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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leftclicktic –
Had a look at the online booking facility and there don’t appear to be many seats left so good luck!
https://www.eticketing.co.uk/celtic/details/event.aspx?itemref=6141
Jobo
If you go to the roundabout on the Glen Road take a left over the bridge, take a left after 200 yards (other side of the bridge) and carry on past the new houses for 500 yards, take a left towards the older houses (The Oval) drive round the Oval, up the hill and take a right, this is the road which leads to Bhoystown. Both ways work but the first option is best. Hope you and the Bhoy enjoy the evening.
SOAL,
as you well know, my boots are very big ones to fill……..
;-)
HAIL! HAIL!
Token
Celtic V DundeeUtd at Hampden.
Did anyone else notice that a lot of the streets around Hampden had temporary no parking signs put up?
Where we park one of the residents came out and told us our car would be lifted or given a ticket.
It applied only on the Sat and Sun for the semis.
Does anyone know of anyone that this happened too or was it just a scare story?
We ended up parking miles away because of it.
SPF
TT
Katanga
view,
I think I’ll go with the first option.
Seems easier.
have to admit that Im looking forward to it too.
Thanks again.
HAIL! HAIL!
Token
With my youngish complection I may just have got away with childs ticket its the Grey hair and 6ft 5″ frame that gives me away.
Thank you for all the replies I will phone TO in the morn and head in.
TTT
he said boots not shorts..
The Token Tim
Nae bother, gave a great night.
BT
FFS
scotpatsfan
22:07 on
17 April, 2013
Celtic V DundeeUtd at Hampden.
Did anyone else notice that a lot of the streets around Hampden had temporary no parking signs put up?
Where we park one of the residents came out and told us our car would be lifted or given a ticket.
It applied only on the Sat and Sun for the semis.
Does anyone know of anyone that this happened too or was it just a scare story?
We ended up parking miles away because of it.
SPF
Floridaghirl is familiar with the area. You now need permit of some sort or other. Better asking her.
Scotspats
Can’t vouch for now but i grew up in several houses round hampden and there was always restrictions on parking.
et tu BT???
But funny though……..
.
.
.
.
.
.
even though glass houses and stones springs to mind!
;-)
HAIL! HAIL!
Token
scotpatsfan
Driving into ground on sunday seen wardens with ticket books out. so some people would have had a fine waiting on them.
Ps they looked happy at their job
Can I Have Raspberry On That Champions League Ice Cream @ 22:14 on 17 April, 2013
There are new resident parking permits for many of the streets. It didn’t just happen for the semis. The restrictions were in place for the Queens Park v Sevco fc match the previous weekend. They are getting ready for the commonwealth games.
scotpatsfan
22:07 on17 April, 2013
It’s been like that for a while, they also do it when concerts are on and will get your car lifted at the blink of an eye.
They were ticketing cars well into Kings Park around the Beechwood/Montford/Curtis Avenue areas as well, wonder if that was done on the Saturday as well?
Raymac
21:21 on
17 April, 2013
I was just thinking sick note looks a lot stronger at Wigan!
TTT
have a look out for yon CB for the 16s and give us an unbiased opinion please…
Jude will confirm his abilities
Scotspatsfan,
I got a £30 ticket near Hampden so can confirm restrictions that are not usually in place were on Sunday.
RobinBhoy
ttt
And the prize bull!! It’ll do more damage than any pothole.lol Wrap up well thers some draft comes aff the Campsie Hills.
99% of all species that has ever lived is now extinct
Just think about that
Amazin eh?
Thats why their deid….it was just their time
B-)
Good night all
bt
He might only play half a game as he has played 3 full games in the last 2 weeks.
Donald Findlay tells Aberdeen, Hearts: stop bleating about Monday’s vote
Published on 17 April 2013 Cowdenbeath chairman Donald Findlay claims the “bleating” Scottish Premier League club chiefs who have attacked St Mirren and Ross County over the failed league reconstruction bid only have themselves to blame. Plans to introduce a new 12-12-18 set-up under one league body were shot down on Monday when Buddies chairman Stewart Gilmour and his Staggies counterpart Roy MacGregor both voted no. That drew stinging rebukes from Hearts chief executive David Southern and Aberdeen chairman Stewart Milne, with Gilmour in particular picked out for criticism. But Blue Brazil chief Findlay – a former Rangers vice-chairman – says those attacks are the actions of desperate men now releasing that their decision to refuse the Ibrox club re-entry to the SPL after they were reformed as a newco last summer has proved costly. Findlay – who resigned his boardroom role at Rangers in 1999 after being filmed singing a controversial anthem – said: “What I find ironic is the hysterical reaction of certain Premier League chairmen who kicked Rangers out of the SPL for whatever reason. “Suddenly they have realised they have made a big mistake and now want them back in (the same league body) as quickly as possible – but they haven’t got their way. “Well hell mend you, you shouldn’t have kicked them out in the first place. “It’s far too easy to blame the likes of St Mirren and Ross County for what they have done. Of course it is. The problem with the Premier League is that the people who should make themselves out to be the scapegoats are the ones who kicked Rangers out. “What we are seeing now is a fit of pique. They think everybody else should just behave like a bunch of nodding dogs. They are now not happy because some people have said no. “All this bleating that is going on is quite comical.” The league reconstruction bid would have seen the SPL merge with the Scottish Football League’s three divisions and reformed in a new three-tier set-up. A fairer share of income and the introduction of play-offs were also promised. But those hopes have now been sunk after the SPL clubs failed to reach the minimum 11-1 majority to proceed. Hamilton chairman Les Gray has called a meeting of the 10 Irn-Bru First Division clubs – including Cowdenbeath – on Monday with the prospect of an SPL2 expected to be on the agenda, although SFL chief executive David Longmuir insists there is no plans for a “breakaway”. Findlay will attend the second-tier get-together but is adamant that Cowden are “not interested” in joining SPL2 and claims the club favours a 42-club solution. And he was similarly outspoken on the 12-12-18 plans, which several club chairmen have insisted had to be brought in to stave off financial disaster. “I have never thought that simply tinkering with the league structure was the answer,” he said. “All this stuff about having two leagues of 12 and then they split at midnight or whatever is definitely not the answer. “Clubs only go out of business because they are not being run properly. It’s as simple as that. If you run your club in the right way and live within their means, your club will not be going out of business. “You can do what Cowdenbeath does, and that is live within your means – and we do not have a single penny of debt – or you get the right people in charge of the game, which we don’t, to make sure we have a structure which means every club gets a fair share of the income so the smaller clubs get the chance to develop its own players and improve the quality of the product. “That would mean, however, that the big clubs would have to live within their means, which they currently seem incapable of doing.” And Findlay suggested the time was now up for Scottish Football Association chief executive Stewart Regan and Neil Doncaster, his opposite number at the SPL. He said: “I would pose the following questions, under the stewardship of Mr Regan and Mr Doncaster has the game improved? Has the product improved? Have the crowds improved?Has the income improved? Has the sponsorship improved?”If the answer is as obvious as it is, then those who organise the game – namely the club chairman – ought to ask if they haven’t done so, isn’t it time we brought in the men who will?” Third Division Stirling Albion’s operations director, Stuart Brown, believes the forthcoming meeting of the First Division clubs is “inappropriate” and claims the formation of an SPL 2 would be a retrograde step for the game in Scotland. He said: “There is an element of divisiveness about that meeting. If they have something to say then why not say it to the 30 clubs, rather than have a meeting that can only be described as unofficial. “I shudder to think what would happen if there was an SPL 2 . I hope the First Division chairmen see it as a non-starter. “It would be a real backward step for Scottish football.” Third Division Annan Athletic’s chairman Henry McClelland believes a solution can only come by involving all 42 clubs. “I don’t agree with the First Division clubs having the meeting, it looks as if they are trying to stitch something up,” he said. “I would be very disappointed in the First Division clubs if the purpose of the meeting was to try to form an SPL 2 but I don’t think that will be the case. “I believe all 42 clubs should get together with an arbitrator, someone like Henry McLeish (Scotland’s former First Minister), with maybe a couple of other independent people, to find a way forward.”
Mrs TET and I are having a wee disagreement.
Watching the GG vid last night, he said that Mark Thatcher was now a lord.
Mrs TET says he’s not.
Who is correct ???
………………………………………..
Aye Donald, about time you came out of the sewer, what took you so long ?
Seriously
I would rather read docs list than finlays pash
BT/Jude,
will defo keep an eye out and report back.
HAIL! HAIL!
Token
jude
flabba jabba
TBJ, I still have it and can repost it if you like.
I am winding up brits on another site, I want the correct info before I call him a parasitic, tax exile, gun running lord or just leave the lord bit oot >}
“Clubs only go out of business because they are not being run properly. It’s as simple as that. If you run your club in the right way and live within their means, your club will not be going out of business”.
Aye yer right there Donald.
Huns dont do IRONY :))
ScotPatsFan
22:07 on
17 April, 2013
Permit parking in the streets around hampden have been in place from before the olympics football at hampden.
I parked in my sisters drive in florida ave around 30m before KO and there were 2 wardens there just wiating on cars without permits.
Scotsfanpat,
I had the same for the St Mirren game.
Supposedly it is in response to residents complaints, although I not buy that, as the stadium was there before the residents.
It is a money making scheme/ indirect tax.
At the St Mirren game they literally booked hundreds of cars.
che and jeez I
does dr.noelle o’rourke still work from the beatson??
TET, Sir Mark Thatcher is 2nd Baronet, whatever that is, but he is a Sir, therefore a Lord.
Emergency post!
Any boozers in paisley open?
Over on the CQN Magazine Facebook page, we’ve just asked supporters to describe Craig Whyte in ONE word for a CQN Magazine feature. Feel free to nip over and post your word.