I took and made a few calls after the BBC broke the news about Rangers liquidation. So much to discuss, so many possibilities and so much uncertainty remains. Rangers are gone and whatever you think or hear about a Newco, it will be a shadow of the club Rangers were in the early 80s, never mind today. But still, we have plenty to focus on as we prepare for the enormous events that lie ahead.
I then took a call from my Dad who told me to forget about tomorrow. “This day is about history, about all the events over all the years”. How true.
My friends in Celtic, tonight raise a glass to Celtic fans past, who never lived to see how this Battle of the Ages ended, celebrate for each of them. Celebrate all of those league titles and cups you were denied which were ‘won’ illegally by Rangers over the last 14 years. Celebrate for every hard working man and woman in the country who pays their tax every month, no matter the hardship. This is a victory for all of us. LLLLLLLLLLLiquidation Day is here!
We’ll worry about how other clubs plan to get their hands on your money tomorrow.
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Very pleased about the liquidation – it was only yesterday or the day before that I read on here that the Express was reporting a deal had been done with HMRC. Do you know, I think there are people writing for thenewspapers who make things up!
As for the sharing of gate money – good! The SPL is the league we’re in and it’s in our interests that it’s competitive and less dependent on Sky or ESPN. The move to 100 per cent of gate money at the time of the foundation of the SPL has been an unmitigated disaster.
This blog deserves a lot of credit for patiently explaining the finances of football to its readership, and I applaud Paul for it. I’ve been reading it for many years, and I’ve learned a lot.
However, the following is not the most straightforward remark Paul has published:
Por Cierto, we can only resign if we have something in place. We have nothing in place but this is a moving target at the moment. Today’s news will break some ice and perhaps create an opening.
There ain’t no opening. There is no prospect whatsoever of our club playing anywhere but in Scotland. The people who run the club now have been excellent in their business and management activities, but their futile and insulting campaign to move the club to England has damaged Celtic and the game in Scotland. It is disappointing that these fantasies are still being promoted.
And the moving target? That’s it right over there, running away as fast as it can go, jinking and sprinting on its way to a deep, reinforced bunker a long, long way away.
Partick Thistle promoted to “the old firm”
Just back from Glasgow Green. George Parsonage coming out of retirement and is sitting in his new boat all geared up for the expected activity.
Stupid ex huns
brimmer
Sorry for repost but today is a great day indeed;
Do not stand at Ibrox and weep,
I am not there, I do not sleep.
I am the stench that fills the air,
the rancid smell of disrepair,
I am the pish that stains your brogues,
when the pub urinal overflows,
I am the mood of dread and fear,
which you instilled when full of beer,
I am the darkest time of night,
the haunting hour, a time of plight,
do not stand at Ibrox and cry,
for Timmy’s watching – and his smile is wry.
GIRUY.
Paul,
Couldn’t agree more with your dad.
Let’s enjoy today for what it has brought.
Hail Hail to those passed on and those present to enjoy the day.
Raising a nice wee drop of Lagavulin here in NZ, cheers to all Tims all over the world to a day i never thought i would see, and i watched Celtic being robbed ever since my first game in 1960. It is a great day.
I only have one concern today.
There is no icecream in the freezer, no Cava in the fridge and I have a limited amount of time to get from work to home before the Greece game kicks off.
And gentlemen in England now abed
Will think themselves accursed they were not here
And hold their manhoods cheap whiles any speaks
That fought with us upon LIQUIDATION day.
Over in Santa Ponsa and just heard from a happy Irishman about them. It has just made my holiday even better.
HH
Mick
RogueLeader, maybe after a few glasses.
The Idiot, fantastic day indeed.
voguepunter, indeed.
b2k, aye.
ASonOfDan, well said.
Sheik Yerbouti, :-)
bournesouprecipe, you’ve been shared.
Big Swee, aye.
LLLLLLLiquidation Day here in the Chilterns…
Stand up for the Champions.
Wife just text as going to shops later. Anything you want brought in?
She is rather confused with the order of a case of beer and some Jelly & ice cream. :0)
Ole Kate Aidie told to head for Govan?
(We) Don’t walk away…..
http://www.youtube.com/watch?v=tPqPB3Qnaes
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS – No put-down intended, I’m sure you’re not one of those people attacking shops due to their misunderstanding of tax law and outrage at government cuts that haven’t happened yet.
If the tax rules are so inordinately lax that HMRC genuinely do not know for sure that they have a case,and companies are encouraged by this to set up departments with the express intention of finding new means in which to evade tax,why are they asking for a judge to decide?
UK tax legislation is hideously complex. This is clearly not in the interests of taxpayers or consumers, because it means a lot of economic activity – billions of pounds spent by companies and the public sector that could be better spent on other things – is taken up with tax compliance.
Unfortunately taxpayers and consumers are the little guys. The big guys, the legal and accountancy professions, the civil service, and politically well connected big multinational companies, have every incentive to keep the system as complex as possible.
Complexity enriches City lawyers and big accountancy firms, it creates tens of thousands of jobs in the civil service that otherwise wouldn’t need to exist, and it grants a competitive advantage to big well-established companies who can easily afford the burden of compliance over smaller competitors and potential new entrants to the market.
Our politicians are disproportionately drawn from backgrounds in law and/or the public sector, so they instinctively favour more regulation and legislation rather than less. (thumbsup)
JELLY & ICE CREAM!!!!
HH
/Bishop B
Breaking the server when Rangers Die
Breaking the server when Rangers Die
Breaking the server when Rangers Die
They are no even Ragers till July.
Undo any dealings…
HMRC, which holds more than 25% of the debt, has effectively blocked this by indicating its intention to vote against a CVA, meaning the club will now be liquidated.
Once the voting formalities are over, the tax authority will appoint joint liquidators from BDO to wind up the 140-year-old football club.
The liquidator has powers to examine the governance and administration of the club before its insolvency and report on any issues he feels should be raised with creditors.
Among these powers, include the right to apply for a court order to examine, under oath, people involved with the company.
The liquidator can also sell the assets and the business to pay off the debts and undo any dealings or trading which he deems to be void
No to new-club
For my Granda, my da and my uncles who aren’t with us I’ll raise a glass in celebration and in memory of you tonight.
Thank God you were who you were!
Hail Hail
Put this on the live hun crisis on bbc :)
Patrick: “Why should Rangers be allowed to waltz right back into the SPL after a decade of cheating? New company new team apply to Third Division.”
http://www.bbc.co.uk/sport/0/football/18410999
Any crying bears in workplaces or at Ibrox yet?!
HH
i expect very soon celtic to speak once its official that they are no more
May I be the first in congratulating Dundee FC on their promotion to the SPL…
Corker of a blog from Alex Thomson on its way
Paul
Do you think a minutes silence or a minutes applause is more appropriate?
“Ragers are lucky they have a Sugar Daddy like David Murray”
Hugh Keevins CSC
Peter Cushing on his way to Ibrox carrying a hammer and stake in a suitcase.
‘Not only that, today’s the day the taxman in the shape of HMRC said not only will he not be walking away from Rangers but that they, the HMRC ‘are the people’
just happy
BBC live feed:
Mike in Belfast is clearly at it in the second part of his text: “Surely the assets must go on the open market to realise as much money for creditors as possible? If Celtic bought Ibrox would the newco rent it off them? We could do a deal on future season ticket sales.”
Fraser Wishart in November 2011 stating there were no financial problems at , and it was standard practice to pay bills late.
Timing CSC
I prefer the four horsemen of the apocalypse to the ole Olymplic torch.
I would say RIP RFC…
… but there are many things I would like them to rest in and none of them is Peace…
Tell all the Huns you know
H.M.R.C. have just said NO
Their clubs in the grave
It will never be saved and the Jelly and Ice-Cream’s on show
LMFAO
HH
/Bishop B
Paul67
Vindication Day in spades eh?
So the Big Tax Case became a means to an end and not an end in itself (in terms of terminal impact on Rangers). The problem always was spending beyond their means and using taxpayers money was the final straw.
What guarantees can a Newco give the football authorities that by the time the season starts they will be able to meet the licencing criteria in all its aspects ground, development, financial etc?
If it is an SPL entry that is attempted then can a Newco pass the UEFA FFP criteria to get an SPL license? (They cannot)
So how can a Newco apply to join the SPL without being able to give the very assurances the club licensing process is designed to provide?
If the SFA cannot provide a licence can the SPL ignore that fact and take the risk that a Newco will see out a season? What are the Newcos projections on wage bill and income? Will they stand up to scrutiny?
Is a National Club Licencing an easier route to join the SFL?
Its up to the SFA and Mr Regan now. He has been asked by the CST but fudged the answer.
http://www.celtictrust.net/?func=d_home_article&id=375
The more I see Aye Broke on the telly the more it looks like a badly built red brick shithouse with scaffolding on top.