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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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1,072 Comments

  1. The Celtic fans should have a whip round and search deep into their pockets to help out our needy neighbours to help keep their sad players in a job HAR HAR.

     

     

    This would then take away another excuse for them that THEY HAD TO sack players thus ensuring Celtic won because of !.

     

     

    Not only will it be hard for them to swallow but another kick into the dying beast needing medicine and they know it.

     

     

    Was thinking of making a T-shirt with 13 in a row and underneath it “by debtfault” ? just a thought !.

  2. The Battered Bunnet on

    Philvis

     

     

    Gosh, think I’ll let you run with that one on your own.

     

     

    Also think that the raft of equalities legislation in the ’70s started a process of change that you might have overlooked in your analysis.

     

     

    What Thatcher ‘achieved’ was the closure of many workplaces that had sustained the attitudes you referred to. I rather think this was something of an unintended consequence rather than a preconceived objective though. Ol’ Tom Devine would be a good fellow to ask. He has ‘added value’ to our understanding of many of these issues.

     

     

    You are entitled though to point out that the Egalitarian principles of Trade Unionism were infrequently brought to bear on the issue.

     

     

    TBB

  3. Voguepunter

     

     

    Stunning article, respect

     

     

     

    Just heard a rumour that may have been on here before, so apologies if it has.

     

     

    McGregor and Davis have signed contracts with Wavetower and not the club.

     

     

    If true would lead to all games played being forfeited 3-0

     

     

    anyone else heard this

     

     

     

    HH

     

     

    Mike

  4. Old Als / Voodoo economics mentalist / Ayn Rand fanatic @ 17.34

     

     

    You really are clutching at straws trying to blame the unions for the discriminatory employment practices of corporate Scotland. It was divide and rule by the bosses that started it and it was a jobs for the boys culture that carried it on.

     

     

    To try and suggest that any progress was down to Maggie is laughable in the extreme given the background of Tory / Unionist support in Scotland and the fact that they played the Orange card up until the early 90’s – Kincardine and Deeside by election if my memory serves me correct.

     

     

    She was totally into the OES / Flag waving routine and offered nothing to try and mature the political discourse in any part of the UK. When you grow up I hope that you will be able to tell the difference between right wing mentalist propaganda and reality.

     

     

    Your post suggests that you have only started out along that road.

  5. Paul67 and John in Belfast…

     

    Have you developed some new fandangled hunfiltration system?

     

    I thought the blog would be under attack by now…

     

    More power to ya!

     

    HH

  6. ibleedgreenandwhite1 on

    bunburybhoy says:

     

    20 February, 2012 at 17:51

     

    Paul67 and John in Belfast…

     

    Have you developed some new fandangled hunfiltration system?

     

    I thought the blog would be under attack by now…

     

    More power to ya!

     

    HH

     

     

    _______________________________________________

     

     

    Dont speak to soon m8 lol :D

     

     

    Hail hail

  7. What is the Stars – The revolutonary peoples popular front of coatbridge are gonna get ya

     

     

    I’m not suggesting we name a stand after Mrs Thatcher at Celtic Park. That would be going too far.

     

     

    However, I think the least we could do would be to erect a statue.

     

     

    Perhaps incorporating her favourite quotation from St. Francis of Assisi? (thumbsup)

     

     

    ***

     

     

    Che – Thank you.

     

     

    Re: the dole queues.

     

     

    They were indeed a national tragedy.

     

     

    However, people often speak of them as if Mrs T’s government had passed a “Sack People For No Good Reason Act”. As if she wanted to court unpopularity or somehow wanted to sack people, possibly because she was a baby-eating, shape-shifting reptilian monster (as we know all Tories are).

     

     

    In truth, there was little alternative to making painful choices in order to reverse the decline of the country. Nationalised British industries had largely become pathetic basket cases making products nobody wanted to buy. They were sucking the lifeblood out of the country in more ways than just financial. Mrs Thatcher simply refused to continue subsidising them, which is the only long-term option that could have been taken by the British State.

     

     

    She could have opted for a quiet life and kicked the can down the road just as Heath and Callaghan and others before them had done, but that would have been a betrayal of the courage and conviction that brought her into politics in the first place.

     

     

    We could do with more like her. Instead, we have pathetic jelly-men running our country now. (thumbsup)

  8. Ghuys ghuys,thanks for the wind up.

     

    A couple of years ago the excellent James Forrest

     

    wrote a piece on here regarding putting the huns

     

    under pressure and happened to mention’the other

     

    guy just blinked’ a couple of days later the huns

     

    dropped points.

     

    I came on next day and posted ‘the other guy…etc.

     

    A minute later some madman posts “you stole that

     

    from JF” WTF says I ,will not make that mistake again.

     

    Until today :O) A big hail hail to all my fans.

  9. bunburybhoy says:

     

    20 February, 2012 at 17:51

     

    Paul67 and John in Belfast…

     

    Have you developed some new fandangled hunfiltration system?

     

    I thought the blog would be under attack by now…

     

    More power to ya!

     

    HH

     

     

    I believe it may have been Andy in Belfast

     

     

    gsu

  10. He should have known. He should have known that in his haste, fate would conspire to mock him. Find the time to hurt him so. But that it was his hotel room carpet and a weak, wintry sun? That these seemingly innocent things could add up to his hubris manifest? It seemed almost painfully karmic. A distant sun and a 90% wool carpet…

     

     

    Craig Whyte’s choice of hotel room was at best happenstance. Cobbled together on the run. In more ways than one. Not too flash. Not that he was ever too flash. But not too cheap. He didn’t consider himself a man who could be construed as cheap. A Monaco/London shuffle had fooled the trailing pack. He had chosen his exile well. Or so it seemed.

     

     

    Had he noticed the carpet? He thought now he must have. Had he registered the shade of green? Possibly. But again, possibly not. He was pleased with the room. Pleased with its aspect.

     

     

    Until fate visited like a chimera the first morning.

     

     

    He lay, bleary eyed, watching a loop of himself on Sky Sports News. Out of the car and to the door. Out of the car and to the door. Out of the car and to the door. The winter sun was high and bright. And sore on his eyes. He made towards the bathroom only to notice that the sun cast four pure white swathes of light across his hotel room floor. He froze. Caught in the grasp of anxiety. His room turned at once into a leviathanic Celtic strip. Hooped. A scarf larger than the man himself, dwarfing him. No solace and no heat in this sun. His winter all around him and his woes shared only by an emblematic totem. A green line met by a white line met by a green line met by a white line…

     

     

    The cleaner in room 274 was first to hear the screams.

  11. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Kojo,

     

     

    Even if hun FC 2012 were to win the league they wouldn’t be allowed to compete in Europe as they still would owe tax.

     

     

    HH

  12. Hi Paul,

     

     

    Great performance yesterday – great result, there was me thinking Lenny was being tongue-in-cheek when he was talking about winning on goal difference:-)

     

     

    “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.

     

     

    These administrators don’t fill me with confidence, when the chap started the pressie last week my first thought was where’s Phelps when you need him?

     

     

    They need to get hold of this Rangers Group – RFC relationship, if Craig Whyte is drip feeding the Club the question MUST be asked with what money? This situation allows him a control the administration/liquidation process which should rightly rest with Mr Duff and chums.

     

     

    Obviously I’m not going to accuse them of recieving stolen cash I don’t believe any such accusation has been made, but there has been the odd question mark against the MBB’s financial practises and the SFA are (eventually) conducting enquiries into Rangers and their articles of association as well as a Craig Whyte’s fit and proper person test.

     

     

    The Administators must ensure these monies are Whiter than Whyte.

  13. The Battered Bunnet on

    Philvis

     

     

    Barbara Castle would be a little knarked at your last comment, not to mention those from the many communities who were effectively excluded as a direct result of the strategy she adopted.

  14. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Malorbhoy,

     

     

    Fully intend meeting up with JC my step father is a Hamilton man so I will bring him with me. Yup I know JC is a blantyre man ;-)

     

     

    HH

  15. Philvisreturns

     

    I had a discussion along similar lines yesterday at a baptism where a couple of friends/workmates were talking about wanting M.Thatcher dead.

     

    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. They were breeding grounds for anti-Catholic sentiment. They were extensions of the orange lodges they all belonged to. We were detested in all forms and there was no such thing promotion for any RC’s. There were areas underground that were clearly marked as no go areas for RC’s!

     

    From what I was then told, it was similar in the steelworks, but maybe not as bad as the mines.

     

     

     

    SPF

  16. Here’s hoping there’s a big crowd on Wednesday, these are special days as we close in on the 1st title in 4 years. We need to show the team how much that’s appreciated.

  17. The Battered Bunnet – I’m not saying Mrs Thatcher took on the unions for the sake of Scottish Catholics.

     

     

    She probably had little understanding of the sectarian situation in Scotland. Most English people don’t realise how bigoted Scotland can be, unless they move there.

     

     

    However, as a Methodist whose closest allies included Jews and Catholics, as a woman who broke through prejudice and discrimination to become the first female Prime Minister, as a woman who fervently believed in people being able to advance themselves through their own merit and hard work, I think she’d have been horrified at the routine anti-Catholic discrimination in Scottish workplaces.

     

     

    You are entitled though to point out that the Egalitarian principles of Trade Unionism were infrequently brought to bear on the issue.

     

     

    Yup. I get the sense they were much more keen on railing against inequality in Rhodesia / South Africa / Palestine, than they were on doing anything about anti-Irish Catholic discrimination at home. (thumbsup)

  18. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Note to night shifters.

     

     

    Maggie McGill has a lucrative one week stint at a lap dancing club in Amsterdam and will probably not manage to be on much this week.

     

     

    We meet up on Friday and we are going on a huns are deed 2 day bender.

     

     

    I will try and coax her on for Friday.

     

     

    HH

  19. Teuchter ár lá says:

     

    20 February, 2012 at 14:28

     

     

    montreal_bhoy

     

    GMcL…..any help?

     

    TAL

     

     

    Wee Gert indeed. I was in school with him (St Stivs, the Port), travelled to Parkhead on the Largs CFC. I will ask Paul to forward my email address that you might pass it on to Him.

     

     

    HH

     

    SmallworldCSC

  20. I’m sure I just heard Keevins describe the Hvns game without mentioning the sectarian chants. Amazing

     

     

    As I type this he has just added that there was regrettable singing at BOTH our game and IPOX.

     

     

    astonishing hunguffery by this weasel.

  21. Scotpatsfan – Don’t forget the shipyards.

     

     

    Re: the steelworks.

     

     

    My uncle, a Church of Scotland Protestant, managed a large metals plant in Glasgow for most of his career.

     

     

    According to him, it was rife with anti-Catholic bigotry when he joined in the 50’s, and the worst offenders were the shop stewards. New employees would be accosted by existing workers, demanding to know what lodge they were members of, what school they went to, and whatnot.

     

     

    He had to face down threats of physical violence when he decided to hire some Catholics. (thumbsup)

  22. Keevins just excused the poisonous chants at ibrox as being cancelled out by EQUALLY

     

    bad chanting by celtic support on sunday

     

     

    he is a bas b*****tard

     

     

     

    HH

     

     

    MM

  23. Help please.

     

     

    I have a feeling I might just be the 1millionth person to ask, but, How is it I get an email to Paul67.

     

     

    Thanks in advance.

     

     

    HH

  24. The Prince of Goalkeepers on

    Bhoy67 says

     

    20 February, 2012 at 18:11

     

     

    Its inevitable that even one chorus of “oo a up the ‘ra” from Easter road yesterday (and it came after 3 minutes) would be used to even things up…”they’re as bad as each other”

     

     

    Just how stupid are some of our away supporters?

  25. ST Als / voodoo economics mentalist / Ayn Rand fanatic @ 17.54

     

     

    You know absolutely nothing about the politics or economics of the 60’s / 70’s / 80’s.

     

     

    TH was fire and brimstone when he started in the 1970.

     

    Unfortunately he was old school and bottled it when unemployment hit 1mill.

     

    Then it was the Barber boom and the inflation pulse it generated.

     

     

    Maggie is and was a cold hearted mother hater who lived the sparse and cold life associated with small shopkeepers from the East Midlands.

     

     

    Her high interest rate / high pound policy butchered private manufacturing from 79-81, and we have never recovered no matter how cheaply she and Sha**er sold sentient beings to inward investors in the 80’s / 90’s.

     

     

    Regarding nationalised industries, she poured money into BL to stop them closing plants in the West Midlands between 79-83 to shore up the support and the seats she had gained in 79.

     

     

    Compare and contrast this with the investment and re-organisation put in by HW / JC after the BL collapse.

  26. Just saw a report on the news on the trial of those alleged of sending bombs to Neil Lennon, Paul McBride and Trish Godman.

     

     

    The crown has apparently dropped the religious aggrevation element of the charge. Do they fear another Edinburgh jury result?

  27. seventyxseven 'gelee et glace' on

    Phil

     

     

    I’m a lurker on Scottish Socialism site. Interesting. The subject of Independence came up a few days before Alex Salmond’s ‘fabric’ speech. The blog at that point is all about Scottish history etc.. Salmond’s comments then turn the blog to the subject of sectarianism.

     

     

    There are comments about Catholics in the past being sacked or laid off, turning to their unions and being flung deafies.

     

     

    (OAN, it is stated that Salmond deliberately chose 2014 for the referendum coz its the 700th anniversary of Culloden – thus appealing to the less discerning voter who would see Braveheart as historical fact. I’d imagine there might be a fair bit of anti-English sentiment around then.) i.e. He is no stranger to ‘scraping’ for votes even if it damages other sections of the population.

  28. TheOriginalSadiesBhoy on

    Has anybody heard a story that certain Rangers players when they renewed their contracts (Davis, McGregor and Whittaker) signed them with CW’s company which then changed its name to Rangers something or other. The point is apparently that these players were not registered with Rangers FC but are apparently assets owned by Whyte’s company.

     

     

    The story has it that this is known to sections of the media and it is illegal for Rangers to play these players. Games in which they featured may be declared null and void with their opponents awarded a 3-0 victory. I have been told that Bookies are refusing to take bets on RFC being relegated as this would surely be the outcome after any inquiry.

     

     

    I don’t know if this is hokum or not. Has anyone else heard anything about this? The source of it is said to be the Vanguard Bears website !!!!!!

  29. That 60s “second” strip, white, with green collar, sleeves and shamrock, should be brought back. Best Celtic jersey ever, apart from the mighty Hoops. I might change the shamrock for a Celtic Cross or club badge. Much better than your modern rubbish, like the current black and yellow effort we were wearing yesterday.

     

     

    NostalgicCSC.

  30. I have said consistently that I hope Rangers keep an in-tact squad. Unfortunately they lost Jellyfish (they would probably have been liquidated if not I suppose). They must have no excuse.

     

     

    Of course they will have excuses ready. But I don’t want them to have real ones.

     

     

    Let them keep their team until the end of the season. I enjoy beating cheats who are fielding players they haven’t paid for and don’t intend to pay for.

  31. The Prince of Goalkeepers says:

     

    20 February, 2012 at 18:16

     

    Bhoy67 says

     

    20 February, 2012 at 18:11

     

     

    Its inevitable that even one chorus of “oo a up the ‘ra” from Easter road yesterday (and it came after 3 minutes) would be used to even things up…”they’re as bad as each other”

     

     

    Just how stupid are some of our away supporters?

     

     

     

    No doubt you sre correct, we do not help ourselves,

     

     

    But the two things are not the same, we do not abuse anyone because of creed or colour.

     

     

    Ibrox was an anti catholic jamboree and any political signing by celtic fans is on a totally different level of offence

     

     

    HH

     

     

    Mike

  32. The Prince of Goalkeepers on

    Bhoy67 says:

     

    20 February, 2012 at 18:11

     

     

     

    700th anniversary of Bannockburn? ;)