chilledbear 16 Posted September 13, 2011 Share Posted September 13, 2011 Martin Bain granted an arrestment order on #Rangers accounts for £450,000 On twitter by STV and BBC. 0 Quote Link to post Share on other sites More sharing options...
Craigy1881 79 Posted September 13, 2011 Share Posted September 13, 2011 I hate that tangoed baw sack. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted September 13, 2011 Author Share Posted September 13, 2011 Rangers former chief executive Martin Bain has secured a court order to freeze almost £500,000 of the Ibrox club assets as he a pursues a damages claim against his ex-employer. A judge said he was satisfied that there was "a real and substantial risk of insolvency" for the Scottish Premier League leaders if a major tax brought by HMRC goes against them. Lord Hodge said at the Court of Session in Edinburgh that in reaching that view he was concerned with the degree of possibility and "not actuality or even probability of insolvency". The judge said he was prepared to grant a warrant for arrestment sought by Mr Bain's lawyers but would restrict it to the sum of £480,000. Mr Bain raised a £1.3m claim alleging breach of contract following the takeover at Rangers FC by venture capitalist Craig Whyte, 40, from former owner Sir David Murray. Lord Hodge said he was not persuaded on the material before him that Rangers were presently insolvent "either practically or absolutely". http://news.stv.tv/scotland/west-central/270135-judge-freezes-500000-rangers-assets-over-fears-of-insolvency/ 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted September 13, 2011 Share Posted September 13, 2011 Here we go, your a no use baldy twat who was in charge while the ship was sinking and you want money for this, away and throw shite at yourself wouldn't give you the sweat of my scrotum ya prick. 0 Quote Link to post Share on other sites More sharing options...
gisabeer 409 Posted September 13, 2011 Share Posted September 13, 2011 Here we go, your a no use baldy twat who was in charge while the ship was sinking and you want money for this, away and throw shite at yourself wouldn't give you the sweat of my scrotum ya prick. you saved me the bother mate! 0 Quote Link to post Share on other sites More sharing options...
Guest Dutchy Posted September 13, 2011 Share Posted September 13, 2011 The fact he was running the club during it's financial woe's tells me that he, more than anyone should know what sate we're actually in, yet he goes ahead with this action, knowing the bad publicity it will attract. Maybe he knows that we're not in that much trouble after all? Or he could be just trying to screw as much from us as possible before we do have to cut back to the bone. If he's a true blue, he's got a funny way of showing it. It's more to do with overpaid rich bastards getting used to having far too much money in the first place. I've never heard so much sshite spewed over rich peoples entitlement to even more cash. Greedy c*nt! 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 13, 2011 Share Posted September 13, 2011 We can call Bain every name under the sun, but this goes down in my book as a major mistake by Whyte. If he really had anything on Bain then the former CEO wouldn't be sueing. Whyte should have dealt with Martin Bain completely differently and not caused all this media circus and bad publicity for the club. No wonder the Rangers FC share price has been plummeting since June. Then again, I suppose anyone interested in picking up shares in the club will be happy about being able to get them for 20p instead of 40p. 0 Quote Link to post Share on other sites More sharing options...
Little General 80 Posted September 13, 2011 Share Posted September 13, 2011 it shows Bain does not have Rangers best interest at heart. 0 Quote Link to post Share on other sites More sharing options...
bluebear54 0 Posted September 13, 2011 Share Posted September 13, 2011 (edited) We can call Bain every name under the sun, but this goes down in my book as a major mistake by Whyte. If he really had anything on Bain then the former CEO wouldn't be sueing. Whyte should have dealt with Martin Bain completely differently and not caused all this media circus and bad publicity for the club. No wonder the Rangers FC share price has been plummeting since June. Then again, I suppose anyone interested in picking up shares in the club will be happy about being able to get them for 20p instead of 40p. Agree with you broadly here Zappa, but agree also with CW in that Bain has a gross cheek. He was well aware of, and was party to some very bad management decisions over the past few years, and - according to the leaked documents, and the sequestering - is apparently quite happy to quote the consequences of those bad decisions as his reasons for the Club being in a dicey postion. We really can't blame CW for that. And now Bain wants £1.3m. Now,Ii don't know how that equates for you guys, but, that's not far off a lifetime's earnings for me. Fair enough, I don't live in Drymen, and fair enough, I would never want to, but this prat fills me with loathing. Despicable person. Six months ago, when he was on the gravy train, he was spouting off about how he was "Rangers till I die" - now he is quite happy to screw the club as long as he can get his bumper payoff. On a side issue, part of his claim is for a European qualification bonus for Europe this year and next. He's lost out on this year, and I wouldn't bet on next year. Question is, does he not feel content with the money he has made out of the Club already? He's a moneygrabber. Not a Rangers man. Full stop. Edited September 13, 2011 by bluebear54 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 13, 2011 Share Posted September 13, 2011 Agree with you broadly here Zappa, but agree also with CW in that Bain has a gross cheek. He was well aware of, and was party to some very bad management decisions over the past few years, and - according to the leaked documents, and the sequestering - is apparently quite happy to quote the consequences of those bad decisions as his reasons for the Club being in a dicey postion. We really can't blame CW for that.And now Bain wants £1.3m. Now,Ii don't know how that equates for you guys, but, that's not far off a lifetime's earnings for me. Fair enough, I don't live in Drymen, and fair enough, I would never want to, but this prat fills me with loathing. Despicable person. Six months ago, when he was on the gravy train, he was spouting off about how he was "Rangers till I die" - now he is quite happy to screw the club as long as he can get his bumper payoff. On a side issue, part of his claim is for a European qualification bonus for Europe this year and next. He's lost out on this year, and I wouldn't bet on next year. Question is, does he not feel content with the money he has made out of the Club already? He's a moneygrabber. Not a Rangers man. Full stop. Agree with a lot of what you're saying here, but I still think Craig Whyte should have dealt with Martin Bain completely differently. The way it was dealt with was completely unprofessional and all of this could have been avoided. He could have been given 12 months notice or whatever was required and Whyte could have used his services for another year instead of now having to pay him half a million minimum in losses and damages. 0 Quote Link to post Share on other sites More sharing options...
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