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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I am just back from a work thing in MK Dons stadium, would put nearly all SPL stadiums to shame, was well impressed. I mean MK Dons who are they?
tommysbhoy
Thanks. I should really Google this stuff but I’m too much of a Luddite :-)
Mark Thatcher seems to spend a lot of his time in Africa.
Lots of arms to trade there these days.
Just like his Da before him, the bould Denis owned a company, can’t recall the name offhand, but they were the wolrds largest producer of the defoliant called Agent Orange, or Napalm to give it the name it is better known by.
Lovely peepil so they are.
That date in my previous post is a year too late. Should read 2015/16. Apols
SFL3 2012/13
SFL2 2013/14
SFL1 2014/2015
SPL 2015/2016
Michael
I forgot about that >}
In fairness to him, he paid for the flowers, I think, well maybe not then……
Auldheid @ 23:35
Of course the predicate is that they fulfill all licencing requirements such as audited financial results.
If the requirements are to be fulfilled then I think 2016/2017 would be optimistic.
Simon Mann: ‘Mark Thatcher Betrayed Me And I Cannot Forgive Him’
http://www.huffingtonpost.co.uk/2011/11/14/simon-mann-mark-thatcher-betrayed-me-and-i-can-not-forgive-him_n_1092068.html
Maybe he thought it was the other Mr T who was organising the coup.
Hey, sucka!
Auldheid
You got home safely I take it ?
Suggestions for our best left back from the 1980s please?
winning captains @ 23:42
Late in 1980’s and mostly the 90’s but:
Dariusz Wdowczyk
Pogmathonyahun aka Laird of the Smiles
You should have seen what we have had to delete, vile people. Amazing how many females that used the c word. Horribles.
DJBEE
23:33 on 17 April, 2013
I am just back from a work thing in MK Dons stadium, would put nearly all SPL stadiums to shame, was well impressed. I mean MK Dons who are they?
dont think they own it, do they not use the National Hockey stadium?
Auldheid,
Good point. That would give the SFA a bit of credibiliy, not much, but a bit.
However, as long as CO is there, there will always be mistrust.
It appears I am out of touch MK moved from hockey stadium a few years ago….doh
THE EXILED TIM
23:41 on
17 April, 2013
Auldheid
You got home safely I take it ?
=======================
Aye, afraid so. Weather crap.
When we left you last Wed we got back to bus pick up no bother up a very steep hill behind the Alhambra. However when we got off back at Benalmadena we had great difficulty negotiating our way past the local bar.Thanks to you and Mrs TET for a very enjoyable day.
Our best left back was the same as our best right back in the 80’s, the one and only D F McG
thomthethim
It really is no a bother driving on the wrong side of the road, it takes all of two mins to get the head round it, but an auto really makes all the difference.
Mate is over just now for 3 weeks, a hire car, auto cost him 86 euros for the period, a tad more in the high season mind you, his first time also, he said that by the time he had driven a couple of miles it was like he had done it all his life.
If I remember, Ireland wouldn’t be the best place in the world t drive, too many with provisional licences.
Go for it.
HH
Didn’t expect those couple of George Galloway postsi from last night to generate so much interest,glad to see it though as he is one of the few politicians left to call it as it is.
Be a terr if Thatcher has to shovel coal on the fires down there!!
winning captains
23:46 on
17 April, 2013
————————
Yes that wasn’t lost on me. I stayed on the comments page for a while and could not believe how many huns were posting on the page. The most commonly used word being the one you’ve highlighted, that and threats of the old ultra violence a la ‘Clockwork Orange’
Doc Is Neil Lennon, proud to confirm I stood and marched with the Celtic family at the FAC rally. Craig White/Charles Green Abu!
Auldheid
Mrs TET was driving when we left you, too much of the vino for me I’m afraid, but we were on a one way system, took us not where we wanted to go, but she done well and found the right road.
Haste ye and your good lady back mi amigo.
Next time you need to see cave land.
HH
The latest response from my MSP – George Adam! Oh where to start on the response. talk about setting yourself up…..
Dear Paul
You may know that I have been a lifelong supporter of St Mirren and continue to attend all home games at St Mirren Park along with my wife Stacey.
As a football fan I have not felt at any point targeted by the new legislation.
In fact I have been a victim of sectarian abuse from a minority of both old firm fans. This has been going on since I can remember but I can tell you that this new legislation has removed this abuse, which as a St Mirren fan, indeed as any football fan, we should not be subjected to. Going to a football ground every other week I have personally seen a change in attitude by numerous supporters.
My wife Stacey, football fan and wheelchair user was disgustingly abused by a number of old firm fans, not for the first time, when we were on our way home after one particular match not that long ago before the introduction of the legislation. This has gone on for too long in football, if the minority refuse to change their ways legislation is sometimes necessary.
Once again I would advise you to contact the police if you have evidence of any police officer abusing their position. This is completely unacceptable and it is everyone’s responsibility to report such abuses.
Was in the stand at Broomfield years ago and the abuse Danny Mc Grain took from the “hun” invested stand was unbelievable. But there again it was!!!
TET
(and all Celtic supporters overseas who frequent CQN)
Some might remember I signed up for an Overseas Season Book last Aug which let me see all games on Celtic TV when out of the UK but allowed someone not able to afford to attend a game a seat in my place.I wrote about it here:
http://celticunderground.net/index.php?option=com_content&view=article&id=962:the-overseas-season-book-scheme-not-just-an-emotional-commitment&catid=49:season-2012-2013&Itemid=85
Under that scheme I get to attend up to 4 home games when home and have booked up to go this weekend. I later received the following letter from Celtic that reminded me that whilst I got the enjoyment of cheering on (or moaning at) the Bhoys from my winter hide away somebody got to do the same at the actual game. Being a Calton man myself I was pleased to see some of the folk/kids from my old stomping ground benefitted.
Dear Auldheid
On behalf of everyone at Celtic Charity, I would like to take this opportunity to thank you for the wonderful donation of your Overseas Ticket this season, 2012/2013.
Your generosity has allowed many disadvantaged people in the East End of Glasgow, and a little beyond, to come along to one of our fantastic home games and join the Celtic Family.
Below, you will find a list of organisations who have benefited from your ticket over the last season and I hope you agree that these are all very worthy causes:-
East End Kids & Co
The Pavilion Youth Cafe
With Kids
Parent Network Scotland
Hopscotch Charity
Calton Parents Support Group
The Arch Project
Street Soccer Scotland
Urban Stars
Fit for Life
Football Fans in Training
Celtic Active Fans
Gateway to Employment 18-24 and 25+
Summer Games Project
I have also attached a document which provides a little more detail about each of these groups and some feedback we have received. However, if you would like to discuss any of these beneficiaries further, please do not hesitate to contact me.
I do hope that you have also managed to utilise your Overseas Season Ticket on a personal basis during the year. If not, hopefully we will have the opportunity to welcome you to Celtic Park in season 2013/2014.
Many thanks again for your support and kindness. It has made a huge difference to many individuals who, otherwise, would have been unable to experience the joy of Celtic Park.
Hail Hail
Jane
Jane Maguire
Celtic Charity Manager
Celtic FC
Celtic Park, Glasgow, G40 3RE
Direct Tel: +44 (0)141 551 4262
Direct Fax: +44 (0)141 551 8106
NegAnon2 @00:10 “Oh where to start … ”
Start with the bit where he tells the truth.
T.E.T.
Agent Orange(defoliant) and napalm ( jellied petrolium) are different compounds.
Similar damage profile ,however.
Just heard Pat Lowries funeral is in St James’s on Saturday at 9.45 mass. Sorry if already posted. Great Celtic man famous for his green blazer. Was always a pleasure to chat with you.
R I P Pat.
Have many posters got around to reading gg’s book on Lenny…”Open Season”..well worth a look..I managed to get a signed copy from yer man.
Night all.
H H
macjay1 for Neil Lennon
Caught out again but I do know he owned the company that made the Agent Orange stuff, I remember reading about the railways use of it, and in the same artical, they mentioned that they mixed the stuff, to devastating effect.
Sort of a catch all thing, but, in my defence, I am attempting to remember from more than 40 years ago, ffs, I can;t remember what I did last week.
HH
TET,
thanks again for the George Galloway link,he disnae hold back,pity we don’t have more like him
Zman
Haven’t had the pleasure, never knew there was a book out about it.
Donde ?
Quality link btw, the ex pat brits didn’t take too kindly to it, oh the feckin joy >}}}}
gordybhoy64
It was zimmerman who posted it, so thank him.
HH
T.E.T.
Similar vintage as yourself,pal.
Sometimes I`m happy to forget what I did last week.
Didn`t know old “tincture” Denis was involved in the manufacture.
Mind you,his wife was a chemist.
:-)
Zimmerman,sorry pal,quality link,the bold George calls it as it is,ding dong
Ntassoolla – and what bit is the truth and what bit is where my SNP MSP betrays his own prejudices?
Gordybhoy 64,
You should check out you tube for a lot of gg’s stuff…some class vids there..all the way back to when he tore the American senate a new one.