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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meant to say, I do of course know how to get to Lennoxtown, but more where to go from there as heard its not the most accessible or best signposted!
HAIL! HAIL!
Token
67heaven
for someone who talks shoite
i’ve been more right than wrong, much, much more…
pggtipps2
I’m sure Gilmour is in the pocket of Chuckles
TT
Drive
Love xx
what an unholy mess
the token tim
21:40 on
17 April, 2013
Follow the Yellowbrick Road …..and you’ll arrive at Paradise2…hehe
A Craig Whyte re takeover would put them into the wilderness for a decade but it would keep them alive just and of course there would be no ancient history to brag about
Always thought they needed a rebrand
Sevco was so oldco dressed as newco the only difference was where they played their football
pggtips2
21:42 on 17 April, 2013
Aye, right ….hahahahahahahaha
oh and illegal
I expected nothing less from SOAL, but you too 67 Heaven???
Sheesh!
:-)
HAIL! HAIL!
Token
EDB
Sorry to hear that.
May be over in the summer, and will give you a shout out.
Best
PJ
Che
Sadly, yes. I thought it was compulsory on new builds these days:) Were you involved?
See they are talking about tearing down the main Gartnavel General building as it is getting near the end of its useful life? And to think how old some parts of the Royal & Western are.
P.S. They are building a new satellite centre (Beatson) on the Monklands campus, if you haven’t heard the news to-day.
TTT
Straight through old lennoxtown village, complex is on left hand side, look out for the last remaining remnants of Lennox Castle. Honestly its not that hard to find.
Take your boots. :-)
stan article on the beeb
http://www.bbc.co.uk/sport/0/football/22184198
pggtips2
That has to be the strangest take on the recent events that I have read
Che,
muchos gracias senor!
HAIL! HAIL!
Token
Jeez
Not involved in the build but been in countless times, emailed our estates countless times, closed one room off for a period of time all trying to get some of the issues resolved.
Given my job title away yet?
Whers jabba these days? Has he choked on his flabbbbb??
Cowiebhoy – Thanks
TT
He says take your boots not to fill them
The Token Tim
You’ll probably come through Milton of Campsie into Lennoxtown, drive through Lennoxtown Main Street, past the Co-Op and take the first left down Station Rd, go 800 yards and take a right just over the hump back bridge, carry on this road for a mile or so, as you get to the top of the hill drive on down to the right, Bhoystown is on your left. I’ll gee you a wave fae the windae.
Is there tickets left for sunday heading to ticket office tomorrow.
View
All that info and you never mentioned “the dug”?
What are sevco2 going to do about the fair play regulations next season in Junior Football .. and with no stadium……? ….oh, no, wait…..they’ll be OK…..it won’t apply in Junior Football…
leftclicktic –
tickets available at the ground and also some of the official shops.
http://celticfc.net/tickets_home
Che
I’ll need to get my thinking cap on for that one:)
Keep well clear of the dug, you might get bit
jude2005 is neil lennon \o/
21:50 on
17 April, 2013
He’s on holiday in France…..having succulent lamb with DM
TTT
The 16’s play an American team there 2 morro night. KO abt 6ish maybe.
Watch the potholes they are everywhere!!
viewfaethewindae,
was hoping you’d be about!
Thats perfect mate, thanks.
Looked on google maps and wasnt sure if that was best route or heading all the way through town to a roundabout at Glen Road and then taking a left……but couldnt make out if the road ran all way round to Bhoystown!
Thanks again for the info. Very much appreciated.
Wee fhella is up stairs hyper after I told him tonight.
I knew he’d be too excited to sleep for a while.
HAIL! HAIL!
Token
Jobo Baldie
Thank you .
I will head into TO tomorrow .
Local shop (coatbridge) usually have JS upper ,and I mean upper TOP 2 rows.
Should issue you with an ice pick and rope along with ticket :))
Again thank you for reply
67H
Poor lamb!!
leftclicktic
21:52
If it helps, Can I have a raspberry has been offering two under 13s tickets for a few days, free to a good home. I’m surprised no one has said yes to his very kind offer.
the token tim
21:46 on
17 April, 2013
Hahahahahahahaha……
Leftclick, sold out in many areas of the North stand, limited in the rest.
Get in early.
Jude,
been told there was a youths game on and we can see 2nd half after the tour, but didnt know who we were playing.
Will watch out for the potholes ;-)
HAIL! HAIL!
Token
leftclicktic
21:52 on 17 April, 2013
Is there tickets left for sunday heading to ticket office tomorrow.
I have a couple of kids tickets for section 102. The kids are not included and there free
Celtic_First
If I was40yr younger and had a pal :)) I would have bit his hand off for them.
Like others suprised he has not been taken up on his fantastic gesture .