BBC today revealed that the SFA’s legal team are examining responses from the Associations 93 clubs to a letter dated 9 March, which reminded clubs of their responsibility to record financial records with the SFA and asking them to declare they have complied over the last 10 years.
The inquiry was established after reports that Rangers had illegally registered players for over a decade, excluding payments which were not taxed. We can presume that as the legal team are investigating, there was at least one response which returned a noncompliance.
The SFA issued a deadline for responses of 6 April and under Article 86.1 any club not responding in a timely manner would be in breach, so it’s unclear why it has taken over two months to get to this stage, so why the legal team are only “examining responses”.
We look forward to hearing an early comment on this crucial matter from the executive. It is enormously unfortunate that the SFA were unable to inform their AGM of the findings on Wednesday. BBC report that the Association legal team have yet to report to the Compliance Officer, which is the next step.
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lennon’s passion
I’d be amazed if the CVA was accepted, too may TBC’s in it for a start. I think Greeny and co would be amazed too.
lennon’s passion on 9 June, 2012 at 11:26 said:
Huns CVA will go through on Thursday,HMRC will roll over.Get used to it bhoys it will save you a lot of pain
……………………………………………………………………..
You’re clearly a “glass half empty” man. I don’t think it will go through. HMRC will veto it and I think Ticketus will also veto it. It’s predicated on too many ifs, buts and maybes.
Craig Whyte will not sell his shares to Green as a result of its failure and RFC will be ‘liquidized’ – as Declan would have it.
Sorry if I’m missing something lads,if the transfer window is open why have there been no bids for McGregor,Davis,Naismith and co.if they are available for buttons?
Tricoloured Ribbon on 9 June, 2012 at 11:35 said:
Sorry if I’m missing something lads,if the transfer window is open why have there been no bids for McGregor,Davis,Naismith and co.if they are available for buttons?
………………………………………………………………
When RFC is liquidated next week they can walk for free instead of buttons – that’s why.
lennon’s passion on 9 June, 2012 at 11:26 said:
Huns CVA will go through on Thursday,HMRC will roll over.Get used to it bhoys it will save you a lot of pain
======================
prepping yourself for the worst? ain’t gonna happen. they are done, finished, fecked, fubared, wrecked, gone, bye bye…………………………
Tricoloured Ribbon
Because the only ones who rate them are their fans and the media in Scotland (sorry same thing).
Who in their right mind would pay 500k for Laffable Lafferty?
petec on 9 June, 2012 at 11:08 said:
I think Alex Thomson is safe and well back in London. Horrendous manipulation,murder and propaganda going on in Syria.
HH
lennon’s passion on 9 June, 2012 at 11:26 said:
Huns CVA will go through on Thursday,HMRC will roll over.Get used to it bhoys it will save you a lot of pain
how do you arrive at that!!!! HMRC are not going to be intimidated by the hun….they have NOTHING to gain and a lot to lose by rolling over…..in fact they have the liquidators in place, primed to do their job
Ok SadiesBhoy got it now.
If HMRC were going to roll over why would liquidators have been chosen?
Disnae mac sense tae me.
Coming to a football club near you very soon
Charles Green was keen to tell us that HMRC have had the CVA proposal for over a week and have not said anything yet.
Did he or D & P tell us how Hector voted in the postal ballot in april or why they had the proposal amended so the could approve it with them picking liquidators.
TICK TOCK
I can’t see any way that HMRC could possibly agree to such a vague CVA proposal. Up to 9p in the £ depending on lots of things – and to be paid once a few more things are resolved sometime?
Frankly I can’t see why even the small creditors could approve this. Liquidation is a better deal for them despite what D&P et al might say.
This saga has come too far now for their to be no casualties ,whether it be ragers ,Celtic ,CO,MSM,SFA,SPL ,GOT or the whole of Scottish football .
IMO the end game will out all the corruption that has prevailed in our game and even our country which has seen me and many like me being labelled paranoid .
HMRC know by liquidating the assets – the stadium, training ground and car park they get more than the CVA would give them and the big precedent to go after clubs in England who have done the same as Rangers or something similar.
Cannot see them saying aye, nae bother just screw everyone when we can get more back for the tax payer by going nuclear.
America ,Israel , and UK will be behind this free Syrian army. Arming them and encouraging them.
Lennon’s passion – your post seems to have stirred some passion on here.
If I were a superscoreboard regular I might say something stupid in response along the lines of “I would bet my mortgage on the CVA being rejected”
the CVA will not go through on Thursday.
Hail Hail
If (no laughing at the back) a CVA fails next week
“…The history,the traditions,everything that is great about this club is swept aside.”
Charles Green on Friday 8th june 2012
TICK TOCK TICK TOCK
With recent personal experience of Hector chasing me – very vigorously – over a relatively small disputed tax bill I will be both amazed and outraged if the Hvns ridiculous CVA is accepted.
Having seen the way HMRC treated me over my account I would say there is ZERO chance of this CVA going through.
The consequence of accepting this pittance will have corporations, businesses and individual screaming blue murder over why they are and have been paying their tax bills.
They are done for, thank heavens!
Regarding Fubar FC, I was interested that the Admins’ Resolutions were published some time after the CVA proposal. The CVA was published on the 29th May, while the ammended resolutions were published on 7th June.
I get the feeling that this is not simply news management on the part of D&P, but that the negotiations between D&P and HMRC over the wording and substance of the Resolutions were protracted.
D&P consenting to step down and be replaced by HMRC’s guys as Liquidators is significant insofar as it indicates that D&P recognise that HMRC have the necessary voting power to appoint their own guys. That means HMRC are recognised as having more than 50% of the debt, interesting on its own.
It also means that the outcome of the CVA vote is entirely dependent upon HMRC’s position. While we cannot discount the possiblility that the CVA will be approved, it seems coniderably more likely to me that HMRC will vote it down, but permit D&P to close Green’s Newco deal.
In this way, HMRC on the one hand permit the ‘Rangers Club’ to re-emerge with Green’s Newco, a sop to realpolitik, but far more importantly to them I think, they get their own guys in to undertake the task of investigating the affairs of RFC plc going back a long, long time.
I think Green is experienced enough to know that he is getting a helluva deal in terms of the cost of buying the assets and the potential he will acquire to build a profitable Newco football club – profitable anyway for the initial investors.
D&P get their fees paid to middle of June. Happy.
Green gets the bones of a large football club for a burton. Happy.
HMRC get to juice the previous regimes at RFC plc. Happy.
For David Murray and Craig Whyte though, and indeed all other Directors of RFC plc over the past 2 regimes, it’s last stage out of town time.
Looks to me as though HMRC and their posse are saddling up, and they always get their men.
oh dear, Mr Green had been doing so well up to this week…
“What I’ve come here to do is
revive Rangers. We’ve also said
we’re going to go out and raise
up to a further £30m. And that
will all be done by the end of
July.
“I’m completely confident. One
thing I do know a lot about is
raising money. Over the last 15 to
20 years in business I have raised
a billion in cash.”
Got MWD and Vmhan here at the kitchen table,Saturdays don’t get much better..BT would have made a nice treble
coorslad..
next time hopefully…..
coorslad on 9 June, 2012 at 12:09 said:
wont be much left to eat and drink when that pair leave.
blantyretim on 9 June, 2012 at 12:12 said:
next time hopefully…..
its coorslad why you calling him hopefully?
Good razzle yesterday,part 2 today
So Green will put season ticket cash in an ESCROW account. Meanwhile creditors are to accept what is left of £8.5 million after D&P take their cut and footballing debts are paid. Aye right, I’ll crack the jokes.
Roll on Thursday 14th June…
Keep the Faith!
Hail Hail!
No proof no facts just a gut feeling. Hope I’m wrong and justice will be done but it won’t. People will scream and shout and life will go on.
When Green boasts of raising a Billion, I take it he offset halving the value of Sheff Utd within a year of being there.
Stupid Huns…
Mr Greens Millions are akin to Mr Whytes Billions, both of them similar to the fairies at the bottom of your garden.
All are fantasy possibly as a direct result of
too much alcohol
illicit drugs
reading the record
Nice article by Phil on Greens history wiped statement,finally one of their vultures says something factual.
Shameful and desperate now.
Pressure your local politician so we can screw the people who pay their tax.
Charles Green has admitted he plans to
spend less than a year at Rangers.
Green is heading a consortium in place to
buy the Ibrox club and will find out whether
his offer to creditors is sufficient on
Thursday.
Rangers director Dave King has accused
Green of lacking the funding to take the club
forward beyond then and predicted he
would not last a season in charge.
Green denied the first accusation but admits
he sees turning round Rangers as a
relatively short-term task.
The former Sheffield United chief executive
told the Daily Record : “Dave King said he
didn’t think I’d still be here in a year’s time
and do you know what? He’s right.
“It isn’t my intention to be here longer than
that.
“If nothing much is added to what I can see
on the table at the moment I believe I can
get over all the hurdles in a year.
“I’d be very disappointed if I am not out of
the club quickly.”
Green revealed the personal benefits he
anticipates from turning around the club.
“I’ll be getting £2million in shares, not
cash,” he said.
Green’s group have pledged £8.5million for
creditors, the vast majority of which is due
to be repaid with interest from the club by
2020.
Rangers currently owe Her Majesty’s
Revenue and Customs more than £21million
and that figure could more than quadruple
depending on the outcome of a tax tribunal.
Green has urged fans to exert political
pressure to ensure the tax authority accepts
the reduced payments on offer.
“Fans should be urging their politicians to
apply some pressure so that the CVA is
accepted,” he said.
Coorslad – hope you stocked up with plenty of grub, if you’ve got MWD at yer kitchen table?!!
T4
TBB,
Should HMRC not seek to secure the best value of their assets for creditors, including HMRC.
Surely leaving those assets in Green’s hands, doesn’t best serve the creditors.
Perhaps HMRC would not be obligated to seek the best deal, if they are appointed as liquidators.
Or, do you envisage a bit of horse trading?
bamboo @ 11.55,
Any evidence that the US & UK are arming the Syrian rebels? We know that Saudi Arabia & an Arab Gulf state are doing so.
Any evidence AT ALL of Israeli involvement or is it just convenient to blame them for everything?
So Green has admitted to the bbc that if cva is rejected then it means the death of 140 years of rangers as a Newco has to be completely independent.
He also confirmed he approached the blue knights for funding.
My day gets better and better…
GREEN&WHYTECSC
Come on ye boys in green.
http://www.youtube.com/watch?v=r5aZjE15Ye0
A Son of Dan
Whyte & Green as my old ma used to say “would steal the eyes out your head, then come back for the lashes”
Have a great day wont be long now :))))