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. West Wales Celt on

    Stephen Pollock:

     

    You get the respect in death you earned in life.

     

    Your sensitivities are a mite misplaced in my humble opinion…

  2. ernie lynch

     

     

    22:48 on 8 April, 2013

     

     

    Does anyone know if this would be illegal under the SNP’s Offensive Behaviour at Football and Threatening Communications (Scotland) Act 2012

     

     

    http://www.youtube.com/watch?v=YvzjB-lX4Is

     

    ___________________________________________________________________

     

     

    As the law is subjective, of course that is Deeply offensive to many.

     

     

    I think even Thatcher would be horrified at people being criminalised for having a viewpoint, I could be wrong though, I don’t really know that much about her really. From what I have heard I think she was perfect for Upper Class scum to control to their agendas.

  3. Fair enough CRC but thought a bombing that did kill people totally unconnected to that witch’s reach was not in good taste.

  4. spikeysauldman

     

    22:20 on

     

    8 April, 2013

     

    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.

     

     

    —————————————————————————————————————

     

     

    Now there is the heart of the matter. She was a figurehead, the personification of Anthony Fishers IEA arguments against public services and promoting the ‘individual’. What she and her cronies set about doing is not yet finished. All around us is evidence of her Brave New World. And the Brave New Labour are in her image. We need a new social contract, but individuals want instant gratification instead. Her legacy has yet to show itself….

  5. Some of the most pro British stuff I’ve read in a long time were made on here by someone called croppybhoy.

     

     

    Do they no dae irony in his hoose?

  6. st.john.doyle

     

     

    that much is true

     

     

    I do think there is the fact that many in the snp have played this referendum far too quietly. I understand why, after all, these people are uk politicians. If they had celebrated being separatist, which i believe is essential in order to win the indyref then if they’d then lost the indyref, it’s then tough for the politicians leading the snp to move back into uk mainstream politics.

     

     

    i still believe that if the snp or whoever are serious about winning the indyref, they have to turn separatist into a positive not negative term, the snp have already lost that argument, largely because they didn’t contest it in the first place.

     

     

    Thatcher and everything she stands for is a very positive separatist argument as an example.

  7. Good night all

     

    As I lay my head down I will think of Thatcher facing her final judgement for the pain & suffering she inflicted on so many.

     

    GOING DOWN!!!!!!!!!!!!!!

  8. BIG-CUP-WINNERS on

    ernie lynch

     

     

    Yeah, there was a request for a minutes silence for her at the next home game. The response was both for and against, with, as you could imagine some indicating she was the best PM since Churchill and others castigating her for the impact on working class people.

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

    kikinthenakas

     

     

    22:48 on

     

    8 April, 2013

     

     

    I’ll work on that one……LLLOOOLLL. (seriously, though…..you are spot on !!)

  10. ArranmoreBhoyLXV11 on

    HH

     

     

    67 heaven 22.35

     

     

    GARY Neville looks like he does NO training anymore. I don’t want thatcher taking heat off Green…

     

     

    HH

  11. stephenpollock

     

     

    22:10 on

     

    8 April, 2013

     

    ——

     

    Don’t you believe in freedom of speech, in all its forms? If some want to celebrate her passing by gathering in a Square in Glasgow, is it any different to you stating your views here? Live and let live, I say.

  12. Tinmhan, Not sure what he said tonight but I said much the same thing to him a couple of weeks back in response to another one of his offerings. We obviously have a Right Wing Conservative faction amongst our support.

  13. St.John.Doyle on

    petec

     

     

    22:55 on 8 April, 2013

     

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

     

     

    I suggest all Celtic fans against the SNP anti football act should contact the Police before the next Scotland game and ask they arrest anyone singing Flower of Scotland as it is offensive to English people.

     

     

    If no arrests are made then we should expose their hypocrisy at only doing the SNP’s bidding with our club’s fans.

  14. Obviously Kojo who no doubt has stopped laughing for the night at least and his Singing Pal are otherwise engaged. They would have had a ball tonight.

  15. ernie lynch

     

    22:55 on

     

    8 April, 2013

     

    _______________

     

    Suprisingly not

     

     

    Looked on RM for you nothing that I can see.

     

    But only looked a thread titles ,too late to delve into the deluded bile :))

  16. celticrollercoaster on

    Kelvinbhoy

     

     

    Fair point back, but now you are insulting witches :-)

     

     

    Humour is just accepted at so many different levels.

     

     

    Hope u r well?

  17. Re Thatcher. Incredible politician and genuine revolutionary.

     

     

    I grew up disliking her… But as I grow older I agree more and more with what she did.

     

     

    Work hard, improve yourself, be independent of the state, make a good life for your family… Not enough politicians emphasise these virtues today.

     

     

    I expect there will be lots if celebrating tonight, because thats the accepted wisdom.

     

     

    But it’s difficult not to believe she hugely improved the lives and life chances of the vast majority of people in this country.

     

     

    Reaction from Sheridan and Galloway is shameful.

  18. PJBhoynyc

     

     

    Politics has put the populace in a lose lose situation ever since the start,

     

    This is serious chess playing and it hits right to the heart,

     

    all the parties have now been centralised,

     

    and anyone out of the centre has been neutralised.

     

     

    We are being manipulated very heavily, it’s nae wonder I take a bevy. ;)

  19. The Boy Jinky on

    Big cup winners

     

     

    Ive never been vocal at a minutes silence… have refrained from clapping at minutes applause.

     

     

    But if I will boo either should they ask for it on sunday

  20. I think I see the problem with CQN.

     

     

    We seem to have left wingers. We seem to have right wingers.

     

     

    Whatever happened to playing through the middle, the position I thought most Celtic supporters played.

  21. jude2005 is Neil Lennon \o/ on

    They talk about great goals but that back heeler fae faether in Lisbons ma FAV!!!!

  22. earlspark1

     

     

    20:53 on 8 April, 2013

     

     

    Some shameful comments on here tonight. Let he who is without sin …

     

     

    ==============================

     

     

    Alright.

     

     

    Burn. In. Hades.

     

     

    Keep toasty, Maggie.

     

     

    ,

     

    This has been the blog’s moralist-champion-hand-wringers’ dream come true today.

     

     

    Even the demise of one of political history’s most calculated, cold-hearted matriarchs, who knew EXACTLY the suffering her neo-fascist policies were imposing on millions of innocent citizens is but an excuse for some to posture, to roll out their practised piety and ‘pity’ the hoi-polloi who dare revel in it.

     

     

    She was a soulless sociopath. All policy, no empathy, no regard for the human effect of her politics.

     

     

    She turned Britain’s merciless imperialism upon its own people and sold the country’s finacial future down a bloated river of flash-flood opportunism that became a major artery of today’s economic dead sea.

     

     

    She oversaw it all with not a pang nor missed beat in her reptilian heart.

     

     

    If you struggle with your own conscience, keep it to yourself. Let those of us with clear perspective state how it is. That can be done today without fear of warrant sale or riot cop batoning.

     

     

    Now, just in case, will somebody put in a call to Van Helsing?…

  23. CRC, Good mate. On hols in Benalmadena just now…having a great time with the family. Lookin forward to the game on Sunday and winning the league soon after. Havin a laugh at the boy by the pool today, resplendent in his Sevco top with Irn Bru SFL badge on each arm….had to explain it to Mrs KB but even she laughed and she doesn’t have a clue about Scottish fitba.

  24. celticrollercoaster on

    Jude2005

     

     

    Did Big Jock not kick his @ss for that after the game?

     

     

    HH

     

     

    CRC

  25. squire danaher on

    Emusanorphan

     

     

    They must got wind of that by now because the old boot has been holed up in the Ritz at Christmas

  26. Interesting blog tonight, signing off myself , will check what the Moon Howlers have to say in the morning. GoodNight All Hail Hail

  27. lionroars67

     

     

    23:12 on 8 April, 2013

     

     

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

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