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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TeT
he has a baronet given to him when his faither died….
his faither also had a baronet given him by the tory party…
wee according to wikipedia…o)
THE EXILED TIM
Sir not lord AKA PARASITE
http://www.spokeo.com/Mark+Thatcher+1
Ps thank you & others for GG link last night .
I enjoyed it even more than i imagined I would.
See Donald Findlay has come out and sad that this whole mess is because rangers were kicked out of the SPL and dumped into div 3, wow, who would have thunk it.
Reminiscent of the old adage (joseff gobells?) If you repeat a lie often enough eventually people will accept it as the truth – “its the same club” being a recent example.
Half a pound of tuppenny rice,
Half a pound of treacle.
That’s the way the money goes,
Pop! goes the weasel.
Up and down the City road,
In and out the Eagle,
That’s the way the money goes,
Pop! goes the weasel.
night night bhoys, love you all
hail hail the cetic glorious champions
Glasgow’s GREEN and WHYTE
Not sure if this has been commented on today but
A friend of mine is chairman of the motherwell fan group… the well society
Yesterday Motherwell decided to make him and another society member full directors of motherwell football club
Imho .. apart from the fact hes a great guy and an amazing football fan … its an amazing decision by motherwell.
Whats the chances of our club or others emulating this
Night CQN!
HAIL! HAIL!
Token
oops *celtic
miki67
I have never met you in person though I feel I know you so well. You are an inspiration to me and you’re strength of character is way in excess of anything I have.
You’re in my prayers. Take care.
YNWA
Winning captains
Done … but see a fellow cqnr cant count to one ;)
Donald Findlay didn’t fluff his lines then.
TBJ
I haven’t posted yet… o)
Anyone know the story about cup final tickets for season book holders?
tommysbhoy
Yip
Thanks bhoys.
Is Baron Thatcher entitled to anything from the state ?
Please tell me he gets some allowance, please >}
maleys bhoy
tickets will probably go to those who attended semi final and investers seats first I would imagine
TET,
I read that his ma created the hereditory title of Baronet for his da, so that he could be called a Cur, no, sorry , a Sir.
Got your reply. Good advice.
When I was over in Scotland last year, I hired an automatic. It was great for driving through the dog’s breakfast that is downtown Edinburgh.
Doc
I am missing it ;)
Bt
There’s a total blurt on it…. looks like a zombie
Scotpatsfan
Was told the same as you by the locals but took a chance and got away with it.
Looking at stadium plan it appears our part timers are staying at home still a lot of areas with tickets available, it would be disappointing if we can’t get well over the 50k mark
TeT
From earlier goodnight all
—————————————–
The Spirit of Arthur Lee
18:13 on 17 April, 2013
Maggie and her Lover
https://www.facebook.com/photo.php?fbid=10152767988480013&set=a.10150565169765013.668363.566060012&type=1&theater
Tet
The baronet title makes him a life peer at the lords.
It can’t be handed down.
Time they got shot of the lot of them.
jeez i thot blinker was pants
thanks..thot i’d ask,she was a customer of mine a few years back..lovely woman nice family
h.h
Token,
Enjoy your night with your lad at hoops
Btw where is shefield again
TET
From wiki again the picture gets muddy as to whether he is in or out of the peerage:-
“A baronetcy is the only hereditary honour which is not a peerage. A baronet is styled “Sir” like a knight (or “Dame” for a baronetess), but ranks above all knighthoods except for the Order of the Garter and, in Scotland, the Order of the Thistle. A baronetcy is not a knighthood and the recipient does not receive an accolade.”
I do note that he only scraped 3 O levels despite his advantages. And then we made his mammy Education Secretary. Go Figure!
One? word from Sevco fan on CQN FB page, re Craig Whyte
‘any bears fan fuking doo this imbecile……………………….'(Andy Burns)
Things never change, and that includes the spelling.
dharma bam \o/ stands up for neil lennon
22:49 on 17 April, 2013
Donald Findlay didn’t fluff his lines then.
%%%%%%%%%
Donald joins a long line of ‘telt yees!’ In attributing sevco’s demise to everyone else. His buffoonery masks the pain he feels in seeing the institution he loved being reduced to going cap in hand to nobodies in order to try and wring a few extra bomb out of the stupider sevcovians.
The ridiculously-bearded one probably burns with righteous indignation at the sight of a once gloriously dignified institution being fronted by a has-been scribbler and a self confessed utterer of racist epithets! He must yearn for the days when David Murray was the bringer of certainty in an unsure world, when Tim knew his place and when you could sing about being up to your knees in someone’s blood one day and mitigate for a miscreant accused of serious assault the next!
Poor Donald! He probably sees the day they changed the signing policy as the beginning of the end, O temporary o mores, as a better lawyer once said.
jude2005 is neil lennon \o/
LOL….!!!!!!!!
It’s so hard talking to complete idiots.
Brits who are a stupid as the sevconians, maggie was the greatest, and they are so easy to wind up, can’t reason with them.
I said that peoples lifes had been ripped apart by the pit closures, one came back with, they should have taken a leaf out of the Jews book, and built a new life for themselfs.
Stupid people.
Anways, have a quality post for them for the aniversary of Bobby’s death, Mrs TET has written it, it will really get them going.
leftclicktic
21:25 on
17 April, 2013
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”.
++++++++++++++++++++++++++++++++++++++
Encouraging as Paul’s sentimemts are I think the SFA must recognise that any attempt to bring about reconstruction HAS to be separated from the idea that it represents an opportunity to give The Rangers a leg up.
To that end the SFA should add to their statement saying
” Because of the discord the idea of a quicket return to the top tier by any other means than sportring merit by The Rangers is causing the reconstruction debate, and in the interests of building solid sustainable foundations from which all clubs can move, the SFA and league(s) agree that as a matter of principle, whatever construct emerges, The Rangers cannot enter the top tier other than by the sporting merit route any earlier than if there were no reconstruction and assuming straight promotions, this would be season 2016/17 at the earliest.”
Such a statement would at a stroke take the discord out of the debate and silence the msm whose motives are as self interested as all the clubs involved.
Then and only then can the SFA get involved.
setting free the bears @ 23:09
I take it one of the O levels was in gun running.
What were the other 2 in?
anyone know what page the link to George Galloway is on
sftb
And right on Q, just when I was getting my head around things >}
Was Mark Thatcher not implicated in an attempted coup in Africa or the Seychelles, geography was never my strong suit, that was foiled at last minute?
Ok guys, the invisibility cloak is back on. Yez had yer chance. :))) Night night Timland God bless you all.
Weefra HH
http://www.youtube.com/watch?v=SLbFWivsfFE
gordybhoy64
michael
forgery!!
TET,
good man,cheers
owen
4years suspended sentence in s.africa coup…plus tax dodger..millions in offshore accounts.
THE EXILED TIM @ 22:56 on 17 April, 2013
Is Baron Thatcher entitled to anything from the state ?
Yes. He gets £10m Bereavement Payment.
https://www.gov.uk/funeral-payments/overview