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. Damnitall, but I think wiser heads have to prevail on this one.

     

     

    Yup, it’s a Toon tie, or a Buddy tie someone lent him.

  2. The establishment will pull any stroke to keep a certain club off the front pages… :0)

  3. The Onlooker on

    Someone please Post Elvis Costello ” Tramp the Dirt Down”

     

     

    A song written for this very day

     

     

    The Onlooker

  4. Joe Filippis Haircut

     

     

    Right now mate she is on the sharp end of a pitch fork. No perpetual light for that one.

     

     

    Took us to war to win an election. Her hands were dyed red with the blood of innocents.

  5. Chris Graham has announced that Peter Lawwell is responsible for the passing of Margaret Thatcher.

     

     

    Charles Green to issue a new strip at the weekend to commemorate Margaret’s glorious victory in the Falklands. Limited edition , monies to be paid into Craig Whyte’s dad’s bank account.

  6. havent posted for a while and I know this isnt football related but on this day cannot help but say

     

    Thatcher and her policies caused considerable crying here in Ireland no more tears as she said once

     

    “enough is enough is enough”

     

    I wont celebrate her death but I will shed no tears

  7. My English wife’s been swearing like fupp – i’ve been muted til I heard she had to be moved to the Ritz. Sorry cqn – never speak I’ll of the dead – I’ll shut up then as I have a drink

  8. I see the verdict on St Mirren is in – Gilmour is a Green puppet doing his master’s bidding. Apparently.

     

     

    How about we look at it from a more basic perspective – the merits of the proposal.

     

     

    For two years we have been preaching on this forum of the need for sporting integrity to prevail. This proposal rides roughshod over the top of sporting integrity. It should be kicked into touch and those wanting it kicked into to touch should be applauded, but bizarrely we have St Mirren doing exactly that and being lambasted because it also happens to align with the views of Charles Green.

     

     

    This season’s various league competitions started with clear prizes on offer – titles, play-offs, promotions and relegations. Half way through the season is no time to change those rewards to something else. Any change in structure must be set prior to the season commencing and the appropriate rewards outlined before the first ball is kicked in that competition.

     

     

    I don’t think the 12-12-18 format is good, the 8-8-8 split is farcical and another solution would be a better all round option. However, that is not the issue at hand. The issue at hand is the fact that this proposal introduces it in July 2013. No such sporting change should take place.

     

     

    There is nothing preventing the other changes – merging of SPL and SFL, introduction of play-offs with agreed rewards and cascade of prize money to commence from this July, but the sporting league setup should not be touched until the end of the next season.

     

     

    We may be suspicious of Gilmour and especially Longmuir (beware the horse that turns in midstream), but Gilmour is right, as are Ross County. This should be rejected as a solution for July 2013 and if that just happens to be what Charles Green wants then so be it.

  9. Kilbowie Kelt on

    I will never celebrate anybody’s death.

     

    I will, however, not be doing any mourning.

     

     

    My thoughts today will be more with those lives that she blighted so cavalierly, most particularly our mining communities, & the 600 young men that she mercilessly, & un-necessarily, ordered to be drowned like rats in the freezing waters of the South Atlantic.

     

     

    Sometimes the idea of a Heaven & a Hell has its attractions.

  10. Just got a text informing me it was a jelly & ice cream day.

     

     

    Thought it might be another stage in the demise of Sevco but it was indeed Snobby Roberts who has passed from this earth she disliked so much.

     

     

    I am pleased for her that she will soon be taking up residence in a place more suited to her temperament.

     

     

    Elvis Costello is at full blast as we speak.

  11. jude2005 is Neil Lennon \o/ on

    Hey satan thers a bad bitch on her way to you. Make sure thers room.

  12. Dontbrattbakkinanger on

    Her passing is noted but not mourned.

     

     

    She ripped the soul out of the U.K.

  13. Everybody has the right to react to that woman’s death how they choose. But I won’t be thinking about forgiveness or refusing to speak ill of the dead.

  14. Ill advised? Another organisation who are scared to take on Sevco and the zombies.

     

     

    Show Racism the Red Card’s Chief Executive, Ged Grebby said:

     

     

    “The comments of Charles Green are very ill-advised and someone in his public position should really know better than to use this kind of racist and offensive language.

     

     

    “The use of the term “Paki” is highly offensive and it is something that we at Show Racism the Red Card are trying to educate young people against. For the CEO of Rangers to use the term in any context is not helpful as it sends out the wrong message to young people.

     

     

    “Show Racism the Red Card has a long standing working relationship with Rangers FC. The club is an excellent supporter of our anti-racism and anti-sectarianism campaigns.”

     

     

    Show Racism the Red Card work proactively across Scotland educating young people and society about the dangers of racism and sectarianism, empowering anyone who engages with the campaign to become active citizens safely challenge racism and sectarianism in their own communities and beyond.

     

     

    A significant part of this education is looking into terminology and defining what is appropriate

  15. TwoMacaroons on

    Oh Gawd, now we’re going to have to endure endless programmes about her life, mock grieving politicians, and a bloody state funeral. beam me up!

  16. darwinsbeautifulidea on

    happy days the cow has died hope it was prolonged and painful for the murderer

  17. Tallybhoy – will send a wee e-mail tonight

     

     

    Lunchtime so I’m watching BBC News coverage of Thatcher’s death. The BBC newswomen, think her name is Shan Williams, has just asked “what will her legacy be?”.

     

     

    Jeeso I’d have to take the afternoon off to begin to answer that one! I’ve got lots of thoughts but none of them positive. A horrible, divisive individual.

     

     

    No celebrating from me but no crocodile tears either.

     

     

    Better get back to work…….

     

     

    WorsteverwomaninpoliticsCSC

  18. Not very Christian of me, but may Thatcher rot in hell.

     

    RIP to all who have died due her wickedness.

     

     

    Hail Hail

  19. cliftonville celt from belfast on

    Never mind all that other sh@#e Thatchers dead !!!!!!!!

     

    break out the beers & its my birthday whoooooo hooooooooo

     

     

    How good is it to be a fenian from Belfast at the minute 8-)

     

     

    Revenge is oh so sweet

  20. I would think the celebrations and street parties will make up for the fawning from the msm.

  21. DontPatmadug on

    Glasgow City Council ‏@GlasgowCCouncil 7m

     

     

    Street party applications are now open for groups wanting to host a “So Long, Milk-Snatcher Thatcher” party. Please form an orderly queue.

     

     

    I feel someone may get their a**e felt for this one. Away to put my application in.

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