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Showing results for tags 'craig whyte'.
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Suppose we find one point four million in a drawer at ibrox and wield the axe who should be our next manager and who should be his assistants . and who among the current squad would you like to see go in the January transfer window
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CRAIG Whyte last night protested his innocence of fraud charges over his Rangers takeover and revealed: “I sleep well at night.” Former owner Whyte, who is accused of swindling his way to power at Ibrox, vowed he will clear his name. But as he lifted the lid on his dramatic arrest in Mexico last month, he insisted he has no fear of prison. Whyte, 43, said: “These are huge issues and I don’t take any of it lightly. I always sleep well at night. “I know that I have done absolutely nothing wrong. Over the last six months, I don’t think it has been very difficult. “But if you asked me over the last month, I would say it hasn’t been very pleasant in lots of ways.” Whyte, who plunged Gers into administration during his controversial reign, faces jail time if he is convicted of serious charges. He said: “It wouldn’t be very nice but it doesn’t frighten me. “It’s not something I would wish on anybody but I hope that it doesn’t come to that. “It’s too early to be thinking like that, I’m positive. “I’m not going to mope around and think of the worst things that could happen to me because that’s not the way to live.” The businessman, from Motherwell, blasted prosecutors and cops over his nicking in Mexico City minutes after landing on a flight from Japan. And he branded news reports following his arrest as “bollocks”. He said: “I agreed to surrender on December 8 so I was taken by surprise to be detained in Mexico. “In my view the Crown Office and the police did that for the publicity — there was no extradition. “I want to get across all the bollocks that’s been written in the last couple of weeks. “I came back here voluntarily, I have co-operated with prosecutors for the last two years and they have still not asked me a question.” He had on the same smart grey coat he wore when he ran a gauntlet of angry Light Blues fans outside Glasgow Sheriff Court in November. And Whyte, sporting the floppy hairdo and beard that are his new trademark, revealed he has no plans to invest in football again. As he tucked into a burger lunch at a swanky hotel restaurant, tanned Whyte said: “I don’t regret doing it because I think you regret the things you don’t do — but I wouldn’t do it again. “Hindsight is a wonderful thing. I wouldn’t be rushing to do a football deal again.” The tycoon, once based in Monaco, became a hate figure among supporters after taking Gers into administration as they tumbled from top-flight football to Division Three. The club was later liquidated, sparking an exodus of top players. He claimed Rangers would have gone under sooner had it not been for his takeover in 2011. He went on: “I never asked for any of it. I’m a private, low-key kind of guy, not at all suited to being involved in a football club. “What everyone forgets is I’m the only person in recent years who hasn’t taken a penny out of Rangers. “Even these current charges, I don’t think I’m accused of taking any money out of Rangers. “I bought a company that was bankrupt for £1. Rangers were already completely bankrupt at the time when I got involved. “All I did was step in to try to rescue a situation that was already way beyond. It was my intention to take it forward as a business and not to see it in the sorry state it is in at the moment.” Asked what went wrong, he said: “Champions League would have been a bonus but if Rangers had got into the Europa League they would not have gone into administration that season.” Whyte reckons only someone with £100 million to chuck at the club could have done a better job than him — and that administration was on the cards before he bought out Sir David Murray. He said: “Given the set of circumstances, it’s difficult for anyone to do unless they were willing to chuck £100 million and make sure they bought the players to get results in Europe and so on. Rangers would have gone into administration, before I came along, they were taking insolvency advice. “Absolutely, no doubt about it. Probably sooner.” Whyte, banned from Scottish football for life in 2012, reckons his relationship with Gers supporters is broken forever but he is just as hurt by the club’s fate. And he believes nothing he could say to the Ibrox faithful could shake his bogey man image. He said: “I’m not angry, you have to play the hand that you are dealt but disappointed is a fair comment. “I’m a Rangers fan myself, my family are Rangers fans. “They have every right to be angry but there is nothing I’m going to say that will make any difference about their anger so it’s pointless trying to have that conversation.” Asked if he thinks there is any chance of the Rangers fans changing their minds about him he added: “You can never say never because never is a long time. Hopefully when the facts come out, and they will in this process, people might form a different view. “There are complex issues but things will come to light that will be explosive in many ways.” He admits none of the turmoil he now faces was expected when he took over the reins but says the mistrust among fans is “entirely unfair”. Whyte added: “Anyone who deals with me and has known me knows that’s not the person they recognise. It’s not a fair reflection of who I am. “I think the average fan, and I don’t want to be patronising here, but they don’t understand the complexities of everything that has been going on. Of course, I sympathise with them.” Before his first court appearance, Whyte hadn’t been seen in Scotland for a year since he gave evidence at Inverness Sheriff Court at the trial of two former workers at his castle home near Grantown-on-Spey, Moray. In September the bank repossessed it after he failed to keep up with remortgage payments. Whyte said: “It was a pain in the arse to be honest. It was empty 90 per cent of the time. “It was just a pile of bills with no benefits. I don’t regret losing it.” He was also hit with a 15-year ban from running a company at the Court of Session. He said: “I didn’t defend it. Partially because I didn’t know about it — they didn’t serve any papers. “Secondly it’s not safe to go to trial in Edinburgh every day and thirdly because it has to be funded at the cost of several hundred thousand pounds.” http://www.thescottishsun.co.uk/scotsol/homepage/news/6181247/Whyte-Ive-no-regrets.html?teaser=true
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Keith Jackson on Twitter "Rangers new Nomad i understand will be WH Ireland." PLC website http://wh-ireland.co.uk/wh-ireland ---------------------------------------------------------------------- Green and Whyte Leach Ireland Someone somewhere is taking the p**h If you don't laugh, you'd cry......
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Presumably his passport has been taken away.
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http://www.therangersstandard.co.uk/index.php/articles/current-affairs/332-rangers-2014-accounts-analysed An informed and dispassionate analysis of the accounts from Arnold Black.
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So says Keith Jackson: http://t.co/auDoxxHRJp Not a lot of meat on the bones but not a surprise either.
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Can't afford to sack him and can't afford to keep him. Mcoists performance as manager has dragged us down every bit as much as the boardroom has over the last 3 seasons and if the current vein of form continues then things will come to a head very quickly. Attendances can only plummet from here on in. No doubt the board will have a fantastic new vision for the club at the minute followed by plans for a new share issue, if the fans aren't coming through the turn styles then the board might find this very difficult to achieve. Don't think Ashley could even bale us out either. How can you take a loan that you can't pay back? I can't see any way out other than admin. We're back to where we started when Craig Whyte showed up, only this time the fans aren't buying into it. The McCoist predicament is about to force everyone's hand and the board don't have any answers. That's why they are so silent, they don't know what to do?
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Thought this deserved its own thread. Hopefully further proof on the way of fraud committed against Rangers. https://www.justice.gov.uk/courts/court-lists/list-chancery-judges -
THE fans group has hit out after details of the retail deal appeared to show the bulk of money generated would not go to the club but to Ashley's Sports Direct. RANGERS fans have taken a look at the annual accounts and ridiculed claims Mike Ashley is an Ibrox saviour. The Union of Fans have rounded on the board for trumpeting a 375 per cent rise in retail revenues from £1.6million to £7.6m. They told supporters not to be fooled as only around £1.5m will go directly to the club with the bulk of the cash heading to Sports Direct. And they even claim the club have been forced to buy more than £410,000 of club kit at recommended retail prices because they did not hit Sports Direct sales targets. The Rangers board admitted they’ll be forced to seek a fresh share issue after announcing an operating loss of £8.3m for the year to June 30. They’ll need a further bail-out as soon as January and have announced plans for a share issue aimed at raising £8m to keep the club operational in the medium term. Former Rangers owner Craig Whyte released on bail after appearing in court over his purchase of Ibrox club Union of Fans spokesman Chris Graham said: “The statement around retail revenues is disingenuous, to say the least. “The true picture is £7.6m was the total sum of money made from all merchandise sales through Rangers Retail. However, inventory costs are listed at more than £4m – effectively, the cost to Sports Direct of supply and distribution. “Under the terms of the deal between Sports Direct and Rangers Retail, the club receives only 50 per cent of profits, so that leaves only around £1.5m. This is approximately a third of the sum the club were making under the JJB deal. “A section of the accounts, provision of liabilities, even lists £411,000 payable by Rangers Retail to purchase stock at a higher cost than its resale value. “It appears Rangers had to purchase the stock at retail prices and sell it cheaper, presumably because they didn’t hit targets. Rangers are losing money from the sale of the shirts, yet Sports Direct are still being paid the full retail price. “The whole commercial deal with Ashley appears a shambles. Many fans will see the headline figure and conclude the commercial deal with Ashley isn’t bad at all. “Ashley’s plan is to make money for himself and he’s clearly a very successful businessman. However, he is no saviour of Rangers.” Auditors Deloitte again signed off on the accounts with the conclusion there is “material uncertainty” over the club as a going concern and “key assumptions” are being made by the board on future finance streams. Season ticket sales are down 15,000 and attendances are on the wane but chairman David Somers insists everyone is working together for the club’s long-term future. Graham added: “It’s complete rubbish to suggest this board have moved closer to the fan base. “The distance has grown even wider since last year’s agm. “They have appointed a completely pointless fan board. “Their relationship with supporters should be judged on the numbers turning their back on this regime and no longer going through the turnstiles. “Auditors Deloitte have again confirmed they cannot verify what directors are saying is accurate and the future of the club even in the short-term is bleak. “The accounts are only to the end of June, so the drop in attendances and season ticket sales has not yet fully hit the balance sheet.” Graham remains astonished the board turned down Dave King’s £16m investment offer for a £2m Ashley loan, upped by another £1m. He added: “The £8m sought is simply to keep the lights on for the next few months. It’s incredible to think they’re looking for £8m when they were offered twice that amount only a month ago by King.” Rangers declined to comment. http://www.dailyrecord.co.uk/sport/football/football-news/rangers-union-fans-ridicule-claims-4716246 -
...in yet another dramatic day for the club. Sports Direct owner seems certain to strengthen his grip on Rangers as club lurch from one crisis to another...on and off the field. By Roddy Forsyth If an hour passes without some new development in the Rangers story — the most lurid saga to emerge from any British football club, ever — it counts as a quiet day. Scarcely had Telegraph Sport spread the overnight news that disgraced former owner, Craig Whyte, had been detained after being on the run in Mexico than we revealed that Uefa will not permit Rangers and Newcastle United to play together in Europe next season or for as long as Mike Ashley is in a position of power in both boardrooms. Of Ashley’s position and ambitions, more later. Neither the Champions League nor Europa League is foremost in Rangers fans’ minds. Last weekend’s 2-0 defeat by Hearts not only saw Ally McCoist’s players trail by nine points in the chase for automatic promotion to the Scottish Premiership, but it also emphasised the contrast in form with their main divisional rivals. Hearts’ total of 38 points from their opening 14 games is their best start to a league campaign. Hibs, meanwhile, have run up five successive away league victories for the first time since September 1980. To say McCoist is under pressure is to say what? Unless he walks away — that loaded phrase in the context of Ibrox — there is not sufficient cash to pay him off. As matters stand, the club will have to rely on another bailout from Ashley just to keep them going beyond New Year. There is increasing talk around the Scottish game that Rangers are heading into administration again. Some discount the notion on the grounds that the consequent automatic points deduction would condemn Rangers to a fourth successive season of lower league football which, they believe, would run contrary to Ashley’s aim of increasing club merchandise sales though his Sports Direct retail chain. Related Articles A more arcane theory has it that Ashley would accept administration as a short-term hit because it would shake out other contracts and allow him, as a major creditor, to bid for the club on the cheap. There is a third, more plausible option. Ashley’s lawyers are engaged in a low-key, but crucial positional battle with the Scottish Football Association. Ashley’s people want to find a way for him to increase his shareholding at Ibrox and Telegraph readers will remember that the idea of him taking his stake up to almost 27 per cent was floated in September. The SFA signed a binding agreement with Ashley, anchored in their Articles of Association, designed to keep him at 10 per cent or below. However, as money repeatedly runs out at Ibrox, Ashley either gets to increase his grip through security on the assets, with the SFA watching impotently, or he holds back, knowing that Scottish football’s governing body could be put in the invidious position of taking the blame for another insolvency event. And all of this is played out against a background of dawn swoops by police in southern England, as they arrest the former Rangers company secretary and three managing directors of Duff & Phelps, the company that oversaw Rangers’ administration in 2012. How tempting it is to conjure the fantasy that a posse of gun-toting Federales bore down on Whyte at the Mexican airport, to be greeted with a demand to show their ID, only for them to yell the immortal misquote from The Treasure of the Sierra Madre: “We don’t need no’ stinking badges!” Remember Ashley’s condition for advancing the soft loan that was rebuffed by the Rangers plc board in September? The club crest and trademark? Somebody does need the badges – and it looks unlikely that anybody can or will stop him now. Meanwhile, Rangers have confirmed Telegraph Sport's disclosure last month that the club would post losses of over £8 million in the accounts for the year to June 30, 2014. The figure given when the accounts were posted on the club’s website was £8.3 million. David Somers, the Rangers chairman, commented "…challenges still remain and despite additional financing having been secured over the year, further funding is necessary to ensure the club's ability to move forward successfully to achieve the goals we all seek and expect of Rangers Football Club. "To this end the board will be seeking shareholder approval at the forthcoming AGM to issue additional shares to ensure maximum flexibility for the company to raise equity finance and provide the financial capability required to develop the club in the longer term.” http://www.telegraph.co.uk/sport/football/teams/rangers/11259511/Mike-Ashleys-Rangers-swoop-overshadows-Craig-Whyte-dawn-raids-in-yet-another-dramatic-day-for-the-club.html
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Note that in two or more countries Whyte "had no fondness for the people". Must have failed to reach his loft ethical standards, eh? Note also France...Chateau Green perchance? or Chateau Murray.... ------------ FRAUD suspect Craig Whyte spent time in the Balkans this year as prosecutors built a case against him. Whyte has moved from country to country since his involvement with Rangers ended in disaster. We can reveal the list of countries where he spent time since then ranges from Europe to the Far East and central America. Whyte was arrested after arriving in the UK on Friday from Mexico where he had been detained. He had flown into the central American country from Japan en route to Costa Rica where he formerly lived and where one of his three children was born. We can also reveal his Swedish girlfriend – with whom Whyte is reported to have had a relationship since splitting from wife Kim – has not seen or heard from him for almost two years. A source told the Sunday Mail: “In the last couple of years Craig Whyte is believed to have been in Croatia, Montenegro, Albania, Costa Rica, Panama, Mexico, France and Japan. “There may be others. He has connections with central America going back over a decade when he stayed there after getting married in Florida. “He didn’t really like it in Costa Rica. There were connections with Panama and Mexico as well. But he just didn’t like that part of the world and had no fondness for the people. “He’s not been in Monaco since his dealings with Rangers made the headlines. The authorities in Monte Carlo don’t care for negative publicity. “This year alone he has been in Albania, Croatia and Montenegro, moving from country to country, and has also popped up in France.” Whyte was detained by Mexican authorities on Thursday after flying in from Japan where a passport check flagged up the warrant out against him. It’s believed Whyte travelled alone for much of the past two years after Swede Izabella Andersson confirmed that their relationship had ended. Izabella, who has links with Monaco and London, told us last week: “I haven’t seen or heard from Craig Whyte since January 2013.” Whyte bought Castle Grant, near Grantown-on-Spey, for £800,000 in 2006 with a 110 per cent mortgage but it was repossessed in April after he failed to pay the £7000-a-month fees. He took control of Rangers in May 2011 but they went into administration the following February. He was released on bail after a court appearance on Friday over his allegedly fraudulent takeover of the Ibrox club. Whyte, 43, was granted bail by Glasgow Sheriff Andrew Normand after a 45-minute hearing held in private. He is due in court again next week. He is accused of funding his Ibrox takeover by selling off season tickets and pretending to then owner Sir David Murray the cash was his own. He’s also accused of failing to pay VAT and National Insurance which led to Rangers going into administration. Four other men have already appeared in court charged with fraudulent activity following the investigation into the sale of Rangers. http://www.dailyrecord.co.uk/news/scottish-news/albania-panama-reveal-travels-craig-4721957 A second arrest warrant was issued for Whyte earlier this month after he failed to attend a hearing at the Royal Courts of Justice in London in a separate case.
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Half inched from FF http://www.shareprophets.com/views/9...e-china-frauds Daniel Stewart (DAN) is still listed on AIM - though its shares are currently suspended - but it clearly does not give a monkeys about disclosure rules because it has yet to issue an RNS to the LSE saying that it has lost its license to be a Nomad. All bar one of the Qualifying Execs at Daniel Stewart has already left and the last remaining one is off to Cairn Financial shortly. Thus not having the minimum 4 QEs Daniel Stewart has today written to all its corporate clients saying they need a new Nomad by 12th December or their shares will be suspended. Daniel Stewart will struggle on as a corporate broker but as it tries to secure an emergency refinancing it faces a life without the lucrative fees it has earned for floating frauds like Naibu (NBU) and Quindell (QPP) in recent years. It looks rather bleak and one wonders if the champagne Christmas party on December 11 will now be a wake.
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FUGITIVE Craig Whyte has been arrested in Mexico, prosecutors said last night. The former Rangers owner was held when scores of police swooped to execute an arrest warrant. Whyte, 43, is understood to have been living in the central American country for a number of months. A Crown Office spokesman said they would now take the necessary steps to secure his appearance at Glasgow Sheriff Court. A police warrant was issued two weeks ago in connection with Whyte’s purchase of the Ibrox club for £1 from Sir David Murray in 2011. A second warrant was issued by a High Court judge last week when Motherwell-born Whyte failed to appear for a trial at the Royal Courts of Justice in London. Walter Smith and David Murray lead star witnesses called to give evidence at Rangers fraud case Crown Office officials will now examine the UK’s extradition treaty with Mexico. But it is possible the shamed entrepreneur could waive his right to challenge the proceedings and agree to the extradition. In recent days, Whyte said he would return voluntarily to assist police with their probe into the takeover. He said: “I will return to Britain at the beginning of December and hand myself in for questioning.” The SFA are also determined to see Whyte brought to justice over more than £200,000 in unpaid fines, although privately they admit they do not expect he will be in a position to pay. Three men who worked for Rangers’ administrators Duff & Phelps – Paul Clark, David Whitehouse and David Greer – appeared at Glasgow Sheriff Court last week along with solicitor Gary Withey, who worked for Whyte’s law firm. They made no plea or declaration. http://www.dailyrecord.co.uk/incoming/fugitive-craig-whyte-arrested-major-4703408
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http://www.rangers.co.uk/images/FansBoard/Minutes/RFB_Minutes_061014.pdf -
STEVEN NAISMITH reckons Rangers fans have been treated 'appallingly' as they have been put through the wringer in recent years. The Light Blue legions have had to contend with a mixture of emotions as their club has fallen from grace, but they have backed Ally McCoist's side in huge numbers throughout their recovery from financial meltdown. Naismith joined the likes of Steven Whittaker, Allan McGregor and Kyle Lafferty in quitting Ibrox two years ago. He has never been forgiven by many supporters for his controversial Ibrox departure. But the Scotland star still has sympathy with the plight of his former club as they look to complete the last stage of their journey back to Scotland's top tier this term. Naismith said: "Looking back, I would definitely have done some things differently. None of us wanted to leave that way. It wasn't nice at all. We did all we could. "It wasn't deferred wages (we had). It was wage cuts, in the hope that we came out of administration and could move on. It didn't happen. "It got to the point where there was not much else the players could do. "People would have liked us to have stayed and transferred over, but it wasn't just as easy as doing that. "In years to come people will understand it a bit more and understand it from the players' point of view a bit more. "The fans always have their opinion and they are right to because they pay good money to come and watch. They are the backbone, especially of a club like Rangers. "Over the last two or three years they have been treated appallingly. "For everyone's sake, hopefully it gets better and they can get back in the division they deserve to be in challenging for trophies." It is almost three years since financial problems hit home at Ibrox during Craig Whyte's disastrous reign, but Rangers remain in the money mire. Cash problems continue to hold the club back and 10 members of staff were last week made redundant as huge losses look to be stemmed once again. Fans are still furious at the state the Light Blues are in and have launched a series of attacks against the under-fire board as attendances have plummeted this term. And Naismith is upset at the devastating series of events at his boyhood heroes. He said: "It is disappointing and sad because it is the club I grew up supporting. I had some of my best memories in football there, but a situation arose that was out of everybody's hands. "I think the fans and the good people at the club are still suffering. I hope they will come out of this situation they are in soon. "It was a horrible decision for everyone involved to make. The biggest thing for us, as players, was that no-one was made redundant and we did that part of it. Over time, I am sure the truth will come out." http://www.eveningtimes.co.uk/rangers/naismith-rangers-fans-have-been-treated-appallingly-189852n.25960234
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Only too true, sadly enough: Express IMHO, overall Miller's done okay thus far.
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On Whyte's takeover. In the online DR edition
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http://www.dailyrecord.co.uk/sport/football/rangers-blazers-war-dave-king-4670042
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...and says manager Ally McCoist is being 'hung out to dry' by the board. THE former boss gave a withering assessment of the men at the top of the marble staircase and claimed they’ve hung McCoist out to dry. WALTER Smith last night accused the Rangers board of making Ally McCoist the worst prepared manager in their history. The former boss gave a withering assessment of the men at the top of the marble staircase and claimed they’ve hung McCoist out to dry. Smith spoke out in strong support of McCoist in Glasgow in front of an audience of 750 at a question and answer session during a charity dinner. The ex-chairman accused the current regime of failing to back the boss and said boardroom instability is also hampering the team. Asked to reflect on the work of McCoist, who was at the event, Smith said: “Ally will need a little help – in the last three years he has had none whatsoever. “I was fortunate enough to be given great support by the likes of David Murray with the signings I was allowed to make. “People are casting aspersions on Ally’s ability but if I ever had doubts about him I would never have recommended him for the job. “No club can be successful until it is well run from the top, it’s the single determining factor in how well the team plays. “I wish Ally could be given that opportunity but it isn’t being afforded him. Ally is bearing up well under the worst circumstances under which any Rangers manager has had to work.” Smith also turned on former owner Craig Whyte when asked if he was still happy with his decision to step away from the club three years ago. He said sarcastically: “I was quite happy to leave Rangers in the hands of Craig Whyte – well, he was a billionaire, after all. “Where is he now? Costa Rica or somewhere? The wee b******.” Meanwhile, Dave King claims Sandy Easdale was as concerned with his seat on the board as investment in the cash-strapped club. Easdale has labelled the South African-based tycoon’s plan to invest £16million a phantom bid driven by self-promotion. The bus boss and Rangers board snubbed King’s offer and a £3m loan from Brian Kennedy, instead taking a £2m bailout from Mike Ashley. Now King has hit back and said: “When I spoke to Sandy on my recent trip to Scotland his main concern was whether, after investment by our consortium, he would still be involved with the club. “I confirmed we had no immediate intention to remove him or his brother from board involvement. This was clearly not enough to gain his support.” http://www.dailyrecord.co.uk/sport/football/football-news/craig-whyte-wee-b-walter-4665444
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https://twitter.com/Herald_Editor/status/535213375333359618/photo/1
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There was an interesting footnote to the Daily Record’s coverage of Ed Miliband’s attack on Mike Ashley over the latter’s penchant for zero hour contracts; commenting on the recent flurry of Police activity regarding the acquisition of Rangers by Craig Whyte, it read : “The warrant was issued on the day four men – David Grier, Paul Clark and David Whitehouse, who worked for Rangers administrators Duff & Phelps, and Gary Withey, who represented Whyte – were all detained by police in England acting on behalf of Police Scotland. They are due to appear in court tomorrow. Police Scotland, who are leading a joint operation with HMRC, said “inquires are ongoing” in to the whereabouts of Whyte.” What makes that footnote particularly interesting is that Police Scotland’s Specialist Economic Crime Unit are once again working jointly with HMRC. Some will remember that until recently the former were investigating the latter with regard to leaks of confidential information in the Rangers Tax Case although “they found no evidence that the leaks came from within HMRC”. Perhaps it’s unavoidable given the scope of the enquiry and the limitations on resources but does it not strike anyone else as peculiar that we now have a former suspect at the forefront of an investigation into our club? An agency which itself has been open to considerable criticism over their handling of the whole sorry mess, with serious questions being asked about their professional competency. We don’t need to do “conspiracy theories” when it comes to HMRC – the facts themselves suggest that there are considerable grounds for a government enquiry into their handling of the matter. The latest criminal developments only serve to add fuel to an already highly flammable topic. This after all is the same government agency whom:- 1. As per Keith Jackson’s Daily record expose` allowed Craig Whyte, a man they were already pursuing for tax related matters to the tune of £4 million, to assume control of a company and then fail to contribute PAYE for a period of 9 months and as a consequence forced the company into administration. http://www.dailyrecord.co.uk/sport/football/football-news/ex-rangers-owner-craig-whyte-being-3992415 2. Treated complaints from Rangers shareholders regarding breaches of confidentiality in the Rangers Tax Case as “speculation about alleged breaches of confidentiality” whilst the platforms for the foregoing breaches, The Rangers Tax Case Blog and the BBC Scotland documentary – “The Men Who Sold The Jerseys” were picking up various awards courtesy of the confidential information they had broadcast. 3. Despite the investigation aforementioned by Police Scotland, have failed to explain how evidence in the Rangers Tax case, of which they were custodians, ended up in the hands of BBC Scotland. The remarks and summation by Lord Nimmo Smith in his SPL Commission Report have not been forgotten by the Rangers support, nor will the matter be allowed to rest until a sufficient explanation is provided as to how or who was responsible for such leaks. The Rangers support will welcome the latest flexing of the long arm of the law, not only from the sense of seeing some modicum of justice, but also a means of providing answers, long overdue answers to some of the questions this particularly dark period has caused. I doubt all will welcome such developments. The latest actions by the law enforcement agencies confirm what many of us have suspected for a considerable time – that our club has been used as the vehicle for a fairly elaborate and complex fraudulent scheme and in every sense is itself the victim of the perpetrators. It will be interesting to see whether there is a determination within our club to seek recompense, financial or otherwise, in respect of those who sought to punish the crime’s victim. The tale which will unfold if only half the story however. The decision making process at HMRC and their conduct into the investigation of our club is the untold story. The latter is a story which needs to be told and only a full public enquiry will suffice.
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After 3pm apparently for those on Sky Go or in the house! He's going to be explaining the Ashley loans... Comments: - David Somers claims Dave King consortium investment offer was breaching regulatory requirements so rejected them at 'Stage One'. - Somers claims 8 people were in King consortium but SA businessman refused to provide names and proof of funds. - Somers said that King was prepared to offer up 3 names before giving the rest if agreement made in principle. - Stage Two represented comparing Ashley and Kennedy bids whereby former was approved due to better deal on interest and security - Somers also claims Rangers make a lot of money from existing retail deal with Mike Ashley.
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From last week: http://t.co/aNmKNADMKG (PDF file) Collyer Bristow settlement confirmed within this. Also, BDO suggest there are £168.7m of unsecured creditors (including £94m noted for the HMRC monies (including the BTC).
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http://news.stv.tv/west-central/299623-four-men-detained-after-police-probe-into-sale-of-rangers-in-2012/ I'd like to remind people of their legal obligations in speculating over individuals and alleged criminal behaviour.
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I speculated that this was worth a thread on its own. Apologies if not, admin....merge it with Whyte Arrest warrant. However, it is a different revelation (though it may be connected, of course): "In a further development, The Daily Telegraph understands that while Wallace and Nash were still in their posts, documents related to the 2012 share issue were passed to the Serious Fraud Office for investigation. The SFO had no comment to make." It is tagged on here; http://www.telegraph.co.uk/sport/football/teams/rangers/11231964/Former-Rangers-owner-Craig-Whyte-issued-with-arrest-warrant-as-four-others-are-detained-by-police.html
