To give £134m context, it is approximately £3,600 for each Rangers season ticket holder. £18m of the debt is overdue to HMRC with another £75m due the taxpayer subject to the First Tier Tribunal, that’s £93m worth of schools, medicine, operations, social care, policing and roads. Or Help for Heroes, if you prefer.
This overspend is equal to the value of seven years season ticket income, acquired over 12 years. How on earth could this football club be so indulgent? The old board, including the Murray twins, Bain and No Surrender Johnston are responsible for the overwhelming majority of the debt. Whyte is responsible for the Ticketus debt but he paid money owed to Lloyds Banking Group, so even his portion of responsibility is partially offset.
Duff and Phelps gave an incorrect figure of £1.063m due to Football Creditors, which is the sum due to Scottish clubs, the SFA, SPL and SFL. Curiously they excluded £2.117m due to English and European football clubs, all eight of whom are due more money than seven out of the eight Scottish football organisations.
Football creditors are actually due £3.184m. It may be that Duff and Phelps are trying to differentiate between football creditors who have a say in how the company exits administration (either way) and those who cannot. If I was one of the English or European clubs this would alarm me. There is no ‘Football Creditor’ rule in Scotland as there is in England, obliging clubs to pay all football debts so this distinction seems arbitrary.
The creditors list is a sorry tale of humanity. Dozens of small businesses with staff and suppliers of their own, many from the Glasgow area. When a bad debtor of this size runs away from their liabilities the cost is real. I know one small business on the list, they deserve better, to borrow a phrase.
It was fascinating to read First Minister Alex Salmond’s fawning correspondence with Rangers yesterday, including his view that the 2011 ‘Billy Boys’ League Cup final was “a great showcase for Scottish football”. It would be interesting to know if he has asked any of his correspondents to explain their actions in the light of the social and economic consequences of their actions.
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Any of the Irish bhoys lurking, or online, or indeed any officianados of Irish football, I’m looking for the winner of St Pat’s v Shamrock for my accumulator. Thoughts please??
Bada Bing!! on 6 April, 2012 at 14:38 said:
Auld Neil Lennon heid
Are you saying that some penalties might be added to a Phoenix company? Are there such rules?HH.
================
Away and bile yer heid! lol
.In fact there are 3 games on. The one above plus Coleraine v Cliftonville and Bohemians v Cork. All tight in the betting.
Just been on FF:
Do the erudite & much maligned savants amongst the hun horde know something we don’t?
One guy is considering what fireworks he will purchase for next seasons title celebrations.
A bakers dozen of sparklers or Blue, red & white umbrellas. One guy says why no push the boat out and get both. Crazy guy!
Another hun, calling himself “sober realist” says that he canni be that bold in his predictions and “it will be TWO years before we huv OUR title back”. You’ve goat tae squirm at their hollow bravado.
I, for one, am getting worried. It sounds domination for years to come is inevitable. Like grass growing or the sun rising. We can do nothing to stop the Calvinist Gods preordained Will. It will just happen.
Either that ot they’re defecting tae oor side.
Bada bing
polis let him go, missed him by minutes
probably around 5pm
Everyone
Does anyone know how to get a hold of Anthony Warrell Thomson?
hmrc – please TAKE YOUR TIME – no hurry, drag it out for as long as possible, thankyou
rfc brought this upon themselves
Kittoch
Try here http://www.awtonline.co.uk/
and I won’t ask why….
W.B. Yeats.
SING of The O’Rahilly,
Do not deny his right;
Sing a “The” before his name;
Allow that he, despite
All those learned historians,
Established it for good;
He wrote out that word himself,
He christened himself with blood.
How goes the weather?
Sing of The O’Rahilly
That had such little sense
He told Pearse and Connolly
He’d gone to great expense
Keeping all the Kerry men
Out of that crazy fight;
That he might be there himself
Had travelled half the night.
How goes the weather?
“Am I such a craven that
I should not get the word
But for what some travelling man
Had heard I had not heard?”
Then on Pearse and Connolly
He fixed a bitter look:
“Because I helped to wind the clock
I come to hear it strike.”
How goes the weather?
What remains to sing about
But of the death he met
Stretched under a doorway
Somewhere off Henry Street;
They that found him found upon
The door above his head
“Here died The O’Rahilly.
R.I.P.” writ in blood.
How goes the weather?
Sitting watching the Leeds game, and imagined what it would be like with the commentators on ranker’s 3rd Division game against East Fife etc (yes, they would have it live on BBC) ………. “AND RANKER’S ARE STORMING BACK TO THE SPL …… THEIR LOYAL 3,000 FANS ARE ECSTATIC ” …..LOL
This HMRC case reminds me of a story Dostoeyevsky, in his radical youth, once told about his own experience of being sentenced to death by order of the Tsar. He said it wasn’t so much the fear of death that terrorised him but the limbo of waiting and not knowing for certain when it would take place.
If that is the case then HMRC should take their own considered time over any decision.
To Sparkleghirl and anyone else considering not voting for Salmond or SNP in the future (and I concur that they have many sins to answer for). Can I just point out that it is the orange lodge’s avowed promise to “take up arms” should Scotland become independent. Now that I want to see. Have a Champion weekend everyone. Hail hail.
If you’re arguing with one of those ostrich huns who insists it’s all just a timmy conspiracy, things aren’t really that band and everything will be squared out in the end, just ask one question:
Would you pay money up front right now for a 2012/ 13 season ticket?
Leeds are a dirty bunch
auldheid-at least you didnt SHOUT this time :>
A momentous week ahead for us all.
Celtic will win title on Saturday.
I reckon the tax bill will be delivered during the week in an envelope which may as well contain the final nail for their coffin.
I know it’s the Huns who normally send packages containing nails to football clubs. Ironically, Hector’s imaginary nail will inflict far greater carnage.
Kittoch on 6 April, 2012 at 15:11 said:
Everyone
Does anyone know how to get a hold of Anthony Warrell Thomson?
With oven gloves!!
LET THE PEOPLE COOK!! ( but not the books ) ;)
THIRD OF A BILLION
I think minty done a deal with family man of the year to eventually avoid the clink
Ticketus hold the floating charge over Ibrox and Murray Park surely to god.
Whyte got what he creamed off and holds the paperwork for Rangers Football club, crest etc.
The keys of Ibrox and Murray park are HMRC
I reckon Independece has gone.
CRIMINAL
Having a test run Garden party tomorrow
twists n turns
Don’t know about the other 2 games but Coleraine are a bit of a bogey team for Cliftonville so you may wish to try Coleraine.
Mort
Lenny Larsson
Would love to see the orange order take up arms. They couldnt raise their arms over their 3 chins and fat necks with all the cheap sovereign rings and jewellery they wear.
Gordon_J backing Neil Lennon on 6 April, 2012 at 15:21:
“If you’re arguing with one of those ostrich huns who insists it’s all just a timmy conspiracy, things aren’t really that band and everything will be squared out in the end, just ask one question:
“Would you pay money up front right now for a 2012/ 13 season ticket?”
Don’t be ridiculous – they’ve stuck all their money in the Fighting Fund…
Awe Naw
You stay in a 14th storey one bedroom flat
Happy Easter to all
Afternoon, Bhoys.
I don’t normally care if people scroll on by, but please take a minute to look at this pic. The link should be fine, but this site uses Flash, so if the link takes you to the homepage, click on the ‘portfolios’ link on the left, and then on ‘Harry Benson’s Glasgow.
The slideshow is very interesting, but picture number 13 might be unlucky for some. Minty and his sycophants are joined in the Ibroke Boardroom by a very interesting guest; indeed, this pic could become ‘a great advertisement’ for the SNP…
Harry Benson.com
Hail Hail!
Stevebhoy
Would be a great BBC play
Orange rebellion crush
Robbie Coltrane can resurrect his Mason Boyne character and play Salmond.
The big yin Makaskill
Limmy sir moonbeams
I feel its a goer
HH
Sparkleghirl
I thank you, e-mail duly dispatched to AWT.
I know you didn’t ask but:
Dear Anthony
It is with some disgust that I have to write to you today, I am an avid user of your Knife set which was well priced and functional, apart from the giant teeth on the bread knife, it’s just an ornament really, but the other knifes are good solid performers. So I duly purchased your monickered Pot Set.
Deary deary me, what a copper bottomed disappointment. They can burn water, they are rank rotten, the little one can’t even stand up itself as the handle is too heavy and continually pulls it over, not a very safe thing to have in a kitchen.
I wanted to let you know that I will never now purchase another AWT sponsored cooking item, and have decided to limit myself to the amount of times I watch you on the TV in-case the small pot cracks my flatscreen as I have an incredible urge to hurl it in your general direction every time I see your coupon.
I don’t expect to hear from you on this matter as you are probably far too busy with development, attempting to get the small pot to stand itself, but I thought you ought to know that inferior products will eventually erode your Brand image.
Regards
Kittoch
SOAL
;-)
Happy Easter
HH
Mort…..I have just stuck it on 1 min before your post and went Cliftonville. 80/1 accumulator so not much chance anyway but I went
Cliftonville
Cork
Shamrock
Newcastle
West Ham
bit of interest really. £403.99p – for a fiver…………canny be bad :-)
Agent green & White
that’s me singing all afternoon now.
Let the people sing!!
Looking for some help, I know its been asked over and over ( see what I did ).
What is Paul67’s email, please.
Cheers.
If it wins I am sending the odd £3.99p to hunland to ensure they can get their newspapers this month. I want them to check out the amount of crap they are in…their fans don’t seem to have realised it yet…..
Whats the score in the Leeds game
HH
0.0
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 6 April, 2012 at 15:37 said:
0.0
Ta
HH
jude2005
iki on 6 April, 2012 at 09:16 said:
Looking forward to Rangers legend Weir returning his retirement gift to the company that have not been paid for it.
It seems like a good photo opportunity .
Or maybe Sandy Jardine could present an outsize cheque from the RFFF.
http://www.clyde1.com/news/local/jim-interview-craig-whyte/#.T37-ZoostWs.twitter
New CW interview with Delahunt for anyone who is interested.
Kittoch on 6 April, 2012 at 15:31 said:
HaHa…
I have the same problem..well the wife has, as we have only been in our house 12 years so im still unsure of where the kitchen is.
Her small pot also keeps falling over due to the same handle fault.
She has found that opening a tin of beans ( smartprice will do ) and pouring into the problem pot acts as some form of buoyancy.
Then you are free to use the pot as advertised.Simples
Hope you like beans!!
twists n turns
Good luck. I’d say Cliftonville will be slight favourites but not much between the teams.
Mort
Leeds have just gone 14/1 to win in running. 11 mins plus injury time left. A wee bit generous I think. Speculative fiver.
I am gonna call my next racehorse that….”speculative fiver”…….
twists n turns,
If you send them £3.99 be sure to make very clear that it is under no circumstances to be treated as a bid.
Wouldn’t want to see you ending up owning the huns!