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HMRC v RFC 2012 to hit Supreme Court, Malky and SFA

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The Supreme Court is to hear Oldco Rangers’ appeal against the award given to HMRC over their use of Employee Benefit Trusts on 15 and 16 March 2017. Once this process is over and a conclusion reached, the courts will be finished with the matter.

As you may be aware, Rangers hit financial difficulties and were unable to continue trading. After the end of season 2011-12 they changed their name to RFC 2012 before administrators Duff & Phelps gave permission for Sevco Scotland to use the name Rangers in the context of a football club. While this permission is not unusual, it was denied to Airdrie United, who only recently were able to adopt the name of liquidated Airdrieonians.

RCF 2012 were subsequently put into liquidation. It is liquidators, BDO, who will bring the case to the Supreme Court.

After so many twists and turns on this case, I would caution against getting too far ahead of the action, but should the Supreme Court uphold HMRC’s position, the Lord Nimmo Smith Commission conclusion, that Rangers acted legally in respect of their EBTs, which meant other clubs could have taken the same steps – so no sporting advantage was gained, would be inversed.

I’m predicting Celtic will enjoy Two Generations of Domination, but I’m not predicting what the Court will decide next year.

What about Malky?

Malky MacKay deserved to be sacked for his racist comments but, having followed a course of contrition, he doesn’t deserve to be prevented from working in his industry again. A great many learn tolerance in later life.

What I’m not sure about is his talent as a coach, or anything else connected to the game, for that matter. His shining achievement is the promotion of Cardiff City to the Premier League, but once there he was quickly found out.

When he was sacked by Cardiff I suggested it wouldn’t be the racist issue which would hold him back in football (alas) but his record as a manager. He’s a one hit wonder, which is why he’s pitched up for a development gig at the SFA. An incredibly low-level job for someone who won the England and Wales Championship three years ago, but it’s about as high-profile as Malky could hope for.

News yesterday that Cardiff owner, Vincent Tan (who makes Mike Ashley look ambivalent when slighted) is pursuing Malky and others for £10m connected to the alleged misappropriation of transfer fees asks a bigger question of the SFA. Do they do due diligence on anything?

It’s bad enough having a team member cope with this kind of distraction even before the legal matter is concluded, but if the decision goes in favour of Tan, Malky’s appointment will look irresponsible. At best.

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418 Comments

  1. mike in toronto on

    Beatbhoy …. you’ve lost me with that one… I guess I’m going to have to go and watch the episode to figure it out!

  2. Team for Sat (4-2-3-1)

     

    Gordon

     

    Gamboa Erik Jozo Izzy

     

    Armstrong (Captain)McGregor

     

    Paddy Rogic Sinclair

     

    Griffiths

  3. Mike in Toronto

     

     

    Never a hardship re-watching Seinfeld.

     

     

    Mistaken assumption of a sense of humour by Elaine.

     

     

    No soup for you!!

  4. Dena

     

     

    Your news has just made my dreary Thursday afternoon a whole lot better. Magic! :-))

  5. Good news Dena it,s a great feeling to hear news like that, now you can have a great Xmas Hail Hail Hebcelt

  6. Jmccormick

     

     

    For one glorious week, they were all on YouTube, before it was spotted!

     

     

    The box sets are great. . . .outtakes with Frank Costanza (Jerry Stiller) causing the cast to ‘corpse’ are a big bonus. ( they’re probably on YouTube).

     

     

    ‘The Contest’ is just comic genius.

  7. Hebcelt

     

     

    Dena and her daughter’s great news following your’s is amazing.

     

    The power of CQN Prayer!

  8. beatbhoy on 15th December 2016 5:40 pm

     

     

    The box sets are great. . . .outtakes with Frank Costanza (Jerry Stiller) causing the cast to ‘corpse’ are a big bonus. ( they’re probably on YouTube).

     

     

    ‘The Contest’ is just comic genius.

     

    ———-

     

    Im out

  9. BEATBHOY

     

     

    True, Seinfeld and Larry David keep an iron grip on where and when they can be shown. The Comedy Channel had a one year deal for the entire show about 5 years ago and it was a joy to see it grow.

     

    For me George Constanza is one of the greatest characters ever written, I understand that Larry David wrote it for himself but wouldn’t play the part, inspired decision.

  10. HAMILTONTIM on 15TH DECEMBER 2016 4:47 PM

     

     

    That’s nothing Ally McCoist earned hauf a million quid sitting on a garden chair!

     

    ——————————————————-

     

     

    Must have been a feckin strong chair bud! ;-)))

  11. Dena,

     

     

    Concern for the health of anyone, especially one of our own, is never off-topic here. We all think about/pray for those who are mentioned here in times of ill health or trouble.

     

    Great start to Christmas. Have a wonderful time.

  12. NatKnow on 15th December 2016 5:48 pm

     

     

    HAMILTONTIM on 15TH DECEMBER 2016 4:47 PM

     

     

    That’s nothing Ally McCoist earned hauf a million quid sitting on a garden chair!

     

    ——————————————————-

     

     

    Must have been a feckin strong chair bud! ;-)))

     

     

     

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

     

     

    :))

     

     

     

    Never one to miss out on an exploitation opportunity, the McCoist ‘Fat Gardner’ range of reinforced garden furniture for the well-upholstered will be available from all Dobbies Garden Centres in spring 2017…

     

     

    Or should that read ‘Dobbers”?…

  13. SANDMAN on 15TH DECEMBER 2016 6:00 PM

     

     

    NatKnow on 15th December 2016 5:48 pm

     

     

    HAMILTONTIM on 15TH DECEMBER 2016 4:47 PM

     

     

    That’s nothing Ally McCoist earned hauf a million quid sitting on a garden chair!

     

     

    ——————————————————-

     

     

    Must have been a feckin strong chair bud! ;-)))

     

     

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

     

     

    :))

     

     

    Never one to miss out on an exploitation opportunity, the McCoist ‘Fat Gardner’ range of reinforced garden furniture for the well-upholstered will be available from all Dobbies Garden Centres in spring 2017…

     

     

    Or should that read ‘Dobbers”?…

     

    ———————————————————

     

     

    Gotta be Dobbies – ’cause it rhymes with….? ;-)))

  14. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    KEVINLASVEGAS

     

     

    Just for you,mate…

     

    ……..

     

    A tale of two meetings.

     

     

    Leave a reply

     

     

    I understand that there were two gatherings of the Sevco High Command yesterday.

     

     

    The first one mainly dealt with footballing matters.

     

     

    To that end, I’m told, that the Admirable Warburton was brought in.

     

     

    He was, as usual, excellently prepared to present to the Blue Room chaps.

     

     

    The ex-City trader’s plan for the January window was to bring in up to five players that would augment and improve the squad and enable the Engine Room Subsidiary to kick on in the second half of the season.

     

     

    Sadly, this was shot down rather quickly.

     

     

    The Admirable Warburton was told that any transfer dealings would have to be either wage neutral or, ideally, lower the wage bill.

     

     

    To that end, any player coming would have to mean a player going out.

     

     

    The bottom line is that finances are tight, very tight indeed.

     

     

    The spin to go out from this was that any influx of players might upset the fine balance in this best of the rest ensemble.

     

     

    Of course, should Mr David Cunningham King decide to ‘Over-invest’ then the Admirable Warburton will have whatever it takes.

     

     

    Of course, no matter what austerity measures are required to keep HMS Sevco afloat I’m sure that Lee Wallace will still sit down to a World Class Breakfast at the Captain’s table every morning.

     

     

    I was heartened to hear that Mr Stewart Robertson was there to give wise counsel on the issues around those excellent Lion Brand fellows.

     

     

    Selfless to the end, I do hope that there is some help for those heroes.

     

     

    Dunkirk Spirit and all that.

     

     

    In the second meeting, the issue of the roofs and your own humble correspondent came up.

     

     

    One director asked about the putative plans for the installation of nets in the three stands.

     

     

    It question was put that is this goes ahead then “are you not then proving that man’s point”?

     

     

    Dear reader, I think that I’m the man in question.

     

     

    I’m told that this perfectly sensible interrogative utterance was apparently ignored and the meeting moved on.

     

     

    One chap stated that the Holding Company Vehicle needed “to get ahead of this” apropos the story on the Ibrox roofs.

     

     

    Sadly the PR budget has been gobbled up, and the chaps in the Blue Room had not been expecting this story to break.

     

     

    One thing that the Sevco High Command found most upsetting was the precision of the information contained within my initial story.

     

     

    My understanding is that they had thought that this sensitive data had been secured within a very small group.

     

     

    Ah well…

     

     

    However, I was glad to hear that some directors are starting to have genuine questions apropos the roof issue.

     

     

    One immaculately coiffed factotum did say that they were in discussions with the Chairman on this matter and it was hoped that he would be able to remotely join that gathering tomorrow.

     

     

    As the second conclave broke up, I’m told that three of the directors broke away to have an ad hoc meeting apart from the other directors.

     

     

    Need to know rule and all that.

     

     

    We can’t have information leaking out as that would be bad…

  15. God, that was excruciating to watch the Malky Mackay interview on STV news there just now.

     

    He looks like a dead man walking already and what has this got to do with Hugh Dallas?

     

    This boat won’t float.

  16. In case anyone has forgotten what the Court of Sessions will rule on here is an excellent reminder from The Rangers Tax Case.

     

     

    https://rangerstaxcase.wordpress.com/2015/11/30/the-never-ending-story/

     

     

    This caught my eye.

     

     

    ” Yet there are some in positions of supposed influence at Hampden who seem to be actively trying to recreate this period rather than ensure it can never happen again.”

     

     

    Exactly what steps are being taken to do that?

  17. Whilst it might be 2 more sleeps till we play again it’s only 1 more sleep till the launch of Not Last Man Standing! And, talking of cheese, did you know that in the English Premier League only the top 4 teams are averaging more than 2 goals scored per game. In the Scottish Premiership there’s only 1, with Hearts next best.

     

     

    An easy competition that anyone can join and no-one drops out*? What could be better – tune in on Friday night at 10.00pm……

     

     

    Jobo

     

     

    * – providing no rules are broken and payment is made promptly!!

  18. Big Georges Fan Club - Hail, Hail, Wee Oscar on

    Dena – a big hug to you and your girl from me and Wee BGFC.

     

     

    HH

     

    BGFC

  19. Jmccormick

     

     

    You’re spot on about Costanza. His parents aren’t half bad either, Bro!

     

     

    Or is it Manzier?