We have spoken before that preliminary positions are being established ahead of the much-anticipated outcome of HM Revenue and Customs tribunal against Rangers with the possibility that, in the event the decision goes in favour of HMRC, the company could go into liquidation. This weekend brought a fresh attempt to pitch a positive scenario in favour of Rangers.
One newspaper sought solace in the case Parma, stating that the Italian club was allowed to re-emerge in Serie A after going out of business in 2004.
Unfortunately this is a complete misrepresentation of the facts, as far as Parma is concerned, precedent points to an entirely different outcome. Parma went into administration on 28 April 2004 after Parmalat, the dairy company which owned a majority of their shares, also went into administration. Parma remained in administration for three years before emerging after a successful restructuring of their debts. The club was then bought by a new company – but crucially – continuity of football operations was possible because there was no liquidation and debts were restructured in a way consistent with prevailing administration laws, that allowed a company to continue trading.
This, however, is not the end of the precedent Parma can offer Neil Doncaster and his SPL board. In 1968 AC Parma went into liquidation and disappeared from existence. They are an ex-football club, to use a phrase I can see creeping into the local lexicon soon.
Shortly after the failure and permanent disappearance of AC Parma, another club, AC Parmense, who were newly promoted into Sere D, changed their livery to match their better known former-neighbours and changed name to AC Parma. It was this club, AC Parma-formerly-known-as-AC Parmenese, who were promoted through the divisions and went on to win three European trophies.
Precedent from Italy is clear: if a large SPL club is liquidated an opportunity exists for Clyde FC to change their name, ditch the white shirts, rent a large, vacant, stadium and try to work their way through the leagues. Just as Airdrie United-formerly-known-as-Clydebank, are attempting to do.
There are no free tickets to the elite level of Scottish football.
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Night all
off to dream of the days that are coming
oh yes they are
HH
MM
Whitedoghunch.
You never sent it to Paul.
It. Has. Got. Bells. On.
James Forrest is Lennon says:
23 January, 2012 at 20:25
The post you refer to was over on RTC. I have copied and pasted it with RTC’s reply/ Later that night Hugh Keevin actually made a slip and called Guidi “Mark McGee”
Mark McGhee says:
11/01/2012 at 2:59 pm
Hello, I am a 4th year accountancy student at Glasgow University. I plan on writing my dissertation on the topic of “Subject over form” in the accounting process. After reading, Whats’ the Rangers tax case all about, I was intrigued by the comment of, “These executives appear to have been overly diligent in their record keeping!”
Subject over form is the study of FRS 5, all financial statements should report the Substance of the transaction which it has entered ie Financial Statement should show the economic reality of all transactions therefore being more transparent.
My question to the author of said article is, do you think that if RFC followed a substance over form approach, which is key in UK accounting, would they have not been put into this current situation?
rangerstaxcase says:
11/01/2012 at 3:35 pm
Mark McGhee
Forget the “accounting student” ruse. You are without question another in a long line of people knowledgeable in the specifics of the case I.e. working on it or working for Rangers in some capacity.
Why don’t you explain your question more fully for the benefit of everyone else?
Everyone, we have a new boy in class. Say hello to Mark. Mark is beginning a line of questioning based upon specific knowledge of the case. Presumably, he is either wanting to try to bolster confidence of Rangers fans or he might even be wanting to polish his arguments using our lawyers and accountants to shoot holes in his case.
Why not come back on 18 Jan and I will be pleased to point out the problem with this argument and its lack of relevance.
Nice try!
guys
big match tomorrow
u19s St Mirren v Celtic
12noon
location… (soothside glesga)
http://www.theants.co.uk/mckennapark.html
oldtim67
Hoped I’d meet up with you in the coming weeks but sadly not to be.
If the Premier Inn is good enough for me, it should be good enough for Poundland FC
So have Rangers gone from 5 stars to 3 stars? Where’s it all going to end?
nearly crashed my car laughing at clyde today
what a hoot
haha
The really interesting bit is goin t be watching for who starts to eat who when the whole rotten multi-story of lies come tumbling down. The problem with lies is that you can’t remember all of them, and each one is a brick in a wall. Unpick a few, and the structure crumbles.
Some major players in this will try to save their reputation by besmirching others. The signs are there, the dam is leaking. Who’ll jump first?
It’s all so sad, so very very very sad… Very sad… Tragic
Hehehehe
prediction-am for im a celebrity –
shug used the phrase “first-tier tribunal” as if suddenly he has become the oracle on all things tax-related
said it like hey, look at me
wakey wakey shug – we’ve been usin that for nearly 2yrs
!!
Night all
I’m away back to lurking lol!
Hail hail
MME
ps that win on Sat is the type of win that wins you leagues :-)
Nite bhoys
Take care and god bless
An education as always
HH
KTF
Mark \o/ McGhee’s \o/ Eyeliner \o/ says:
23 January, 2012 at 23:03
tictalker
I’d like to think if anyone read back any of my posts they
would come to the conclusion that I’m far too intelligent to be a Scottish sports hack :-D
====================================
Not to mention tall, dark and hairy. :)
Just for a wee laugh, nothing to do with footy or the hun, just as funny as feck.
http://www.youtube.com/watch_popup?v=EVwlMVYqMu4&vq=medium#t=125
ElDiegoBhoy.
I think I’m going into Hospital for a scan soon,I saw the doctor last week and they’re sending me to get a scan.So everything I do is provisional
If your going to Aberdour,I’ll see you there.Didn’t get much chance for a chat last year.
Auldheid
Not as hairy these days
the long flowing locks are gone
got myself a proper grown up haircut now lol!
Hope things are good with you at your end.
Hail hail bud
MME
Well done Houl your Wheesht . Hope someone tackles Mark Guidi about it on Radio Clyde. They are slowly but surely being found out. Hail Hail Hebcelt
Mark \o/ McGhee’s \o/ Eyeliner \o/ says:
far to much win and winning in that last post
if you are not Mark Guidi are you charlie sheen?? :O)
tictalker talking tic
oldtim I did and he replied.
Do they need to grease you up to squeeze you in the MRI ?
T C
Why??
TET
haha
:)
hilarious
tictalker
Damn! you’ve sussed me :-)
Hail hail
MME
Ceaser67
why whit, matey ?
Night all
Hail hail
MME
ßjmac ♥ Kano 1000 °¿° says:
23 January, 2012 at 09:54
Just reading back on your post this morning…not nice having to listen to that nonsense in the workplace.
I agree with advice from others -keep the religious references to one side for now and focus on the child abuse element. I.D. who else may have been uncomfortable or offended to understand their views. If one or more agree with you, explain you are going to address this as below:
Speak to the guy ‘off-line’ explain that you and some others do not appreciate his idea of humour and be clear you expect him never to repeat it.
If he apologises and promises never to do it again (didn’t realise etc., etc) then that is the end of the matter…but keep notes of what was said, when and who was there –
any repeat, and you go straight to MD.
If you are the only person with an issue, then expect more of the same and the next joke to come from a.n.other …so you go to the MD now, as there is a serious culture problem, he needs to know you are not accepting it and what is he doing etc. He must take formal action!
Don’t let it go, or will continue and create problems for you: you may react and do something you regret or bottle it up… which could be worse.
Give me a bell !
HH
M
whitedoghunch.
No,But they can grease me up any time they want.
Ceaser67
am assumin you are reffering to Radio Clyde
ach
just that they were each and all giving up on their club
not only giving up on the league
but giving up maybe on next season’s league too
talk of buyin very young players, payin them low salary
bringing them thro and so on
how they had a fella in from Estonia on trial last week and couldn’t afford to offer him a deal even tho he is a free transfer – hence Alastair didn’t even bother to phone the laddy back again “very un-rangers” was the phrase used if i am not mistaken
:)
T C 23.34
H H
OK Got it!! Some much stuff!!! <);)0)
.
OldTim67..
Need to Have a Meet when I’m back for the Summer..Was well busy Last Year had the Ghirls with Me so Done a Few Trips..
Missed Aberdour was in Greece..Paul67 changed the Dates on Me..:O(..
Don’t know if you seen My post the Other day..My Sister is a Manager with W Grants so Get Your Order in..
001Bhoy
T C
Im liken this Guidi one. Cant wait to hear his side of it. Always sounds a right pompus gittttt!!!! Him and keevins had a right spatt abt a year ago cos guidi wouldnt reveal where he got some inside info. That was funny.
The deCameron view cam backdrop of rollicking tory teenage tax absorbers
as bank deposit fodder for pension fraud robber…Barons and weekend sleepover
champions the rebekka de blank old money Rupert enforced war sponsored and
first dibs any World Capital intrusion the Tyrant Lynching of anti-NoW desposts.
Monsieur Murdock….comme un Vache.
HH
Summa of Sammi.
Is that Wm Grants whisky.I would do a shop there but where’s she at,I would need someone to put an order in for me,nudge nudge wink wink.
THE EXILED TIM says:
23 January, 2012 at 23:43
Just for a wee laugh, nothing to do with footy or the hun, just as funny as feck.
http://www.youtube.com/watch_popup?v=EVwlMVYqMu4&vq=medium#t=125
——————————–
thats brilliant.
Greenlion and TommyTwistsTommyTurns in Leos cafe.
modern phones eh, capture everything except the Rangers tax case
.
OldTim67..
She is in Their ML4 Plant..Yea..Wm Grant..Check out the Website..or email me What you Like and I’ll ask her to Recommend some..
bhoysofoz@gmail.com
001Bhoy
saltires en sevilla says:
23 January, 2012 at 23:55
your passages from Jimmy McGrory book were good these last few days.
keep it lit.
23yr old CB – fricson erazo, etc