The very last thing anyone connected with Rangers wanted to read this morning is that Andrew Ellis, Craig Whyte’s former associate, is suing the Rangers owner for 24.9% of the club’s shares. This puts a further legal impediment in the way of any potential transfer of shares or stadium assets from Whyte to a new party. It remains to be seen if Ellis is in a position to legally enforce his claim however the veracity of his claim may be moot.
Prospective Rangers buyers do not have time to spend in court hearings and appeals before the start of the new season. If a phoenix (or even a CVA) is to be put in place it is likely that those with a claim, any claim, will need to be satisfied.
This development comes a week after Whyte transferred the security over Ibrox he holds through Rangers FC Group Ltd to Liberty Corporate Ltd.
Legal issues over ownership of shares and assets aside, Rangers’ administrators still have to deal with creditors, in particular, HMRC, who will soon learn if their tax demand against the club has been upheld by the First Tier Tribunal, and Ticketus. Duff and Phelps were denied the right to set aside the deal which Ticketus struck with Rangers to buy thousands of seasons tickets, leaving a path open for Ticketus to present a legal challenge to any deal which does not recognise their interests.
Chances of an early exit from administration appear to be diminishing by the day. Motherwell were in administration for four days short of two years between April 2002 and April 2004. If Rangers are not out of administration on the morning the new season kicks off they would start on minus 10 points.
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Sone Aluko has taken a 75% cut in wages. He`s saved himself a fortune.
roccobhoy on 10 April, 2012 at 15:29 said:
Could you post exactly what he said.
Breeny
Stop ignoring Declan that is just not on and pure ignornat by the way, as the man himself would say.
Declan my man, surely you seen the steamy windows and painting scene in Titanic.
The 3 legged dug was called Doddsy. Did I just offend ugly people there?
Neil Canamakr @12.40
I’m just on so did you get an answer to your point that The Duffers at RFCiA seemed on Friday to be admitting that they were keeping the club trading though they were actually insolvent?
ernie lynch,
Give me two mins.
Hail Hail
Roccobhoy
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 10 April, 2012 at 15:18
If that were true, there would be no hawks.
ernie
the suggestion was in reply to the “joke” (and ill stand corrected)
“Brilliant, the only problem is, the ones who built it didn’t sail on it.”
Offensive?
To me it was, to others perhaps not,
Declan and iki, thank you I really do appreciate the fact that someone is reading my posts, thanks again, it just helps one to feel part of it plus I really would like some responses to the questions I raised as it all doesn’t make sense to me.
So the hun are indeed given carte blanch to behave in any illegal way they want, when invited to Celtic park by the board ?
without repecussion, and the support believe the board are looking out for our interests.
The myth about covering the damages for visits was encouraged for a long long time.
The shame of the board knows no bounds, vilify the green brigade whilst allowing illegal songs and vandalism. hmmm
O.G sorry mate up golfing lol.
RANGERS TAX CASE VERDICT http://t.co/sc5jmoYa
Decla
just by the way, I wasn’t sure you were responding to me as you have called me Breenjy for the second time.
Here’s one or Philvus to get his chops around,
Skeletor on Wiki : http://en.wikipedia.org/wiki/Skeletor
Everything you ever wanted to know about the evil Hun empire and it’s
Attempts to destroy their archenemy He-Man (Neil Francis Lennon).
‘Muscular Blue Humanoids’…….so fecking apt.
Seems you can make them up!
HH
che 15.34
I think he was suggesting those who made an arse of building it would have had more of an incentive to build it properly had they been made to sail on it first.
My dear,dear,dear,friend..Breeny
Hiya. Pally?
Don’t Despair..
Kojo’s Aware!
Ah am willing tae Correspond wi’ , Anybuddy
Ah hiv nae Pet Peeves.
]
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ANYBUDDY , whit they Should or Write..or ..No Write..
Ah am A Cheeky Son o a Gun.. but, Ah am No
THAT.. Cheeky!
Except,of Course.. Ah dae . Get a Wee Bit Up Het..
When Obscene or Scatalogical Language ..visits This
Sacred Site..
Other than that..
Ah am awe fur . FREEDOM o’ SPEECH..
Fur… when ye get right doon tae it..
A Forum is fur Venting…
Opinions..
O’ Awe Shades.
Right?
Anyway, Kid..
If ye happen evah tae feel like Venting…..
Feel Free tae Contact .. yer Pal..
Kojo
Kojo
Yer pal…who likes ye ,already.
Still. . Laughin’
Breeny on 10 April, 2012 at 15:34 said:
This is from rangerstaxcase.com.
JJ says:
Jim Delahvnt on Clyde at lunch time saying he was just off the phone to Whyte. Most revealing thing for me was Whyte claiming he had offered HMRC £2.5 million a year to pay off the debt “no matter how long it took”. Unsurprisingly, he was told to do one.
I deal with HMRC on behalf of some high net worth clients. It goes against their published policy to do deals with anyone who has indulged in tactics such as failing to remit PAYE or misuse EBTs. Anyone who says different has no experience of real life and taxes.
If HMRC did not follow their own policy, (they will) EVERY other defaulter would simply do the same and the Public Exchequer would suffer to a massive extent. The biggest load of absolute rubbish (and there have been plenty of choices!) was the statementask few weeks ago that the Treasury had “sanctioned” a deal. In the first place, the Treasury cannot interfere in such cases, and in the second place, it is beyond parody that they would OK a penny in the pounds deal when so many other EBT cases are to proceed to a Tribunal.
But then what do I know? Only 20 years with HMRC, a two year secondment to the Treasury, followed by 10 years with one of the largest accountancy firms in the UK.
Breeny
I refuse to discuss Them as a club or their tax case with anyone.
On Celtic matters i’ll be the 1st to reply to you, HH
Ernie Lynch
Joe replied to the following tweet:
” aye, while the Protestants were building the Titanic, the Catholics were building an iceberg.
Joe’s reply:
“Brilliant, the only problem is the ones who built it didn’t sail on it”
Hail Hail
Roccobhoy.
Newco new name…’The Glasgow Skeletors’, Masters of an unknown Universe.
HaHa
jock steins celtic on 10 April, 2012 at 15:37 said:
che 15.34
‘I think he was suggesting those who made an arse of building it would have had more of an incentive to build it properly had they been made to sail on it first.’
During WW2 it was standard practice for a member of aircraft maintenance crews to be picked at random to go on the test flights of the planes they had been working on.
Out of contract in the summer – Cha, M.Wilson, Loovens, Majstorovic, Cervi, Blackman. Keep Blackman let the rest leave.
Currently out on loan – Murphy, Towell, O’Dea, Thompson, Toshney, Keatings, McGinn. Keatings/Toshney to return (or possibly go out on loan again next season) release the others.
Current loanees – Brozek, Forster. Forster will be offered a deal, I suspect Brozek won’t.
That’s 11 names which could be removed from wage bill. Add Juarez, Rasmussen, McCourt and Bangura who are never going to be first team regulars and there’s 15 names which could be removed from the team with little/no impact on the current championship winning squad.
Why is Andrew Ellis suing Craig Whyte for his 25p- has he not been paid back yet?
roccobhoy on 10 April, 2012 at 15:41 said:
I reckon Frank Carson could have got away with that.
Celtic have handed trials to three young Costa Ricans, who are now training with the club.
The Scottish champions confirmed they had the trio in their development squad for the game with Kilmarnock on Tuesday.
Now Coast Rica-based Uruguay de Coronado, who are managed by former Debry star Paulo Wanchope, have revealed it is three of their prospects that are with Celtic.
Forward Alvaro Astua, midfielder Andres Montalvan and Yeikel Medina, a defender, are all with the Bhoys for a 10-day spell.
“Hopefully they will be interested,” Astua told the local press in Costa Rica.
@tommyinglasgow if anyone is interested.
Green Lantern (((((0))))) on 10 April, 2012 at 15:23 said:
They used iron instead of steel rivots by way of cost cutting
The old “It was alright when it left us” argument doesn’t hold water
(Is it ok to say that?)
I was recently debating the old Sky Sports deal in work and my two co-pontificators (one of us and one of them) were both of the opinion that there would be no Sky deal at all without Rangers. I, on the other hand, think that there would still be a deal, albeit on a lesser financial level, on the basis that Sky would rather have some viewers than none at all. I’ve jsut found an interesting document, courtesy of Kilmarnock FC, that tends to back this up – http://www.kilmarnockfc.co.uk/staticFiles/71/72/0,,10291~160369,00.pdf
It shows that in Q3 of last season average SPL viewing figures were double that of La Liga for Sky. And our peak audience is higher than the Ashes was in 2010. Our average is above many of the minority sports they cover.
It would be even if based solely on viewing figures excluding all matches where Rangers were involved.
If the tv deal without Rangers was as much as halved but distributed evenly, I think all clubs outside Celtic would benefit. To me that is the offer we need to make, in order to keep tehm out.
I have had the good fortune to meet Joe O’Rourke while he was over here in Toronto a couple of years ago. I found him to be very pleasant and a great ambassador for Celtic FC. Joe visited our supporters club in Toronto and during the visit advised us of the Walfrid Wells Campaigne, which is one of the initiatives of the CSA. The Toronto # 1 Celtic supporters club have contributed to the funding of several wells being constructed in Africa, so that local people don’t have to walk a full day to get water. Joe does a lot of great work for charities and although he made have made an ill advised comment, he should not be removed from his position for doing so. He’s apologised and that’s good enough for me. How many on here have said something that they later regret? I know i have.
Keep up the good work Joe.
slainte
tony
Rod Stewart may have been thousands of miles away from Rugby Park but he made sure that he didn’t miss out on any of the celebrations to mark Celtic’s title success.
The singer is enjoying a sell-out run of concerts at Caesar’s Palace in Las Vegas but there was no doubting where his heart was at the weekend.
Celtic shirts are a regular feature at his concerts but with Neil Lennon’s side triumphing in the SPL a number of hoops supporters were invited on stage.
Stewart has never hidden his love for Celtic and has been a regular at matches since the early seventies when he became friendly with Jimmy Johnstone, Kenny Dalglish and Dixie Deans.
In 1995 he opened the new North Stand when Celtic hosted Newcastle United and was rewarded with a seat for life in the Directors Box.
EKBhoy,
Did you factor in the monies released by Martin Bain having dropped his court case when you were doing the sums? If not, that gives them a chunk more money.
Summa of Sammi…. take care.
Awe Naw, not sure where you are going with your last comment, or question. Have I overlooked anything or is there a rule that states clubs will be expelled if they do not submit accounts by the previous 31 March?
I have read the Articles many times and I am sure this is not the case. There have also been three clubs in the last 10 years in this situation, none of whom were expelled.
I, and many Celtic fans, have been delighted by the public statements from the club on not being dependent on Rangers. Celtic have no intention of voting a Newco into the SPL, this (if you indulge me) only exists in the realms of one of your persistent fantasises :-)
Get back to me if you find that rule about 31 March.
Ten Men Won The League, I hear you.
Breeny, my apologies if you have not had a response. It is not so much of an ‘old bhoys club’ as new people can create havoc within minutes.
However…. Doing what you just did is a sure way to get into whatever club exists or does not exist. Please oersist.
To answer your question:
Ignore any optimism about avoiding liquidation unless it comes from HMRC, who will decide if a CVA will happen. All other parties would prefer a CVA and so have an incentive to see it happen, HMRC will not be influenced by this.
iki, no idea what the £40k is about.
Torontony
Unusually early for you to be posting ;-) are you well.
Celtic_First
Maybe they were anti Murray hawks rather than anti Rangers hawks and are all Old Firm doves.
It is interesting that precedents have already been set as Paul67 has asserted.
For me that is good enough for Rangers IA not to be singled out. They can point quite rightly to precedent.
I can see Rangers reintroduction via a parachute all going very smoothly internally within Scotland especially as Paul67 has pointed out that our governance is a joke cloaked and couched in ambiguous language that and FRATERNITY would be happy to propagate. Celtic will show discontent in whispers that nobody will hear except for the defiant Celtic fan with the chip on both shoulders. That will bring the defiant mob out who will compensate those that are not interested in Old Firm. Poor wee Celtic canny day A thing in this sh*t ridden corrupt wee country etc.. Those that still believe that deserve WWF football.
What will be interesting though is how will UEFA handle such an outcome. I think that they MAY dispel Scotland from UEFA or they themselves will have to compromise sporting integrity.
Old Firm or Europe and International football….. ask a provincial Scottish football fan that one ?
There are so many devious and lying individuals and organisations at hand that it is impossible to predict. That´s is why we have rules and satuTes
Personally AND I MAY WELL BE WRONG I think it will be the proverbial straw on camels back that breaks the good will of many a customer .. you know the rats and mice that pay the wages ;-)
Hail Hail
Hi,folks-trying to catch up on the blog,as usual.
A fairly fraught few days with a bit of blood-letting after the celebrations have led us back to a sense of normality.
It’s a blog,so disagreement is healthy.
Today has seen some cracking posts,inc the return of DBBIA,and some searing honesty from SUMMA OF SAMMI.
God,I hope he is enjoying the company of his daughter…….
But on the lighte side,post of the day,IMO,has to be the following one
~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~
Stefferano del Bhoyo (but you can call me Neil Lennon) on 10 April, 2012 at 10:28 said:
Hey Willie, if a tree falls down in a forest and you’re not there to see it, do the huns still get a penalty?
~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~
Ach,ye can keep the controversy,I’ll just settle for a giggle over that one!
Ernie Lynch
Aye, agreed, Frank Carson probably would have gotten away with it.
Hail Hail
Roccobhoy
Bobby Russell @ 15.30
Why do you want to meet up?
The Fighting Fund
How is there still money in it if they are bleeding tens of thousands away on a daily basis.
Why has no-one paid the wee News Agent his £500 and is it true the bill was run up by Whyte buying every single issue of The Digger that came in, just in case he was in it…
EmeraldBee..,
nope, not a sausage, doubt I will either, but someone will bring it up over the next couple of weeks and will be answered and commended for asking :o)
I couldnt give a funkeys muck about any acclaim, would just like to know if its true.
The latest from Tomo….
alex thomson @alextomo
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FavoritedFavorite · Close Open Details Don’t forget ” we are open to deals” HMRC. There has to be some kind of deal if you chase money that isn’t there.
6m alex thomson @alextomo
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Point of information – I’m simply checking out information which some are inclined to believe with HMRC.
8m alex thomson @alextomo
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HMRC checked for me: “it’s not kosher – just more speculation”
39m alex thomson @alextomo
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Just for guidance – HMRC calling today’s blog on BTC “deal” – “almost certainly balderdash”