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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Apologies for the bad language but it is true.
http://www.youtube.com/watch?v=yElEtgNe5SA
The Occultic practices of the Governing Bodies, I really don’t know how they sleep at night as I’m explaining to Clunks, are being brought out into the light.
Patience is indeed a virtue.
Paul 67
From Soccernomics. “As oil is to the oil industry so is stupidity to footnall”
The illusion depends on acceptin that loans that need not be repaid are simply not financial inducements to a player to sign.
The documemts that MUST be delivered as part of player registration to make a player eligible if not delivered do not make a player ineligible.
That £47M spent on players under above remit do not confer a sporting advantage.
It has all depended on the suspension of reality that is inexorable in asserting itself.
The SFA, some SPL clubs (not ours) and the msm have all played their part in trying to make an illusion real. They are fools, real is real and nothing else exists, it just takes time for reality to assert itself.
Now how do the SFA explain away any 5 way agreement and suspension of their club licencing rules that if applied would have stopped this fiasco in its tracks?
And I mean’t to say, excellent article Paul67, really good stuff AGAIN.
Tim Malone Will Tell @ 22:05
Is Craigy boy just trying to make sure that he’s got a good card school in the Bar-L ?
—-
:)))
“So, Davie, what other illegally obtained assets have ye goat that you can put on the table?”
Errrrrrzzzzzaaaaaa Friday Night CQN Article
Clinko
Charles said … specifically… he bought the history.. and no one would be taking it from him
che
22:04 on
12 April, 2013
Too late for that now….they are fiished…..they have broken evey rule in the game…….
Paul67
Where’s mrs 67s night out … Shirley no charlies ;)
The Great football Swindle reminds one of the Sex Pistols, of course.
And that reminds me of No Future.
Paul67,
See that G.O.D. you used to talk about, matters have gone way beyond that. Way beyond our wildest dreams. Let’s hope hordes of those stupid, stupid people end up where they deserve for their corruption of Scottish football: in the Bar-L ans the keys are thrown away. Bad cest to the lot of them.
Bsr
Was the times pink and the citizen green
PRESTONPANS BHOY.tie -break question if thats ok with you.
i think this was on last few weeks.
WHO DID CELTIC PLAY ON 19TH OCTOBER 1977.
I GOT A LUCKY PROGRAME OF THE GAME RIGHT HERE.
PS IF ANYONE SAVES THEM AND WANTS IT I MIGHT BE UP IN A FEW WEEKS AND YOU CAN HAVE IT FOR SMALL DONATION TOWARDS WEE OSCAR KNOX.
Che, Mrs 67 has left the boys alone for the evening. Channel changer and laptop without consequences…..
FAVOURITE UNCLE, thank you. It was a fun write.
Prince Albert, that works too but I meant Whyte’s plans.
67Heaven, indeed.
Weefra, take care.
DJBEE, it sure is.
the long wait is over, busted.
Auldheid, an excellent quote.
petec, cheers.
The Boy Jinky, I hope not!
Paul – IMO the Celtic board have been entirely correct in ignoring the panic calls for making a statement on the club/company currently operating in the bottom tier of the Scottish 3rd Division.
However, with the mounting evidence regarding the contentious issue of SFA & UEFA licences, there would appear to be an increasingly valid case for our club raising a motion of no confidence in the Scottish Football Association.
In your opinion, is this likely to happen?
T4
67
As they did before mate.
The rules were bent ignored removed to meet their needs then they will try to do so again I fear.
I hope, truly hope I’m being over cautious,
But…
Skyisalandfill
Email responded to.
Thanks Gretnabhoy for the tickets info.
SPF
Paul67
Who are the mighty Yett Farm playing 2morrow
TBJ
Ha – nicely done, and the DR and Sevco are still Whyte
Iki
The time is right to do it now
The greatest rock’n’roll swindle
The time is right to do it now
The Boy Jinky
22:11 on
12 April, 2013
and The Spirit of Arthur Lee
I’ll allow you in the final sprint and save me the effort of looking back however I call it a draw since you named the three teams and Spirit of Arthur Lee named them as well but included the deed ones…………..
Errrrrzzzzzzaaa Friday Night Paul67
Will the orcs buy into dead co three ….not sure
Will the players stay ..will they be daft enough to continue with Sally as manager
Many questions …..much fun to be had ,!
Channelislandcelt
Good stuff – still well played to the East Lothian fella. I can only think of one football question and it has nothing to do with Celtic!
H x 2
Jimbo
Paul
There’s always consequences, we males just don’t realise it until its too late.
Brilliant post.
I may even buy the papers tomorrow.
Paisley Pandergers?
Parkheadcumsalford, aye, the G.o.D. thing seems a bit modest now….
TTTT, I don’t think so. The SFA are a collection of the clubs and as we have seen, the clubs are a law unto themselves.
Right now we should be looking to form partnerships, let the angry people get angry.
SOAL, erm, can we do that off blog?
The Bhoy Jinky aka Rank Xerox
Well Played
Paul … gazza… gascoine up next on chatty man
Naw.. no mccoist. .. alan Carr
Whoda thunk it that gazza would turn out to be the most honest and sensible one to emerge from ibrox … with bummer broon in deed a close second
PP
Thanks for the Madness
buddy bear
Stupidity in itself is not something to be ashamed of. Stupidity down govan way has been recognised by the International Standards Board. Henceforth, stupidity will be measured on the Sevco Scale.
1 Sevco = painting your naked body in honey and fetching a grizzly a swift boot in the cream crackers;
2 Sevcos = believing that the MSM is fair and impartial
3 Sevcos = thinking that SDM is a businessman of integrity and impeccable virtue.
4 Sevcos = sinking your savings into a ‘can’t lose’ share offer
5 Sevcos = buying a season ticket in a third division outfit whilst everyone around you gets in for free.
Sevcoπ = the oldest young manager in the business
√Sevco = huns
No Problem
Just remove that post
A wee sympathetic song for those hurting.
http://www.youtube.com/watch?v=-HyPCe73fdw
Chortles Verdi – leads the board
Evening all,
Superb writing again Paul. Superb.
I had an idea that I was addicted to CQN before now, but I’ve been off work the last 2 weeks since I injured my knee playing footie – and ole CQN has kept me sane in that time!!
So thank you all for your excellent contributions, it’s a real pleasure to read you all.
Hail Hail
What does today’s date and 30th July 1966 have in common?
“Some people are on the pitch, they think its all over,
It is now!”
bazzabhoy
22:05 on 12 April, 2013
Tell you one thing, they won’t be able to play at ipox……
Paul
It’s good to see the psychology of the deal examined.
Of course, Whyte brought Green in as his man to front the deal through to fruition and Charlie’s subsequent explanations that Sevco 5088 played no part in the transfer would fool no one other than BFDJ and those who willfully suspend reality.
However, there are other possibilities to explain why Charlie departed from Craig’s master plan and tried to make a commercial go of it.
1) Greed :- The most obvious tactic to ascribe to it is Greed. He was a spiv getting his share and may have felt that his contracted split from Craigy did not adequately compensate. He may have felt that his amateurish switcheroo to Sevco Scotland was a masterplan and that Craigy would have to sod off with a miserly pay off because he had been swindled, and the only way to defeat the swindle was to bring the whole house down destroying everyone. Charlie may have gambled on Craigy being rational enough to accept a small pay off in lieu of the money he was due.
2) Legitimacy- Charlie, with his well honed BS style, may have felt that he had been so successful in his charm offensive, after a stumbling start, that he had the press and fans eating out of his hand. He may have started to BS himself into believing that Sevco could be a big name again quickly if Scottish football panicked about Armageddon and brought them quickly back up the leagues, reversing their original display of , erm, backbone. Thus the figures, which made no sense to any rational analysis, began to dance and convince Charlie they could be bigger and better than ever before. These people sure love a siege and he was the man to develop an induced loyalty and income by creating such a siege mentality.
3) Double-cross:- In this scenario, Craig is still the patsy, the man David Murray duped into fronting this doomed enterprise while he stayed aloof and let his media acolytes wash his stains away and portray him as the previous clean owner. David Murray may have introduced Craigy to Charles, to help him over his debarred status problems, but Charlie was already SDM’s inside man, hand picked to ensure the final baton change was back to Minty or Minty’s chosen friends. He was Minty’s agent, MIM 007, licensed to shill.
4) Smokescreening and muck spreading. If every owner is portrayed as having screwed over the poor helpless Sevco fan, the cry would go up to punish the bad guys but leave the club and its fans alone. With all of the patsies tied up in counter litigation processes, leaving Sevco hogtied for years, Scottish football would genuinely have to face up to the prospect of no Supremacist club playing, with the consequent departure of 40 to 50k customers. That scenario brings a lot of pressure to bear on others to find a solution and to find one quick, regardless of what the rules say. Threatening suicide can bring some leverage. the powers that be (and always will be), decide the only fair outcome is to allow a new blue club back into the top division as a kind of Victim Compensation Scheme.
5) Violence and Intimidation. Maybe Chuckie was intending to follow Craig’s plan but was persuaded otherwise by non-cerebral persuaders from Glasgow or Belfast, to think again. Whether these goons were acting for SDM or Craigy or, indeed, whether there are competing gangs, need not concern us. We all saw some unsavoury characters accompanying the bit part players during there negotiations last summer. Whether these guys are of the stature of Carlito Brigante or smaller fry Benny Blancos, they may all be tougher than a Yorkshire BS exponent.
So, for me, there are still too many bits that make no sense.
How could they expect this to be convincing?
How do they get the courts onside?
How do you avoid collateral damage to your inside agents at the SFA and in the media?
Why did they not all flee with their loot to non-extraditing countries at an earlier stage?
All these and more will slowly be revealed in the next episode of “Soap -What’s That?”