Sevco 5088 claim ownership to Rangers Int assets

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There’s those words, “prima facie” again.  “After examination of the evidence, Leading Counsel’s advice is that there is a prima facie case to answer”, read a stock market statement this morning by Worthington Group PLC, after the Leading Counsel “who is also a Deputy High Court Judge”, examined the case of their subsidiary, Sevco 5088 Ltd’s claim for the business and assets of Rangers International Football Club PLC.

“It is the position of Sevco 5088 Ltd that it is the rightful owner of the business and those assets”.

As revealed in the document below, Companies House now record Craig Whyte and Aiden Earley as directors of Sevco 5088 Ltd, alongside Charles Green.

The court will examine if Mr Green acted appropriately when he removed the entitlement of Sevco 5088 to acquire the assets of Rangers FC (in liquidation) and assigned them to Sevco Scotland (now renamed and trading as a subsidiary Rangers International FC PLC.

Rangers International stand accused of not owning the business they operate.

Subsequent to the entitlement to buy Rangers FC’s assets being passed to Sevco Scotland, Mr Green became the beneficial owner of £4m worth of Rangers’ shares at a cost of £40,000.  Rangers International then raised £22m through an Initial Public Offering on the AIM market and the company became owners of a business worth tens of millions of pounds.

The allegation that Duff and Phelps disposed of Rangers assets to a company controlled by Rangers owner will be of interest to liquidators, BDO, who are likely to ask Lord Hodge for an opinion on behalf of creditors.

I am sure Rangers International FC PLC will strenuously deny they inappropriately acquired assets of Rangers.  They will also take steps to immediately assure Cenkos, the nominated advisors of their IPO, that investors money is safe and the IPO was appropriately handled.

They will, at the same time, assure Cenkos that these allegations were not made known to Sevco Scotland prior to the IPO, otherwise potential investors would have been alerted.

These are the most serious allegations leveled in the entire episode of the Rangers group of clubs. The first question for the independent inquiry setup by Rangers International should be ‘What the hell have the non-execs been doing all these months?’

The cheerleaders for Mr Whyte and Mr Green have done enormous damage.
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  1. Dontbrattbakkinanger on

    LISTLOVERS

     

    MWD

     

    Oskar Schindler

     

    Dmitri Mendeleev

     

    Santa Claus

     

    Julio Iglesias

     

    Roseanne Cash

     

    Martin Luther [ggrrrr]

     

    Earl J Hickey

  2. What about pulling Hooper back to midfield and starting with Stokes up front on 26th?

     

    He looks hungry when he tracks back and his passing is normally very good.

     

    He maybe needs something else right now as with his back to goal he seems lost.

     

    A lot mentioned about service and maybe rightly so but for me he needs to be involved to play well but a final may pick him up just in case it is his last game for us.

     

    Efe to move up and leave Charlie at the back seems the obvious choice but our 2 right backs could also do a job in there imho.

     

    Lustig for centre mid in front of Matthews though.

  3. # construction #1

     

    myList <- list(a1 = list(a2 = list("a21", "a22")), b1 = list("b1", "b2"))

     

     

    # construction #2

     

    myList <- list()

     

    myList[[1]] <- list(a1=list())

     

    myList[[1]][[1]] <- list(a2=list())

     

    myList[[1]][[1]][[1]] <- "a21"

     

    myList[[1]][[1]][[2]] <- "a22"

     

    myList[[2]] <- list(b1=list())

     

    myList[[2]][[1]] <- "b1"

     

    myList[[2]][[2]] <- "b2"

     

     

    can anyone spot the error?

  4. So geez want a list, a’ll gie geez a list!

     

     

    I can confirm the following, Doc, Miss Doc, Cowiebhoy, MWD, Mini MWD, CelticRollerCoaster, Mrs CRC, CaityRollerCoaster, DeccyRollerCoaster, HamiltonTim, Minx1888, The Boy Jinky, Jobo Baldie plus mini, Roy Croppie, Ten men won the League, Palacio67, Mini Palacio67, KevJungle, EmbraMike, Neganon, OldTim67, FourGreenFields,FourGreenFields Jnr(16), FourGreenFields Jnr(10), Mouldy67, BJMac, VMhan, Che, VoguePunter, Gordon 64 and Willy O ,the bold Fenian Mhan (lurker), MightyTim, Iki, Praecepta, FanadPatriot, Johann Murdoch,

     

    Kilbowie Kelt, LostinBonnybridge, Frantic07, Mrs Frantic07,The Good Ship Celtica, Jungle Jim, Bamboo, Neganon2, Swatson neil lennons 6ft skinny twin, Gourockemeraldbhoy, Thebhoyfromoz and thebhoyfromoz jnr, Houl yer Wheest, BognorBhouyle, Tommysbhoy,

     

    The Red Telephone, Youssarian67, Stairheedrammy, Sipsini, Lennybhoy, Vale Bhoy,

     

    Troon Tim, Troon Tim Jnr, Leftclick, Mrs Mighty Tim, SeanyBhoy, SarahGhirl,

     

    The Belfast Belle, Tombhoy, Catman, EasterRdDave, LifeofBrian CSC,

     

    Setting Free the Bears, Fred C. Dobbs Jnr, St John Doyle, Mrs St John Doyle, CeltFish, Lionroars67, BigGeorgeFanClub, Wee BGFC, PrincessBGFC, Mrs BGFC, Senor Pablo Diabo, Fordon, The Melvin Gael, Celtic1member1vote, Big Swee,

     

    Paul The Lurker/Boot Bhoy, MattE, Mrs Matte, Miss Matte, Dim Sam, DougC, DougC Jnr, Timabhouy, thebhoyfromu.n.c.l.e, Mic1888, prince albert_kidd of hamilton,

     

    Señor Pablo Diablo, Mearns 2 Milton, The Sooside Bhoys, ASonofDan,

     

    mhaddog is mise niall lennon, BankieBhoy1,

     

     

    That’s a list!:-))))

  5. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    tinmhan

     

     

    16:29 on

     

    17 April, 2013

     

    Titanic had a list

     

     

    But not for long

     

     

    >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

     

     

    hahahahahahahahahahahahahahahahahahahahahahahahahahahahaha ….Brilliant ….!!!!

  6. traditionalist88 on

    List of people who couldn’t be there but will be there next time :

     

     

    me

     

     

    List of diddies who are enjoying the harassment of Celtic fans :

     

     

    MSM

     

    SNP

     

    Strathclydes ‘finest’

     

    mickbhoy1888

     

     

    HH

  7. I'm Neil Lennon (tamrabam) on

    deadco had a list of debtors

     

    a fairly long list I understand

     

    newco may also soon have a similar list

  8. Assuming all are fit, team for Cup Final:

     

     

    Forster

     

    Lustig Mulgrew Wilson Izaguirre

     

    Brown Ambrose Ledley Samaras

     

    Commons

     

    Hooper

     

    Second half: Matthews on for Lustig;Ledley off for Forrest (Brown and Ambrose move one to the left).

  9. neveralone

     

     

    Manchester city centre is great for a night out. Lots of great bars.

     

    Circus Tavern is worth a look. I usually get some scran in hard rock as I like it in there. Nip into the Tavern and then onto O’Shea’s.

     

    There are loads of other decent bars. I would advise a trip down to the Hilton hotel and a trip up in the lift to Cloud 23.

     

     

    http://www.cloud23bar.com/

     

     

     

    It’s pricey but you get some view of Manchester from the bar. Well worth the extra quid for a beer. It’s at Deansgate. 5 mins on the tram from the city centre or walkable during the day. Wouldn’t advise walking at night. There is a cracking restaurant called Akbars across from the Hilton. Cracking food and reasonable. You may want to book ahead though. I went midweek and had to wait for a table.

     

     

    http://akbars.co.uk/manchester

     

     

    Enjoy Manchester. Great city to visit.

     

     

    LB

  10. The Battered Bunnet on

    Presumably the Planning Dept has a list?

     

     

    Graffiti

     

    Location: GU Library, 1st floor, Toilet cubicle,

     

    Time: Long, long ago…

     

     

    “if you want to watch toilet tennis please read the notice on the opposite wall”

     

     

    Which read…

     

     

    “if you want to watch toilet tennis please read the notice on the opposite wall”

  11. I am sure no one read that post. It looks like another list so most would have scrolled by.

  12. I have a list of unused posts to CQN because somebody more articulate always gets there before me

  13. HEALTH WARNING.

     

     

    An outbreak of Listeria is being reported on CQN.

     

     

    DBBIA is being consulted as wespeak.

  14. Margaret McGill on

    A Tim is sitting at home when he hears a knock at the door.

     

    He opens the door and sees a slug on the porch. He picks

     

    up the slug and throws it as far as he can. Three years

     

    later, there’s a knock on the door. He opens it and sees the same slug.

     

    The slug says “Sevco 5088..got any lists?”

  15. Before I go, I have to say I loved the :

     

    1. Graffiti;

     

    2. Irony;

     

    3. Lists.

     

    post. That realy was a beauty ( I also like the toilet tennis one).

     

    Cheerio,

     

    JJ

  16. whitedoghunch on

    setting free the bears

     

     

    16:22 on 17 April, 2013

     

    I used to do work for them until they published my name

     

    which I insisted they did not as a condition of doing the work.

     

    still greeting with the shame!

  17. montreal_bhoy on

    LISTLOVERS

     

    MWD

     

    Oskar Schindler

     

    Dmitri Mendeleev

     

    Santa Claus

     

    schindler

     

    Moses

     

    Johannes Brahms

     

    TooDo

  18. Margaret McGill on

    10. Have you looked through her briefs?

     

     

    9. He’s one hard judge!

     

     

    8. Counselor, let’s do it in chambers.

     

     

    7. His lawyer withdrew at the last minute.

     

     

    6. Is it a penal offense?

     

     

    5. Better leave the handcuffs on.

     

     

    4. For 200 an hour, she better be good!

     

     

    3. Can you get him to drop his suit?

     

     

    2. The judge gave her the stiffest one he could.

     

     

    1. Think you can get me off?

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