Jump to content

 

 

Search the Community

Showing results for tags 'craig whyte'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Main Forums
    • Rangers Chat
    • General Football Chat
    • Bluenose Lounge
    • Forum Support and Feedback

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


About Me


Location


Interests


Occupation


Favourite Rangers Player


Twitter


Facebook


Skype

  1. http://www.dailyrecord.co.uk/sport/football/football-news/ibrox-hate-figure-brian-stockbridge-4625845 Rears his head.. Sorry, on mobile... Hence lack of copy and paste
  2. THE Crown Office will today issue a warrant for the arrest of disgraced former Rangers owner Craig Whyte, the Daily Record can exclusively reveal. Whyte is wanted in connection with alleged fraud over his purchase of the Ibrox club in 2011. The sensational news comes after it was revealed that police forces in England, acting on warrants from Police Scotland, made dawn arrests today in connection with a long-running inquiry into Rangers. Four men were arrested at addresses in Thames Valley, Surrey and Cheshire. The first of the four is Paul Clark, London managing director of former Rangers adminstrators Duff & Phelps. The other three are former Duff & Phelps north of England managing director David Whitehouse, David Greer, a former partner in the business, and Gary Withey, a solicitor who worked with Whyte’s law firm Collyer Bristow. The arrests came at 6am today. Whyte, who has a flat in Monaco, is believed to be out of the country. It is thought the allegations over which the men have been detained centre on claims that Grier and Whyte were known to each other before Duff & Phelps were appointed as Whyte’s choice of administrators for Rangers in 2012. HMRC had at first opposed Whyte’s choice of administrators. Whyte bought the club from Sir David Murray in 2011 for £1 promising to wipe Rangers’ £18 million debt to Lloyds Banking Group. It later emerged he had sold future season ticket sales to London firm Ticketus to finance the deal. In 2013 financial industry regulators cleared Duff & Phelps of wrongdoing over the Rangers’ administration, though they said the company had left itself open to criticism. http://www.dailyrecord.co.uk/news/sc...-crown-4628861
  3. http://www.gersnet.co.uk/index.php/latest-news/289-is-donald-findlay-right-discussing-our-rangers-addiction Waking up to another Rangers controversy is nothing new. It doesn’t matter if it’s a Monday, a Thursday or a match-day, there’s always another Rangers related story to keep this ongoing farce alive. From the boardroom to the dressing room; from the small grounds in Scotland to the businessmen of Singapore; the bizarre nature of what has happened to one of Scotland’s proudest institutions continues to make waves wherever and whenever you care to cast a sideways glance. It’s impossible to hide from. Now, I’ve not read all of what Donald Findlay has said to journalist Stephen McGowan in today’s Daily Mail. The ‘debate’ surrounding about whether or not Rangers are a new club isn’t something which particularly attracts me. For me, the opinion of the law lords and football authorities is enough – Rangers is the same club with their history and successes intact from one company vehicle to the next. In many ways though, does it really matter what they or Donald Findlay think? I still follow follow Rangers with the same excitement and love I’ve always done. I always will. Many hundreds of thousands agree. However, and here’s the rub, some do feel differently and I can empathise with that. Why? Well, there can be various reasons. For one, the club’s reputation has taken a huge hit – doesn’t matter how fraudulent Craig Whyte and his associates' actions are proven to be, our club almost died. It doesn’t matter with how much disdain the Scottish football authorities, fellow clubs and fans and the Scottish media approached this fall from grace; we had to start again in Division Three. In that sense, of course the club’s reputation has changed forever. No Rangers fan alive has had to experience such a dramatic change in fortunes so it’s inevitable our mind-set has as well. Moreover, since administration, the situation has hardly improved. The Rangers brand (and tradition as well perhaps) is no longer associated with success and pride and honesty and hard work. Instead, embarrassment, dishonesty, manipulation, excess and fraud are now bywords for our club. Yes the team on the park may still be the team we love but unlike our fathers and their fathers before them, we’ll now forever have to associate on-field displays with the performance of the boardroom. Some may find it easy to refrain from such, but many others cannot. Not as long as the money we pay into the club can be withheld by companies with a somewhat different relationship. That particular landscape has changed forever; it’s undeniable. Moving on, and even within our fan-base things have altered for the worse. Small minorities they may be but the division amongst some fans is bordering on the obscene at times. Bear antagonising bear is not only counter-productive but downright bizarre. Disagreement can and should be healthy but some supporters have taken that to all new levels. In the modern era of online debate that may well be inevitable but it’s a change from previous times and it’s not a good one. These aren’t arguments in private RSC cubby-holes but very public fall outs which can be seen by all. They help no-one. Considering all the above, it’s perhaps more surprising to suggest anyone doesn’t approach supporting the club differently. To be clear, it’s not that our love has decreased or that our history and success has somehow been removed (such arguments are ludicrous) but that what has happened in recent years has changed us all forever. Indeed, it has to – we have to learn from our mistakes and ensure it doesn’t happen again. That’s not to say we can do so easily – we can’t – but if we try to hide from it then we’re no worse than an addict glossing over their dependence. To sum up, while I fundamentally and strongly disagree with Findlay in terms of Rangers still being the same Rangers, he is right to an extent. Of course the club is the same one we've all supported but there are elements of recent events which will have affected us all in different ways. Perhaps it's the divided fans taking each other for granted, perhaps it's the club's total disdain for our opinion, perhaps it's the media apportioning blame to the wrong people, perhaps it's the manager refusing to learn from his mistakes, perhaps it's the constant stress amidst the whole farce but no matter the issue, it has become very difficult to support Rangers nowadays. It should be fun, it should be a release from the everyday hum-drum but it's not - in fact I'd say supporting Rangers is just another daily stress and only our fans will understand just how bad it's been. For some, even someone like Donald Findlay, the challenge may be too much but shirking from his opinion won't help. To that end, if anyone has found the last few years hard then we should be working together to talk through our worries - not hide from or belittle them. Supporting Rangers isn't something you can turn on or off. It's an addiction which infects the soul. Thus, I'd say anyone who hasn't had their heart broken and their faith challenged is in the minority. However, broken hearts can be repaired and reputations restored. My name is Frankie and I'm an addict.
  4. Looks like 3.6 million shares were traded today or rather transferred , could this be in part payement for either outstanding loan
  5. Dave King's talks with Sandy Easdale ended without agreement. If this surprises anyone then it shouldn't.
  6. This is not a joke - It has hit us. What's a sugar daddy doing with a football club anyway? I only look at all the English Premier club owners then I wake up. Obviously for the same reason as all over Europe Rangers now find themselves under the vice grip of a billionaire. Happy days - or is it? Bad or good? Will we disappear in doomsday with all the clubs who've went down the sugar daddy route? I want this just because it can only mean success if only in the short term but we as fans have witnessed worse scenarios more than most? We have a duty as supporters...follow, follow no excuses.
  7. Man faces extortion allegations over leaked Rangers secrets a Ibrox stadium... home of Glasgow Rangers 0 BY ROBERT McAULAY Published: 54 minutes ago A MAN faces a charge of extortion after police began probing the release of Rangers secrets on the internet. The 45-year-old male also faces allegations involving breaches of the Computer Misuse Act and the Communications Act. http://www.thescottishsun.co.uk/scotsol/homepage/6036015/Man-faces-extortion-allegations-over-leaked-Rangers-secrets.html
  8. http://www.scotsman.com/what-s-on/tv-radio/dj-suzie-mcguire-tried-to-take-own-life-over-abuse-1-3586627
  9. THE WAR is over. The retailer has won. This morning Graham Wallace will be fired from his position as Rangers chief 
executive and this crisis-ravaged club will belong lock, stock and smoking barrel to Mike Ashley. Quite what Ashley has planned for it is still a matter of conjecture but the ruthless manner in which he went about last week’s power grab certainly suggests he wants it badly and also sees a way to make a killing by rolling his tanks into Glasgow. He now has security over two 
of the club’s major assets, the 
Albion car park and Edmiston House, and when his placemen arrive in the boardroom this week he’ll have grabbed this club firmly 
by the throat. As with everything Rangers, Ashley’s arrival on the scene will be spun in a variety of ways. The dark arts were evidenced 
over the weekend when it was leaked that, without his intervention, this basketcase would have gone bust within 48 hours. There were even muffled whispers from the shadowy sidelines Ashley had in fact ‘saved the club’ but the very notion the Newcastle United chairman had ridden to Rangers rescue in some sort of philanthropic or heroic act is completely absurd. In many ways, what actually went on amid increasingly frantic 
discussions on Thursday and Friday was a throwback to May 2011 when Sir David Murray invited Craig Whyte to trigger this omnishambles and set in action the catastrophic chain of events that has now led to Ashley’s increased involvement. That deal was a great bit of 
business for Whyte and for Lloyds Bank in particular – the £18million they recouped from the sale remains the outstanding trade of the last three and a half chaotic years – but it was a spectacularly awful one for the Ibrox club. Similarly, by taking control of Rangers for the price of a £2m loan, every penny of which will be paid back, Ashley has pulled off a serious coup in more ways than one. This is why he is known as the biggest beast in the jungle but even the Newcastle owner must be laughing up the sleeve of his safari suit at the way in which he managed to pull this one off. It was typically bold and eye poppingly aggressive and it included issuing the remnants of the Rangers board with threats of legal action both collectively and individually, should they turn him down in favour of a £3m loan from Brian Kennedy. Each of these directors was warned of potentially devastating repercussions should Ashley not get his way and as a result Rangers is his now to do with as he wishes. And all for less than the cost of a Sports Direct poly bag. It was an extraordinary stunt and it’s no wonder Sale Sharks owner Kennedy left Glasgow on Saturday still unsure as to how on earth the dysfunctional Rangers board – a collection of directors who have run the business into the ground – could allow it to happen in spite of his impassioned pleas. The farce began with the rejection of Dave King’s £16m bailout offer by the mysterious bloc of shareholders whose 26 per cent voting rights are represented by Sandy Easdale. On Thursday CEO Wallace, who knew his £300,000-a-year neck was now well and truly on the line, reached out to Kennedy and pleaded with him to make a counter offer. Kennedy worked through the night with his legal team to come up with his £3m offer, dependent only on him being allowed to place one man on the current board. He flew to Glasgow at lunchtime on Friday in the hope of getting the deal done. Kennedy was wasting his jet fuel. Not one of these directors was even at Ibrox on the day it was determined Ashley should be handed the keys. The fact all these discussions were held via conference call, underlines how little feel for the club these men have. Wallace headed for a beach in Greece despite being urged by at least two key protagonists to 
postpone his holiday for 24 hours. Finance director Philip Nash went one better by resigning and washing his hands of the entire Ashley v Kennedy showdown. That Nash threw in the towel is an indication he suspected the game was up and that another director, Laxey’s lackey Norman Crighton, had jumped camps at the last minute. Crighton had voiced his concern at Ashley’s move and had even said the Cockney must be stopped ‘at all costs’ but he performed a 180-degree turn at the last minute to leave Kennedy’s proposal in tatters. Chairman David Somers is another who may have cause to be persecuted by his own conscience. At least Nash had the principle to resign from his £1,000-a-day post. While Wallace was clinging on for dear life for his pay-off, Nash wanted no part of it and this included telling Ashley’s people he was unwilling to work for their man in the event he was successful. Having previously called for the removal of Nash and Walllace, Ashley had a change of heart. It’s understood he wanted Nash on board after crediting him with making £5m worth of cuts since February. One of those cuts was to a contract worth in excess of £100,000-a-year to Ashley’s own PR firm Keith Bishop Associates. This agreement was done as part of the £1 stadium naming rights deal Ashley agreed with Charles Green and which was signed off by Imran Ahmad – who then sued Rangers for £300,000 in bonuses for all of his good work. Deals like these are precisely why Rangers should brace itself for the full impact of Ashley’s arrival. He already pockets 49 per cent of all income from merchandise sales but may think this arrangement can be tweaked and improved in his favour. With two of his men on the board, a compliant chairman and confirmed allies in James Easdale and Crighton, he can do pretty much as he pleases. The only comfort in any of this for the Rangers supporters is to be found in the depth of Ashley’s pockets. He will not allow this club to go under, that much is certain. But from here on in Rangers will be run his way and for his benefit. http://www.dailyrecord.co.uk/opinion/sport/keith-jackson-mike-ashleys-rangers-4515761
  10. Dave King Statement re Rangers FC It is appropriate that I give feedback to the Rangers fans before departing for South Africa. Over the last few weeks Paul Murray, George Letham and myself have constructively engaged the Rangers board and (at the request of the board) Sandy Easdale regarding our proposal to invest 16 million into the club as soon as is practically possible. When investing in any public company there are numerous regulatory and compliance requirements that have to be dealt with. There are also SFA compliance issues that arise when investing in a football club in Scotland. An obvious further complication in Rangers case is the seeming lack of authority of the Rangers board to make decisions without reference to key shareholders who appear to be “the power behind the throne”. Prior to commencing the implementation issues referred to above it is necessary to reach an in-principle agreement with the board that can then be put to shareholders. In this regard it is important to recogniser hat the so-called Easdale Block represents more than 25% of the shares in issue and could therefore block the implementation of our proposal even if recommended by the board. Likewise, a combination of other shareholders could veto our proposal. I attempted to meet with Mr Ashley on my visit but neither he, nor his colleague, Mr Bishop, acknowledged my request for a meeting. This is their right but is unfortunate given the present concerns from supporters that Mr Ashley is using his shareholder status to put pressure on the board to alienate the rights and trade mark of the club in favour of his personal interest. I will make a separate announcement and appeal to fans on this topic at the appropriate time. Our initial proposal to the board was to invest the full 16m by way of equity at 20p per share. The board requested that we consider a debt/equity mix that would reduce dilution for existing shareholders and allow the debt component to be advanced prior to the extended time frame required for the approval of additional equity. We are amenable to this and to working with the board on the mechanics necessary to ensure that this is achieved provided that the full investment is recognised by way of board representation. We wish to appoint an equal number of members to the board and have the key say regarding the appointment of the Chairperson. We will not invest funds and let the existing board determine how these funds are spent. That has not worked well in the past. In any transaction of this nature there are a number of interests to be consulted and considered. The board has apparently engaged constructively on our proposal while advancing its own points as to what it believes is in the best interest of the club and its shareholders. Sandy Easdale has similarly apparently engaged constructively including highlighting some concerns. I have today responded to these concerns in writing. He will now consult with his co-shareholders and hopefully revert soonest so that we can proceed to agreement and the earliest possible implementation thereof. Unfortunately, I have to again deal with a point that I have covered previously. Despite our agreement with the board on confidentiality (that we have strictly complied with) we were faced with the inevitable combination of truth, half-truth and fallacies peddled by Mr Irvine on behalf of his employers. He states in particular that he is voicing Sandy Easdale’s directly communicated thoughts. Sandy has assured me that this is not the case regarding his recent nonsensical utterings. On that point, I have recently had the amusement of reviewing over 100 email communications between MrIrvine and Craig Whyte during the period that Mr Irvine was attempting to advance Mr Whyte’s business interests. My review of these emails indicates to me that he carefully identifies journalists that he believes lack journalistic integrity and ability and can therefore be fed by him for the benefit of whoever pays him. I urge fans to continue to ignore the nonsense that comes from these sources. We have a lot of work to do over the next few months to regain the club. I would not be here without the support of the fans and neither would my co-investors. We are going to need to draw on your support again over the coming months.
  11. keith jackson @tedermeatballs · 9s 10 seconds ago OK bed time. Back page will be up soon. Suffice to say a multi million pound bailout offer has been made by a three man consortium. https://twitter.com/tedermeatballs/with_replies
  12. New direction from the Union of Fans. The replies will be interesting. http://www.telegraph.co.uk/sport/football/teams/rangers/11147293/Rangers-fans-complain-to-companies-associated-with-plc-chairman-David-Somers.html
  13. ...has stopped supporting his three children. SPEAKING after Whyte was handed a 15-year director ban, Hugh Martin revealed his daughter Kim was "not getting a penny" from the former Ibrox owner for herself or their children. CRAIG Whyte ’s father-in-law yesterday revealed the disgraced businessman has stopped supporting his three children. Hugh Martin, father of Whyte’s estranged wife Kim, spoke after t he former Ibrox owner was banned from being a UK company director for 15 years . He said the ban was “irrelevant” as Whyte was no longer in Britain and may never return. Kim and Hugh have no idea where the liar is living, with Whyte claiming to have been in the US, France and even Albania in recent months. And Hugh said Kim was “not getting a penny” from Whyte for herself or the kids. Whyte, 43, was banned on Tuesday for the maximum 15 years after a court heard his dealings with Rangers were “shocking and reprehensible”. He and Kim bought Castle Grant, near Grantown-on-Spey , for £800,000 in 2006 – with a 110 per cent mortgage. Kim moved out after the marriage fell apart and now lives in England, where the children are at school. Whyte failed to pay the £7000-a-month mortgage for two years and the castle was repossessed in April. He also had a flat in Monaco – but the court last week heard his place of residence was unknown. Hugh, 73, of Giffnock, Glasgow, said Whyte’s director ban was “surely irrelevant because he is not in the UK”. He added: “Even my daughter does not know where he is. She has no clue – no phone number, no email, nothing. “She is getting not a penny – it’s horrendous. He will not support his own children one penny, let alone Kim. “She does not know where he is. She did say he had been in Albania. Don’t ask me why, I have no idea. He gets around. “I don’t think he is in Monaco. Kim thinks he may have given up the flat there but it’s possible he may be there. “He likes to live first class but he does not pay the bills for it. “He was staying in America some months ago at the Beverley Hills hotel in Hollywood. I hope they got paid.” Kim married Whyte in Florida in 2000 and they lived in Monaco and Costa Rica before moving back to Scotland in 2006. They split in 2010. Former steel company boss Hugh said he understood Whyte last had contact with Kim “over a month ago”. He added: “The last time he had the children was in Paris, but he sent them home unaccompanied. “For some reason – whether it’s the police, Inland Revenue, Customs, I don’t know – I don’t think he’s coming back. “There is only one word I can think of to describe Craig Whyte – and that is despicable. I have no idea how he survives, I just do not know.” At the Court of Session last week, Judge Lord Tyre said the case for disqualifying Whyte was “overwhelming”. He added: “He deliberately placed his own interests before those of the company.” Whyte had earlier been banned from being a company director for seven years . Business Secretary Vince Cable applied to have Whyte, 43, banned again after Rangers were liquidated in 2012. Whyte did not appear to defend the action after his lawyers withdrew. Whyte bought Rangers for £1 after agreeing a deal with previous owner Sir David Murray to repay a club debt of £18million to Lloyds Banking Group. He was asked how he proposed to fund the deal, and an email sent on his behalf indicated the source of the money was Liberty Capital, a British Virgin Islands firm owned by Whyte. But he’d been negotiating with Ticketus to provide the funds in exchange for three years of Rangers season ticket sales. He repeatedly lied about the deal after it was exposed, and put the club in administration in 2012. Hugh said: “Ticketus took action against him, he was found guilty, appealed, and was found guilty again. But when they got there, the money had gone.” The Court of Session heard officials couldn’t find Whyte to serve notice of the hearing, and we were unable to contact him for comment last week. When we rang a number previously linked to his Monaco flat, a man with a Scots accent paused briefly and then said we had the wrong number. There was no trace of Whyte at Glasgow offices once listed as the address for companies linked to him. A staff member in a nearby office told us she had no idea what had happened to the companies, and added: “You’re not the first person who’s been here looking for them.” http://www.dailyrecord.co.uk/news/scottish-news/craig-whytes-father-in-law-tells-how-4380772
  14. Ruff

    Sdm

    I apologise if this has already been covered. I didn't mind the jibes and slagging that we got at the time of admin because it was what it was and I would probably have stuck the knife in if our main rivals went through "a time of difficulty" to put it politely but as it went on and with no figurehead in the public eye to take the blame, we as fans were the aim for the blame. Pay your taxes, don't spend outwith your budget and so on.....we don't have control over that, we pay our money and assume the powers at be were there to look after our money. Does anyone have any hope that SDM will act upon Whytes latest court date? Is there any chance that a ruling will be made for shareholders to be compensated? (I realise Whyte can't pay). I dislike using the word victim but I would get some comfort if everybody outside of the Rangers family knew that that's what we were.
  15. A judge who banned former Rangers owner Craig Whyte from being a company director for 15 years said his conduct of the business was "characterised by dishonesty". Lord Tyre gave a decision to impose the maximum ban on Whyte from the bench earlier in the week at the Court of Session in Edinburgh after Business Secretary Vince Cable brought a petition. His written opinion was issued today. Whyte, 43, became a director at Rangers in 2011 but it went into administration the following year before being wound up. Lord Tyre said: "Immediately upon his appointment as a director or Rangers the respondent (Whyte) caused Rangers to enter into the Ticketus agreement, for the sole or main purpose of facilitating his acquisition of Rangers by providing finance which was lent by Rangers to Wavetower, which in turn used it to repay Rangers' external debt, notably to Lloyds Banking Group." "In effect, a significant proportion to Rangers' prospective income for the next three years was used to pay the bank and thus to fund the respondent's acquisition of the club." "On the basis of the material placed before me, it seems to me that there is a strongly arguable case that this amounted to financial assistance prohibited by section 678 of the Companies Act 2006, and accordingly constituted an offence," said the judge. Lord Tyre added: "In any event I am satisfied that the Ticketus agreement was entered into by Rangers, under the direction of the respondent, for the benefit of the respondent and not the company, and accordingly constituted a deliberate breach of his fiduciary duty as a director." "The fact that this was done, knowingly, in breach of the express terms of the share purchase agreement enhances the reprehensible nature of the respondent's actings," he said. It was argued that Whyte deliberately and dishonestly concealed the Ticketus deal, under which it got the right to sell three years season tickets for £24m, from other board members until its existence was found out by the company's financial controller from an independent source. Lord Tyre said: "I am satisfied on the evidence that the allegation of dishonesty is established." Whyte had told the independent board committee at Rangers that funding of the deal would come from him and an email was sent indicating that a British Vigin Island company owned by him, Liberty Capital, was a source of funding, the court was told. He said Whyte held no board meetings and provided no information to other directors over the company's financial affairs, making it impossible for them to carry out their own duties as directors. It was also alleged that there was a failure by Whyte to exercise rights, granted by Wavetower to Rangers at the time of the share purchase, to receive payment on demand of sums to meet playing squad costs and a sum due to HM Revenue and Customs, dubbed the Small Tax Case. Lord Tyre said: "In connection with this aspect there is again an element of dishonesty on the part of the respondent, in that a letter sent on his behalf in January 2012 contained certain untrue statements concerning funds available to Rangers." A further issue was the failure of Rangers under Whyte's ownership to meet its obligations to HMRC over PAYE, national insurance and VAT. Lord Tyre said: "Acting to the exclusion of other directors, the respondent caused Rangers to stop making payment when due in respect of these liabilities from September 7 2011." The commercial court judge: "By February 2012, when HMRC presented its petition for an administration order, a sum of around £10.5m had accrued in respect of unpaid tax and unapplied interest." "Through his actings at the time of and after acquisition of Rangers, the respondent demonstrated a reckless disregard for the interests of the company to which he owed fiduciary duties," he said. "His conduct of the business was characterised by dishonesty, in relation to disclosure of the true source of the funds used to purchase the company and repay the bank debt, and by wilful disregard for his duties to the company and to the other members of the board," said the judge. He said that in acquiring Rangers and a subsequent sale of shares in Arsenal "he placed his own interests before those of the company". "He knowingly permitted the company to trade using money owed to HMRC, " said Lord Tyre. The judge said that Whyte has had also shown "a wilful disregard" for the duties of a director over record keeping and co-operation with the liquidator of a second company Tixway. Lord Tyre said that little was known about Tixway, which went into liquidation in 2012, where Whyte was appointed as a director in 2008 following the ending of a previous seven-year ban as a director. "It is clear from Tixway's bank statements that the company held funds. Entries in those statements strongly suggest that some of those funds were applied to meet personal expenditure of the respondent," he said "Tixway is estimated to have a deficiency of liabilities over assets of around £3m. In the absence of adequate records it is impossible to know how this deficit accumulated," he said. Payments from a bank account included £395,991 to American Express and £414 to a butcher in Grantown on Spey, in Morayshire. Lord Tyre said: "In my assessment, the conduct of the respondent in the present case consists of a combination of dishonesty, disregard for the interests of companies to which he owed duties and of the creditors of those companies, use of Crown debts to finance trade, misappropriation of company funds (at least in the case of Tixway) for private purposes, and wilful breach of a director's administrative duties, the effect of all of which is that the case can be regarded as quite out of the ordinary." Whyte, formerly of Castle Grant, Grantown on Spey, and RueDe Tenao, Monaco, was not represented at the hearing where he was banned. An amendment to the court document was granted to state that his current place of residence is unknown. http://www.eveningtimes.co.uk/news/u/judge-craig-whyte-was-characterised-by-dishonesty-at-rangers.1412337598
  16. http://www.heraldscotland.com/news/home-news/end-of-an-era-as-murray-closes-illustrious-charlotte-square-hq.25482419
  17. A huge day ahead of every Scots person and I make no apology for posting about the referendum in the main forum today. I hope everyone takes another few minutes to fully consider the implications of their vote. Our decision will impact fully on the rest of our and our children's lives. This should not be a decision easily taken or based on hubris. I'd contend the overall quality of debate has been poor and I doubt any of us can say either side has won it. Nevertheless you must vote with a clear conscience and I'm glad that this website has people of opposing opinions while remaining neutral and, well independent, of trying to influence anyone. It's going to be one of the most important 24 hours in Scottish and UK history. Good luck to all.
  18. Former Rangers owner Craig Whyte has been banned from being a company director for 15 years. The 43-year-old was handed the maximum ban possible after a judge heard his conduct in dealing with Rangers was "shocking and reprehensible". Whyte was previously banned from being a director for seven years. A second ban was sought by UK Business Secretary Vince Cable after Rangers' liquidation in 2012 and the subsequent liquidation of Whyte's firm, Tixway. http://www.bbc.co.uk/news/uk-scotland-glasgow-west-29429752#?utm_source=twitterfeed&utm_medium=twitter
  19. Posted Today, 07:02 PM SEPTEMBER 26, 2014 / BILLMCMURDO The boardroom saga rumbles on at Ibrox with the news that Rangers CEO Graham Wallace has had talks with representatives of Dave King. My understanding is that these representatives were Paul Murray and George Letham. No big surprises there but this is where we enter into the Twilight Zone once more. When contacted by a prominent daily newspaper, I am told that Dave King denied that these men were his representatives. Which begs two questions: 1) Why are these men purporting to represent Dave King? 2) Or is Dave King being economical with the truth? We could also ask why he is, if he is., Given that Rangers fans want transparency and that this requirement for transparency is often spoken of by Messrs Murray and King, surely it would be very much in the interests of both these men to clear matters up for the fans. In a nutshell, is Paul Murray representing Dave King in talks with Graham Wallace? This opens up a whole raft of other questions. Why is Graham Wallace speaking to Paul Murray? Is he doing so with the backing of fellow board members or has he “gone rogue” and if this is the case, what can be done to stop him? It is no secret that there is a rift in the boardroom and this is not something Rangers fans want to be reading about, especially in anti-Rangers outlets. I personally am fed up of all the cloak and dagger, which is playground stuff. We need men leading us, not boys. Yes, confidentiality is often necessary in business dealings but you can’t call for transparency to score points while being furtive and even deceitful. If Paul Murray is representing Dave King, fans should be told and not lied to. The whole matter hinges around Dave King’s now legendary £30 million to invest. Is the £30 million for real or a mythical figure that keeps Dave King in the limelight while deceiving the Rangers support? Even if Kings’ 30 mil is real and in place for investment, other questions need answering. These include a very important one i.e. Is that it? Is the 30 million all there is or is there more to follow? Not as a possible but something far more concrete? I mean, are there other investors lined up or does King himself have more in reserve? Just as vital is the question: What role does King want for his investment and can he get it? There are huge question marks over King’s suitability as a director of RIFC PLC both from the stock market perspective and from that of the SFA and SPFL. King needs to answer those for his own sake and others. Should King fail to get a directorship, is he happy to take a back seat and does this also mean there is a very real prospect that he will fall foul of AIM regulations concerning “shadow directors” who hold no office but exercise inappropriate clout? Can King’s ego handle being just a good guy investor with no hands-on power? I see the papers are waging a campaign against Sandy Easdale attempting to pressure him not to block this mooted Dave King investment. Easdale may be crazy to try and block this investment if it saves the club but he would be crazier still to rely on it given how precarious it appears to be. The fact that he is active in seeking alternatives is indicative, not of a churlish anti-King prejudice but of commendable business prudence and responsibility. As I wrote previously, Rangers require a custodian. Both Dave King and Sandy Easdale may have a lot to do to convince fans they can fill that role. Being more honest with the Rangers fans would be a good start. http://billmcmurdo.w....the-kings-men/
  20. ....not to panic over wages fears in secret dressing room plea. WALLACE held a clear-the-air meeting with players yesterday to reassure them their wages and future were secure, claiming the £3million raised by the recent share issue had stabilised the Ibrox cash crisis. IBROX chief executive Graham Wallace has held a secret special briefing to reassure the Rangers squad that the future is secure. Wallace addressed the players in the home dressing-room at Ibrox on Friday and insisted there were no imminent financial worries. Ally McCoist’s side scraped a 1-1 draw with Alloa yesterday, with David Templeton hitting a late leveller. But at the clear-the-air meeting Wallace claimed the £3million raised by the recent share issue had stabilised the Ibrox cash crisis. One player said: “Wallace spoke to us on Friday and tried to assure us that the situation was under control. He spoke well and clearly, and told us not to worry about any speculation. “A lot of us don’t really know what is happening off the field. We just try to concentrate on winning games. He insisted the financial situation is under control.” Wallace claimed the picture is rosier than portrayedby worried fans in an attempt to ease fears the club may not be able to afford future wage payments. However, the chief executive’s comments clash with the feelings of supporters’ groups who worry that the club will run out of money by the turn of the year. Former chairman Alistair Johnston has also expressed grave reservations and has urged the Easdale brothers to sell their shares and get out of Ibrox. Revenue is drastically reduced at Rangers this season after only 23,000 season tickets were sold and corporate hospitality is also down. The club have had to borrow a total of £1.5m from wealthy fan George Letham and Sandy Easdale and sell almost 16 million new shares to provide working capital. http://www.dailyrecord.co.uk/sport/football/football-news/rangers-chief-graham-wallace-urges-4297450
  21. RANGERS have denied reports suggesting they have been contacted by the Indonesian Government over the club's involvement with convicted criminal Rafat Rizvi, who is wanted by Interpol. Newspaper reports in Indonesia suggested that the country's deputy attorney general had contacted bosses at Ibrox about the issue, but a spokeswoman for club vehemently rejected this. Government officials are understood to have been astonished to read media reports of Rizvi's meeting with Rangers' chairman of the football board, Sandy Easdale, two weeks ago. Following that meeting, the club claimed that Rizvi was acting as an adviser for a third party, Datuk Faizoull Bin Ahmad. However, Mr Bin Ahmad later denied this. It has prompted action from Indonesia's attorney general, his deputy and their minister of justice and human rights. Deputy attorney general, Andhi Nirwanto, is reported as saying: "We have already approached this club to tell them our views." The country's attorney general, Basrief Arief, also revealed: "We have filed a new request to Interpol in Lyon, France to hunt down the fugitive Rafat Rizvi after reports he was involved in buying a Scottish football club, Rangers FC. "We beg Interpol to look for him and to bring him back to our homeland in order to accept his sentence." However, a spokeswoman for Rangers said: "No approach has been made to the club by the Indonesian Government." UK-born Rizviwas sentenced in Indonesia to a 15-year jail term in absentia and a £775,000 fine for 'stealing assets' following the collapse of the country's Century Bank in 2009. http://www.heraldscotland.com/news/home-news/rangers-dispute-receiving-warning-over-rizvi.25386413?
  22. BAIN has been out of football for three years since leaving Rangers in the wake of Craig Whyte's purchase of the club but says sufficient time has passed since his "bruising" experience at Ibrox. MARTIN BAIN last night made a surprise return to football as chief executive of Israeli champions Maccabi Tel Aviv. The former Rangers CEO has been out of the game since May 2011 when he was ousted by Craig Whyte after attempting to block what quickly became a catastrophic takeover. Bain’s relationship with former owner Sir David Murray broke down as the sale of the club to Whyte was pushed through and he felt so badly damaged he turned down a string of job offers from other clubs over the last three years. But he has been persuaded to take on the role in the Middle East after being handpicked for the job by Maccabi’s wealthy Canadian owner Mitch Goldhar. And after being presented to local media at a press conference yesterday Bain spoke exclusively to Record Sport to reveal why he has decided to step back into football’s firing line – and to angrily reject suggestions he helped bring the Ibrox club to its knees. Bain, who has not spoken publicly since being sacked by Whyte, said: “I feel sufficient time has passed for me to now return to football and I’m delighted to take on this new challenge at Maccabi. “The way things ended for me at Rangers was obviously a bruising experience and I needed to take a period of time out for the sake of my family. “I chose not to say anything about what went on at Ibrox but, now that I am returning the game, I think it’s appropriate I point out a few facts. “In the two years since the board restructure in August 2009 and prior to Craig Whyte forcing my removal from the club, turnover had increased, operating costs reduced net debt more than halved from £31.1million at June 30, 2009 to £14.1m at June 30, 2011. “This debt reduction was beyond the targets set by the bank. “During that time the club won three consecutive league titles in difficult circumstances while also reaching a UEFA Cup Final. “I needed time away form football after everything that went on towards the end of my time at Rangers. “But Mitch Goldhar is a very ambitious and persuasive man. He has huge plans for this club and when he explained them to me I felt it was an offer I could not refuse. “I believe I am the right fit for what he wants to do in terms of his vision to build a European Club model, training academy and investing in building the club under Jordi Cruyff, the club’s director of football and our coach Pako Aysteran.” http://www.dailyrecord.co.uk/sport/football/football-news/former-rangers-chief-martin-bain-4301876
  23. Sportsmail ‏@ScotMailSport 29m Malaysian businessman claims he does not know fraudster Rizvi. @Mark_Wilson8 on the latest twists and turns at Rangers. In tomorrow's SDM Chris Jack ‏@Chris_Jack89 1m When is an advisor not an advisor? When he's Rafat Rizvi, it seems. Interpol may know who he is but the Rangers Malaysian delegation don't
  24. Between Richard Wilson and this article (with no apparent byline), the BBC have began to venture into a more accurate take on political matters at Ibrox. http://www.bbc.com/sport/0/football/29153590
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.