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.
[calameo code=0003901711b6a401a9e67 lang=en page=1 hidelinks=1 width=100% height=500]
970 Comments- Pages:
- «
- 1
- ...
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- ...
- 26
- »
67heaven
Maybe it is-the Green Dross Code!
Somebody needs to explain to the SFA that whilst they have a corrupted EBT recipient masonic ex hun at the helm their credibility within Scottish football is zero. C’mon big Pete, this is where you finally get the chance to be a hero.
miki67,radiotherapy is the best treatment in your case.I was to have both radiotherapy and chemo for after a gastrectomy and removal of spleen and various other bits. I was playing again, although weaker, at New Year’s Eve.They reckoned chemo was best in my case.6 months of it, and no fun, I can tell you.Radiotherapy will be lees weakening,altho you will be weak.Now, that was 26 years ago,27 this August.Keep the faith.
19:36 medtim
20:15 67Heaven … I am Neil Lennon..!!.. Ibrox belongs to the creditors
Totally agree. Using league reconstruction to fast track Sevco will kill the game off completely.
The current “who owns what” bhun fight between CG and CW should stop that happening. Surely even the SFA couldn’t make a case for including Sevco in the top or 2nd tie while all of the legal stuff is on going.
On second thoughts….
DonttrustthemaninchCSC
Paul 67.
You have mail.
Inter v Roma 1-2
Miki
If your treatment is in Glasgow there are one or two of us on here that frequent the Beatson for work matters, be only too glad to nip in and steal your sweeties.
HH
Che
I think Miki is down south, no? If not, I currently work in the Beatson, so any queries, get in touch or post them on here.
Miki67
Keep your chin up kiddo, you deserve all the luck going. Ktf YNWA.
Weefra HH
Just looked on deadclubmedia they think the SFA are offering to step in to push through reconstruction and and shaft them on behalf of the SPL & div 1 clubs.
I know I know
ttt
Replied
21:03 sipsini
Hadn’t read your post as I was typing my 21:11 post (slow one finger typing). Almost identical thoughts at the exact same time.
Spooky – have you been looking over my shoulder?
BigBrotherHouseCSC
I’m confident sevco are on the way out…..and the SFA know that…..they are simply trying to ‘pick up the pieces’ following a massive corruption scandal by one now deceased club
Inter v Roma 1-3 (2-5 on agg)
LiviBhoy & Burgas Hoops
Thanks for Manc info!
ManU goal confirmed offside…..
Raymac @ 21.09,
Was not aware of your history until now. Inspires hope for Miki67 at the very least. Hail hail & God Bless Miki67. Prayers said every day.
Watching Wigan and City. Is it me or are Wigan stronger without Heid in the team? Also,Maloney has looked a player all season. Wonderful what can happen when you get some protection from referees instead of being booted all over the park.
Jeez
Dunno where Miki lives,
You on the Wards or elsewhere?
Until they get to plan Z only then will the SFA run out of alternative plans for keeping any version of Rangers in business. As far as they are concerned they really are too big to fail.
Its seems Craigy Boy is taking the initiative and preparing litigation by making the first real move on his claim
So what do Sevco do next call his bluff and prepare similar litigation and defend their claim..
Or do a deal with their once feted and now anathema boss…
My moneys on a deal it suits them both in the long term
Of course Chuck and Sevco are still goners in this scenario
So Charlie Green was correct all along…
The Dallas Cowboys are offering to mediate?
Where is the leadership and moral authorarity? Is Scottish fitba run by a bunch of misguided Macbeths?
I dare do all that may become a man; Who dares do more is none.” Macbeth act 1
What an unmitigated farce these procrastinating, patronizing pimps have been allowed to produce…
No justice, no rationale, no dignity and no shame.
Significantly, on this day, they remind me of the arrogance of Thatchers cabinet during its final demise… and the majority of people finally witnessed its moral corruption eclipse its power.
Rant over.
67Heaven … I am Neil Lennon..!!.. Ibrox belongs to the creditors
21:18 on
17 April, 2013
I hope yer right……but the I fear the beast will
not go quietly……..they will try and bring the
whole house down.
Two statements from Paul that I have 100% confidence in .
Anything else and our game is finished, its is seriously ill just now but ANY attempt to give CHAOS fc a leg up would be the end.
“Some people have a belief that there will now be an invitation-only SPL II with Newco being invited. I can tell you with absolute certainty this will not happen. There will be no Newco in the second tier of Scottish football next season”.
“It’s too late to salvage Newco. Invitations to a newly formed second tier are a fantasy, but you can set your watch on a forthcoming media campaign backing the idea. We shall not be moved”.
Inter 2-3 – need 3 goals in last 10 mins to prevent an all Rome final.
PJBhoynyc
Hope all’s well with you and your family.
thindimebhoy
21:23 on 17 April, 2013
Agent Whyte can’t afford to do a deal……he’s being sued all over the place…LOL ……He needs the assets to pay everyone, but noone has told him BDO will have something to say about THAT …… Double LOL ….
troontim
21:18 on17 April, 2013
Lol. I don’t think many of us ever trusted the upper echelons of the sfa but they have excelled themselves with their protection of their ilk.
HH
EDB
All good sir. Spring has finally arrived.
Think they are confused by my mumbling rumblings about SFA.
Hop all is well with you and your ladies.
Off topic by a mile, but, my son came home from school today, and showed me the scary “coincidences” of the “Illuminati cards”. I Googled it, and was shocked to find cards depicting 9/11, The Pentagon on fire, and the most recent one, joggers being blown up. These cards were devised and printed in the mid 90’s, as a game, but some of the scenes depicted on these cards are scarily prophetic, including one which depicts the Democrats with a black man with a white woman, who (some people say), turned out to be Obama and Hilary Clinton!
The Twin Towers card is especially realistic, showing the 1st tower being hit in the middle, almost exactly a drawing of what actually happened!
Scary stuff, and all completely new to me!
‘Logically’ speaking
IMO there is no sensible reason for Celtic or any other team in the SPL to want an 8-8-8 unless it’s for Sevco to be in the top league.
Given that the crowds are dwindling to next to nothing why would Celtic or any other side want 4 games with other SPL outfits when the away support and TV viewing figures are appalling?
Rather than batting for Sevco might Charles Green have gone to St Mirren in a high profile manner to attempt to persuade Gilmour that if St Mirren don’t vote for the proposals Sevco are dead in the H2O.
Just a thought.
Was Celtic’s forthright statement on Sunday really all about getting 4 games a season v Ross County & ICT or Motherwell?
I am finding it fairly hard to believe tbh.
Perhaps Gilmour’s f and c was with regards to having cakes and hypocrisy and was not bigoted as some have indicated.
Is Gilmour actually a goodie?
googybhoy ♥ Celtic & Yorkbhoy
Thanks
Che
Naw, down in Level 0, fixing the machines/computers, they’ve come a long way since I first started, the targeting of tumours is so much more advanced these days.
67heaven … i am neil lennon..!!.. ibrox belongs to the creditors
21:30 on 17 April, 2013
It always had me thinking why would ticketus pursue whyte through the courts for money he obviously hasn’t got.
Unless along with brown they know who has the deeds!
What a year of hell Stan Petrov has went through . Stay strong Stan and keep up the good fight.
A superb Celtic player who gave us 7 great years, one who signed a new contract before leaving to give us a decent fee. An selfless act that deserves recognition.
Stan, I hope you live a long and fruitful life.
I wish you the best in your recovery .
Paul Slane…. All the best. Hope u can rediscover your career.
Miki 67…..loving your posts
God bless all
PJBhoynyc
Sadly not so well but won’t discuss here.
If you get back home we must meet up again.
Regards.
Looking for some help folks.
Been invited into Lennoxtown with my Bhoy for a tour tomorrow evening but am unsure of how to get there once at Lennoxtown area.
Can any of you advise best way to get there?
For info I’ll be coming from Carfin.
Thanks in advance.
HAIL! HAIL!
Token
Jeez
Is the water still pissing in everywhere!?!
Jonny
They cards tell you what the SFA will do next?
pggtips2
21:33 on
17 April, 2013
You talk some shoite at times, but you have excelled yourself tonight……