chilledbear 16 Posted February 22, 2012 Share Posted February 22, 2012 Just hoping there's not worse in the pipeline. It's drip drip drip, every day. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted February 22, 2012 Share Posted February 22, 2012 Rangers owner Craig Whyte sells off 102 years of Ibrox history by dumping shares in Arsenal Feb 22 2012 Exclusive by James Traynor & Keith Jackson craig whyte rangers owner Image 1 CRAIG WHYTE has flogged 102 years of Rangers history by selling the clubâ??s shares in Arsenal. The latest revelation, which will sicken the clubâ??s supporters, has come to light as part of Record Sportâ??s explosive investigation into Whyte and the £1 deal he struck to buy Rangers after selling off £24.4 million worth of season tickets to finance his takeover. Fresh information in our possession now shows how Whyte struck a deal worth more than £230,000 with a consortium called Red and White to sell off the 16 shares and cash in on a historic link between the clubs dating back to 1910. And brazenly, Whyte then blocked a move for the cash to be paid into the Rangers bank account, demanding instead it stayed lodged in one of his own companies, Pritchard Stockbrokers in Bournemouth. Pritchardâ??s assets have now been frozen on the orders of the Financial Services Authority. The FSA moved in on Friday after ruling that Pritchard, who listed Whyte as board *secretary, had used client money to cover its own costs. The increasingly *embattled Whyte then resigned from his position at Pritchardâ??s before standing down from two further directorsâ?? posts with related companies, Merchant Corporate Recovery and Merchant Strategic Renewal. Now Rangersâ?? *administrators, Duff and Phelps, may attempt to recover the missing money as they fight to clean up the financial carnage which Whyte has created during his disastrous nine months at the Ibrox helm. The close friendship forged between Rangers and Arsenal spans back to the turn of the last century when the Londoners were experiencing financial trouble of their own. Itâ??s believed Rangers attempted to help out by buying two shares in *Woolwich Arsenal because their manager, George Morrell, had previously worked for the Ibrox club. Around 20 years later, a much stronger and vibrant Arsenal gifted Rangers with a further 14 shares in return for their support during troubled times. This cemented what was already a rock solid *relationship between the then managers, Bill Struth and Herbert Chapman.Struth and Chapman are today revered by fans all over the world as the greatest servants in the history of their clubs. But Whyte ignored these historic links when he seized control of Struthâ??s old side and saw a chance to make a killing on the link. 0 Quote Link to post Share on other sites More sharing options...
Max Rebo's Big Blue Nose 0 Posted February 22, 2012 Share Posted February 22, 2012 Just hoping there's not worse in the pipeline. It's drip drip drip, every day. What's next mate? Flogging the trophy troom? 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted February 22, 2012 Share Posted February 22, 2012 What's next mate? Flogging the trophy troom? Is the bike still there? 0 Quote Link to post Share on other sites More sharing options...
Stimpy 0 Posted February 22, 2012 Share Posted February 22, 2012 What's next mate? Flogging the trophy troom? Apparently, and I'm not trying to bull shit anyone, when Whyte finished his speech outside of Ibrox announcing administration, in a blind panic he told an employee to hide the keys to the trophy cabinets. Amateur hour at its very best. 0 Quote Link to post Share on other sites More sharing options...
johnnyk 158 Posted February 22, 2012 Share Posted February 22, 2012 If this is true which is does sound to be, I doubt Whyte can ever show his face again in front of our fans. The guy has lied to us all along and is now selling parts of our history, how can this be happening without anyone else knowing! 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted February 22, 2012 Share Posted February 22, 2012 Allegedly used Pritchards to do it too, I'm sure the details of all related party transactions will be included in the relevant accounts though!... I think it highlights how they guy does business. Not read the full article yet, but I get the impression it was paid into Prichards account, probably as a short term stop gap for them, then the plan would have been to transfer on to Rangers (looking at it optimistically). However, his cunning plan was foiled when Prichards assets/accounts were frozen. He is now unable to transfer it on to Rangers. He basically moves money from one company to another in order to cover short term requirements. 0 Quote Link to post Share on other sites More sharing options...
ascender 352 Posted February 22, 2012 Share Posted February 22, 2012 Why on earth would he do this??? 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted February 22, 2012 Share Posted February 22, 2012 Why on earth would he do this??? Money....and the fact he doesn't have enough of it to run his businesses!!! 0 Quote Link to post Share on other sites More sharing options...
Bears 0 Posted February 22, 2012 Share Posted February 22, 2012 This is the last straw for me. I know fucking hate the cunt!!!! 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.