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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Way off topic but can anyone tell me when the first Hayshed (known to most of you as the Jungle) was put up. It’s just that my Dad was telling me the other day that his Dad used to put him up on the wall, as mine did me. That would have been in the late 1920s in my Dad’s case. I had thought it wasn’t built until the 30s.
Sun shining on Leith.
Paul67 et al
Hibees through. Let’s make it a Green and Final now!
My thots are with Gordhun Waddell just now!! Aye right!!!!!!!!
Well done Hibs but I’d rather be playing Falkirk, assuming we win tomorrow.
Not trying to cause a fight but
is Hibs name on the Cup ?
Even the mighty Glasgow Celtic will find it hard to better that semi final.
Hibs name on the trophy ? I certainly hope not!!!!
ElDiegoBhoy
15:03 on
13 April, 2013
This will be the Lee Griffiths who was in Kelvin Wilson’s back pocket last week.
McPake coped easily with Hooper and Stokes last week
Does anybody think Leigh Griffiths could lead Celtic’s line against the CL teams we will face next season..
Naw me neither if Hooper goes I will be looking for Celtic to sign someone as good as him and with the possibility to have a scoring like his..
Nedsrus sign for Sevco..
Lionroars
You may have gleaned I don’t agree with you on Griffiths…try as you might I continue to disagree
I don’t think he is a bad player …however he is an outrageous ned and would be a nightmare at CFC
It’s still a no from me on Griffiths. Big difference between playing against packed defences than teams who are coming out.
And he didn’t look too clever against our defence last time out.
But if we do get him, he’ll by my favourite player along with all the other Celtic players on the park.
Commiserations to the young Falkirk team, but I think it was their youth and inexperience that did for them in the end.
This armaggedon isnt so bad
Lionroars
We’re you at the game last week ?.
As for McPake bossing our strikers …I don’t agree …but even if he did …what is the relevance …
Griffiths would do for me but he’d need to change that hairstyle ;-)
celtic mac
15:04 on 13 April, 2013
You’re no invitin’ they 2, ur ye ? ……..LOL
This armageddons a goodin..did holt play for us ontrial against man u at old trafford..keans testimonial?
Parkheadcumsalford
15:04 on 13 April, 2013
______________________
I couldn’t answer yer question but….I remember being on the
wall-ledge at the back of the Jungle during the Real Madrid game
in 1980. That was scary stuff – holding onto a big green pipe that
ran the length of the wall while, in front of us….scores of white
hankies being held aloft as fans fainted due to the crushing.
HH
….PFayr
15:06 on
13 April, 2013
Lionroars
You may have gleaned I don’t agree with you on Griffiths…try as you might I continue to disagree
I don’t think he is a bad player …however he is an outrageous ned and would be a nightmare at CFC
Thats ok, Not totally convinced he would get the room and space at Celtic he gets and makes the most of with Hibs, so on that basis would i sign him for Celtic?? at a rumoured 150-200 grand he may be worth consideration
Mind The Bairns
Griffiths is Calamero….
I think this might be Hibs’ year.
I’d rather see Celtic win obviously but this season they’ve knocked out the team who humiliated them last year, they beat Aberdeen with a great Goalkeeping performance, they were behind at Killie and came back and then 3 down today and won AET.
With a resume like that it could be fate.
EIDiego
Griffiths is a player Wilson thinks he is. I got slaughtered 3 weeks ago on here for talking up Griffiths.
Is that him on 23 goals for the season.
….PFayr
15:08 on
13 April, 2013
Lionroars
We’re you at the game last week ?.
As for McPake bossing our strikers …I don’t agree …but even if he did …what is the relevance …
Season ticket holder, i certainly missed Hooper and Stokes running riot
Keevins ……hahahahahahahahahahahahahahahahahahahahahahaha
Sub titles needed for Griffith’s interview!! Ffs.
Crackin cup tie..glad i turned it on at 3:1..thot it was done..its a funny old game..take the same score tomorrow for the bhoys
25 goals. Stokes???
Definite no on Griffiths. In Stokes we already have a good SPL striker. We need a CL player to replace Hooper.
tommysbhoy
15:09 on 13 April, 2013
____________________
Yes – yer right M8.
And, you know what – I think the late TB(RIP)
made a mistake by getting rid of Holt, who went
on to be a Lion in the midfield for Killie while we
were left with – Peter the pointer. imo
HH
Griffiths is one ugly boy, i think we can all agree on that, Tweety Pie Heed.
KLV
Lionroars
If they ran riot ..do did I …but as for McPake having them in his pocket . ,a 3-0 and a plethora of missed chances may suggest otherwise
In any event …I still fail to see the relevance
67Heaven
It does have certain ringing sound to it. Lets make it happen.
So the rules of golf don’t apply equally to all players? And we are always told what a sporting game it is too.
Griffiths has attitude Stokes used to have attitude!!
Just watched the 2nd. half of the Hibs/Falkirk match…..great stuff. I hope we do the job tomorrow and play Hibs in the final.
Leigh Griffiths was literally awesome, an overused word, but he was inspirational and cool as ice in his determination to overcome that 3 goal deficit.
Anyway….brightened up the afternoon.
HH!
If we play to our capabilites we will win tomorrow & the final
But we must put the effort in
Gordon_J
ANY other player would have been DQ’d