Generic Sevco / Rangers meltdown thread

[greenlex]

Strong rumour in the Weege that a second administration is on the cards.

[marinello59]

Strong rumour in the Weege that a second administration is on the cards.

That would be superb. Aren't they cash rich after the share issue though?

[StevieC]

That would be superb. Aren't they cash rich after the share issue though?

Charles Green is cash rich after the share issue. :wink:

Maybe he's had enough of STV interviews and decided to take the money and run?

[marinello59]

Charles Green is cash rich after the share issue. :wink:

Maybe he's had enough of STV interviews and decided to take the money and run?

In a yellow three wheeler van.:greengrin

[greenginger]

Charles Green is cash rich after the share issue. :wink:

Maybe he's had enough of STV interviews and decided to take the money and run?


There was some kind of lock-in of the shares the Directors etc. got for 1 penny each. I don't think they can sell them until next December.

who Knows what they will be worth then ? A penny may'be. :greengrin

[CropleyWasGod]

Strong rumour in the Weege that a second administration is on the cards.

I would doubt it, TBH. The share issue should keep them going for a while. (Editor's Note:- this is based on the assumption that no lies have been told about the amount raised :rolleyes:)

That said, I am less sure about the coming season. The fact that there are obviously cost-cutting measures being taken says that CG has looked at the budget and gone "ouch".

[Andy74]

Strong rumour in the Weege that a second administration is on the cards.

Oh that's a shame.

[ballengeich]

Like CWG I reckon the share issue will keep them going for a while. The amount of money quoted in the interim accounts as being in the bank is sufficiently close to the amount raised to indicate that the timing of the issue was to stop them running out of cash by now.

There are rumours on another site that Cenkos who administered the issue are having hassle from the institutional investors. Awkward subjects like dividends, future share price and a CEO alleged to have made racist comments are likely to have featured. Perhaps these investors will want a change in company policies and maybe even senior personnel.

[Speedway]

Does anyone else find it ironic/curious that the downfall of the bluenoses is being orchestrated by 'Green & Whyte'?

[Onion]

Strong rumour in the Weege that a second administration is on the cards.

Docked points, more sanctions, no promotion.... all sounds good, all sound good :greengrin

[Lang Toun Hibs]

Does anyone else find it ironic/curious that the downfall of the bluenoses is being orchestrated by 'Green & Whyte'?

Get that chap from West Ham involved and the majority of 'football' fans from the west of Scotland would self combust!

[greenginger]

http://sport.stv.tv/football/221247-rangers-chief-charles-green-appointed-craig-whyte-to-sevco-5088/


Even more serious do do for Chuckie. He appointed Whyte as a director of Sevco 5088, as you would do to a guy you had never met before ! :greengrin

[Baldy]

Get that chap from West Ham involved and the majority of 'football' fans from the west of Scotland would self combust!

no need for him, it was Lex Gold who helped force them to where they are ..


Green, Whyte and Gold ruined Rangers .. you couldn't make it up

[Jack Hackett]

http://sport.stv.tv/football/221247-rangers-chief-charles-green-appointed-craig-whyte-to-sevco-5088/


Even more serious do do for Chuckie. He appointed Whyte as a director of Sevco 5088, as you would do to a guy you had never met before ! :greengrin

This is going to be as entertaining a summer as last years

[green glory]

I can't vouch for the following, but if true. Blinking Flip!


@timomouse: As for grapevine rumours, before trading opens on Monday, Rangers shares will be suspended and an announcement made to AIM

@timomouse: This will be regarding an MVL in which shares will pass immediately to a consortium headed by Walter Smith for a new newco.

@timomouse: However, they will not have deeds to Ibrox and Murray Park. The rest of season will be 3-0 defeats with newco starting in Paisley in SFL2

@timomouse: The Rangers Football Club Est 2012 will play their last ever game at Ibrox tomorrow.

[adhibs]

I can't vouch for the following, but if true. Blinking Flip!


@timomouse: As for grapevine rumours, before trading opens on Monday, Rangers shares will be suspended and an announcement made to AIM

@timomouse: This will be regarding an MVL in which shares will pass immediately to a consortium headed by Walter Smith for a new newco.

@timomouse: However, they will not have deeds to Ibrox and Murray Park. The rest of season will be 3-0 defeats with newco starting in Paisley in SFL2

@timomouse: The Rangers Football Club Est 2012 will play their last ever game at Ibrox tomorrow.

:thumbsup::thumbsup::thumbsup: Hope this is true

[CropleyWasGod]

I can't vouch for the following, but if true. Blinking Flip!


@timomouse: As for grapevine rumours, before trading opens on Monday, Rangers shares will be suspended and an announcement made to AIM

@timomouse: This will be regarding an MVL in which shares will pass immediately to a consortium headed by Walter Smith for a new newco.

@timomouse: However, they will not have deeds to Ibrox and Murray Park. The rest of season will be 3-0 defeats with newco starting in Paisley in SFL2

@timomouse: The Rangers Football Club Est 2012 will play their last ever game at Ibrox tomorrow.

Picking holes in that:-

If it's an MVL, I would've thought a liquidator would have to be appointed before the shares can go anywhere.

If TRFC owns the properties, (big IF I know), then buying the shares would buy them as well.

[Mr White]

Seems a bit too conveniently good to be true in an agentScotland kind of way.

[Jack Hackett]

The shares took a big knock today, finishing at 65.50p. Interesting that somebody bought 20k of them at the end of trading

http://www.lse.co.uk/ShareTrades.asp?shareprice=RFC&share=rangers_int

[Treadstone]

Jabba has been magnificent. Fire rages at start of week, leave it , bigger fire rages leave that as well. I feel a resignation and a blaming of others in the offing.

[Kato]

Green, Whyte and Gold ruined Rangers ..

Three cheers!!

[LeighLoyal]

Their greatest pain is still to come and I'm loving it!

[green glory]

There's a board meeting at Ibroke before the Clyde game tomorrow. I would love to be a fly on the wall there.

[ScottB]

There's a board meeting at Ibroke before the Clyde game tomorrow. I would love to be a fly on the wall there.

It's amazing that they've moved so quickly, their fans have been hurling such abuse from the stands for decades and I don't think they've had such a meeting yet :wink:

[green glory]

Could this be the 'vinegar strokes'?

[Spike Mandela]

Could this be the 'vinegar strokes'?

I've lived a sheltered life I'm afraid, I had to look that phrase up.:cb

[Jack Hackett]

I've lived a sheltered life I'm afraid, I had to look that phrase up.:cb

You are not alone :wink:

[HUTCHYHIBBY]

You are not alone :wink:

I usually am when they appear!

[Hibby70]

I usually am when they appear!

No you're not, God is watching.

[HUTCHYHIBBY]

That must be where the song "we shall overcome" originates from! :-o

[green glory]

That must be where the song "we shall overcome" originates from! :-o

Over who?

[pacorosssco]

first thatcher then rangers sevco whatever they see themselves as. mockery football sfa made have dong ding hypocrites corrupt butcher candlestick baker maker. exit left or right who cares. rangers fc killers of society

[Dashing Bob S]

Intetesting wording from Regan there - "we have to seek the facts". By implication I read into that "have to" that they might be obliged to but wish they didn't have to, for whatever reason.

Maybe just me though.

I can assure you GG, it's not just you. Vatican- pedo priests, BBC - Saville, spring to mind. The subtext: "We will try our level best to ignore this, just as long as you aren't caught, on camera, in front of a thousand witnesses, testicle-deep in sleazy corruption."

[HUTCHYHIBBY]

Over who?

Use your imagination!

[Just Alf]

Rangers International Football Club plc

(“Rangers”, the “Company” or the “Club”)

Response to Media Comments

The Company announces that it is commissioning an independent examination and report into matters raised in the media over recent days relating to allegations made by Craig Whyte, the previous owner of Rangers Football Club, concerning the Company’s Chief Executive, Charles Green and the Company’s Commercial Director, Imran Ahmad. Mr Green and Mr Ahmad strenuously deny any wrongdoing and lawyers have been instructed by the Company to address these allegations. However, the Directors believe that the review will help to ensure a swift conclusion to this issue. A further announcement will be made in due course.

For further information please contact:

Rangers International Football Club plc

Charles Green, CEO/ Brian Stockbridge, CFO


............ Did I read that right?

The contact for the independent investigation into Charles Green is...... errr..... Charles Green!

:rolleyes:

[EuanH78]

Rangers International Football Club plc

(“Rangers”, the “Company” or the “Club”)

Response to Media Comments

The Company announces that it is commissioning an independent examination and report into matters raised in the media over recent days relating to allegations made by Craig Whyte, the previous owner of Rangers Football Club, concerning the Company’s Chief Executive, Charles Green and the Company’s Commercial Director, Imran Ahmad. Mr Green and Mr Ahmad strenuously deny any wrongdoing and lawyers have been instructed by the Company to address these allegations. However, the Directors believe that the review will help to ensure a swift conclusion to this issue. A further announcement will be made in due course.

For further information please contact:

Rangers International Football Club plc

Charles Green, CEO/ Brian Stockbridge, CFO


............ Did I read that right?

The contact for the independent investigation into Charles Green is...... errr..... Charles Green!

:rolleyes:

You read correctly, It has been mentioned by a few on twitter. Been alluded to that there will be further damaging news mid week, also that the share price is falling. Shame eh? :greengrin

[Jack Hackett]

You read correctly, It has been mentioned by a few on twitter. Been alluded to that there will be further damaging news mid week, also that the share price is falling. Shame eh? :greengrin

Another big drop today, going down to 62p. There was also a large 50k share trade at the death with a selling price of 58p, which will be reflected in tomorrows opening price. People are cutting their losses and it's the wee emotional buyers (ie the knuckle dragging fans) I feel sorry for.....
















.....NOT! :lolrangers:

[CentreLine]

http://www.scotsman.com/business/media-and-leisure/david-murray-s-empire-losses-widen-to-97-million-1-2879812

This report makes interesting reading but I cannot understand why such an astute businessman as David Murray would ignore the fact that HMRC are taking the Rangers case to a second tier tribunal and also why Rangers were such a poor business case as to be worth only £1 when he sold them. It just doesn't ring true and looks more like an attempt to deflect blame.

[greenginger]

http://local.stv.tv/glasgow/221738-craig-whyte-agrees-to-sell-film-rights-to-story-of-rangers-collapse/

Craig Whyte selling the film rights to the story of Rangers collapse.

Evil Dead ? :greengrin

[s.a.m]

http://local.stv.tv/glasgow/221738-craig-whyte-agrees-to-sell-film-rights-to-story-of-rangers-collapse/

Craig Whyte selling the film rights to the story of Rangers collapse.

Evil Dead ? :greengrin

:greengrin

[ballengeich]

http://local.stv.tv/glasgow/221738-craig-whyte-agrees-to-sell-film-rights-to-story-of-rangers-collapse/

Craig Whyte selling the film rights to the story of Rangers collapse.

Evil Dead ? :greengrin

Sounds a great story. Let's hope for a sequel before too long.

[Dan Sarf]

http://local.stv.tv/glasgow/221738-craig-whyte-agrees-to-sell-film-rights-to-story-of-rangers-collapse/

Craig Whyte selling the film rights to the story of Rangers collapse.

Evil Dead ? :greengrin

A certain Oscar winner! Casting suggestions, please?

[EuanH78]

You read correctly, It has been mentioned by a few on twitter. Been alluded to that there will be further damaging news mid week, also that the share price is falling. Shame eh? :greengrin

Damaging midweek news as promised. Might have to copy/ paste link as on my phone

t.co/eJnDVII1aa (http://t.co/eJnDVII1aa)

[blindsummit]

A certain Oscar winner! Casting suggestions, please?

Unfotunately Marty Feldman is no longer with us, or he could have played Craigie. However as has been suggested before Christopher Macdonald would be a great choice.

[LeighLoyal]

Damaging midweek news as promised. Might have to copy/ paste link as on my phone

t.co/eJnDVII1aa (http://t.co/eJnDVII1aa)





Whyte's lawyers sound confident. Can't wait for the writ to land!

5088, be afraid huns, be very afriad.

[hibs0666]

Damaging midweek news as promised. Might have to copy/ paste link as on my phone

t.co/eJnDVII1aa (http://t.co/eJnDVII1aa)

Worthington is just another of Whyte's collection of shell companies - I'd be surprised if there's anything to see here except a bit of Whyte self-promotion.

[ano hibby]

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11552960

Announcement in full:

RNS Number: 5415C
Worthington Group Plc
17th April 2013
FOR IMMEDIATE RELEASE
Worthington Group Plc
Worthington Group Plc (the "Company") - Diversification

The Company has been looking at ways to diversify the Company's activities in order to develop additional growth opportunities. It currently has a property in Keighley and a 44% stake in Trimmings by Design Ltd. Whilst these interests have the potential to deliver reasonable medium term growth the Company has been looking at other potential investments which may yield above average growth.

The Company is now pleased to announce that, as the first step in the possible acquisition of Law Financial Ltd ("LFL"), it has agreed to acquire a 26% stake in LFL for £250,000 payable in unsecured convertible loan notes. The Company has also been granted an option to acquire the remaining share capital of LFL. The full acquisition would be subject to shareholder approval and compliance with any applicable Listing Rules.

LFL, a recently incorporated company, has a number of subsidiaries, namely Sevco 5088 Ltd, Law Capital Ltd, Litigation Capital Ltd and Media Litigation Ltd (LFL and its subsidiaries hereafter being referred to as the Law Financial Group). The eventual aggregate purchase price for 100% of LFL will be £1m in unsecured convertible loan notes plus 33.33% of the proceeds of any assets, claims or rights currently owned by LFG or transferred to LFG or Worthington pursuant to the agreement payable in non-convertible unsecured loan notes which may be redeemed for cash at the option of the holder at any time after six months of issue. The Company's option to acquire the balance of the share capital of LFL is exercisable until October 31st 2013.

The assets of Sevco 5088 Ltd include a claim, which has been independently reviewed by Leading Counsel who is also a Deputy High Court Judge, to all of the business and assets of RFC 2012 Plc which were purchased by Sevco 5088 Limited or Sevco Scotland Ltd from the administrators of RFC 2012 plc in June of 2012. Sevco Scotland Ltd was subsequently renamed The Rangers Football Club Limited and its share capital was acquired by Rangers International Football Club Plc, the shares of which are now traded on AIM. It is the position of Sevco 5088 Ltd that it is the rightful owner of the business and those assets. After examination of the evidence, Leading Counsel's advice is that there is a prima facie case to answer.

It has also been agreed that, pursuant to the agreement certain other related rights, assets and causes of action will be transferred to the Law Financial Group or directly to Worthington. Those assets include the Book, Film and Television rights to the two takeovers of The Rangers Football Club in 2011 and 2012 as it relates to Craig Whyte. It is intended that these rights will be commercialised in due course.
It is LFL's intention to enter the litigation funding and litigation funding broking markets. Litigation funding is a growing sector of the commercial litigation market and the Company is of the view that, in the years to come, the demand for litigation funding within the corporate sector can only increase.

The unsecured convertible loan notes issued as part of the consideration will only be convertible to the extent that the holder or those acting in concert do not exceed 29.9% of the voting capital of the Company.

The unsecured convertible loan notes will give the holder the right, at any time within 7 years, to convert each £1 of those loan notes into 20 new Ordinary fully paid shares in the Company, subject to shareholder approval. The Company will endeavour to obtain this approval within twelve months of the date of issue. If approval is not obtained within twelve months, then the holders may elect to be repaid in cash, or convert each £1 of the loan notes into 10 new Ordinary fully paid shares in the Company.

Douglas Ware, Chief Executive Officer of Worthington Group Plc, said:

"We believe that the transaction contemplated by this announcement gives the Company a major opportunity to increase shareholder value and thus to strengthen the Company's balance sheet, enabling the Company to look at additional opportunities as they arise."

Enquiries:
Douglas Ware, CEO Worthington Group Plc: dougware@worthingtongroupplc.co.uk
Anne Alesbury, PD Cosec Limited,
Company Secretary, Worthington Group plc on 0208 940 0963
17th April 2013

[CropleyWasGod]

Worthington is just another of Whyte's collection of shell companies - I'd be surprised if there's anything to see here except a bit of Whyte self-promotion.

You sure?

I have just had a look at their file at Companies House, and CW isn't mentioned anywhere.

[hibs0666]

You sure?

I have just had a look at their file at Companies House, and CW isn't mentioned anywhere.

Am I sure? I'm not sure of my first name these days. :wink:

I think that Liberty Capital is a shareholder in this company, but I may of course be off-beam. Worthington does not appear to be a trading entity as such, and turns over only a miniscule amount.

[CropleyWasGod]

Am I sure? I'm not sure of my first name these days. :wink:

I think that Liberty Capital is a shareholder in this company, but I may of course be off-beam. Worthington does not appear to be a trading entity as such, and turns over only a miniscule amount.

The two directors are, in a swift Googling, business associates of CW. Doesn't, of course, necessarily mean that he is involved here.

If I can have a Hibs.net whip round for £1, I can check out who the shareholders are. :greengrin

[CropleyWasGod]

Shareholders are, according to the Annual Return in August 2012:-

JC Dwek

Fitel Nominees Limited

Forest Nominees Limited

Barclayshare Nominees Limited.


However, the accounts for the year ended 31 July 2012 have some of the above, but also...ta da... Liberty Capital as having 7.6%

So... one of them is wrong, or else LC got rid of their shares during August 2012.


The company itself had a £45k turnover during 2012. Presumably from its property in Keighley.:rolleyes:

[Caversham Green]

The two directors are, in a swift Googling, business associates of CW. Doesn't, of course, necessarily mean that he is involved here.

If I can have a Hibs.net whip round for £1, I can check out who the shareholders are. :greengrin

It does have the feel of a Craigscam but unless I'm missing something, how could Sevco 5088 be a subsidiary of Law Financial?

[CropleyWasGod]

It does have the feel of a Craigscam but unless I'm missing something, how could Sevco 5088 be a subsidiary of Law Financial?

That had me thinking too.

It says that LF is "recently incorporated". :confused:

CH tell me that there is a proposal to strike off 5088. That can't be for late accounts, as none are due yet. It could only be an internal proposal. The 90 days is up.

Weirder still. CW was appointed director on 12 April, and resigned yesterday.

[LeighLoyal]

"The assets of Sevco 5088 Ltd include a claim, which has been independently reviewed by Leading Counsel who is also a Deputy High Court Judge, to all of the business and assets of RFC 2012 Plc which were purchased by Sevco 5088 Limited or Sevco Scotland Ltd from the administrators of RFC 2012 plc in June of 2012. Sevco Scotland Ltd was subsequently renamed The Rangers Football Club Limited and its share capital was acquired by Rangers International Football Club Plc, the shares of which are now traded on AIM. It is the position of Sevco 5088 Ltd that it is the rightful owner of the business and those assets. After examination of the evidence, Leading Counsel's advice is that there is a prima facie case to answer"


:thumbsup:



And the bad Sevco news predicted for today hasn't even been released yet.

[CropleyWasGod]

"The assets of Sevco 5088 Ltd include a claim, which has been independently reviewed by Leading Counsel who is also a Deputy High Court Judge, to all of the business and assets of RFC 2012 Plc which were purchased by Sevco 5088 Limited or Sevco Scotland Ltd from the administrators of RFC 2012 plc in June of 2012. Sevco Scotland Ltd was subsequently renamed The Rangers Football Club Limited and its share capital was acquired by Rangers International Football Club Plc, the shares of which are now traded on AIM. It is the position of Sevco 5088 Ltd that it is the rightful owner of the business and those assets. After examination of the evidence, Leading Counsel's advice is that there is a prima facie case to answer"


:thumbsup:



And the bad Sevco news predicted for today hasn't even been released yet.

So why would they have applied to have the company struck off?

And why would they be taking that stance, when Green is a director of 5088, and Whyte isn't?

Bizarre.

[Since90+2]

"The assets of Sevco 5088 Ltd include a claim, which has been independently reviewed by Leading Counsel who is also a Deputy High Court Judge, to all of the business and assets of RFC 2012 Plc which were purchased by Sevco 5088 Limited or Sevco Scotland Ltd from the administrators of RFC 2012 plc in June of 2012. Sevco Scotland Ltd was subsequently renamed The Rangers Football Club Limited and its share capital was acquired by Rangers International Football Club Plc, the shares of which are now traded on AIM. It is the position of Sevco 5088 Ltd that it is the rightful owner of the business and those assets. After examination of the evidence, Leading Counsel's advice is that there is a prima facie case to answer"


:thumbsup:



And the bad Sevco news predicted for today hasn't even been released yet.

Are you guessing or do you know something we dont :greengrin

[Caversham Green]

That had me thinking too.

It says that LF is "recently incorporated". :confused:

CH tell me that there is a proposal to strike off 5088. That can't be for late accounts, as none are due yet. It could only be an internal proposal. The 90 days is up.

Weirder still. CW was appointed director on 12 April, and resigned yesterday.

I've just got the documents from CH - I got Craigy's appointment and Aidan Earley's termination - both are dated 9 May 2012 the April dates are the dates they were lodged a CH.

I also got the appointments form for Law Financial - they were formed on 12 March 2013 and Craig Whyte is the only human director - there's also Gold Manson Ltd. I'll leave you to explain the implications of all that.

[CropleyWasGod]

I've just got the documents from CH - I got Craigy's appointment and Aidan Earley's termination - both are dated 9 May 2012 the April dates are the dates they were lodged a CH.

I also got the appointments form for Law Financial - they were formed on 12 March 2013 and Craig Whyte is the only human director - there's also Gold Manson Ltd. I'll leave you to explain the implications of all that.

Cheers for that.

So.... LFL could have bought the shares of 5088, hence Worthington's statement.

If so, Green is a director of 5088, Whyte isn't; but Whyte is a shareholder of 5088's owner. 5088 thinks it has a case against the curent Rangers. :confused:

And, if someone doesn't move sharpish, 5088 will be struck off.

Clear?

Oh, and CH doesn't have a Gold Manson Limited listed :greengrin

[LeighLoyal]

Are you guessing or do you know something we dont :greengrin



According to Phil Mac tweet Sevco are trying to put an embargo on whatever it is, so must be good!

[Caversham Green]

Cheers for that.

So.... LFL could have bought the shares of 5088, hence Worthington's statement.

If so, Green is a director of 5088, Whyte isn't; but Whyte is a shareholder of 5088's owner. 5088 thinks it has a case against the curent Rangers. :confused:

And, if someone doesn't move sharpish, 5088 will be struck off.

Clear?

On the appointment/resignation forms, the appointment one is handwritten and signed by what looks like Craig and Charlie (no, not the Reid twins) but the termination was submitted electronically. I reckon Craig got Charlie to sign the appointment form as insurance when the negotiations were taking place and Charlie has now terminated them as a reaction to Craig actually lodging the forms.

Doesn't explain why Worthingtons think Law Financial owns Sevco 5088 though.

[CropleyWasGod]

On the appointment/resignation forms, the appointment one is handwritten and signed by what looks like Craig and Charlie (no, not the Reid twins) but the termination was submitted electronically. I reckon Craig got Charlie to sign the appointment form as insurance when the negotiations were taking place and Charlie has now terminated them as a reaction to Craig actually lodging the forms.

Doesn't explain why Worthingtons think Law Financial owns Sevco 5088 though.

Is that, perhaps, the bit that they're actually fighting over? Despite what CH might say, CW says differently and that's why they're going to Court.

Since 5088 hasn't put in an Annual Return yet, we can't check that.

[Caversham Green]

Is that, perhaps, the bit that they're actually fighting over? Despite what CH might say, CW says differently and that's why they're going to Court.

Since 5088 hasn't put in an Annual Return yet, we can't check that.

Could be, but I thought the argument was about whether or not Sevco 5088 owned the assets of the late Rangers FC rather than who owned Sevco itself.

[CropleyWasGod]

Could be, but I thought the argument was about whether or not Sevco 5088 owned the assets of the late Rangers FC rather than who owned Sevco itself.

My head is hurting.

[Caversham Green]

My head is hurting.

Mine too. I wonder if the Worthington thing is just Craigy making a noise to bolster his claim.

[CropleyWasGod]

Mine too. I wonder if the Worthington thing is just Craigy making a noise to bolster his claim.

It's possible. Sabre-rattling, as Hibs0666 suggested. As I say, nobody can verify or deny that claim at CH.

On the striking-off application, I have another theory. I suspect "somebody" (likeliest is Green) has started that process... perhaps to cover tracks. The 90 days notice has expired, so "somebody else" (CW) must have lodged an objection.

[green glory]

Mine too. I wonder if the Worthington thing is just Craigy making a noise to bolster his claim.

He may just be looking for cash, especially so as he lost the Ticketus case.

Surely litigation, especially over ownership of the stadium etc could result in the gates being locked until it's sorted.

Not to mention the issue of Sevco's SFA license because of the lack of clarity/anomalies in the documentation regarding ownership of the club/company/assets.

Phil Mac is intimating the **** storm is only beginning, and I've learnt whatever you may think of his approach, he's on the ball.

[Treadstone]

Phil Mac is intimating the **** storm is only beginning, and I've learnt whatever you may think of his approach, he's on the ball.

Don't like the guy but you are right. Any whistle blowing Celtic fan in the know would make him their first port of call.

[CropleyWasGod]

He may just be looking for cash, especially so as he lost the Ticketus case.

Surely litigation, especially over ownership of the stadium etc could result in the gates being locked until it's sorted.

Not to mention the issue of Sevco's SFA license because of the lack of clarity/anomalies in the documentation regarding ownership of the club/company/assets.

Phil Mac is intimating the **** storm is only beginning, and I've learnt whatever you may think of his approach, he's on the ball.

Gonny just send an email to the SFA in those terms, GG?

You know you want to....:greengrin

[green glory]

Gonny just send an email to the SFA in those terms, GG?

You know you want to....:greengrin

I think it's already been taken care of by others. Remember Chuckie's tribute act weren't able to play any pre season friendlies because they couldn't get a license?

Fit and proper person? They're not even sure who they were meant to check out now!

[EuanH78]

He may just be looking for cash, especially so as he lost the Ticketus case.

Surely litigation, especially over ownership of the stadium etc could result in the gates being locked until it's sorted.

Not to mention the issue of Sevco's SFA license because of the lack of clarity/anomalies in the documentation regarding ownership of the club/company/assets.

Phil Mac is intimating the **** storm is only beginning, and I've learnt whatever you may think of his approach, he's on the ball.

That seems to be the talk on the webtubes. Wouldn't surprise me to be honest.

Also hearing that a suspension of the zombies shares is imminent. Hope so :greengrin

[green glory]

That seems to be the talk on the webtubes. Wouldn't surprise me to be honest.

Also hearing that a suspension of the zombies shares is imminent. Hope so :greengrin

We were all getting excited at the liquidation last season. Ideal scenario now is Mordor closed and rotting away while the court proceedings drag out over years. Sevco expelled from Scottish football, and the wailing of the orcs outside the 'big house' for our sexual gratification. (Would do it for me anyway). :-D

Vinegar strokes imminent?

[Jack Hackett]

We were all getting excited at the liquidation last season. Ideal scenario now is Mordor closed and rotting away while the court proceedings drag out over years. Sevco expelled from Scottish football, and the wailing of the orcs outside the 'big house' for our sexual gratification. (Would do it for me anyway). :-D

Vinegar strokes imminent?

Now that I know what that means, I'm certainly keeping the tissues in an accessible place :greengrin

[LeighLoyal]

We were all getting excited at the liquidation last season. Ideal scenario now is Mordor closed and rotting away while the court proceedings drag out over years. Sevco expelled from Scottish football, and the wailing of the orcs outside the 'big house' for our sexual gratification. (Would do it for me anyway). :-D

Vinegar strokes imminent?



I have a dream that the final scene in 'huns the motion picture' is one of a packed hunbrox with all the orc legions in full howl, but then it cuts suddenly to a tumbleweed strewn, derelict stadium with nothing but the wind faintly howling to the billy boys - the reality! A Celtic fan is walking his dog on the hallowed hun turf, laughing, until a zombie hand shoots up from the weeds and grabs his leg. I have a dream.

[green glory]

I have a dream that the final scene in 'huns the motion picture' is one of a packed hunbrox with all the orc legions in full howl, but then it cuts suddenly to a tumbleweed strewn, derelict stadium with nothing but the wind faintly howling to the billy boys - the reality! A Celtic fan is walking his dog on the hallowed hun turf, laughing, until a zombie hand shoots up from the weeds and grabs his leg. I have a dream.

I have a dream too.

A big Ibrox sized pile of rubble.

[grunt]

Chris McLaughlin ‏@BBCchrismclaug 2m (http://www.hibs.net/BBCchrismclaug/status/325231680392667136) BBC Scotland has learned Charles Green has indicated to #Rangers (http://www.hibs.net/search?q=%23Rangers&src=hash) board he will step down as CEO. More to follow. #BBCSport (http://www.hibs.net/search?q=%23BBCSport&src=hash)

[MrSmith]

Chris McLaughlin ‏@BBCchrismclaug2m (http://www.hibs.net/BBCchrismclaug/status/325231680392667136)BBC Scotland has learned Charles Green has indicated to #Rangers (http://www.hibs.net/search?q=%23Rangers&src=hash) board he will step down as CEO. More to follow. #BBCSport (http://www.hibs.net/search?q=%23BBCSport&src=hash)

That's been the McGhee's talk through here, in Glasgow, all week! The other part, is that green will be offski completely, next week.

[Saorsa]

That's been the McGhee's talk through here, in Glasgow, all week! The other part, is that green will be offski completely, next week.What a sad loss that will be tae Scottish fitba :agree: Wonder who the next despicable lowlife at the helm will be.

[Gus Fring]

I wonder how this affects them moving to the premier league and the tie up with the Dallas cowboys? :wink:

[JeMeSouviens]

That's been the McGhee's talk through here, in Glasgow, all week! The other part, is that green will be offski completely, next week.

Hopefully because Whyte's claim to the Hunnery might stand up rather than just on account of his big mouth!

So, with Green & Whyte gone, who'll be next? Lex Gold? Jason Orange? :greengrin

[Alex Trager]

Hopefully because Whyte's claim to the Hunnery might stand up rather than just on account of his big mouth!

So, with Green & Whyte gone, who'll be next? Lex Gold? Jason Orange? :greengrin

You need to ask why green has left though? Is a huge amount of rubbish about to unfold and they die again?!

[Saorsa]

You need to ask why green has left though? Is a huge amount of rubbish about to unfold and they die again?!:pray: :greengrin :thumbsup: That'll be the 2nd funniest thing ever only tae be beaten by the yams going pop. :agree:

[GreenCastle]

#together

"We don't do walking away"

"I won't leave until I hear Champions League music playing at Ibrox" - http://www.dailyrecord.co.uk/sport/football/football-news/rangers-chief-charles-green-i-wont-1497900
:blah:

:bye:

[Spike Mandela]

“@alextomo: Craig Whyte says he is "not surprised" at C Green relinquishing his role.”

[Stevie Reid]

Good riddance Green, you ****ing odious ****.

Didn't even try to hide how much of a pr!ck he was, and in the end it's cost him (though he is no doubt much wealthier for his time at Ibrox).

[Spike Mandela]

“@alextomo: I can't say more but it's clear the Whyte camp believes it owns Murray Park and Ibrox and intends making good on that claim.”

[Saorsa]

“@alextomo: I can't say more but it's clear the Whyte camp believes it owns Murray Park and Ibrox and intends making good on that claim.”I wonder what'll happen if Whyte wins :hmmm: What implications will that have for everything The Rangers have done this season. Run by people who may not actually own it? :hmmm:

[Andy74]

“@alextomo: I can't say more but it's clear the Whyte camp believes it owns Murray Park and Ibrox and intends making good on that claim.”

Oh I hope so.

[s.a.m]

STV News‏@STVNews2m (http://www.hibs.net/STVNews/status/325248277840805888)A holding of 50,000 shares were sold in Rangers International Football Club this afternoon by an unknown seller http://bit.ly/15mHjL7 (http://t.co/jne5eUGObq)


?

[Keith_M]

Green's resignation now reported in The Herald (http://www.heraldscotland.com/news/home-news/charles-green-to-quit-as-rangers-chief-exec.1366378408)

[blindsummit]

This is all part of the plan I'm afraid. The plan that was to allow rangers to shed their debt and remain a football club. Green has played his part in the orchestrated charade and will now get his payday. This was Minty's plan from the start and so far the only thing that has not gone according to plan has been SPL fans revolting and forcing their clubs to not allow the phoenix straight into the SPL.

next move will be to appoint a "real" Rangers man CEO (Sir Walter D'ebt that towering figure of business acumen), rake in the season ticket money and then taker their place in SPL2 or whatever re-org scheme ogilvie and co will cook up to benefit them.

Once again, only fan power will possibly stop that scheme.

[JeMeSouviens]

STV News‏@STVNews2m (http://www.hibs.net/STVNews/status/325248277840805888)A holding of 50,000 shares were sold in Rangers International Football Club this afternoon by an unknown seller http://bit.ly/15mHjL7 (http://t.co/jne5eUGObq)


?

Small beer. They were only sold at 70p or thereabouts, so this is 30 grand's worth. Chuckie will be in for millions if he can pull it off.

[1875er]

Breaking news on Sky Sports, Charles Green to resign as Rangers Chief Executive.

[s.a.m]

Small beer. They were only sold at 70p or thereabouts, so this is 30 grand's worth. Chuckie will be in for millions if he can pull it off.

:aok:

[WindyMiller]

I hear Elvis died!

[Pat 0-7]

http://www.picgifs.com/graphics/e/elvis/graphics-elvis-720296.gif

[Beefster]

Wait, what? Elvis is dead?

[CropleyWasGod]

This is all part of the plan I'm afraid. The plan that was to allow rangers to shed their debt and remain a football club. Green has played his part in the orchestrated charade and will now get his payday. This was Minty's plan from the start and so far the only thing that has not gone according to plan has been SPL fans revolting and forcing their clubs to not allow the phoenix straight into the SPL.

next move will be to appoint a "real" Rangers man CEO (Sir Walter D'ebt that towering figure of business acumen), rake in the season ticket money and then taker their place in SPL2 or whatever re-org scheme ogilvie and co will cook up to benefit them.

Once again, only fan power will possibly stop that scheme.

And they would have gotten away with it if it hadn't been for pesky:-

1. BDO and their investigation into the asset transfer.

2. Craig Whyte and his claim on the assets.

3. Campbell Ogilvie and the fact that he is nothing to do with the SPL or the SFL. :greengrin

Still a lot to play for. Courage.....

[down-the-slope]

I heard the joyous news on the way back home - the story that keeps on giving is keeping on giving....can we please have Whyte proving he still owns the assets...while the over paid loss making mess that is the football business fall apart as the diddled fans realise they have paid £20 million to win Div 3 :greengrin

[Since90+2]

Small beer. They were only sold at 70p or thereabouts, so this is 30 grand's worth. Chuckie will be in for millions if he can pull it off.

Will be interesting to see the price of the shares come December though...

[blindsummit]

Elvis will NEVER die!

[green glory]

So now we move into what may be the decisive phase of this whole hilarious business.

The courts will now have to decide who owns Ibrox and Murray Park, maybe Cav and CG can elucidate what the usual procedure is here while court proceedings are ongoing.

Will it involve a big blue padlock?

[WindyMiller]

So now we move into what may be the decisive phase of this whole hilarious business.

The courts will now have to decide who owns Ibrox and Murray Park, maybe Cav and CG can elucidate what the usual procedure is here while court proceedings are ongoing.

Will it involve a big blue padlock?


Hopefully with a heavy chain.


https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSRoDGwuLZmY32dulhb59haWAQG7lMSb 2sk9g8wqer33Ga2IRdF

[LeighLoyal]

I am getting quite excited they will die again, only this time no zombie tribute act will pop up. Sir Craig or BDO to plunge the stake into the zombie heart. Evil purged from the land! :thumbsup:

[Baldy Foghorn]

Good riddance Green, you ****ing odious ****.

Didn't even try to hide how much of a pr!ck he was, and in the end it's cost him (though he is no doubt much wealthier for his time at Ibrox).

I echo the above.....He was a total cretin, who only spoke to rabble rouse the hun hoardes, whilst showing a distinct lack of respect to every other club in the process......

[LeighLoyal]

Told the horde he wouldn't leave until Champions league music was being playing out at Mordor. :faf:

[Hibs Class]

I am getting quite excited they will die again, only this time no zombie tribute act will pop up. Sir Craig or BDO to plunge the stake into the zombie heart. Evil purged from the land! :thumbsup:

Woild be nice, although likelier outcome would be that the next resurrection would be through buying another club (e.g. St Mirren), killing its identity and then rebranding it as newnewhuns.

[Killiehibbie]

I am getting quite excited they will die again, only this time no zombie tribute act will pop up. Sir Craig or BDO to plunge the stake into the zombie heart. Evil purged from the land! :thumbsup:
Have you not watched the films? Dracula gets done with the stake and zombies head need to severed :greengrin

[joe breezy]

:lolrangers::greengrin:greengrin:greengrin::smug:: giruy::giruy::lolrangers:

[Tynie01011973]

Woild be nice, although likelier outcome would be that the next resurrection would be through buying another club (e.g. St Mirren), killing its identity and then rebranding it as newnewhuns.

They can't do that though - the rule was changed after Clydebank was bought and renamed Airdrie United

:greengrin

[Keith_M]

They can't do that though - the rule was changed after Clydebank was bought and renamed Airdrie United

:greengrin


I'm sure they would change it back just in time.

[.Sean.]

i've really not been following this as much as i should've been.



Does Charles green not own the club? If he steps down I take it he's not relinquishing control of the club?



Maybe his 'paki friend' could take over :greengrin



Away back t'mill ya crooked hun *******.

[Hibernia Na Eir]

love the way the dirty Huns are dressing this up!
fact is, the truths about to be spilled and green is off before their loyal(ist) fans send in the lynch mob. He's running as scared as whyte did.
Didn't Green n Whyte do a great job ;)

[down-the-slope]

Told the horde he wouldn't leave until Champions league music was being playing out at Mordor. :faf:

Vlads not been seen at Tynie for ages.....has he just had a new mask on :tee hee:

[s.a.m]

Celtic Underground‏@celticrumours2h (http://www.hibs.net/celticrumours/status/325286210178277378)Green can sell his shares now. Locked in restriction on share sales ceases. He's out with the cash

Would this be right?

[CropleyWasGod]

i've really not been following this as much as i should've been.



Does Charles green not own the club? If he steps down I take it he's not relinquishing control of the club?



Maybe his 'paki friend' could take over :greengrin



Away back t'mill ya crooked hun *******.

He has shares in the club. In that respect, he is a part owner. He doesn't have control, though.

[HUTCHYHIBBY]

This is all part of the plan I'm afraid. The plan that was to allow rangers to shed their debt and remain a football club. Green has played his part in the orchestrated charade and will now get his payday. This was Minty's plan from the start and so far the only thing that has not gone according to plan has been SPL fans revolting and forcing their clubs to not allow the phoenix straight into the SPL.

next move will be to appoint a "real" Rangers man CEO (Sir Walter D'ebt that towering figure of business acumen), rake in the season ticket money and then taker their place in SPL2 or whatever re-org scheme ogilvie and co will cook up to benefit them.

Once again, only fan power will possibly stop that scheme.

He has spent mair time creating his escape route than Charles Bronson did in The Great Escape!

[CropleyWasGod]

So now we move into what may be the decisive phase of this whole hilarious business.

The courts will now have to decide who owns Ibrox and Murray Park, maybe Cav and CG can elucidate what the usual procedure is here while court proceedings are ongoing.

Will it involve a big blue padlock?

IMO, it's business as usual....usual, he says :rolleyes:

CW would probably need a Court order to force anything else.

BDO, though, will be watching keenly.

[lapsedhibee]

IMO, it's business as usual....usual, he says :rolleyes:

CW would probably need a Court order to force anything else.

BDO, though, will be watching keenly.

Being watched keenly doesn't seem like that much of a disincentive to misbehave.

Why has nothing yet been done about the sale of assets for tuppence and the subsequent valuation, a matter of weeks later, by the peeps who bought them for tuppence, of the same assets for much more than tuppence? Can't remember the exact figures but they could be 5 v 80m, summin like that. Doesn't it seem a bit like these scamsters are merrily ripping the pish out of the financial industry which is supposed to be overseeing them?

Or has something been done and just not yet reported?

[CropleyWasGod]

Being watched keenly doesn't seem like that much of a disincentive to misbehave.

Why has nothing yet been done about the sale of assets for tuppence and the subsequent valuation, a matter of weeks later, by the peeps who bought them for tuppence, of the same assets for much more than tuppence? Can't remember the exact figures but they could be 5 v 80m, summin like that. Doesn't it seem a bit like these scamsters are merrily ripping the pish out of the financial industry which is supposed to be overseeing them?

Or has something been done and just not yet reported?

Firstly, liquidations work slowly for the most part. IIRC the Airdrie one took 7 years. They also work quietly and out of public sight.

The latest development will slow things up even more. There would be little point in chasing one party on the assets transfer if it turned out they didn't actually own them.

[StevieC]

Firstly, liquidations work slowly for the most part. IIRC the Airdrie one took 7 years. They also work quietly and out of public sight.

The latest development will slow things up even more. There would be little point in chasing one party on the assets transfer if it turned out they didn't actually own them.

Do you think that the recent claims by CW, that CG was a front man for CW's purchase, make it more likely to pursue the idea that items were sold "on the cheap"?

[CropleyWasGod]

Do you think that the recent claims by CW, that CG was a front man for CW's purchase, make it more likely to pursue the idea that items were sold "on the cheap"?

I don't think it will make such a move more, or less, likely. One of BDO's jobs is to review the conduct of the administration, and the asset sale is of course a big part of that.

However, it may change the focus, and add another few questiosn to the long list that D&P will be asked. "Um... to whom did you sell the assets? Um..... are you sure?"

[down-the-slope]

http://www.bbc.co.uk/sport/0/football/22231324

Beeb sticking the boot in to Chuckie with a few of his 'classic' quotes.....:greengrin

[Spike Mandela]

Why is the BBC letting Paul Murray use Sportsound as his mouthpiece tonight? What is his relevance to anything in Scottish football now?:cb

[LeighLoyal]

Why is the BBC letting Paul Murray use Sportsound as his mouthpiece tonight? What is his relevance to anything in Scottish football now?:cb



Deluded hun night on BBC. :confused: Jabba still in charge :confused: An equally annoying tim now on spouting pish about missing the hun.

[Keith_M]

Maybe it's just me, and I know it's an overblown description (as usual), but the headline put a smile on my Face :greengrin


Ibrox Civil War (http://www.dailyrecord.co.uk/news/scottish-news/ibrox-civil-war-rangers-board-1846582)



Apologies in advance for directing to you the DR

[Seveno]

Extremely enjoyable reading, even if it is the DR.

[lapsedhibee]

"The soul of Rangers" :faf: as if that's something worthwhile, precious even.

[Just Alf]

Rangers Confirm Sevco 5088 Is Subsidiary of Rangers PLC so basically old Craigie boy was definitely closely involved!

http://scotslawthoughts.wordpress.com/2013/04/22/rangers-confirm-sevco-5088-is-subsidiary-of-rangers-plc-how-long-is-without-delay/

[neilmartinrocks]

:violin::boo hoo:heres hoping it's a short but vicious war with no survivors one either side then. And :na na: for guid measure.

[Just Alf]

also liked this wee list in the comments

Octopus control just over 30% ….. always have done
Octopus Investments are the parent company of Ticketus
Octopus are investors in the Zeus Capital
Zeus Capital provided ‘The Loan’ through Sevco 5088 to purchase the assets
Of the original £8.7m Loan, £200K was for the exclusivity rights
Of the original £8.7m Loan, £3m was D&P costs
£8.7m – £200K – £3m = £5,5m = costs of assets
Original down payment was £137.5K x 4 = £550K = 10%
CG originally asked CW for £500K ish, received £137.5K

not sure what that all adds up to but if correct it sounds painful :cb

[surreyhibbie]

"A Scottish businessman of impeccable standing".... STF maybe?

That would be too funny....:greengrin

[hibs0666]

Oh what a tangled web we weave,
When first we practise to deceive!

That's yer kultyur for the day ya bunch of dafties. :wink:

[Alex Trager]

You have to look at the reasons why they are after the Huns being in the SPL or SPL 2? Has anyone on here ever considered how bent the league is? They are after the rangers money for the TV deal. Peter lawell at the top of the whole thing is of the understanding if rangers aren't in the TV deal the SPL gets what? Half the money? Green told him or Doncaster they would not sell the TV deal again, after this season and the SPL are panicking. Big time. The league is so corrupt it is untrue.

[Alex Trager]

This is all part of the plan I'm afraid. The plan that was to allow rangers to shed their debt and remain a football club. Green has played his part in the orchestrated charade and will now get his payday. This was Minty's plan from the start and so far the only thing that has not gone according to plan has been SPL fans revolting and forcing their clubs to not allow the phoenix straight into the SPL.

next move will be to appoint a "real" Rangers man CEO (Sir Walter D'ebt that towering figure of business acumen), rake in the season ticket money and then taker their place in SPL2 or whatever re-org scheme ogilvie and co will cook up to benefit them.

Once again, only fan power will possibly stop that scheme.

Sorry my previous post was supposed to be under this quote

[jacomo]

It’s not just the club’s fans who must be able to trust the men in charge but also the football authorities, who may feel as if they have been misled once too often over the last two years.

There is a danger that anything less will reek of a cover-up and, at this particular stage, that’s the last thing Rangers need to stand accused of.

Which is why Smith and Murray have lined up a Scottish businessman of impeccable standing to carry out this work. It is the Record’s understanding they want him in position by the middle of this week with carte blanche to carry out whatever inquiries he sees fit.

Ah yes, Smith and Murray. Those two figures of impeccable standing themselves, who profited hugely from the tax avoidance regime of SDM and made misleading claims in public throughout this whole fiasco.

[jacomo]

Oh, and can't wait for Jim Traynor's next move - perhaps he'll resign in protest from his Rangers job, saying he always doubted Charles Green... in fact, it was him who exclusively revealed he was dodgy in the first place!

[McSwanky]

Ah yes, Smith and Murray. Those two figures of impeccable standing themselves, who profited hugely from the tax avoidance regime of SDM and made misleading claims in public throughout this whole fiasco.

Murray wasn't involved with the old Rangers was he?

[StevieC]

Green told him or Doncaster they would not sell the TV deal again, after this season and the SPL are panicking.

Is it Green/TRFC that sells? I thought the deal had to be struck with the SFL, and it's contractual that clubs adhere to whatever TV deal the league secures? I could be wrong though.

[jacomo]

Murray wasn't involved with the old Rangers was he?

Sorry maybe I am getting confused. This soap opera has too many characters and none of them are good guys!

[Jim44]

Where is The Rangers PR guru, Jim Traynor, these days? He is conspicuous by his absence and silence. You'ld have thought that the present state of the 'circus' would have offered a perfect sounding off platform for the great man.

[GordonHFC]

Is this the soap opera where David Murray creaks out of the shower after a couple of years absence and its all been a dream and he is still in charge or am I getting mixed up with him in the wizard of oz?

[JeMeSouviens]

You have to look at the reasons why they are after the Huns being in the SPL or SPL 2? Has anyone on here ever considered how bent the league is? They are after the rangers money for the TV deal. Peter lawell at the top of the whole thing is of the understanding if rangers aren't in the TV deal the SPL gets what? Half the money? Green told him or Doncaster they would not sell the TV deal again, after this season and the SPL are panicking. Big time. The league is so corrupt it is untrue.

The TV deal was only signed last season and is for 5 years. The NewHuns don't sell their own rights, they belong to the SFL and are already signed away. There is no chance of an accelerated promotion for NewHuns, it would need an 11-1 in the SPL and there are several clubs (including us) where the fans would just not wear it.

[JeMeSouviens]

Where is The Rangers PR guru, Jim Traynor, these days? He is conspicuous by his absence and silence. You'ld have thought that the present state of the 'circus' would have offered a perfect sounding off platform for the great man.

I think you can take it from the tone of his underling Jackson's articles in the Record that Jabba has taken the anti-Green side in the civil war. He'll be oozing back out from under his rock when the regime has sorted itself out and is ready to drive next season's ST propaganda.

[Just Alf]

Where is The Rangers PR guru, Jim Traynor, these days? He is conspicuous by his absence and silence. You'ld have thought that the present state of the 'circus' would have offered a perfect sounding off platform for the great man.

he's probably off somewhere trying to get a new job! :agree:

[LeighLoyal]

Quite damning that The Rangers International Ltd are now attempting to claim Sevco 5088 as a subsidiary, this is the Sevco 5088 with Craig Whyte as a director with Chookles Green - tantamount to an admission that they were colluding during the asset purchase. The playing license was granted on the basis Sevco - the entity purchasing deadco assets - had no links to Whyte, it's in black and white just as it's in black and white that Duff and Phelps had a signed tie in with Sevco 5088. No doubt the sfa will try and sweep this under the carpet but the courts will not.

[Alex Trager]

The TV deal was only signed last season and is for 5 years. The NewHuns don't sell their own rights, they belong to the SFL and are already signed away. There is no chance of an accelerated promotion for NewHuns, it would need an 11-1 in the SPL and there are several clubs (including us) where the fans would just not wear it.

Ah interesting. I'll take it to the Hun and see his response. I was under the impression the SPL bought the TV rights for one year and chuck green said they wouldn't sell them again this year. Therefore they desperately wanted reconstruction. So they could become one body and the SPL would once again have the rights.
By the way hibs were on board with the disaster of reconstruction

[Hibby70]

Is this the soap opera where David Murray creaks out of the shower after a couple of years absence and its all been a dream and he is still in charge or am I getting mixed up with him in the wizard of oz?

They all certainly sport the Patrick Duffy webbed feet look anyway.

[Alex Trager]

Rangers can get their own tv deal if they wanted to, since SFL don't have a tv deal next season, sky would be interested in their games just like they were last season, or SFL can bring rangers to the table and together SFL and rangers will negotiate a tv deal.

[sleeping giant]

They all certainly sport the Patrick Duffy webbed feet look anyway.

No be many folk knowing what you are on about :greengrin

Loved that show :flag:

[Purple & Green]

Maybe it's just me, and I know it's an overblown description (as usual), but the headline put a smile on my Face :greengrin


Ibrox Civil War (http://www.dailyrecord.co.uk/news/scottish-news/ibrox-civil-war-rangers-board-1846582)



Apologies in advance for directing to you the DR

A whodunnit... Oh I like those....


So. Who wrote the article, Keith Jackshun or Jabba the Hun.

I reckon Jabba - there's no way Jackshun would have used those words without clearing it with Jabba first.

[Mister P]

"The soul of Rangers" :faf: as if that's something worthwhile, precious even.

that was sold a LONG time ago lol.

[Bishop Hibee]

"although Rangers should have more than £20million in the account following December’s share sale, not even Murray has been given sight of the evidence."

Magic. Are they Jam Tarts in disguise :confused: :greengrin

[ScottB]

Am I the only one that thinks it isn't that strange that Green, still the single largest shareholder, would seek to have someone he wants put into the job?

Suppose that wouldn't shift rags for the Daily Ranger though...

[MrSmith]

No be many folk knowing what you are on about :greengrin

Loved that show :flag:


Me too!

The man from Atlantis, I think??

[LeighLoyal]

"although Rangers should have more than £20million in the account following December’s share sale, not even Murray has been given sight of the evidence."




Going by how the Sevco share price goes down 1-2p on the back of every circa £40k stock sale I doubt the £20m exists. As real as Sally's SFL2 £10m warchest.

[CentreLine]

Where is The Rangers PR guru, Jim Traynor, these days? He is conspicuous by his absence and silence. You'ld have thought that the present state of the 'circus' would have offered a perfect sounding off platform for the great man.

Maybe JT has been involved in an elaborate form of investigative journalism and engineered himself a place at the heart of The Rangers in order to get the inside story while still really being employed by the DR. Naaaa can't see it myself

[NORTHERNHIBBY]

No be many folk knowing what you are on about :greengrin

Loved that show :flag:


He is bringing the much fabled e-mail from the Dallas Cowboys, that Green was havering about.

[Keith_M]

He is bringing the much fabled e-mail from the Dallas Cowboys, that Green was havering about.


I think Green's been seriously mis-represented on this.


What he actually said was he'd be dealing with a bunch of cowboys. :wink:

[ancient hibee]

I see Donald Findlay is demanding dignity from Rangers.Perhaps he could get the Board together and have a sing song of some of the old favourites.

[Moulin Yarns]

Reporting Scotland about to tell us who Chucky is/has selling his shares to.

[Moulin Yarns]

So. The Rangers get a new coach!!!

Another colourful character gets involved with Newhuns

[s.a.m]

Reporting Scotland about to tell us who Chucky is/has selling his shares to.

James Doleman‏@jamesdoleman4m (http://www.hibs.net/jamesdoleman/status/326750277145337856)Director profile of James Easdale who BBC are reporting is to buy Charles Green's shares in RFC. http://company-director-check.co.uk/director/905250705 (http://t.co/nsk1tGXY0c)

[Onion]

Reporting Scotland about to tell us who Chucky is/has selling his shares to.

All being done with indecent haste. The fraud squad and creditor lawyers need to jump in now, freeze Chuckies shares otherwise it will become too complex to unravel. This whole thing has stunk worse than a Glesgae midden from the start, and Chuckie has a getaway car waiting round the corner.

[CropleyWasGod]

All being done with indecent haste. The fraud squad and creditor lawyers need to jump in now, freeze Chuckies shares otherwise it will become too complex to unravel. This whole thing has stunk worse than a Glesgae midden from the start, and Chuckie has a getaway car waiting round the corner.

It's a PLC, so there is a decent paper trail.

[joe breezy]

http://www.bbc.co.uk/sport/0/football/22270973

Rangers: Charles Green to sell shares to James Easdales


By Chris McLaughlin
Senior Football Reporter, BBC Scotland

Former chief executive Charles Green has agreed to sell his shares in Rangers to Greenock bus tycoon James Easdale, BBC Scotland understands.
Easdale and his brother, Sandy, already own around 6% of Rangers, but they want more - and a presence on the board.

However, Sandy Easdale was jailed for VAT fraud in 1997, a matter thought to concern the Ibrox board.
The board met on Tuesday to discuss the possibility of the Easdales increasing their stake.

It is possible the family will look to buy even more shares in Rangers in an attempt to take some form of overall control of the Division Three champions.

The Easdale family owns McGill's Buses, a Greenock-based company that has become the largest independent bus operator in Scotland.
James Easdale is the chairman of the company that now operates more than 350 buses and around 55 routes and employs about 700 members of staff.

Englishman Green, who is Rangers' biggest single shareholder with 8% of the stock, resigned last week following allegations that he colluded with former owner Craig Whyte to buy the Ibrox club's assets.
Whyte, who the Scottish FA ruled was not a fit and proper person to own a football club, had claimed that Green was his frontman to buy the assets of the club the Scottish businessman took into administration last year.

Green denied those accusations, but it prompted Rangers' board to announce it would be launching its own independent investigation.
However, Green subsequently resigned, with the club saying he wished to avoid the publicity around his role impacting negatively on the club.
Nottinghamshire-based businessman Craig Mather is to be confirmed as the new chief executive once Green's departure from the role has been formalised.

[joe breezy]

:lolrangers::lolrangers::lolrangers::lolrangers::l olrangers::lolrangers:

[Onion]

It's a PLC, so there is a decent paper trail.

The fact that it's a plc won't matter if the company assets were fraudulently acquired or deliberately undervalued by the Administrators to the detriment of (or in order to defraud) the creditors. It will all still have to be unravelled by the courts.

[DaveF]

http://www.bbc.co.uk/sport/0/football/22270973

Rangers: Charles Green to sell shares to James Easdales


By Chris McLaughlin
Senior Football Reporter, BBC Scotland

Former chief executive Charles Green has agreed to sell his shares in Rangers to Greenock bus tycoon James Easdale, BBC Scotland understands.
Easdale and his brother, Sandy, already own around 6% of Rangers, but they want more - and a presence on the board.

However, Sandy Easdale was jailed for VAT fraud in 1997, a matter thought to concern the Ibrox board.
The board met on Tuesday to discuss the possibility of the Easdales increasing their stake.

It is possible the family will look to buy even more shares in Rangers in an attempt to take some form of overall control of the Division Three champions.

The Easdale family owns McGill's Buses, a Greenock-based company that has become the largest independent bus operator in Scotland.
James Easdale is the chairman of the company that now operates more than 350 buses and around 55 routes and employs about 700 members of staff.

Englishman Green, who is Rangers' biggest single shareholder with 8% of the stock, resigned last week following allegations that he colluded with former owner Craig Whyte to buy the Ibrox club's assets.
Whyte, who the Scottish FA ruled was not a fit and proper person to own a football club, had claimed that Green was his frontman to buy the assets of the club the Scottish businessman took into administration last year.

Green denied those accusations, but it prompted Rangers' board to announce it would be launching its own independent investigation.
However, Green subsequently resigned, with the club saying he wished to avoid the publicity around his role impacting negatively on the club.
Nottinghamshire-based businessman Craig Mather is to be confirmed as the new chief executive once Green's departure from the role has been formalised.

Aye, I'll bet the board are really concerned!

[CropleyWasGod]

The fact that it's a plc won't matter if the company assets were fraudulently acquired or deliberately undervalued by the Administrators to the detriment of (or in order to defraud) the creditors. It will all still have to be unravelled by the courts.

I am talking from the perspective of proving anything. What is done is done, and the freezing of CG's shares would not affect that. It's what has gone before that is important.

[LeighLoyal]

Spiv in spiv out. What a shambles T'Sevco are :agree:

[hibee_nation]

Hun or nae hun i will still have to use Mcgills to get from Dunoon to Glasgow. :eyes:

[blaikie]

This is fantastic!

Got family down in Greenock were this guy operates with his brother Sandy they are into everything and anything, so we've had porn stars conmen and now heavy gangsters!

Now where's my popcorn!

[LeighLoyal]

On Sevco Media it's rumoured Sandy "Fingers" Easdale is going to control 29% of Sevco issued capital. Hope it's true as will be another coffin nail! Rumour also that SFL3 teams are going to mount a complaint that Sevco were only licensed on the basis of no Whyte links. Patently not that case as we all know now. Sevco: the joke that keeps giving!

[Pat 0-7]

New Sevco board members?? :confused:

https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcRaLRFYVlzgWASWzmcR4m7N9oc2eoIrz qcjepGaqDfuU1Df-NTh

:rotflmao:

[Seveno]

It has been announced that, to make it easier for Directors to attend Board meeting, the Boardroom has been moved from Ibrox to a more convenient location.

http://t1.gstatic.com/images?q=tbn:ANd9GcQbXeUhevz567RXL5tOWst3c_4VosC7S vR-Tr4rQGT_CsFfqwrp

[Onion]

Aye, I'll bet the board are really concerned!

"Experience in tax evasion" was top of his CV and a positive advantage for any applicant for CEO of Rangers.

[Keith_M]

Isn't there some kind of provision in the shares recently issued that specifies they can't be sold within a minimum period (possibly before December this year)?

If so, can Green actually sell his shares already?

[JeMeSouviens]

Isn't there some kind of provision in the shares recently issued that specifies they can't be sold within a minimum period (possibly before December this year)?

If so, can Green actually sell his shares already?

No, he can't. Seemingly (according to BBC sportsound anyway) it's a pre-agreement to sell in December.

[bighairyfaeleith]

what if the club was taken off the stock market and de-listed?

I reckon they will be under the control of one name by the weekend

[LeighLoyal]

Green, Ahmad and T'Sevco International, take note:



Worthington Group Plc

24th April 2013

FOR IMMEDIATE RELEASE

Worthington Group Plc (the "Company") - Conditional Fee Agreement


Conditional Fee Agreement

The Company is pleased to announce that Law Financial Ltd ("Law Financial"), its 26% owned associate, has now entered into a Conditional Fee Agreement in relation to claims that Law Financial, through its subsidiary Sevco 5088 Ltd and separately, has to all of the business and assets of The Rangers Football Club ("Rangers") which were purchased from the Administrators of RFC 2012 Plc by Sevco 5088 Limited, or Sevco Scotland Ltd, in June of 2012.

The principle terms of the Conditional Fee Agreement are as follows:

Solicitors and Leading Counsel acting for Law Financial will share 7.5% of the recently issued and to be issued unsecured convertible loan stock and up to 18.5% of any successful claim in relation to the business and assets of Rangers.

The Company notes the announcement made on 22 April 2013 by Rangers International Football Club Plc ("RIFC") in which, contrary to other recent public announcements and statements by Mr Green and RIFC, RIFC now, five months after the publication of the Admission Document published for its flotation, claim to own Sevco 5088 Ltd.

We also note today's announcement by RIFC, and would like to confirm that solicitors, acting for the Company and Law Financial, are in a position to provide compelling evidence that Messrs Green and Ahmad received a letter before claim in December 2012, having received previous correspondence, and chose to ignore it.

In the light of recent public admissions by Mr Green, including his admission that he and Mr Ahmad deceived Mr Whyte, a fresh letter before claim is being prepared against, inter alios, The Rangers Football Club Ltd and Messrs Green and Ahmad. This letter will include additional or alternative causes of action to those already particularised in the December 2012 letter.

The shares in RIFC purportedly owned by Messrs Green and Ahmad will also be the subject of this claim.

During the course of the Company's due diligence process, relating to its purchase of a stake in Law Financial, information has been discovered relating to the conduct of Mr Charles Green and Mr Imran Ahmad, this has today been reported to the Serious Fraud Office.
Enquiries:

Douglas Ware, CEO Worthington Group Plc: dougware@worthingtongroupplc.co.uk

Anne Alesbury, PD Cosec Limited,

Company Secretary, Worthington Group Plc on 0208 940 0963


This information is provided by RNS
The company news service from the London Stock Exchange

[Lucius Apuleius]

Green, Ahmad and T'Sevco International, take note:



Worthington Group Plc

24th April 2013

FOR IMMEDIATE RELEASE

Worthington Group Plc (the "Company") - Conditional Fee Agreement


Conditional Fee Agreement

The Company is pleased to announce that Law Financial Ltd ("Law Financial"), its 26% owned associate, has now entered into a Conditional Fee Agreement in relation to claims that Law Financial, through its subsidiary Sevco 5088 Ltd and separately, has to all of the business and assets of The Rangers Football Club ("Rangers") which were purchased from the Administrators of RFC 2012 Plc by Sevco 5088 Limited, or Sevco Scotland Ltd, in June of 2012.

The principle terms of the Conditional Fee Agreement are as follows:

Solicitors and Leading Counsel acting for Law Financial will share 7.5% of the recently issued and to be issued unsecured convertible loan stock and up to 18.5% of any successful claim in relation to the business and assets of Rangers.

The Company notes the announcement made on 22 April 2013 by Rangers International Football Club Plc ("RIFC") in which, contrary to other recent public announcements and statements by Mr Green and RIFC, RIFC now, five months after the publication of the Admission Document published for its flotation, claim to own Sevco 5088 Ltd.

We also note today's announcement by RIFC, and would like to confirm that solicitors, acting for the Company and Law Financial, are in a position to provide compelling evidence that Messrs Green and Ahmad received a letter before claim in December 2012, having received previous correspondence, and chose to ignore it.

In the light of recent public admissions by Mr Green, including his admission that he and Mr Ahmad deceived Mr Whyte, a fresh letter before claim is being prepared against, inter alios, The Rangers Football Club Ltd and Messrs Green and Ahmad. This letter will include additional or alternative causes of action to those already particularised in the December 2012 letter.

The shares in RIFC purportedly owned by Messrs Green and Ahmad will also be the subject of this claim.

During the course of the Company's due diligence process, relating to its purchase of a stake in Law Financial, information has been discovered relating to the conduct of Mr Charles Green and Mr Imran Ahmad, this has today been reported to the Serious Fraud Office.
Enquiries:

Douglas Ware, CEO Worthington Group Plc: dougware@worthingtongroupplc.co.uk

Anne Alesbury, PD Cosec Limited,

Company Secretary, Worthington Group Plc on 0208 940 0963


This information is provided by RNS
The company news service from the London Stock Exchange



***** if I know what it means but sure sounds good. :thumbsup:

[Just Alf]

***** if I know what it means but sure sounds good. :thumbsup:

Agreed!

Wish I could do that duck thing on my phone!

[Lucius Apuleius]

Agreed!

Wish I could do that duck thing on my phone!

Yeuchhh, messy.

[JeMeSouviens]

***** if I know what it means but sure sounds good. :thumbsup:

It means Whyte isn't going anywhere, is claiming ownership of all the NewHuns business and assets (ie. not just Ibrox and Murray Park, the team as well) and has called the cops. :cb

[Just Alf]

Yeuchhh, messy.

Heck! .... I KNEW the barmaid was looking at me funny.... Now I know why! :-(

[PatHead]

It means Whyte isn't going anywhere, is claiming ownership of all the NewHuns business and assets (ie. not just Ibrox and Murray Park, the team as well) and has called the cops. :cb
The bit I don't understand is that Whyte knew he was not allowed to be involved. These bad boys Green and Ahmed did the dirty on him but he calls the police telling them that he has been "robbed" of something he should never have had in the first place. Surely he will be "done" as well or have I missed something?

[CropleyWasGod]

The bit I don't understand is that Whyte knew he was not allowed to be involved. These bad boys Green and Ahmed did the dirty on him but he calls the police telling them that he has been "robbed" of something he should never have had in the first place. Surely he will be "done" as well or have I missed something?

It's all about the ownership of the property, IMO.

Neither CW nor CG are particularly bothered about being "fit and proper" in the eyes of the SFA. That is a sideshow for them, and an annoying irrelevance. What they are bothered about, of course, is cash.... and, in CW's case, the feeling that he has been stitched up. It's even more important to him since the Ticketus case went against him.

Yeah, there are inconsistencies and half-truths all over the place here, but I find the whole story both nauseating and entertaining at the same time. Just when we thought it was all clear... that CW was going to get done by the polis for fraud... this all pops up. Brilliant stuff.

[Seveno]

I see that they have appointed Craig Mather as 'temporary' Chief Executive. I expect that he is in to do a hatchet job - cutting costs, including getting rid of Coisty and Durranty. He'll take the flak and then disappear back into obscurity.

[PatHead]

It's all about the ownership of the property, IMO.

Neither CW nor CG are particularly bothered about being "fit and proper" in the eyes of the SFA. That is a sideshow for them, and an annoying irrelevance. What they are bothered about, of course, is cash.... and, in CW's case, the feeling that he has been stitched up. It's even more important to him since the Ticketus case went against him.

Yeah, there are inconsistencies and half-truths all over the place here, but I find the whole story both nauseating and entertaining at the same time. Just when we thought it was all clear... that CW was going to get done by the polis for fraud... this all pops up. Brilliant stuff.

So CW has "possibly" committed fraud? (Due to being involved in the purchase of his failed company's assets) Are Green and Ahmed by working with Whyte on this scam possibly guilty of fraud as well?

[CropleyWasGod]

So CW has "possibly" committed fraud? (Due to being involved in the purchase of his failed company's assets) Are Green and Ahmed by working with Whyte on this scam possibly guilty of fraud as well?

We are all Spartacus.

***tifano, TBH. It's all "he said..." "she said".... "naw ah didny" at the moment. No certainties at all in my book, except for the fact that a lot of lawyers are rubbing their hands.

[PatHead]

Honour amongst thieves eh!

[CropleyWasGod]

Honour amongst thieves eh!

Indeed. One can take comfort out of this knowing that one, or both, of the two protagonists are going to get rooked by their lawyers. :greengrin

[PatHead]

Think you better be dusting down your books again and take another 6 month break from work as this may become interesting again.

[CropleyWasGod]

Think you better be dusting down your books again and take another 6 month break from work as this may become interesting again.

As it happens, I'm off on holiday next weekend. I could miss so much.... Craig v Chuckie, HMFC v everybody, the annual "Cup final ticket moan" thread.

:cb

[s.a.m]

As it happens, I'm off on holiday next weekend. I could miss so much.... Craig v Chuckie, HMFC v everybody, the annual "Cup final ticket moan" thread.

:cb

:shocked:





:I'm waiti

[s.a.m]

I hope you and CG checked the rota first.....

[Hibby70]

As it happens, I'm off on holiday next weekend. I could miss so much.... Craig v Chuckie, HMFC v everybody, the annual "Cup final ticket moan" thread.

:cb
You're no allowed to go unless you check in once a day.

[Spike Mandela]

http://scotslawthoughts.wordpress.com/2013/04/24/worthington-plc-claim-to-have-reported-charles-green-and-imran-ahmad-to-the-serious-fraud-office/#more-3571

[CropleyWasGod]

http://scotslawthoughts.wordpress.com/2013/04/24/worthington-plc-claim-to-have-reported-charles-green-and-imran-ahmad-to-the-serious-fraud-office/#more-3571

Nice to know that I am not the only one who is scoobied.:greengrin

A couple of things caught my eye, though:-

Per RFC, "Sevco 5088 was not the acquisition vehicle which purchased the assets of Rangers." According to the media at the time, it bloody well was. They were then transferred to the present company. So, either they were lying then or they are lying now.

Also, about Sevco 5088 "false claims of directorships ...been filed recently at Companies House." Presumably, this is about whether or not CW was a director of 5088 (see here, about 3 pages back). It would help CW if he was, obviously, which is why RFC are saying the CH information is wrong. It's actually quite easy to file wrong information at CH, if you know how. This could be a very important issue in the months to come.

He's spot-on with most things, though. It's all tub-thumping until the police, and then perhaps the Courts, find their way through it.

[green glory]

Incredibly, this Cro-Magnon throwback was the only one anywhere near Ibroke that asked the one question that needed to be asked.

9686


WHAUR'S RA DEEDS???

[JeMeSouviens]

Interesting claims that Imran Ahmad has been using HunMedia as a propaganda tool:

http://www.therangersstandard.co.uk/index.php/articles/current-affairs/250-exclusive-ibrox-leak

[Caversham Green]

Nice to know that I am not the only one who is scoobied.:greengrin

A couple of things caught my eye, though:-

Per RFC, "Sevco 5088 was not the acquisition vehicle which purchased the assets of Rangers." According to the media at the time, it bloody well was. They were then transferred to the present company. So, either they were lying then or they are lying now.

Also, about Sevco 5088 "false claims of directorships ...been filed recently at Companies House." Presumably, this is about whether or not CW was a director of 5088 (see here, about 3 pages back). It would help CW if he was, obviously, which is why RFC are saying the CH information is wrong. It's actually quite easy to file wrong information at CH, if you know how. This could be a very important issue in the months to come.

He's spot-on with most things, though. It's all tub-thumping until the police, and then perhaps the Courts, find their way through it.

It wasn't just the media that were saying Sevco 5088 bought the assets - both Duff & Phelps and Rangers themselves have said it and, according to the CVA document 5088 had exclusive rights to buy. (BTW that Rangers statement is so clumsy it must have been written by James Traynor).

The document appointing Craig Whyte as a director is an old-style paper form with the entries hand-written - highly unusual for appointments on this scale, but it carries what looks very like Charles Green's signatue. The document removing Aidan Earley on the same date is an electronic one and is not signed by anyone. Both were submitted 11 months after the events they document. I didn't get Earley's appointment or Whyte's removal 'cos I'm looking after the pennies, but no doubt they're on the same forms.

[LeighLoyal]

Interesting claims that Imran Ahmad has been using HunMedia as a propaganda tool:

http://www.therangersstandard.co.uk/index.php/articles/current-affairs/250-exclusive-ibrox-leak



And Orcs swallowing it whole as per usual. A painful dose of reality is going to hit these zombies soon enough.

[green glory]

I'm now seriously thinking Sevco won't be playing anywhere next season.

A 3 way battle for the assets between the current board, Craig Whyte and BDO, with police investigations and litigation galore.

STILL no season tickets on sale

The recent share issue possibly selling shares in the wrong company, with the money raised long gone.

This isn't going to be sorted out quickly, and with the club burning over a million a month, not to mention the rumours of a lot of unpaid bills.

They have been buried and risen from the grave, but I think the Ferryman's about to take them across the Styx.

They probably don't even have the fare for that though.

[CropleyWasGod]

It wasn't just the media that were saying Sevco 5088 bought the assets - both Duff & Phelps and Rangers themselves have said it and, according to the CVA document 5088 had exclusive rights to buy. (BTW that Rangers statement is so clumsy it must have been written by James Traynor).

The document appointing Craig Whyte as a director is an old-style paper form with the entries hand-written - highly unusual for appointments on this scale, but it carries what looks very like Charles Green's signatue. The document removing Aidan Earley on the same date is an electronic one and is not signed by anyone. Both were submitted 11 months after the events they document. I didn't get Earley's appointment or Whyte's removal 'cos I'm looking after the pennies, but no doubt they're on the same forms.

Ta for confirming that. I thought i had misremembered ...but your version is the same as mine. OldHun to 5088 to Scotland.

On the CH forms, it looks like it will be straight argument over whether that signature is genuine. It is so easy to put false info into CH .

[green glory]

Can't vouch for the accuracy of this, but doesn't seem too far fetched.

@corsica1968: Hearing (direct from Blue Knight) it's civil war @ Ibrox. Cardigan & Fat Sally briefing furiously against DCK & CG camps to save themselves.

@corsica1968: @corsica1968 Of course, this could mean the blue knight is also briefing (its not PM) tho I can't think why as he knows he's well out of it.

@corsica1968: Told DCK less than impressed with Fat Sally & Cardigan football styles & personal animosity with Cardigan from past. Vowed to "cleanse" club

@corsica1968: Also told Shiels was asked about manager position in January which pissed off Calderwood who was hovering "like a fly on a ****".

@corsica1968: Finally told they all know going to go bust again. Options: Murray or Mather find short-term finance quick, DCK comes back, or death.

@corsica1968: @EdgarBlamm Oh yes, & appears lot of rich bears with dignity are doing walking away; "sickened & not interested" "Murray has killed club"

[Caversham Green]

Ta for confirming that. I thought i had misremembered ...but your version is the same as mine. OldHun to 5088 to Scotland.

On the CH forms, it looks like it will be straight argument over whether that signature is genuine. It is so easy to put false info into CH .

I'll tell you what I think has happened.

I reckon Charlie conned Craigie into thinking he was still involved by giving him those signed appointment forms back in May but telling him not to submit them at the time as he (Craigie) was banned from involvement in the football club. Then Charlie has moved the assets from 5088 to Scotland while he was the only registered director leaving Craigie as an unregistered director of an empty company - I think Craigie himself would call it the old switcheroo. Craigie has been chasing Charlie privately, using a bit of blackmail to get what he thinks is due and has now brought it out in the open, forcing Charlie to resign.

Nice people.

[MrSmith]

I'll tell you what I think has happened.

I reckon Charlie conned Craigie into thinking he was still involved by giving him those signed appointment forms back in May but telling him not to submit them at the time as he (Craigie) was banned from involvement in the football club. Then Charlie has moved the assets from 5088 to Scotland while he was the only registered director leaving Craigie as an unregistered director of an empty company - I think Craigie himself would call it the old switcheroo. Craigie has been chasing Charlie privately, using a bit of blackmail to get what he thinks is due and has now brought it out in the open, forcing Charlie to resign.

Nice people.

Aint that the Rangers way!

[JimBHibees]

Who is DCK?

[Caversham Green]

Who is DCK?

I believe Jim Traynor is a DCKHD.

[JimBHibees]

I believe Jim Traynor is a DCKHD.

You didnt need to tell me that. :greengrin

[JeMeSouviens]

Who is DCK?

Dave King.

http://en.wikipedia.org/wiki/Dave_King_%28businessman%29

[Keith_M]

I'll tell you what I think has happened.

I reckon Charlie conned Craigie into thinking he was still involved by giving him those signed appointment forms back in May but telling him not to submit them at the time as he (Craigie) was banned from involvement in the football club. Then Charlie has moved the assets from 5088 to Scotland while he was the only registered director leaving Craigie as an unregistered director of an empty company - I think Craigie himself would call it the old switcheroo. Craigie has been chasing Charlie privately, using a bit of blackmail to get what he thinks is due and has now brought it out in the open, forcing Charlie to resign.

Nice people.


That's pretty much my thoughts as well.

A lot of people have been asking why he held off so long, leaking little bits of info over time. It all points to Whyte threatening disclosure if he doesn't get a pay off, with Green calling his bluff. Looks like he called it one time too many.

[green glory]

@Pmacgiollabhain: Despite talks at Hampden today to get "SPL2" back on track there will be no invitation to Sevco. #NonNegotiable

@jamesdoleman: To lose one director in a week may be considered unfortunate, to lose two looks like carelessness #Sevco

@Pmacgiollabhain: @jamesdoleman He should have left last week, but negotiations over his severance package proved...err...protracted.
All sorted now...

Sir Walter?

[PatHead]

Does anyone know anything about the interim chief executive, Mather. The only information in public domain doesn't seem to make him qualified to run The Rangers. His development of youth at The Rangers doesn't appear to amount to much as he is seemingly never there. Could he just be a muppet for Green?

[Benny Brazil]

Does anyone know anything about the interim chief executive, Mather. The only information in public domain doesn't seem to make him qualified to run The Rangers. His development of youth at The Rangers doesn't appear to amount to much as he is seemingly never there. Could he just be a muppet for Green?

I would think he is Pat.

He has apparently been involved in football for 20yrs, runs a Sports agency type business - quite why that qualifies him to be given the original position of Director of Youth Dev is beyond me but he is the one that Charlie boy suggested to take over from him.

[JimBHibees]

Dave King.

http://en.wikipedia.org/wiki/Dave_King_%28businessman%29

Sounds like he is well suited to be part of the shambles.

On 14 June 2002 BBC News reported that King faced eleven counts of fraud when he appeared at the Regional Court in Randburg, near Johannesburg. He was alleged to owe the South African revenue service almost £60m.[1]

[ancient hibee]

I would think he is Pat.

He has apparently been involved in football for 20yrs, runs a Sports agency type business - quite why that qualifies him to be given the original position of Director of Youth Dev is beyond me but he is the one that Charlie boy suggested to take over from him.

They were going to use Rangers as a conduit for players on Mather's books-that will now go ahead.

[CropleyWasGod]

They were going to use Rangers as a conduit for players on Mather's books-that will now go ahead.

Not if McCoist has anything to do with it (if he is still in a job :greengrin). Mather's guys had a match against guys on RFC's books, and were horsed.

[Benny Brazil]

They were going to use Rangers as a conduit for players on Mather's books-that will now go ahead.

Ah didnt no that - makes sense now - well as much as anything can over there

[Keith_M]

Keekaboo understands...


...that Mather went to St Aloysius RC College, London.










although I might have made that up :wink:

[grunt]

http://www.scotsman.com/sport/football/sfl-division-three/rangers-imran-ahmad-in-mccoist-smith-web-slurs-1-2911207

[JimBHibees]

http://www.scotsman.com/sport/football/sfl-division-three/rangers-imran-ahmad-in-mccoist-smith-web-slurs-1-2911207

Sounds like a complete stitch up to me. IT workers at Rangers blah, blah. Discrediting the guy to get rid of. How could he slag Ally and Waldo? :rolleyes:

[Ozyhibby]

Sounds like a complete stitch up to me. IT workers at Rangers blah, blah. Discrediting the guy to get rid of. How could he slag Ally and Waldo? :rolleyes:

Sounds like the old guard using their pals in the media in the power struggle.

[JimBHibees]

Sounds like the old guard using their pals in the media in the power struggle.

Agree. :agree:

[Seveno]

I can't believe how much fun the new series of 'Rangers in Turmoil' is turning out to be. I loved series one but the scriptwriters have excelled themselves with the latest series and brought in some really funny characters.

I think that when it is all over, I'll buy the boxed set of DVDs so that I can remind myself of the whole bizarre, crazy and hilarious show.

Shame that they omitted the usual sex angle but maybe that is about to come. I'll keep watching.

[Just Alf]

I can't believe how much fun the new series of 'Rangers in Turmoil' is turning out to be. I loved series one but the scriptwriters have excelled themselves with the latest series and brought in some really funny characters.

I think that when it is all over, I'll buy the boxed set of DVDs so that I can remind myself of the whole bizarre, crazy and hilarious show.

Shame that they omitted the usual sex angle but maybe that is about to come. I'll keep watching.

I laughed out loud at this........ Then thought..... He's bloody right! :D

[LeighLoyal]

I can't believe how much fun the new series of 'Rangers in Turmoil' is turning out to be. I loved series one but the scriptwriters have excelled themselves with the latest series and brought in some really funny characters.

I think that when it is all over, I'll buy the boxed set of DVDs so that I can remind myself of the whole bizarre, crazy and hilarious show.

Shame that they omitted the usual sex angle but maybe that is about to come. I'll keep watching.



Craigy has sold the film right to oldco's death, so we're bound to get a sequel on newco oblivion. I think Craigy and Chuckles need to conspire again like they did buying the oldco assets. The Day the Huns Died Again. Executive producers Craig Whyte and Charles Green.

[grunt]

Alison Robbie‏@AlisonRobbie (Robbie‏@AlisonRobbie)#rangers (http://www.hibs.net/search?q=%23rangers&src=hash) director Imran Ahmed has left the club. I understand the club decided enough was enough.

[EH75]

Shame that they omitted the usual sex angle but maybe that is about to come. I'll keep watching.

Nah we already had that, you must've missed that episode?

http://www.thesun.co.uk/sol/homepage/news/scottishnews/4135658/Craig-Whyte-advisor-is-a-porn-star.html

[CropleyWasGod]

Nah we already had that, you must've missed that episode?

http://www.thesun.co.uk/sol/homepage/news/scottishnews/4135658/Craig-Whyte-advisor-is-a-porn-star.html

Early in the saga, I also outed myself as Ron Jeremy's fluffer.

[Gus Fring]

Alasdair Lamont (@BBCAlLamont)
27/04/2013 12:49
Rangers confirm pre-match Imran Ahmad has left the company

[green glory]

@TomSelleckCSC: Jim Traynor collaborated with Daily Record in smear campaign against Green which seen him forced out boardroom. Succulent lamb served cold.

[blackpoolhibs]

http://www.rangers.co.uk/news/headlines/item/3867-club-announcement#.UX_yeqWVIeA.twitter

[Jim44]

Mark Hateley is at it yet again, calling for the immediate fast tracking of The Rangers to the top division. According to him, Rangers status in Scottish football is far more important than honesty, fairness and sporting integrity. No-one is remotely interested in the SPL without The Rangers. Unbelievable.

[SMAXXA]

Mark Hateley is at it yet again, calling for the immediate fast tracking of The Rangers to the top division. According to him, Rangers status in Scottish football is far more important than honesty, fairness and sporting integrity. No-one is remotely interested in the SPL without The Rangers. Unbelievable.

Didn't he mean to say 'No-one is the SPL is remotely interested in the The Rangers'. This would be more accurate

[green glory]

With any luck the close season will see them buried for good, so the option won't be possible.

Mark Hately's opinions on the whole sago have ranged from pitifully Ill-informed to comical.

Also he's a fud.

[Treadstone]

With any luck the close season will see them buried for good, so the option won't be possible.

Mark Hately's opinions on the whole sago have ranged from pitifully Ill-informed to comical.

Also he's a fud.

He has become a parody of himself.

[ballengeich]

He has become a parody of himself.

and the Scotsman has become a parody of a newspaper by devoting as much space to an Ibrox press release as it does to a report on the Champions' League semi-final.

[green glory]

and the Scotsman has become a parody of a newspaper by devoting as much space to an Ibrox press release as it does to a report on the Champions' League semi-final.

I gave up on the Scotsman a few weeks ago when they tried to equate the independence movement in Scotland with German National Socialism.

The Evening News in just pitiful.

[Bighoose]

and the Scotsman has become a parody of a newspaper by devoting as much space to an Ibrox press release as it does to a report on the Champions' League semi-final.

Aye and about a Ibrox charity game too.

Hately is complete joke with his comments. Nobody is listening Mark, as nobody is remotely interested in what you say. Well maybe Andy Goram is.

[green glory]

Mark Hateley.

9726

[Treadstone]

I gave up on the Scotsman a few weeks ago when they tried to equate the independence movement in Scotland with German National Socialism.

The Evening News in just pitiful.

And wondered why 'Traitors' was daubed on their offices, not condoning it but certainly less offensive than their Nazi Saltire (https://pbs.twimg.com/media/BHM-KCtCAAAmryv.png).

[Granton Stanton]

Excellent piece in the current Private Eye (they've run a few articles on them previously) about the Whyte/Green shenanigans including what appears to be the plundering of a pension fund to loan Whyte money prior to going bust. There will be court cases over all of this in the future, and probable convictions. Squeaky bum time for a few.

[CropleyWasGod]

Excellent piece in the current Private Eye (they've run a few articles on them previously) about the Whyte/Green shenanigans including what appears to be the plundering of a pension fund to loan Whyte money prior to going bust. There will be court cases over all of this in the future, and probable convictions. Squeaky bum time for a few.

Oooh....:greengrin.... got a link?

[21.05.2016]

Mark Hateley is at it yet again, calling for the immediate fast tracking of The Rangers to the top division. According to him, Rangers status in Scottish football is far more important than honesty, fairness and sporting integrity. No-one is remotely interested in the SPL without The Rangers. Unbelievable.

Why should The rangers be pandered to and specially treated? They cheated and therefore being punished for it. If it had been say st mirren or killmarnock etc. they wouldn't do it for them. The rangers just have this arrogance that makes them believe they have this god given right to be in the top league despite the **** they have done.

[Bighoose]

Why should The rangers be pandered to and specially treated? They cheated and therefore being punished for it. If it had been say st mirren or killmarnock etc. they wouldn't do it for them. The rangers just have this arrogance that makes them believe they have this god given right to be in the top league despite the **** they have done.

If you reverse Hately's p!$h, you probably get the truth. Its the Rangers that need back in the SPL asap.

They are running out of cash or whatever Charlie didnt manage to stuff in his suitcase.

No more share issues for working capital next season. And no other obvious income streams.

Fans will/are losing interest.

And Craigy Whyte/Chuckles Green aint disappeared yet.

[Granton Stanton]

Oooh....:greengrin.... got a link?

sadly not yet, the website still has previous issue up (think its in the shops tomorrow so check back then). Go to http://www.private-eye.co.uk/sections.php?section_link=in_the_back&
although not sure if the whole issue is available to non subscribers. If I've got time will type whole thing out tomorrow. Or its £1.50 in the shop. The one with the UKIP clowns on the cover.

briefly, The Worthington Group that has appeared on the scene recently had acquired a company called Jerome which had a pension fund with £8m cash but £11m pension liabilities. Whyte was a shareholder in the Worthington Group, along with the Earlay character. £2.95m was transferred via Collier Bristow to the club prior to Februarys adminisration event from this pension fund.

There's more detail in the article. Sounds all very complex to tie 2 threads together.

[CropleyWasGod]

sadly not yet, the website still has previous issue up (think its in the shops tomorrow so check back then). Go to http://www.private-eye.co.uk/sections.php?section_link=in_the_back&
although not sure if the whole issue is available to non subscribers. If I've got time will type whole thing out tomorrow. Or its £1.50 in the shop. The one with the UKIP clowns on the cover.

briefly, The Worthington Group that has appeared on the scene recently had acquired a company called Jerome which had a pension fund with £8m cash but £11m pension liabilities. Whyte was a shareholder in the Worthington Group, along with the Earlay character. £2.95m was transferred via Collier Bristow to the club prior to Februarys adminisration event from this pension fund.

There's more detail in the article. Sounds all very complex to tie 2 threads together.

Now that bit gets me.

Offhand, do you know if the pension fund was one of the creditors in the RFC administration?

[Granton Stanton]

Now that bit gets me.

Offhand, do you know if the pension fund was one of the creditors in the RFC administration?

CWG - really sorry just heading out the door, but that paragraph says:-

"The £2.95m, instead of being held to the order of the Trustees pending completion of the loan documentation, had been paid over by Rangers/Whytes solicitors Collyer Bristow to the club before it collapsed into administration in February 2012. The money is now frozen and the subject of litigation with the old clubs liquidators and could go to pay creditors rather than pensions"

Cheers