Three Shakes … and a Twist

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Youtawknaboot says: Monday, October 29, 2012 at 14:39 scapaflow14 says: Monday, October 29, …

Comment on Three Shakes … and a Twist by torrejohnbhoy.

youtawknaboot says:
Monday, October 29, 2012 at 14:39

scapaflow14 says:
Monday, October 29, 2012 at 14:31

This particular banana boat is anchored by The Tail o’ the Bank, awaiting towage to Inverkeithing for scrapping…
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
Now that would certainly be a ..turnip for the books

…enough already 🙂
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Hope Neepheid’s no’ reading this 😆

torrejohnbhoy Also Commented

Three Shakes … and a Twist
http://scotslawthoughts.wordpress.com/2012/10/30/mr-green-was-grilled-by-keys-and-gray-yesterday-provides-more-evidence-of-gratuitous-alienation-of-rangers-assets/


Three Shakes … and a Twist
Long Time Lurker says:
Monday, October 29, 2012 at 19:20

john clarke says:
Monday, October 29, 2012 at 18:49

I believe that Mark Daley confirmed that date on Newsnight Scotland when he was discussing the TGEF recordings.
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I don’t know how the CoS works.is there any chance a hearing could be kept quiet due to “Public Order” issues.


Three Shakes … and a Twist
Charles Green has revealed that Craig Whyte is suing the club for money he believes he is entitled to for agreeing to sell his shares to Green’s consortium last summer.

Whyte made several demands during talks about the shares, including a request for £1m a season and seats in the director’s box, and he wants to be paid for negotiating with the club. The Ibrox board rejected Whyte’s demands out of hand.

Whyte announced last week that he also intends to sue the administrators, Duff & Phelps, because he believes they had agreed to return to the club to him after the administration process.

Green reiterated, during an interview today on Talksport, that Green has never been part of his consortium, and neither has the finance company, Ticketus, which lost £22m they loaned to Whyte against future season ticket sales when the club went into administration last February.

“I’ve never worked worked with Craig Whyte,” Green said. “I was introduced to him by Imran Ahmad [Rangers’ commercial director], Craig Whyte did introduce me to Duff & Phelps. We needed to get hold of Craig Whyte’s shares, so Duff & Phelps would treat us as credible.

“We didn’t need them in the end because it went down newco route. I met him four times in London, Imran Ahmad has had loads of meetings with him. People thought we were working with Craig Whyte, [but] I believe he is now suing us, because he believes he was entitled to something for handing over the shares.

“Ticketus don’t have any involvement whatsoever. They were involved with Craig Whyte, which caused a problem, and previously to that DM used them when he was running the club. The season ticket money that came into the club [during the summer] is sitting in the bank. It is Rangers Football Club’s [money]. The club has got cash, and it’s still got no debts.”

Talking ahead of the club’s launch on the AIM market before the turn of the year, Green repeated his assertion that the club will not play in the Scottish Premier League while he remains chief executive.

He intends to remain in the position until Rangers qualify for the Champions League again, however, and explained this by noting that the leagues in Scotland are likely to be restructured.

Green also categorically denied rumours on Celtic supporters’ websites that sale and leaseback of the club’s properties – Ibrox, Murray Park and the Albion car park – are being considered, and that the club had been “massaging” attendance figures this season.

“I’m running the club, I’m making the decisions and I’m going to protect the club with my life,” Green said. “Nobody’s going to abuse it, [or say] rubbish that I’m going to sell the ground. Absolute nonsense. The blog I’ve seen said that we’re going to enter into a sale and leaseback for £8.5m, you can shove the offer where the sun don’t shine. We’ve got a valuation in the share prospectus in excess of £80m. I might be Green, but I’m not a cabbage. It’s just rubbish put out by people trying to disrupt the IPO.

“We haven’t [been massaging attendances]. The turnaround at Rangers and where we are taking it is fantastic news for Rangers fans, but many of our competitors are unhappy to see us rise as a phoenix. [So] people go to police under Freedom Of Information, but those numbers in every stadium will be less than the official numbers.

“They don’t have access to all the corporate hospitality and sponsors [numbers]. That’s thousands at Rangers, so there is a disparity between the numbers the police book in. We have no reason to massage the numbers. We’ve got a stadium and anyone can look at a stand and see a few empty seats.”

http://www.heraldscotland.com/news/home-news/charles-green-craig-whyte-is-suing-rangers-over-shares-sale.1351514827


Recent Comments by torrejohnbhoy

THAT Debate, and the Beauty of Hindsight
easyJamboMay 3, 2017 at 10:11 
torrejohnbhoy(@johnbhoy1958) May 3, 2017 at 10:00  Good morning all. not been as active on the site lately as I would like.Grandparent duties seem to be more time consuming than I thought . Trying to keep up to date though. Thought it may be of interest to some that it appears someone has successfully petitioned the court to have MIH(IL) re-instated at Companies House,9 months after being put into liquidation. ============================== I have an hour or two off grandparenting duties just now before a nursery pickup, so I’m catching up too.
That is an odd one re MIH.  There is no indication on the document of who has requested that the company be reactivated, or why.  Perhaps it’s been in Bill Miller’s incubator for the last few months, and is ready to emerge as a healthy new company having been cleansed of its tarnished past, not to mention £700m of debt.
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Sorry for taking a while to get back,EJ.If I’ve mastered this link pasting thing you may find some more info here:

https://t.co/ZZUECmsdur


THAT Debate, and the Beauty of Hindsight
Good morning all.
not been as active on the site lately as I would like.Grandparent duties seem to be more time consuming than I thought19.
Trying to keep up to date though.
Thought it may be of interest to some that it appears someone has successfully petitioned the court to have MIH(IL) re-instated at Companies House,9 months after being put into liquidation.


Small Price to Pay?
SmugasFebruary 7, 2017 at 16:35       Rate This 
Cant do linkey things but BBC reporting BDO are going after D&P.
Interesting development. 
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Here you go:
The liquidators of Rangers Football Club plc have launched a multi-million pound legal action against the company’s former administrators.
The claim has been lodged by BDO against Paul Clark and David Whitehouse of accountancy firm Duff & Phelps at Edinburgh’s Court of Session.
BDO are seeking up to £28.9m following Clark and Whitehouse’s handling of the administration process.
Rangers entered administration in February 2012.
Four months later, the company’s business and assets were sold to a consortium led by Charles Green for £5.5m.
BDO were then appointed as liquidators, and have since conducted a review of the events leading up to administration through to the sale of the assets.
‘No other option’In November 2014, BDO agreed a settlement for £24m in a claim against Collyer Bristow, the legal firm that acted for Craig Whyte in his purchase of Rangers Football Club plc from Sir David Murray in May 2011.
Those funds were added to the creditors’ pot, as will any monies raised from the legal action against Clark and Whitehouse.
In a statement, BDO said: “The joint liquidators, following extensive deliberations with their professional advisors and the liquidation committee, have taken the decision to issue a claim against the former Rangers’ administrators Paul Clark and David Whitehouse, of Duff & Phelps.
“During the course of the liquidation, questions have arisen regarding the strategy previously adopted by the former administrators, which have not, to date, been adequately answered.
“In seeking clarity, the joint liquidators have been left with no other option but to pursue the matter via the Scottish Court. The joint liquidators look forward to the resolution of this matter.”
Criminal charges against Clark and Whitehouse relating to their involvement with Rangers Football Club plc were dropped in June 2016.
Duff & Phelps have been approached for comment.

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-38896812?utm_source=dlvr.it&utm_medium=twitter


Peace – Not War
Afternoon all.
It seems this mornings RIFC AGM can be summed up as follows:
1. It’s Ashleys Fault.
2.We’re skint.
3.We’ll need to borrow more for the forseeable future.
No word on Res 11 with result of the vote to be announced next week.I’d have thought by now the RIFC board would have an idea of how things stand.They did say that the Ashley/Easdale alliance would not be supporting the resolution.Same old stuff about “getting back where we belong”,challenging CFC & competing in Europe.No one explained how admitting that borrowing will need to continue for seasons to come sits with UEFA & their FFP regulations.I’m sure the SFA are on this as we speak.
No real sign of drum beating,though.FWIW.the directors looked broken when boarding the bus when leaving the Armadillo.They couldn’t look anyone in the eye.No statements,smiles etc.Mark Warburton even had a “minder” when being interviewed.
Normally,reading between the lines I’d have said they’ve lost Res 11 but with most things RIFC/TRFC,you just don’t know.


Peace – Not War
Evening all.
Interesting wee twitter debate earlier wrt a hypothetical insolvency event at TRFC and what the penalty would be.
If a new club,then 15 points but if the same club then 25.
The problem for the SFA(maybe why Regan’s a target) is that if they don’t administer a 25 point penalty then how do they explain 15 without admitting TRFC are new,something they have refused to do for over 4 years.If they did go for 25,they would then face the wrath of the TRFC fans who believe that,although they’re the same club,it should be 15 points because the club wasn’t liquidated last time,just the company!
Their refusal to apply the rules last time and then be a willing accomplice in a plot to lie to every football fan in Scotland has left them between a rock & a hard place.There’s no way out.


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