The following post comes about as a result of the research and work put in by Auldheid.
He has drafted the submission to FIFA detailed below after closely looking at their rules, and taking on board the points contained in the Glasnost “Golden Rule” blog. TSFM has attached the blog’s name to the report since the overwhelming – but not unanimous – view of our readership is that the SFA and the SPL have again gotten themselves into an almighty and embarrassingly amateur fankle over this issue.
We believe that tens of thousands of football fans will be lost to the game if the outcome of the LNS enquiry is not perceived to be commensurate with the scope and extent of the rule breaking that LNS found had taken place. In view of this, we believe that we have to do what we can to explore all possibilities for justice for those who love the game so much and yet are utterly disillusioned by recent events.
LNS is not being questioned here. He has found that RFC were guilty as charged by the SPL.
What is being questioned is the SFA’s crucial – and seemingly conflicted – role in the LNS enquiry, as is the effectiveness of LNS’s recommended sanction as either a deterrent or an upholder of sporting integrity.
It came to our notice last week that FIFA have created a web site at
https://www.bkms-system.net/bkwebanon/report/clientInfo?cin=6fifa61&language=eng
that tells us that FIFA have implemented a regulatory framework which is intended to ensure that all statutory rules, rules of conduct and internal guidelines of FIFA are respected and complied with.
In support of that regulatory framework FIFA have set up the above site as a reporting mechanism by means of which inappropriate behaviour and infringements of the pertinent regulations may be reported.
FIFA say that their jurisdiction encompasses misconduct that (1) relates to match manipulation; (2) occurs in or affects more than one confederation, so that it cannot adequately be addressed by a single confederation; or (3) would ordinarily be addressed by a confederation or association, but, under the particular facts at issue, has not been or is unlikely to be dealt with appropriately at that level.
Discussions arising from the previous blog on TSFM, “Gilt Edged Justice”, which was published after Lord Nimmo Smith (LNS) ruled on the registration of Rangers players who had contractual side letters that were not disclosed to the SFA as part of their registration, suggest that there may be possible unfortunate consequences for football arising from the evidence presented by the SFA to the LNS enquiry that informed its findings on registration and consequent eligibility. There is also a question of the propriety of the SFA providing evidence on an issue which could have had a negative impact on them had it been found that they had failed to carrying out their registration duties with due rigour over a period of ten years when the existence of EBTs was known to officials within the SFA.
On the basis that the LNS findings require that registration rules be clarified by FIFA and rewritten globally if necessary to remove any ambiguity and under clause 3 above, this appears to be an issue that the FIFA should examine and that the SFA cannot address.
The following report has therefore been submitted by TSFM on behalf of its readers to FIFA drawing on the content and debate following the “Gilt Edged Justice” blog in respect of the possible footballing consequences of the LNS enquiry.
The hope is that by speaking for so many supporters, FIFA will give the TSFM submission some weight, but individuals are free of course to make their own points in their own way. We await acknowledgement of the submission.
The report Submitted to FIFA is as follows;
This report was prepared on behalf of the 10,000-strong readership of The Scottish Football Monitor at http://scottishfootballmonitor.wordpress.com/
It is our belief that FIFA general rules of conduct were breached by the SFA and their employees in both creating and then advising The Lord Nimmo Smith (LNS) enquiry into the non disclosure of full payment information to the Scottish Football Association (SFA) by Rangers F.C during a period of player registration over 10 years from 2000.We believe that although the issue has been addressed by the SFA the particular facts at issue suggest that it has not been dealt with appropriately and we therefore ask FIFA to investigate. The facts at issue are that the process and advice given failed to uphold sporting integrity, and that a conflict of interest was at play.
We believe the advice provided and the enquiry set up, where SFA both advised and is the appellant body, breaches not only the integrity the registration rules were intended to uphold, but also totally undermines the integrity of the SFA in breach of General Conduct rules 1, 2 and 4. (See below.)
1. Firstly we believe that the advice supplied to LNS that an incorrectly registered player was eligible to play as long as the registration was accepted by the SFA however unwittingly, undermines the intent of the SPL/SFA rules on player registration and so undermines the integrity of football in three ways.
• It incentivises clubs to apply for a player to be registered even if they know that the conditions of registration are not satisfied, in the hope that the application will somehow ‘slip through the net’ and be granted anyway (in which case it will be valid until revoked).
• A club which discovers that it has made an error in its application is incentivized to say nothing and to ‘let sleeping dogs lie’ – because it would be in a better position by not confessing its mistake.
• And most importantly, it incentivises fraud. By deliberately concealing relevant information, a club can ensure that a player who does not satisfy the registration conditions is treated as being eligible – and therefore allowed to play – for as long as a period as possible (potentially his entire spell with the club). Then, if the club is no longer around when the deception is finally discovered, imposing meaningful sanctions may be impossible.
2. Secondly we believe the process followed was inappropriate due to a Conflict of Interest. Had the LNS enquiry not ruled on the basis of advice supplied by The SFA, they and those persons advising the LNS enquiry, could have been subjected to censure and the SFA to potential compensation claims had LNS found that the players were indeed ineligible to play and results then been annulled as was SFA practice when an ineligible player played.
3. Finally we contend that a law should not be applied according to its literal meaning if to do so would lead to an absurdity or a manifest injustice or in this case loss of football integrity.
See http://glasnostandapairofstrikers.wordpress.com/2013/03/07/gilt-edged-justice/4. We therefore ask FIFA to investigate both the process used and advice given to Lord Nimmo Smith to satisfy themselves that FIFA’s intentions with regard to upholding the integrity of football under FIFA rules have not been seriously damaged by the LNS findings and also to reassure Scottish football supporters that the integrity of our game has not been sacrificed by the very authority in whose care it has been placed to promote the short term cause of commercialism to the games long term detriment.
General Rules of Conduct (These are taken from the FIFA web site itself and can be found as part of completing the submission process)
1. Persons bound by this Code are expected to be aware of the importance of their duties and concomitant obligations and responsibilities.
2. Persons bound by this Code are obliged to respect all applicable laws and regulations as well as FIFA’s regulatory framework to the extent applicable to them.
3. N/A
4. Persons bound by this Code may not abuse their position in any way, especially to take advantage of their position for private aims or gains.
Long Time Lurker says:
Tuesday, April 9, 2013 at 21:54
From Paul McC’s site from June 2012 –
“Maybe Sevco 5088 Ltd will sue for breach of contract!”
Looks as if this is playing out.
I was literally about to say that 🙂
very prescient of paul…..
paul can you predict for me…. lets say the lotto numbers…..
smartbhoy says:
Tuesday, April 9, 2013 at 21:58
Rumours on Twitter that McCoist punched Green today…
===============================================
Well if that is indeed true, then shirley McCoist will be off the premises immediately on suspension – quickly followed by sacking for gross misconduct ?
…and with no pay-off due, so a few quid saved for TRFC ?
Sounds too good to be true though… 🙁
Andy says:
Tuesday, April 9, 2013 at 21:30
That is what you call probing and if that kind of stuff had been going on consistently with our journalist pals we would have all been glued to the telly or the papers and not here
StevieBC says:
Tuesday, April 9, 2013 at 22:13
1 0 Rate This
smartbhoy says:
Tuesday, April 9, 2013 at 21:58
Rumours on Twitter that McCoist punched Green today…
===============================================
Well if that is indeed true, then shirley McCoist will be off the premises immediately on suspension – quickly followed by sacking for gross misconduct ?
…and with no pay-off due, so a few quid saved for TRFC ?
Sounds too good to be true though…
=====================================
Ally’s role is to maintain the continuity, he wont be going anywhere!
Forres Dee (@ForresDee) says:
Tuesday, April 9, 2013 at 22:17
0 0 Rate This
StevieBC says:
Tuesday, April 9, 2013 at 22:13
1 0 Rate This
smartbhoy says:
Tuesday, April 9, 2013 at 21:58
Rumours on Twitter that McCoist punched Green today…
===============================================
Well if that is indeed true, then shirley McCoist will be off the premises immediately on suspension – quickly followed by sacking for gross misconduct ?
…and with no pay-off due, so a few quid saved for TRFC ?
Sounds too good to be true though…
=====================================
Ally’s role is to maintain the continuity, he wont be going anywhere!
————————————————————————-
pretty sure Francisco Sandaza will be interested in the story and how the HR dept handle it.
bayviewgold says:
Tuesday, April 9, 2013 at 21:51
bfkdy says:
Tuesday, April 9, 2013 at 21:37
“compare and contrast” indeed.
I’m assuming from the moniker you frequent the “streets of Raith” (C) the BBC.
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Aye, well, we’ve all got a cross to bear.
bfkdy says:
Tuesday, April 9, 2013 at 22:23
Aye, well, we’ve all got a cross to bear.
——
Or a whole load of bears to double-cross.
IF ONLY CHUCK & CRAIGIE HAD BEEN MORMONS GROWING UP IT COULD ALL HAVE BEEN SO DIFFERENT
http://www.youtube.com/watch?v=thyffmWejtM
Something is most definitely up.
These erstwhile tame news-hounds have the scent of blood.
Have they realised its not a bear growling at them but a frail old man in a fur coat?
Is it possible that something so mundane as this happened;
Green is in partnership with Whyte in Sevco 5088 who have an exclusive arrangement as preferred bidders and an agreement to purchase assets if CVA rejected (an agreement which CW helps to finance through his cut of the exclusivity deposit).
Green wishes to stuff CW so carries out transactions under the name Sevco Scotland in the hope that Duff & Duffer aren’t paying to much attention (and the name sounds similar so plausible deniability is in place).
Duff & Duffer in fact are not paying any attention, keeping their eyes on the ever clicking meter which has been running since Valentine’s Day.
What I’d like to know……….Is why now are the media/STV exposing Green as a compulsive liar?????
It seems they’re all turning against him.
We’ve all knew this from day one, any journalist with half a brain could have busted him last year, months before the share issue.
Are they all convinced now that he’s been in bed with Whyte and trying to distance themselves from him.
I really think this is the end game, you might end up with Sevco II, III, IIII, IIIII but it’ll be renting a stadium and training on public parks.
Big Pink says:
Tuesday, April 9, 2013 at 22:32
1 0 Rate This
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yip.
Big Pink says:
Tuesday, April 9, 2013 at 22:32
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D&D were CW’s men though…..are you saying they weren’t “in on this” from day one – and that CW was out of the loop when it came to the actual sale?
My gut feeling is Green will be gone by next Monday. He’s done for.
Not The Huddle Malcontent says:
Tuesday, April 9, 2013 at 22:39 (Edit)
———————–
D&D were CW’s men though…..are you saying they weren’t “in on this” from day one – and that CW was out of the loop when it came to the actual sale?
_________________________________________________________________
Either they were duped by Green or changed horses in the final furlong?
Does that STV graphic really say ‘ A Tale of Two Sevcos’? Bravo.
Big Pink says:
Tuesday, April 9, 2013 at 22:47
“changed horses in the final furlong?”
What – someone in this story was duplicitous, as Capt Renault would say “I’m shocked”
Big Pink says:
Tuesday, April 9, 2013 at 22:32
——————-
Possibly, but before I put my name to any legal document – especially the one where I sell my house (or, in this case, property to which I have become entitled to in my position as a court appointed administrator) – I would tend to read it to see that I was selling it to the person/legal entity who had paid the cash to me. I’d hate for some third party to turn up some time later and say “it’s actually me that should be the owner”.
Imagine?
theglen2012 says:
Tuesday, April 9, 2013 at 22:54
A very sensible line of reasoning – however that does not describe the level of due diligence that has been customary with TRFC and its financial dealings since around 1986.
Looks like Chas Green’s anti- insanity suppositories have worn off – or were they just overwhelmed by the lunacy of his sheer greed?
Those big money grubbin’ hands of his will always be itchy for scratch, so I won’t be surprised if he comes out with some totally outrageous statement over the next day or so, in a last ditch attempt to get the Bears back onside.
What caused Brown to fall silent. One moment he’s the knight on the Whyte charger (pun intended) the next, not a beep out of him – was it intimidation or was it another Brown…..
theglen2012 says:
Tuesday, April 9, 2013 at 21:01
……………………………………….
Every sale of land is registered as far as I am aware….hell Craig even sold his Grant Spey castle twice in one day…according to land registry
One look at Chris Graham’s sad wee face convinced me that the jig is up. Tom English clearly relishing the columns which will write themselves over the next few weeks – he told you so, you know.
bayviewgold says:
Tuesday, April 9, 2013 at 22:58
I can’t argue with that. Suffice to say personally I have managed to shift my heritable properties over that period to parties who have never managed to liquidate me, nor came home to find them at my door claiming they have the right to stretch out on my couch and watch the Jeremy Kyle show.
Maybe I should have offered advice to Mr. Marlborough all those years ago.
Just watched the STV Interview with Charles Green. At the end I was thinking he is actually delusional, detached from reality.
Then Tom English and Chris Graham. When asked what this might mean for Rangers Tom concentrated on its effect on the support (a headbreaker?) but the real impact has to be what BDO make of it all (not to mention plod).
Chris Graham just mirrored what Tom decsribed and I do not mean that unkindly.
I’ll say it again, drop the attachment to a toxic Ibrox and the hold it gives spivs over the club and start again ground sharing.
Araminta Moonbeam QC says:
Tuesday, April 9, 2013 at 23:05
Agree with you about the ‘sad wee face’. But hell slap it into him! Sick to death of hearing him talking about ‘ still the same old club’ arrogant pup!
Charles Green is clearly as mad as a box of frogs!
Am no Chris Graham fan, normally his arrogant nonsense gets right on my wick. That’s why his tone tonight was so telling – the sound of the penny dropping that they’ve been sold down the river by their ‘saviour’ – again. Third time unlucky.
Chris Graham ? Me thinks the penny has dropped !! Will he spread the word ?
Senior says:
Tuesday, April 9, 2013 at 23:03
……………………………..
He did tell a red top that his silence was prompted by a direct threat made against him and his family…when a car pulled up one day in his local high street and told him to keep his mouth shut or else…
What possessed CG to sit down for an interview at this time? Perchance he thought it was another opportunity to spout drivel without retort? If the MSM had started off in this fashion when wee Davy Murray first hit the buffers in the noughties rfc may still be alive.
They will all be on the bandwagon now. Time for some revisionist journalism methinks.
Auldheid (@Auldheid) says:
Tuesday, April 9, 2013 at 23:11
…………………………….
The thing is Auldheid…I am surprised he allowed the interview to go ahead?…in fact I am surprised he didn’t pre approve the questions before the interview?
Which leads me to think he was told to do the interview by a third and controlling party!
The next shape shifter could be about to enter this west end farce..
Internet Bampot @TinternetBampot 2h
Is Whyte’s pal Green black and blue after getting hooked by Sally, who’s not so ally pally? That’s the chat from Murray Park #Sevco #dignity
Any other conformation on this story?
A spokesman for Rangers confirmed that there had been a transfer of assets between one newco and a second separate newco. He told STV: “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.”
eh, should stv not know who it was that said this ??
Araminta Moonbeam QC says:
Tuesday, April 9, 2013 at 23:16
By the way Araminta, your name is beautiful!! Like poetry to me.
I do hope this one doesn’t run for as long as The Mousetrap. Although, the sense of deja vu is bizarre. F5ing this site and Twitter constantly. Its like 2012 all over again. Halcyon days.
Charlie’s next interview will have him sitting with 2 big panda eyes and a big white phantom of the opera mask protecting his hooter…
A very subdued, one might almost say shell shocked Master Graham, none of the usual “I’m in the know and you lot are all Ranger’s hating T**s” nonsense. I don’t see Mr Green going quietly or cheaply. I also don’t believe that someone is waiting in the wings to rescue the situation, any one taking over would face the same, or quite possibly a worse, financial landscape.
It’s to early to call it, but this auld sang may not have many more verses
Auldheid (@Auldheid) says:
Tuesday, April 9, 2013 at 23:11
I’ll say it again, drop the attachment to a toxic Ibrox and the hold it gives spivs over the club and start again ground sharing.
===========================
I still see no reason why a group could not do that, buy just the trading entity and not the properties.
However would the PLC be willing to do it. I suppose it depends how much someone would pay them for the Ltd company.
paulmac2 says:
Tuesday, April 9, 2013 at 23:25
1 0 Rate This
Charlie’s next interview will have him sitting with 2 big panda eyes and a big white phantom of the opera mask protecting his hooter…
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He’d better be careful… the Pandas are in heat… he could end up getting shafted by a bear 🙂
Aw cheers Jean Brodie. A wee tribute to the author of this farce, the king of the hover pitches…
Yours always reminds me of the legend that is Maggie Smith and her ‘Morningsaide’ accent. Which is great…
Hello All. Not posted for dunkeys but been a constant lurker. The standard of post and comment has been first class and I am constantly amused and enlightened and thrilled to be a party to all of this. Many thanks.
A few months back, when [CG] was swanning around NI, I commented that he was playing with fire. He was consorting with individuals and ‘organisations’ that leave no one with any illusions as to their modus operandi. It is very unwise to upset these guys and telling them what they want to hear, with the express intention of ripping them off, would meet that criteria.
When this current farrago finally plays out and [CG] , as expected, exits stage left, I sincerely hope that he has not forgotten his buddies in the Province. They will certainly not have forgotten him.
Keep up the good work everyone and I hope you all join with me in hoping that Scottish football can survive the tsunami heading our way.
chipm0nk says:
Tuesday, April 9, 2013 at 21:31
ecobhoy says:
Tuesday, April 9, 2013 at 21:26
See my last
If Sevco 5088 was in no way involved why did RFC Ltd take on £250,000 debt it had based on loans to it from Green and Ahmed.
It seems Ahmed’s shareholding in RFC Ltd, which was converted to shareholding in the PLC is based on money he originally lent to Sevco 5088.
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Sevco 5088 had to be involved because TRFCL wasn’t incorporated until after the money was required so it couldn’t be legally used either to raise it or transfer it. What was it required for? We don’t know for certain but possibly to pay the D&P exclusivity fee which might well count as ‘legal expenses’?
The AIM flotation document recognises Sevco 5088 as a related company of RIFC Plc because Charles Green was the sole shareholder but interestingly although the same document lists the companies that Green has been a director in for the past 5 years – Sevco 5088 isn’t listed and I don’t know if that is an oversight or because it is a related company although not apparently part of the Rangers Group.
Re Ahmad:
• On 11 May 2012, Imran Ahmad, a director of RFCL, provided a loan of £200,000. £178,000 was
repaid on 15 August 2012 and £22,000 was converted into ordinary share capital of RFCL. Imran
Ahmad also received an arrangement fee of £50,000 relating to this loan.
So for making his loan Ahmad ended up with 2.2 million shares which cost him 1p each and at 70p (today’s price) they would fetch £1.54 million given a buyer although they are subject to a 12 month lock-in.
Then we have the reported message from Ahmad to Whyte on 12 May allegedly giving details of Ahmad’s mum’s bank account and the reported £137.5K apparently received in that account on 16 May. Is there any connection between the £137.5K and the £200K gross loan or the £178K net amount repaid? Again we don’t know.
Re Green:
• On 21 May 2012, Charles Green, a Director of RFCL provided a loan of £25,000. No interest
accrued on this balance and this was repaid on 15 August 2012.
The £25K loan is of interest because it matches the Liberty £25K which appears to have been paid into Green’s bank account on 15 May 2012 for ‘legal expenses’. Obviously it might just be coincidental that the amounts are the same and timing similar. Green has approx 5.1M shares but I don’t know if any are connected with the £25K loan made by Green to Sevco 5088. At 1p a share they would represent 2.5M shares approx 50% of his total holding.
The above loan balances were novated from Sevco 5088 Limited on 29 May 2012 to TRFCL – novated is a tricky word and concept and could mean many many things but we would need to see the documentation. If Sevco 5088 is struck-off that paperwork might cease to be available in future.
As always in this saga every answer raises more questions.
Anybody got a link to the Bomber article? I’m sure it was in Scotland in Sunday. I only ever saw an image of it. On here perhaps? He also said he was told that he didn’t know who he was messing with or words to that effect. Id love to read it again.
M8Dreamer
While it is refreshing that the MSM are eventually asking CG some searching questions with regards to “The Rangers”, if this had been done 12 months ago, we would now have SDM,CW,
CG and their cohorts in the SFA/SPL behind bars where they should be. Better late than never, but what will the damage be to Scottish Football.
If anyone is capable of posting a link to the STV segment with Chaz and Tom English I would be most grateful.
Graham Spiers @GrahamSpiers 33m
Wow. That was as good a piece of TV journalism on Charles Green and Rangers as I’ve seen by @PeterAdamSmith. More RFC trauma.
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If thats as good as you have seen Graham….then you really are in a misplaced profession!
Auldheid (@Auldheid) says:
Tuesday, April 9, 2013 at 23:11
I suspect that the original investors want their interest and want it now, Charles is going around ‘sacking’ Mr.McCoist’s , friends and colleagues of the last 25 years and attempting to force AMcC out the door , to get the wages down. The football club costs will be paired right back to the bone and then pushed into Administration with the ground rented back to the football club..
It looks like Ibrox is leaking a sieve , as lots of people can see Charles axe coming their way , there is an attempt to push him out, looks to me as though Charles has indeed chucked it and is sending signals (smoke signals?) that he wants out ……..
….. all Alastair has got left is the dog whistle, however a dangerous game to play with faceless venture capitalists ……… this may be 1 of 10 investments that they plan go belly up ………
I expect that Charles will be gone within the month and the Holding company will place the the football club into administration on Monday 6th May 2013, after the last home league match.
A plan will be hatched to sell to real Rangers types and the circus will continue, with Hampden being out of commission due to the Commonwealth games then ground sharing will be a challenge , St Mirren Park perhaps.
All crystal ball gazing, still I am sure the SFA has everything under control.
I will join the queue
Just watched Scot/Today,never knew Chris Graham before ,have seen Tom English on tv before,reporter in interview ,poor boy ,but done well ,sent up from down south, hopefully not the yorkshire area,Chris Graham is a fish that is well out of his depth and a sprat that a hungry penguin would let go.I seriously got the impression that he was looking at Tom English ,eye’s pleading ,dont give me a hard time Chris now must be pleading ,I knew the horse was dead ,,but we can do this once more,FFS ,where are our powers that be ,Englishmen that dont give a monkeys but no doubt will be walking away with a big package,Smith must be dragged into this along with his previous bosses,they know or are serious ignorants,no escape,if scottish football is to go forward ,ask the people that know [honestly],they are willing to help..
There will still I predict be nothing to see from BDO.
The truth is broadly one of the following (I think):
D and P hatched the plan with Whyte, as he claims for a prepack to keep the club going and to return it to Whytey under the guise of Sevco with Green as front man – debt free with creditors shafted and still in SPL thanks to CO and Donkey et al abandoning all rules to keep the essential institution (c) The First Minister – and both were shafted by Greengo’s new improved SEVCO who purchased the assets despite SEVCO 1 having bought dibs – fraud in other words and conflict of interest and gratuitous alienation
or
The above except assets sold to SEVCO 1 then Greengo illegally switched the SEVCO’s without Whyte’s express permission – actions as above plus a criminal fraud by Greengo against Whyte although the assets fraudulently obtained were fraudulently Whyte’s in the first place
or
D and P did so little due diligence that they did not know who SEVCO 1 were owned by despite being Whyte’s placemen and did not realise the Sevco switch for what it was worth. Fraud again by Green and Whyte and malfeasance by D and P.
In each of the above all involved are surely bang to rights.
Yet still, given the rest of the inquiries into this saga, I expect BDO to declare the entire process and the earlier sale to Whyte to be above board and for the professional body overseeing D and P to declare their actions non conflicted.
After all – this is what has been the result of every guilty verdict and not totally guilty verdict just because we have had in this charade to date.
Hopefully this one will end unhappily for the bad guys. But hope is wearing thinner by the day!
I am guessing this is Barca’s nuclear stuff.
paulmac2 says:
Tuesday, April 9, 2013 at 23:20
Auldheid (@Auldheid) says:
Tuesday, April 9, 2013 at 23:11
…………………………….
The thing is Auldheid…I am surprised he allowed the interview to go ahead?…in fact I am surprised he didn’t pre approve the questions before the interview?
======================================================================
I think there’s a couple of points worth raising. Firstly JT should have been doing the question checking but where is he and what’s he doing? He doesn’t seem to be around.
Secondly Green in his arrogance thought he has totally tame poodles in STV and I don’t fault him for that given the previous sycophancy shown by them. So he thought he would just do what he always does and walk right in, wave his BIG hands and talk sh*te and no probs. He was sandbagged and looks as though he had no idea the game has changed or if he did he thought he would still be able to sweet-talk his pals at STV.
But to go back to JT, I have little regard for him as a person or as a journalist, but he has been around a long time and must be aware of the mood shift in the media so why did Green get caught out so badly. Del Boy looks more like the CEO of a major Scottish institution than Green who came across as a broken-down barrow boy. Terrible, terrible PR – many a good journo has totally failed in making the PR transition from poacher to gamekeeper and as I don’t rate JT then possibly he isn’t up to the Mellors standards.
Ground share with Celtic – problem sorted!
for a substantial fee of course and hefty security deposit!
Here we have Sevco 5088 Ltd – formed on 29th March 2012.
http://companycheck.co.uk/company/08011390
Here we have Sevco Scotland Ltd – formed on 29th May 2012
http://companycheck.co.uk/company/SC425159
And here we have some excerpts from the Interim Report from Duff & Phelps – published 10th July 2012.
http://scotslawthoughts.files.wordpress.com/2012/07/rangers-fc-plc-interim-report-by-duff-phelps-10-july.pdf
In its Interim Report, D&P state that Sevco Scotland entered the bidding process on 4th May 2012. They go on to say that Sevco Scotland’s bid was accepted on 12th May 2012.
Which is very strange indeed, considering that Sevco Scotland did not exist until 29th May 2012.
Remember that a higher offer was refused on 14th June 2012 on the basis that D&P were contractually bound to sell to Sevco and Sevco were contractually bound to purchase those assets. Since that contract was formed on 12th May (before Sevco Scotland existed) it would seem that D&P have made a simple mistake in their report. The contract to purchase Rangers assets simply must have been with Sevco 5088.
Interestingly, and I had not noticed this previously,D&P said that the Sevco bid included this little gem.
“…Should the CVA fail, a binding agreement to purchase the business, history and assets of the Club for £5.5m using a newly incorporated company.”
So, assuming the contract was made with Sevco 5088, D&P appeared to expect that Sevco 5088 would form another company to complete the transaction. That newly formed company would appear to D&P, of course, to be,Sevco Scotland.
Which, if I am correct, means that Sevco Scotland must have represented itself as an associated company (subsidiary or parent) of Sevco 5088. Having the same director does not in itself mean two companies are related.
I would presume therefore that D&P must be in possession of some sort of paperwork produced by Mr Green detailing how these two companies are/were related.
The fact that the RIFC interim results give details of the repayment of loans novated from Sevco 5088, give further evidence that the companies were (in the past tense) linked.
It appears to me that if Mr Whyte can prove that he has/had a majority shareholding in Sevco 5088 and that he was misled into believing it was the parent company of Sevco Scotland, he has a VERY strong case.
Paying Mr Whyte £1m a year for life and giving 6 seats in the director’s box could have been a bargain for Mr Green.
ekbhoy says:
Tuesday, April 9, 2013 at 23:48
Auldheid (@Auldheid) says:
Tuesday, April 9, 2013 at 23:11
I suspect that the original investors want their interest and want it now, Charles is going around ‘sacking’ Mr.McCoist’s , friends and colleagues of the last 25 years and attempting to force AMcC out the door , to get the wages down. The football club costs will be paired right back to the bone and then pushed into Administration with the ground rented back to the football club..
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Craig did the same when he started getting rid of directors and anyone who could nail his MO regrads non payment of TAX and NI and non payment of bills
Lord Wobbly says:
Tuesday, April 9, 2013 at 21:50
0 73 Rate This
For a bit of fun, on Scotland Tonight, how many times will Chris
Graham attempt to blame someone other than a current Rangers custodian?
0-5 Thumbs up
6-10 Thumbs down
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Aye! Chris fairly wrong-footed the lot of us with his “Oh sh*t… those Rangers haters were right all along” performance. 😀
paulmac2 says:
Tuesday, April 9, 2013 at 17:06
Carntyne Riddrie (@Riddrie) says:
Tuesday, April 9, 2013 at 16:43
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I’m actually begining to think Keevins is the MSM’s version of Father Jack….A***….Fek….Drink!
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He’s not clever enough for that kind of comparison.
iceman63 says:
Tuesday, April 9, 2013 at 23:55
1 0 Rate This
Ground share with Celtic – problem sorted!
for a substantial fee of course and hefty security deposit!
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Are there no public parks? ( © me… on RTC… quite sometime ago 😀 )
http://bit.ly/XBSf5j
Good viewing!
Lord Wobbly says:
Tuesday, April 9, 2013 at 18:27
http://local.stv.tv/glasgow/220791-charles-green-agreed-to-receive-25000-from-craig-whytes-associate/?no_mobile_redirect=true
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As each new bit of scandal leaks into the public domain, Ally McCoist insists he knows nothing about it, and is generally treated as an innocent.
But is he?
Is he really that dim?
theglen2012 says:
Tuesday, April 9, 2013 at 23:10
I can’t argue with that. Suffice to say personally I have managed to shift my heritable properties over that period to parties who have never managed to liquidate me, nor came home to find them at my door claiming they have the right to stretch out on my couch and watch the Jeremy Kyle show.
Maybe I should have offered advice to Mr. Marlborough all those years ago.
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Aye well your advice could hardly have turned out worse regardless of what it was, as you say – you don’t have charlatans at your house.
iceman63 says:
Tuesday, April 9, 2013 at 23:53
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I’m not at all convinced that what we see unfolding is unfolding is nuclear.
It’s a farce, (not so) cleverly orchestrated by the fiendish conductor from his hover podium.
STV have carried out their stage directions tonight.
A coup de farce, adding layers of distracting fat to the soon to be deceased, in the hope of hiding the tumour that led to it’s death.
IMHO
It seams like this was a well hatched plan and if it was not for the fact the we hold those that govern us in such high esteem a neutral person would think those at the top of the game were also in on it. Maybe those at the top of the game are now terrified of dictaphones.
It used to be the case that these that spoke out of place regularly got fined by the SFA but the rule no longer seems to apply.
The plan would appear to have been administration, ditch the debt, be guaranteed a shoe in back to the SPL with the full squad and voila. A new shiny TRFC debt free in the top division. Then the real backers would emerge victorious.
unfortunately that wee fan rebellion screwed it all up. TRFC went to division 3 after the authorities tried everything to get them into higher divisions. That wee error along with possibly liquidation instead of administration messed things up. Now the coffers are bare and they cannot survive 3 seasons in a lower division. The only option for them now is league reconstruction. Why are those that govern so keen to help them up. Is it the establishmenty, nah, probably just the fear of someone pressing play on a dictaphone.
this switcheroo was predicted by many at the start but will there be a switcheroo 2 and does anyone know what format that could take ?
in the grand scheme of thing maybe if they had been treated as a new club and applied for a junior league to begin with , the end game may have been better.
as for BDO, its the tortoise and the hare scenario, they move so slowly that by the time they try to unravel this mess it will be years too late.
This seems appropriate for Mr Charles tonight.
http://www.youtube.com/watch?v=hp6Zx_fzpq8
Forres Dee (@ForresDee) says:
Wednesday, April 10, 2013 at 00:13
7 0 Rate This
http://bit.ly/XBSf5j
Good viewing!
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Many thanks, truly astounding that the gift keeps on giving to such a degree. Far too many high points, but Chaz’s mad eyes when he’s obviously spinning a yarn creases me oot.
And in light of the recent revalations the cry rang out from Ibrokes WATP….. We Are Talking Piss
The echo in reply came from Hampden WATP…… We Administer The Pish
briggsbhoy says:
Wednesday, April 10, 2013 at 01:34
And in light of the recent revalations the cry rang out from Ibrokes WATP….. We Are Talking Piss
The echo in reply came from Hampden WATP…… We Administer The Pish
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and from TSFM WE are the people. 🙂
Is this Craig Whyte’s motivation in calling out Green?
http://www.thescottishsun.co.uk/scotsol/homepage/news/4880659/The-177million-Whyte-lie-that-means-ex-Gers-boss-faces-financial-ruin.html
John DC Gow (co-founder of The Rangers Standard) suggesting that time is up for Charles Green…
http://espnfc.com/blog/_/name/rangers/id/4282?cc=5739
ekbhoy says:
Tuesday, April 9, 2013 at 23:48
A plan will be hatched to sell to real Rangers types and the circus will continue, with Hampden being out of commission due to the Commonwealth games then ground sharing will be a challenge , St Mirren Park perhaps.
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Over my dead body! 😉
Danish Pastry says:
Wednesday, April 10, 2013 at 06:00
Is this Craig Whyte’s motivation in calling out Green?
http://www.thescottishsun.co.uk/scotsol/homepage/news/4880659/The-177million-Whyte-lie-that-means-ex-Gers-boss-faces-financial-ruin.html
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TU didn’t check who they were handing over 17,000,000 quids to?
– `Misrepresentation` under `Due diligence? ??
And now `appalled` [say insiders]
CW was on his own is the thrust of this plant – Suppose that’s why he taped everything
I wouldn’t get too carried away with all the dirty laundry coming out of Ibrokes at the moment as IMO it is just the next stage of the scam that was set up to dump all the debt and liabilities of the dead club and usher in the new era of the tribute act with the real agreed parties (real ragers peepil) at the helm .
no luck creditors
no luck HMRC
no luck gullible bears
no luck real Scottish football supporters .
I still have a niggling question eating away at me .Why would any company invest (or hand ) any Scottish football club with a possible £67m tax bill hanging over it £17.7m and why would they advance that club more millions after failing to meet the first payment deadline .
I see Ticketus have successfully sued CW for their losses in this deal and what jumps out at me in the Sun’s piece is that ,Ticketus would never have touched the deal if they had known CW had been banned as a director for 7yrs ,now I am led to believe that you would have to have done something very serious to be given a 7yr ban ,so it seems that we have yet another party in this saga to have been DUPED .The DUPED list is getting longer by the day
SDM …..DUPED
TICKETUS …..DUPED
CW ….DUPED
A MC….DUPED
That just leaves CG for the whole set .
Just my opinion but I don’t believe any party in this farce has been duped and in the fullness of time the only ones to have been duped will have been
the taxpayers and the real football fans
follow the money and the truth will out
Is there not a saying – never kid a kidder?
Just had a quick read of the article in the Sun that DP posted (06:00) – Whyte ordered to pay £17m to Ticketus.
TGEF must have had an inkling that the Ticketus v Whyte case was about to conclude. Assuming that Whyte is aware that Ticketus are involved with CG to shift the assets of RFC into Sevco Scotland, out of the reach of Whyte (my hypothesis) – are we now seeing Whyte’s counter reaction?
A Court has ordered a payment from Whyte to Ticketus of £17m.
Is Whyte now about to launch an action claiming that CG and Ticketus have conspired to defraud (no laughing at the back) c£50m of assets from Sevco 5088? Or would any claim just involve CG?
IMO the Sun’s 2nd CW recording is now more interesting than it first was .
Are we seeing CWs words in that tape extract playing out now .
discussion about share amount with CW saying that will cover Ticketus and the Debencher and ,we may have to ditch Charles at some point down the line .
I have no time to look back at it now but will do so later and I would suggest the Sevco financial investors have a listen too
jonnyod says:
Wednesday, April 10, 2013 at 07:06
2 0 Rate This
I wouldn’t get too carried away with all the dirty laundry coming out of Ibrokes at the moment as IMO it is just the next stage of the scam that was set up to …
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That’s a big conspiracy. Can’t honestly see TU being in on it. If the two Sevco’s switch story is true Mr Green seems to have become rather opportunistic when he saw that he could grab the loot. A conspiracy that turned into a free-for-all?