At the start of the week our man in Poland sent me a link to the Croatian outlet who interviewed Nikica Jelavic. I mentioned the player in an article yesterday and recalled his earlier comments, which I referenced as background information. This ‘news’ was subsequently carried by today’s radio and print outlets in Scotland.
It’s maybe a low blow to bring out the ‘Lazy journalism’ point on the day Scotland’s formerly-largest newspaper shed journalists, although the point is perfectly illustrated, but lazy journalism always found its place in the past. The real problem has little to do with the standard of journalism on offer, it’s about business models in the old media. News doesn’t pay unless you can tax consumers or bundle it with paid-for football channels, which is not a good thing.
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tomtheleedstim at 11:28
Ah, just catching up on all the documents filed. They did indeed transfer the floating charge to Rangers although the register at Companies House still says charge owned by the Bank. Not 100% sure now so will try and do some more digging.
On the floating charge, back in October something else changed and it now seems to have become a fixed charge but I can’t seem to see how. This would give the creditor (now Whyte it seems) more security over this.
Mort
sftb,
A Rangers fans’ brain trust. If ever there was on oxymoron …
A son of Dan
The sports dept at the Rectum are intact. It’s every other part of the paper that has been closed. There is nothing good about this – people lost their jobs and not the one’s you hate.
St John Doyle
Seems like a good analysis to me. I think option 2, probably slightly diluted, is far more likely.
I guess we’ll go round and round on this, and something relatively predictable and unsatisfactory will emerge. Putting Celtic first, Scottish football second, and Rangers a very distant last, behind integrity, sportsmanship and the law, I still take the view that we need some kind of Rangers in our top flight. Now the reality is that whether they are hamstrung by punishment, relegated or not, the effect is broadly the same as what we are likely to see at the end of this season – the two largest and most capable competitors for Celtic collapsing under the weight of greed, arrogance and stupidity whilst we walk the title. And then again and again.
With their collapse others will follow, and we’ll need to hope Celtic can remain competitive in Europe or else we’re going to be left scratching our heads and asking why we should be suffering too.
5 talented and exciting central midfielders fighting for a jersey in the Celtic midfield – it’s just barely credible in the league we have today. It will soon become absurd and pointless.
For what they are about to reduce us to Rangers and Hearts should be punished very severely, they are destroying our game… on the other hand, we need a solution that allows us to have a competitive league or a whole range of scenario’s we’re not even considering will emerge and we’ll like them a good deal less…
The Honest Mistake at 11:29
I was looking at a different form which gave the owner of the charge as the Bank of Scotland. A later one said that it had been transferred to “The Rangers FC Group Limited with registered office at 4 Bedford Row, London” but can’t find the documentation to show when this was transferred.
Mort
Good Morning to the celtic family from a dull damp Central Scotland. One thing that puzzles me on the Rangers tax case is the man responsible Sir David Murray seems to be getting off lightly now people have gone to prison for trying to cheat the revenue.Yet Murray seems to be well out of the spotlight and is still a Sir now im sure its her majestys tax and revenue ?yet it would appear he has been cheating the revenue for years so what do you have to do to get your Knight hood taken off you? H.H.
Mort – it really is a complicated business, one for the experts on RTC.
I think people on RTC generally think Whyte has insulated himself from any chance of losing money. He will be the winner financially – everone else loses.
Mind you, depending on the outcome, he might lose more than just a few quid himself if the hordes catch up with him.
Mort (Kano 1000) 6 January, 2012 at 11:50:
Is the fixed charge the future catering revenues held now by Close Brothers?
Just read this on FF and just had to share it with you all.
“Just for the record I thnk Whyte is the best man for a war crisis, just like Churchill”
I’m not particularly savvy with company and tax law, but I do suspect that both will be bent to snapping point to accommodate a certain company, and if so, every decent person should challenge any shenanigans every which way they can. Regardless of how it all ends Celtic Supporters can never again be unjustly labelled ‘paranoid’.
That ‘certain company’s’ future is beyond my opinion but I do know this:
Their history is soiled.
Their glory is tainted.
Their ethos embraces ‘the end justifies the cheating’.
Their quintessential status is a farce.
Their loyalty to the crown is a lie.
Their integrity is cracked beyond repair.
Their reputation is slimed.
Their word is dubious.
Their bond is anathema.
Their worth is worthless.
Their raison d’être is fascist.
Their team is Whyte.
Their future will forever be equated with their past and forever toxic.
Impeach Whyte!
Copyright Homer.
Árd Macha
Gordon_J backing Neil Lennon says:
6 January, 2012 at 11:52
sftb,
“A Rangers fans’ brain trust. If ever there was on oxymoron … ”
Good shout if you remove the “oxy”
RogueLeader says:
6 January, 2012 at 12:00
Just read this on FF and just had to share it with you all.
“Just for the record I thnk Whyte is the best man for a war crisis, just like Churchill”
Well its a close call between a known bankrupt and a wee dog that does tv adverts for insurance
very close call
Gordon_J @ 11.52
With emphasis on the moron.
The Honest Mistake at 12:00
I think so but whether this will be classed as a fixed or floating charge in the future is not clear cut. As future income, unless all this money is put into a specific bank account that Rangers have no access to, the courts will deem it a floating charge if there is ever any insolvency action and a priority of creditors has to be drawn up.
Mort
Mort (and any others who care to consider this …)
In your view, is there any possible/plausible FTT outcome which will not force RFC into insolvency?
If there is and such a ruling is eventually announced, what do you think would be the likely response of the MBB and his Wavetower Gang?
FF
RogueLeader says:
6 January, 2012 at 12:00
Made my day that has :>)
BontyBhoy says:
6 January, 2012 at 11:52
I think this blog and others will quickly switch from a Tax debt debate to the debate on the demise of RFC and suitable punishment, in my post I indicated Option 1 of RFC starting in Div. 3 and struggle to get up the leagues, but I am open to debate on how we can twist the knife into Newco to maximise the benefit to our club.
But no matter what Rankers are dead lets give them a good send off and be smug about how we preside over their punishment
Meanwhile, back at Celtic… embdy think we should ‘rest’ some of our key players on Sunday?
I’m thinking particularly of young J.Forrest, our player of the season so far.
AWE NAW 1130
No having that,bud. What do you know about tax?
Ye some kinda expert or summat?
So,what you are saying is that Cw will be prevented from using the newco/prepack approach because HMRC decided to make more use of a little-known technicality?
Man,that’s faffin’ BRILLIANT!
CW caught out by HMRC using a technique which can only be described as …….
UNDER THE RADAR!!!!!!!!!!!!!!!!!!!!!!
Sunday could be an opportunity to give some of the bounce game stars some gametime.
Dontbrattbakkinanger says:
6 January, 2012 at 12:08
Yes, we should be resting a few players, young James included.
Árd Macha
A comment from my goodself on the state of the Ibrox nation and its media trumpets over on RTC Blog
http://rangerstaxcase.com/2012/01/06/tax-deal-rumour-what-was-the-point/comment-page-2/#comment-37600
Saint Stivs says:
6 January, 2012 at 11:40
If you google “grant fae perth” you’ll find it!!
Rogue
I think I would rather go to war with ole Adolf given were not on mainland Europe than go to war with the taxman round the corner,the brains and the so sickly jingoism of huns is hilarious.
BRTH
Amongst other things, another brilliant example of the sheer futility of placing any store in Scottish MSM.
Well done, mate.
FF
Did somebody say ‘bounce game’.
Better phone Mo Bangura!
BontyBhoy
“Putting Celtic first, Scottish football second, and Rangers a very distant last, behind integrity, sportsmanship and the law, I still take the view that we need some kind of Rangers in our top flight.”
That ain’t gonna work for most of us. It is a deceptively appealing simple observation that, on close inspection, turns out to be simplistic.
The argument is that Celtic will suffer without a strong competitor and, therefore, we should mitigate the punishment of Rangers in order that we maintain a strong competitor and as good a TV contract as possible. That is as far as the argument has any merit.
The flaws are manifold and, in no particular order of importance:-
1) If Rangers are to be seen as an attraction for a TV deal they need to be a strong competitor. merely having them in the SPL as a 7th or 8th ranked competitor for the title will not be enough to persuade Sky to keep giving us a deal at current levels.
2) If Rangers have sanctions mitigated in order that they remain competitive at this level then they will have gained much more than they lost through their financial recklessness and near criminality. Like all other recidivists, they will not have been discouraged from going down that road again.
3) The money to be gained from a Scottish TV deal is a trifle compared to the money we have lost as a result of being cheated out of CL money in the leagues won by Rangers in their decade of mismanagement. It is the equivalent of us accepting much much less than 10p in the pound
4) Continuity at SPL level allows them to present Newco as the Continuity Rangers, the same club with the same records, in all but name. Despite professing to have put Rangers last in your thinking, you have come up with exactly the same “soft landing” scenario that their fans wish for themselves.
5) You are, I believe, and I am willing to put this to a test in any poll, in a strange minority of Celtic fans who wants this outcome. Most of us, including a large proportion of those with no current fixation on Board Politics, would find it a betrayal of our sensible approach to finance if our Board welcomed the renegade club back into our league with limited punishment. You will have seen posts from supporters of 50 and 60 years standing, who have stated clearly that this would be a breaking point for them with the club. I am one of those, and we are not people who flounce for small things.
6) Lastly, there is an inherent flaw in your plan. You recognise that Rangers need sanction but you want them to remain our main rival so we can maintain our small TV deal. By doing so you must mitigate their sanction so that they can at least appear competitive in the SPL. If they were to be truly handicapped for their misdemeanours, they would be a certainty for relegation, thus defeating your intent. Your plan calls for forgiveness, self-sacrifice, and aid to our enemy.
It is all beyond me.
Folly Folly at 12:06
There is nothing certain when it comes to the law and how judges decide things and so it is possible they will say Rangers have no case to answer and do not owe any more money to HMRC.
As unlikely as that is, I think Rangers are in more trouble than just that if the cash flow projections from RTC are anything to go by. Even allowing for them getting let off, they still owe a lot of money and are struggling to pay their bills.
If they do get off scot free, the MBB could still enforce his right to the assets subject to the floating charge which would put them into insolvency.
Mort
Minus the ‘so’
DBBIA
Cool, if you’re got a ticket already lined up.
Saint Stivis:
Is this what you were looking for?
The Crying Hun
ROGUE LEADER 1200
That is so nice,I’m glad they love their leader.
Blinkin’ flip,we’d be fighting amongst ourselves if we were in the same boat as them,no Struth pun intended.
But only for spaces in the car park.
Mind,someone earlier suggested a new Govan Asda….
Thanks, Mort.
It seems to me that Whyte and co will probably only make money out of this affair by declaring the club insolvent.
Without a tribunal outcome which is obviously a cue for insolvency, therefore, it looks to me like the Wavetower Gang will have some awkward decisions to make …
FF
BSR -I’ll have to chcheck the ole ticket status with the bhoy.
I’m definitely interested in a pre-game chinwag, perhaps ole JohnnyClash could be tempted along, if he’s not too busy stringin’ his mandolin.
Brogan Rogan Trevino and Hogan supports Kano 1000 says:
6 January, 2012 at 12:13
A comment from my goodself on the state of the Ibrox nation and its media trumpets over on RTC Blog
http://rangerstaxcase.com/2012/01/06/tax-deal-rumour-what-was-the-point/comment-page-2/#comment-37600
****************************************************************************************************
Another great contribution sir, what is your considered opinion on the actions of RFC and the SFA/SPL being illegal insp far as shareholders like myself and others have been deprived of potential income because of fraudulant acts of any of the above organisations. Do you think this could be referred to the Police and to thr PF for investigation
If us and “loyalmyerseFC” both get through on Sunday, what price a cash spinning meeting of the 2 clubs in the next round? Would they ????
Re Sundays game,
I know its always a risk strategy but this is going to be a long season, perhaps NL should consider resting some of the first team against what with no disrespect could be termed lesser opposition.
Ive heard Arbroath are considering doing the same for their match.
I think big Mark Hateley should take up comedy writing he is an equal to Craig Cash.
If you put his meanderings in to the mouth of one of the characters in Early Doors (one of my favs btw) “Nacho Novo….reminds me of Lubmoir Moravcik” ohhhh my aching sides.
Is his ghost writer just taking the proverbial……..
SETTING FREE THE BEARS 1219
A very considered and well-thought-out response.
Fair play to you.
Me,I’ve long stopped the consideration,thought,or response where he’s concerned.
I’m glad someone still prevents his tripe from being unchallenged.
Though I had to go back to read the original post,haha!