Generic Sevco / Rangers meltdown thread

[ancienthibby]

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At £24m, that's a helluva good seat.

Is it a recliner?

No. It's a hospital bed!

[greenginger]

http://rangerstaxcase.com/2012/03/09/its-a-deal/


The Rangers Tax Case blogger seems sure talk of HMRC doing a deal with der Hun as " Utter Bollox "

[JeMeSouviens]

From rangerstaxcase.com (who has been a helluva lot more accurate over the last year than any of the papers) on rumours of an HMRC deal:

An actual source close to the facts of this story described the latest wave of claims of about a Treasury sanctioned deal as “utter bollocks”.

[greenginger]

SNAP !

[blackpoolhibs]

SSN reporting no redundancies at ibrox, not even office or shop staff ?

[johnrebus]

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http://rangerstaxcase.com/2012/03/09/its-a-deal/


The Rangers Tax Case blogger seems sure talk of HMRC doing a deal with der Hun as " Utter Bollox " :thumbsup:

Lets hope he's right.

IICR the story about, ' treasury permission', was written by Roddy Forsyth in the Guardian. Dear old Roddy is a dyed in the wool Hun, I'm sure he wanted to believe it.......,

[JeMeSouviens]

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SNAP !

damn you're quick!

[PaulSmith]

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http://rangerstaxcase.com/2012/03/09/its-a-deal/


The Rangers Tax Case blogger seems sure talk of HMRC doing a deal with der Hun as " Utter Bollox "

http://www.bbc.co.uk/sport/0/football/17213691 - all be the below is about Port Vale it is relevant to this case.

HMRC told BBC Sport that they would not discuss individual cases, but said all clubs have a responsibility to pay their taxes on time.
“Any business that regards paying tax as an optional extra after other expenses are met, or that uses tax collected from employees or customers as working capital, is potentially heading for trouble,” said HMRC.
“It is only fair to those clubs and to other taxpayers who do meet their obligations that HMRC enforces payment of tax debts owed – and if need be, issues a winding up petition or seeks to appoint an administrator.
“There is little HMRC can do for a business – be it a football club or not – whose viability is dependent either on not paying the UK taxes to which they are liable, or on special treatment not available to other customers with similar tax affairs.”

[stokesmessiah]

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http://www.bbc.co.uk/sport/0/football/17213691 - all be the below is about Port Vale it is relevant to this case.

HMRC told BBC Sport that they would not discuss individual cases, but said all clubs have a responsibility to pay their taxes on time.
“Any business that regards paying tax as an optional extra after other expenses are met, or that uses tax collected from employees or customers as working capital, is potentially heading for trouble,” said HMRC.
“It is only fair to those clubs and to other taxpayers who do meet their obligations that HMRC enforces payment of tax debts owed – and if need be, issues a winding up petition or seeks to appoint an administrator.
“There is little HMRC can do for a business – be it a football club or not – whose viability is dependent either on not paying the UK taxes to which they are liable, or on special treatment not available to other customers with similar tax affairs.”

I think that was actually lazy BBC journalism because that is word for word what was said at the time of Rangers going into administration...copied and pasted into a story about Port Vale.

[stokesmessiah]

http://forum.rangersmedia.co.uk/inde...owtopic=213508

You could not make those clowns up.

[PaulSmith]

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I think that was actually lazy BBC journalism because that is word for word what was said at the time of Rangers going into administration...copied and pasted into a story about Port Vale.

Fair play if it is but why then would that stance so dramatically change. Only surely the PM or that ilk would manage to influence a change, is he thinking about politics here and the Union rather than the tax payer?

[WindyMiller]

It just gets better for the "Billionaire saviour" of the institution.


http://www.bbc.co.uk/news/uk-scotlan...iness-17314070

[stokesmessiah]

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Fair play if it is but why then would that stance so dramatically change. Only surely the PM or that ilk would manage to influence a change, is he thinking about politics here and the Union rather than the tax payer?

I guess it depends on what you read some people saying a deal can get done and others saying its not happening. I think a huge amount of the stuff we read is put out there to try and influence goings on.

[Keith_M]

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It just gets better for the "Billionaire saviour" of the institution.


http://www.bbc.co.uk/news/uk-scotlan...iness-17314070

"Mr Whyte resigned as Pritchards' company secretary after that ruling.
He said he wanted to focus on his role at Ibrox."

Makes a change to "spending more time with the family" I suppose.

However, exactly what is he doing with all this new found free time at Ibrox? Has he uncovered more stuff in the attic and he's now down at Paddy's Market trying to get rid?

[calmac12000]

Just listening to that fat blob Traynor on BBC Scotland saying basically that +we don't want to be too hard" on the Huns, just who does he mean he certainly doesn't speak for me or indeed most non-Huns in Scotland. Its so predictable that all the forces of the Scottish establishment will join forces to ensure they don't get kicked out of the SPL. If they do...

[PaulSmith]

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I guess it depends on what you read some people saying a deal can get done and others saying its not happening. I think a huge amount of the stuff we read is put out there to try and influence goings on.

I think your right, the pressure on the Rangers players to accept a 75% pay cut was huge, basically if they didn't the Rangers were liquidated.

So the administrators have to protect the creditors, they need a short term fix otherwise the current liabilities close the club. But now they have a win/win where they fulfil the SPL fixtures, keep the assets (the players). Therefore the club plods along until the next transfer window but then has a cash injection from the selling of those players which they couldn't do until the window opens.

[CA Hibby]

For some of you guys that are more clued up than me, talk last night about the Huns centered around the guy riding in on a white horse as Joe MaCall (I think that was his first name), was too busy laughing at there justification of being saved to pay attention.

Anybody heard this?

[down-the-slope]

It seems from reports over last couple of hours that Ticketus are interested in buying - maybe as part of consortioum - the club....

Darn it...that has a ring of potential...can they not just go bust

[ancienthibby]

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It seems from reports over last couple of hours that Ticketus are interested in buying - maybe as part of consortioum - the club....

Darn it...that has a ring of potential...can the not just go bust

It's all been sorted!!

http://www.bbc.co.uk/sport/0/football/17311003

[Hibernia&Alba]

The agreed wage cuts mean they will have the money to see the season out, but it will be interesting to learn what clauses the players have insisted upon for their protection. The cuts will only be temporary and many players will have to go in the transfer window, unless the magical new buyer comes forward.

Overall, though it keeps the wolves from the door for now, does this news actually diminish the danger of liquidation at some point, and, if so, by what degree?

[Part/Time Supporter]

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http://www.bbc.co.uk/sport/0/football/17213691 - all be the below is about Port Vale it is relevant to this case.

HMRC told BBC Sport that they would not discuss individual cases, but said all clubs have a responsibility to pay their taxes on time.
“Any business that regards paying tax as an optional extra after other expenses are met, or that uses tax collected from employees or customers as working capital, is potentially heading for trouble,” said HMRC.
“It is only fair to those clubs and to other taxpayers who do meet their obligations that HMRC enforces payment of tax debts owed – and if need be, issues a winding up petition or seeks to appoint an administrator.
“There is little HMRC can do for a business – be it a football club or not – whose viability is dependent either on not paying the UK taxes to which they are liable, or on special treatment not available to other customers with similar tax affairs.”

That's word for word the same statement they issued about the Huns a couple of weeks back. The talk of HMRC taking 10p in the £ is wishful thinking from the same bunch of "journalists" who were telling us last summer that Craig Whyte was the "whyte knight" who was going to give Super Ally a "warchest". Pish utter.

[Part/Time Supporter]

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I think that was actually lazy BBC journalism because that is word for word what was said at the time of Rangers going into administration...copied and pasted into a story about Port Vale.

It's not lazy journalism, it's HMRC issuing a standard statement for any football club with tax debts. ie there isn't any favouritism from them to the Huns.

[snooky]

Will Specsavers up their sponsorship monies to compensate for the 75% wage cut?

[greenginger]

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For some of you guys that are more clued up than me, talk last night about the Huns centered around the guy riding in on a white horse as Joe MaCall (I think that was his first name), was too busy laughing at there justification of being saved to pay attention.

Anybody heard this?

http://en.wikipedia.org/wiki/Jim_McColl

I think this is the guy you are thinking about. Hope he has too much sense to get involved with Bigots 1873.

[PaulSmith]

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http://en.wikipedia.org/wiki/Jim_McColl

I think this is the guy you are thinking about. Hope he has too much sense to get involved with Bigots 1873.

Can't recall which paper it was in but he categorically denied a wish to get involved in rangers within the last 24hrs

[WindyMiller]

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The agreed wage cuts mean they will have the money to see the season out, but it will be interesting to learn what clauses the players have insisted upon for their protection. The cuts will only be temporary and many players will have to go in the transfer window, unless the magical new buyer comes forward.

Overall, though it keeps the wolves from the door for now, does this news actually diminish the danger of liquidation at some point, and, if so, by what degree?

The agreement with the players only stands as long as the club are in administration, if the club comes out of it, then they get to go back to full wages.

[killie-hibby]

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Just listening to that fat blob Traynor on BBC Scotland saying basically that +we don't want to be too hard" on the Huns, just who does he mean he certainly doesn't speak for me or indeed most non-Huns in Scotland. Its so predictable that all the forces of the Scottish establishment will join forces to ensure they don't get kicked out of the SPL. If they do...

Tonights Sportsound was even more vomit inducing than usual. Continual references to todays developments as "a good news story" "Rangers are a family club" "some supporters just dont get it that Rangers bring money to their clubs,just look at how much Dunfernline got". They (Traynor,Dodds,Young et al) express their own emotions while conventiently abdicating the journalists role of reporting factually.

[down-the-slope]

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The agreed wage cuts mean they will have the money to see the season out, but it will be interesting to learn what clauses the players have insisted upon for their protection. The cuts will only be temporary and many players will have to go in the transfer window, unless the magical new buyer comes forward.

Overall, though it keeps the wolves from the door for now, does this news actually diminish the danger of liquidation at some point, and, if so, by what degree?

It staves off iminent liquidation. But if they are still in admin in 3 weeks then no Europe = less money = less chance of buyer. Remember Ticketus own 30,000 (if deal is correct) tickets for next 3 years..so in effect they only have 22,000 seats to sell / income to get.

The 'Brand' must be reduced in value to sponsors - no one with squeaky clean image will want to work with fraudsters

If they have done a deal to release for free / low fees (lets say £2million whitty etc - guess work) then they will easily sell them get cash reduce high earners and replace with decent cheaper players and carry on....which would be dissapointing as they really need to go bust to allow the changes to be forced...otherwise it will be a mere blip....

[Littlest Hobo]

Sick to death of hearing about how we need the Huns, doesn't anyone in the Scottish media have any real vision of what the future might/could hold if they were to go into liquidation.

Wouldn't it open the door for another team to compete for CL. Or even the SPL? Surely the crowds would rocket?

[jdships]

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The agreed wage cuts mean they will have the money to see the season out, but it will be interesting to learn what clauses the players have insisted upon for their protection. The cuts will only be temporary and many players will have to go in the transfer window, unless the magical new buyer comes forward.

Overall, though it keeps the wolves from the door for now, does this news actually diminish the danger of liquidation at some point, and, if so, by what degree?

I am friends with a man whose son is a "youth player" at Hunbrox and am only quoting what he told me this afternoon .
It would seem that the hold up has been due to a number of senior players wanting a clause giving them a " free transfer" at season end in return for taking a 75% wage cut.
This would allow them as " free agents" to negotiate massive " signing on " fees due to there being no transfer fee involved .
If this is correct it would leave Rankers with fewer assets to sell in next window

Please " don't shoot the piano player etc . " I am only repeating what I was told

P.S. This is the second source I have heard this story from