GeneralCartmanLee 313 Posted June 20, 2012 Share Posted June 20, 2012 Plenty of rumours swirling about just now concerning him and the agreement with green being based on a CVA being approved and Whyte going to court this week. I hope charlie hasn't fecked this up...whyte is a sneaky sneaky bastard..... Quote Link to post Share on other sites More sharing options...
North Rd 2,860 Posted June 20, 2012 Share Posted June 20, 2012 Whyte at court Hope they jail the fecker. Then again he wont turn up. Quote Link to post Share on other sites More sharing options...
paisleyroad 894 Posted June 20, 2012 Share Posted June 20, 2012 i'd be surprised if that bastard leaves the house now never mind turn up for court Quote Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted June 20, 2012 Author Share Posted June 20, 2012 i'd be surprised if that bastard leaves the house now never mind turn up for court He has been wandering around scotland, coming and going as he pleases, without a care in the world... Quote Link to post Share on other sites More sharing options...
Guardian 4,281 Posted June 20, 2012 Share Posted June 20, 2012 He has been wandering around scotland, coming and going as he pleases, without a care in the world...And will probably continue to do so until one day he has a terrible accident. Quote Link to post Share on other sites More sharing options...
A.T.G 10,771 Posted June 20, 2012 Share Posted June 20, 2012 Does anybody know which court???? Quote Link to post Share on other sites More sharing options...
ZeonBlue 378 Posted June 20, 2012 Share Posted June 20, 2012 Does anybody know which court????The Kangaroo enclosure at Edinburgh zoo with a little luck Quote Link to post Share on other sites More sharing options...
Frankie 505 Posted June 20, 2012 Share Posted June 20, 2012 Yeah, still uncertainty over Whyte's position.Green certainly doesn't have his troubles to seek. Quote Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted June 20, 2012 Author Share Posted June 20, 2012 Yeah, still uncertainty over Whyte's position.Green certainly doesn't have his troubles to seek.Have you heard anything about him going to court this week to clarify his position. Quote Link to post Share on other sites More sharing options...
ray 105 Posted June 20, 2012 Share Posted June 20, 2012 Isn't the potless one irrelevant ? allegedly. Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted June 20, 2012 Share Posted June 20, 2012 He has been wandering around scotland, coming and going as he pleases, without a care in the world...Just like david murray Quote Link to post Share on other sites More sharing options...
elephants stoned 2,994 Posted June 20, 2012 Share Posted June 20, 2012 Source? Quote Link to post Share on other sites More sharing options...
Gaffbear 4,095 Posted June 20, 2012 Share Posted June 20, 2012 Hope someone has their shotgun ready Quote Link to post Share on other sites More sharing options...
SBG 13 Posted June 20, 2012 Share Posted June 20, 2012 If he doesnt get Jailtime. It sets a dangerous precedent for anyone owning a football club.Anyone could go out and buy club X tomorrow against the season ticket sales, pay players X k per week for a year, syphon off the tax and NI to other companies, liquidate football club then run away pockets full of cash. Quote Link to post Share on other sites More sharing options...
chris182 6,186 Posted June 20, 2012 Share Posted June 20, 2012 Isn't the potless one irrelevant ? allegedly.I thought this - his shares are pretty much nullified due to the liquidation?! Quote Link to post Share on other sites More sharing options...
sprotson11 147 Posted June 20, 2012 Share Posted June 20, 2012 If he doesnt get Jailtime. It sets a dangerous precedent for anyone owning a football club.Anyone could go out and buy club X tomorrow against the season ticket sales, pay players X k per week for a year, syphon off the tax and NI to other companies, liquidate football club then run away pockets full of cash.The problem is Whyte did not syphon off the tax to another company, he used it to fund operating costs at Rangers. Quote Link to post Share on other sites More sharing options...
thebooler 4,509 Posted June 20, 2012 Share Posted June 20, 2012 And will probably continue to do so until one day he has a terrible accident. Won't happen, and he knows it. Quote Link to post Share on other sites More sharing options...
bluepeter 5,627 Posted June 20, 2012 Share Posted June 20, 2012 Errm, is Whyte not the majority shareholder in the OldCo? I thought the CVA rejection and liquidation of OldCo made his shares irrelevant? I'm no accountant or business lawyer though, what can Whyte be challenging? Quote Link to post Share on other sites More sharing options...
nelsonRFC82 305 Posted June 20, 2012 Share Posted June 20, 2012 Of course agreement between Whyte & Green would be based on CVA being approved because in that instance Green would buy shares in oldco, with that failure Green has bought the assets and formed the newco and BDO are going to liquidate oldco and therefore Whyte's shares with it. Green has not entered in to any transaction with Whyte in relation to newco.What exactly is the supposed case...Whyte enforcing floating charge? Wouldn't that just mean he, rather than other creditors, is entitled to the receipts from the sale of assets (after D&P fees of course)? Quote Link to post Share on other sites More sharing options...
A.T.G 10,771 Posted June 20, 2012 Share Posted June 20, 2012 Well hopefully Whyte diesIm just saying Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted June 20, 2012 Share Posted June 20, 2012 How can this be an issue?If the PLC is getting liquidated Whyte's shares are worthless, and the administrators had a legal right to sell the assets. Quote Link to post Share on other sites More sharing options...
theiconicman 2,947 Posted June 20, 2012 Share Posted June 20, 2012 Well hopefully Whyte diesIm just sayingWe all do at some point or another. You'll get your wish. Quote Link to post Share on other sites More sharing options...
ray 105 Posted June 20, 2012 Share Posted June 20, 2012 For those of a nervous disposition please sit down, whytey's daddy now holds the preferential status through Liberty Corporate Ltd once claimed by RFC Group Ltd/whytey over The Rangers assets, all done quite legally and above board by executing the proper MG01.Things could get even more interesting than they already are if that is at all possible. Quote Link to post Share on other sites More sharing options...
bluepeter 5,627 Posted June 20, 2012 Share Posted June 20, 2012 For those of a nervous disposition please sit down, whytey's daddy now holds the preferential status through Liberty Corporate Ltd once claimed by RFC Group Ltd/whytey over The Rangers assets, all done quite legally and above board by executing the proper MG01.Things could get even more interesting than they already are if that is at all possible.Right, so the £5.5m goes to Whyte? I couldn't care less who gets the money from OldCo (although the thought of Whyte profiting does stick in the craw). Or are you suggesting he can lay claim to the assets themselves, rather than the profit for them? Are you suggesting D&P had no right to sell the assets? Sounds very far-fetched... Quote Link to post Share on other sites More sharing options...
Ryan_1 1,136 Posted June 20, 2012 Share Posted June 20, 2012 Isn't Whyte barred from Scottish football anyway, he couldn't take control anyway. Quote Link to post Share on other sites More sharing options...
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