Ha ****ing Ha.
Bye huns.
Printable View
Ha ****ing Ha.
Bye huns.
It's quite exciting, almost like transfer deadline day thread.:wink::hibeesQuote:
Originally Posted by PaulSmith
It's possible Craig Whyte may not get his preferred creditor status:
http://leggoland2.blogspot.com/
This quote from the bears den is hilarious. I have blanked out the last word but i am sure you can guess.
"As a taxpayer, I'm not happy with the way HMRC are willing to **** about with my money.
As a Rangers fan, I despise the c***'s"
Celt's :agree:Quote:
Originally Posted by stokesmessiah
....and held a meeting with them to examine possible strategies for the administration and as to whether the "chosen" administrator would accept the appointment! :cbQuote:
Originally Posted by CropleyWasGod
He will only get it if he is actually owed the £18m by RFC. That blog suggests that he isn't. Indeed, he may owe them £6m.Quote:
Originally Posted by ardecos
Oh happy days........
http://www.scotsman.com/edinburgh-ev...tion_1_2115642
http://www.scotsman.com/edinburgh-ev...tion_1_2115642
Ha ha Hearts!
Nae luck!
Could be BOGOF on the Currants/Yams administration front!
:greengrin :flag: :na na:
Today has been brilliant!
It's better. With the transfer deadline you're not sure to get the players you want, but with this one you're going to get at least some kind of result the Huns/Yams don't want.Quote:
Originally Posted by Spike Mandela
I reckon the whole thing about mortgaging the future seasons income is slightly dodgy and presumably HMRC will want to know what happened to the cash that generated and could presumably seek to recover it as again presumably RFC were technically insolvent at the time of the alienation of the asset.Quote:
Originally Posted by CropleyWasGod
Quote:
Originally Posted by magpie1892
In response, i bet i can get more people signing a petition called 'Her Majesty's Revenue and Customs: Let them die' :greengrin
Quote:
Originally Posted by Spike Mandela
i would seriously be scunnered if hertz got these payments :( mon the HRMC men
I thought this was used to pay off the Lloyds TSB debt? Effectively, Whyte used the fans' money to buy the club, as he paid a peppercorn £1 to Murray Group for the privilege.Quote:
Originally Posted by proud_and_green
Just been reported on Sky news about the latest moves from HMRC. Report was done from outside Ibrox, and I'm sure the reporter (James Mathews I think), was having trouble containing the odd smirk, and finished off with a 'very serious' face:greengrin
Must be very hard to find an unbiased voice one way or the other, but I'm loving it!!!!
:flag:
I bet that Hearts fans attitudes to debt and non payment of monies due is about to change dramatically.Quote:
Originally Posted by cabbageandribs1875
They are already looking to get them charged by the SPL!
I think he has insisted that this is not the case. However, Whyte has a history of claiming something and it turning out to be the complete opposite. If it wasn't used to repay the bank, then he still hasn't provided any details of what was used. HMRC will definitely be interested in what happened to the cash if it wasn't used to repay the bank debt, as would an administrator in the event that it has mysteriously disappeared from Rangers' accounts.Quote:
Originally Posted by GloryGlory
Cracking cartoon in today's Herald.
A punter is looking up at the RFC badge on one of the stands at Ibrox.
The motto reads "Nae Readies" :greengrin
Pot Kettle Black comes to mind.......remember this:Quote:
Originally Posted by Andy74
http://news.bbc.co.uk/sport1/hi/foot...an/7764721.stm
I seem to recall joyously stating months ago it was a race to extinction for hertz and rangers.
I dont care which of them goes first. Imagine a world with neither? Can you imagine the plesant aura and deep joy this wid bring? Oyaa.
ENDOF
Court has taken a 10 minute break to instruct lawyers. News expected shortly. How exciting!!!
Not much I can add to what CWGod and others have said. One point to make though, the administrator is an officer of the court not HMRC or Craig Whyte and he is expected to act in the best interests of the company, not the successful applicant for administration. I think HMRC have just said the legal equivalent of "Aye, right to that b*ll*cks".
Quite a few on here have said they thought there was a plan behind what Whyte was doing. Now if us humble Hobos can see that it's odd-on that the Revenue would have spotted it as well.
Is this to do with the huns, the wee huns or something else entirely? :wink:Quote:
Originally Posted by CallumLaidlaw
Taken from FF :greengrinQuote:
If they wind up our Club I'll seriously consider leaving this country so they never get another penny from me.
Well, that's a good start....:greengrinQuote:
Originally Posted by The Story So Far...
The hunsQuote:
Originally Posted by hibs0666
Only another few hundred thousand to go then!Quote:
Originally Posted by The Story So Far...
I know James a bit. He's a hibby.Quote:
Originally Posted by pogo
Some of the comment son that story are beyond belief. Some folk are oblivious to the reality of the situation.Quote:
Originally Posted by Spike Mandela
Has any noticed that mr whtye is a SECURED CREDITOR which means he got rangers for a pound raised money from Ticket us to pay of the bank 18 million and guess what he is the first to be paid even befor HMRC should they go into Administration so for his pound he will get £18 million return
in other words not a bad bit of Business
It's amazing that they don't seem to realise that this is money that has, in effect, been stolen from them, the Rangers fans, both in terms of their season ticket money, and money that should have been available to government / local authorities to spend improving the dump that is Govan or wherever they happen to be. This isn't the big bad HMRC trying to shut down an innocent club, this is HMRC fighting for all of us to get a substantial amount of cash that WE are due.
Let them and any other club guilty of the same burn for it. Especially in these times, such wilful cheating of the taxpayer must be punished to the maximum.
Quote:
Originally Posted by ardecos
Good reading
"Hibs kingpin Rod Petrie" :greengrin
Its amazing what the press dont report, celtc fans fighting amongst them selfs up in Inverness where one fan was slashed across the face with a knife over songs being sung about the IRA. :rolleyes:
And some folk want to have a sing song with this **** on Sunday.
I wonder how many _________ (fill in blank with nurses, teachers, schools, hospitals, pot holes etc) £75m would pay for?
I fully expect the Glasgow press to start campaigning in this vein immediately so the taxpayer has surety that full value is extracted from the tax avoiders in Govan.There again maybe not.
Why is no Scottish journo interviewing the taxpayers alliance on this?
:cb
Don't think there would be any 'exciting news' coming out today will there?Quote:
Originally Posted by CallumLaidlaw
I'd have thought the exciting times would come after the administrator, whoever appoints them, gets a look at their books and makes a decision on their future, surely there won't be any real significant news today, other than the fact they will go in administration but we knew that was likely to happen yesterday.
BTW, not sure if everyone else is the same but the huns have completely dissapeared off my facebook page, nothing about them saying they will be ok, none ****ing themselves and none biting back, where have they all gone? they surely cannae be supporting someone else already can they?
:agree: Well said. There are plenty innocent people with diminished services or no services at all, who would no doubt be livid if RFC were allowed to cheat them out of their basic needs in this way.Quote:
Originally Posted by ScottB
According to one of the STV journalists, Court papers are on their way to appoint administrators:
Lawyer for #Rangers told court paperwork on its way to appoint administrators. HMRC questioned the validity of this move.
This looks like Whyte trying to forestall HMRC by appointing his administrators now, instead of next week.Quote:
Originally Posted by The Story So Far...
Can't imagine that all of that has not already been done, i.e. the establishing of the RFC financial position! :rolleyes:Quote:
Originally Posted by bingo70
... So... It's on! :thumbsup:
HMRC's legal argument is they Rangers can't appoint an administrator for five days, ie after the period specified in yesterday's legal filing. The Huns will need a sympathetic judge...Quote:
Originally Posted by GloryGlory
I just posted a message on my FB saying exactly the same.....very quiet.Quote:
Originally Posted by bingo70
Whether he ends up as a preferred creditor will, amongst other matters including those of a "technical" nature, depend upon the actual circumstances of how the Lloyds loan was repaid and by whom and, if by CW or a company owned and controlled by him, whether the security to the lender for that advance to RFC to allow repayment of the Lloyds £18million was properly constituted, executed and registered! :cbQuote:
Originally Posted by happiehibbie
:agree: And as Whyte admitted on TV last night that Rangers cannot afford to pay the tax bill, I would think HMRC's counsel would be highlighting this to the judge (not to mention Whyte's previous as an unreliable witness and unfit company director). It would be a brave judge that took Rangers' side, because I would imagine HMRC would appeal immediately to the Inner House.Quote:
Originally Posted by Part/Time Supporter
Looks like Whyte's last, desperate throw of the dice, IMO!
No he won't.Quote:
Originally Posted by happiehibbie
He paid off the bank with £18m, and at that stage was a secured c reditor.
IF (and that's not clear yet) he used the Ticketus money, then he is no longer a creditor. Indeed, he owes RFC £6m.
:rolleyes: which is very likely.Quote:
Originally Posted by Part/Time Supporter
it appears sellick have just won the league today
So if it is proved the Ticketus deal was done prior to the purchase of RFC, that throws his whole secured creditor status out the windae?
I think they won it the day they overtook a 15pt difference.Quote:
Originally Posted by cabbageandribs1875
Catholics?Quote:
Originally Posted by stokesmessiah
If that happened, it would be an even better result than the day that Ivan put 3 passed them ! :na na:Quote:
Originally Posted by CropleyWasGod
Heard some chat on the radio this morning that suggested HMRC may accept a reduced settlement to reduce their risk as unsecured creditors. If this was to happen I (and many other law abiding tax payers - and probably some lesser greens too) would be furious as effectively we'd be getting shafted as a consequence of Rangers deciet.
Does anyone know whether there would be any means for a large enough protest group to force the HMRC to press for full repayment (I'm sure I heard that there is a means of gathering 100,000 signatures and getting a topic discussed in parliament). If that's true is this the opportunity for Football fans fed up of teams living beyond their means to buy success to force them into line?
Court is just resuming now.
Quote:
Originally Posted by Part/Time Supporter
and if he's not sympathetic he will then become a 'taig/tarrier/paedo/kiddie-fiddling kafflik by the hunnish filth
I think it's a sad comment on the SPL that Rangers can potentially suffer a 10 point penalty and remain in the same league position.Quote:
Originally Posted by cabbageandribs1875
Not a hope in hell that HMRC will accept a reduced sum. They will go for liquidation even if they get zero money as a result.Quote:
Originally Posted by MCameron
They want a major scalp. And Rangers will be as big as they are likely to get. The liquidation of Rangers would send out a message to clubs elsewhere not to mess with HMRC.
And in other news.......
http://www.dailyrecord.co.uk/2012/02...6908-23748610/
What a day:cb
Quote:
Originally Posted by stokesmessiah
it's just official now though :)
Lawyer for #Rangers told court paperwork on its way to appoint administrators. HMRC questioned the validity of this move.
Case taken 20 min break for lawyers to get more instruction. #Rangers
HMRC said they were on way to hand in their petition yesterday when they found out #Rangers had handed in theirs.
HMRC then adapted their petition before handing in. #Rangers
Arguments on each side will start when case resumes at 1.30pm #Rangers
Roddy Dunlop, #Rangers lawyer, say they can appoint administrators because floating charge holder has approved it.
HMRC argued neither club nor directors were allowed to appoint administrators for five days. #Rangers
Rangers tell Court they will go into administration today - if they can appoint own administator. HMRC want their own.
Quote:
Originally Posted by grunt
something just not right :agree:
Quote:
Originally Posted by Tory Hibby
Really, and why would that be the case?? ... :rolleyes:
taken from swallow swallow
Roddy Dunlop QC, representing the Ibrox club, claimed that Rangers could appoint administrators as the floating charge holder, owner Craig Whyte, had approved it. HMRC has disputed this, claiming Rangers could not call in administrators for five working days from lodging their notice of intent to appoint insolvency experts.
Under the Insolvency Act 1986, companies have at least five and a maximum of ten working days in which to try and agree terms with creditors before appointing administrators.
Whether Rangers are allowed to appoint their own administrator, or one will be brought in after HMRC applied to the court remains to be seen and the court case will resume for legal argument at the Court of Session on Tuesday.
As a result of the move, the club have automatically been docked ten points in the SPL, leaving them 14 points behind Celtic in second place.
#Rangers given until 3.30pm to appoint administrators. If they do HMRC's application will no longer stand.
And so it begins, the cheats start to wriggle out of their debt. HMRC shafted again.
Rangers have been given until 3.30pm to appoint their own administrator or court will make appointment http://bit.ly/xVoFHP
Did his bank not fail to meet lending targets?Quote:
Originally Posted by Andy74
i have a funny feeling they are sitting in a car outside the court at this very moment :wink:Quote:
Originally Posted by stokesmessiah
a bit like the jumbo jeffries case 'i just happened to be in the club shop when i got the call' :greengrin
Funny feeling that "we" the taxpayers are about to be shafted big time by this disgrace of a so-called national institution.
So basically, correct me if I'm wrong, but the court has just given Rangers two hours to make a phone call. Rough justice my arse:rolleyes:Quote:
Originally Posted by cabbageandribs1875
Good Twitter source for what is going on from inside the court @carasulieman
If that turns out to be the case "we" the Scottish football supporters need to act to force a change in the rules of our game to ensure teams are not able to cheat their way to success without having the sound financials in place to sustain this.Quote:
Originally Posted by BroxburnHibee
Think we may find that there is a 'grand master' plan at play here and that they will come out of this with limited damage. Shocking but he knows the system and is playing it to the letter. I am not getting too excited.
Wonder if they will use the Vlad defence if appointment is a few hours late:greengrin
Sounds great in theory but the ugly sisters run the show and IMO the SFA/SPL/SFL will bend over backwards to keep their cash cow happy.Quote:
Originally Posted by MCameron
Outrageous if they get away with this and yet another nail in the coffin of Scottish football.
It will be sickening when it happens, but you can't help but feel Rangers are going to come out of this relatively unscathed. Their reputation will be in tatters and they will be skint, but survival in the SPL, a clean slate debt-wise and a points deduction that will have no impact on them whatsoever would be a great result for them. :grr:
Time to have a close look at the Bundesliga model - every club's books are open to the DFB, and if you can't demonstrate a realistic aim to break even at least, then you don't get a licence.Quote:
Originally Posted by MCameron
The current system of buy success/administration/reappear debt-free shafts both the guilty clubs' creditors and competing clubs who live within their means.
Not sure if anyone else has posted this, but the judge in the case, Lord Menzies, was once the Tory candidate in Leith.
This whole saga is embarrassing for Scottish football. Whyte is making a mockery of the Huns HMRC and SPL. They get docked 10 points but will finish second in the table. 10 points is not a big enough punishment. Bump their bills and carry on. It's also s farce that the Huns have been reduced to this.
http://sport.stv.tv/football/scottis...medium=twitter
Hearts could lose 500K from the Wallace deal :faf:
Just short - but they still loaned more to SMEs almost as much as the other banks combined.Quote:
Originally Posted by TQM
The administrators will be Duff & Phelps
HMRC initially objected to Duff & Phelps - said there were concerns of "public perception" if they were appointed.
A few funny handshakes and code words?Quote:
Originally Posted by LeithenHibby
Its actually £800,000. £500,000 this summer and another £300,000 next.Quote:
Originally Posted by Sodje_18
Sorry, but Scottish football has more nails in its coffin than I think any other corpse in the history of humanity.Quote:
Originally Posted by BroxburnHibee
"HMRC said its representatives were on their way to the court to appoint an administrator on Monday when they found out that Rangers had made their move."
Someone tipped the huns off?
A week after a judge issues a withering comment on Whytes character how can they allow this lot in, staggering.
http://www.dailyrecord.co.uk/news/sc...6908-23748131/
If HMRC get their way, I doubt that Rangers will be out of administration by the end of March. This means they cannot take part in Europe next year, regardless of where they finish in the league. That's a £10M hole in the budget right away! :greengrinQuote:
Originally Posted by patlowe
Quote:
Originally Posted by MCameron
i disagree(for the moment) i think every club in the SPL should now take turns at building up huge debts, getting everything in place, making sure they are at least 10 points clear of possible relegation after the 10 point reduction...then call in the administrators, no reward for having morals in football :agree:
Anyone know if he has any football "allegiancies"? :cool2:Quote:
Originally Posted by NYHibby
You just kinda know that these hun weasels
Are going to wriggle there way out of this
:brickwall:brickwall:brickwall
Lord Menzies has just given the Court of Session's seal of approval to outright fraud and chicanery:fuming:Quote:
Originally Posted by Spike Mandela
starting to look more and more like this is what was planned from the start.Quote:
Originally Posted by Spike Mandela
Surely they will still need to pay back all their debts, including the huge amount to the HMRC. Maybe they got their own way on getting to appoint own administrator, but they're still ****ed.Quote:
Originally Posted by Hibby cal
Rangers Vs Kilmarnock game in doubt this weekend due to Huns being unable to pay Strathclyde Polis.
http://www.thescottishsun.co.uk/scot...he-gateBR.html
Fraid not: the business and assets will have been transferred to a NewCo owned by Whyte by close of business today and HMRC plus all the other unsecured creditors will be left high and dry. Only hope of avoiding this was if a proper administrator was appointed rather than Whyte's sidekick.Quote:
Originally Posted by Steve20
Court being called back in. Huns will be in administration within the hour I guess.
I would doubt that very much. If this was done pre-administration, it would be very easy to strike down as an unfair preference. If it is done in administration, given the size of the unsecured creditors, I'd be pretty confident that the administrator would quickly find himself before the Court of Session to explain his actions. Cannot see that a pre-pack would work here as it would quickly be seen as an attempt to defraud HMRC.Quote:
Originally Posted by ehf
Apart from anything else, the SPL membership is not a liquid asset that could be so easily transferred....