Quintin Jardine's blog

Personal experience has led me to believe that the world is run by people who have a very clear Plan A, one that invariably works well when the global economy is on an upward cycle and the world is full of Eskimos buying refrigerators, but who have no effing idea what do do when it turns in the opposite direction. In my ever-modest opinion, Ex-Sir Fred Goodwin and Still-Sir David Murray are two of those, big time. As for Always-Mr (Can you be stripped of Mr?) Craig Whyte of Rangers, he seems to know asset-stripping, sorry, company rescue, and that’s it; in fact he doesn’t seem to be very good at it. If he ever had a game plan, it looks as if it was shattered the moment that the administrators, men he appointed,  revealed that the Ticketus £24m, raised against future income, is nowhere to be found within the company. As I understand it, that sum is not a loan, and Ticketplus’s parent company says that it is not a creditor as such. Future season ticket sales are viewed as a de facto football asset, one which ‘Mr’ Whyte has sold, and which Ticketplus now owns, and will continue to own under any future restructuring. Two questions are begged. 1) Where’s the money raised if it’s not within the club? 2) Do we have an extradition treaty with Monaco?