Strathclyde Police were Rangers first creditor to ask for a payment guarantee from Rangers’ newly appointed administrator, saying, “Strathclyde Police is a public body and has a duty to make sure public resources are used appropriately. We are seeking an urgent meeting with the administrators to ensure that any payment for policing costs at future Rangers games is guaranteed.
“Until we have such a guarantee we would not be in a position to commit public resources to policing an event unless we had a reassurance that our costs would be met.”
Before the administrator is able to allow the scheduled game against Kilmarnock on Saturday to proceed he would need to guarantee payments for all services employed and goods used, casting considerable doubt on the game proceeding. The administrator is liable for any expenses he incurs from now which cannot be paid by the club.
Funds will need to be found for turnstile and security staff, while footballers may be asked to play for free.
One final push (this week) for the Vanessa Riddle Appeal. We have a Celtic top signed by the first team squad available to auction on eBay. You can bid on the auction and help send Vanessa for the treatment she needs by clicking here. Thanks to Penfold for the donation and to Taggsybhoy for organising (yet again).
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I especially like when tomb123 said he isn’t 100%
Words cannot express how hugely disappointed I am with news of today’s appointment of administrators to The Rangers Football Club PLC (the Club).
“The timing of the appointment of administrators is especially surprising given two facts. Firstly, there has been no decision, and there is no present indication as to the timing of a decision, from the first-tier tax tribunal concerning the potential claim from HMRC of £36.5million excluding interest and penalties. Secondly, legal opinion on the strength of the Club’s case remains favourable.
“Following a protracted sale process over a three-year period, Murray International Holdings Limited (MIH) ultimately sold its 85% controlling shareholding in the Club to Wavetower Limited (“Wavetower” now renamed The Rangers FC Group Limited), a company wholly owned by Craig Whyte, in good faith on 6 May 2011.
“In addition, the share purchase agreement (“SPA”) imposed a number of obligations on Wavetower. These included the retention of £9.5m on behalf of the Club for investment in the playing squad, expenditure on the infrastructure of the stadium and settlement of an agreed tax liability, together with the availability of working capital to fund the Club’s operations. The Shareholder’s Circular issued by Wavetower on 3 June 2011 confirmed these undertakings.
“Contrary to recent press speculation, there is no legal mechanism in the SPA for MIH to reacquire the Club.
“MIH wrote to Wavetower on 25 August 2011 seeking confirmation that its various obligations were being complied with. A confirmatory assurance was eventually obtained on 3 January 2012. Following recent speculation concerning the financing and security arrangements put in place by Wavetower, a request was issued seeking further clarity. At the time of this announcement, no response has been forthcoming.
“At the time of relinquishing control over the Club, MIH endeavoured to ensure the future of the Club through the various commitments and undertakings of Wavetower. MIH received no consideration for the sale of its controlling shareholding, but instead agreed terms attaching to the sale of its stake in the Club to ensure an immediate and substantial improvement in the Club’s financial position, as well as a significant investment in the Club and its playing squad.
“In May 2011, the sale to Wavetower presented the best available path for the Club’s future and was reasonable given all the circumstances existing at the time. Contrary to numerous reports, there were also no viable alternative offers made in advance of the sale.
“MIH is saddened by the appointment of administrators.
“It recognises the tax-tribunal proceedings have stemmed from arrangements put in place during the time of its ownership.
“However, these arrangements and details of the proceedings were fully disclosed by the Club to Wavetower and Craig Whyte in the due diligence process.”
From SDM
Douglas Fraser @BBCDouglsFraser
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HMRC hints heavily that Craig Whyte and #Rangers have been withholding the tax deducted from wages of players and staff
Oh dear, this just gets better and better!!
Yurcl
its wisnae me
sounds like dave is also passing the parcel
Has the kit man signed on yet?
A game of charades anyone?
MAD MITCH.
Cheers,bud. Committed the cardinal sin of a typo when AWE NAW’s on.
I’ll never hear the end of it,and it’s all your fault.
Simply the Bust
NorthAntrimBhoy says:
14 February, 2012 at 16:34
Between Folly Folly and the MSM (Keevins, Traynor, Spiers, Guidi, Jackson, King) I’m not sure which is the bigger Confederacy of Dunces.
http://www.bbc.co.uk/sport/football/scottish-premier/table
I’m at work and just been told to stop smiling so much. Think it’s upsetting a few people.
CQN these days is as fast as Lamborghini.
How does the Rangers supporter feel these days?
He does feel like F5 on the last day of the transfer window.
I write short post while on page 1 and it gets on page 4 when finished.
RogueLeader – philvis – He is still there. He phoenixed. He is now called Bobby Bungalow and still keeps questionable company
Bobby Bungalow?
Billy Bedsit would have been more fitting.
Or how about Bankrupt Bear? (thumbsup)
Today’s events are , at least partly , due to the slow but sure dragging into the light of what Murray and Rangers managed for years by their cynical but skilful manipulation of the press to keep hidden. Without the internet and the freedom of expression it provides this might not have happened at all and certainly wouldn’t have happened in the “real time” way we have experienced today.
For that Paul67 , RTC and many others are due the thanks of this generation of Celtic fans.
Our fathers remembered 25 5 1967 as a great day to be a Celtic fan.
That day has led to this.
Rangers have ruined themselves in trying to emulate it. It was too cold in our shadow.
The ultimate irony is that the only way they could prevent their supposed idol and figurehead from finishing them off was to self immolate.
Whatever else happens their history has been officially and formally tarnished. Perhaps the more extreme elements among their support might learn some humility from the whole episode.
Madmitch
30k crowds it was 17k at the weekend ?
How many to watch Broadfoot in his central midfield role urged on by Dick Advocaat Campbell
Are you a hun ?
Hail Hail
Mitch – still a huge amount of money and they’d be buying a bad business in particular (huns) in a bad business in general (scottish football). I just don’t think there is a person out there who would be prepared to buy Rangers. This isn’t 1994 when there was a lot of scope for the 2nd placed Glasgow club to grow.
there was a young man they called whyte
who pretended he the rangers white knight
he had lots to invest
he was simply the best
but sadly he was just takin shite!
Kojo says:
14 February, 2012 at 16:22
Sir Paul
“Anither Fine Mess Ye hiv Goat us intae, Davie!”
“Davie?.. D’ye no mean, Craigie?”
“O.K… Point Taken. Howevah…
======
KOJO, SURELY YOU MEAN “10 POINTS” TAKEN?
JM: Now for some sport. Raman?
RB: Evening John. Yes breaking news tonight that following yesterday’s dismal financial results, Celtic’s week goes from bad to worse with revelations that Strathclyde Police are threatening to boycott Old Firm matches. More later. Back to you John.
JM: Thanks Raman.
Anyone heard from Paul67?
Concerned :D
Blog is flying along today!
Repost
And as if to rub salt in their wounds, the big screen at Manchester Piccadilly gardens defiantly flickers on, showing an advert for Lloyds tsb.
http://img689.imageshack.us/i/imag0379ss.jpg/
Thread just went up on FF.
This is exactly why their dense support are going to walk like blind Lemmings over the cliff. On a day they go into admin. Lose 10 points and when it is found out their owner has another missing £10m deducted from staff that has vanished they want to know the answer to this question:
So Strathclyde Police want assurance about payment for Saturdays game for Police attendance,
Can I ask them did the Catholic Church pay for any Policing at the Popes visit
To Scotland recently.
Unprecedented quadruple???
Remember that……………………….??
Administration for surrenderFC?
Thatcher goes to hell?
Paisley leaves us for ever?
Kit man on the buroo?
Now that what I call a Carlsberg moment…………….:0)
True colours coming out in that thread
One response:
He was invited therfore no need for the church to pay anything, and yes i am a Catholic and was there.
Answer
f*** off Declan. We don’t need to pretend to want taig fans any more – what can they do…dock points?
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS says:
14 February, 2012 at 16:37
where ?
I canny see it … losing ma touch so ahm mur
Hail Hail
Question Number 23.
Engish Appreciatioin … Room 10!
” Who Wid ye Liken Craigie, Tae ..If He Wur an Historical Figure
Wid He be Likened ..Mair, as tae.. King Canute… or.. as tae,the Caesar, Nero?”
“Neethur, Ah wid Liken ,Craigie.. Mair as tae,the Captain o the Titanic!”
Kojo
Oh what a day, with all the excitement i forgot to get Mrs Dew her flowers, might swing by ipox and grab a bunch from the gates later.
Has anyone else noticed since monday the Celtic v ICT highlights on the bbc have expired (surely they don’t expire that quick) while the other highlights are still live?
Someone must be hurting – if we’re in administration they’re no getting their highlights!
Weeks ago I posted on Phil Mac’s site,the question,”Is C.W. going to jail?” No one replied.
I wonder what the betting is now. And do we have an extradition treaty with Monaco? Coz that’s where the gobshite will be running to….not to escape the taxman & the polis,but to hide from The Orc lynchmob! ROFL & GIRFUY!
Madmitch
30 k crowds at ibroke
Post of the day.
That’s funny man..
RogueLeader – Soon there’ll be no Rangers fans at all… (thumbsup)
I can see more points getting deducted
This sat, if the game is on, will be a return to the good old days. Full song list. No holds barred. See what happens when you back them in a corner
Oh, the shark, babe, has such teeth, dear
And it shows them pearly white
Just a jackknife has old MacHeath, babe
And he keeps it, out of sight
Ya know when that shark bites with his teeth, babe
Scarlet billows start to spread
Fancy gloves, oh, wears old MacHeath, babe
So there’s never, never a trace of red
Now on the sidewalk, huh, huh, whoo sunny mornin’, uh huh
Lies a body oozin’ life, eek
And someone’s seein’round the corner
Could that someone be Mack the Knife?
There’s a tugboat, huh, huh, huh down by the river don’tcha know
Where a cement bag just droopin’ on down
Oh, that cement is just, it’s there for the weight, dear
Five’s get ya ten old Macky’s back in town
Now d’ja hear ’bout Louie Miller? He disappeared, babe
After drawin’ out all his hard-earned cash
And now MacHeath spends just like a sailor
Could it be our boy’s done somethin’ rash?
Now Jenny Diver, ho, ho, yer, Sukey Tawdry
Ooh, Miss Lotte Lenya and old Lucy Brown
Oh, the line forms on the right, babe
Now that Macky’s back in town
I said Jenny Diver, wow, Sukey Tawdry
look out Miss Lotte Lenya and old Lucy Brown
Yes, that line forms on the right, babe
Now that Macky’s back in town………………..
…….. look out old mack is back
GOD BLESS TOMMY BURNS
http://tinypic.com/player.php?v=34skscw&s=5
History….history
Third Lanark
Fourth Rangers?
AWE NAW
My post wi the fat fingers at 1635
And so to bed for preparation for a nightshift,and knowing I’ll at least have a big smile when I waken!
Memo to Peter Lawell -summer football jelly & ice cream 55,000 £3 a plate= loads of lolly
We’re gonny need a bigger stadium
Kojo says:
14 February, 2012 at 16:43
———–
He reminds me of Norman Wisdom with the ubiquitous hands in pockets. All he needs to do is trip and fall down the steps when making his next heckled speech.
Now this could be post administration blues (no pun intended) but ive just been told by one of thems that those players with minimal time left on their contracts will be offski THIS WEEK
Papac..Healy..Aluko…Kerkar…Bartley back to Arsenal…and Cousin wont kick a ball for them,
apparently confirmed at the lodge meeting his am at HMRC Park
will it be icing on the party cake?
RogueLeader says:
from rangers media
“now we know what RC in HMRC stands for”
reprobrates
UC
Paul
Perhaps now would be a good time to issue an appeal for a full independent and transparent inquiry into Taxgate
Who knows perhaps even RFC fans can now see the need for such an inquiry to find out who knew what and when they knew it?
The entire population has been cheated out of millions of pounds of tax that could have funded schools,hospital etc
This is a scandal of epic proportions
The role of the SFA needs to be part of such an inquiry as they have to answer when/if they knew about the second contracts that these players had.
Have the SFA been duped by RFC ? or did they know and turned a blind eye without informing HMRC?
Morally the buns have been found guilty of cheating/financial doping but the existence of second contracts means that these players registrations were null and void and should be thus deem inelligible for any and all games that they patricipated in
Scottish football needs to be cleansed of this scandal before it can move on
Bring on Taxgate!
HH