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.
If you would like to read CQN Magazine online (for free), click here. You can download a pdf of the magazine using the button at the top of the page, second from the right. Click on the link below to order a hard copy of the magazine.
You can support the online edition by making a discretionary donation here.
1,072 Comments- Pages:
- «
- 1
- ...
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- »
hamiltontim says:
21 February, 2012 at 01:11
Mind boggles mate, I hope they don’t let him off…:-)
bartley !!……..that tncu will never wear a red n white shirt…… not on tv anyway….
Take care folks, goodnight.
Billybhoy68 from RTC has done some fantastic digging about Mr Whyte’s activities in his “wilderness years” (Mr Whyte’s wilderness yesr – not Billy’s).
It seems that he was off trading in gold, but still plagued with terrible admin assistants not filling in details correctly!
As Billy suggested, perhaps we should now call Mr Whyte the “Suave Bullionaire!”
http://scotslawthoughts.wordpress.com/2012/02/21/craig-whyte-gold-dealer-leavebritain-com-or-the-tale-of-a-suave-bullionaire/
Paul McC says:
21 February, 2012 at 01:31
This is getting crazier with each passing week.
Paul Mc:
These little “clerical errors” and “administrative mistakes” … are they illegal?
I see John Hartson has stated tonight that he is giving up Twitter. I wonder if it has anything to do with the response he got to this.
http://www.youtube.com/watch?v=2m6rN23mpWM&feature=youtu.be
The big guy is brilliant.
In just about 1/2 hour ago. Posted before I went out to a wee club that was/is a bastion of Hunnery. Defended NL and it was easy because they believe the papers and can’t confront/rescind any halfway coherent argument. I blame Catholic schools. I was to be at the Motherwell game this weekend until Mrs Ghadaffi informed me my 2 English grandsons were with us until this Sunday. As someone pointed out in a previous post, a Hun does not mean a Protestant. It’s a state of mind that allows no contradiction. Kojo, whom I bait now and again, signs off with a acknowedgement of past friends. I do so tonight in memory of Freddie Hall, one of the finest men I ever met, who died aged 27. I have my Mass cards. I forget sometimes. Then, when I pray, I remember Freddie, and I remember his wife who was carrying their child, and I remember her tears when we we talking about Freddie. I’m going to bed. I really don’t care about Rangers. They have had every advantage that any team could have. They don’t have love. That belongs to Celtic, and the people who have followed through every injustice imaginable.
The Bullionaire With A Thousand Faces.
Crag Wheat.
Craig Whit.
Cargo Whist.
Creag Whyt.
Carig Whitey.
ad infinitum
pigalle
Seen an earlier post by bunburyboy questioning the credentials of a new poster, for what reason one can’t really say (all I can come up with is intellectual snobbery as the gal was simply a mere mortal, like myself, who does not have eloquent prose to captivate the readers interest).
Which got me to thinking, I have never seen bunburryboy comment positively about Celtic, give his thoughts on team formation or the rangers (in administration) tax case mess. I have never seen him get involved in political discussions although something tells me he is either an SNP Tory or conservative Tory. I have never heard him give his thought on the tedious subject of the difference between words which are merely offensive and words which are sectarian.
No all his contributions to this site seem to be to shot people down, sometimes correctly, more often not. It makes one wonder about the old amateur psychology theory ” If one accuses others of constantly having some defect or something to be ashamed of it may be that they are displacing their own insecurities or imperfections onto others”. I would hope sometime he would actually contribute something other than mindless attack drone posts on new posters, to prove he is a worthwhile member of the blog.
Take Kojo for example, he has his views, totally at odds with mine but at least he always explains his position, albeit it with phony self centred logic but I appreciate someone who elaborates things and doesn’t just assume we are all mind readers or skilled in reading acronyms and long winded high faluting posts which only the most gifted amongst us can decipher and interpret.
We are all well aware that CQN has some highly skilled authors on it, as well as those in great know of business protocol or Uefa and FIFA guidelines and laws, but equally not every member of CQN can be expected to write with a proficiency of one with a degree in English Literature. The packaging of ones point should not become more important than the point itself and it certainly should not lead to ones point to be dismissed because they spelled a word incorrectly or because the missed a comma or wrote in an overly long drawn out manner.
So bunburybhoy next time you accuse someone of being a hun, please do so based on content and not style, its a world we live in where style has became more important than substance and the individual more important than the collective whole lets not fall into the post thatcher-reagan trap of neoliberalism nor the highly stylized world we now inhabit.
I know I am no James Forest or Serenity but I think my post was fairly interesting and well written (for me). Mabye Even interesting enough for Paul 67 to acknowledge it?
Snake Plissken says:
20 February, 2012 at 23:20
Oh Golly Gosh! Pretty much as had been predicted on RTC.
Cue excreta impacting with air-velocifying apparatus.
The Singing Detective why did you earlier on refer to us Lefties as “the great unwashed”? Or words to that effect. Firstly at Celtic us Lefties are in the majority and secondly rightwing triumphalism is not befitting of Celtic supporters. We are a club open to all, regardless of political persuasion and one based on charity and helping the disenfranchised. Secondly I’m all for meritocracy, Laissez faire capitalism and the military industrial complex does not deliver that, it delivers only death, destruction and the exploitation of the proletariat. Does any one really deserve to earn 1 million times more than anyone else? Did they work that much harder for their gains or have that much more ability?
And for all the people calling Peron a fascist how could he be if he wasn’t racist, made working in a union far safer than the fascist right wing juntas which preceded and proceeded him and genuinely wanted what was best for all people. He may have been tyrannical, authoritarian etc but so to was russia and Cuba, it did not make those regimes fascist. I doubt those far more in the know than myself would describe fascism as the appropriate label to give to Peron. He may not have been a nice man by any stretch of the imagination however as far as I am aware he never set to make one group of people superior or inferior to another, that is the main tenant of fascism thus he could not be a fascist.
He was probably a better and kinder leader for the working Argentine relative to his fascist predecessors and successors after all these things are relative. It seems if one is a Tory the would prefer the murderous Right wing Junta he replaced, cause Tory’s only believe dictatorship is wrong if its not a neoliberal monster at the wheel…..
The Singing Detective why did you earlier on refer to us Lefties as “the great unwashed”? Or words to that effect. Firstly at Celtic us Lefties are in the majority and secondly rightwing triumphalism is not befitting of Celtic supporters. We are a club open to all, regardless of political persuasion and one based on charity and helping the disenfranchised. Secondly I’m all for meritocracy, Laissez faire capitalism and the military industrial complex does not deliver that, it delivers only death, destruction and the exploitation of the proletariat. Does any one really deserve to earn 1 million times more than anyone else? Did they work that much harder for their gains or have that much more ability?
And for all the people calling Peron a fascist how could he be if he wasn’t racist, made working in a union far safer than the fascist right wing juntas which preceded and proceeded him and genuinely wanted what was best for all people. He may have been tyrannical, authoritarian etc but so to was russia and Cuba, it did not make those regimes fascist. I doubt those far more in the know than myself would describe fascism as the appropriate label to give to Peron. He may not have been a nice man by any stretch of the imagination however as far as I am aware he never set to make one group of people superior or inferior to another, that is the main tenant of fascism thus he could not be a fascist.
He was probably a better and kinder leader for the working Argentine relative to his fascist predecessors and successors after all these things are relative. It seems if one is a Tory they would prefer the murderous Right wing Junta he replaced, cause Tory’s only believe dictatorship is wrong if its not a neoliberal monster at the wheel…..
Sorry for double post browser messed up.
BADA BING – http://www.broadwaybox.com
great site
great week.
post of the week – Bar Linnie – I’m still laughing.
Runner up – Orange Aid :-))
Rangers chairman Craig Whyte resigns from three director posts in other companies so he can focus on running rangers… (into the ground)
Hi Paul, great site. Only complaint is that now that the huns are nearly dead and buried my wife lurks more than me. Cant keep her of the site.
She even sends me updates when I am at work. You have created a monster, not a dish been washed for nearly a week.
Keep up the great work, this site is a godsend for all us bhoys who no longer live in Scotland. I even wish I was back in the ‘dale’ so that I could enjoy their pain.
And if you’ve ever been to the ‘dale’ you’ll know that’s saying something.
Wifey as you are reading, get me a beer! And Clausy get yir hands oot i there, its a school night!
Let them die!
That Was The Week That Was
Administration intention announced on Monday, St Huno Day.
Administration FORCED on St Valentine’s Day.
Followed by worldwide celebrations and ice cream futures rising steeply.
The Rangers fans were strangely relatively subdued in their reactions, expecting that someone, anyone, would rectify the “situation” and restore the Govan Institution back to its rightful position.
Saturday’s expected “Last Night at the Proms” party was a wee bit flat when the conductor lost the musical score and the players lost their instruments.
Sympathy for the Devil was in short supply.
Sunday was a day in the park from childhood, game of footie
Sorry iPad posted prematurely. Repeated
That Was The Week That Was
Administration intention announced on Monday, St Huno Day.
Administration FORCED on St Valentine’s Day.
Followed by worldwide celebrations and ice cream futures rising steeply.
The Rangers fans were strangely relatively subdued in their reactions, expecting that someone, anyone, would rectify the “situation” and restore the Govan Institution back to its rightful position.
Saturday’s expected “Last Night at the Proms” party was a wee bit flat when the conductor lost the musical score and the players lost their instruments.
Sympathy for the Devil was in short supply.
Sunday was a picnic in the park from childhood, sunshine on Leith, game of footie, 2 change five the game, ring a rosies, ice cream and jelly.
Monday, Presidents Day here, was a holiday and a chance to take breath, finish off the leftover jelly, and contemplate the impending and inevitable liquidation event.
The death of a thousand cuts is progressing inexorably to a satisfying conclusion.
‘GG
Morning Celts whits happening?
Has there been new revelations on our agent Whyte?
V
HH
VOGUE PUNTER
==========================================================================================
ABSOLUTELY AWSOME POST :)
Meant to ask, is the Celtic game being televised on Wed?
Ta
V
Rangers? 2012? Pure Salvador Dali btw……
dirtymac \o/ says:
20 February, 2012 at 23:43
Clashcitybhoy says:
20 February, 2012 at 22:24
+++++
V interesting research & results (yes I should get out more!)
A couple of things:
Perhaps a better comparison than the leviathan EPL would be the Championsip v SPL?
What are the viewing figures & ratios?
What are the market penetrations?
What are the rewards?
I wonder also, if such stats are possible, what the Scottish viewing figures/market penetration are for the EPL/Championship.
Is there research to show likely Sky Sports subscription cancellation should SPL games be exclusive to a different platform?
I can’t deny I gorge myself on Sky footie but I pay only because I want to see Celtic. I’d cancel the package otherwise.
The problem for the SPL is I wouldn’t pay overmuch for an SPL only platform.
Final word before sleep.
Well done Oscar
‘GG
Knoxy2000 @ 23.02
Brilliant news mate. Hope the wee man is enjoying copious amounts of jelly and ice cream.
Good morning friends and colleagues from a damp, dreich but very mild East Kilbride.
Happy Pancake Tuesday! Was never quite sure what a shrove was.
Jobo
.
Potential for Old Firm title decider leads to police talks
Published on 21 February 2012
Martin Williams
STRATHCLYDE Police will hold talks with the Scottish Premier League over next month’s Old Firm clash, which could now result in Celtic becoming champions.
Neil Lennon’s team are 17 points ahead of Rangers, who were docked 10 points following owner Craig Whyte’s decision to put the club into administration.
With only 11 games left to play, the force is preparing itself for the possibility Celtic could lift the title with an away victory on Sunday, March 25.
A police spokeswoman would only say yesterday that its plans for the match were going ahead as normal. She added: “We are highly experienced in dealing with large events and as such any football match will be policed appropriately.
“There’s always talks with the SPL and the SFA over the policing of football matches, that is a matter of course.”
Police have ruled out moving the fixture to a neutral venue.
The Parkhead club could wrestle the title from Rangers –for the first time at Ibrox since May 1967 – if they remain unbeaten and their Old Firm rivals drop two points.
Rangers play Inverness away, are at home to Hearts and are away to Dundee United before the Old Firm fixture.
Celtic play Dunfermline and Motherwell at Parkhead and then Aberdeen at Pittodrie.
The league has previously tried to ensure the teams meet each other as early as possible after the top-six split in April to avoid one of them celebrating a championship win at the other’s ground.
It followed the head injuries suffered by former referee Hugh Dallas, when Rangers won their 10th league title in 11 seasons at Parkhead in May 1999.
He was struck by an object thrown from the stands in a game where 113 people were arrested.
An SPL source said: “We wouldn’t want to speculate on the significance of this game.
“It is hypothetical that this could be a title decider.
“That match is a month away and there are still a lot of games to be played.
“We have regular meetings with the police and the club ahead of Old Firm games.
“That will be the case as usual.”
Five Rangers fans were arrested at Saturday’s 1-0 defeat against Kilmarnock, including one for a sectarian breach of the peace.
Two others were arrested for regular breaches of the peace and two for alcohol-related offences.
The arrests followed reports of sectarian chanting and singing at the ground during the Scottish Premier League game the club lost 1-0.
Police said one of those arrested appeared in court yesterday while the others received a fixed penalty or were released on undertaking to appear at court.
The SPL was awaiting a match report into the behaviour of fans and has sanctions to hand if rules are found to have been broken.
This may include a financial penalty on the already struggling club.
An official announcement about Rangers going into administration and the appointment of the club’s administrators Paul Clark and David Whitehouse of Duff and Phelps is published in The Herald today
Summa
Just had a very brief scroll back there and read the news from Knoxy2000 regarding wee Oscar. A brilliant start to my day! Hope that it’s all good news from now on.
By the way, was in Sainsbury’s last night and they had a wee sale on certain houshold items including 70% of a liquidiser. W as sorely tempted but managed to resist.
Jobo
philvisreturns says:
20 February, 2012 at 17:54
You’re definitely a product of the Thatcher era……
Over 40 years of Tory spin aided and abetted by a compliant Tory media has portrayed union activity as something shameful and something that undermined the nation. I found it somewhat ironic when I read last week that journalists from the SUN are flocking to join/rejoin the NUJ following the arrests of their colleagues.
I’d just point out the bulk of the increase in household income over the last 4 decades is down to the contribution of working wives and mothers, God bless them.
http://www.bbc.co.uk/sport/0/scotland/17095027
Read earlier that Charlie was keen on a Scotland gig.
Congratulations to our fellow Tim,Charlie.
You`re having some season,son.
.
Well Done Wee Oscar..
001Bhoy
Good morning fellow Celts from mild North
Hampshire
Paul67 interesting view on redundancy plan at poundland. Makes one wonder if there are funds available to continue to pay high end wages, why not pay Paye and Nics as it falls due? It defies belief that these guys are still walking the streets.
Dignity? I’ve worked for ex market traders with more self- respect when it comes to paying taxes ;/)
HMRC unlikely to fall for such obvious provocation
Keep the patient alive for the big decision guys
PS glad my mum showed me how to make Jelly
Mums are the biz!
HH
M
Top of the morning to you all from a very mild Fife.
Just when you think it can’t get any funnier something else turns up and proves that truth is indeed stranger than fiction.
The latest revelations on Scots Law Thoughts certainly make interesting reading: http://scotslawthoughts.wordpress.com/2012/02/21/craig-whyte-gold-dealer-leavebritain-com-or-the-tale-of-a-suave-bullionaire/
Top marks for Paul McConville and Billybhoy68 for exposing the latest exclusive on the MBB, they now join Paul67, RTC, Phil, etc in the pantheon of Celtic sleuths who have helped expose the Rangers myths that the Lap Top Loyal won’t touch.
Shady Gold Bullion dealers with company names one letter away from legitimate businesses of that ilk seem just the sort of adventures that our hero might get involved in. And all the while the permutations of the name Craig Thomas Whyte/White grow.
Putting my tin hat on I have to say that I still have faith in Craig Whyte.
I am sure that some of the bad things that are being written about him are just muck-raking by those who are green with envy when they see the Monaco-based billionaire take his latest beautiful busty blonde to the directors box at Ibrox.
Envy is a terrible thing but what Craig’s detractors don’t see is the years of hard work that has gone into creating a billion dollar business.
Anyway if I am wrong and the GEF is in fact a crook it is going to take years, and years, and years, and years, and years, and years for the courts to unravel and establish this fact.
I may be a naïve old fool but I do hope all of the bad things they are saying about Craig aren’t true.
The boy done good.
Has there been any confirmation if the match observer (cant remember the proper term) at Ibrox included any reference to sectarian singing in his report?
Greetings.
I was just thinking about all the “Celtic need Rangers” tripe that has constantly been levelled at us recently,and the threat of Sky TV money being dependent on us playing the huns four times a season.
The fact of the matter is this – Celtic FC,along with the huns,only receive a paltry £1.2million per year from this Sky mob,(not sure about how much revenue we get from ESPN)and all the other SPL clubs only generate £800,000 each.Now,i am no good at maths,but in my opinion,our club is being well stroked by these Sky TV chancers.And to rub salt into the wound,they are now trying to blackmailing us into believing that we must carry the hun with us,in order to get our share of the peanuts on offer!!
It’s incredible,in my opinion.I mean how many Celtic supporters subscribe to these channels? There must be at least 100,000 of us?For a club with as big a club as Celtic is,with our huge world-wide fanbase,to only earn £1.2million per year from that contract is a scandal.It’s sickening.
What is the alternative? We go it alone,and start up a Celtic TV channel,showing all our games live,along with a package including games involving the other SPL clubs.
Surely Celtic can attract at least 100,000 subscribers to our own channel(as well as at least 10,000 pubs and clubs world wide)?
Say we charge £20 per month subscription fee – that would be 100,000 x £20 per month,which works out at £2million per month,from individual subscribers alone and that equals £24million per year.(pubs etc.would be charged more).It could easily generate £30million per year.
What about the other clubs? We take away the costs of running the channel,and share the rest of the money equally with the rest.Any revenue generated through advertising – we keep it all.
Apologies for going on a wee bit.It’s just a thought,perhaps some of the more intelligent posters could give us their thoughts and opinions with regards to this matter? The pros and cons,so to speak.
Thanks.
Someone gave me a call yesterday and told me to listen back to jabba’s your call from Saturday .
Sounds as though Jabba still needs his ration of succulent lamb and sounds like wee chick has jumped into GS empty seat at the masters table .
Not one single condemnation of DM tenure ,in fact it’s the complete opposite .One caller Frank outs them totally 46mins in .
Jabba’s rant at the end of Franks call has to be heard to be believed .
http://www.bbc.co.uk/i/b01c6c46/
Good morning one and all
A good friend just texted me the following from sky spoorts news re: the rangers administration process:
It is now believed there is £33 million missing from ibrox accounts between ticketus money and tax owed
AND strathclyde police have new evidence which THEY CANNOT COMMENT ON!!!!!!!
sorry if this is old news but
hmmmmmmmmmmmmmmmmmmmmmmmmmm!!!!!