BBC report that Newco Rangers chief executive and major shareholder, Charles Green, has indicated to his board that he will resign. Two weeks ago the last owner of Oldco Rangers revealed that he was also a director of Sevco 5088 Ltd, the company who had an irrevocable agreement to buy the assets of Rangers from administrators Duff and Phelps.
The entitlement of Sevco 5088 was subsequently assumed by Sevco Scotland Ltd (now Rangers Football Club Ltd, a subsidiary of Rangers International FC PLC). Sevco 5088, which Green remains a director of, is now owned by Worthington Group PLC and has started legal proceedings against Rangers Football Club Ltd, claiming ownership of their assets, including Ibrox, Murray Park and all intellectual property.
Green initially rebuffed Whyte’s claims, insisting they were invalid, but his decision to surrender and.… walk away, is sure to add to speculation to what is coming next. Boom!
Reporters are desperately trying to find out when Zadok the Priest was heard at Ibrox Stadium, releasing Green from one of his hilarious commitments.
NEW SERVERS ARE LIVE AND READY TO ROLL
The current CQN server was commissioned in June 2011. When we approached the annual renewal time last year, like a lot of the media companies mentioned above, I thought, with no Rangers, interest will fade, there’s no point increasing infrastructure.
The traffic peak we endured in May 2012, when the server played its part in some major issues, hasn’t been matched since, but server resources continue to be stressed. Last week I bought three new servers (we now have three physical and one virtual) and shortly after full time at Tannadice tonight, our man Andrew in Belfast will bring the system down and start the migration process. We will be offline for a few hours.
After we’re back your existing user accounts will remain active. The domain name (celticquicknews.co.uk) will point to a new server (IP) address but it can take hours (or days) for each internet service provider to update their records. As a result, celticquicknews.co.uk might not find the new server immediately.
Once we are live I will let you know the server IP address (a series of numbers you can type into your address bar), which will enable you to get onto CQN before your ISP has updated their records. Check Twitter (twitter.com/cqn) or Facebook (CQN-Magazine) for the address.
Let’s hope it goes smoothly…….
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James Forrest,
While your are on I’d just like to let you know that I thoroughly enjoyed both your books. Just finished Believers a couple of days ago and would recommend them to fellow CQNers (and anybody else!).
MJM
So was Lennys punishment a last throw of the dice for the SFAs present incumbments ?
Did Chuck already quit at the meeting on Sunday ?
If so does this explain why Craig Whyte issues the statement this week through the stock exchange ? A statement that could have been made anytime in the last 11 months
The MSM take already is that he made this decision by himself today. Reflective Chuck ???
It betrays how well coordinated it all is on both sides.
Everyone in on it.
We will soon see what Moonbeams real price for the hun was.
HH
DBBIA
Mike Denness has died, aged 72
Strange how that statement to the stock exchange is all about “the club”. Anyone would think that the club and the company are the same thing.
Just read some comments below the Phil article….
Is this why Brown wanted Green to “show ‘s the Deeds”?
Whose name is on the Ibrox Title Deeds?
Craigy’s Sevco?
Managed to get online from very sunny vinaros….the weekend we win the league at the same time the MBB ko’s Chuckles with a smart phone and smart moves….home next week for more jelly and ice cream….
alex thomson @alextomo 3h
I can’t say more but it’s clear the Whyte camp believes it owns Murray Park and Ibrox and intends making good on that claim.
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The Daily Ranger @DailyRangerRFC 47m
@alextomo What ever happened to that winding up order? #OhThatsRightItWasNonsense
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alex thomson @alextomo 23m
@DailyRangerRFC funny you should mention that. Watch this space.
And if Brown had an idea, shurely Ali and Walter had / have too?
Picture the scene……..
……….the action opens in front of the Magnificent Facade –
A balding red-faced, red -handed, red haired man is haranguing the assembled hordes about
“paperwork”……..
….. when bowling down the marble staircase comes Broxi dressed in an oversize Doormans outfit, looking like one of the Banana Splits – but not in a good way……
Immediately the pair go at each other with berr-like ferocity…………..
……the scene ends with Broxi’s ‘decapitation’ – revealing ‘comic’ -Andy Cameron, thankfully lost for words.
Just went into the freezer, checking the supplies for the celebrations we have coming.
The weans have eaten the ice cream, thank the wee man they didn’t touch the Whiskey, or wine, or beer!
tomtheleedstim, 17:26
They really need to be careful what they ask for
Paulus LXVII Salve salve, benedicamus te;-
I’ve just worked it out, their five stars, it’s one fo8r every time they go bust.
Greenwells.
Ad applausium
Very careful
Has anyone on here ever strenuously denied anything?
Any time I have ever heard or read the word “strenuously” with “denied” after it, it usually means as guilty as sin.
justsayinglikecsc
Charles Green has told Rangers’ board he intends to leave his chief executive role “with immediate effect”.
Green became chief executive after leading a consortium that purchased the assets of the liquidated Rangers Football Club plc.
He is now the subject of an independent investigation, commissioned by the club’s board, following allegations of covert dealings with former Rangers owner Craig Whyte.
Green says it’s “appropriate” to leave.
A club spokesman told the London Stock Exchange: “Recent weeks have seen media interest in the circumstances surrounding the period prior to the acquisition of the club by the consortium led by Mr Green.
“Whilst Mr Green strenuously denies any wrongdoing, he has recognised that this negative publicity is a distraction and is detracting from the achievements and reputation of the club.
“As a result, Mr Green has informed the board that he will leave his post with immediate effect and leave the company, following an orderly handover, by the end of May.
“The board has commenced the search for a new chief executive and expects the role to attract high quality candidates”
Rangers spokesman
The board has commenced the search for a new chief executive and expects the role to attract high quality candidates from both within and outwith the industry. A further announcement will be made in due course.”
Englishman Green is the club’s single biggest shareholder with just under 8%.
After an unsuccessful attempt to save Rangers FC plc from liquidation, he completed the asset purchase in June.
Green had hoped to take over the Scottish Premier League place previously held by the Ibrox club but that request was rejected by the top flight’s members.
Rangers under the stewardship of Green’s consortium were subsequently placed in Scottish Division Three for this season and were confirmed as the bottom tier’s winners in late March.
However, in April, Whyte threatened legal action to prove he still has ownership over Rangers’ assets and released audio recordings of conversations he had with Green and Rangers commercial director Imran Ahmad.
Non-executive directors then commissioned an investigation into the matter and the Scottish Football Association is also conducting an investigation of its own.
“Recent events have undoubtedly been a distraction for both myself and all involved with Rangers,” Green explained in a statement.
“I am very proud to have been associated with a club of the stature of Rangers and am proud of the achievements of the club during my tenure as chief executive.
“My thanks go to the Rangers fans, whose support has been tremendous during my time at the club.”
Rangers chairman Malcolm Murray said “Green was instrumental in helping to secure financial stability for the club”.
Baku/Black Isle Celt:
Thank you very much mate. Much, much appreciated!
tomtheleedstim:
Mr Thomson has obviously been chatting to Whyte today … extremely interesting!
Was It orlit that threateaned to put a winding up order on them?
They better hurry before there is nothing less.
Ps Awe Naw
yes Murrays part will be revealed in full shortly(IMHO)
Through the words of his dog Jabba first
“Financial stability of the club” not the company -but last time it was the company that went bust not the club.
Make your mind up
Aye Greens role is now over. Bet he is enjoying the fine french wine and succulent lamb. A nice little earner
HH
Next Rangers C.E
I am baggsing Aiden Earley he ticks all the right boxes. He supported Rangers all his life…….
HH
Paul67,
Any chance of delaying the server changeover? This is just soooooooooooo much fun!
Andrew in Belfast, can ye no take a sickie :))
OldserversarethebestCSC
James Forrest is Neil Lennon! We are ALL Neil Lennon!
I think AT has had the ear of CW for a while now:))
Not so stupid is Craig boy
no point in talking to anyone that would just do what Murray told them.
Better a jouro who is not eating scraps off the table.
With Whyte owning Ayebroke and Minty Park, how does the
SFA square that with their banning order.
Awe_Naw_No_Annoni_Oan_Anaw_Noo
Aiden Earley
from banstead fc to bampots fc
The server should be like changing manager.
SeamlesshandoverCSC
A bit like the hun swaperooni …naybdae noticed ;-)
HH
estorilbhoy
17:38 on
19 April, 2013
Paul67,
Any chance of delaying the server changeover? This is just soooooooooooo much fun!
Andrew in Belfast, can ye no take a sickie :))
OldserversarethebestCSC
EXACTLY what I was thinking! Too much fun to be had this evening for a stoopid server migration!
Yeah, boycott the server changeover!
I bet Gilmour feels a right nugget. lol!
thetimrieper
He will just get one of his partners in crime ooooops business associates to become a director ,
and Campbell fae the ludge will say” okay dokey yer in”
Keep your eye on Ogilvie his work is not done yet!!!!!!!!!!!!!!
thetimrieper, 17:39
Indeed. And that’s only the half of it too
Can Green sell his penny shares now?
What was it chuck tell Bomber?
I have info that would reduce this place to dust ??????
Tick, tock …
ASonOfDan
17:00 on
19 April, 2013
What is it about these huns and France?
Sir Minty had a vineyard, Bain bought property there, Craigy bhoy in Monte Carlo and now Chuckles is hiding there.
———
Maybe they’re planning an invasion.
1939CSC
Headtheball
17:42 on
19 April, 2013
Yeah, boycott the server changeover!
http://www.youtube.com/watch?v=gT9xuXQjxMM
Celtic Underground @celticrumours 12m Green can sell his shares now. Locked in restriction on share sales ceases. He’s out with the cash.
Till later
Meeting time :))
leftclicktic, 17:47
Maybe he’s getting out while he still can…
“THE BIG HOOSE MIGHT NO STAY OPEN”