Craig Whyte’s representatives have seen more court time than Andy Murray in recent months and were able to make the most of home territory at the Court of Session in Edinburgh today by gaining permission to appoint their own administrators, Duff and Phelps.
Scottish Premier League tables across the world will now be updated to reflect the new position which gives Celtic, who scrupulously pay all debts, a 14 point lead at the top of the table.
The hours and days ahead will be worrying times for the many employees of Rangers, not all of whom are on superstar wages, who await to hear if they still have jobs. Worrying times also for suppliers to Rangers, including Glasgow City Council, Strathclyde Police and the many small traders, who will be asked to provide services if Saturday’s game at Ibrox goes ahead.
One final push (this week) for the Vanessa Riddle Appeal. We have a Celtic top signed by the first team squad available to auction on eBay. You can bid on the auction and help send Vanessa for the treatment she needs by clicking here. Thanks to Penfold for the donation and to Taggsybhoy for organising (yet again).
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hail hail!!
Primo
HMRC CFC
Am I the only one thinking that MBB will bolt the course in the next couple of days?
YAAASSS
Great to see Hector is attacking in the Celtic style.
Get into them!!!
So is this a good result for MBB as he attempts to shaft HMRC??
My first first on CQN and the huns going bust. I should buy a lottery ticket, this really is my day!
Paul67,
you jumping the gun here???
Not heard it being called officially yet……..have you?
HAIL! HAIL!
Token
Lardo66 – no, you’re not. He’s in over his head.
Top 10?
To go with the +10.
BroonSauce
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FOOTBALL news: Celtic have appealed Daniel Majstorovic sending off will be heard by fast track tribunal on 16th February
Summa
Kerrydale Street;
The next 90 mins are a real 10 pointer
!
Lardo66 says:
14 February, 2012 at 14:03
If I was him I would bolt now,every time you see him at
ibrokes he’s looking round for the sniper.
Baws.
Broonsauce
Surely this will just annoy Hector even more?
Neil lennon’s 29 point turnaround!
He’s got a head like a sniper’s w#t dream!!
JackGlasgow says:
14 February, 2012 at 14:05
Just had a text from a good source. Strathclyde Police have raised an invoice for policing Saturday’s game that must be paid in advance by Thursday or else game is off.
—————
Wow.
from a guy on FF
Please please mr whyte just do this for the Rangers, i dont know why but i trust you 100 %
Think the ‘guy’ might be his mammy.
Craig Whyte appointing administrators means he can follow his agenda which could mean the ultimate end of Ratners
If Hector appointed an administrator they would run the business on gruel for years to get their money which is due, this option might be more fun but would not result in the end of Ratners.
This is even worse for the Ratners fans.
.
Craig Whyte has Instructed his Lawyers to ask the Court if the Clocks can be Moved Back..
To 2001..
Summa
TTT,
It will happen at 3.30pm.
90 minutes for rangers but there will be no injury time for the penalty to win the game!
I think we should make the League Cup final an ‘Orange’ day in apprciation of (wee) Dick Advocaat
Surely hmrc plan to try and chase any newco for their bill if n when liquidation happens regardless of who owns the assets?
Paul67,
Just wanted to say thanks for the rather wordy reply you gave me yesterday. The Celtic community is all the better for CQN, more power to you Paul. Will you join me in toasting Neil Lennon, league winning Celtic manager…too soon?
What’s the earliest a league has been won? And can we beat it this year? How I would love that!
FPLG not in the company car! Still looking plump though. He’s hiding the succulent lamb from MBB!
Token Tim, it will all be in place within minutes, if not already.
Fassreifen says:
14 February, 2012 at 13:52
‘Do we know anything about Duff & Phelps? What were HMRC’s concerns about “public perception?’
##########
Rangers in crisis: Administrator-in-waiting David Grier will be faced with biggest decisions in club’s history
Feb 14 2012 By James Traynor
THE man in line to become Rangers’ administrator was right there with Craig Whyte when he took the keys to the Ibrox front door.
David Grier was one of the city slickers who marched down Edmiston Drive on May 7 last year, a day after Whyte had won control of Rangers.
He’d been commissioned by Whyte’s Liberty Capital company to advise on the takeover – and now his firm, Duff and Phelps, appear to be the preferred option as administrators.
We can reveal their people, described as restructuring specialists, will be at Ibrox today.
If Grier is with them, he’ll notice a dramatic change in atmosphere, as well as welcome.
This time, he won’t be cheered in by adoring fans.
This time, he’s more likely to be jeered, just as all administrators are who enter the football arena.
They are feared by fans because they are responsible for axing staff and salaries.
Grier’s company will have to do exactly that to save Rangers from oblivion only nine months after Whyte had declared a bold new dawn – and a debt-free one at that. But how times have changed.
If Whyte gets his way, Grier will have the final say on which players stay and which ones have their contracts ripped up.
Many Rangers fans and the members of the previous board fear that other assets could also be sold off.
They are concerned that Rangers – the company – could be broken up with “for sale” signs slapped on Ibrox, Murray Park and the Albion car park to raise money to pay off creditors.
The club would then have to pay rent for use of the properties and that would severely restrict Rangers’ ability to generate enough profit to make the team stronger.
That’s a doomsday scenario. But even if the business isn’t splintered, the administrator will still have to make some of the toughest and most far-reaching decisions in the club’s 139-year history.
He will also have to negotiate with HMRC, who are still confident of winning their Employee Benefit Trust case against Rangers.
That could land the club with a crippling £49million bill and last night Whyte claimed that figure could rise as high, with penalties, as £75million.
That sounds like scaremongering on a grand scale but even so, the administrator knows he might have to cut a deal with the taxman because Whyte has decided not to wait until the final ruling, which will be announced in a couple of weeks.
There would be absolutely no point in entering administration, paying off creditors and then exiting only to find HMRC waiting for him with their tab – no matter the amount.
So Grier would be tasked with bringing the taxman to the negotiating table and attempting to reach a compromise which could see millions wiped off any debt.
Then again, Whyte, like many who have followed this tax saga, might really believe Rangers will be left with only penalties of no more than £10million to pay.
So he could be gambling on a quick in and out of administration.
He might be able to pay a decent sum in the pound to creditors and that would make it easier for the administrator to wrap things up quickly.
The taxman would prove a much more difficult customer.
Whyte did say when he took over that he could handle a tax bill of around £12million and that might still be the case.
But first the administrator, who will be appointed by Whyte because he’s the main creditor, will have to be sure of cutting a deal.
Grier probably believed he’d done his bit to move Rangers on to a more solid base nine months ago.
Now he has to do it all over again and this time it might be even tougher.
He’ll have to cope with resentment from within Ibrox and Murray Park, where he might even be regarded as an enemy.
But that can be the nature of his work and if he gets this right and turns Rangers around, he could yet become known as something of a saviour.
http://www.dailyrecord.co.uk/news/scottish-news/2012/02/14/rangers-in-crisis-administrator-in-waiting-david-grier-will-be-faced-with-biggest-decisions-in-club-s-history-86908-23748131/
Christ Almighty three wins and a draw and I missed them all still 10 points is 10 points:0)
Minus 10 in Govan this afternoon. Brrrr :-).
All Timettes are guaranteed the full treatment this fine day!
Cara Sulieman @carasulieman
The two legal teams spoke to their parties and to each other during break and came to this agreement. #Rangers
.
Here’s the Deal..
If we Take 12pts from the Next 4 Games..
And The Insolvents Drop 5pts in the Next 4 Games..
We Go to iPox Needing a Victory for the Title..
22pts Needed..
Summa
Paul67
I really wanted HMRC to appoint one as they would have shut rangers down. Now rangers get to run things to their advantage.
A bit gutted to be honest… :(
Can somebody cause a traffic jam on the m8?
wouldn’t it be good if there was a web site, where at bang on 3.30pm we could sit and watch their points ticking back the way.
this indeed is the day that the lord has sent.
God bless Paul 67, RTC, Phil, Neil and all you guys that have taken me along on this glorious ride.
tock tick
PC67
5th November 2011 – Ibrox Stadium – Forces Day
What a shower of worthless mutants they are.
Parading soldiers around the park to their crowing, cretinous fans whilst not paying PAYE and NIC that pays these guys wages.
It is shameful. Utterly shameful what that club have done in this country.