Juancornetto 1 Posted November 14, 2014 Share Posted November 14, 2014 Interesting to note that green openly admits to being part of whyte Clark and witehouses plan for us. I have a feeling that Greenco's actions were just reprehensible rather than criminal. The real crime was committed by Whyte and those who brought about the circumstances of him being there. 0 Quote Link to post Share on other sites More sharing options...
buster. 5,184 Posted November 14, 2014 Share Posted November 14, 2014 Within the four named by The Scottish Sun, Grier would seem to provide the link which spans both the sale of Rangers in 2011 and the purchase of assets in 2012. All continues to be speculation but if the two court appointed administrators are helping Police Scotland with their enquires it gets interesting and you wonder about the actual transaction where Green&Co bought the assets. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,562 Posted November 14, 2014 Author Share Posted November 14, 2014 The repercussions surrounding this news could be massive. Anything could happen from here. Anything. 0 Quote Link to post Share on other sites More sharing options...
Hildy 0 Posted November 14, 2014 Share Posted November 14, 2014 The liquidation process - was it ever concluded? 0 Quote Link to post Share on other sites More sharing options...
Calgacus 8 Posted November 14, 2014 Share Posted November 14, 2014 iIf the administrators have been arrested does this suggest that Greens' purchase is fraudulent? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,562 Posted November 14, 2014 Author Share Posted November 14, 2014 The liquidation process - was it ever concluded? No, the BDO investigation into various parts of that continues. Hence arrests. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,562 Posted November 14, 2014 Author Share Posted November 14, 2014 iIf the administrators have been arrested does this suggest that Greens' purchase is fraudulent? D&P were continually alleged to be obstructive. Who knows what was going on? 0 Quote Link to post Share on other sites More sharing options...
buster. 5,184 Posted November 14, 2014 Share Posted November 14, 2014 iIf the administrators have been arrested does this suggest that Greens' purchase is fraudulent? They haven't been arrested and it is too early to say. 'Gratuitous alienation' has been speculated on in the past. A transfer of property by a debtor to another person for no consideration or for an inadequate consideration. Such alienations in the period up to 5 years prior to the date of sequestration are open to a statutory challenge by the permanent trustee; alienations outwith that period can only be challenged at common law http://www.govanlc.com/debtdictionary.htm#g 0 Quote Link to post Share on other sites More sharing options...
Hildy 0 Posted November 14, 2014 Share Posted November 14, 2014 No, the BDO investigation into various parts of that continues. Hence arrests. Is it possible then that liquidation will not be completed and that the oldco might still have a part to play in the club's future? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,562 Posted November 14, 2014 Author Share Posted November 14, 2014 Is it possible then that liquidation will not be completed and that the oldco might still have a part to play in the club's future? I don't think we can rule anything out at this stage. SDM will be watching with interest. 0 Quote Link to post Share on other sites More sharing options...
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