Charles of Normandy wins big

Charles Green created Sevco Scotland in the summer of 2012 to make money.

He saw a business opportunity if he could pick up the body parts of Rangers in a yard sale from Duff & Phelps.

Of course, he entered this saga, initially, as the frontman for Craig Whyte (not a billionaire).

The three-card trick of Sevco 5088 and Charlie’s Sevco was to provide much legal posturing by the man who bought Rangers for a quid in 2011.

However, in the end, it never went to court.

In the summer of 2012, I recall my old friend, the late Paul McConville, making a prediction.

He confidently stated that the death of Rangers and the creation of both Sevcos would result in a decade of criminal and civil court action.

As ever, my blogging buddy was spot on.

This saga started with Charlie playing the Ibrox klanbase like a flute.

By the time he left Ibrox for the last time, the man from Yorkshire with the big hands had been ennobled.

Like the Robber Barons of feudalism, Charlie was able to become a landed gentleman.

Charles of Normandy did very well indeed out of Sevco Scotland Limited.

Of course, that is what the new entity was set up to do in the first place.

The utility function of the new club was to enrich the original investors.

Even after cashing in his shares, the infamous “onerous contracts” continued to send cash from Ibrox the Sevco Triangle.

When the original Rangers died in 2012, I think it is fair to say that those of an Ibrox persuasion were first stunned and then vengeful.

The collective view was that someone somewhere would have to pay for this.

Obviously, when the music stopped, the Suave Billionaire had the keys to the Big House.

Outside of the High Court, it was clear that the People didn’t love Mr Whyte anymore.

He was cleared of all charges at the High Court in 2017, and he  Did Walking Away.

The administrators of old Rangers were also in the crosshairs.

Dear oh dear…

Then it was Charlie’s turn.

We now know that this prosecution was “malicious” and should never have happened.

He will now get £6.3m from the British taxpayer.

This payout follows the £24m awarded to the Administrators David Whitehouse and Paul Clark settled out of court with the Crown Office in a package worth £24m last December.

Today the Ibrox klanbase greeted the news of this latest windfall for Charles of Normandy with their usual Zenlike calm.

 

Dear reader, on days like this, the outsider can start to gauge the level of collective pain that the Govan Herrenvolk has endured over the last decade.

Actually, it is a rather nice feeling.