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Sevco 5088 claim ownership to Rangers Int assets

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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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  1. Che, I will pass on the recommendations, but I’m not the editor, what goes in isn’t up to me.

     

    Winning Captains seems to be a man of great discernment.

     

    No way they two are getting in.

  2. Dontbrattbakkinanger on

    Charles and Craig are turning into the Chris Huhne and Vikki Price of Scottish football.

     

     

    And we all kno how that panned out.

  3. 17th April.

     

     

    1909: After a 1-1 draw in a Scottish Cup final replay against Rangers, both sets of fans invade the pitch and start a riot. The cup is later withheld, and ends Celtic’s chances of a third successive double.

     

     

    1915: Brother Walfrid dies and is buried in Mount St.Micheal Cemetery in Dumfries.

     

     

    1950: Jock Weir scores a hat-trick as Celtic win 3-1 against Dundee at Dens Park to ensure their survival in the First Division.

  4. 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/Boot Bhoy, MattE, Mrs Matte, Miss Matte, Dim Sam,

     

    DougC, DougC Jnr, Timabhouy, thebhoyfromu.n.c.l.e, Mic1888, prince

     

    albert_kidd of hamilton,

     

    Señor Pablo Diablo, Mearns 2 Milton, The Sooside Bhoys, ASonOfDan.

     

     

    And a tremendous demo it was too, enjoyed walking back to Celtic park as well, if truth be told I ducked in to the Drovers for a couple…

  5. starry plough

     

     

    I visited the shrine of the Black Madonna of Czestochowa. Queen of Poland a few years back. You will not regret a visit to it. The hotel at the foot of the hill leading up to the shrine was a very good one indeed.

  6. weet weet weet on

    bada

     

     

    the last time i was over,a taxi driver said that temple bar was for the brits and yanks.

     

     

    a rip off

     

     

    HH

  7. connaire12

     

     

    Thanks Connaire 12, did you fly to Cracow??

     

     

    We have a beautiful shrine here in Switzerland to The Black Madonna in a place called Einsiedeln, also worth a visit…

  8. !!Bada Bing!! on

    Weet 3-It is mate,got some work here today killing time til flight back tonight, not as expensive as a few years ago.HH

  9. traditionalist88 on

    Bada

     

     

    Kearneys on Dame st 2 used to do 3.50 pints till 7pm Mon-Thurs 2mins from the Foggy Dew

     

     

    HH

  10. Hiro Nakamura on

    If there is a prima facie case here, just make sure Lord Nimmo Smith gets nowhere near the bench when it comes to court

  11. The more I see and hear Gorgeous George, the more I’m beginning to like him!

     

    I don’t agree with all of his politics, but I’ll say one thing about him, he has the courage of his convictions, and won’t lose many arguments.

     

     

    Well said Georgie Bhoy.

     

     

    HH

  12. Thanks for the reply’s re the FAC demo list/ rolls of honour.

     

     

    My youngest son Jonathan who is visiting from Perth Australia was also at the demo, he’s an occasional lurker and was dragged there as part of his educational experience :¬)

     

     

    If the list is still flying around? Can someone please add “Jonathan / son of Vmhan”

     

     

    Busy day at work = lazy B.

     

     

    Thanks

     

    V

  13. Mort,

     

     

    Thanks.

     

     

    Experience tells us that they are never on a straight path.

     

     

    Will any upcoming case be heard inEngland or Scotland?

  14. Baku/Black Isle Celt on

    The following is a quote from FF re. Prima Facie:

     

     

    “As I said on another thread re this. The SPL thought we had a “Prima facie case to answer”?

     

    That got them far, didn’t it?”

     

     

    I guess the news of a guilty verdict from LNS hasn’t reached them yet!

     

     

    MJM

  15. There’s a prima facie going down

     

    With Craigy bhoy and Chuckles de clown . Stool pidgeon ….

     

    Cha Cha Cha Cha !!!

  16. Doc re the list, I do hope you have a formal change management control process in place, otherwise your knackered :¬)

     

     

    Listless CSC

  17. Am I the only one adversely affected by read that list.

     

     

    It’s driving me nuts having to repeatedly scroll past it on my phone.

     

     

    Get a life Bhoys (:-)

     

     

    TT

  18. starry plough, I went with Tangney Tours which organises pilgrimages to various shrines. But we used Ryanair out of Prestwick and the Tour Operator organised the hotels. We stayed in Kracow for a few days on the way home. A wonderful city to visit also.

  19. bankiebhoy1

     

     

    14:44 on 17 April, 2013

     

     

    ..and who might play the cheekie Artful ” Podger”?

     

     

    ;)

     

     

    ——

     

     

    Surely it has to be Gregor Fisher in full Rab C guise (He’d have to lose a few pounds though!!!)

     

     

    “Shee yose timsh yer nuhin but a bunsh a bashteards, er ye are!!”

     

     

     

     

    HH

     

     

    Bishop B

  20. 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, 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/Boot Bhoy, MattE, Mrs Matte, Miss Matte, Dim Sam, DougC, DougC Jnr, Timabhouy, thebhoyfromu.n.c.l.e, Mic1888, prince albert_kidd of hamilton,

     

    Señor Pablo Diablo, Mearns 2 Milton, The Sooside Bhoys, ASonofDan,

  21. Prima Facia – an explanation for those of us who aren’t robbing barstewards – oops sorry I meant of the legal profession

     

     

    It is used in modern legal English to signify that on first examination, a matter appears to be self-evident from the facts. In common law jurisdictions, prima facie denotes evidence that – unless rebutted – would be sufficient to prove a particular proposition or fact.

     

    In most legal proceedings, one party has a burden of proof, which requires it to present prima facie evidence for all of the essential facts in its case. If they cannot, its claim may be dismissed without any need for a response by other parties.

     

    A prima facie case might not stand or fall on its own; if an opposing party introduces other evidence or asserts an affirmative defense it can only be reconciled with a full trial. Sometimes the introduction of prima facie evidence is informally called making a case or building a case.

     

     

    For example, in a trial under criminal law the prosecution has the burden of presenting prima facie evidence of each element of the crime charged against the defendant. In a murder case, this would include evidence that the victim was in fact dead, that the defendant’s act caused the death, and evidence that the defendant acted with malice aforethought. If no party introduces new evidence the case stands or falls just by the prima facie evidence or lack thereof..

     

     

    Prima facie evidence need not be conclusive or irrefutable: At this stage, evidence rebutting the case is not considered, only whether any party’s case has enough merit to take it to a full trial.

     

     

    In some jurisdictions such as the United Kingdom, the prosecution in a criminal trial must disclose all evidence to the defense. This includes the prima facie evidence.

     

     

    An aim of the doctrine of prima facie is to prevent litigants from bringing spurious charges which simply waste all other parties’ time.

     

     

    ThickasfeckCSC

  22. tomtheleedstim on

    borgo67 @ 14.12

     

     

    To accept everything we are told at face value without any kind of examination is the Hun way and it is why they are where they are.

     

     

    HH.

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