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. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Macjay1

     

     

    The Argentineans have a secret service too.

     

     

    I am sure Scotland threatening Independence and grabbing the oil revenue has nothing to do with it nor the Situations in North Africa

     

    Argentina have more claim on the Malvinas it is as much British as Nothern Ireland. I fail to follow your cynical logic.

     

     

    HH

  2. West Wales Celt on

    Bunbury Bhoy:

     

    With you all the way tovaritch!

     

    If there’s ‘political sectarianism’ (and the Beeb have told me there is) then there’s certainly political and economical hunnism; they know who they are…

     

    We’re having a party when the rainjurs die, having a party when Thatcher dies…

  3. Scotpatsfan says:

     

    20 February, 2012 at 18:00

     

    First of all, as a Christian, I do not wish death for anyone, be it Thatcher, Paisley etc.

     

    Then I pointed out that I wasn’t that sad that she shut the mines in Scotland.

     

    SPF

     

    As a christian you don ‘t wish death on anyone but you are OK with the destruction of an industry employing tens of thousands in Scotland. Muppet. My father, a non-catholic, travelled with his NUM man Gerard Bolland, to Orgreave. Religion didnae matter to the good folk in mining communities. It still does not. You total muppet.

     

     

  4. Neil canamalar Lennon hunskelper extrordinaire says:

     

    20 February, 2012 at 20:21

     

    They don,t use it in that context,as far as Iam concerned they use to insult my faith that is all I,am saying

  5. The past week has finally caught up with me…..Ah’m knackered.

     

    I just wish The Unclean would just accept the inevitability of their fate,roll over & depart this earth.

  6. JimmyQuinnsBits on

    SmashingMilkBottles says:

     

    20 February, 2012 at 20:24

     

     

    Hope that no an excuse for standin on one leg with your trouser leg rolled up… that would be an ecumenical step too far ;)

  7. Seven Fishes Four Steaks/Silver City Neil Lennon,

     

     

    I just knew someone would bring that up, I was hoping to avoid such a debate-:)

     

     

    Árd Macha

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

     

     

    20 February, 2012 at 19:39

     

     

    JF you may not have heard the discussion on RS this morning between the progamme host John Beattie & Graham Spiers.

     

     

    JB had been given a ticket to the Killie match and in light of recent circumstances he was interested enough to go along. [He pointed out he had only ever been to Ibrox on two previous occassions & to Celtic Park once for a Scotland match].

     

     

    Before describing the experience he pointed out he had been brought up abroad & did not live in Scotland till he was 12.

     

     

    He almost immediately described how alienated he felt and asked GS ‘how could this be’. GS, as is his want, gave a superficially intelligent and reasonable answer which included the usual coded phrases with which we have become familiar.

     

     

    JB came back to state what he heard: “distugting anti-Catholic chanting”. At this point I nearly drove the car off the road! So used am I to hearing “offensive”, “sectarian”, “unwelcome” etc it was a shock to hear the the cold hard truth. And broadcast on BBC! JB used the anti-Catholic phrase more than once. He was clearly bewildered and seemed astonished that such could be heard in this 21st Century. He came across as desperately sad and offended about the whole experience.

     

     

    GS was keen to state Celtic and others and [Man U & Liverpool!] were guilty of terrible & objectionable chanting but that the problem with many Rangers fans was particularly pernicious and by far worse than elsewhere. He said although he had no doubt made journalistic mistakes in his career he was proud of his consistency in highlighting this particular issue.

     

     

    GS I don’t think used the anti-Catholic phrase but he talked to it & didn’t dispute it.

     

     

    I recommend everyone to listen into the discussion which was broadcast around 12.15 today.

  9. macjay1 for Neil Lennon on

    Awe_Naw_No_Annoni_Oan_Anaw_Noo says:

     

    20 February, 2012 at 20:16

     

     

    Michael Foot and the Labour Party voted in favour of the Falklands task force.

     

    The subsequent election took place more than a year after it`s return.

     

     

    Pal,lots of legitimate areas to attack M.Thatcher.

     

    Don`t feel this is one of them.

     

    B.T.W. Argentina`s Peron welcomed thousands of fleeing S.S.men post war who helped him organise

     

    a “stable and secure dictatorship of the proletariat” ie fascism. Galtieri was one of the offspring.

     

    The president of Argentina is called Kirchner.No connection,of course.

  10. Seven Fishes Four Steaks says:

     

    20 February, 2012 at 20:23

     

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

     

     

    Only got 4 episodes of season 3 left, gripping stuff.

     

     

    HH

  11. Neil canamalar Lennon hunskelper extrordinaire on

    Awe_Naw..,

     

    had that discussion a whil ago, britain had a presence in the falklands (16something) before argentina was even a country (17something) is what I was made aware of, is that the case.

  12. huskerpunk says:

     

    20 February, 2012 at 20:15

     

    ………………………

     

     

    Huns did start in Wolverhampton I think as it was one of the first cities they trashed.

     

     

    Glasgow Herald April 20, 1961 page 14

     

     

    Cyril Horne’s match report ends: “Rangers can be proud of their display but not of the behaviour of some of their supporters, who since they arrived in Wolverhampton have been provocative in the extreme.

     

     

    The police had a tremendous job at the finish of the match to prevent a mass invasion, and Rangers players underwent an ordeal as some hundreds who had eluded the police guard did manage to reach the pitch.

     

     

     

    I dread the thought of what might have happened had Rangers lost this match.”

  13. Hector is my hero on

    James Forrest is The Emperor of Ice Cream says:

     

    20 February, 2012 at 18:55

     

     

    James, I take it from your post that you didnt much care for her and her politics .

     

     

    Let it go fella and learn to move on as that much hate will consume your soul and you`ll risk turning into a mirror image of what you despise.

  14. I’ve only just discovered that Lewis Toshney played for Kilmarnock in their victory at Ibrox on Saturday.

     

    There must have been something else happening that caused that to slip my notice.

  15. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Macjay

     

     

    Thanks for the info. It doesn’t change the fact that the Falklands war helped her get Elected. Is that what we were doing in Northern Ireland…protecting the people from facists ?

     

     

    HH

  16. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Canamalar,

     

     

    I am sure there isn Eddie Izzard cunning use of flags joke there somewhere.

     

     

    HH

  17. James Forrest is The Emperor of Ice Cream on

    Palacio67:

     

     

    You ain’t seen nothing yet fella. I can safely say that.

  18. It all fits! Huns (as in short for hundreds) will soon be an accurate description of their matchday crowds

  19. The Ghood will prevail says:

     

    20 February, 2012 at 20:01

     

    Lads, I’m reliably informed that tomorrow’s Daily Mail nails Whyte. It’s a truly sensational story.

     

    ***************************

     

    Polite party request……more info req’d please!

     

     

    And I wouldn’t be surprised if there’ll be another rise, said the mhan from the daily mail!

     

     

    V

     

    HH

  20. The ragersmedia has started a new thread “The word H*n”.

     

     

    They is complaining about the use of the word whilst shoving in the f word they shouted on Saturday ?.

  21. Neil canamalar Lennon hunskelper extrordinaire on

    TimJim,

     

    “if you know your history” is something we should not be singing lightly.

     

    It doesnt matter what they think they are saying if they dont have a clue.

     

    Personally I accept it as an honor when labelled a fenian, we all should, the fenian movement was the begining of the end of the british empire, lest we forget :o)

  22. macjay1 for Neil Lennon on

    Awe_Naw_No_Annoni_Oan_Anaw_Noo says:

     

    20 February, 2012 at 20:25

     

    Macjay1

     

    Argentina have more claim on the Malvinas it is as much British as Nothern Ireland. I fail to follow your cynical logic.

     

    HH

     

     

    Agree about N.I.

     

    The people of the Falklands don`t want to be Argentinian.That`s the criterion the U.N. uses to determine these matters. Texas was Mexican.Time it was repatriated ?

  23. SmashingMilkBottles on

    Lennybhoy

     

     

    Laughing at my misfortune?

     

     

    Ahm away in a huff!!! (limps away sulking. . )

  24. 'crushed nuts?' 'Naw, Layringitis!' on

    Attila Attacks Italy

     

    In 451, having suffered a setback on the Plains of Chalons, by the allied Romans and Visigoths, Attila turned his attention to Italy. After having laid waste to Aquileia and many Lombard cities in 452, the Scourge of God met Pope Leo I who dissuaded him from sacking Rome.

     

     

    Attila’s Ignominious Death

     

    Attila’s death in 453 wasn’t quite what one would have expected from such a fierce barbarian warrior. He died not on the battlefield, but on the night of his marriage. On that night Attila, who, despite common misconceptions, was not a heavy drinker, drank heavily in celebration of his new bride. In his wedding chambers at the end of the event, Attila passed out flat on his back. It was then and there that Attila had a massive nosebleed which caused him to choke on his own blood.

     

    kkkkkkkkkkkkkk

     

     

    Doing a deal with the pope? Is THAT why they’re offended??

  25. Vmhan Supporting Lenny! says:

     

    20 February, 2012 at 20:38

     

     

    Michael Kelly wrote a book about the London Underground. Anything to do with him? If yes, then my suggestion is Bhocott it, otherwise, fire in…

  26. macjay1 for Neil Lennon on

    Awe_Naw_No_Annoni_Oan_Anaw_Noo says:

     

    20 February, 2012 at 20:34

     

     

    Good chatting with you,pal.

     

    Pity it`s not over a schooner or three.

     

    Aff to work soon.

     

    B.T.W. Have enjoyed your editing of the old media classics.

     

    Been sucked in a few times.:-)

  27. Hector is my hero says:

     

    20 February, 2012 at 20:30

     

    James Forrest is The Emperor of Ice Cream says:

     

    20 February, 2012 at 18:55

     

     

    James it is totally healthy, as a socialist or a social democrat or someone who cares about poverty and community, to hate someone who accepted leadership status in a Party and in successive Governments that set out to destroy communities and increase poverty and inequality (amongst other crimes against community). which set the country in the direction it is healthy! She despised the working class communities, she despised Unioshe despised the NHS, she despised The Irish. She must have despised Scotland as the programme she followed She has blood on her hands was the figurehead of Government that

  28. SmashingMilkBottles says:

     

    20 February, 2012 at 20:41

     

     

    Not at your misfortune, the thought of you explaining how you came by your Stookie and Crutches…

     

     

    So Mr. SmashingMilkBottles how did you come to get yourself in this state…well you see I got so sick of eating Jelly and Ice-Cream when rangers die, I thought I would get a Stookie and Crutches when rangers die…

     

     

    Crash Helmet on…:)

     

     

    Keep the Faith!

     

     

    Hail Hail!

  29. Árd Macha says:

     

    20 February, 2012 at 20:24

     

     

    I do not doubt McFarlane however i believe that the views of men such as McIntyre have the right to be heard,he has certainly earned the right, 18 years as a POW, the dirty protest, his comrades were the hunger strikers. I also do not believe that Adams and McGuninness re invented Sinn Fein is the only voice of moderate Irish Republicanism. To call men such as McIntyre dissidents in my view is wrong it is a term widley used by Sinn Fein activists to try and demeen those who object to Adams and co, it lends subsance to McIntyre’s assertion that Adams and McGuinness are authoritarian Stanlist control freaks which i also think is wrong. I can recall when Irish Republicanism used to be a very broad church indeed.

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