Scottish Football and the case for a Bismarck!

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Welcome back RTC. Great post. Good analysis and highly readable …

Comment on Scottish Football and the case for a Bismarck! by ptd1978.

Welcome back RTC. Great post. Good analysis and highly readable as always.

Not sure Whyte will allow the club to be crashed without a fight, at least until he has his judgement. He might just be able to buy Ticketus off with whatever it is he is awarded. Not sure he needs poker skills for this hand anymore. He’s all in.

ptd1978 Also Commented

Scottish Football and the case for a Bismarck!
StevieBC says:
Wednesday, May 8, 2013 at 16:24

“- Respect confidential information of clients, former clients and potential clients”

If you want to put money into the “club”, we wont ask where it came from.


Scottish Football and the case for a Bismarck!
Club = Company? Course it does!! It did last time until the company died too.
Classic bit of spivery and one we should have expected.
“Gies yer money or yer CLUB will die!!!”


Scottish Football and the case for a Bismarck!
Richard Wilson (@timomouse) says:
Monday, April 29, 2013 at 23:38
4 0 Rate This
http://www.thefootballlife.co.uk/post/49209790352/the-deid-and-their-deeds

On the deeds and how they could have come to be under Sevco Scotland rather than Sevco 5088.
_____

Not sure this holds water. The details of the agreement itself can remain confidential, however the principle of the sale has to be made know to the creditors and effectively changing the buyer is a big enough caveat to require a failure notification and another proposal.
Even if the plan was to re-write the the fine print to include “Sevco – or it’s successor”, it would have to provide data on the successor company, either to the same degree as with 5088, or at least to specify that it was identical in every way to the previous company, except it was registered in Scotland. Of course CW’s involvement in one but not the other would mean that would be totally untrue.

More likely, TRangers will find a way to demonstrate the deeds went through 5088 by way of it being a subsidiary and rely on the Scottish “justice” system to find a way of denying Whyte’s involvement with 5088 for them.


Recent Comments by ptd1978

Spot the difference?
Okay, left field time.
I believe the 3Bs and King are nearing a point where they will consider taking action to separate TRFC from Ibrox, MP, the car park and everything that has a fixed charge.
Ashley has played his hand and is prepared to leave the stage provided his commercial interests are ensured. His loans defaulting will guarantee that no one touches his other interests, lest they lose


A spectre is haunting Scottish Football
Just catching up on the previous few months of goings on after a long illness.
So there’s a new shake down artist in the Big House. Plus ca change…
One thought does occur from recent days though…
What happens to Rangers debt if Mcleod refuses to sign for Newcastle??


Podcast Episode 5 – Hibs Takeover ?
RhapsodyinBlue
I actually agree that this blog can get a bit on triumphalist sometimes. For my taste at least. That said it is well moderated and there are a number if good reasons why it works the way it does.
1. This is a blog about football. Not the games themselves per se, but we are all – red, blue, green black, white, maroon, tangerine, amber, claret, whatever – linked by a love of the game and a desire to see it thrive as a sport. Many of the issues we discuss here are raised first on the internet and either ignored or misrepresented by the authorities and the Mainstream Sports (and business) media until such a time as they become crises or disasters. Given how far ahead of the story we can be and knowing how frustrating it is that the story may not be being covered for reasons that may not be compatible with journalistic ideals or holding high office in a sporting association, we naturally celebrate and give a big attaboy to the bloggers who got the story so far in advance of it going mainstream.
2. We’re football fans. We are capable of sitting down and having a nice drink with well met rivals, or of hurling the type of abuse reserved for games with bitter rivals. We don’t get that bad online, but the choice is yours. Engage with us and we all learn from each other, or poke criticism from the sidelines and have people take your words with caution for fear you are a troll.
3. We dwell on Rangers and The Rangers for a very good reason. They’ve been at it more than every other club in Scottish football put together. There are some stories about them which we look at and there is a concensus that try are not worth looking at too closely. CW still being involved, the secret underwriting rumour etc.
The big stuff though needs answered and we stick at it because questions that mainstream journalists have a duty to ask are being ignored, and the football authorities are also them being allowed to ignore them.
We do look at other stuff. The Celtic land deal was superbly dissected and revealed to be a tissue of fabrications and what-ifs. The fact remains when the rubbish is sifted out and we only have facts to base out analyses on, most of the stories that reflect on misapplied Scottish football governance and rule breaking have emanated from Ibrox.
3. I genuinely believe if there was a big story about Celtic running around, it would be covered here. Many would look at it with a heavy heart, but it would be looked at thoroughly and there would be plenty of contributors who would feel the need for a small revel in Celtic’s discomfort. That said most Celtic fans here are the kind of folk who would accept any such story with dignity (in spirit, not just as a word) and accept the damage their club did. I include PMGB in that. I believe he is a top class journalist and would continue to operate as such even if his story left him with a heavy heart about his football club.
The thing you’re not recognising is that no other football clubs are in a position to distort the game the way Rangers did. The authorities actually hold other clubs to account to some degree or other. While they might be tempted to let Celtic away with stuff because of the financial importance of the club, too many at Celtic still remember Farry-gate and the lack of help from any one other than Fergus McCann when the club almost died. There is no appetite to do what Rangers did.

You’re have a lot to contribute here. Please do so and by all means speak up if you think the blog is straying from it’s intended purpose, but keep it reasonable.


Podcast Episode 5 – Hibs Takeover ?
The 1.2 million in the bank confuses me. Does this exclude the ring fenced ST cash, or was there some clever lawyerly wordplay to give a figure for funds available as opposed to the cash actually there.
One thought occurs, any chance RIFC will be going to Deloitte and asking to use the ST money for the arrestment? With an undertaking to actually pay Ahmad from other sources if he is ultimately successful, that could kick this can down the road for another couple of months.
Also, the comments made by Summers today do not appear to have been aimed at winning today. Seems to me that someone made a decision to use him to throw some PR guff out. What possible relevance does Europe have on a case being heard in two months.
I would have thought a savvy lawyer could have turned the info gained from anyone on the board on its head in less than five minutes. “Here are the CEO’s most recent announcements on the AIM m’lord. The facts revealed in them are almost contradictory to the information provided to you today by m’colleague on the board’s behalf. Does your lordship see it as reasonable that such a remarkable turnaround could be achieved in the middle of a significant corporate action – The Open Offer currently open to shareholders, and that all this good news would be withheld from the shareholders while they are being asked to make crucial financial decisions? I would submit that the evidence presented today has been sculpted to give a a very misleading impression.”

I would then do a bit of analysis between the board predictions at the last 2 hearings and the actual state of affairs. Just to ram it home that they’re not full of hope for the future. It’s something else they’re full of.

Last point. The suggestion was made that the nature of the contract IA had was a stitch up with CG. Something Summers backed away from quickly.
This goes to the reason I believe RIFC are in real trouble. It may be possible to unstitch a numbers of onerous contracts by demonstrating CG was at it. Problem is doing that in court would turn Wavetower’s weak claim into a suddenly very strong one. CG really did stitch this company up well.


Podcast Episode 5 – Hibs Takeover ?
I have a feeling that Friday might be a bit if a damp squib. I doubt it’s possible to argue that they already have that money set aside at the auditor’s request, or that such an arrestment would be enough to sink the company.
You have to give RIFC lawyers credit, that earn their cash coming up with new and inventive arguments that put RIFC’s interests ahead of perceived natural justice. I’m at a loss as to what they can argue on Friday beyond shouting that everything is just not fair.


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