How administrators can avoid redundancies short-term

There have been many questions about the unusual circumstance in football of Rangers going into administration but not making any players redundant.  It is possible, and not totally uncommon, for directors of a company in administration to arbitrarily choose to provide funds from their own resources to pay any chosen creditor, including staff. In football, players’ contracts of employment need to be with the club, but the source of payment can come from anywhere.

In this instance, Rangers Group, the club’s holding company, or any other body or person, could be in sufficient funds to provide the administrators with enough money to not only pay players, but to continue operating in a relatively normal state.  Rangers’ administrators have already suggested Craig Whyte has guaranteed to make-good wages due to be paid this week, although it was not made clear which entity would be paying, or the source of such funds.

Administrators will only be forced into player redundancies if they do not have sufficient funds available to see them through to the timely conclusion of negotiations with creditors, or if they are unable to receive binding undertakings from another source that they will step forward to pay players next month.

Various sources over the weekend suggested HM Revenue and Customs were prepared to extend generous time to pay terms to Rangers.  This club is owned by Craig Whyte.  While we all know what a stand-up guy Craig is, how likely to you think HMRC are to believe he will stick to a plan stretching out years into the future?  It’s just not going to happen.

I hear a ‘We’ll take a few years to pay too’ campaign is set to trickle through the SPL if HMRC agree to this one.  Better using the tax man as a bank than using an actual bank.

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1072 thoughts on "How administrators can avoid redundancies short-term"

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  • pigalle

    Finishing the season with MINUS points.

    I like the sound of that !

    pigalle

  • amadeus

    They are paying these guys?
    Shome mishtake surely!

  • Dobbo

    Peter Lawwel – the SSM. He has run celtic in such a way as to compel Rangers to spend their way into obliviation.

    I’d put that on his tombsone as opposed to “In January 2009 he failed to sign Stephen Fletcher”.

  • pigalle

    And to think that the former head of the SFA may have “presided” over this farce.

    Just gets better so it does.

    pigalle

  • !!Bada Bing!! Kano 1000

    voguepunter says:
    21 February, 2012 at 10:19
    Bada Bing

    I see you are away to New York for Saint Patrick’s day,
    when is that ?
    17th March every year mate :}

  • tomtheleedstim

    CelticResearch CelticResearch
    Q for Duff & Phelps. Have any of the player salaries been paid by outside parties such as The Rangers Fc Group Ltd. A Yes or No will suffice
    14 minutes ago

  • PeteTheBeat

    On a serious note, if they get liquidated and he makes a few million, Craig Whyte must realise that he’ll be looking over his shoulder for the rest of his life.

    They have some very violent people as supporters.

    No amount of money is worth that. Do we have a Witness Protection program :-)

  • pigalle

    This is like a totally fabulous way to start the day, Hoopsters.

    The crazy ones seem to be shooting themselves in the foot over and over again.

    And by the looks of it there is plenty more to come.

    Yeeeeehhhaaaa to The Mad Bad Bullionaire !

    pigalle

  • amadeus

    Oops, Leggat has overstepped the mark.
    See you in court Dave!

  • !!Bada Bing!! Kano 1000

    Kittoch-Luck started on Sky Atlantic on Saturday,it’s repeated tonight @ 11pm.Looks promising,the horse racing sequences are very well filmed.

  • jimtim

    MORNING BHOYS , just listened to the traynor .young playback from saturday with the fellow frank . How odious are those two . I stopped listening to that programme many years ago , and listening to that ive had the best of it . what i cant understand is why they are still so defendant of murray . I wonder

    hail hail
    jimtim.

  • The Battered Bunnet

    Rogue

    Gordon Smith was CEO of the SFA for 3 years. He knows the registrations framework inside out. He’s got friends in every town and village from here to the Sudan. He speaks a dozen languages, knows every local custom, he’ll blend in, disappear, you’ll never see him again.

  • LiviBhoy

    1st post of the day. New article will probably follow soon….

    What happens to the TV deal if Rankers are in the bottom 6?

    LB

  • johann murdoch

    Good morning all..firstly great news re wee oscar!..

    Heres a thought and following on the alleged registration issue and others might expand on this maybe if its true he meant to do it and hopefully get away with it? via RFC group as it was the only means of paying players via Ticketus money which he did not wish to transfer to the football club to give visibilty of it as I would imagine at this point that he is still sitting on the advanced ticket money or a significant portion of it ..just trying to get another handle on it ..anyone care to look at this line of thought?
    It would seem from reading on here and the RTC blog that he has a penchant for ‘mixingup’ names and other details.

  • GiggsyBhoy

    New article posted.

  • Burnley78

    amadeus

    ref Leggat…….how so ?

  • johann murdoch

    TBB@10.37

    But what about his parents? who will look after them?

  • monthehoops

    See how politicians and academics and journo’s keep telling us how rangers is part of the fabric of Scotland. If they were a fabric they would be that horrible grease proof toilet paper that you got in the works toilet. You know the type that just spread the mess rather than cleaning it up. Nobody liked that either and it was totally useless also.

    Monthehoops

  • amadeus

    Check his blog.
    Actionable, I would humbly submit.

  • 31003

    Ghuys…..just quickly jumped in to say that if any of you haven’t seen VOGUEPUNTERS submission yesterday afternoon, can i advise you to scroll back and read it…….The man’s an absolute genius….Three cheers for Vogue…Hip Hip…..Hooray….Hip…Hip…Hooray…..Hip…Hip….Hooray

  • AndyM

    Headtheball says:
    21 February, 2012 at 10:15
    All hope of Ranjurs winning the league has now gone so there’s no point in them having any assistance from anyone. See the recent Ibrox refereeing display for evidence.

    If the registration story has any basis and the penalties are correctly applied the number of ‘honest mistakes’ could sky rocket just to keep them in the SPL.

  • hen1rik

    Lads just logged in, morning to all.

    Please lads tell me this is true about rangers players being registered to a different company.

  • Headtheball

    lionroars67

    That’s a distinct possibility.

  • Paddy Gallagher

    The Lion that is Celtic seems to be patiently watching and listening to the death throw at Ibrox.
    Have to wonder if their preferred bulls eye is more SFA than RFC.
    Succulent Mutton.

  • tomtheleedstim

    Hen1rik – story is doing the rounds again this morning but looks like a little more substance to it today.
    Looks like the mainstream press may have their teeth (I know) into it.

  • The Onlooker

    Paul ( or anyone else)
    Looking for advice on how to get contact details of one of the regular bloggers here.
    My son noticed a post yesterday and realised the person referred to was me.

    Any help greatly appreciated.

    The Onlooker
    Tims Reunited CSC

  • LiviBhoy

    Who was it that said never interrupt your enemy whilst they are making mistakes?

    The press conference from Neil Lennon the other day was very interesting. I think Celtic have an inkling this was happening last year with the 3rd party payments.

    Celtic are playing this beautifully!

    LB

  • celticlegends

    amadeus says:
    21 February, 2012 at 10:44
    Check his blog.
    Actionable, I would humbly submit.

    I have just read Leggats blog there.
    I agree there might be a court case that Leggat might have to attend. Disgusting stuff

  • jimtim

    amadeus says:

    21 February, 2012 at 10:44

    Check his blog.
    Actionable, I would humbly submit.

    a lot of posts to wade through mate a wee guide would be a help ..

    Paddy Gallagher says:

    21 February, 2012 at 10:49

    The Lion that is Celtic seems to be patiently watching and listening to the death throw at Ibrox.
    Have to wonder if their preferred bulls eye is more SFA than RFC.
    Succulent Mutton.

    share

    please let it be so . Then media house .

    hail hail

    jimtim.

  • voguepunter

    31003 says:
    21 February, 2012 at 10:45

    Have already texted Vmhan this morn to tell him to shut it,
    don’t you keep it going. :O)

  • rt rev david hay

    paddy g

    yep…my thoughts exactly here.
    the sfa have been involved with rnkers
    pretty closely re registrations for players
    and the registration for their euro failures.

    the end is coming for the scumbags
    and once it goes through their system
    it’ll follow through on the sfa if you catch
    my drift ;-)
    uefa and fifa know the rules and will also know
    when they have been infringed by an association.
    the penalty though will be on scottish football overall and this
    will be our cue to move to EPL
    the wheels are turning…you heard it here first.
    PL doesnt go to chelsea games for a laugh ;-)

  • Henriks Sombrero

    Amadeus – can you post the gist of Leggats blog ? I don’t want to give the lunatic the hits.

  • starry plough

    amadeus says:
    21 February, 2012 at 10:44

    Dearie me….

    The huns get the writers they deserve…

  • jimtim

    celticlegends says:

    21 February, 2012 at 10:52

    amadeus says:
    21 February, 2012 at 10:44
    Check his blog.
    Actionable, I would humbly submit.

    I have just read Leggats blog there.
    I agree there might be a court case that Leggat might have to attend. Disgusting stuff

    share

    any linksto leggats glog mate .

  • ernie lynch

    amadeus says:
    21 February, 2012 at 10:44
    ‘Check his blog.
    Actionable, I would humbly submit.’

    The comment about Speirs?

    Nobody’s going to sue Leggat. Only the deranged believe anything he says. It would be like wrestling a pig. The pig enjoys it and you end up covered in crap.

  • Paddy Gallagher

    31003 says:
    21 February, 2012 at 10:45

    This very morning I ordered a gilt framed signed copy of that post for Mrs G’s birthday. No 17/500. :-)

  • Imatim and so is Neil Lennon

    LiviBhoy says:
    21 February, 2012 at 10:52
    Who was it that said never interrupt your enemy whilst they are making mistakes?

    The press conference from Neil Lennon the other day was very interesting. I think Celtic have an inkling this was happening last year with the 3rd party payments.

    Celtic are playing this beautifully!

    LB

    ,,,,,,,,,,,,,,,,,,,,,,,,,,,,

    2010 Never Again

    ….and have been for some time with more than a little help from “The Unseen Fenian Hand”

  • South Of Tunis

    Leggo casting aspersions on Tweedgusset.?

    Just a wee bit of Bear on Bear action . Hundom is eating itself .

    Sit back and enjoy.

  • voguepunter

    The Battered Bunnet says:
    21 February, 2012 at 10:37
    Rogue

    Gordon Smith was CEO of the SFA for 3 years. He knows the registrations framework inside out. He’s got friends in every town and village from here to the Sudan. He speaks a dozen languages, knows every local custom, he’ll blend in, disappear, you’ll never see him again.
    ———————————————————–
    TBB, you paint wiggy as an almost Jason Bourne like
    character,instead of the born liar chancer,he really is .

  • hen1rik

    tomtheleedstim says:
    21 February, 2012 at 10:50
    Hen1rik – story is doing the rounds again this morning but looks like a little more substance to it today.
    Looks like the mainstream press may have their teeth (I know) into it.

    Cheers matey, i did lol there when you mentioned MSM.

  • amadeus

    Regrettably, I won’t repeat his words.
    If he has said them, then I doubt a few more hits will make much difference.

  • voguepunter

    Paddy G

    Peach :O)

  • mickthetic

    Seven fishes four steak

    @0952

    That tickle me, coffee all over the laptop and clean shirt required

    Mtt

  • 31003

    Paddy Gallagher says:
    21 February, 2012 at 10:59

    Great Idea……n here’s another…..surely Paul67 is able to recognise magnificent posters by….lets say….enabling their moniker to be highlighted in GOLD….that way any new poster would know that they were in the presence of greatness and could tug their forelocks (I said forelocks) and/or courtsey when corresponding with the great man…whatdya say Paul67?

  • northbhoy … \o/

    Sorry if this has been posted already.

    Dani Gravelli Scotsman features journo 21 02 12

    ‘Last week Whyte launched legal action against the BBC for alleged defamation.’

    I think this is just old news being regurgitated, has anyone else got info he has reopened his case against BBC ?

    Scotsman piece Pancake tuesday nothing much new in it.

  • Mort

    31003 at 11:06

    Great Idea……n here’s another…..surely Paul67 is able to recognise magnificent posters by….lets say….enabling their moniker to be highlighted in GOLD….that way any new poster would know that they were in the presence of greatness and could tug their forelocks (I said forelocks) and/or courtsey when corresponding with the great man…whatdya say Paul67?

    Already done, your moniker turns green if you are one of the chosen few.

    Mort

  • BeijingBhoysBrigade

    Re the Huns and their dodgy players registrations. Please please please, make it so. Minus points wid be fan TIC tastic!

    Also it wid be a great retort to Huns who believe they’ll come out of Administration >>>>>>>>

    ‘well, whatever happens you’re sh@te and YOU ARE GOING DOWN”!

    haha

    mypoorsidesCSC

    p.s got two jelly and ice cream t shirts now! (Thatcher and the Huns).

  • The Lizard King

    GEF does tell the truth occasionally. One of the first things he said when taking over Rangers was “I don’t know anything about running a football club”. Bracingly honest I thought.

    Also, as evidenced by GEF’s history with his massive portfolio of companies, he doesn’t really “do” attention to detail, governance, compliance or anything much beyond leaking money and stiffing creditors.

    He clearly gambled on the Big Tax Case drowning Rangers such that piffling details of ownership, funding, player registration, asset management and corporate governance would be forgotten and deemed irrelevant once HMRC got their teeth in.

    He reckoned without the need for Murray and co to not be seen as the ones who took them down – hence the press scrutiny – this is all about protecting Murray and pals, as well as some misguided loyalty to Rangers, for whom it may be too late. Forget the money – this could get life limiting.

    HH

    TLK

  • Timabhouy

    CMON THE CELTIC

  • Paddy Gallagher

    31003 says:
    21 February, 2012 at 11:06
    Paddy Gallagher says:
    21 February, 2012 at 10:59

    Great Idea……n here’s another…..surely Paul67 is able to recognise magnificent posters by….lets say….enabling their moniker to be highlighted in GOLD….that way any new poster would know that they were in the presence of greatness and could tug their forelocks (I said forelocks) and/or courtsey when corresponding with the great man…whatdya say Paul67?

    share
    ************
    Brilliant!!

    Or posters getting stars after their monkier up to a maximum or five, but if they get caught cheating then obviously their stars are repossessed?

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