knowledge 21 Posted February 22, 2012 Share Posted February 22, 2012 When I read this it really, really sickened me. This guy is vermin. I don't have the words....... Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 22, 2012 Share Posted February 22, 2012 For me that's the crux of it all. I'm very sad at the shares having been sold but as anybody who's been through their own financial crisis knows, desperate times call for desperate measures. Unfortunately I'm speaking from experience here. I wouldn't feel nearly so bad about this if the money had gone to Rangers but the thought that this crook has apparently syphoned it off makes me so angry.Has it been established that this is indeed what happened? It's obviously being widely reported now but the Record story seems to be the source for everything else. No doubt the shares have been sold but has Whyte definitely stolen the money? I have no problem believing it but I'd just like independent corroboration before taking my hatred of him to a new level.been there myself mate. Quote Link to post Share on other sites More sharing options...
LucyBlue 2,278 Posted February 22, 2012 Share Posted February 22, 2012 Can anyone confirm this is true? Quote Link to post Share on other sites More sharing options...
WVB 2,560 Posted February 22, 2012 Share Posted February 22, 2012 been there myself mate.Sequestrated LoyalBest thing I ever did btw. Quote Link to post Share on other sites More sharing options...
nvager 498 Posted February 23, 2012 Share Posted February 23, 2012 What beats me is why some Bears still support CW? He is a con man of the highest order. An out and out liar. Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted February 23, 2012 Author Share Posted February 23, 2012 Something doesn't add up to this story, looking on PLUS stock exchange 16 shares in Arsenal have been sold in one transaction twice since CW took over the club, so either of those transactions could of been our shares, thing is though those 16 shares were sold for a total of £1.4m each time. Unless of course I'm reading it wrong which is possible tbhThey are £14,000 each, mate. Quote Link to post Share on other sites More sharing options...
Thermopylae 15,286 Posted February 23, 2012 Share Posted February 23, 2012 What beats me is why some Bears still support CW? He is a con man of the highest order. An out and out liar.Suppose they just don't want to switch horses ... will probably stay on that nag all the way to the knackers yard Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 23, 2012 Share Posted February 23, 2012 Sequestrated LoyalBest thing I ever did btw.not quite there but its a relief for many I am sure. Quote Link to post Share on other sites More sharing options...
GARY_WATP 9 Posted February 23, 2012 Share Posted February 23, 2012 Heard enough about this sleekit bast%&d!!. Quote Link to post Share on other sites More sharing options...
JB1 26 Posted February 23, 2012 Share Posted February 23, 2012 The man makes me feel physical sick. To think of the proud tradition, dignity and the way of every proud ranger being ripped to pieces by this man is unthinkable! Not only is he not fit to run the club financially , he doesn't deserve the honour of doing so. Never a true ranger in my heart and never will be! Quote Link to post Share on other sites More sharing options...
sergio 1,199 Posted February 23, 2012 Share Posted February 23, 2012 I was in Whyte's corner, I refused to believe the stories in the papers as I honestly believed they were too far fetched and that no one would be stupid enough (let alone a board full of intelligent business men)to allow this to happen. For me - Whyte has burgled us, stolen our history, reputation and pride, however he didn't break in, he was given the key by Murray, he (Murray) should be held accountable for this. Quote Link to post Share on other sites More sharing options...
keithgersbear 3,225 Posted February 23, 2012 Share Posted February 23, 2012 This Craig Whyte fella is acting like that fella in catch me if you can. Quote Link to post Share on other sites More sharing options...
Zappa 358 Posted February 23, 2012 Share Posted February 23, 2012 Pretty good Scotsman article about these Arsenal shares - Criag Whyte blasted after sale of historic Arsenal shares By ALAN PATTULLOPublished on Thursday 23 February 2012 00:00CRAIG Whyte has managed to enrage fans of another club after selling off a historic share holding in Arsenal held by Rangers since the beginning of the last century.Fans of both sides have united to register their dismay at the sale of 16 shares acquired by the Ibrox club in 1910, with one member of the Arsenal Supporters Trust yesterday accusing Whyte of destroying the history between the clubs for his own personal gain.It emerged yesterday that Whtye had sold the shares for £230,000 shortly before the Ibrox club went into administration. The sum was not paid into the Rangers bank account, Instead, it remained lodged in one of his companies, Pritchard Stockbrokers in Bournemouth. Pritchard’s assets have now been frozen on the orders of the Financial Services Authority.For Rangers supporters, the sale of the shares, coupled with the uncertainty over whether the Ibrox club will ever see the sum gathered, is yet another betrayal of the club’s past by someone who has already mortgaged off Rangers’ future courtesy of the notorious season-ticket deal with Ticketus. For Arsenal fans, as well as cutting a bond between the clubs, the move also impacts on an ownership bid being prepared by the Uzbekistan-born billionaire Alisher Usmanov, who is understood to have bought Rangers’ stake in Arsenal for around £15,000 per share.In the view of both the Rangers and Arsenal fans, they were not Whyte’s to sell. For supporters of the English club, the outrage was compounded by the swiftness, and secrecy, with which the deal was done. Arsenal shares are at a premium and are traded infrequently on PLUS, a specialist market.Whyte chose not to offer the shares to the Arsenal Supporters Trust or the Arsenal Fanshare group, which would have at least ensured that the historic stake came back under supporter-control. Instead Whyte struck a deal with Usmanov, who is now just a fraction away from amassing the 30 per cent share stake which permits him to a place on the Arsenal board and also grants him access to important financial data.Although small in number, the sale of the shares that were once owned by Rangers could have a significant bearing on Arsenal’s future, with Stan Kroenke, the club’s majority shareholder, under pressure to increase investment. Arsene Wenger’s side look likely to complete a seventh successive season without a trophy. Usmanov has been regarded as persona non grata by the current Arsenal board, but, having agreed a deal with Whyte, he is now just an estimated 50 shares short of reaching the magic 30 per cent mark.“Every single share is one share closer to 30 per cent, when we might see some pressure brought to bear [on Kroenke],” said Nigel Phillips, of the Arsenal Supporters Trust. Usmanov is reported to be in favour of ending Wenger’s 16 year reign as manager.“From the Arsenal supporters’ point of view, we are disappointed not to have had the chance to try and buy them, having made representations to both the previous ownership, under David Murray, and having registered an interest with the administrators last week,” he added.Martha Silcott, an Arsenal Fanshare board member, contacted representatives from Duff and Phelps last week, just hours after she heard Rangers had gone into administration. “I wanted to know whether the shares were still in the possession of the club,” she said. “I said: look, I know you will be leafing through a pile of paperwork, but I wanted to let them know that we [the Arsenal Fanshare group] exist, and we would be interested in buying the shares, if they were ever to be sold.”The administrators told Silcott that they would be back in touch once they had managed to get a sufficient handle on the finances. But Silcott hadn’t heard back by the time she was stopped dead in her tracks yesterday, when a fellow Arsenal fan phoned to inform her of the sale.“I was walking through St Pancras Station, and I just froze,” she said yesterday. “I felt sick to the pit of my stomach. It is so disrespectful. It is not as if he (Whyte) didn’t have options.” Indeed, not only does the sale build up Usmanov’s holding in the club through his Red & White consortium, it ends one of the longest associations in football. As recorded in The Scotsman in 2006, Rangers acquired two shares in the London club in 1910. George Morrell is the person who is believed to have facilitated the exchange. Morrell had worked at Rangers before becoming manager at Woolwich Arsenal, as they were then known, in 1908. The clubs played a friendly between each other in April of that year in Glasgow and the English side, who were then based in south London and on the brink of liquidation themselves, later transferred two shares to Rangers in what is believed to have been a thank you gesture. When there was a share split in 1991, both these shares grew into a stake of eight shares each.Knowledge of Rangers’ share holding in Arsenal only became public knowledge six years ago, after Phillips contacted then Rangers owner Sir David Murray and David Joliffe, the club’s financial director, to ask why they were not listed in Rangers’ accounts. It had become an issue due to the recent rise in value of the shares. Only 62,217 have ever been issued, with the London club now valued at £1.1 billion. “I got a copy of the shareholders’ register from pre-computer days, an old printed paper, it was over 150 pages long,” recalled Phillips yesterday, when asked how he came to learn of the existence of the shares. “I went through and it and there was an entry saying Glasgow Rangers.”It is not unique for one football club to own shares in another club. Indeed, Fergus McCann was surprised to learn that Pacific Shelf 595 Limited owned some shares in Rangers when he took over the Parkhead club in 1994, and swiftly sold them on.But the Rangers stake in Arsenal was a symbolic one, as much as anything. “It is a great pity,” said Robert McElroy, the Rangers historian. “It’s a part of the heritage of two clubs.”His view was supported by Silcott, who seethed at the actions of Whyte yesterday.“This is about a lot more than money,” she said. “It’s about history and the close relationship between two clubs. In one fell swoop, it has been swept aside for personal again. It goes against everything the shares stand for.”A solid metal cannon, a gift from Arsenal to mark Rangers’ centenary in 1973, is said to reside in the Ibrox club’s Blue Room. Someone had better go and check that it is still there. Quote Link to post Share on other sites More sharing options...
deleteduser1 169 Posted February 23, 2012 Share Posted February 23, 2012 Those shares mean so much more than mere money but you would think CW would - at the very least - have given the Arsenal fans the first opportunity to buy them as a gesture of goodwill and help maintain that special bond between the clubs ? Quote Link to post Share on other sites More sharing options...
Zappa 358 Posted February 23, 2012 Share Posted February 23, 2012 Those shares mean so much more than mere money but you would think CW would - at the very least - have given the Arsenal fans the first opportunity to buy them as a gesture of goodwill and help maintain that special bond between the clubs ? He doesn't give a flying fuck about Rangers or the historic bond with Arsenal. When he's said that he does care about Rangers he was just telling more bare faced lies. No owner of Rangers who gave a fuck about the club would sell those shares and manage to get the money frozen in a shady company he's involved in. If Whyte ever turns up at Ibrox again he should be escorted everywhere by a security guard and given a full strip search on leaving ... including a cavity search by the guy with the biggest hands in Govan!! Quote Link to post Share on other sites More sharing options...
jonbryce 63 Posted February 23, 2012 Share Posted February 23, 2012 Something doesn't add up to this story, looking on PLUS stock exchange 16 shares in Arsenal have been sold in one transaction twice since CW took over the club, so either of those transactions could of been our shares, thing is though those 16 shares were sold for a total of £1.4m each time. Unless of course I'm reading it wrong which is possible tbhShare prices are quoted in pence, so it is 1,400,000.00p, or £14,000.Both of the transactions are probably his. First, to send the old share certificate to the registrar to get the shares moved into a stockbroker account, then to actually sell them. Quote Link to post Share on other sites More sharing options...
Tamb 126 Posted February 23, 2012 Share Posted February 23, 2012 So not only has he sold them, the money is lost in the crash of another one of his companies. Quote Link to post Share on other sites More sharing options...
J_RFC87 761 Posted February 23, 2012 Share Posted February 23, 2012 Selling off our history Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted February 23, 2012 Share Posted February 23, 2012 What beats me is why some Bears still support CW? He is a con man of the highest order. An out and out liar.Whereas all we have had is truth and justice over the last 20 years Quote Link to post Share on other sites More sharing options...
MrSifter 181 Posted February 23, 2012 Share Posted February 23, 2012 He doesn't give a flying fuck about Rangers or the historic bond with Arsenal. When he's said that he does care about Rangers he was just telling more bare faced lies. No owner of Rangers who gave a fuck about the club would sell those shares and manage to get the money frozen in a shady company he's involved in. If Whyte ever turns up at Ibrox again he should be escorted everywhere by a security guard and given a full strip search on leaving ... including a cavity search by the guy with the biggest hands in Govan!!It's very sad the sale of these Arsenal shares.Reading the history it tells us we bought two shares to help them out when they were in financial difficulty. We are currently in a distressed state and no-one is asking the question as to why Arsenal are not helping us out. I mean, we've got this great bond and history and that. Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted February 23, 2012 Author Share Posted February 23, 2012 It's very sad the sale of these Arsenal shares.Reading the history it tells us we bought two shares to help them out when they were in financial difficulty. We are currently in a distressed state and no-one is asking the question as to why Arsenal are not helping us out. I mean, we've got this great bond and history and that.I'll give Arsenal a bell and see if they have a spare 60p kicking about. Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted February 23, 2012 Share Posted February 23, 2012 He doesn't give a flying fuck about Rangers or the historic bond with Arsenal. When he's said that he does care about Rangers he was just telling more bare faced lies. No owner of Rangers who gave a fuck about the club would sell those shares and manage to get the money frozen in a shady company he's involved in. If Whyte ever turns up at Ibrox again he should be escorted everywhere by a security guard and given a full strip search on leaving ... including a cavity search by the guy with the biggest hands in Govan!!you'd think this was the first time something was ever sold off of our club the way some are acting on here Quote Link to post Share on other sites More sharing options...
Maxou 66 Posted February 23, 2012 Share Posted February 23, 2012 Why is that so important ,Didn't know we had arsenal shares actually Quote Link to post Share on other sites More sharing options...
MrSifter 181 Posted February 23, 2012 Share Posted February 23, 2012 I'll give Arsenal a bell and see if they have a spare 60p kicking about. It's very easy to be flippant. I keep hearing about history and heritage but clearly they mean more to us than they do to other clubs.RFC have helped many, many clubs out throughout the years. Who is coming to our aid when we are clearly in distress? Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted February 23, 2012 Share Posted February 23, 2012 Why is that so important ,Didn't know we had arsenal shares actually because having these shares in arsenal is the only link to our historical past with them. Quote Link to post Share on other sites More sharing options...
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