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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Paul67 on 12 June, 2012 at 23:09 said:
We think we are hard done to can you imagine what the ref decisions were before we had TV…but then again we are all paranoid… The last few years have been bad but if you read Gerry McNees biography of Jimmy McGrory it happened back then. My understanding the killie team who had nothing to play for on the weekend after Seville were offered 4 times their bonus. Its always been
Today is a great day….We need to tomorrow get williemillersmoustache etc involved to make sure the correct decision is made
Sorry for all the questions but can you float a jobby on the Stock Market?
well well well !
GOD BLESS HER MAJESTYS REVENUE & CUSTOMS
Few years back while watchin the St Patricks day parade in New York about 50 men marched by. I asked this big Yank who’s that? He said “thats the Texas Rangers they dont smile”
Thank France am no in Texas the night!!!
Been restricted access wise today, and didn’t manage to share my thoughts on today’s inevitable conclusion (part 1) to the Rangers scandal.
Still not quite sure I’ve got the words to express how I feel about this milestone, but there’s always Edwin Hawkins… chap’s got a way woth words.
Enjoy
Oh Happy Deus (ex machina extended remix)
http://www.youtube.com/watch?v=CNQXQKflJNA&feature=related
Cash ‘ n Carter song
Oh their history will be broken by’n by lord , bye and bye
There’s a better home a waiting, in the sky lord in the sky!
YES, YES, YES.
YAAAAAAAAAAAAA Dancer they are died.
YES. Today finaly proved rangers ‘football’ club are corrupt beyond what any decent person could imagine, they were seriously funked right up, their cheating over the years lost people in the understanding of how much the swines cheated Football.
WOW. when you think of it, they were nasty Cheating Bastards. david cooper, sandy jardine, that dick they have on a statue, I dont know his name, etc, were all fooled with false claims of ill repute, they played for a team of defunct nothings, a club who achieved Nothing. F all. A club whos main claim to fame was hate, well done, some Clubs are remembered for Football and are still going. They did it without cheating.
Art
If you must.
Guiltylurker 22.02
welcome aboard, just stay around and join in :))))
HAIL HAIL
Art Hate that word …… float. lol
Fat Sally Pie Man McMoist should be on that Irn Bru advert.
” Ah come fae a long line ah fannies.”
Insolvency expert on BBC Scotland pretty certain green has his mitts on the assets.
HH
jock
Geezza a dod then. lol
Evening Fholks on this memorable day…..imagine what it will be like springing out of bed in the days ahead. Short question, Green is only at this time the ” preferred bidder” for the mess, but then wee Whytey STILL has 85% of the club. Therefore how can Green get the airwaves and the masses believing this bull. I guess it’s then all wind and pi#h….?
jude2005 – :-)) Well the brown stuff is certainly hittin’ the ol’ fan now!
Many huns will see this as the day their club finally handed over the status of Scotlands greatest football club to us. We always knew that race was won in 67. It will be destroying them inside.
HH
Let the cyber-karoke continue……I give you “The Road to Hell” with apologies to Chris Rea!!
Well I’m standing outside the Big Hoose, where the Huns tears start to flow
Ibroke boils with every poison you can think of
Underneath these street lights, theres a light of joy I know,
For the Huns have died in Celtic’s shadow
Their perverted love of violence, chokes every smile upon their face
No common sense amongst them, we could tell
This ain’t no technological breakdown
Oh no….This is their Road to Hell…..
Air Guitar …..
Copeland Road jammed up with credit, theres nothing they can do
They have shredded bits of paper, but we already knew
SFA take a good look, and what goes down here
You must learn this lesson fast, and learn it well
This ain’t no awardly mobile freeway….oh no….this is their Road to Hell….
Big Air Guitar finish!!
I reckon
Aberdeen, Hibs, Dundee Utd, Hearts and Celtic will say no to Newco
Art
Ta for that. lol
Mr Z,
As you know, there are good and bad in all countries…. unfortunately, the political situation in Russia – my opinion only – is that the old nationalism card is being played yet again, and otherwise decent people are being exploited by people hungry for power. This tactic goes back many thousands of years, its a shame we don’t learn from it.
My grandfather was very friendly with one of the many Poles who stayed in Scotland after the war; fantastic old gentleman. A couple of years ago, I noticed a group of – what I assumed were young Polish people – moved into a house across from us. I took a bottle of whisky over to them as a welcome, as someone from an immigrant family myself. Turns out they were Latvian – my ignorance – and we had a crackin afternoon moanin and rejoicin about things that everybody, regardless of nationality, does.
Awe Naw
I’m no expert but Liquidators can over rule Administrators if they see fit is my understanding…
Awe Naw
Another Football insolvency expert 2 days ago predicted HMRC would stick rather than twist on the CVA.
No one knows how this is gonna pan oot.
Hail! Hail!
MWD
Now. When is that party you have been promising us?
I’m gettin very hammered now, so apologies in advance
Or I may just leav…..
CultsBhoy – if it gets to that I think we will see a collapse of `loyalty’ as they will know that we are the only show in town. Unanimous vote against them!
CultsBhoy loves being 1st forever & ever on 12 June, 2012 at 23:37 said:
Awe Naw
I’m no expert but Liquidators can over rule Administrators if they see fit is my understanding…
—————–
They can reverse ANY decisions made by the Administrators.
When I see a pic of Mc lelland i think succulent mutton. Him and his kind are at the core of all this!!
What surprises me is that you all were not expecting the pr backlash from todays death of Rangers (1873 – 2012, RIP). Let these feckers run out of breath and the real facts remain;
1. They as a company AND a football club will be dead through liquidation.
2. Any transfer of an sfa/spl share means just that: that another NEW team has taken their place.
3. Once liquidated, ALL players can leave because that company/ “football club” has ceased to be.
My only problem is how we as proper football fans deal with the fallout and from what I’ve seen, no-one wants this toxic disease anywhere near the 3rd division let alone the spl.
“May you live in iteresting times” – Ment to be a curse and a gift but once we shed this cancerous spot on our most favoured sport then Scotland will get better. Most teams chairmen know this. All the fans know this. What happens next is crucial to how we ALL are not how other people see us. If we cannot deal with this ourselves then feck it, the baw is truly burst!
Sorry for the long post.
Cults
I think she would know better and last time she was wheeled out she predicted – forewarned about today.
The liquidators can only stop that from happening if something has been transgressed was my take on it.
HH
BBC newsnight
Insolvency expert mrs/miss Leslie appeared ro claim that Whyte doest have floating charge as he paid no money. He a paid 1 pound more than Green.
She was confident Green will rule the roost.
Humm
John McCllelland and the Public Purse
Chairman of NQC Ltd a company receiving payments from 30 public bodies in the North West of England.
Chair of the Scottish Funding Council
Chair of Skills Development Scotland
All this public purse remuneration for a man who wouldn’t pay his taxes and NI.
Time to get your big fat snout out of the public purse.
Paul67 et al
Congratulations Paul on calling it right all the way through, in the face of the naysayers, and the naypayers. They could not believe it would come to this, their mighty club brought to its’ knees. No way back now, not for Rangers, nor their erstwhile supporters. They took the silver but for us it is comedy gold. To quote that great English football commentator, Kenneth Wolstenholm, (World Cup Final 1966, European Cup Final 1967); “They think it’s all over……………..It is now!”
Is Clark of duf and duffer morphing into mark dingbat?
What happened to that wee runt counciller up Fife way? Murdo summit?
Who could ole Will Shakespeare possibly have had in mind
when he penned these lines?
Where the evil ones around in the 16th century?
QUEEN MARGARET
Hie thee to hell for shame, and leave the world,
Thou cacodemon! there thy kingdom is.
….If heaven have any grievous plague in store
Exceeding those that I can wish upon thee,
O, let them keep it till thy sins be ripe,
And then hurl down their indignation
On thee, the troubler of the poor world’s peace!
The worm of conscience still begnaw thy soul!
Thy friends suspect for traitors while thou livest,
And take deep traitors for thy dearest friends!
No sleep close up that deadly eye of thine,
Unless it be whilst some tormenting dream
Affrights thee with a hell of ugly devils!
Thou elvish-mark’d, abortive, rooting hog!
Thou that wast seal’d in thy nativity
The slave of nature and the son of hell!
Thou slander of thy mother’s heavy womb!
Thou loathed issue of thy father’s loins!
…They that stand high have many blasts to shake them;
And if they fall, they dash themselves to pieces.
Richard iii act 1 scene iii
SrugglingwithdaughtershomeworkCSC
Rangers fan /blogger on newsnight, when questioned about the millions of pounds lost to the public purse states ‘rangers have already been punished quite severely’. I could almost smell his affrontery that they should be punished at all. 10 points plus £160k fine for pre-meditated thefts amounting to tens of millions of pounds.
Absolutely no sympathy for that club or their supporters. Cheats, liars, theifs and (for many decades) institutionalised bigots. They deserve no place within the Scottish football structure.
Don’tbrattbakkinanger,
Cheers for your comments about our incredibly brave (& too often forgotten) wartime allies. On any other day, what you wrote would have been the higlight for me.
FIREWORKS 10pm Friday night.
pass it on.
make it happen
Please let Thatcher make it a double!
Or am I just being greedy :)