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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1,024 Comments

  1. And when people talk about the Miners Strike…

     

     

    If only Arthur Scargill had read the Ridley Plan in the Economist in 78, where the original neo cons strategy was laid out for all to peruse….

     

     

    The fascinating thing about Thatcherism is the fact that she showed the elasticity of Prime Ministerial Power in the UK (with a significant Parliamentary (tabloid led) majority). She also merged political aims / policy with PR groups like Satchi and Satchi.

     

    Blair, Mandelson & Campbell were her kowtowing disciples… And followed her example well…

     

     

    It will take time to get the humanity back into the game…. If at all.

  2. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    STRINGER BELL 0051

     

     

    Thanks for posting the view from the other side,they really are an obnoxious collective.

     

     

    However,your editing skills need updating a tad-you left in a few swearies-inadvertently,obviously…….

  3. SmashingMilkBottles on

    The chap from my local sole trdaing snack van beside my workplace has renamed his square sausage. It’s now called a “Saturday”.

     

     

    Imagine the hilarity when a consumer asks for a roll ‘n saturday and our chap replies “But it’s only Tuesday”

     

     

    Viz CSC

  4. SmashingMilkBottles on

    Big Issue of the day

     

     

    I have an issue with the Green Brigade

     

     

    On Saturday afternoon during the Hibs game I heard them sing that they were having a party when the Zombies die.

     

     

    Surely Zombies are technically dead already?

  5. Snake Plissken on

    Ken Loach: “Margaret Thatcher was the most divisive and destructive Prime Minister of modern times.Mass Unemployment, factory closures, communities destroyed – this is her legacy. She was a fighter and her enemy was the British working class. Her victories were aided by the politically corrupt leaders of the Labour Party and of many Trades Unions. It is because of policies begun by her that we are in this mess today.Other prime ministers have followed her path, notably Tony Blair. She was the organ grinder, he was the monkey.Remember she called Mandela a terrorist and took tea with the torturer and murderer Pinochet.How should we honour her? Let’s privatise her funeral. Put it out to competitive tender and accept the cheapest bid. It’s what she would have wanted.”

     

     

     

    Hard to disagree really.

  6. Thanks for that Snake:)….What Ken Loach said:

     

     

    “How should we honour her? Let’s privatise her funeral. Put it out to competitive tender and accept the cheapest bid. It’s what she would have wanted.”

     

     

    That is a diamond of an idea, seriously

  7. Morning Celts, just back from a morning run.

     

    Going to be another nice sunny day Jobo.

     

     

    Are the sevco deid yet?

     

     

    Craigy White, Craigy White, Craigy Craigy White,

     

     

    He’s got no dough but he owns SEVCO

     

     

    Craigy Craigy White!

     

     

    V

  8. squire danaher on

    Tootingtim

     

     

    I am sure that there are several communities who would love to take charge of arrangements – and at minimal cost to the taxpayer.

     

     

    The auld boot would surely approve.

     

     

    The final irony is that the Establishment which never accepted her, which she aspired to all her days, will spend millions on her funeral in an attempt to deify her.

  9. Murdochbhoy, yermanfromMK on

    Good morning CQNers,

     

     

    With these words Mrs Thatcher entered into her premiership of the UK…

     

     

    “Where there is discord, may we bring harmony.

     

    Where there is error, may we bring truth.

     

    Where there is doubt, may we bring faith.

     

    And where there is despair, may we bring hope.”

     

     

    In my humble estimation she failed…….

     

     

    I don’t hate the woman for hate is such a destructive emotion but in my book she’ll be forever tarnished by her unsympathetic views on how society should function.

     

     

    http://briandeer.com/social/thatcher-society.htm

  10. Morning,

     

     

    I made the mistake of reading The Herald this morning. Do their sport journalists deliberately leave out the facts or are the articles written by dumb & dumber?

  11. squire danaher,

     

     

    I see the Daily Mail is today printing coupons for its’ readership to petition Downing St for the ‘upgrade’ of her funeral from that of ‘ceremonial with military honours’ to ‘full state’.

     

     

    Bitter irony upon irony.

  12. I was certainly no fan of Thatcher. Disliked so much about the woman.

     

    Dislike a lot of the policies also.

     

     

    Easy to see why she got away with what she did and WILL be judged by so many as a great leader.

     

     

    Easy to see why when we look at the shambles that the left of centre party and its various power crazed cohorts had become.

     

     

    The state the country had been driven to by the personal agendas (some corruot and others well intended fir greater good) of the union leadership created the scenario this woman inherited.

     

     

    No wonder she got away with what she did. No wonder many do hail her. The depressed world of our League Cup Final vs Dundee which we lost 1 nil surrounded by dirty rubbish strewn streets and punctuated with power cuts paved the way for her brand of ‘string leadership’.

     

     

    Sad and ironic that potential well intended left Greats such as Tony Benn or Michael Foote never got the chance to really fulfill their potential when at their prime because of it.

  13. macjay1 for Neil Lennon on

    Parkheadcumsalford

     

    Hope you are around.

     

    Thanks for your response to my concerns.

     

    It gave me food for thought.

     

    Plan A: A seat on the Board………stymied.

     

    PlanB: The G.B.

  14. saltires en sevilla on

    Good morning fellow Celts- grey but at least it’s dry in Renfrewshire.

     

     

    I choose not to speak ill of the dead.

     

     

    It’s a tough choice right now!

     

     

    Tooting Tim – good to see you back posting.

     

     

    HH

  15. Chuckles telling the shareholders to sack him.

     

     

    Did he not boast at the weekend HE was the biggest shareholder at the club?

  16. Morning all. Lovely day once again down here but still cold.

     

     

    What will today bring? Can only be good. The one nagging worry I have is that SDM and his ilk have contrived the on-going situation in Govan and will reappear on the scene, to take up the reins, now that the debt has gone. I have a fear that the DR are still jumping to his commands.

  17. .

     

     

    Just tried to Explain to My Young Czech guest Why People in Glasgow were Popping Champaign bottles because a Human Being (Their Words) had Died.. On Main News..

     

     

    I think I Failed.. :-(

     

     

    The Girl said most Looked like they Were Not Born when she was in Power.. Ha

     

     

    Summa of Party@NedBogansHouseCSC

  18. I see from the DR website today that Mr Green is suggesting to Swally that he gets rid of Durant and the traitor

  19. Estadio Nacional on

    Heeeere we go threeee in a roooow.

     

     

    Heeeere we go threeee in a roooow.

     

     

    Heeeere we go threeee in a roooow.

     

     

     

    Etc etcs

  20. .

     

     

    Just Googled.. Lazy Thatcherism..

     

     

    Def: To Copy & Paste someone else’s Words/Views or Use Ding Dong in a Post Article..

     

     

    Summa of ToHateOrNotToHateThatIsTheQuestionCSC

  21. jungle jam67 on

    meanwhile……over on the daily retard

     

     

    keith jackshun reporting………green telling steak bake to ditch durrant and mcdowell

     

    whoooa that will save £100,000 a year

     

    money must be well tight over ipox way

     

    never mind

     

    that will still leave steak bake £9,900,000 in the sevco warchest

     

     

    after chuckles comment in the media on monday

     

    from racists comments to the no surrender mindset

     

    he has surpassed whyte imho

     

    and their is still more to come

     

     

    JCGE

     

     

    jam67

  22. Steviebhoy66 on

    Parkheadcumsalford

     

     

    What will today bring? Can only be good. The one nagging worry I have is that SDM and his ilk have contrived the on-going situation in Govan and will reappear on the scene, to take up the reins, now that the debt has gone. I have a fear that the DR are still jumping to his commands.

     

    ————————————————-

     

    You got it nailed, coisty publicly criticising Green after Whyte’s revelations rang a few bells with me….Why would he publicly do that, brown brogues don’t do this ….Hmmm

     

     

    Eve4rything is Toooo contrived for me…either that I’m a paranoid Tim

     

     

    HH

  23. macjay 1 for Neil Lennon,

     

     

    Duty calls but just a wee opinion: I have been convinced for quite a few years that there is a group of Celtic supporters who have a political agenda, to pitch our club in a particular direction which manifests itself in trying to demonise people like Peter Lawwell.

  24. Parkheadcumsalford

     

     

    08:28 on 9 April, 2013

     

     

    Why would Murray want to go back to Ipox?

     

     

    What would he have to gain?

     

     

    There’s no money in it.

     

     

    There’s no reflected glory in it.

  25. jungle jam67 on

    murray going back to ipox?

     

     

    no chance….MIH posted another £97 million pounds loss

     

     

    FTT case on appeal with english based QCs

     

    could be found guilty on every charge this time

     

     

    then there would be CELTIC to deal with

     

    no debt and money in the bank

     

    60,000 seat stadium

     

    they all ready had an arms war with us and lost

     

    big time

     

    sending rfc 1872 to the liquidator

     

    mk|| trifc are bleeding out with record attendences

     

    and a board room in chaos

     

    a far cry from the white and kelly era

     

     

    the future is bright…….its green and white

     

     

    jam67

  26. As far as Murray Mint is concerned it’s mission accomplished, he got to play the big shot with other peoples money for years and was the main beneficiary from the EBT scheme, he has a tidy sum tucked away somewhere for his dodder time why would he want to go back he couldn’t get away with it twice…could he???

  27. Snake Plissken – 07:09

     

     

    ” was a fighter and her enemy was the British working class. Her victories were aided by the politically corrupt leaders of the Labour Party and of many Trades Unions. It is because of policies begun by her that we are in this mess today.”

     

     

    Fraid you forgot to to give the dear SNP the plaudits they’re due in getting Mrs Thatcher elected in the first place as it was there vote, when they sided with the Tories against the Callaghan government in the 1979 Vote of No Confidence, where the Labour party was defeated 311 – 310 votes ( with all 11 SNP MPs voting with Maggie and her pals), that paved the way for her election and subsequent 18 years of Tory rule.

     

     

    Alas the SNPs cunning strategy backfired spectacularly however as is so often sadly the case, as they were then reduced from 11 to a rump of 3 MPs at the subsequent election, when dear Margaret romped home and then went promptly to work dismantling Scotland’s industrial and manufacturing base.

     

     

    That being the case maybe you should add the politically incompetent SNP to the “politically corrupt leaders of the Labour Party and of many Trades Unions”, thanks.

  28. Blooter It!

     

     

    09:15 on 9 April, 2013

     

     

     

    Forsyth was on Shortbread this morning saying the Tories will be forever grateful to the SNP for bringing down the Callaghan Government and allowing Thatcher in.

  29. Paddysmarket on

    Thatchers Legacy

     

    Millions of council houses sold off,now we

     

    have a shortage of council houses on an

     

    unprecedented scale.

     

    Steel works closed thousands made redundant,

     

    now we have to import steel where as we used to

     

    make some of the finest in the world.

     

    Ship yards closed thousands made redundant now

     

    we have to have them made else where, we used to

     

    make some of the finest in the world.

     

    Coal mines closed thousand made redundant, mining

     

    communties destroyed, mines flooded so they could

     

    not be reopened and much of the land sold off to her city

     

    paymasters.

     

    Car manufacturing industry destroyed ,thousands

     

    made redundant, now we have foreign companys

     

    operating this sector.

     

    Public services sold off to city spivs, now we are

     

    charged over the odds for Gas, Electric , Water

     

    Rail Travel. Bus travel etc,etc

     

    Schools that are not fit for purpose being knocked

     

    down and rebuilt by private finances that then bleed

     

    the life blood out of local councils.

     

    No manfacturing base worth speaking of left, were

     

    once we were the workshop of Europe, our kids

     

    now scambling for a job at fast food outlets that

     

    exploit them with wages that no one can live on.

     

    Called people fighting for natural justice terrorists.

     

    Armed , financed and advised along with her American

     

    paymasters. The Afghans and Al Queda who went on

     

    to murder and decimate their own people.

     

    Set up units within the british armed forces that colluded

     

    with the police and loyalist paramilitaries to brutalise the

     

    the Catholic communities in Nothern Ireland

     

    Put the country into the hand of the london spivs or bankers

     

    as they are called, and we are continuing to pay the price

     

    for that and will do for many a year.

     

    Said that there was no such thing as society and communities

     

    only the individual, this had led us to were we are today, post

     

    the yuppies and the self centred ideology of the me me me society.

     

    Sent thousands of young men and women to the other side of the

     

    world to die on a pretence, when in reality she was using them to prop

     

    up her own dwindling popularity and get herself re-elected.

     

    A woman who wrecked the country and was ditched by her

     

    own, when she became a liability, the men in grey suits have

     

    no morals.

     

    The fawning of the womens death is truly gut wrenching,

     

    I will not dance and rejoice at any human beings death as

     

    I was brought up in a family that had real and tangible values

     

    those of the Catholic and Christian communities, with a father

     

    who fought in WW2 not for his country but for his survival,

     

    someone who drilled into me the meaning of family values, and

     

    helping your fellow man/ woman.

     

    Margaret Thatcher??????

  30. Celtic undoubtedly – imo – has one of the finest youth set-ups in Europe.

     

     

    Teams of all age-groups are invited to prestigious international tournaments on a regular basis, and last season the club was one of the 16 original participants of the Next Gen series, a tournament where Tony Watt came to prominence.

     

     

    In this season’s tournament Celtic were in a group with Aston Villa (the eventual winners), Sporting Lisbon (semi-finalists) and PSV. They did not disgrace themselves, and with a little more luck could have gone further.

     

     

    Currently the under-20s are in the UAE.

     

     

    Now it is the turn of the under-17s.

     

     

    http://www.celticfc.net/newsstory?item=3866

     

     

    Tournaments like these can only be good for the bhoys involved and should greatly help their development.

     

     

    I hope the club will continue to make resources available to this vital part of the club’s future.

     

     

    HH!!

  31. macjay1 for Neil Lennon on

    Parkheadcumsalford

     

    08:52 on 9 April, 2013

     

     

    Cheers.

     

    Glad I`ve managed to catch you.

     

    The tyrrany of time-zones.