Thistle’s aim for top 6, the liquidator’s duty

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It’s another big day in the title race as Aberdeen visit Firhill. Partick Thistle’s form has been up and down recently, losing to Hearts and Dundee United, beating St Johnstone home and away, winning and losing against Motherwell, all in their last six games. They have not won or lost by more than two goals win or defeat since November.

Aberdeen’s games since the turn of the year have also been tight, a 3-1 defeat at Inverness last month is the only occasion there has been more than a single goal in any of their games. It’s likely to be tight tonight.

A win would put Thistle into the top six, is it too much to ask…….

Natural justice would suggest that Rangers liquidators, BDO, should be allowed to appeal to the Supreme Court on the club’s creditors’ behalf (they were granted permission to appeal this morning). Rangers won the initial decision on a number of their players EBTs, and then the first appeal, so it’s clear there are finer points of law at play.

With Rangers now in liquidation, creditors may wonder why BDO are spending their (diminishing) pot of money on what is sure to be extravagant legal fees, especially as HMRC is the most influential creditor.  Liquidators have a responsibility to the creditors to dismiss any claims on creditors’ funds which cannot be substantiated.  If the liquidator wins at the Supreme Court, all creditors apart from HMRC will receive a higher payout.

I don’t imagine Supreme Court hearings and written judgements are arranged in a hurry, so put this one on the back burner for a while, but there remains a lot at play here.  I’ve tried to steer clear of the issue for a while now, as it’s little more than a distraction, but that’ll change should HMRC win in London.

Good luck to Thistle tonight.

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  1. Canman~TBB~Ernie

     

    I would like to believe you, I really would, but, and always the but, it’s some serious money we are talking about here.

     

    This is not about the huns, it’s the billions that HMRC stand to gain and the billions business stands to lose, from where I see it, the government can take the hit, business can’t.

     

    I would also like to believe TBB when he talks about the integrity of the law lords, but, the but again, I honestly don’t have the faith that justice will prevail in this case, I hope I am wrong.

     

    HH

     

    Canman

     

    Aye, he is on the ball :-)

  2. Drambowiecelt on

    Or injuries caused by the continued effort of having to dig deep…..

     

    Into well fleeced pockets…… Courtesy of a well sussed charlatan…:)

     

     

     

     

     

     

    justsayincsc

  3. Paul 67

     

    If the EBT’s were loans why does BDO not go after the recipients of thses loans for payback, this would boost the funds available to creditors? Guess they were never loans then.

     

    I’m not surprised that this is going to the Supreme Court, the judgement passed by them will be binding, can see others with a vested interest in EBT’s paying for top lawyers to have this rejected as they will be next in line if they used these tax schemes.

     

    I would prefer people doing time.

  4. The Green Man says SACK THE Board on

    Owen@ 1.36

     

     

    Is that your official statement about the proposed official statement:)

     

     

     

    HH

  5. GREENPINATA on 8TH MARCH 2016 12:31 PM

     

     

    Paul 67

     

     

     I hear what you say. But the ordinary supporter does not appreciate the finer points of the legal system, our patience for some justice is at intolerable levels.

     

     

     All we witness is court case victories for the huns and Res 12 taking ages. I am aware that there is good reasoning for both but nevertheless we are rapidly running out of patience.

     

     

     Celtic must make a statement to keep the fans onboard. To continually say nothing smacks of complicity.

     

     

      Something along the lines of what the fans put up in the herald would suffice. The truth, nothing more and nothing less.

     

     

     I may not be a legal eagle, but I have absolutely no doubt that every dot, every cross, every letter, every word was scrutinised by lawyers before it went to print.

     

     

     So gutted at the moment that I cannot even contemplate the PT v Sheep game at the moment

     

     

     

     

     

     

     

     

    HH.

     

     

    – See more at: http://www.celticquicknews.co.uk/thistles-aim-for-top-6-the-liquidators-duty/#sthash.8RIkgDUw.dpuf

     

    ==%===/%=%=/

     

     

    It’s time this whole issue of Rangers dishonesty and the depth of it was taken out of the long grass of legal cover up.

     

     

    On LNS. Regardless of the final outcome it is now accepted that LNS commissioners were not provided with what they requested and that failure to reveal the true unlawful nature of the DOS ebts (as well as the dishonest intent and behaviour behind them ) enabled LNS to arrive at a Decision based on ALL ebts, specifically including the DOS ones under the Rangers Employee Benefit Trust, being lawful. The plain fact is not all ebts used by RFC from 2000 were lawful and there has been no sanction for the use of those unlawful ebts.

     

     

    Now Celtic have been in possession of this information since spring 2014 along with the other SPFL Board members at the time including Aberdeen and Dundee Utd but the SPFL, which includes Celtic as well, have chosen to ignore the information regarding concealment provided to them.

     

     

    Because it was an SPFL issue it is one that should have been taken forward by the SPFL as a whole but because so much of what has happened since (like Doncaster’s career), is riding on LNS surviving, it has been ignored. Kicked into the long grass beside it’s big tax case brother.

     

     

    What may or may not be known is that the SPFL lawyers who failed to explain away the consequences of the concealment passed the evidence to the SFA who are also ignoring ( but watch out for a bit more on that in SFM as an answer from Hampden is awaited.)

     

     

    Then there is Res12. The need for secrecy has been

     

    a) first doubts over the provenance of the evidence provided by Charlotte Fakeovers then

     

    b) fear of prejudicing the forthcoming current court case in which RFC(IL) ex board members are indicted.

     

     

    But this legal stuff is taking the form of a smoke screen and whilst silence on detail is understandable and necessary, there is no reason at all why Celtic cannot give an assurance or commitment that:

     

     

    a) Regardless of appeal, they will now raise the issue at SPFL and SFA Board level of setting LNS aside because of the failure to provide required information that not only skewed the judgment but the legal advice on appealing. A fact known to the SPFL Board.

     

     

    b) If the appeal is dismissed (HMRC win) Celtic are committed to seeing the consequences of that happen through a new Commission (the current LNS having already been annulled for reasons given) set up for the purpose.

     

    c) if appeal is upheld Celtic still will want any trophies won under DOS ebts recognised as being won using unlawful payments. This is a fact already swept into the long grass.

     

    d) they are committed to ensuring that if Res12 reveals misadministration or misgovernence by the SFA (and Celtic already have sufficient grounds to think it will) they will seek appropriate redress including review of the flawed processes that allowed misgovernance to occur.

     

     

    Such a statement might attract the criticism of the smsm at first but then when the reasons for those assurances are given it will bring them into the full glare of public awareness and only the lack of that is what is keeping the lid on at the moment.

     

     

    Celtic might not be able to act now except on a) but they can say that they will once the legal processes have run their course.

     

     

    Celtic owe such a committment to the game to restore trust and confidence in it.

     

     

    They owe it to the support but most of all Celtic owe it to themselves if Celtic are who we the support believe them to be (more than a club) in order to be able to support Celtic with our whole hearts.

  6. mickbhoy1888 on

    Elmer

     

    Try some bedroom gymnastics sure fire way of ridding yourself of your frustrations

  7. AULDHEID on 8TH MARCH 2016 1:52 PM

     

     

    Even if every one of those demands is met it would all be for nothing if they are allowed to get away with the same club lie.

  8. !!Bada Bing!! on

    HEN1RIK on 8TH MARCH 2016 1:10 PM

     

    The date in the SPL LNS investigation was changed from 1998 to 2000.

     

     

     

     

     

     

    Why ?

     

    It would obviously encompass Deidco’s tainted 9 iar

  9. THE EXILED TIM on 8TH MARCH 2016 1:47 PM

     

     

    The same argument holds true for every landmark tax case, yet the revenue can and do win them.

     

     

    My view is that the tax avoidance industry have been taking the piss and were allowed to get away with it in good economic times. That attitude changed when the recession hit and there’s a new judicial climate now operating

  10. Geordie

     

     

    Thanks , great goal .

     

     

    Hopefully Calvin continues to impress , abit fed up that more young bhoys are not breaking through. Thought this year Paul McMullan might have been used abit.

  11. Drambowiecelt on

    Ach well it’s a sad day when a grown man……….

     

    Looks forward tae…….A Semi.

     

     

     

     

     

     

    H.H.

  12. Canamalar it looks like OCD obsession on

    Bent cop,

     

    think you might want to try looking a bit closer to home when it comes to frustration :)

  13. South Of Tunis on

    Be interesting to see which of the boys and girls at the Middlesex Guidhall fancy devoting a chunk of their working lives to the meaning / implications of ” payment “

  14. Some very good interesting posts today, particularly Auldheid and Bournesouprecipe.

     

    Are we in danger of taking back the blog?

     

     

    Eurochamps67

  15. The Green Man says SACK THE Board on

    Well Bhoys, unless the UFH can do a few tricks.

     

    It looks like its all systems go on the blatant revision of historical fact, and the MIB Fraternity.

     

    All we can do, if the board are not prepared to confront it, is to not be any part of it whatsoever.

     

    Let all the cheats, cheat amongst themselves.

     

    Feck them….keep your rigged game.

     

    I can do without it.

     

     

    HH

  16. Auldheid

     

     

    The stakes have never been higher regarding Celtic’s views on this.

     

    In my opinion the time has come to grow a set and get off fence. Our support are scunnered and need confirmation that our club shares our feelings.

     

     

    We have waited long enough, perhaps too long. Providing I’m still in employment I will renew my ST, so I make no ultimatum.

     

    Our club has clever legal teams (so we keep hearing ) so let’s hear our clubs thoughts.

     

     

    The time has passed for silence. To remain silent is akin to complicity. Bunker mentality has to cease.

     

     

    Hail Hail to you.

  17. The board only need to follow up on what the BBc said that the tax case has no bearing on Sevco[ Rangers] today by stating that in the clubs eyes they are a new club. Fat chance eh, incidentally this should also come from the SPFL/SFA, the longer this is avoided the more damaging it will be for Celtic FC

  18. Paul67 et al

     

     

    Apparently Great Britain has the most complex Tax Code in the World. Ten thousand pages or many more, compared to a former British run area Hong Kong, which has less than 300 pages. The case in question, lest not forget, Murray Group versus HMRC, would seem to me relatively simple and yet, apart from the relevant Tax and Social Security Contributions Laws, it also refers to 17 Case Laws (Tax) and another 6 decisions on Trust Law. The ‘Common Sense’ decision of the the Scottish Law Lords could well be lost in a sea of legalise down in London. Look forward to much discussion over cases such as; ‘Collector of Stamp Revenue v Arrowtown Assets Ltd (2003) etcetera…..

  19. BDO having been given the rarely granted at this stage, leave to appeal, it would appear that HMRC are on to plums.

  20. The Battered Bunnet on

    “Rarely granted”? It was screamingly obviously going to be granted. And quite right too.

  21. quonno on 8th March 2016 3:03 pm

     

     

    It’s suits HMRC to have a definitive view on this. They’re quite happy for it to go to the SC.

  22. Can anyone recommend a good lawnmower for dealing with long grass?

     

     

    Or is it a strimmer you need?

     

     

    Or maybe the Grim Reaper could take his scythe to it?

  23. The Battered Bunnet

     

     

    Hmm, that would probably work better than a goat

     

     

    By the way, is that image you get if you Google “greek cow”????

     

     

    If so, then good…it’ll end up in a Pi….

  24. Ernie Lynch@2:15

     

     

    Exactly. I could put up with waiting for action on unfairly won titles, and on Res 12, and so attend next season. But I’m not paying twice to watch a rigged game, this time based on The Big Lie, especially when I know it’s happening this time around.

  25. Jungle Jim Hot Smoked on

    Re Res12 and other issues.

     

    I have regularly read on CQN that we must await the outcome of various court cases before anything could be acted upon. It would seem that it will take at least four years for legal completion. Does that mean NOTHING will happen until then or are there other matters which can now go ahead?

     

     

    JJ

  26. Geordie.

     

     

    Your warning about repetitive posts in the years ahead, thanks to today’s legal decision, came after one had already started things off this morning, namely, the accusation about some posters’ Sevco obsession on here.

     

     

    Let me be the second one, then, by way of a reminder that it’s not about Sevco, it’s about honesty, fairness and sporting integrity, and I can’t see how anyone doesn’t get that.

  27. Auldheid @ 1:52

     

     

    Loved that post: so clearly setting out a sensible course of action.

     

     

    I really, really hope the current, ominous vibes from the support are being understood by the Board …

     

     

    VIP

  28. johann murdoch on

    As the great Zheng Zhi says…..”The fruits of the tree will come to those that wait…..except february which has 28 days!”

  29. Geordie Munro on

    Beatbhoy,

     

     

    No warning from me. Just an observation.

     

     

    I want the truth to out. I want them to get all that’s coming to them. I believe they are a new club.

     

     

    Posting this ad nauseum will change nothing.

     

     

    There are posters who talk on the subject frequently, tbb, canamalar, auld heid etc who (imo) are essential reading.

     

     

     

    Then there are others who’d make yer eyes bleed with ill informed repetitive pash who do nothing but post the same drivel day after day.

     

     

    HH

     

     

    Nb drivel is anything I don’t agree with ;))

  30. Celtic must make their stance on New Club clear or run the risk of losing a significant amount of support.

     

     

    I am no lawyer so can only take opinion for the reasons why we can’t call foul at this time. However the final result of the big tax case is largely irrelevant to all clubs except one. It’s time to bring as much as we can out in the open & I think every Celtic fan is watching closely to see what our club are truly made of.

     

     

    We the fans have had enough & Celtic’s relative silence is no longer acceptable.

     

     

    HH!

  31. Jungle Jim Hot Smoked on

    TBB

     

    Thanks . I had gathered that from your previous comments but are there other cases that are to be dealt with in the next month or two? Ar these other cases, should they exist, the barrier to the lid being lifted re Res 12?

     

    Why can`t everything be as simple as quantum physics?

     

     

    JJ

  32. !!Bada Bing!! on

    ELLBOY on 8TH MARCH 2016 4:04 PM

     

    Celtic must make their stance on New Club clear or run the risk of losing a significant amount of support.

     

     

    I think we will lose more STs through our own lack of statements,since this whole debacle started,than whatever happens in the courts to Sevco.By statements,i don’t mean we need to comment on everything,but we needed leadership from the Club on this from Day 1 IMO,that ship has sailed.HH

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