with a CVA they would have escaped with 'cuts and bruises'....now they need to grovel for their very existence to those they have spent the last few weeks alienating even more than ever.......Quote:
Originally Posted by GreenPJ
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with a CVA they would have escaped with 'cuts and bruises'....now they need to grovel for their very existence to those they have spent the last few weeks alienating even more than ever.......Quote:
Originally Posted by GreenPJ
I genuinely think this is the only part of the process that has not gone to plan for Whyte.
Buy club with someone else's money - check
Shaft HMRC/SFA/other clubs for money - check
Administration - check
Employ pals as administrators and tell them to ramp up fees and prolong process - check
Arrange for pal to 'buy' club/assets for vastly reduced amount - check
Prepare CVA which creditors will agree to as they will be privileged to receive 9% of what they are owed and will not let the great Glasgow Rangers go to the wall - oops.
Just need the SPL to show the same baws as HMRC and sort these criminals out once and for all.
Quote:
Originally Posted by GreenPJ
So it looks like their future in the SPL is now in the hands of the rest of the Clubs in it. Seems reasonable to me that as many Hibs fans as possible let our Board know what our feelings are on this.
BIG G
There's a balcony :wink: :greengrinQuote:
Originally Posted by easty
All the SPL clubs fans need to let thier boards know how they feel. If people arent bothered enough to speak up now then they can have no complaints in 5 years time when we are back to the status quo.Quote:
Originally Posted by GORDONSMITH7
Excellent News
It's a 6 figure sum with the look of add-ons.Quote:
Originally Posted by stokesmessiah
http://www.scotprem.com/content/defa...2&newsid=11417
I suggest your take on this is not quite so uneducated as you might think. I reckon yer spot on, and so does Thomson:Quote:
Originally Posted by GreenPJ
http://www.bbc.co.uk/sport/0/football/18365480
Chairmen/Boards of football clubs are known for many things but above ALL else, they are generally known to consider money before most other things. This quote, from Thomson, from the article above says it all:
"Thompson has received "emails and letters in the hundreds" from fans opposed to a Rangers newco being admitted to the SPL and the chairman suspects the issue is already having an effect on season ticket sales.
"One or two are holding back, I've no doubt about that and that effects what I'm capable of doing with regard to bringing players in," he said.
"It's not just people who are 15, 16-years-old on message boards, I'm talking about people writing in who have been season ticket holders for 30 or 40 years with very, very strong feelings."
EVERY club will be weighing this up. In todays climate they need to consider the very REAL possiblity that people just might go through with telling them to ram their season tickets and walk up tickets if they bend over and get shafted by rangers on this. Big time.
I hope the biggoted shower of bassas get ALL they ****ing deserve. ALL, they deserve. Churches, division 3. "Its a ****ing kick aboot" (nae nets) :greengrin
And when it's decided in finality, and if it happens, we shall paint the ****ing streets green and rejoice singing, DING DONG THE WITCH IS DEID.
GLORY GLORY YA BASS.
ENDOF
I'll give you six squid :greengrin
http://i49.tinypic.com/ayuc82.jpg
So could be 100k...wouldnt pay D&P's fees for a week..very small beerQuote:
Originally Posted by Seveno
Matt Slater @mattslaterbbc
D&P also says HMRC wants to liquidate RFC plc to enable full investigation of last decade, & to pursue wrong-doers for lost tax...
:flag::flag::flag::flag:
I don't think a newco is certain at all. The liquidators have a duty to obtain the best possible price for the assets - D&P claimed that the £5.5m offer from Green was the best they could achieve but BDO might have a different view. Liquidators are appointed by the company, but HMRC have nominated BDO and D&P haven't disputed that so it is likely to be BDO.Quote:
Originally Posted by MB62
I made an interesting point (well I thought it was interesting) about that £5.5m purchase. If anyone has a copy of the CVA proposal, look at the 'Estimated outcome statement'. The £5.3m balance is clearly shown to be for Intellectual property rights/goodwill, Player contracts and Stock only. Freehold property has N/A (not applicable) against it. I think it must just be badly drafted but it's quite a major blunder IMO andI'm surprised none of the various bloggers noticed it.
The players contracts can be passed on to the newco under TUPE rules, but it's at the players' discretion - they can walk away if they get a better offer.
£5.5m for the stadium, training ground and players? Seems unreasonably cheap - why would creditors accept that when surely market value is way more - you could sell two or three players and get that much.Quote:
Originally Posted by MB62
This seems, apart from the SPL vote, to be quite an easy out for them if they end up with no debt, all the assets including players, then carry on as normal.
At last. The end.
Am having a **** week and this is just the best news.
No more rangers. How good does that sound?
HMRC statement interesting....says proposed sale of football assets can still go ahead and Huns can continue to play at Ibrox. What it doesn't say is if that is to Green....or whether it is a tactical statement saying what COULD happen under liquidation.
Sorry cant do link at moment but article on STV website has this HMRC piece at bottom.
I think we should now name and shame all those on this thread who doubted Hector would bring home the bacon......
Three cheers for Hector
Hip Hip Hooray
Hip Hip Hooray
Hip Hip Hooray
Attachment 8348
Eeeee, it is enough to make even me consider paying my taxes :greengrin
It's not the end. It's not even the beginning of the end, it's the end of the beginning.Quote:
Originally Posted by magpie1892
Ach, sod that.... enjoy your week. :greengrin
This is very much brass ring time then, will they have to start in the 3rd Division, or will they weasel their way back into the SPL and kill it dead.
Quote:
Originally Posted by Caversham Green
My suspicion is that the deal struck between Green and Whyte was for Whyte to sell his shares for £2 but retain the property assets which he will then rent back.
I just can't see Whyte walking away with just £2 in his pocket.
Quote:
Originally Posted by Caversham Green
Could we see BK's or someone else try and buy Ibrox (or rent from who ever buys) purchase a lower league club and do an Airdrie and say they are the True Blues .....
I think its not inconceivable...it would leave even more bagage and allow them to disassociate with the past more easily...
Another issue is the leagal entity / club licence / history one.....can of worms
Statement relesaed from Duff & Duffer today in response to HMRC knocking back the CVA.
'As we have always stated, administrators have a primary objective to ensure the survival of the company and in this case, this would have been achieved through a CVA. It was with HMRC’s approval, that a proposal was placed before creditors for consideration.'
I thought their primary objective was to look after the best interest of the creditors :confused:
Buns will be top story on beeb lunchtime news at 1.25 ish.....
If I had won the Euromillions jackpot last week, then I would have put in a bid to beat all the shysters.Quote:
Originally Posted by down-the-slope
In full ownership of the property, I would do sod all with it. Just drive through to weegie-land every month to see how the grass and weeds are growing. I might even offer tours. :greengrin
Funny, 'cos I was feeling all Churchillian.Quote:
Originally Posted by CropleyWasGod
Certain as I was that rfc 1872 were doomed some time ago, I did worry a little with posters in this thread saying: 'hun will still be 2nd by a mile in 2012-13 SPL'.
They will not. I am soooooooooo looking forward to doing something big against them to erase the memory of 7-0 at hunbox in 1995 (?).
Hibernian - pay attention - after 19 May you owe us big time.
ADMINS! (no not D&P :wink:) the competent ones...
Can we get title updated to reflect latest glorious news
They'll be either 2nd or 1st. :rolleyes:Quote:
Originally Posted by magpie1892
It's a shame they couldn't have waited till the 12th of July.