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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The synopsis for the film Mr Deeds on imdb.com – it’s almost right:
“A sweet-natured, small-town guy inherits a controlling stake in a media conglomerate and begins to do business his way.”
O.G.Rafferty
:)) Thank you
moremiserytocomeforthemcsc.
From chaos fc media(RM)
“we will only know if its a crisis or not once the reasons become clear”.
They are in turmoil over at Chaos fc
Green exits, stage left, pursued by ra bears!
As with the above, I believe he was but an actor whose lines have now been read.
The play continues…..
Alex O’Henley@OHenleyAlex7m
And somewhere in Monaco a “google eyed” former billionaire is stroking his white cat!
Loving it!
Green and Whyte – Hun Skelpers extraordinaire you really couldn’t make it up,
LOL – please no more my sides are hurting
“Which shell now holds the pea…………..?”
:)
Sevco media has crashed obviously their not equipped with new servers…
JohnnyClash
Brilliant.
I hope they had something high-viz on, and helmets.
How often will this be dressed up as a good move by the media?
Charles walked away for the good of The Rangers.
The word Dignity will be used a lot this weekend.
Press duped again!
LB
Over at Chaos fc ” Whit b&%”*&^” leaked it to bbc
priorites :))
Chuck famously said that he wouldn’t be leaving Ibrox until the theme music for the Champion’s League had been heard.
Do you think he got confused between Zadok the Priest and the Mr Whippy ice cream van that circles the stadium????
“We don’t do walking away” lalalala
omg charlie has left before the audited accounts are published
no champions league music as he walks away
only the sound of tears from the deady bears
no body knew a thing
while over the river
the tears of laughter
stupid stupid zombies
jam67
Chuck did not too bad, but not quite hero status of whyte.
He fleeced the gullible for their cash pocketing over £1m to date incl a bonus for sfl3, owns 8% of something and ingratiated himself to the local community esp hyndland waitresses.
It’s great our hero is back in play. What say you Campbell??
‘fishally he’s just surrendered his tie of course……………..but he still holds the rights to the memory of the tie and everything the tie stands for……………………..in fact there is as we speak an incubator with a proud tie being wheeled out of the Magnificent Facade………
The Show Goes On!
…………..
And in the summer when the clouds show through
I might go the same way too if
You and I could talk together
Well what am I supposed to do with
You and I would walk together
Then with always close around and
Now you gaze toward the doorway
When the weather comes falling down
And when the rain comes down
Would you choose to walk or stay
Would you choose to walk
Would you choose to stay
Would you
Walk walk walk walk walk away
(away) (away) away away (away) away
away away walk away
Would you choose to walk away
Ole Charlatan may need more than the Sisters Of Mercy in his current predicament…
Meantime,Longmuir has in his hand a piece of paper signed by Mr……
Boy,he is screwed.
lol!
Challs’s legacy will live on and on in the hearts of those brave Sevconians and today the 19th of April will be forever remembered as WTF happened day!!
Wonder how their share price will do between now and close of business today.
leftclicktic
An afternoon coffee never tasted so good!!!
alex thomson @alextomo 6m
Craig Whyte says he is “not surprised” at C Green relinquishing his role.
Some thought on Charlies Surrender from Deadcomedia site
gerbilly, on 19 April 2013 – 01:12 PM, said:
Maybe we will get some who can open his mouth only when
needed and wont lie to the fans like he constantly did.
Ozblue, on 19 April 2013 – 01:22 PM, said:
constantly lie?????? expand if you can.
gerbilly, on 19 April 2013 – 01:27 PM, said:
players from euro championships
American Football Team
Man Utd
10 million for players
never mind his gaffs slagging off Villa for some reason, and his racist language. The man has been a fool and has worst of all lied about his involvement with Whyte.
We need a proper CEO to run the club who thinks before he speaks.
Bertent, on 19 April 2013 – 01:29 PM, said:
What the f**k would a retard like you know about the skill sets required by a CEO?
However If he is going dont we have to announce it to the Stock Exchange 1st
gerbilly, on 19 April 2013 – 01:30 PM, said:
Dont like hearing a different opinion do you?
Pleasant chap aren’t you!
The man put his head in a noose with his lies about Whyte and his racist language. Nobody made him do this it was his decision.
This board seems to be the refuge for the last group of rangers fans who believed in David Murray, then Craig Whyte and now Green.
Maybe now we will get someone who actually cares about the club in charge rather than money.
Bertent, on 19 April 2013 – 01:33 PM, said:
As I said you know nothing about business. But going by your comment It appears you are more at home on the other board where the resident loonies reside.
In summary gerbilly knows nothing about business but he knows a shyster when he sees one
Oh Happy days
Chuck chucks it……….what next ??
I thought since the Racist comments he made, that he was wanting a way out, he knew the CW stuff was coming and seems like he was trying everything to get out and that was the lowest he could go and still the MSM took days before they created a storm.
Hamiltontim
14:47 on 19 April, 2013
Chuck famously said that he wouldn’t be leaving Ibrox until the theme music for the Champion’s League had been heard.
i don’t think Scottish Div 3 champs go straight to the group stage.
What did you get promised Mr Gilmour (alledgedly)?
VOGUEPUNTER
As long as you can make it I don’t care who is in charge of the kitty
And after a few jars,no-one will remember anyway
Just be careful of anyone wi the good trainers and running shorts!
Johnny Clash /C1st- April 19th is ‘Bicycle Day’, the anniversary of the first LSD experiments by Albert Hoffmann.
Certainly it would take a chemist of genius to come up with a psychedelic drug strong enough to make sense of events on Planet Scrofula.
alex thomson @alextomo 1m 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.
My phone seems to be going the way of the huns and for some unknown reason has deleted many of my contacts.
If any CQNers read this and I should have your numbers would you be so good as to send me a text with your name contained within so that I can add you again.
Many thanks.
And now, the end is here
And so I face the final curtain
My friend, I’ll say it clear
I’ll state my case, of which I’m certain
I’ve lived a life that’s full
I traveled each and ev’ry highway
And more, much more than this, I did it my way
Go on Chas we all loved you ha ha
There’s delusional and there’s huns.
=========================
Has anybody ever performed the way he has? Has anybody defended the club like he did? Has anybody secured investment and revenue as much as he did? Is anybody ever likely to?
I’m very disappointed in this and sincerely hope it isn’t true. These allegations against him are absolutely ludicrous. Craig Whyte isn’t involved at any level and never has been, it’s clear as day to see.
The media, the SPL, the SFA, Celtic and Dundee United will be f******g deleted along with Malcolm Murray going by reports, Paul Murray going by speculation and anybody else. Rangers supporters? Aye right. Absolute f*****g joke.
Longmuir will have his CV at Poundland by now
It’s ma wee Mammy’s birthday the day, 84 years young, Happy Birthday Mum…
Charles Green to quit as Rangers chief exec
Published on 19 April 2013
Rangers chief executive Charles Green has told the board he is standing down as chief executive but will remain as the club’s single largest shareholder. The resignation has not yet been publicly confirmed and it it understood that paperwork would need to be completed before the Stock Exchange can be formally told. Green is currently abroad. Today’s shock news comes after the club announced last Saturday that it would commission an independent investigation into Green and Imran Ahmad’s management of the club and recent allegations in the media. Green has come under intense recent scrutiny over the extent of former Rangers owner Craig Whyte’s involvement when his group took control at Ibrox last year. The Rangers chief executive also apologised to his fellow directors at a board meeting over the interview which saw him receive a Scottish Football Association charge accusing him of using “racist and offensive language”. The club released a statement midway through last Saturday’s game against Clyde, which read: “The board has announced today it is to commission an independent examination and report in view of recent allegations in the media concerning the chief executive, Charles Green, the commercial director, Imran Ahmad, and their management of the club. “The decision to commission the examination was taken unanimously by those in attendance at today’s meeting including non-executive and executive directors. “The independent report will be commissioned and completed as speedily as possible and presented directly to the non-executive directors of the company. “The chief executive will not be involved in the conduct of the examination. “The board wishes to make clear that is not prejudging any of the issues involved and that the object of this exercise is to clarify the situation to the satisfaction of shareholders, supporters, staff and board members. “Instructions recently given to lawyers in England and Scotland with a view to taking legal action to challenge these recent allegations will form part of the independent examination.” Green has been forced on to the defensive in recent weeks following allegations by Whyte, which were accompanied by taped recordings between himself and both the Rangers chief executive and Ahmad. Whyte claimed he was behind the new company which bought the assets and business of the club when they were consigned to liquidation following his failure to pay tax. Green then denied he had ever been Whyte’s “front man” and claimed he and Ahmad had told him what he wanted to hear because they needed his co-operation to acquire shares if the club had secured a Company Voluntary Arrangement. Green has cast doubt on the validity of documents which appeared to show he had signed off the appointment of Whyte and his associate Aidan Early as directors of Sevco 5088. That was the company which bought the assets of Rangers for £5.5million in June last year, but they were transferred to a separate company, Sevco Scotland, days later. Whyte, who received a life ban from the SFA, alleges this was illegal and has threatened coqurt action against Green. Green released a statement which read: “These docuqments are not correct or valid and he did not sign Craig Whyte or his associate on as directors of Sevco 5088. “Mr Green was the sole director of Sevco 5088 until he resigned and became the founder director of Sevco Scotland, formed by Scottish solicitors.” The statement added: “Furthermore, it should strike people as deeply suspicious that these documents are being filed today 11 months after they were supposedly signed and on other documents Mr Green’s home address has been mysteriously changed without his knowledge. “Furthermore, notice was filed publicly in January this year by Field Fisher Waterhouse and is on record at Companies House company seeking to strike off the company, yet four month later directors appointments are now being supposedly filed. “As stated previously these matters are now in the hands of lawyers who are preparing a file to be sent to Police Scotland and Mr Green cannot comment further on the details of that process.” Rangers also revealed last week that Green had “apologised unreservedly to board members and the wider Rangers support for any offence caused by remarks he made in an interview last week regarding Imran Ahmad”. Green had revealed in a newspaper interview that he regularly greeted Ahmad as his “Paki friend” before dismissing criticism from Show Racism the Red Card as a “knee-jerk reaction” and stressing he deplored racism. He apologised days later after being issued with an SFA notice of complaint. Saturday’s Rangers statement added: “Mr Green told the board that in trying to make a point in the interview that, as chief executive, he would not countenance any form of prejudice towards employees or players at the club, he had exercised poor judgement in the words he chose. He apologised. “The board accepted the explanation that there had been no intention to cause offence and accepted the chief executive’s apology. “The board is satisfied that the chief executive did not act in a racist manner but reminded him of the importance of all office bearers at Rangers upholding the standards expected by the club. “Mr Green will deal with the pending SFA charge on this matter on a personal basis. “The board wishes to re-iterate Rangers is a club which is opposed to all forms of prejudice and has a long-established policy of working extensively in the community through a variety of programmes and initiatives to tackle issues such as financial fair play racism and sectarianism.”
istanbulcelt
14:53 on
19 April, 2013
We know that but did Chuckie? :-)
……..”……………Ah’ve heard the allegations pit afore me, an’ ah know who aw they allegators ur, by the way!”