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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Can I suggest that, if the SFA in what passes for their wisdom calls for a minute’s silence n Sunday, that we do what was done against Dundee Und in the Final that she attended: show the red card.
Chalis just saying ” No Surrender” to the Ibrox fans on RC
What else does this guy have to do?
Chalis just saying ” No Surrender” to the Ibrox fans on RC
What else does this guy have to do?
Its like a morgue on here
Seems ole Maggie is taking her revenge on the CQN server from beyond the grave.
SOAL
Think it’s down to scrolling past Challs ugly coupon at the top of the thread that’s killed off the blog today:o)
Thought I might have bumped into you at the Meat Loaf gig last night. Ha ha.
I’m hearing Maggie has already closed 3 furnaces in hell and is starting to stockpile the coal in preparation for the inevitable battle with old nick!! Prepare yourself for a further zombie infestation….
http://m.youtube.com/watch?v=PHQLQ1Rc_Js
No tears shed here -only good memory of her was the reception she received that warm day in May from thousands of Celtic and DUFC fans
Just in after a day in Babbity’s where I heard of you-know-who and her passing in Central Station to a cheer from all around. Totally off topic, it seems, but who is the guy next to Chuckles in the picture at the bottom of Paul’s leader? Sorry if already asked – haven’t read back fully.
I would like to record the fact that I was not upset to learn of thatchers death. I despise few, she has been top of that particulare list for a few decades. I have no wish for her to rest in peace.
EDB
Is he stilll making a living out of one album
Is it wrong to feel like congratulating the DR on their articles – it looks like journalism – years behind Paul and philmac etc.
Breaking news!
Charles Green has bought Margaret Thatcher’s bag, coat, and shoes. He is now claiming to be an ex Prime Minister.
SOAL
You’d need to ask someone more qualified to answer.
Was defo a huge change from Take That!
I have never forgiven St Mirren for their half-time broadcastrant, asking their fans to ignore the Celtic fans singing, when they had NEVER raised ANY concerns about the oldco hoardes…..
They have obviously entered a pact with the Devil Greengo, and any Celtic supporter who EVER enters their stadium again, is not IMHO a trrue Celtic supporter …… Their Board has disgraced the good name of St Mirren FC and they have shamed Scottish Football….
Parkhead
I’d doubt even the SFA would be foolish enough to consider that but if they do can I suggest they also invite the Guinness book of records to witness the noisiest minutes silence ever recorded.
vmhan
They can sing for it!
Emereald 20:18
I believe the guy next to Challs is Steve Stone who is some kind of assistant to that ignoramus Pardew at Newcastle.
As an aside to the big story of the day – anyone any idea why Thatcher has been holed up in the Ritz since Christmas?
Has she had to give her big hoose up because of the bedroom tax?
Rot in hell thatcher ….
This champagnes lovely btw
Leftclick, Miss Doc is fine today, thanks, back in the good books:-)
KEN LOACH ‘Let’s privatise her funeral. Put it out to competitive tender & accept cheapest bid. It’s what she would have wanted.’
Has Thatcher sent in troops dressed as cops from hell to shut down CQN?
Giggs handball defo…
To me, the most despicable act she did, was to put essential services like electricity, water and, to a point, gas into private operators. We cannot live without these services, so the operators can charge what they like. How many people, old and young, have passed on because they could not afford to heat their premises. Someone owning our drinking water is a travesty. Imho.
Weefra HH
I never speakill of the dead ……so, best not to comment…
To Kojo, Macjay, Philvis et al, condolences on your loss.
To the rest of CQN and the broader Celtic family, enjoy your jelly and ice-cream this evening, the milk snatcher, pit closer, republican killing, union bashing scourge of the poor is gone!!!!
Please tell me greengo did not play the no surrender orange card!
weefrathetim
20:28 on 8 April, 2013
…..and people have died because of that policy …… The private utility providers should be ashamed of themselves….
A former Celtic player has defended Charles Green against allegations of racism.
“People have been calling me Packie for years and it doesn’t bother me at all” said Mr Bonner.
Let her rot in HELL. It’s no more than she deserves.
Weefra HH
My daughter and her freinds are away to Georges square .
Don’t know were she gets it from?
Why is Roy hodson at a game between the top 2 in england – he must be checking the opposition for their next international
Che, I would love for them to try for a minutes silence.
It would be deafening. Celtic v Dundee Utd again too, how apt.
Don’t forget the destruction of council housing as we knew it by selling off the best of stock into private hands.
67heaven
It is terrible to say this, as my ole mum is 93, but the world would have been a safer place if she had topped it at 40. And many more people would still be alive.
Weefra HH
Was just thinking….. The bhuns deserve greengo……
Any bets on the first post split fixture being a Wednesday night at tannadice to try to prevent us having a party?
Street parties in Glasgow, Derry, Liverpool and Brixton so far tonight celebrating the end of who we always referred to as Hitler and Stalin’s love child.