For three months a charade took place, where Craig Whyte – who is and will remain owner of Rangers until they are finally ‘flushed away’, Duff and Phelps, The Blue Knight(s), Bill Miller, Charles Green, several members of the accountancy profession who should have known better, and some of the Fourth Estate, who clearly didn’t know better, all told you Rangers were likely to achieve a CVA.
As we (and several others) told you, a CVA was never, ever, going to be accepted by HMRC. A cursory glance at the HMRC web site would confirm that. Once Alex Salmond had his wings clipped, that debate was over.
The charade was a distraction. There are many other distractions available today and they will multiply in the days to come, but I reckon if you’re looking for the critical path on this one you should keep an eye on Lord Carloway. The chair of the SFA Appellate Panel is worth listening out for. Say his name in hushed tones, better still, abbreviate. Even the mention of LC will cause anxiety and distress, for some.[calameo code=000390171589b022d8848 lang=en hidelinks=1 width=100% height=500]