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. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. 8
  10. ...
  11. 27

  1. celtictrust.net/index.php?func=d_home_msps …. So far we have had over 1000 people using the link to contact their MSP’S. Help keep the pressure on.

  2. leftclicktic on

    ASonOfDan

     

    13:01 on

     

    8 April, 2013

     

    No comment from the SFA about Green and his racist comments.

     

     

    Why not contact FARE(Football Against Racism in Europe) direct and ask their opinion.

     

     

    FARE secretariat

     

     

    FARE Network

     

    PO Box 72058

     

    London

     

    EC1P 1UH

     

     

    United Kingdom

     

     

    T: +44 20 72536795

     

     

    E: info[@]farenet.org

     

    ————-

     

    This email not working for me has anyone got any email addresses I can contact over Greens comments

  3. darwinsbeautifulidea

     

     

    We should organise another red card display, the way we did when she appeared at Hampden.

  4. pabloh_AKA_NEIL LENNON on

    If its proved that whyte was definitely involved in launching the tribute act, making a mockery of the SFA, then it bloody serves the SFA right – the SFA/SPL just wanted some form of rangers to continue, preferrably in the SPL no matter how they done it. The rules didn’t apply then, the rules still won’t apply now; they’re hardly going to punish them!

     

     

    They were allowed to go over a decade overspending & breaking the rules unpunished, and the tribute act has been allowed straight back into the leagues to immediately overspend (1m a month) and go down a familiar path. The sad thing is that if this version fails like the last, they will be straight back probably called the the rangers with a proud 140yr history.

     

     

    Rangers, Sevco & SFA shame on you!

  5. obonfanti1888 on

    That sound you hear is thousands of champagne corks around Scotland and Northern England popping !

  6. Maybe the St Mirren tie is a device for deflecting the directional microphones.

     

    Maybe he should’ve worn one when he was talking to Craigy boy.

  7. How do I mourn/ celebrate Maggie’s passing. I’m listening to Christy Moore

     

    “And then I dreamt I was in the jacuzzi

     

    With that auld whore in no. 10

     

    And then I knew I’d never ever

     

    Ever drink again’

     

     

    And I’m off to the CCC in Belfast. There will be a good Irish wake this afternoon

  8. BSR – gratuitous use of the Elephant Man there………..

     

     

     

    Please give appropriate warnings in future.

  9. Stringer Bell on

    Are we going to have a minutes silence foisted upon us to mark the passing of Thatcher?

     

     

    If so, it will be messy, and not just from a Celtic perspective.

     

     

    The SFA / SPL should consider wisely………..

  10. Cameron McNeish ‏@CameronMcNeish 43s

     

    Mmm, a good day to go for a long bike ride.#noradios #notelevision #notories

  11. masty is neil lennon on

    many on here, much more gracious than myself regarding thatcher, personally i hope she rots in hell, sorry if anyone gets offended, but that is just the way i fell about the DOG..

  12. masty is neil lennon on

    magaret hilda thatcher born grantham 13th october 1925, died london 8th april 2013, sadly missed brighton 12th october 1984.

  13. lionroars from previous thread i will be doin the huddle walk,still to register.

  14. Will someone buy DEAD Maggie Thatchers (how good does that sound!) history, handbags and home and pretend that there has been a miraculous recovery. It’s been done before you know someone pretending something that is dead isn’t actually dead – “just look its wearing the same clothes and lives in the same house so it must be the same”. Fact is indeed stranger than fiction.

  15. masty is neil lennon 13.49 – Best yet

     

    ——————

     

     

    Very noble sentiments expressed here about not celebrating her death,,,,B@##@x tae yees!

     

     

    She made greed and selfishness good

     

    “there is no such thing as society”

     

     

    in the same speech..

     

     

    “and people must look to themselves first”

     

     

    Celebrate long and loud, I will!

  16. masty is neil lennon on

    what we all must remember, maggie was some-ones daughter…….THE DEVILS…

  17. masty is neil lennon on

    quite ironic iron pants dies on the same date bobby sand was elected MP for fermanagh south

  18. stephenpollock on

    Embarresed to read the comments from some Celtic supporters over the death of an 87 year old woman. Many might not agree with her decade of rule, but quite what is to be gained by ill comments is beyond my comprehension – better to say nothing at all.

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

    That Cliftonville vs Linfield game on Saturday will be explosive.

  20. personal joke for Owen if your Lurking

     

    mum just said I hope denis can afford the tax on another room being empty!!!!!!!!!!!!!!!!

     

    SHES BACK

  21. Stringer Bell

     

     

    I hope they do try to force a minutes silence on us. Let it be tarnished at every ground across the land. Probable few exceptions of Chelski village and some others.

  22. DontPatmadug on

    Watching the coverage of her death I have one emotion and one only when I see old news reports of her career. HATRED.

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. 8
  10. ...
  11. 27