Is Paul Clark the bald guy from Duff & Phelps who did all the media updates when Rangers were in administration?Quote:
Originally Posted by s.a.m
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Is Paul Clark the bald guy from Duff & Phelps who did all the media updates when Rangers were in administration?Quote:
Originally Posted by s.a.m
Wearied, he muttered "ah, ****, here we go again", and poured himself a large one.Quote:
Originally Posted by PatHead
Actually, when I heard the report on the 12 o clock news, the first name that came to mind was Gary Withey. I am, though, surprised at Grier et al.
I would guess that it's both.Quote:
Originally Posted by Billy Whizz
Although the media are saying it's the sale to White, there are 3 of Duff & Phelps in there. IIRC, they didn't get involved until RFC went into administration.
Ticketus? I recall Paul Murray saying that D+P knew about the Ticketus deal and D+P denied this but proof emerged that they, or at least their employees, did have knowledge.Quote:
Originally Posted by CropleyWasGod
Probably not make much difference in the overall scheme of things but at least we will all have a firkin good laugh for a wee while yet.
If Police are investigating the 2011 purchase, does that mean it could be null and void?
Would that also mean any subsequent sale would also be null and void (selling stolen goods)?
So, David Murray might once again be the owner?
This is going to get verrrrrryyy complicated!
Could be.Quote:
Originally Posted by The Falcon
Actually, I always maintained that David Murray HAD to have known about the Ticketus deal as well. If he didn't, then he didn't do his due diligence very well.
Jeez, I feel I've just regressed into 2011.....:rolleyes:
Not to go over old ground..... aye right :rolleyes:...... but the liquidators do have the right to challenge the sale to Chucky, and possibly have it reversed. Cav managed to convince me that they wouldn't, but.......Quote:
Originally Posted by keekaboo
:cb
Tears of joy.Quote:
Originally Posted by keekaboo
An unexpected twist, didn't think it could ever get any more complicated!Quote:
Originally Posted by CropleyWasGod
So "The Rangers" might be an illegal company?
Quote:
Originally Posted by CropleyWasGod
I think they should make the last three seasons null and void (including all Cup wins) and put all the teams into their respective leagues from August 2011...
Then liquidate Rangers :wink:
The four men of the apocalypse?Quote:
Originally Posted by s.a.m
They certainly played a few games (at least) officially as Sevco. What a guddle.Quote:
Originally Posted by Billy Whizz
Are they, they died yet?
Let's see how fast Ashley grabs his money back if the Murray/Chucky deal was indeed illegal. As CropleyWasGod has been saying, I can't see how Duff and Duffer can be involved in that, they didn't come in till later, but of course it might not actually be about the Murray/Chucky deal in the first place. What a f****** shambles.
So...does this have any significant affect on the zombies? http://www.bbc.co.uk/news/uk-scotlan...-west-30053692 :confused:
Quote:
Originally Posted by Hibee87
Being discussed on this thread
http://www.hibs.net/showthread.php?294185-The-Rangers
What's the possibility that MA haas an inkling of what may happen? Don't know how that would affect things but I guess I'm just surprised that he wouldn't know that legal action was not a strong possibility.
Rangers certainly seem to have an inexhaustible supply of spivs.
Bet they wish it was cash.
Bit of a grammatical catastrophe there. Wee fat fingers on an iPhone :)
didnt CW record conversations with Dum&Dummer,that proved they were in it from the beginning?
D&P were also the only show in town when it came to appoint administrators, which was well dodgy at the time.
Quote:
Originally Posted by ekhibee
If the Duff and Phelps guys have been arrested, it surely has to be the 2012 sale, from D&F to Green, that's being investigated.
If it was the (2011) Murray to Whyte deal, I can't see what the D&F guys have to do with it.
never noticed that :aok:Quote:
Originally Posted by keekaboo
That's not how I remember it. HMRC had their own guys lined up, and there was a virtual race to the Courts to see who would get appointed.Quote:
Originally Posted by seanshow
Scotsman reporting that a warrant will be issued today for CW. How long before the same for DM?
Quote:
Originally Posted by Hibee87
You're welcome
:greengrin
Unless, as Falcon said earlier, it's to do with the Ticketus aspect.Quote:
Originally Posted by keekaboo
Remember that D&P were CW's advisers for years before he got involved with RFC.
That will teach him for messing with MasonsQuote:
Originally Posted by HoboHarry
For gawd sakes. How much more dodgyness can these crooks, cretins and charlatans be linked with?!
Surely its time to hand the whole rotten institution a sack, a few bricks and directions to the nearest canal.
(so much kinder in the long run and i'm sick listening their death throe bleatings)
Quote:
Originally Posted by CropleyWasGod
Cheers, that makes sense
Missed this bit in the BBC report:-
The four men are being questioned over allegations of utterance - signing legally binding documents and purporting to be someone you are not.
...perhaps, in the Ticketus context, pretending to be directors of RFC?
Also:-
this work "was commenced while these employees were part of MCR Partners, prior to its acquisition by Duff & Phelps in October of 2011".
Oh dear now this could get really messy.Quote:
Originally Posted by CropleyWasGod
I hope there are the funds for the legal costs.
Mike could we just......
Don't think it's got anything to do with the current club.Quote:
Originally Posted by Weststandwanab
Agreed, don't think it has anything to do with the club but who knows, mud sticks.Quote:
Originally Posted by CropleyWasGod
Does anyone know if the guy Ashley got on the board has any connection with the 5 accused?
No it has not.Quote:
Originally Posted by CropleyWasGod
I was trying to suggest the current lot may need to ask Mike for another loan to fund the legal costs of the latet fiasco.
But they'll not be liable for any costs? Or have I misunderstood?Quote:
Originally Posted by Weststandwanab
Quote:
Originally Posted by CropleyWasGod
Or maybe Charles Green pretending to be Craig Whyte when the Rangers assets were transferred to Sevco Scotland instead of Sevco ? Whatever the number was. The Duff and Phelps boys must have known there was a scam going on.
Maybe not liable but at the very least I would expect them to consult lawyers to assess any exposure to potential liability.Quote:
Originally Posted by CropleyWasGod
And that will cost big time.
Super Swally shocked
http://t.co/hsnNerLNrE
Did Charlotte Fakes not tweet something along those lines? With documents?Quote:
Originally Posted by greenginger
Shocked that it's taken so long to find out what actually happened perhaps?Quote:
Originally Posted by Weststandwanab
... which would render CG liable to arrest as well.Quote:
Originally Posted by greenginger
Maybe Interpol are already on their way to his chateau :cb
But it's the same club........:stirrer:Quote:
Originally Posted by CropleyWasGod
Quote:
Originally Posted by GordonHFC
Nah - shocked that he's still in the job !!!
Arrest warrant issued for Whyte too.
http://www.bbc.co.uk/news/uk-scotlan...-west-30053692
(doh must read all of thread before posting)
Here's me wondering what Caversham Green has done wrong ...?Quote:
Originally Posted by CropleyWasGod
Charged with disproving many, many Hibs.net myths.Quote:
Originally Posted by grunt
Guilty as hell in my book.
Not sure which agent managed to get these through ...
http://www.bbc.co.uk/news/uk-scotlan...-west-30053689
Team photos from that era often look as camp as a row of tents but the original that the t-shirt is based on is particularly so.Quote:
Originally Posted by Radium
About time too
http://www.bbc.co.uk/news/uk-scotlan...-west-30053692
[originally posted this elsewhere but probably more appropriate here]
Rangers takeover probe increases in scope
The scope of the Police investigation into events at Ibrox has now extended to events up to October 2012, so now covers the period from Whyte buyout from Murray, through the Administration to the (questionable) sale of assets and subsequent Whyte/Green shenanigans.
Green hasn't been named (yet).......... but we live in hope.
http://www.heraldscotland.com/news/h...-club.25885297
Erm.....?who was it that kept on defending Duff and Duffer ?Quote:
Originally Posted by CropleyWasGod
if called as a character witness, would you find yourself otherwise engaged ?
Haha! Bang to rights! Throw away the key! 😊Quote:
Originally Posted by Seveno
Talking of regressing, did you ever find out how the jambo admins got their fee CWG? ;-)Quote:
Originally Posted by CropleyWasGod
In poppies, I believe.Quote:
Originally Posted by HUTCHYHIBBY
An update from the liquidators :-
http://www.bdo.co.uk/__data/assets/p...ember-2014.pdf
It looks like they've got a payment from Collyer Bristow which will add substantially to eventual payouts to the creditors. They also seem to think the BTC will stay largely in Rangers' favour after further appeals.
Clause 5 in the report states that costs of the EBT appeal have so far been met by a Third Party , but going on to the next stage the third party wants Rangers ( in Liquidation ) to contribute.
Any ideas who the third party is ? maybe someone with an even bigger EBT bill. :greengrin
Quote:
Originally Posted by greenginger
DM perhaps?
(not Danger Mouse, though you never know)
This stuck out for me:-
The Joint Liquidators have requested, from the former Joint Administrators, detailed
explanations regarding certain aspects of the strategy implemented by them during the
Administration. There remains on-going correspondence in this regard.
I like it. :greengrin
£24m. That's quite a result.Quote:
Originally Posted by ballengeich
Is there any connection between CB's willingness to settle in full, and Gary Withey's arrest?
:cb
http://www.bbc.co.uk/news/uk-scotlan...-west-30084830
Four men in court over alleged fraud after Rangers sale in 2011(Clockwise from top left) Gary Withey, David Grier, Paul Clark and David Whitehouse (Clockwise from top left) Gary Withey, David Grier, Paul Clark and David Whitehouse
Continue reading the main story
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Craig Whyte arrest warrant issued
Four men have appeared in court charged with fraudulent activity following a probe into the sale of Rangers in 2011.
David Grier, Paul Clark and David Whitehouse worked for Duff and Phelps, who were Rangers' administrators.
Gary Withey worked for law firm Collier Bristow, which represented Craig Whyte before he bought Rangers from Sir David Murray for £1 in 2011.
All four made no plea or declaration at Glasgow Sheriff Court and were granted bail ahead of a future hearing.
Mr Grier, Mr Clark and Mr Whitehouse were also charged with attempting to pervert the course of justice.
Where is Craig Whyte? On the run from the law?
I am imagining him and Charles Green organising a hurried bonfire of various papers before fleeing Green's castle in haste, en route to Monaco in the gardener's battered 2CV (the Bentley attracts too much attention), arguing the entire way about who's fault it is that they've been rumbled.
Nah.Quote:
Originally Posted by jacomoseven
They're using Chucky's horses. They have scarves over their mouths, tricorn hats and a bag that says "le Swag".
:kbacker::kbacker:
Quote:
Originally Posted by ballengeich
February to September 2014 and BDO have taken just over 500k in fees (after taking off the 'outlay' mentioned in the report)
Nice work if you can get it.
Quote:
Originally Posted by keekaboo
Makes up for the discount job they did for the Yams.
http://www.bbc.co.uk/news/uk-scotlan...-west-30084838
And a further twist, BDO who were appointed by HMRC to investigate and liquidate Old Co Rangers, are going to use some of the proceeds they have won for the creditors to fund a defence of Old Co against EBT claims appeals by HMRC.
Bizarre ! :confused:
Totally. It's a cast of characters and no mistake. Crooks, fraudsters and shysters.Quote:
Originally Posted by greenginger
If as suspected the EBT case will come down largely on the side of Oldco Rangers, (having already been judged in their favour twice) what HMRC will be left with the legal bill. What an absolute mess.
Surely someone at HMRC will surely be held accountable for this shambles? Or do they just walk away from the mess scot free as well?
Why would HMRC be held accountable?Quote:
Originally Posted by AndyM_1875
They are pursuing the EBT case for a number of reasons. The most important is to establish a precedent to enable them to pursue others; that is secondary to the question of whether they will recover any money from RFC(IL).
To do otherwise would be wrong, IMO.
As an Unsecured Creditor will they get anything?Quote:
Originally Posted by CropleyWasGod
I understand about the precedent but that's been lost twice already in the Tribunals and legal opinion appears to suggest strongly that it won't be won in respect of RFC Oldco.
In short, throwing more good money after bad.
Having had my own issues with HMRC I know what a useless, incompetent shower of an organization they are.
BDO's legal opinion says that. HMRC's obviously says different.Quote:
Originally Posted by AndyM_1875
HMRC will get a return from the liquidation, no matter what.
Surely it's the mystery masked man-The Lone(or loan)(A)Ranger.Quote:
Originally Posted by CropleyWasGod
I see they have started making redundancies
http://www.bbc.co.uk/sport/0/football/30109897Quote:
Originally Posted by saltandsauce
Administrative staff?
The more obvious targets of players earning 7k a week who aren't actually playing (e.g. Shiels, Miller) seems to be getting missed.
Two players at that level out the door and they could save 3/4 of a million a year
I'm giving them nothing :greengrinQuote:
Originally Posted by keekaboo
The problem with the players is that, as they are on fixed-term contracts, those contracts will probably be payable in full. Thus not really a saving. In fact, it's worse as the money would be payable now rather than over the life of the contract.Quote:
Originally Posted by AndyM_1875
Sorry, my bad. Meant to say tell them to find new clubs in January. Get the prep work done now with their Agents and they can sign for their new clubs as soon as Transfer Window opens.Quote:
Originally Posted by CropleyWasGod
That of course assumes anyone wants them which is another discussion altogether.
In addition to the point made by CWG, when a company makes people redundant there's a time period has to elapse before they can recruit new employees to do the same work. I don't know how long the time is, but making footballers redundant now might mean they couldn't bring in new signings next summer.Quote:
Originally Posted by AndyM_1875
Transfers and loan deals in the January window will be a better way to save on the playing budget, even if Sevco have to keep paying part of the leavers' wages, as few of them will get the same anywhere else.
That would be the sensible thing to do but would they get offered nearly as much elsewhere? I think it's unlikely they would and even less likely they would be willing to move for less money.Quote:
Originally Posted by AndyM_1875
Quote:
Originally Posted by dangermouse
Pleased to hear it
http://www.hibs.net/images/smilies/winky.gif
If you are Dean Shiels are you really going to move on?. He'll never earn money like it elsewhere.Quote:
Originally Posted by AndyM_1875
Surely a loan deal with someone paying a percentage is better than paying it all yourself. The benefit to Shields is that he could be putting himself in the window rather than rotting in U20s or bounce gamesQuote:
Originally Posted by jacomoseven
Clearly The Rangers weren't very forward thinking when it came to giving them contracts if there were no clauses in which they could be released, particularly given their funding issues at the time.Quote:
Originally Posted by CropleyWasGod
In order words, you reap what you sow. You have to feel sorry for those being made redundant. Its crap at the best of times, let alone just before Christmas
A second arrest warrant issued for he who has 'off the radar' wealth. And I was told tonight that the IPO is being torn apart next, which could cause issues with the current setup as the training facilities and ground were something to do with it?
If that's the case, Chucky is next for the felt collar.Quote:
Originally Posted by jonty
Good use of the European Arrest Warrant.Quote:
Originally Posted by CropleyWasGod
What is the IPO?Quote:
Originally Posted by jonty
http://www.ft.com/cms/s/0/1e685aea-4...#axzz3JeAjpPMLQuote:
Originally Posted by Badge the Hibee
http://www.heraldscotland.com/sport/...loses.19714169
CheersQuote:
Originally Posted by jonty
What on earth did these institutions ever think they were going to get from investing in Rangers.At least Ashley knew what he was doing.
Quote:
Originally Posted by ancient hibee
It would'nt be the institutions themselves , but individual fund managers with Rangers leanings who would think it a good idea to take a punt on the shares and help there Club at the same time. A half million is nothing when its not your own money and can be excused as just a bad call when it all went bad.
Charles of Normandy has apparently signed his Chateau over to his wife...Quote:
Originally Posted by CropleyWasGod
What I can never get my head round is that D&P had an irrevocable agreement to sell the assets to Sevco 5088 buy they didn't, they sold it to Sevco Scotland.
That's probably one of the issues that BDO have, which they referred to in their report this week.Quote:
Originally Posted by Cropley10
Quote:
Originally Posted by Cropley10
Wasn't it the case that they did sell it to Sevco 5088 but all assets were then transferred to Sevco Scotland?
Or is this just yet another aspect of the whole shenanigans that has my head in a spin? :greengrin
When I wrote my previous post, my head was spinning a bit too.Quote:
Originally Posted by keekaboo
I'm pretty sure you're correct.
However, the only source I can find was this:-
“For the avoidance of doubt, Sevco 5088 Limited bought the assets of the Rangers Football Club and then transferred them to Sevco Scotland Limited so that all the assets would be in the Scottish registered company that is Rangers FC.”
.. from... ahem...a representative of Philip Green. :cb
That said, BDO will have a right to clarify the issue, as well as the price paid.
Quote:
Originally Posted by CropleyWasGod
Thanks.
So it's possible but still not guaranteed. Much like many other 'facts' in this case.
I can't wait for the Chucky Green arrest warrant. I presume that will have just been motivated by 'the bigots' as well :wink:
Could I suggest you change Philip to Charlie-I suspect Mr Green(monaco)has his minions searching the net for indiscretions.Quote:
Originally Posted by CropleyWasGod
Ha... telt you ma heid was spinning. :greengrinQuote:
Originally Posted by ancient hibee
Quote:
Originally Posted by CropleyWasGod
"Philip Green sues hibs.net for slander"
"CropleyWasGod forced to sell Cropley Towers to pay court costs"
All foreseen.Quote:
Originally Posted by keekaboo
The house is in an EBT.
I'll TUPE myself over to a new company and start again under the name CropleyWasASlightlyLessInfallibleDeity.
HMRC can have the kids.
Can I buy security on your garden shed for a pound?Quote:
Originally Posted by CropleyWasGod
If you promise to cut the grass and feed the two tramps that live there. ......Craig and Charles they're called.Quote:
Originally Posted by Hibby70
I thought the proclaimers had gone quiet recently.Quote:
Originally Posted by CropleyWasGod