Quite apart from this week’s admission by First Minister, Alex Salmond, that he has been arguing with HM Revenue and Customs to “for goodness sake get a settlement” with Rangers, I continue to receive reliable assurances that HMRC are coming under pressure from all political angles to effectively offer state aid to Rangers FC PLC (in administration).
In short, if HMRC acquiesce, Rangers will have their debt zeroed and will be out of administration with only their 10 point penalty to show for years of financial doping.
Fifa guidelines explicitly prevent governments from interfering in football. State aid to any one club is about as explicit a contravention of Fifa rules as there can be. This jeopardises the places of Scottish clubs in next season’s European competitions and could lead to the Scotland national team being banned from the World Cup qualifying group, due to start later this year.
It is the SFA’s job to insist that all state intervention in football stops immediately. I urge you to write to the SFA chief executive, Stewart Regan, stewart.regan@scottishfa.co.uk
Celtic have an excellent chance of Champions League football next season and we don’t want politicians of any colour getting Scottish teams banned from international competition. The silence of the SFA on the subject, despite extensive media coverage, is very disconcerting.
It’s time for you to play your part in these important times.
Fancy writing something for CQN Magazine? Drop me an email and let me know what you would like to write about before you get started, just in case someone else has the same angle covered: celticquicknews@gmail.com.
There was some incredible late night action on the eBay action for the signed Celtic top in aid of the Vanessa Riddle Appeal. I’m stunned, check out the link below. You are pushing the reputation of supporters of Celtic Football Club ever higher.
Bid and help send Vanessa for the treatment she needs by clicking here. Only one day left.
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knew it mijmit the gay boy and best friends with the midfield maestro who likes to tackle from behind.
Aprils … @ 15.33
Just what is it with the TFOD and tax scamming.
I have no clue what an EIS / Enterprise Investment Scheme is but why should it involve tax reliefs. This is the big scandal regarding the TFOD and the fast buck merchants they work with – everything is based around tax shelters / tax avoidance and stiffing the ordinary tax payer.
Regards Cousin
Surely an Administrator would not be adding an extra £30k a month on to a clubs wage bill when more than likely quite a number of players will be laid off in a week or so’s time?
Would that not give rise to some sort of legal challenge from any of the players whose contracts are cancelled?
Mort
???? AVB ????
HAil Hail
THE EXILED TIM says:
17 February, 2012 at 15:38
I posted this earlier
Re the huns
Royal Mail owed £3k and not uplifting mail.
Shell declining company fuel cards!
Not much but significant
…………………………………………………………………………………………………………………….
Your right m8, it’s significant alright and, you know what…..
it will probably only be reported on the ghood ole CQN by, your ghoodself!
swept under the same carpet as, Manchester/Barcelona-twice/ etc…
Hail! Hail!
kitalba For just the reason you have stated HMRC will not go easy on Rangers as the clubs in the EPL have massive debts and could be next in a Domino effect Portsmouth have gone into administration today.The HMRC wont make special cases.H.H.
Sorry… 2.8 billion, forgot to add todays interest.
Anyone car to make a guesstimate on how many huns will be at trulybrokes tomorrow ?
I go for 24K
Ten Men Won The League – Never mind the players, I imagine the creditors will be every interested as to why they seem so keen to add to the wage bill as opposed to doing the opposite
ach well – horse gubbed- shopping time
TET
be stretching it further than allys waistband to call cousin a player tho
Just seen the Headline, ‘We must repay the Fans’, Rangers Official site, On NewsNow.
I thought they’d found either A,the warchest. B,the ticketus dough. C,a team!
Turns out it was none of these just McMoist Bu**shi**ing again.
Awe_Naw at 15:43
Read it on Twitter so might not be 100% true.
Mort
Thats kept wee billy bruce occupied for some time.Could someone else take over before he starts blethering his earlier crap.Then again it might be a better idea to ignore the halfwit.
sighed
miJmiT
twists n turns says:
17 February, 2012 at 15:45
send the au pair
Cousin’s won’t play, there’s no pies, big pies, not even a boiled egg sandwich, not even a quartered orange for half-time.
KevJungle
Manchester….Where the feck did all they Chelsea fans come from ?
Death is too good for them, I would settle for a slow lingering death mind you, the more painfull the better.
Gordon_J
Indeed
That look like a template for business in Whyteys world :)
I must make a confession: I am addicted to schandenfreude. It gets you high. Starting to feel like bad Catholic- is too much joy a sin?
KevJungle -“…no seats in the Jungle…” says:
17 February, 2012 at 15:44
All large organisations will now demand cash up front, only the nut jobs run by Dignity fans will do anything without seeing the green folding stuff first.
It has started!!
Gonna somebody just give him his goat back and he’ll be on his way.
Awe_Naw
There will be a full house.
……………………………
Che
:>))))
Rogue Leader
I can see HMRC being back in court next week regards the appointed administrators
it would be better if we all showed some respect mijmit, all I am saying is it would be better if you all supported the team instead of Gloating with hatred at someone elses misfortune, but then again, you cant teach physics to a dog.
Now that the Motherwell born fraudster has bolted will one Gordon Duffield Smith fulfill
his life time ambition of being Chairman of Rangers FC (in administration)
Mort
Re AVB, not on their site or Sky?
Brucey bhoy, where do you suggest meeting, Clubdeck?
Eldiegobhoy
A very happy Birthday to you today mate.
Hail Hail
I,ve thought about it I,am going to ignore wee billy bruce and maybe he,ll take his afternoon nap.
Just in:-
Octopus Investments would like to clarify the position of Ticketus with regard to the current Glasgow Rangers coverage. Ticketus is one of the many entities into which Octopus Protected EIS invests. Ticketus has purchased tickets for Glasgow Rangers games for a number of seasons in advance, as it has done for a number of years previously with the club. Ticketus does not lend money; Ticketus is the owner of assets – the tickets. Octopus is continuing to work with the administrators and Glasgow Rangers on this matter.
It is very important to note that Octopus Protected EIS has been designed with capital preservation in mind. Our Specialist Finance team, who manage the money on behalf of your clients, structure every investment with this objective as the key priority. Businesses are selected because of the relative predictability of revenue streams and appropriate security being available, and then the deals are designed to reduce the impact of risks to the capital preservation mandate.
Extensive due diligence is performed on counterparties in every deal, and numerous potential scenarios are modelled and prepared for in the way the deal is structured. Where appropriate, additional protection is provided through extensive contractual obligations placed on counterparties and in some cases third parties. But it should also be said that no trading activity is 100% risk-free and, whilst Octopus Protected EIS targets capital preservation, it cannot, and does not, guarantee it.
Octopus manages over £300 million on behalf of clients in Enterprise Investment Schemes, and we remain confident in the product, our approach to investment, and the ticketing model. The first three tranches of the product have matured and delivered what we said they would – EIS tax reliefs and capital preservation.
We hope that this information is useful to you and your clients, and that you remain a strong Octopus supporter. As and when it is appropriate to provide an update, we can assure you we will.
Best regards
The Octopus Team
A bit of advice to the person who is kidding on they are bruce the hun
Think you are going a wee bit over the top by making him sound as daft
Think we can agree that they are not top IQ candidates but surely they cant be that bad
I love you bruce
midfield maestro at 15:52
Saw it a couple of times on twitter but appears to have been a hoax.
Mort
“misfortune” bruce? try “financial doping” and if you like “cheating”; far more apt words for your clubs situation!
ta ta now, enjoy division 3! :)
Eldiegobhoy
Thank your lucky stars you aint going to share the same birthday as the newco huns (soon to be in administration).
you are an underdeveloped human midfield maestro who loves to tackle from behind. it is not a conspiracy as I have been well informed from people who know you very well. you apparently hoop it up like a puppy.
THE EXILED TIM says:
17 February, 2012 at 15:49
……………………………………………………………………………………………………………………….
Wouldn’t just be one of Timdoms, collective wet-dreams if….
the HMRC team were made-up of Mancunians ?
Off to change my boxers CSC
Ten Men Won The League says:
17 February, 2012 at 15:29
>> ” I am a businessman with experience in turning round companies in distress”.
that has to have been aa typo. It should have read: ” I am a businessman with experience in turning round companies inTO distress”.
Rep Scotland rushing on a poss story – can there be any more???
So Portsmouth owe HMRC £1.7m plus between £4m and £7m from previous regime.
Just shows how good CW is if he can rack up £9m in just 9 months.
Mort