The Immortality Project

The Immortality Project – or – Death and Denial – Guest Post by Humble Pie

Death has a tendency to put everything else into perspective.

My family recently suffered a bereavement. It wasn’t a sudden death but it was still far too quick and far too soon for any of us to get our heads around. As our loved one’s illness progressed, each of us, in our own way, began to prepare for the inevitable. In the end, whilst it was not unexpected, it was nevertheless very traumatic, for everyone concerned.

Grief is a strange and often debilitating set of emotions. Even now, a few months on, when the intense sadness and tears have given way (mostly) to disbelief, we still find it hard to fully comprehend what has happened. We might never completely ‘come to terms’ with that fact, however, we do accept that it DID happen, much as we all wish that it hadn’t.

Many of you will be familiar with the Kubler-Ross model of the five stages of grief; Denial, Anger, Bargaining, Depression and Acceptance. Well, I am aware of having experienced each of these stages over the last year, as well as a couple of others which I wasn’t prepared for (a lot of personal reflection, a little guilt and a not insignificant amount of pain).

It seems to me that the Rangers supporters have been purposefully ensnared in an interminable cycle of the first two stages of KR; alternating between the denial of the death of Rangers and anger at what they feel has been done to their beloved club then back again to denial. This, as any first year psychology student will tell you, is a very unhealthy state of mind which, if not addressed, can quickly lead to physiological and behavioural problems.

At its lowest level, for example, people throughout the ages have continued to set places at the dinner table for their long-dead loved ones. They know in their hearts that the person has died but are comforted by the familiarity of doing the same things that they have always done. However, in extreme cases people have even kept and maintained the actual cadavers of the deceased, dressed them, talked to them and watched TV with them, in a state of absolute denial.

In archaeology, accepting and recognising the inevitability of death through conducting ceremonial burial services is considered to be one of the very first signs of a civilised people. You see, grief is a uniquely human and cathartic process i.e. it can produce ‘a feeling of being cleansed emotionally, spiritually, or psychologically as a result of an intense emotional experience’.

In short, grief is ultimately a good thing which leads you through a series of natural psychological steps towards acknowledgement of an unalterable situation, allowing you to take stock, re-evaluate and start to move on with your own life in a positive way.

That is what should have happened with the fans of the old Rangers.

Instead, this ‘never-ending cycle of the undead’ was positively encouraged by those many unscrupulous individuals who saw a way of making a fast buck from maintaining the ‘Then, Now and Forever’ illusion. Worse still, this resurrection fantasy is being facilitated by the very people whom we have entrusted to stop this kind of thing from happening in the first place. If only the SFA or the MSM had told them the truth, they might have had a chance to actually face up to the situation.

Unfortunately, these two bodies were so complicit in Rangers demise, so right up to their necks in the brown smelly stuff, that they were too afraid to face the inevitable anger which would have rightly come their way. So, they made up grim fairy tales to feed to the bereaved souls about non-existent ‘holding companies’, the ethereal ‘club’ which transcends death and by suggesting that it is ‘all a matter of opinion’.

Ernest Becker, in his 1973 Pulitzer Prize winning book ‘The Denial of Death’, posits that “human civilization is no more than an elaborate, symbolic defence mechanism against the knowledge of our own mortality”. This fear of death acts as an emotional and intellectual response to our basic survival instincts.

‘By embarking on what Becker refers to as an ‘immortality project’, in which a person creates or becomes part of something which they feel will last forever, the person feels they too have become part of something eternal; something that will never die, compared to their physical body that will die one day’. When this ‘immortality project’ is threatened it leads inevitably to fear, depression, loss of identity and sense of purpose.

In that case, the initial reaction of the fans to the imminent demise of Rangers was entirely predictable and understandable. “No way, this can’t happen to us, we are the people”. However, as soon as the full realisation of their club’s inexorable slide into liquidation began to sink in, came the expected anger. But towards whom should their righteous wrath be directed?

“Who did this to us, who are these people?” they cried. “Not I”, said Sir Murray of the Mint, “for I was duped”, “Nor I”, said President Ogilvie, “for it was never my role”. “Nor I”, said Mr Smith, “for I never knew nothing or nothing”. “Not us”, squealed the media monkeys in unison, “for that’s what we were told”, “Nor us”, said the SPL “it was nothing to do with us”.

“Who then?, we demand to know who these people are”, howled the horrified hordes. “T’was the Whyte knight”, they all concurred, “he alone caused this calamity”. “And the bampots”, sneered the slimy slug. “And the taxman”, puffed the pundits. “And the unseen hand of Mr Lawwell”, whispered the bilious bears from the safety of their den.

There were even those who tried to warn them, not least Hugh Adam, Phil Mac and RTC but they didn’t want to know. Even when their very own Messrs Green and Traynor spelt out, in no uncertain terms, that liquidation meant the death of their club, still they chose wilful ignorance. The MSM, with access to the same information, encouraged them to keep their heads firmly ensconced, ostrich stylee, on the banks of that ironically blue and white river in Egypt. Which just goes to show ‘you can lead a lamb to knowledge but you can’t make it think’

The point though is that the Rangers fans have heard the truth and once you have heard something you cannot unhear it. Even if you reject it, even if you deny it, it gnaws away at the back of your mind, infecting your subconscious.

Almost a year ago, I posted the following on TSFM. http://theinternetbampot.wordpress.com/2012/09/ in which I postulated that the SFA were too frightened to say anything which might imply that The Rangers were a new club.

Looking back at that post, I am amazed at how little the landscape has changed.

A year on and it has become apparent that the corporate cancer that destroyed Rangers has continued to metastasize in its new host. Charlotte’s revelations may have shown us that the rabbit hole goes much deeper than we first suspected. However, in my humble opinion, the information provided has only succeeded in ‘poisoning the well’ and deflecting attention from the main culprits in this disaster. Layer upon layer of complexity has been added to an already opaque story and the majority of her utterances appear designed to engage the more enquiring minds on this forum and consume their excess mental energy.

I know that some people are bored with this ‘debate’ but, to my mind, the single most important step for the redemption of Scottish football is the fan’s acceptance that The Rangers, who currently ply their trade in the SPFL First Division, are a new club. Once they have accepted that then everything else that they perceive has happened to them will begin to make sense. They will see that rather than everyone having a fly kick at them when they were down, most were actually trying to help them. It will also dawn on them that the very people who have been telling them that there is an anti-Rangers conspiracy against them are actually the same ones who are screwing them over.

Rangers were not relegated to div 3, The Rangers applied as a new club and were granted entry into the bottom tier of Scottish football. They are not banned from European competition, merely ineligible as a new club without the requisite financial ‘history’. Any reference to ‘rulings’ from ECA, ASA, the BBC Trust and any internal or so-called ‘independent’ enquiries are completely irrelevant, as none of these bodies are the final arbiter in this case. Scots Law is clear that there is no distinction between club and company after incorporation, when the company dies the club dies with it. That is not a matter of opinion, it is a matter of fact.

Sooner or later The Rangers fans are going to realise this fact and when they do, there will be hell to pay. Until they do, their new club can never become truly cleansed. Only then can they move on and only then can they join together with fans of other clubs to root out the real cancer at the heart of Scottish football.Β  That’s why the MSM and the SFA are still petrified to say anything. In the meantime the real creators of this disaster are sneakily positioning themselves further and further away from the scene of the crime.

I am sure the majority of us would happily accept a new Rangers, cleansed of its financial, emotional and supremacist baggage. A club that all decent Rangers fans could support without feeling any guilt about Rangers downfall or that they were being taken for mugs. The prospect of a new dawn in Scottish football, where sporting integrity took primacy and clubs lived within their means was very real. However, as usual the SFA couldn’t miss an opportunity to miss an opportunity.

The truth is that Scottish football is in the state it is in, not because Rangers died but because those with the power and mandate to effect the prognosis sat back and did nothing. I am sure that they believe that ‘time heals all wounds’ and that the longer this injustice is allowed to stand the more likely it will be accepted by the man in the street. No doubt the authorities feel it is in the national interest to ‘let sleeping dogs lie’. However I cannot accept this. I believe that it is vital that we are able to face up to reality so we can move on for the benefit of all football supporters.

Scottish football is at a crossroads right now, I think we all feel it. Rampant corruption has become so mainstream that many of our fellow supporters have began to accept this as the norm. However, it just doesn’t sit right with me and I suspect that many regular contributors and readers of this blog feel likewise.

We have quite lost our way and we live in a society which spends vast amounts of money paying people like Jack Irvine to ensure that we stay lost. The mainstream media treat us like little imbeciles and demand that we conform to their assumed ‘professional superiority’. The PR machine plays up to our stereotypes and feeds our fantasies while the poorest people pay to swallow their poisonous propaganda and relentless trivia.

So what can we do ? Clearly, battering out a few blog posts and strongly worded letters to the various authorities involved has been rewarded by the square root of FA.

How can we make this an opportunity for growth rather than contributing to the destruction of Scottish football ? It is not good enough to tear down a system unless we have a better system to replace it. However, I believe that it is not the system itself which is broken. It is that those charged with administering the system are hopelessly corrupted, hugely conflicted and unable to apply their rules without fear or favour.

By their incapacity and inaction (wilful or otherwise) the SFA have facilitated a motley crew of various spivs, chancers and con-artists to glean the last few meagre pickings from the bones of the emaciated loyal supporters of this new club purporting to be the once mighty Rangers. They have permitted these ne’er-do-wells to collectively appropriate many tens of millions of pounds from the Rangers fans, the creditors and the public purse. They have already allowed this corporate malignancy to spread to a new host, ‘The Rangers’, and the absence of ‘moral hazard’ makes it more likely that the disease will continue to spread.

Benjamin Franklin once said, “‘Nothing can be said to be certain, except death and taxes.”

Someone else once said, “The wages of sin are death, but by the time taxes are taken out, it’s just sort of a tired feeling.”

I sense that we are all beginning to get tired of this. It is time to stand together, all football fans, face the facts and direct our anger against the officers of the SFA who have allowed this sham to develop into a catastrophe.

I have no doubt that my humble opinions expressed here will raise the ire of many deluded souls. However, I am comfortable in the knowledge that the only people who get mad at you for speaking the truth are those that are living a lie.

RIP Big Man.

 

3,959 thoughts on “The Immortality Project


  1. ecobhoy says:
    October 2, 2013 at 2:52 pm

    Richard Hughes of Zeus is also interesting in this grouping as to whether he has punted his 2.2 million shares or not.
    —————-

    He still appears, with that number, on the official list of major shareholders at http://www.rangersinternationalfootballclub.com/share-information

    Mind you, I don’t know how much that page can be relied on as, despite apparently being last updated on 30/09/2013, it still has a certain Charles Green as the top holder with 5.071m shares. I thought they had just announced he was completely gone. ???


  2. Goldstein says:
    October 2, 2013 at 3:58 pm

    You are having, as they say, a laugh.

    The documents which have been revealed, the tapes of conversations, the links and association.

    Astonishing that anyone can have come to the same conclusions as you.

    Just the links between Whyte / Grier / Whitehouse and Clark were incredible and that is scratching the surface. The fact that some people reacted to those tapes as if they were no more than tawdry and salacious to me missed the point by quite some distance.

    The whole thing since Murray handed it over to Whyte has been corrupt and orchestrated, including the involvement of Court appointed administrators. Some distraction.


  3. Tif Finn says:
    October 2, 2013 at 4:41 pm

    That of course is almost as much as his group paid for the club, brilliant. Are expenses included in his wage bill, must have skinned a few bob there and travelled the World and di other things at Sevco’s expense


  4. HirsutePursuit says:
    October 2, 2013 at 1:49 pm

    Hi – I wondered if your thoughts on Sevco 5088 Ltd was based on Section 28 Related Party Transactions of the Rangers Accounts. It’s just that I don’t think that dection downgrades the position of Sevco 5088 back to related party from a subsidiary – basically because it relates to the position at the time of the loan which was before Incorporation of RIFC Plc. The same wording was used in the AIM Prospectus.

    It may be that the Accounts deal with it elsewhere of course that I haven’t spotted. Irrespective I think your contention about shifting blame is spot-on and he would be a convenient scapegoat. However there is that pesky statement to AIM that Sevco 5088 is a subsidiary πŸ˜•

    Perhaps


  5. briggsbhoy says:
    October 2, 2013 at 4:44 pm

    cΒ£5m is definitely the magic number in this one.

    What they originally paid for all of the assets.

    What the fans paid for roughly 10% of the PLC shares

    What Green probably made from conning them.


  6. Tif Fin: “The fact that some people reacted to those tapes as if they were no more than tawdry and salacious to me missed the point by quite some distance.”

    So what is the point that you are alluding to? Explain it.

    You then say “The whole thing since Murray handed it over to Whyte has been corrupt and orchestrated, including the involvement of Court appointed administrators. Some distraction…”

    The above is more or less generally what I have been arguing. I’d suggest looking at my previous post and bear in mind how absolutely critical it was that they changed fan views of Green and got them to buy season tickets.


  7. Goldstein says:
    October 2, 2013 at 3:58 pm

    If your rather strange post is put into plain English I will attempt to read it and understand it. However I note the way you continue to attack me on a subject which has been ruled OT by TSFM and therefore I am not fully able to defend my position but you comments are verging on the insulting.

    However please answer my original points:

    Goldstein says:
    October 2, 2013 at 12:28 pm

    For the last 14 months or so the menu has been provided largely by Charlotte Fakes. If you look back at the early releases, most of them gave focus to matters concerning D&P and Charles Green. Many of us gorged on that, it was highly satisfying.
    =================================================================
    I am intrigued that you appear to place the public appearance of Charlotte Fakes to July/August 2012. As you seem to be a bit of an expert on the lady can you advise what name she previously posted under as she didn’t appear on this forum until May 2013 for a very short period until she started tweeting.

    Perhaps you are unaware of the discussions that took place here over the initial CF postings which dealt with many of the issues which you appear to be now offering your views on. A great pity however that, as a lurker apparently at that time, you felt unable to bring your expertise to the table to assist and inform the serious discussion and debate which took place on this board over whether it should carry the CF material or not.

    As I say it would be very interesting to know what name she was posting under from July/August 2012 until May 2013 as it might throw a lot of light on her motivation.


  8. Goldstein says:
    October 2, 2013 at 4:58 pm
    0 0 Rate This

    Tif Fin: β€œThe fact that some people reacted to those tapes as if they were no more than tawdry and salacious to me missed the point by quite some distance.”

    So what is the point that you are alluding to? Explain it.

    ================================

    I did explain it, in the post you extracted that from.

    You could also look at a post I made, further up the page with regard getting the Rangers’ fans onside. That certainly wasn’t done via the CF tweets and releases, certainly not as I perceive it.

    Tif Finn says:
    October 2, 2013 at 1:44 pm

    Green got the fans onside by playing to the crowd and by getting Ally McCoist’s endorsement.


  9. Goldstein says:
    October 2, 2013 at 4:51 pm

    On that basis, I will step back and return to the more comfortable surroundings provided by Paul McConville which is where I am usually to be found.
    ==========================================================
    As a prolific Guest Poster and poster on Paul Mac’s scotslawthoughts for over 18 months I first became aware of Goldstein 5 days ago with his first Guest Post on 28 September 2013 although possibly he has been lurking there for over a year as he claims to have been doing here. Who knows?


  10. ecobhoy says:
    October 2, 2013 at 4:59 pm

    Goldstein I agree with Eco that CF was not on here in 2012, I recall the very evening she/he came onto the forum and I may have been one of the first to comment on her initial post. Everybody gave her short shift and so she took her wears elsewhere. That as Eco says I’m sure was back in May so I’m intrigued if you are suggesting she was on here earlier, what makes you say that ?


  11. Mr Goldstein, I hesitate to call you a troll, but your posts are very similar in effect to what you describe as effective PR. I’m sure, too, that your sudden appearance on Paul McConville’s blog just two days prior to the release of RIFC’s report and accounts was purely coincidental and has nothing to do with similar disruptive appearances of new posters shortly before previous bad news days for TRFC. Your post on PMcC’s blog was interesting and well written, and I, and most others, would have difficulty faulting it, though it actually only summed up what many on here, and elsewhere, had punted as a possible scenario and purpose of Charlotte. I genuinely hope you are not a troll as you do write well and, if you are genuine, I feel certain have something worth contributing and maybe something damaging to the spivs and charlatans that populate Ibrox and Hampden. In the meantime you have created a scenario on here that would be the envy of many a troll and make Jack Irvine very jealous, by, amongst other things, deflecting Ecobhoy from his analysis of RIFC’s financials (it really does look like your purpose on here was to enter into a tit for tat with him), and I, for one, wish he’d ignore you (he’s too polite to ignore anyone though) and get on with it. This, too, would free you up to provide us with your take on things and reduce the appearance of troll-like putting down of valued posters.


  12. Goldstein

    CF appeared in April this year, just after the Sun’s Whyte Tapes story, and not 14 months ago as you suggest.

    Bartin.


  13. Goldstein says:
    October 2, 2013 at 5:16 pm
    0 0 Rate This

    Tif Finn, I don’t think we are far away from agreeing. You clearly understand the importance of selling the season tickets and the related matter of convincing the fans that Whyte wasn’t involved. That PR battle was, as you suggest, fought on a few different fronts.

    =====================================

    I must be picking you up wrong.

    Are you seriously suggesting that the material released by CF would lead people to think Whyte was not still involved. As I remember it the evidence was very much that he was totally involved in all stages.

    Or are you suggesting a complex double bluff, where CF released the clear links between Whyte / Green / et al and the Rangers support were supposed to take that as proof that Whyte wasn’t involved in the Green plan.


  14. torrejohnbhoy(@johnbhoy1958) says:
    October 2, 2013 at 4:07 pm
    Tif Finn says:
    October 2, 2013 at 11:49 am

    Chris (Fury) Graham has had a Rangers supporting Chartered Accountant break down the accounts if anyone would like a read.

    http://www.therangersstandard.co.uk/index.php/articles/current-affairs/288-an-analysis-of-the-rangers-accounts
    =========================================================================
    It is quite a good analysis of the Accounts and what I find especially interesting is his take on where the club is heading: ‘For my own part, I would hesitate to comment without seeing the projections for future trading which will, of course, not be made public.’


  15. ecobhoy says:
    October 2, 2013 at 5:30 pm

    It is indeed an extremely loud “No Comment”.


  16. I wonder if our financial experts can help me with this itch πŸ˜†

    As far as I can see these accounts deal with the financial information of Sevco Scotland Ltd + TRFCL + RIFC Plc up until 30 June 2013.

    But surely there was millions in cash from the original investors in Sevco 5088 Ltd – so how is that accounted for?


  17. Will any MSM journalist follow up the grim accounts with a polite question directed at the SFA ?

    Something along the lines of;
    “Does the SFA have any concerns about TRFC fulfilling its fixtures this season ?”

    I know…


  18. ecobhoy says:
    October 2, 2013 at 5:30 pm

    “For my own part, I would hesitate to comment without seeing the projections for future trading which will, of course, not be made public”

    Is Accountantese for “They are Friar Tucked”

    The accounts tell us what most people have long thought:

    1 The Business Model (if you can call it) remains unsustainable
    2 The management have trousered huge wedges of cash
    3 “In Walter and Ally we trust” was a mistake of suicidal proportions.

    The buffers are still getting closer….


  19. ecobhoy says:
    October 2, 2013 at 4:49 pm
    1 0 Rate This

    HirsutePursuit says:
    October 2, 2013 at 1:49 pm

    Hi – I wondered if your thoughts on Sevco 5088 Ltd was based on Section 28 Related Party Transactions of the Rangers Accounts. It’s just that I don’t think that dection downgrades the position of Sevco 5088 back to related party from a subsidiary – basically because it relates to the position at the time of the loan which was before Incorporation of RIFC Plc. The same wording was used in the AIM Prospectus.
    ———————-
    @eco

    I think you are correct that is a comment on the position at the time.

    However the accounts list all the subs of RIFC and all the subs of TRFC and 5088 ain’t there!


  20. Goldstein says:

    October 2, 2013 at 5:25 pm

    I, for one, will welcome you back, but might I suggest that the ‘tit for tat’ started after ecobhoy asked, in his usual polite way, for information from you, as, in my opinion, your original post, well written though it was, carried a sense of ‘I know more than you lot do’, no doubt unintended, but you do carry an air of knowledge in your writing style, and it is the way of this blog to treat such ‘all knowing’ posters with suspicion, which we did with Charlotte, before she left us and started her twitter account.


  21. Goldstein on October 2, 2013 at 12:28 pm
    23 7 Rate This
    ———

    So many words, so little content. Now I like to give people the benefit of the doubt but this amount of flannel is stretching it.

    Discredit the value of the Fakes stuff while acknowledging its veracity. Ticked that box.

    Btw, I believe the Interpol fugitive was also mentioned recently. Wasn’t that important? Have you listened to the audio at all?

    Attacking ecobhoy. Ticked that box too. That you do it in a way that might set Celtic fan against Celtic has been tried before. The observant will remember.

    Sorry to be so skeptical but you make no sense to me, at least, not on the subject of this blog. If you really have something to say I’m convinced you could be more brief, after all, you’re very busy and don’t really want to sit at the table.

    “Never Mind the Quality, Feel the Width”


  22. Goldstein – no offence bud but I think you’re in a minority of one, whilst also barking up quite the wrong tree.

    If CF did anything it was confirm – without doubt – that Charles and Craig were not enemies at all, they were accomplices. The fact that Mr Green may have got greedy with the old Sevco switcheroo, didn’t divert one iota from the fact that the whole admin, D&P, CVA and sale to Charles and his ‘consortium’, was carefully orchestrated by Craig and indeed perhaps others.

    Far from being PR all that CF tells us its got messy and will get messier as the Spivs (c) fight it out.


  23. Goldstein says:
    October 2, 2013 at 5:22 pm

    briggbhoy, this is quite hilarious. I didn’t say that Charlotte was on here ever, not back in May or ever. Eco, the person you agree with, plucked that from God knows where. I actually didn’t know Charlotte had been on here at all β€” honest to God.
    ===============================================
    I have obviously entered the twilight zone. But this will be my last comment on this because as AJ reminded me there are more important things to consider.

    The info I plucked from ‘God knows where’ was from the man who has stated he is as much part of the ‘backdrop’ here as I am. However there are two sides to a ‘backdrop’ and I am on the public side with my opinions open to view and comment and then there is the other side which is hidden from public view and where the scene painted on the backdrop is seen as a reverse of reality – a bit like PR in fact πŸ™‚

    Just to remind Goldstein what he actually said which he seems to have trouble remembering and answering i will repeat his post and my answer as I would hate to hand him a bumsteer:

    Goldstein says:
    October 2, 2013 at 12:28 pm

    For the last 14 months or so the menu has been provided largely by Charlotte Fakes. If you look back at the early releases, most of them gave focus to matters concerning D&P and Charles Green. Many of us gorged on that, it was highly satisfying.
    =================================================================
    I REPLIED: I am intrigued that you appear to place the public appearance of Charlotte Fakes to July/August 2012. As you seem to be a bit of an expert on the lady can you advise what name she previously posted under as she didn’t appear on this forum until May 2013 for a very short period until she started tweeting.


  24. Being a native of the Capital and not Glasgow can anyone on here confirm whether the lights at Ibrox are still always on at night, as they were when the previous Club/Co operated there?


  25. ecobhoy says:

    October 2, 2013 at 1:21 pm

    Just wondering – does anyone have the actual or rough date of Charlotte’s first tweet?
    ______________________________________________________________________

    It was around the same time she posted for the first time here 11th May


  26. TSFM says:
    October 2, 2013 at 6:00 pm
    ecobhoy says:
    October 2, 2013 at 1:21 pm

    Just wondering – does anyone have the actual or rough date of Charlotte’s first tweet?
    ______________________________________________________________________
    It was around the same time she posted for the first time here 11th May
    =============================================
    That was my memory. But Neepheid I think came back and confirmed 11 May. Btw I still think your decision was right at the time sook sook πŸ˜†


  27. ecobhoy says:
    October 2, 2013 at 5:30 pm
    3 0 Rate This

    torrejohnbhoy(@johnbhoy1958) says:
    October 2, 2013 at 4:07 pm
    Tif Finn says:
    October 2, 2013 at 11:49 am

    Chris (Fury) Graham has had a Rangers supporting Chartered Accountant break down the accounts if anyone would like a read.

    http://www.therangersstandard.co.uk/index.php/articles/current-affairs/288-an-analysis-of-the-rangers-accounts
    =========================================================================
    It is quite a good analysis of the Accounts and what I find especially interesting is his take on where the club is heading: β€˜For my own part, I would hesitate to comment without seeing the projections for future trading which will, of course, not be made public.’
    =============================================

    I wonder if Chrissy Chrissy graham, read his own blog !.

    What business(es) are included in the accounts?

    “The accounts show information for the holding company (Rangers International Football Club Plc) and for the group. As such, it includes the financial information for Rangers Football Club Ltd (which operates the club) and Garrion Security Services Ltd (formerly Rangers Security Services Ltd) which are both fully owned, and Rangers Retail Ltd (51% owned). Rangers also own 100% of Rangers Media Ltd but that company has not started to trade. I think it is safe to say that the security services side will be fairly minor and won’t impact much on the group accounts.”

    . . . includes the financial information for Rangers Football Club Ltd (which operates the club)
    WHAT WAS THE NAME At birth ?

    SEVCO ! So. . .it’s a new club !


  28. Maybe Goldstein has made a wee Typo here – he maybe meant 4 months rather than 14.

    I’ve got a soft spot for the “Goldsteins” – They came from Auchenshuggle / Parkhead area.


  29. Goldstein says:
    October 2, 2013 at 12:28 pm

    “For the last 14 months or so the menu has been provided largely by Charlotte Fakes. If you look back at the early releases, most of them gave focus to matters concerning D&P and Charles Green. Many of us gorged on that, it was highly satisfying.”

    The date Goldstein put on it “14 months or so” is way out when in fact Charlotte was on here first at……

    Charlotte Fakeovers (@CharlotteFakes) says:
    Saturday, May 11, 2013 at 20:23

    Project Charlotte(s)

    Not sure if this has ever been published before, but it’s handy to start at the beginning.

    Arsenal shares were never going to last, housing at Murray Park and an incredible 70,000 capacity within Ibrox due to terracing, to name but a few plans.

    The Chris Akers and Andrew Ellis show now begins.

    http://www.scribd.com/doc/140717722/Project-Charlotte-Business-Report-May-2010

    To give him the benefit of doubt maybe he meant 4 months, not 14?????

    Edit – beat me to it paradisebhoy


  30. SouthernExile says:
    October 2, 2013 at 5:41 pm

    However the accounts list all the subs of RIFC and all the subs of TRFC and 5088 ain’t there!
    ====================================================================
    Missed that as well – must do better ❗

    Well considering that RIFC Plc made an AIM announcement to the fact that Sevco 5088 Ltd was a subsidiary are they now going to make another one stating it isn’t ❓

    As I say a good spot by HP and looks as though he’s got it right in that the skids are being greased for Green :mrgreen:


  31. ecobhoy says:
    October 2, 2013 at 6:21 pm

    Treating as a dormant subsidiary?


  32. Doubts over the motivation of Charlotte Fakes have always meant that a hefty dose of the Salt of Scepticism has had to be added to her revelations before consumption.
    It seemed to me that, especially in the last few weeks, the account was prone to manipulation by PR campaigners working on behalf of The Gallant Requisitioners.
    However, the early releases of CF documents showed Whyte, Green, Ahmad, Grier and Rafat Ali Rizvi all working hand in hand to set up the Sevco 5088 switcheroo, even to the extent of proving that Whyte sent cash to Ahmad’s mum.
    However, what was missing after that was any kind of communication between Whyte and Green concerning the process of “novation” that led to Sevco 5088 passing on its purchase rights to Sevco Scotland.
    Charlotte’s later tweets appeared to show Whyte battling to establish a retrospective right to the assets via directorship documents that were submitted to Companies House many months late.
    But there were no tapes of Whyte and Green discussing the the latter’s infamous Sevco-Sevco “novation” – something that, if true, would have surely reduced Whyte (not the most stable of personalities) to a frothing mass of eyeball-bulging rage.
    No emails. No text messages. No board meeting reports.
    Charlotte told us nothing about the most crucial hours and days in the Sevco saga.
    So, to that extent, Goldstein may have a point (although his self-obsessed verbosity does rekindle memories of certain trolls long gone but never forgotten).
    The possibility cannot be ruled out that Charlotte Fakes led us up to the top of the hill as regards Whyte and Green connivance (which may well have emerged in any case) then left us in the dark as to whether that partnership had continued. The Whyte-Green legal rumpus COULD be a sham. That is how spivs work.
    But I am maintaining an open mind on all of this.
    What we need are cold, hard facts. These are hard to come by.
    However, Malcolm Cohen of BDO is on the case.
    The end might come suddenly. And very, very unexpectedly.
    This fascinating whodunnit has a few more twists, turns and red herrings to come yet.


  33. Does the money paid for the hire of squirrels appear in the actual accounts? Will that be a non-recurring item?

    We have red squirrels in our garden, they’re soon off, though.


  34. ecobhoy says:
    October 2, 2013 at 5:35 pm

    I wonder if our financial experts can help me with this itch

    As far as I can see these accounts deal with the financial information of Sevco Scotland Ltd + TRFCL + RIFC Plc up until 30 June 2013.

    But surely there was millions in cash from the original investors in Sevco 5088 Ltd – so how is that accounted for?

    ====================
    Same itch but another angle. I don’t see the entry for the 6m odd expenses against the IPO. Also I don’t see the entry for the repayment of the original secco investors loan that the Record is getting hung up about. Is it one and the same thing?


  35. I meant 14 months when I said 14 months. It was an error but not a numerical one. I stand by the error.


  36. In view of current developments about Sevco 5088 Ltd – is it or isn’t it a subsidiary – worth remembering this article from April thhis year:

    Ex-Ibrox chief reported to Serious Fraud Office

    FORMER Rangers chief executive Charles Green has been reported to the Serious Fraud Office by a company linked to Craig Whyte.
    Thursday 25/04/2013

    The Worthington Group, which has bought into one of the former owner’s companies, said it had uncovered information relating to Green and Commercial Director Imrad Ahmad’s takeover last year.

    The Stock Exchange announcement is the latest salvo in the battle for control of Rangers between Green and Whyte. Green resigned on Friday and is being investigated by the Ibrox board over his links to Whyte through Sevco 5088 Ltd.

    Whyte claims he owns the firm, which entered into a Β£5.5million exclusivity deal for Rangers’ assets with administrators Duff and Phelps last year, and that it is a subsidiary of another of his firms, Law Financial. Green has denied any wrongdoing, as has Ahmad, who remains a director at the club.

    Worthington said: “During the course of the company’s due diligence process, relating to its purchase of a stake in Law Financial, information has been discovered relating to the conduct of Mr Charles Green and Mr Imran Ahmad. This has today been reported to the Serious Fraud Office.” Neither the club nor the SFO has commented on the development.

    Earlier, Rangers released a statement dismissing Whyte’s claims on Ibrox as “spurious”. The club said: “As none of the allegations that have been made in the press has been substantiated by evidence of any legally enforceable rights and as details of any claim, while threatened, have not been received, the company regards any such press commentary and speculation to be highly spurious.

    “The Group has been and continues to receive legal advice to protect the business, assets and reputation of the company and its directors from such spurious claims.

    “In view of recent media speculation, the company wishes to clarify that Sevco 5088 is not an active subsidiary of the Rangers International Football Club plc. It is and has been a defunct non-trading company over which termination proceedings began last year.”
    —————————————————————–
    Strangely this had been preceeded by an AIM announcement of 22 April 2013 which stated that Charles Green was a director of Sevco 5088 Ltd which was a subsidiary of RIFC Plc, at the time of publication of the AIM admission document on 7 December 2012


  37. adieu ‏@corsica1968 Protected account 6m

    For the avoidance of doubt: Field Fisher Waterhouse have been monitoring TSFM & “key social media accounts” since May 2012.


  38. For the Accountants on here. Why is Neil Patey the only ‘go to’ person for the media? His analysis during the first administration and liquidation proved well wide of the mark, yet still he is asked to comment. Is it a case of the other big hitters may prefer a peaceful life (and who could blame them), but it would be really good to hear a counter view rather than Patey’s word being accepted as gospel every time.


  39. adieu ‏@corsica1968 Protected account 2m

    Re Goldstein & Charlotte: CF sent me some info early doors (which corroborated info sent from Ibrox) with stated aim to bring down CW. 1/2

    adieu ‏@corsica1968 Protected account 1m

    2/2 I’m not convinced the latest CF is the same person or has same goals.


  40. adieu ‏@corsica1968 Protected account 18s

    BTW, for benefit of Sevconian doubters, I’ve not received any legal threats from anyone. That’s because they know I’m right. Ask FFW & Walt.


  41. nickmcguinness says:
    October 2, 2013 at 6:27 pm
    4 0 Rate This

    “..However, what was missing after that was any kind of communication between Whyte and Green concerning the process of β€œnovation” that led to Sevco 5088 passing on its purchase rights to Sevco Scotland…..”
    ————————-
    @nick

    With hat tip to HP for the original spot, note 28 to the accounts states that 5088 novated the APA itself rather than its rights to enter into it per the “irrevocable” deal with the duffers i.e. 5088 had already signed the thing.

    I think that this is the first time that the actual mechanics off the switcheroo have been confirmed in any ‘official’ document.


  42. torrejohnbhoy(@johnbhoy1958) says:

    October 2, 2013 at 7:04 pm

    Another attempt to link the new club to the old club.

    I’m wondering if that’s why they’re not spending any money on the stadium, despite promises in the prospectus. They want the fans to be able to live in the past, so don’t want to make it any different. Haha!

    How can RFC* hope to make any progress if they’re so desperate to live in (and with) the past?


  43. Goldstein says:
    October 2, 2013 at 6:47 pm
    1 2 Rate This

    I meant 14 months when I said 14 months. It was an error but not a numerical one. I stand by the error.
    ++++++++++++++++++++++=
    Can you reveal to us which poster transmuted into Charlotte 6 months ago? I would be really interested in comparing posts before and after the switch.


  44. Apologies to all on here for perhaps starting this CF stuff – I posted a comment that I could not see the latest postings from her being the same person – mainly due to my question on how the information in her latest postings obtained when we all thought it was by way of taking over the webmail id of liberty capital. CW was not on these emails so only way he could be in the loop was that he was being Bcc’d or someone forwarded the emails to an account 2 months after everyone knows it was being monitored – does not make sense.

    I think as I said Charlotte has now done a Sevco – become a new company and trying desperately to be the same lady she was before – then now and forever kind of nonsense!

    All the stuff released before I have saved and it does make for great reading. It has as everyone states shown the imagination was not too awry at the time – and confirms that the new company were given every chance to succeed – the very opposite of the message their PR machine puts out.

    We shall see how history treats our early Charlotte once the BDO facts come out to corroborate what she released.

    We should have a Top 10 Charlotte moments when this is done πŸ™‚ The tape of CW at the urinal was not his best moment and could be a front runner for Most Public No 1!


  45. scapaflow says:
    October 2, 2013 at 6:26 pm
    ecobhoy says:
    October 2, 2013 at 6:21 pm

    Treating as a dormant subsidiary?
    ======================================
    We are into the old playing on words scenario I reckon.

    On 22 April 2013 RIFC Plc stated on AIM: ‘In accordance with AIM Rule 17 and further to the Company’s admission document dated 7 December 2012, the Company confirms that in addition to the directorships disclosed in the admission document, Charles Green and Brian Stockbridge held directorships in the following companies, each of which is a subsidiary of the Company, at the time of publication of the document’. (Sevco 5088 Ltd is listed as one of the companies)

    But on 24 April a further AIM announcxement stated that RIFC Plc wishes to clarify that: ‘Sevco 5088 is not an active subsidiary of the Rangers International Football Club plc. It is and has been a defunct non trading company , , , , Sevco 5088 was listed in the company’s announcement dated 22 April 2013 to comply with the AIM Rules for Companies requiring disclosure of directorships held by the directors of the company both currently and during the preceding 5 years.
    ————————————-
    So that seems a retreat from the position on 22 April where it was a ‘subsidiary’ to the one two days later where if you read it carefully it could mean that Sevco 5088 Ltd had nothing to do with RIFC Plc except through its connection as a related party because Green was a director of both companies.

    But they are caught by the wording of the statement on 22 April which goes further than the requirement to list a new director’s company directorships for 5 years by stating that Sevco 5088 Ltd was actually a subsidiary on 7 December 2012.

    Being cynical it seems sometime between 22 and 24 April it was decided that Sevco 5088 Ltd had to be cut adrift for obvious reasons as pointed to by HP. This has been reinforced by the new Accounts – but no notification has been made to AIM that Sevco 5088 Ltd is not a subsidiary.

    This company has to be buried because it’s annual return had to be filed in April 2013 and it hasn’t been.

    Strange that this reluctance to provide complete shareholder information at the birth of Rangers – I wonder why? You think these people who were the original investors would be happy to be acknowledged for their role. Instead they seem to want to remain in the shadows.


  46. nawlite says:
    October 2, 2013 at 7:14 pm
    torrejohnbhoy(@johnbhoy1958) says:
    October 2, 2013 at 7:04 pm

    I’m wondering if that’s why they’re not spending any money on the stadium, despite promises in the prospectus.
    =============================================
    Why waste lots of lovely flotation dosh on refurbishing a stadium when you know that the eventual renter will be responsible for all repairs 😑


  47. I see in the accounts that there is a Β£1.8million liability to HMRC. I am no businessman and I’m guessing that these payments are due quarterly. I’m also guessing, but I think it gives the most charitable outcome to Sevco, that the end of June is the end of a quarter. Therefore, in my simple head, there’s Β£1.8million that comes straight off the cash in bank total leaving less than ten million.

    If the wage bill is Β£18million for 13 months, then Β£1.5 million is eaten in salaries every month. Therefore, there is only cash in the bank to pay seven months wages from June. That takes us to January, and they need to find income to fund the final four months of the season. Do they sell Β£6million worth of pies?

    As ever, I’m happy to be corrected.


  48. Goldstein says:
    October 2, 2013 at 7:52 pm

    ++++++++++++++++++++++

    I wish there was an option for you to show your thoughts in a spider diagram, it might make your posts easier to follow. I prefer to get where I’m going in a straight line, quickly.

    That said, I agree timing is everything (if that is what you are suggesting). Might I suggest that “incontrovertible” would be most effective just before the AGM?


  49. killiemad says:
    October 2, 2013 at 7:36 pm

    VAT will almost certainly be quarterly, though it could in theory be monthly.

    If the period end was June then they would not actually be due to pay it until the end of July. The same is also almost certainly true for direct taxes etc, that there would be a liability, not yet due to be paid.

    In short, I believe you are correct. Β£1.8m of the money in the bank belongs to you and me and is only resting there.

    So that means that at least Β£2.8m or so wasn’t really Rangers’ albeit it was in their bank account. Real cash at bank more like Β£8.5m


  50. @CharlotteFakes: Suspension lifted. Let’s get to the bottom of who has most to hide. No punches pulled.


  51. Charlottes tweeting

    Charlotte Fakeovers ‏@CharlotteFakes 59s

    Suspension lifted. Let’s get to the bottom of who has most to hide. No punches pulled.

    Get the popcorn oot noo! Is this getting close to nuclear?


  52. @Goldstein

    I think you may be playing the part of “the cleverest man in the room” here,

    but promising ‘incontrovertible evidence’ by next Friday sounds a bit like a delaying tactic –
    if it isn’t available then might you postpone for a week, or perhaps another week after that
    – maybe until the 25th October?


  53. Charlotte Fakeovers ‏@CharlotteFakes 4m

    Suspension lifted. Let’s get to the bottom of who has most to hide. No punches pulled.
    Expand
    CelticTruthSeeker ‏@treborglasgow Protected account 1m

    @CharlotteFakes Let us see then n stop with the flirting πŸ˜‰


  54. Goldstein says:
    October 2, 2013 at 7:52 pm
    ” ..At this stage all I can say is that the answer to this question rests on issues surrounding the novation and more specifically the floating charge.”
    ——-
    You’ve kind of lost me, I’m afraid.
    In my version of what is an entirely fictional story that the late Tom Clancy( God rest his soul) could have turned into a best-seller, all that happened was that CW and CG, in cahoots with Clark and Whitehouse cooked up the Administration plot.
    A deal was put in place under which CG’s ” consortium” would pick up the assets for next to nothing, after steps were taken to ensure there was no CVA and that every other bidder was denied access.

    CW,uncharacteristically, was blindsided, took his eye off the ball.
    He saw”Sevco 5088″ in the correspondence with the Administrators and was happy with that.

    What he did not see was that CG ( perhaps with the connivance of the Administrators) had put “Sevco Scotland” on the actual APA deed. All duly signed and sealed.
    CW was probably not even aware that CG had set up ‘Sevco Scotland!’
    Became painfully aware of it when , lo and behold, Sevco 5088 signed over the assets to Sevco Scotland, which then quickly became ….etc etc.

    And he was frozen out.

    It says much for the kind of, ultimately, petty chap tha CW is that CG is not under the new roads at ‘Heartlands’ on the M8.He might have fared better had he been a bus man.

    But, I have to say again, we don’t give two tuppenny figs which set of baddies ripped off the others.

    Charlotte’s most important docs for us were those that showed the SFA virtually being dictated to by a club, and the unhealthily close connection of its officers with that club, and, of course, the infamous 5-way agreement pandering to the Yorkshire beast.
    And the vile baneful influence of Jack on the MSM.


  55. ecobhoy says:
    October 2, 2013 at 1:21 pm

    “Just wondering – does anyone have the actual or rough date of Charlotte’s first tweet?”
    ——————————-
    15th May.

    First TSFM post was 11th May.

    She made 17 posts between 11th and 14th May before deciding our scepticism was too claustrophobic and taking to twitter. There were a few sporadic posts thereafter (24th May and 8th June I have record of).


  56. Goldstein says:
    October 2, 2013 at 6:47 pm
    4 13 Rate This

    I meant 14 months when I said 14 months. It was an error but not a numerical one. I stand by the error.
    ———–

    A mystery wrapped in an enigma inside a squirrel.

    Friday it is then.


  57. john clarke says:
    October 2, 2013 at 8:30 pm

    Well said.

    Though on a personal, not football related note I find the actions of people like Grier, Withey, Clark and Whitehouse absolutely disgusting and I really hope they are all taken to task at some point. For me some time in the pokey would be the most fitting solution.


  58. Maybe I’ve got something wrong here.

    2/3 weeks ago Ecobhoy posted a long (and for me convoluted) post mentioning names I’ve never read before on here. A following post by BRTH stated that he ‘was at it’.

    I can’t find the posts but remember I was surprised that no one picked up on it.


  59. Goldstein says:
    October 2, 2013 at 7:52 pm

    May 9th 2012 … This was more or less the day that Charlotte was conceived.
    =============================================================
    Doesn’t tie-in with the July/August 2012 date you gave earlier which you say isn’t an error.

    However CF was active before she posted on here right enough and if you know as much about her as you claim you’ll know who she was in contact with and I don’t see why you need to wait until Friday to show what you know.

    Btw is that Friday this week or Friday next week?


  60. Superb distraction just after the catastrophic accounts have been published.

    Anything planned for the run up to the AGM.

    CF is David Murray, it will have to be something like that surely.


  61. jw hardin says:
    October 2, 2013 at 8:53 pm

    Maybe I’ve got something wrong here.

    2/3 weeks ago Ecobhoy posted a long (and for me convoluted) post mentioning names I’ve never read before on here. A following post by BRTH stated that he β€˜was at it’. I can’t find the posts but remember I was surprised that no one picked up on it.
    =========================================================
    I post some convoluted posts unfortunately because sometimes the things I tackle are very complex and it’s hard sometimes to simplify them without losing the import. However I have no recollection of BRTH saying I was ‘at it’.

    If you can give me any idea what the post was even about I will try and assist. Otherwise just PM BRTH and ask him.

    As to BRTH possibly being goldstein – well I’ve just knotted myself. BRTH is a lovely and gifted writer and very lucid. Goldstein I’m afraid is not in the same class IMHO and neither am I.


  62. Allyjambo says:
    October 2, 2013 at 5:41 pm

    ‘…and it is the way of this blog to treat such β€˜all knowing’ posters with suspicion,’
    ————————————————————————————————————

    Thank f**k I know nothing. πŸ˜€


  63. Goldstein says:
    October 2, 2013 at 5:25 pm

    I’ll come back in a day or two when people see things more clearly.
    =======================
    Goldstein – is there more than one of you ?


  64. jw hardin says:

    October 2, 2013 at 8:55 pm

    ie Is goldstein BRTH?
    —————————————-

    No!


  65. Tif Finn says:
    October 2, 2013 at 8:36 pm
    ‘…on a personal, not football related note I find the actions of people like Grier, ….’
    ——
    Oh, I agree wholeheartedly.
    It will be interesting, when it all plays out, to see precisely and in what way the various, relatively bit, characters contributed to the whole.
    My gut tells me that a knight of the realm was behind it all, but I haven’t got the knowledge to work out how he could be puppeteer for as many puppets as seem to have got in on the act. I would need newtz’s flow-chart kind of thingy ( what’s it called these days?) showing how the whole Ticketus thing was set up.
    I think the knight of the realm began with that, recruited CW who recruited D&P, CG and some of the other characters, and that somehow the knight still , through nominee shareholders (Legal And general?) still has a big stake in RIFC.
    But, as I say, I ain’t no Tom Clancy.


  66. Madbhoy24941 says:

    October 2, 2013 at 9:11 pm

    jw hardin says:

    October 2, 2013 at 8:55 pm

    ie Is goldstein BRTH?
    β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”-

    No!
    ______________________________

    Wait a minute, have you ever seen them in the room at the same time? πŸ™„


  67. Charlotte Fakeovers ‏@CharlotteFakes 37s
    Tom Stocker advised that this was not part of the investigation and that they should stick to matters relating to Craig Whyte.
    Charlotte Fakeovers ‏@CharlotteFakes 2m
    At the Pinsent Masons meeting on 29 April 2013, directors wanted to follow the money regarding the purchase of Green’s property in France.

    Charlotte Fakeovers ‏@CharlotteFakes 18m
    Why did the board sanction a Β£600k pay off and not go down the misconduct route despite privately sharing so many reasons to do so?

    Charlotte Fakeovers ‏@CharlotteFakes 23m
    Despite Charles having ownership of over 5 million shares at 1p each, not 1 had been paid for until a forced deduction from final salary.

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