McIntyre, evidence on the descent towards insolvency

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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.

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808 Comments

  1. jeez_I_thought_blinker_was_pants on

    The untouchables………………………………. (Hopefully not)

  2. The Hun-Ger Games.

     

     

    How to lose a title in 10 ways

     

     

    Any of the Asterix movies.

     

     

     

    HH

  3. GreeninbingleyinOslo on

    Really, really enjoyed that. Well done the wee Bhoys. Great display.

     

     

    Some of that youth team have big futures – Michael Johnstone & Aitchison for sure, but I really like Mcilduff. Beginning of the second half he accelerated down the left and fired over a peach of a cross for somebody – Johnstone? – to put wide with a diving header. Would have been the goal of the night.

     

     

    Well done lhads – great to see such talent coming through and playing proper football.

     

     

    Two things – that churlish tw*t of a commentator who said something at the end like “aye, they should enjoy the night, because this is going to be the high spot of their career for some of them.”

     

    Don’t know if he was hurting and indulging his spite and bile on our Bhoys, or he was referring to both sides. Doesn’t matter. With an attitude like that he should never get another gig again. What a comment to make at youth football level!

     

     

    The other thing is – why were the wee huns wearing betting-sponsored jerseys? I thought that, at this level, all booze and betting labelling was a no-no.

  4. Barton Fink (s it’s OK to bet on your own team to lose)

     

     

    I’m out :)

     

     

    NN & HH

  5. Very well done the young Hoops.

     

     

    Totally dominant and never in danger.

     

     

    Several exciting talents. Particularly liked Ralston, McIlduff, Miller, Nesbitt and Johnstone. The rest were also excellent!

     

     

    Only downside was goalie Connor Hazard having to be treated for hypothermia.

     

     

    HH!!

  6. Fair play to Gordon Banks and Geoff Hurst for their work with Dementia.watchin the news there and both say Nobby Stiles, Ray Wilson and Martin Peters have no memory of 1966.

     

     

    HH

  7. One of the, very, few positive things the commentator/co-commentator(?) said tonight was that at a recent international tourney the one player who stood out and who was head and shoulders above everyone else was Mikey Johnstone.

     

     

    Very talented bhoy who will go far.

     

     

    HH!!

  8. The Replacements

     

     

    Crouching Tiger Hidden Assets

     

     

    Sally doesn’t live here anymore

     

     

    All the wrong moves

     

     

    Al;y and the Chipmunks

     

     

    Bears and Teds Bogus Journey

     

     

    Billy Maddish Hun

     

     

    Brokeback Snake Mountain

     

     

    The Don’tCare Bears Movie

     

     

    Charlie’s Web

     

     

    Dude, Where’s my club?

     

     

    Dumb and Dumberer: When Sally met Craig

     

     

    The Englishman who went up a hill but came down with a club

     

     

    Too Few Good Men

  9. Delaneys Dunky on

    Would like to see Ralston and Aitchison play at doomdome on Saturday.

     

    I think they are both ready.

  10. TTR

     

     

    Freudian slip – ‘opposing’ religions. Not other, opposing.

     

     

    Says it all in one sentence.

     

     

    HH jamesgang