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Big Rangers Administration/Liquidation Thread - All chat here!


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Jim Traynor's next statement will be fun. Mind his tear stained rant after his emails with Whyte got leaked? <br /><br />

Probably read something like this,

In the next couple of weeks Charles Green will slip away from Rangers football club and not matter how he dresses it up he never saved Rangers football club as he would like us to believe.That was me when I was at the Daily Record with my never ending campaign that Rangers were always as I always have said from day one are the same football club and don't forget to vote for me in as CEO.

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Jim Traynor's next statement will be fun. Mind his tear stained rant after his emails with Whyte got leaked? <br /><br />

It'll be more like a resignation rant as he gets in before the new puppetmasters sack him.

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Jim Traynor's next statement will be fun. Mind his tear stained rant after his emails with Whyte got leaked? <br /><br />

I can't understand why he's been so quiet since he finally "came out" and took up residence at Snake Mountain. Other than some firefighting which has only served to pour petrol on the flames, he's been awfy shy for a man whose job is to promote the public image of his employers. I mean, we know you can't polish a turd, but Jabba doesn't even appear to have made any effort to find the glitter.

Just seems odd, that's all.

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It'll be more like a resignation rant as he gets in before the new puppetmasters sack him.

Looking forward to his "Exclusive" telling us he was deep under cover to expose the misdeeds of Murray/Whyte/Green and was "doing it for the fans, who, clearly, deserve better" :lol: Edited by GreenockRover
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So. Can we take Charlie standing down to mean that Craigy Whyte still owns the assets, or just that he's very embarrassed about his weirdo race comments?

I mean, up until this point, I'd assumed that Whyte's claim on Rangers was vexatious and fraudulent.

This is where quantum club/company theory gets complicated. The greatest brians in the Rangers ministry of misinformation are trying to figure out the solution as we speak.

If the club is now The Rangers Football Club Ltd (Sevco Scotland) as that is where the SFA licence and registration reside.

Craig Whyte is trying to claim ownership, or part ownership of the assets. The titles were bought as an asset by Green. If CW does own part of the assets does this mean he will own a percentage of the titles? Will Rangers be stripped of more or less titles by CW that the SPL were planning to take?

Whyte can't touch the club, he may get his hands on his share of the assets.

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So. Can we take Charlie standing down to mean that Craigy Whyte still owns the assets, or just that he's very embarrassed about his weirdo race comments?

I mean, up until this point, I'd assumed that Whyte's claim on Rangers was vexatious and fraudulent.

whats the legal beagles view on it?

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whats the legal beagles view on it?

Rangers chief Charles Green quits over fresh links to disgraced Craig Whyte

20 Apr 2013 07:26

GREEN stepped down as chief executive yesterday after the club launched a probe into his involvement with Whyte following a series of revelations.

Rangers-owner-Charles-Green-meets-fans-oRangers owner Charles Green has quit

SNS

CHARLES Green has quit Rangers after being confronted over his links to Craig Whyte.

The chief executive stepped down yesterday after the club launched a probe into his involvement with Whyte.

Green has admitted colluding with the shamed ex-owner to buy Gers. But we can reveal the Ibrox board have been made aware of more links between the two.

Green had also sparked outrage by using a racist term about colleague and pal Imran Ahmad.

Green said last night: “Recent events have undoubtedly been a distraction for both myself and all involved with Rangers and I feel that it is appropriate that I step down so that the club can continue to progress back to where it belongs at the pinnacle of Scottish football.”

Green – who led the consortium who purchased the assets of the liquidated Rangers FC plc in June – is the subject of an independent investigation, commissioned by the board, following claims of covert dealings with Whyte.

Green confirmed Whyte’s allegation that they colluded to buy the club from administrators Duff & Phelps but claimed he was just stringing Whyte along in order to “shaft” him later.

But club chiefs have been made aware of more links between them

The board are examining evidence that one of Whyte’s business partners and a major player behind his attempts to reclaim control of Rangers is connected to the company behind Green’s takeover.

Lancashire businessman Joe Dwek – a long-time associate of Whyte – stands to pocket a fortune if disgraced Whyte is successful in his legal attempts to prove that he still owns the Ibrox club.

Dwek has an 11.6 per cent stake in Worthington Group plc, who confirmed to the Stock Exchange on Wednesday that they had agreed to help fund Whyte’s proposed courtroom battle.

Worthington Group are so confident of raking in a fortune that they have an option to buy Whyte out for £1million – and then split whatever’s left of Rangers’ cash and assets with the man who plunged the club into liquidation last year.

Rangers--Craig-Whyte-Charles-Green.jpgA probe has been launched into links between Craig Whyte and Charles Green

PA/SNS

However, Dwek is also a business mentor to Zeus Capital founder Richard Hughes, who snapped up more than two million shares in Gers in December after engineering Green’s buyout. The Record has learned that the Rangers board are now aware of an interview in which Hughes refers to Dwek as “one of the most impressive people I’ve ever met”.

In 2005, Hughes told website Insider Media Ltd: “You can only look after someone like him if you’re keeping him happy and making him money.”

He added: “He’s intellectually demanding and forces me to think in new ways … now we take his counsel because we’ve got a solid platform to build on.”

News of links between Green and Whyte will come as no surprise to Record readers. Back in May, we revealed another connection.

In 2000, Green struck a £30million “tax efficient investment” deal with finance giants Close Brothers through his own financial services company, Kingsbridge Holdings. Last year, Whyte sold £2million of future earnings from matchday catering at Ibrox to Close Brothers to pay for the lease of kitchen equipment.

There is another link between Close Brothers and Whyte. One of the board members of Close

Brothers is Ray Greenshields, who is also chairman of Octopus VCT3, who own Ticketus.

Whyte funded his takeover of Rangers by selling off future season tickets to Ticketus.

Earlier this month, Whyte threatened legal action to prove he still has ownership over Rangers’ assets and released recordings of conversations he had with Green and commercial director Ahmad.

As well as Gers’ probe, the SFA are conducting an investigation of their own into Green.

A statement from Rangers last night said: “Whilst Mr Green strenuously denies any wrongdoing, he has recognised that this negative publicity is a distraction and is detracting from the achievements and reputation of the club.

“As a result, Mr Green has informed the board that he will leave his post with immediate effect and leave the company, following an orderly handover, by the end of May. The board has commenced the search for a new chief executive.”

Rangers chairman Malcolm Murray added: “Charles Green was instrumental in helping to secure financial stability for the club. The impact he had in turning the club around from the dark days of last summer will never be forgotten.”

Last night, senior Ibrox figures were attempting to determine the extent of the links between Dwek and the men who helped place Green and sidekicks Ahmad and money man Brian Stockbridge into power.

Green’s takeover consortium were heavily backed by Manchester’s Zeus Capital. Ahmad and Stockbridge gave up directorships with the finance firm to team up with Green.

The third Zeus man is founder and director Hughes, who has a 6.8 per cent stake in Rangers and is regarded by many as the key man behind Green’s successful bid to buy the club’s assets for £5.5million. Last year, he became embroiled in a criminal investigation after HMRC launched probes into tax schemes sold by Hughes.

Rangers are determined to discover why Dwek – one of Hughes’s closest allies – has now joined Whyte’s camp.

The Rangers board held an emergency meeting at Murray Park on Saturday after Green confirmed Whyte’s claims.

Former manager Walter Smith has been infuriated by Green’s conduct and that of Ahmad and Stockbridge and has thrown his weight firmly behind Murray’s stance. Smith may even have resigned from the board had Murray failed to win approval for the probe.

Green is understood to have retreated to France on holiday.

But a power struggle still rages inside Ibrox as Murray attempts to pull together the men he believes should spearhead the investigation, against fierce resistance from Ahmad and Stockbridge, who want to appoint their own team of experts to act as judge and jury.

Murray is confident of winning through and hopes to announce who is heading the commission soon.

Ahmad has also raised suspicions by closely courting controversial bus tycoon Sandy Easdale, a convicted criminal who has served time for VAT fraud. And, as the civil war continues, Whyte has been in London pointing his own guns towards the club he claimed to love – and recruiting Dwek as back up.

Dwek’s Worthington Group have purchased 26 per cent of Law Financial Ltd – a new company Whyte has

set up ahead of his anticipated courtroom battle. In the announcement made to the Stock Exchange on Wednesday, it

was stated that among Law Finacial’s subsidiaries are Sevco 5088 Ltd, the company at the centre of the dispute between Whyte and Green.

Whyte and long-term accomplice Aiden Earley are also shareholders in Worthington and they’ve insisted the company’s cash fund the litigation against the current Ibrox regime.

Worthington say their own legal experts have advised that the club have “a prima facie case to answer”.

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I can't understand why he's been so quiet since he finally "came out" and took up residence at Snake Mountain. Other than some firefighting which has only served to pour petrol on the flames, he's been awfy shy for a man whose job is to promote the public image of his employers. I mean, we know you can't polish a turd, but Jabba doesn't even appear to have made any effort to find the glitter.

Just seems odd, that's all.

What do you think his role is?

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whats the legal beagles view on it?

Ruff, like two dogs fighting over a bone...

Eta my new best friend.... post-23278-0-15895900-1366449406.png

Edited by wunfellaff
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What do you think his role is?

No idea what his role is, but his Job Title is Director of Communications.

One would have thought his duties would include communicating the positives at rangers, as well as attempting to communicate that things aren't really that shady.

His performance so far has been to deflect and deny, with a wee bit of whataboutery mixed in.

Hang on, are you a wee bit bitter that you didn't get the gig? :lol:

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