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31 Jan 12
09:40
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Yaldee 14 Feb 12 11:54
...You have used money you never had = Cheating & Lets forget Honest Mistakes edged you to your tainted success
Shame you had no ref help in Europe = 25 matches without victory ..pmsl
Lots more to come out about corrupt fc
Rangers last win in a competitive European match appears to have occurred against Bursaspor at Ibrox on 29 September 2010 in the Champions League Group Stage. Since that date Rangers appear to have played only 12 European matches.
Given that Rangers appear not to have played 25 consecutive European matches without a victory, I considered the possibility that you meant to state 25 consecutive away matches instead. Upon checking, I found that Rangers last away victory in a European match appears to have occurred against Sporting Lisbon on 10 April 2008 in the Uefa Cup QF. Since that date Rangers appear to have played only 13 European matches at away/neutral venues.
Therefore, Rangers have not played 25 consecutive matches in Uefa competitions without a victory as you implied. Rangers have played 25 consecutive competitive European matches without an away victory but only 13 of those matches were at away or neutral venues. A record that compares very favourably to some other Scottish Clubs.
Rangers are currently ranked 14 places higher than Celtic in the Uefa Team Ranking 2012. Those rankings are based on the respective performance of each of the Clubs in Uefa competitions over the past 5 seasons and thus are not subject to the imaginary influence of Masonic boogie-men.
...You have used money you never had = Cheating & Lets forget Honest Mistakes edged you to your tainted success
Shame you had no ref help in Europe = 25 matches without victory ..pmsl
Lots more to come out about corrupt fc
Rangers last win in a competitive European match appears to have occurred against Bursaspor at Ibrox on 29 September 2010 in the Champions League Group Stage. Since that date Rangers appear to have played only 12 European matches.
Given that Rangers appear not to have played 25 consecutive European matches without a victory, I considered the possibility that you meant to state 25 consecutive away matches instead. Upon checking, I found that Rangers last away victory in a European match appears to have occurred against Sporting Lisbon on 10 April 2008 in the Uefa Cup QF. Since that date Rangers appear to have played only 13 European matches at away/neutral venues.
Therefore, Rangers have not played 25 consecutive matches in Uefa competitions without a victory as you implied. Rangers have played 25 consecutive competitive European matches without an away victory but only 13 of those matches were at away or neutral venues. A record that compares very favourably to some other Scottish Clubs.
Rangers are currently ranked 14 places higher than Celtic in the Uefa Team Ranking 2012. Those rankings are based on the respective performance of each of the Clubs in Uefa competitions over the past 5 seasons and thus are not subject to the imaginary influence of Masonic boogie-men.
You should have every asset sold until you pay what you owe. You bought league titles you couldn't pay for !
You cheated the queen and crown you sing about every week. You reap what you sow !!
Let's hope it's not just the administrator let's hope it's the liquidator. That's what Rankers deserve.
There will be very few tears outside of Greyskull, you robbed and cheated anyone you could. The other clubs above need that cash you knew you couldn't pay, just like buying players you couldn't afford to win league titles.
The lying thief that is Murray should be brought to bear as well. He created this mess and walked away.
Do you huns still believe it's all Craig Whyte's fault ?
You cheated the queen and crown you sing about every week. You reap what you sow !!
Let's hope it's not just the administrator let's hope it's the liquidator. That's what Rankers deserve.
There will be very few tears outside of Greyskull, you robbed and cheated anyone you could. The other clubs above need that cash you knew you couldn't pay, just like buying players you couldn't afford to win league titles.
The lying thief that is Murray should be brought to bear as well. He created this mess and walked away.
Do you huns still believe it's all Craig Whyte's fault ?
I am amazed they have lasted this long . Rangers fans are mainly jogging bottom wearing obese not that smart dole boys claiming allsorts from the social. its usually the poor and dregs of society that get s hat on. oh well, c'est la vie. oh and yes, my second team is Glasgow Celtic. 
The flotsam and jetsam pictured on SkySports outside Ibrox -- booing Whyte- on Monday night was more like Barlinnie's exercise yard. Some of the guys looked like they'd only just learnt to stand upright although their knuckles were still dragging on the pavement.
If there are more revelations about Whyte's tenure then I wouldn't like to be in his tassled loafers. (And who is his tailor? Does he get his suits from the Salvation Army?)
If there are more revelations about Whyte's tenure then I wouldn't like to be in his tassled loafers. (And who is his tailor? Does he get his suits from the Salvation Army?)
WHYTE WON'T GIVE A FUCCK WHAT PEOPLE THINK, WON'T CARE HE SIGNED PLAYERS HE HAD NO INTENTION OF PAYING FOR, THAT STAFF THAT HAVE BEEN THERE FOR YEARS WILL GET THE BULLET ETC HE WON'T GO NEAR IBROX ONCE HE'S SOLD UP.
HIM BEING ADVISED BY THE ADMINISTRATOR BEFORE HE TOOK OVER THE CLUB SPELLS IT ALL OUT.
TAKE OVER, SPLIT THE ASSETS FROM THE CLUB, TAKE EVERY PENNY OUT YOU CAN, RUN THE CLUB DOWN PUT IT IN ADMINISTRATION REACH AN AGREEMENT WITH CREDITORS HEY PRESTO DEBT FREE CLUB AND HE STILL HAS THE MAIN ASSETS AND SELL TO BUYERS ALREADY LINED UP.
ITS ALL ON HMRC THEY HAVE TO TAKE A STAND IF AS BELIEVED THEY HAVE BIGGER FISH TO FRY THAN RANGERS THEY CANNOT BEND THEY HAVE TO SHOW TO THE BIGGER FISH THEY WILL NOT BE FUCCKED WITH. THE TAXPAYER WOULD LOSE OUT ON THE RANGERS CASE BUT WOULD BENEFIT LONG TERM. NO DEAL ITS LIQUIDATION TIME.
HIM BEING ADVISED BY THE ADMINISTRATOR BEFORE HE TOOK OVER THE CLUB SPELLS IT ALL OUT.
TAKE OVER, SPLIT THE ASSETS FROM THE CLUB, TAKE EVERY PENNY OUT YOU CAN, RUN THE CLUB DOWN PUT IT IN ADMINISTRATION REACH AN AGREEMENT WITH CREDITORS HEY PRESTO DEBT FREE CLUB AND HE STILL HAS THE MAIN ASSETS AND SELL TO BUYERS ALREADY LINED UP.
ITS ALL ON HMRC THEY HAVE TO TAKE A STAND IF AS BELIEVED THEY HAVE BIGGER FISH TO FRY THAN RANGERS THEY CANNOT BEND THEY HAVE TO SHOW TO THE BIGGER FISH THEY WILL NOT BE FUCCKED WITH. THE TAXPAYER WOULD LOSE OUT ON THE RANGERS CASE BUT WOULD BENEFIT LONG TERM. NO DEAL ITS LIQUIDATION TIME.
jt45 Joined: 18 Jul 10
Replies: 260 15 Feb 12 02:47
My Apolgy , you have indeed won once in the last 25 ,a home win against
Turkish giants Bursaspor...Im 4% wrong ...
ddldldlldlldwdllddddldldl.........Remarkable
http://i39.tinypic.com/11w6i5f.gif
Replies: 260 15 Feb 12 02:47
My Apolgy , you have indeed won once in the last 25 ,a home win against
Turkish giants Bursaspor...Im 4% wrong ...
ddldldlldlldwdllddddldldl.........Remarkable
http://i39.tinypic.com/11w6i5f.gif
If you want to know why nearly no one in Scotland have any sympathy for Rangers and would gladly see them go bust, then just read longchamps little poem.
you knew in 2007 they avoided tax paying? well done gettin a username ahead of the times.
I feel like a song too.....
When the going gets tough, the fans stop going.
When the going gets tough, the fans stop going.
Truth is Big Jock put Rangers in this position / they spend a fortune to equal his 9 in a row + a fortune to Advocaat to win the big Cup.....
Todays Rangers trouble are indeed Jock Steins legacy & helped by a law brought in by King Billy .....Perhaps Big Jock Did Know..
Todays Rangers trouble are indeed Jock Steins legacy & helped by a law brought in by King Billy .....Perhaps Big Jock Did Know..
http://www.youtube.com/watch?v=RnjzOpdc1x0&feature=youtu.be
Still to be confirmed.
From a Rangers site.
***BREAKING NEWS***
****************************
The first tier tax tribunal has delivered it's verdict on the tax bill which potentially could signal the end for Rangers. They have found in favour of Rangers as they cannot prove the intent was to defraud the tax payer by way of using the EBT's.
HMRC are to appeal but believe it will be a lost cause as they have put all of their evidence before the courts already.
Rangers administrators are therefor able to do a slightly better deal for creditors which will allow the club to exit administration before the Euro deadline for licensing.
From a Rangers site.
***BREAKING NEWS***
****************************
The first tier tax tribunal has delivered it's verdict on the tax bill which potentially could signal the end for Rangers. They have found in favour of Rangers as they cannot prove the intent was to defraud the tax payer by way of using the EBT's.
HMRC are to appeal but believe it will be a lost cause as they have put all of their evidence before the courts already.
Rangers administrators are therefor able to do a slightly better deal for creditors which will allow the club to exit administration before the Euro deadline for licensing.
that was taken from rangers rumours
you do realise that anyone can post rumours on that site
you do realise that anyone can post rumours on that site
The rangers fans have changed their song from "Hullo Hullo" to "Cheerio Cheerio"
meanwhile the tickitus money has not been in the rangers accounts according to the administrators
another lie from wee craiggy
another lie from wee craiggy
Rangers will all ways be there, either first or second in the SPL .anyone who thinks other wise is a dumb fecker
Goodness knows what will happen if the Gers come out of this debt free with big hitters waiting in line to invest in the club?
Dont think that would be fair myself though it is a possibility.
Dont think that would be fair myself though it is a possibility.
Would it be correct to think that Celtic, through paying all their taxes, have actually been a better contributor than Rangers to her majesty's coffers and have also provided more finances towards the British army??
skullery 16 Feb 12 18:26
Rangers will all ways be there, either first or second in the SPL .anyone who thinks other wise is a dumb fecker
... well said skullery. never a truer word spoken.
Rangers will all ways be there, either first or second in the SPL .anyone who thinks other wise is a dumb fecker
... well said skullery. never a truer word spoken.
dashero 16 Feb 12 20:54
Would it be correct to think that Celtic, through paying all their taxes, have actually been a better contributor than Rangers to her majesty's coffers and have also provided more finances towards the British army??
... the same team and fans that refused to wear poppys last year?
Would it be correct to think that Celtic, through paying all their taxes, have actually been a better contributor than Rangers to her majesty's coffers and have also provided more finances towards the British army??
... the same team and fans that refused to wear poppys last year?
What has that got to do with celtic paying more tax to the treasury ?
to suggest celtic provide more to the BRITISH army is laughable!!
How so? Rangers football club has underpaid it's taxes to the tune of £75 milllion and are now trying to get out of paying the full amount, all the time Celtic have been paying their taxes on time and in full! Whether celtic like it or not they are now the quintessential british club.
PS I am in no doubt that Rangers provide more support to the British army and her majesty, it's just not financial support!!
fair enough. im not arguing mate. just cant see a club who cant support the troops being bothered about providing money for the army! its ironic really!
Celtic fans creaming themselves at Rangers predicament are way off the mark. Like him or loathe him Craig Whyte has played a blinder here and Hmrc will be lucky to see a chunk of that money...
rangewrs will have some gall if they bring troops on the pitch again when their non-paying of tax couldve led to some deaths in the armed forces.
they have already done it at least twice this season whilst withholding paye
big loss for all the other clubs , just seen the stats and rangers take the most away fans to other grounds .
Breaking news:
Ibrox Stadium to be renamed the Inland Revenue Arena. It's only provisional though.
Ibrox Stadium to be renamed the Inland Revenue Arena. It's only provisional though.
... the same team and fans that refused to wear poppys last year?
EVERY YEAR !
JELLY AND ICE CREAM WHEN RANKGERS DIE !
EVERY YEAR !
JELLY AND ICE CREAM WHEN RANKGERS DIE !
These scumbags even owe Arbroath £20,000 for the away tickets in the round before getting pumped from Dundee Utd.
They should never have been allowed to play United in the last round, with outstanding monies owed to Arbroath.
The SFA, as we know are ridden with the scum and have ultimately been complicit in the demise of der stench, with their silence.
They will have a full house in their final game at the Bigot Dome tomorrow, where the final nail will be rammed home, when their racist, sectarian knuckle dragging 'loyal' followers, will give it their full array of rancid illegal songs.
JELLY AND ICE CREAM WHEN RANKGERS DIE !
They should never have been allowed to play United in the last round, with outstanding monies owed to Arbroath.
The SFA, as we know are ridden with the scum and have ultimately been complicit in the demise of der stench, with their silence.
They will have a full house in their final game at the Bigot Dome tomorrow, where the final nail will be rammed home, when their racist, sectarian knuckle dragging 'loyal' followers, will give it their full array of rancid illegal songs.
JELLY AND ICE CREAM WHEN RANKGERS DIE !
calm down, calm down....its only 22 overpaid men kicking a pigs bladder...not worth risking your blood pressure
over....
over....
what is worse not paying tax or years of child abuse
The bitter old dinosaur Geoge Peat, the former SFA president with a hatred of all things Celtic, oversaw the demise of his own club Airdrieonians. The final nail in the Airdrie coffin, was delivered by none other than David Murray, over a £30,000 unpaid bill. 30 grand FFS , while at the same time, Murray was dodging tax from his offshore EBT payment schemes.
They rose from the ashes in a different guise of Airdrie Utd, but Peat wasn't involved in the new setup.
He did manage to keep his position at the SFA, one of his likeminded, secret society pals, gave him a seat on the Stenhousmuir board.
Campbell Ogilvie succeeded Peat into the presidents SFA office, but he must be sitting rather uncomfortably, having been on the Rankgers board, not only when they had their sectarian, 'No Catholics Allowed signing policy, but was involved with their finance, when such EBT schemes were introduced.
It's no wonder the SFA have at least looked complicit in masking Rangers problems and up to now, let them reap havoc on Scottish football, by withholding payments due to other clubs.
I wonder if Mr Campbell Ogilvie will be on the Sfa committee who are going to now, after all this time, finally investigate the monkeys. I bet he is !
Rangerstaxcase below, highlights these facts in his blog of April last year.
http://rangerstaxcase.com/2011/04/14/campbell-ogilvie/
Campbell Ogilvie is already a man of quite some distinction. However, his list of accomplishments might be about to become a bit longer. It appears that he has sat on the board of directors of not just one SPL club entangled in highly dubious tax schemes, but two. Heart of Midlothian FC look likely to be the next shoe to drop as football’s culture of thinking that it is above paying taxes starts to unwind.
Ogilvie, the current SFA Vice-President and heir apparent to George Peat’s job of President, is going to have quite the CV by the time he hangs up his pinstripes. Not only was he a director of Rangers FC when the EBT scheme was first introduced, but he was also the company secretary. This latter role gave him additional responsibility for ensuring statutory compliance for The Rangers Football Club plc. So while some Rangers directors, like John Greig, might have a claim that their position was symbolic, and they did not understand what was happening or what their responsibilities as a director are, it will be difficult for Mr. Ogilvie to do likewise. As a man with substantial experience and training in the legal responsibilities of directors, he will find it difficult to claim that he did not know or understand what was happening. (He may try anyway).
However, Ogilvie seems likely to find himself in the unique position of being at the center of yet another tax avoidance/evasion storm. On leaving Rangers in 2005, Ogilvie joined the board of Heart of Midlothian FC, and in 2008 became managing director of the Edinburgh club. A source has contacted me with the story the Scottish Professional Footballers Association (SPFA) has made a complaint about employment practices at Hearts. This came to light when a Hearts player applied for a mortgage. When presenting his salary advice, it was clear that he was on a rate close to the UK minimum wage. The player naively explained that he had lots of money, but that it was all paid overseas. The SPFA would obviously have concerns that Scottish players will appear expensive in an era of 50% marginal tax rates compared to low-tax (or no-tax?) foreign players. This raises a few questions: How many players are involved? How long have such practices been in effect? Are there players who have not been registered for tax at all in the UK? The scale of the Hearts problem is not yet fully known. If this has been standard practice over an extended number of years, then the bills, interest, and penalties could also be of a magnitude that could put the existence of Hearts at risk unless Mr. Romanov decides to dig deep into his personal reserves.
Once could be just a mistake. Twice looks very careless.
Scottish football supporters, as well as SFA member clubs, have a right to know “what did Campbell Ogilvie know, and when did he know it?”
It appears that one of two situations must exist: either Campbell Ogilvie knew of, and approved of, two high-risk / illegal tax strategies or he has failed in his responsibilities as a company director at two major Scottish football clubs. Does Mr. Ogilvie have a casual disregard for the law or is he just an ignorant puppet dancing on the strings of charismatic impresarios? Either way, it would be a matter of major concern to all those with an interest in Scottish football if either is true. If there is another explanation for why he has had such a knack of being on the wrong boards at the wrong times, then Scottish football supporters need to be told.
Did Ogilvie bring dubious practices to Hearts from Rangers or was he an innocent bystander at both clubs?
Did Rangers register all of their overseas players for UK tax?
In light of his unique experience with two of the three largest football clubs in Scotland sliding to the edge of darkness, perhaps Celtic supporters should not be so concerned about Ogilvie inheriting the job of SFA President. Given recent statements about the need to ‘pull down the walls’ and to rebuild the SFA from the ground up, who would be better qualified to at least bring about the first part?
They rose from the ashes in a different guise of Airdrie Utd, but Peat wasn't involved in the new setup.
He did manage to keep his position at the SFA, one of his likeminded, secret society pals, gave him a seat on the Stenhousmuir board.
Campbell Ogilvie succeeded Peat into the presidents SFA office, but he must be sitting rather uncomfortably, having been on the Rankgers board, not only when they had their sectarian, 'No Catholics Allowed signing policy, but was involved with their finance, when such EBT schemes were introduced.
It's no wonder the SFA have at least looked complicit in masking Rangers problems and up to now, let them reap havoc on Scottish football, by withholding payments due to other clubs.
I wonder if Mr Campbell Ogilvie will be on the Sfa committee who are going to now, after all this time, finally investigate the monkeys. I bet he is !
Rangerstaxcase below, highlights these facts in his blog of April last year.
http://rangerstaxcase.com/2011/04/14/campbell-ogilvie/
Campbell Ogilvie is already a man of quite some distinction. However, his list of accomplishments might be about to become a bit longer. It appears that he has sat on the board of directors of not just one SPL club entangled in highly dubious tax schemes, but two. Heart of Midlothian FC look likely to be the next shoe to drop as football’s culture of thinking that it is above paying taxes starts to unwind.
Ogilvie, the current SFA Vice-President and heir apparent to George Peat’s job of President, is going to have quite the CV by the time he hangs up his pinstripes. Not only was he a director of Rangers FC when the EBT scheme was first introduced, but he was also the company secretary. This latter role gave him additional responsibility for ensuring statutory compliance for The Rangers Football Club plc. So while some Rangers directors, like John Greig, might have a claim that their position was symbolic, and they did not understand what was happening or what their responsibilities as a director are, it will be difficult for Mr. Ogilvie to do likewise. As a man with substantial experience and training in the legal responsibilities of directors, he will find it difficult to claim that he did not know or understand what was happening. (He may try anyway).
However, Ogilvie seems likely to find himself in the unique position of being at the center of yet another tax avoidance/evasion storm. On leaving Rangers in 2005, Ogilvie joined the board of Heart of Midlothian FC, and in 2008 became managing director of the Edinburgh club. A source has contacted me with the story the Scottish Professional Footballers Association (SPFA) has made a complaint about employment practices at Hearts. This came to light when a Hearts player applied for a mortgage. When presenting his salary advice, it was clear that he was on a rate close to the UK minimum wage. The player naively explained that he had lots of money, but that it was all paid overseas. The SPFA would obviously have concerns that Scottish players will appear expensive in an era of 50% marginal tax rates compared to low-tax (or no-tax?) foreign players. This raises a few questions: How many players are involved? How long have such practices been in effect? Are there players who have not been registered for tax at all in the UK? The scale of the Hearts problem is not yet fully known. If this has been standard practice over an extended number of years, then the bills, interest, and penalties could also be of a magnitude that could put the existence of Hearts at risk unless Mr. Romanov decides to dig deep into his personal reserves.
Once could be just a mistake. Twice looks very careless.
Scottish football supporters, as well as SFA member clubs, have a right to know “what did Campbell Ogilvie know, and when did he know it?”
It appears that one of two situations must exist: either Campbell Ogilvie knew of, and approved of, two high-risk / illegal tax strategies or he has failed in his responsibilities as a company director at two major Scottish football clubs. Does Mr. Ogilvie have a casual disregard for the law or is he just an ignorant puppet dancing on the strings of charismatic impresarios? Either way, it would be a matter of major concern to all those with an interest in Scottish football if either is true. If there is another explanation for why he has had such a knack of being on the wrong boards at the wrong times, then Scottish football supporters need to be told.
Did Ogilvie bring dubious practices to Hearts from Rangers or was he an innocent bystander at both clubs?
Did Rangers register all of their overseas players for UK tax?
In light of his unique experience with two of the three largest football clubs in Scotland sliding to the edge of darkness, perhaps Celtic supporters should not be so concerned about Ogilvie inheriting the job of SFA President. Given recent statements about the need to ‘pull down the walls’ and to rebuild the SFA from the ground up, who would be better qualified to at least bring about the first part?
Will they have to sell players and the ground? How about the training ground? Do they own a team bus?
I hope HMRC make these tax dodgers pay every last penny they owe.
I hope HMRC make these tax dodgers pay every last penny they owe.
But tax lawyers reckon that these trusts were used by hundreds of businesses - not just football clubs - to reward their high earners and the amount of potential tax claims could reach £2bn.
Neal Todd, a lawyer at Berwin Leighton Paisner and an expert in tax planning, said his firm had knowledge of some 300 inquiries HM Revenue & Customs had launched into an array of UK companies that used EBTs to remunerate high earners.
The Financial Times understands that this includes City of London banks, finance funds, manufacturing companies and Premier League football clubs.
"There is deep anxiety that EBTs are now being challenged [by the Revenue] in a retrospective way," said Mr Todd. "The amounts at stake are potentially sizeable [as] this was a widely used way to remunerate staff in a tax-efficient manner for many years."
Last year the Revenue, in an effort to entice those who received their pay offshore back into the tax system, offered a nine-month grace period to those who had operated EBT schemes to pay their tax liabilities without incurring a penalty. That ended in the new year when the law had been changed explicitly to outlaw EBTs for remuneration purposes.
The Premier League in England said some clubs had used EBTs in the past. "We're talking seven or eight years ago. It was never common practice and no Premier League clubs use EBTs any more," a spokesperson said
One Rangers adviser said the Revenue wanted to set a precedent for bigger targets in England. "The HMRC consistently refused to settle our employee benefits trust case because they saw it as an important test case for other football clubs, businesses and individuals," said the adviser.
Neal Todd, a lawyer at Berwin Leighton Paisner and an expert in tax planning, said his firm had knowledge of some 300 inquiries HM Revenue & Customs had launched into an array of UK companies that used EBTs to remunerate high earners.
The Financial Times understands that this includes City of London banks, finance funds, manufacturing companies and Premier League football clubs.
"There is deep anxiety that EBTs are now being challenged [by the Revenue] in a retrospective way," said Mr Todd. "The amounts at stake are potentially sizeable [as] this was a widely used way to remunerate staff in a tax-efficient manner for many years."
Last year the Revenue, in an effort to entice those who received their pay offshore back into the tax system, offered a nine-month grace period to those who had operated EBT schemes to pay their tax liabilities without incurring a penalty. That ended in the new year when the law had been changed explicitly to outlaw EBTs for remuneration purposes.
The Premier League in England said some clubs had used EBTs in the past. "We're talking seven or eight years ago. It was never common practice and no Premier League clubs use EBTs any more," a spokesperson said
One Rangers adviser said the Revenue wanted to set a precedent for bigger targets in England. "The HMRC consistently refused to settle our employee benefits trust case because they saw it as an important test case for other football clubs, businesses and individuals," said the adviser.
Oh Dear! Skullery.
Gers had better come out of this NOT paying every penny they owe or its Engerlunds finest next.
Gers had better come out of this NOT paying every penny they owe or its Engerlunds finest next.
The smoking gun for the currant buns, is that they issued a side letter, along with the EBT 'loans', stating that said 'loan', didn't need to be paid back.
Thankfully, HMRC have said letter.
JELLY AND ICE CREAM WHEN RANKGERS DIE !
Thankfully, HMRC have said letter.
JELLY AND ICE CREAM WHEN RANKGERS DIE !
I dont know if this is true , but was told Arsenal owed 200m in EBT payments and made a deal with HMRC that they paid 40m back , no such deal was offered to RFC
I will be going into town around 3ish, once der stench are safely locked in their cage for the final time.
Hi Skullery
Not sure which clubs are in trouble in the Premiership if Rangers are to go under.I heard the Gooners had dealt with their problem as well.We seem to have a few big hitters wishing us well though.
.........................................
Cameron hopes for Rangers future
(AFP) – 1 day ago
GLASGOW — Crisis-hit Scottish champions Rangers on Thursday won cross-party support from leading politicians, including British Prime Minister David Cameron, after the Glasgow club went into administration over unpaid tax.
Cameron and Scotland's First Minister Alex Salmond -- currently at loggerheads over the latter's plan for a referendum on Scottish independence -- both said it was vital that the club survived.
"I want that club to survive and to thrive," the Conservative Party leader told the BBC on a visit to Scotland.
"It has an extraordinary history, it has a very special place in many people's hearts in Scotland and no one wants to see that club disappear.
"So, I hope that HMRC (Her Majesty's Revenue and Customs, the British tax authority) will work as closely as they can with the administrators to try to solve the problems, to try to resolve the issues."
Salmond, leader of the Scottish National Party (SNP), accepted that the tax authorities had a job to do in the public interest but they had to realise the importance of the club to the country as a whole.
"They've got to have cognisance of the fact that we're talking about a huge institution, part of the fabric of the Scottish nation, as well as Scottish football, and everybody realises that," he told Al Jazeera English.
The Labour former Scottish first minister Henry McLeish also said he hoped the club, whose origins date back to 1872, will survive.
Rangers' title hopes were all but ended after the Scottish Premier League docked them 10 points for entering administration, leaving them 14 points behind leaders and arch Glasgow rivals Celtic, but still in second place."
The chief executive of Glasgow rivals Celtic, Peter Lawwell, has suggested that his club, and even Scottish football as a whole, could live without Rangers.
But Salmond insisted: "The most die-hard Celtic supporter understands that Celtic can't prosper unless Rangers are there. The rest of the clubs understand that as well."
Administrators Duff and Phelps took control of Rangers on Tuesday after the HMRC went to court to seek their administration over an unpaid bill of £9 million ($14 million) built up since Craig Whyte took control at Ibrox in May.
Administration is the process whereby a troubled company calls upon independent expert financial help in a bid to remain operational.
Rangers are also awaiting the verdict of a tax tribunal which could leave them, according to Whyte, with a bill of up to £75 million.
The administrators were due to meet manager Ally McCoist and players on Thursday before holding an Ibrox news conference at 3:30 pm local time (1530 GMT).
Duff and Phelps have said there will be "no immediate cuts in the playing staff" but there will be a review of the situation in due course.
Wednesday saw joint administrators Paul Clark and David Whitehouse issue a statement saying Rangers would continue as a football club.
"In broad terms, supporters can be reassured that Rangers will continue as a football club," their statement said. "And we hope to reach a stage as soon as possible where the club can emerge from administration."
Not sure which clubs are in trouble in the Premiership if Rangers are to go under.I heard the Gooners had dealt with their problem as well.We seem to have a few big hitters wishing us well though.
.........................................
Cameron hopes for Rangers future
(AFP) – 1 day ago
GLASGOW — Crisis-hit Scottish champions Rangers on Thursday won cross-party support from leading politicians, including British Prime Minister David Cameron, after the Glasgow club went into administration over unpaid tax.
Cameron and Scotland's First Minister Alex Salmond -- currently at loggerheads over the latter's plan for a referendum on Scottish independence -- both said it was vital that the club survived.
"I want that club to survive and to thrive," the Conservative Party leader told the BBC on a visit to Scotland.
"It has an extraordinary history, it has a very special place in many people's hearts in Scotland and no one wants to see that club disappear.
"So, I hope that HMRC (Her Majesty's Revenue and Customs, the British tax authority) will work as closely as they can with the administrators to try to solve the problems, to try to resolve the issues."
Salmond, leader of the Scottish National Party (SNP), accepted that the tax authorities had a job to do in the public interest but they had to realise the importance of the club to the country as a whole.
"They've got to have cognisance of the fact that we're talking about a huge institution, part of the fabric of the Scottish nation, as well as Scottish football, and everybody realises that," he told Al Jazeera English.
The Labour former Scottish first minister Henry McLeish also said he hoped the club, whose origins date back to 1872, will survive.
Rangers' title hopes were all but ended after the Scottish Premier League docked them 10 points for entering administration, leaving them 14 points behind leaders and arch Glasgow rivals Celtic, but still in second place."
The chief executive of Glasgow rivals Celtic, Peter Lawwell, has suggested that his club, and even Scottish football as a whole, could live without Rangers.
But Salmond insisted: "The most die-hard Celtic supporter understands that Celtic can't prosper unless Rangers are there. The rest of the clubs understand that as well."
Administrators Duff and Phelps took control of Rangers on Tuesday after the HMRC went to court to seek their administration over an unpaid bill of £9 million ($14 million) built up since Craig Whyte took control at Ibrox in May.
Administration is the process whereby a troubled company calls upon independent expert financial help in a bid to remain operational.
Rangers are also awaiting the verdict of a tax tribunal which could leave them, according to Whyte, with a bill of up to £75 million.
The administrators were due to meet manager Ally McCoist and players on Thursday before holding an Ibrox news conference at 3:30 pm local time (1530 GMT).
Duff and Phelps have said there will be "no immediate cuts in the playing staff" but there will be a review of the situation in due course.
Wednesday saw joint administrators Paul Clark and David Whitehouse issue a statement saying Rangers would continue as a football club.
"In broad terms, supporters can be reassured that Rangers will continue as a football club," their statement said. "And we hope to reach a stage as soon as possible where the club can emerge from administration."
And you honestly believe this will be RFC final game , cant be that naieve surely
4.8 and rising
I will be going into town around 3ish, once der stench are safely locked in their cage for the final time.
..........................................
Have a nice day then 4.8
I will be going into town around 3ish, once der stench are safely locked in their cage for the final time.
..........................................
Have a nice day then 4.8
I'm sure I will and it will probably run in to tomorrow as well.
A wee sleep, then up for the Hibs game and Jelly and ice cream.
A wee sleep, then up for the Hibs game and Jelly and ice cream.
10 point deduction, pull in the purse strings, otherwise as you were, that simplifys matters for those
not wishing to trawl through the bigotry and bile....
not wishing to trawl through the bigotry and bile....
No bigotry on here just friends & acquaintances
batting things backwards & forwards.
batting things backwards & forwards.
ha ha so it is the evil english that have caused all this by their crippling tax demands
shame on them
viva independence ha ha ha
shame on them
viva independence ha ha ha
Dont know how you come to that conclusion moisok.
The English clubs need to pay their tax too.
HMRC need to collect every penny off every club.
HMRC need to collect every penny off every club.
Fair enough Nobby.
As far as I am aware you are Man U.
There is no telling how thing`s will work out in future for the English clubs once the Gers are taken into account?
As far as I am aware you are Man U.
There is no telling how thing`s will work out in future for the English clubs once the Gers are taken into account?
In the past 12 months tens of thousands of ordinary people have received backdated tax demands. These clubs tried to evade tax and now they have been caught they need to be made to pay every last penny.
Ok.
Just watch what you wish for m8.
Thing`s may come home to roost at some point.
Just watch what you wish for m8.
Thing`s may come home to roost at some point.
Misty Blue.
Different Class!
http://www.youtube.com/watch?v=tzLw1e4f9ak
Different Class!
http://www.youtube.com/watch?v=tzLw1e4f9ak
No one seems to be taking any blame for the fact that rangers have had early exits in 4 cups and surrendered a 15 point lead in the league. Or is that all down to David Murray and Craig Whyte as well?
Good point Benalder.
You have to realise though that Glasgow Rangers have had this hanging over them for a long while now.
We are struggling to keep thing`s together no doubt about it.
Today`s result losing to Kilmarnock at home was sad enough but by all accounts the away side deserved their win.
You have to realise though that Glasgow Rangers have had this hanging over them for a long while now.
We are struggling to keep thing`s together no doubt about it.
Today`s result losing to Kilmarnock at home was sad enough but by all accounts the away side deserved their win.
@it still beggars the question what the hell have celtic been doing for the last 3 years ?' Says longchump. Maybe Celtic were, to use a presbyterian adage, cutting their cloth? What the Parkhead club were doing was/is diligently paying their taxes and VAT to the Queen's agents and not spending money that belongs to the funding of hospitals, the armed forces and you and me on transfer fees and inflated wages?
Not only have Rangers cheated in the SPL by financial doping they have robbed all us taxpayers. WATP your type say = We Avoid Tax Paying is what that really means
Rangers are a permanent embarrassment and an occasional disgrace to football and to Scotland.
Not only have Rangers cheated in the SPL by financial doping they have robbed all us taxpayers. WATP your type say = We Avoid Tax Paying is what that really means
Rangers are a permanent embarrassment and an occasional disgrace to football and to Scotland.
MORE BAD NEWS DUE NEXT WEEK APPARENTLY
'THERE'S ONLY ONE CRAIG WHYTE' COULD BE A CHANT FOR YEARS AND YEARS TO COME
'THERE'S ONLY ONE CRAIG WHYTE' COULD BE A CHANT FOR YEARS AND YEARS TO COME
Thanks for letting us know that`s cheered me up no end.
Whyte has his @rse well covered.As well as the Revenue,Hearts(£800K),Dundee Un(£100K),Dunfermline(£80K),little Arbroath(£20K) and Austria Vienna(£1.2M)will be left whistling for their money whilst Whyte walks away quids in.
Liquidate the bastards,but even then Whyte wins.
Liquidate the bastards,but even then Whyte wins.
THINGS MAY NOT TURN OUT AS CRAIG WHYTE HAD PLANNED
" Liquidate the bastards,but even then Whyte wins."
If Whyte is as guilty as some suggest then he'll need to live in a volcano on a deserted island a thousand miles from habitation. He might walk away (from jail?) with millions hidden offshore but he could end up to his knees in his own blood before too long if some websites are to be taken seriously.
If Whyte is as guilty as some suggest then he'll need to live in a volcano on a deserted island a thousand miles from habitation. He might walk away (from jail?) with millions hidden offshore but he could end up to his knees in his own blood before too long if some websites are to be taken seriously.
Mad Vlad might have some good contacts in that respect.
Rangers administration: Key witness says Rangers can still win £50m tax case
Rangers could still win their tax case, according to a key witness. Picture: Getty
By ANDREW SMITH
Published on Sunday 19 February 2012 00:00
A KEY witness at Rangers’ tax tribunal over the use of Employee Benefit Trusts (EBTs) has told Scotland on Sunday he believes the club can still win the case that could otherwise land them a bill for more than £50 million from Her Majesty’s Revenue and Customs.
The source, who asked not to be named with a judgment still possibly two weeks away, called into question owner Craig Whyte’s implication of the so-called “big tax case” in the Ibrox club’s plunge into administration last week. HMRC insisted that the reason was a further £9m in unpaid tax accrued since Whyte took over the club last May.
“Until a fortnight ago, it was widely reported that Rangers’ chances of winning the tribunal were 50-50, now it is said they will lose,” the source said. “Yet nothing can have changed in that intervening period, with the tribunal ending last month [18 January]. It has been said Whyte must have got wind of the outcome ahead of the club being placed in administration, but he can’t have done so. The opinion of the judges must remain strictly confidential until they make public their decision. If Rangers won the EBT case, their future should have been secure. Now it won’t be and, in that scenario, serious questions must be asked of Whyte.”
The source says there are “myths” about how EBTs were administered when Sir David Murray owned Rangers, and that HMRC made “no headway” in convincing the three judges who will decide if these were operated in a manner that changed them from a legal tax avoidance loophole to a tax evasion scheme.
EBTs are believed to have been run by around 5,000 businesses in the UK, including football clubs south of the Border. They became illegal in December 2010 but, until then, firms had been able to exploit the tax laws to provide sums to employees without PAYE or National Insurance as long as these were in the form of discretionary, repayable loans. At the tax tribunal, HMRC argued Rangers’ use of them for nine years was, in fact, a way to help mostly foreign players evade tax on salaries and bonuses. The source, who is not connected to Rangers but had clients who benefited from EBTs, claims that this entirely misrepresents the scheme in operation at Ibrox. “It was totally and absolutely correctly administered, and the club met all their legal responsibilities and complied with all tax laws,” said the source. “They took advice from top-notch lawyers and a whole battalion of the best accountants on a global level.
“I have read a lot that isn’t true about how Rangers were supposed to have misused them. They weren’t written into the players’ contracts of employment. They were totally separate. Money in any EBTs was not a salary sacrifice. The EBTs were independently administered offshore in Guernsey. I have heard it said that players had letters stating they did not have to pay these loans back. The tax commission hammered away at that but made no headway because these letters categorically do not exist.”
The Rangers Tax Case blog, which has covered the situation exhaustively for almost two years, claimed the “smoking gun” for HMRC was a number of letters indemnifying players from any future tax liabilities on money placed in their EBTs.
The source insisted: “There is nothing unusual in that as it is always employees who set the schedule basis for tax and there was no great gain for the players.”
But the source also admitted: “The very slight weakness is that the administrators in Guernsey weren’t always as diligent in their book-keeping as they should have been. Players buggered off back to Argentina, Italy and Australia and they didn’t keep track of these movements, as was incumbent on them. This was tightened up, though, over time.”
Rangers could still win their tax case, according to a key witness. Picture: Getty
By ANDREW SMITH
Published on Sunday 19 February 2012 00:00
A KEY witness at Rangers’ tax tribunal over the use of Employee Benefit Trusts (EBTs) has told Scotland on Sunday he believes the club can still win the case that could otherwise land them a bill for more than £50 million from Her Majesty’s Revenue and Customs.
The source, who asked not to be named with a judgment still possibly two weeks away, called into question owner Craig Whyte’s implication of the so-called “big tax case” in the Ibrox club’s plunge into administration last week. HMRC insisted that the reason was a further £9m in unpaid tax accrued since Whyte took over the club last May.
“Until a fortnight ago, it was widely reported that Rangers’ chances of winning the tribunal were 50-50, now it is said they will lose,” the source said. “Yet nothing can have changed in that intervening period, with the tribunal ending last month [18 January]. It has been said Whyte must have got wind of the outcome ahead of the club being placed in administration, but he can’t have done so. The opinion of the judges must remain strictly confidential until they make public their decision. If Rangers won the EBT case, their future should have been secure. Now it won’t be and, in that scenario, serious questions must be asked of Whyte.”
The source says there are “myths” about how EBTs were administered when Sir David Murray owned Rangers, and that HMRC made “no headway” in convincing the three judges who will decide if these were operated in a manner that changed them from a legal tax avoidance loophole to a tax evasion scheme.
EBTs are believed to have been run by around 5,000 businesses in the UK, including football clubs south of the Border. They became illegal in December 2010 but, until then, firms had been able to exploit the tax laws to provide sums to employees without PAYE or National Insurance as long as these were in the form of discretionary, repayable loans. At the tax tribunal, HMRC argued Rangers’ use of them for nine years was, in fact, a way to help mostly foreign players evade tax on salaries and bonuses. The source, who is not connected to Rangers but had clients who benefited from EBTs, claims that this entirely misrepresents the scheme in operation at Ibrox. “It was totally and absolutely correctly administered, and the club met all their legal responsibilities and complied with all tax laws,” said the source. “They took advice from top-notch lawyers and a whole battalion of the best accountants on a global level.
“I have read a lot that isn’t true about how Rangers were supposed to have misused them. They weren’t written into the players’ contracts of employment. They were totally separate. Money in any EBTs was not a salary sacrifice. The EBTs were independently administered offshore in Guernsey. I have heard it said that players had letters stating they did not have to pay these loans back. The tax commission hammered away at that but made no headway because these letters categorically do not exist.”
The Rangers Tax Case blog, which has covered the situation exhaustively for almost two years, claimed the “smoking gun” for HMRC was a number of letters indemnifying players from any future tax liabilities on money placed in their EBTs.
The source insisted: “There is nothing unusual in that as it is always employees who set the schedule basis for tax and there was no great gain for the players.”
But the source also admitted: “The very slight weakness is that the administrators in Guernsey weren’t always as diligent in their book-keeping as they should have been. Players buggered off back to Argentina, Italy and Australia and they didn’t keep track of these movements, as was incumbent on them. This was tightened up, though, over time.”
its scotland Mac where you are guilty till proven innocent .
EBTs are believed to have been run by around 5,000 businesses in the UK, including football clubs south of the Border
But the only thing that seems to mater to some, is that Rangers should be found guilty ..
EBTs are believed to have been run by around 5,000 businesses in the UK, including football clubs south of the Border
But the only thing that seems to mater to some, is that Rangers should be found guilty ..
Just read a Daily Record article by Keith Jackson from 2010 announcing Craig Whyte about to buy rangers. Jackson states Whyte is "in charge of a vast business empire, his wealth is off the radar"
They have took 9 months PAYE contributions from employees and not handed it over, the tax gives a bit of lee way. But NI contributions have to be paid and this more than anything is a Jailing offence, it used to be an automatic six months for not having your self employed stamps up to date, but taking others NI and not passing it on, holy f***
RANGERS: Whyte ‘ignored settlement advice’, chances of regaining control recede
By Nick Harris
SJA Internet Sports Writer of the Year
19 February 2012
Craig Whyte, the controversial businessman at the heart of the crisis enveloping Rangers, ignored advice given to him last May about how he could settle some of the club’s disputes with HMRC, Sportingintelligence can reveal.
Rather than follow a plan which might have led to a long-term negotiated settlement between Rangers and the tax man, Whyte instead opted to compound the club’s troubles by withholding up to £9m of tax and VAT due over the past nine months.
This led to the appointment of administrators last Tuesday, and sources with inside knowledge of the work being done by Duff & Phelps at Ibrox have confirmed Whyte now has ‘important questions to answer’ about his conduct.
The advice given to Whyte in May last year about settling with the tax man was provided by David Grier, a Duff & Phelps partner.
A well-placed source insists Grier was acting not solely for Whyte at the time but as an agreed conduit between HMRC and Whyte, and put proposals to Whyte to clear up Rangers’ tax mess that were ignored.
Countering suggestions that there is a serious conflict of interest now in Duff & Phelps being Rangers’ administrators – when theoretically Grier could be perceived as part of the ‘Whyte team’ behind the current mess – a spokesman for Duff & Phelps has told Sportingintelligence that ‘it is categorically not the case’ that Grier had any involvement in:
any plan for Rangers not to pay employees tax and VAT for nine months.
any plan that involved a future administration to shed deliberately amassed tax liabilities.
any plan that misled anyone about how Whyte had funded his takeover, particularly the payment of £18m to Lloyds bank.
Sportingintelligence can reveal that Duff & Phelps have already received at least six expressions of interest in the club, and a spokesman has told us: ‘We will begin the process of looking at them in greater detail in the week ahead.’
It is thought those expressions of interest come from a variety of groups in Scotland, elsewhere in Britain and from abroad, including North America.
Duff & Phelps are also trying to establish exactly how Whyte funded the £18m to Lloyds and whether, as many suspect, he used some of the £24.4m gained from Ticketus for the sale of a portion of Rangers tickets for the next four years.
The future of Rangers is unlikely to be settled without an acrimonious struggle for control, with Whyte likely to be claiming to be a major creditor, which he is believed to think puts him in control. Any such claims are likely to be challenged.
It is understood Whyte led various advisors to believe he paid Lloyds with £18m cash from his own private resources, something that still cannot be verified but seems increasingly doubtful.
Duff & Phelps’ investigation is one of up to four separate probes in the Rangers situation.
The SFA are looking at whether Whyte misled them over being a ‘fit and proper person’ and are conducting an independent review of the whole matter.
The police and Crown Office are considering their next moves with the possibility that a criminal investigation could follow.
Whyte’s spokesman insists he will co-operate with all investigations and is confident he will be cleared of any wrong-doing, but the prospect of Whyte regaining control at Rangers, post-administration, ‘is not a scenario currently looking like a favourite’ according to one source.
Rangers were docked 10 points for entering administration and then their week got worse on Saturday when they lost 1-0 at home to Kilmarnock.
.
By Nick Harris
SJA Internet Sports Writer of the Year
19 February 2012
Craig Whyte, the controversial businessman at the heart of the crisis enveloping Rangers, ignored advice given to him last May about how he could settle some of the club’s disputes with HMRC, Sportingintelligence can reveal.
Rather than follow a plan which might have led to a long-term negotiated settlement between Rangers and the tax man, Whyte instead opted to compound the club’s troubles by withholding up to £9m of tax and VAT due over the past nine months.
This led to the appointment of administrators last Tuesday, and sources with inside knowledge of the work being done by Duff & Phelps at Ibrox have confirmed Whyte now has ‘important questions to answer’ about his conduct.
The advice given to Whyte in May last year about settling with the tax man was provided by David Grier, a Duff & Phelps partner.
A well-placed source insists Grier was acting not solely for Whyte at the time but as an agreed conduit between HMRC and Whyte, and put proposals to Whyte to clear up Rangers’ tax mess that were ignored.
Countering suggestions that there is a serious conflict of interest now in Duff & Phelps being Rangers’ administrators – when theoretically Grier could be perceived as part of the ‘Whyte team’ behind the current mess – a spokesman for Duff & Phelps has told Sportingintelligence that ‘it is categorically not the case’ that Grier had any involvement in:
any plan for Rangers not to pay employees tax and VAT for nine months.
any plan that involved a future administration to shed deliberately amassed tax liabilities.
any plan that misled anyone about how Whyte had funded his takeover, particularly the payment of £18m to Lloyds bank.
Sportingintelligence can reveal that Duff & Phelps have already received at least six expressions of interest in the club, and a spokesman has told us: ‘We will begin the process of looking at them in greater detail in the week ahead.’
It is thought those expressions of interest come from a variety of groups in Scotland, elsewhere in Britain and from abroad, including North America.
Duff & Phelps are also trying to establish exactly how Whyte funded the £18m to Lloyds and whether, as many suspect, he used some of the £24.4m gained from Ticketus for the sale of a portion of Rangers tickets for the next four years.
The future of Rangers is unlikely to be settled without an acrimonious struggle for control, with Whyte likely to be claiming to be a major creditor, which he is believed to think puts him in control. Any such claims are likely to be challenged.
It is understood Whyte led various advisors to believe he paid Lloyds with £18m cash from his own private resources, something that still cannot be verified but seems increasingly doubtful.
Duff & Phelps’ investigation is one of up to four separate probes in the Rangers situation.
The SFA are looking at whether Whyte misled them over being a ‘fit and proper person’ and are conducting an independent review of the whole matter.
The police and Crown Office are considering their next moves with the possibility that a criminal investigation could follow.
Whyte’s spokesman insists he will co-operate with all investigations and is confident he will be cleared of any wrong-doing, but the prospect of Whyte regaining control at Rangers, post-administration, ‘is not a scenario currently looking like a favourite’ according to one source.
Rangers were docked 10 points for entering administration and then their week got worse on Saturday when they lost 1-0 at home to Kilmarnock.
.
when this tax case is sorted out I will be backing rangers for the league next year if anyone wants to give me evens as it will be a 2 horse race as usual
but i just cannot see stranraer keeping up with them over the full season :)
but i just cannot see stranraer keeping up with them over the full season :)
Money for nothing: Whyte used £24m season ticket deal to pay off bank
By JOHN MCGARRY
Last updated at 12:00 AM on Feb 21st.
Craig Whyte sold off four years of Rangers season tickets — one month before he bought the club.
The embattled owner flogged the seats to London-based Ticketus to fund his entire takeover last April — four weeks before he persuaded Sir David Murray to sell up for just £1.
Sportsmail can reveal Whyte convinced Ticketus to advance him £24.4million on the proviso that he would then buy Rangers. That cash was deposited into a client account with his London-based lawyer Collyer Bristow on April 7.
Whyte then showed Murray that balance as evidence he had sufficient funds to give Lloyds Bank the £18m they were owed — one of the key conditions of the sale.
He then bought Murray’s 85.3 per cent shareholding for £1 on May 6, paid off Lloyds and used Rangers employees’ personal tax — which should have been handed over to HMRC — to help run the club. Until it ran out and forced administration eight days ago, that is.
Had Murray refused to sell to him, Whyte would have returned the money to Ticketus — a gamble he was prepared to take.
The latest revelation means that Whyte, who stayed away from the first post-administration game against Kilmarnock on Saturday, effectively bought into the club for nothing before installing himself as the ‘preferred creditor’.
It is widely assumed he will never attend another game at Ibrox and there are now questions marks over that ‘preferred creditor’ status.
Strathclyde Police are examining files pertaining to Whyte’s nine-month tenure, which were handed to them by former chairman Alastair Johnston.
The SFA have also launched a full inquiry into Rangers in a move that was welcomed by manager Ally McCoist at the weekend.
Uncertain future: Rangers fans show their support for their crisis club
The ruling body claim to have been hampered in their efforts to establish if Whyte fulfils the ‘fit and proper person’ criteria.
Rangers are now 17 points behind Celtic in the SPL after receiving an automatic 10-point deduction.
The Ibrox club plunged into administration last Monday and, three days later, the administrators revealed they had ‘no visibility’ of the Ticketus money in the football club’s account.
The announcement came despite Whyte previously insisting that ‘every penny’ of the money had gone into the running of the club. Two weeks ago, the embattled owner also claimed to have sunk £33m of his own money into the club.
It emerged that lawyers Collyer Bristow had handed ‘significant information’ which provided ‘some visibility’ on the whereabouts of some of the cash.
An £18m payment was made from the account to Lloyds on May 9 — three days after the takeover went through, but it is still unclear where the remaining £6.4m is.
Exactly how much of the £6m proceeds from the sale of Nikica Jelavic to Everton landed in the club’s account is also unknown.
Last Thursday, joint administrator Paul Clark said: ‘Some of it is deferred. Some of the funds appear to have gone into the club — but we need to go through the detail.’
Tough times: Manager Ally McCoist has backed calls for a full investigation
There is also a question mark over what security Ticketus now hold for their part in the April deal. Were Rangers to be liquidated, the firm would have no obvious means of re-selling the seats they have bought between now and 2015.
Financial experts believe it is inconceivable that they would have agreed to advance such a huge sum without a safety net.
Whyte’s credibility among the Rangers support is at an all-time low. When news of imminent administration broke last Monday, he initially said he had been left with no alternative due to the so-called ‘big tax bill’ which the embattled owner claimed could cost the club £75m.
However, when the application was heard in the Court of Session, that story was exposed as a fallacy. The real reason the club had been forced into administration was down to the fact that £9m in VAT and PAYE had been unpaid. Duff & Phelps believed that this had been used for the day-to-day running of the club.
Just a week before administration, Whyte’s evidence was called ‘wholly unreliable’ by a sheriff after a civil case.
As players and staff at the 140-year-old club brace themselves for job cuts on Tuesday, the whereabouts of the 41-year-old Motherwell-born businessman were last night unknown.
He avoided the Kilmarnock match, claiming he was ‘taking a backwards step’.
By JOHN MCGARRY
Last updated at 12:00 AM on Feb 21st.
Craig Whyte sold off four years of Rangers season tickets — one month before he bought the club.
The embattled owner flogged the seats to London-based Ticketus to fund his entire takeover last April — four weeks before he persuaded Sir David Murray to sell up for just £1.
Sportsmail can reveal Whyte convinced Ticketus to advance him £24.4million on the proviso that he would then buy Rangers. That cash was deposited into a client account with his London-based lawyer Collyer Bristow on April 7.
Whyte then showed Murray that balance as evidence he had sufficient funds to give Lloyds Bank the £18m they were owed — one of the key conditions of the sale.
He then bought Murray’s 85.3 per cent shareholding for £1 on May 6, paid off Lloyds and used Rangers employees’ personal tax — which should have been handed over to HMRC — to help run the club. Until it ran out and forced administration eight days ago, that is.
Had Murray refused to sell to him, Whyte would have returned the money to Ticketus — a gamble he was prepared to take.
The latest revelation means that Whyte, who stayed away from the first post-administration game against Kilmarnock on Saturday, effectively bought into the club for nothing before installing himself as the ‘preferred creditor’.
It is widely assumed he will never attend another game at Ibrox and there are now questions marks over that ‘preferred creditor’ status.
Strathclyde Police are examining files pertaining to Whyte’s nine-month tenure, which were handed to them by former chairman Alastair Johnston.
The SFA have also launched a full inquiry into Rangers in a move that was welcomed by manager Ally McCoist at the weekend.
Uncertain future: Rangers fans show their support for their crisis club
The ruling body claim to have been hampered in their efforts to establish if Whyte fulfils the ‘fit and proper person’ criteria.
Rangers are now 17 points behind Celtic in the SPL after receiving an automatic 10-point deduction.
The Ibrox club plunged into administration last Monday and, three days later, the administrators revealed they had ‘no visibility’ of the Ticketus money in the football club’s account.
The announcement came despite Whyte previously insisting that ‘every penny’ of the money had gone into the running of the club. Two weeks ago, the embattled owner also claimed to have sunk £33m of his own money into the club.
It emerged that lawyers Collyer Bristow had handed ‘significant information’ which provided ‘some visibility’ on the whereabouts of some of the cash.
An £18m payment was made from the account to Lloyds on May 9 — three days after the takeover went through, but it is still unclear where the remaining £6.4m is.
Exactly how much of the £6m proceeds from the sale of Nikica Jelavic to Everton landed in the club’s account is also unknown.
Last Thursday, joint administrator Paul Clark said: ‘Some of it is deferred. Some of the funds appear to have gone into the club — but we need to go through the detail.’
Tough times: Manager Ally McCoist has backed calls for a full investigation
There is also a question mark over what security Ticketus now hold for their part in the April deal. Were Rangers to be liquidated, the firm would have no obvious means of re-selling the seats they have bought between now and 2015.
Financial experts believe it is inconceivable that they would have agreed to advance such a huge sum without a safety net.
Whyte’s credibility among the Rangers support is at an all-time low. When news of imminent administration broke last Monday, he initially said he had been left with no alternative due to the so-called ‘big tax bill’ which the embattled owner claimed could cost the club £75m.
However, when the application was heard in the Court of Session, that story was exposed as a fallacy. The real reason the club had been forced into administration was down to the fact that £9m in VAT and PAYE had been unpaid. Duff & Phelps believed that this had been used for the day-to-day running of the club.
Just a week before administration, Whyte’s evidence was called ‘wholly unreliable’ by a sheriff after a civil case.
As players and staff at the 140-year-old club brace themselves for job cuts on Tuesday, the whereabouts of the 41-year-old Motherwell-born businessman were last night unknown.
He avoided the Kilmarnock match, claiming he was ‘taking a backwards step’.
The SFA, who's past presidents include a former treasurer of a club that went to the wall and the chairman who led Celtic to within hours of suffering the same fate, have announced an inquiry into Rangers' recent business dealings.
The findings of this inquiry will be released sometime in early 2034, with the recommendations to be implemented as soon as all the indoor arenas promised by David Taylor are opened to the public.
The findings of this inquiry will be released sometime in early 2034, with the recommendations to be implemented as soon as all the indoor arenas promised by David Taylor are opened to the public.
What happened to Rangers much vaunted plans for a super casino, conference centre and five star hotel complex announced a couple of years ago? Apparently this £100m project was going to be financed externally but generate tens of millons of profit for the club. If Mr Whyte is charge of the project it will end up as a three card brag session in the Govan Sally Army hostel playing for ciggies and Brasso.
Good news for the gers Craigy Isn't walking away
Bad News £50k fine
http://www.youtube.com/watch?v=fPzkys9GYmU
Bad News £50k fine
http://www.youtube.com/watch?v=fPzkys9GYmU
The Queen meets Hector 
http://www.youtube.com/watch?v=XusWrf-9Ass&feature=player_embedded
http://www.youtube.com/watch?v=XusWrf-9Ass&feature=player_embedded
Rangers hopeful that £24m Ticketus deal can be written off in legal row
Feb 28 2012 Exclusive by James Traynor & Keith Jackso
RANGERS’ hopes were rising last night that they can escape the tentacles of Octopus and write off their £24million ticket deal.
And in another dramatic late night twist Record Sport can reveal the men fighting to save Rangers have started legal action to force the release of millions locked in a London account.
The administrators believe as much as £4m could be in an account held by Collyer Bristow, the lawyers taken on by Craig Whyte during his buyout.
It was into this account Ticketus deposited the £24m after Whyte sold off future season ticket sales.
Whyte used this money to pay Lloyds £18m but the insolvency experts reckon there should be millions left in the account.
They have had no luck in trying to get Gary Withey, Rangers’ company secretary, who is also a partner at Collyer Bristow, to open up the account.
With the axe about to fall on players and staff at Ibrox Duff and Phelps felt they could wait no longer.
Last night they instructed London law firm Taylor Wessing to take action in a bid to force the immediate release of Rangers’ money.
The Ibrox fans will also be buoyed by the news that the Ticketus deal might not stand up to legal scrutiny.
The Ibrox administrators are not convinced Ticketus, who are owned by Octopus, should even be considered creditors.
Duff and Phelps have already told Ticketus’ lawyers that under Scots Law the clear advantage WILL lie with Rangers.
They will argue that personal rights can’t be assigned and that the rights in this case belong to season ticket holders.
With 60 per cent of cash from season tickets set to go to Ticketus until 2015, and with Gers fans threatening a boycott under such a deal, it will be tougher to escape administration.
It would also make liquidation more of a threat and scare off any new owner.
But if the Ticketus deal is declared void it will be a hugely positive step.
The administrators stated their case last week in a meeting with Ticketus’ lawyers Pinsent Masons.
Ticketus then wrote to Duff and Phelps stressing the deal still stands but the fact the letter came from the company, and not their lawyers, raised optimism.
Rangers’ case would be strengthened if it’s shown Financial Assistance came into play in the takeover.
Financial Assistance, or the use of a firm’s assets to raise money to buy that company, is illegal and the authorities will probe this.
The administrators believe Rangers can wriggle off the hook and the absence of a legal presence from Ticketus after the meeting last week is regarded as ‘significant’.
Feb 28 2012 Exclusive by James Traynor & Keith Jackso
RANGERS’ hopes were rising last night that they can escape the tentacles of Octopus and write off their £24million ticket deal.
And in another dramatic late night twist Record Sport can reveal the men fighting to save Rangers have started legal action to force the release of millions locked in a London account.
The administrators believe as much as £4m could be in an account held by Collyer Bristow, the lawyers taken on by Craig Whyte during his buyout.
It was into this account Ticketus deposited the £24m after Whyte sold off future season ticket sales.
Whyte used this money to pay Lloyds £18m but the insolvency experts reckon there should be millions left in the account.
They have had no luck in trying to get Gary Withey, Rangers’ company secretary, who is also a partner at Collyer Bristow, to open up the account.
With the axe about to fall on players and staff at Ibrox Duff and Phelps felt they could wait no longer.
Last night they instructed London law firm Taylor Wessing to take action in a bid to force the immediate release of Rangers’ money.
The Ibrox fans will also be buoyed by the news that the Ticketus deal might not stand up to legal scrutiny.
The Ibrox administrators are not convinced Ticketus, who are owned by Octopus, should even be considered creditors.
Duff and Phelps have already told Ticketus’ lawyers that under Scots Law the clear advantage WILL lie with Rangers.
They will argue that personal rights can’t be assigned and that the rights in this case belong to season ticket holders.
With 60 per cent of cash from season tickets set to go to Ticketus until 2015, and with Gers fans threatening a boycott under such a deal, it will be tougher to escape administration.
It would also make liquidation more of a threat and scare off any new owner.
But if the Ticketus deal is declared void it will be a hugely positive step.
The administrators stated their case last week in a meeting with Ticketus’ lawyers Pinsent Masons.
Ticketus then wrote to Duff and Phelps stressing the deal still stands but the fact the letter came from the company, and not their lawyers, raised optimism.
Rangers’ case would be strengthened if it’s shown Financial Assistance came into play in the takeover.
Financial Assistance, or the use of a firm’s assets to raise money to buy that company, is illegal and the authorities will probe this.
The administrators believe Rangers can wriggle off the hook and the absence of a legal presence from Ticketus after the meeting last week is regarded as ‘significant’.
Another Company preparing to be RIPPED OFF by the mighty RFC , No Shame , No Morals , No Soul !
https://apply.mbna.co.uk/UKNeoCCapp/entry?sc=82ranggs_ost&mc=ECO-UK-33333-13511
Interesting piece from Mark HATEley back in 2000
April 1st 2000
RANGERS have just sounded the death knell for Scottish football’s current set-up.
That’s the view of former Ibrox hero Mark Hateley – and his verdict is echoed by former Celtic rival Murdo Macleod. Both believe change is inevitable if Rangers’ staggering pounds 100million investment plan bears fruit.
Hateley said: “This is the end of the road for the Scottish set-up as it is now.
“Rangers are about to disappear over the horizon and eventually they’ll leave the rest to get on with the SPL – and that includes Celtic. “It’s all very well Rangers winning another title – now their fans want more. It becomes a bit tedious just cleaning up at home, so all the signs point to Europe.”
Macleod, who had a spell as No.2 at Parkhead as well as playing there, also fears the worst for his old club. He said: “The points difference at the top of the Premier League is bad enough but when Rangers start racing away in terms of finance it begins to look ominous for Celtic.”
The first part of David Murray’s financial scheme is to raise pounds 53.1m to erase his club’s debts and when this is up and running, more cash will follow. But Macleod believes it’s the debt-clearing operation that will set Rangers on the road to a future that Celtic can only dream about. He added: “Rangers are doing it right by getting rid of their debts. They tend to stop a club from growing. We see it all the time in Scottish football. “Then they will be able to go into the transfer market with a sense of purpose – and don’t think that the very best in Europe won’t come to Ibrox. “If a club is financially healthy enough to offer the right wages every top player will have to take a long, hard look at Rangers.”
April 1st 2000
RANGERS have just sounded the death knell for Scottish football’s current set-up.
That’s the view of former Ibrox hero Mark Hateley – and his verdict is echoed by former Celtic rival Murdo Macleod. Both believe change is inevitable if Rangers’ staggering pounds 100million investment plan bears fruit.
Hateley said: “This is the end of the road for the Scottish set-up as it is now.
“Rangers are about to disappear over the horizon and eventually they’ll leave the rest to get on with the SPL – and that includes Celtic. “It’s all very well Rangers winning another title – now their fans want more. It becomes a bit tedious just cleaning up at home, so all the signs point to Europe.”
Macleod, who had a spell as No.2 at Parkhead as well as playing there, also fears the worst for his old club. He said: “The points difference at the top of the Premier League is bad enough but when Rangers start racing away in terms of finance it begins to look ominous for Celtic.”
The first part of David Murray’s financial scheme is to raise pounds 53.1m to erase his club’s debts and when this is up and running, more cash will follow. But Macleod believes it’s the debt-clearing operation that will set Rangers on the road to a future that Celtic can only dream about. He added: “Rangers are doing it right by getting rid of their debts. They tend to stop a club from growing. We see it all the time in Scottish football. “Then they will be able to go into the transfer market with a sense of purpose – and don’t think that the very best in Europe won’t come to Ibrox. “If a club is financially healthy enough to offer the right wages every top player will have to take a long, hard look at Rangers.”
Eviction day in " The Big House "
Remember no swearing
http://i114.photobucket.com/albums/n277/gerrythebhoy/Davina_-1.jpg
Remember no swearing
http://i114.photobucket.com/albums/n277/gerrythebhoy/Davina_-1.jpg
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