Generic Sevco / Rangers meltdown thread

[Keith_M]

This quote is hidden because you are ignoring this member. Show Quote

Hopefully I will be proved entirely wrong, but it appears that King is running rings around the TOP.......

I think you're right.

It looks like they're a toothless body and may as well shut up shop now.

[Famous Fiver]

Interesting that they are picking up on the Celtic transfer philosophy.

Value Morelos at squillions (allegedly turned down £3.75 Mill from Bordeaux) yet Lafferty is only worth bidding £200,000 for.

Wonder what Mr Lafferty makes of that?

However, their ace in the pack is that said Lafferty would crawl on his hands and knees to Glasgow for another payday.

In my opinion.

[BH Hibs]

This quote is hidden because you are ignoring this member. Show Quote

I smell corruption.

Normal service resuming. I really hope the *******s go bust again.

[blaikie]

Danish Hong Kong based Private Equity investor named on the board earlier today, no doubt he’ll have an agenda.

[HoboHarry]

This quote is hidden because you are ignoring this member. Show Quote

Danish Hong Kong based Private Equity investor named on the board earlier today, no doubt he’ll have an agenda.

Making money at Sevco's expense I hope.......

[Joe6-2]

This quote is hidden because you are ignoring this member. Show Quote

Danish Hong Kong based Private Equity investor named on the board earlier today, no doubt he’ll have an agenda.

Hong Kong Phooey

[Winston Ingram]

This quote is hidden because you are ignoring this member. Show Quote

Interesting that they are picking up on the Celtic transfer philosophy.

Value Morelos at squillions (allegedly turned down £3.75 Mill from Bordeaux) yet Lafferty is only worth bidding £200,000 for.

Wonder what Mr Lafferty makes of that?

However, their ace in the pack is that said Lafferty would crawl on his hands and knees to Glasgow for another payday.

In my opinion.

Tbf to Sevco on this one, Lafferty is on about £8k a week and i’ve heard all summer he’s away. It wouldn’t surprise me if Hearts were actively trying to move him. Shifting him will save around £400k a year

[Souter96Mac]

I heard that Lafferty had a goal bonus of £5k every time he scores. Unbelievable if true, they'll be wanting him gone.

[CentreLine]

This quote is hidden because you are ignoring this member. Show Quote

I heard that Lafferty had a goal bonus of £5k every time he scores. Unbelievable if true, they'll be wanting him gone.

Might explain why he spends so much time on the bench

[Rumble de Thump]

This quote is hidden because you are ignoring this member. Show Quote

Tbf to Sevco on this one, Lafferty is on about £8k a week and i’ve heard all summer he’s away. It wouldn’t surprise me if Hearts were actively trying to move him. Shifting him will save around £400k a year

Laugh at me doesn't want to be at Hearts. He didn't want to sign for them but they were the only Scottish club to make him an offer and, as he wanted to be playing closer to home, he accepted the offer rather than risk having it being withdrawn. He was desperate to play for The Rangers and still is. He's told Hearts he wants the move and they will no doubt accept whatever The Rangers' best offer is prior to the transfer window closing.

[Joe6-2]

This quote is hidden because you are ignoring this member. Show Quote

Laugh at me doesn't want to be at Hearts. He didn't want to sign for them but they were the only Scottish club to make him an offer and, as he wanted to be playing closer to home, he accepted the offer rather than risk having it being withdrawn. He was desperate to play for The Rangers and still is. He's told Hearts he wants the move and they will no doubt accept whatever The Rangers' best offer is prior to the transfer window closing.

Having a medical today

[jacomo]

This quote is hidden because you are ignoring this member. Show Quote

Danish Hong Kong based Private Equity investor named on the board earlier today, no doubt he’ll have an agenda.

Who is this guy?

King seems to be able to pull an endless amount of new investors in to prop up the basket case.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Who is this guy?

King seems to be able to pull an endless amount of new investors in to prop up the basket case.

There's a bit of confusion about this.

There are reports that he bought some of Ashley's shares last year. If that's the case, it's not new money.

That said, he won't be getting a seat on the board for nothing. He is either there for his abilities to attract new money, he has lent some this year, or he is one of those who is buying some of the new shares. Or a combination of all 3.

Sent from my SM-A520F using Tapatalk

[hibees 7062]

[CraigHibee]

This quote is hidden because you are ignoring this member. Show Quote

😂 Rangers are dead, they are the tribute act

[greenginger]

This quote is hidden because you are ignoring this member. Show Quote

What's with the Sevvie Gerrard ?

Sevco Gerrard surely.

[HoboHarry]

This quote is hidden because you are ignoring this member. Show Quote

What's with the Sevvie Gerrard ?

Sevco Gerrard surely.

That's got to be someone trolling surely?

[Chic Murray]

This quote is hidden because you are ignoring this member. Show Quote

That's got to be someone trolling surely?

I prefer to think Gerrard isn't quite the boot faced whinger that he comes across as, and that he has a sense of humour.

[grunt]

Oh dear.

https://www.bbc.co.uk/sport/football...bbc_sportsound

[ancient hibee]

This is outrageous.Everyone knows that when you get a loan you shouldn't have to pay it back.

[hibbyfraelibby]

This quote is hidden because you are ignoring this member. Show Quote

Oh dear.

https://www.bbc.co.uk/sport/football...bbc_sportsound

Wheels are coming off...

[CraigHibee]

This quote is hidden because you are ignoring this member. Show Quote

Oh dear.

https://www.bbc.co.uk/sport/football...bbc_sportsound

Oops, can see a few of them filing for bankruptcy on the back of that

[Winston Ingram]

This quote is hidden because you are ignoring this member. Show Quote

Oops, can see a few of them filing for bankruptcy on the back of that

Solicitors transferring all assets to ex-hun spouses as we speak...

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Oh dear.

https://www.bbc.co.uk/sport/football...bbc_sportsound

There are 2 basic holes in HMRC's case for doing this, and I suspect any decent adviser will be making that point:-

1. by the Court finding in HMRC's favour, they have deemed Oldco to be the employer, and thus responsible for paying the tax and NI. It's irrelevant that they can't pay it. Oldco should be treated as any other employer that has gone into liquidation; after all, no-one expects the employees of any such company to pay the tax company's debts.

2. the assessment that HMRC made of Oldco's liability made the assumption that the payments to the players were net of PAYE and NI. In other words, that the players had already paid their dues. They can't be taxed twice.

This won't be as easy as that piece suggests.

[Bostonhibby]

This quote is hidden because you are ignoring this member. Show Quote

This is outrageous.Everyone knows that when you get a loan you shouldn't have to pay it back.

Should have gone to UKIOS Bank - owing it to yourselves has a much better outcome.

[Hibs4185]

It’s absolutely mental. Sevco aren’t affected whatsoever I would imagine as it was the old club that is liable.

The players who had EBT’s won them their titles. Players are now in firing line because old club is dead.

Sevco claim their history is in tact but the payers who won them are now facing hefty bills.

Any bad news-ah well that’s the dead rangers. Anything else...we’re going for 55.

[lord bunberry]

This quote is hidden because you are ignoring this member. Show Quote

There are 2 basic holes in HMRC's case for doing this, and I suspect any decent adviser will be making that point:-

1. by the Court finding in HMRC's favour, they have deemed Oldco to be the employer, and thus responsible for paying the tax and NI. It's irrelevant that they can't pay it. Oldco should be treated as any other employer that has gone into liquidation; after all, no-one expects the employees of any such company to pay the tax company's debts.

2. the assessment that HMRC made of Oldco's liability made the assumption that the payments to the players were net of PAYE and NI. In other words, that the players had already paid their dues. They can't be taxed twice.

This won't be as easy as that piece suggests.

Will HMRC be likely to accept that and move on or is there likely to be another court case?

[JimBHibees]

This quote is hidden because you are ignoring this member. Show Quote

Oops, can see a few of them filing for bankruptcy on the back of that

Think Super Barry already has.

[Bishop Hibee]

Crooks.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Will HMRC be likely to accept that and move on or is there likely to be another court case?

Whether any of the many situations (since we're talking about the individual recipients now, rather than the one club) get to Court will depend on a lot of things.

I suspect, though, that each player's adviser will be saying the same things, whilst HMRC will be aggressive in light of what they see as their new powers in combatting tax avoidance. In practice, what may happen is that whichever case gets to a Tribunal first will serve as the test-case for all the others.