On the face of it, it’s just too crazy. Why would Craig Whyte become a director of Sevco 5088 Ltd, the vehicle his collaborator and Our New Hero, Charles Green, would use to buy the assets of Rangers from the administrators?
What options did he have?
He was, is, and for the foreseeable future, will be… the only show in town.
Whyte had controlling shares in Rangers and a security over Ibrox and other assets, as well as personal guarantees to Ticketus. If he wanted to realise the value of these assets, and protect himself from the consequences the Ticketus action which materialised this week, he was probably the only man at Ibrox last year you could guarantee would not, walk away.
Either Whyte had to find a 100% secure proxy to carry out his actions or he needed controlling interest in Sevco 5088, and Whyte is not a man who strikes me as having many strong trust bonds out there.
The Companies House form which STV produced (again, credit where it’s due) was always going to be fatal to Whyte’s plans, if produced, but it would have been no more than an insurance policy against Our New Hero going rogue.
The form hitting Companies House is not the moment you become a director in a company, that happens as soon as an offer is made and accepted. The company is obliged to inform Companies House within a short period (lazy journalism moment, I can’t be bothered looking it up), but failure to do so only incurs a small penalty fine.
Whyte and Earley were controlling directors and, in case Green reneged on their agreement, they would have documentary evidence to prove it. If Green had performed on demand, they may never have had to produce the document.
A number of possibilities could explain the fact that Green transferred the assets of Sevco 5088 to Sevco Scotland:
He thought that Whyte would be reluctant to incriminate himself further and would simple go away.
He thought he could transform the business and compensate Whyte with the proceeds.
He is simply not smart enough to know how these things operate.
Or he may have a subsequent agreement with Whyte terminating his involvement with Sevco 5088, although this contradicts his evidence to STV cameras earlier this week.
The weeks ahead are likely to be so busy it will be hard to retain focus on the critical path. Green has known for some days that he would have to go and replace himself with someone he can sell as a ‘true Rangers man’ to the most gullible people to walk on hind legs before season ticket renewal time, but even that date will seem a long way off.
Whyte will not budge until and unless his money is covered. We’re talking £18m to Ticketus and no doubt some more for his trouble. In playing the Sevco 5088 director registration form, his Doomsday Card, he has invalidated Newco’s associate membership of the SFA. He has called into question the fair and open disposal of assets by Duff and Phelps and the entire administration process. He even stayed quiet until Green flushed out a fair amount of supporter cash.
Some of the least trustworthy looking people in history, assisted by a supporting cast who were willing to bat away all concerns and warnings for a crumb or two from their table, have trashed every last inch of what we used to know as Rangers Football Club. This was not the act of Green, Whyte and Sir David Murray alone, many authors wrote this story.
On any measure of humanity, the monkeys, the organ grinders, the cheerleaders and their flunkies screwed the Rangers fan in the street to a ridiculous degree.
The next actions are for the stock market and some technically minded police officers as they try to figure out the Great Football Swindle.
At this side of the city we’ve been warning about exactly this link since Green told everyone Craig Whyte was happy to walk away for £2. It was astonishingly stupid for anyone to believe that. Really, really, really stupid. The most stupid thing a whole bunch of stupid people has ever done.
Ever.
Just stupid.
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4-3
Griffiths.
Maybe he is not garbage.
444444444444444444444 hibssssssssss Griffis would do for me.
KLV
Wow
That was ome goal from griffith. Like a feckin arrow!
Thomthethim
On cue he hits a pearler …:-))
Winner by Griffiths what a strike
Justice is done. Some goal.
Griffiths worth a risk for my money. Sort his head out could be a player.
Whooof!
What a finish by wee boulder heid
i sneevins theyv got four goals in them no three
If woods gets a 2 shot penalty then he has to be disqualified for signing incorrect scorecard.
If he isn’t given a 2 shot penalty then he’s a luck man.
There is no inbetween rule that allow a 2 shot penalty AND for him not to be disqualified.
No’ a bad player that Griffiths!
Brilliant from Griffiths.
One thing about him, he’s a trier, gives his all and ain’t afraid to miss
All GREEN FINAL????
Signing for a wrong score = disqualification. I am sure players who have been disqualified before will be speaking to lawyers. Absolute joke.
miku gone and hooper, get griffths in with JR. Both hard working forwards which is what we need like Tony Watt.
KLV
tommysbhoy
14:45 on 13 April, 2013
_______________________
Ageed and thanks M8
After all, if the German stadiums have
all got – Jungle’s…why can’t we ?
HH
Must be a pretty painful feeling being Falkirk fan right now.
Especially after that chance…
Lionroars
Not that different…however …I was commenting on his neddery and unpalatable persona
jude2005 is Neil Lennon \o/
14:59 on
13 April, 2013
All GREEN FINAL????
We dont have a Lee Griffiths………………………..who will score our goals
Ageed = Agreed
Blidy typo’s :(
Hibs goalkeeper saves the North Stand linesman after another horrific decision. Falkirk player at least 2 yards offside.
Another howler from Keevins???
Shocking from far side linesman. Gives offside when he didn’t see it and then ” didnae see” stonewall offside against Falkirk.
That trumpet linesman now plays on an obvious offside ….hopeless
He’s been called upon to make two decisions in extra time …he’s got both wrong
From BBC:
Masters 2013: Tiger Woods given two-shot Masters penalty
Tiger Woods has escaped disqualification from the Masters after instead being given a two-stroke penalty for an illegal drop.
The world number one said his drop at the 15th was “two yards away” from the original spot on Friday, which should have incurred a two-stroke penalty.
That would mean he had signed an incorrect scorecard, for which the penalty is usually disqualification.
Woods will start his third round on one under, five behind leader Jason Day.
4-3 FT Hibees
A game of 2 halves followed by 2 sixths!
MentalArithmeticCSC!
Armageddon is so much fun.
Like the big lad Doyle btw.
.
Rangers given 2 Pt Penalty for Moving the Club 3 Divisions..
Summa of GolfCSC
Well done Hibs
This will be the Lee Griffiths who was in Kelvin Wilson’s back pocket last week.
….PFayr
15:00 on
13 April, 2013
Lionroars
Not that different…however …I was commenting on his neddery and unpalatable persona
Riordan was lazy on the pitch with a superstar attitude, we have a plethora of them at Celtic already, Griffiths gives everything no comparison on the pitch between the two
Well that game really is a contender for game of the season.
USPGA – disgusting decision.
No a bad way to spend yer Saturday afternoon. Well Done Hibs…
Griffiths worth a punt.
KLV
You’ve got to feel for Falkirk, but the best team won!