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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Sadies bhoy
Have always lived in the east of scotland. Maybe I’m blessed – I have never suffered the bigotry that folks in the West endured.
However…. working as a bar maid (a lot of years ago) we had both old firm supporters frequent the premises (strangely, they never fought!). However, I always opted to serve the fans in green…. they were really polite, and fun to deal with. A good bunch.
In those days, I didn’t really know what it was all about!
Apologies!
Night all
:-) x
OK.
So are we too expect a link between MBB and TicketUs? Not a chance, they seem to be very solvent.
The plot thickens.
Good Night one and all. Enjoyed the craic. Oscar Knox – Yeehah!
celticghirlanew says:
21 February, 2012 at 00:16
Sadies bhoy
Have always lived in the east of scotland. Maybe I’m blessed – I have never suffered the bigotry that folks in the West endured.
However…. working as a bar maid (a lot of years ago) we had both old firm supporters frequent the premises (strangely, they never fought!). However, I always opted to serve the fans in green…. they were really polite, and fun to deal with. A good bunch.
In those days, I didn’t really know what it was all about!
Apologies!
Night all
:-) x
………………………………………………….
It’s a crying shame that anyone has to find out what it’s all about. I’m glad the Tims were well mannered. Most of them are well mannered on here too :-) although we have the occasional nugget.
Have a yank friend that owns a pawn shop. Wait till I explain this to him.
Someone walks into his store, gets a loan on something he doesn’t own, then comes back the next day to buy the thing he pawned so he now owns it.
Only in Govan guys, only in Govan.
THE EXILED TIM says:
20 February, 2012 at 23:33.
Agree mate , The only way we have of getting this whole story investigated, and action taken is if someone with some clout down south gets interested and wants to follow it up . No chance of a result up here ,as you say they are all in it .
hail hail
jimtim
praecepta at 00:12
But if an advance from the SPL allows them to retain players and finish higher up the league, how is that fair to the other teams?
HT – there’s 2 of us not been called a hun?
How’s Neil, after yesterday?
Celtigirlanew – welcome, where ye from ? Ye come here often ? :-)
hh
bjmac
Derry City v linfield,Shamrock Rovers v Cliftonville in the Setanta cup.
Hamiltontim
you’ll get the best out of them…… Good for you for getting the debate started in the first place. Scary thing, opening up that kind of debate – but the real joy is watching them talk down their own arguments…. Kids are great at doing that!! Reason prevails – which is more than can be said for some grown ups!
What age of kids are you working with?
Need more sane folks like you in education….. it’ a hope for the future!
Night all
:-) x
One of the funniest lines ever on CQN
Need more sane folks like you in education….. it’ a hope for the future!
Obviously you’ve not had the pleasure of meeting HT, celticghirlanew
hh
bjmac
Anyone work for Tmobile? lol
I HATE MY PHONE lol
HH
Celticgirlanew
Thanks for that.
Bjmac
He’s ok mate, he was a bit shaken up at the time I think through anger as much as anything.
The police stated that the hun will be up in court first thing this morning but if he pleads not guilty then we’ll have our day in court.
Celticghirlanew
Not a ghood phrase that OF phrase. Kinda lumps us together with the Huns.
We are not even two sides of the same universe never mind the same coin.
Celtic and Rangers – 2 completely seperate entities.
Ghood ghuys and bad guys
MWD JUST SAYIN LIKE SALT N SAUCE
Bjmac
Yer a HUN!!!!!!! :-)
MWD
You’re an auld hun :-)
HT
Hopefully he pleads guilty then, you could do without the hassle of having to go through there for that.
Off to bed, speak soon.
hh
bjmac
HT
Don’t tell me it’s started already?
What more can we expect with the good ole ICF leading the HUN protests. If that’s what the common inbred is looking up to… It’s gonna get one helluva lot more bloody before their last breath as a club.
Keep safe Bhoys n Ghirls.
MWD
HT
Your a HUN withoot the bus fare.
MWD
MWD
Doing my ‘other’ job just now so don’t really have time buddy. I’ll explain tomorrow.
The longer this scenario goes on the more i fear they will get off with this . Too many high profile establishment figures fighting their corner . And every day a new saviour pops their head up.
JIMTIM
Bjmac
Take care…ya hun :-)
BJMac
Leave HT alone – I was being encouraging!!!
From the funniest on CQN to perhaps the cheesiest….
Where am I from and do I come here often?
One moment…. please …. excuse me..
BAHAHAHAHAHAHHAAAA !!!
Ok – From the East of Scotland… a recent visitor, but lovin’ the chat on CQN !!
Keep it up bhoys!
:-) x
Jimtim
The only thing they are getting aff way is their maws.
MWD :-)
Might be a good idea if the SPL accedes to the wishes of Strathclyde Police,and defers the next clash at Ibr*x…
For one thing,it denies them a cash injection for a bit longer…..
If we go there already crowned Champeones,the ranks of the fairweather orcs are liable to be much diminished,after dispiriting performances over the next few games….we might actually comprise the majority of the crowd in attendance …
Moonbeams,
Apologies for the OF reference……. just saying, the hoops fans were always nicer!
And that was in a pub where both teams would meet for a pint, before getting on separate buses to go to the same match.
Not the same over here in the East – not where I worked, at least.
I know it’s out there… all the hatred and bigotry – I’m just saying, I’m fortunate – unlike my esteemed hubby, I never had to put up with any nastiness!!!
HH
:-) x
HECTOR – Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. says:
21 February, 2012 at 00:37.
Thanks for the reply mate . And i pray to god they get hammered .
jimtim
nothing without fans says:
21 February, 2012 at 00:20
Read my previous posts – outcome!
Won’t matter if they finish 2nd top or bottom if their accounts fail to comply with the SPL and Euro mandates.
Retrospective punishment is yet to be decided (apart from the current 10 point deduction): no accounts = no Euro football, still in administration = further points deduction, liquidation = reapplying as newco and that’s before any other investigations.
As for the other teams – the best they can hope for is moving up one notch in the pecking order. Doubt it will mean more money (in the short-term) but it could free up a Euro place for one of them.
No team will get financial compensation – it will be up to each of them to make the best of an opportunity without them (or them being in a weakened position).
And with that …………… I am off to bed.
H! H!
Hi bhoys and ghirls,
Los Angeles tim here.
Been a lurker here for a few months and love the site.
Thank you Paul for keeping us up to date on everything going on , especially on the dark Side.
Plenty of jelly and ice cream parties going on over here in LA and plenty more to come.
Keep up the good work Paul
We do not need no stinkin’ rangers :-)
timsrgr8
Awesome post – welcome :-)
timsrgr8
Welcome to the madhouse ya hun! :-)
Knoxy….brilliant news. God Bless your wee man.
Cheers,
Ronnie
I’m really missing all these wee innocuous Hun interlopers like ‘bruce’ last week…
One of the joys of CQN is to observe the reaction of MWD(In Administration), to a provocative troll..
One can imagine him going all ‘Frankie Howard’,purpled of visage,hand-on-hip ‘outraged’…
Haste Ye Back,Super_Ally……
;-) TSD.
MWD
Briefly….
It involves a hun…from Glasgow…in Edinburgh…a cup of hot coffee…and a firework in his pants!!!!
Not a word of a lie!
Thanks HT and PG…..never been called a Hun before, but I’ve noticed it might be a warm welcome on this site :-)
HT – A rocket in his pocket?
Pure Banger..
Massive oaf and professional lump o wood Kyle Bartley is ‘gearing up’ for a move back to the Emirates.
Farewell Kyle, you large ned.
1 down……
Bedtime!
Singing Detective
totally agree mate. Ibrox and vicinity would be a dangerous place to be Tim when we hump them to win the league.
I’m sure the polis won;t let it happen
Worse Paddy in his pants!!!!