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Dunfermline statement on Rangers

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This evening’s announcement by Dunfermline Athletic that they no longer expect to receive timely receipt of the £80,000 ticket money Rangers FC PLC (in administration) owe them will heighten concerns at Inverness Caledonian Thistle, who have a stock at tickets with Rangers right now, money for which will be received by the administrators in advance of their game later this month.

The administrators have yet to decide whether to retain high-earning players or make more funds available for existing creditors, and future creditors, like Inverness.  As ticket sales for the Inverness game are on-going, the administrators will need to be aware of their legal position before retaining a premium squad.

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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1,133 Comments

  1. Remember this cracker from the League Cup Final? “Justice Secretary Kenny MacAskill said the game had been a “great advert for Scottish football”. (BBC website)

     

     

    Since all these politicians are commenting on the St Valentine’s Day Massacre, I wonder what Kenny thinks about our international image at the moment.

     

     

    A wee aside. My sister was in a supermarket yesterday when a fatty wearing a blue Big Hoose top waddled up to the cash desk with a box of chocolates and card for his beloved. “Nice to see you celebrating St. Valentine’s Day,” she said. “do you know the story of hos martyrdom?” when she explained what all that meant, she laughed at his dilemma… Should he let down his wife or celebrate a Catholic saint’s memory? He was, she said, really perplexed. Hope he enjoyed the chockies…

  2. Kittoch says:

     

    15 February, 2012 at 19:32

     

    Duff and Duffer

     

     

    “We can guarantee Rangers will survive”

     

     

    But they did not qualify their assurance. My question would be right back at them, in what form?

     

     

    Additionally they did not say they would not go into liquidation

     

     

    sparkleghirl says:

     

    15 February, 2012 at 19:39

     

     

    In submissions made to the Court of Session the issue of their involvement in the takeover was put across.

     

     

    Keep the Faith!

     

     

    Hail Hail!

  3. vale bhoy

     

     

    I’m only going by what I’ve read on this blog. It’s been said that he’s a ‘right good Tim’

  4. The Ghood will prevail on

    And so ends another enjoyable phone-in.

     

    Well done all the celtic fans who called in and made it crystal clear that:

     

    1. This is rankers’ fault

     

    2. They are going to have to take their medicine.

     

    I know he wasn’t on tonight, but as we all know a few days/weeks ago Keevins started talking about letting a newco straight into spl. I believe his position has now weakened. He’s starting to stutter and lash out at callers, calling them liars or haters, usually after the caller has been cut off.

     

    He’s losing it. They are losing the argument. We are too well organised for them, we are too well informed for them thanks to Paul, Phil, RTC and many others. This isn’t the 90s any more; our club is too strong, too many articulate people are in our camp.

     

    The hun support, by habitually sitting idly back in their priveleged position as the establishment club and letting other, higher up members of ra peepil take care of things, have sleep-walked into this (whereas 20 years ago we had to work damn hard to ensure our club’s survival).

     

    Now they have woken up and they suddenly realise that the nightmare is in fact a reality,

     

    And it’s far, far, far too late to protest.

  5. up_over_goal, my last information was that it is a board decision, but I’m far from sure the path is clear for a Newco.

     

     

    Spearman, when you’re liquidated, outstanding debts die with you.

     

     

    TheCelticOne, chill. D&P cannot decide anything without creditor agreement.

     

     

    Kojo, Vagabond hearts, every one of them.

     

     

    Nakagod, I’ve been a creditor on many occasions when an administrator has been appointed. Some weeks later you get a letter detailing all creditors, with the amounts due. As a creditor, you then get to know how much influence you have, so every creditor will know everyone else. As such, I reckon there will be a comprehensive list online soon.

     

     

    JohnBhoy, dreadful.

     

     

    SFTB, that’ll be you, me and Paul Murray all of undisclosed wealth.

     

     

    miki67, deleted. Language.

     

     

    stevebhoy, wise words.

     

     

    Dubaibhoy, I’m thinking of how to address that question. Might try tomorrow, depending on other news.

     

     

    LondonCalling, you’ve been shared.

     

     

    oldtim67, I think you are correct. When we know for sure is that the Scottish media will be financially worse off without Rangers.

     

     

    sparkleghirl, HMRC would need to find just cause to object. A prior relationship is not enough. Grier’s comments about an agreement with HMRC might be.

  6. Thanks lennybhoy. I wonder why on earth they accepted it under those circumstances unless they feel sureiot will make no difference.

  7. sparkleghirl

     

     

    I don’t see that it matters a great deal to the HMRC, as they still hold ALL the aces. The admin team will make an offer. Say 20p in the £. Given the HMRC willingness to accept the admin team offered by Whyte, my feeling is that it is quite simple – the HMRC already have an entrenched position established. TH WANT IT ALL BACK – NO DEALS!!

  8. Greenwells Glory on

    Hi Ghuys, Salve salve;- Been away for a while, anything interesting been happening?

     

    Fnarr fnarr. Was in town when it all kicked off and yesterday, I was reading my friends copy of the Herald where my interest was taken by one hack’s report in which he states (and this is as close as I can remember but is pretty accurate nonetheless)

     

    As news of the days events began to filter out the main entrance, the crowd began to thicken…. wtf laugh? I nearly paid my taxes.

     

    I don’t hate anybody but I am finding the discomfiture of our southside friends agonisingly hilarious.

     

    Greenwells

     

    Pacta Sunt Servanda

  9. Paul67

     

     

    cheers

     

     

    I know nothing of this, dont have time to look into it.

     

     

    Hence why the Hub only uses it as a tool to wind them up and not to inform lol.

     

     

    Keep up the good work

     

     

    Hail Hail

  10. Silver City Neil Lennon on

    sparkleghirl says:

     

    15 February, 2012 at 19:57

     

    David Grier’s involvement with Rangers and the administrators was public knowledge within hours of Rangers original attempt of going into administration on their own terms. I think it came up on Phil McG’s blog. HMRC may not have known and it might make a difference but don’t count on it.

  11. niar not far says:

     

    15 February, 2012 at 20:03

     

     

    KP Boateng gets a lot of mentions for the FIFA Ultimate team of the week regularly.

     

     

    Impressed with AC Milan so far.

  12. Neil Lennon says NO to BESNA!! on

    I take it we wont see P McBride back on regarding the death of the hun, they don’t like the truth.

     

     

    All these people wanting to save der hun….

     

    Why dont they send for the Loan Ranger and he could bring Silver with him……

     

    Aye that will be Tonto!!…..

  13. The Battered Bunnet on

    I think the situation at Rangers is irretrievable.

     

     

    I think anyone who is briefed on it knows this to be true.

     

     

    I think the comments today from the various Scottish Political Personalities represent little more than sound bite politicking.

     

     

    Alex Salmond, Margaret Curran, John McFall and the rest know that the goose is cooked.

     

     

    They can say anything they like.

     

     

    They know it doesn’t make a damned bit of difference to Rangers’ fate, but hey, there might be the odd vote in it.

     

     

    Get used to it.

     

     

    TBB

  14. Italiabhoy

     

     

    I was only going on what I’d read on here I have no personal knowledge of Daly’s preferred team.

  15. SonsOfErin says:

     

    15 February, 2012 at 19:44

     

    Am I hearing that right, Salmond wants HMRC to offer rangers a repayment plan over a reasonable period of time?

     

     

    The EBT bill is their tax built up over a 10-15 year period, wasn’t that a reasonable period of time?

     

     

    =============

     

    So Salmond is suggesting that if you deliberately don’t pay millions in tax or VAT for 9 months, and evade huge amounts over 12 years that you should be given time to pay….and you only pay a % of what you owe in the first place

     

     

    yet…

     

     

    everyone else has to pay their bills bang on time or HMRC will bankrupt you are put your business into liquidation

     

     

    Really ?

     

     

    Whats Celtics annual VAT Bill…….£10,500,000 collected on behalf of HMRC….lets call that £5, million and we can pay it up over 10 years

     

     

    Whats Celtics PAYE bill…..£13.6 million……well lets just call that £7 million and we can also pay that up over 10 years

     

     

    Celtics Employees National Insurance Bill…..£4.35 million….ok lets “Salmondise ” and call it a round £2 million and we “promise to pay it over 10 years

     

     

    Thats a nice little annual saving of nearly £14.5 million….and a lovely little cash-flow boost of a further £13 million……..luvvly jubbly and all thanks to wee fat eck

     

     

    what should we do with this windfall…..well lets see if Denmark has any more Laudrup Brothers, Has Gazzq a wee cousin, and maybe Gio Van Bronk has a nephew who shares his uncles football ability and desire to pull on the hoops

     

     

    that’l be Ok won’t it….I mean the first minister is telling us that , and who are we to argue !!

  16. Sandman Is Neil Lennon on

    BEYOND SCHADENFREUDE

     

     

     

    Is everyone settled? Is the blog now stable?

     

     

    Good lookin’ wimmin and Paul’s new articles – so many, so little time; to read/ahem…

     

     

    18 years ago TODAY you, sir – dear reader and fellow Tim, were lost in a wilderness of pain.

     

     

    Celtic were being piloted over the edge of the horizon to oblivion the lame Captain Kelly and his failship crew. The Huns were managing their peculiarily Hunnic emotional hybrid of merry and bitter at the same time.

     

    We were pilloried, beaten, beyond even clutching at straws until the wee bloke in the bunnet hauled the scuttled vessel back

     

    from the drop and chartered a course for new fantastical shores. We arrived there in Seville ’03, tasting the impossible via a

     

    decade of recovery.

     

     

    BUT, when we were on the canvas the despicable Huns mocked and spat and their straw man of a chairman even helped count us out, casting his immortal lines to the lapdog hordes of vacuous media trolls.

     

     

    And here we are today. Every time I go round to the main doors of paradise, like Saturday just past, the strongest memories are of being stood in the steady drizzle of a Saturday afternoon sometime February ’94, mood as grim as the leaden skies while the Celts For Change staged a peaceful protest.

     

     

    I’d like to think everyone there that day, and everyone else whose sentiments were with the desire for epoch-making renewal of Celtic is marvelling as I do at the fall of the evil empire across the city. The flagship for loyalist bigotry in this country has run aground, its pirated riches finally busting the hull and scattering the rats who gnawed it rotten running for cover.

     

     

    Schadenfreude is too light a term for what I have experienced theses past two days. I am MARINATING in their misery. My face aches from the rictus smile which has afflicted me (I’m considering calling ‘Injury Lawyers For You’ and staking a claim agianst the Hun). A lifetime of questioning their mentality, their illogical will to power , their sheer HATE for anything not them – has come to fruition.

     

     

    My television screen is full of glazed, wandering, blubbering (and blubbery – Dingwall) and defeated orcs. Nowhere to take their ‘famulies’ as Peter Stringfellow’s hun replicant choked into camera yesterday; remember – the family that hates together, mates together as generations of orcs prove…

     

     

    My radio stations are full of plaintive orcs, both pundits and punters, indulging in pop-reverse psychology not out of place in Take a Break magazine or Loose Women; ergo apparently we NEED the huns or else, etc, etc; note the agressive manner in which many of these dire maxims are delivered – the classic Hun methodology of plea by intimidation. They have not the wit nor wherewithall – CERTAINLY not the humility – to engage in debate or even ask politely for mercy. That mythical ‘protestant superiority’ ideology still hanging its stink around their embattled psyches; it will, with luck, strangle the life from their broken body politic.

     

     

    My streets are full of grim-set head-shaking Huns, beady eyes cast for smirking Tims to growl at; for today is the hour of Hun apocalypse, and they never mentioned anyone chortling around the wasteland of shattered dreams wearing big sh*t-eating grins a mile wide in the protestant reformation bible…

     

     

    And so, we are in a land beyond Schadenfreude, where the dark side of the force is almost never more and definitely no longer a force no matter how their nightmare plays out.

     

     

    To both ground all my fellow Tims AND reinforce this existential sense of awe you surely must share with me, I offer the following as both once-upon-a-time rueful fantasy AND current matter of FACT:

     

     

    Today, right now there is a fantastical truth upon us; 18 years ago who would have believed that, under the bleak shadow of Hun domination, of Murray’s bile and the orcs vilification, the time they invented the derisory term ‘beggars’, that one day – THIS DAY – every single one of us – EVERY SINGLE ONE – no matter how ‘skint’ you are, no matter your employment status, no matter your age nor wealth nor poverty: Every single Tim walking this earth is INDIVIDUALLY richer than that great bloated carcas of a dinosaur that is Glasgow Rangers Fc.

     

     

    The universe does do irony after all.

  17. Paul67 says:

     

    15 February, 2012 at 20:03

     

     

    ‘sparkleghirl, HMRC would need to find just cause to object. A prior relationship is not enough. Grier’s comments about an agreement with HMRC might be.’

     

     

     

    It’s a strange one.

     

     

    Whyte reaches a time to pay agreement with HMRC which relates to a company he hasn’t yet bought, when that company itself is disputing the bill, and the SPA stipulates he’ll have no part in dealing with.

  18. The Blogger Formerly Known As GM on

    As someone aptly wrote earlier “prepare to be disgusted”. How right they were. However, are we really surprised?

     

     

    I think we need to be clear about what it is we want and what would be a satisfactory outcome. Personally I would like to see them eviscerated. Gone. Wiped out and never seen again. However, I think we need to be realistic and accept that is not going to happen.

     

     

    Indeed, whilst we all appear to be clamouring for liquidation, I’m not sure that’s the best outcome: creditors get nothing and a consortium of orcs buy the fixed assets for £25m and start again debt free. Sure it would be fun watching them play Brechin and Alloa for a few seasons, but they would be back in the SPL before long.

     

     

    I’m with ontheoneroad. Let them come to some sort of arrangement that bleds them dry each year – a 15 point penalty for the next 5 years; £5m per year paid to the tax man; any money made from Europe to be handed over to creditors plus 50% of any profits. Keep them on life support in perpetuity.

     

     

    I fear we’ll all cheer heartily when the news of liquidation comes, but for the good of everyone (except Ranjurs) we should play the long game.

  19. Thanks to twists n turns & SilverCity NL

     

     

    “THEY WANT IT ALL BACK – NO DEALS!!”

     

     

    And as I understand it they would need agreement for 75% of debt to do a deal, so as long as tax debt is more than 25% of today 8and surely to God that’s the case) then it matters not a jot what anyone else agrees to.

  20. from FF

     

     

    __________________

     

     

    Meeting with administrators tonight

     

    Just received this from my area delegate.

     

     

     

     

    Representatives from the Rangers Supporters Assembly took part in a telephone conference call with one of the administrators, Paul Clark of Duff and Phelps, this evening.

     

     

    Paul reaffirmed the key messages in their statement issued earlier today and the key points that were clarified in our discussions were:

     

     

    -Saturday’s match will go ahead

     

    -Season tickets will remain valid for the remaining home matches

     

    -Tickets purchased for Inverness next weekend will be valid

     

    -Constructive meetings have been held with key stakeholders – HMRC, SFA, Police, Auditors – and these will continue

     

    -Unlikely there will be audited accounts or an AGM, however, all the financial affairs will be fully examined

     

    -Strong assurance that the Club will emerge from administration and liquidation is extremely remote

     

    -Paul was not yet in a position to determine how long the period of administration may last but stated that he saw the administration as temporary.

  21. BloggerfkasGM…

     

     

    HMRC cannot allow a situation like that to be agreed surely? It’s an open invite to businesses to evade tax knowing they will probably get off with it…

  22. hamiltontim

     

     

    I do not doubt you for an instance. Maybe just his employer’s stance coming though. You know it’s always, “Sir David this and Sir David that.”

     

     

    Wonder if the bBC will ever go after Murray the way they’ve attacked our hero?

  23. twists n turns

     

     

    is 11/4 a good thing? sorry, im a saddo, i know more about venus flytraps than i do about betting :)

  24. newradbhoy with the kano 1000 on

    i wonder if ibrox is so full of asbestos, that the plan all along is

     

    to get rid of it (by way of owed debt).

     

    Then someone else will have to pay for the clean up costs.

     

    They start up as a new co .

     

    Wonder if they have aproached queens park rangers, ala airdrie and cydebank ?

     

    after all it still has a ranger in it. (and they have a ground).

     

    just sayin likes.

  25. Paul67 (sorry missed it earlier) and earnie – thanks both

     

     

    sparkleghirl, HMRC would need to find just cause to object. A prior relationship is not enough. Grier’s comments about an agreement with HMRC might be.

     

     

    Yes, that is staggering. However as has been pointed out, if HMRC want it all back, there’s probably toom for maneouvre