It is funny how some things seem very simple, yet become very complicated. One such example is that of Dave King, or, with a tip of the hat to TH White, “the once and future Dave King”.
Other people, including Phil Mac Giolla Bhain and Andy Muirhead at Scotzine have written about the position of Mr King as regards the SFA “fit and proper person” test. For what it is worth I would not expect Mr King to have any problems from the SFA with being classed as “fit and proper”.
There is also more to be written about how his position would affect his chances of being appointed to the present PLC Board.
But for now I wanted to look at one of the issues which is fundamental to both of those matters – does Mr King actually have any criminal convictions from his dealings with the South African Revenue Service? You would have thought that was a simple question – either one has a conviction or one does not.
But the Scottish media, perhaps being “spun” by interested parties, have come up with a range of answers. Continue reading
Back in the ancient past (2010) when first stories started to appear about the tax issues faced by the Murray International –owned Rangers, and on into 2011 when the Rangers Tax Case blog first saw the light of day, stories about the financial, legal and regulatory aspects of Rangers Football Club appeared every couple of weeks.
RTC could post a blog explaining about the ongoing tax sage, and know that there might only be a need, and even material, for another two or three posts that month.
As time went on the pace of news and developments quickened.
Now we are at the stage where hardly an hour goes past without some new legal issue arising, or some further stage in the fight for control of the assets and business of the Rangers Football Club. All of that means that even professional news organisations sometimes either miss stories completely, or do not have the time for detailed analysis, as something new happens and the original report is overtaken by events. And if it is hard for a professional new operation, how much more difficult for a lone individual who does this as a hobby! Continue reading
David Leggat has shown by his insight into the internal affairs of Rangers that he still has a fine nose for a scoop.
He spotted the apparent flaws in Mr Green at an early stage, repeatedly calling him a snake-oil salesman. And even though, as the year progressed, he became one of the biggest cheerleaders for Mr Green and his consortium, he could be excused for having been led into misjudging the soon-to-be former Director.
It would be unfair to hold his change of mind against him, and in fact I am sure he would be quick to claim that he had been right about Mr Green from the start.
Yesterday too he indicated his prescience, pointing out that he had used his contacts to find out about and publicise the freezing of season ticket prices well in advance of the official announcement from Rangers.
As a man with his finger on the pulse, it is clear that he is privy to thoughts inside Ibrox. Continue reading
We exclusively reveal today the link between Rangers and a man accused of bringing down an Indonesian Bank which sent shockwaves through the Far Eastern country and also pointed a finger of corruption at high-ranking politicians and police officers. The ultimate cost of the Capital Bank collapse has been estimated at $US700 million.
OK get your seat belt on, sit back with a can of Irn Bru for the hangover and I will transport youse to the mysterious world of the Orient whose banking and financial dealings makes Libor Rigging look like a kindergarten game. I’m doing product placement with the Irn Bru to help the SFL3 sponsor out btw 🙂
The ‘Great Game’ rivals blockbuster movies for exciting action as does the twists and turns of the Monte Carlo Rally where Bears can be spotted twitching at the sight of the Lesser-Breasted Whyte Crow – a highly exotic and wily bird which occasionally pays a flying visit to Scotland where it nests in castles. In the meantime, the veils of the Orient need lifting.
After being forced to flee Indonesia, Rafat Ali Rizvi who could face the death penalty, headed for the safe haven of Singapore which has no extradition treaty with Indonesia. He was soon ensconced as chairman of Tembusu Investments Limited – a Bermudan registered company based in Singapore which operates mainly in Singapore and Mongolia.
According to Indonesia’s Attorney General’s Office, Mr Rizvi and his colleague Mr Warraq stashed $1.4bn of distressed debt securities that the bank was holding for liquidity in accounts around the world. Mr Rizvi claims he is the victim of “a xenophobic campaign to put the blame for the collapse onto the bank’s foreign owners”. Continue reading