"As well as their own chief executive and finance director, Celtic can also rely on the backing of other major powerbrokers in Scottish football, including Hibernian kingpin, Rod Petrie, Dundee United owner and chairman, Stephen Thomson and Aberdeen chief executive Duncan Fraser". No mention of George Peat? "And that lack of someone who had built alliances over many years in the palaces of power may just be what cost Rangers any help from the SPL in the spring of 2008, something which may also have cost Rangers the UEFA Cup and the SPL crown". "Any Help"? Rewriting history on the hoof. Leggo really is a paranoid wreck of a man.
Yes SET, a convenient rewriting of history although to be fair to Leggo he doesn't *overtly* state that the SFA *refused to help* the filth. I'd love to ask him about Manchester because obviously there would be a conspiracy there to discredit the huns also. TV screens made in Eire maybe???:O) Dig the avatar BTW.
Leggo really does blow a hole in the Rangers mantra of "no one likes us, we don't care." He is ****ing magic. BTW at the court of session. Was the judge called Seamus Finbar O'Flaherty by any chance? No? He will be by the time tomorrow's piss stained diatribe is rolled out.
I wonder what his blog will be tomorrow. Which taig is getting the blame for this? Or will it be another deflectory attack on Odious Creep?
The height of immaturity for me is referring to another person by a slur nickname, rather than their proper name.
The banks fault again He is also talking nonsense about Minty coming back in and taking charge, that's as likely as me taking over.
Whose word would you take, Leggo's or this guy? Scottish Television (STV) has joined the long list of mainstream media organisations humiliated by Rangerstaxcase.com. Last night, STV carried a story that reported that Sir David Murray has a buyback clause in the agreement that sold Rangers FC. The story claims: “Murray… …inserted a clause in the purchase sale agreement allowing him to regain ownership under “certain circumstances””. The story went on to quote former Rangers Chairman Alastair Johnston as saying: “There is some recourse that could allow Sir David Murray to buy the club back.” It is a sensational story that would leave any reader with the impression that Murray International Holdings Ltd’s recent request for clarification on how Rangers were being funded was part of a larger plan. Rescue from the clutches of the seemingly hapless (or ruthless) Craig Whyte might be at hand. The problem is that the story is not true. The contract between Murray and Whyte’s organisations contains no such provision. To be fair to STV, they are just reporting what they have been told. However, this latest gaffe goes to the heart of the media problem in Scotland. There does not appear to be a point where the media learns its lessons. There is no capacity for improvement. No voice that says: we have been misled by people from this organisation so often in the past that we need to get corroboration before we publish anything more. Alastair Johnston, you will recall, artfully created the impression for Rangers’ supporters and shareholders that the payment of the tax bills that are now crushing their club would be the responsibility of the parent company. His words then were carefully chosen to avoid actually lying, but his intended audience seemed in little doubt at the time as to what they thought he meant. Either Mr. Johnston has been misrepresented by STV or he appears to be trying to gain an advantage in the battle to oust Whyte by misleading Rangers’ supporters. The contract to sell Rangers to Whyte, called the Share Purchase Agreement (SPA) does include some recourse in the event that Whyte fails to fulfill key promises. However, there is nothing in the agreement that says anything about The Seller (Murray MHL Ltd) being able to retake or repurchase the club. There are a number of provisions in the agreement that will provoke serious questions as to whether Whyte is in breach of this agreement, including: Has Whyte’s lawfirm transferred the promised £6.7m in working capital to Rangers? Whyte promised to not borrow against Rangers’ assets (unless principally for Rangers’ benefit)? Is the Ticketus deal a violation of this requirement? Whyte pledged to pay the Wee Tax Bill (£2.8m). Was the cash arrested by HMRC for this purpose provided by Whyte or season ticket holders? No specific remedy for breaching any of these terms is discussed. I will leave it for our legal analysts to tell us how severe a contractual violation would have to be before the courts would reverse the transaction. I doubt that such decisions are ever taken lightly or made for ambiguously worded provisions. You now face a dilemma. Who should you believe? Scotland’s largest commercial media outlet or some bonkers blogger (wee dig at Leggo?) crazily battering a laptop in some hellish garret? You can, of course, just read for yourselves. Below, you will find links to the actual Share Purchase Agreement (SPA) that delivered Rangers into the hands of Whyte. There is a lot to read and much to debate. With the volunteer analysts of all skills and disciplines, I expect that every aspect of this transaction will be ripped apart and digested in no time at all. Enjoy! Share Purchase Agreement- Index and Main Document Side Letter from Wavetower to Rangers Debt Assignation- BoS to Wavetower Misc. Attachments Working Capital Facility Media outlets: feel free to use these links in your reporting. Be sure to mention where you obtained your information! I look forward to your comments. There are a few other insignificant attachments to the SPA, but none address repurchasing the company or anything close to it. Perhaps STV can ask Mr. Johnston to clarify his comments ? Or maybe they should cast a more wary eye over the words of anyone connected to the executive management if Rangers FC in future. http://rangerstaxcase.com/
Rangerstaxcase The Scottish media have shown a shocking indifference to what's being going on at Ibrox for the past 10 years or so and are now scrambling around trying to piece together whispers and halftruths and trying to pass them off as facts. What really gets me is sports journalists writing about complex tax issues. You would assume they must take finanical advice from somewhere but the amount of **** they've written over the past few weeks leads one to wonder where they are getting their advice. I would no more trust Jim Traynor to write about the tax issues and business dealings going on at Rangers than I would David Leggat writing an objective history of Celtic football club!
I'm trying to picture Leggo "forensically examining" Lloyds involvement in this. Scene - a dimly lit 22nd floor flat. The light from a laptop reveals orange/ brown 1970s wallpaper. Bottles of cheap wine and sherry litter the floor and piles of newspapers rise waist high all around the room. On one wall there is a photograph of a bearded man in a blue top standing in a broom cupboard holding a trophy. Next to it is a photo of a 40 something man with tousled fair hair. This photo has three darts, all with different flights, sticking out of it. The only piece of furniture in the room is an armchair. Covered in cigarette burns and stains, it fills the air with the stench of vagrancy. It has seen better days days; and so has the man sitting in it. Balding white hair and a face with a complexion and scowl that shows a life of drink and bigotry etched into every pore. His string vest and pants share the armchair's aroma. The laptop screen brightly displays the banking world of Lloyds. The face scowls even more, hatred oozing from its pores. A gutteral growl rises above the fug of the armchair. "Dirty Taigy Lloyds bastards" it concluded, forensically.
...a picture of a young Queen Lizzie and Prince Philip hangs grimly to the wall, it's edges browned and curled, caused by 30 years of nicotine staining and rising damp.