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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bass Bhoy
Excellent!!! Its no surprise you saw the light, we are a phenomenal club, proved by this fabulous week :)
HH
Ya Hun …… ;0)
Raymac says:
20 February, 2012 at 21:28
Well said, exceptionally well said.
MWD
I’m doing the ironing mate………
Before they find religion, they’d have to start walking upright
and begin the long evolutionary process that most of the rest of the world called civilisation.
HH
Raymac, always a pleasure to read your input. I was hoping you’d appear this morning as the debate began. Hope all is well with you and yours.
Aw_Naw
Teacher or lecturer? Not exciting enough for me amigo:o)
Patrick27
you on quiz duty this week?
HH
CRC
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.
WHIT??? Dae ye mean he’s gonna hit a level lower than zero?
http://i.imgur.com/cOPNy.jpg
bankiebhoy1
You been visiting one of those new Natural Hunstry Museums in Glasgow.
MWD
Minx1888 , how can he write ? he holds the crayon between his big and middle toes!
SmashinMilkBottles , i’m actually laughing writing this , hahahahahahahahahahaha. TAL !!
celtic67 (i think) , everyone who thinks that MBBCWAKAGEF is in as a stooge. and that he’ll walk away.
I have one question to ask you.
Do YOU think he’ll walk away ?
RTC have had various discussions as to his ‘sociopathic’ personality . Nothing that we ‘little people’ think or say impacts on this type of person. We don;t even register .
If the bluenoses are expecting to oust him , they’ve got another thunk coming . I’m planning to pull up my big comfy chair , get a big 4lt tub of vanilla and enjoy tyne show.
HH
No phone, internet or live games for 2 & a half weeks so what a day arriving home from hol to find out we are 17 points ahead & the filth are on their knees. Bliss!!!
CRC
No he’s no.
His neighbour going to be throwing him up n doon again when the Huns go liquidised.
MWD :-))))
Cheers Minx1888 and indeed BillyStarks TH
HH
CRC
Anyone know any sites for cheap(er) tickets for Broadway shows? ta.
Raymac
Great post. I have to be honest and say I do judge those that cross the divide as far as Rangers are concerned ?
Is that bad? I don’t think they have made any effort to embrace an open society ?
If you think that I should shouldn’t I also forgive those that didn’t in the past because they never had a choice ?
HH
Boring stats-
Migration from NI to Scotland is now higher per quarter (since March 2010) than migration from Scotland to NI (March 2006 to 2010)
MWD
Yup, you can’t miss it….
Big ugly building……..Edmiston Drive,
…… Govan,
I think…
;)
HH
EDB
Now that I think you might be a trained commando I am going to agree with you much more often ;-)
Raymac says:
20 February, 2012 at 21:28
Fair point re Pat Fenlon. It makes no sense to condemn sectarian signing policies but then attack the people who help to break them.
As matter of interest, did Linfield have the same approach as the Huns? I seem to remember a suggestion that at least one of their star players in the 70s was a Catholic.
Just a couple of points to add to the workplace sectarianism debate.
No issue that it existed well into the post war era – late 70’s / early 80’s.
Not sur when it ended but I have not seen much first hand but the stories my fathers generation were of a diffent matter entirely.
However where I do disagree with the first poster to bring it up is the mines / NUM. Consequently not sure the region being talked about but from what I know most areas specifically west central Scotland were pretty mixed – the work was hard enough and gravity was the enemy of all no matter the persons background / religion.
Moving on to the bigger picture – why has Scotland turned out to be different from the NI given that they share a number of the same stresses / conflicts?
My thoughts are 3 things / events –
The 1918 Education Act
The Labour Party
The NUM
To this can be added the social dynamic of ‘nickin aboot’ – sex winning out over sectarianism – no sure if everyone will agree with this but it sure makes a Glasgow wedding exciting.
bada bing , check out tkts.com.
head down to times square about 2-3 o’clock . good craic and good options for tix
ElDiego
@ 21.38
Haw you I’ll have you know I had TWO custard creams at playtime today!
That risky enough for ye :-)
bankiebhoy1 , you were just about to post the postcode and realised you’d out yersel , weren’t ye , weren’t ye , ya hvn ?
Anyone know any sites for cheap(er) tickets for Broadway shows? ta.
—————
have to tried ,
cheapticketsforBroadwayshows.com ?
allways happy to help.
tal
Camden
Fenlon signed for linfield in 93. 10 years earlier they had scouted my older brother but ended their interest when they were made aware of his religion.
UC
bass bhoy says:
20 February, 2012 at 21:09
Good story
Hail Hail
Sanna
Hey hun!
How you doin’?
:)
You over anytime soon?
Awe-Naw
I’m in a SF team with WG, SOAL, NAFOS and The Badger.
Don’t tell emdy:o)
Bada
Agree with sannabhoy, a wander down to time square where you’ll find discounted ticket shops, also speak to the desk at your hotel as these guys n gals are always in the kno!
Enjoy HH
St Stivs
Basa!
Beat me to it!
HH
!!Bada Bing!! Kano 1000 says:
20 February, 2012 at 21:44
Anyone know any sites for cheap(er) tickets for Broadway shows? ta.
***
Just back from NYC – used lastminute.com and got a good deal for Rock of Ages.
MadMitch says:
20 February, 2012 at 21:47
hhhhhhhhhhhhhhhhh
I see your faith, TUs’ and a political party and add a low cut dress and lots of bevvy!
hamiltontim
Don’t start me.
I’m on an H&S course all this week and the bl…y trainer turned up minus milk today.
He did turn up with a huge selection of soft and hard sweets, tea, coffee, buns etc and sorted the milk out early doors.
Can I point out and remind everyone that pre SNP anti Celtic legislation – the police video filmed the Celtic end and had such an endeavour to arrest Celtic fans, carried out a dawn raid on a young lads home because they saw him add on ‘up the ra’ to the end of a song.
Surely there is someone somewhere with a public arena that can call on the same endeavour being shown to target and arrest Rangers fans.
Being able to pick out one fan out of hundreds some might say is like finding wolly.
Well constables and detectives – take a look at any picture of the Rangers end from Saturday and your screen is filled with wolly’s.
The one sided nature of governance, policing and journalism in Scotland is shocking
bankiebhoy1 , hopefully in the next couple of weeks – different work pattern .
Listen , just went for a plunge in follyfolly . If this is what they want , why doesn’t AS give it to them?
View Poll Results: Punishment (Admin/Liquidation)if given the choice
Accept Admin – that will hand them the title but we stay in SPL 14 31.11%
F@ck you lot. We’ll go down for a couple of years and you’ll suffer too 31 68.89%
OK. away for a shower now.
Patrick27
After Bass Bhoy’s confession…. I feel I have to confess, too.
Bass bhoy is to blame for me becoming a hoops fan. Or is to credit for that fact!
When we met, I couldn’t understand the fuss….. it’s only a game, and all that!
Now, I’m texting him with latest hoops/ huns updates (downdates when it’s the huns!!). I’m actually able to have a properly informed discussion with him.
He was working on Sunday and got home just after KO. I was already glued to the game!!!
I LOVE it – Celtic are amazing to watch – such a skilful team, with a real magic about them.
The fans are a delight
…. and what a GREAT time to become a Celtic fan???
Honestly, I’ve turned a corner! Seen the light!
More of this amazing play from NL’s bhoys
FABULOUS!!! :-)
EDB
That sounds like some load for you bud ;-)
HH
Eyes Wide Open says:
20 February, 2012 at 21:58
hhhhhhhhhhhhh
What’s really shocking is that the LL deliberately cropped the ICT from the banner, now there’s a story!!!
CRC
Si mi amigo :)
HH