Comment on Naming the Rose by goosy.
18 Oct 12 15pm
Whyte said that Minty was well aware of STs being used for funding even going as far as saying it was Minty`s company (MCR) that suggested Ticketus as a funding source. To emphasise Minty`s awareness he threw in a few other items included in the May 2011 sale agreement He admitted that the sale agreement addressed the insolvency scenario including liquidation of Oldco and formation of a Newco
That’s interesting when you look back to the situation in May 2011
CW took over a 1999 floating charge which the BOS (now LBG) held over RFC in exchange for a hefty loan. This charge predated new legislation introduced in 2003 which limited the rights of fc holders
The new legislation did not apply to the RFC floating charge. It meant that Whyte could appoint a prepack Receiver of his choice who was legally obliged to act only in the interest of the floating charge holder. This meant that HMRC and the other Creditors were powerless to oppose any legal decision by the Receiver that benefited the FC Holder
So in May 2011 there was a legal framework that enabled the liquidation process to be anticipated with some certainty providing Whyte applied for a Receiver to be appointed to act solely in the interest of the FC holder (This failed when HMRC intervened on Feb 14 2012 and the ballpark changed forever)
However back in May 2011 it was possible for Minty to make Whyte follow a particular prepack Receiver Oldco/Newco route by describing these actions in the sale agreement
Which begs the question?
Why did SDM want to prescribe any part of the process whereby Oldco were liquidated and Newco created?
What business was it of SDM ?
What interest did he have in a Newco was formed?
Why did it matter HOW a Newco was formed as long as it was formed?
Here`s one plausible answer
Newco had to be set up in a way that gave Minty his laundered money back
Newco had to be sold to a 3rd party who would honour the Ticketus ST contract for 3yrs
And who might that 3rd party be?
Well if the creation of Newco was being prescribed in that sort of detail there is only one answer
Our Hero would blame Hector for the mess, instruct the Receiver to award him the assets and persuade the Bears that repaying Ticketus was a small price to pay for saving RFC. He would then launch his own fund raising and exit stage left with a large pay off
Naming the Rose
I remember thinking D&P had made a faux pas at their first press conference(transcript available on RTC) when they “inadvertently” admitted that they were working for RFC(NOT CW) in the run up to the takeover
Whyte confirmed this tonight when he remarked that it was SDM`s company (ie MCR now D&P) who advised him to go to Ticketus for funds to finance the LBG debt
Meaning SDM funded the entire cost of MCR `s help to CW up to the date of the takeover
So he did only spend a £1 after all
Naming the Rose
Why did Whyte the known Spiv go public with a plausible yet damning attack on fellow Spivs Green, Grier and Clark while at the same time making an implausible attempt to exonerate Minty?
It wasn’t done to uphold Whyte`s reputation for integrity
So there are only 2 possible reasons
1 It was done for money
2 It was done to steer the police investigation in a particular direction which will eventually mitigate the actions of Whyte when all the Spivs are in the dock
Spivs rarely cooperate with the Bill in public. When they cooperate they do so in secret.
So we can rule out No 2
This leaves money as the real motivator for Whyte
How does Whyte profit from todays disclosure?
He profits if D&P are found guilty of conflict of interest WITHOUT him being interviewed as his voluntary statements will support the findings of LH and the Insolvency Practitioners Association
He profits if the IPO is suspended by AIM because the sale agreement could be cancelled due to COI
He profits if his RFC related actions up to Administration on 14 Feb 2012 can be defended as being within the law
He profits if his floating charge reverts back to RFC from an (unnamed) Sevco 5088 subsidiary (where it probably rests now) and does not get challenged by HMRC when RFC are liquidated. This enables Whyte to pay off Close Leasing`s fc and claim Ibrox and MP in lieu of his £27m fc claim. He can then sell the assets to genuine fans of the deid club with the proviso that the Ticketus deal is rolled over
He profits if he can secure the cooperation of Ticketus in exchange for staying silent about the identity of Ticketus investors and their probable link to Minty
He profits if in addition to the Sale Agreement to buy RFC there was also a secret agreement under which Minty paid Whyte a large bonus for keeping him out of the spotlight
It’s not part of the original plan
But it’s part of the latest plan
Naming the Rose
Just watched CW part interview
Did you dupe SDM?
If I heard it right Whyte said the RFC sale agreement between him and SDM also covered ST funid the deal, liquidation of RFC and the setting up of Newco
Its the end of the beginning
Launch of SFSA Fans’ Survey
JULY 28, 2017 at 11:42
I really think that the SFSA could – and should – grasp an opportunity like the SPFL statement to assume a moral leadership of fans of Scottish football. I’m not sure what it is they hope to provide in terms of moral authority if they are not fearless enough to address directly the biggest and still evolving scandal the game has seen. I am hoping that like Celtic, they are taking time to respond. The question is, how can they ignore it?
Its not all that difficult
.At their next Board meeting the current SFSA Board should vote on whether they are prepared to make upholding sporting integrity the prime goal of their Mission Statement. All other goals will be subservient to this aim. Key Performance Indicators should then be developed to measure whether the governing bodies are upholding integrity going forward. Regular reports should be emailed to members when, as we expect corruption continues to be manifest in mismanagement of current rules and the law of the land. However The SFSA should avoid public involvement on any topic until they have a fully functioning democratically elected Board comprised of Fan Directors.
The focus on integrity should automatically make resolving corruption the number one goal for the immediate term. It would enable an umbrella coalition to be established between the SFSA and other groups solely responsible for pursuing the Judicial Review route. The idea would be that the SFSA address an d measure progress on long term implications of removing the elephant while the rest of the coalition get on with shoving it out the window
Steps should be taken immediately to introduce democracy to SFSA using as a voter roll the names of all those for whom they have email addresses. Groups claiming to represent many unnamed members should be charged with adding them to the email voters roll by a target cut off date. The election of Fan Shadow Directors to overlap with the current Board should proceed on a democratic basis shortly after the cut off date. Whether this is by direct election or through some temporary representative body should be thought through and voted on by email.
The views of the Celtic Board are no longer relevant
They had the opportunity to stand up and be counted .Instead they cooperated by their silence in a disgraceful, unethical and shameless strategy. Their focus now should be removing Bro Walfrids Statue from Celtic Park before it falls over in shame
Launch of SFSA Fans’ Survey
AULDHEIDJULY 27, 2017 at 22:11
Goosey GooseyWhen there is 0% chance of opening the door, 20% is worth backing.
Like I said
I`ve yet to meet the person with 80% integrity
Or put another way
I don`t trust people who have proven untrustworthy on an integrity issue on even one occasion
Sometimes I have no choice but to put my fate in their hands
Some worked out. Some didn`t work out
But because I had no choice I went along with it unwillingly
That wasn`t trust. It was Hobsons choice
When I have the choice not to trust them because there are other options
I don`t trust them and go for an alternative
Having said that
Its a free country (apart from what we both agree on)
People may put their trust in SFAS using whatever criteria they deem most important
For me when dealing with corruption there is zero room for compromise.
Its an issue of integrity, right or wrong ,good or evil, black or white
I won`t trust SFAS
So as I said before
Launch of SFSA Fans’ Survey
AULDHEIDJULY 27, 2017 at 21:32 goosygoosyJuly 27, 2017 at 20:38 (Edit)
Read my post about capacity building. Have you anything better to suggest be done in their place? Are you going to do the work those volunteers do or are you happy just to snoop and snipe?
i have great respect for you and your track record in opposing corruption
I am too long in the tooth now to believe platitudes without checking the facts. I am happy to contribute to a crowd funding initiative seeking a JR of the corruption associated with the recent past
I`m not snowed either by face to face meetings with people who have proven they lack integrity.
Thats a virtue you either have or you don`t have
I`ve yet to meet the person with 80% integrity
So as far as SFAS are concerned
Launch of SFSA Fans’ Survey
Oh Dear as PMG might say
I fear I may have tripped over a can of worms in my previous post at 14.56
Thinking back to the sterling work done by the combined efforts of talented posters on the RTC Blog
I thought it might be fun to have a look at SFSA in a bit more detail
Current Office address 4 Woodside Pl, Glasgow G3 7QL
If you Google Earth this address and postcode there`s a man walking along the pavement who looks awfully like a member of the SPFL. Can`t be sure of course as faces are blurred with Google Earth but the odd way of walking seems familiar.
It was enough to pique my curiosity so I had a look elsewhere on the web
Lo and behold
Up comes the following
Official Launch early April 2015
“The SFSA, which says it has reached 40,000 pledges of support from Scottish fans’ groups at club level, will include a national advisory group.
It will contain experts on football and governance matters, including former First Minister Henry McLeish and Maureen McGonigle, founder of Scottish Women in Sport, and from academia and the business world.
They will work with a football advisory group that so far includes fans from Aberdeen, Ayr United, Celtic, Dumbarton, Hearts and Rangers”
Does 40,000 pledges of support from a Club Group mean every member of that Club has registered an email address with SFSA?
Or does it mean one person from each supporters group registered on behalf of their members with or without their consent? Does this explain why the SFSA had 40000 members before it was launched ?
“Whereabouts on the current website can you find the names of the fans on the Advisory Group from Aberdeen, Ayr United, Celtic, Dumbarton, Hearts and Rangers”
Why are members of the Advisory Group selected by the unelected CEO and Chairman of the SFSA Board and not elected by the members?
The Fans’ Manifesto
Fans want change
Scottish football needs and deserves a future. As a movement of some 50,000 fans (and growing) the Scottish Football Supporters Association (SFSA) believes that it really is possible to renew, reform and reclaim the game. But the engine of that transformation has to be those who love and follow the game. That is what this Fans’ Manifesto is all about.
In 2015 we asked football supporters across Scotland what they wanted to see for the future. We got an amazing 10,000 responses.
Among the mass of ideas and comments there were aspirations large and small. In this document we have distilled some of the biggest ones, and combined them with ideas that have now been in circulation – buttressed by a number of other surveys – for some time. This Manifesto contains nine key pointers towards the future of football game in Scotland. It is intended not as an end, but as the beginning of a renewed national conversation that needs to reach out well beyond the established boundaries if it is going to bring credible action
RENEW THE GAME
01 Bring back the fans through competitive pricing and family facilities at every club
02 Make football in Scotland media-friendly and innovative at every level
03 Re-market the Scottish game, pressing for financial fair shares and transparency REFORM THE GAME
04 Rebuild the game with larger divisions, more variety and improved competition
05 Equip every club to be a ‘community hub’ for wellbeing and entertainment
06 Re-invest in youth through fresh plans for training and education
RECLAIM THE GAME
07 A ‘diversity drive’: 25% fan representation on all governing bodies in five years, 50% women, a permanent place for the national fans’ body
08 Regular, independent auditing and review of the performance of governing bodies and clubs
09 Extend community and collaborative ownership, create a fans’ right to bid or buy when clubs are for sale, create a fans’ bank or fund
Did any of the 10000 fans who responded to the survey mention that there might be a problem with corruption at the SFA and SPFL?
Were they so few in number that their concerns were excluded from the Fans Manifesto?
Did any of the 10000 fans who responded to the survey mention sectarian singing, intimidation of officials, letter bomb training, assaults in the street as potential issues being ignored by the governing bodies?
Or in a nutshell
Did any of the 10000 fans who responded to the survey mention dissatisfaction at the manner in which the SFA and SPFL were handling the Rangers situation?
Or to summarise the above
Did the SFSA sanitise the 10000 responses of their own volition or did they do so at the request of a 3rd party?
There are stacks of angles to the above which could be addressed by many of the fine posters who inhabit this blog
Whats clear so far is that SFSA are not a democratic organisation despite being in existence for well over a year
Its also clear that despite their “plan” to eventually become democratic they are unfit in the immediate term to represent Fans concerned about the way the Rangers saga has been corruptly managed by the governing bodies
Indeed their own manifesto specifically ignores the biggest scandal in Scottish football in living memory
Launch of SFSA Fans’ Survey
This post might be unpopular
I`ll stand corrected if I`m wrong
If there is one thing suspicious in all of this corrupt saga it`s the convenient emergence on the public stage of the SFSA in the last fortnight
This self-appointed body with apparently no funds is stuffed with self-appointed politicians One of them at least has been found guilty of having dirty hands. It has created a community company appointed its own Board and defined its own remit before its public launch. It doesn`t once use the words morality or integrity or fairness or corruption to justify its existence. It doesn`t even mention a goal of being transparent to its members It has invited German football academics to tell their unelected Board what sort of questions Scottish fans should be asked about. It has went on to unilaterally approve a bland survey questionnaire that will consume a few months help dissipate the anger of some fans and tell us nothing we don`t know already.
The official SFSA top down remit will take years to completion. It smacks strongly of how the English Child Abuse Enquiry was set up years ago by politicians determined to protect politicians and their establishment allies. Its Terms of Reference were deliberately set so wide that many of the accused and their victims passed away before their case got considered. And that`s exactly what could happen here.
Or put more simply
It’s not an organisation claiming the simple raison d`etre of upholding sporting integrity
The survey document smacks of long term civil service thinking. It starts from the premise that things might actually be hunky dory, so let’s take the next few months to quantify the “general level of disquiet”. This top down approach is a recipe for time wasting and switching off the members. It is frankly smacks of the sort of approach you would expect from Soviet era Trade Unions. The festering sore that is the Rangers tax case doesn`t qualify for a mention. SFA and Police management of sectarian behaviour is ignored, Nothing is asked about how our corrupt governing bodies are paralysed about physical intimidation in football.how keeping the peace outranks morality. This is despite letter bomb training, street assaults and threats to torch a football ground. Most of all is the complete absence of an SFSA declaration of transparency.
Corrupt SPFL Statement
Its early days for the SFSA
So far they have not commented on the SFA and SPFL Statement. Does their Board have no opinion?
Is it because the leadership of the SFSA is well aware it is not a “Fan Elected Body”?
It has no mandate to speak for its members. So they are obliged to keep quiet.
However, having no mandate also means they should not respond to any appeals from our corrupt authorities to engage in private discussions
It is clear that the governing bodies wish to avoid discussing the corruption crisis in terms of sporting integrity. Their strategy is moving the goal posts from integrity to legal mumbo jumbo. Their aim is to confuse the peasants. Their premise is that limited knowledge of the judicial system will force the peasants into disgruntled forelock tugging compliance
Move along peasant
If its legal and immoral then its ok
If it’s against integrity but within the rules its ok
Sometimes rules have to be bent if we think it’s necessary
Trust Us. That`s what happens in business
They forget that we peasants have simple minds. We see issues in terms of good and evil, right and wrong. We expect integrity to be the backbone of organisations who claim to be trustworthy.
Whats more worrying
I would not be a bit surprised if the SFSA are the first to be invited by the corrupt SPFL and corrupt SFA to come and talk to them in private about their forthcoming “Independent” meaning corrupt Review. Indeed they might even end up as “Representing the Fans ” on this stitch up.
That would be outrageous
Unelected politicians one with dirty hands representing you on integrity issues with that lot
I don`t see the SFSA fulfilling the role of speaking for fans in the specific one off battle against the corruption witnessed over the past few years.
The current un-elected SFSA Board may attempt to act in this role by cooperating with the so called SPFL Independent Review or try to subvert the timetable of the Judicial Review that is currently gathering momentum
If this happens
it will be a sign that they see themselves as budding members of the establishment. People who are in cahoots with the corruption we are trying to root out.
And as for representing fans to the governing bodies on any other issues.
The acid test will be whether they replace the SFSA Board with elected fan representatives BEFORE they have their first formal meeting with the SG or football governing bodies.