In respect of Real Rangers continuing Liquidation (for what, nearly 3 years now?), how much are BDO getting for their lengthy involvement, and do they skim their money off the top of anything that may be in the pot?
Printable View
In respect of Real Rangers continuing Liquidation (for what, nearly 3 years now?), how much are BDO getting for their lengthy involvement, and do they skim their money off the top of anything that may be in the pot?
See the June report....Quote:
Originally Posted by Jack Hackett
http://www.bdo.co.uk/services/busine...in-liquidation
Sent from my GT-I9505 using Tapatalk
Grassy arse amigoQuote:
Originally Posted by CropleyWasGod
Edit....Nice work if you can get it....Approximately £1m a year....ongoing and no end in sight
Have they been remanded in the big hoose yet.
If the Administrators were sued by BDO for negligence, the Insurers would refuse to indemnify them if it was shown to be a deliberate act e.g fraud.Quote:
Originally Posted by CropleyWasGod
Yup - that must've been some lamb the the SMSM were fed as it barely mentions him as well - and on the odd occasion he does get discussed it's still in glowing-tones !!. Baffling how the man who was 'Knighted for his service to business' never gets quizzed about the infamous 'Duped' statement - about as believeable as the average MP's expenses !!Quote:
Originally Posted by PatHead
I see the other administrator Paul Clark has now been collared by the fuzz.
Indeed but anyone thinking that Sir David Murray has disappeared to cry into his wineglass over his foolishness with Rangers and the subsequent liquidation of some of his larger, if less high profile, businesses in January 2014 best think again. He has gone back to what he knows (steel, property and finance) and his current business empire is doing pretty well for itself.Quote:
Originally Posted by Deansy
TBF, they've done rather well for the creditors. They've already got £24m out of the company's former lawyers.Quote:
Originally Posted by Jack Hackett
And, if my hunch is correct, the current goings-on could reap a fair bit more.
Given that I've always thought that SDM had to know about the CW/Ticketus deal, I now wonder if CW might do some sort of deal to ease the pain for himself, whilst dobbing SDM in.Quote:
Originally Posted by AndyM_1875
Any doubt over ownership of Ibrox could have an effect on Mike Ashley's loan securities?
http://www.philmacgiollabhain.ie/ash...ain/#more-6752
Bum. Talking out of his.Quote:
Originally Posted by Spike Mandela
If MA's lawyers didn't check the securities properly in the first place, they only have themselves to blame and can look forward to being sued by MA.
I prefer to think that they did check them. That's their job, after all.
It's also easy for the general public to check these things, too. People like McGullible.
[QUOTE=AndyM_1875;4458612]Indeed but anyone thinking that Sir David Murray has disappeared to cry into his wineglass over his foolishness with Rangers and the subsequent liquidation of some of his larger, if less high profile, businesses in January 2014 best think again. He has gone back to what he knows (steel, property and finance) and his current business empire is doing pretty well for itselWasWaswWwwwwDi
Was he not a bankrupt ? MIM crashed as did his hotel in George Street (staff told so).
[QUOTE=southsider;4458634]The companies may have gone into insolvency, but he didn't personally.Quote:
Originally Posted by AndyM_1875
[QUOTE=southsider;4458634]Don't think he ever went bankrupt but wound down some of the less profitable or loss making companies which meant his other businesses were in good financial health. Some accountancy procedure.Quote:
Originally Posted by AndyM_1875
Now that Crops has returned to his proper full time job on this forum he may enlighten us as a little knowledge is a dangerous thing from the likes of me.
[QUOTE=CropleyWasGod;4458640]So how is he allowed to be a director of a new company when his previous companies went tits-up owing zillions ? Thought he would have been barred for 7 years.Quote:
Originally Posted by southsider
If that's the case, I wonder if there's any chance of him sorting out the mess over his company's pension-scheme ?. From what I've googled, there doesn't seem to be any update on it since May last year - in any other country, the media would be on this like a shot !. An absolutely, disgusting way to treat ex-employees who paid THEIR taxes and didn't take any LOANS from the company and not pay them back !!! Remember, we're talking about a man 'Knighted for service to business' etc, etc ...................................Quote:
Originally Posted by AndyM_1875
http://www.scotsman.com/news/scotlan...ings-1-3407692
[QUOTE=southsider;4458643]It's not automatic.Quote:
Originally Posted by CropleyWasGod
http://www.companyrescue.co.uk/direc...squalification
[QUOTE=CropleyWasGod;4458646]Thanks for info but it seems the people who play by the rules come out the worst whilst the crooks and con-men get away with murder.Quote:
Originally Posted by southsider
If ever there was a twist in this tale that would make it worthy of making a movie from it, that is the twist. Could you imagine the fury?Quote:
Originally Posted by CropleyWasGod
Who cares about some elderly former employees?Quote:
Originally Posted by Deansy
So long as SDM has enough to pay for lamb and Ferraris, that's the important thing.
He was a big fan of Thatcher, doncha know.
:agree: One Hun I worked with way back then said he was the Wallace Mercer of the west. :crazy:Quote:
Originally Posted by jacomoseven
They certainly seem to have had a similar approach to other peoples money / debt in their football clubs.
One thing sure a Lord Advocate with the name Frank Mulholland will make there's a prosecution:greengrin Good luck in getting a jury.
Douglas Fraser has just tweeted....
#Rangers charges, under Criminal Justice + Licensing (Scotland) Act, s28(1) on 'serious organised crime': max 10 yr jail sentence
ex-ceo Charles Green conspiracy + fraud, also conspiracy under Companies Act 2006: no plea or declaration,
ex-owner Craig Whyte + administrator David Whitehouse charged with conspiracy. Neither gave plea or declaration. Both bailed
Sent from my GT-I9505 using Tapatalk
Maybe this is a daft question but it's been bugging me watching some of these clips of "angry bears" heckling Green as he left court…….
Surely rather than being furious at these guys they should be eternally grateful? The likelihood is that these chaps will be the fall guys in the whole affair and will do some serious time. Now, I know their motivation will have been purely financial and they will hardly have been seeking glory and the approval of "the hordes".
But the bottom line is - had Green and his friends not done what they'd done then there would be no club for them to support now. Putting to one side all bickering about same club/different club etc there is a Rangers of sorts wearing blue and white and playing at Ibrox with stars on their strips etc. Without Green, Whyte and all their grubby associates then that might not have been the case?
Rangers (imo) got into the mess they did because of a warped sense of entitlement, a sense of immunity to the financial realities that affect all other football clubs and David Murray's grotesque mismanagement of the club.
Green, Whyte et al are opportunistic parasites who always appear when clubs are in distress and will ultimately end up being the fall guys in the whole affair. But had they not done what they did, when they did then there might not be a "The Rangers" to speak of.
No?
I think there were plenty other crooks and comics willing to buy the deceased 's residue.
The Tennesee Tow Truck man springs to mind.
Whether they would have done a better or worse job we will never know.
Not to mention the Double Glazing guy was it Kennedy?Quote:
Originally Posted by greenginger
Except D&P entered into an exclusive binding agreement with Green fairly early on. This preventedQuote:
Originally Posted by Smartie
Sir Walter of the Cardigan from entering late on.
Murray knew Whyte, who knew Green, as well as D&P. This was an attempted 'fake-over' - and it was Green who established the onerous contracts which are hurting The Rangers today. That's what the Bears are angry about...
Greeno didn't look a well man on the telly.
Looks like life is taking a turn for the worse. Life on the inside will be no bed of roses.
I think his point is that the claim of ownership, what has been stated publicly, might not be accurate. Mike Ashley is a very smart, very succesful and very wealthy man, with access to the very best advice. I'm aware of who he retains in Scotland...Quote:
Originally Posted by CropleyWasGod
The whole new Rangers thing was set up to benefit certain people, rather than The People.:greengrin