work of the wider Labour movement in Britain

     

    So gies us all peace wee man!

     

     

    HH

  4. St.John.Doyle on

    pggtips2

     

     

    22:26 on 8 April, 2013

     

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

     

     

    Labour will win a massive majority in 2015 the Lib Dems are toxic the Tories will become more unpopular as austerity bites and the Tories will be at risk from many votes from UKIP.

     

     

    Many Labour victories at westminster and you just cant take it.

     

     

    SNP lose indy re 2014f, trounced at westminster 2015, beaten in SP in 2016 and booted out in the few councils they have in 2017. Whats not to like, SNP 2018 down to the 17% polling figures they had under Swinney and nae wee Eck to save them.

  5. ernie lynch @ 22:32

     

     

    that must be why ukip picked up the lib dems vote in the south east in the last election rather than tory

     

     

    looks like a hung parliament with the tories in a clear first place and that’s even with liebour getting another scottish block vote in 2015

  6. RIP Mags

     

    If the unions still had their way it would still take 10 comrades to change a light bulb in this country

  7. masty is neil lennon

     

     

    22:28 on 8 April, 2013

     

     

    petec

     

     

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

     

    _______________________________________________________________________

     

     

    Please don’t think I shoot Conspiracy theories. ;))

     

     

    Have you never thought about that?

     

     

    Do you think MI6 means a guy named Bartholomew Jack done this…. :)

     

     

    The Politics around about that time should hint at whether it was a Government bombing. Most Bombings are done by Governments IMO.

  8. ernie lynch

     

    22:32 on

     

    8 April, 2013

     

     

    We will see Ernie, Labour do not have the political heavyweights to overcome the Tory MSM in London, when the election gets underway Balls will be pressurised and exposed on his lack of ability to run the economy and poor Miliband will be ripped a new one by tory press attack dogs, as i said it wont be pretty

  9. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    16 roads – neil lennon walks on water.

     

     

    22:26 on

     

    8 April, 2013

     

     

    You’re a bad man…….!!

  10. From the mouth of babes.

     

     

    Grand daughter, nearly six said to her Ma tonight, about maggie…….

     

     

    That’s the woman I was telling you about, she has been stroked to death……….brilliant stuff.

  11. st.john.doyle @ 22.38

     

     

    i think you’re already living with the saints with that last post

  12. squire danaher on

    Ulster Celt 22:24

     

     

    Yes but they cut the piece at the point where GA went on to disclose that her government had initiated covert lines of communication with SF leadership at the same time she had imposed censorship on the same people

     

     

    The quote is either on the BBC or RTE website rolling coverage

     

     

    So we can also give her the label of HYPOCRITE

  13. lionroars67

     

     

    22:39 on 8 April, 2013

     

     

     

    If that’s what you believe get down the bookies tomorrow morning.

     

     

    You obviously know better than them.

  14. celticrollercoaster on

    Mickbhoy1888

     

     

    To be on this blog at times, mental would be a more appropriate description for a lot of us.

     

     

    HH

     

     

    CRC

  15. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    mickbhoy1888

     

     

    22:39 on

     

    8 April, 2013

     

     

    I’m glad you made that comment ……. The characteristics of a narrow-minded bhun …… You should post that on FF .. would be well-received…..

  16. THE EXILED TIM

     

     

    22:40 on 8 April, 2013

     

     

     

    Apparently the first reports on the BBC website said that she’d died from a strike.

  17. St.John.Doyle on

    pggtips2

     

     

    22:38 on 8 April, 2013

     

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

     

     

    That was a by-election UKIP will not be able to transfer the vote in a general election into many seats that was a protest vote, in a general election they will in most instances eat into Tory majorities by splitting the vote

     

     

    Massive Labour majority I do like that

  18. celticrollercoaster

     

     

    20:57 on

     

    8 April, 2013

     

    Don’t want to mock the dead (other than the zombies, who are technically undead), but I did have a laugh at this one!

     

     

    masty is neil lennon

     

    13:49 on

     

    8 April, 2013

     

    margaret hilda thatcher born grantham 13th october 1925, died london 8th april 2013, sadly missed brighton 12th october 1984.

     

     

    HH

     

     

    CRC

     

     

     

    Thought that was in poor taste….CRC. I loathe Margaret Thatcher but mocking an incident that killed and maimed innocent people is poor taste. Think the blog has lost it’s moral standing a few times tonight.

  19. Alasdair Maclean

     

     

    Correction! Technically Northern Ireland is part of the UK. No gold star!

     

     

    St John Doyle;

     

     

    Shouldn’t that be “rational”?

  20. Mickbhoy1888

     

     

    I absolutely rejoice in her death.

     

    RIP naw…RIH…Rot In Hell

     

    An utterly evil auld bitch

     

    HH

     

    medtim

  21. kelvin, There is such a thing as “black humour”, not a great fan of it myself but it is a legitimate genre.

  22. Squire

     

     

    They also cut Peter robinson’s quote. He criticised her for the Anglo Irish agreement directly before the clip they showed, but they did show GA. that was surprising

     

     

    UC

  23. ernie lynch

     

    22:41 on

     

    8 April, 2013

     

     

    How much have you put on an outright New Labour win Ernie, according to you easy money

     

     

    What about the size of the majority New Labour will get? surely with your expert knowledge an easy prediction, more easy money

     

     

    What odds did you get, how much do you expect to win

  24. St.John.Doyle on

    pggtips2

     

     

    22:40 on 8 April, 2013

     

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

     

     

    That is my political analysis it seems to be backed up by opinion polls and by-election results your Brigadoon nirvana will be gone soon just like your wee Party when all the SNP factions blame each other for not being pro-indy enough.

     

     

    I have made my predictions to be shot at what is yours and we can tick them off as you fail.

  25. kikinthenakas on

    Petec

     

     

    If elections made any difference we wouldn’t have them

     

     

    Kikinthenakas

  26. The Boy Jinky on

    Kelvinbhoy

     

    Im sure the witch showed the same sorrow for the innocents her troops and policies killed

  27. masty is neil lennon on

    kelvinbhoy

     

     

    moral standing? are ye havin a laugh? did you see paul’s post about her breaking the blog? you dont agree fine, no probs, but dont call my morals into this, IN MY OPINION the wummin was a rat..

  28. squire danaher on

    Ulster-Celt

     

     

    Yes, that was also on the website and edited for the main news bulletin

     

     

    Couldn’t have the Loyalists condemning the leader of the Conservative and Unionist UK Government ha

  29. St.John.Doyle on

    Celtic Mac

     

     

    22:44 on 8 April, 2013

     

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

     

     

    Sorry for an typos are grammar mistakes not the fastest of keyboard wizards and typing while in a state of euphoria (spiced rum) is always a mistake.

     

     

    But you get my point

  30. ernie lynch

     

    22:44 on

     

    8 April, 2013

     

    Whyte is still the devil

     

    Green has destroyed reconstuction

     

    St Mirren & ross county cant live without them.

     

    EVERYBODY is out to get them except their new pal S Gilmour of St Mirren

     

    AND THEY ARE ASKING FOR SOMEONE TO EXPLAIN HOW P**I is offensive.

     

     

    and that is only a quick squint

  31. jude2005 is Neil Lennon \o/ on

    MICKBHOY1888

     

     

    IT ONLY TOOK A FEW TOP BRASS AT THE BANKS TO FIDDLE THE LIBOR RATE AND TROUSER BILLIONS!!!

  32. celticrollercoaster on

    Kelvinbhoy

     

     

    Never mocked the event or the deaths then or today, just thought the posting was a clever play on words( ok maybe clever not the right word).

     

     

    Each to their own as they say.

     

     

    HH

     

     

    CRC

  33. Ernie

     

     

    David Cameron and the bookies thought he was a shoe in at the last election

     

     

    Strategic Recovery?The Conservatives under David Cameron

     

    Jane Green

     

    In the final thirty six hours of the 2010 election campaign, as David Cameron made his night and day sprint across the country to win last-minute votes, the Leader of the Opposition must have wondered why he was not walking into a comfortable and sizable victory. The preceding year had seen Conservative vote intentions reach the magic 40% level – enough to secure a firm majority – and Cameron had long been viewed as the answer to the Conservative party’s opposition problems. He was campaigning against one of the most unpopular Prime Ministers in history, Gordon Brown, who had presided over the worst economic crisis since the Great Depression. This was arguably the Conservatives’ best opportunity to form a government in a generation.David Cameron increased the Conservative party’s vote share by just 3.8%, to 36.1%, between 2005 and 2010. This was only a 4.4% increase on the share achieved by William Hague in 2001, 31.7%, in a much derided campaign and the first election after the Conservatives’ defeat in 1997. Winning 307 seats in parliament in 2010, David Cameron failed to reach the number of seats, 326, to form a majority. He achieved a larger seat gain than his predecessors, adding 97 Conservative MPs to the House of Commons, but instead of celebrating the arrival of an exclusively Conservative government, following the first election victory for the party in 31 years, Conservative supporters looked on as their party formed a coalition with the Liberal Democrats – a party seen by many as bitter campaigning rivals.

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