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Celtic Diary Monday July 24: Time To Disband The SMSM

Whilst one or two of us have criticised the Green Brigade for going perhaps a little too far with their banners , they are still part of our family, and like the errant child who spends his time playing with a box of matches and a packet of firelighters at the back of the supermarket, when he oversteps the mark, its our issue.

Not anyone elses.

Over on social media site “Twitter “, a group called disband The Green Brigade started to appeal for support, and managed to get a few names on their list. All of which were suspiciously from the other side of the city.

The Evening Times picked up on this and ran with the story-since removed-and along with rumours that Brendan Rodgers , one would be forgiven for thinking that some rather chubby fingers were pulling the strings on this one.

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Anyone would think that there was a big game this week. Especially as they ignored another pressure group, with several thousand followers, called “Strip The Titles ”

A game where the prize money would not only widen the chasm between Celtic and new pretenders “rangers “, but actually send Celtic so far ahead that they’d have to wait at the service station with the engine off for several years for their city rivals to catch up.

Of course, the media wouldn’t play any game that sought to unsettle the Celtic squad ahead of such a prestigious and important game, not only for the Scottish champions, but for the Scottish game as a whole…would they ?

Lets see, they’ve slaughtered the fans, dropped a chinese whisper about the manager…thank the lord they’ve not tried to get at our star man..

Oh, wait.

Marseille open talks with Celtic over Moussa Dembele – reports

As predictable as the rising sun in the morning, there they go .

Is there anything in it ?

Well, Marseille were in Glasgow for a friendly with another entity  who have covered themselves in shame due to their relaxed interpretation of footballs financial rules, and its entirely feasible that they may have “spoken ” to someone, which could constitute “talks “, but you know why I doubt it ?

Because its in the mainstream Scottish sports media, who lost any ounce  of credibility they had around five years ago with their piss poor coverage of the liquidation of Rangers.

And, of course, there’s a big game this week.

Can they not see how tiresome they are becoming ?

Can they not see how predictable it all is ?

Even if they are telling the truth..

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who is going to believe them ?

And on that basis, why are people still buying them ?

Mind you, maybe the fuss surrounding “bannergate ” serves as an adequate distraction from the latest episode in the long running Ibrox pantomime.

Todays Evening Times tells us… ( you don;t have to buy it-if there’s anything interesting in it, you’ll find it on the web )

Rangers saga in new twist as ‘oldcos’ stalk the club

IN another astonishing turn in the Rangers financial saga both the old company which owned the club and the new one in control are likely to face multi-million pound claims on their assets.

A London firm which buys litigation claims to pursue them through the courts has resurrected the company through which Craig Whyte bought Rangers, and also saved from being struck-off the one which Charles Green used to acquire the club after Whyte’s short and disastrous ownership. Both companies, Wavetower and Sevco 5088, believe they have legitimate claims on both liquidated funds and against the present club, reports our sister publication The Sunday Herald

Henderson & Jones describe themselves as expert litigators and insolvency professionals who purchase legal claims and endeavour to get money back to creditors by pursuing their legal claims. The two principals are Philip Henderson and Gwilym Jones. 

On June 20 Henderson & Jones were appointed directors of Wavetower (now renamed The Rangers FC Group). Eight days earlier they had joined the board of Sevco 5088. Wavetower had been struck off by the Registrar of Companies and Sevco was about to be. Less than a fortnight later they had completed the processes to secure both the companies on the register again.

They also joined the board of the associated company which was still trading, Law Financial, which Whyte founded. It holds a security over Sevco. Law, Sevco and Wavetower are ultimately owned by the Worthington Group which is now in liquidation.

Philip Henderson told the Sunday Herald that they were working with Worthington liquidators, Begbies Traynor, to “deal with and evaluate any claims the Worthington subsidiaries might have, or might be made against them. As part of that role we became a director of each of the Worthington subsidiaries”. 

He added that the company wanted to work with Rangers “oldco” liquidators, the accountancy firm BDO, “to help them get to a position where they can make a distribution to the unsecured creditors”.

Whyte bought Rangers for £1 in May 2011 from Sir David Murray. The vehicle he used was Wavetower. A little over a year later, and after Whyte ran out of cash, the Rangers collapse left thousands of unsecured creditors out of pocket, including 6,000 fans who bought £7.7m worth of debenture seats at Ibrox.

Wavetower’s claim is that it is a preferential creditor and should be head of the queue for cash, in front of the tax authorities, in the liquidation. Wavetower, Whyte’s then company, inherited a security over assets including Ibrox and Murray Park from Lloyds Banking Group after paying off Rangers £18m debt using future season ticket sales. The security was originally set up in 1999 because of Rangers ballooning debt. 

BDO have resisted the claim and in court documents argued that it was based on a fraudulent scheme. However Whyte’s acquittal on all charges would appear to bolster Wavetower’s entitlement claim.

Last year a judgment by Lord Doherty put off any decision on the rights and wrongs of the claim until the conclusion of Whyte’s fraud trial. Unless agreement can be reached this is likely to be tested in yet another Rangers court case.

BDO holds substantial liquidation funds, believed to be in excess of £30m, including £24m from the lawyers Collyer Bristow who acted for Whyte.

BDO will now also pursue more than 80 former players and staff, like Murray and former club captain Barry Ferguson, who benefited from an elaborate tax avoidance scheme – Employee Benefit Trusts, which the Supreme Court ruled were disguised salary payments. The recipients will be forced to pay back millions of pounds to the HMRC through BDO or face bankruptcy. It is believed that the Revenue has recovered more than £1bn from other of those schemes. 

Following Whyte’s calamitous ownership, in June 2012 Charles Green completed the purchase of Rangers’ assets for £5.5m through Sevco 5088. The new Sevco claim will centre on the ownership of Rangers and the transfer of assets, such as the Ibrox ground and the Auchenhowie training complex, by Green to another of his companies, Sevco Scotland, and the substantial upward revaluation of these assets.

Green was later ousted and subsequently replaced by South African businessman Dave King. The company is now called Rangers International Football Club PLC.

In filings at Companies House last month by Sevco 5088, the company claims it has investments of £15,700,000, with just £1 in the bank. In a note to the accounts, the directors state: “The company believes it has been the victim of fraud, and as such, the directors are not satisfied that they have all the accounting records of the company and these financial statements are therefore prepared on the basis of the accounting information that the directors do have.” 

One of the signatories is director Aidan Earley. Earley is a discharged bankrupt. In 2014 he was banned for five years from holding a directorship but in an rare move was allowed to remain as a director of Sevco. It is believed that this was connected to his battle over the ownership of Rangers.

The Sunday Herald contacted the liquidator BDO for comment about the Wavetower claim, without response.

Oh dear, looks like now that Whyte has been acquitted, he wants his quid back.

Yet all of this is old news…

Scotslawthoughts

Ecojohns piece from years ago outlines exactly what the issue is, and is more than worth a read if you want to understand what seems to be about to happen…

Caixinha the fall guy who forced Administration ?

Well, stranger things have happened…

 

But, as i said, there’s a big game this week.

Brendan rodgers may well use the press nonsense to keep attention away from his players while they plan the downfall of Rosenberg.

The Norwegians are not a side to take lightly, although there was good news when Etims Norwegian spy -remember him ?-told us that over the two legs, Celtic should be able to triumph.

Thats good enough for me, but don’t tell the players. We’re not at home to complacency.

Over the last week or so, you may have noticed different opinions between the guys who write on this site. which is what keeps us unique. After all, if we all agreed, there’d be nothing to discuss.

One thing we do agree on, however, is the Public Relations Office at Celtic leaves something to be desired. Like a Public Relations Office, for instance.

They’ve not come out of the last week or so with any distinction, and have failed to control some of the wilder stories circulating in the media, as outlined at the top of the page.

That may be why the manager has taken control of this aspect of the club.

If I were a reporter, I’d be looking to interview Liam Henderson about the tie with rosenberg. He was on loan there recently, and would have a fair to middling chance of enlightening the coaching staff on anything they needed to know.

So far, at least, the midfielder hasn’t been asked for his views. Everyone else has, including Ronny Deila, who has a record of helping Celtics opponents in these ties, from his days as manager.

Sorry, I can’t forgive him for playing that Berget fellow. Men who tie their hair up in a bun cannot be allowed any sort of responsibility, as they have proved they have absolutely no capacity for rational thinking.

So why not Henderson, why wouldn’t they ask the one man who might actually have something constructive to say ?

Easy really.

Brendan has put a block on it. Or at least it seems that way. The manager himself is too thorough to have not noticed the connection between the player and Rosenberg, so therefore he’s keepin it in house, which in turn suggests he is in total control.

Maybe thats what is upsetting the media, and maybe thats why they have used their own version of the Schlieffen Plan ( look it up-I had to ) to get at the club.

You may have noticed that apart from the compulsory press conference, the manager goes very quiet in the run up to these games.

Which is a welcome change.

You’ll notice if I’m right when the manager decides what the questions will be come the pre match presser, as they say in the trade.

Thats if the club don’t suddenly hire a PR man to make sure it doesn’t happen…

Oh, by the way…that Russell/Broadfoot thing. wait till the end of the week. I might have something for you…

And keep an eye out for a wee piece due from Keiron Prior-remember him ? The financial genius who didn;t invest in Ibrox..

In the meantime, don’t buy their papers, and don’t spend money on any of these..

 

Away from all that, Peo Gurdiola at Manchester city has said that the youngsters won’t be getting much game time at the Etihad..

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If anyone knows Patrick, or can get hold of Keiran , make sure he sees that.

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Yesterdays caption…

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Matt July 23, 2017 at 8:07 pm · Edit · Reply →

Polis publish picture of suspected genetically modified Professor Chicken demonstrating cruel Mackay-Steven smoking experiment 

today…please explain why Peter is so tickled ?

 

 

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ewanbhoy
6 years ago

i see today is the annul spfl meeting……should be a statement about what they will do about the tax cheats…….fuck all will be their answer

The cube
6 years ago

Caption:- What do you mean rangers are the same team

6 years ago
Reply to  The cube

The old Huns are going through liquidation as l write.
Your new Huns are five years old.
Suck on it Zombie.

6 years ago
Reply to  Jim Beer

Well that escalated quickly 🙂

Cortes
6 years ago

Caption: keep a straight face, FFS, Pete, here come the Res 12 guys.

Liftedinmoscow
6 years ago

Re the boycotting of sponsors the owner of Avia Signs who provide signage at Celtic Park as well for the SFA often posts the offensive BJK phrase on his Facebook messages. One of their employees was doing some work at Celtic Park which he described as ‘the piggery’ on fb.

Admin
6 years ago

6 years ago
Reply to  Desi Mond

You’ve lost me – which isn’t hard I’ll grant you! HH

Admin
6 years ago

its a radiohead reference, same as your piece

6 years ago
Reply to  Desi Mond

Now that is weird. The reason I titled the article that way was a wee nod to my son whose band had played their first gig last week. They played Creep.

The Cha
6 years ago
Reply to  Desi Mond

Desi in denial of his middle age spread and pretends to be down with the kids.

Joe
6 years ago
Reply to  The Cha

Down with the kids?! Radiohead’s first album was released 24 years ago!

The Cha
6 years ago
Reply to  Desi Mond

Good diary.

Personally I see the GB is more like antiestablishment rebellious young people but each to their own.

Good to see Ralph continuing to be knee deep in the sh1t of the MSM to keep us informed thus stopping the rest of us having to soil ourselves!

schoosh71
6 years ago

I’d imagine it the same expression every year when KPI’s are met and the ‘Bonus’ is assured. I’d think he good afford a good quality of rope, “just long enough for the GB to hang themselves”. HH

schoosh71
6 years ago
Reply to  schoosh71

*good – could. Original Skunk what can I say. 🙂

6 years ago

Caption: Pistol Pete overhears the lassie behind him tell her associate (in all seriousness) that “rangers” are GOING FOR 55… AGAIN!!

She somehow fails to understand Govan humour.

Boyne Bhoy
6 years ago

Laurel and Hardy on the Schlieffen Plan, That’s another fine Metz you’ve gotten me into’

Cartvale88
6 years ago

Caption
Beg is Traynor, I thought he was in train spotting!

So the laughs continue at Ibrokes

Martin67
6 years ago

Caption: Peter seems to be a fan of the mantra one up the bum no harm done.

Cartvale88
6 years ago

Sorry should have read
Begbie Traynor

Hate automatic corrections

portpower
6 years ago

Carn the 11 Holy of all and me.

Ya`re beauty Bhoys.HH

Look into that demon’s eyes.

Anon.

portpower
6 years ago

Sectional is,is.

O`dear.

The bhoy with mcgrain in his side
6 years ago

Caption:

After meeting with members of the green brigade Peter forgets to remove his acme electric hand buzzer.

portpower
6 years ago

Scottish crib. Brilliant.I`ll make you one.
you know,you`ve…

Snood
6 years ago

Hey Peter, the word on the street is that mob are so skint they won’t be able to put on their under soil heating come winter

Pl: al gie them a lenny ma driveway

portpower
6 years ago
Reply to  Snood

portpower
6 years ago
Reply to  portpower

This Lennon Bhoy if not your`se,he`s mine,my, mine Lurgan.

Did he not?

portpower
6 years ago
Reply to  portpower

portpower
6 years ago
Reply to  portpower

I still love that left footer,what`s his name Alan Thompson.

Beautiful to to see though I never got to see him.

Insane in the…it`s only a keeper to beat.

Puggy67
6 years ago

Caption: Peter’s come (for Dembele) face.

Honest Hoops
6 years ago

Caption; Ronnie Deluded is on the phone for you Pete, has a dossier on Rosen for Brendan…..

BroxburnBhoy
6 years ago

Finally the corporate raiders are coming after the oldco and newco. Now that Whyte was found to be innocent of fraud and the EBT scheme was found to be illegal, they are coming to kill the survival myth and claim the assets. Also as I suspected the Tax authorities will go after individuals who failed to pay their tax under EBTs. There is nothing that the SMSM can do about this, nor the SFA or SFPL. I’m looking forward to new court cases and the restatement that the oldco died in 2012.

BondiBrian
6 years ago
Reply to  BroxburnBhoy

Off topic a wee bit Broxburn, but only recently Ive learned a wee bit aboot Broxburn Shamrock, had you heard of them?

6 years ago
Reply to  BondiBrian

You going to cheers to watch the game Brian?

BondiBrian
6 years ago
Reply to  Iancelt67

Naw Ian. Guy fae ma local is watchin it at hame, so will go watch it there. Next time am in Cheers probably the sevco gemm.

portpower
6 years ago

Pat Higney
6 years ago

Caption:…..And then the clown said, ‘As far as were concerned, they only have 3 titles’

Monti
6 years ago

Caption: Celtic supporter asks Lawwell ” A football club will be formed for the maintenance of dinner tables, for the children & unemployed.
Do you believe in that, Peter “?

Matt
6 years ago

Peter Lawwell leads investors club members in chant of “OOO…AAAH..OP..E..RA”

Hail Hail

Matt

Puggy67
6 years ago
Monti
6 years ago
Reply to  Puggy67

Puggy,
Fuck him, hope he’s the first of many!

Puggy67
6 years ago
Reply to  Monti

I’d rather laugh at him but I take your point. Wee prick has 3k down the back of the couch tho

broxburnbhoy
6 years ago
Reply to  Puggy67

As predicted, watch out for more of these from former “Rangers” players.

Frank McGaaaarvey
6 years ago
Reply to  broxburnbhoy

I feel a charity match coming on to help the unfortunate and desperately needy. How about a Sevco vs Oldco legends game? Wait a minute, were they clubs or companies?

portpower
6 years ago

Who’s on the bench?

portpower
6 years ago
Reply to  portpower

Patrick Street
6 years ago

I hope that your mention of the Schliefffen plan is not bad Karma. Its failure led to four years of stalemate and hundreds of casualties on both sides!

portpower
6 years ago

CELTIC,who`s jipping the joint?

6 years ago

Caption:

Even Megan Fox can’t convince Peter Lawwell that the Rangers are coming…

portpower
6 years ago

Honestly,I think we`ll come second this season.

The real Anton Rogan
6 years ago

Caption: So Peter, it appears the GB banner looks like a Provo. Your plan to get rid of them and turn CP into a soulless corporate EPL type stadium is bearing fruit

Monti
6 years ago

Caption: ” Peter i’m going to read a quote back to you & i want you to give me your reaction …ok? Ready”?

” We try to be world class in everything we do “

portpower
6 years ago

Are we to be shadowed?

This first game of the season will show us all.

Thy Lafferty butterfly effect.

portpower
6 years ago
Reply to  portpower

Would,would should are they men in black.

Job description within Scottish soccer = Pansy.

6 years ago

Caption
Just shove it up a bit further love don’t mind the crowd I own the joint

portpower
6 years ago

Kenny has landed Khids.

portpower
6 years ago
Reply to  portpower

They`re to chip in for a bronze Murdoch McCoist.

sevco plimsoll bandage FC

portpower
6 years ago
Reply to  portpower

Puggy67
6 years ago

Caption: Man practices masonic handshake on himself to secure SFA promotion.

6 years ago

Avert your eyes ladies…
Caption : Burd – Can you smell prawns or coos puss Pete?

FredCDobbs
6 years ago

caption : Bird says. hey Peter have you read the GB’s “coming to power” speech.

broxburnbhoy
6 years ago

Caption: Somebody at E-tims just called for your sacking!

6 years ago

I have to say yer man Zidane has a genuine respect for what we represent at Celtic.
Very complimentary about the Club when it transpired Dembele was heading up the road and now giving the Ntcham move a big thumbs up too.
Players take notice of guys like Zidane and if he continues to speak of Celtic the way he has and is then it makes the Clubs job that bit easier in securing the services of decent young talent in future.
A big headbutt to the chest of our detractors l think 😉
Quality player god bless him.

portpower
6 years ago

Since 1989.

portpower
6 years ago
Reply to  portpower

60 pence up!

FredCDobbs
6 years ago

caption : Bird says. hey Peter Theres a delusional cunt on etims whos says the GB are the club not celtic

Monti
6 years ago
Reply to  FredCDobbs

Is that acceptable? Really?

FredCDobbs
6 years ago
Reply to  Monti

Acceptable if you dont ask permission first or are already aware that its against the rules

6 years ago

Caption : Just realised Pedro the GB have turned their banner the right way up by turning the Club upside doon

FredCDobbs
6 years ago

caption : Bird says. hey Peter Theres two sides to every story, the inside and the outside

bgbhoy
6 years ago

what is the catch with the update that ebts will be reviewed?

Bgbhoy
6 years ago
Reply to  bgbhoy

I knew there was a catch. Kid on that they are looking at it but the choice has been made. Move on for the good of the game. Bollocks

FredCDobbs
6 years ago

caption : Bird says. hey Peter The GB think they are going to get another chance to be banned

6 years ago
portpower
6 years ago

Rangers’ EBT ruling will be reviewed by SPFL, says Hibernian chairman Rod Petrie.

Yet Bampots are counting chickens.

portpower
6 years ago

Are we to expect a double bloo bluff?

portpower
6 years ago

If a new mob run the game honestly, does the Dr.get to pick some new curtains?

jimmybee
6 years ago

Heres a thing.
How can the board ban the GB from Celtic park for two games, yet allow them to purchase match tickets for away games. Im surprised the good people of sunderland havent been in contact for assurances from Peter. Peter you have banned your own fans from your own stadium, why you sending them to ours.Madness.

FredCDobbs
6 years ago
Reply to  jimmybee

I dont think they are banned for 2 games. Reading the letter they got the ban looks indefinite and it does say no away games neither, see point 2.

http://www.scotsman.com/sport/football/teams/celtic/celtic-issue-suspension-to-all-fans-in-green-brigade-section-1-4512643

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