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. Corkcelt/tinhman

     

     

    That would all those right wing conservative types like George Galloway!

     

    Enough to make a cat laugh

     

    Don’t know everything about SF policy but I’m pretty sure they do not support an independent Northern Ireland – why would that be then?

     

    Perhaps because they had the experience of living for 60 odds years under Stormont

     

    Why Scottish Catholics would want to live in an independent Scotland where they would be a very unwelcome minority is beyond me!

     

    I took the moniker Croppybhoy as homage to the men of ’98 who fought for the unity of all Irishmen – Catholic and Dissenter against a common enemy – The English establishment

     

    We now live 200 years later

     

    My family have been in Scotland/Britain for over 100 years – we are unlikely to go back – I was brought up in a Labour supporting household and have voted Labour all my life.

     

    The first election I got to vote in was the SNP induced disaster of 1979

     

    A bit like those nutters who profess that CFC must play in some mythical “Celtic” way no matter how many times we lose as a result – there are those on the left who would rather live permanently under a Tory government rather than do what it takes to win.

     

    Hopefully most of these will be like pggtips and the rest who believe in the Salmond fantasy and might wander off in to the sunset

     

    Blair had many faults but he knew how to win – there needs to be a compromise between ideals and pragmatism

     

    MON could do that in a footballing sense – personally I doubt the current Labour leadership can in the world of politics but I will still vote Labour at the next General Election.

     

    Why? – because Labour for all their faults are still the only party that will improve things for the ordinary people in Britain.

     

     

    I still have more in common with an ordinary person in London,Manchester,Cardiff or Birmingham than I ever will with the likes of Alex Salmond.

     

    So the right wing conservative stuff is almost funny – almost – just don’t do it again!

     

     

    HH

  2. Italia Bhoy

     

     

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

     

     

    What?? Could they not vote those evil monsters out of their trade union positions? Or were your fellow workers just too stupid to realise that these guys did not serve their interests?

     

     

    Good job Maggie came in and showed us what real democracy looked like.

     

     

    May I remind you that she was due to be kicked out on her erse until she engineered a tawdry little war and let Rupert do his propaganda best with that. Cowboy Ronnnie learned the benefits by doing something just as tawdry with Grenada.

     

     

    We likes a good patriotic war provided it’s short and sharp and has mostly foreigners dying.

  3. The Boy Jinky on

    Doc

     

     

    25 years eh… hmmmm.. married to a veggie ….

     

     

    Tesco do a great wee salad. … save the pennies for the thatcher o gram you arranged

  4. ernie lynch

     

     

    23:30 on 8 April, 2013

     

     

    ItaliaBhoy

     

     

    23:27 on 8 April, 2013

     

     

    You read the Daily Mail, don’t you?

     

    __________________________________

     

     

    I’m pretty sure BMCUWP reads that paper too, or at least some of its content. I think it is good to read different views.

     

    What papers do you recommend ItaliaBhoy reads out of interest?

  5. thomthethim

     

     

    Much obliged re the wee parcel, looking forward to seeing it.

     

     

    I couldn’t resist going on to a couple of ex pats sites earlier, the crap they were posting sort of got to me, reminded me of FF and RM, got barred from posting on both, no sence of humor them brits, one or two were on side but I was only reacting to their bile, shouldn’t have but hey ho, I enjoyed it.

     

     

    The thing that got me was their hate of Catholics, and they living in a passionatly Catholic country, they couldn’t see the hypocricy in their posts, so I had a laugh, will have to re register the morra, need to sell things >}

  6. Ernie,

     

     

    And you think Ben Elton in his shiny suit is funny, right?

     

     

    I have never voted Tory and grew up disliking Thatcher. But are you seriously telling me Michael Foot was what the country needed in 1983?

     

     

    You don’t have to be on the right to see she was a remarkable politician – a true game changer.

     

     

    It’s so tiresomely right on to bemoan her entire record.

     

     

    In many ways she was the most beneficial politician for working people in this country since Atlee. She understood the aspirations of those who wanted to get ahead in the way the Labour party used to – but forgot.

     

     

    Her record deserves more serious attention that it will get from the tediously unthinking Left…

  7. jude2005 is Neil Lennon \o/ on

    Iain Anderson

     

     

    Playing Peggy Gordon on radio Scotland just now.

  8. Sftb

     

     

    Rubbish, nonsensical rubbish.

     

     

    Engineered a war?

     

     

    Or did Argentina invade?

     

     

    Lazy lazy stuff…

  9. There is a special place in hell, which has become occupied today. May she rot for all eternity – her just reward!

  10. celticrollercoaster on

    petec

     

     

    Encouragement and hopefully it will come naturally in time.

     

     

    KTF

     

     

    CRC

  11. ItaliaBhoy

     

     

    23:48 on 8 April, 2013

     

     

    You should read up on why Argentina thought the UK would not react to the invasion.

  12. Italia Bhoy

     

     

    Did she ignore the warnings about build up of military activity?

     

     

    Did she reduce the GB defence in that sector?

     

     

    Did she sack an underling for the offence so that she remained Teflon free?

     

     

    Laziness is relying on msm propaganda only.

  13. Croppybhoy

     

     

    If the first election you got to vote in was ’79 then you and I are as near as dammit the same age.

     

     

    Judging from your other comments we’re from pretty much from the same social background as well.

     

     

    The difference between us, though, is that you fear independence and I don’t.

  14. I would rather have Mr M Foot as PM than……That Woman….as queenie would have said any day.

     

     

    I wonder if queenie will go to her funeral, if she sends a rep. I wonder what that will tell the nation of maggie lovers, go on queenie, snub her.

  15. celticrollercoaster on

    setting free the bears

     

    23:38 on

     

    8 April, 2013

     

     

    “What?? Could they not vote those evil monsters out of their trade union positions? Or were your fellow workers just too stupid to realise that these guys did not serve their interests?”

     

     

    I worked for a company many years ago where the TU reps threatened violence/isolation to the workers if they did not vote their way.

     

     

    I am not saying that this was normal across TU reps, indeed I know it was not, but when Thatcher came in, I felt we went from one end of the pendulum to the other.

     

     

    HH

     

     

    CRC

  16. All I can say, after reading some of the posts tonight, is that Thatcher is equally divisive in death as she was in life!

     

    Sick of listening to the Tory rhetoric of today and their trying to rewrite history. NO, she did not single-handedly pull down the Iron Curtain.

     

    Under the British Nationalities Act of 1981, British Nationality was not granted to the Falkland Islanders before the ‘war’ or the Falkland’s Conflict as it was called. It was granted retrospectively in 1983, the year after the conflict.

     

    Galtieri you have many sins to answer for including this one!

     

     

    Maggie Thatcher’s Dream

  17. All the lefties shout “don’t be so militaristic!”

     

     

    So thatcher reduces the British military presence in the south Atlantic.

     

     

    A fascist junta invades and all the lefties shout “it’s your fault, you reduced the defences”

     

     

    So thatcher leads a remarkable military rescue operation against fascist junta and the lefties shout “war monger”!

     

     

    And then they shout “you engineered it all. Fascist!”

     

     

    With the Dumb Left, sometimes you just can’t win…

  18. celticrollercoaster

     

     

    23:52 on 8 April, 2013

     

     

    petec

     

     

    Encouragement and hopefully it will come naturally in time.

     

     

    KTF

     

     

    CRC

     

    _________________________________________________________

     

     

    I know and he gets the 90 minutes most games so he is doing well but if he just demanded the ball like a lot of the other boys do I’d be over the moon. He has the ability to use both feet and play passes with either from midfield. I was so one footed it was embarressing, the Celtic Community Coaching has stood him in good stead as they concentrate on the technique at an early age. Maloney’s and McGeady’s are some of the skills that are utilised and getting 4 & 5 year olds to do their tricks is quality.

     

     

     

    jude2005 is Neil Lennon \o/

     

    _________________________

     

    He is U13 (2000s).

  19. Pogmathonyahun aka Laird of the Smiles

     

     

    00:00 on 9 April, 2013

     

     

    The British Nationality Act 1981 reduced the status of the Falkland Islanders from being full British citizens.

     

     

    It was one of the signals the Argentinians took as indicating an invasion would not be opposed.

  20. Tinhman

     

     

    So were is your evidence that people of a minority community would have nothing to fear in an independent Scotland? – especially one lead by Salmond!

     

    His thoughts on links with Northern Ireland – the “blood of our blood,bone of our bone” – you ok with that?

     

    Just politics?

     

    His hamfisted efforts to save the Huns last year – only I’ll advised?

     

    The football legislation – as Graham acknowledged – to level things up?

     

    You ok with all that?

     

    If you are the same age as myself you will know that SNP was often meant to mean Soon No Pope – you will be aware of the leadership of people like William Woolfe

     

    Still happy?

     

     

    Like Napoleon – I prefer to be on the side of the big battalions and in this context – my kids will have a better future in the UK than in an independent Scotland

     

     

     

    HH

  21. ItaliaBhoy

     

     

    00:04 on 9 April, 2013

     

     

     

    You read the Daily Mail, don’t you?

  22. Italia Bhoy

     

     

    “So thatcher reduces the British military presence in the south Atlantic.

     

     

    A fascist junta invades and all the lefties shout “it’s your fault, you reduced the defences””

     

     

     

    Nice try but it was the right who wanted to keep the imperialist colonies so if they want to keep them they should defend them. They managed to deter previous Argentine manoeuvrings to take over the Malvinas but this time it seemed to suit their ends.

     

     

    Do you really think that the unbending, resolute lady reduced the garrisons at the urgings of the left?

     

     

    If you believe that, you’ll believe that she waged the war to rescue the Argentine people from a right wing dictatorship or that Michael foot wore a donkey jacket.

  23. crc

     

     

    “I worked for a company many years ago where the TU reps threatened violence/isolation to the workers if they did not vote their way. ”

     

     

    As you say, not a typical incident. I am sure that passions run high in Industrial disputes but there is always simple arithmetic- there are always more workers than there are TU officials, so, unless the guy was Teofilio Stevenson, then I think the workforce were safe from a beating.

     

     

    However, you have to have some understanding of the resentment felt by those who risked strike action to improve wages and conditions being hampered by non-strikers who, nevertheless, took the increases obtained by the efforts of their colleagues.

  24. jude2005 is Neil Lennon \o/ on

    He’ll be ok. He’s doin the talkin with his feet. I take it his voice has broke? lol

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