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Duff & Phelps

Discussion in 'Rangers' started by Girvan Loyal 1690, Oct 24, 2012.

  1. Girvan Loyal 1690

    Girvan Loyal 1690 Nobody's safe now

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    What have they done? <Gulp>
     
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  2. Ciaran

    Ciaran 2016 POTY

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    What's up?
     
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  3. Girvan Loyal 1690

    Girvan Loyal 1690 Nobody's safe now

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    "Revelations" are minutes away
     
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  4. Girvan Loyal 1690

    Girvan Loyal 1690 Nobody's safe now

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    About ticketus deal.
     
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  5. Fernando Macho

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    i think I've stopped understanding and caring now...I think this was David Murrays plan all along...concoct a plot so ridiculous and drag it out for ages while we got liquidated...then start again.

    I still think one of the consortium is David Murray but is named as a clever anagram....he'll appear at an AGM meeting dressed like The Joker saying something like '...but I havent voted yet'

    *cinematic music*

    either way, I honestly dont give a **** anymore.
     
    #5
  6. Ciaran

    Ciaran 2016 POTY

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    Craig Whyte recorded Rangers Ticketus deal talks with David Grier

    BBC Scotland has uncovered new evidence showing Rangers administrators Duff and Phelps knew Craig Whyte had sold season tickets to buy the club.

    It indicates they were intent on denying it because they thought they could get away with it.

    In May, the BBC suggested Duff and Phelps partner, David Grier, may have known about the £25m Ticketus deal last April, before Mr Whyte's takeover.

    Mr Grier denied any knowledge of the deal until August 2011.

    The BBC has obtained a recording of a meeting between Mr Whyte and Mr Grier, which show Duff and Phelps did know.

    Mr Whyte bought Rangers from Sir David Murray for £1 and paid an £18m debt to Lloyds Bank by selling three years of season tickets to finance firm Ticketus for £25m.

    As well as being involved in Mr Whyte's takeover, Duff and Phelps were appointed as Rangers' administrators after the club plunged into insolvency in February 2012.

    In May, a BBC Scotland investigation suggested that Mr Grier may have known that about the controversial Ticketus deal before the Whyte takeover was complete.

    Mr Grier, and Duff and Phelps, denied the claims and said he was unaware of this particular Ticketus deal until August 2011.

    Last week, in a BBC interview, Mr Whyte said that "everybody who was involved in the deal team at the time knew about" the Ticketus deal.

    He added: "They (Duff and Phelps) knew everything, they attended meetings, they were copied into all the emails, they were there on the day of completion. They knew from the start."

    That claim prompted Rangers' joint administrator Paul Clark, of Duff and Phelps, to respond: "The allegations against the administrators, who are officers of the court, are false, malicious and without foundation.

    "In addition, as administrators, we instigated legal proceedings against Mr Whyte's solicitors (Collyer Bristow) in the High Court in London and those proceedings are centred round the very serious allegation that Mr Whyte was involved in a conspiracy which deprived Rangers of many millions of pounds.

    "Our conduct of the Rangers administration has been the subject of intense public scrutiny and we are wholly satisfied it was carried out to the highest professional standards."

    BBC Scotland has now received a secret recording that Mr Whyte says he made at a meeting between him and Mr Grier in a private members' club in London on 31 May, after its investigation was broadcast.


    Craig Whyte met David Grier at a private members club in London
    The recording, which is to be used in a forthcoming court case involving Duff and Phelps and Mr Whyte's former lawyers Collyer Bristow, has been obtained legitimately by BBC Scotland.

    During the exchange, Mr Grier said: "I'll tell you what we're doing with that just so you&#8230;

    Mr Whyte: "Yeah.

    Mr Grier: "We, we went to see counsel yesterday and had a full sort of debrief of all the email correspondence.

    Mr Whyte: "Yep.

    Mr Grier: "Now, the fact is that we probably did know what was going on with Ticketus. There's no email traffic whatsoever.

    Mr Whyte: "That says that you did?"

    Mr Grier: "That says that we did.

    Mr White: "But we all know that you did and f****** hell.

    Mr Grier: "Yeah, yeah. There's no&#8230;we were not involved in dealing with Ticketus directly.

    Mr Whyte: "Yeah. So you knew the structures of the deal. You were dealing with Lloyds.

    Mr Grier: "Absolutely.

    Mr Whyte: "And the Ticketus part was Saffreys.

    Mr Grier "Yeah. So we've maintained that line quite rigorously."

    BBC Scotland has been able to confirm with a voice recognition expert that the recording is of Mr Grier.

    Duff and Phelps have yet to respond to the publication of the 31 May conversation.
     
    #6
  7. Girvan Loyal 1690

    Girvan Loyal 1690 Nobody's safe now

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    They knew all about the ticketus deal. Craig Whyte made a secret recording of a conversation with David Grier. 2 scumbags. Doesn't really affect us now I wouldn't have thought. Hopefully D&P will get hammered in some way. Don't know if they have broken the law. 3 million those bastards took. Disgusting.
     
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  8. Ciaran

    Ciaran 2016 POTY

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    Whytie recorded them <laugh>

    You'd need to be up very early in the morning to catch the bold Craig<ok>
     
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  9. Girvan Loyal 1690

    Girvan Loyal 1690 Nobody's safe now

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    Can't believe Whyte was allowed to appoint his own administrators!! What a ****ing joke that is. Knew from day one that they were dodgy.

    Beelin'
     
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  10. Girvan Loyal 1690

    Girvan Loyal 1690 Nobody's safe now

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    <laugh> I shouldn't laugh but the thought of him doing that is funny and the fact that he gave the tape straight to the bbc
     
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  11. Ciaran

    Ciaran 2016 POTY

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    Doesn't matter who done the Adimistration, Hector was always going to liquidate. You have to wonder why Whytie has come back on the scene, he's a dodgy bastard.
     
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  12. Girvan Loyal 1690

    Girvan Loyal 1690 Nobody's safe now

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    D&P screwed a lot of creditors over though. They'll want answers.
     
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  13. Ciaran

    Ciaran 2016 POTY

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    Whytie probably making sure he's not in the queue when the Jails getting handed out.
     
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  14. Ciaran

    Ciaran 2016 POTY

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    Could this effect the sale to Charlie G?
     
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  15. Girvan Loyal 1690

    Girvan Loyal 1690 Nobody's safe now

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    Don't see why. He wasn't mentioned anyway
     
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  16. Tina_old

    Tina_old Princess

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    The talk is Whyte's turning up the heat coz he wants a big pay-off.

    Craig Whyte CSC

    A neck made of brass, nay diamond <laugh>
     
    #16
  17. Ciaran

    Ciaran 2016 POTY

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    From who?

    I wouldn't put anything past the crazy ****er though.
     
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  18. Null

    Null Well-Known Member
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    <laugh>

    Craig Whyte = baws bigger than king kong!
     
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  19. Tina_old

    Tina_old Princess

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    The rangers tax case guy, Ciaran.

    He's been pretty spot on about things.
     
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  20. Ciaran

    Ciaran 2016 POTY

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    He's a cracker alright.
     
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