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. Bhoys own up. Who posted this on the Tom English web chat?

     

     

    12:29 [Comment From Joe Canoe Joe Canoe : ]

     

    Do you think Charles Green underestimates the intelligence of the Rangers’ supporters?

     

     

     

    LB

  2. LiviBhoy

     

    In the last 30 years ( figures off the top of my head )

     

    A loaf of bread x 3

     

    A pint has increased approx x 5,

     

    Average houseprice x 5.

     

    Attendance at football x 10

     

    Top players wages in Scoitland x 10 – 20

     

    Top players in England x 30 – 50

     

     

    The numbers are guessed ( or made up ) but the principle is there to be seen.

     

    The players may be paid 10 or 20 times more than 1980’s but they certainly are not 10 or 20 times better.

     

     

    The Onlooker

  3. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    BADA BING

     

     

    A fairly simple task that HAMILTONTIM’s pupils would take in their stride.

     

     

    Thirty fixtures,ffs.

  4. Auldheid 11:54 on 9 April, 2013…………

     

     

    Jimmy McC……………….. Prior to Cowglen, he was a UPW steward in Pitt Street,(the old GPO Phones)…………Post NSB he left for HMSO refusing promotion in order to continue as Convenor in what I think became the NUCPS……….

     

     

    Regards & Hail Hail

     

    TBM

  5. The Onlooker

     

     

    Something has to give. My mates can all sit in the house and watch a game live on the internet and know more about it than me when I manage to get to a game these days.

     

    The floating fan is no longer a floating fan. He can watch all the games in the house for free with a beer and a cigarette and not worry about getting his feet wet.

     

    The prices must come down or this will increase. Kids are now at the stage where the internet is everything. There must be some who have never watched a Celtic match on anything but an illegal stream. How do we get them into the ground? We need to reduce prices. If that means reducing wages then so be it.

     

     

    LB

  6. Falkirkbhoy,

     

     

    I have often thought that.

     

     

    The argument against merging clubs is that the new club would enjoy no historical support from the communities served by the old clubs. However, the shared resources, particularly from selling decrepit stadia, would allow economies of scale to produce, theoretically, far better sides. The argument must be there that the new clubs would win as many fans as the old clubs, cumulatively, would lose through amalgamation.

     

     

    It reminds me of the Brazilian state championships, where the creme de la creme end up playing against teams that average 50 or 60 a game. It is ridiculous, out-moded and inefficient that Celtic have to play in a league structure with, to be blunt, the plankton of the football world.

  7. LiviBhoy

     

     

    Dont tell Chuckles about Illegal streams, his whole business strategy for Sevco is based on making Tens of Millions from the internet…

  8. setting free the bears 11:57 on 9 April, 2013

     

     

    Hahaha…………. Aye but I think he was better known as Jimmy……..

     

    You must know him………….. Surely there cannot have been two people at Cowglen with the given name Jimmy? :-)……….

     

     

    Regards & Hail Hail

     

    TBM

  9. jake the snake ‏@celticservant 3m

     

    Fixtures post split. Inverness (h), Motherwell (a), Dundee United (a), Ross County (a), St Johnstone (h). Via @RodneyFarmer

     

    Expand Reply Retweet Favorite More

  10. ASonOfDan

     

     

    I suspect he has already realised that the millions he thought he would make will not materialise. He is engineering his exit.

     

     

    LB

  11. Friends..! Romans..!

     

     

    And Those Tedious ‘Plastic Paddies’..!

     

     

     

    Pray Lend Me Your Ears..!

     

     

     

    ~~~~~~

     

     

    Margaret Thatcher took a ruined, dishonoured and bankrupt Britain and left it prosperous, confident and free

     

    ——————————–

     

    By Daniel Hannan ⁠Politics ⁠Last updated: April 8th, 2013

     

     

    I’m not sure you can appreciate the magnitude of Margaret Thatcher’s achievement without some knowledge of the calamity that immediately preceded it. Most British people can no longer remember the Seventies. I am just fractionally above the national median age – born September 1971 – and my recollections are hazy. What I do recall, though, was the sense of despair. Again and again, I would hear adults casually say “Britain is finished”. Having spent my early years in Peru, where Britain was still looked up to as a serious country, I was shocked.

     

     

     

    In fact, such sentiments were understandable. These were the years of the three-day week, of prices and incomes policies, of double-digit inflation, of constant strikes, of power cuts. Throughout the 1960s and 1970s, the United Kingdom had been outperformed by every European economy. “Britain is a tragedy – it has sunk to borrowing, begging, stealing until North Sea oil comes in,” said Henry Kissinger. The Wall Street Journal was blunter: “Goodbye, Great Britain: it was nice knowing you”.

     

     

     

    Margaret Thatcher, almost alone, refused to accept the inevitability of decline. She was determined to turn the country around, and she succeeded. Inflation fell, strikes stopped, the latent enterprise of a free people was awakened. Having lagged behind for a generation, we outgrew every European country in the 1980s except Spain (which was bouncing back from an even lower place). As revenues flowed in, taxes were cut and debt was repaid, while public spending – contrary to almost universal belief – rose.

     

     

     

    In the Falklands, Margaret Thatcher showed the world that a great country doesn’t retreat forever. And, by ending the wretched policy of one-sided détente that had allowed the Soviets to march into Europe, Korea and Afghanistan, she set in train the events that would free hundreds of millions of people from what, in crude mathematical terms, must be reckoned the most murderous ideology humanity has known. If it hadn’t been for her iron resolve in facing down the ‘Evil Empire’ of the loathsome Marxists,Uncle Joe Stalin’s T-54 tanks would still be parked on Zbysek’s front lawn.

     

     

     

     

     

    Like everyone else, I remember where I was when she resigned. It was the equivalent, for my generation of  John F Kennedy being shot – an event which, curiously, also took place on 22 November. After three election victories, the Iron Lady was brought down by a collection of Euro-fanatical MPs – the “November Criminals” as one of my local party chairmen darkly calls them. It’s true that there were several factors in her unpopularity, above all the poll tax. Still, it can’t be repeated too often: the immediate cause of Margaret Thatcher’s toppling was that she opposed Britain’s membership of the euro. Who called that one right?

     

     

     

     

    On any normal measure, she was a supremely successful politician. I’d go further and call her our most successful prime minister ever. Yet she drove many to a hatred so intense that, even on the day she died, a frail grandmother, the Internet was filled with venomous joy.

     

     

    Where does it come from, this inchoate loathing? Anti-Thatcherites tell you that it’s because she closed down the old industries. (She didn’t, of course: she simply stopped obliging everyone else to support them.) Yet it must surely be obvious by now that nothing would have kept the dockyards and coalmines and steel mills open. A similar process of de-industrialisation has unfolded in every other Western European country, and the only parties that still talk of “reviving our manufacturing base” are Respect, the Scottish Socialists and the BNP.

     

     

    No, what Lefties (with honourable exceptions) find so hard to forgive is the lady’s very success: the fact that she rescued a country that they had dishonoured and impoverished; that she inherited a Britain that was sclerotic, indebted and declining and left it proud, wealthy and free; that she never lost an election to them. Their rage, in truth, can never be assuaged; for it is the rage of Caliban.

     

     

    Our Darling Maggie…..

     

     

    Gone To A Better Place….

     

     

    Away From Her ‘Cornerboy’ Tormentors..

     

     

    Still….Laughin’ (Of Course )

  12. falkirkbhoy

     

    12:29 on

     

    9 April, 2013

     

    The elephant in the room is Scotland can’t support all these clubs. Within a 5 min drive I have Falkirk, Stenhousemuir, Eaststirlingshire and Camelon juniors.

     

     

    They are all after the same 6,000 that still go to football matches. Less the Celtic, Jambo and sevco fans that attend their games.

     

     

    It can’t be done anymore.

     

     

    ————–

     

    falkirkbhoy;

     

     

    Do the Shire not ground share with Stennie??

     

     

    And if you’re listing Camelon……you better add The Rosie Posie & the BU’s, who are most probably the best supported of the Junior teams…..

     

     

    Q – Does the St Mungo CSC still run?

     

     

    Paddy T

  13. I would have thought first fixture on split would have been us

     

    fulfilling our fitures against the teams closest to us in a

     

    even way i.e MURDERWELL at HOME.

     

     

    Imagine it had been in the bad old days against that team that

     

    is now deid.

  14. Any ftse experts around ?

     

     

    what does a trading status of ‘Periodic Auction Call’ mean against a company’s shares ?

     

     

    Sanna

  15. Merge the clubs, pool their resources and work with the schools. We have teams on the same street in the SPL.

     

     

    Raith Rovers, Dunfermline, Cowdenbeath, and east fife in a small area. Not even counting the junior clubs there.

  16. repeating a question from the other night .

     

     

    SPL rules state that trophy is presented at the next home game after the title is clinched unless it’s the last game of the season .

     

     

    Does that mean we don’t get the trophy until the last game (v Motherwell) !?

     

     

    Sanna (paranoid csc)

  17. So ICT at home on Sunday 21st April according to STV. If Motherwell don’t win on the Saturday then league is won before we kick another ball.

  18. SmashingMilkBottles on

    I’m not psychic but I feel the presence of Phylvis hovering over the F5 button…

  19. The Onlooker on

    LiviBhoy

     

    Or add something to the match day experience that is not available at home.

     

     

    I was in San Diego last year. The SD Padres are an average baseball team with a great (half full ) stadium.

     

    Before the game , there was live tribute band behind the bleachers, food and beer available (with ID). Between innings their cheer leadering ‘Pad Squad’ launched trinkets ( mini baseballs, T shirts etc ) into the stands for kids. Game ended with a lazer / fireworks display.

     

     

    Came away thinking I had full value for my €25 seats

     

    ( accept that Southern California has a climate that facilitates much of the above , but we need to think smarter than we currently are.

     

     

    The Onlooker

  20. Singing detective

     

     

    Was that boy from Peru – Paddington Bear?

     

    Analysis of the witch was about par for a speaking bear!

     

     

    Battered Bunnet – on Minty

     

     

    If he wanted out to France and the banks control so much of his business why not go now or before? Why does he continue? The £800k a year is huge for the likes of me and other ordinary people – it’s pennies to Minty surely?

     

    So to me still too many unanswered questions

     

     

    HH