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. celticrollercoaster on

    Kelvinbhoy

     

     

    Now your making me jealous. Enjoy the hols and will catch up with u soon.

     

     

    HH

     

     

    CRC

  2. emusanorphan

     

     

    23:07 on 8 April, 2013

     

     

    ‘Thatchers family been told they have one bedroom too many yet?’

     

     

     

     

    ATOS have declared her fit for work.

  3. Just in case you haven’t seen this list doing the rounds.

     

     

    1. She supported the retention of capital punishment

     

    2. She destroyed the country’s manufacturing industry

     

    3. She voted against the relaxation of divorce laws

     

    4. She abolished free milk for schoolchildren (“Margaret Thatcher, Milk Snatcher”)

     

    5. She supported more freedom for business (and look how that turned out)

     

    6. She gained support from the National Front in the 1979 election by pandering to the fears of immigration

     

    7. She gerrymandered local authorities by forcing through council house sales, at the same time preventing councils from spending the money they got for selling houses on building new houses (spending on social housing dropped by 67% in her premiership)

     

    8. She was responsible for 3.6 million unemployed – the highest figure and the highest proportion of the workforce in history and three times the previous government. Massaging of the figures means that the figure was closer to 5 million

     

    9. She ignored intelligence about Argentinian preparations for the invasion of the Falkland Islands and scrapped the only Royal Navy presence in the islands

     

    10. The poll tax

     

    11. She presided over the closure of 150 coal mines; we are now crippled by the cost of energy, having to import expensive coal from abroad

     

    12. She compared her “fight” against the miners to the Falklands War

     

    13. She privatised state monopolies and created the corporate greed culture that we’ve been railing against for the last 5 years

     

    14. She introduced the gradual privatisation of the NHS

     

    15. She introduced financial deregulation in a way that turned city institutions into avaricious money pits

     

    16. She pioneered the unfailing adoration and unquestioning support of the USA

     

    17. She allowed the US to place nuclear missiles on UK soil, under US control

     

    18. Section 28

     

    19. She opposed anti-apartheid sanctions against South Africa and described Nelson Mandela as “that grubby little terrorist”

     

    20. She support the Khmer Rouge in Cambodia and sent the SAS to train their soldiers

     

    21. She allowed the US to bomb Libya in 1986, against the wishes of more than 2/3 of the population

     

    22. She opposed the reunification of Germany

     

    23. She invented Quangos

     

    24. She increased VAT from 8% to 17.5%

     

    25. She had the lowest approval rating of any post-war Prime Minister

     

    26. Her post-PM job? Consultant to Philip Morris tobacco at $250,000 a year, plus $50,000 per speech

     

    27. The Al Yamamah contract

     

    28. She opposed the indictment of Chile’s General Pinochet

     

    29. Social unrest under her leadership was higher than at any time since the General Strike

     

    30. She presided over interest rates increasing to 15%

     

    31. BSE

     

    32. She presided over 2 million manufacturing job losses in the 79-81 recession

     

    33. She opposed the inclusion of Eire in the Northern Ireland peace process

     

    34. She supported sanctions-busting arms deals with South Africa

     

    35. Cecil Parkinson, Alan Clark, David Mellor, Jeffrey Archer, Jonathan Aitkin

     

    36. Crime rates doubled under Thatcher

     

    37. Black Wednesday – Britain withdraws from the ERM and the pound is devalued. Cost to Britain – £3.5 billion; profit for George Soros – £1 billion

     

    38. Poverty doubled while she opposed a minimum wage

     

    39. She privatised public services, claiming at the time it would increase public ownership. Most are now owned either by foreign governments (EDF) or major investment houses. The profits don’t now accrue to the taxpayer, but to foreign or institutional shareholders.

     

    40. She cut 75% of funding to museums, galleries and other sources of education

     

    41. In the Thatcher years the top 10% of earners received almost 50% of the tax remissions

     

    42. 21.9% inflation

  4. sandman

     

     

    a soulless sociopath

     

     

    not words you are likely to see associated with maggie in the msm any time soon, not that the words are any less true for that

     

     

    maggie who lived by a book/doctrine rather than feeling or community, so much for being a grocer’s daughter, she couldn’t have cared much for her parents customers, nor could her parents for that matter.

  5. ItaliaBhoy

     

     

    23:09 on 8 April, 2013

     

     

     

    That’s the spirit.

     

     

    He who dares wins, Rodney.

  6. St.John.Doyle

     

     

    23:06 on 8 April, 2013

     

     

    Brilliant.

     

     

    I’ve been encouraging all my workmates to get out for the next Rally, I hope it is the 27th.

     

     

    The sing song leaving George Square was awesome (big selling point for those that are not that bothered), although found out today that there was a massive Police presence out of sight. We Must double the numbers for the next Rally to get it through to their thick skulls we will not tolerate this.

  7. BIG-CUP-WINNERS on

    the boy jinky

     

     

    My last post was for Ernie Lynch who had asked what the zombies were discussing about Thatcher’s demise.

  8. Italia Bhoy

     

     

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

     

     

     

    You think we are a more equal society than pre-79? If not, then general material progress underpinned by growth in all countries, whether they had Thatcherite, left, or liberal governments, is responsible for our improved lot, not one specific government or policy.

     

     

    Britain is no more advantageously placed, post 79 than we were pre 79. We are still behind the Germans, despite the burdens of their reunification, and most Nordic countries but still remain ahead of most Southern European nations. Very little has changed other than our debt to China.

     

     

    And please do not quote the IMF or winter of discontent as proof of what it used to be. You’d be as well quoting post war austerity.They were all subject to the same economic climate of their times as were the Thatcher and Reagan years the beneficiaries of a bull market, funded by voodoo economics which left future generations to pay it back.

  9. thomthethim

     

     

    We all knew this day was coming, and we all knew what the general reaction would be.

     

     

    I am honestly surprised at the dissenting voices, not that they are dissenting, but at the amount of them.

     

     

    I care not about her one way or the other, but I truley feel for her victims.

     

     

    Job half done with the young wan, she has arrived safely in Aberdeen, starts her new job on monday, new life, proud of her so I am.

     

    HH

  10. leftclicktic

     

     

    23:06 on 8 April, 2013

     

     

    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 :))

     

     

     

     

    ####

     

     

     

    Looks like a number of posters on here might feel more comfortable over there tonight.

  11. squire danaher on

    Alright poppickers

     

     

    Squire junior advises that Ding Dong The Witch is Dead is No 37 on the iTunes download charts

     

     

    Not-arf poppickers

  12. Was watching Peppa Pig with my grandson today and was reminded by Mr Fox who sells EVERYTHING of CHARLES GREEN:))

     

     

    When asked by his son Freddie Fox if the trophies were real Gold he replied “YESSSSSSSSS PLASTIC GOLLLLLLLLLD”.

     

     

    Then when asked if chairs were real OAK replied

     

    “YESSSSSSSSSSSSSS PLASTIC OAAAAAAAAAAAAK”.

     

    Just thought I would take my leave on a lighter note:))

     

    MAY ONLY GOOD THINGS COME YOUR WAY

  13. The Boy Jinky on

    Bcw

     

     

    Get him telt ;).

     

     

    Wee minger

     

     

    But … but … bbbbbut

     

     

     

    Apart from that list. . She was a great politician and humanitarian …. right ;))))

  14. ernie lynch

     

     

    23:20 on

     

    8 April, 2013

     

    ItaliaBhoy

     

     

    23:09 on 8 April, 2013

     

     

    That’s the spirit.

     

     

    He who dares wins, Rodney.

     

    ……

     

     

    Lol.

  15. weeminger

     

     

    23:19 on 8 April, 2013

     

     

    ‘Just in case you haven’t seen this list doing the rounds.’

     

     

     

    43. She had Jimmy Savile round for Christmas each year.

     

     

    44. She once said her favourite song was Rolf Harris’ Two Little Boys. (Rolf Harris is 82 and lives in Berkshire.)

  16. Ernie, the country was going nowhere in 1979.

     

     

    Working people were told what was good for them by a few geriatric union bosses and they either loved it or lumped it.

     

     

    She did what was needed to be done.

     

     

     

     

    Or perhaps you think Michael Foot would have been a better option?

  17. jude2005 is Neil Lennon \o/ on

    Was at my grandsons game V Stirling at Barrowfield on Sunday got beat 2-1. He played the 2nd half and set up the goal. He does a bit of shouting and got laid into 2 of his team mates for not moving off the ball. Guy beside me said “god he’s bawler that’s what we need in the first team”

     

     

    Chest went out another few inches.

  18. “She did what was needed to be done”.

     

    NAHHHHHHHHHH GOOD NIGHT

     

    NO COMMENT

     

    HAIL HAIL

  19. ItaliaBhoy

     

     

    23:27 on 8 April, 2013

     

     

     

    You read the Daily Mail, don’t you?

  20. What is the Stars on

    Jinky Boy to Doc

     

     

    Doc

     

    Have you tried viva brasil .. I hear good things

     

     

     

    Doc if i was you I would arrive this place like the plague

     

     

    Never been there and it might be great but

     

     

    Jinkys post to you was post number 666 (tonight of all nights ,creepy)

     

     

    Superstitious nonsense CFC

  21. TET,

     

     

    I’m staying away from the topic of the day.

     

     

    I was just commenting on the apparent alignment of the blog.

     

     

     

    However, I believe, unless it has changed dramatically in my absence, that the traditional stance of the Celtic supporter is left of centre.

     

     

    Most goals are scored through the middle!

     

     

    Glad to hear that you followed through and completed your mission on behalf of the young girl.

     

     

    Kindness and compassion are true qualities of humanity.

     

     

    The wee parcel is on it’s way.

  22. The Boy Jinky on

    Doc

     

     

    H oops … they do a salad bar

     

     

    Dya know what. … never understood veggies. .. not natural

     

     

    But … then again. . They probably dont understand me ripping into a mountain of meat …. cue the childish humour … lmao

  23. ItaliaBhoy

     

     

    You’re right that some things needed to change in ’79

     

     

    But she did more than change…she destroyed!

     

     

    Too many things

  24. jude2005 is Neil Lennon \o/

     

     

    23:29 on 8 April, 2013

     

     

    Was at my grandsons game V Stirling at Barrowfield on Sunday got beat 2-1. He played the 2nd half and set up the goal. He does a bit of shouting and got laid into 2 of his team mates for not moving off the ball. Guy beside me said “god he’s bawler that’s what we need in the first team”

     

     

    Chest went out another few inches.

     

    _______________________________________________________________________

     

     

    What is that secret ingredient?

     

     

    My Son is quiet as a mouse on the pitch, he gets into great positions but doesn’t shout for the ball. It is doing my head in, a lot of the players knew each other before going to Dumbarton but the wee man being from EK didn’t know many of them.

     

    Anyone know the secret to get a shy person shouting? ;))

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