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14 Feb 12
15:01
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Date Joined:
05 Jan 10
10 point deduction. Congratulations Celtic you broke them after 137 years 
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still they can secure a champions league soccer, with a second place finish!
The obvious signs were there to be seen when Murray sold it to Whyte for £1 . Businesses being sold like that come with heavy debts.
An absolute disgrace if rangers are aloud to get away without paying what they're due to the hmrc, has this been the plan all along? Murray sells to whyte for a pound!!! Whyte takes them down this road(meant to be a pro at doing this kind of thing) tax man gets a pittance and rangers can start next season with 0 debt. New owners come in(or david murray who has a buy back clause) and hey presto everything is rosy in the garden.
Catholics will rule Scotland now
But since the league is so lousy, Rangers will get second place and CL football
But since the league is so lousy, Rangers will get second place and CL football
falkirk1 14 Feb 12 15:33
An absolute disgrace if rangers are aloud to get away without paying what they're due to the hmrc, has this been the plan all along? Murray sells to whyte for a pound!!! Whyte takes them down this road(meant to be a pro at doing this kind of thing) tax man gets a pittance and rangers can start next season with 0 debt. New owners come in(or david murray who has a buy back clause) and hey presto everything is rosy in the garden.
With Unsurpassed Dignity & Whitey becomes the main Creditor in admin....Tax Payer footing the bill
An absolute disgrace if rangers are aloud to get away without paying what they're due to the hmrc, has this been the plan all along? Murray sells to whyte for a pound!!! Whyte takes them down this road(meant to be a pro at doing this kind of thing) tax man gets a pittance and rangers can start next season with 0 debt. New owners come in(or david murray who has a buy back clause) and hey presto everything is rosy in the garden.
With Unsurpassed Dignity
& Whitey becomes the main Creditor in admin....Tax Payer footing the bill
that wont happen imo...
HMCr seem to be sick of football clubs getting away with what other businesses do not.
if they play hardball .... and the signs so far are that they are..they will block any any VCA and force receivership.
HMCr seem to be sick of football clubs getting away with what other businesses do not.
if they play hardball .... and the signs so far are that they are..they will block any any VCA and force receivership.
Hopefully it will stop all of this Quintessential British club guff.
Next time they parade the military monkeys around Ibroke, the fans would do well to remember that £75,000,000 in unpaid taxes and fines would pay the salaries of 300 squaddies for the ten years that this dodge has been going on.
Rangers have changed from Scotland's Shame to Britain's Disgrace.
WATP (We Avoid Tax Paying).
Next time they parade the military monkeys around Ibroke, the fans would do well to remember that £75,000,000 in unpaid taxes and fines would pay the salaries of 300 squaddies for the ten years that this dodge has been going on.
Rangers have changed from Scotland's Shame to Britain's Disgrace.
WATP (We Avoid Tax Paying).
They won't be top of the creditor's list though egner, whyte is owed 18mil. where the hmrc are only owed 4mil. just now, the other case which is the big one hasn't been dealt with.
Police refusing to police their games unless payment guaranteed.Bye Bye der Hun.
Hilarious broadcasting on Sky Sports News this morning with "journalist" Steve Curry implying Rangers were too big and too British to be allowed to fail!! With further twisted logic painting HMRC as some sort of bad guys in all of this for pursuing Rangers! Britain really is the infected anus from which gutter journalism spawned.
if they forced receivership falkirk the HMCR..as an unsecured crditor would recieve next to nothing.....but that is waht i mean by playing hardball and calling Whytes bluff.
has he really got the b alls to effectively...as the largest secured creditor......wind up such an old club with all the socail implications that go with it...
and take the cash and run......he would be a pariah!!!
has he really got the b alls to effectively...as the largest secured creditor......wind up such an old club with all the socail implications that go with it...
and take the cash and run......he would be a pariah!!!
I know times are hard for Whyte but surely he can afford a pair of trousers that fit. Or at least a belt.
Surely the best solution is for Rangers to be go out of business completely.
Then the supporters could change their allegiance and go along to Hampden and support Queens Park.
Then the supporters could change their allegiance and go along to Hampden and support Queens Park.
Egner, what he could do is change everthing to a different company name. He could sell it for say 5mil and walk away then, not bad for a years work, new owners come in debt free and are hailed heroes.
..he could funnel the assets to a new company falkirk but the debts of Ranger FC will remain the debts of Rangers FC and will obviously be unpayable (or more unpayable!!) if he funnels any remaining assets away.
in this instance thats that...Rangers FC will be wound up and its goodnight.
in this instance thats that...Rangers FC will be wound up and its goodnight.
..just read a bit by the old chairman which seems strange as they are questioning his motives....but they knew his track record wheb deciding who to sell to!!!!
intersting stuff and something doesnt seem to add up!!!!
intersting stuff and something doesnt seem to add up!!!!
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 it would appear to be a bad move for Celtic.winning a league with no competition,
Yes they will be the debts of rangers plc but they wont be the debts of the new company say rangers uk plc, rangers plc wouldn't exist and whoever was owed money can go and whistle for it.
75 million tax debt or 10 point deduction
my brain hurts
well-done whyte
my brain hurts
well-done whyte
..would the scottish fa really stand for that though falkirk.....
it sends the message that you can get away with non payment of tax/financial mismanagement....transfer any remaining good assets somewhere else...leave the debts behind ...as you sayfor the creditirs to whistle for...
and then simply start afresh with a slight name change and challlenge for the title again!!!!!
i mean its not as if the odds are already staked in rangers favour...they only have one real competitior....
i just cnat see the scottish fa letting them cary on like that.
it sends the message that you can get away with non payment of tax/financial mismanagement....transfer any remaining good assets somewhere else...leave the debts behind ...as you sayfor the creditirs to whistle for...
and then simply start afresh with a slight name change and challlenge for the title again!!!!!
i mean its not as if the odds are already staked in rangers favour...they only have one real competitior....
i just cnat see the scottish fa letting them cary on like that.
and if they do ...as you say...it is a disgrace.....morally bankrupt position
They have had a 10 point reduction imposed on them, that's they're punishment from the spl. It is the company name that will change not the team name so I don't think there will be much they can do about it.
What's going on here is about as clear as pea soup. My guess is that the action is aimed at bullying HMRC into negotiating a much smaller settlement and wiping the slate clean, or if they won't, liquidating the company and HMRC ending up with even less with the assets over which Whyte holds security...like the ground.....being transferred into a new company.
For the current season, Celtic will win the title but it looked very like they were going to anyway. Despite their public lack of concern, the demise of Rangers as a competitive force in the longer term would be a disaster for them too, especially when the TV rights come up for renewal.
For the current season, Celtic will win the title but it looked very like they were going to anyway. Despite their public lack of concern, the demise of Rangers as a competitive force in the longer term would be a disaster for them too, especially when the TV rights come up for renewal.
Douglas Fraser @BBCDouglsFraser Reply Retweet Favorite · Open
So it's not just the back tax on EBT at #Rangers. PAYE and VAT was withheld by Craig Whyte, around £9m of it. Helps explains HMRC hardball
Retweeted by LTN
4m Douglas Fraser @BBCDouglsFraser Reply Retweet Favorite · Open
Duff and Phelps statement: £9m was unpaid in tax since last May!
Retweeted by LTN
Ohh dear
So it's not just the back tax on EBT at #Rangers. PAYE and VAT was withheld by Craig Whyte, around £9m of it. Helps explains HMRC hardball
Retweeted by LTN
4m Douglas Fraser @BBCDouglsFraser Reply Retweet Favorite · Open
Duff and Phelps statement: £9m was unpaid in tax since last May!
Retweeted by LTN
Ohh dear
Pre pack now favourite...accountants and lawyers win as usual and poor old Fred who supplied the coffee machines gets fecked along with all the other unsecured creditors.
As a result of the 10 point deduction, Rangers drop from 2nd to 2nd in the table
hhhhhhhhhhmmmmm ...this guy seems to have had an ulterior motive all along then...
I think this has been the plan when the club was sold to him last year.
so...football clubs can basically pay no tax if they wish...time a receivership to coincide with when a ppoints deuction is meaningless cos they cant win anything anyway.....
play around with receivership law and start afresh.
what an utter disgrace.
play around with receivership law and start afresh.
what an utter disgrace.
What's the betting the moron's that were booing him last night will be cheering him if he pull's this one off.
.they knew what the guy was about when they sold to him..
Johnston chaired the independent board committee, created by Rangers to assess potential buyers of the club from Sir David Murray, who was keen to sell after more than 20 years at the helm and whose Murray International business empire was feeling the effects of the recession.
"We were somewhat entitled to the view that who carried the coffin to the graveyard, if you will, was going to be important with respect to how they might benefit from that scenario," Johnston told Sportsound.
"For whatever else he [Whyte] is, his expertise is in distressed companies and making them survive, or not survive, to his benefit. "We were entitled to take the view that administration would be on his agenda and that he would be the principal beneficiary of such a process.
"What I would say [to Whyte] is, 'what is it you missed in due diligence that would have indicated that you are in situation that you did not anticipate?'
Continue reading the main story
“For Mr Whyte to say we were not actively working on the long-term survivability of Rangers is a function of naivety
”
Alastair Johnston
Former Rangers chairman
"'And what is it that you have or have not done that may or may not have made a difference under your stewardship?'
"The bottom line is that he spent a vast amount of time studying this tax case, a lot more than he did on operating issues like cash flow.
"He had a wealth of advice on the tax case, so only he knows what his agenda was at that point in time."
Johnston was the club chairman when Whyte bought out Murray for £1 and cleared the £18m debt owed to Lloyds Bank.
baffling.
Johnston chaired the independent board committee, created by Rangers to assess potential buyers of the club from Sir David Murray, who was keen to sell after more than 20 years at the helm and whose Murray International business empire was feeling the effects of the recession.
"We were somewhat entitled to the view that who carried the coffin to the graveyard, if you will, was going to be important with respect to how they might benefit from that scenario," Johnston told Sportsound.
"For whatever else he [Whyte] is, his expertise is in distressed companies and making them survive, or not survive, to his benefit. "We were entitled to take the view that administration would be on his agenda and that he would be the principal beneficiary of such a process.
"What I would say [to Whyte] is, 'what is it you missed in due diligence that would have indicated that you are in situation that you did not anticipate?'
Continue reading the main story
“For Mr Whyte to say we were not actively working on the long-term survivability of Rangers is a function of naivety
”
Alastair Johnston
Former Rangers chairman
"'And what is it that you have or have not done that may or may not have made a difference under your stewardship?'
"The bottom line is that he spent a vast amount of time studying this tax case, a lot more than he did on operating issues like cash flow.
"He had a wealth of advice on the tax case, so only he knows what his agenda was at that point in time."
Johnston was the club chairman when Whyte bought out Murray for £1 and cleared the £18m debt owed to Lloyds Bank.
baffling.
http://youtu.be/WUZx7rn6LKA
Only From May / Wheres the money Mr Whyte
Only From May / Wheres the money Mr Whyte
HMRC are going to make an example of Rangers big style.
S.F.A. HOLD NO BLAME .
CLUBS RUN THEIR OWN FINANCES .
PART OF A CUNNING PLAN NOT TO PAY TOO MUCH CLEVER EH....?
LOOPHOLE THAT LETS THEM BACK IN .
HMRC ... WILL TRY TO CLOSE IT SOON, HUGE LOSS OF REVENUE ...?
CLUBS RUN THEIR OWN FINANCES .
PART OF A CUNNING PLAN NOT TO PAY TOO MUCH CLEVER EH....?
LOOPHOLE THAT LETS THEM BACK IN .
HMRC ... WILL TRY TO CLOSE IT SOON, HUGE LOSS OF REVENUE ...?
Won't be allowed to play in champions league if still in Administration in April even if they finish second.
Given their undying loyalty,why doesn't Queenie have a word with the Revenue to help out the Huns?
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
nothing would please me more than beating the celtic when we are down at rock bottom. cant wait.
Oops, better put link in as well.
http://www.hmfckickback.co.uk/index.php?/topic/106972-rangers-story-from-dai...
http://www.hmfckickback.co.uk/index.php?/topic/106972-rangers-story-from-dai...
Oops wrong link. http://www.thedailymash.co.uk/sport/sport-headlines/rangers-pledges-sectaria...
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.
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.
Dundee United, due around £100,000 from Rangers following their 2-0 Scottish Cup victory at Ibrox 10 days ago, must now join the queue of creditors and hope for the best.
Struggling Dunfermline are owed a similar amount for tickets supplied to the club for last Saturday’s match at East End Park. Rangers won that match 4-1 but the Pars are entitled to feel aggrieved that their opponents sold the tickets to the travelling support at a time when they were planning to file a Notice of Intent to enter administration.
Meanwhile, Inverness Caledonian Thistle, whom Rangers visit on Feb 26, revealed that they have already provided Rangers with tickets for their fans, meaning they could also struggle to recoup the full amount from the champions.
Hearts have also confirmed that they are still due “a sizeable amount” of the £1.5million transfer fee agreed for Scotland full-back Lee Wallace’s switch to Ibrox last summer.
Jelavic was signed from Rapid Vienna in 2010 but it emerged last night that the final payment, believed to be in the region of £1.2million, has still to be paid.
The news of Rangers’ demise has prompted the Austrian club to consult a British law firm.
“We have not been paid in full,” said Peter Klinglmüller, Rapid’s head of communications. “Like everyone else, we have been reading about Rangers’ situation on the internet. The transfer fee for Jelavic was to be paid in three instalments, with the final one due this summer.
Struggling Dunfermline are owed a similar amount for tickets supplied to the club for last Saturday’s match at East End Park. Rangers won that match 4-1 but the Pars are entitled to feel aggrieved that their opponents sold the tickets to the travelling support at a time when they were planning to file a Notice of Intent to enter administration.
Meanwhile, Inverness Caledonian Thistle, whom Rangers visit on Feb 26, revealed that they have already provided Rangers with tickets for their fans, meaning they could also struggle to recoup the full amount from the champions.
Hearts have also confirmed that they are still due “a sizeable amount” of the £1.5million transfer fee agreed for Scotland full-back Lee Wallace’s switch to Ibrox last summer.
Jelavic was signed from Rapid Vienna in 2010 but it emerged last night that the final payment, believed to be in the region of £1.2million, has still to be paid.
The news of Rangers’ demise has prompted the Austrian club to consult a British law firm.
“We have not been paid in full,” said Peter Klinglmüller, Rapid’s head of communications. “Like everyone else, we have been reading about Rangers’ situation on the internet. The transfer fee for Jelavic was to be paid in three instalments, with the final one due this summer.
Well done Celtic for getting the monkeys ticket money up front.
Every other team who hosts the Death Star Deviants, will now have to do likewise.
Jelly and Ice Cream when Rankgers die !
Every other team who hosts the Death Star Deviants, will now have to do likewise.
Jelly and Ice Cream when Rankgers die !
Rangers Tried to sell Jellyfish to Everton to pay there Death
http://forums.scottishfootballforums.co.uk/topic/7056-funny-pictures-about-r...
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
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
Sir david Murray surprised Rangers slide into administration! Pull the other one.
http://www.guardian.co.uk/football/2012/feb/14/sir-david-murray-disappointed...
http://www.guardian.co.uk/football/2012/feb/14/sir-david-murray-disappointed...
http://img101.imageshack.us/img101/6860/whytecroniesdogpoker.jpg
Lot a bluffing going on
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
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
Interesting stat....
--------------------------------------------------------------------------------
John Clements @JohnClementsGLA Reply Retweet Favorite · Open
Of the top 190 Football Teams in the UK, all but one has fielded a player from the Republic of Ireland in their first team at some point.
Retweeted by Shane Stevens
--------------------------------------------------------------------------------
John Clements @JohnClementsGLA Reply Retweet Favorite · Open
Of the top 190 Football Teams in the UK, all but one has fielded a player from the Republic of Ireland in their first team at some point.
Retweeted by Shane Stevens
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.
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.
The Big House Must Stay open........They are da peepil
http://www.youtube.com/watch?v=WGkOBEngTR8&feature=player_embedded
....They are da peepilhttp://www.youtube.com/watch?v=WGkOBEngTR8&feature=player_embedded
http://www.youtube.com/watch?v=RnjzOpdc1x0&feature=youtu.be
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