Oops, we forgot about Sevco 5088
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:
