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. ...
  4. 5
  5. 6
  6. 7
  7. 8
  8. 9
  9. 10
  10. 11
  11. ...
  12. 27

  1. DontPatmadug on

    Debi Edward ‏@EdwardDebi 6m

     

     

    People here at George Sq protest tell me they are here to celebrate the death of a woman with blood on her hands – for Falklands and miners

  2. Stringer Bell on

    ianbhoy929

     

     

    17:52 on

     

    8 April, 2013

     

    17:47 on

     

     

    —–

     

     

    If you don’t mind me asking, could you tell me what age you are?

  3. ArranmoreBhoyLXV11 on

    HH

     

     

    No blog this afternoon….I had to ACTUALLY work! Thatcher wanting my increased productivity!

     

     

    Reflecting on her, I can’t stop singing Christy Moore s song Ordinary Man..

     

     

    Contained therein, are some lines… stripped me of my dignity & pride.. Many will feel that tonight.. She destroyed a SOCIETY as we know it.

     

     

    Ps SFA, GET THE FINGER oot… Get the fixtures out and stop pretending Sevco matter. SPL top 6, give us the fixtures..

     

     

    Chuckles Green…a despicable,odious man… How dare he get away with using racist language ….

     

     

    HH

  4. squire danaher on

    Just back in from a planned continued celebration of the Squire’s birthday which was yesterday

     

     

    Squire-ess had booked us in for lunch at the French place next door to the Mussel Inn

     

     

    We received todays news on the train into town and the scheduled wine was upgraded to champagne

     

     

    I too would normally baulk about the celebration of death but in this case I am happy to make an exception

     

     

    While agreeing she will rot in Hell I must say I do have some concerns that, given precious experiences, she will have the furnaces closed down

     

     

    I am more inclined to remember the innocent lives she destroyed both literally and metaphorically; Argentinian conscript servicemen, and mining and steel communities – without getting started on her behaviour towards Ireland

     

     

    From RTE.ie

     

     

    The death of Margaret Thatcher was a “great day” for coal miners, David Hopper, general secretary of the Durham Miners’ Association said today.

     

    The ex-miner, who turned 70 today, spent all of his working life at Wearmouth Colliery.

     

    He said: “It looks like one of the best birthdays I have ever had.

     

    “There’s no sympathy from me for what she did to our community. She destroyed our community, our villages and our people.

  5. NatKnow - "We welcome the paper-chase..." on

    FAVOURITE UNCLE :

     

     

    I’d claim it as my own but should admit it was passed onto me by a cousin.

     

     

    Genius steals etc…!

  6. Gene's a Bhoy's name on

    Thatcher is as devisive in death as in life as is evident by the posts on here – the Lord will be her judge

  7. As a teenager for most of the eighties I’ve taken a moment to remember the Thatcher I experienced.

     

     

    I remember in the eighties the news every night closing with a graphic of jobs lost in each region in red, followed by jobs created in blue. The red was always far more than the blue.

     

     

    Coming from a mining village I remember all too well the poverty and strife experienced through the miner’s strike. And I remember the same pits deemed unprofitable being purchased by the same Thatcher appointed hatchetman who closed them down.

     

     

    I remember the poll tax riots, and the poll tax refuseniks. And I remember Thatcher’s policy to shift their unpaid bills onto those who are paying in a cynical attempt to turn public opinion against them.

     

     

    I remember the mini-boom in the late eighties that only the city men seemed to experience and lasted only about 2 years, I remember the new term “yuppy” and pictures of men in ill-fitting suits opening bottles of champagne. And I remember how it came magnificently crashing down one Monday in October ’87.

     

     

    Thatcher largely got re-elected by selling off state assets such as council houses and state owned industry, then fooling the working classes into thinking they were the new middle class because they now owned a property or a few shares. Also the fact that Labour took far too long to realise being elected in the eighties and nineties was more about your haircut and your handbag, or whether you could afford to hire Saatchi & Saatchi to run your election campaign, rather than something as trivial as your policies (Michael Foot, what were you thinking?).

     

     

    Whatever period of prosperity people like to think she ‘ushered in’ she certainly didn’t preside over one. She presided over a period of unrest, unhappiness, strife and division. And whether the 90’s were good because of her or in spite of her is highly debatable.

  8. Stringer Bell on

    BBC radio 5 trying to sensitively report many many people are happy thatcher is dead.

     

    The are making a good fist of it.

  9. Thatcher Thatcher the milk snatcher.

     

    Did she show any remorse for the misery she put upon people?

     

     

    The woman was a poison that destroyed mining and manufacturing north the so called Watford gap.

     

     

    Ye I maybe not rejoice but by god I will not shed a tear.

  10. TwoMacaroons on

    OK so she got old, she was lucky. Some people died way before their time because of her policies, directly or indirectly. Millions of people were pushed into poverty, whole communities were put on the dole, their kids turned to heroin as they could see no future.

     

    In the meantime anything worth anything was sold off, the rich got very rich, the greedy got greedier, the F*** you i’m all right jack attitude became the order of the day. She called it FREE Enterprise, FREE my jacksey, we all paid.

     

    No sympathy for the OLD woman.

  11. The Moon Bhoys

     

    17:47 on

     

    8 April, 2013

     

    Stephenpollock – I’m with you mate – I’m not political in any shape or form but quite certain there is nothing to be gained by celebrating the death of an old lady, very un-Celtic like imo.

     

    ——————————————————————————————————————-

     

    To a ex miners son it sure is cause for celebration.

  12. stephenpollock on

    I was brought up (my informative years) in Clydebank during the Thatcher reign and could not wait for her to lose her job I probably suffered more than most for reasons I wish not to go into. I seriously had to work hard to get out of Clydebank and hardship but I refused to let it negatively affect my life or personality. I have not become bitter or twisted.

     

     

    In years of lurking, sometimes commenting on this site, I honestly feel today is a dark day for the site. It has shown me that we have an uncaring, almost inhuman, trait in our support. No matter how it is spun an 87 year old mother/grandmother has died today – that is nothing to celebrate.

     

     

    Moonbhoy //Ianbhoy – thanks for reminding me that the majority of our support are very decent people!

  13. Freddiebhoy

     

    Absolutely some on here either are so young they don’t remember the social carnage that woman was responsible for or they do not know their history.

     

     

    Guid Riddance – 30 years too late.

  14. Compassion for Thatcher? Like the compassion she showed when ordering the Belgrano to be torpedoed? Or when backing the apartheid regime in South Africa and calling Mandela a terrorist? Her support for Pinochet in Chile? When she stood and watched as the hunger strikers died? Her sorrow over the cost of her economic policies to millions?

     

     

    Goodbye Margaret Thatcher</a

  15. Chris McLaughlin ‏@BBCchrismclaug 2m

     

    #SPL say they are still finalising post split fixtures with police so unlikely to announce today. #BBCSport

  16. We can’t feel like many of us do about in any way as many of the English do – they hate her like nothing I know

  17. angelgabriel on

    If Thatcher broke the blog its not all she broke.

     

     

    Thatcher also broke a pensioners foot. Ole Sunny Thomsons foot.

     

     

    Ole Sunny, a legend in his own lifetime, was a wonderful man.

     

    Thatcher broke his foot when she was on the telly.

     

    Sunny came home completely bladdered one night.

     

    Thatcher was pontificating on the late night news.

     

    Ole Sunny booted the the TV screen.

     

     

    Sonny Thomson.RIP.

  18. Thatcher

     

    Deindustrialised Britain

     

    Wasted a fortune from North Sea Oil

     

    Promoted the culture of self and greed that would eventually create the banking crisis

     

    Sold off a nations assets for no discernible gain

     

    Went to war to save her own political career

     

    Ordered the sinking a decrepit WW2 heavy cruiser by a state of the art submarine

     

    Ordered the deaths of dozens of Republicans through a shoot to kill policy

     

    Paradoxically during WW2 when the nation faced a real threat and was being led by Winston Churchill MHT spurned the call to arms or service and took herself off to Cambridge since so many men were away they were taking women

     

    Basically a lower middle class oink who was never fully accepted by the grandees at the top of the Tory party who no doubt never forgave for stabbing good old Willie Whitelaw in the back !

     

    The world is not diminished by her passing

     

     

     

    HH

  19. Indeed Stephen Pollock how could I forget her “we are a grandmother” announcement.

     

     

    Tramp the Dirt Down!!!!!

     

     

    I would have preferred her death along the same lines as Mussolini’s but yeh cannae have yer cake and eat it!

  20. leftclicktic on

    Murray, Green and Spivs are a direct product of Thatcher.

     

    Where is the fixtures from the shambles that is Hampdump

  21. The Moon Bhoys

     

    17:47 on 8 April, 2013

     

     

    What has Celtic and Celtic-likeness got to do with her passing? Completely irrelevant. My love of Celtic has absolutely sod all to do with my hatred for the witch Thatcher.

     

     

    Does the mere fact so many are gladdened by the news tell you nothing of her? She screwed entire communities are wrecked the lives of hundreds of thousands, if not millions, of hard-working ordinary people becuase of her ideals. Maybe if you and/or yours had suffered at her hands you would understand just why she was so hated.

     

     

    Only God can judge her now, but every man who suffered at her hands may give evidence in the case for the prosecution. F*** her.

  22. doc is neil lennon

     

     

    17:42 on

     

    8 April, 2013

     

    …………..

     

    For the sake of probity is it!

     

     

    Whit happened tae aw the millions ye pledged for the Sevco fighting funds ✊

     

    V

  23. She hung around long enough to see the NHS abolished. Probably wanted to make sure the job she started got completed.

  24. Adolf was an old man of 56 when he shot himself

     

    Stalin was 63 when he died. Pol Pot a year younger.

     

     

    Thatcher was not quite of that orbit as she paid a bit more lip service to the concept of voting, an easy thing to do when you have the media sown up, but, even the hand wringers, might consider if there is not a line that can be crossed whereby it is appropriate to be glad tosee an evil one depart.

     

     

    To sit and listen, in respectful silence, to the elite eulogising over how she won a Class War, is not an option that will earn you plaudits. Instead, your silence will be conscripted into being seen as approval, in the same way as stephenpollock did with our founders.

     

     

    There is not a balanced view out there in medialand tonight. Just a succession of pro-Thatcher voices. But I an comforted with the thought of many houses repeatedly playing Elvis Costello tonight.

  25. It is going to be nauseating listening to people who should know better praising her (apart from Blair, of course, who genuinely does think she was great).

     

     

    The fact that she was an old woman of 87 is irrelevant. What she did to this country and the people in it is. At what age does all of that get forgiven or forgotten?

     

     

    Anyone who is embarrassed by people expressing their truly held opinions about her should aim to get used to it. There are no ill comments here and no ill considered ones either

  26. It’s wrong to speak ill of the dead but the only shame is that she couldn’t have hung on until July or August 2014.

     

     

    Unionists now have 17 months to sweep Thatcher under the carpet and let the worms and the rats do their handy-work.

     

     

    Hope the Tory/Labour tributes last at least the next two to three months, that way then people might remember the damage done by someone who you never voted for or who gave two seconds thought for almost an entire country’s view.

     

     

    Someone who destroyed people’s lives as much as she destroyed a country, a person who set the wheels in motion for the huge pensions deficit and the enormous incapacity benefit welfare bill.

     

     

    A person who spent trillions of pounds of money locked away in state enterprises only for it to be wasted on the wealthy.

     

     

    It’s fun to see pro-union Scots slate Thatcher, then defend her right to govern without consent.

     

     

    To the pro-unionists

     

     

    She was everything your votes condoned.

     

     

    Thatcher out!

     

    Britain out!

  1. Pages:
  2. 1
  3. ...
  4. 5
  5. 6
  6. 7
  7. 8
  8. 9
  9. 10
  10. 11
  11. ...
  12. 27