Generic Sevco / Rangers meltdown thread

[JimBHibees]

I thought there were going to be allegations of phone hacking in this programme.

[Jack]

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Is it a Golden Receiver?

Called Rusty!

[Sergey]

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The Court can remove an Administrator, but I think there would have to be a petition from some other interested party, eg a creditor.

As for investigation, unless there was a suggestion of fraud, the only one I could see would be one by D & P's professional body for the alleged conflict of interest.

A side note.... it rips my knitting that people constantly refer to , in this case the forensic accountant, the Institute of Chartered Accountants.There ain't no such beast. There is the ICA of Scotland, the ICA of Ireland, and the ICA in England and Wales. Rant done.

Surely this is where the HMRC come into their own, considering they tried an 11th hour injunction to get a different administrator appointed prior to Whyte appointing Duff & Phelps.

Who is sitting on the forthcoming creditors panel? The ones who have to agree any pence to the pound settlement?

Is there even a definitive creditors list?

[down-the-slope]

Highlights...(or lowlights if a Rangers Fan)

David Murrays wealth put into Rangers was in fact circular bank loans via his companies

There were 111 (yes thats ONE HUNDRED & ELEVEN) induvudual EBT's within the main Trust and Beeb claim to have side letters (proving it was contractural) in a good number of these

President of SFA was an EBT beneficiary while at Rangers

At least one (Souness) receiving EBT payments after leaving (that just happen to co-incide with Tugay going from Gers to his new club)

Partner of Duff & Phelps (David Grier)appears to have lied about knowing of Ticketas Deal to Fund Whytes Take over

Forensic accountant reckons if true the Administartors are guilty of the worst case of conflict of interest he has seen

The letter from David Grier to Rangers confirming funds for take over were in place..was recycled info from a company Whyte owned (and is now bust)...and no one checked this.

The guy negotiating for SDM to find new buyer believed Whyte wehen he told him Prince Albert of Monaco was investing in Whytes take over...


etc etc

[Paisley Hibby]

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I thought there were going to be allegations of phone hacking in this programme.

Good point - so did I. Maybe the BBC is keeping that for the sequel

[McSwanky]

So are the BBC still regarded as being pro Rangers?

[GordonHFC]

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Didn't HMRC originally apply to have an administrator appointed and Whyte furiously argued for D&P in the court? My guess is that a great deal of the EBT content has been leaked from within HMRC and that this may actually be a prelude for HMRC, as the major creditor, to go back to the court, have D&P kicked out and then have their own administrators appointed leading to eventual liquidation. What is now obvious is the inadequacy of the SPL's rules and Doncaster's disingenuous attempts to justify the newco route without penalties. I doubt when the rules were first drawn up that anyone thought that 'we are the people' would embark upon a cheating and alleged criminal route. Close them down and expel them which we were told last week after the appeal was an option available to the committee originally appointed.

If the SPL/SFA find them guilty of double contracts, which I believe they will, then surely them being expelled is the only course of action they can make?

[Ryan91]

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If the SPL/SFA find them guilty of double contracts, which I believe they will, then surely them being expelled is the only course of action they can make?

According to the rule book, that is probably the case. However, as we know, the rulebook is never taken into account when dealing with the OF.

[forthhibby]

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So are the BBC still regarded as being pro Rangers?

Well I'd imagine they'll have one less rangers pundit after billy 'my wages were paid normally' Dodds resigns his job

[TheEastTerrace]

http://www.rangers.co.uk/news/footba...rticle/2786614

http://www.rangers.co.uk/news/footba...rticle/2786598

Who's tellin the fibs then? I feel asleep reading them!

[Www1875hfc]

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Well I'd imagine they'll have one less rangers pundit after billy 'my wages were paid normally' Dodds resigns his job

‎2 March Billy Dodds stated categorically on BBC Sportsound he 'did not have an EBT'

Yet that list states he recieved 190,000 ?

Also Campbell Ogilvie 95,000.

Time for Ogilvie to stand down.
Scottish football is rotten to the core,and its just jobs for the boys.

[down-the-slope]

Newsnight Scotland on Beeb 2 .... Paul Murray apparently a guest....

[shagpile]

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It did, however, provide evidence of what we all thought.

A wee bit surprised to see George Adams on that list.

Missed the prog so haven't watched it yet[sky+]. Father of ex assistant manager Derek Adams?

[HibbyDave]

Don't suppose any referees appeared on the list or "Super ar*ehole"?

[HibbyDave]

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Interesting to note that there is also evidence that Celtic used an EBT which they did not declare to the SPL to aid in the payment of Juninho when he was with the club - granted, the amount is paltry by comparison to Rangers but nonetheless, they're clearly not alone in using the system and failing to declare:

Cracks appearing? what other clubs are currently bricking it?

[Bighoose]

Bob Malcolm had an EBT ..... perhaps someone can ask him to explain how that worked then.

"Err err err dunno like"

If Big Tax Case goes against RFC then surely what they have done is tantamount to match fixing by playing players they otherwise couldn't have afforded.

[ehf]

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Sadly i think they are almost right....That will not change a thing.

No mate, this changes everything. That programme will have been in production for months and the BBC's lawyers will have been all over it. So what we got tonight is only the material they can 100% go public with.

They have evidence that Papac was on a double contract:so every game the Huns played last season (save for any when Papac wasn't in the squad) they lost 0-3. Slimecaster can equivocate all he likes but EUFA will call the shots now: this isn't some dodgy blog, it's the BBC. So, yay - we finished 10 last season and all that worry about relegation was a waste of time! And the Huns will be stripped of the hounours that we, the honest taxpayers, kindly bought for them in the 3 preceding seasons.

Never been a great fan of the BBC before, but I am proud of them tonight!

[sadtom]

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It did, however, provide evidence of what we all thought.

A wee bit surprised to see Gerry Adams on that list.

Fixed that for you.


Now THAT would have been a surprise!!

[stokesmessiah]

By the way....I have a new favourite moment in this whole debacle.

Cue Paul Baxendale-Walker......"Porn doesn't make you blind, running EBT's badly does"

Side splitting, pant wettingly funny.

[H18sry]

http://www.bbc.co.uk/news/uk-scotlan...-west-18148818

[stokesmessiah]

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No mate, this changes everything. That programme will have been in production for months and the BBC's lawyers will have been all over it. So what we got tonight is only the material they can 100% go public with.

They have evidence that Papac was on a double contract:so every game the Huns played last season (save for any when Papac wasn't in the squad) they lost 0-3. Slimecaster can equivocate all he likes but EUFA will call the shots now: this isn't some dodgy blog, it's the BBC. So, yay - we finished 10 last season and all that worry about relegation was a waste of time! And the Huns will be stripped of the hounours that we, the honest taxpayers, kindly bought for them in the 3 preceding seasons.

Never been a great fan of the BBC before, but I am proud of them tonight!

I am not disagreeing with you at all, it still wont change anything though.

[ehf]

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Yeah, but I can assure you that the guys at D&P won't be members of ICAS.

They will be licensed Insolvency Practitioners - but certain to be struck off now!

[clerriehibs]

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No mate, this changes everything. That programme will have been in production for months and the BBC's lawyers will have been all over it. So what we got tonight is only the material they can 100% go public with.

They have evidence that Papac was on a double contract:so every game the Huns played last season (save for any when Papac wasn't in the squad) they lost 0-3. Slimecaster can equivocate all he likes but EUFA will call the shots now: this isn't some dodgy blog, it's the BBC. So, yay - we finished 10 last season and all that worry about relegation was a waste of time! And the Huns will be stripped of the hounours that we, the honest taxpayers, kindly bought for them in the 3 preceding seasons.

Never been a great fan of the BBC before, but I am proud of them tonight!

Unfortunately, those sanctions would apply to Rangers ... not newco Rangers.

[ehf]

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I am not disagreeing with you at all, it still wont change anything though.

Er, you said it would't change anything, I said it changes everything, you say you're not disagreeing with me but it still won't chane anything??? Maybe you should apply to join Duff + Phelps...

[CropleyWasGod]

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They will be licensed Insolvency Practitioners - but certain to be struck off now!

...only if the allegations are proved correct.

[stokesmessiah]

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Er, you said it would't change anything, I said it changes everything, you say you're not disagreeing with me but it still won't chane anything??? Maybe you should apply to join Duff + Phelps...

My apologies, allow me to be clearer.

I agree with everything you said which should happen however this program is going to change nothing, as much as we all want them to suffer properly it wont happen.

[ehf]

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Unfortunately, those sanctions would apply to Rangers ... not newco Rangers.

But the newco inherits the oldco's history: which will be minus the honours they "won" during the cheating years.

[Part/Time Supporter]

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My apologies, allow me to be clearer.

I agree with everything you said which should happen however this program is going to change nothing, as much as we all want them to suffer properly it wont happen.

People said that about the first documentary. It directly led to the SFA investigation, which resulted in the 12 month transfer embargo.

[snooky]

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http://www.bbc.co.uk/news/uk-scotlan...-west-18148818

Smile Nid, you're on Candid Camera.

[clerriehibs]

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But the newco inherits the oldco's history: which will be minus the honours they "won" during the cheating years.

I don't think it does; it's a completely blank sheet, regardless of honest practise or cheating. And whatever the newco's history is or isn't, the Rangers fans will count whatever has gone before as their history, whatever anyone else, including the law, says. But Doncaster and the other SPL members who have no conscience won't bother about that, they just want Rangers in whatever form in the SPL.