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.
I can hardly believe that the msm has pulled a scoop like this from under the noses of the bampots and phil. Who is that journo, I demand to know.
Things fall apart; the centre cannot hold. -Yeats. (William Butler,not Ron)
Surely some revelation is at hand.
With White having now lost his case against Ticketus and a similar case raised by him against Green, I wonder what the Rangers support now think of the “99% crap” statement. Way back in the early days of RTC, the scenario of years of court disputes over who owns what or owes what and to whom, was discussed.
I know not everything has come to pass, this is the case with so many unknowns so a lot of what was discussed was just brain storming, but the accuracy of some predictions is a real testament to the strength of the blog and a justification of the award received.
Even the things some people claimed we got wrong could still prove to be right, I wish I had a Euro for every time I heard the comeback “but we won the big tax case” or the constant questioning over the non-appearance of the nuclear event. Well hey, it pretty close to being nuclear now! And as for the big tax case, let’s give that another 6 months because it’s not finished, not for Rangers and certainly not for Murray.
C’mon Rangers fans, stop blaming others and targeting bloggers that are trying to introduce fairness and transparency. Get up off your arses and do something now, time to take your club back and give it some respectability. Only you have the power, not Smith, Murray, McCoist or any other Rangers men, only the fans that pay the money can effect real change. This is your moment; don’t let it pass you by. There are fans of many clubs (Airdrie, Gretna, Clydebank and even Third Lanark) much smaller than yours that have put you to shame; they have refused to allow the spirit of their clubs to die but recognise that part of it did. If you put half the energy and passion into starting again as you have put into venting your fury against anyone that dares to raise anything negative against the club, you might just succeed.
From humility comes sympathy, try it and you just might find some support from the other clubs!
jonnyod says:
Wednesday, April 10, 2013 at 07:06
I see where you are coming from jr, and I suspect the big fish in all this is still MIM, but as yet any linkage to Minty is still off limits to MSM. I doubt this situation will sustain though, the situation at Rangers may have major media interest, but the sums involved are the tip of the MIM debt mountain, that story is still to get legs……
1. jonnyod says:
Wednesday, April 10, 2013 at 07:06
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 .
CG has already claimed to have been duped, more than once. He claimed HMRC gave him an indication that the CVA would be approved then reneged and he claimed that the SPL promised him that Newco would get a spot in there.
Double duped!
Word of the Day – [Taken from Todays `Spivland` Episode]
DUPED
[pt of] `Dupe`
Etym. (Latin: upupa); extremely stupid bird
[Derivs]
• dupable
• dupability
• duper
• dupery
Related words [Scottish Association] – `Bird` – [When plod catches up with them that is]
Well
Now that the NSM are warming up to this scam
How about asking a few monre questions?
Like
What silenced to the Strathclyde police enquiry?
What silenced the BDO enquiryinto gratuitous aliention?
What silenced the IPA enquiry into conflict of interest by Duff&Phelps?
What silenced release of the 5 way agreement?
What silenced investigations into football links to failed Banks?
I smell fish
The Herald are reporting that the police have received one complaint regarding Green’s recent colourful language.
http://www.heraldscotland.com/news/home-news/sfa-could-take-action-over-racist-remarks-by-green.20751122
Tsk….that Peter Lawwell guy is relentless….
😀
@twopanda
‘dupabilaboutery’ has a certain ring to it 😀
HIGH FINANCE
Scene: A London club, where Mr Whyte is meeting Mr Ticketus, having enjoyed a fine meal
Mr Whyte: What I’d really be interested in is an advance of £20 million quid or so…
Mr Ticketus: Ooh, steady on there old boy, are you good for that sort of money?
Mr Whyte: Why yes. I have a Bentley and a Scottish castle. And I have a newspaper reporter willing to go on record to say my wealth is off the radar.
Mr Ticketus: But is there anything murky in your business past?
Mr Whyte: Not to speak of. [Whispered aside:] Not that I’m going to speak of at least.
Mr Ticketus: Then that’s a relief old boy, and you’ve passed ‘due diligence’. So I don’t see that being a problem. £20 million did you say?
Mr Whyte: Tell you what, make it a round £25 million, I’ve got some bills coming up that would help tidy up, and I need a haircut
Mr Ticketus: Bank transfer be alright with you old boy?
Danish Pastry says:
Wednesday, April 10, 2013 at 09:10
@twopanda
‘dupabilaboutery’ has a certain ring to it 😀
————————————————————————-
I’m sure it would if only I could prounounce it but I’ll keep practising 🙂
Simple question.
If Charles does get booted as CEO soon or at the August meeting what happens to his shares?
I think I know the answer but would welcome the thoughts of others.
Long Time Lurker says:
Wednesday, April 10, 2013 at 07:21
Is there not a saying – never kid a kidder?
———————————————————————
I think it’s actually: ‘You can’t kid a kidder’.
But who is the kidder that is the question or even how many kidders are there?
wottpi says:
Wednesday, April 10, 2013 at 09:24
Simple question.
If Charles does get booted as CEO soon or at the August meeting what happens to his shares?
I think I know the answer but would welcome the thoughts of others.
……………………………………
My interpretation, and I may well be wrong is that he keeps them but is entitled to sell them as soon as he is no longer “involved” as CEO and no longer a director?
Does the same not also apply to Ally? if he was to be sacked or forced to resign could he not also sell his shares immediately.
Either one of these two being in that position and trying to sell their shares would I suspect start a major fall in the share price, up to now there has only been relatively small amounts sold/bought but if millions of shares are attempted to be sold then there’s only one way the price will go.
ecobhoy says:
Wednesday, April 10, 2013 at 09:20
0 0 Rate This
Danish Pastry says:
Wednesday, April 10, 2013 at 09:10
@twopanda
‘dupabilaboutery’ has a certain ring to it
————————————————————————-
I’m sure it would if only I could prounounce it but I’ll keep practising
——–
Du-pa-bil-a-bout-ery (which, oddly enough, is an anagram of ‘Pub Deal Obituary’)
🙂
wottpi says:
Wednesday, April 10, 2013 at 09:24
If Charles does get booted as CEO soon or at the August meeting what happens to his shares?
I think I know the answer but would welcome the thoughts of others.
————————————————————————————————————-
I haven’t looked in detail at the company Mem&Arts on this or even the AIM Prospectus.
But I think the key is that these shares weren’t allocated to Green by RIFC Plc or linked, as far as I am aware, to his performance at RIFC Plc.
They were issued by TRFCL prior to the legal creation of RIFC plc and like all similar shares were swapped 1 for 1 with RIFC Plc shares. I don’t remember seeing any TRFCL resolution reharding the shares but there must be one and that might throw some light.
But I reckon if he’s sacked or walks he keeps his shares which then raises the issue of whether the lock-in would apply. I would doubt that it will but it is easily avoided if gawd forbid Green had a complete mental breakdown and a Harley Street specialist declared him unfit to work again – he should avoid claiming benefit of course as ATOS I’m sure would mark him 100% fit for work no matter what his actual medical condition was.
I have to say that I have had some professional and personal experience of people suffering from various mental illnesses and I certainly, without joking, see some very worrying signs in Green’s whole demeanour lately. He has walked in and out of the AIM market in the past after organising ‘successful’ flotations and pocket nice rewards. I think only now is he coming to realise and experience the pressure of the Rangers and Celtic Glasgow goldfish bowl which can literally shred people.
In mental energy terms he must be running on an empty tank at possibly the most critical part of his strategy and that means more mistakes will be made as even the lap dogs of the MSM start to nip at his ankles ready to feast on the spoils should he topple which I find the most likely scenario.
I my life I have encountered two of that small band of people legally labelled ‘vexatious litigants’ whose mental energy and output was truly awesome. They could get through more complex legal work in a few hours than 20 experienced lawyers in a day. Their abilities were truly awesome and then the mental batteries eventually fully discharged – although it could take years – and they never in my experience ever capable of holding a ‘full charge’ again. In some ways I was sorry for them but not for myself as their dynamo affected everyone in close proximity to them and literally seemed to suck your own brain power away and I was often left totally mentally and physically exhausted after a session with them.
re Dunfermline, 2 questions
1. How did a club the size of Dunfermline manage to run up a debt of nearly 12 million. I do not know their turnover but it must be the equivalent of Celtic running up a debt of 300 million.
2. I thought I read that most of the debt was owed to the club directors. If that was the case why not just right it off and reduce the running and playing costs at every opportunity going forward.
spanishcelt says:
Wednesday, April 10, 2013 at 09:37
My interpretation, and I may well be wrong is that he keeps them but is entitled to sell them as soon as he is no longer “involved” as CEO and no longer a director?
Does the same not also apply to Ally? if he was to be sacked or forced to resign could he not also sell his shares immediately.
——————————————————————————————-
Don’t know if this is significant but I seem to remember that if the likes of Green or Ahmad are sacked then the company only has to give 12 months notice but if they decide to walk they only need to give 3 months.
Not sure of position with Ally as his contract terms & conditions stretches way back I think to when he was appointed assistant manager at Rangers.
twopanda says:
Wednesday, April 10, 2013 at 07:05
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
————————————————————————————————————-
More of the dominoes fall into place. Whyte will appeal and probably lose and will be bankrupted or have companies placed into admin and then along comes the administrator wondering what assets he has or claims are his that aren’t offshore.
Not hard to find at Ibrox and Auchenhowie – which might persuade the administrator that it is worth taking the current incumbents to court because Whyte is claiming the same thing was done to him that he has been found guilty of doing to Ticketus.
Oh what a tangled web.
whyte is working green but i think there has been an agreement with those two and a certain cardigan giving them both an exit plan, and a healthy pay off,this does’nt sit right with me,especially the way they have worked the media over the past couple of days,and i dont think any takeover will include mc coist in a captains role,best let him leave backing up his mates,clear the field for the blues brotherhood.
spanishcelt says:
Wednesday, April 10, 2013 at 09:37
ecobhoy says:
Wednesday, April 10, 2013 at 09:46
Thanks guys. That is my interpretation.
If punted
He gets to keep the 5m shares he was given for pennies.
Due to the lock in he can’t sell them until 12months after the IPO.
However there may be a get out clause for illness and the like.
He could give them away but would be subject to capital gains based on the market price.
He could give then tax free to his wife (a la Campbell Ogilvie) or to charity – see below.
If he gets punted then even at 20p a share he gets £1m plus his salary plus his bonus.
On Tom Enlgish’s Q&A yesterday he said he (nor his business/finance collegues) could see where there was cash for Charles in an early exit strategy.
If the T’Rangers remains solevent to end of the year and there are real Rangers men as saviours willing to buy in, then there is money to be made by Charles from this madness.
And frankly, like Whyte, he wouldn’t give a hoot if the bears put a bounty on him because they both appear to have sociopathic tendendies.
http://www.hmrc.gov.uk/cgt/shares/basics.htm
Giving away shares
When you give away shares you usually work out your gain or loss as if you’ve sold the shares at market value. The market value is the price you would expect to receive if you sold them on the open market. This also applies if you sell them for less than their full value.
There are some exceptions:
•if you can claim Gift Hold-Over Relief
•if you give the shares to your husband, wife or civil partner
•if you give shares to a registered charity
There’s more on these exceptions below.
Gift Hold-Over Relief
Some gifts of shares may qualify for Gift Hold-Over Relief – a relief that allows you to postpone the gain.
These must be shares in a trading company, or the holding company of a trading group, and one of the following must apply:
•the shares aren’t listed on a recognised stock exchange
•you’ve at least 5 per cent of the voting rights in the company
Exit time looms for some and methinks there will be a need for a new, new club. So the friends from the 5 way agreement will have to hold the faith and continue membership with even more new rules made on the hoof to assist.
I wonder if the new, new club will be able to buy the old, old history for £1.
Certainly the Draconian 15 point SFL deduction won’t stop them moving up a league and staying on track.
And with the spivs gone they’ll benefit from the new season book money too.
So a result (well sort of).
A debt free club on the way back to SPL, run by Rangers minded people with charged up fans.
Almost the perfect plan.
Apart from the assets etc. etc.
What happens next season?
Can the SFA/SFL give any type of a licence to a club which no one knows who owns?
If no licence is given will the league place be re allocated leaving no slot for any Newco club?
I can’t help but think timing is of the essence. If this is some part of a great Machiavellian scam then it will be interesting to see how it pans out and with whom at the helm? If not and there is a hiatus caused by spivs mud slinging then any and all claim to history will finally end. We may yet see Scottish football free of all that Oldclub entailed which will lead to reconstruction.
The double scam is on,Charlie will ride off into the mist taking a fair amount of readies with him ,scam 2 kicks in when the new peeple then go back to the fans asking for more money because a green monster has emptied the seed box but we are glad he is gone ,so lets rebuild and we will not be conned again,again,again,sorry typo there.
Last night on Sportsound there was a discussion of reconstruction and its latest woes. An interesting point, that has not been mentioned here, is that the SPL had been waiting for the SFL to provide “financial details”. No explanation given of what these details were supposed to have consisted off. Perhaps the SPL were doing a form of due diligence. Whatever it consisted off, the SPL apparently were dragging their feet.
Now what club in the SFL has a reputation for dragging their feet? Perhaps the financial details requested were something sensitive and indicative to current clubs woes. It may be that some clubs are trying to torpedo the reconstruction through other avenues. Whatever the reluctantance to disclose, I’m sure that it’s all for very innocent reasons.
I posted a version of this a couple of hundred posts back that got lost for a day in moderation and thence received no comment….
So where it all stands in my heid:
IIRC last year when CG was drummimg up investors, The rangers deal was billed as a “land grab” (can’t remember where I read that and google is not my friend). As it’s played out it now appears that the heritable properties of the rangers are owned by the PLC. The ltd company is responsible for operations of the football club. According to the accounts, the ltd club is not yet paying rent for the use of ibrox.
Now this iswhere I get all fuzzy. As far as I can see at the moment, the club (the ltd company) only has value if it owns the property. As a going concern, trading at a £1m/mth loss, the business has no inherent value at the moment. If the club would later be forced to rent the stadium, then this loss would increase as operations costs would remain the same while overheads increase due to the property owners wanting to take a profit. Can the business even be sold on as a going concern in it’s infancy?
So then there’s the property itself, wherein lies the true value of the company at the moment, and which was used as part of the valuation for the company during floatation. The property itself only has value (in my mind) if there is a business willing to operate from the premises (to pay rent). Or if the property is multi use, or their is a high demand for property in that area where the property could be leveled and redeveloped as something else. From what I’ve read there isn’t much demand for commercial or residential development property down govan way at the moment.
So we’re back to the situation where there needs to be a viable business at Ibrox.
So what’s CG’s exit strategy (where he actually makes some money???). I think when he got into this deal he genuinely believed that he’d be back in the SPL toot sweet to start challenging for that european money. As it now appears, by the end of season 2013/14, the business will have burnt through 40m (from ST and floatations sponsors etc) or however much. The business will be no closer to profitability. Thence the property itself will have little value, a closed a circle. His 5m shares will only be worth whatever someone values 8% of potential annualized earnings multiplied by let’s say, 5-7 years. How much will the rangers be able to afford to rent a stadium?
SO how does he extricate himself from this? His shares have no value as the property has no value.
What’s in this for whytey? How does he extract value, in any form, from an unprofitable entity? I think whyte stayed in the background as long as he did waiting for a window where he could grab a payday. As that window has pretty much evaporated, I think he’s now just pandering for shares while he still has something over CG, because once CG is gone, his chances of extricating anything from the ashes will be nil. Also now, with regards to last fridays judgement against him in the ticketus case, his nuts may be in a vice to show how he can cover that liability without claiming bankruptcy, and coming into the light re his sevco5088 shenannigans might be the only option available.
My prediction. CG will give up the ghost. I think he now realises he’s in way over his head.He has drawn down a pretty substantial salary for his years effort, and a bonus I presume for winning the league etc. He will now exit stage left, either by forcing the board to oust him, or if that fails, standing down at the AGM in august (I think?). Whyte will run out of steam when finally someone explains that there is no value to be extracted and all he’s doing is p***ing in the wind. TRFC will go wallop again (as all non profitable businesses inevitably do) only this time they won’t be rescued as the institutional investors won’t part with the heritable property without a payday, and won’t accept a massive loss, and can’t be shed in the same way that previous debt was because they are not creditors. And therefore the club will have no value as it is not a profitable enterprise. Will rangers fans be happy to play from a home ground that’s not Ibrox?
As an aside. Thinking about it last night, whyte is a chancer. He fudged around the edges with ticketus to secure funding for his takeover, but had to personally guarantee that money, thence the judgement against him last friday. I think during his takeover he genuinely could not foresee or didn’t somehow understand what a gamble he was taking with rangers and european qualification and money. When that went tats up on him, he was left out in the wind trying to manage an unmanageable trading deficit with no personal wealth he was willing to inject, no bank comfortable to bankroll the loss in the short term. I genuinely think it all genuinely went pete tong on him….
Green however knew exactly what a financial basket case he was taking on. For him, rangers problems all seemed to stem from the fact that HMRC was causing all the problems, and if he could somehow figure out a way to shed that liability, all would be rosy down govan way. What he did not foresee was the great scottish fan revolt of june 2012. The no to newco campaign. His model seems to have been, that if he could somehow weather a 24 month financial pasting on the back of an IPO drumming up cash to cover the trading losses. Then come august, now saddled with the club, he was facing a 48mth to 60mth period of austerity and loss making. How on earth he managed to convince money types to buy into an enterprise with no earning potential for the next 4yrs as a sound financial investment is nothing short of witchcraft….
I really don’t see a future for rangers that doesn’t involve them having to give up Ibrox and murray pk (the operation of which is unsustainable in the lower leagues), at least for a couple of years, until they rebuild the core footballing part of their game and get back to the top tier. Playing at a much smaller facility will severely limit the speed at which they will recover….
finloch says:
Wednesday, April 10, 2013 at 10:24
5 0 Rate This
Exit time looms for some and methinks there will be a need for a new, new club. So the friends from the 5 way agreement will have to hold the faith and continue membership with even more new rules made on the hoof to assist …
———–
Finloch,
Last night’s SSB podcast included an amusing and rather clued-up Frank McAvennie, but there was also Mr Dalziel stating that he was really worried that it could be ‘the end’ for Dunfermline and that the club ‘could disappear’. You got the impression he actually believes that clubs can not survive liquidation.
Ok, clearly the wrong night not to follow TSFM. Just got caught up. So in summary, Chico Green has just learnt what it is to cross the establishment and Chris Graham has realised that whilst he might be one of the (little) peepil, the establishment are quite prepared to sh!t all over him too.
Scottyjimbo.
Glad you thought that too. I was screaming it at Spencey on the radio. Any twitterati got his address tag thingy. Would the SFA normally seek due diligence on the SFL before what is supposed to be a merger with the SPL? Can’t see why the SFA would be bothered, not least given their performsnce in the last 18 months. The SPL, that would be different, they would obviously be interested but then would it not put them on on dodgy ground when they perform their own switcheroo with the SPL2 by invite.
I find the silence of the SFA telling to say the least. Of course ,in the past,questions have been raised with Mr Regan about due diligence assessments of things Sevconian.
I think for the purpose of clarity it would be helpful for the fans to hear Mr Regan’s view of the current situation.In addition having watched the STV interview with CG it seemed apparent to me that Mr Green is in a trance like state of bewilderment.Some might say ,not quite with us.And where ,we ask,are his stalwart media savvy advisers? The segment on Man Utd and the Dallas Cowboys was revelatory and showed you all you need to know on this man’s thinking.It was like a scene from Billy Liar with Tom Courtenay entering the world of fantasy as an escape from his dull ,northern upbringing.
No doubt the authorities will limp to close season to reassemble.There will be no league reconstruction because they never fully thought it through and the next season will begin with a new blue knighted mutation of the Sevco,mark iii .Or will it?
Craig Whyte it seems has tapes on everyone he ever talked to.It would be interesting to see a list.I wonder who these people are? It may be stopping some of them from proferring a view at present.
‘I wonder if the new, new club will be able to buy the old, old history for £1’
_______________________________________
Surely Sevco’s history is worth more than £1?, on second thoughts maybe not!.
I somehow have this image of craig whyte, sitting in a room, in his stained longjohns, With a wall to wall cupboard filled to the nines with those really small tapes they use in dictaphones, bottles of pee lined up against one wall a la howard hughes in the Aviator,,,,,, 🙂
Doesn’t he really want out? He seems to be tellng everyone how to give him the push:
http://www.thescottishsun.co.uk/scotsol/homepage/sport/leaguedivision2/4880530/Greens-board-games.html
At least someone in the Bear’s Den has a sense of humour.
“Peter Brady. David McCallum. James Traynor. Kevin Bacon.
For the life of me I can’t figure out who the odd one out is. Can you help?
(One for the oldies maybe)”
No peeking over there for the answer 🙂
jerfeelgood
Agree with most of the above bar one thing. Would Ticketus have honestly loaned CW the 24m without more than just a guarantee. If they do, I’ll sign one tomorrow (and today I’ll sign the house over to the wife). Either Ticketus must have placed value on CW’s shareholding in a pre pack ie. sevco sobb or been offered a sharehoilding themselves thus effectively taking the mortgage on the assets much theoried on here last year. £24m on a handshake, with a business backgound like that? They’re not HBoS you know!
(Should say I haven’t actually read the Sun expose yet)
Actually, cancel that (on Ticketus), of course they were effectively mortgaging against sevco sobb’s proposed season ticket sales which then never materialised.
Remind you of anyone?
http://youtu.be/tFdJ-Pr15S4
ticketus/whyte: Obviously they did. They took him at his word. Cos he defaulted. And now he has to personally cover the loss. How they came to that decision is well worthy of speculation. But in the end of the day. He asked for the money. He said if there was any problems that he’d cover the loan. They gave him the money. Disaster happened. The present happens.
Didn’t ticketus initially think that they were a creditor of rangers thence they would hold surety backed by rangers property folio? Only after a small bit of diffing did they realise that what was guaranteeing the deal was only CW. I bet some managers at ticketus got reamed by senior money men at octopus over the whole fiasco.
wottpi says:
Wednesday, April 10, 2013 at 11:09
At least someone in the Bear’s Den has a sense of humour.
“Peter Brady. David McCallum. James Traynor. Kevin Bacon.
For the life of me I can’t figure out who the odd one out is. Can you help?
(One for the oldies maybe)”
No peeking over there for the answer
=======================
Was Peter Brady the original invisible man.?
All coincidence of course and no link to current events, but with the miserably small trading volumes in Rangers International shares the price scraped below 70p for the first time yesterday.
Not that anyone who bought at the IPO price was actually investing, but would it make someone think twice about shelling out for a new season ticket for SFL 2 next season?
#SFA consider whether to take action against #Rangers chief executive Charles Green over ‘racist” remarks http://www.heraldscotland.com/mobile/news/home-news/sfa-could-take-action-over-racist-remarks-by-green.20751122 …
………………………
I guess Green may have left Scottish football before the SFA decide on the action to be taken…
jerfeelgood says:
Wednesday, April 10, 2013 at 11:06
I somehow have this image of craig whyte, sitting in a room, in his stained longjohns, With a wall to wall cupboard filled to the nines with those really small tapes they use in dictaphones, bottles of pee lined up against one wall a la howard hughes in the Aviator,,,,,, 🙂
===========
It’s strange the things that remind you that you haven’t had your daily dose of Leggo.
Sky sports reporting that Ticketus have won their case against Craigy Boy and he has to pay them Circa 18m ,he has stated he will appeal this at the High court in London,oh dear the tapes have just went up in price.
Tic 6709 says:
Wednesday, April 10, 2013 at 11:28
Yes Peter Brady the original invisible man.
You are on the right track but he is not the odd man out.
Tic 6709 says:
Wednesday, April 10, 2013 at 11:28
============================================
It’s JT – you couldn’t make him up.
blu says:
Wednesday, April 10, 2013 at 12:02
Tic 6709 says:
Wednesday, April 10, 2013 at 11:28
============================================
It’s JT – you couldn’t make him up.
==========================
Nice one. (still laughing )
wottpi says:
Wednesday, April 10, 2013 at 12:00
0 0 Rate This
Tic 6709 says:
Wednesday, April 10, 2013 at 11:28
Yes Peter Brady the original invisible man.
You are on the right track but he is not the odd man out.
—————————————————————-
Reminds me of one of my favourite lines. Whenever someone comes up to me, points to a nearby chair and asks “is anyone sitting there?” I always reply “Peter Brady”. Unfortunately few people ever get the joke.
Who will be the Champion Spiv when this is all over?
I think the answer depends solely on when Whyte started taping key conversations
The revelations to date suggest Whyte started taping in May 2012 out of suspicion that Green and D&P may be about to double cross him
However
There could be a much simpler explanation
Let me explain
Sods Law states that what can go wrong will go wrong
This lesson is learnt at an early age by people who regularly tell lies and avoid telling the whole truth
We`ve all met them. Children and Adults who accidently get found out in one porkie after another.
Which begs the question?
How do Spivs navigate through porky land?
I mean
You need a helluva good memory to retain trust when you regularly tell half-truths and porkies
And it gets worse
Some regular contacts are people who also tell porkies
So you have two problems
How to remember all the porkies you tell
Plus
How to remember all the porkies told to you
Fortunately
This issue is fairly common in Spiv land where flirting with company law is an art form
So how do these guys do it?
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
An Opinion
There seems to be two strategies used by Spivs
They use the law on each other to minimise the risk of a double cross
floating charges , everything in writing, bending the registration rules , delaying accounts fiddling, pre-emption rights , misleading caveats in prospectus, illegible signatures, similar sounding names etc. etc. etc.
The same dodges they use against honest people
It goes on and on
All designed to subtly threaten the other side with legal action if they don’t keep their side of the bargain.
But there`s another strategy
This is the Spiv who wants you to think he has he goods on you. He collects all sorts of compromising material like a magpie. He does it as a matter of routine. It is filed away just in case it comes in handy. If you get too grumpy with him he tells you straight what will happen if you double cross
I`m wondering if Whyte operates like this.
The tapes released to date may not have been created out of suspicion
Sods Law suggests it started off as the lazy mans` way of recording a meeting.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
No doubt the Spivs read this Blog
Well here are some questions for you
Do you recall Our Hero?
– Often getting interrupted by “calls” on his mobile near the start of a meeting?
– Often muttering something like “I`ll need to switch off my phone”?
– regularly leaving his mobile on the table?
– regularly using his laptop during meetings?-
– appearing to favour his office for key conversations?
– usually opening his laptop at offsite meetings?
– usually fixing the venue for important social events?
– being first to arrive at offsite meetings?
– encouraging but brief response to tantalising “gossip”?
– regularly listening intently with minimal comments?
– being vague but brief in answering key questions?
Hopefully the answer is “no” to most of these questions
If not
The Champion spiv will be Our Hero
Don’t worry. PR guru Traynor has wheeled out Sir Watty of Cardigan to soothe the fans frayed nerves. He says he hopes the current difficulties will all blow over and then we can get back to talking about football…
Rangers FC Official @RFC_Official 10m
Walter Smith is now in to talk to the media. Live tweets coming up!
Retweeted by Angela Haggerty
Rangers FC Official @RFC_Official 5m
WS on recent media reports – I don’t think these things are helpful. Hopefully they will settle down & we can get back to talking football.
Retweeted by Angela Haggerty
Rangers FC Official @RFC_Official 2m
WS – Hopefully in the next few days, everyone can sit around the table and discuss everything that has been reported in the media.
Retweeted by Angela Haggerty
How long can the SFA stay quiet?!?!
On….
1) Yorkie admitting he was in cahoots with Whyte – whom the SFA had banned from football for life, remember – to buy (the assets of) TRFC
2) Yorkie (presumably) lying to them when asked in the licence/membership negotiations “Is Craig Whyte involved?”
3) Yorkie admitting that he was willing to tell Craig Whyte what he wanted to hear in order to get what he wanted – as (presumably) he did to the SFA to get the licence/membership? His quotes suggest this is his standard MO
4) Yorkie’s embarrassing ‘clarification’ of how Craig Whyte’s money (£137.5k and 325k) came to be in his personal bank account or the bank account of an associate’s mother
5) Yorkie’s embarrassing “p*ki” comments which caused Show Racism the Red Card to become involved
Seriously, can they honestly still feel he is a fit and proper person? What are they doing? What is their function? I’ve e-mailed them but (as usual) no response as yet.
Answer
Kevin Bacon played the Hollow Man (who was indeed invisible)
The others including Traynor have played the Invisible Man.
Stuart Dougal on Sky backing the refs at the German game last night,you know ,maybe a few lessons from Charlie on how to call might help,you know in Scotland we just seem to get the time and places and people wrong when something needs said.
On another note ,do they have health and safety signs posted in the offices at Hampden,Warning,mind Mind the bumps in the carpets,theres probably one that resembles the shape and size of Mr Ogilvie
I do wonder if the silence from the sport’s governing bodies is not entirely unrelated to fear in certain quarters of which tape the bold Craig Whyte might be picking from the shelf next.
Tic 6709 says:
Wednesday, April 10, 2013 at 11:28
4 0 Rate This
wottpi says:
Wednesday, April 10, 2013 at 11:09
At least someone in the Bear’s Den has a sense of humour.
“Peter Brady. David McCallum. James Traynor. Kevin Bacon.
For the life of me I can’t figure out who the odd one out is. Can you help?
(One for the oldies maybe)”
No peeking over there for the answer
=======================
Was Peter Brady the original invisible man.?
———————————————————————————-
campbell ogilvie been awarded the 2013 – hide and seek world championship medal
wottpi says:
Wednesday, April 10, 2013 at 10:10
spanishcelt says:
Wednesday, April 10, 2013 at 09:37
ecobhoy says:
Wednesday, April 10, 2013 at 09:46
————————————————————————————-
Not that it probably means anything but Green did state that his shares were going to be kept for his grandchildren. Probably total moonbeams like just about everything else but worth remembering.
Phil MacGiollaBhain@Pmacgiollabhain15m
What would you do if ,as a CEO,thought that your stadium was about to be padlocked by a legal wrangle? #DiscussTheSituationWithaBuddy
Does CG have any buddies left?
Araminta Moonbeam QC says:
Wednesday, April 10, 2013 at 12:52
0 0 Rate This
I do wonder if the silence from the sport’s governing bodies is not entirely unrelated to fear in certain quarters of which tape the bold Craig Whyte might be picking from the shelf next.
=============================
Like this one??
http://www.bbc.co.uk/news/uk-scotland-glasgow-west-19923446
Hi guys. Been offline and incommunicado for the last week or so. Have I missed anything ?
Humble Pie says:
Wednesday, April 10, 2013 at 13:10
Not much, hints that tomorrow could be interesting 🙂
jerfeelgood 10:52
Good post
As a result of this week is it possible Charlie was at St Mirren not discussing league reconstruction as SM denied this. With ticketus looking for their money from MR Whyte and the recent revelations with Green and Whyte is there a possibility that Sevco may be looking at ground sharing for next season and Paisley fits the bill?
Any thoughts on this as I think the MSM are aware of something looming and they are on Charlies case as a result of this.
Thursday has been mentioned for some negative news, just maybe.
Its got to be said,the SPL take longer than usual to roll out the split fixtures ,they have Celtic up in Digwall on the 5th May,a day later Sevco announce the have a wonga raising match against a Man Utd zimmer select,prob just coincidence but thats where we are in this country.
Long Time Lurker says:
Wednesday, April 10, 2013 at 12:59
Phil MacGiollaBhain has been on the money in the past in breaking many stories about Rangers, but recent efforts have been nothing more than cheeky hints about stuff that didn’t happen.
Do you think there is any chance of the gates of Ibrox being padlocked by this conflict over who owns what? Absolutely none. There was the story that they didn’t have all the cash they claimed from the share issue – seems they do.
I enjoy Phil’s work and respect to what he has achieved. If he has some real news I would be delighted to read it. If it is simply a few fun comments to poke the Bears with, so be it.
nawlite says:
Wednesday, April 10, 2013 at 12:35
4) Yorkie’s embarrassing ‘clarification’ of how Craig Whyte’s money (£137.5k and 325k) came to be in his personal bank account or the bank account of an associate’s mother
———————————————————————————————————————–
I’m going with the “Father Ted defence” that it was only resting in his account. 🙂
1
Murray decides that the money fans invested in Debentures, is no longer a liability but in fact it’s an asset. He then promptly increases his borrowings on the back of this non consulted decision
2
Murray , having been informed by the original Trustees in Jersey they were unhappy with his operation of the EBT scheme, finds and appoints the most compliant Trustee in The Channel Islands. This allows him to continue with his film flam EBT scheme for another few years
3
Murray appoints his own in house valuer for his portfolio of properties. The institutional valuers clearly having reached the end of their usefulness. This little move allowed the balance sheet to avoid negative net worth
The nature of the outrageous valuations of Murray balance sheets have been demonstrated by the £100’s of millions in losses and asset write downs at MIH since Lloyd’s started controlling the business
4
Ignoring the report from the Independent Directors, and factual evidence presented daily by “the Bampots” Murray offloads Rangers to Whyte ,who’s plan was administration and pre pack from the outset
This act by Murray , instantly and irrevocably lost every single penny of fan shareholding value
5
Whyte , after a momentary panic, is allowed to appoint his pet administrators Duff and Phelps. Co-incidentally this was very fortuitous timing for D &P as the fees earned no doubt helped enhance the price they got for selling their own business in 2012. Just a piece of good luck they got fees of £4 million against initial estimates of £500 K
6
Sevco 5088 and Sevco Scotland . An admitted con , one which lends serious doubts over the legality of the asset sale, the IPO and the SFA Licence
A series of actions which shame the regulatory authorities in Audit, Valuations, Banking, Football and Honours
6 Actions which have been highlighted as ludicrous , questionable and bound to fail at every stage by the “Bampots” . The MSM are now on the case, better late than never, however they are now doing a good job .
The story can’t end though with a scapegoat. Whyte and his business practices are abhorrent, however in my view Green is equally disreputable. His claims and outrageous statements , viewed in light of trying to attract investment, should be the subject of an FSA enquiry. He is equally as deserving of a Directors ban should they find he mislead investors, and there is plenty of evidence that he did
Murray however is the root of all of this. Even today he is being given a treatment by Lloyd’s which differs markedly from other busted flushes . I believed initially that Lloyd’s were merely putting a different cosmetic approach to what was effectively the winding up and sell off of all of MIH assets. He was yesterday’s am and being treated as such by Lloyd’s. However questions need to be asked about the sale of assets from MIH to Murray Capital. Lloyd’s should prove beyond any doubt that Murray paid full value in a competitive bidding process for every asset he purchased. The UK state has paid a heavy price for supporting Murray’s ego fueled efforts to become a player
He failed utterly . His business is carrying losses of £372 million. All of which has been covered by Lloyd’s to spare him the. Ignominy of admisistration and liquidation
40 % of that £372 million is paid directly by the UK government of behalf of UK citizens. That’s £149 million and counting.
It puts the scandal of spending £3,750 per MP to debate Thatcher into perspective
James Crosby , who was an architect of failure at HBOS has offered to return his Knighthood . Small consolation for the incompetent , hubristic damage he wreaked on the economy, but at least he recognizes he’s responsible , culpable and wholly unfit for public accolade
I venture Ally McCoist has more chance of winning the CL than there is of Murray making a similar and necessary gesture
paulsatim says:
Wednesday, April 10, 2013 at 12:31
Rangers FC Official @RFC_Official 5m
WS on recent media reports – I don’t think these things are helpful. Hopefully they will settle down & we can get back to talking football.
Retweeted by Angela Haggerty
Rangers FC Official @RFC_Official 2m
WS – Hopefully in the next few days, everyone can sit around the table and discuss everything that has been reported in the media.
Retweeted by Angela Haggerty
———————————————————————————————————————
So the cardigan is only “hopeful”
You would think the directors and non-execs would want to discuss it IMMEDIATELY with the CEO and NOT HOPEFULLY in the next few days. Any bets that meeting and press release will be next Wednesday when it will be a good time to release bad news?
tomtomaswell, I think you’re giving your age away with one of my old jokes also. Of course Peter Brady was the name of the character and not the actor. Not sure if JT is an actor or not.
Not much, hints that tomorrow could be interesting
_______________________
Don’t tell me the N Koreans are at it again! I’m not able for any more nuclear events
SFA finally break their silence…
Rangers chief executive Charles Green issued with notice of complaint: http://t.co/S1h4Hr7z2J
Least of his worries, now.
valentinesclown says:
Wednesday, April 10, 2013 at 13:20
How big is st mirrens ground? I wonder how much of his financial problems could be solved by mothballing Ibrox for a couple of years? It wouldn’t go down very well with themses down govan way tho. An awful lot of folks to lay off….
P.I. Paul @MTHForum7m
Just heard through a colleague that a request for Bailiffs has been made re Ibrox & Murray Park
Followed by Paulie Walnuts and 6 others
Can anyone back this up?
LTL – that is a batsh*t crazy rumour but it has made me grateful that I’m on holiday this week, just in case.
Long Time Lurker says:
Wednesday, April 10, 2013 at 13:42
All sounds very familiar. It couldn’t be true could it?
THE bailiffs arrived at Ibrox yesterday as Craig Whyte and the taxman held last-ditch talks over an unpaid bill that could top £4million.
http://www.dailyrecord.co.uk/news/scottish-news/rangers-hit-back-at-taxman-as-sheriff-1080394
Araminta Moonbeam QC says:
Wednesday, April 10, 2013 at 13:46
Perhaps there is some legs to this – hope you have a good holiday 🙂
P.I. Paul @MTHForum13m
Just heard through a colleague that a request for Bailiffs has been made re Ibrox & Murray Park
Steven @StevenOliver744m
@MTHForum how good is the info?
P.I. Paul @MTHForum53s
@StevenOliver74 at this stage they appear to be looking to tender the work….
Gies a job ,no charge just supply the padlocks and chain,done deal.