Dozens of Rangers investors have been airbrushed from the club’s history which we all know is vitally important to the Ibrox fans. These were the doting parents that gave birth to the new Rangers last year and their dosh became the life-blood flowing through the infant’s previously blue body as it blinked for the first time in the light of day. Little did anyone think back then that Vampires would soon be perched on the dodgy stand roofs.
To deny the existence of the missing investors – a lot of whom prefer to be faceless right enough – is akin to the Rangers club telling the Bears that the Gallant Pioneers had never existed and had never formed The Rangers and like the records of their rowing club had disappeared without trace. So why are the Bears not revolting? A good question IMO.
And it’s not just shareholders that have been consigned to the dustbin of history but even club directors have begun to disappear into the ever increasing ‘black hole’ surrounding Ibrox as the inmates attempt to dig an escape tunnel as they aren’t as fleet of foot as Chuckles and want to slip away under cover of darkness. Continue reading
Charles Green departed Ibrox not to the triumphal strains of Zadoc the Priest but to the more mournful tolling of the plague bell. Now the doors of the dead are about to be opened in a bid to cleanse and expose the shocking but hitherto hidden and mouldering secrets lurking in an empty warchest.
A key to unlocking many puzzling mysteries and ‘Bringing out the Deid’ into the cold light of day could be publication of the Annual Returns for both Sevco 5088 and Sevco Scotland both of which are well overdue and Companies House are duty bound to employ their sanitation hit squad asap.
I have dealt in detail with various issues concerning these companies as above but I feel it is worth going back to basics to try and understand the conflicting information distorted by smoke and mirrors. Hopefully others with statutory investigative powers will cut through the fog and set the record straight. In this piece, as previously, I will try to use official documents and recorded sources and keep speculation to a minimum although I have no doubt others will fill in the blanks. Continue reading
A desperate and long-running battle is being waged over control of Sevco 5088 Ltd which lies at the heart of the ‘WHO OWNS RANGERS’ riddle.
Attempts to send the company to an unmarked watery grave appear to have failed and the Registrar at Companies House has withdrawn documents from public scrutiny which attempted to remove two of the three directors controlling the company.
This story has enormous repercussions for the SFA and the future of Rangers; Ticketus; shareholders of Rangers International Football Club; a London court case next month; the BDO investigation into Rangers; the main players viz Charles Green, Craig Whyte and Aidan Earley.
Today’s Sunday Mail (though not yet online as far as I can see) solves the mystery over the “title deeds” to Ibrox and Murray Park. Brian Stockbridge, effectively the only Director of Rangers Football Club Ltd and, at least according to Companies House, the only executive Director of RIFC PLC, is pictured with the relevant Land Certificates. Land Certificates are what replaced “title deeds” in Scotland after 1979 – one neat document, including a plan, giving all of the relevant details about a property, including who owns it.
The “title deeds” prove that Ibrox and Murray Park are not owned by Craig Whyte, or Sevco 5088 Ltd or Worthington plc, or Mr Earley, or Mr Green, or even Mr Custard.
They will show either that the title is in the name of Sevco Scotland Ltd or Rangers Football Club Ltd. Those are in fact the same company, the name having changed on 31st July 2012.
The Land Certificate will not, I think, be in the name of RIFC PLC simply because it owns 100% of Rangers Football Club Ltd, and does not need directly to own the land and buildings.
So all is well – Mr John Brown can see the deeds and this proves that Mr Whyte has no claim!
Except it does not. Continue reading
As a preamble, it has not been made clear what the basis for the above report is. Undoubtedly Messrs Green and Ahmad will maintain, as they are entitled to do, that they are not guilty of any offence and in law they remain innocent men until a criminal court declares otherwise. There is a big difference between a report being made to the police or the SFO and such a report being accepted as credible and reliable. Even then, there remains some distance to go before evidence of criminality sufficient to mount a prosecution can be produced, and even then there is a further stretch to reaching the standard for a conviction in court. Most complaints to the police result in no action at all, as the matter falls at one of the above hurdles.
So, to end the preamble, accusations are not proof, and the reporting that such a report has been made should in no way be taken as a statement that the parties mentioned have done anything wrong. There is a long way from accusation to conviction, and my comments on the whole matter should not be taken as implying that there has been any wrongdoing by anyone.
Two Stock Market announcements today, which make it clear that all parties are very serious and that this issue is not going away any time soon.
First of all RIFC PLC came out in almost as “all guns blazing” a way which one can in a Stock Exchange announcement.
In light of the recent media speculation in relation to alleged claims which are purported to have been made by Craig Whyte, Aidan Earley, Law Financial Limited or Worthington Group plc in relation to the ownership or control of Sevco 5088 Limited (“Sevco 5088”), Rangers confirms that no legal claim has been received by Charles Green, Imran Ahmad or the Group. As none of the allegations that have been made in the press have been substantiated by evidence of any legally enforceable rights and as details of any claim, whilst threatened, have not been received, the company regards any such press commentary and speculation to be highly spurious. The Group has been and continues to receive legal advice to protect the business, assets and reputation of the company and its directors from such spurious claims. Continue reading