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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!!Bada Bing!! on 12 June, 2012 at 20:04 said:
Mr Daly couldn’t have met him getting his BBC car fixed, could he?
Just a thought
Glass of a robust Merlot in hand – first of a few this evening
SDM done for Freud…
sorry that was a Fraudian Slip.
The Old Firm tag must surely die with them, that is all !
TUPE means you transfer under the same contract.
Green has told investors under liquidation they will save £7 million in wages. He only wants them to sell them.
At least Craigy Bhoy had a £1 in his pocket…
Talking of dead ducks…..
>
Your Duck is Dead–
A woman brought a very limp duck into a veterinary
surgeon. As she laid her pet on the table, the vet
pulled out his stethoscope and listened to the bird’s
chest.
After a moment or two, the vet shook his head and
sadly said, “I’m sorry, your duck, Cuddles, has
passed away.”
The distressed woman wailed, “Are you sure?”
“Yes, I am sure. Your duck is dead,” replied
the vet..
“How can you be so sure?” she protested. “I mean
you haven’t done any testing on him or anything.
He might just be in a coma or something.”
The vet rolled his eyes, turned around and left
the room.. He returned a few minutes later with a
black Labrador Retriever. As the duck’s owner looked on
in amazement, the dog stood on his hind legs, put
his front paws on the examination table and sniffed the
duck from top to bottom. He then looked up at the
vet with sad eyes and shook his head.
The vet patted the dog on the head and took it out
of the room. A few minutes later he returned with
a cat. The cat jumped on the table and also delicately
sniffed the bird from head to foot. The cat sat back
on its haunches, shook its head, meowed softly and
strolled out of the room.
The vet looked at the woman and said, “I’m sorry,
but as I said, this is most definitely, 100% certifiably,
a dead duck.”
The vet turned to his computer terminal, hit a few keys
and produced a bill, which he handed to the woman..
The duck’s owner, still in shock, took the bill.
“$150!” she cried, “$150 just to tell me my duck is
dead!”
The vet shrugged, “I’m sorry. If you had just taken my
word for it, the bill would have been $20, but with the
Lab Report and the Cat Scan, it brought it to $150.
Hahaha! Anybody tried yet to get on RFC(IA)s Wikipedia page? No dice! Must be some serious re writing going on there! Whoop Whoop!!
Back to the game!
Come on Poland!!
Carpetbaggers like Green know all the rules involved in admin/liquidation,he’s fooling nobody…………well,maybe stupid huns,he,he.
C’mon PL. how about a present to the Celtic support – make the liquidators an offer they can’t refuse for Mordor. Block the transfer of assets.
sparkleghirl,
I raise my glass of Peroni to you and every Celtic supporter on this happy, happy day.
head the ball
We all know there will be a rhetorical battle as to whether Rangers’ history is dead.
Former Rangers fans and the Laptop Loyal will insist that they are still the same- that is only to be expected but no Tim should play along with their delusion.
Celtic fans and most fans of other clubs will insist they are deid and their history has gone with them leaving a bad smell of unpaid bills and tainted titles & trophies.
It does not much matter what these partisan views argue. The only truth is the official record from the SFA and the SPL. Gretna, Clydebank and Airdrie have set the precedent in these matters so the official body has no wriggle room to treat newco/newclub differently to them. The official record should show their club, whenever it comes into being, as having no titles and no cups to their name.
Well, at least, until they become good enough to win the 3rd division.
wonkyradar
20:15
:))))))
Ironic that in the last days of the huns that the guys speaking on their behalf are three Englishmen with no connection to their rancid club…
Where are all those loyal no surrender types now??
The Johnny no mates of the beautiful game..
Russia 1-0
Russia 1 up. Shame.
scum
Embdae heard fae Spiersy?
…….ididitagain,
I think the last time somebody died and resurrected, with history in tact, was the baby jesus. So, you’ll no be surprised if I disagree with your analogy :oD))))))
Quell surprise….0-1.
T4
Apols if anyone’s beaten me to the punch, but on the day the Rangers died:
“And when they finally put you in the ground
I’ll stand there laughing and tramp the dirt down”
(c) One King Elvis, that’s Costello!
HH
PV
SFTB
Of course I agree with you 100% but, if the team play in blue out of Ibrox, they will claim their history.
We’ll just have to keep reminding them.
Hun in work tried to noise me up by asking how much my season fiver was and how pointless it was without rangers.
Did not like the fact I informed him my ticket was for Celtic park to watch Celtic and not for two games against his mob.
I proceeded to whistle The Huns Are Going Bust the rest of the afternoon.
sftb,
“most fans of other clubs will insist they are deid and their history has gone with them leaving a bad smell of unpaid bills and tainted titles & trophies.”
and dead british soldiers, they know the played their part.
Told you about Russia…
Has anyone dared venture onto any of the dark sides websites,i imagine it will be the usual threats and vile anti celtic/catholic stuff,only ten times worse
fiver!! = ticket!
I really detest that wee arse Beglin
I understand that The Loudon has it’s flag at half mast!
Come on Poland!
Is the 3 year ban on top of the current one or inclusive of it?
Evening Paul67 – just caught up with the blog.
Today has just topped off my Diamond Jubilee of supporting Celtic:
1953 Coronation Cup – tick!
1957 Hampden in the Sun – tick!
1967 Lisbon – tick!
1974 9-in-a-row – tick!
1988 Centenary – tick!
1994 Takeover – tick!
2003 Seville – tick!
2012 RFC Liquidation – AMEN!
All in all – an eventful 60 years of supporting the Bhoys!
Jobo Baldie on 12 June, 2012 at 20:29 said:
I understand that The Loudon has it’s flag at half mast!
haha! Photo please from anyone that’s passing :)
I expect this is one of those ‘do you remember where you were when Lennon got shot/ Kennedy got shot… do you remember where you were when you heard the Horribles flat lined.
what have the sticky brits and the english have between them?
nothing….
We should see if we can have a whip round to buy ibrox. Celtic fans profiting from the existence of newclub would be hilarious.
And now the end is here
And so you face the final curtain
You’ve lived a bitter life, and may I say, don’t beat your wi-ire
She is not to blame, you did it your way….
I’ll get ma coat …… But, let me tell you , Bhoys……..don’t expect much sense out of me for a while …….am fekin’ dancing’ here….
Sure it’s a grand old team to get the jail for….
Cum oot, cum oot, wherever you are sally, the games a bogey…….
I close my eyes and picture ……the big hoose being demoooolished
praecepta –
I’ve met you – there’s no way you’re that (ahem) old!
1-0 Russians, h/t.