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No money for players, but money for Banstead?


Weird_Beard

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"After the Record revealed the links between the Ibrox club and Banstead, the Surrey team’s manager Dave Tidy told a local paper the tie-in was going ahead and claimed Earley was “part of the consortium who have bought Glasgow Rangers”.

This quote as now been added to the article. A very strange statement to be added.

Thank fuck he wasn't in on the purchase of The Rangers then, the rhetard really have it in for the glasgow Rangers whoever they are, thank fuck it's not us. :sherlock:

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"One of Whyte’s failed business ventures was Vital UK, which went bust owing creditors around £400,000 and the tax authorities £313,000 in unpaid income tax and VAT. Vital’s collapse led to a seven-year on Whyte being a company director."

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How did this man get clearance to run our club? We should be suing the SPL for passing this crook. "Fit and proper" my fucking arse.

We will not see Craig Whyte again btw!

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It`s getting more and more likely we`ve been took, if it any consulation the biggest mug was D Murray

I'm sorry, but if the mug was Murray, there would be a tiny part of me going, 'well, good. fuck that prick.'.

He has got off scot-free in my (and I'm sure many others) opinion and is yet to be brought to account.

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http://www.<No links to this website>/news/scottish-news/2012/02/20/rangers-in-crisis-administrators-probe-mysterious-250-000-payment-to-ex-bankrupt-s-club-86908-23758080/

A PROBE into Rangers’ finances has revealed a £250,000 payment to an ex-bankrupt’s company linked to an amateur football club.

The payment was made in August to a firm run by Aidan Earley, one of Craig Whyte’s associates, the Record can reveal.

We previously exposed a bizarre tie-up between the Glasgow giants and English side Banstead AFC.

And now the scale of the financial relationship has been uncovered, just days after it was revealed that Rangers had failed to stump up £9million to the taxman in VAT and PAYE.

The £250,000 was paid into an account in the name of Regenesis-Banstead Athletic FC.

Earley, 44, who was bankrupted at the age of 22, and his brother Wulstan, 49, are involved with various firms operating under the Regenesis name.

And Earley claimed when we revealed the Banstead link that Whyte hoped to groom future Rangers stars through the obscure English club.

The latest revelation will astound Ibrox fans who watched their struggling team lose to Kilmarnock on Saturday.

And manager Ally McCoist will be furious, especially when he was denied money for a badly needed striker in the January transfer window.

The Ibrox side were plunged into administration last week after it was revealed Whyte had run up £9million of debt by failing to hand over VAT and PAYE on wages.

Administrators Duff and Phelps have put top men Paul Clark and David Whitehouse in pursuit of the missing millions.

It is believed they will be summoning Rangers’ directors to answer “serious questions”.

Clark has admitted he does not know where the £24.4million Whyte raised by mortgaging off four years of season tickets to London firm Ticketus has gone.

But the money was placed in the client account opened up by London lawyers Collyer Bristow when Whyte started his Rangers takeover.

And the £250,000 which went to Regenesis-Banstead Athletic AFC was taken from that same account.

Gary Withey, who became Rangers’ company secretary when Whyte took over last May, is a partner in Collyer Bristow.

He will no doubt be one of the people whom the administrators will want to ask why a chunk of money was paid out to the English league minnows.

Duff and Phelps are also trying to find out how Whyte found £18million to pay off a debt to Lloyds Bank – and if any of the cash came from the Ticketus deal.

Whyte insists it came from his own wealth. But the weeks – maybe months – ahead at Ibrox are likely to be confrontational. And there could also be a bitter struggle for control.

It’s believed Whyte ignored advice on how to settle with the taxman before being tipped over the edge last Tuesday.

One of Earley’s Regenesis companies acts as kit sponsor for Banstead, who play in front of crowds of about 30 in the Combined Counties Premiership in Surrey.

And Earley confirmed a tie-up between Rangers and Banstead, suggesting the English team would act as a feeder club, when we revealed the link earlier this month.

Venture capitalist Earley said: “The context in which you refer to me is a possible involvement of Rangers with Banstead Athletic Football Club.

“This is a project for developing young talent and has been two years in the making.”

Rangers fans, who staged a massive show of defiance at Ibrox on Saturday, will want to know why the £250,000 was paid from the account where the millions raised against their season tickets was deposited.

Earley denied at the time that Rangers had provided any funds to Banstead.

And Banstead chairman and owner Terry Molloy claimed he knew nothing of Whyte’s involvement. He added of Earley: “We are just a small club and Aidan is a small part of it.”

The Earley brothers are friends of Whyte and have been co-directors in some ventures.

A third Earley brother, Brendan, who died recently, was Whyte’s right-hand man with Vital Holdings.

It was dealings under the Vital Holdings banner that led to Whyte being banned as a director for seven years in 2000.

A Rangers source said at the time: “People are scratching their heads about the sense in getting involved with a backwater team. If they want to invest in youth, they have their own academy.

“If they want some kind of exchange set-up, would it not be better to get into a relationship with Real Madrid or AC Milan than Banstead Athletic?”

Rangers declined to comment on the latest revelations last night.

offt whyte's fanbhoys wont like this.

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You're right, this isn't Whytes fault, this is the Daily Record, the Sun, the BBC, the SPL, the SFA, the Sprt on Sunday, the clyde one phone in, Billy Dodds, Alistair Johnston, Paul Murray, Ally McCoist, the Catholic church, Donald Duck, Daffy Duck, Mickey Mouse (im sure ive missed a few) and Neil Lennons fault, but its certainly not Whytes.

Boycott the lot....

Keep slagging Whyte. (tu

You've got everything else wrong so dont go changing now. :pipe:

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you know what, the daily record is right, that 250000, yes thats right that two hundred and fifty thousand pounds would have made the difference

we would be looking forward to a second leg of the champions league last 16 while laughing at timmy as our administration and 10 point deduction means we are only 10 points ahead of the beggars now instead of 20

darn it that 250k has cost us a lot :rolleyes:

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SDM and co ruined Rangers, but CW looks like a conman too.

As long as its not The Rangers who ultimately get conned, CW can do whatever he likes as far as I'm concerned. Until its proved that he has wronged us, I am reserving judgement.

I'll despise David Murray forever.....that was decided a long time before Rangers Media came along.

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Don't worry, it's the long climb to the English Premier League, rename Banstead as Rangers and we're on our way up! <cr>

Did I read right? The Banstead guy said they had been talking to Rangers for two years about this? That makes it pre-Whyte.

Shuggy

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It certainly is.

There are many links between a small group of people, and all you find are dissolved companies, fraud probes and directorship bans.

i listed all these names here when whyte tookover as failed venture capitalists

still trying to get over some of the names i was called

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Don't worry, it's the long climb to the English Premier League, rename Banstead as Rangers and we're on our way up! <cr>

Did I read right? The Banstead guy said they had been talking to Rangers for two years about this? That makes it pre-Whyte.

Shuggy

if true then the murray fhanbhoys wont like that

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