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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JFH
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Hail Hail fella.
Joe, are ye no being a wee bit…taken-in…with yer take on Stokesy ?
Poor Stokesy ?
He’s certainly not poor after playing for the Celtic.
His dubious associates are his look-out.
His play has been dire since he left Big Yogi.
Who are all the teams that Celtic are fighting off to keep him ?
What pisses me off about Stokes is…his Scot MacDonaldisms.
Ye know yon, play a p#shy pass then, put oan his girning face as he looks around for sumdy to blame!
That….should be managed out of him.
I always judge a Celtic striker by the following benchmarks….
1.How many chances did he get ?
2. How many did he put away ?
3. How many did he duff ?
Ye canny judge a striker unless…he gets chances…imho.
I hpe all of Stokesy’s personal stuf gets sorted for the better but, a lot of it is cozed by what goes on in his styoopit heid….imho.
HH
Morning Timland from a damp hun free mountain valley.
A fair few uninformed posts on here this morning, reading and believing too much of the western media me thinks.
Macjay
I wrote:
“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. Can you provide that evidence? I’d be obliged.”
You haven’t provided that evidence.
If you can provide that evidence I’d be obliged. Again.
Otherwise you risk your opinion being received as all so much unevidenced prejuduce and so little considered insight. A non sequitur, as you might say.
I find it funny how many people go on and on about the Rochdale case.
People trafficking and the exploitation of young children is widespread across all races and creeds.
THEBATTEREDBUNNET
Correct,insofar as you go. My own thoughts are in sufficiently researched to post online,but are largely in line with those of the Oxford Imam.
It cannot be ignored that a large number of ‘sex rings’ involved Moslem men grooming and then abusing beyond depravity young white girls.
However,equally it cannot be ignored that for years there have been a large number of same involving white men of various religions doing the same. To both sexes.
As you say,the common denominator is vulnerability.
I’m not entirely sure that the girls in question were targeted because they were white,merely because they were there. But for sure,they didn’t get any stop messages from some ‘religious’ leaders.
Wrong place is a dangerous place to be. There are some wrecked lives to prove just that.
PFAyr,
Thanks for the reply yesterday evening. I wasn’t asking about what you had contributed. I was just wondering whether it is appropriate if any of us comment on current court cases.
Celtic Park/Parkhead?
Growing up,it was Parkhead.
Grown up-ish,it’s Celtic Park.
Animated discussion/reminisce in the pub after a few,it’s Parkhead.
So…
It’s Parkhead unless I really concentrate!
I remember one day in the late 70’s we were playing Partick Thistle at, Firhill and we were standing in the, covered enclosure / Jungle-thingy.
Celtic fans were belting out all the rebel songs.
Thistle fans piped up….”If ye hate religious football clap yer hands.”
Then,….”Hullo, hullo how do you do, we hate the boys in royal blue, we hate the boys in emerald green so….fluk the pope and, fluk the queen.”
Celtic fans were laughing and then, gave them a rousing round of applause.
I thought it was a grand wee moment.
BMCUW
I agree. It’s about access, availability.
TD67
Correct about the GB ……. when they started up, they were brilliant….then the politicos latched on, introducing / influencing the (impressionable) youngsters their political agenda, as happens across society…… Then the politicos lurch in the background, like vultures…
…also, it is a well-known (amusing) fact that bhuns don’t like to say the word ‘Celtic’……that’s how bigoted / hate-filled they are…….they prefer to use the word ‘they’ ….. .
RUBICON 10:43
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.
~~~~~~~~~~*++*~~~~~~~~~~
Learn yer 40x table.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
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Hail Hail fella.
I remember one winter night at Celtic Park v’s the huns and, the pitch was covered in hay before the game.
The huns were singing….”Parkheid’s a piggery.”
Any hun that I have spoken to has called it Parkheid.
HH
Kev Jungle,
Yeah I remember that song.
sounds like it came out of Wings over Scotland
Hail, Hail to you.
Rubicon thanks for your comments I shall endeavour to get the background to the Jock Stein Cup and your comment about the music. I know that there has been a great association and the Western Isles for many years although perhaps not as strong in recent years,we used to have regular visits from Celtic Boys Club. Wee Bertie and John Clark are here next month to a function. Thanks for your interest and watch this space. H H Hebcelt
JJ
Yes, it was a genuine typo, Celtic Park, Paradise, The Holy Ground, The Planet Of The Papes, Gods Waiting Room, there are many names, and each to their Own, anyway I’m off Christmas Shopping, and ill probably nip into the Brazen later and have a gab wi the Grey Brigade, HH. :))
Greenpinata
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Ha ha :)
Hail Hail fella.
BMCUW
I think you said this in jest ( well, it made me smile 0:-) )
” It’s Parkhead unless I really concentrate!”
but, intentionally or not, you make a good point .
JJ
Hebcelt
You can add my name to the list of those who thoroughly enjoyed the programme.
I missed some bits so if it is to be shown for a third time, kindly let me know,
JJ
Do they do Black Pudding instead of pies at Half-Time? 0:-)
Hebcelt
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What tv show were ye talking about on BBC Alba ?
Would I be able to get it on BBC i-player ?
HH
and pass on your comment about the background music – Doh
……oot…….
Kevjjungle it’s a programme on BBC Alba my daughter made about a season in the life of a local team here on the Isle of Lewis,been very favourably received. It will be repeated many times on BBC Alba – Sky 143 I’ll post when it is next on, well worth a view- says proud father!! H H Hebcelt
Do’nt think it is available on BBC iplayer
When Fergus McCann was in charge Celtic staff got a row if they referred to Parkhead rather than Celtic Park. His orders.
gooooooooooooooooooooooood morning all
Celllllllllllllllllllltic :)))
mam update back home sitting in her big chair giving out order in between asking what I’m doing on that thing(laptop) so all is well here
Hebcelt
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You have every right to be proud fella.
I’ll check it out. Thanks
Hail Hail.
….oot this time….
First we had Green and Whyte………….now they are trying to enlist Crooks and Windass……
Hahaha…….poetic.
Celtic
by Moravcik 67(hopefully) :))))
always good to get me going
https://www.youtube.com/watch?v=C2ZKQfp7D6U
67heaven…,
can you tell my why I should distrust a group of supporters who feed the hungry and stand against racism and sectarianism, on the say so of a couple of old selfish far right (well maybe slightly left of adolf), kowtowing know your place servants ?
Embramike @embramike 3s3 seconds ago
Do Sevco not do irony? “Crooks expected to move to Ibrox”! In good company then! What next- Cole to Newcastle? & who are Accrington Stanley?
Macjay (and I appreciate you’re probably in your scratcher by now)
I asked you if there was any evidence that the Rochdale case was motivated primarily by Race, as you claimed. You weren’t able or otherwise elected not to answer, so I did a little research myself.
Here’s what the professionals in the case have to say on the topic:
Detective Chief Superintendent Mary Doyle of Greater Manchester Police: “There is no evidence that they were targeted because they were white. They were targeted because they were there.”
Nazir Afzal, chief crown prosecutor: “It wasn’t their race which defined them, it was their treatment of women. They [the victims] were perceived to be unwanted, unloved, they were on the streets late and nobody seemed to care”.
Rachel Smith QC, Prosecutor, described the victims to the jury as “the sort of children who were easy to identify, target and exploit for the sexual gratification of these men”
Marai Larasi, a director of Imkaan and co-chair of the End Violence Against Women Coalition: “An excessive focus on some cases of sexual exploitation with a primary focus on ethnicity rather than the exploitation itself is misleading and fuels racist attitudes. The focal point of this should be the fact that vulnerable young people are being targeted.”
If you have any evidence to the contrary though, again I’d be obliged if you’d share it.
KEVJ
HH,catch ya next time yer on.
ParkeaditisifyerfortyoroverCSC
Accrington Stanley? Playing Livingstone, I presume.
Cheerio for now !!
JJ
JUNGLEJIM HS
It was deliberate-and true.
Another example of trying to do what’s ‘right’ and reverting to type in good company.
Hope you had a good festive season,bud. And that Santa brought you some knee and shoulder pads and a brand new shiny helmet(!)
Or some stabilisers…
HEBCELT Was that your Bhoy who had on theHoops Top on in the dressing room,also there coach had a Sevco Beanie on his head,and them pies looked tasty,see if you can get them a contract to supply them to Celtic Park,growing up we always called it Parkhead,
Leabrannagh, Fortunefavourmibbes, Lionsroar67, Estorilbhoy, Rowz ,Dirtymac, Yorkbhoy, Headtheball,
Bhoywithseethrougheyes, Stephbhoy, Broganrogantrevinoand hogan, Celtfish, Celtic Love, Timhan,
Doctor whatfor ,Southside, SeanandLiam1888, Cathedral View, danso_1888, The king Vic 67, Sons of Erin,
Barcabhoy, Joefillipishaircut, obonfanti1888, Donegalpaul, Mr X loves having a fly kick, Celtic Mac,
Steinreignedsupreme, Junglejam, Ulysees Mcghee, Fin75 ,Spirit of Arthur lee, PaulsAtim, Cumbernauld No1,
Socrates, Valley Exile, Ten men won the league, Wellbhoy7, Mike in Toronto, Stringer Bell, Gordon J
Gene’s a bhoys name, Shady, Imaginger, Philbhoy, Clink \o/, Zbyzsek, Saltires en sevilla,excathedra44,
Hen1rik, Andrew67, Petethebeat, Italia bhoy, Setting free the bears, Fred C Dobbs, Balhambhoy,
Supersutton, kikinthenakas, Kojo, Dontbrattbakkinanger, Dan, Michael, Hankray,The timreiper,proudbhoy,
50 shades of green, JC 2, Craggyisland, ABZ Mike, mickmacpaddywhack, Sannabhoy, Sevenfishesfoursteaks,
J Mcornick, Hamilton Tim, Prestonpans bhoys, EastCoastbhoy, Paul 67,The Battered Bunnet,Bawsman harryhoodsdugbitme, Eurochamps 67, Tontine Tim, Snake plissken, CanIhave Rasperryon that ice cream,
Bamboo, Gerry 123, Sunny Calmachie, hoopsmon, mightytim, notthebus, Bhoylo83, Scotspatsfan,Che,
Craigielachielo, The prince of goalkeepers, Tims in ohio,,Whitecrook Tim, Paddysmarket, ThemoonBhoys,
Dontpatmadug,Goldstar10, Len Brennan, i;mneillennon(tamrabam), Fourgreenfields,Winning Captains,
Goodybhoy, Ernie Lynch, BadaBing, Goodybhoy, Dumbarton Harp, The Exiled Tim ,Canamalar,Tallybhoy,
Paddybhoy1888, Big Mike, Fergus Slayed the blues, Glasgow Dave, 16 roads, Auldheid,Leftclick,J67, Doc,
Iki, BobbyRussell, tomtheleedstim,Feed the bear, South of Tunis, Johnny Clash, Sipsini, TheladdyMcGeary,
Green Maestro, 67 Heaven, Carrigan,TheboyJinky, Rothbhoy, Big Nan, PF Ayr, Summi ofSammi, StPatricksbhoy, Overseasbhoy, Marti Sandino,Bournesouprecipe, 67Wanyama, Watt, Parkheadcumsalford,
Moonbeams MWD, Folly Folly, dannysbeard, Junior, AsonofDan, Voguepunter,Starryplough, GreenJedi,
Bobby Murdochs Curled up winklepickers, unew mike, 79 caps, Valentines Day, GG, Weeron,Celtic40me,
Henry Clarson, Tigertim, Fanadpatriot, Mort, Eyes wide open,Corrib04, NuclearBovrilHalfMunchedpie,
Kilbowie Kelt,Arranmorebhoy, LXVII, hailhailplc, pggtips2, Toneloc, dessybhoy,Dubiabhoy,Emerald Bee,
ThePantaloonDuck, Ray Singh-Carr,Mc Bride, Reilly1926.HoopedDreams, Tamstered=SCO3487, Skywalker,
Ginger Elvis, Dharma bham, MurdochAuldandHay, Rogueleader, GlenDalysTonsils, Jackiemac,kayal33,
Por Cierto, Montreal_bhoy, Kev Jungle, Down For Sam, Geordie Munro, Nally 81, The Onlooker and Mea Culpa.Weeminger,KitAlba,Jamesgang,Cowiebhoy,Kingoh, Praecepta, Mik67,ClashCitybhoy,BillyBhoy,Jungle jimhot Smoked, Tooting Tim,Thindimebhoy, Celtic_first,Eldiegobhoy,Stairheedrammy, Green Lantern,
Rubicon, overandover, Martin1980, Gus1969, Corkcelt, jude2005, Blantyre Tim,Marrakesh Express,
Rioskerrie,Jobo, Thomthethim,Dublinbhoy, Robert tressell, Neganon, Tony Donnelly67 the weegreenman,
HebCelt,Glasstwothirdsfull,BigCup Winners,EmbraMike,Oldtim67,Richie,CelticRollercoaster,BlantyreKev
and alll i missed :-)
may happiness and health follow you and yours in 2016
God Bless Celtic
Hail Hail
Remembering Kano And Pablo and all who are gone from CQN,god bless them
An Tearmann, I always like a list, and that’s a good one.
All the very Best to you and yours.