Generic Sevco / Rangers meltdown thread

[stokesmessiah]

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C4 tonight at 7pm should be interesting

Hollyoaks??

What's happening?

[Joe's ice cream]

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C4 tonight at 7pm should be interesting

Take it your refering to this

http://blogs.channel4.com/alex-thoms...n-football/964

[DH1875]

I honestly can't believe this is still going on.

[ancient hibee]

I saw Paul Murray quoted as saying that Whyte should give the blue knights his Rangers shares for nothing.Rather gives the game away as to who Murray recognises as the actual owner-meaning that Whyte will want value for his holding-meaning that nothing will happen any time soon.

[jgl07]

Coming up on Channel Four News soon.

Hugh Adams to spill the beans?

Hopefully this will put some pressure on the SPL and the SFA to take action?

[Jack]

He sounded like the doddery auld bugger you avoid in the pub.

Not saying that what he's saying isn't true.

[cabbageandribs1875]

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So the last friday deadline is pretty flexible eh?

This is some administration....

you would think they admins are making the rules up as they go along eh without a doubt, it will be huntic in the top two spots in next seasons league as well

[StevieC]

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He sounded like the doddery auld bugger you avoid in the pub.

Not saying that what he's saying isn't true.

What did he say?

[green glory]

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What did he say?

Confirmed the existence of dual contracts and agreed it was cheating.

[greenginger]

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What did he say?

Roughly that there had been lots of payments made to players at Ibrox that was'nt in their contracts and that it had been cheating.

The guy Thomson will have to do better than tonight's program if he is going to breach the walls of SFA/SPL Old Firm corruption i'm afraid.

[grunt]

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The guy Thomson will have to do better than tonight's program if he is going to breach the walls of SFA/SPL Old Firm corruption in afraid.

I agree. After the build up of the last few days, the three blog posts which seemed to make some good points, the news item tonight left me a bit disappointed. It was a bit of a shock seeing Hugh Adams, who doesn't appear to be a well man. There's so much scope for investigation at Rangers just now, you would think that the media could score some serious damage against the club. Tonight, no mention of David Murray's role in the BTC.

[grunt]

As an aside, how poor has Gordon Smith been over the last two days? This guy was the Chief Executive of the SFA for goodness sake! Yesterday it was all, "I didn't know"; and tonight he's been busy explaining the extent of his non-job at RFC.

[greenginger]

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As an aside, how poor has Gordon Smith been over the last two days? This guy was the Chief Executive of the SFA for goodness sake! Yesterday it was all, "I didn't know"; and tonight he's been busy explaining the extent of his non-job at RFC.

I think the job of chief executive of the SFA was way too big a job for Smith.

He should have stuck to being a football agent for second raters and a part-time football pundit / full-time Old Firm a*re licker.

[HFC 0-7]

I see the SPL/SFA are going out to all the members to see if anyone else has been using dual contracts. I bet they hope a few clubs own up so that they can give everyone a wrap over the knuckles and not be seen as letting rangers off the hook.

http://www.bbc.co.uk/sport/0/football/17451592

[BEEJ]

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What did he say?

Frequent references in the piece to "this being rife in Scottish football" [sic] were irritating, to say the least.

It was as much a tilt at the whole game in Scotland as an expose of the fiasco at Ibrox.

[Eyrie]

Heard an alarming suggestion today that HMRC may accept a CVA for the Huns because their main objection is to England's football preferred creditor rule which doesn't apply in our country.

[jgl07]

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Heard an alarming suggestion today that HMRC may accept a CVA for the Huns because their main objection is to England's football preferred creditor rule which doesn't apply in our country.

What and send out a message to the effect that if you are stung for a £50 million tax bill, just hang on and increase the debt by another £15 million and then settle for £5 million via a CVA?

It all sounds like wishful thinking from the Huns much like the talk last week of a 'Treasury approved' deal with HMRC.

[CentreLine]

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I see the SPL/SFA are going out to all the members to see if anyone else has been using dual contracts. I bet they hope a few clubs own up so that they can give everyone a wrap over the knuckles and not be seen as letting rangers off the hook.

http://www.bbc.co.uk/sport/0/football/17451592

Tht's my concern. They are looking for any straw they can cling on to in order to save the (in)famous glasgow rangers. Absolutely finished with Scottish football if this goes unpunished regardless of how many teams "own up". I'd rather see all 12 SPL teams start again on the 3rd Division than any one go unpunished

[PaulSmith]

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Heard an alarming suggestion today that HMRC may accept a CVA for the Huns because their main objection is to England's football preferred creditor rule which doesn't apply in our country.

Today's budget will see measures aimed to claw back millions of tax lost through avoidance schemes, hardly seems like the right timing to then cut a deal with a company doing exactly that.

[Keith_M]

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I'll double your stake Keith and together we can form a consortium, buy a failing Scottish club and watch them rise from the ashes like a phoenix and return to their former glory. Would be nice to watch the Bluebell again after all those years ;-)

Ah the Bluebell. The pain of their demise is still too raw.



Maybe we could finish the greyhound stadium and locate them there. I feel a campaign coming on

[TornadoHibby]

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There was a bit yesterday on the beeb website comparing the three British clubs in administration Rangers
If the administrator's glass is half full at Port Vale and half empty at Pompey, it is sometimes hard to tell if the administrators even have a glass at Rangers. In fact, it is hard to tell if they are even administrators.
RANGERS

• Patient: The Rangers Football Club PLC
• Founded: 1872, 140 years of unbroken success
• Administrators: Paul Clark and David Whitehouse of Duff & Phelps, new to this field but come highly recommended
• Problem: Acute tax crisis, confused ownership issues, problems with authority, legal headaches, £40-90m of debt (further tests required)
• Prognosis: Still too early to tell but the spirit is willing

At the time of writing, the experts from Duff and Phelps (D&P) are heading to court to explain how they botched the process of putting the Old Firm giants into administration last month and why they should be allowed another chance to do so.
The mistake they made on that remarkable Valentine's Day was to forget to ask the UK's banking regulator, the Financial Services Authority (FSA), if it minded Rangers being placed in D&P's emergency care.
FSA approval is not a typical requirement because few football clubs ever come under the financial watchdog's auspices. But Rangers did when they toyed with the idea of issuing a credit card in 2008, an idea they dropped and then forgot about, apparently.
All very embarrassing, particularly in a week when the administrators had been hoping for some respite after a bruising start to their rescue mission.
The erstwhile joint administrators, Paul Clark and David Whitehouse, might have temporarily become interim managers as a result but their powers were basically the same, as were their responsibilities.
While the FSA snafu was a storm in a teacup, it did reveal two problems facing Clark and Whitehouse as they try to save a British cultural institution and global sports brand: one, they have no football experience; and two, they work for an American-owned firm based in England.
Taking that second point first, a clerical error like failing to check whether a company is FSA-registered can often be dealt with quickly and quietly by English judges. That is not the case north of the border.
The interim managers have also experienced some hairy moments with Scottish contempt of court laws, which are slightly different to the English ones. No harm has been done but you wonder whether they should be learning this stuff on such a high-profile job.
Not knowing the Scottish scene as instinctively as a local firm has had another effect that has been compounded by this being D&P's first football administration: the intense interest in their every move has, at times, mangled the message.
Knowing that they were perceived to be in the pocket of the club's controversial owner Craig Whyte, Clark and Whitehouse have gone to great lengths to prove their independence.
There is one other point worth making about D&P's outsider status, however: no Scottish firms wanted the work because they feared for their windows.
And that should tell you everything you need to know about which of the current administrations in British football will be the hardest to resolve successfully.

.

Are you, or anyone else for that matter, aware of a "local firm" who would have been up to the job and would have taken the appointment?!

[CropleyWasGod]

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Heard an alarming suggestion today that HMRC may accept a CVA for the Huns because their main objection is to England's football preferred creditor rule which doesn't apply in our country.

From whom? I'm intrigued.

[PatHead]

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From whom? I'm intrigued.

Bet you it was the Daily Mail.............................................. ...

[down the slope]

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Heard an alarming suggestion today that HMRC may accept a CVA for the Huns because their main objection is to England's football preferred creditor rule which doesn't apply in our country.

This from todays budget from the chancellor "Along the way Mr Osborne described aggressive tax avoidance as "morally repugnant". lets see if the taxman lets the huns off the hook following that ?.

[Eyrie]

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From whom? I'm intrigued.

A Celtc supporting partner in a CA firm, of all places. Not sure where he came across the suggestion though.

Was hoping that someone would shoot the idea down, so maybe Osbourne's the man?

[jgl07]

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A Celtc supporting partner in a CA firm, of all places. Not sure where he came across the suggestion though.

Was hoping that someone would shoot the idea down, so maybe Osbourne's the man?

Wishful thinking by the Celts?

It suits Celtc to have an impoversished Rangers limping along in the SPL.

[silverhibee]

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Wishful thinking by the Celts?

It suits Celtc to have an impoversished Rangers limping along in the SPL.

And celtc are not happy they are getting all the Sky money to themselfs.

http://www.dailyrecord.co.uk/2012/03...6908-23797197/

[Hibs Class]

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And celtc are not happy they are getting all the Sky money to themselfs.

http://www.dailyrecord.co.uk/2012/03...6908-23797197/

Same story here with the added benefit of not having to click on a daily weedge link.

http://www.bbc.co.uk/sport/0/football/17467025

[RyeSloan]

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Same story here with the added benefit of not having to click on a daily weedge link.

http://www.bbc.co.uk/sport/0/football/17467025

Sums up the situation perfectly...the fact is though the '10' voted for this 11-1 set up in the first place so only have themselves to blame.

Surely now thought is the time to change the OF dominance in terms of controlling the league once and for all, OK might not actually break their dominance in terms of winning the thing but we HAVE to start somewhere.

[ancienthibby]

It's a slow day for news on this thread, so this might help:

You can mess up the company payments, avoid the taxman, but DO NOT fail to pay her who must be obeyed!

http://www.scotsman.com/news/rangers...wife-1-2190318