Merlin’s Thoughts On Charles Green Situation

MerlinHere at the RSL we have obtained a reputation for being supporters of what could loosely be termed the “Green Regime” at Ibrox. In light of today’s news – that Charles Green is likely to face charges over his running of the club –  this might appear to be a black mark against our name as a fan group.

People who think so should perhaps re-examine their viewpoint – for very good reasons.

Firstly, there was a time when Sir David Murray could do very little wrong in the eyes of the Ibrox support. To say during the SDM glory years that he would ruin the club was to invite derision and even the threat of violence from fellow fans.

Then he sold to Craig Whyte, claiming he was “duped” by the man with wealth off the radar. After involving the club in an EBT fiasco which is still rumbling on to this day.

Whyte was given unqualified support from the vast part of the Rangers fan base before he plunged the club into its darkest days.

Then there is Big Chuck himself. It is ironic that many of those who are crying out for his crucifixion were the same ones hailing him as the messiah when he lifted Rangers from the ashes of the SDM/Whyte aftermath. He was famously given life membership of the Rangers Supporters Trust and was so popular in the bluenose-supporting sector of the media (yes, there is one!) that one very prominent football journalist was so enthused he moonlighted as a cheerleader for the IPO. Another, of course, joined the Green Revolution as media czar at Ibrox.

My own reputation as a supporter of Charles Green is not one I will deny but I would like to point out that I came very late to the game. In fact. I was seen as a sourpuss because I didn’t buy in amidst all the euphoria. Truth is, I was sceptical of Green and his consortium for quite some time and was engaged in serious activity trying to find evidence to incriminate them. I found nothing and through time came to believe that it was time to get behind the regime.

Now I am a Rangers supporter which for me includes being loyal and committed. so when eventually I accepted that my own conspiratorial suspicions wrre just that, I resolved to plunge in and help support the Green regime.

Then the boardroom wars happened and the rest is history. I am on the record for saying that I opposed those who sought to oust the previous regime begun under Charles Green because I didn’t approve of the underhand way they went about things. For me – and many others – it wasn’t and isn’t the Rangers way. I stand by that.

Of course, myself and my colleagues here at the RSL have been abused, vilified and lied about in a carefully orchestrated PR campaign. This only proves the validity of what we have been saying. If people need to resort to such underhand and unpresbyterian methods, there is something far wrong. Nonetheless, we remain Rangers supporters – certainly of the team which right now is an absolute delight to behold – and even of the regime, albeit with the right to criticise what we see as its shortcomings.

Those shortcomings are many, even if picking Mark Warburton was a genius stroke. In fact, Warburton’s blazing success so far has only helped to put those shortcomings very much in the background.

The simple truth is that football is a murky business. I have first-hand experience and knowledge of this. It doesn’t attract a lot of choirboys in terms of the people who run clubs as a business. That is part of life and one I can live with. Nevertheless, it is important to have ideals, even if you are aware that they won’t materialise overnight. And also there is the realistic side of things to be dealt with. For example, fans say they want complete transparency but few could handle this. And some things that could be made public would only harm clubs, including share prices. Some things should be kept private and even secret so full transparency is a big red herring and not one you would want to eat.

Boardroom shenanigans have always gone on at football clubs, Rangers being no exception. The plight of Rangers in recent years has helped to develop an obsession in some fans who feel it is their duty to scrutinise and micro-manage the minutiae of all the club’s business dealings. This desire to forensically pore over every aspect of the fiscals has also been cynically inculcated in supporters by those seeking power. Funnily enough, the amateur accountancy craze is now discouraged, having been replaced with a “Trust us, we’re Rangers men” mantra.

As I write, it is unknown what Charles Green will actually be charged with. The actual charges may be a matter of not following legal protocols in relation to corporate law or something far more serious. It may even imperil the corporate status of the newco Green set up, which would have very obvious and extremely serious repercussions for the present board. We can only speculate at this point and that holds its own dangers.

The situation with Charles Green at present actually vindicates us here in the RSL because our desire at all times was to have a club where the highest possible standards of integrity were maintained. Our dislike of and opposition to what could now broadly be called the Kingco coalition was because we did not think these people were acting in a way that befitted the club and fell far short of the required standards. The conduct of some associated with the Kingco cause was frankly disgraceful and brought shame upon the club, including their treatment of fans who disagreed with them.

This is not to say that the Green Regime which could then be called the Easdale Regime in the chronology of events was without fault. Far from it. But our thinking in the RSL was very simple – we support the club as it is. Honest readers of our blogs will see that there was no small amount of criticism directed at the board at this time on these pages, especially from Ninjaman. Our opinion is still that Sandy Easdale made some mistakes while at the club but in general did a great job under very trying circumstances. His treatment by some is disgraceful. But to say that the RSL blindly supported the previous board is to take giant steps away from reality.

There is no point going over old ground. We are where we are. That is our outlook here at the RSL. Our thinking has not changed in that we reserve the right to be committed supporters but to be able to voice concerns and criticise. An honest regime will not be fazed by this. Only people with something to hide would wage smear campaigns and engage in dirty PR to safeguard their interests.

If today’s events teach us anything, it is the need for vigilance AND the ability to question. Taking Rangers’ directors word for things is no longer acceptable. For this reason we at the RSL strongly believe in a fully independent fan board which can question and probe the board – with real teeth. This should not be a fan group but an independent body – something akin to the ill-fated RFB but with more firepower at its disposal and not susceptible to fan group control.

The bottom line is that this latest twist to the Rangers saga highlights more than ever the need for transparency and accountability in the running of our football club. Blind faith and trust in those who steward Rangers is crazy, given what is transpiring before our eyes.

As for Charles Green, I count him as a friend. I hope he proves himself innocent of all and any charges. Should he be found guilty, he will have to pay the piper. But the lesson is clear: if you are not squeaky clean running Rangers, then you should have a squeaky bum. If, of course, the authorities are doing their job.

One other thing. Unlike others who will be reading this most avidly, I have never been employed by Charles Green or received shares to write for the club or propagate its views.

You can buy my opinion but you cannot pay me to write yours and pretend it’s mine. Charles Green knew this as did everybody else in the previous regime. And that is why everyone who knows me – including my own father contrary to some deliberately misleading reports – finds the notion of me being paid to prostitute my pen for any Rangers board laughable.

If you read my blogs here on RSL you will get the views of a Rangers supporter. You might not like or agree with them but they are honestly held. That is what the RSL is all about.

So – if you want reasonable transparency from any Rangers board…

Join the RSL.

76 thoughts on “Merlin’s Thoughts On Charles Green Situation

  1. The prosecution have asked for more time than the normal 14 days to prepare their case. If they are not prepared why did they initiate court proceedings at this time?.
    I looks to me like just a lot of noise. BUT WHY.??

    1. This is a complex case. Paul Kavanagh, representing Whyte, claims that he has 100,000 pages in support of his client. It would be fair to assume that many of these are transcripts of telephone conversations, some of which many have heard when they were anonymously released via an account called Charlotte Fakes. Legal action by RIFC effectively put an end to these leaks.
      There are two parts to the process. Do they have enough evidence to charge Messrs Green, Whyte,Whitehouse and Clark? They evidently did as all four were charged and bound over. They then have to satisfy The Procurator Fiscal, who will have to commit £m to prosecute. In the circumstances, an extension should not have surprised anyone.

  2. Bill I will make my post short, I believe these current events are going to open Pandora’s box and its not going to be very pleasant and once open may never be able to be closed again, real scary stuff for our beloved club.

    WWH.

    1. Agreed, my friend. Sadly some are celebrating like this is good news.

  3. Just been looking at some photos from today’s proceedings, there is a photo of Chuck being escorted by the police , guess who is in the photo between chuck an the police officer, none other than the head of SOS. any chance of getting his mug in the papers and he is there, its a wonder he did not get asked for a quote, or did he

    1. I’m sure Craig’s ‘Superiors’ will have told him to get in and about the action to demonise Chuck Green…..there must be something about big Chuck that they don’t like ?

      SS

      1. The delay he caused them, maybe

        1. It’s looking decidedly like it, Bill.

  4. For someone to be accused and charged of a crime, there must first be a complainant to do the accusing and sufficient evidence to bring the charges. The important questions here are— Who was the complainant? and what is the evidence? and the even more important question is why? who will benefit if the acquisition of all Rangers assets was fraudulent ? I know for certain Rangers and true Rangers supporters certainly won’t. There were no true Rangers supporters outside that court today no not one!

    1. Groovy,
      All that were there were just thugs and exactly same ones we saw causing trouble outside Ibrox and intimidating and attacking staff in Edmiston House.Rent a mob right enough seems too be their motto and total disgrace too say their fans reps.Saw the FACE bawling his mouth of in two photos as well.

    2. It is not true that there must be a complianant. The Police (although in this case probably the National Crime Agency) has very wide ranging powers and can decide to commence an investigation if it believes a crime has or is in the process of been committed whether there is a complainant or not. In the public interest and under natural justice.

      1. We are talking about people who have been charged of committing a crime here, not merely an investigation into whether a crime has been committed or not.

    3. Most likely BDO – given they investigate the actions of the administrator and can recommend police enquiries.

  5. I have read this elsewhere Apparently company law states that Shares / assets sold as shares etc won’t be returned to original owner but any guilty parties can be sued by original owners ?

    Others will be better versed in this than I am but this is what I suggested may happen in an earlier post and seems logical . Given who previous owner may be or in what entity it may look like. this scenario seems reasonable !

  6. From The Blue Room September 2, 2015 — 4:59 pm

    Bill, I’m with you, it’ll be painful watching this but I feel the business needs to go through this one more time following the legal chain of events to get to the bottom of what actually happened regarding Craig Whyte acquisition of Rangers FC PLC, how it was funded, who and what due diligence occurred and ultimately who does own the assets should there be provable fraud in the buying process between Whyte and his associates including SDM contribution.

    I would also add that it has never been clear to me why the tax due that allegedly led to administration etc was allowed to remain unpaid whilst HMRC and the SFA stood back and watched and when fully visible the SFA did nothing to help a member club especially the most successful revenue generating club Scotland has ever had.

    I do understand your position and considered Charles Green as having not only produced the finances that saved Rangers FC PLC which owned Rangers FC the football club from certain death, let’s remember that the “Blue Knights” couldn’t raise or wouldn’t raise the necessary deposit even at the eleventh hour when there was a very good opportunity to do so to buy Rangers FC PLC.

    Where were all these alleged mega-rich “Rangers men” at this moment?

    Whatever Charles Green did and how he achieved it may now come out in the wash but not for one minute would I deride him or find fault with him since without his involvement in my view Rangers FC the football club would not exist.

    I might be wrong but having met him once inside Ibrox on a match day when he visited each stand, shook hands and talked to the supporters I saw here was someone that would not only run the club as it should have been run for many years but also an individual who would stand up for Rangers FC in their hour of need and going forward.

    It was Charles Green who took on the cSFA inside Hampden and told them under no circumstances would Rangers FC give up titles and cups as the cSFA 5 point plan expected as the only option to remaining in the SPL. This rejection of their attempt to reduce Rangers FC to rubble was behind the decision to start again in the lower divisions something I 100% agreed with and still do.

    Let’s also remember that Charles Green gave Ally McCoist a free hand to administer a signing policy that required multi-millions to be spent on players that only Ally McCoist recommended, as I’ve commented before, Ally had an open cheque book courtesy of Charles Green and his board and those who replaced him and his board members until Kingco arrived in March with no money.

    If Ally McCoist had had Kingco at the helm there is no doubt he would NOT have received the same level of the huge financial support afforded to him by Charles Green and yet Charles Green is portrayed as the bad guy and Kingco the saviour.

    Without Charles Green there would be no Rangers FC the football club and if he is eventually found to have broken the law in some fashion prior to and during his tenure then so be it but I will always be grateful to him for saving Rangers FC the football club, it’s unbroken 140+ years history, its’ world record league titles and assortment of cups including a European trophy in 1972.

    Without Charles Green these would all have been at risk with a very good chance of disappearing altogether permanently.

    So should guilt of some kind be established fair enough they are all big boys but lets not forget the debt all real Rangers supporters owe to Charles Green for his role in ensuring Rangers FC the football club could and will continue for another 140+ years.

    That’s Charles Green’s legacy, what is Ally McCoist’s and ultimately what’s Kingco’s?

    History will decide how these various groups and individuals will be remembered but one thing is guaranteed The Rangers will go on!

    Rangers FC 1872 & RSL – One Team, Our Team

    1. Superb stuff as per

    2. Fantastic stuff !
      Top notch.
      WATP

    3. FTBR

      All very well in that he gave us all hope BUT he had an endgame and that was Charlie Green

      He had the opportunity to do things in a different way(a la Fergus) but he wanted the quick buck

      No sympathies from me for this man if he goes down

      However it would be good to get to the bottom of where the money went(apart from a Chateau in Normandy)

      I can see your point though and would liken it in some ways to the David Murray era where I had the best times of my life watching the Rangers but built on lies

      Would I change that era?

      1. Big presumptions in that post

  7. I really hope Green is not guilty of this as the ramifications could be far reaching , he did put up the assets on the IPO which raised some £20 + million meaning we all thought we were buying shares in Rangers F.C and be part owners of it and all it’s assets, the scenarios are frightening as the previous owner was Whyte who by all accounts did not buy club fraudulently but did get ticketus money this way by not declaring a directorship ban , we can only hope this will rule his ownership out .

    This leaves Sir David Murray or the BDO , regardless of what happens when we entered the AIM I am sure it stated the following :

    ” Upon admission, Rangers International Football Club plc will acquire The Rangers Football Club Limited on the basis of a one for one share exchange and after admission Rangers International Football Club plc will be the holding company for the group ”

    http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/new-and-recent-issues/new-recent-issue-details.html?issueId=8816

    This to me means that Green at the time owned the assets and they were sold as shares so whoever the shareholders are now they own the assets ! Unfortunately if Green did get the assets via fraud then it goes back to SDM or the BDO unless Whyte does have a claim.

    This to me seems to also suggest that there may not be an oldco to go back to if the shares of RFC limited went to RIFC Limited exchanged on a one for one basis, oldco will be just a name now and not a corporate entity , although others may enlighten better than I can .

    All very confusing and as I said at the start I hope Green is innocent and although all those may shout and protest at the court today and shout at him about were’s oor money they need to think about things logically and ask what this means for our club , the current boards silence is deafening on this issue .

    1. Sadly, it takes a brain to work out how damaging this could be for Rangers and many have checked theirs in because “the fitba’s cracking man.”

      1. Even if found guilty I feel they may still allow the sale to go ahead , as the Holding company would have been sold regardless plus it may not serve the public interest, as justice is about getting the guilty man ! Plus finding out ownership may take years of court battles , or we may find Whyte and Green only committed fraud to each other, I may not be a King fan but I hope Green is innocent and I will hold as such until he is judged by a jury of his peers , this means all current shareholders are OK and the status quo remains !

    2. Alan

      You raise a number of good points as do others, and if my comment in any way answer one or more of the many questions it will have served its purpose. There is a comment about who made the complaint to Police Scotland. Who have lost most in this imbroglio? HMRC, Ticketus and Dave King are the biggest financial losers. Since King was executing a tax evasion strategy and HMRC continue to litigate against Rangers 2012 c/o BDO, only one of these three is likely. However many seem to have forgotten the £24m payment by Collyer Bristow, who acted for Craig Whyte, to the liquidation estate in late November of last year and the arrest of Whitehouse, Clark, Grier and Withey. The significance of yesterday’s charges would not be lost on Messrs Grier and Withey who will almost certainly be called as witnesses should the Procurator Fiscal accept that Police Scotland can secure convictions should the matter now proceed to trial. We should be mindful that career progression in the police service is often predicated on successful high profile prosecutions.

      The fact that Collyer Bristow accepted that they were negligent when acting for Craig Whyte would suggest that Mr Whyte has a case to answer.

      Amid the brouhaha after bail proceedings and the disgraceful behaviour of Mr Houston (when will he accept the responsibilities of his unofficial office) was the charge under section 190 of the 2006 Companies Act. This section deals with the acquisition of non-cash assets such as Ibrox and Auchenhowie and specifically prohibits any director from acquiring non-cash assets without a resolution from his board of directors or executive committee. Mr Green has been charged with this offence and since his comments on this matter are in the public domain it may be fair to conclude that he might have not been authorized to acquire any assets via the corporate vehicle Sevco Scotland, which was later renamed The Rangers Football Club plc.

      Those who have asked why King and his shyster board have not made a comment on this should be reminded that King and his CFO, Iain Gregory Morris, were co-defendants on racketeering charges (organised crime). There were allegations that Mr King liaised with an underworld figure at this time and that it may have not been a coincidence that only three of fifty-two witnesses for the Crown Prosecution Service actually attended the hearing. Solicitors acting for King argued that their client had no case to answer due to the absence of these witnesses and that transcripts of their testimony should not be admissible.

      Compared to King, Charles Green is a paragon of corporate rectitude.

      Alan in regard to your point as to Mr Green’s innocence, I refer you to the alleged transgression of the Companies Act. Constructing a case will be relatively simple, and although it could be regarded as only a ‘specimen’ charge, any guilt in this area could have much more comprehensive repercussions. The decision of the Procurator Fiscal may well be predicated on the expectation of a conviction on this charge.

      It’s also important to note that no date has been set aside for trial and that the Procurator Fiscal’s office is the gatekeeper.

      The immediate implication of yesterday’s arrests is that there is no possibility of a listing on ISDX. The question of title on assets has yet to be resolved and the deficit, that I estimate as £10.5m, will not be raised by King’s co-investors unless they are willing to participate in an over the counter equity release. Now, ordinarily, no investor in their right mind would invest in shares prior to title being established. The fact that Craig Houston is on record that he would invest should surprise no-one. There is also little question that King’s proxies, the RST and Rangers First, would not hesitate to throw good money after bad should the opportunity present itself.

      I anticipate an announcement from our pro bono Vice Chairman that the listing on ISDX has been indefinitely postponed due to unforeseen circumstances. I have no doubt that yesterday’s situation will be spun to their advantage. There will also be more rhetoric about how lucky we are to have Real Rangers Men on the board and a chairman who managed to avoid conviction on racketeering charges.

      I don’t anticipate the SFA reacting to yesterday’s charges. If convictions ensue I’m sure they will apply similar sanctions to Mr Green as were applied to Mr Whyte, but this will be the usual exercise in futility as their fines can be ignored in the manner that you could avoid a fine from your local golf club if you failed to replace the pin or rake the sand traps.

      Mr Whyte was banned from being a director, yet the SFA embraced him with open arms. King came with 41 criminal convictions and the same hollow promise of investment, and yet again Regan saw fit to accept him despite his all singing all dancing fail of article 10.1 of their membership rules.

      Mr Green would not have failed. He had a turbulent tenure at Sheffield as he enriched himself from an IPO with the promise of Premiership Football to his co-investors. The fact that he simultaneously was selling their best players led to complaints from their manager, who was promptly replaced with Nigel Spackman. Mr Green followed the same modus operandi at Rangers, replacing the lure of The EPL with that of The Champions League.

      Mr Green knew how to run a football club and how to raise much needed investment via an IPO. Those who are quick to condemn him should realize that they would not have a club to follow if it were not for his involvement. Was he in it to make a profit? Of course, no-one would put themselves through the ardour of restructuring our club on a pro bono basis. Those who believe Paul Murray and John Gilligan are volunteering their time to RIFC should take a good look at the accounts to 30/6/16.

      1. JJ: Not really answered much there ? What is company laws stance on this i have read elsewhere sale will stand people get jailed and original owner of shares / assets can sue those convicted , is this the case ?

        1. Alan

          I’m exercising extreme caution in expressing an opinion on this topic. I trust you understand why. If it can be proven that Whyte and Green colluded to acquire the club , receive funds from Ticketus, pay off Lloyds and then call in the receivers to avoid Ticketus debt and other obligations that currently total £78.6m (+£18m fees) to revert to a company where Whyte & Green would benefit, then a custodial sentence would be likely.

          If the assets have been fraudulently acquired by Mr Green, title would revert to BDO as the assets would legally be held by RFC plc, renamed Rangers 2012. If this scenario should arise, BDO could petition the court of session for the return of these assets. A peremptory claim could also be made by SDM, but this would be highly unlikely as the last thing he would want would be to profit from their subterfuge. SDM wants to steer well clear of this matter.

          Prior to this Sports Direct Retail Ltd, if they envisaged the possibility of a successful BDO petition, would call in the receivers to attempt to ring-fence the assets to preclude any petition by BDO.

          I hope this answers your question. There are two potential predators if title is in dispute. Of the two, I would prefer SD as they would be motivated to maintain the club as a going concern. If title reverted to BDO, it would be the nightmare scenario as their focus would be to dispose of the assets at the highest price to any buyer.

          The idea that the club can retain stolen goods and continue as is would be contrary to basic precepts in tort. I’ll give you a real life example. One of our former players bought a sports car at a fraction of its book value. It transpired that the car was stolen. The car reverted to the insurers who had paid out to the owner of the stolen car and was sold at auction once released from the police pound. No individual or company would be allowed to retain stolen goods.

          1. Is there a potential third predator…. Law Financial Limited (‘LFL’) – LFL is a 100% owned subsidiary of Worthington Group Limited. Who are chasing BDO for some of the £25m BDO have secured…?

            1. I am in possession of the latest BDO letter in regard to this matter. I can reproduce this on request. Everyone knows that a Craig Whyte controlled corporate vehicle has a peremptory floating charge of £25m on the old club. This is only relevant to the unsecured creditors, such as King, but of little relevance to RIFC/TRFCL.

          2. It is your opinion that there were obligations of £78.6m + £18m fees. I am not going to ask where you got or for proof of these figures you state. Surely if the assets had been fraudulently acquired by Green,they would be legally held by Whyte. I thought the charges brought this week were about Green acquiring Rangers assets from the adminastrators in 2012 and have nothing to do with SDM.What if that car you talk about wasn’t insured???

            1. These figures were issued by BDO and are in the public domain. In regard to your second point if the trading assets were acquired by fraudulent means they would revert to RFC plc/Rangers 2012 Ltd, which is being liquidated by BDO. As soon as any company initiates liquidation proceedings, the former directors relinquish titles. Whyte is a secured creditor, but does not own assets. The car in question was insured by the original owner of the car, from whom it was stolen.

  8. Hi Bill. What happens if its found that the fraud being addressed by the authorities, is the manufactured scenario by Whyte, D&P and Green to purchase RFC out of admin? Regardless of what other offers were on the table.

    1. Gigantic repercussions. If found guilty of fraud, then “sale” to Greenco could be invalid. This would mean the BIG question is: Who owns the assets? Possible reversion to pre-Whyte state which would mean very likely BDO as appointed receivers.

      1. It was Whyte who called in the Administrators. If he didn’t, legally, own the club he had no legal right to do that. Even if the Administrators have been above board in their dealings (and the police are wrong) they have dealt with the business and assets of a company that belonged to someone other than the party that called them in. The same would apply to BDO.
        I would expect BDO or representatives of the owners of oldco to apply, to the High Court to have liquidation proceedings suspended, or halted in the event of these charges being upheld. The club, all other business and the assets shold be returned to the legal owners who might have been defrauded in the original sale.
        If a fraudster steals your car then sells it on, either to an innocent party or an accomplice of the fraudster, the car belongs toyou. It will be returned to you by the courts when court proceedings are ended.

        1. Which would mean present regime do not own or control RFC – the nightmare scenario

          1. Perhaps not. I doubt that the SFA would take any action against the club, or oldco if the club is returned to them. It would be a blatant case of kicking the living daylights out of a victim of crime.
            I know, I know. It wouldn’t be the first time they have laid into us for nothing. Branding us cheats and financial dopers etc.
            But this time it would be a clear attack on a victim of crime. I doubt that they’d try that. I doubt that they want their past actions, or lack thereof, on matters of due diligence, aired in open court. Besides I think that Rangers would cream them if they dared to do anything that would cause Rangers to sue them.
            In fact, I think that Rangers would receive sympathetic treatment from UEFA and the SFA over this matter.

            It would also render all contracts null and void so the club would get back it’s retail powers. All who have lost money, including oldco, since any fraudulent sale to Whyte, would have to seek redress from the guilty parties in any fraud that might have occurred. That, I believe, would apply to HMRC seeking the ‘wee tax case’ money. The vast bulk of that was accumulated under Whyte’s possibly, fraudulent tenure.
            It will be a dogs breakfast trying to sort everything out for all parties. The risk is that the courts will decide that they can’t ‘unscramble the egg, so to speak.
            However complicated it might be for a lot of parties, including present shareholders, the position of the club looks pretty straight forward to me.
            If it was taken fraudulently, it gets returned.
            As for Murray, if he gets the club back. He better do the right thing by those who have bought shares in the present company. I can’t imagine he’d not do that. His reputation is shot as it is. He’d probably relish the opportunity to try and redeem himself.
            I know it can seem precarious at the moment and, obviously, there will be more to come out that could further complicate matters. At this point, I don’t think we should be overly concerned.

            1. Blue specs on full there

              1. Don’t know about the specs Merlin, but William,s eyes must be painted on!

    2. In reality the damage could be done by this point, no matter the outcome for pressed charges. A not guilty verdict would mean the issue would be allowed to settle in most parts of the world, but for Charles Green and others time will tell. Green walking away a free man with a clean nose could make the legitimacy of any persons’ involvement with Rangers subsequent to Green’s involvement questionable. Who dares wins.

      Predicted outcome: guilty of minor offences, administrative or otherwise.

    3. Let me add, could make the legitimacy of any persons’ involvement with Rangers subsequent to Green’s involvement questionable in the wider sense, for all stakeholders. Boards appointed to appease fans will have been appointed under false pretences, the fans being ill-informed. For the shareholders this would certainly have been disruptive so lawsuits could be on the horizon. I don’t envisage Green ever becoming the darling of the Rangers support again whatever happens. If the problems Rangers are presently having come to the surface however, any fan schism will become more bitter. There is no reason to celebrate these arrests if you are a true Rangers supporter.

      1. There is no reason to celebrate these arrests if you are a true Rangers supporter.

        AMEN

  9. Bill

    The current focus is the allegedly fraudulent acquisition of Rangers FC plc, not at this point, anything that may have occurred during Mr Green’s tenure. The most surprising reaction is from the King acolytes who are so ill-informed that they believe that Green stopped their Messiah from taking the reins earlier. Allow me to disabuse them of that notion. King’s money and assets had been sequestrated by the South African Revenue Service. He also had to relinquish his passport. He was not in a position to acquire Rangers. I realize that our vice chairman Paul Murray, who has no wealth and no shares and is apparently working pro bono, hitched his wagon to several attempts to gain a seat on the board, but these failed. We then had King’s ST escrow account concept to use our ST money to force himself on the board. Are these individuals incapable of realizing that this is a dark day for Rangers?

    Having followed the narrative for the past three years and the leaks of information on the Charlotte Fakes twitter account, there are recordings that, if accurate and more importantly admissible in court, point to the possibility of fraud. However it is not that clear cut hence the fact that there have been three arrests, The transcripts of Craig Whytes recordings run to 100,000 pages. It will probably be a protracted hearing that will not be listed until next year.

    As I see it, the real problem that this leads to is the question of who was the rightful owner of the assets acquired by Mr Green. Were Sevco Scotland, later The Rangers Football Club plc, the rightful owner of these assets? Were they acquired by fraudulent means?

    These are the questions that should concern all Rangers fans. The point scoring by King acolytes is beyond the pale.

    1. The fact Gers fans are rejoicing about this is stupefying. This has mega serious ramifications for RFC.

      1. Bill,

        What possible outcomes – good and bad – do you envisage from these latest developments ?

        SS

        1. Good outcome is getting to bottom of Whyte takeover. Otherwise ramifications could potentially be very dire.

          1. You mean dire in terms of Whyte still having a say regards ownership of assets ?

            1. Yes or the assets being in dispute and present company’s validity in question.

              1. Would make the perfect scenario to move stadium then…….?

              2. Bill

                Ninjaman and I have been communicating on Twitter. I was, for once, being reticent about how this may play out. I will exercise similar caution with this comment. Mr Clark has now joined the three others assisting police with their inquiries. The police can only hold anyone for a maximum of 24 hours without charge. Once charged they can be held in police custody and then escorted to court the following day, excluding weekends and bank holidays. Most reporters therefore expect a court appearance today when bail will be set. The fact that Charles Green is domiciled in France should not be an issue as he’s not a flight risk, but he may have to surrender his passport and return to France using short term consular documents.

                There is informed speculation of alleged malfeasance by Mr Whyte in some of his correspondence when acquiring RFC plc. Prima facie evidence of this exists, but he has already been charged with this. The current situation is therefore the alleged conspiracy of three or all four of the protagonists to acquire the assets of RFC plc at the lowest possible price. A stadium and Auchenhowie sports academy for £1.5m. The arrests suggest that events could have been pre-planned and coordinated so as to acquire the assets via Sevco 5088, where Mr Green and Mr Whyte were both directors. Then there is the sudden change to Sevco Scotland, as, in my opinion Mr Green wanted to appear to keep Mr Whyte at arm’s length. There was, in my informed opinion, never any desire to buy the club as a going concern as the debts of £78.6m had to be jettisoned.

                Proving that there was a conspiracy to defraud the creditors, shareholders (who owned 16%) and debenture holders is the crux of the matter. If Mr Whyte & Mr Green colluded, aided and abetted by Mr Clark and Mr Whitehouse, we could be looking at custodial sentences for all four.

                As for the assets acquired by Mr Green, ordinarily they would revert to their previous owner. But in this situation, if malfeasance is proven against Mr Whyte in the procurement from SDM and the what followed was a conspiracy, a possibility could exist where SDM was given title as the acquisition by Sevco Scotland/The Rangers Football Club would not revert to the administrators, nor Green (TRFCL) nor Whyte if all four were convicted.

                If The Rangers Football Club Ltd was created by a fraudulent conspiracy, then the SFA would be in an invidious position. The status of the club as a member would be in jeopardy. Then there is the matter of the £5m warranty on the assets by Sports Direct Retail Ltd.

                Those who cannot see the implications of these arrests may be in for a rude awakening.

              3. ‘If The Rangers Football Club Ltd was created by a fraudulent conspiracy, then the SFA would be in an invidious position. The status of the club as a member would be in jeopardy…….’

                JJ,
                You are saying that the SFA would unfairly discriminate against Rangers FC when it has been under an enforced process of fraud by various parties.
                Really ?

                SS

              4. It comes down to directorial responsibility, Soapy.

              5. You mean by SDM ?

              6. I mean that club directors have a responsibility to ensure they are in compliance with corporate law. Breaches of corporate law can result in SFA sanctions. You can’t always play the victim card by claiming we were defrauded or deceived or duped. Directors have a responsibility to carry out due diligence to prevent being victims. In other words, if you turn a blind eye to corporate malfeasance or are negligent in ensuring against it, you share culpability.

              7. Bill,

                And this would seem to be the point of juxtaposition in this whole sorry mess. On one side we have, as you say, the actions and decisions of the Directors of NewCo as set against the legitimacy of shareholders of OldCo pursuing litigation for fraud and/or the action and decisions of SDM’s time.

                Who are constants in both sceanrios ?

                SS

              8. Not quite sure which point you attribute the question marks, Bill.

                Regards the constants, i’m making an observation that Mini-Me and King are now in place and were so before SDM sold for a pound. A nice convenient point in the affairs for these arrests to come about possibly ?

              9. You mean Mini-Me and King are the warm-up acts?

              10. Or maybe the new ‘preferred’ owners if SDM can’t be bothered taking the club forward, if it was to come to that after the court cases and possible trials.

        2. Can’t see a stadium move after this as any downsizing when we are going to be having sell outs every other week is throwing profit away for Mr King .

          I would bet as the holding company would have been sold regardless then they will get charged for fraud but the sale could stand as the fraud was not committed by any current shareholder , but to previous owner whoever that may be and maybe even Mr Green , Whyte etc may pay back money to possibly the BDO ?

          1. Actually, full stadiums dramatically increase the costs of staging games which, with reduced Championship ticket prices, doesn’t help. Good for revenue but not as profitable as you would imagine.

            1. Prices have went up everywhere,so I am pretty sure they are making a profit match day if not overall in every other area !

  10. Just remember, being charged and or accused of a crime is not being guilty of committing a crime. These men will walk out that court tomorrow, they will not be found guilty of anything.
    There is one strange fact in this ongoing fuckn mess. Why is the only constant throughout these troubled times never been questioned by the police, the guy who has worked with Whyte,Green,Whitehouse, and everybody else involved with the club since David Murray passed it on for a quid in 2011, or maybe he has been questioned and that’s the problem!

  11. Bill

    I feel your pain and share the sorrow of what seems to be unfolding today. I, like you was sceptical when Green took over and I, like you, bought in to his ideals and path forward for the club reluctantly. He was exactly what we needed when we were at death’s door…. whether any charges will relate to that or any other misdemeanour only time will tell.

    I agree with you 100% that we should NEVER take what our incumbent board say and accept all they tell us…. and demand when they do not tell us. This is true NOW and true for the future. The warnings have come and gone…. its time we all ask ask ask and demand answers…. it is not acceptable to pertain to be transparent but have NO right of reply to any questions asked… a fan board sounds like a fantastic idea but too many agenda’s still exist within our ranks for it to be as independent as it needs to be…. perhaps we will grow up a bit and these things will become a reality.

    One thing I will put out there is…. Let this be a warning….. we need to do it better and do it cleaner than anyone else…so if there are skeletons in the Gummy Bears/Kingco camp… they need to be addressed NOW by us… not at Her Majesty’s pleasure or when the rancid SM are short of a story.

    I hope Police Scotland are as tenacious in finding the truth when it comes to the leaking of documents, the lies and propaganda and the misreporting of all things Rangers when we were in the throes of Admin…. oh and I hope as tenacious when the truth finally comes out from the East end.

    Chin up Bill, those of us who have followed your blog a number of years know you say and do from the heart, many of us on here are the same and why we buy into what you have started here…. if it turns out Chuck has been underhanded in some of his dealings….I am sure you will be first to hold your hand up and condemn his actions…. but unless they have changed the law in this country a man is Innocent until proof of guilt is passed… but trial by media has almost taken over so my guess is the usual suspects will be hanging him out to dry as we speak… rancid to the core.

    GSTQ

  12. The days are gone and hopefully dont return where Rangers fans n supporters turned on each other because of different views or who n what board they supported,our heads are all clear from the hyped-up propoganda and we are now talking FOOTBALL with the masses returning to ibrox in support of the team who are a joy to watch and in a small way the board who are going about their business in a quiet way
    Which has resulted in the msm also a bit quieter so all i have to say is good riddance to whyte green and whoever else is or may get knuckles wrapped cos lets be honest nobody will go to jail no matter how deserving it may be onwards n upwards RFC

    1. Liam ; The football side may be great and all that but unfortunately our chairman has lied to the support in regard to a NOMAD entry to the ISDX and most importantly of all funding .

      If we are not given his promised £30 million sooner rather than later it may come back to bite us on the arse. firmly believe given how nefarious certain fan groups were and still are against other fans then harmony won’t happen anytime soon.

      Not as long as fake RFC stuff is on sale with no proof of were the money is going and as long as those who so vociferously slaughtered previous regimes refuse to scrutinize fairly any incumbents at ibrox no matter who they may be NOW . The fans are being short changed and yet the self proclaimed guardians of all things Rangers like SoS and others are conspicuous by there silence , despite promising to be vigilant with all and sundry , no matter who they are, who happen to running our club.

      They have failed Rangers and there followers

    2. Sorry Liam I don’t agree with your assessment that the days of fans being at each others throats are over. It has been consigned to the” not allowed to discuss” basket by the very people who were acting on behalf of Kingco and who are now at pains to disallow any examination of the current Board. The emergence of the phantom blogger is living proof of that assertion. The narrative on Forums and in Social Media is concentrate on the football and let the Board get on with their job. Any questions regarding King are immediately dismissed as being “tim behaviour” and for a very simple reason. They have no answer to the catalogue of lies and broken promises visited upon fans. We are all enjoying the brand of football on the Park right now but to ignore the shortcomings of King and Murray and not question them is inviting more of the same disasters we have had to deal with in recent years. The RSL is one Forum where differing opinion is allowed and in fact welcomed. No Board should ever again be given the free reign enjoyed by some and ignoring the very real problems sitting on the horizon that remain unanswered is a ticking time bomb.

    3. Liam,

      I can’t quite get whether you are a dreamer or a shill…….am leaning towards the latter at the moment.

      SS

  13. Duped by Murray

    Duped by Whyte

    Duped by Green

    Currently being duped by GASL King

    Will we never learn?

    1. Should also add

      Many(unfortunately too many) duped by some of the fans groups leaders

      1. jimw2,
        The likes of RangersFirst/BuyRangers and of course RST should all be DEMANDING answers from king and co instead of following all his lies blindly.Or are they so stupid they can’t see through his lies for the mist he enshrouds them in.If they get answers form him they should pass them on too people who support them too.

        1. You see it on the forums. Charlie. Many have switched off and want to concentrate on the football. Look how well that has served us in the past…

  14. Seems a media negative has to be sought from the on field positives.Can’t have The Rangers spoiling any tainted title winning clubs news now can we ?

  15. I will be extremely disappointed if King does not come out with a clear and concise statement regarding today’s bombshell news.
    Let me make myself clear, by that I mean nothing legally untoward, but a clear, strong statement of intent, telling everyone to calm down. Leadership please, and NOT point scoring.
    WATP

  16. Hi Bill,
    Spot on as usual and thinking back to when Green went out too ticket office to meet the Fans, he at that time was our Savior and Leader.All Gers fans were delighted with him then so lets not forget these days.Just hope there is nothing he can get charged with but with David Whitehouse now been arrested and charged too appear in Court tomorrow things don’t look too bright.

    With team doing so well just now you would think king would come out and say how well their doing but NO all he will be thinking is of the money that Fans are putting into club.That will save him putting his family inheritance into club now although I never thought he would as all he is is a Glib and shameless liar as told by SA Judge!!!

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