Stewart Regan today gave a welcome update on the SFA’s on-going investigation into Rangers. In response to Hugh Adam’s comments in today’s Daily Mail, Regan said:
“We are, however, aware of the most recent allegations made against Rangers FC today by a former director of the club. We shall investigate this matter thoroughly before making any further comment.”
SFA president, Campell Ogilvie, was general secretary and director of Rangers from 1978 until 2005. News broke about HMRC’s dispute over Rangers Employment Benefit Trust in 2010, you knew then, I knew then, the SFA knew then, but Ogilvie was subsequently elevated to the role of SFA president in 2011. He is still on the SFA board.
We have waited almost two years the hear the SFA would investigate this matter. Now, with all the old certainties crumbling down around them, they realise they must act.
Can I be the first to congratulate Dundee FC on winning the Scottish Cup in 2003.
1,494 Comments- Pages:
- «
- 1
- ...
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- ...
- 40
- »
The Moon Bhoys on 2 March, 2012 at 14:48 said:
######
They probably will get away with it!
Always expext the unimaginable where the ‘slippery’ ones are concerned!
The huns are hurting big-time!
Keep yer guard-up – CSC
The administrators are behaving with rank cowardice here. They have a legal obligation to the creditors, not to Rangers FC. The gate tomorrow is assured whichever team Orcs XI can put on the park.
They are bottle merchants, or they are up to their necks in something.
There has never been an administration like it.
Jim White on SSN, “…the day Ally McCoist fought to save his players from redundancy….”. Fud!
expext = expect
Joe Filippis Haircut – those funds have been ring fenced per a hearing on the 8th to see if the judge will release them to Duff & Phelps. It is not yet known whether Collyer Bristow will contest this on the 8th. It is far far from certain D&P will get the money or even if it will be settled on the 8th.
This stuff has nothing to do with redundancies, nor can it as it is uncertain whether the money will even be awarded. They MUST happen anyway.
Richie, shhhh.
playfusbal4dguilders, we’re all losing track on redundancices.
pigalle, email coming to you.
seventyxseven :-)
‘GG, we’re no’ getin’ a bigger server!
No.7, I expect Celtic to act on the comments on BBC last night.
KevJungle, thank you for your kind support.
TheOriginalSadiesBhoy, lots tf time left yet.
savo01 :-)
philvisreturns :-)
Vmham, cheers.
twists n turns ha!
JamsieBhoy, I’m open to ideas on that one.
voguepunter, I hear you.
jockcfc, cheers.
up_over_goal on 2 March, 2012 at 14:59 said:
McCourt?? Not even a bench warmer anymore.
Forster
Matthews Rogne Wilson Mulgrew
Forrest Wanyama Ledley Commons
Stokes Hooper
Broonie for Commons if he’s fit.
JF – if you go with the thought that D&P are setting up liquidation it all makes perfect sense. They were Whyte’s chosen men. Whyte’s decision. We all know how good his decision making is and how often it is for the benefit of anyone other than Mr Craig Whyte
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 2 March, 2012 at 13:20 said:
lennon’s passion on 2 March, 2012 at 13:18 said:
In your opinion but a highly accurate one so I will say it again.
Walter Smith OBE and Ally Mc Coist knew they had cheated Tommy Burns when they carried his dead body to its grave.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Balls of steel,mate.
Well said.
James Forrest is The Emperor of Ice Cream on 2 March, 2012 at 15:01 said:
There has never been an administration like it.
########################
You have to remember……
Rules don’t apply to the huns!
Where have you been for the last 140 years ? :o)))
Hail! Hail!
Morning All,
I wonder if the broken club is trying to get the staff to sign confidentiality clauses before dumping them.
The last thing they would want is for the players to go blabbing to the press (or SFA/UEFA inquiries)
Hail Hail
I went to a party at the local county jail
All the huns were dancing and the band began to wail
But the guys were indiscreet
They were brawling in the street
At the local dance at the local county jail
Well the band were playing
And the booze began to flow
But the sound came over on the police car radio
Down at Precinct 49
Having a tear-gas of a time
Sergeant Corrigan got a call from the governor of the county jail
Load up, load up, load up with rubber bullets
Load up, load up, load up with rubber bullets
I love to hear those convicts squeal
It’s a shame these slugs ain’t real
But we can’t have dancin’ at the local county jail
Sergeant Corrigan and his men made a bee-line for the jail
And for miles around
You could hear the sirens wail
There’s a rumor goin’ round death row
That a fuse is gonna blow
At the local hop at the local county jail
Whatcha gonna do about it, whatcha gonna do
Whatcha gonna do about it, whatcha gonna do
Sergeant Corrigan started talkin’
With a bullhorn in his hand
He was cool, he was clear
He was always in command
He said “Blood will flow;
Here Padre
Padre you talk to your bhoys…”
“Trust in me –
God will come to set you free”
Well we don’t understand
Why you called in the National Guard
When Uncle Sam is the one
Who belongs in the exercise yard
We all got balls and brains
But some’s got balls and chains
At the local dance at the local county jail
Load up, load up, load up with rubber bullets
Load up, load up, load up with rubber bullets
Is it really such a crime
For a guy to spend his time
At the local dance at the local county jail
At the local dance at the local county jail
Whatcha gonna do about it, whatcha gonna do
Whatcha gonna do about it, whatcha gonna do
Kayal33
That defence is stultifyingly boring – if the team are to play good, passing football, they need to start attacks from the back, and that means having a ball-playing CB. That’s why Mulgrew+1 is better than Rogne/Wilson, the two heidin’ goons.
Have the creditors had a single penny yet? No.
Has a CVA even been put together yet? No.
They are seeking to go to the creditors later this month, having paid £3 million in salary for February and God knows what in March, when they should have started cutting on Day One, and asking them to accept settlements?
If I were owed a penny – one string bean – from these people I would not accept less. I would be banging down their door right now.
RT @STVRaman: Ally McCoist and players’ union chief Fraser Wishart in meeting RFC administrators right now.
Jinky Compilation
http://www.youtube.com/watch?v=Bm6-pf5Fhtk&feature=channel
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 2 March, 2012 @15:04
Balls of steel,mate.
#############################
Sorry for butting-in m8 but, more like balls of brass, just like their necks! IMO! :o)))
Hail! Hail!
RogueLeader. I agree with most of what you say however,the administrators will try to keep the business running and look for a purchaser.Now as long as they have funds they can stave off reundancies but as you and I both know the money will run out and redundacies will be inevitable, how deep they are depends currently on the decision of the playing staff.The situation is of course fluid and the time is very likely to come when money has run out and there are no interested buyers and liqidation will take place.H.H.
up_over_goal on 2 March, 2012 at 15:09 said:
the first job of the defence is to stop other teams scoring, that’s the foundation that allows the attack minded players to do their stuff.
6 clean sheets on the bounce and 2 goals lost in 12 games shows the management team know what they’re doing ;-)
JF – D&P have not taken any significant steps to either 1) Increase Revenue or 2) Reduce Costs.
Both are mightily simple to do at a football club. 1) Cancel Season Books and implement pay at the door 2) Ditch high earning players
Rangers are going to keep the court system very very busy over the next, oh, 5 – 8 years I think.
Joe Filippis Haircut – problem with that is the money they have that you mention is a company asset and could be used to pay creditors. If by their actions they have worsened the position of creditors….
Hanging on for a miracle is not the remit of an administrator.
has campbell ogilvie resigned yet?
If Ally can’t bring himself to advise Duff & Phelps on sackings, er, what’s the point in him being there?
Can’t wait to see them gettin hammered again while he stands there lookin aw Churchillian an that.
Lots of Bob Dylan being quoted on here in the last few days. This is from the sleeve notes (remember those?) from Blood On The Tracks.
In the end, the plague touched us all. It was not confined to the Oran of Camus. No. It turned up again in America, breeding in-a-compost of greed and uselessness and murder, in those places where statesmen and generals stash the bodies of the forever young. The plague ran in the blood of men in sharkskin suits, who ran for President promising life and delivering death. The infected young men machine-gunned babies in Asian ditches; they marshalled metal death through the mighty clouds, up above God’s green earth, released it in silent streams, and moved on, while the hospitals exploded and green fields were churned to mud.
And here at home, something died. The bacillus moved among us, slaying that old America where the immigrants lit a million dreams in the shadows of the bridges, killing the great brawling country of barnstormers and wobblies and home-run hitters, the place of Betty Grable and Carl Furillo and heavyweight champions of the world. And through the fog of the plague, most art withered into journalism. Painters lift the easel to scrawl their innocence on walls and manifestos. Symphonies died on crowded roads. Novels served as furnished rooms for ideology.
And as the evidence piled up, as the rock was pushed back to reveal the worms, many retreated into that past that never was, the place of balcony dreams in Loew’s Met, fair women and honorable men, where we browned ourselves in the Creamsicle summers, only faintly hearing the young men march to the troopships, while Jo Stafford gladly promised her fidelity. Poor America. Tossed on a pilgrim tide. Land where the poets died.
Except for Dylan.
Have STV jumped the gun with this headline from newsnow, or did they just have several stories ready?
Rangers make eleven players redundant STV 14:52
Link takes you to the “players head home” story whihc is listed just above it on newsnow.
Tick tock..
I suddenly realised .. The tax dodgers actually believe they’re above the law..
The peepel don’t do tax or administration.. Why else does it take so long.. They’re arguing about how it’s not fair on them , no doubt..
Liquidate them…..
Anybody remember Juan Manuel Ortiz.
Signed for Rangers in the summer and was unspectacular. Moved back to almeria on loan and has now scored 4 goals in 4 games.
Mort
iBhoy – there is apparently a media embargo on that info and is the likely outcome. What they are haggling over just now is beyond me….maybe Ally is trying to negotiate the left over pies from tomorrows game in lieu of payment
On 9th May 2008 I, like many other people on here, was at Celtic Park celebrating our win against St Johnstone and our first championship for 10 years. I smelled that glove and the smell was sweet. The following Wednesday ” The View” came out and it was revealed that one our two celebrities had been at the game also, The Barenaked Ladies (from Canada) and the guys from ” Chewin’ the Fat” come to mind. Further on in “The View” there were congratulations from many people but the one that stuck in my mind was the one from The Levellers, it read “what a beautiful day”. The lyrics of which contain a date, 5th November, which is close to my heart because it was the date my youngest son( born a mad Tim) was born. It is also the date last year when the league table looked somewhat different from how it appears now. Ghuys and Ghirls I give you The Levellers:
What A Beautiful Day
What a beautiful day (hey hey)
I’m the king of all time
And nothing is impossible
In my all powerful mind
It was on the fifth of November, when time it went back
Some say that that’s impossible, but you and I we never looked back
And wasn’t it incredible, so beautiful and above all
Just to see the fuse get lit this time
To light a real bonfire, for all time
And what a beautiful day (hey hey)
Im the king of all time
And nothing is impossible
In my all powerful mind
I was drinking in my night club
It felt good to be back
When hepburn said I love you
And flynn said, make mine a double jack
Was then we planned the revolution
To make things better for all time
And when guevara said that was crazy
And ordered up a bottle of wine
And what a beautiful day (hey hey)
Im the king of all time (it’s a beuatiful day)
And nothing is impossible
In my all powerful mind
Instant Song Lyrics
And what a beautiful day (hey hey)
Im the king of all time (it’s a beautiful day)
And nothing is impossible
In my all powerful mind
In there on the big screen, every night I’ve seen
The way all things could be
For me, for me, for me, for me
The news broke after midnight
That we pulled the temples down without a sound
But the generals they were hiding out
The ministers, well! they’d all gone to ground
Wealth re-distribution, became the new solution
So I got a paper bag, but you got the one with all the holes
And what a beautiful day (hey hey)
Im the king of all time(it’s a beautiful day)
And nothing is impossible
In my all powerful mind
(What a beautiful day) what a beautiful day
I’m the king of all time (it’s a beautiful day)
And nothing is impossible
In my all powerful mind
Oh yea, nothing is impossibe
In my all powerful mind
That’s because nothing is impossible
In my own powerful mind
Rogueleader:
Exactly. The only thing they appear to have done in that regard is hived money from the sodding charity game, which puts them in breach of OSCR regulations.
Are these guys for real?
All these moves to “trap” funds smack of a smokescreen too. If all these people are working together; Whyte, Ticketus, the administrators, then they all get paid whoever’s account that money is sitting in.
It looks to me like not one fraud, not one scam, but a continuing series of on-going scams with no end in sight.
Kayal33
the first job of the defence is to stop other teamszzzzzzzzzzzzzzz BORING!
Let loose the Paddys of war on their ass.
Jim White on SSN, “…the day Ally McCoist fought to save his players from redundancy….”.
The only thing McCoist fought for today was his place at the front of the lunch queue
Joe Fillipi
Are the administrators not legally bound to liquidate the company as soon as it becomes apparent it cannot be saved and not simply wait until the money runs out?
HH
JFH 15.12 – agree that D&P will keep up the pretence of keeping the business going while they seek a buyer. They can argue that the only way the creditors will be paid is if a buyer is found.
Is it possible that the players about to go asked to play tomorrow to say goodbye to the hun hordes? One last hello, hello as a goodbye, goodbye?
I’m presuming Papac is suspended so he might have headed home early to start the packing.
I would love the cousins to beat them 4 – 1 tomorrow, with Marven (sic) scoring for them. Think of the quiz question we would have for all time:
Who was the last player to score for Rangers?
Thought we had finished with Paddy must play guff!
Team is playing with pace and workrate and great team ethic none of which Paddy has unfortunately
On another note just When are someone from the creditor side of this scenario going to show some balls and start screaming about Duff and Phelps spending THEIR money on dobs players salaries
This is one of the most dishonest actions i have seen!!
traditionalist88 – they are indeed. Waiting until the money runs out, when they know there is no option, worsens the position of the creditors and opens them up to consequences they do not want
traditionalist88 on 2 March, 2012 at 15:18
Are the administrators not legally bound to liquidate the company as soon as it becomes apparent it cannot be saved and not simply wait until the money runs out?
That’s my understanding. If just using up existing money until it runs out, then no need for administration.
An administrator is appointed to rescue a company and they have to work in the best interests of all creditors. This is usually achieved by way of a CVA being agreed by 75% of creditors. To my knowledge this hasn’t been done yet, nor has there been anything reported that this is likely to happen soon.
If they can’t get this agreed, the only way forward is liquidation and this has to happen as soon as possible so that any assets left in the company are not further depleted. Working capital will class as an asset and if there is no other option other than liquidation, an administrator cannot simply allow the money to run out before liquidation.
If the administrator knows or should know that liquidation is the only option, it has to happen very quickly. A delay which causes available funds to be depleted will constitute an offence, either fraudulent trading or wrongful trading. If proved, the administrator can be asked to contribute to the realised assets for creditors.
This is the important point. HMRC don’t really care where their money comes from, they just want paid what is due. Could they be playing a long game here? It’s taken so long for them to get their money, another year or so won’t make much difference so could they have acquiesced to Duff and Phelps being appointed administrators hoping that if they give them enough rope, they could hang themselves?
Might be a bit far fetched, but Duff and Phelps are quite a large organisation and could make quite a substantial contribution to assets is any wrong doing was proved. HMRC could just sit it out and wait until liquidation and then send in investigators to see if Duff and Phelps did everything in their power to get as much for all creditors. If not, they could sue them for some contribution.
Like I say, it might not be likely but just one scenario I have thought off.
Mort