Quantcast

Sevco 5088 claim ownership to Rangers Int assets

970

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]

Click Here for Comments >
Share.

About Author

970 Comments
  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 26

  1. My boss is Peter Principle on

    leftclicktic

     

     

     

    12:48 on 17 April, 2013

     

     

     

    News not reached deadclub media yet :))

     

    I await their reaction

     

     

     

    The information has been on their snce 3.30pm yesterday. They are claimiing it nothing is legit an business as usual

     

     

    Here is just one respone

     

     

    chuck is plain saling and cw is a lying we c…t, cg has compiled a dossier and i believe he has handed this to strathclyde police, correct me if iam wrong, and iam sure these forged/fake documents will be involved, it does take ch along time to update their records 12-14months usually, and if a shelf company which 5088 is is then disolved it is dead a non trading entity

  2. Dead and Loving it on

    What a movie this is going to be,we could request a screening at Celtic park, Who would play our google eyed hero?

     

     

    Tis a pity that John Candy has passed, he could have been a great McCoist.

     

     

    I think there should be a place in the movie for the great peter baxendale walker, as himself,

     

     

    Think that is the only way they will get near a semi.

  3. methinks it might be easier to list the names of CQNrs who weren’t at the FAC meeting…..I’ll start the ball rolling…….31003….

  4. jimtim said:

     

     

    ” Whatever rangers want , rangers will get . ”

     

    So, “Rangers” wanted to be denied a CVA; wanted to be placed in liquidation; wanted to become a new club; wanted to be refused entry, as that new club, into the SPL;wanted to play in the Fourth tier and wanted ownership of the assets to be questioned? I could go on but you get the drift.

     

     

    Incidentally, I can understand why you would think they will always be looked after in Scotland but there is only so much The Establishment can do before realising that flogging the dead horse really is pointless.

     

     

    JJ

  5. Dead and Loving it

     

    12:57 on

     

    17 April, 2013

     

    Tis a pity that John Candy has passed, he could have been a

     

    great McCoist.

     

     

    I was thinking the wee guy that played Doberman in Sgt. Bilko. Harry Enfield could reprise his Yorkshireman character as Chuckles

  6. methinks it might be easier to list the names of CQNrs who weren’t at the FAC meeting…..I’ll start the ball rolling…….

     

    31003….

     

    Ah wisnae eithur….

  7. 31003

     

    13:01 on

     

    17 April, 2013

     

    methinks it might be easier to list the names of CQNrs who weren’t at the FAC meeting…..I’ll start the ball rolling…….

     

    31003….

     

    Ah wisnae eithur….

     

    MattE

  8. Just spoke to a pal of mine. Stuck one side of Ludgate Hill wanting to cross over to get to work. He’s in a queue to use the underpass.

     

    Being a contractor on an hourly rate eez no viry happy.

     

     

    If the funeral were this Saturday they could have used the security for the marathon, which is contracted for the weekend anyway. That would not have forced a crowd. It would also have meant more protesters.

     

     

    Rent-a-crowd.csc

  9. More premium faeces for the Hunchbacks.

     

     

    Everyday is Christmas with Green and Whyte

     

    ;o)

  10. My boss is Peter Principle on

    “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,

     

     

    I wouldn’t hold my breathe about High Court Judges and examining evidence… LNS had all the facts

  11. Dead and Loving it on

    Kayal33

     

    12:59 on

     

    17 April, 2013

     

     

    Another one that might be a good shout for our Ally would be William Shatner, somebody mentioned that on here the other day.

     

     

    He would need to bulk up a bit.

  12. What has become of the Director of Miscommunication at Ibrokes?

     

    How many bad news stories is that in the last fortnight and yet not one riposte, didnt he tell the world the rangers would no longer stand for anyone dragging the good name of the club down, no denials no rebuttals, nothing, nada, zilch…come on Jabba you know it makes sense, if its all made up lies lets be hearing from ye.

     

    Tick Tock.

  13. the long wait is over on

    Paul ,

     

     

    Interesting to note that the appointment of the two directors in May 2012 was not reported to Companies house until now , some 11 months after the event and after the statutory time limit of 14 days after the event.

     

     

    I’m sure that’s nothing more than administrative oversight. The idea that it could be someone wanting to be a “shadow” director anonymously in the background can be safely dismissed, can’t it?

     

     

    Tlwio

  14. 31003

     

    13:02 on

     

    17 April, 2013

     

    31003

     

    13:01 on

     

    17 April, 2013

     

    methinks it might be easier to list the names of CQNrs who weren’t at the FAC meeting…..I’ll start the ball rolling…….

     

    31003….

     

    Ah wisnae eithur….

     

    MattE

     

    Joey and Joey (SMBs 2 budgies) says when he shouts oan wan ae them they baith turn roon n he canny understand why.

     

    Towser (MattEs’ dug)

  15. Brattbakk ‏@Brattbakkk 37m @Pmacgiollabhain Phil where are those BDO chaps in all of this?

     

     

    Phil MacGiollaBhain Phil MacGiollaBhain ‏@Pmacgiollabhain 3m @Brattbakkk They are patiently working away…

     

     

    HH

     

    /Bishop B

  16. My boss is Peter Principle on

    leftclicktic

     

     

     

    13:01 on 17 April, 2013

     

     

     

    My boss is Peter Principle

     

    Thank you

     

    I thought that was old news

     

     

     

    I should add that they are discussing the actual document and not todays Stockmarket statement

     

     

    That little gem hasn’t been discussed

  17. theBHOYfromU.N.C.L.E on

    Doc

     

     

    FAC……….I was there in the skwerr

     

     

    Will also be part of FAC goes to Hollyrood on the 24th this month.

     

     

    Napoleonsolo csc

  18. Does this mean the shares could be worthless to the poor double duped sevcovians??

     

    Great article Paul67 ..i bet you cant wait for a well earned holiday when hms sevco hits the seabed..ohhhhhh happppeeeee daaaaayyyyssssss

     

    h.h

  19. ArranmoreBhoyLXV11 on

    HH

     

     

    And yet……The SFA and the SMSM have brassed it out for a yr plus, shouting down anyone over the age of 5 who can tell a charade when they see one…

     

     

    I may tune in to SSB, ” for the banter,the denial”

     

     

    JCGE

  20. My boss is Peter Principle on

    leftclicktic

     

     

    13:01 on 17 April, 2013

     

     

     

    The Gorilla has now entered the room of Deadclub Media :-)

  21. SmashingMilkBottles on

    31003

     

    13:02 on

     

    17 April, 2013

     

    31003

     

    13:01 on

     

    17 April, 2013

     

    methinks it might be easier to list the names of CQNrs who weren’t at the FAC meeting…..I’ll start the ball rolling…….

     

    31003….

     

    Ah wisnae eithur….

     

    MattE

     

    Joey and Joey (SMBs 2 budgies) says when he shouts oan wan ae them they baith turn roon n he canny understand why.

     

    Towser (MattEs’ dug)

     

    Margaret Thatcher

  22. jungle jim . bmcuw starry .

     

     

    whatever you think rangers f.c should be dead . had we committed the acts they did do you think we would have got the helping hand they have . do you think the governance of Scottish football would have dis regarded the rulebook in our favour , and I think they have done alright with regards the rulings did they get hammered for the tax hmrc . the ebts Lns. do they still play down govan way , do they still play in blue . do they still get tv coverage in the 3rd div . do they still get there gers friendly refs in the 3rd div . I think they have done alright .

  23. If anyone is interested Crolla Brothers are advertising for staff due to an unexpected seasonal increase in demand for ice cream and jelly.

  24. the long wait is over

     

     

    13:09 on 17 April, 2013

     

     

    More likely an insurance policy for Whyte, to be used only in extremis.

  25. South Of Tunis on

    Just seen a wee clip on Sicilian tele of the great and the good arriving at Thatcher’s funeral. Got my first sighting of Alex Salmond in @ 10 years. . Doesn’t seem to have been much austerity chez Salmond.

  26. Doc is Neil Lennon

     

     

     

    12:36 on 17 April, 2013

     

     

     

    I can confirm the following, Doc, Miss Doc, Cowiebhoy, MWD, Mini MWD, CelticRollerCoaster, Mrs CRC, CaityRollerCoaster, DeccyRollerCoaster, HamiltonTim, Minx1888, The Boy Jinky, Jobo Baldie plus mini, Roy Croppie, Ten men won the League, Palacio67, Mini Palacio67, KevJungle, EmbraMike, Neganon, OldTim67, FourGreenFields,FourGreenFields Jnr(16), FourGreenFields Jnr(10), Mouldy67, BJMac, VMhan, Che, VoguePunter, Gordon 64 and Willy O ,the bold Fenian Mhan (lurker), MightyTim, Iki, Praecepta, FanadPatriot, Johann Murdoch,

     

    Kilbowie Kelt, Sipsini, LostinBonnybridge, Frantic07, Mrs Frantic07,The Good Ship Celtica, Jungle Jim, Bamboo, Neganon2, Swatson neil lennons 6ft skinny twin, Gourockemeraldbhoy, Thebhoyfromoz and thebhoyfromoz jnr, Houl yer Wheest, BognorBhouyle, Tommysbhoy,

     

    The Red Telephone, Youssarian67, Stairheedrammy, Sipsini, Lennybhoy, Vale Bhoy,

     

    Troon Tim, Troon Tim Jnr, Leftclick, Mrs Mighty Tim, SeanyBhoy, SarahGhirl,

     

    The Belfast Belle, Tombhoy, Catman, EasterRdDave, LifeofBrian CSC,

     

    Setting Free the Bears, Fred C. Dobbs Jnr, St John Doyle, Mrs St John Doyle, CeltFish, Lionroars67, BigGeorgeFanClub, Wee BGFC, PrincessBGFC, Mrs BGFC, Senor Pablo Diabo, Fordon, The Melvin Gael, Celtic1member1vote, Big Swee Paul, the Lurker

     

    and me mic1888

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 26