I don’t know if it’s Craig Whyte or whoever.Quote:
Originally Posted by grunt
Whoever off course being Sir David Murray. Why do none of these ex-players just say so?
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I don’t know if it’s Craig Whyte or whoever.Quote:
Originally Posted by grunt
Whoever off course being Sir David Murray. Why do none of these ex-players just say so?
Patience, Kato, patience - it's all going to come out in the wash thanks to Hector!:agree:Quote:
Originally Posted by Kato
And this thread will double in size as the new soap storyline unfolds week after week.
By opting for liquidation, Hector has opened the door for the liquidators (BDO) to pursue all Hunco directors over the past three years and I suspect that is something that BDO will already have been instructed about.
Can't wait for the result to be published tomorrow and watch a Securicor van pull out of the back entrance to Ipox with Duff and Duffer hiding inside while the BDO boys walk through the front door armed to the teeth with robust mandates.:cb
There will be no easy sleeps for all the ex-Hunco directors and no hiding places either.:aok:
Why isnt he and his paper more critical or critical in any way of SDM's role in all of this? I think I have an idea. How is Jackson's legal case against John Collins getting on? :rolleyes:Quote:
Originally Posted by Spike Mandela
Although it lloks like the sale of assets is going to take place before liquidation.Quote:
Originally Posted by H18SVG
I really don't get how it can be done when creditors should fully expect some sort of market value.
What exactly will there be left to liquidate? Looks to me like the only thin they will be doing is investigations into the past.
Bet you the shredder will be working overtime at the moment.Quote:
Originally Posted by ancienthibby
30 years on and what really has changed.Quote:
Originally Posted by joe breezy
That't funny. He was on the radio last night arguing for Rangers to be demoted top SFL3.Quote:
Originally Posted by Spike Mandela
They used to have to hand make their own sectarian banners and scarfs.Quote:
Originally Posted by JimBHibees
Now there are companies and printers who cash in and make sectarian products for them.
:agree::greengrinQuote:
Originally Posted by Kato
If Green pulls off this deal to get hold of all the assets for a paltry £5.5m then it will go down as grand larceny.
Have seen it reported that neither HMRC or Ticketus will object to this. HMRC are more interested in pursuing Murray and Whyte, with Ticketus going after Craigie boy in the courts.
I feel that Duff & Phelps are going to get their erses skelped big time. We have yet to see the result of the Administrators regulatory body's investigation into the conflict of interest allegation on BBC Scotland and surely this, 'binding agreement', with Green has to also come under scrutiny?
We are told by D&P that the Rangers newco will retain the history, trophies etc. etc. when this is blatantly untrue - a new company is just that - new - there is no link to the past. Then we are told that the players contracts will automatically switch to the newco - also untrue, which a quick look at the Employment Act would have told them.
Charlie Green is a wide boy looking to make a fast buck out of the Hun, nothing more, nothing less. He is a smarter, Yorkshire version of Craig Whyte. But it has taken him so long to come up with any cash, from the so called group of twenty, er, sorry six (mystery) investors, that D&P should have booted him out weeks ago.
If I were a Hun - God Forbid - I would be seeing Duff & Phelps in the same light as Murray & Craig.
Incompetent or corrupt?
Or both.
:cb
Yes I heard that as well but his argument was that it would be easier for Rangers to work their way up from the third than go into the SPL heavily sanctioned. He was also implying that it would be a way to make the other clubs suffer.Quote:
Originally Posted by jgl07
I honestly never used to think he Favoured the OF over other clubs but he has shown his true colours spectacularly during this whole saga. Anyone who buys the Daily Record needs their head examined imo.
For those who think it will be business at usual for Newco Rangers at Ibrox, I have a couple of questions.
How much are Ibrox, Murray Park and the Albion Car Park worth on the open market to property developers etc?
Why would HMRC allow the liquidators to sell them all to Green for only £5.5m when they are owed in excess of £20m...so far?
Why did they reject a CVA worth £8.5m in the knowledge that only £5.5m was waiting?
Quote:
Originally Posted by JimBHibees
Generations in the future ,50 ,100, 150 years from now will blame the people who had the chance to change Scottish football and didnt ,
its make your mind up time , keep them in what ever form or do football a big favour and finish them while you have the chance .
I originally thought that creditora, HMRC in particular, would not allow the sale for 5.5 million, but now I wonder if they rejected the CVA just to be able to investigate further. Perhaps they know they wont get that much extra and are willing to sacrifice a bit of cash if it means they can fully investigate and perhaps prosecute. It would be a strong message to others in the footballing world that HMRC can get you. I hope im wrong though, and after Thursdays meeting HMRC announce they have blocked the sale to greene, bumped D&P out the door and have their own team in putting a price to everything and are willing to sell everything individually to the highest bidder!Quote:
Originally Posted by Hibbyradge
[QUOTE=Hibbyradge;3261721]For those who think it will be business at usual for Newco Rangers at Ibrox, I have a couple of questions.
How much are Ibrox, Murray Park and the Albion Car Park worth on the open market to property developers etc?
I don't think they own the car park, but remember a figure of £110m being put on the other assets.
Why would HMRC allow the liquidators to sell them all to Green for only £5.5m when they are owed in excess of £20m...so far?
Because a, 'binding agreement' , was done between D&P and Green a number of weeks back if the CVA fell through. Mind you, I still don't see how they can get away with it.
Why did they reject a CVA worth £8.5m in the knowledge that only £5.5m was waiting?
Because they seem to think there will be potentially more for the pot if they go after the former directors of the club, eg Murray & Whyte. Apparently there would have not have been the same scope to do this under a CVA.
A few people are now asking if HMRC will allow the £5.5m purchase of the Rangers assets by Green.
My question to the people in the know is, does a creditor have to object to this sale? Or can BDO, as liquidators, object to it?
1. as much as they will pay. Sorry to be so unhelpful, but that's it. There are restrictions on what can be done with Ibrox and Murray Park, which will deflate their potential value.Quote:
Originally Posted by Hibbyradge
2. they haven't yet. Any creditor has the right to block, or reverse, a disposal of assets if they feel their interests are being prejudiced. That said, Cav (and I, too, for that matter) has doubts that the properties are part of the £5.5m deal.
3. I am hoping that, as a combination of 1 and 2, they think there is more value in the properties. The alternative, as someone has said, is that they may want the opportunity to dig deeper into the RFC history and extract some value from the former directors.
The CVA was practically worthless to HMRC in monetery terms and by accepting it they would have set a precedent for future situations involving football clubs living beyond thier means and stiffing the taxman to do it. Accepting the CVA also meant that there was a line drawn under everything including the big tax case and the conduct and actions of RFC directors and owners would be swept under the carpet.Quote:
Originally Posted by Hibbyradge
What HMRC are doing is writing of the tuppence they would get from the CVA in the hopes of recovering more money from individuals involved in the systematic defrauding of HMRC over several years at the big hoose and sending a clear message to all of football that if you dont pay your taxes we'll ****** you good and proper.
They wont care what happens to the club and the assets given the route that they are going down but there are many many other creditors including ticketus, rapid vienna, hearts who could object to the selling of the club to Green and challenge that it is not the best deal available to the creditors.
"The whole thing is just so sad. I look back and think about all the medals I won at Ibrox.Quote:
Originally Posted by grunt
Leading Gers to Nine in a Row, the League Cups and Scottish Cups"
These will be the "tainted" medals and cups that you won with the dual-contracts and the cheating then Mr Gough?
:rolleyes:
"I had Andy Goram on the phone as soon as I woke up and he couldn’t get his head round it. Like me, he wanted answers"
No. Like you, he's just a bit bigoted (as well as being thick as ****) and seem to think that everyone "owes" Rangers something!
[QUOTE=MyJo;3261738]The CVA was practically worthless to HMRC in monetery terms and by accepting it they would have set a precedent for future situations involving football clubs living beyond thier means and stiffing the taxman to do it. Accepting the CVA also meant that there was a line drawn under everything including the big tax case and the conduct and actions of RFC directors and owners would be swept under the carpet.
What HMRC are doing is writing of the tuppence they would get from the CVA in the hopes of recovering more money from individuals involved in the systematic defrauding of HMRC over several years at the big hoose and sending a clear message to all of football that if you dont pay your taxes we'll ****** you good and proper.
They wont care what happens to the club and the assets given the route that they are going down but there are many many other creditors including ticketus, rapid vienna, hearts who could object to the selling of the club to Green and challenge that it is not the best deal available to the creditors.[/QUOTE]
Yes, but this 'binding agreement' we keep hearing about is likely to be concluded in the next couple of days.
Someone will have to move fast to prevent it. Surely?
:confused:
[QUOTE=johnrebus;3261745]Deals can be reversed through the Courts.Quote:
Originally Posted by MyJo
However, it wouldn't surprise me if HMRC/BDO have a Court action ready, to put a block on the sale of any assets.
Charles Paterson said on SSN this morning that he understands that the deal that Green has in place to buy the club for £5.5M is not as straightforward as he is making out.
[QUOTE=johnrebus;3261745]IIRC, it was binding on Chaz only...... effectively if the CVA failed he was a backstip.... D&P don't have to implement the condition.Quote:
Originally Posted by MyJo
And as CWG says.... even if completed and BDO turn up and say "hang on this ain't right", then the transaction can be reversed after the fact.
Thats no surprise is it, he's bull ****ted from the moment he entered the building. :rolleyes:Quote:
Originally Posted by Stevie Reid
Green can still back out from the deal if the currant buns are banned from any competitions. I'm assuming that the European ban already gives him the necessary wriggle room. However, an additional suspension from the SFA and/or SPL will see him disappear faster than you can say 'quick buck'.Quote:
Originally Posted by Stevie Reid
IIRC, it was "only" Scottish competitions that the get-out clause referred to.Quote:
Originally Posted by hibs0666
Absolutely not, but it was still nice to hear that it isn't a definite to go ahead.Quote:
Originally Posted by blackpoolhibs
Quote:
Originally Posted by StevieC
That would work too.
Quote:
Originally Posted by blackpoolhibs
:agree:
But in a way you have to admire him.
He cares not a jot for the Hun or Scottish Fitba. All he sees is 40,000 gullible would be season ticket holders waiting to part with their readies and he wants some of that.
Balls of steel.
:agree: He wants to be in and out in a year, with his pockets bulging with cash. Why else would he be involved?Quote:
Originally Posted by johnrebus