Today’s pre-trial hearing at Edinburgh Sheriff Court against Charles Green, Craig Whyte and others involved in the business of Newco Rangers brings the state of the football club into stark focus.
Charles Green is accused of raising £21m for Newco Rangers by fraud via their December 2012 IPO. He is also accused of defrauding Sevco 5088 Ltd, the company who were awarded the right to buy the assets of liquidated oldco by administrators’ Duff and Phelps.
Craig Whyte maintained that he, or his associates, had a controlling interest in Sevco 5088 Ltd, and produced a famous recording allegedly featuring Green tell him “You are Sevco”. Although Duff and Phelps contracted to sell to Sevco 5088, another company, Sevco Scotland Ltd, actually bought the basket of assets.
Sevco Scotland was controlled by Charles Green or his associates. The company was renamed to The Rangers Football Club Ltd and is now a football club, sitting top of the Scottish Championship.
While in charge of Newco Rangers, Green’s PR issued a number of confusing statements around Sevco 5088, insisting both that he made certain arrangements with Whyte which he had no intention of honouring, and that he was entitled to switch the beneficiary of the Rangers liquidation Sale and Purchase agreement to Sevco Scotland Ltd. A move he claimed was to give the company a Scottish registration number.
The remainder of the various rap sheets tell grubby tales. Green is accused of fraudulently obtaining the £5.5m he used to acquire the assets of Rangers, and of using £200k from Rangers Youth Development Ltd to aid the purchase. Whyte is accused of defrauding Ticketus and Merchant Capital of £28m, and various other crimes and misdemeanours, but these issues are a side matter. The action regarding the future concerning football is with Charles Green.
Think back to his counsel’s words as he sought funding for his defence from Newco Rangers last month. The £21m IPO money and those assets purchased by Sevco Scotland were ploughed into the club now sitting at the top of the Championship. Should these charged be upheld, the assets would be proceeds of crime.
Green was allowed to issue unfathomable edicts as a desperate PR campaign blamed others for bizarre conspiracies. This was enough for an already-compliant media and he played to the gallery magnificently. Supporters lapped it up.
Under pressure to provide the stock market with a clean bill of health, the club went to the Masons for a report in April 2013, Pinsent Masons, who in conjunction with auditors, Deloitte, found none of the alleged links between Green and Whyte surrounding the asset sale and setting up of Newco. I understand the investigation heard no testimony from Craig Whyte, so found no evidence of anything inappropriate.
All of this provided temporary respite on the park and in the Scottish media but the ultimate Day of Reckoning was never going to be affected by PR. Should charges against Green be upheld, the only unfathomable consideration will be what future a football club with no legally acquired assets has.
There is a chance that all the dominoes will fall in Newco’s favour. That all charges are unsuccessful, that Mike Ashley relinquishes control of all contracts and that investment will be found to meet medium-term cash requirements. It is also possible that one or more of these dominoes will remain standing, and that nothing will ever be the same again.
Best of luck to all parties. I wonder when the penny will drop with those recently rooting for Green to be put away of the consequences……
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TD67
Ditto…im not part of any political organization either….They wouldnt have me anywhere near:)
But i dont think there is anything to fear from the GB.
Any time i have spoke to the young GB guys…They have always been good people, and diehard Celtic fans
There is no mystery.
They love Celtic just as much as you or me.
There is nothing to be alarmed about.
They might hoist the odd flag or banner that isnt to everyone’s liking.
But id say….check out the young hun mob by comparison.
Its like chalk and cheese.
Its the daft hun bigots im more concerned about.
HH
Macjay1 – I honestly don’t know why you bother chief.
It doesn’t matter anyway, the progressive party is well and truly over. A few cultural Marxists on here won’t make a blind bit of difference.
Their leader, Merkel and her corrupt political ilk are finished.
See how desperate she has become, trying to apply pressure on countries such as Poland, Hungary and Czech Republic – countries that know their history – she was told in no uncertain terms to beat it.
What a tangled web they weave.
And here – see once they cry racist – that’s when you’ll really know for sure that you’ve won the argument.
Have a nice day.
HH.
Greenpinata
Ha….thats the spirit mate.
Its ok to be doolally:)
I should know.
HH
Tony d.
Could you provide some wisdom as to what the political objectives of the green brigade are ?
Where can I find their manifesto and who is the leadership ?
Now this is more the sort of stuff that petec would post and I’m not saying I agree with the content or conclusions but to have a balanced opinion you need to be open to all sides of the argument and you need to accept there are people who have very strong beliefs through which is how they see the world.
In the same way there are Islamic jihadists there are also Christian jihadists however only one jihadist is a hypocrite and that’s the Christian, the Christ never ever told anyone to kill in gods name.
https://youtu.be/uY20IFaWlsQ
The green man
I have no fear of anyone in the GB I even know a couple of them and I know they are good Tims, it’s not the ones who hoist the odd flag or banner I’m on about, it’s the ones who make them up and hand it out to them, you won’t see them holding up any banners, why? I know why and so do they.
Macjay
I take it then that you don’t have such evidence, and that your opinion is an inference drawn from selected circumstances of the case as reported.
An opinion based on unevidenced inference. Compelling stuff.
Have you considered other similar cases using the same analysis techniques? What’s your considered opinion of the motivation behind the Denham/Stansfield ring? I’m fascinated. Given that Jimmy Savile preyed on hospitalised kids, do you think he had something against youngsters who he considered over-use the NHS?
KEVJUNGLE on 6TH JANUARY 2016 9:35 AM
You piss me off just because you have gave up the fight not every Tim has. Stood in your Jungle back in the day and still go to paradise today no Fecking Zombie will be dancing on my grave. Your bottle has gone and you do your talking on a poxy blog.
What makes the ISIS thing so bad is that they are a product of the CIA-Mossad with the UK and France mixed up in it too. Destablisation and regime change in Syria is the aim of our governments and they have no scruples about how that is achieved. This is a far bigger deception than the fictional WMD’s that was the excuse to invade Iraq.
16 ROADS
Sadly,it was the cries of ‘racist’ which stopped the arguments,and stifled debate on the subject.
Raising such topics as integration,self-ghettoism,women’s rights not being respected-etc,etc,etc-you were slammed back in your box by being branded a racist,unwilling to understand the cultures of others.
Game over.
SAINT STIVS on 6TH JANUARY 2016 10:16 AM
Tony d.
Could you provide some wisdom as to what the political objectives of the green brigade are ?
Where can I find their manifesto and who is the leadership ?
– See more at: http://www.celticquicknews.co.uk/pre-trial-hearing-brings-stark-focus-to-newco-future/comment-page-10/#comment-2748794
Ehhhhhhhhhhh google them? But you knew that right?
Another concern I have this morning is that the trial of Green and Whyte will provide a smokescreen to the goings on over at Ibrokes currently they sit top of the Championship.Also despite we are constantly being told they have no money they are signing players.If the trial finds all of them guilty of the charges I dont think it will make a difference to the Rangers (or can someone tell me different ).My concern is that over at Parkhead that we take our eye of the ball we need to be building for another crack at Europe next year and also to ensure we are miles better than the Rangers when they are promoted as they surely will be. H.H.
CANAMALAR 1018
See yon Armageddon Times? Do they have an edition planned for tomorrow?
Saint spivs
There you go join up.
http://greenbrigade.proboards.com/
Saint Stivs………
THEBATTEREDBUNNET
No comment on my point about Oxford?
TD67
I can only go on what i know.
There may well indeed be a few ulterior motives in any group or organization.
Id say that was par for the course.
But i wouldnt condemn the majority because of the actions of a few.
I would raise my concerns directly….talk to the GB…find out whats what.
I know a good kid, who loves Celtic and the GB….He would be mortified if he committed any unkind act…and his dad would kick his a***.
So…its not all bad.
HH
Bamboo,
more to the point a direct construct of capitalism, a tool to further polarise society and push everyone further to the right, the target being fascism where the top capitalists are treated like gods.
JOE FILIPPIS HAIRCUT on 6TH JANUARY 2016 10:25 AM
This is pedantic but could you call our home park what is…Celtic Park….please and thank you, no offence.
Hebcelt,
I really enjoyed your good lady’s programme. Very well made and engrossing. Made me really miss playing football. True spirit of the game is clearly alive and well at Westside. Two comments; I woud have liked to have known the background to the Jock Stein Cup, also the music was unnecessarily intrusive and too loud. Otherwise, brilliant!
Bamboo @ 10.22
Good post…like you say ISIS have been contrived.
They are just a weapon in the resource war.
Oil, Gas, and Heroin
HH
Celtic Park will always be Parkhead to me.
But then again I’m not politically correct.
http://www.scotzine.com/2016/01/celtic-linked-with-dutch-striker-wout-weghorst/
The green man
I’v been at a couple of meetings at Celtic Park, where the GB have had representatives, and they where not kids, that I can state as a fact, and in saying that they where ok and well behaved at the meetings, as everyone else was.
BMCUWP,
2013 it was posted on utube, to be honest I’m really surprised at how accurate it has been simply using biblical prophecy. Not sure how many of us on here had any idea of how much involvement Turkey had to play back then but its almost like Turkey watched it and liked what they saw and wanted some of that, no ?
lennon’s passion
_________________
I piss you off ?…..On this poxy blog ?….That I do my fighting on ?…..So, what do you suggest I should do ?
Go down to Celtic Park and hand out leaflets of my grievances to folk who’ll be so filled with apathy that, they’ll just make paper aeroplanes oot them ?
Or, start an online petition…the equivalent of a peashooter ?
Or, send a ‘statement’ to an, anti-Celtic newspaper for my 15 mins of fame ?
Or, keep ma hauns in their pockets and, not let Celtic’s colluding-sleekit-deceitful-kowtowing-board get their hauns on my hard earned money ?
Celtic FC should have threatened to quit the game and, to tell the ‘world’ why when…Rangers were offered a licence to start in Div 3…without being tried or, having paid a single penny back of the £140 million that they stole….imho.
Celtic FC’s silence is the narrative of the shitebag or….the narrative of the other side of the O## F### coin….imho.
HH
That bliddy pop-up about an ex face-timing me…
It had a cute blonde on it before. Had me wracking my memory(memory? Wrecking shooooorly-ed)
Well,it’s get a bloke on it now.
That’s it. Too much. Adblock for me from now on.
Nope,back to the cute blonde.
Adblock cancelled.
Greenpinata
I just find that when in Hun company you say Celtic park to them, they say Parkhead , I’v never heard a Hun saying Celtic Park, they hate it when you say that, ……not that I’m making accusations.
Bobby M – Life goes on mo chara.
I do realise that it is futile,even attempting to debate any opinion that runs contrary to the Multi-Cult baloney.
MSM propaganda and lies.
You Can’t Stump The Trump.
No more nonsense.
Slan.
HH.
BMCUW
I do, but it’s a complex topic. I’ll restrict it to this:
Applying a Race lens to these cases serves to hide their true nature. In the Rochdale case, it was the Race aspect that was in large part responsible for the crimes being overlooked in the first instance. The Authorities were (apparently) reluctant to act for fear of being accused of acting with a Racial motivation.
Remove the issue of Race for a moment, and you are left with Male Sexual Abuse of vulnerable Females. You can apply any filter to that according to your own experience. Unfiltered, these crimes are largely indistinct from any other organised trafficking case. Just another sad and bleak example of Men abusing vulnerable kids.
Does anyone know if there’s an App to stop my rare posts landing at the bottom of every bleeding page? Every….blooming…..time! Arrggghhh.
TonyD67
` St Spivs`
Was that really a typo? 0:-)))
JJ
THE BATTERED BUNNET on 6TH JANUARY 2016 9:45 AM
Introducing a Racial aspect as a primary feature of these offences would require evidence that the perptrators carried out these acts primarily with a Racial motivation, rather than a sexual one. ===========================================================================
Interesting. You state that as if it`s a fact. How many Muslim women were victims?
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Your reply
THE BATTERED BUNNET on 6TH JANUARY 2016 10:21
Macjay
I take it then that you don’t have such evidence, and that your opinion is an inference drawn from selected circumstances of the case as reported.
An opinion based on unevidenced inference. Compelling stuff.
Have you considered other similar cases using the same analysis techniques? What’s your considered opinion of the motivation behind the Denham/Stansfield ring? I’m fascinated. Given that Jimmy Savile preyed on hospitalised kids, do you think he had something against youngsters who he considered over-use the NHS?
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Ye gods.
Seen some non sequiturs in my time ………………
If you don`t have an answer,don`t answer.
The battered bunnet would have addressed the issue.
Nighty night,all.
TD67
Why am i not surprised that you have indeed raised your concerns directly:)
Thats what i would have done also.
Wherever you go, there will always be a few old political heads getting involved.
Thats just the way they are, but id doubt whether they could persuade that GB kid i know, to do anything untoward.
Those kids absolutely love Celtic.
HH
TD67,
Many Celtic songs mention Parkhead in the lyrics.
Can’t see Huns singing them. Can you ?
But it’s all about opinions.
HH to you.
Add me to those who call it Celtic Park. Did anyone ever hear anyone saying the Huns were playing at Govan?
JJ
PS I am, though, a fan of `Paradise`.