Somewhere on an upper floor at Hampden SFA and SPL high office holders will be mulling over player contracts submitted by Rangers over the last decade, including for players still registered at the club.
They will compare what they have on file with yesterday’s revelations in The Sun. As far as the football authorities are concerned, everything will be in good order if Rangers submitted these side contracts, which featured appearance money, to the league and SFA.
But, if the club submitted these contracts to the football authorities, they would have to declare them to the tax authorities as income.
It would be good to hear from some of the very vocal former directors of Rangers on this subject, especially the one currently president of the SFA.
This matter has nothing to do with Our Hero, remember, who is currently drawing fire away from those who put Rangers into danger in the first place, however, Mr Whyte is wholly responsible for the “public censure” issued to Rangers by the Plus Stock Exchange today. The resultant £50k fine the least of the club’s worries.
Issue six of CQN Magazine, the Fit and Proper edition, is set to become a landmark collectors item. You can browse the magazine online here but you can buy your own hard copy by clicking on the link below. Read with 20-20 vision…..
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goldstar10 says:
27 February, 2012 at 16:11
Any confirmation how much Duff and Phelps will be charging us for the visit on 25/3?
I’m just looking forward to the extremely crap team they’ll be picking on the day if it ever gets played.
Maybe they’ll get to keep Ally’s job in the NotReallyRangers FC if they make a good fist of it so to speak ?
The new Cloughie and Peter Taylor is how they see themselves.
Score prediction: 10-1 as Mark Hately allowed to scramble home a consolation goal because he paid handsomely
to play in this last ever Glasgow Derby and all the Celtic defenders were too busy laughing to get in a tackle.
pigalle
yes Houl yer wheest
canamalar,
Where are you getting this 7% figure from?
blantyrekev . thanks for that mate . knew something happened .,seems a lot of take in 500k for 50k give all the same
jimtim
Oldtim @ 16.07
I have to disagree.
They will survive in one form or the other.
The bigot pound will still be huge business.
Once the go there will be huge gap in the market.
Someone or something will fill it.
TFOD background will be huge in this.
Looking at three ways out
1) CVA – Wee Eck sorts out the HMRC.
Taxpayer happy but TFOD hobbled with annual re-payment.
2) Organised – Football pre-pack sold as a going concern.
Need to sort out the floating charge / Ticketus but they would have a squad.
Pennies in the pound for HMRC et al.
3) Dis-organised – Hot auction room action for the TFOD bit by bit.
The player contracts revert to the SFA / SPL so they would be starting from scratch.
Also the floating charge would mean that Ibrox / MP would be in the hands of …
… CW / Ticketus / AN Other / HMRC.
Could get messy.
Probably very few pennies in the pound for the HMRC.
They might end up owning the Inland Revenue Arena.
GCC / SECC would love that – fire sale price and stick a roof on it.
It would have been a lot cheaper than building the ‘Hydro’.
That is why I say games are getting played.
The more desperate the administrators get the lower the cost of Option 2 becomes.
I would describe it as a Dutch auction at the moment.
They have to wave the liquidation card to try and smoke out the interested buyers.
See these double contracts … Are they legal in UEFA competition?
ROGUE LEADER 1604
Blinkin’ flip. You couldnae make it up,and then they surprise us all by,erm,making it up.
I really do not know what drives that level of hatred,but can I bounce a wee question here?
To them,obviously.
What is worse,a humourous wee GIRUY,admittedly when yer suffering,about celebrating wi jelly and ice-cream?
Or having a stadium-full of morons chanting “What’s it like to live in fear”‘and have NOT ONE SINGLE PERSON IN AUTHORITY DO A DAMNED THING ABOUT IT?
Well the guy was right.
Rangers are going nowhere…
Fast.
U
Gordon. you’re right, the wording is that they will forego their share rather than donate it. I suppose that begs the question indeed as also pointed out, whether the income is therefore taxable. I can’t see how it would not be VATable.
Also, who is handling the cash? It must be Rangers (IA). What hope have AC Milan got of getting their charity’s share when DUFC et al are waiting for theirs?
In any event, at an average of £10 per ticket you’re looking at £500k gate receipts, less direct costs (police, stewards, utilities, and travel reimbursments etc), so net income generously £400k. VAT £67k. £333k split two ways (if AC Milan ever receive theirs), the overall contribution to the RFC PLC (IA) cause is about £167k.
That’s about 4 weeks fees for Duff and Phelps.
What price dignity?
Gordon_J backing Neil Lennon says:
27 February, 2012 at 13:14
Bit late in catching your post. I always thought that the best part of work experience was putting my hand out for my wages.
Rogue Leader, their club is going down the toilet quicker than Sunday morning sick ( copyright JF ) and they resort to trying to blacken our name. Firstly Jelly and Ice Cream is an IRA code word, now it’s an IRA Song, now we were liquidated in 94!! You would think they had nothing to worry about eh!
SffS
What sexiest title have Donegalers been awarded?
today at 8:49 am
The recent earthquake in Donegal may have been an awful ordeal, but Donegalers have been dealt some comfort by the news that they are in possession of the sexiest Irish accent.
According to a new survey by the dating website Parship.ie over 42 per cent of girls and 39 per cent of lads thinks the Donegal accent is the bee knees.
Tipperary member of the Saturdays, Una Healy, will have less to celebrate, though, with the news that the Tipp accent scored the lowest of all counties on the list.
The survey also threw up a few interesting differences in the sexes. Fewer than one in 10 men thought an accent was important. But the 20 per cent of women took a man’s brogue into account when on the pull.
The website also found that almost half of Irish men surveyed think Gráinne Seoige’s accent is sexiest Irish celebrity accent.
Averil Mulcahy told the Irish Daily Star that aacents can stick in your mind. “We all know the distinctive voice of our favourite celebrity. It might sound assertive, confident, powerful or just downright sexy,” she said.
The Donegal lads will be hitting the town tonight. They’ll have to go outside the county for their accent to take effect though.
Plundering a Charity Fund. Lower than a snakes belly that lot…
HH
RogueLeader says:
27 February, 2012 at 16:04
FF claiming the jelly and ice cream song is because IRA prisoners used to eat that before they were released from the Maze prison and want us sanctioned for singing it.
You would think these cretins would have more to worry about than that sort of garbage. It is utterly ludicrous
notthebus says:
27 February, 2012 at 16:13
Sure it must have been mentioned before on here but FC United have been singing this for years about the Glazers(still waiting I believe!)
See below video which dates from 2007 I think.
http://www.youtube.com/watch?v=epqG_OWS-28
Ranjurs fans associating the jelly and ice cream song with republican prisoners just proves what I’ve always said. No matter what Celtic fans sing, they will take offence.
It will all be academic very soon anyway.
Keep on gloating.
Notthebus 16.13
Ulster,they have not got a clue.Cavan,Monaghan and Donegal,no Brits there.Slan
Gordon_J backing Neil Lennon
Seriously?
Well done to you.
HH
Pmacgiollabhain Phil MacGiollaBhain
Excellent source:” UEFA very interested to learn more about the alleged two contract situation at RFC.”
BlantyreKev – Parcel=> says:
27 February, 2012 at 16:18
jimtim says:
27 February, 2012 at 16:10
Was it not the case that SDM’s son organised the ‘event’ and conspiracy theorists suspected he was a major beneficiary of the charity?
BlantyreKev,
Indeed. I wouldn’t be holding my breath if I was trying to get any money out of them right now.
Talking of charities, the story that the poppy fund money they collected has not been passed on is still out there. No idea if it is true or not though.
notthebus says:
27 February, 2012 at 16:13
———————————-
“and Rangers are going nowhere”.. At least they got that bit right.
Last week they claimed “Jelly & Ice Cream” was an IRA code word used in bomb warnings.
Dearie me….
good afternoon all,
had to take the young Manalishi to a gig in Pitlochry on Sat, was listening to match on the way up, making my usual remarks about jelly & ice cream. As we turned into the village there was a huge rainbow and were driving right towards the end, my duaghter insisted I stop as she wanted to photograph it, after the photograph she reminded me of a poem I used to recite to her by the late, great Spike Milligan, which contained the line “a rainbow of ice creams” how appropriate. I thought if any of our GB are on we should try something like this or maybe to paraphrase the great man “A rainbow of Jelly & Ice Cream.
HH
Raymac @ 16.15
You took the words right out of my mouth.
The ‘Henry’ gave KC the idea for Field of Dreams.
If you build it they will come.
If only Caterpillar / Black and Decker / BMW / Ping built vacuums.
Then men would be happy to do a bit around the house.
craigie on ssn
MAD MITCH 1606
Your points about screwdriver-and I will add soldering-iron plants is totally valid.
You must have heard one of my many discussions with the local Kilwinning millionaire about how ANYONE could have made money paying two quid an hour!
I agree with what you say about Dyson,though. He is finding to his cost that his move didn’t work as well as he thought.
But he didn’t move abroad on a whim. Give him a break on that at least. He wanted to expand,with around 2,500 new jobs.
They told him to FO
He said GIRUY.
Canny blame him.
BTW,CW on SSN at the moment-couldnae resist the initials!
hes not walking away
BlantyreKev – Parcel=> says:
27 February, 2012 at 16:25
Also, who is handling the cash? It must be Rangers (IA). What hope have AC Milan got of getting their charity’s share when DUFC et al are waiting for theirs?
——
If it is Rangers(IA) then the administrators are legally bound to pay it from whatever cash RIA might have as it is a new debt incurred since administration.
fritzsong says:
27 February, 2012 at 16:30
not sure about that mate . just remember something not right .
jimtim
A word of thanks to Declan,
after driving up from England, caught his post from around 4pm on Friday with regards to “Uttering”
Explained everything in clear succint terminolgy to the humble layman like myself. Pure Magic.
Thanks Dec.
HH
this guy has balls jim can get straight answer (there will be more pain)
Not only is this getting worse for the huns it could very soon be getting funnier
Heard today from very reliable punter that Craig Whyte is lodging complaint against BBC for damages totally 300k. He wouldnt let me tell you the Edi law firm but I’m trying to twist his arm.
The huns are so thick they deserve everything thats coming towards them
Their stinking club is fast approaching the rocks but what are the motely crew interested in?
Jelly and ice cream being a RA code
CFC being liquidated in 1994 – though there is a certain flawed logic at work here – after all we have been first to do most things – like 9IAR !
Excellent article on CU about Minty’s role in the huns and BoS’ downfall
Cannot do the link thing unfortunately
HH
Gordon J…,
I was charites chairman for a college a long time ago, we raised a fair sum and when it came time to distribution, the board chair asked the executive for suggestions on how to spend the rest of the money, completely ignorant of what he was tlkng about, I was advised that 7% was all that was needed by law to go to the charity. Having no idea of this, I duely advised the cash had already been issued to the charity gav them the reciept and resigned, told them who they would need to contact at the qrganisation for the refund, needless to say they had a problem with short changing the charity with such a request.
EK BHOY 1619
“PETROL MONEY” was the comment alluded to him,and printed in the papers.
graig now dosent have timescale to get out of admin he be in glasgow soon
Is this guy (MBB) for real?
He’s just said on SSN that being disqualified as a director for 7 years was an ‘irrelevence’……
What a choob!
Even if they survive financially. Football wise they are facing complete oblivion.
UEFA should ban them for every year this went on on top of the 3 year ban that will occur. See you in Europe in 2025 bares…
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS says:
27 February, 2012 at 16:40
Many thanks, I thought I dreamt that … makes more interesting reading now!