McIntyre, evidence on the descent towards insolvency

808

When asked on Twitter four years ago how Rangers were granted a licence to play European football in season 2011-12 when they were overdue with HMRC, SFA chief executive, Stewart Regan, replied, “If someone sends you a bill you disagree with then you do not accept it was overdue”.

Any business is allowed to dispute a tax demand, but former Rangers director, Donald McIntyre’s evidence at the High Court in Glasgow yesterday was clear, Rangers had accepted liability for unpaid PAYE and National Insurance claims in connection with the Wee Tax Case (DOS) in 2010.

If, as Regan suggests, Rangers misrepresented this fact to the SFA Licencing Committee in their March 2011 application, the Association now have action to consider.

If you have been around this story for the best part of the last decade you will recall a number of us writing on the perilous state of Rangers finances while the club was under the control of Sir David Murray. This was robustly disputed by the club at the time, but in his evidence McIntyre noted that, under Murray, the club appointed an insolvency expert to ensure they were not trading illegally.

Just one month before the sale of the club to Craig Whyte in May 2011, in an email produced by Craig Whyte’s counsel, Donald Findlay, Mr Mike McGill of Murray Holdings, advised that “it would appear forecasts for club have deteriorated, we will breach bank facility”.

Asked by Findlay if “HMRC were coming for the club and were after blood”, McIntyre said “Yes.” The directors of Oldco Rangers omitted this sentiment from their public comments at the time.

Rangers were a football club running a perilous financial strategy from the 1990s until liquidation was eventually confirmed in 2012. They established a mindset, not only in their own support, but in parts of ours too, that spending money you couldn’t afford on casino football was the only acceptable way clubs should behave.

You still hear the echoes of those times, from Willie Henderson’s request that Newco spend £50m, to comments a lot closer to home when Celtic fail to win a football game.

Please remember that while it is OK to report evidence discussed at court, you should not comment on matters pertaining to the charges against Craig Whyte.

img_3318-7.jpg

T-SHIRT STOCK UPDATE: Remaining stock as follows….Small 2 left, Medium 3 left, Large ONLY 1 left, XL 11 left and XXL 8 left. There won’t be a re-print so order now if you want the t-shirt (£14.99) or t-shirt and book (£19.67) at cqnbookstore.com

 

Click Here for Comments >
Share.

About Author

808 Comments
  1. Pages:
  2. 1
  3. ...
  4. 7
  5. 8
  6. 9
  7. 10
  8. 11
  9. 12
  10. 13
  11. ...
  12. 22

  1. 2-0 Calvin Miller from a lump up the park from our goalie, poor head back far wee Hun and Calvins presence scares the Hun goalie as he rounds him on one side and ball rounds him on the other before Calvin pops it in an empty net under a wee bit of pressure fae a wee Hun.

     

     

    MWD

  2. Pele and Calvin Miller.

     

     

    Both ran across a forward pass and dummied the goalkeeper.

     

     

    Pele missed with the shot.

     

     

    Calvin scored with the shot.

  3. Following Minty’s appearance in the Witness Box today…………………..

     

    Das Boot in the R.S. McColls!

  4. 50 shades of green on

    THOMTHETHIM FOR OSCAR OK on 26TH APRIL 2017 8:16 PM

     

    Calvin Pele

     

     

     

    2-0 ht.

     

     

    #######

     

     

    Thought the same thing.

     

     

    H.H

  5. Disgraceful bullying by us of these poor young hunnies.

     

    The new Fleck completed 2 one yard passes and one a header jumping on someone’s back.

     

    When he has given the ball away (mostly)the commentators quickly remind us he’s only a wee boy

  6. thomthethim for Oscar OK on

    Comedic commentary at Youth game.

     

     

    The co- commentator, Kenny Millar, if you please. No, not that one, perhaps his son, is trying to be impartial, but failing.

  7. BABASONICOS71 on

    I’m loving these commentators attempts to feign enthusiasm at our bhoys efforts.Hurty huns eh!? ;))

     

    ===

     

     

    The Men Who Stare At Goats (then sacrifce them)

     

    (July) Twelve Monkeys

     

    (Brown B)Rogue Trader

     

    The Hunsucker Proxy

     

    Other People’s Money

  8. The youth squad take better corners than the first team

     

     

    I would recommend everyone to watch the first goal if you get a chance

  9. mike in toronto on

    Hello lads

     

     

    Just in… apologies if this has already been posted…

     

     

    but, for those outside of scotland, it looks like the youth final is being shown live on youtube … just type in scottish youth cup final

  10. Finding it really difficult not to get over excited about the revelations at Craigy’s trial .

     

     

    In my heart I know titles will be stripped.

     

     

    Play the long game.

     

     

    I hope Celtic legal representatives are sharpening their pencils

     

     

    HH

  11. thomthethim for Oscar OK on

    The question is, why have they such a young team?

     

     

    Are u17s on less wages than u20s?

  12. thomthethim for Oscar OK on

    The question is, why have they such a young team?

     

     

    Are u17s on less wages than u20s?

     

     

    Watch out for them “getting in our faces in the second half.”

  13. So many excuses from these commentators.

     

    They cannot accept that their team is just a bunch of cluggers who play in a style consigned to history by most successful football teams.

     

    Bitter Bitter huns

  14. THOMTHETHIM

     

     

    Ah that’s who it is…Kenny Millar of the Sun.

     

     

    He thought the senior Huns would win the Scottish Cup at the start of the season…

  15. MWD

     

     

    Hope to goodness u are wrong bud.

     

    Just feel that the tide is turning our way in this long and weary road to justice.

     

     

    HH

  16. i'vehadtochangemyname on

    phew , that was close, rangers would have scored there only for the fact nothing happened

  17. Geordie Munro on

    Keep the updates on the refs coming. Not interested in the Celtic team.

     

     

    Sarcastic csc

  18. 50 shades of green on

    We would be as well tuning into Zombie TV for this game, hunbelievable commentry.

  1. Pages:
  2. 1
  3. ...
  4. 7
  5. 8
  6. 9
  7. 10
  8. 11
  9. 12
  10. 13
  11. ...
  12. 22