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. Tim Malone Will Tell on

    And in tribute to that great Sevco ‘servant’…

     

     

    How Green was my valet

  2. the glorious balance sheet on

    Some more sevco films-

     

     

    I am legned

     

    The Italian Jobbie (focused on amoruso’s ebt)

     

    Die Another Day

     

    The constant gardener

  3. DELANEYS DUNKY

     

    It’s to big a risk to play the two youngsters at crumbledome.

     

    The huns are baying for blood and Beaton and Madhun will facilitate.

     

    Both guys should play on the run in though.

  4. Dallas Dallas where the heck is Dallas on

    Fanatic , thanks for your post about Josh Kerr.

     

     

    I wish I could have saw the game and beating the sevs.

  5. Brogan Rogan Trevino and Hogan on

    Film Titles for Ibokes?

     

     

    The Tax Man always rings twice.

     

     

    The Long Goodbye

     

     

    The man who shot Liberty’s Balance (sheet)

     

     

    Gonebusters

     

     

    Les Miserables

     

     

    Ally – The Constant Gardner

     

     

    A series of unfortunate unlawful events

     

     

    Robert Pritz’s honour

  6. Dallas Dallas where the heck is Dallas on

    Young Huns

     

     

    Nightmare on Edmiston Drive

     

     

    Fort Apache the Ibrox

     

     

    When the jimmy Bell tolls

     

     

    When David met Craig

  7. Dallas Dallas where the heck is Dallas on

    The war of the sevs

     

     

    Hundiana Jones and the Temple of Doom

     

     

    The Quiet Sev

  8. What is the Stars on

    You only live twice

     

    die another day

     

    on her majestys secret service

     

     

    Just in case we decide to limit it to Bond Movie titles

  9. Hunderball

     

     

    Orangefinger

     

     

    Dr No (taxes)

     

     

    Binraker

     

     

    The Spiv Who Loved Me

     

     

    From Ulster With Love

  10. Dallas Dallas where the heck is Dallas on

    For D Murray. Witness

     

     

    Butch Wilkins and the hundance kid

     

     

    Good night all and sleep well

  11. Films-

     

    Scum

     

    Shite Club

     

    Doon the Pans Labyrinth

     

    Dumb and Dumber

     

    Casawanka

     

    Amadedus

     

    Empire of the Hun

     

    No Country for Old Firm

     

    Kill Bill

     

    Raiders of the Lost Park

     

    Twelve Monkeys

     

    Million Dollar Mackay

     

    Blazing Saddo’s

     

    Wheretigo, (clue Hitchcock)

     

    Animal House

     

    Misery

     

    Payback

     

    Good Morning Ibrox Bam

     

     

    Ach there’s too many although i like Blazing Saddo’s :-)

  12. thomthethim for Oscar OK on

    A couple of thoughts at bedtime.

     

     

    I fully expect Sevco to organise a pre match tribute to their former player Ugo Ehiogue, which would be fitting.

     

     

    A section of them will be hoping that we mar it.

     

    Unfortunately for them, we have previous for showing respect in these situations.

     

     

    I have read criticism over the seven minute time lapse between Mousse leaving the field and Leigh joining the fray last Sunday.

     

     

    For the life of me, I can’t see BR and staff being so shambolic in making a substitution, particularly as Dembélé indicated immediately that he was finished.

     

     

    Do you want to hear my opinion?

     

     

    Of course you do.

     

    Here goes.

     

     

    Celtic were reportedly training with 11 v 10 during the week, in the event of that situation at Hampden.

     

     

    When MD went off, Brendan saw an opportunity to put his plan into action for a short spell.

     

     

    Hence Leigh’s delay in even getting stripped and onto the touchline. After a suitable period of time, we put the ball out and LG trundled onto the park.

     

     

    Tell me I’m wrong!

  13. thomthethim for Oscar OK on

    MARGARET MCGILL on 27TH APRIL 2017 12:27 AM

     

    thomthethim for Oscar OK on 27th April 2017 12:04 am

     

     

     

    You are 100% correct! :)

     

     

    *****

     

    Awe Naw No’ Twice In Wan Week Noo. : > )

  14. Margaret McGill on

    thomthethim for Oscar OK on 27th April 2017 12:30 am

     

    yup twice in the one week. make that 3!! :)

  15. Who knows Anything?

     

     

    Perhaps Donald is wanting to Destroy SIR Mints, after he DESTROYED his Club.

     

     

    Dictator Central.

     

     

    They are so DEID.

     

     

    That guy will not like that one little iota.

     

     

    I feel like a song.

     

     

    aha, naw no Take on me.

     

     

    Lucy B

  16. Nah he won’t like it ‘one jot or one tittle’.

     

     

    Brendan will know what is coming Saturday. I expect Kouassi to play.

     

     

    In fact a few changes will be made.

     

     

    Brendan, IMO, doesn’t care that much about being invincible, Noone is invincible.

     

     

    Brendan is only thinking of Winning EVERY trophy. ;)))))

     

     

    Great reading that the young lad Ralston had a cracking game.

     

     

    I’m hoping he Bursts into the first team next Season.

  17. How could it be possibly comparable, in the Immortal Words of J Connolly.

     

     

    “Do Your Worst” on Saturday

     

     

    I know one of the Celts will be maimed.

     

     

    I’d be dead if I was there @ the Event.

     

     

    One Time @ that place was enough.