Oops, we forgot about Sevco 5088

930

We are all familiar with brinksmanship; adopting what seems like an uncompromising position despite acute potential consequences.  Correspondence recently released around the goings-on at Rangers International and associated companies suggests at least two combative parties have been edging towards the brink since last year.  Now it is clear they are both well over the brink, it’s too late for either to back down.

The conclusion of Pinsent Masons’ report was released to the stock market this morning and found “no evidence that Craig Whyte had any involvement with Sevco Scotland Limited (now called The Rangers Football Club Limited), the company which ultimately acquired the business and assets of The Rangers Football Club P.L.C. from its administrators; nor which would suggest that Craig Whyte invested in The Rangers Football Club Limited or Rangers International Football Club plc”.

All of which, sharp-eyed observers will note, is exactly what Mr Whyte is so animated about.

Let me run through that list of companies which Mr Whyte was not involved with again:

Sevco Scotland Ltd: check
AKA The Rangers Football Club Ltd: check
Rangers International Football Club PLC: check
Sevco 5088 Ltd: wait a minute, they missed out Sevco 5088 Ltd!!

This is where the project resembles trying to push water uphill:

Rangers International plc claim Sevco 5088 Ltd is a subsidiary of theirs.

Mr Whyte claims to be a director and beneficiary of Sevco 5088 Ltd.

Pinsent Masons’ report’s published conclusion fails to comment on Mr Whyte’s status in connection with Rangers International’s claimed subsidiary company, Sevco 5088 Ltd.

The SFA prohibited the new associate member club from having any connection with Mr Whyte.  Last week the SFA chief executive acknowledged the seriousness of the club potentially breaking the conditions of membership, but said the Association would await the outcome of the Pinsent Masons’ report.  The published conclusions of which does not address the question.

Rangers International have just dared the SFA to act.  They are familiar with the tactics of brinksmanship, however….

Just in case you are new to this subject…..

Hell will freeze over before any football association with Campbell Ogilvie as president will act on this matter.  “Heavily conflicted” Campbell will ensure his board take no action.

I was delighted to read one man who knew exactly what he was dealing with when he took on the SFA.  Echoing the comments made here yesterday, Fergus McCann said:

“Filling Celtic Park against Barcelona or Spartak or Rangers is the easy part.

“The part that really counts is consistent support at every game at Celtic Park and that will deliver the top-level matches.

“My time at the Croy CSC reminds me of the importance of dedicated support.

“The members knew that their role was vital, especially in the hard times.”

The future of our club is very much in our own hands and these are important times to fill out Celtic Park.

Waterstones, Stirling, 5-7pm TODAY!

I’ll be at Waterstones, Stirling, with Willie Wallace from 5pm until 7pm this evening.  Willie will be available for photographs and signing copies of his autobiography, Heart of a Lion.  If you’re from the area, call in, I’ll see you there.

Many thanks to all who bought tickets for the Celtic top signed by the Seville squad, we sold out last night.  Thanks also to those who are bidding on the fabulous signed Messi top, you still have a few days left to get involved.  The spirit of Walfrid is alive and well 125 years on.

Heart of a Lion:


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  1. ttt,

     

     

    My old dad also told me that academic snobbery and intellectual insecurity sometimes resulted in a refusal, by some, to even acknowledge facts or analysis which differed from a perceived wisdom.

     

     

    Hail Hail!

  2. Kilbowie Kelt on

    Neil canamalar Lennon hunskelper extrordinaire

     

     

    19:36 on 30 May, 2013

     

     

    I read that keltic with a K was an invention of Glasgow university history deparent, specifically offered to undermine the Celtic movement gathering around the club.

     

    Kilbowie Kelt has resisted this argument a few times with the same drivel about pronunciation, but continually fails to produce two pertinent peices of evidence-

     

    Written confirmation that brother Walfrid made any reference to the “hard C”

     

    _______________________

     

     

    Canamalar,

     

    I will not descend to your level & describe what you say as ‘drivel’.

     

     

    I will simply point out that Willie Maley ( who just might have known more about Brother Walfrid than either you or me) has repeatedly told us that our founder ALWAYS called HIS club Keltic.

     

     

    No further comment, M’Lud.

     

     

    Good luck.

  3. 67 Heaven

     

    One of the aspects everyone forgets is that of unforceable consequences.

     

    One of those is the impact of the SFAs bending over backwards to protect football ( as they see it) on businesses and banks who will have noted that when it comes to offering a club credit they are in the back of the queue if money is tight.

     

    When credit is tight businesses run on a hand to mouth basis. No long term planning just being around tomorow is the end game.

     

    If you are in a league where one club has no credit issues it is always going to be an uphill struggle to compete.

     

    Yet another argument for the SPL with a weaker The Rangers wanting to wave cheerio to Celtic.

  4. The Croybhoy on

    “My time at the Croy CSC reminds me of the importance of dedicated support.

     

     

    “The members knew that their role was vital, especially in the hard times.”

     

     

    Thanks Fergus. You are da man!!!!

  5. TTT

     

     

    Between your global travels and the Mrs locking you in when you’re home d’you reckon you could make it out for a cold one:o)

  6. Bhoys,

     

     

    Overcame a minor technical difficulty to renew my own and my son’s season ticket this morning. The difficulty was related to the inability of one staff member to understand that an eleven-year-old cannae sign a direct debit… Looking forward to more adventures in Europe and new challenges from Scottish (Celtic?) challengers this year. Meanwhile, in Govan, things are getting hairy.

     

     

    I may have had three malts. Isn’t it good being a Jungle Jim?

     

    Hail Hail!

  7. EDB – I’m fine & trust you & the El Diego Ghirls are all well. I’m seldom on CQN these days but am on a train back from Birmingham just now so have plenty of time on my hands. The main reason for my disenchantment with the blog can probably be summed up in two words – Jungle & Kev.

  8. The Token Tim on

    EDB,

     

     

    you raise a fair point :-) but i do occasionally make it out, for example I shall be there at Aberdour on 14th June and yes i will be partaking of the imbibement as opposed to driving!

     

     

    maybe see if we can have a wee day oot with some freiends new and old, that’ll be DB :-) sometime late July/early August?

     

     

    HAIL! HAIL!

     

    Token

  9. Dick Byrne

     

     

    I’m afraid things are not all well this end but I’ll try to get your e.mail address and get in touch.

     

     

    I tend to scroll past that individual and a few more to boot!

     

     

    Take care.

  10. Neil canamalar Lennon hunskelper extrordinaire on

    Shut it nigger, you were warned :oD

     

    I hate recovering old ground but on this occasion I am going to revisit, I don’t like the idea, but it stuck with me after I read it.

     

    K is Hun

  11. When you got debt and the bank dont give you an OD (OVERDRAFT) and you keep on spending, welllllllllllllll, you got more debt, simples, but then again Wattie in charge now he sort that out ;))

  12. TTT

     

     

    Would love to make Aberdour but best not for now.

     

     

    July/early August would be fine.

     

     

    B.t.w. what age are the twins now?

  13. Somebody copy over Charlotte Fakes latest 7.56 Twitter offering.

     

    It sets out what SFA wanted to know last June at link provided.

     

    5 way promised….

  14. Philbhoy - It's just the beginning! on

    EDB

     

     

    Hope it’s not too serious!

     

     

    Thoughts and prayers with you and yours this night!

     

     

    Take care and God bless.

  15. Ttt, seriously ? Making arrangements for a drink ? I’ll believe that when I see it . edb, db – let him make the date with you and when he cancels , I’ll step in- a poor substitute I know , but needs must.

     

     

    jungle jim , you’ve got mail.

     

     

    CQN’rs , can someone answer this ? How long is the prohibition on sevco shares sales ? How long until the financial investors can start selling ?

     

     

    Sanna

  16. EDB, sorry to hear things are not great . Remember , whether posting or lurking , this is just like the bar in Cheers .

     

     

    We’ll listen , rib you , laugh at and with you but we’ll always be here for you .

     

     

    Sanna

  17. Neil canamalar Lennon hunskelper extrordinaire on

    EDB + DB

     

    The blog has grown in your absence, non of us had you down ass middle class cowards afraid to stand your ground but tonight’s intercourse was pathetic.

     

    Fire in the belly nigger, or just run away like a shareholder, squeal like a permanent victim or be a nigger like me and take no shit

  18. The Token Tim on

    EDB,

     

     

    hope all improves soon. Will be in touch later regards beers. Thought with you all.

     

     

    Sanna,

     

     

    Ouch, ya big biatch ye……..been a long time since I said i’d be there and then had to cancel!

     

    Cue cancellation of appearance at Aberdour in couple weeks :-)

  19. A genuine question.

     

     

    What exactly are people expecting Celtic to do with regards today’s announcement and Ogilvie’s shield of steel?

  20. GlassTwoThirdsFull on

    Come to think of it, why were the SPL involved in the Five Way Agreement? Rangers had lost their place in the SPL and had to get a new place (as a new club) in the SFL.

  21. My God,

     

     

    Have TTT, Eldiegobhoy and Dick Byrrne been in the same place at the same time. ..:)

     

     

    Laat time I bumped into Dick was at Queen Street Station and no cold ones in sight. The last time I saw TTT and EDB and not on same occasion there were a few cold ones sunk.

     

     

    Keep the Faith!

     

     

    Hail Hail!

  22. Philbhoy/sannabhoy

     

     

    I’ve kept it below the radar for the most part since the beginning of this year and will continue in that way.

     

     

    Thanks for your caring thoughts.

     

     

    For clarity I am not the subject of the matter at hand but someone very close.

     

     

    Anyway more than enough said. Cheers guys.

  23. Philbhoy - It's just the beginning! on

    EDB

     

     

    You know you and those close to you will always be in the thoughts of decent CQNers.

     

     

    Take care.

  24. The reaction from the deluded on Reporting Scotland after hearing the Sir Walter news, confirms that they are, in fact, deluded.

     

     

    When will they learn?

     

    Never.

     

     

    It’s in their nature. Hell mend them.

     

     

    Meet the new huns; same as the old huns.

     

     

    El Mad.

     

     

    willgetfooledagainCSC

  25. Canamalar – Sorry to hear your intercourse was pathetic tonight. Maybe it would help if you calmed down a bit. I would get the dosage looked at if I were you.

  26. Neil canamalar Lennon hunskelper extrordinaire on

    Sea cucumber,

     

    There seems to be a reality isolator, everyone in the world is more clued up in my speciality than me.

     

    I gets loads of Monet on a consultancy basis :oD Morgan stanly, gdman Sachs, Manchester Heath board, MOD,

     

    But in Qatar even the tea boy has a problem with my expertise, sugar and milk requirements apparently I don’t have a clue how I like my tea.

     

    I am begining to believe I am here for a reason, sufferance

  27. Looks like Charlotte has info on the 5way agreement..this will get interesting now!sfa will have to show their hand before their forced to..com on Charlotte!lets have a swatch..

     

    Philbhoy spot on wi that lol

  28. Good evening cqn

     

     

    Off subject,was coming back from golf today,and visited the grave of Neil McCallum,at Bonhill Church,nice to see flowers and Celtic Scarf.

     

    Will myself get flowers,soon and leave them at grave.

     

    H H

  29. Neil canamalar Lennon hunskelper extrordinaire on

    DB,

     

    Yer snobbery has always been your weakness.

     

    That’s no my fault, so don’t blame me .

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