HMRC have confirmed their actions today leave open “potential investigation and pursuit of possible claims against those responsible for the company’s financial affairs in recent years”.
Chances are, HMRC will investigate the actions of SFA president, Campbell Ogilvie, more thoroughly than the investigation carried out by the Association which allowed their chief executive, Stewart Regan, to tell the media that:
“We are all aware of businesses being run where you have one owner and operator running the club and a number of directors sitting below. The way this process has been managed, a lot of this correspondence was done much higher up the chain than Campbell Ogilvie.”
Stewart (if I can be familiar), you’re better than this. Try reading this story one page ahead, figure out where this one is going and start acting accordingly. Of course, President What-school-did-you-go-to then told Scotland on Sunday:
“I might have signed some documents from time to time”.
Mr Regan had better make sure he knows what Mr Ogilvie signed, and I recommend he doesn’t relay exclusively on Mr Ogilvie’s memory.
Untenable
“Those responsible for the company’s financial affairs in recent years” includes Mr Ogilvie throughout his period as a director of Rangers. His position has been untenable for months and his continuing presence at the top of the Scottish FA only further contaminates those who claim otherwise.
The former directors of Rangers will not be the only ones alarmed at this development, recipients of EBTs (including the directors, who will have a second matter to consider) have reason to be concerned.
Not only do Her Majesty’s officers want any potential wrongdoing investigated, they also want their money.
Rangers EBTs were a loan. HMRC will tell recipients of this loan that their side letters (you better believe they’ll all find those side letters now) are not worth the paper they’re written on. If the money was indeed a loan, a demand for repayment will be made. If this is disputed, you can expect to hear the phrase Gratuitous Alienation to enter the lexicon soon. Gratuitous Alienation is the Scots legal term describing when property (or cash) is transferred to another party without any, or adequate, consideration.
I hear HMRC have all their ducks lined up for this one.
Internecine strife doesn’t begin to describe how things will end up.
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BRHT
Sad news about Cuban ex Olympic heavyweight boxing champion who won 3 gold medals ,hope you may do a little piece about Teofilio Stevenson who passed away if you have the time Im sure theres a story waiting to be told there
wheres big pumpkin heed mingwall hideing? his belly will be shaking like a bowl of jelly AND icecream !!! hail hail
It’s all gone quiet over at the SFA, what’s the matter Stewart cat got yer tongue and while I’m at it where’s thon motormouth Doncaster??
And you Fat Sally are you enjoying your day the day??
Karma has a long long memory Fatboy…
Dubiabhoy
aye he said he is keeping an eye on developements
The body lies buried. The ghost is circling around lost in an ethereal limbo. There are many who want do coax the ghost back into the body…but the body is damaged and disfigured beyond repair…it would just be a Zombie possession type scenario…the ghost of the old club will just have to accept that the only passage open to it is the roasting red door, the portal to Hell…never to return.
Iffffff Charles Green is in cahoots with Whyte and Murray and ifffff these threats to go after them now are to be believed, then perhaps Mr Green might be well advised to start walking away before he’s implicated any further in something very very bad…
Celtic’s first signing of the new season £6M Ibrox :o)
Rangers are dead, have become a distraction
We must focus on the real problem sfa
champaign is getting flat already :0D)))
TTTT,
not only that but i played 3 other games after i had done it,
good thing is its my left wrist and i am right handed ;-))))))
67Heaven … I am Neil Lennon..!!..Truth and Justice will always prevail
19:48
Right back at you my good mhan.
Glass raised….!
;)
Is Swally still in the house?
Where are his words of defiance when the hordes need them most?
AWOL?
Slghtly adapted from Johnny CASH, the original Man In Black:
HECTOR Comes Around
And I heard, as it were, the noise of thunder.
One of the four beasts saying, ‘Come and see.’
and I saw, and behold a white horse.
There’s HECTOR goin’ ’round takin’ names,
And he decides who to free and who to blame.
Everybody won’t be treated all the same,
There’ll be a golden ladder reachin’ down.
When HECTOR comes around.
The hairs on your arm will stand up,
At the terror in each sip and in each sup.
Will you partake of that last offered cup,
Or disappear into the potter’s ground?
When HECTOR comes around.
Hear the trumpets hear the pipers.
One hundred million angels singin’.
Multitudes are marchin’ to the big kettledrum.
Voices callin’, voices cryin’.
Some are born and some are dyin’.
It’s alpha and omega’s kingdom come,
And the whirlwind is in the thorn tree.
The virgins are all trimming their wicks,
The whirlwind is in the thorn tree.
It’s hard for thee to kick against the pricks,
Till Armageddon no shalam, no shalom.
Then the father hen will call his chickens home,
The wise HECTOR will bow down before the throne.
And at his feet they’ll cast their golden crowns,
When HECTOR comes around.
Whoever is unjust let him be unjust still.
Whoever is righteous let him be righteous still.
Whoever is filthy let him be filthy still.
Listen to the words long written down,
When HECTOR comes around.
Hear the trumpets hear the pipers.
One hundred million angels singin’.
Multitudes are marchin’ to the big kettledrum.
Voices callin’, voices cryin’.
Some are born and some are dyin’.
It’s alpha and omega’s kingdom come,
And the whirlwind is in the thorn tree.
The virgins are all trimming their wicks,
The whirlwind is in the thorn trees.
It’s hard for thee to kick against the prick,
In measured hundredweight and penny pound,
When HECTOR comes around.
And I heard a voice in the midst of the four beasts.
And I looked, and behold a pale horse,
and his name that sat on him was Death,
and Hell followed with him.
!!Bada Bing!! on 12 June, 2012 at 20:04 said:
I haven’t personally but I will get my Renfrew scouts on the job. The poor guy must in turmoil. I have his reg number but that’s for another day. His mobile is freely availanle
Referee doing his best to ruin this,by giving soft fouls every 30 seconds.
All I can say is…people still call a vacuum cleaner a hoover even if it’s not.
Trawlers and sardines up next. :-)
Hello hello.
I see some of you uppity Timmy’s are still demanding I resign.
I don’t do walkin away. At least, not until I’ve ensured my zombie pals get shoe-horned into the SPL with a year’s free rent of Hambdun park, or in handcuffs.
Good news for us Bers is that we’ve just discovered I’ve been registering the glorious glasgow rangurs with the wrong name, seein as how the weakest part of my superior administration skills is indeed my spellin and grammur although mind most of the time I was just signing documents and not responsible for what was written in them.
So me and Donkey Caster are going to register Glasgow Rangurs FC Aye Ready, once we sterilise the oldco and then buy oot Cowdenbeef with the help of Doanald.
Awe ra best ya Timmy Tea Caddies. Must sash, goat documents tae sign.
PS anywan goat that Alecs Thomsons’ mobile numbur (so’s I can block it fae ma fone). cheers.
Following Hector Hunskelpers intervention today and the eventual demise of thems, should we take a vote as to whether the “wee huns” are promoted to ..the huns?
Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. Champions. on 12 June, 2012 at 19:38:
RTC’s current thread states that a legal challenge could be mounted to the sale of the Club. I believe there is a high chance that BDO (HMRC) will mount a challenge. As my knowledgeable friend said, if they are sold for £5.5 million it does not auger well for the value of other Scottish Clubs:
Reasons why HMRC will liquidate:
They can and most probably will mount a challenge of the sale to Green or anybody else for that matter for £5.5 million. They will have their own valuation. It will not be £40, £50 or £100 million but it will be a darn sight more than £5.5 million that’s for sure.
They will be able to establish the truth. It may even make the EBT fiasco clearer but only if they did not hand over all of the information during the original investigation. Then there’s that word internecine; this potentially has grave repercussions for individual(s).
Liquidation is the best route for not just the public but for HMRC remuneratively. They will most definitely get more than they would have under the CVA.
They will mount a challenge to D&P’s fees.
1872-2012 R.I.P. (Rangers In the Past)
Keep the Faith!
Hail Hail!
gordybhoy
Happy birthday to you – there’s a lot celebrating with you.
TSD
“Poland v. Former Soviet Republic of Setting Free The Bears… ”
I think it is more accurate to describe it as Poland vs The Current Robber Baron re-manifestation of 19th Century US Capitalism with Singing (Pinkety-Pinkerton) Detectives
Mon the Poles!
Best thing about today?
All the stupid huns who have been interviewed after weeks of threats and their ‘Peepul’ rhetoric now practically begging the rest of Scottish football to let them play in the SPL.
GIRFUY!!
Murdochauldandhay
;-0)…. already on that thought… and indeed another unrelated idea that came to me today.
Could be later tonight for your request
A four letter word has appeared often tonight – TUPE
Rather than fixating on this four letter acronym can I suggest the focus to another four letter word? CASH
TUPE regs are clear – but lets assume for one minute that Rangers players are FORCED to move over to Newco “under the same terms and conditions as stipulated in their current contracts”
What are the newco going to pay these players with? Tesco Vouchers?
The oldco paid them 25% of their contractual obligations for 3 months AND STILL RAN OUT OF MONEY.
The newco has no European income and a cash flow projection based virtually on season ticket income alone.
Last season 38,000 of these were sold and Ticketus didn’t take a penny
This year less than 38,000 will be sold and Ticketus will take cash for the first 27,000
Hail Hail
Decent game this. Both Russia and Poland are making chances
Isn’t this another great day to be a Celtic supporter. I’m happy.
Hail Hail!
Poland are brilliant just now. You just know Russia will score…
dixiebhoy69 on 12 June, 2012 at 19:58 said:
And I’ll be there……..!!! Get the kareoke ready………oh, what a night..!!!l
CHUCKIE
Poland need to convert some of these chances or it will come back to bite them.
T4
Mingwall, Jardine, Big Hoose guy, wee willie bluenose and John fae Coocaddens are holed up in a house in Airdrie planning their revenge march. they are going to march right up to Centre 1 and then march all the way back…that’ll show them!
Whitchase?CSC
Die die die die Ya Huns
Die die die die Ya Huns
Die die die die
Die die die die Ya Huns
Repeat Ad Nauseum
Not a bad this, not bad at all!
Voguepunter,cheers for the birthday wishes,
MWD,
the Free Derry museum is indeed a moving and sobering place,
the letter from the uvf on display is beyond words
Not a bad day that is!
MWD-Hope you are better HH.
Going into Liquidation and losing 140 years of history and defaulting on £100million of debt and having your name turned to mud across Europe and having all the Tims fall about laughing at you-….— is like a new signing, says Mark Hately.
ASonOfDan,
That – and the fact that they kept telling us this would never happen.
Guinness Book of Records for the longest Conga in the world down London Road Thursday…a mass Huddle from John O Groats to Gretna…
gordybhoy64.
happy birthday..
In which I comment on the Directors of Rangers Football Club PLC over the last year, and in light of a recent case decided by Lord Hodge, have a look to see if any of them might be at risk of disqualification for the non-payment of PAYE, NIC and VAT.
http://scotslawthoughts.wordpress.com/2012/06/12/will-craig-whyte-and-other-directors-of-rangers-face-disqualification-for-14000000-unpaid-tax/
BRHT
Looking forward to it;)