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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amadeus says:
21 February, 2012 at 10:44
Check his blog.
Actionable, I would humbly submit.
I have just read Leggats blog there.
I agree there might be a court case that Leggat might have to attend. Disgusting stuff
amadeus says:
21 February, 2012 at 10:44
Check his blog.
Actionable, I would humbly submit.
a lot of posts to wade through mate a wee guide would be a help ..
Paddy Gallagher says:
21 February, 2012 at 10:49
The Lion that is Celtic seems to be patiently watching and listening to the death throw at Ibrox.
Have to wonder if their preferred bulls eye is more SFA than RFC.
Succulent Mutton.
share
please let it be so . Then media house .
hail hail
jimtim.
31003 says:
21 February, 2012 at 10:45
Have already texted Vmhan this morn to tell him to shut it,
don’t you keep it going. :O)
paddy g
yep…my thoughts exactly here.
the sfa have been involved with rnkers
pretty closely re registrations for players
and the registration for their euro failures.
the end is coming for the scumbags
and once it goes through their system
it’ll follow through on the sfa if you catch
my drift ;-)
uefa and fifa know the rules and will also know
when they have been infringed by an association.
the penalty though will be on scottish football overall and this
will be our cue to move to EPL
the wheels are turning…you heard it here first.
PL doesnt go to chelsea games for a laugh ;-)
Amadeus – can you post the gist of Leggats blog ? I don’t want to give the lunatic the hits.
amadeus says:
21 February, 2012 at 10:44
Dearie me….
The huns get the writers they deserve…
celticlegends says:
21 February, 2012 at 10:52
amadeus says:
21 February, 2012 at 10:44
Check his blog.
Actionable, I would humbly submit.
I have just read Leggats blog there.
I agree there might be a court case that Leggat might have to attend. Disgusting stuff
share
any linksto leggats glog mate .
amadeus says:
21 February, 2012 at 10:44
‘Check his blog.
Actionable, I would humbly submit.’
The comment about Speirs?
Nobody’s going to sue Leggat. Only the deranged believe anything he says. It would be like wrestling a pig. The pig enjoys it and you end up covered in crap.
31003 says:
21 February, 2012 at 10:45
This very morning I ordered a gilt framed signed copy of that post for Mrs G’s birthday. No 17/500. :-)
LiviBhoy says:
21 February, 2012 at 10:52
Who was it that said never interrupt your enemy whilst they are making mistakes?
The press conference from Neil Lennon the other day was very interesting. I think Celtic have an inkling this was happening last year with the 3rd party payments.
Celtic are playing this beautifully!
LB
,,,,,,,,,,,,,,,,,,,,,,,,,,,,
2010 Never Again
….and have been for some time with more than a little help from “The Unseen Fenian Hand”
Leggo casting aspersions on Tweedgusset.?
Just a wee bit of Bear on Bear action . Hundom is eating itself .
Sit back and enjoy.
The Battered Bunnet says:
21 February, 2012 at 10:37
Rogue
Gordon Smith was CEO of the SFA for 3 years. He knows the registrations framework inside out. He’s got friends in every town and village from here to the Sudan. He speaks a dozen languages, knows every local custom, he’ll blend in, disappear, you’ll never see him again.
———————————————————–
TBB, you paint wiggy as an almost Jason Bourne like
character,instead of the born liar chancer,he really is .
tomtheleedstim says:
21 February, 2012 at 10:50
Hen1rik – story is doing the rounds again this morning but looks like a little more substance to it today.
Looks like the mainstream press may have their teeth (I know) into it.
Cheers matey, i did lol there when you mentioned MSM.
Regrettably, I won’t repeat his words.
If he has said them, then I doubt a few more hits will make much difference.
Paddy G
Peach :O)
Seven fishes four steak
@0952
That tickle me, coffee all over the laptop and clean shirt required
Mtt
Paddy Gallagher says:
21 February, 2012 at 10:59
Great Idea……n here’s another…..surely Paul67 is able to recognise magnificent posters by….lets say….enabling their moniker to be highlighted in GOLD….that way any new poster would know that they were in the presence of greatness and could tug their forelocks (I said forelocks) and/or courtsey when corresponding with the great man…whatdya say Paul67?
Sorry if this has been posted already.
Dani Gravelli Scotsman features journo 21 02 12
‘Last week Whyte launched legal action against the BBC for alleged defamation.’
I think this is just old news being regurgitated, has anyone else got info he has reopened his case against BBC ?
Scotsman piece Pancake tuesday nothing much new in it.
31003 at 11:06
Great Idea……n here’s another…..surely Paul67 is able to recognise magnificent posters by….lets say….enabling their moniker to be highlighted in GOLD….that way any new poster would know that they were in the presence of greatness and could tug their forelocks (I said forelocks) and/or courtsey when corresponding with the great man…whatdya say Paul67?
Already done, your moniker turns green if you are one of the chosen few.
Mort
Re the Huns and their dodgy players registrations. Please please please, make it so. Minus points wid be fan TIC tastic!
Also it wid be a great retort to Huns who believe they’ll come out of Administration >>>>>>>>
‘well, whatever happens you’re sh@te and YOU ARE GOING DOWN”!
haha
mypoorsidesCSC
p.s got two jelly and ice cream t shirts now! (Thatcher and the Huns).
GEF does tell the truth occasionally. One of the first things he said when taking over Rangers was “I don’t know anything about running a football club”. Bracingly honest I thought.
Also, as evidenced by GEF’s history with his massive portfolio of companies, he doesn’t really “do” attention to detail, governance, compliance or anything much beyond leaking money and stiffing creditors.
He clearly gambled on the Big Tax Case drowning Rangers such that piffling details of ownership, funding, player registration, asset management and corporate governance would be forgotten and deemed irrelevant once HMRC got their teeth in.
He reckoned without the need for Murray and co to not be seen as the ones who took them down – hence the press scrutiny – this is all about protecting Murray and pals, as well as some misguided loyalty to Rangers, for whom it may be too late. Forget the money – this could get life limiting.
HH
TLK
CMON THE CELTIC
31003 says:
21 February, 2012 at 11:06
Paddy Gallagher says:
21 February, 2012 at 10:59
Great Idea……n here’s another…..surely Paul67 is able to recognise magnificent posters by….lets say….enabling their moniker to be highlighted in GOLD….that way any new poster would know that they were in the presence of greatness and could tug their forelocks (I said forelocks) and/or courtsey when corresponding with the great man…whatdya say Paul67?
share
************
Brilliant!!
Or posters getting stars after their monkier up to a maximum or five, but if they get caught cheating then obviously their stars are repossessed?
voguepunter says:
21 February, 2012 at 11:02
It’s a quote from Indiana Jones. If you have seen the film it’s a great analogy.
LB
starry plough says:
21 February, 2012 at 10:59
Likewise, I have had the misfortune of stumbling on his blog before. I suppose he is a good writer and can express himself, I could feel the absolute hate when reading his words.
I can´t (well I can) believe he was a main stream journalist in the scottish press. Does anyone know why he got canned?
Paddy Gallagher at 11:14
Or posters getting stars after their monkier up to a maximum or five, but if they get caught cheating then obviously their stars are repossessed?
Great idea.
Mort
amadeus – if you are talking about the section relating to Spiers’ sympathies then that is not actionable. As I am sure the PSA will have screenshots to be able to mount a defence of veritas from Spiers’ Twitter account
LiviBhoy says:
21 February, 2012 at 11:15
Have seen the film,what’s it about,guy running around like a maddy,
much prefer ‘ A room with a view’ kwality.
RogueLeader & amadeus – Does he actaully name Speirs by name?
voguepunter says:
21 February, 2012 at 11:20
The quote from earlier was used to describe a guy in the film who was actually hopeless. I’m way to much of a film geek!
LB
Who needs to go to school?
This place is an education.
That Leggat is the perfect example of how a mix of bigotry,idiocy,hatred and alcohol can leave you as ugly on the outside as you are on the inside.Only the most rabid of hun would even contemplate accepting his ditties as being worthwhile.Complete and utter trash,the musings of a borderline lunatic.The peepil indeed!
FOREVERANDEVER!!!
voguepunter says:
21 February, 2012 at 11:24
School is for the basics. Your education starts when you leave.
It’s like driving. Once you pass your test the learning begins.
LB
KJamBhoy – he has a wee obsession with Mr Spiers. He has a pet name for him. Odious Creep. It is all rather sad actually for the PSA.
Talking about movies, why is it that Whytie’s involvement with the huns reminds me of The Producers?
Serious question: Has Sir David Murray performed any miracles. One for sure is coming over the hill. So we need to find two more. Signing a Catholic for Rangers. Ok one to go
I think once Sir David has been stripped of his knighthood then beatification and canonization will surely follow.
St. David Murray ..who´d have thunk it
new article posted.
LiviBhoy says:
21 February, 2012 at 11:26
Who needs driving lessons?