Will be interesting to see the price of the shares come December though...Quote:
Originally Posted by JeMeSouviens
Printable View
Will be interesting to see the price of the shares come December though...Quote:
Originally Posted by JeMeSouviens
Elvis will NEVER die!
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?
Quote:
Originally Posted by green glory
Hopefully with a heavy chain.
https://encrypted-tbn0.gstatic.com/i...8wqer33Ga2IRdF
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:
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......Quote:
Originally Posted by Stevie Reid
Told the horde he wouldn't leave until Champions league music was being playing out at Mordor. :faf:
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.Quote:
Originally Posted by FalkirkHibby
Have you not watched the films? Dracula gets done with the stake and zombies head need to severed :greengrinQuote:
Originally Posted by FalkirkHibby
:lolrangers::greengrin:greengrin:greengrin::smug:: giruy::giruy::lolrangers:
They can't do that though - the rule was changed after Clydebank was bought and renamed Airdrie UnitedQuote:
Originally Posted by Hibs Class
:greengrin
Quote:
Originally Posted by Tynie01011973
I'm sure they would change it back just in time.
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 *******.
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 ;)
Vlads not been seen at Tynie for ages.....has he just had a new mask on :tee hee:Quote:
Originally Posted by FalkirkHibby
Celtic Underground@celticrumours2hGreen can sell his shares now. Locked in restriction on share sales ceases. He's out with the cash
Would this be right?
He has shares in the club. In that respect, he is a part owner. He doesn't have control, though.Quote:
Originally Posted by .Sean.
He has spent mair time creating his escape route than Charles Bronson did in The Great Escape!Quote:
Originally Posted by blindsummit
IMO, it's business as usual....usual, he says :rolleyes:Quote:
Originally Posted by green glory
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.Quote:
Originally Posted by CropleyWasGod
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.Quote:
Originally Posted by lapsedhibee
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"?Quote:
Originally Posted by CropleyWasGod
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.Quote:
Originally Posted by StevieC
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?"
http://www.bbc.co.uk/sport/0/football/22231324
Beeb sticking the boot in to Chuckie with a few of his 'classic' quotes.....:greengrin
Why is the BBC letting Paul Murray use Sportsound as his mouthpiece tonight? What is his relevance to anything in Scottish football now?:cb
Quote:
Originally Posted by Spike Mandela
Deluded hun night on BBC. :confused: Jabba still in charge :confused: An equally annoying tim now on spouting pish about missing the hun.
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
Apologies in advance for directing to you the DR
Extremely enjoyable reading, even if it is the DR.
"The soul of Rangers" :faf: as if that's something worthwhile, precious even.
Rangers Confirm Sevco 5088 Is Subsidiary of Rangers PLC so basically old Craigie boy was definitely closely involved!
http://scotslawthoughts.wordpress.co...without-delay/
: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.
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
"A Scottish businessman of impeccable standing".... STF maybe?
That would be too funny....:greengrin
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:
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.
Sorry my previous post was supposed to be under this quoteQuote:
Originally Posted by blindsummit
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.Quote:
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.
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!
Murray wasn't involved with the old Rangers was he?Quote:
Originally Posted by jacomoseven
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.Quote:
Originally Posted by Seanduff
Sorry maybe I am getting confused. This soap opera has too many characters and none of them are good guys!Quote:
Originally Posted by McS****y
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.
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?
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.Quote:
Originally Posted by Seanduff
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.Quote:
Originally Posted by Jim44
he's probably off somewhere trying to get a new job! :agree:Quote:
Originally Posted by Jim44
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.
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.Quote:
Originally Posted by JeMeSouviens
By the way hibs were on board with the disaster of reconstruction
They all certainly sport the Patrick Duffy webbed feet look anyway.Quote:
Originally Posted by GordonHFC
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.
No be many folk knowing what you are on about :greengrinQuote:
Originally Posted by Hibby70
Loved that show :flag:
A whodunnit... Oh I like those....Quote:
Originally Posted by keekaboo
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.
that was sold a LONG time ago lol.Quote:
Originally Posted by lapsedhibee
"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
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...
Quote:
Originally Posted by sleeping giant
Me too!
The man from Atlantis, I think??
Quote:
Originally Posted by Bishop Hibee
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.
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 myselfQuote:
Originally Posted by Jim44
Quote:
Originally Posted by sleeping giant
He is bringing the much fabled e-mail from the Dallas Cowboys, that Green was havering about.
Quote:
Originally Posted by NORTHERNHIBBY
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:
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.
Reporting Scotland about to tell us who Chucky is/has selling his shares to.
So. The Rangers get a new coach!!!
Another colourful character gets involved with Newhuns
James Doleman@jamesdoleman4mDirector profile of James Easdale who BBC are reporting is to buy Charles Green's shares in RFC. http://company-director-check.co.uk/director/905250705Quote:
Originally Posted by Pitlochry hibee
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.Quote:
Originally Posted by Pitlochry hibee
It's a PLC, so there is a decent paper trail.Quote:
Originally Posted by Onion
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.
:lolrangers::lolrangers::lolrangers::lolrangers::l olrangers::lolrangers:
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.Quote:
Originally Posted by CropleyWasGod
Aye, I'll bet the board are really concerned!Quote:
Originally Posted by joe breezy
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.Quote:
Originally Posted by Onion
Spiv in spiv out. What a shambles T'Sevco are :agree:
Hun or nae hun i will still have to use Mcgills to get from Dunoon to Glasgow. :eyes:
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!
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!
New Sevco board members?? :confused:
https://encrypted-tbn2.gstatic.com/i...GaqDfuU1Df-NTh
:rotflmao:
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:A...4rQGT_CsFfqwrp
"Experience in tax evasion" was top of his CV and a positive advantage for any applicant for CEO of Rangers.Quote:
Originally Posted by DaveF
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.Quote:
Originally Posted by keekaboo
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
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: [email protected]
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
Quote:
Originally Posted by FalkirkHibby
***** if I know what it means but sure sounds good. :thumbsup:
Agreed!Quote:
Originally Posted by Lucius Apuleius
Wish I could do that duck thing on my phone!
Yeuchhh, messy.Quote:
Originally Posted by Sir Alf R
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. :cbQuote:
Originally Posted by Lucius Apuleius
Heck! .... I KNEW the barmaid was looking at me funny.... Now I know why! :-(Quote:
Originally Posted by Lucius Apuleius
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?Quote:
Originally Posted by JeMeSouviens
It's all about the ownership of the property, IMO.Quote:
Originally Posted by PatHead
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.
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.
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?Quote:
Originally Posted by CropleyWasGod
We are all Spartacus.Quote:
Originally Posted by PatHead
***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.
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. :greengrinQuote:
Originally Posted by PatHead
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.Quote:
Originally Posted by PatHead
:cb
:shocked:Quote:
Originally Posted by CropleyWasGod
:I'm waiti
I hope you and CG checked the rota first.....
You're no allowed to go unless you check in once a day.Quote:
Originally Posted by CropleyWasGod