slf Posted February 6, 2012 Report Share Posted February 6, 2012 They rattled the biscuit tin and nothing came out. ghostie had his biscuit tin oot yesterday.plenty in there . Quote Link to comment Share on other sites More sharing options...
Edstar101 Posted February 6, 2012 Author Report Share Posted February 6, 2012 Just seen Gazza outside Ibrox. He was carrying a fishing rod, 6 cans of lager and a fish supper....it must be serious right enough!! Quote Link to comment Share on other sites More sharing options...
ODAB Posted February 6, 2012 Report Share Posted February 6, 2012 Just seen Gazza outside Ibrox. He was carrying a fishing rod, 6 cans of lager and a fish supper....it must be serious right enough!! He'd probably get a game! Not possible to be worse than that "Mervan" Quote Link to comment Share on other sites More sharing options...
MUMBO JUMBO Posted February 6, 2012 Report Share Posted February 6, 2012 The BBC have reported the "possibility" that Craig Whyte committed perjury in a December 2011 court case between one of his companies and a roofing company [ the pursuer ] Quote Link to comment Share on other sites More sharing options...
Paul N Shark Posted February 6, 2012 Report Share Posted February 6, 2012 Fair play to the BBC for exposing that ugly wee *** bassa, first time in my life I'm no moaning at having to pay my TV licence. You should check out the bitter and twisted **** on the Rangers Media forum, some think the tax case is a Papal plot to finish them off ! Quote Link to comment Share on other sites More sharing options...
slf Posted February 6, 2012 Report Share Posted February 6, 2012 there not loyal anymore Quote Link to comment Share on other sites More sharing options...
ex-montrosesaintee Posted February 6, 2012 Report Share Posted February 6, 2012 The BBC have reported the "possibility" that Craig Whyte committed perjury in a December 2011 court case between one of his companies and a roofing company [ the pursuer ] Oh dear oh dear oh dear. Proves how screwed up the legal and justice systems are in this country if guys like Whyte aren't behind bars. Conversely he lives in a castle. Sickening state of affairs. He'll walk away from rangers with his pockets bulging with cash, without a care. Quote Link to comment Share on other sites More sharing options...
Wish i was Joe McGurn Posted February 6, 2012 Report Share Posted February 6, 2012 Oh dear oh dear oh dear. Proves how screwed up the legal and justice systems are in this country if guys like Whyte aren't behind bars. Conversely he lives in a castle. Sickening state of affairs. He'll walk away from rangers with his pockets bulging with cash, without a care. Yes he will but this has been on the main radio news on a few stations. This isn't some small story. He could go to prison for this. He may have bulging pockets but will need that cash to not become someone's bitch in jail. Quote Link to comment Share on other sites More sharing options...
sjfc99 Posted February 6, 2012 Report Share Posted February 6, 2012 If only Giovanni di Stefano can get involved somewhere and completely finish them off! Quote Link to comment Share on other sites More sharing options...
Wish i was Joe McGurn Posted February 7, 2012 Report Share Posted February 7, 2012 If only Giovanni di Stefano can get involved somewhere and completely finish them off! Maybe someone could get his email address and ask him. Quote Link to comment Share on other sites More sharing options...
Smarmy Arab Posted February 7, 2012 Report Share Posted February 7, 2012 Maybe someone could get his email address and ask him. Ahh Giovanni...comedy gold.........to think, the fun believed everything he said! http://www.youtube.com/watch?v=K5aJ8yRzLRU Quote Link to comment Share on other sites More sharing options...
ancientsaint Posted February 7, 2012 Report Share Posted February 7, 2012 RUMOUR and i reiterate its a RUMOUR........plans are in place to buy out CLYDE and move to Broadwood IF things go pear shaped. Quote Link to comment Share on other sites More sharing options...
Wish i was Joe McGurn Posted February 7, 2012 Report Share Posted February 7, 2012 RUMOUR and i reiterate its a RUMOUR........plans are in place to buy out CLYDE and move to Broadwood IF things go pear shaped. I doubt they will win the champions league playing there. Quote Link to comment Share on other sites More sharing options...
Tranmere Saintee Posted February 7, 2012 Report Share Posted February 7, 2012 If only Giovanni di Stefano can get involved somewhere and completely finish them off! (borrowed from facebook) - they did get in touch, but he refused as he didn't want to soil his reputation!! Quote Link to comment Share on other sites More sharing options...
stevensan Posted February 8, 2012 Report Share Posted February 8, 2012 I've been following this for the last 6 months via rangerstaxcase.com, which, up until recently when the mainstream press finally got interested in the story was purely business based, and reporting hard facts: So far they have: - There are 2 tax cases. One has been appealed (the small tax case) at around 2.5million. HMRC currently have a 'hold' on the cash. There is a 2nd tax case (the big case) where the tribunal just finished a few weeks ago. A decision is expected within a month or so. HMRC are claiming 35million in back taxes, along with circa 14 million in penalties. All in all, thats just over 50million owed to HMRC. - Most experts agree the tribunal will find against Rangers and the tax will become due and payable immediately (regardless of whether they appeal or not) - at this point Rangers would be insolvent. - Whyte holds a floating charge over Rangers assets. Therefore, if he puts the company into administration, he gets first dibs on any assets (Stadium, training ground etc) - For the club to come out of administration it needs to secure a CVA (Creditors voluntary agreement) to pay a % of its debts. - Its debts are currently to 1) Whyte - circa 25m that was used to pay off Lloyds TSB at the takeover and 2) circa 50m to HMRC. - 75% of the creditors must agree. As you can see, HMRC would have to agree to take less money. They don't do this. They would wind up the business instead. If Whyte agreed to a CVA he would be signing away money that he would get back from the floating charge anyway, so why would he do that? - on top of this, Whyte has mortgaged 4 years worth of season tickets and 2 years worth of catering receipts at Ibrox (The Ticketus deal, which Daily Record reported last week). So even if rangers came out of administration, they would have next to no cash flow for 4 years. - If Whyte put the company into liquidation he would walk away with his floating charge back. (eg, 25 million better off). The company would be dissolved and Rangers would cease to exist. - If a 'new rangers' was allowed to stay in the SPL, then the HMRC would go after the new company for the back taxes, as it would essentially be the same company. (there is case law to support this) They would therefore still be 50m in debt. - If Rangers went into admin today, due to their debts to Whyte's companies, the tax bill would become due straight away and it would be upto an administrator to take HMRC to court if they didnt agree with it. Meanwhile, the company would need to fund its running expenses which would be next to impossible without fresh income. - The only way for Rangers to survive after Admin would be for the tax case to be won, AND for Whyte to accept a CVA on their behalf. Rangers are well and truly up the creek without a paddle. Quote Link to comment Share on other sites More sharing options...
SingaporeSaint Posted February 8, 2012 Report Share Posted February 8, 2012 What if someone else came in and bought the club and all the debts out with actual cash ? There is a lot of money people that support Rangers. Quote Link to comment Share on other sites More sharing options...
stevensan Posted February 8, 2012 Report Share Posted February 8, 2012 well, as of right now, it would cost them around 75m to clear the debts. Whyte would have no interest in selling, as he has security over Ibrox, and the taxman will want his money immediately. 75m is a LOT of money just to throw away to save a club. It would make far more sense to wait until they went under, do an Airdrie Utd and buy a smaller club in say the 1st division (aka Clydebank), and lease back (or buy off Whyte for 25million) Ibrox under a new name - Say Rangers 2012. They'd be back in the Premier League within 1 year and back fighting with Celtic shortly thereafter. It would also cost a hell of a lot less than paying off the debts they currently have. Quote Link to comment Share on other sites More sharing options...
Wish i was Joe McGurn Posted February 8, 2012 Report Share Posted February 8, 2012 Apparently trying to bring back the 35 year old Daniel cousin. He was pish before. Now he is pish, just older. Quote Link to comment Share on other sites More sharing options...
SingaporeSaint Posted February 8, 2012 Report Share Posted February 8, 2012 Is that Daniel O'Donnel, thought he was older than that. Quote Link to comment Share on other sites More sharing options...
SingaporeSaint Posted February 8, 2012 Report Share Posted February 8, 2012 Ooops Sorry, Rangers manager Ally McCoist is considering bringing free agent Daniel Cousin back to Ibrox and the 35-year-old striker could feature in Saturday's match against Dunfermline. (Various) Quote Link to comment Share on other sites More sharing options...
ancientsaint Posted February 8, 2012 Report Share Posted February 8, 2012 Colin Stein (64) signs on until end of season. Derek Johnstone (30st 6lbs) signed until end og March or until he pops his clogs. Tam Forsyth consisers 2 week playing deal. The futures bright -the futures ... Quote Link to comment Share on other sites More sharing options...
ODAB Posted February 8, 2012 Report Share Posted February 8, 2012 well, as of right now, it would cost them around 75m to clear the debts. Whyte would have no interest in selling, as he has security over Ibrox, and the taxman will want his money immediately. 75m is a LOT of money just to throw away to save a club. It would make far more sense to wait until they went under, do an Airdrie Utd and buy a smaller club in say the 1st division (aka Clydebank), and lease back (or buy off Whyte for 25million) Ibrox under a new name - Say Rangers 2012. They'd be back in the Premier League within 1 year and back fighting with Celtic shortly thereafter. It would also cost a hell of a lot less than paying off the debts they currently have. You are assuming the information you have off a website is correct. But then again if it is on an internet it must be true. Quote Link to comment Share on other sites More sharing options...
Wish i was Joe McGurn Posted February 8, 2012 Report Share Posted February 8, 2012 Lovely photo this is. Great memories https://mobile.twitter.com/GarethTurner1/status/167190656899493888?photo=1 Quote Link to comment Share on other sites More sharing options...
Wish i was Joe McGurn Posted February 8, 2012 Report Share Posted February 8, 2012 Harry Redknapp has sensationally been appointed as Glasgow Rangers Financial Director with immediate effect. His dog has joined the board. Quote Link to comment Share on other sites More sharing options...
The ghost of Jim Morton Posted February 8, 2012 Report Share Posted February 8, 2012 I've been following this for the last 6 months via rangerstaxcase.com, which, up until recently when the mainstream press finally got interested in the story was purely business based, and reporting hard facts: So far they have: - There are 2 tax cases. One has been appealed (the small tax case) at around 2.5million. HMRC currently have a 'hold' on the cash. There is a 2nd tax case (the big case) where the tribunal just finished a few weeks ago. A decision is expected within a month or so. HMRC are claiming 35million in back taxes, along with circa 14 million in penalties. All in all, thats just over 50million owed to HMRC. - Most experts agree the tribunal will find against Rangers and the tax will become due and payable immediately (regardless of whether they appeal or not) - at this point Rangers would be insolvent. - Whyte holds a floating charge over Rangers assets. Therefore, if he puts the company into administration, he gets first dibs on any assets (Stadium, training ground etc) - For the club to come out of administration it needs to secure a CVA (Creditors voluntary agreement) to pay a % of its debts. - Its debts are currently to 1) Whyte - circa 25m that was used to pay off Lloyds TSB at the takeover and 2) circa 50m to HMRC. - 75% of the creditors must agree. As you can see, HMRC would have to agree to take less money. They don't do this. They would wind up the business instead. If Whyte agreed to a CVA he would be signing away money that he would get back from the floating charge anyway, so why would he do that? - on top of this, Whyte has mortgaged 4 years worth of season tickets and 2 years worth of catering receipts at Ibrox (The Ticketus deal, which Daily Record reported last week). So even if rangers came out of administration, they would have next to no cash flow for 4 years. - If Whyte put the company into liquidation he would walk away with his floating charge back. (eg, 25 million better off). The company would be dissolved and Rangers would cease to exist. - If a 'new rangers' was allowed to stay in the SPL, then the HMRC would go after the new company for the back taxes, as it would essentially be the same company. (there is case law to support this) They would therefore still be 50m in debt. - If Rangers went into admin today, due to their debts to Whyte's companies, the tax bill would become due straight away and it would be upto an administrator to take HMRC to court if they didnt agree with it. Meanwhile, the company would need to fund its running expenses which would be next to impossible without fresh income. - The only way for Rangers to survive after Admin would be for the tax case to be won, AND for Whyte to accept a CVA on their behalf. Rangers are well and truly up the creek without a paddle. If there was a " Really phucking like this " button om WAP, I would be pressing it now.. Quote Link to comment Share on other sites More sharing options...
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