Newco, the Record and the police

1024

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

Click Here for Comments >
Share.

About Author

1,024 Comments

  1. Oh Dear

     

     

    I honestly thought I had heard it all on CQN.

     

     

    IB @ 04, I look out for your posts, that takes the prize tonight,

     

     

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

     

     

    See Google, it’s a remarkable thing, as remarkable as the rescue operation, even more remarkable, try using it, you never know what you might learn.

  2. jude2005 is Neil Lennon \o/ on

    Heard she’s already shut the furnaces down below.

     

     

     

    Nigh all. H H

  3. Margaret McGill on

    I guess I should thank Margaret Thatcher.

     

    She is the main reason I left the Scotland and the UK.

     

    Like a million of us at the time.

     

    Packed up and left.

     

    I am glad I did.

     

    I am wealthier, better educated and maybe even retire one day with a happy legacy.

     

    I visit Scotland frequently.

     

    Would I have made it there? NO. I dont think so.

     

    Sometimes I think I dodged a bullet.

     

    In retrospect Thatcher contributed nothing to the UK,

     

    It was true then and true now. Nothing to be nostalgic about.

     

    She was just a symbol of, and for,the simpletons of the post war class conscious UK with its continuous legacy of simpletons. That can only take you so far like it did her.

  4. squire danaher on

    setting free the bears

     

     

    00:15 on

     

    9 April, 2013

     

     

    I have found working in local government over the past 24 years that there is no end to the individuals who are the first ones to whinge for union representation against perceived grievous injustices such as lack of parking places, and agitate for pay rises but are Invariably the first creatures in their workplace on the day of any industrial action

  5. Croppybhoy

     

     

    1 There is no evidence either way except how we of the Irish diaspora have already done in Scotland.

     

     

    2 My maternal grandparents were Ulster Protestants and I have no problem with calling them ‘blood of my blood’

     

     

    3 What did you expect him to say?…let the b*****s die!

     

     

    4 Got to give in to you on that one.

     

     

    5 You obviously equate SNP with the OO. I know a great many people who support the SNP but I don’t know one single member of the OO.

     

     

    HH

  6. Dead and Loving it on

    It is the first time in years that I have had a drink on a Monday night.

     

     

    All the memories came flooding back.

     

     

    All the hurt.

     

     

    Now just peace.

     

     

    I will say rest in peace, to all the victims of that woman

  7. jude2005 is Neil Lennon \o/

     

     

    It broke in Primary 6, I thought that was really early but hey oh.

     

     

    Off to bed (up early) and HH to all.

     

     

    A song before I go.

     

     

    I think Morrissey is a fantastic singer, I’ve never really thought he is a an Establishment performer unlike so many. Taking the Established coin, Render unto the Establishment….

     

     

    http://www.youtube.com/watch?v=1Lf2-ZCti_g

     

     

    The Establishment needs to be pinpointed and targeted, it is obvious Murray is part of the Establishment.

  8. Although glad of the passing of the old witch, I believe the sevconians will will be glad the spotlight will be off them in a momentous week, which saw some new revelations from our hero Craigy and some crazy statements from chuckles which will probably go unpunished now. Ogilvie and Regan must also be very relieved, they can go back to playing buckaroo and twister.

  9. Dead and Loving it on

    I find it really strange how we have so many right wing Celtic fans.

     

     

    I always thought that would be a oxymoron .

  10. Margaret McGill on

    Until 1965, the Ilois people were indigenous to Diego Garcia. With the militarisation of their island they were given a status rather like that of Australia’s Aborigines in the nineteenth century: they were deemed not to exist. Between 1965 and 1973 they were `removed’ from their homes, loaded on to ships and planes and dumped in Mauritius. In 1972, the American Defense Department assured Congress that `the islands are virtually uninhabited and the erection of the base will cause no indigenous political problems’. When asked about the whereabouts of the native population, a British Ministry of Defence official lied, `There is nothing in our files about inhabitants or about an evacuation.’

     

     

    A Minority Rights Group study, which received almost no publicity when it was published in 1985, concluded that Britain expelled the native population `without any workable re-settlement scheme; left them in poverty; gave them a tiny amount of compensation and later offered more on condition that the islanders renounced their rights ever to return home’. The Ilois were allowed to take with them `minimum personal possessions, packed into a small crate’. Most ended up in the slums of the Mauritian capital, leading wretched, disaffected lives; the number who have since died from starvation and disease is unknown.

     

     

    This terror violated Articles 9 and 13 of the United Nations Declaration of Human Rights, which states that `no one should be subjected to arbitrary exile’ and `everybody has the right to return to his country’. The Labour Foreign Secretary, Michael Stewart, told the US Secretary of State, Dean Rusk, `The question of detaching bits of territory from colonies that were advancing towards self-government requires careful handling.’ He later boasted to a Cabinet colleague, `I think we have much to gain by proceeding with this project in association with the Americans.’

     

     

    No one caused a fuss. The islanders had no voice in London. `Britain’s treatment of the Ilois people’, wrote John Madeley, author of the Minority Rights Group report, `stands in eloquent and stark contrast with the way the people of the Falkland Islands were treated in 1982. The invasion of the Falklands was furiously resisted by British forces travelling 8,000 miles at a cost of more than a thousand million pounds and many British and Argentinian lives. Diego Garcia was handed over without its inhabitants — far from being defended — even being consulted before being removed.’

     

     

    While there was silence in the media on the British atrocity in Diego Garcia, there was resounding condemnation of the Argentinian invasion of the Falklands. Both were British territories; the difference was between a brown-skinned indigenous nation and white settlers. The Financial Times called the Falklands invasion an `illegal and immoral means to make good territorial claims’, as well as an `outrage’ that should not be allowed to `pass over the wishes of the Falkland Islanders’. Echoing Prime Minister Thatcher, the Daily Telegraph said `the wishes of the [Falkland] islanders were paramount’, that `these islanders’ must not be `betrayed’ and that `principle dictates’ that the British and American governments could not possibly `be indifferent to the imposition of foreign rule on people who have no desire for it’.

  11. •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on

    I feel no shame in celebrating her death.

     

     

    I’m drinking a toast with a glass of bubbly that just happened to be in the fridge – Chilean champagne. Can’t help thinking Argentinian would have been more fitting but you take what you can get.

     

     

    May she burn in hell. The world is a better place without her kind.

  12. macjay1 for Neil Lennon on

    Obanfanti

     

    Re.B.B.C.

     

    Never mind the opinion expressed,I feel sure that this is a factual error.

     

    “At the time, Mrs Thatcher was a frontbench MP in Harold Macmillan’s government.”

  13. A lot has been written on here about the ‘Iron Lady’, lots on here have differing views,

     

    However, over the next few days you will no doubt here from ‘The Great and the Good’,

     

    Extolling her virtues, or lack of them in some cases, each person on here will have their

     

    Views on her contribution to society!

     

    However, remember, it was her own Party, to coin a phrase, ‘ Wot dun her in’!

     

    H.H.

  14. Margaret McGill on

    macjay1 for Neil Lennon

     

     

    00:42 on 9 April, 2013

     

     

    baith just the same eh Macjay dismay?

  15. Stringer Bell on

    Sp done asked earlier about sevconian reaction to thatchers expiration.

     

     

    They seem generally to love her work, if bill mcmurdos blog is typical of their reaction.

     

     

    I have copied some posts below. If there are swearies I have missed, apologies. It is the nature of the sevconian that they cannot be temperate in language.

     

     

    The topics range from McCoist, to Green to thatcher.

     

     

     

    ————–

     

     

    alan on April 8, 2013 at 8:50 pm said:

     

    voted once in my life in scotland,THATCHER. she done a great job in next 10 years before i left for far country.deserves state funeral

     

     

    Reply ↓

     

    Groovy on April 8, 2013 at 7:51 pm said:

     

    I would welcome CG interfering with team affairs next season if performances don’t improve,because poor performance =less fans=less income=lesser club .Loyalty is a wonderful thing but blind loyalty will put us in peril. Let them not divide us WATP

     

     

    Reply ↓

     

    Groovy on April 8, 2013 at 7:24 pm said:

     

    What were the racist comments and who was offended by them,certainly not the friend and colleague he said them to .Are we going the same way as the great offended in the east end. .I am in the same age group as CG and have never been offended in over 50years of being called an orange b,a Hun b,a proddy b ,or by any songs or chants aimed at me by others.Political correctness is in vogue that does,nt mean it is right.Call a spade a spade and a Celtic fan a cunt and we really will be on our way back to the top.Give me a straight talker like CG every time over the sleek it lying underhand backstabbing scum that surround us. Let them not divide us WATP

     

     

    Reply ↓

     

    Cathars on April 8, 2013 at 7:05 pm said:

     

    Rfc the worst ever team, on one hand, the applause for CG speaking his mind against the haters, he is commended,

     

    but when he speaks he the truth about the state of the team, he is chastised?

     

     

    The man speaks his mind, if thats offends, then dont listen, he saved RFC not Mr McCoist, realities need to be faced.

     

     

    Political correctness is what has really fucked up this country, sticks and stones may break yir bones, but names will never hurt you.

     

     

    People should get a backbone, instead of greetin in the soup about what is acceptable and what is not.

     

     

    Remember all to well, the power cuts, 3 day week rubbish piled up in the street, but wait who was government, Labour party.

     

     

    past member of the ISTC, part of the triple alliance, with NUM and railways, stood on the pickets lines for 3 months solid January through to March, only way i ate , was token roll n sausage for turning up for picket duty, lived of £15 a week strike money, lost a house repossessed, it was not Thatcher, who stood on the lines, it was not Thatcher who lost her house, it was not thatcher who gave the order to strike, I chose to strike believing in what the Union told, led up the garden path.

     

     

    Thatcher fought a battle with the Unions and won, she and her advisor Nicholas Ridley (brainchild of the political stratagey against the Unions), used what she had at her disposal, Police, Army, which any party in Government would have done. Dirty battle but she won, cannot find fault.

     

     

    Prior to the Thatcher years, did the working class man own

     

    1. Their own home! no

     

    2. Did the own shares in companies! No

     

    3. Did we have two cars never mind one! No

     

    4. Did we holiday abroad! No

     

    In reality she destroyed the main obstacle to the working class man, the power of the Unions, and as far as defending The Union of Great Britain and Northern Ireland, she should be held in the same breath as,

     

    1. Sir Winston Churchill.

     

    2. Lord Carson.

     

     

    I for one, will raise a glass, albeit non alcoholic, for a true leader of this Union, who feared no foe whether, terrorist, Argentinian, Iranian, mineworker, steel worker or railway man,

     

     

    this union has lost the last of a rare breed, one who showed no mercy to anyone who f**ked with the British.

     

     

    Reply ↓

     

    Darren Fraser (@DarrenFraser1) on April 8, 2013 at 6:27 pm said:

     

    If Neil Lennon had said the Paki word you would all be over him like flys to s**t, hypocrites the lot of you..

     

     

    Reply ↓

     

    Weebear on April 8, 2013 at 4:53 pm said:

     

    Bill re your comment on David Cameron and the recession, The greedy twats that ran the banks are to blame for the shite we are in now. I got a letter from the Bank a while ago about going into “unauthorised overdraft” For a laugh i sent a letter saying “i apologise for going into the overdraft and could they take the charges out from the £500bil they borrowed off the tax payer and could they then transfer the balance about just under the £500bil for their “unauthorised borrowing” to my account. Daft coonts sent me a letter back explaining how that would not be happening hahaha.

     

     

    Reply ↓

     

     

    giesabrekk

     

    on April 8, 2013 at 8:46 pm said:

     

    Great wee post weebear

     

     

    Reply ↓

     

    stualex on April 8, 2013 at 4:42 pm said:

     

    Whether you agree with CG or dislike Margaret Thatcher, one thing is sure, there is only one of them who talked the talk AND walked the walk. She took over when Britain was “in last chance saloon” She was steadfast and true to her word when dealing with Argentina,and terrorist hunger strikers,and remained defiant despite being attacked by cowardly bombers.

     

    I didnt agree with most of her policies,but admired her steel. If she stated something publicly,she put the blinkers on and did what she said she would do. The yorkshire man could learn a lot from the Lancashire woman with bigger balls than most politcians.

     

     

    Reply ↓

     

     

    billmcmurdo

     

    on April 8, 2013 at 4:52 pm said:

     

    Yes she was the only man in the House of Commons

     

     

    Reply ↓

     

     

    Binnie

     

    on April 8, 2013 at 5:35 pm said:

     

    Thought she came from Grantham, Lincolnshire?

     

     

    Reply ↓

     

     

    Stualex

     

    on April 8, 2013 at 6:11 pm said:

     

    Apologies,it was Linolnshire.

     

     

    Reply ↓

     

    watpforever on April 8, 2013 at 4:19 pm said:

     

    Hello Bill. Rangers / Protestants are notoriously Conservative supporters. Maggie Thatcher brought the large-scale industries in the UK to its knees – and with her policies collapsed many, many long-established communities.

     

    But re; Vampers reply, there was no chance that arthur scargill, a militant communist was ever going to win against her. My industry was the steelmaking industry – Scotland, England & Wales steelmaking reduced to a fraction of its former self – and many other countries that benefited from the exodus that followed Maggie Thatchers closures.

     

    In fact the entire UK manufacturing base is reduced to nothing – from 28% of gdp prior to MT to 8% nowadays.

     

    Maggie Thatcher, possibly the UK’s finest Prime Minister, but with the UK’s worst ever policies.

     

    ————————————–

     

    Regarding CG – I mentioned recently that he often refers to Rangers as our Great Scottish Institution – although from a different era, there is no chance that we would ever hear Mr Struth referring to paki’s and coloureds etc. Rangers are an institution that was great on the park and off the park. At the moment our team are criminally bad – but it is no excuse for our institution to be pish as well.

     

     

    Reply ↓

     

     

    Alex

     

    on April 8, 2013 at 8:15 pm said:

     

    If Rangers fans/Protestants are ‘Notorious Conservatives’, where are all the Scottish Tory MPs?

     

     

    Reply ↓

  16. Tinhman

     

     

    Last thoughts before bed

     

     

    The Irish in Scotland began to prosper after WW2 when an umber of factors came in to play

     

    The Butler Education Act of 1944 as applied in Scotland saw more Catholics start to gain qualifications and go to university and the like

     

    The Welfare state reforms began to impact on people living in poor housing and suffering ill health

     

    The influx of foreign companies and management who no longer follow the old discriminatory employment policies that many Scottish companies had engaged in prewar

     

    I still remember that as late as the 1960s not one of the four banks in Coatbridge -a town with a big Catholic population employed a single Catholic!

     

    Bigotry in Scottish banking ? -surely not? I hear you say.

     

    Where did wee Eck start out again ?

     

     

    Finally I don’t actually equate the SNP with the OO -they are two very distinct organisations.

     

    However they both grow out of a Scottish society that is inherently anti-Catholic

     

    Glasgow in 1811-before the influx of Irish Catholics caused by the famine or even the Highland Catholics displaced by the clearances -had something like 24Catholics-yet over 40 anti-Catholic societies!

     

    Has all that disappeared since the 1960s?

  17. Glass raised to both my parents, sadly not here to enjoy her death. The only time i heard my dad swear was once when he saw that auld B@$$T@RD on the telly.

     

    Slainte Francis & Tillie:)

     

    tony

  18. Thatcher despised working people, typical petite bourgeoisie.

     

     

    A 45% pay rise for police shortly after winning the election? What did you think was next???

     

     

    The social contract may have been due for an upgrade – think we can maybe all agree on that.

     

     

    But she was a sociopathic wrecker, economically illiterate and ideologically smug.

     

     

    All those twerps I used to work alongside who were so thrilled with the bribes’n’bungs in the form of council house discounts and BT and B Gas shares they couldn’t care 2 figs what happened in the ‘grim’ North of England, Scotland etc…that social and cultural division is her legacy.

     

     

    All those hard fought gains of collectivisation pissed away for a few hundred quid bunged at those who wanted ‘to get on’.

     

     

    Enjoy yourselves.

  19. Italia bhoy

     

    I was working in Argentina in the 90’s and discussed the Falklands/Malvinas conflict with the toolpusher on the rig. “We won the war (Argentina). How? “We got rid of our dictator, you got one. No argument from me. Anyway hope no one is expecting a minutes silence at Scottish football this weekend.

  20. TwoMacaroons on

    Blog was broke before, so I’ve had some time to reflect, But she’s been a spent force for a long long time, I know the damage was un be lieivable and , I’m no that clever, but she went a long time ago, I’m more worried about Cameron an Clegg an my personal favourite Osbourne, fight what you’ve got in front of you, we can’t change the past, we can shape the future, up to you I don’t have a vote as I don’t live up the road anymore, but think. ffs. Its a no brainer. Free yourselves. This is the big opportunity.

  21. Croppybhoy

     

     

    With your first point re education you actually are making my main point…we are changing as a society…we are making progress. We are winning !

     

     

    Why do you suppose the wagons are being circled over at Ibrox and the defenders inside are increasingly of the knuckle-dragging variety? They are losing !

     

     

    I may be a daft optomist but hey ho!

     

     

    G’night

     

     

    HH

  22. macjay1 for Neil Lennon on

    Fess19

     

    01:05 on

     

    9 April, 2013

     

     

    He was dead right.Thatcher re-introduced democracy to Argentina.

     

    The current President recently referred to the military juntas of Viola and Galtieri as “genocidists.”

  23. macjay

     

     

    “In October 1961 Thatcher was promoted to the front bench as Parliamentary Undersecretary at the Ministry of Pensions and National Insurance in Harold Macmillan’s administration”

     

     

    Agree though that she would not have had any say in policy on the ANC trial, and if she had, she would have voted to hang the lot of them.

     

     

    Her son, who was knighted in 2003, was shown great mercy (the kind he and his mother would not have shown) by a South African Court whilst Jacob Zuma was president in 2004, for his role in an attempted military coup in Equatorial Guinea. Even though that benighted country could well have done with a fairly bloodless coup, Mark Thatcher and his associates were unlikely to produce a replacement government that was any better disposed towards the people of EG. They just wanted somebody who would screw less money out of the oil companies exploiting there.

  24. •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on

    Fess19 01:05 on 9 April, 2013

     

    Anyway hope no one is expecting a minutes silence at Scottish football this weekend.

     

     

    ————-

     

    Best comment I saw today/yesterday was that they can try to have a minute silence if they want, but it’ll be like when Cadete scored and the noise knocked the sound equipment out.

  25. macjay1 for Neil Lennon on

    Margaret McGill

     

    00:50 on

     

    9 April, 2013

     

     

    No,Maggie.

     

    Completely the opposite.That`s the point.

     

    It should give the left pause for thought,but of course it won`t.

     

    There are enough good reasons to criticise Thatcher.

     

    The Falklands war,supported by Michael Foot and the vast majority of the Labour Party,is not one of them.

     

    Re. Diego Garcia and the shameful treatment of it`s inhabitants:

     

    Where are the indigenous inhabitants of Argentina?

     

    Wiped out by the Spanish and Italian colonists.

  26. macjay

     

     

    Thatcher was not interested in what form of Government replaced Galtieri but, if she did take an interest, her natural preference would be for a Pinochet type dictator who would keep his hands off Las Malvinas.

  27. TwoMacaroons on

    macjay1 for neil lennon

     

     

    And America and Canada, and Australia. To name a few.

  28. Margaret McGill on

    macjay1 for Neil Lennon

     

     

    01:20 on 9 April, 2013

     

     

    The Jacobite rebellion, the crusades, genocide..yes I gottit. The point is that Tories destroyed the reputation for Britain with a good dose of racism to accomplish what?

     

    NOTHING!

  29. SFTB, Macjay

     

     

    I can clearly remember in the late 70’s the BBC being indignant that the (Tory) government had entered into negotiations with Argentina re the handover of the Falklands.

     

     

    The explanation given was that it was too expensive to maintain and a gradual handover would be best.