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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Hi Everyone,
Today I received some info that the five-year contracts signed by the likes of Whittaker and McGregor are with the parent company, Rangers FC Group (ex-Wavetower) not RFC PLC. If this is true, that would break SPL rules on third-party ownership. This could potentially mean that Rangers would lose every point they’ve won this season with “unregistered” players in their team. As a result this would put them on -10 points. Apparently this info came from an ex-Rangers player who is still involved with the club!! Not sure if anyone else has heard this one?
HH
Tories, Tartan Tories, Labour supporters, Unrepentant Fenian Basta*ds, Poppy loving Brit apologists, Anarchists and people who just don’t give a flying feck about politics this is why i am addicted to this blog- Every colour of the rainbow including an azure (rather than royal blue) represented here but with one common denominator WE ARE CELTS.
Where are all the ranjurz fans on SSB? Kevins ‘reluctantly reports bigotry at Ibrokes and bigotry at Easter RD. If you want it to end, let them go!!!
Philvis
Maybe she regretted some of her past policies. She was onto a loser. She wanted peace to protect old holborn and the city after the IRA targeted London city and that impresses you ?
Yukky yuk yuk
But thanks for the coffee table pschology… It’s up there with your grasp of history and politics.
HH
Whytey os a throwback to the old thatcherite asset stripper of the 80s deregulated financial climate- those who play casino capitalism must have an unerring grasp of odds- this whole situation is a calculated wager for him. In many ways- probably from a purely brutalist financial perspective he has played a blinder- but business judgement is not wisdom. There are so many variables he forgot to compute into his calculation. He is the archetypal asset stripper- repackaged, remodelled & reclad for the 21st C- a gecko om stilts; his shotgun capitalism is wall street on crack. Whyteys shame is titanium. It is multideflective and impenetrable- the hardest material in the universe? In fact when the old heat death kicks at the end of the universe ala big crunch time whyteys shame will survive like a big bulbous eye. Nonetheless he is our antihero extrordonaire. It is the “special” nature of their “institution” that allowed him to waltz up the marble staircase like a poker faced trojan horse…leaving moonbeams murray holding his sick bag and the incorrigible whytey with the swag bag…
philvisreturns:
Don’t even get me started on absolute poverty versus relative poverty, cause you know full well that relative poverty is the starting point for any debate. Of course living conditions have improved. Technology has done more to do that than any other factor, and you know that too. You are full of it.
I don’t care what kind of mother Thatcher had. Or what kind of upbringing was hers. Her policies brought untold misery to enormous swathes of this country. She ruined entire communities, destroyed lives, changed the soul of the country into a very “me” oriented place and, especially after she started to believe in her own press, became the total anthithesis of what a responsible leader should be.
I do not care whether she was trying to make up for the father she could barely remember, or over-compensating for being a woman in a man’s world. At the heart of Thatcher there was, and there remains, something fundamentally immoral, perhaps even evil. The sinking of the Belgrano, just to assure she got her war, the war the bloodlust inside her was crying out for, the war her self image needed, the war she required to get re-elected and to lift herself up onto the same stage as Reagan, was act befitting a creature of the Devil … and yes, I believe Blair was cut from the same cloth.
It amuses me that these days she is a doddering old coot who can barely remember how to wipe her own backside, let alone what life was like at the height of her pomp and power. That will give me succour until she finally dies and takes up her stinking, festering hole in the darkest debts of Hell, where she came from, and ultimately where she belongs.
This repellent creature, friend of the mass murderer, mother of criminals, mistress of lies, wallower in darkness, represents everything that is horrible in the modern age. When she is gone, I will celebrate the departure of a great evil from this world. Having read many of the books written by her, having read the two she wrote, I do not see a woman who cared about a living soul, a woman so wrapped up in her own warped view of the human condition that she was wholly unsuitable for the assumption of power. If we could screen our leaders many of them would not get nears the gears, far less put their hands on them, and their patron saint is this shrieking hypocrite, who deserves no sympathy and will earn no forgiveness.
May she rot in Hell when she goes. And she will.
Philvisreturns, although I do not share your admiration for the Blessed Margaret, you make a valid point about her attitudes to Ireland. She was not a bigoted hard-liner. I well remember her being burnt in effigy by unionist demonstrators after she signed the Anglo-Irish agreement.
As a Tory Celt, you may be a rare species these days, but I wonder how rare historically. I have a strong suspicion Sir Robert Kelly was not a socialist. To be honest I have my doubts about MON as well……
Gordon
I share your view – undoubtedly that would have spurred them on.
However, I anticipate it does not feature simply due to a lack of evidence.
Having said all that, I am just amazed that at the time the packages were sent, there was still a Royal Mail. Apparently, the lack of tax revenue has adversely affected its revenue streams.
Where do that lot think they are? Greece?!
philvisreturns
just for you,,,,,
http://www.youtube.com/watch?v=ec82YUtvZNU
THe difference between ranjurz & Hertz, to HMRC, HMRC couldn’t let tens of millions go, KEEVINS good caller on SNYDE just now, HUGH
KEEVINS: There is a contract that stipulates four OF games a year!!!!!HUGH
Caller’s name is
HUGH
Huns on BBC 1!
Malceye
JP McBride believes in Himself :¬)
jf. woop!!!!
All propaganda this on BBC 1 shocking
philvisreturns
Diana Gould
RIP
http://www.youtube.com/watch?v=tbY9pTH8IW4
I could go aw night,,,,,
I actually can’t believe what I’m watching
Another tremendous performance by the HOOPS yesterday. Not really sure how the world of finance works or whether this 10 points penalty will stick depending on the outcome of certain matters, but we are now on easy street and let’s hope we stay that way.
Charlie Mulgrew looks the complete footballer and Neil has worked wonders with the careers of Scott Brown and Georgios Samaras – these guys are now worth millions on the transfer market.
Anto Stokes must have a cupboard full of champagne he has won mvp so many times this season. In my opinion Anto’s best game for the HOOPS was against Kilmarnock when he almost single handedly saved Neil Lennon’s job with a fighting display with his two strikes and almost snatching the winner when Celtic’s looked down and out.
Paul et all
You have no idea how happy I was to sing ‘Glasgow Celtic Champions’ today!
HH
CelticResearch @CelticResearch Reply Retweet Favorite · Open
Confirmation that the £24.4M was paid into The Rangers FC Group Ltd (Formerly) Wavetower Ltd. Application was by Rangers Football Club PLC
Retweeted by Celtic Underground
CelticResearch @CelticResearch Reply Retweet Favorite · Open
Of course Rangers Football Club PLC had good credit due to an existing relationship with Ticketus but Ticketus really pushed the boat out.
Retweeted by Celtic Underground
Another classic ‘low brow’ piece from the Hun show, on bbc.
The family was so unnatural, they looked like they were in a school play…
“have ye goat yer season pass, son?”
“Aye, maw, ah huve”
Cringe!
Notice they edited out any dodgy songs…. all merry japes at the big hoose, for the discerning viewer!!!!
DresdenCSC
I thought that would be the case, but alas, this is what Paul says in the article above…
In football, players’ contracts of employment need to be with the club, but the source of payment can come from anywhere.
What do people think about Celtic supporters standing as independent candidates at the forthcoming Scottish Local Elections in May?
Would you be in favour of this or against, and why.
whats whyte up to know
apparently news he has resigned from several companies
hmm……….
pflan76:
On what platform exactly?
Keevins
http://www.youtube.com/watch?v=kjJ1bsnxxhs
or have i just heard it late
camdenhoop
Regarding policy in Ireland you claim that Thatcher, “Was not a bigoted hard liner”
She precided over the deaths of 10 young men on hunger strike.
You don’t get much more hard line that.
Awe_Naw_No_Annoni_Oan_Anaw_Noo says:
20 February, 2012 at 18:54
Before you criticise Philvisreturn’s grasp of history and politics, perhaps you ought to brush up on your geography. Old Holborn isn’t a place, it’s a brand of hand-rolling tobacco. You may be thinking of Holborn, which is a place (in Camden actually). Thumbs down….
From time to time, you read something on CQN that makes you think “everybody should read this and think about it”. Maybe, Paul67, you should select appropriate comments. The vast majority of us would trust you.
One such example is this:
voguepunter says:
20 February, 2012 at 14:39
“Goodbye, goodbye, you were the Billy Boys”!
So let me get this right, with Rangers in administration and in total and utter disarray, we now have the likes of First Minister Alex Salmond and Glasgow University Professor, who is involved in Catholic teacher training, Robert Davis, referring respectively to Rangers as “part of the fabric of the Scottish nation” and a “cultural focus”.
My question to those from politics to academia to beyond; please do tell what history, tradition, culture we are talking about? Please do explain the detail of this “fabric” and “cultural focus”?
Let me give an anecdote for insight into anyone coming late to the thing which we know as Glasgow Rangers. Growing up in the 1980s it was natural to play football with other boys and girls on the street, in which there were more Aberdeen and Dundee United tops than Rangers, due to the two former, the New Firm, being European powers and the latter being mediocre. However, on meeting up one night one of the Dundee United supporting boys turned around to my brother and myself and told us he was not playing with “a Fenian”. It not being the usual language of a New Firm fan, it was obvious something had happened? Ah yes, he had just attended his first Rangers match under the leadership of Graeme Souness!
So let me ask again, what is this tradition, culture, history, we are talking about? Again, please do explain the detail of this “fabric” and “cultural focus”?
No more than 8-years-old, returning from visiting relatives in Glasgow and cramped into a two-hour train journey, packed with post-match Rangers fans who were reminiscing about the recent away European match in Dublin. The talk was not about the game but about attacking Dubliners, invading homes and ripping down Rosary Beads from walls, etc, etc, etc. One part of the two-hour-hate-spew, which has never in 30 years left me, was the scholarly argument over Terry Wogan and Gloria Hunniford. In essence, Mr Wogan was “a f***ing Fenian”, while “f***ing Fenian Hunniford” was a case of mistaken identity as she was really Glorious Gloria, a good Protestant – or at very least “no a f***ing Fenian”!
Those same grown men should not have been talking like that, full stop. Those same grown men should not have been talking like that in front of strangers, full stop. Those same grown men should not have been talking like that in front of a mother and her two small children, full stop.
And as we left the train that night, with half of the same group disembarking at the same stop, it is only now you realize they knew who we were and what they were doing. They knew we were part of the local five per cent Catholic population. But to bully and intimidate and dominate is part of their DNA. They might as well have said that for every fiver we spent on train fares they would spend ten!!
So, let’s try again, exactly what is this history, tradition, culture we are talking about? And again, please do explain the detail of this “fabric” and “cultural focus”?
But of course that is all in the pre-Mo Johnstone-ok-now-lets-sign-Catholics-not-because-bigotry-is-wrong-but-because-we-need-to-to-win-trophies days?
March 2011, as now a proud father with small children who are starting to wake up to the beauties of football. Flicking on the television excitedly to watch the Scottish League Cup Final, a Glasgow derby between Celtic and Rangers, we had all been reassured by the SNP Government that the authorities were now prepared to clamp down on “sectarianism” – aka. anti-Catholicism.
However, it was, to put it simply, a 120 minutes of reality hate-TV, in which the majority of the 25,000 Rangers fans – not this mystical minority which I oft hear – were forced to sing songs aimed at my small children for having the temerity to be “a Fenian”!!!
And for the record, unless one was seriously opposed to gay dance culture, then the iconic Depeche Mode anthem, “I Just Can’t Get Enough”, being belted out by the Celtic support would, in all honesty, struggle to get into any songs-that-are-banned list….
To add insult to injury, we then had the leading SNP Governmental Minister, laughably the then Justice Secretary, thanking the fans by saying: “This was the showpiece final everyone wanted to see, and a great advert for Scottish football…(the) fans contributed to a memorable occasion”.
So let’s try one more time – what is it exactly we are talking about when people refer to Rangers’ history, tradition, culture? For the final time, please do explain the detail of this “fabric” and “cultural focus”?
Salmond himself, although now backtracking, even tried to claim it would be bad for Celtic and Scottish football. Alec my good fellow, you have just spent the most part of 2011 telling me that football and politics don’t mix! Why are you speaking on this?
Also, you have spent a large part of 2011 playing down the importance of football. Well, guess what Alec, I agree with you, for there are far more important things than football. For the sake of Scottish society it will be a great thing if Rangers descend into the abyss. I never ever want my children coming home and asking me tearfully, “Daddy, what’s a Fenian”?
With lack of public honesty, and with life being short, I have to be honest and starkly state that Rangers on their bigoted deathbed is good for Scottish society. And more specifically, good for the 16 per cent Catholic minority, a community which still lives with a legacy of vulnerability.
Why does Rangers matter so much on a sociological level? It is simple logic. The better Rangers are, the more people are attracted to watch them, the more they bring their children, and the more anti-Catholicism and anti-Irish Catholicism is normalized, encouraged and spread.
Let us not kid ourselves, Rangers’ history, tradition, culture has been a lightening rod, a generator and catalyst for hate towards an immigrant people. A disposed people. A people, at best, ignored. A people, at worst, despised..
But on the more trivial point, Scottish football will do well without Rangers. It is the Souness revolution, 1986 onwards, which destroyed Scottish football. It perverted the market to the point where Aberdeen, Dundee United – a club that is still 4-0 up against the mighty Barcelona when it comes to European competitive matches – and Hearts became what they are today. With their lavish spending, Rangers did not just steal the best players from these teams but also their support-base.
With the demise of Rangers, maybe these fans, and certainly their children, will return to the Pittodries, the Tannadices, the Tynecastles. Then there will be proper competition. And I for one will be pleased to simply curse other teams for beating Celtic on purely football grounds. But I’ll be pleased at a later date to remember, with fond memories, great non-Celtic teams, as I do with Alex Ferguson’s Aberdeen and Jim McLean’s Dundee United.
What I’ll never do is reminisce about Rangers, a club which made my life growing up in Scotland, as an Irish-Scottish Catholic, that bit harder.
I am prepared to forgive Rangers for this scar on Scottish society – but only once an official apology is offered to the Catholic community in Scotland.
But what I am not prepared to do is foolishly forget the hatred – and I most certainly am not prepared to foolishly pay for the privilege of being hated with my taxes.
He/she taks powerfully about their arrogance, there assumption that they will always be in the majority and will never ever have to justify their position. Well done voguepunter, I know nothing about you but this is a powerful stuff.
voguepunter says:
20 February, 2012 at 14:39
Great post which has a lot of resonance, even if you didnae write it, did you !
Pity the one show researchers can’t read it, typical of the one show, sentimental dishwaaater !
Oh btw I’m sparticus!
HH
bunburybhoy says:
20 February, 2012 at 16:36
Old Celtic shirts
hamiltontim says:
20 February, 2012 at 19:09
Certainly not defending Thtacher’s handling of the hunger strikes, but the Provo leadership were playing some pretty cynical games too. Not a few republicans now acknowledge that.
BBC One Show maintains even-handed approach by having a chirpy Celt lurking in the kitchen of a Hun Family from Hades. Hopefully he was sprinkling rat poison in their soup.
Rashers Tierney says:
20 February, 2012 at 19:12
see post below
ASonOfDan says:
20 February, 2012 at 16:15
As voguepunter has stated already, he was merely copying the article for us to view. This is the original article.
http://www.europeanexaminer.eu/
share
hamiltontim says:
20 February, 2012 at 19:09
camdenhoop
Regarding policy in Ireland you claim that Thatcher, “Was not a bigoted hard liner”
She precided over the deaths of 10 young men on hunger strike.
You don’t get much more hard line that.
——————————-
Files just released by the National Archives show Margaret Thatcher took part in negotiations with the IRA during the 1981 Hunger Strikes, BBC investigative journalist Peter Taylor has said.
The contacts took place through an MI6 officer and a secret back-channel to the IRA code-named Soon.
Soon was Londonderry businessman Brendan Duddy.
Mr Taylor said Mrs Thatcher altered by hand one statement sent to the IRA.
“When I read these documents I was astonished,” he said.
“I think that they are revelatory and of genuine historical importance because they give lie to all sorts of assumptions that were made incorrectly about the Hunger Strikes and the relationship between the government and the IRA.
“These documents spell it out large that Mrs Thatcher was involved in negotiations with the IRA.”
——–
There are many in the Republican movement that hold Gerry Adams culpable in the deaths of the hunger strikers how true this is i do not know but a lot of former IRA prisoners discuss this openly. May i suggest reading the works of Dr Anthony McIntyre – A former IRA Volunteer and H Block POW.
Camdenhoop,
I blame the evil weed
BTW holborn is pretty old
Anyway you should dismiss all my other points because of my silly mistake….absolutely
HH
Thatcher was a true Randian- you have to question the intellectual makeup of anyone who takes Ayn Rands to be a serious thinker as well as her spurious black and white amateur “philosophy”.
Paul,
Intriguing article. I don’t understand how a parent or affiliated company can be permitted to put cash into a company in administration, when there are yards and yards of unpaid debts outstanding. I thought any money coming in would be ringfenced and used to pay off creditors – but then, what i don’t understand about money and money/business law would fill a very large book.
I want to add my appreciation to the many others on here for the exceptional job you have done, and not just in the past glorious week. Compulsive reading.