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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Thatchers deed
BBC Breaking News @BBCBreaking 1m
Baroness Thatcher has died this morning follow a stroke, her spokesman Lord Bell says
Thatcher dead
Thatcher deid
THATCHERS DIED
is the witch dead
“ahhhhhhhhh, the “Boaby” is at large…………..”
HI Ho the witch is dead…..
lionroars67
Another very enjoyable night with CQN Bhoys and Ghirls , see you soon .
HH
Condolences to those who loved her. Whilst I feel visceral anger abt Tory destruction, how we respond to death reflects on us, not the dead.
Saw this comment on twitter, i would ask posters to consider their responses
I can honestly say I have never celebrated a death before. But today I will make an exception.
The world is a better place without Margaret Hilda Thatcher.
ding dong……
No tears shed in this house!
Dearie me Paul – that photo. It’s lunch time you know!
Streeet Party @ Trafalgar Sq. 6 p.m. this evening. Can’t think why.
(And yes, I have heard ‘obfuscation’ used in conversation.)
I celebrate no one’s death, but I am glad that an era has passed.
An old demented woman has died.
She did much damage while in her prime.
A grave day for dancing…
Must have been the excitement of today’s disability benefit cuts
No loss to the world. Quite the opposite.
Everything comes to those who wait
Party at my house tonight
Can’t guarentee the champagne will be fresh
It has been on Ice since 1982
Gordon_J backing Neil Lennon – Must be that great big socialist heart of yours. (thumbsup)
ruth wishart @ruth_wishart 1m
Rule 1: do not speak ill of the dead.
Rule 2. do not pretend death absolves them from misdeeds in life.
ernie lynch @ 12 39 .
I don’t know but maybe you can’t sit in the St Mirren Directors Box if you aren’t wearing a tie . Maybe Green turned up without a tie and was given a spare to wear .
Fond memories of seeing a young punk wearing crotchless pink plastic bondage trousers, lime green brothel creepers and a ripped and torn t-shirt bearing the legend * * * * Pink Floyd, being refused entry to a London music venue on the grounds that he wasn’t wearing a tie.
Thatcher deid. !!!!!
No comment from the SFA about Green and his racist comments.
Why not contact FARE(Football Against Racism in Europe) direct and ask their opinion.
FARE secretariat
FARE Network
PO Box 72058
London
EC1P 1UH
United Kingdom
T: +44 20 72536795
E: info[@]farenet.org
South Of Tunis – Fond memories of seeing a young punk wearing crotchless pink plastic bondage trousers, lime green brothel creepers and a ripped and torn t-shirt bearing the legend * * * * Pink Floyd, being refused entry to a London music venue on the grounds that he wasn’t wearing a tie.
I didn’t know Ernie Lynch was a Pink Floyd fan. (thumbsup)
Champagne in the fridge just about to be opened.
A long time coming. Hell has a new resident.
Jelly & Ice Cream today…
Ding dong indeed…
http://www.youtube.com/watch?v=9Jn8K8EA7-Q
HH
/Bishop B
I loathed the actions of the woman and she did untold damage to millions but in death all bets are off.
One should not celebrate IMO, even if just to show how much more humane we are.
EC67
when is chuckles going to publish the audited accounts?
quite sure the investors will want to see what their return will be
or
a week to give out the bad news
thatcher = how not to act as a leader of the country
jam67
Ding dong……
You know the rest.
How many families did that woman destroy with her policies.
Luckily I took a day off.pint time.
BBC Radio 4 @BBCRadio4 56s
Following Baroness Thatcher’s death, there will be some changes to our schedule. #WATO will now be extended until 2pm.
Looks like wall to wall MSM coverage
The rest of the day for reading and catching up with other chores for me
BSR
on dugs, do you think Charles Green is a Yorkshire Tarrier?
I’m a sailor bhoy with a Windsor Knot
Mon the Split CSC
We should be thinking more about the communities up and down the country devastated by Thatcher and her colleagues, rather than celebrating the death of an old woman.
There’s nothing to celebrate….her legacy lives on in the shape of blighted towns and villages all over the UK. A poison harvest.
T4
I may have a small libation in memory of all the family silver Thatcher sold off.
Ding dong the witch is dead.
I have never liked Margaret Thatcher she caused hardship for so many but the Good Lord said practice forgiveness so to that end may she rest in peace and perpetual light shine upon her.