Rangers Banter Archive November 20 2014

20 Nov 2014 13:35:31
This action taken against Whyte is more important to the new new company than you may think. As I stated on here previously if it is found guilty of fraud assests such as ibrox and Murray Park, Edminston House and Car Park would be recovered as proceeds of crime. (We will to save some agro drop the sir) David Murray could argue that under the law he was the victim and argue the assessts are returned

"A fraud victim’s right to recover money or property, or their equivalent in monetary damages, from
another person—and the remedies by which he can recover them—requires that the person obtained
that money or property unlawfully (i. e. , by conduct that violates one or more laws). A person who
violates the law—either by conduct that is prohibited or by failing to fulfill a duty—is legally obligated to
redress the injury or loss caused to the victim by that violation. The victim enforces that obligation to
redress his loss through specified remedies that correspond to different legal offenses.
Thus, to recover the proceeds of fraud, you must show that the loss was caused by unlawful conduct. In
practical terms, this means you must be able to recognize which laws were potentially violated, and you
must be able to match the facts and circumstances of a specific loss to one or more legal causes of
action. This will be your legal theory of recovery".

If this were to happen those loans secured the assests would be worthless and Ashley would call in the debt instantly without their security.

Nbts - I don't think he victim in this case will be SDM, he got exactly what he asked for in compensation when he sold to CW

think you may find one of the main victims is Ticketus who lost 25+M in all of this deal and are still trying to get CW in court

where that leaves the assets, who knows,

maybe ask bomber he might know!

JG

20 Nov 2014 16:34:34
Good post JG,SDM got the nicker he wanted for the Club,so I don't know what is fraudulent about that.Whyte ripped off Ticketus and failed to appear at Court for that,that's another warrant out. If he used Ticketus money to pay Rangers debt at the time,it shouldn't affect SDM.

20 Nov 2014 16:55:25
craig whyte as part of the deal from david murray was ment to give mccoist 5 million to invest then further 20 million over 4 years to be invested and improvements were supposed to be maid to stadium none of this happened
so in my eyes the contract has been broken buy whyte so sale should be classed null and void

NBTS: You appear to know your legal stuff. Do you think if/when Ticketus win their case against Whyte, and he can't come across, they could get the assets?

Easily sorted lads, murray could give the ouline agreement that was made or maybe that would not suit.

@3-apart from ally getting his £5million!

20 Nov 2014 19:31:00
Ticketus have admitted that they never did the proper background checks on Whyte. So if they were to try and grab assets couldn't the shareholders of old co sue them for damages?

{Ed039's Note - No I don't think so, all of these claims would land directly at the feet of Craig Whyte and not any other Rangers current or former shareholders)

@3: Brilliant, the Bobby Ewing scenario. Still hoping to wake up some morning to find it was all a bad dream. It's not going to happen.

@3] If you believe that was a clause in the contract, I hope Santa is good to you. Absolutely no chance, maybe that was a 'gentleman's agreement' but would not stand as a condition. Gentleman's agreement, how far is that from the truth?
Again I say, murray could clarify things by showing the outline of agreement.
Absolutely no chance, why? Ask dm.

20 Nov 2014 23:14:04
no dreaming just a point if this was in the contract then there could be come back there has been sum serious wrongdoing at our club we can not even get a loan against our training complex or stadium it has all been a stitch up and still happening rite now the sooner the fans realize this the better then we mite all be able to do sum thing about it before the take anymore off us good luck to police in there investigation there going need it to un wrangle all this mess that we are left with

Blueice - CW did not own rangers and had no right to sell ST's in advance when he defrauded Ticketus, that was the fraud, that's why ticketus are after CW and he has a warrant issued

If CW still owned rangers assets yes they could go after those but he doesn't, so they have no claim on anything to do with Rangers

JG

JG

21 Nov 2014 12:00:43
No JG Ticketus had owneship rights over the clubs assests. The case being brought it whether Whyte obtained the club by fraud at a time when Murray owned the assests. If Murray was led to believe Whyte was funding his bid with his own case when in fact he was borrowing against the future revenue of property he did not own i.e ticketus/club season ticket money, then Murray would be the victim of fraud (in the eyes of the law gentlemen, I am not saying Murray is a victim only stating the legallity) My main point is Whyte then sold the assests to Charles Green, Regardless if Green then in turn ripped of Whyte, the assests themselve have changed hands for money. The assests and the monies earned by Whyte were obtained by illegal means and are recoverable under the proceeds of crime. It woul then be for Murrray to raise his case that he is the victim and rightfull owner.

Nbts - don't agree mate

1, it was proven ticketus had no right to st sales, that's why they got heehaw from the last three years sales and are chasing collyer bristow and cw, it was not rangers that did the deal with them, it was cw before he owned rangers, no way can ticketus have claim on any rangers assets

2 cw never sold the assets to green, it was d&p who sold the assets and for a fee of 5.5m, cw sold his shareholding for what it was worth, for 2 quid (if stories are true)

JG

21 Nov 2014 16:58:36
My post was mean tto read "No JG Ticketus had no owneship rights over the clubs assests".

Mibee now that they're all getting lifted. they will all start spilling the beans to save their asses from the jail. you might even find out whose name is on the deeds,. gary

@10: "no dreaming. "?
Yes, dreaming.
Even if there was such a clause, no court in the land is going to undo the last three years or so. It would be a legal minefield.
You're going to have to accept that no one is going to come along with a magic wand.

20 Nov 2014 09:01:22
king & Kennedy V Ashley/Easedale - I have read all the latest. I have to be honest I do not believe a word that comes out of Sandy Easedales mouth, he has only come out denying what was said to cover his own back in event the complaint made to the stock exchange with regards to his influence over the board is upheld. Here is where I stand Derek Llambias and Barry Leach are cleearyl reviewing the business right now, I believe they are in the evaluate the club for Ashley. I will give them the time to do so and for them to report back to Mike Ashley and for him to then respond to the SFA but more importantly let us the fans know what his intentions are. If its something solid, a financial 3 year plan with funding great. If its just series of loans secured against assessts to tide us over for a few years then he can shove it and I will support a full boycott. I think we should all allow give it until end of January. More and more fans I speak with won't renew season tickets next year regarless whether its the SPL or not as they have had enough and want clarity. The board must now respond and be clear or I believe the fans will boycott on a bigger scale next season.

I don't believe a word that anybody involved in this saga says, not just Sandy Easedale.

P. S. I see in the a newspaper that David Murray and Dave King are now having a go at each other. Maybe we'll find out some interesting truths in the next few weeks.

20 Nov 2014 04:11:33
King urges the fans to starve the board. Yes there are problems with the board, but.
I don't know about anyone else but I am getting sick to the back teeth of this guy turning up every so often and wanting the fans to boycott, withhold cash. always blo*dy negative with him.
If he is so passionate about the club then he should put his cash on the table and not keep dragging the club back into the mud. He just keeps scaremongering and trying to force the share prices down so he can 'steal' the club cheaply. DK - put up or shut up. If I boycott, then it will be permanent.

20 Nov 2014 08:14:36
Completely agree weeman. He just appears tells us to starve them in an attempt for them to sell on the cheap. Sorry but forcing the club into admin is not what the fans want. Show us your money DK and the fans will give you theirs.