Jockeying for FTT already done

735

Following RangersTaxCase’s information that Rangers-HMRC First Tier Tribunal report was in the hands of both parties’ solicitors on Friday, I subsequently heard the report runs to in excess of 300 pages.  It will be published by the court authorities in due course but I don’t expect anything this week.  Any attempt to spin or release excerpts from the report could be considered contempt so it is likely that we will hear nothing formally until then.

Once the report goes live you can expect an already-prepared summary with plenty of focus on what the FTT denied HMRC.  HMRC will not achieve a clean sweep, some matters were dealt with correctly, but there will be no surprises on these pages for the thrust of the findings.

I’m looking forward to an entertaining and final dose of bombast from one of the parties, hopefully in keeping with some of the all-time favourites from March 2000, “Rangers are moving on to another level from the rest of Scottish football”, “the Glasgow giants are setting an agenda that no other Scottish club can match”.

That famous article in The Herald asserts “The Ibrox chairman [Sir David Murray] has spent several months and many sleepless nights piecing together the plans which will eliminate Rangers”.

It does, of course, insert the word “debt” into the end of that sentence but sometimes fewer words paint a more accurate picture.  While we’re on a related subject, well done to Sports Direct FC for reaching the summit of the Third Division on goal difference.  That manager’s definitely worth keeping. Ashley’s money is being wisely spent.

Click here to read the fabulous CQN Magazine for free, or strain your eyes squinting below. You can also buy a hard copy of the magazine here from Magcloud.

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735 Comments

  1. Been home for a week and today is the first day I have been able to get near a PC!

     

     

    Women!

     

     

    Anyway – greetings to all and all the very best to the Bhoys tonight!

     

     

    HH!!

  2. What journalist signed Barça match report of the Champions Celtic 2007-2008 in the print edition of Mundo Deportivo?

     

     

    Among those who order us to email the correct answer concursos@mundodeportivo.com before 14h. raffle two tickets to attend tonight’s game at the Camp Nou.

     

     

    MD will contact the winner via email to deliver the tickets to lucky.

     

     

    You can find the track of the question in the Sports World Newspaper Archive

  3. voguepunter

     

     

    It’s a wee tourney they have every year for the charity.

     

    usually competed for by local teams.Although as you say,you obviously don’t mingle in the elite athletes section of the Vogue!

  4. I fear that we as fans are underestimating the task that our young team will undertake tonight.

     

    It reminds a bit with the hype the precluded Scotland’s World Cup campaign in Argentina.

     

     

    Remember a few short seasons ago The old Rangers took six points in their first 2 CL matches.

     

    This included a 0-3 away win in either Lyon or Monaco.

     

    They still didn’t progress from the group .

     

    This young team have already exceeded my expectations winning in Moscow.

     

    I sit in Las Ramblas, expecting nothing, but hoping for everything.

     

    A67

  5. Son of Gabriel on

    Andrew67

     

    12:37

     

     

    They have already done incredibly, no1 is expecting a result, but should you count any team out over 90 minutes when they are flying high against weakened, albiet incredible and far more quality, opposition?

     

     

    As you say, hope for everything

     

     

    #KeepTheFaithCSC

  6. Son of Gabriel on

    Do we wear the hoops tonight?

     

    Or do we wear an away one?

     

     

    I always prefer our bhoys in green and white, plus surely is better commercially to be wearing the famous

  7. TheOriginalSadiesBhoy on

    kitalba

     

     

    11:27 on 23 October, 2012

     

     

    The Penultimate Hun Video

     

     

    ………………………………………….

     

     

    Thanks for posting that – absolutely brilliant!

     

     

    I’m now getting butterflies as kick-off draws nearer. Come on Celtic – you can get something out of this with hard work and a bit of luck. We’ll all be so proud of you!

  8. TheOriginalSadiesBhoy on

    Son of Gabriel

     

     

    13:22 on 23 October, 2012

     

     

    what results do we want between Benfica and Spartak???

     

     

    ………………………………………………………….

     

     

    2 draws

  9. On 31st. May Paul wrote the following:

     

     

    Much of the response from Duff and Phelps to last night’s revelations by Mark Daly on the BBC website centred around their fees. BBC revealed that partner, David Grier, emailed Craig Whyte to say, “We propose to cap our fees in respect of an (sic) CVA or Administration to £500k, however, we request the ability to discuss with you an additional payment in respect of our total time costs, in so far as this does not impact on your position.”

     

    Contracting to cap fees at £500k when you subsequently bill creditors £3.5m for your own time plus £2m legal costs would embarrass many of us, though not everyone. Duff and Phelps added a caveat that they could discuss additional payment as long as it did not impact on Craig Whyte’s position, which they perhaps did.

     

    The more interesting part of the exchange between Whyte and Greir is their preparation for “HMRC being hostile”.

     

    Craig Whyte:

     

    “I’d like to speak to David [Whitehouse] and Paul [Clark] to make sure that they’re comfortable with the fact that we might end up with HMRC being hostile (I suspect this will end up being the case so you should go into it with your eyes open)”

     

    David Grier:

     

    “Agreed.”

     

     

    It is fascinating to wonder how comfortable Mr Whitehouse and Mr Clark were with Craig Whyte’s plans in the event HMRC were hostile. HMRC are Rangers largest creditors. Administrators run the company in the interests of the creditors, not the shareholders.

     

    Three days after this email exchange Rangers went to court to insist Duff and Phelps were appointed administrators instead of an appointment by HMRC.

     

     

    MSM eat your heart out. Well done oor Paul!!!