Conduct of Sir David Murray, Craig Whyte and Rangers directors examined

[kuznetsov 0]

Inspite of his inflated wages for himself, terrible commercial and transfer dealings.

 

there was nothing bain could do at rangers to make up for the utter shambles he helped create pre "bank ownership", nothing. the man was a clown.

[the gunslinger 3,366]

I expect it to be much of nothing like everything else he's revealed so far.

 

the judge didn't think it was nothing.

 

indeed his conflict of interest story was quite a revelation.

 

as was his revealing of qhyte as the con man he is. of course no one believed him, but he was right.

[simplythebest 0]

the judge didn't think it was nothing.

 

indeed his conflict of interest story was quite a revelation.

 

as was his revealing of qhyte as the con man he is. of course no one believed him, but he was right.

And the conflict of interest hasn't really come to anything.

[the gunslinger 3,366]

And the conflict of interest hasn't really come to anything.

 

not yet certainly.

 

it has however exposed the nature of the whole con whyte pulled.

[forlanssister 3,060]

Looks quite damning if true.

 

Craig Whyte recorded Rangers Ticketus deal talks with David GrierBy Mark Daly

 

BBC Scotland Investigations Correspondent

 

BBC Scotland has uncovered new evidence showing Rangers administrators Duff and Phelps knew Craig Whyte had sold season tickets to buy the club.

 

It indicates they were intent on denying it because they thought they could get away with it.

 

In May, the BBC suggested Duff and Phelps partner, David Grier, may have known about the £25m Ticketus deal last April, before Mr Whyte's takeover.

 

Mr Grier denied any knowledge of the deal until August 2011.

 

The BBC has obtained a recording of a meeting between Mr Whyte and Mr Grier, which show Duff and Phelps did know.

 

Mr Whyte bought Rangers from Sir David Murray for £1 and paid an £18m debt to Lloyds Bank by selling three years of season tickets to finance firm Ticketus for £25m.

 

As well as being involved in Mr Whyte's takeover, Duff and Phelps were appointed as Rangers' administrators after the club plunged into insolvency in February 2012.

 

In May, a BBC Scotland investigation suggested that Mr Grier may have known that about the controversial Ticketus deal before the Whyte takeover was complete.

 

Mr Grier, and Duff and Phelps, denied the claims and said he was unaware of this particular Ticketus deal until August 2011.

 

Last week, in a BBC interview, Mr Whyte said that "everybody who was involved in the deal team at the time knew about" the Ticketus deal.

 

He added: "They (Duff and Phelps) knew everything, they attended meetings, they were copied into all the emails, they were there on the day of completion. They knew from the start."

 

That claim prompted Rangers' joint administrator Paul Clark, of Duff and Phelps, to respond: "The allegations against the administrators, who are officers of the court, are false, malicious and without foundation.

 

"In addition, as administrators, we instigated legal proceedings against Mr Whyte's solicitors (Collyer Bristow) in the High Court in London and those proceedings are centred round the very serious allegation that Mr Whyte was involved in a conspiracy which deprived Rangers of many millions of pounds.

 

"Our conduct of the Rangers administration has been the subject of intense public scrutiny and we are wholly satisfied it was carried out to the highest professional standards."

 

BBC Scotland has now received a secret recording that Mr Whyte says he made at a meeting between him and Mr Grier in a private members' club in London on 31 May, after its investigation was broadcast.

 

The recording, which is to be used in a forthcoming court case involving Duff and Phelps and Mr Whyte's former lawyers Collyer Bristow, has been obtained legitimately by BBC Scotland.

 

During the exchange, Mr Grier said: "I'll tell you what we're doing with that just so youâ?¦

 

Mr Whyte: "Yeah.

 

Mr Grier: "We, we went to see counsel yesterday and had a full sort of debrief of all the email correspondence.

 

Mr Whyte: "Yep.

 

Mr Grier: "Now, the fact is that we probably did know what was going on with Ticketus. There's no email traffic whatsoever.

 

Mr Whyte: "That says that you did?"

 

Mr Grier: "That says that we did.

 

Mr White: "But we all know that you did and f****** hell.

 

Mr Grier: "Yeah, yeah. There's noâ?¦we were not involved in dealing with Ticketus directly.

 

Mr Whyte: "Yeah. So you knew the structures of the deal. You were dealing with Lloyds.

 

Mr Grier: "Absolutely.

 

Mr Whyte: "And the Ticketus part was Saffreys.

 

Mr Grier "Yeah. So we've maintained that line quite rigorously."

 

BBC Scotland has been able to confirm with a voice recognition expert that the recording is of Mr Grier.

 

Duff and Phelps have yet to respond to the publication of the 31 May conversation.

 

Regarding previous allegations they said: "Our conduct of the Rangers administration has been the subject of intense public scrutiny and we are wholly satisfied it was carried out to the highest professional standards."

[the gunslinger 3,366]

d&p are in this up to their necks with whyte. its really that simple.

 

I hope the loose their licences and go bust.

[the gunslinger 3,366]

d&p are in this up to their necks with whyte. its really that simple.

 

I hope the loose their licences and go bust.

[kuznetsov 0]

what does this mean?

[simplythebest 0]

Would there not need to be some proof of Clark and Whitehouse knowing?

[the gunslinger 3,366]

Would there not need to be some proof of Clark and Whitehouse knowing?

 

d&p shouldn't have had the job. Clark and Whitehouse may well avoid jail but their company will be in bother because of grier.