der Berliner 4,279 Posted December 18, 2016 Share Posted December 18, 2016 Are people with a criminal record and/or being chased because of fraud and tax dodging able to do business - such as these - in Scotland? 0 Quote Link to post Share on other sites More sharing options...
Uilleam 6,617 Posted December 18, 2016 Share Posted December 18, 2016 Duff and Phelps gave exclusivity to Sevco 5088's bid. They then sold to sevco Scotland I am unsure that this is 100% correct. My understanding is that Sevco 5088 was the preferred bidder, but that it assigned or gave its rights, to purchase, to Sevco Scotland. Chas Green was the key player in the transaction. 0 Quote Link to post Share on other sites More sharing options...
pete 2,547 Posted December 18, 2016 Share Posted December 18, 2016 I am unsure that this is 100% correct. My understanding is that Sevco 5088 was the preferred bidder, but that it assigned or gave its rights, to purchase, to Sevco Scotland. Chas Green was the key player in the transaction. Once it was in the hands of Sevco Scotland, Green humped Whyte and threw him out in the ditch. Valour amongst thieves was ousted for material gain. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 4,279 Posted December 18, 2016 Share Posted December 18, 2016 BTW, could this have been written in "response" to the article that Worthington's chase for money has been slashed in recent weeks? As said in the BDO update? From FF Despite the articles suggestion that Worthington have claims against, amongst other, Rangers Oldco, I think I'd rather believe the latest BDO update, which advises Creditors that the claim has reduced from circa £25m to around £3.5m and then, more recently, has not been followed up within the specified timescales and so may no longer be valid at all. BDO await further legal advice. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted December 18, 2016 Share Posted December 18, 2016 I am unsure that this is 100% correct. My understanding is that Sevco 5088 was the preferred bidder, but that it assigned or gave its rights, to purchase, to Sevco Scotland. Chas Green was the key player in the transaction. Yeah think your right. So they agreed to sell to5088 then didn't. They broke the exclusivity agreement. That's why I think they have a case. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted December 18, 2016 Share Posted December 18, 2016 BTW, could this have been written in "response" to the article that Worthington's chase for money has been slashed in recent weeks? As said in the BDO update? From FF That's different. That's about creditor status. This is about an illegal sale to sevco Scotland. Well partly. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted December 18, 2016 Share Posted December 18, 2016 Are people with a criminal record and/or being chased because of fraud and tax dodging able to do business - such as these - in Scotland? Sure of course. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 4,279 Posted December 18, 2016 Share Posted December 18, 2016 Yeah think your right. So they agreed to sell to5088 then didn't. They broke the exclusivity agreement. That's why I think they have a case. Still remains to be seen how real and exclusive this agreement was. You would assume that Green, D&P and Co. were just as smart doing this as was Whyte. At the end of the day, some judge will decide while we are left wondering and guessing. 0 Quote Link to post Share on other sites More sharing options...
Uilleam 6,617 Posted December 18, 2016 Share Posted December 18, 2016 Yeah think your right. So they agreed to sell to5088 then didn't. They broke the exclusivity agreement. That's why I think they have a case. The machinations are Machiavellian, but I think that Green, as Director, possibly sole Director, of Sevco5088 was able to assign the bid (for want of a better description) to Sevco Scotland, of which he was also a Director. The rationale at the time was explained/justified as having as the owning Company one registered in Scotland, and under The Law of Scotland. The fact that this disenfranchised Whyte (and others) may be taken as coincidental, by the naive. Nanker & Phelge would argue that they merely implemented the wish of the purchaser. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted December 18, 2016 Share Posted December 18, 2016 The machinations are Machiavellian, but I think that Green, as Director, possibly sole Director, of Sevco5088 was able to assign the bid (for want of a better description) to Sevco Scotland, of which he was also a Director. The rationale at the time was explained/justified as having as the owning Company one registered in Scotland, and under The Law of Scotland. The fact that this disenfranchised Whyte (and others) may be taken as coincidental, by the naive. Nanker & Phelge would argue that they merely implemented the wish of the purchaser. May fall down on the basis Whyte was a director. 0 Quote Link to post Share on other sites More sharing options...
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