Football life take on it...blogNewCo: What’s in Black and Whyte?
Firstly, just have to point out that this is post 100 on the blog. If you’re a newcomer or a latecomer, I’d always recommend that you have a look on the archive, as there’s lots of stuff on there to read and share.
You may possibly be able to guess what this post is about. The Whyte Knight is back in town, riding in as the 4th horseman of the apocalypse for Sevco.
Craig Whyte has spoken to the BBC and, in the halls of Ibrox and elsewhere, massive concerns have sprung up, particularly due to the reported assertion that Whyte has stated that he put Charles Green in place and introduced Duff and Phelps.
To be clear, Craig Whyte’s reputation is as black as the night in the right circles. I’ve been speaking to a friend of mine who works at a stock brokers in London and the merest mention of Whyte has sent those looking after the Rangers share issue into uproar.Having spoken to people at the AIM, the understanding is now that BDO will be in liquidating OldCo before the end of next week and that “owing to serious past indiscretions” (namely not disclosing he was banned as a company director) should Whyte be shown to involved at Rangers in any way, shape or form, the Rangers share issue will not go ahead.Furthermore, the feeling of my contact was that, without the share issue, Rangers are likely to be forced into administration within weeks and that, depending on exactly how much proof BDO find of a link to Craig Whyte in the paperwork, the sale to Sevco may be overturned.
The final point on that is the chap is actually a Rangers fan himself and, in his own words on the share issue, “For every £5 I’d spend on Rangers, Rangers would lose me a tenner”.
People in Scotland don’t want to see Rangers fans without a club to follow. What they do want is a club that is run by the fans, for the fans. A club that is built on fairness and anti-sectarianism. A club that is designed around a stable, long-term outlook.
That “Four Horsemen” Green Brigade banner from the last Old Firm match may need amending.
First there was Murray. Then there was Hector. Then there was Whyte.When BDO come riding into town, the end is nigh.