Before the SPL launch headlong into the process of ensuring Financial Fair Play they would do well to look over the water at the Irish Football Association (we’ll leave aside the fact that it’s the Irish FA who are on top of this situation there, but the league who are looking to tighten things up here, as the SFA await the next Any Other Business moment on a scheduled meeting).
Each month, every IFA club are required to complete a form which details information on whether wages, PAYE, NI and VAT have been paid. It also asks if historic HMRC repayment plans have been maintained, whether lenders have indicated they will remove or not renew borrowing facilities and several other questions designed to flush out future problems. Clubs, which are largely part-time with volunteer administrators, are also required to submit audited accounts.
Importantly, clubs must also authorise the IFA to inquire directly to HMRC to confirm details on the form are submitted accurately.
This single form, with authority to speak to HMRC, would have prevented Craig Whyte’s ‘business model’ from getting off the ground.
While the SPL should be applauded for tackling this issue their action must embarrass the moribund SFA. Embarrassment might reach further heights when the SPL call SFA president, Campbell Ogilvie, to give evidence into their inquiry into Rangers’ alleged double contract practice.
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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207 Comments- Pages:
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The only person who can take the club from Whyte is Sir Minty if he deems he did not fulfill all the clauses in the contract they signed.
Do we really think Sir Minty will do that?
latest fae king
http://www.clyde1.com/rangers-king-q-and-a/
they may take my directorship
but they will never take my ownership
SaintLubo:
King and Rankers sound like perfect match- a marriage made in Hell…
Sir Minty advised Whyte that Ticketus were available if he required further funding.
It is written in black & white in the contract between them.
From RM – an enlightened view of proceedings;
Posted Today, 10:39 AM
“It just gets worse and worse. Essentially one shister sold us to an even bigger shister and now one of the people who was shistered out of 20 million wants it back so he can essentially buy the club from the second shister.
Everyone else at the club during the time the first shister was in charge are in no way culpable as they didn’t realise the first shister was infact a shister until the second shister who transpired to be a bigger shister, but not terribly good at hiding his shistering got caught by the taxman.
The subsequent investigation into the the second shister now points the finger at the first shister who may well, ironically and indirectly, save the club from the second shister by having to be back his previous shisterings to those he shistered.
Clear as ******* mud. ”
I think I’ll wait for the film version ” Spanner and the shisters”
A SON OF DAN 1157
OUCH……
Liked that statement from dave king
I am the only one that has put his own money into rangers
I think that the south african tax authorities will disagree with that
my money, aye right
James Forrest is The Emperor of Ice Cream on 7 March, 2012 at 11:46
That’s kind of my point…
A) What’s the point in them investigating whether he’s fit and proper? There’s nothing they can actually do about it.
B) What’s King/Murray (Paul or David) hoping for?
The Pheonix itself may be based on a now extinct Oriental ostrich…there is some strange cosmic irony…karmic symmetry…at work here!
Sorry… nothing they can do about it (now).
Like when a ref gives a penalty that shouldn’t be given or sends a defender off for being the last man when he wins the ball.
I see Venger is in trouble again after having a go at the ref after last night’s Champions Lge thriller. This guy must be the biggest moan in football. I’m no lover of the EPL but Arsenal appeared to have more than eleven players on the pitch last night such was the commitment shown by the team. Is it correct to say that Theo Walcott was the only English born player on last night’s Arsenal team? It was obvious that Vengar’s team could not possibly maintain that pace and would eventually fail to claw back a four goal deficit. Interesting, in a newspaper interview last Sunday Trapattoni and Marco Tardelli do not rate the EPL where athleticsm more than football skills count with exception of some of the foreign players.
ASonOfDan on 7 March, 2012 at 11:54 said:
The only person who can take the club from Whyte is Sir Minty if he deems he did not fulfill all the clauses in the contract they signed.
Do we really think Sir Minty will do that?
—
Not a snowflakes chance in hell Sir Minty imo was well aware of the Ticketus deal he wanted shot of RFC toute suite to save his reputation before the gorilla got loose.
It seems he misjudged the future again
Headtheball on 7 March, 2012 at 10:38 said:
We have the white Knight (who lives in a Castle) and HMRC are saying ”just write a Cheque Mate”, Then there’s King, who was on the Board, but it’s not as Black and White as it seems. The players appear to have reached a Stalemate with the admins who are acting on behalf of the Queen. The fans, meanwhile, are just Pawns in all of this. Where does the Bishop come in I wonder?
___________
Superb!
Fholks,
Check this art work by a Middlesboro fan. Has a few Celtic prints for sale. Very classy.
http://society6.com/miniboro/prints
Come on media…..
Get your microphones under the noses of warty,FPLG,advocatt,every ex and current director including paul Murray, king, ex players and finally Cambell ogilvie… and whilst at it peat!
Ask them if they were aware of two contracts??
If it were McCann????
Chairbhoy on 7 March, 2012 at 11:28 said:
How are you sir?
The word ‘Limited’ for a company derives from Limited Liability Status. This means that the Liability of the Shareholders to and for the Company is Limited to the amount of their shareholding. They are not creditors, they are owners, but creditors can only call on them to pay up on any outstanding shares, that’s the limit of their exposure.
Hope this helps. King has no claim as a creditor.
Head the Ball / Sparklegirl,
You’ve also got Ally McCoist, the Rook(ie manager).
Poor attempt, I know…
It seems to me that one end of our national stadium should be namesd after Scotland’s greatest manager.
So we should have the Celtic end and the Jock Stein end.
I have the awfull dread feeling that the huns r gonna get away with this. Logic tells me no chance. But a niggling doubt is there that the dark arts will suceed in stiffing everyone.
From Radio Clyde today.
Q & A with Dave King.
Q. How much knowledge did you have of the use of EBTs to pay players at Rangers ?
A. I only became aware of the true nature of the EBTs towards the end of David Murray’s ownership.
Was he not still a director then ?
Whose team/company were dodging tax AND fielding ineligible players ?
And I take it he didn’t inform the authorities LOL.
They are starting to dig a VERY big hole for themselves.
pigalle
Headtheball on 7 March, 2012 at 10:38 said:
Bishop Jellyandi Cecream will give them their last rites just before they die.
HH
CRC
BlantyreBhoy 12.07
Thank you sir it helped me I was thinking along the same lines as ChairBhoy
More skullduggery by thems. :))))))
HAIL HAIL
Headtheball on 7 March, 2012 at 10:38 said:
We have the white Knight (who lives in a Castle) and HMRC are saying ”just write a Cheque Mate”, Then there’s King, who was on the Board, but it’s not as Black and White as it seems. The players appear to have reached a Stalemate with the admins who are acting on behalf of the Queen. The fans, meanwhile, are just Pawns in all of this. Where does the Bishop come in I wonder?
+++++
All started when a squad from Bishopsgate polis (City of London) marched in to investigate the Bungsong deal??
James Forrest @ 11 46.
” To get rid of him someone has to pay him . It’s that simple ”
Yes , James , it really is that simple..
The Catch 22 for whoever wants to pay to be rid of him is the relative cost comparisons between doing it before of after Hector makes his pronouncement
If, or when, Rangers go into liquidation; ie, cease to exist; who would take part on their behalf in any investigation by the SPL / SFA into contractual wrong-doing with players’ registrations?
Will it not be too late to strip the now defunct club of any, (ill-gained), past titles?
The only problem I have with the ongoing revelations is proper time to digest and comment on it all. We all need to soak it up as it is likely to be a once-in-a-lifetime opportunity to gloat because they have no defence.
Listening to thick asses like chico and diddsy last night, they communicated a truly honest desperate hopelessness about their club’s plight: eg newco must be allowed to enter SPL (the rules say so) and, from dodds, he (objectively) pleaded for a new league to be formed to accommodate his team.
I do find jabba threatening and a bit scary-joe pesci in full gangster mode and I think that’s why he is afforded ‘respect’ (it’s obviously not what he says).
In respect of the gregg wylde thing, should McMoist not be advocating holding on to that type of player: young, cheap and with potential. Should he not be arging for the promotion of youth (they have little to play for this season and are getting regularly gubbed anyway) and saying this to the administrators, advising them to get rid of the like of elbows, laughatme, papac and whittaker. Costly employees with little or no sell-on value.
The man appears to be doing nothing except what he is expert at, ie self promotion using empty soundbites with the collusion of the MSM.
If he had any dignity and a real love of his club, he would “do walking away”.
keepitcoming CFC
Very interesting announcement
Needless to say COUNTLESS more questions arise
If Rangers players had two contracts then I can´t see them not being stripped of titles. If they didn´t then they would WIN the big tax case. I cant
quite round off his last statement. You also have to ask why the “rangers spin doctoring machine” ditched the old guard to run with the new. Of course
the reason is that Sir David Murray told them too … I also believe that Kings statement has been penned in collusion with Sir David Murray.
Hail Hail
RTC source = Martin Bain ?
Reilly
Cheers for the link,how Whyte couldn’t tell that wasn’t genuine I’ll never know.
pauloantony on 7 March, 2012 at 12:04 said:
Come on media…..
Get your microphones under the noses of warty,FPLG,advocatt,every ex and current director including paul Murray, king, ex players and finally Cambell ogilvie… and whilst at it peat!
Ask them if they were aware of two contracts??
—
Indeed sir a point I raised on here some time ago. Speirs on Snyde last night was asked why this question was not put to Mc Coist
Speirs reply was of the fudge and deflect variety ie Mc Coist had a lot on his mind there was lot of other things happening
Yep our home grown journos are a fearless bunch and never shirk the difficult questions…..not
Good morning from Manchester.
The BBC Shortbread Sport web live coverage is hilarious.
Latest
BBC Sport Chris McLaughlin”Look out for a response from Sir David Murray later addressing the Dave King statement. #Rangers”
And
Alex, from Killie, via 80295: “If it is liquidation for the Gers I would, if it is possible, rather see them apply to join the English Conference and let the rest of SPL see how they manage without us.”
Looks like the penny is finally dropping with the fans of our “big city rivals”
This just in from Rangersmedia forum
“We won’t die, that mob were 8 mins away from closing and they, still survived, someone will save us ”
Dont panic Mr.Mannering,they dont like it up em
No.7 on 7 March, 2012 at 12:10 said:
I have the awfull dread feeling that the huns r gonna get away with this. Logic tells me no chance. But a niggling doubt is there that the dark arts will suceed in stiffing everyone.
///////////
Are you me, in disguise ? :o)
Hail! Hail!
sparkleghirl on 7 March, 2012 at 12:01/Headtheball on 7 March, 2012 at 10:38 said:
Monty Python’s crime-fighting bishop always arrives just a moment too late to be of any assistance.
Could be the same here in the RFCIA sketch!
hahahahahahahahahahahahahahah
wait hod on
hahahahahahahahahahahahahahahahaha
Not once in that Dave King statement did I see the phrases “legal action”, “court proceedings” or “legal advice”. He doesn’t say he intends to sue, issue a writ, take Murray to court, seek damages or any other form of words that would indicate this being anything other than a whinge to David Murray about losing his investment. If he does intend to sue Murray then he has yet to confirm that!
Craiginho
A wee tip for any watching huns:
Liquidation means the end of a company. It ceases to be. It is no more.
So the question of what happens to it next is simple: nothing. It is gone.