indeed yaldee.....where is the £9M PAYE/VAT money.

That's not a big problem at the moment shrewd

I hear Gazza is outside Ibrox with 4 cans of lager,a chicken and a fishing rod

Celtic away to Rangers three games before the split opens up the possibility of winning the SPL at Ibroke

Oops, better put link in as well.

http://www.hmfckickback.co.uk/index.php?/topic/106972-rangers-story-from-daily-mash/

Mind you,with Rangers now getting 10 points deducted this makes Celtic winning the league a non achievement.

So it would appear to be a bad move for Celtic.winning a league with no competition, so says shudacuda; aye that right with the treble beckoning. If that's the best you can come with shudder then go away and try again. That title will be celebrated with like no other knowing that the sense of indignity from the Govan mob will be felt by them for many years to come.

We're all in it together,as some say.

Rangers Tried to sell Jellyfish to Everton to pay there Death

Feb 14 2012


Sir David Murray

statement :

Words cannot express how hugely disappointed I am with news of today's appointment of administrators to The Rangers Football Club PLC (the Club).

The timing of the appointment of administrators is especially surprising given two facts. Firstly, there has been no decision, and there is no present indication as to the timing of a decision, from the first-tier tax tribunal concerning the potential claim from HMRC of £36.5million excluding interest and penalties. Secondly, legal opinion on the strength of the Club's case remains favourable.

Following a protracted sale process over a three-year period, Murray International Holdings Limited (MIH) ultimately sold its 85 per cent controlling shareholding in the Club to Wavetower Limited ("Wavetower" now renamed The Rangers FC Group Limited), a company wholly owned by Craig Whyte, in good faith on 6 May 2011.

In addition, the share purchase agreement ("SPA") imposed a number of obligations on Wavetower. These included the retention of £9.5m on behalf of the Club for investment in the playing squad, expenditure on the infrastructure of the stadium and settlement of an agreed tax liability, together with the availability of working capital to fund the Club's operations. The Shareholder's Circular issued by Wavetower on 3 June 2011 confirmed these undertakings.

Contrary to recent press speculation, there is no legal mechanism in the SPA for MIH to reacquire the Club.

MIH wrote to Wavetower on 25 August 2011 seeking confirmation that its various obligations were being complied with. A confirmatory assurance was eventually obtained on 3 January 2012. Following recent speculation concerning the financing and security arrangements put in place by Wavetower, a request was issued seeking further clarity. At the time of this announcement, no response has been forthcoming.

At the time of relinquishing control over the Club, MIH endeavoured to ensure the future of the Club through the various commitments and undertakings of Wavetower. MIH received no consideration for the sale of its controlling shareholding, but instead agreed terms attaching to the sale of its stake in the Club to ensure an immediate and substantial improvement in the Club's financial position, as well as a significant investment in the Club and its playing squad.

In May 2011, the sale to Wavetower presented the best available path for the Club's future and was reasonable given all the circumstances existing at the time. Contrary to numerous reports, there were also no viable alternative offers made in advance of the sale.

MIH is saddened by the appointment of administrators. It recognises the tax-tribunal proceedings have stemmed from arrangements put in place during the time of its ownership. However, these arrangements and details of the proceedings were fully disclosed by the Club to Wavetower and Craig Whyte in the due diligence process

http://img101.imageshack.us/img101/6860/whytecroniesdogpoker.jpg

Lot a bluffing going on

Strange but  true


On 13 February 1689, Parliament passed the Declaration of Right, in which it deemed that King James had abdicated the government of the realm, and that the Throne had thereby become vacant. Parliament offered the Crown to William Of Orange and Mary II as joint Sovereigns.

This Reign went on to pass one of the most important constitutional documents in English history, the Bill of Rights. This measure—which restated and confirmed many provisions of the earlier Declaration of Right—established restrictions on the royal prerogative; one of which was to levy taxes without Parliamentary Consent handing powers to the Board of Taxes. The Board of Taxes would later be known as "The Inland Revenue" and later "Her Majesty's Revenue and Customs"

13 February 2012- Rangers forced to file for Administration by what is
essentially the legacy of their beloved King Billy

BREAKING NEWS.

A lotto winner has just bought Glasgow Rangers.

Stunned family members said they'd hate to have seen what he would have bought if he'd got four numbers up.

http://www.youtube.com/watch?v=RnjzOpdc1x0&feature=youtu.be