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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can i have raspberry on that champions league ice cream
15:01 on
19 April, 2013
I read that just after I sent HT a text!
No happy!
:-)
tim tanium
14:33 on
19 April, 2013
They’ll need to get past Agent Whyte first…..LLLLLLLLOOOOOOOOLLLLLLLL
Is Chuck taking his wee **** friend with him?
ziggydoc1
I don’t think we’ll get the trophy on Sunday, last game of the season, someone posted that on here yesterday, so obviously cast iron info!
ziggydoc1
It will not happen on Sunday.
LB
ziggydoc1
15:17 on
19 April, 2013
Think it’ll be the St Johnstone game on May 11th. Last home game.
So, “Chucky Ha, ha” walks away.
I’m off outwith for a good “chuckle”.
BMCUWP Haweii? where’s that? :O)
Mind you do you think that Jabba has earned his money today, given that the MSM will fawn all over them and try to ignore us winning the league again?
ziggydoc1
Probably St J at home 11th May
Mort
Excellent hypothesis. And perfectly feasible. I’m not sure if this “sting” was planned or if clever guys manouvered it’s evolvement to suit themselves. Will we ever know?
Deadbear media has melted. Maybe they should approach Paul about acquiring his old servers. Could they afford them? Probably not:-)
Going by Pauls “cease and desist” blog yesterday shouldn’t there be a locksmith on his way round to the victorian toilet any time now.
And the sun is shining brightly as well, what a cracking day.
Didn’t green have an option to cash in his shares if he is moved aside? With the CW issue in mind, he would surely exercise this option if he thought CW had a strong case.
At their current rate of evolutionary progress in a million years they’ll have achieved the status of ‘shambles’.
Chuckles was right you know they would never play in the SPL under his stewardship
Some great quotes from Charles Green:
“In our current financial year, which ends on June 30, we will have had two seasons’ season tickets, because next year’s season tickets will go on sale in May.”
“By the end of June we’ll have collected, so I’ll have another pile of cash before this (financial) year ends.”
“Rangers is in such a fantastically strong position without the IPO (stock market launch).”
“I am Rangers. I’m running that club, I’m making the decisions and I’m going to protect that club with my life. No one’s ever going to abuse it.”
“I’ve started to catch Rangers-itis. What I do see now is an opportunity to finish it and take it back to greatness.”
“I won’t leave before Champions League music’s playing at Ibrox. But I’ve already changed my mind once, so it may be I end up changing my mind until we win it (the Champions League).”
“The club has got cash, it’s still got no debts. In terms of the monthly requirements for cash, we can’t run out of money.”
Mort
FJIW
i doubt it was conceived before hand, it has just happened that way. I just made it up based on what i would do if I had the money to destroy Rangers.
Working so far :-)
Mort
Doorman a ibroke…NEXT! For shaving.
Meanwhile over on AngerMedia…..
“on the plus side we have Ally and Walter to keep the excitement flowing on the park”
Another scoop peeps?
We welcome the chaos.
YYYYYYYYEEEEEEEESSSSSSSSSS…..AGAIN……WHERE ARE MA FECKIN’ SEDATIVES
SonsOfErin
If it were me, I’d be selling them today. Even at 40p a share, thats a cool £3.2m for nothing. Easy money, plus as a shareholder of Sevco5088 he can join Craig Whyte’s claim to the assets of RIFC Plc and still end up owning Ibrox et al.
Mort
You can be sure the Laptop Loyal will say Myth was the man behind Challs leaving,he is going to want a wedge to go.Some of this might be traded downwards to bury some criminal activity..
Presume Mr Hoops is witing in the wings to be their next chief exec
Who will be the next vicTIM to drink the poison from the Toxic cursed Loving Cup?
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
Thanks Mate naw she’s in Hamilton, home of our own HT..
A Ceiler Gonof Rust
15:22 on 19 April, 2013
“Deadbear media has melted. Maybe they should approach Paul about acquiring his old servers. Could they afford them? Probably not:-) ”
It doesn’t matter if they can afford them since they don’t pay any of their debts anyway.
I must ask BillyNoWell to do the Katie Melua song – 10 million rangers shares in the bin
First up guys, thank you to everyone who has sent a message of support, encouragement or congratulations, and, especially, bought one of my books. Enormous respect and love to you all for that, and for everything over the last couple of years.
Neither book would have been published without this site. I can say that with wholehearted sincerity. We all know lives have been changed by this website, by this community, by this wee extended family, and I know it as well as anyone.
Mine has been one of them. So, when I say thank you I mean it.
(Particular thanks to Paul and Dave. Without the support and encouragement i got from you two, without the last two years, especially, this would never have happened. I will never be anything but grateful to you both.)
As crazy as the last 12 months have been for all of us, why do I get the feeling that today’s news makes the next 12 months loom even larger, as potentially the most important in the history of the Scottish game?
The disastrous events which have obliterated Sevconia might have surprised some, but they came as no surprise to us. Nothing we’ve talked about, speculated about, written about or commented on has failed to come to pass.
Now we’re bracing ourselves for the next shockwaves.
The resignation of Green is a landmark moment. It is a calamity without precedent. It will precipitate a share price plunge like dropping an anvil from a high rise window. You have to think he’s gone now because he knows something worse is coming.
In front of Sevco is darkness, and more darkness, darkness so deep there is no clear way out. Financially, they are in a shambles. Morale wise, they are in free-fall. There might be a mood of celebration in some parts of Ibrox this afternoon, but all people there can do right now is paper over the cracks.
When walls start to come down, there will be no papering over that.
Everything is proceeding just as we’ve forseen …. (he laughs evilly).
I cannot wait for the next installment ….
Auldheid:
Thanks fella! You are continuing your own non-stop work too I see!
Where do you see the Association going now? How in the Hell does this end without heads rolling across the pitch at Hampden?
There are a number of questions I’ve been meaning to ask you:
1) Doesn’t Sevco’s failure to have a physio mean they are in breach of license requirements?
2) Doesn’t the ongoing ownership issues over Ibrox breach licensing guidelines?
3) When do they need to submit audited accounts for their SFA license, and does their failure to submit accounts already not extend their European football exclusion for a further 12 months?
4) Can clubs go to UEFA if they feel the domestic association is ignoring, or failing to act, in potentially damaging situations?
Those are just a few of the issues that need to be cleared up … this is a black hole, sucking in everything. And amazingly, the club at the centre of all this destruction is still being talked about as one the game needs, and one the media and others are agitating to have fast-tracked back into the SPL ….
I like to think I have a (warped) good imagination … but I could not have made this up!
Brian Stockbridge and craig and chucks other pals (who was the one that was looking at St Mirrens books last season for Whyte) are about to make an appearance soon (IMHO)
Keevins and Guidi “lets get this bunch of lying,cheating crooks AKA The Rankers,back in the SPL”.Why?
I don’t have the heart to tell him, lol
Any fans of the Simpsons may have the image of the guy who built a Monorail for Springfield in their mind regarding Mr Green today. Guy exiting the scene with two suitcases overflowing with cash.
He has travelled the world and duped many a fool.
LB
where does that leave Gilmore and his promises from chucklea
Mike Farrell @mikefstv 7m Former Rangers owner Craig Whyte says he is ‘not surprised’ at imminent departure of chief Charles Green http://bit.ly/11K1QFp
charles kickham
Say place as the rest of us when we been let down on a promise standing with our ***** in our hands!!!
Haha Stewart ya diddy..
Token Tim
Zadok the Priest @ Ibrox. Surely re-named Zadok the Minister if not totally on the banned list?
This is so farcical. I was just saying on another list there, the “peeple” must have been duped again! Oh, and Fat Ally, and Walter, The Scottish media,and the SFA. They wuz all duped! What a bunch of Super Dupees they are! Another contender for suitable song ?
http://www.youtube.com/watch?v=0YCXJcoCBGI
Marti