Generic Sevco / Rangers meltdown thread

***lucky*** · 13-02-2012 04:20 PM

Originally Posted by Spike Mandela

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This article from SoS explains all the possible consequences.....

http://www.scotsman.com/scotland-on-...yond_1_2112897

This explains the consequences for Rangers and the effect on other clubs. Whilst their demise is greeted with laughter. The SPL need their away support, TV money and advertising that they bring. This is not good news for Scottish football or Hibs.

***Seveno*** · 13-02-2012 04:22 PM

I'm stuck at London City Airport waiting on a delayed flight, and loving every minute of it !

**EasterRoad4Ever** · 13-02-2012 04:23 PM

Originally Posted by Hibbyradge

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They won't lose.

Eh ? this isn't the SPL, SFA or TV panel they're dealing with ... it the HMRC. They'll squeeze them until the orange pips squeak

**Pete** · 13-02-2012 04:23 PM

I bagsy the main stand.

I've always wanted a listed building.

***Spike Mandela*** · 13-02-2012 04:24 PM

Originally Posted by EasterRoad4Ever

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Eh ? this isn't the SPL, SFA or TV panel they're dealing with ... it the HMRC. They'll squeeze them until the orange pips squeak

Yeah, like they dealt with Redknapp

**~~Saorsa~~** · 13-02-2012 04:24 PM

**HibeeSince85** · 13-02-2012 04:25 PM

Originally Posted by Hibbyradge

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Yes.

Can you please share that reason?

**EasterRoad4Ever** · 13-02-2012 04:26 PM

Originally Posted by lucky

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This explains the consequences for Rangers and the effect on other clubs. Whilst their demise is greeted with laughter. The SPL need their away support, TV money and advertising that they bring. This is not good news for Scottish football or Hibs.

Personally, I've no issue with Hibs downsizing a little to see the demise of a club that has infected Scottish society for so long. Celtic will be next to collapse, without their bigoted brothers, bringing an end to the biggest anomaly in world football.

**Lofarl** · 13-02-2012 04:28 PM

Jelly and Icecream for all come Sunday.

***Seveno*** · 13-02-2012 04:29 PM

Originally Posted by Desperate Dan

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Calm down man. What are you going to be like when the Yams go under ?

**EasterRoad4Ever** · 13-02-2012 04:29 PM

Originally Posted by Spike Mandela

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Yeah, like they dealt with Redknapp

You really think the timing of this move by the Huns is independent of the outcome of the HMRC case ???? No chance. They've had legal advisers and accountants all over the case like a rash. If they were confident of winning they would not be doing this.

nope, I'll bet their advisers have now come to the conclusion that they will lose the case - hence Whyte trying to protect what he's got.

***HH81*** · 13-02-2012 04:32 PM

Originally Posted by Seveno

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Calm down man. What are you going to be like when the Yams go under ?

You don't wanna know

Not sure if this is good a good move for Scottish football as a whole but its very funny at this moment in time

***Hibbyradge*** · 13-02-2012 04:33 PM

Originally Posted by HibeeSince85

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Can you please share that reason?

Of court out settlement.

Shared.

**Wilson** · 13-02-2012 04:33 PM

Originally Posted by HalifaxHibs

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Not sure if this is good a good move for Scottish football as a whole but its very funny at this moment in time

It may well prove not to be good. It is happening regardless though - might as well enjoy it

**ancienthibby** · 13-02-2012 04:40 PM

Originally Posted by Hibbyradge

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Of court out settlement.

Shared.

I presume you mean 'an out of court' settlement!

How is that going to be possible, given that Ipox main building is a listed property so that the real value for a buyer is close to Nil.

Then added to that are the planning restrictions that exist over Murray Park.

On the other hand, this was a completely planned takeover by C Whyte. We have to assume that he always had another agenda!!

**HibeeSince85** · 13-02-2012 04:41 PM

Originally Posted by Hibbyradge

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Of court out settlement.

Shared.

You constructed that statement slightly wrong, I take it you meant out of court settlement? Why would HMRC do this? I think they will lose the case.

Thanks for sharing

**Dinkydoo** · 13-02-2012 04:45 PM

Initially, smaller clubs will have to take the hit, but we'll manage. Rangers going into liquidation and into the financial oblivion is probably the best thing for Scottish Football.

GIRFUY

:

**green glory** · 13-02-2012 04:47 PM

Because the facade of the main stand at Ibrox is a listed building, the rest of the stadium could be demolished leaving the biggest gravestone in Scotland for all to enjoy.

**Mixu62** · 13-02-2012 04:48 PM

I timed my trip back to Scotland well!! Seen Hibs win in the cup, keep 2 clean sheets and now this!! I'll come back more often I think.

***Hibbyradge*** · 13-02-2012 04:49 PM

Originally Posted by HibeeSince85

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You constructed that statement slightly wrong, I take it you meant out of court settlement? Why would HMRC do this? I think they will lose the case.

Thanks for sharing

It was constructed deliberately and perfectly.

Your desire impairs your vision.

Stand back and look again.

**Dinkydoo** · 13-02-2012 04:50 PM

Originally Posted by Mixu62

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I timed my trip back to Scotland well!! Seen Hibs win in the cup, keep 2 clean sheets and now this!! I'll come back more often I think.

Please do

**WindyMiller** · 13-02-2012 04:54 PM

Originally Posted by c31

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I'm afraid football debts take preference? so the yam would get their dosh, maybe!! But Rangers would have trouble meeting the criteria for playing in Europe unless the sfa cheat

Not in Scotland.
The SPL would ensure that any monies owed to clubs by the Huns would be paid from the TV and sponsorship monies due to the Huns.

**YehButNoBut** · 13-02-2012 04:54 PM

From Mike Farrel of STV on Twitter

Mike Farrell@mikefstv
HMRC confirm the outstanding tax case of more than £50m would be totally separate from any administration CVA.

http://news.stv.tv/scotland/west-cen...dministration/

**HibeeSince85** · 13-02-2012 04:56 PM

Originally Posted by Hibbyradge

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It was constructed deliberately and perfectly.

Your desire impairs your vision.

Stand back and look again.

It's clear that it was deliberate, as was my response.

If this is some riddle I can't work it out no matter how far back I stand!

You believe that HMRC will accept some sort of settlement with Rangers over the tax case, it would have to be a fairly large settlement for them to consider that, money Rangers don't have.

***Hibs Class*** · 13-02-2012 04:57 PM

Originally Posted by EasterRoad4Ever

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You really think the timing of this move by the Huns is independent of the outcome of the HMRC case ???? No chance. They've had legal advisers and accountants all over the case like a rash. If they were confident of winning they would not be doing this.

nope, I'll bet their advisers have now come to the conclusion that they will lose the case - hence Whyte trying to protect what he's got.

They know they risk losing everything, which is why Whyte will have been asset stripping what he can before trying to get away with just a semi-painful administration.

**H18sry** · 13-02-2012 04:58 PM

jim spence @bbcjimspence Reply Retweet Favorite · Open
Hearts due two further payments for Lee Wallace. Next one not due until summer. Dunfermline money due by wed 22 feb

**carnoustiehibee** · 13-02-2012 04:59 PM

“@bbcjimspence: Hearts still owed almost one million pounds from Rangers for Lee Wallace transfer. Dunfermline due around 80 k for Last Saturday's game.”

**Westie1875** · 13-02-2012 05:01 PM

Originally Posted by carnoustiehibee

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“@bbcjimspence: Hearts still owed almost one million pounds from Rangers for Lee Wallace transfer. Dunfermline due around 80 k for Last Saturday's game.”

Oh dear