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. I have been told that the reason that everyone is saying it is a take it or leave it deal, is because Celtic have agreed to give up quite a bit of cash to facilitate this and have stated that if it is not taken up now, then they will withdraw the offer and look after themselves.

     

     

    Sevco appear to be trying to promise people something similar if they are fast-tracked and a 14-14-14 put in place.

     

     

    The difference is, they have no money to give away and are making empty promises…

  2. Gordon_J

     

     

    I don’t know, is the honest answer. The Dundee guy makes a good point about the lack of clarity coming out of the SPL and the SFL on this, but since when did we ever have clarity about anything from those guys?

  3. .

     

     

    Bobby..

     

     

    Of Course I was Being Flippant but they Both Did Say Similar to My Words and have Posted on FB..

     

     

    I will Translate latter..

     

     

    To Read All these Second hand Comments and Songs by Multi Millionaires they Wrote when they Were Skint.. It’s Embarrassing..

     

     

    I Posted My Personal Micro dealings with the Tory’s then said they Probably did me a Favour and My Family a Favour in the Long Run.. That’s all..

     

     

    I will Always stand up against Hatred..

     

     

    I Just Might Not be Able to Put it Across as Well as Some..

     

     

    The Czechs are on The Cider.. Ha Ha

     

     

    Summa of AbhorHatersCSC

  4. For example, if there is an explanation of the proposals anywhere on the official SPL website, I cannot find it. This is rubbish.

  5. Had I met her in life, I would not have given Margaret Thatcher a nod in the desert. Or as the more uncouth might put it, even a reek of my shit, and now that she is dead, I shed no tears for her.

     

     

    However those celebrating her death in a fairly tasteless fashion might like to consider the following, taken I think from a song about the Boer War.

     

     

    ‘There’s forty thousand bastards on the old Transvaal and room for a million more’.

     

    Think Cameron. Think Osborne. More pertinently think the Blairs, Browns, Mandelsons and Reids who having thirteen years in power to roll ba

  6. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    16 ROADS

     

     

    In the nineties my girlfriend’s dad mentioned that he could no longer trust the Tories as they had really let him down,and asked my opinion on it

     

     

    I replied it was a criminal offence to vote for them where I come from,and he deserved what he got. But to remember that he had benefitted enormously from them in the past-but at whose cost?

     

     

    Curiously,he agreed after thinking about it.

  7. Celtic_First,

     

     

    Good point!!

     

     

    One of St Mirren’s arguments is that the like some but not all of the proposals and want to debaate on that basis. Specifically they said that the split into three, meaning that those at the bottom of the SPL and top of the SFL start again on zero points makes no sense – I agree that this is crazy.

     

     

    They also mentioned the problem of selling season tickets to fans when they don’t know what games they will be seeing – but that comes with any set up that involves a league split.

  8. Previous posting should have read.

     

     

    Had I met her in life, I would not have given Margaret Thatcher a nod in the desert. Or as the more uncouth might put it, even a reek of my shit, and now that she is dead, I shed no tears for her.

     

     

    However those celebrating her death in a fairly tasteless fashion might like to consider the following, taken I think from a song about the Boer War.

     

     

    ‘There’s forty thousand bastards on the old Transvaal and room for a million more’.

     

    Think Cameron. Think Osborne. More pertinently think the Blairs, Browns, Mandelsons and Reids who having thirteen years in power to roll back the Thatcher Major years

  9. Someone posted earlier about Minty returning to the Bigotdome

     

    Personally I think that might be spot on

     

    I know his “business” MIH is losing money hand over fist but then what’s new about that

     

    He never was very good in reality – it was only support from his friends in the banks that made it appear that he was some kind of wonder capitalist

     

    Now what do we still not know?

     

    We still don’t know who put up the money that Ticketus gave to TGEF

     

    Whoever that was – is still looking to get it back

     

    Now who introduced TGEF to Ticketus? – Minty

     

    Minty also knows that when it was running he was able to take millions out of the Huns

     

    Properly run it should be capable of making money

     

    All he needed was for it to be rid of all that nasty debt

     

    Enter TGEF – debt problem gone and hardly a mention or criticism of that particular scandal

     

    Minty really is a bastard child of Thatcher – her deification of self,greed and spivery made her the perfect patron for the Huns, Zombies and no doubt the thing that comes after the Zombie phase

     

    The big question is now who owns the assets – if TGEF can prove that he does – then Chucky is in trouble

     

    They are already losing £1M a month – at that rate the £22M ( ok we all know its nowhere near that ) wont last too long

     

    Time perhaps for another Administration and time for real Huns like Minty to make a come back

     

    Too far fetched I hear you say?

     

    Well remember who came to see Sally just before Admin 1?

     

    Who is that the MSM still seem to regard as untouchable?

     

    For someone who has apparently no further interest in public life in Scotland Minty has kept loads of people in the media under his control – why?

     

    Could it be that he thinks one day he might need those people again?

     

     

    HH

  10. Who is in charge of media relations at the SPL? Whoever it is, why have the failed to file a single media release in the whole of 2013?

  11. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    SUMMA. OF SAMMI

     

     

    I was being flippant myself-I’m just not very good at it…..

     

     

    Czechs drinking cider,eh? They must be missing the Budvar,my all time favourite.

  12. Gordon_J backing Neil Lennon

     

    11:02 on

     

    9 April, 2013

     

     

    The counter argument to the play off group of 8 starting afresh with 0 points and playing 14 games is that all play off systems are unfair to someone. The example given last night on Sportsound was the much heralded English play off system where a team can finish 3rd in the Championship, losing out on automatic promotion on goal difference, and can be defeated in a cup tie against a team that finished 6th some 20 points behind them. That’s even more unfair that the current SPL proposal.

  13. Third time lucky. It must be the emotion of the occasion getting to my keyboard.

     

     

    Previous postings should have read.

     

     

    Had I met her in life, I would not have given Margaret Thatcher a nod in the desert. Or as the more uncouth might put it, even a reek of my shit, and now that she is dead, I shed no tears for her.

     

     

    However those celebrating her death in a fairly tasteless fashion might like to consider the following, taken I think from a song about the Boer War.

     

     

    ‘There’s forty thousand bastards on the old Transvaal and room for a million more’.

     

    Think Cameron. Think Osborne. More pertinently think the Blairs, Browns, Mandelsons and Reids who having thirteen years in power to roll back the Thatcher Major years did nothing.

  14. charles kickham on

    RTÉ News ‏@rtenews 1m

     

     

    Former British prime minister Margaret Thatcher’s funeral to take place next Wednesday 17 April.

  15. Scottish Player of the Year

     

    Only one nomination.

     

     

    Victor Wanyama 67

     

     

    EC67

     

     

    OthersneednotapplyCSC

  16. The reason Murray will never be back at SevCo is because he is now in the firm grip of LBG.

     

     

    He doesn’t have a Masterton to bail him out this time. Oh, and the Sevconians despise him.

  17. croppybhoy

     

     

    11:02 on 9 April, 2013

     

     

     

    Minty was never ‘a real hun’.

     

     

    He wasn’t even a football fan.

     

     

    He was a rugby man.

     

     

    He only got involved in football as a way of swinging his dick.

     

     

    Even then his first choice was Ayr Utd. That was personal and was to get it up the great and good of Ayr over the way his family had been shunned when his father went bust.

     

     

    Ayr Utd knocked him back. He said if he’d bought them he’d have spent more on them (presumably other people’s money) than he did on the huns.

     

     

    I just don’t see why he’d want to go back to the huns. There’s nothing there for him but grief.

  18. Martin McGuinness

     

    @M_McGuinness_SF

     

    Resist celebrating the death of Margaret Thatcher,she was NOT a Peacemaker but it is a mistake to allow her death to poison our minds.

     

     

    My mind is not poisoned, it is clear and happy today…

  19. 16 roads - Neil Lennon walks on water. on

    BMCUWP – Some of them actually find it funny to vote for those Tory things.There is nothing funny about it.

  20. The only good thing Thatcher ever did was hand the Scottish Cup to Roy Aitken!

     

     

    LB

  21. Kayal33,

     

     

    Yes – although in England it becomes knock out rather than a new league, but still unfair.

     

     

    The proposals would see the bottom four in the SPL start again at zero. This season it would have meant Hearts in 9th starting again on the same points as Dundee – and therefore losing a big lead they had built up over the first half. Similarly in SPL1, Thistle and Morton would lose their big leads over whoever came 3rd and 4th.

     

     

    I’m a great believer that a league is a league. The amount of points you gain over the season should determine where you finish in your division and nothing else. I can see the value of play offs between leagues (eg 2nd bottom in one and second top in the one below) though.

  22. Just found out about this. lol!

     

     

    CHARLES GREEN has asked Ally McCoist

     

    to consider sacking right-hand men Ian

     

    Durrant and Kenny McDowall to save his

     

    own job.

     

    And we can reveal the astonishing request

     

    has plunged Rangers into civil war.

     

    Embattled Ibrox chief executive Green has

     

    undermined boss McCoist by axing physio

     

    Pip Yeates, chief scout Neil Murray and

     

    striker Fran Sandaza in a chaotic two-

     

    week purge.

     

    But the Yorkshireman has now gone even

     

    further by telling McCoist he believes

     

    Durrant and McDowall must also be

     

    binned as part of his restructuring plans.

  23. Good morning CQN

     

     

    Whits happening the day then? I said my peace on thatcher yesterday, so don’t want to repeat.

     

     

    Weefra HH.

  24. Gordon_J backing Neil Lennon

     

     

    The legue proposals are doomed to failure because of this. I agree with you. Nobody should have their points zeroed.

     

    I also don’t think anyone should not know what they are playing for once the league gets underway. The proposals should be put through after next season IF they are voted through which it appears they now won’t.

     

    A 16 team league would suit me. Less games and more chance for Celtic to play their better players in Europe whilst being as fit as possible.

     

    A16 team league would also allow the Aberdeens, Dundee United’s and Hibs of the league to go on a run playing the weaker sides and this would improve not only their crows but also their chances of making the league more competitive. They would only have to face us twice a season. A 16 team league would also allow teams to blood youngsters and allow the flair players to flourish without fear that a few losses would result in a relegation dog fight.

     

     

    LB

  25. Ten men and earnie

     

     

    You’re both right Minty never was a real Hun but he made plenty of money out of those who were.

     

    He’s as I said a child of Thatcher -his creed is greed

     

    He knows he can make money out of them

     

    Some of his friends have left the banks but have all of them?

     

    Remember wee Eck doing his bit for them -who has Minty being throwing money at recently?

     

    I say again, if Minty just wanted to slip off in to the sunset, why is he still hanging around

     

    As last week showed his MIH business is practically entirely owned by LBG -that level of finance is never coming back – but something that earns him a couple of million a year might be very attractive to him in his reduced straits!

     

     

    HH

  26. Marrakesh Express on

    Simon Weston’s comments on This Morning, regarding the police at Hillsborough and Thatcher’s stance, will NOT go down well in Liverpool.

  27. croppybhoy

     

     

    I can’t see Murray back at Ibrox. The job drained him. Football is a 24 hour business.

     

    He wouldn’t have full control which he demands in his companies.

     

    He is running out of cash and although he will never be skint he knows that football clubs hemmorage money at an alarming rate. He has made millions out of Rangers due to his creative accounting nobody will ever know how much he made.

     

    He would never be able to do what he did at Ibrox in the past again. One thing I was always taught in business is never go backwards. Always move forward. He has nothing to gain from returning. He knows more than most the state of the club and is smart enough to avoid it. I would imagine that he will be happy to sit at his plush villa in Frnace and watch his grapes grow and relax. The private jet is retired and I would expect him to follow suit sooner rather than later.

     

     

    LB

  28. Auldheid 10:35 on 9 April, 2013…………..

     

     

    My Da would have been the CSU Convenor at Cowglen about then…………….

     

     

    Regards & Hail Hail

     

    TBM

  29. Gordon_J backing Neil Lennon

     

    11:18 on

     

    9 April, 2013

     

     

    I agree that the ideal is every team plays each other the same amount of times home and away and the points gathered determines your league position. Adding play offs to that then changes that principle as you could finish 2nd bottom and then lose in a cup tie against a team from lower league.

     

    Maybe we should just have a 12-12 set up and a 44 game season (like we had in late 80s/early 90s) and do away with the League Cup. Start season earlier, get some midweek league games in the early part of the season instead of League Cup ties played in empty stadiums.

  30. jungle jam67

     

    MIH lost £97m but the banks who are holding the reigns gave murray a wage of £834,000 this year.

     

    He will get to take control again, when the banks have had their cut.

  31. ASonofDan

     

    Where did that Green piece (!) come from?

     

     

    Marrakesh.

     

    What did he say?

     

     

    Anyone.

     

    Any news on the fixtures?

     

     

    JJ

  32. LiviBhoy

     

    Problem with 16 teams is that you get 4 less home games.

     

    Do we see our season tickewts come down in price?

     

    Unlikely.

     

    Making numbers up as I go along I reckon that if season tickets remain at the same price then we will have increased the cost per game by approx 25% to approx £33

     

     

    That would then push the ‘walk up’ price at the ground towards £38-£40 ( otherwise there would be no point in having a season ticket)

     

     

    I’m afraid that we may see tumble weed blowing through the stadium

     

     

    The Onlooker

  33. SmashingMilkBottles

     

    07:06 on

     

    9 April, 2013

     

    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?

     

    ******************

     

    Aye

     

    so welcome to the party (thumbs up)

     

    V

  34. Dropped back in…

     

     

     

    Jungle Jim

     

     

    11:31 on 9 April, 2013

     

     

    Anyone.

     

    Any news on the fixtures?

     

    ________________________

     

    A few pages back – sumdy said that Matt McGlone had heard from a good source that

     

    our 1st game after the split will be – ICT at home.

     

     

    There are few better Celt’s going around than MM so – I’ll believe him.

     

    Time will tell.

     

     

    Have to leave this time.

     

    Adios – Jungle brothers CSC

     

    Off oot

  35. At most there should only be two senior leagues in Scotland nowadays, maybe of the good old 16/18teams, playing each other home and away, giving plenty of spare time for friendlies and cup tournaments – domestic and Europe. Below that a pyramid of the lesser teams in a regional structure with promotion/relegation to/from the div2 . And what’s wrong with bringing back the league cup to its old ‘pre-season’ group structure with the final in October?