How administrators can avoid redundancies short-term

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There have been many questions about the unusual circumstance in football of Rangers going into administration but not making any players redundant.  It is possible, and not totally uncommon, for directors of a company in administration to arbitrarily choose to provide funds from their own resources to pay any chosen creditor, including staff. In football, players’ contracts of employment need to be with the club, but the source of payment can come from anywhere.

In this instance, Rangers Group, the club’s holding company, or any other body or person, could be in sufficient funds to provide the administrators with enough money to not only pay players, but to continue operating in a relatively normal state.  Rangers’ administrators have already suggested Craig Whyte has guaranteed to make-good wages due to be paid this week, although it was not made clear which entity would be paying, or the source of such funds.

Administrators will only be forced into player redundancies if they do not have sufficient funds available to see them through to the timely conclusion of negotiations with creditors, or if they are unable to receive binding undertakings from another source that they will step forward to pay players next month.

Various sources over the weekend suggested HM Revenue and Customs were prepared to extend generous time to pay terms to Rangers.  This club is owned by Craig Whyte.  While we all know what a stand-up guy Craig is, how likely to you think HMRC are to believe he will stick to a plan stretching out years into the future?  It’s just not going to happen.

I hear a ‘We’ll take a few years to pay too’ campaign is set to trickle through the SPL if HMRC agree to this one.  Better using the tax man as a bank than using an actual bank.

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  1. James Forrest is The Emperor of Ice Cream says:

     

    20 February, 2012 at 19:08

     

     

    To put it crudely, not being part of the political mainstream, i.e. the establishment.

  2. Camdenhoop

     

     

    It has been acknowledged for several years now that the Republican leadership had their hand on the tiller more than was at first thought.

     

     

    However, let’s not revise history here. Ultimately Sands followed by McFarlane drove the mechanics and intent of the entire hunger strike process. And their targets were driven by the hunger strikers themselves.

     

     

    Ps great Irish book shop in Camden you should visit it :-)

  3. James Forrest is The Emperor of Ice Cream on

    pflan76:

     

     

    Yeah but what would the policies be? What would they be campaiging on/for?

  4. Awe_Naw_No_Annoni_Oan_Anaw_Noo says:

     

    20 February, 2012 at 19:18

     

     

    Didn’t mean to be harsh – I just feel that Philvisreturns is a national treasure, who must be cherished and defended.

     

     

    Oglach, good post. Anthony McIntyre is indeed worth reading on the hunger strikes and the peace process, from a disillusioned dissident republican perspective.

     

     

    I agree with your earlier and more general point. The wonder of CQN and our club is that every shade of opinion – and possibly lunacy – is to be found in the Celtic family. Could you imagine a debate of this ..erm…….erudition on FF?

  5. Well well Internet bampots

     

    Easter Road yesterday James Forrest not one of his best games,even paddy could have made a greater contribution

     

    As for the rest of the team SUPERB

  6. Is any betting establishment taking bets on CW doing a runner ?

     

     

    If so what are the odds ?

     

     

    Only asking as CW is apparently stepping down from directorships like they are the plague !

     

    Apparently to focus on the Gers problems more !.

     

     

    This looks like someone getting to feck out of DODGE tax county in a hurry with his one way TICKETUS !.

  7. FourGreenFields on

    voguepunter 14:39

     

    What an absolutely fantastic post , could never have summed up those experiences ( most of which I have suffered ) in such a brilliant way.

     

    Just to add a small story of my own to the melting pot ,

     

    Out with a few boys from our street one day on our bikes , all around 14 years of age , except one a year younger. As we ride home the 13 year old ( rangers fan ) calls me a Fenian b*****d , so I jump off the bike and thump him and burst his lip .

     

    He heads home and by the time I reach home he’s at my door with his mother shouting what for , my mother stands and listens to the outburst before asking me why I had hit him.

     

    I recount the story and his mothers face goes red with embarrassment at her ranting and they both disappear , no apology , nothing . Summed them up to me.

     

    Some things never change , seen the same idiot years later at a boys football tournament shouting at a team wearing green , I will leave the words to your imagination.

     

    The sooner they are gone the better.

  8. I’ve emailed The One Show suggesting they balance things up by showing a happy Celtic family celebrating when we win the league.

     

     

    Think they will?

     

     

    Bhoys4ever

  9. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Camdenhoop

     

     

    Philvisreturns is in the top 10 of CQN posters in my book. His political views are still moderate enough for me to engage with him.

     

     

    HH

  10. The Tax Payers Alliance (TPA)

     

     

    I posted last week suggesting people notify the above organisation to highlight & object to Goverment pressure emanating from both London & Edinburgh for HMRC to ‘cut a deal’.

     

     

    Paul67 later asked me to repost in order to stress the worth of using this route which I did.

     

     

    Several posters confirmed they had done so & I’ve noticed a couple of replies from TPA have been posted.

     

     

    Below is the reply I received from TPA & I’d draw your attention particularly the 3rd sentence. WELL DONE YOU CQN BHOYS

     

     

     

    Dear James,

     

     

     

    Thank you for contacting us. This issue has generated a massive response from people across the country. I have spent the last one and a half hours replying to e-mails just on this issue, not to mention the number of e-mails I replied to last week.

     

     

     

     

    We are aware of the political pressure being put on HMRC, however it is the duty of HMRC to get the best settlement it can on behalf of taxpayers.

     

    Football clubs should be treated in exactly the same way as any other business.

     

     

     

     

    If you have not done so already, please sign-up to our weekly bulletin sent out to all supporters every Friday.

     

     

     

     

    Best Wishes,

     

     

    Andrew

     

     

     

    Andrew Allison, National Grassroots Coordinator

  11. Catching up, no likeminded people around to discuss this with so my scrambled thoughts make it here.

     

     

    So our hero has indeed “resigned” from several other companies in order to concentrate on saving Rangers. (Pritchards last week and apparently ‘several others is recent days’.

     

     

    Has he really resigned? Would any respectable company want to be associated with him right now?

     

     

    And reassure me please, they’ve NOT going to win the tax case are ? Although I’m not sure I don’t actually prefer the ineligible player / relagation scenario. But here another question comes to mind. We want the investigation and points deduction BEFORE any possible liquidation, no? Then newco have no claim to waltzs straight badk into the SPL.

     

     

    just about to settle down to watch tbe BBC documentary as being in foreign parts I didn’t see it first time round.

  12. There’s a hun on Clyde wanting us punished for calling them huns.

     

     

    Better tell this guy.

     

     

    #################

     

     

    ‘Why this hun’s on the run

     

     

    Robin McKie

     

    The Observer, Sunday 18 May 2003 12.21

     

     

    They say Tierra del Fuego is pleasant at the moment – as are Ulan Bator, Antarctica, Pitcairn Island, Mount Everest and the Galapagos archipelago. I know because I checked them all out last week.

     

     

    Then I remembered hearing about Boulby, in Yorkshire: the home of Britain’s Underground Laboratory for Dark Matter Research (honestly). And I knew straight away where I would be heading this week – for the Boulby laboratory has been built in an old mine where delicate instruments, stored deep underground, monitor rare cosmic particles in an atmosphere of blessed silence and complete darkness.

     

     

    For a hun – a Rangers fan – it is this week’s dream location, a sanctuary where there might actually be a chance of escaping the gibbering hordes of sombrero-hatted, chanting, triumphalist, banner-waving green-and-white bedecked Celtic-supporting lunatics who have been wrecking my life and driving me mad ever since their team limped past Boavista last month and slinked their way into the Uefa Cup final. Cash-strapped boffins could make a fortune for British science by renting out that mine to equally desperate Rangers fans, I reckon. ……..

     

     

    Robin McKie, The Observer’s science editor, has supported Rangers since 1961.’

  13. the word hun is not sectarian. it describes a rangers fan not a race or religion. it’s just a great word…. HUN. i love it

  14. midfield maestro on

    Warren Miller skiing on SS2, brilliant, canny wait for LaPlagne in 6 weeks, not be as mental as these guys though.

  15. Fenianinho@18:41

     

    Thanks for posting that sorry excuse for journalism.I remember reading it with amusement turning to anger. That article along with Jabba’s succulent lamb masterpiece should be part of journalism degrees in universities the world over, named the propaganda dressed as news module.Shame on them…PR guys masquerading as journalists.

     

    Philvis…

     

    Please stop praising the mass murderer that is Thatcher. I could go on but I’ll just say one word, Belgrano.

  16. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Mickybhoy

     

     

    Easter road pitch is poor. Paddy would have struggled too.

     

     

    HH

  17. Joe Filippis Haircut on

    Those lovely warm Rangers fans as a family with the token Celtic fan have just been on the One show.What is it people dont understand they have stole from the tax payer and schools,hospitals and other good causes have been denied extra funding while the peepil flaunted there alliance to the Queen.Bhoys we are up against it here they are getting an ill deserved sympathy vote. The way this is going wee bug eyed Craig Whyte is going to get a knighthood for sevices to UK football.H.H.

  18. James Forrest is The Emperor of Ice Cream on

    You know, listening to the discussion over the sectarian singing at Ibrox, the debate is framed around how the fans “let themselves and the club” down. About how it undoes a lot of “progress”, about how it was a step backwards for fans who have moved on. Let’s clear something up.

     

     

    The people who sung those songs sung them from the heart. They sung them loudly and lustily, they banged the drums proudly. They wore their hearts on their sleeves, these people, they put it all out there.

     

     

    They sang with such vigour it’s impossible to escape the notion – indeed, the knowledge – that they were celebrating their ability to do so.

     

     

    This was not rolling back the clock. This was not a blast from the past. It was not born out anger, frustration or defiance. It was a celebration of their culture, of their beliefs, of their mindset. It was a reminder of who these people are.

     

     

    The reason they sung those songs at the weekend, when you break it down, is simply this; the singers realised there was no sanction which could be imposed on them for doing so. Their previous weeks and months of “good behaviour” – yes, I know, you don’t need to say it – was not because they were reformed, or had moved on, but because they feared the consequences.

     

     

    Removed of that fear, they reverted to type. This is who they are.

  19. lochgoilhead bhoy says:

     

    20 February, 2012 at 19:37

     

    jockcfc says:

     

    20 February, 2012 at 19:33

     

     

    why are they called huns?

     

    …………………………………………………

     

    in the 70’s rangers fans called them selfs huns, i don’t know where the word come from but i’ve not found anything sectarian about that word.

  20. The Battered Bunnet on

    Mad Mitch/Philvis

     

     

    Spending as I do a considerable amount of time in rural Lincolnshire, I can confirm that January was indeed sparse and cold, not least for small shop keepers.

     

     

     

    James Forrest

     

    “relative poverty is the starting point for any debate”

     

     

    I beg to differ.

  21. One other thing about Easter Road yesterday where do all these part time Tims get their hands on tickets

     

    Saw at least 4 yesterday who are normally ensconced in the pub or bookies of a weekend denying regular attenders the chance to be at the game

  22. Ernie Lynch@ 19:33

     

    Hope you seen my humble pie post from previous thread regarding (dis)hunerable first minister…

     

    The Jelly & Ice Cream makes it more palatable!

     

    HH

  23. I wanted to read what Jaroslaw Fojut told about his foul on Twitter?

     

    I found what I was looking for.

     

     

    I also found on his twitter :”Happy to see Celtic winning. Unfortunatly I cant see the game .”

  24. lochgoilhead bhoy says:

     

    20 February, 2012 at 19:37

     

    jockcfc says:

     

     

    Believe it goes back to anti-German feeling during WW1. The same process led to German Biscuits becoming Empire Biscuits – and indeed the Saxe-Coburg-Gothas becoming the Windsors.

     

     

    What’s more interesting is the fact that it’s what THEY used to call US. Not sure when the switch-round happened.

  25. CultsBhoy loves being 1st on

    lochgoihead

     

     

    why they are called Huns..

     

     

    2 theories:

     

     

    1 there association with Royal Family and their German ancestry

     

     

    2. There was a Scotland v Germany game in the 30s held at Ibrox, where they flew the Nazi flag.

     

     

    I also think they have a natural affiliation to right wing (Nazi) like views..

  26. lochgoilhead bhoy on

    jockcfc says:

     

    20 February, 2012 at 19:40

     

     

    You are right about the 70’s but I think it worth knowing what I was taught as a youngster. It comes as usual because they picked a loser, Eintracht Frankfurt.

     

     

    http://www.youtube.com/watch?v=_717RCKR1us

     

     

     

    Celtic supporters went for Real.

     

     

    From that point they were known as Huns. You are right again, nothing sectarian about it.

     

     

    Can anyone give me an earlier reference?

  27. oglach says:

     

    20 February, 2012 at 19:17

     

     

    Suggesting Adams is culpable is totally disrespectful to the integrity of those who died.

     

     

    Whilst it is understandable for those with an anti Sinn Fein agenda to seek to maximise the significance of ‘negotiations’ occurring on the outside – to those inside Long Kesh – they couldnt have cared a less about any ‘negotiation’ they were only concerned with their 5 basic demands – period.

     

     

    I know this not having read any persons book (which is ofcourse going to be driven by the writers opinion, over any fact) I have formed my opinion having spoken with 2 men who were next in line on the hunger strike, an OC and members of the families of those who died (admittedly Bobby’s sister wasnt one of those!)

     

     

    anyhow – to discuss such sensitive matters in this arena isnt perhaps fitting

  28. macjay1 for Neil Lennon on

    Awe_Naw_No_Annoni_Oan_Anaw_Noo says:

     

    20 February, 2012 at 18:45

     

    The result for Thatcher pouring money into BL in Bromley was re-election. When she could not afford to do that she sank the Belgrano.

     

     

    The late Captain of the Belgrano disagrees with you,but what would he know?

  29. lochgoilhead bhoy on

    CultsBhoy loves being 1st says:

     

    20 February, 2012 at 19:43

     

     

     

    see my answer just after you

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