Zappa 0 Posted February 23, 2012 Share Posted February 23, 2012 I haven't seen it myself yet, but apparently today's Record is saying that Whyte's lawyers aren't cooperating with the administrators in the search for missing or unaccounted for cash. First person to get their hands on the full story please post it here! 0 Quote Link to post Share on other sites More sharing options...
Bears 0 Posted February 23, 2012 Share Posted February 23, 2012 I'm no expert at al this stuff. I listen to you guys. But surely if that is the case then there's scope for the fraud squad or some other specalist Police unit to get involved? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted February 23, 2012 Author Share Posted February 23, 2012 I'm no expert at al this stuff. I listen to you guys. But surely if that is the case then there's scope for the fraud squad or some other specalist Police unit to get involved? Well the Police are already involved mate. The administrators were asked to give the Police a bunch of documentation and information for an investigation they're conducting and as far as I know, the administrators have done that. If the story is true and Whyte's lawyers aren't playing ball, then the administrators might need to get a court order or something along those lines, but I'm not sure. It's certainly more bad news if true because you don't fuck with administrators when they're holding all the cards and have the club's future in their hands. 0 Quote Link to post Share on other sites More sharing options...
Bears 0 Posted February 23, 2012 Share Posted February 23, 2012 Well the Police are already involved mate. The administrators were asked to give the Police a bunch of documentation and information for an investigation they're conducting and as far as I know, the administrators have done that. If the story is true and Whyte's lawyers aren't playing ball, then the administrators might need to get a court order or something along those lines, but I'm not sure. It's certainly more bad news if true because you don't fuck with administrators when they're holding all the cards and have the club's future in their hands. True, but the way i've picked up the administrators, and there own personal view of Rangers is they will not go down that road, if they need to go at the lawyers through courts, they will do it with out jeopardising RFC. I think we need to find out wither it's Rangers football clubs lawyers or Craig Whytes personal Lawyers, or are they both one in the same thing now? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted February 23, 2012 Author Share Posted February 23, 2012 God knows mate. Whyte's got more lawyers than I can keep up with. We'll have to wait until we get the full story, but I'd imagine it'll be Gary Withey or an associate of his at the London firm Collyer Bristow. 0 Quote Link to post Share on other sites More sharing options...
Bears 0 Posted February 23, 2012 Share Posted February 23, 2012 God knows mate. Whyte's got more lawyers than I can keep up with. We'll have to wait until we get the full story, but I'd imagine it'll be Gary Withey or an associate of his at the London firm Collyer Bristow. I would think that the administrators will know all the "tricks" that companies use when they are in this sort of situation though so they will be prepared for all eventualities? I honestly believe that Rangers Football Club will continue and won't go into liquidation though. 0 Quote Link to post Share on other sites More sharing options...
Stefanovitch 0 Posted February 23, 2012 Share Posted February 23, 2012 FEARS are growing that stricken Rangers could hit the buffers within days - because Craig Whyte's lawyers won't show them the money. The Ibrox club's crisis was deepening last night with administrators still waiting for vital clues which could lead them to as much as £4.5million. Duff and Phelps' experts have been on the paper trail of cash they believe belongs to Rangers since they took over the running of the club nine days ago. And there are genuine fears that without this money the chances of Rangers surviving will be much slimmer. The man who has so far failed to respond to pleas for help is Gary Withey - Rangers' own company secretary. This latest twist came as Dave King, a director Whyte tried to oust last week, jetted in for talks with the administration team and as ex-chairman Alastair Johnston questioned whether the Whyte takeover is still legally sound. Johnston has written to the administrators looking for control of the club to be ripped from Whyte's hands because the shamed owner may be in breach of his own takeover conditions. But they'll have to be quick, especially if the administrators continue to be blanked by Whyte's lawyers. Duff and Phelps' duo Paul Clark and David Whitehouse are trying to track down money they reckon should still be in the Collyer Bristow client account set up to facilitate Whyte's takeover. But the joint administrators can't get answers - even though Withey is a partner with Collyer Bristow. Clark and Whitehouse have been trying to find out how much cash is sloshing around in the account but Withey hasn't gone out of his way to assist and it's now believed someone else has been put in charge of this part of his firm's business. The lack of financial clarity has made survival even tougher. By close of play last night the team fighting to keep Rangers alive were still waiting for Collyer Bristow to play ball and disclose how much went in AND out of the account. The Ticketus millions flowed through the account but there would have been more than just the £24.4m deposited in exchange for huge chunks of future season tickets.The strength of this ticket deal is likely to be challenged by the administrators but at a later date. The priority now is today and then each one after that as they strive to keep Rangers playing. That's why they must get their hands on every penny due to the club and it's thought the £2.8m Whyte said he had to settle the 'small tax bill' might still be in the account. Whyte also said he had £1.7m for stadium refurbishment and that should also be there. These are figures Whyte included in the takeover circular and they're now seen as vital for Rangers' survival. But that same circular may now be used by those who believe Whyte could be ousted. Record Sport has discovered he could be taken out if King - or any other Rangers shareholder - launch a court case against the validity of his takeover. If it can be shown he has failed to deliver on his key pledges he could be legally challenged and that would raise the possibility of him losing his preferred creditor status. King's sudden arrival can't be underestimated and might unnerve Whyte who moved to axe him from the board last week. But the South African-based businessman assured Duff and Phelps he is legally still in place as a club director. He then demanded to know the true extent of the mess Whyte has left behind while Ally McCoist was also seeking answers from Clark and Whitehouse. It's understood McCoist was given details of how much cash he and his players, who have agreed to take wage deferrals, will have to sacrifice in order to save jobs throughout the club. 0 Quote Link to post Share on other sites More sharing options...
Craigy1881 79 Posted February 23, 2012 Share Posted February 23, 2012 If I ever pass this guy in the street I swear to god he is getting the biggest kick in the balls possible. It is just never ending. 0 Quote Link to post Share on other sites More sharing options...
BlueMazza 0 Posted February 23, 2012 Share Posted February 23, 2012 Ok. I might have to come off the fence a bit now, on the side of Whyte is a crook. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,363 Posted February 23, 2012 Share Posted February 23, 2012 When reading that I actually started to wonder who of the administrators /-' team is in constant talk to the media about this. I would assume that they do not talk to the media aside from press announcements because of confidental stuff is going on, which will later be made public though. (And since - from the administrator's ooint of view - it can't be in the public interest of Rangers to spill these beans, why would they do it?) Whyte's lawyers will not talk about it to anyone, so where does the Record get this from? 0 Quote Link to post Share on other sites More sharing options...
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