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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Try this…
http://sport.stv.tv/football/105857-live-q-and-a-stv-fields-your-questions-on-what-happens-now-for-rangers/
Well, do they or don’t they?
I don’t get it…..
Paul67
Like to thank you for your fantastic work on this whole scandal and keeping us updated. The good news just keeps coming.
Indeed a joyous day for us all and one i doubted i’d ever witness.
Hail Hail.
Paul67 well done to you,phil mac and AT been superb. Had a gut feeling they would worm out of it but yeah ha they never. Well done again.
Can someone post a piccy or two of the GB Four Horsemen banner and gravestones?
gotta love those guys.
u
Patrick27 on 12 June, 2012 at 17:31
Indeed, he’d have given it obviously.
I would despair, but not today. Oh no, not today.
brimmer
Brilliant,absolutely brilliant,feel speechless at the sheer enormity of what is about to hit them and their former employees,I’m particularly interested in the wig wearing ex sfa man,
Will HMRC allow Greene to buy the assets for £5.5m?????
Weatherseal, the new SPL Sponsors, owned by one of the Blue Knights, wonder if there is a clause in the sponsorship agreement that rangers must be in the SPL – surely not – I’m sure Mr Doncaster would have let us know if that was the case..
I’ve just totalled up the EBTs that were listed by the BBC and is comes to £43,487,708 – Have I got my sums wrong? That would make a tidy sum to pay back to the creditors and HMRC if they were to demand repayment of the ‘loans’.
No doubt any newco will be haggling to have the history of the dead parrot that is Rangers transferred. No doubt the Scottish MSM will do their best to ignore that a newco is a new club and have no history
Only recently heard the news as I’ve been working all day- but the following is a spontaneous poem I have just wrote; it give an indication of how I feel about their “Visitation of Doom”.
Tonight we will make the most of all this magical merriment:
For Justice is a gift heaven sent,
& they’re dark time, their crimes, are gone & spent.
We’ve watched Karma bulldoze & destroy,
as it filled up our Jeroboam of Joy.
Usurping all of Yesterdays Sorrows
& Replacing them with endless celebrations
for all our Green & White Tomorrows.
With Grace & Patience did we wait,
Until the day Justice came galloping
in a Horse called “Liquidate”.
As the huns weep in their Tombs,
Tonight we will have Ice-Cream Parlours
in our Living Rooms-
Campari Nights are here:
Midori & Mosel Mornings, whispers of whisky,
lashings of lager & an abundance of beer.
With an Irish Jig & Scottish fling,
Let all the True People Sing.
Let Truths wings shine:
& a Paradise of festivity will commence,
as Nebuchadnezzar’s of wondrous wine
flow with generous licence-
In a Cocktail & Lemonade Dream
for Supper,
Followed by Vodka Jelly & Bailey’s Ice-Cream.
Now their dead & gone
All our tomorrows will be Champagne dawns:
Our Mentor, our Way,
Our modern day Balthazar, Our Paul,
Stand Strong, Stand Proud, Stand Tall-
For now I have an appointment
with Jim Beam, my great friend:
He awaits a toast,
with his mouth ready to utter: “To The End”.
The Moon Bhoys on 12 June, 2012 at 17:35 said:
The clause maybe specifies that it must NOT be Charles Green’s Rangers. Let battle commence!
Alasdair MacLean,
Sevco has no history. It won’t be Rangers – that entity will be dead and gone.
If I bought an old Woolworth’s shop and started selling pick n mix and so on, would it be FW Woolworth with 100+ years of history?
I don’t know why people are celebrating.
Liquidation was all but inevitable since the EBT case first appeared on the horizon, so it’s not like it’s come as a surprise.
It’s what happens next that’s important.
We could end up with a debt, and possibly sanction, free newco huns in the SPL next season.
I won’t be celebrating until that possibility has been ruled out.
31st May – “We have no reason to believe it (the CVA) will be unsuccessful”
(Neil Doncaster)
You do now.
Burley: “If any part of your body that you can score a goal with is offside….”
Good so far.
“His left arm was offside.”
Had to go and spoil it, didn’t you?
http://www.youtube.com/watch?v=MZxec2N1KhY&feature=related
Will someone still be paying Media House to push out their propaganda?
Maybe it won’t be necessary as the Scottish MSM will continue as they always have done.
Well I am sitting here and my heart is soaring one minute then slumping the next.
The reason is I am thinking of all my friends and family who are not with me to enjoy this momentous day, so Granda, Da, Big Owen, Barney, Tam and all the other Bold Fenian Men I will raise a glass or two in your memory tonight.
To Paul B you have been outstanding in your writings and keeping the truth out there.
You are truly a part of Celtic history, alongside Brother Walfrid, Mr Maley, Jimmy McGrory, Jock Stein, Jimmy Johnstone, Billy McNeil, Bobby Murdoch, Martin O,Neil, Henrik Larsson and Neil Francis Lennon. You are standing on the shoulders of giants my mhan.
HH
What was campbell oglive work history for them and sfa again ? What years he work for them…
Proud of my country proud of my people
ulysses mcghee on 12 June, 2012 at 17:34 said:
Just type it into google and go to images then save them
GB 4 Horsemen pics
On an
My favourite question from the STV Q&A
If Rihanna changes her name to Whitney Houston will Rihanna inherit Whitney’s back catalogue?
Hail hail
the utter tosh that has come out of Doncaster,Regan & Ogilvie should see the 3 all resign
The ducks have had their day!
Today’s news will be sending a few ex-directors quackers!
Something tells me the whole clan are Donald Ducked!
Quack! Quack! Its not all Yakky Doodle down Edminston Way!
Santa 67
Keep at ’em Paul. They’re on the ropes now. Those hits just keep reigning in on them.
Justice will be done now,….hopefully, now Hector’s stepped up to the Plate.
Karma’s a b****
.
Wish I was back home for this great historic day, sadly I’m In Perth Australia and the storms are bad out there.
Everyone everywhere enjoy the day.. We deserve it. Now let’s bring down Campbell.
Special mention to paul67
Justcantgetenough csc
Can someone confirm if BDO can stop the sale of any assets to Green.
HH
paul76 – u have went right aff the radar pal. first it was all tanks and marble, now it is ducks and aliens. is it ET or EBT bud. i think you have been oot in the sun too long.
setting free the bears
From previous article
Looks like the sportguru predictor has gone the way of the Hun
Anytime I try and log in the sites not available
are there any ‘crisis’ phone ins?
u
Ulysses McGhee
The four Horsemenr of the Apocolypse
ernie lynch
No stars, No history, No Europe.
I will celebrate that any day!
HH
I’ve just heard the news Duck Rodgers, Orville & Scrooge McDuck are top bill for organizing a consortium for New Club…at the moment they are ducking the issue…Scrooge McDuck has said many of his ancestors are from a long line of ducker’s & divers, mainly Saxony & Swedish Blue, who supported OldCo…more to follow follow…
Gordon_J backing Neil Lennon on 12 June, 2012 at 17:42 said:
Craig Burley spoils any commentary when he opens his mouth.
‘We have one-to-one interviews with Charles Green and administrator Paul Clark coming up. I’ll hammer out the quotes from them here and they will be on Radio Scotland’s Sportsound programme at 18:10.’
From the BBC live feed
1749:
We have one-to-one interviews with Charles Green and administrator Paul Clark coming up. I’ll hammer out the quotes from them here and they will be on Radio Scotland’s Sportsound programme at 18:10.