Shameful Shennanigins..In The Blue Room !!!!

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Sevco

New court case
The Ashley loan
Possibility of them returning

No new yr would be complete without having a giggle at sevco it’s early January and the pantomime has already begun , first we had there feeble attempt at saying they had payed off the Ashley loan , does paying off a debt with more debt not mean your still in debt , in the real world that’s the way I perceive things , but here we have Kings sevco claiming they are now debt free , laughable but heh it’s a new yr so let the comedy cavalcade that is sevco begin….

Warburton has been promised a war chest to build his squad that lets be honest currently has 2 players of premier league quality, so if indeed the poison returns to top flight football nxt season it will take more than a new yr war chest to put them on par with even Hamilton or Patrick thistle , there dream of a return to the big boys table will be short lived …

Alough if from experience they decide to go all out to chase Scotland’s no 1 team Celtic , they will find some dastardly deed to raise the dosh only to be cast aside again someday after exuberant spending , leopards don’t change there spots and like Rangers fc 1872-2012 wee sevco will no doubt follow big bigot brothers rfc to oblivion ……

The latest case in the Whyte and green saga is now being heard at court and it’s one of many court cases to be heard this year , 2012 was a great yr and we have seen the parasite suffer ever since , 4 yrs on in February the black stain on them remains , it ain’t going away , every fan in scotland hates them in fact world football knows there crimes , A constant embarrassment to the Scottish game , if only the 2 monkeys in charge at the sfa had more of a backbone and the Scottish media had any scruples there would have been more severe, punishment and condemnation of the old Rangers fc …….

but sadly the loyalist figurehead had to be protected , yes there a shell of what they once were but there still lurking around like a cockroach, the sain people among us know that they are a completely new entity and we will treat them as such , but the deluded hacks , sfa lackies , aging radio pundits And loyalist keyboard warriors try to keep the dream alive , like a rabid pack of wolves they scowl and scorn there way through life feeding the frenzied loyalist hoardes tales of grandure …..

2016 is going to be very interesting the outcome of all the legal cases against rangers 1872-2012 should be disclosed , for us the ice cream and jelly hasent melted , the eggs Benedict hasent went off and the green straws removed from ibrox back in 2011 have found a decent home , all that’s left to do is wish sevco a happy and prosperous new yr Hh

Below is the list of charges which is a public document available to view , it’s is quite shocking …

CW – Whyte, GW – Withey, DG – Grier, DW – Whitehouse, PC – Paul Clark, CG – Green, IA Ahmad

Substance of the charges: 1. CW, GW, DG, DW, PC conspired to obtain funds by fraud from Jerome, Merchant and Ticketus to fund the fraudulent purchase of the club (offence was aggravated) • CW & GW obtained £2,825,000 by fraud from the trustees of the Jerome Pension Fund • CW & GW obtained £1,000,00 by fraud from Merchant Turnaround PLC • CW, GW & DG made false representations to Rangers Independent committee about the funding of the purchase • CW & GW obtained £24,337,094 by fraud from Ticketus • CW & GW made false representations to the Takeover panel re the funding • CW failed to disclose a disqualification as a director • CW & GW made false representation to the PLUS stock exchange re CW’s disqualification • CW, GW & DG made false representations to Murray Holdings Ltd re funding of the purchase and the future funding of the club including the wee tax case (£2,800,000) and an H&S liability (£1,700,000)

1. CW & GW contravened the proceeds of crime act using the £28,262,094 obtained by fraud when purchasing the club

2. DG, DW & PC failed to report suspicions of Money Laundering by CW & GW using “Financial Assistance” to purchase the club, contrary to the proceeds of crime act

3. CW, GW, DG, DW, PC did conspire together to act as in Charge 1

4. CW & GW breached the Companies Act by using the clubs own money to fund the acquisition (Financial Assistance”

5. CW & GW committed fraud by failing to disclose CW’s disqualification to the SFA

6. CW & DG committed fraud by falsely submitting invoices for £253,800 to Rangers which should have been submitted to Liberty Capital.

7. CW & DG committed fraud by falsely submitting invoices for £409,320 to Rangers which should have been submitted to Liberty Capital.

8. CW & DG committed fraud by falsely submitting invoices for £66,120 to Rangers which should have been submitted to Liberty Capital.

9. CW, GW, DG, DW & PC conspired to defraud creditors, including non-payment of taxes and while they ran the club in order to facilitate CW in buying back the club debt free, which was in breach of the Companies Act

10. DW & PC perverted the course of justice when stating to Lord Hodge that they were unaware of the Ticketus arrangements

11. CW, GW, DW, PC, CG & IA conspired to defraud creditors by purchasing the club’s business and assets significantly below market value. • CW, DW & PC sought to put the club in administration• Caused the court to appoint DW & PC as administrators • DW & PC falsely pretended to act in the interests of all creditors • CG falsely presented himself as an independent purchaser • DW & PC pretended that the purpose of administration was to get the best return for creditors • CW acquired Sevco 5088 of which CG was appointed director• CG received £25,000 from CW to pay legal fees related to Sevco 5088 • CG paid the legal fees with the £25,000 • IA paid the administrators DW & PC £200,000 as an exclusivity fee • DW & PC granted Sevco 5088 exclusivity to the exclusion of other prospective purchasers • CW paid £137,000 into IA’s mother’s account as part payment of the exclusivity fee • DW & PC completed a sale and purchase agreement with CG on behalf of both Sevco 5088 and Sevco Scotland for a price of £5,500,000, significantly below market value. • DW & PC falsely advised creditors that SPL prize money was reflected in the consideration paid for the assets, but the sale and purchase agreement reflected a “nil” consideration • Permitted the transfer of £291,823.10 from Rangers Youth Development to help fund the purchase of assets

12. CW, GW, DW, PC, CG & IA participated in a conspiracy to purchase the business and assets of the club depriving creditors of the rightful sums due to them and the material benefit going to themselves

13. CW and IA defrauded investors in Sevco 5088 and RIFC, acquiring money and shares by fraud and to increase the value of their shares in RIFC • CW pretended he had no interest in Sevco 5088• Induced investors to put £5,500,000 into Sevco 5088 • CG caused the change of exclusivity from Sevco 5088 to Sevco Scotland without proper approval • CG did appropriate the £5,500,000 invested in Sevco 5088 by fraud without the investors knowledge or agreement • CG & IA allotted themselves 2,000,000 shares • CG & IA changed the name of Sevco Scotland to The Rangers Football Club • CG & IA appointed Cenkos as a nomad but failed to advise them of the source of funding through Sevco 5088 • CG & IA thereby raised £21,000,000 in the IPO by fraud

14. CW failed to provide police with mobile phone and laptop passwords, when requested, in breach of the Regulation of Investigatory Powers Act by police contrary to the Regulation of Investigatory Powers Act.