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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Not sure if this link will work –
http://t.co/hofJCpDv
Well…
I would never have believed I would live to see this day…. even recently, when I was posting confidently on here, the wee doubt worm was always having a wriggle. He’s dead now by the way; death by taxes.
The reality still not really sinking in… anything else now is a bonus.
I cannot see the SFA having the brass neck to credit newco with 50 odd previous titles or even 40 odd if they decide to strip oldco of some modern titles.
What is a more legitimate worry is the Fiorentina precedent from Serie A where some numpty alllowed Fiorentina Viola to buy back their stripped title(s).
I think we should set the price for this, from the outset, at whatever level of millions HMRC sets their defaulted tax bill.
praecepta – you’re wearing well….you must be pickled ! ;-)
T4
Them goin’ into liquidation will turn out to be the easy bit; a lot of the movers and shakers in Scottish football have some big decisions to make.
Link works! Loudon flag at half mast…
http://t.co/hofJCpDv
Ragers Fans ‘WARMING To Sfl Option’
They must be feeling the bad fire under thems.
Jobo Baldie on 12 June, 2012 at 20:32 said:
praecepta –
I’ve met you – there’s no way you’re that (ahem) old!
My old Grandfather (Pop) took me to the ’53 Final just before I started school.
The 4000 service personnel of HM Forces would like to thank the Loyal supporters of RIL for their redundancy notices – Colonel Green said if it wasn’t for these Loyal subjects we might still have a job
How long before newclub has to re-emerge as newnewclub?
They could be headed down the same road as Portsmouth or Darlington.
ParkheadcumsalfordwhoisNeilLennonand PaulMcBrideandTrishGodman on 12 June, 2012 at 20:21 said:
I will raise you a special liquidation pint can of stella poured in a proper stella glass!!!
Party, party, party!!!
HH
CRC
Cyber pint to the first bhoy to put a padlock on the scrap value gates at Poundland,and post a photo.
Is there a McCrory in the house? McCrory. S with a cousin Murphy? Yer tea’s out
Jobo Baldie on 12 June, 2012 at 20:34 said:
thanks! That was quick!
Name: New Huns
Formed: 2012
Ground: Ibrox Stadium
Honours: 40+ titles, ….
Doesn’t really work, does it?
SFTB – how could they (Fiorentina) buy back their history if the old club died?!
They had ceased to be, they were an ex-football club, etc…..
T4
it’s gazin’ upwards into the ole EK rain that keeps ole Jobo’s skin so young lookin’
Happy St. John of Sahaguns day CQN.
My drive home took me past Rabighoose tonight. Fans were outnumbered by news vans. It would have been depressing if it happened to any other club.
tommytwiststommyturns on 12 June, 2012 at 20:34 said:
praecepta – you’re wearing well….you must be pickled ! ;-)
I would be tonight – unfortunately only one bottle in the fridge!
Not over excited – content (maybe smug before the night’s out). :-)
I noticed that certain individuals who were firmly of the belief that they wouldn’t be liquidated are absent of comment tonight.
Don’t tempt me
Anyone got a link to jabba’s comedy show on Sportsound tonight?
tommytwiststommyturns on 12 June, 2012 at 20:37 said:
SFTB – how could they (Fiorentina) buy back their history if the old club died?!
They had ceased to be, they were an ex-football club, etc…..
———————————————————————–
In Italy especially in football everything is for sale
Love that photo of Loudens.
Stupid huns…
EDB – this is a night for celebratin’ absent friends- ole Pabbers will be lovin’ this, bending St Peter’s ear about how Karma is essentially a Catholic concept.
Any comment from our wee leader Alex ?
What is the state of the fabric of Scottish society (or is that now kept hidden away in the Parliament’s attic, afraid that the world might see it) ?
‘Arry said he hasn’t resigned.
Just internet nonsense apparently
67Heaven … I am Neil Lennon..!!..Truth and Justice will always prevail on 12 June, 2012 at 20:40 said:
Anyone got a link to jabba’s comedy show on Sportsound tonight?
http://soundcloud.com/celticresearch/ssnd-lqd8/s-kYpqt
Hail hail
So on Thursday, when the CVA is formally rejected, are the liquidators appointed immediately? Or to D&P have time to shift some assets first?
If they sell to CG immediately for what the liquidators regard as too low a sum, can the liquidators have the deal anulled?
67Heaven
http://snd.sc/Kzl2fX
DBBIA
at the mention of ole pabbers I will desist..
ole Pete will tell him how to behave…
Like tears in the rain. Time to die
Roybattycsc
What a day bhoys i have waited for this day for years, time to open the beers.
I wish people on here would stop listening to clyde 1 etc because they are scum just like the huns.
My mate said today that SSB will be on tonight and i text back saying i will guarantee they will try and push for we need huns in the SPL and guess what i was correct.
Rangers FC 1872 is dead and a new company will take it’s place so please gonnae stop asking if they keep their history because they don’t.
Philmacgiollabhain has been right all along when he said the huns will be liquidated and he has also put up an article to say it’s the end of their history so please let the MSM try and convince people they keep their history but they don’t.
Right who’s organising the massive party or a massive huddle in george square lol.
ElDiegoBhoy on 12 June, 2012 at 20:39:
Just thought I would post in case you did not think I was around…:)
Keep the Faith!
Hail Hail!
One part of me wouldnt mind new co.starting next season in the SPL as they cant buy players and very few of there existing players will be there.With no money to pay big salaries they would be forced to play a youth team and they would take a few beatings and they would be lucky not to be relegated.However,there is a bigger part of me that wants them to start in the lower leagues mind you for me its a win win situation.H.H.
Dbbia
LOL. I think Pabbers will have lots to say tonight for sure.
Hope you guys are all well.
Mibbees the music men like SOAL could introduce a wee tune for Pablophanque amongst many others.
Cannae mind his favourite band:o) Help!
I’ve even poured a large 18-year old Glenlivet, a gift from my daughter Roisin for my birthday, even although it plays havoc with me piles
Its all about sacrifice
where can one buy fireworks for Friday night ?