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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loch
Mc Celand will be sh*ttin bricks just now!!
5 live talking about that club that used to play at ibrox
And wee drap o red to celebrate the dawn of our new world.
Cheers!
Red red wine you make me feel so fine
You keep me rocking all of the time
Red red wine you make me feel so grand
I feel a million dollars when your just in my hand
Red red wine you make me feel so sad
Any time I see you go it makes me feel bad
Red red wine you make me feel so fine
Monkey pack him rizla pon the sweet dep line
Red red wine you give me whole heap of zing
Whole heap of zing mek me do me own thing
Red red wine you really know how fi love
Your kind of loving like a blessing from above
Red red wine I love you right from the start
Right from the start with all of my heart
Red red wine in a 80’s style
Red red wine in a modern beat style, yeah
Also remember HMRC are not the only game in town here, Ticketus could also try and block the sale of the assets.
There may be a bit to go on this, especially when the dual contract sanctions and the SFA sanctions hit.
This is the end, their death, their extinction. Amen.
It is also the start of phase 2, which will be them scrambling to form whatever they can, however there will likely be a fair number of court appearances. It does look like HMRC won’t stand in the way of any looking lever they are looking for justice from the years of cheating and misfeasance (new word I learned today), from the previous directors.
The newco(s) will have enough problems of a financial and footballing nature to contend with, firstly gaining entry to a league. I would have said SPL was certain a couple of months back, now I’m not so sure, there seems to be a hardening of attitudes towards the Huns and their abject failure to show remorse of any kind, or even acceptance of wrongdoing.
hh
bjmac
Mr Z, if you still about am just watching highlights of your country vs Russia.
Commentator – ” They really love their football in Poland!”
Patronising bassa!
What does he expect from a host nation?
“They really love their football in Poland but the favourite pastime is charades!” Pfft….
JQB
Good to hear that story.
I share your opinion on the politics there.
I don’t know if you guys have noticed that huge banner on the Russian stand. The was a knight with a sword in his hand. It’s one of the symbol of russian nationalists. That knight is Pozarski the leader of anti-Polish rebellion who killed many innocent Poles in seventeen century.
That sign is on the list of the racist symbols on UEFA list.
Don’t ask why some of ask don’t like some of them.
AWE_NAW…,
she also said the liquidator can only go back three years, what she never said
HMRC can instruct investigation of irregularities as far back as the trail leads :o)
ftsfa
Is she deed?? Wondered why she hudnae phoned!! lol
Dons fan on 5 live now
Sorry for more mistakes. Posting from BBerry.
been offline most of the day
doing close season work around the house before L day thursday.
got a text from a good friend proclaming the hvns cva had failed and liquidation was on its way.
I would like to thank RTC,PHiL MAC and PAUL67 and each and everyone on cqn who kept the faith in the dark days .
out in the garden tomorrow.
the harvest gold fence is getting a new colour ……GREEN……should keep the
blue nose neighbours happy…..;)))))))))))
must be the only day in a long time i have not had to text and keep all my friends and work mates informed on the FOD.
as they say……the truth will out and this story had got a lot more to give.
TAL
jam67
anyone got any treats from Follow Follow?
Saint Stivs – I’m fresh out of fireworks but I have a couple of Chinese lanterns that I could set off to The Ride of the Valkyries! Would that do? :-)
The big house must stay open…
I have just completed a half hour diatribe aimed at my wife, a celtic fan, on why she shouldn,t feel sorry for the average hun supporter. Apparently we have to agree to disagree.
Love the idea of fireworks on friday at 10pm but where can you buy fireworks at this time of year.
Zbyszek
Mick Mc Carthy and Roy Keane are in your country at the same time, now that is a recipe for trouble!:-)
With your fraudulent eyes……
More newsnight – discussing buying season tickets. For what? Surely if you buy now, that cash goes to liquidators to pay outstanding creditors?
s
ftsfa
Good contribution by the Aberdeen supporter, Gordon Duncan. I am convinced he represents the Scottish footballing public. No case for Rangers in the SPL!
It’s not dark enough at 10pm for fireworks.
Macanbheata
Ireland fans are fantastic. I watched TV clips from fan zones. Many irish fans cheering Poland.
Zbyszek on 12 June, 2012 at 23:55 said:
I can’t even imagine
Your country, in recent history only, was raped by the Russians, the Germans, and the Russians again.
The ghosts are still loud here from a famine 150 years ago, you’re legacy must be so much more raw, because there are grandparents who experienced it.
We make excuses of political systems; this is all down to people. This is how we behave to one another. There is no race, we all came out of Africa. Given the right circumstances, we will make the right decisions. The little people like us need to stop making excuses and start to take responsibility.
I need to stop spoutin this crap… off to bed
night all
HH
JQB
Goram now saying even the most bitter celtic fan would want rangers in the spl….wonder who is next up to have a go….,,could it be willie johnstone….
Some words from Celtic?
I need to hear tales from FF – anyone got access?
This was a practice run .
We all know where they’re going next.
http://www.youtube.com/watch?v=X-0FURbcPLw
” I feel very sorry for Airdrie and their supporters but we’re running a business. We have given them repeated warnings and felt they were playing on our GOOD NATURE.”
David Murray on Airdrie during their liquidation.
As a man lives, so shall he die.
Be still & KNOW…………..
I have a vision of Sandy Jardine spending the remainder of his sorry life marching round George Square with a sandwich board….
asda. all year round fireworks.
light up the dusk10pm Friday.
let Scotland know. celebrate the end of a horrible blight on the countries history.
pass it on ti other teams supporters .
Whoooooppppeeeeeeeee!!!!!!!
Zbyszek on 13 June, 2012 at 00:06 said:
Have a friend who is a photographer from Poland and was asking him about tickets over a year ago even before Ireland qualified .Turns out he’s the only Polish guy on the planet that has no interest in football:-)
Cults
That shld cure the pigeon problem!!
Tell all the huns you know
We’re having fireworks at ten and you’re no
Fireworks for sale in Glasgow
Hmmmm, I getting prepared for a lot of legal battles to come here. Not just over the rights of the carcass of RFA (RIP) but also between BDO and D&F for arrangements made and other “peeple” trying to start their own rangers 2012
Celtic Mac on 13 June, 2012 at 00:02 said:
ftsfa
Good contribution by the Aberdeen supporter, Gordon Duncan. I am convinced he represents the Scottish footballing public. No case for Rangers in the SPL!
I wonder why newsshite Scotland didnae have him on bbc 2?
If they were to come back as a new club ( I don’t see it happening )
and they needed to change their name then I think they should look
to the new irn bru advert for inspiration.
hh
Zbyszek
The Irish fans were not alone, the Poles deserved to win cos at the end of the day they were the only wons looking for a win.