The responses will probably be confidential until the full 14 days are up.
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Well, an Old Firm business plan at least.......any of the rest of us with even a fraction of the **** the Huns are in would have had the doors of our stadiums padlocked and put OUT of business long before now.
The cheats are right about one thing....it certainly is one rule for them and another for us..
Aye I'm with you on that one.
Any other team in the same situation would have been demoted and dealt with by now.
Any other limited company who didn't pay tax or NI contributions would have their doors padlocked and the assets sold before you could say king billy.
There's something fishy about this whole situation, I think duff n duffer didn't realise how much they would be under scrutiny approaching the end-game.
More from Scots Law blog
http://scotslawthoughts.wordpress.co...maybe-he-wont/
He's got one thing wrong in that, and it's an important one. He says ST income, transfer fees and SPL money will 'be used to fund the ongoing running costs of the company as it seeks to exit administration.' It won't, the creditors are funding those costs. That income will be put into a solicitor's account for the club's use after it exits administration. And that is despite two of the three categories arising from assets that are with the company now and were indirectly funded by the default of payments to those same creditors.
That alone should kill any chance of a CVA and any money in that solicitor's account should be treated as an asset of the oldco if a newco is formed.
Edit: Actually, reading the proposal again it's only the ST money and transfer income that's going to be held back.
https://twitter.com/bbcchrismclaug/s...22290938884096
Hopefully more bad news for the bigots.
Stewart Regan says it's down to #Rangers administrators to make sure the Charles Green is fit and proper person to run club.
Aye thats a great idea? :rolleyes:
#SFA recieved fax from FIFA today saying they are not breaching rules re #Rangers @BBCchrismclaug 15 minutes ago
http://www.hibs.net/image/png;base64...AASUVORK5CYII= BBCchrismclaug
#SFA recieved fax from FIFA today saying they are not breaching rules re #Rangers
06/06/2012 15:00
That was my thought exactly...... :top marks
I then read a full quote and I guess it makes some sense... :confused:
Scottish FA chief executive, Stewart Regan, said: “It is important that club owners take more responsibility to ensure that they sell their club to an individual or individuals who act responsibly and within the rules of football.
“The Scottish FA governs the whole of football and rather than spend millions of pounds on investigations into any number of prospective purchases across the game at all levels - which would be better kept within the game - it is important that the onus is on those involved in the sale of the club.”
FIFA have taken the view previously that Associations should ignore any judgement handed out by Courts of Law.
In this case FIFA appear to be saying that it is OK for them to accept Lord Glennie's view that the matter be referred back to the Independent Appeal Tribunal.
Which in turn should mean that Rangers get a more severe punishment this time around!
Regan just on the news saying he's spoke with FIFA and rangers won't be punished for taking them to court