Generic Sevco / Rangers meltdown thread

[HoboHarry]

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I can't possibly see now how there will be another enquiry into stripping Rangers of titles etc when the MD of The Rangers has just been elected onto the SPFL board. It now seems every other team (including Hibs) are now burying their head in the sand and hoping the issue just goes away. It's a pity no one in the media has the ba**s to take on the establishment.

Seems to me that a huge number of fans have been overcome by a wave of apathy also. Standing aside and saying nothing makes them as guilty as the so-called GFA and MSM......

[Ozyhibby]

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Seems to me that a huge number of fans have overcome by a wave of apathy also. Standing aside and saying nothing makes them as guilty as the so-called GFA and MSM......

Correct


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[GreenLake]

For years there was just one guy publishing the truth about corruption in FIFA while the media and our sporting authorities largely ignored it.

Justice had it's day eventually and Sepp Blatter and his mob were taken down.

Tick tock

[Onion]

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Or they just keep asking till someone gives the answer they want?

What then needs to be established is that persons qualification to offer guidance on the subject although this cant be checked because they cant name anyone who gave them said advice. It could have been the guy in the garage for all we know, although the guy in the garage would have known any scheme which loans you money which doesn't have to paid back, and that you don't have to pay tax on as long as don't write anything down, might be a bit dodgy.

The annoying thing is ... had the media been doing it's job properly, they would be interviewing a whole string of knowledgable lawyers on the matter - at least giving the public some insight to where the problem might exist. As it is, the west coast media's inaction and silence is deafening as it is shameful.

[ancient hibee]

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Seems to me that a huge number of fans have been overcome by a wave of apathy also. Standing aside and saying nothing makes them as guilty as the so-called GFA and MSM......

Rubbish.

[HoboHarry]

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Rubbish.

In your opinion. There will be plenty who agree with me but don't let that stand in your way......

[Bostonhibby]

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Seems to me that a huge number of fans have been overcome by a wave of apathy also. Standing aside and saying nothing makes them as guilty as the so-called GFA and MSM......

The yams can't, not now Mrs Budge has told them what she thinks.

Romanovesque.

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[Bostonhibby]

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In your opinion. There will be plenty who agree with me but don't let that stand in your way......

Count me in

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[HoboHarry]

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The yams can't, not now Mrs Budge has told them what she thinks.

Romanovesque.

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I'm genuinely mystified as to how Budge can cave this soon into her involvement with football. There must be some fearful skeletons in the closet...... Sporting integrity my a**e......

[Bostonhibby]

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I'm genuinely mystified as to how Budge can cave this soon into her involvement with football. There must be some fearful skeletons in the closet...... Sporting integrity my a**e......

Tainted trophies?

Less than transparent third party contract payments?

Turkey planning a new year party?



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[ancient hibee]

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In your opinion. There will be plenty who agree with me but don't let that stand in your way......

Stand in my way of what exactly?

[HoboHarry]

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Stand in my way of what exactly?

Whatever you want it to be - this will be my last reply to you as you are clearly looking for an argument and you don't seem to care much for a debate. Cheerio

[Spike Mandela]

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http://www.heraldscotland.com/news/1...cy/?ref=twtrec


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Premeditaded actions from this corrupt little ****er

[Brunswickbill]

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http://www.heraldscotland.com/news/1...cy/?ref=twtrec


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Is the article saying that he took the money from the EBT and ivested it in Eclpse, the tax evasion vehicle? Hilarious if that's what happened.

[The Falcon]

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Is the article saying that he took the money from the EBT and ivested it in Eclpse, the tax evasion vehicle? Hilarious if that's what happened.

Absolutely ludicrous if he can get away with this.

[CropleyWasGod]

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"Former Rangers star Barry Ferguson transferred luxury mansion into wife's name before bankruptcy" says the herald

Surely it's not that simple? I do know that in order to avoid care charges any transfer has to take place seven years before you need the service, it would seem ludicrous for someone to move their assetts to avaid paying debt?

In bankruptcy law, I believe the limit is 5 years.

IMO, it's good planning on his part. He (or his advisers) could see the way the wind was blowing in the Eclipse situation. He'd lost a lot of money, and HMRC were on his case (and that of many others).

He'll have to hope that his marriage is rock solid, though

[Keith_M]

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In bankruptcy law, I believe the limit is 5 years.

IMO, it's good planning on his part. He (or his advisers) could see the way the wind was blowing in the Eclipse situation. He'd lost a lot of money, and HMRC were on his case (and that of many others).

In essence, there is no punishment whatsoever to be meted out for his crimes.

Yet more evidedence that the law is an Ass.

[The Falcon]

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In bankruptcy law, I believe the limit is 5 years.

IMO, it's good planning on his part. He (or his advisers) could see the way the wind was blowing in the Eclipse situation. He'd lost a lot of money, and HMRC were on his case (and that of many others).

He'll have to hope that his marriage is rock solid, though

It says five in the article for bankrupcy yet the rule is seven years to avoid your parents home being sold to pay for care charges. Money is obviously more important than people in the eyes of the Law, which we already knew tbh.

That said he transferred ownership shortly before Rangers went into admin which, depending on the timing, may have been a few short months. And then managed to prevent himself going bankrupt till after the supreme court hearing. Spooky or what?

In a divorce situation, not that I would wish that on him, I am pretty sure his lawyers would be arguing quite vociferously that he contributed significantly to the upkeep and maintenace of the property and is due a settlement to reflect this.

[Ozyhibby]

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In essence, there is no punishment whatsoever to be meted out for his crimes.

Yet more evidedence that the law is an Ass.

Yip. It's stuff like this that turns people against capitalism.


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[CropleyWasGod]

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It says five in the article for bankrupcy yet the rule is seven years to avoid your parents home being sold to pay for care charges.

That said he transferred ownership shortly before Rangers went into admin which, depending on the timing, may have been a few short months. And then managed to prevent himself going bankrupt till after the supreme court hearing. Spooky or what?

In a divorce situation, not that I would wish that on him, I am pretty sure his lawyers would be arguing quite vociferously that he contributed significantly to the upkeep and maintenace of the property and is due a settlement to reflect this.

People are making the (understandable) leap in assuming that this is to do with the EBT situation. It's much more to do with Eclipse.

At the time of the asset transfer, he wouldn't have known that RFC were about to go into admin; much less, he couldn't have known how the EBT case would turn out. Indeed, the legislation that MIGHT trap him for the EBT tax wasn't proposed until this year's Budget, and still isn't law.

This was about shielding him from tax from the Eclipse business. As things turned out, it was one of his better financial decisions.

[grunt]

[Smartie]

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In bankruptcy law, I believe the limit is 5 years.

IMO, it's good planning on his part. He (or his advisers) could see the way the wind was blowing in the Eclipse situation. He'd lost a lot of money, and HMRC were on his case (and that of many others).

He'll have to hope that his marriage is rock solid, though

Mrs Ferguson has her hands clamped round his ballbag everywhere he goes now.

Bazza won't be getting any opportunities to play away from home.

For a footballer/ ex-footballer that might be the worst punishment possible.

[grunt]

Full press release here https://spfl.co.uk/news/article/spfl-press-release-84/

The first possible complaint relates to failure to disclose the full range of payments when players were registered. That complaint was ‘prosecuted’ before the LNS Commission. The decision of the Commission was subject to certain limitations. Principally, it proceeded on the assumption that the EBT scheme was lawful. Secondly, there has been some suggestion that the Commission had an incomplete understanding of the full range of undisclosed payments (though this has not been demonstrated). Notwithstanding these limitations, it is now too late to appeal the decision of the LNS Commission; and, applying the general principle of finality in litigation, it is not possible for the SPFL to bring a new or second complaint in respect of essentially the same matter
Read more at https://spfl.co.uk/news/article/spfl...DRwMwcGmTzK.99

[The Falcon]

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People are making the (understandable) leap in assuming that this is to do with the EBT situation. It's much more to do with Eclipse.

At the time of the asset transfer, he wouldn't have known that RFC were about to go into admin; much less, he couldn't have known how the EBT case would turn out. Indeed, the legislation that MIGHT trap him for the EBT tax wasn't proposed until this year's Budget, and still isn't law.

This was about shielding him from tax from the Eclipse business. As things turned out, it was one of his better financial decisions.

From the Whyte trial it would appear that those in the know accepted that an admin event was possible, if not probable, and had been pushing water uphill for quite a while. Rangers were being investigated by HMRC and were "obstructive, unhelpful and evasive" in that investigation into Rangers player payments, of which Ferguson was a major beneficiary, and an admin event could have meant that Rangers would lose control over the flow of information. HMRC have been chaing these payments and others , Celtic being one, complied. Rangers did not or could not. It is not hugely speculative to suggest this would have been the source of discussion amongst those it might affect.

I know nothing about Eclipse or the timescale of the "investments". Was this the same one Billy Dodds mentioned when confronted with the payment recieved to leave Rangers and did not question?

That said speculation and assumptions which show Old Rangers and their loyal servants in a less than honest light is something that I, sadly, find quite gratifying. Like reminding Yams that they bumped the Poppy fund.

Facts???

[CropleyWasGod]

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From the Whyte trial it would appear that those in the know accepted that an admin event was possible, if not probable, and had been pushing water uphill for quite a while. Rangers were being investigated by HMRC and were "obstructive, unhelpful and evasive" in that investigation into Rangers player payments, of which Ferguson was a major beneficiary, and an admin event could have meant that Rangers would lose control over the flow of information. HMRC have been chaing these payments and others , Celtic being one, complied. Rangers did not or could not. It is not hugely speculative to suggest this would have been the source of discussion amongst those it might affect.

I know nothing about Eclipse or the timescale of the "investments". Was this the same one Billy Dodds mentioned when confronted with the payment recieved to leave Rangers and did not question?

That said speculation and assumptions which show Old Rangers and their loyal servants in a less than honest light is something that I, sadly, find quite gratifying. Like reminding Yams that they bumped the Poppy fund.

Facts???

Ferguson likely wouldn't have known about the impending administration. If he did, it would have been a side-issue in his life at the time. The Eclipse issue would have been much more important.

Here's one article that will tell you something about Eclipse:-

https://www.aol.co.uk/money/2016/12/...at-went-wrong/

Hundreds of footballers invested in this. IIRC, Darren Jackson and Denis Viola (BF's agent?) have both been bankrupted as a result.

[Michael]

Why does the SPFL need legal power to determine if Rangers gained an unfair advantage? Surely this is all internal.

[Velma Dinkley]

Will the SPFL need to take legal advice every time it thinks about enforcing its own rules? Or will they only do it when they've already decided they don't want to enforce them?

[Geo_1875]

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Why does the SPFL need legal power to determine if Rangers gained an unfair advantage? Surely this is all internal.

Because they are a bunch arse-covering cowards.

[Geo_1875]

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Will the SPFL need to take legal advice every time it thinks about enforcing its own rules? Or will they only do it when they've already decided they don't want to enforce them?

They will claim that Deidco won the titles under the SPL rules and the SPFL can't touch them.

[green day]

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Ferguson likely wouldn't have known about the impending administration. If he did, it would have been a side-issue in his life at the time. The Eclipse issue would have been much more important.

Here's one article that will tell you something about Eclipse:-

https://www.aol.co.uk/money/2016/12/...at-went-wrong/

Hundreds of footballers invested in this. IIRC, Darren Jackson and Denis Viola (BF's agent?) have both been bankrupted as a result.

Wow, that's an absolute stinger. Invest £100k, get hit with £1m tax bill !! No wonder these guys were forced to go bankrupt.

Shame if they got advice on it too.