Couldn't be, could it?
https://www.indymedia.org.uk/en/2010...8393.html?c=on
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Couldn't be, could it?
https://www.indymedia.org.uk/en/2010...8393.html?c=on
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Where's that Daffy Duck gif when you need it? :greengrinQuote:
Originally Posted by Ozyhibby
It's strange that King welcomes these two Workington shareholders as he didn't seem to like the idea of having people involved in RIPFC who had interests in other clubs when he proposed Resolution 11 at the Sevco AGM
11. “THAT: the Articles of Association of the Company, be and are hereby amended by inserting a new Article 15.3 as follows:-
“No member shall be entitled to vote at any general meeting or at any separate meeting of the holders of any class of any shares in the Company, either in person or by proxy, in respect of any shares held by him (whether absolutely or as a trustee, either alone or in conjunction with one or more associates or solely through an associate or associates (even where such person has no formal interest)) if he is involved in any capacity whatsoever in the management or administration of a Club, or has any power whatsoever to influence the management or administration of a Club and the Directors of the Company shall be entitled at their sole discretion and without issuing reasons therefor to determine whether or not a member does have such involvement in or power to influence a Club.
For the purposes of this Article “Club” shall mean any football club in membership of a national association which is in membership with FIFA other than Rangers Football Club.”
Just as well his pal, Big Mike, stopped him from making a fool of himself.
http://www.scotzine.com/2016/01/rang...-million-loan/
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https://www.highbeam.com/doc/1G1-73157370.html
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You are on a roll today Ozy dear boy...... :greengrinQuote:
Originally Posted by Ozyhibby
Brilliant. :cbQuote:
Originally Posted by Ozyhibby
CWG - is there any benefit at all to DK driving them to admin or worse? The decisions he makes are just bereft of logic....Quote:
Originally Posted by CropleyWasGod
It's not that it's bereft of logic.... it just reeks of the same old story. ie that RIFC can't get money from anywhere other than the dodgiest of sources. I'd love to see the actual terms of this latest loans. Sure, the Bears will lap it up if SD are paid off, but I can't see it as anything other than (probably expensive) window-dressing.Quote:
Originally Posted by HoboHarry
As for admin, that's no likelier or unlikelier than it was before. They still need cash, at least to get them until the STs go on sale. DK seems to be gambling everything on that.
It was stated somewhere (possibly in court?) that they were not being charged interest or late payments on the overdue loan from SD. If that is true they would have been better off with the status quo surely? I am struggling to believe that these chancers are loaning money from the goodness of their hearts......Quote:
Originally Posted by CropleyWasGod
They were not being charged interest but whilst they owed the money to MA I believe he was getting a higher % of the merchandise sales. If admin was to come, they also wouldn't want MA having and securities I would imagine.Quote:
Originally Posted by HoboHarry
It is comforting to know/see that The Rangers, are still meddling with some dodgy characters in an attempt to free themselves of a huge monkey round their back. It would be pleasing, or shall we say correct if we could see some sort of investigation from the SFA, given the known facts about Scott in particular and that The Rangers are actually putting him forward as a person fit to be involved in Scottish football. will 2016 be the year we see the SFA clean up their act,and this total farce?
You couldn't make this up. :faf:Quote:
Originally Posted by Ozyhibby
SFA : Nothing to see here, move along.Quote:
Originally Posted by GreenLake
page seems to have been taken down😕Quote:
Originally Posted by Ozyhibby
Unless the dodgy duo are to become directors (I've not seen that anywhere or anything official that will swap loans to shares in the future) then they won't need to be put forward for the fit and proper test or have a level of shareholding that would interest the SFA.Quote:
Originally Posted by monktonharp
I thought that rule had been changed? I'm pretty sure after Vlad, the rules were changed so that all involvement was covered.Quote:
Originally Posted by Jack
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Would that not mean anybody signing up to our very own HSL scheme would be subject to sfa/spfl checks?Quote:
Originally Posted by Ozyhibby
You could be right. They appear to have lent the money to RIFC even though TRFC borrowed the money from SD. Don't know if that is significant.Quote:
Originally Posted by bingo70
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http://images.tapatalk-cdn.com/16/01...fa1a141f50.jpg
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I see one of the boys loaning THEM money is none other than...
Attachment 15827
trying to become cleaner than clean?
Rangers claiming it's a different Barry Scott.Quote:
Originally Posted by jabis
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It's about control.Quote:
Originally Posted by bingo70
Vlad, although not a shareholder or director, had control over Hearts. STF is the same.
HSL don't have control. Neither do these guys.
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It's back up.Quote:
Originally Posted by jabis
Two amendments, covering themselves if the Barry Scott investing is not the same person as the Barry Scott who fled the country to avoid prosecution for fraud.Quote:
Originally Posted by oldbutdim
Bang and the fraud is gone!Quote:
Originally Posted by grunt
JJ on the the loan
https://johnjamessite.wordpress.com/...cern-squirrel/
Pretty much zero content in his blog posts these days.Quote:
Originally Posted by Brunswickbill
Here's his follow up post. He seems to go with the "Barry Scott is a criminal" view. It seems to me that Barry Scott is a fairly common name - it would be helpful if someone could ascertain for sure if the investing Barry is the same person as the fraudulent Barry.
https://johnjamessite.wordpress.com/...-ponzi-scheme/
😂😂😂😂😂Quote:
Originally Posted by jgl07
:greengrinQuote:
Originally Posted by jgl07
https://johnjamessite.wordpress.com/...e-engineering/
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Scotzine have accepted that the Barry Scott who has lent RIFC money is not the same one who fled the country.
Nice apology from the Scotzine chap. Wonder if JJ will follow up with an apology too?Quote:
Originally Posted by CropleyWasGod
Someone also raised that point on JJ's blog. The comment was then deleted, presumably by JJ.Quote:
Originally Posted by grunt
The company he mentions, Ibrox Park Holdings PLC, definitely isn't a UK company.
And he hasQuote:
Originally Posted by grunt
Quote:
Originally Posted by JJ
He has now.Quote:
Originally Posted by grunt
He hasn't, however, published my 2 queries about his "elegant solution". :greengrin
An 'elegant solution' to JJ would probably be any that use words like 'predicated' 'fallacious' and...most definitely...'posit', regardless of the practicality of the solution :greengrinQuote:
Originally Posted by CropleyWasGod
The Rangers delve into their transfer war chest again and sign another player.
http://www.skysports.com/football/ne...ciej-gostomski
To date; Transfers 2 - Total Spent = £0.00
I read somewhere that the first player they signed had to buy out his own contract before signing for Sevco....Quote:
Originally Posted by Sergey
Both are for a whopping 6 month deals...
Looking through a few pages the thread there seems to be a lot of links to two particular bloggers, Phil somebody and JJ. Never heard of either so wondering if their articles hold water or if it's just a load of wind and pish? Started to read one and lost interest half way through.
Quote:
Originally Posted by EdinMike
"This is a great opportunity for me and with my experience I think I can bring something to Rangers," Gostomski told the club website.
"They are a huge club with a great history and I am delighted to be here."
Em, no. :greengrin
JJ tends to be wind and pish, Phil less so.Quote:
Originally Posted by Carheenlea
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Lots of wishful thinking.Quote:
Originally Posted by Carheenlea
Where's Barry?Quote:
Originally Posted by CropleyWasGod
Attachment 15829
PMc writes like a 12-year-old though. For the avoidance of doubt, it's tough going.Quote:
Originally Posted by Ozyhibby
This is true.Quote:
Originally Posted by magpie1892
If the real Barry Scott decides to take legal action, JJ might go quiet for a while. Accusing him of being a criminal based on mistaken identity is a bit dumb.Quote:
Originally Posted by Ozyhibby
and at least 1 is a idiot making quotes like they are a huge club with a fantastic history, or words to that effect. big yes, historic, eh..............naw bigoted, certainly hugeQuote:
Originally Posted by EdinMike
But which Barry Scott are we talking about?Quote:
Originally Posted by jacomoseven
There's seem to be at least three or four.
1. The Cillit Bang guy
2. The BNP Aberdeen organiser
3. The shady guy from Hong Kong
4. The Workington investor, or is that the one above?
The question remains as to why anyone would want to 'invest' in Rangers who was not a fool or a crook?
They have been haemorrhaging cash for so long that it does not seem a viable investment project. Something smells somewhere.
I will now unreservedly retract this post, given the 'fact' that the afforementioned 'Scott' is not the 'Scott' refered to originally. the only other 'Scott' I have seen recently in the news was 'Barry Scott' from Aberdeen, who was charged for assault while acting as a bouncer, while trying to prevent damage to a 'trailer' inhis home town, which depicted slogans such as @keep Britain british ' and BNP. Correct me if I am wrong anyone. does have a certain ring to it though.Quote:
Originally Posted by monktonharp
Good to see 'straight down the line' guys like Douglas Park , of Park coaches Hamilton, now involved with The Rangers. A guy that renewed his entire bus fleet with the proceeds of his work, during the miner's strike albeit 30 years ago by supplying buses to scab labour and police squads. another red white and blue mob being Yuill and Dodds of Strathaven, now operating with a good fleet in haulage. that's the kind of guys that will drag The Rangers out of the mire. :rolleyes:
I think Barry Scott the crook will be suing Scotzine for saying he would be stupid enough to invest in Sevco
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love itQuote:
Originally Posted by Ozyhibby
There is a post on SFM from some Bluenose who says he knows the Barry Scott who is investing :confused: in Rangers and says he comes originally from Hawick.
Don't know if that info is any use.
He might be trying to hoik something.Quote:
Originally Posted by greenginger
:faf:Quote:
Originally Posted by Ozyhibby
Best post in the whole thread.
Was one of the many RIFC court cases not meant to get an airing today ? maybe Chuckie's reclaiming motion.
Also the £ 5 million repayment has gone quiet , has it all gone through without a trumpet blast or waiting on a few minor details.
James Doleman @jamesdoleman · 3m3 minutes agoQuote:
Originally Posted by greenginger
At Edinburgh High Court for pre-trial hearing in case against Craig Whyte, Charles Green and others.
James Doleman @jamesdoleman 33s34 seconds ago Appears to be a new charge against Craig Whyte: Refusing to give police passwords for 2 mobile phones and a laptop when ordered to do so.
0 retweets 0 likes
New indictment accuses Charles Green of taking over £200k from Rangers Youth Development Ltd to help "Sevco" purchase the Club's assets.
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James Doleman @jamesdoleman
According to the new indictment Craig Whyte is accused of fraudulently obtaining a total of £28,262,094 from Ticketus and Merchant Capital
It will be interesting to hear SDM in the witness box on that one [emoji6]Quote:
Originally Posted by hibernia_inn
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James Doleman @jamesdoleman
According to the indictment Charles Green is accused of fraudulently obtaining the sum of £5,500,000 to purchase the "assets of the club
Charles Green is also accused of raising £21 million "by fraud" during the Rangers IPO to the stock market.
Are Sevco liable for this? They are the beneficiaries of the IPO?
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James Doleman @jamesdoleman 3m3 minutes ago
Green is also accused of "defrauding" investors of Rangers International Football Club and "Sevco 5088 ltd"
That would depend on the nature of the fraud, I reckon.Quote:
Originally Posted by Ozyhibby
If it was, for example, based on an asset base that didn't exist, that would be a new can of worms that would probably bring down the company.
If there was fraud, the victims would have to bring a civil case to recover their losses. I would expect that to be against the perpetrators. ....ie those found guilty...but also the company.
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[emoji23]Quote:
Originally Posted by CropleyWasGod
Please,please,please.....
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http://www.philmacgiollabhain.ie/the...d-information/
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Who is Gordon Parks? :confused:
Gordon Parks @Parksy327 29m29 minutes ago
Huge story breaking at Ibrox in next hour...more to follow
Edit: Meant to say my mate send me this
Daily RecordQuote:
Originally Posted by Hibee87
http://www.dailyrecord.co.uk/authors/gordon-parks/
Record Journo. Warburton probably bought a new Magic hat at xmas and is modelling it on the back page. :greengrinQuote:
Originally Posted by Hibee87
I see, so prob someone with a bit of knowledge. I thought it was just a random dude.Quote:
Originally Posted by Golden Fleece
Coincidentally, Ozy posted a link suggesting the 5m due to SD was going to be rejected, that might be the 'huge' news :rolleyes:
Looks like he's at the wind up.Quote:
Originally Posted by Hibee87
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I could do with a 'Carslberg' day given how terrible being back at work is.
Please please please...
Aye, just seen that....PwickQuote:
Originally Posted by Ozyhibby
Gordon Parks @Parksy327 13m13 minutes ago Sorry folks, that's the last time I leave laptop unguarded in officeQuote:
Originally Posted by Ozyhibby
What is he doing?
Ok, I gotta it......
You can imagine the giggling in the Daily Record offices as they stick it right up Celtic fans.Quote:
Originally Posted by Golden Fleece
Sad state of affairs for a newspaper.
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James Doleman @jamesdoleman 2m2 minutes ago
Craig Whyte also accused of fraud against the SFA by not disclosing previous bar on being a company director during "fit and proper" test
Should that read, SFA don't conduct 'fit and proper' test correctly? Surly the SFA should also be checking this basic of things? :confused:
or is it a case of, hey mr new chairman, any reason why your not a fit and proper person?
Chairman: naw, im squeeky clean.
SFA: Passed.
School boy humour? showing his conkers to the lad next to him? gotta be better than pretending to be a journalist / breaking an actual story?Quote:
Originally Posted by HoboHarry
:agree: Now saying he left his laptop unguarded. No doubt called into the Editors office and told not to run it. :greengrinQuote:
Originally Posted by Ozyhibby
Green is also accused of "defrauding" investors of Rangers International Football Club and "Sevco 5088 ltd"
Isn't the only other investor in 5088 Craig Whyte? Does this mean that Craig Whyte will have a claim on the assets? 5088 were the company who had the agreement with D&P to buy the assets.
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... and Aidan Earley. Is he charged with anything?Quote:
Originally Posted by Ozyhibby
http://www.celticquicknews.co.uk/pre...medium=twitter
Summary of this mornings proceedings.
Try ignore the duplicate paragraphs in it.
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But there is the wider question about whether D&P had the right to sell to Sevco anyway, without offering the company or assets to the wider market. If that's also held to be fraud, CW is party to that; he couldn't have much of a claim.Quote:
Originally Posted by Ozyhibby
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In that scenario, would BDO not have a claim on the assets on behalf of the old club?Quote:
Originally Posted by CropleyWasGod
With so many claims outstanding it's hard not to see this having an affect on the new club.
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James Doleman @jamesdoleman 3m3 minutes ago Another part of the indictment states Charles Green paid £200k for right to buy RFC, Craig Whyte then refunded him £137,500 via Ahmed's mum.
I sent that to a Celtc supporter at work and he came back with this....Quote:
Originally Posted by Ozyhibby
Any thoughts on the second para?? CWG?
So much fun: “basket of assets”, “is now a football club” etc etc :)
Another conspiracy theory is that DK is planning on another asset transfer to a HK registered company and will liquidate the current entities which will remove Mike Ashley from the picture. This will also shaft most of the current shareholders as the “new” board can convert the current loans into equity as they see fit (but which they couldn’t do with the current set up because of MA and the Easdales) .
It’s amazing how a football club can be used to generate so much money for so many criminals over such a long period, although I guess it helps to have a gullible fan base who believe anything and are desperate to hold on to anything rangersish…..
you know more than most on here about how this stuff works, but wouldn't it be "simply the best" if CW ended up with a lion's share of any of this shambles? too much to hope for, I know but would be niceQuote:
Originally Posted by CropleyWasGod
What conditions? Presumably, a renegotiation of the original retail contract?Quote:
Originally Posted by Ozyhibby
If SD won't accept repayment of the £5m, will King use it to keep the lights on this season?
Yup, but then that's always been on the cards since the day Sevco bought the assets for £5.5m. If it hadn't have been a criminal case, it would have been a civil one brought by BDO.Quote:
Originally Posted by Ozyhibby
https://rangersfraudcase.wordpress.c...ctment-part-1/
Here is part one of today's indictment
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JJ posited that the other day. I queried it, and he (perhaps wilfully) got the wrong end of the stick.Quote:
Originally Posted by Golden Fleece
First off, I'm not sure DK could do that without greater shareholder support than he already has.
More importantly, the issue I have is that the assets would be sold for £1. HMRC would not like that, given that that would be less than market value, to a connected company. They would aggressively pursue the old company for the tax that should have been due. That would result in a liquidator being appointed, and a similar scenario to that currently being experienced by the old version of rangers.
There's also the small matter of whether the SFA licence could be transferred.
And many others on JJ's site have picked other holes in the scenario.
I'm sure I remember reading (probably on here) about CW's bar on being a director within about 30 seconds of the first mention of his name. Maybe the SFA should have googled his name or something.Quote:
Originally Posted by Hibee87
Was thinking this might be an interesting wee precedent for any Judge considering Ashleys review of the test that was applied when the glib and shameless one was deemed fit and proper.Quote:
Originally Posted by portycabbage
Might it go something like - what is the process that you actually go through before coming to a decision on whether someone is fit and proper and how did you apply it in the case of CW? Or any of the others for that matter.
Nae wonder the original club is now defunct.
Here is a summary of the charges that was posted on SFM
----------
I’m unable to discuss any matters discussed in court today but here is a summary of the updated indictment, which is a public document.
CW – Whyte, GW – Withey, DG – Grier, DW – Whitehouse, PC – Paul Clark, CG – Green, IA Ahmad
Substance of the charges:
1. CW, GW, DG, DW, PC conspired to obtain funds by fraud from Jerome, Merchant and Ticketus to fund the fraudulent purchase of the club (offence was aggravated)
• CW & GW obtained £2,825,000 by fraud from the trustees of the Jerome Pension Fund
• CW & GW obtained £1,000,00 by fraud from Merchant Turnaround PLC
• CW, GW & DG made false representations to Rangers Independent committee about the funding of the purchase
• CW & GW obtained £24,337,094 by fraud from Ticketus
• CW & GW made false representations to the Takeover panel re the funding
• CW failed to disclose a disqualification as a director
• CW & GW made false representation to the PLUS stock exchange re CW’s disqualification
• CW, GW & DG made false representations to Murray Holdings Ltd re funding of the purchase and the future funding of the club including the wee tax case (£2,800,000) and an H&S liability (£1,700,000)
2. CW & GW contravened the proceeds of crime act using the £28,262,094 obtained by fraud when purchasing the club
3. DG, DW & PC failed to report suspicions of Money Laundering by CW & GW using “Financial Assistance” to purchase the club, contrary to the proceeds of crime act
4. CW, GW, DG, DW, PC did conspire together to act as in Charge 1
5. CW & GW breached the Companies Act by using the clubs own money to fund the acquisition (Financial Assistance”
6. CW & GW committed fraud by failing to disclose CW’s disqualification to the SFA
7. CW & DG committed fraud by falsely submitting invoices for £253,800 to Rangers which should have been submitted to Liberty Capital.
8. CW & DG committed fraud by falsely submitting invoices for £409,320 to Rangers which should have been submitted to Liberty Capital.
9. CW & DG committed fraud by falsely submitting invoices for £66,120 to Rangers which should have been submitted to Liberty Capital.
10. CW, GW, DG, DW & PC conspired to defraud creditors, including non-payment of taxes and while they ran the club in order to facilitate CW in buying back the club debt free, which was in breach of the Companies Act
11. DW & PC perverted the course of justice when stating to Lord Hodge that they were unaware of the Ticketus arrangements
12. CW, GW, DW, PC, CG & IA conspired to defraud creditors by purchasing the club’s business and assets significantly below market value.
• CW, DW & PC sought to put the club in administration• Caused the court to appoint DW & PC as administrators
• DW & PC falsely pretended to act in the interests of all creditors
• CG falsely presented himself as an independent purchaser
• DW & PC pretended that the purpose of administration was to get the best return for creditors
• CW acquired Sevco 5088 of which CG was appointed director• CG received £25,000 from CW to pay legal fees related to Sevco 5088
• CG paid the legal fees with the £25,000
• IA paid the administrators DW & PC £200,000 as an exclusivity fee
• DW & PC granted Sevco 5088 exclusivity to the exclusion of other prospective purchasers
• CW paid £137,000 into IA’s mother’s account as part payment of the exclusivity fee
• DW & PC completed a sale and purchase agreement with CG on behalf of both Sevco 5088 and Sevco Scotland for a price of £5,500,000, significantly below market value.
• DW & PC falsely advised creditors that SPL prize money was reflected in the consideration paid for the assets, but the sale and purchase agreement reflected a “nil” consideration
• Permitted the transfer of £291,823.10 from Rangers Youth Development to help fund the purchase of assets
13. CW, GW, DW, PC, CG & IA participated in a conspiracy to purchase the business and assets of the club depriving creditors of the rightful sums due to them and the material benefit going to themselves
14. CW and IA defrauded investors in Sevco 5088 and RIFC, acquiring money and shares by fraud and to increase the value of their shares in RIFC
• CW pretended he had no interest in Sevco 5088• Induced investors to put £5,500,000 into Sevco 5088
• CG caused the change of exclusivity from Sevco 5088 to Sevco Scotland without proper approval
• CG did appropriate the £5,500,000 invested in Sevco 5088 by fraud without the investors knowledge or agreement
• CG & IA allotted themselves 2,000,000 shares
• CG & IA changed the name of Sevco Scotland to The Rangers Football Club
• CG & IA appointed Cenkos as a nomad but failed to advise them of the source of funding through Sevco 5088
• CG & IA thereby raised £21,000,000 in the IPO by fraud
15. CW failed to provide police with mobile phone and laptop passwords, when requested, in breach of the Regulation of Investigatory Powers Act by police contrary to the Regulation of Investigatory Powers Act
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Thanks for the summary Oz. What is the long version? 😉
Jeez, so that's why Walter Smith left. He obviously saw all this coming.Quote:
Originally Posted by Ozyhibby
This is what Bomber Brown was trying to tell everyone but we mocked him.