Of Assets and Liabilities


Agrajag says: Sunday, November 4, 2012 at 19:10 https://scottishfootballmonitor.wordpress.com/2012/10/30/of-assets-and-liabilities/comment-page-15/#comment-21481 Similar problem as …

Comment on Of Assets and Liabilities by Henry Clarson.

Agrajag says: Sunday, November 4, 2012 at 19:10
Of Assets and Liabilities
Similar problem as with the money laundering scenario, do you also manipulate the computerised ticketing system. How many people need to be in on that for it to work?

The person who writes the software.

Henry Clarson Also Commented

Of Assets and Liabilities
Barcabhoy @ https://scottishfootballmonitor.wordpress.com/2012/10/30/of-assets-and-liabilities/comment-page-16/#comment-21608

Money laundering ……….now that would create a severe environment including blast, thermal pulse, neutrons, x- and gamma-rays, radiation, electromagnetic pulse (EMP), and ionization of the upper atmosphere.

I’m sure there’s a shorter description but it escapes me for the moment !

My tingling spider-sense tells me that money-laundering is a central part of the Ibrox corruption but I still can’t put my finger on the precise mechanics of the process.
There are some interesting articles on this Arsenal fans’ forum about money-laundering in football. . . http://blog.emiratesstadium.info/archives/18851

There are schemes which I can imagine would be relatively easy to get away with. The most obvious of these would be general merchandise and especially replica kits. The mark up on a football strip must be close to one thousand per cent. I can see how recording cash sales for thousands of these articles every year could easily clean up dirty money well into the six-figure realm. But I still don’t understand how millions of pounds of dirty money can be “placed” into the finances of a football club without it attracting the attention of the rozzers.

However, I do understand that the banks – who are supposed to assist the authorities by watching out for tell-tale signs of money-laundering – in practice do quite the reverse and actively assist the crooks in their illegal enterprises. After all, it’s becoming more and more clear to the wider public that banks themselves are indistinguishable from criminal institutions.

Meanwhile Gavin Masterton, major shareholder, board member and long-serving chairman of Dunfermline Athletic, has contributed nothing to the public debate, as far as I can see. Yet he ran the Bank of Scotland and allowed Sir Minty inexplicable levels of credit right up to the point where Murray’s companies were responsible for about one tenth of the toxic liabilities which destroyed the bank. How does he manage to stay out of the spotlight?

Irresponsible practices and downright criminal behaviour at the Bank Of Scotland will surprise nobody who follows the estimable Ian Fraser’s blog. http://www.ianfraser.org/re-examining-hbos/ Mr. Fraser reports on the Thames Valley Police’s investigation into “corruption and large-scale fraud in connection with HBOS” and describes some of the events in the report as “the most egregious financial scandal I’ve come across in 20 years as a business and financial journalist.”
That tells us a great deal about the moral climate in the Bank of Scotland at that time and although Gavin Masterton is not involved in that particular part of “Operation Hornet”, it appears to me that his relationship with David Murray needs to be scrutinised in detail. When you add ino the fact that every SPL club – other than Celtic – banked with the BoS during most of the Minty years, there is ample opportunity for the bank to exert influence events on the field in order to boost the fortunes of their favourite customer.

I also note that football has become increasingly attractive to a number of people who have had or are still having problems with the authorities over money-laundering allegations. In this respect, I keep waiting for the name of Dave King to move up towards the top of the bill. This dude seems to be untouchable so far. The South African Revenue Service has brought more than 300 charges against him which include tax evasion and money-laundering. He reportedly invested £20 million of “his own money” in Rangers over a decade ago. No questions asked? He alone seems to have had a foot in every camp during the collapse of the club, retaining his position on Whyte’s board long after every other director had abandoned the ship or been thrown overboard.

I can’t make sense of all of this myself but something smells very badly wrong. It’s almost as if Green’s “look at me” histrionics are designed to divert attention away from the real action and while he hogs the attention and headlines, the mysterious Mr King only ever seems to appear on the stage at the time of his own choosing and in circumstances which he selects. The relatively low profile of a former Rangers director who is up to his neck in money-laundering allegations seems to me to be a red flag in itself.

I don’t know how to join all the dots between Masterton, King and Rangers but I can’t yet believe that the issue of money-laundering isn’t lurking somewhere in the finished picture.

Recent Comments by Henry Clarson

Why We Need to Change
With reference to Trisidium’s original article, it appears to me that all of the talk and discussion about the issues of sporting integrity will come to nothing for as long as tens thousands of people continue to pour millions of pounds into Scottish football.
Nothing will change until that stops.

Spot the difference?
“Rangers” are now looking for another hotel in London to host the EGM after the Millennium Gloucester hotel in Kensington, cancelled the original booking.
This could run and run.
By the time “Rangers” have been knocked back by another half a dozen venues, the board might eventually decide to hold the EGM at Ibrox after all.
If shareholding supporters’ passions are sufficiently inflamed, it may yet come to pass that the chairman will be unable to call the meeting to order and will have to postpone it for up to 28 days.

Spot the difference?
For me, the most significant aspect of the OCNC issue is not so much what the truth of the matter is but rather the absolute determination of the MSM and football authorities to prevent debate on the matter.
Where there are conflicting opinions, an honourable media outlet would allow each side to offer its view and encourage frank debate. The principle scandal is the MSM’s relentless suppression of the view expressed in the Herald advert.

A spectre is haunting Scottish Football
wottpi says:
December 19, 2014 at 9:27 am

I think you’ve called it exactly right.

A spectre is haunting Scottish Football
Auldheid says:
December 18, 2014 at 7:16 pm

The major problem with SFA rules, regardless of what they are, is that they almost always contain a get-out-of-jail-free clause along the lines of “any course of action which the SFA may choose to adopt as it sees fit” or “the SFA may, at its discretion, ignore all of the rules above and make up anything that suits it.”
They riders may not be couched in those exact words but they’re the same thing in practice.

It really doesn’t matter what the rules are when the governing body reserves to itself the right to ignore them, override them, amend them or completely rewrite them on the fly.

The SFA rule book might as well be reduced to, “Do what thou wilt shall be the whole of the law.”

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