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.
1,192 Comments- Pages:
- «
- 1
- ...
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- »
*ones
Night Bhoys It was a pleasure in many ways!!
nally81,
yea cannae call a wean that :oD)))))
In amongst the euphoria it seems that a much publicly maligned man who loved his club that much that he walked away must be sitting back with mixed emotions and wondering where it all went wrong. In amongst all the lies and deceit and hubris he came across as an honest man who tried to keep his club honest. It was he, in 2002, that opened the can of worms that brought the forces of the crown crashing down on Rangers FC in 2012. A decade has passed with him in cultural exile. I’m not too sure if he will be happy with what has happened but – sure as hell is hot for the damned – the warnings of Hugh Adams back in 2002 have now been unequivocally vindicated.
Maybe now the MSM will stop ridiculing him and pay due credence to what he said about the dual contracts. Remember, he never hid and he named names, he all but called Sir David Murray out as Lucifer and he did it both in the press and on camera.
I wonder if the MSM still think he is just a confused old man with a grudge.
Not many will give you a thought today Mr. Adams but tomorrow countless thousands will with they’d listened to you all those yesterdays.
You did not deserve this day Mr. Adams.
Ghuys,
Our strategy moves to Newclub.
HMRC will now look after RFC (deceased). Our focus must now be on Newclub, let the taxman now take care of the remains.
We need to pressure the footy guys now ( SFA/SPL ).
Double contracts during past 12 years ( at least).
No to Newclub skipping past 30 other Scottish senior clubs into SPL.
Removal of honours from old club for period 2000-2012 (at least).
No compromise on integrity of a game and competition I love, football.
P67 et al, Let’s connect with other SPL fans and share our thoughts and beliefs, we have come this far and have a real opportunity to ensure that we can complete the job.
Hail! Hail!
I trust that any of you who will be in the unfortunate / fortunate position of having to engage with any of the liquidatees tomorrow and solicit their opinion, would preface their question with, ” As an ex- Rangers supporter, what is your opinion etc.
Zbyszek
The people in your country were so welcoming…
I wish I could have stayed for the whole tournament.
The hun will not die with liquidation, trust me.
And still it’s someone else’s fault.
Charlie Green having a go at HMRC for taking a long weekend to give their decision. Now weigh that up against £20m in unpaid taxes.
What he is really peeved at is he will not get the players for nought apart from having no league to play in.
I wonder who will be the first player to leave.
Re the numpty who was
hoping for a double with the Huns and Thatcher. Get a life this site is not for that kind of comment! She was, like it or not, democratically elected and likewise removed. A lot of her Government were Roman Catholics. This is CQN remember who reads this!!! HH
from blackpoool to Brisbane
swansea to vatersay
jersey to derry
donegal to sank paulie
a cave in Spain to our man in Rio.
the Thai tims and the jungle jims .
10pm local time.
Friday night.
FIREWORKS.
let the departed join in
taggart nobody move
Fair point.
estoril,
That is exactly what we have to do.
Their past sins will be avenged, but it is the future that is up for grabs
All their combined efforts will be focussed on resurrecting the corpse, a la Bobby Ewing; i.e. it was all a bad dream, so let’s move on.
We cannot let that happen.
The Big Game has only just begun.
Sempre Vigilis.
Well,
After probably 5 years of posting my favourite song the huns (Click name)
Well, Bill Smith, Radio Clyde DJ, BTW Tiger Tim was sacked for less… ya hun fecker… remember the 1st semi-final at Ibrox v Hibs during Wim The Tims era???
Hey, click on my monicker and, really enjoy or Jump Aff the nearest tall building courtesy of Crowded House :-))))
taggart nobody move on 13 June, 2012 at 00:27 said:
I’m yer numpty!
What the feck has Roman Catholics got to do with my comment?
She wisnae democratically elected in my country and caused nothing but pain and sorrow which some are still suffering so I stand by my comment and hope she dies the horrible death she deserves ..
P.s CQN is open to all so gies peace !!
H.H
MadraRua on 13 June, 2012 at 00:27 said:
Zbyszek
The people in your country were so welcoming…
I wish I could have stayed for the whole tournament.
The hun will not die with liquidation, trust me.
——
Correct they are still there but they are less powerful and their power is on the wain, that is what I am celebrating.
JOHN F. McCLELLAND
“NQC is an equal opportunities employer and as such welcomes applications from all sections of the community. All applicants will be considered on merit, regardless of their economic status, ethnic origin, sex, marital status, sexual orientation, disability or age.”
No mention of religion. Very interesting!
H H
taggart,,,m
disagree, would make my already great week the best
I’ll toast her death heartily
My dear,dear,dear,friend.. Awe Naw
Hiya,pally?
Nice tae greet ye..
Ah Am nae Insolvency Expert, eethur. and Am am very
Glad.. that Ah am NO!
Because.. Ah am No.. an “Insolvency Expert”….. That wullnae stoap me frum
Usin Ma Ain . Uncommon Common Sense!.
As , being an “Insolvency Expert”, has obviously confused and befuddled… the Gal.
Fur..
How come the HMRC hiv intimated.. several days ago.. that They ur Appointing.. B.O.D. as. Their Ain… Liquidators ,in this Fairytale?
And .. noo .. that that the HMRC, hiv made it . known. that.
Like it or Lump it..
The G.A. as a Fitba Organization,oan Account o’ them Being.. DEAD-BEATS..
are noo tae be declared.. Defunct… and are Noo gonna be Liquidated.
B.O.D. and B.O.D. alone…. are noo gonna Carry the Football.. OVER…the Finish Line..
The Administrators’ Task..is over.
Noo.. Why ur they,the G.A. being ….Liquidated?
Noo, that there..is a Great Question!!
(Noo, this is Where Wan’s Un Common Common Sense . comes intae play!)
They are bein’ Liquidated , in order… that AWE AWE their Assets.. kin be sold..first,second, third..and Forthwith… In order,tae get as much of the Money which they hiv “Dead-Beated”… thur Creditors Oota.. Back.
Even a Wean, wid Tumble tae.the FACT….
That ..
When ye sell anything tae of Value..
Ye ALWAYS.. Try.. tae Sell it Fur the Highest Amount,that ye kin Get! Possible!
So it Behooves Man or Wean.. tae Open the Bidding fur
yer Saleable Property.
Tae The LARGEST AUDIENCE , that ye KIn!!
Therefore..it Follows,as sure as.. Psychotic Dugs,and occasionally … Eccentric Gentlemen… chase Automobiles..
and Young Goils..
that… The person whom ye select tae sell Anything.. Tae..
IS ALWAYS. the Person. WHO OFFERS THE MAISTEST MONEY!!
Noo..it is obvious, tae Me…again.. using My.. Un-Common Common Sense.. that
That is the Reason, why . the HMRC as ..hiv, wisely,seen fit tae
appoint.. a Special Liquidator..of Thur AIN CHOOSIN”..
in this case..wull be the Only Company in Toon.. who his the Power tae.. well..
Liquidate.. the Assets o’ the G.A.
Period!
Bluffer, Dopey..and Dimwit.. the Administrators..
are Loacked Oot.. and wull hiv Nae Further Say in the Maitter under Consideration..
And.. That is Awe she wrote..
Kojo
Yer pal.. who likes ye aloater..
Still, Laughin’
NQC
Mind you, paranoia isn’t mentioned either.
H H
@Neil canamalar Lennon hunskelper extrordinaire on 13 June, 2012 at 00:34 said:
Democracy !!!
poll for the nightshift.
have you got FIREWORKS for Friday.
and have you passed it on to all the tims in your phone contacts.
estorilbhoy on 13 June, 2012 at 00:33 said:
There power is temporarily weak, however their pathological hatred of Catholicism will manifest itself in another guise.
But as Paul67 said, let us rejoice in this moment.
Hey, Paul 67,
I Know times are hard but, killing our links :-)
ok just loggin in..better read back. Looks like something big happened?Back laters.
Gotta go..
Good Night Scotland
Good Night Ireland
Good Night Wales
Good Night England
Good Night Canada
Good Night New Zealand
Good Night Australia
and
Good Night…Bill Binnie. wherever ,ye are.
Kojo
Still Laughin’
From berlins famous newton bar we had a wonderful evening topped off with calvados and cigars.
Today we have to thank Sir Minty who turned down Alistair Donald ( ex CEO of Accenture ) planned £40m investment in RFC. Instead he said no and 6 months he handed it to the shyster Craig whyte ( as Alistair Johnstone emailed Dermot).
Why did Sir Minty turn down a serious business dude for a shyster ….HMRC will have figured that one out. Minty as he will be known as shortly will need to find a good lawyer.
CaltonTongues
It costs a lot to run the blog (a wee guess – upwards of 8k per annum) and maybe there aren’t enough 50p’s going in the meter.
Happy Liquidation Day to you.
What a day. Right up there with February 14th.
Just when you thought it couldn’t get any funnier, Chris Graham decided to pitch up on Newsnight Scotland wearing a Rangers club tie and brown brogues.
Absolutely astonishing stuff.
http://www.youtube.com/watch?v=C8f6-WiJRGw&feature=player_embedded
To be honest I always thought the “dignity” and “brown brogues” chat was grossly exaggerated by Celtic fans. It just seems too easy. They really are an absolute @@~#&*% of a club!
MadraRua on 13 June, 2012 at 00:38 said:
estorilbhoy on 13 June, 2012 at 00:33 said:
There power is temporarily weak, however their pathological hatred of Catholicism will manifest itself in another guise.
But as Paul67 said, let us rejoice in this moment.
—-
Let’s agree to disagree on this great moment. Do not believe power loss is temporary but fundamental in our society today.
Thay are still there and will recover slightly but they have bbeen permanently damaged.
Enjoy the moment.
Hail! Hail!
bjmac on 12 June, 2012 at 23:54 said:
Over and above SFA sanctions there is the matter of following due process and in that respect I have been going on about club licensing like a broken record for a reason.
The licence and the process by which it is granted is supposed to give a form of assurance to other clubs in a league that a member club will not go belly up on them. It is a kite mark of approval granted by the SFA to a club who have met stipulated criteria. Criteria that Rangers Oldco or Newco fail to meet whether National Club Licensing rules apply (which is the protocal used for SFL clubs or the more rigorous and recent UEFA FFP licensing rules that the SFA adopted last season and under which any club seeking to play in the SPL are licensed under.
In response to a CST letter seeking clarification if a club without a licence granted by the SFA could still play in the SPL Regan was not as unequivocal in his response as the questions asked. He mentions the SPL have similar criteria but not what would happen if the criteria are not met but that clarity needs to be provided at some point now a Newco is a reality..
The letter and reply are here http://www.celtictrust.net/?func=d_home_article&id=375
Now the criteria cover more than the financial aspects which Rangers Oldco or Newco fail but also matters like payments to other clubs,ground standards, player development that a Newco would have to prove to the other SPL clubs that they can meet.
To satisfy the other clubs that Newco represent no risk, Newco would have to reveal to all the clubs their business plan, their income and expenditure projections and the SFA would have to conduct a licencing exercise to inform the SPL of any risk they are contemplating taking and the SPL would be foolish not to ask for a full licence report so it is by no means a given that Newco, who cannot be granted a licence by the SFA, will be voted into the SPL.
I think Minty better start enjoying his solo showers in the morning cos in the not too distant he might have company. Better watch it when he touches his toes….
…..oh wait a minute!
Good night Kojo
Good night all you Irish fans in Poland
Óiche mhaith mo chairde Gael !!
madrarua and estoril
light a Roman candle.
Friday 10pm.
Asked how quickly the existing company would be liquidated, Clark continued: “I would suspect it would take six to ten weeks. It will be in the foreseeable future as opposed to months or years ahead.”
Whenever it happens, it will be the death of the company formed in 1899.
Sweet dreams!
Kojo
That chimes with my assessment of matters going forward. The liquidator is the new King with supreme power to reverse previous decisions made by administrators.
MadraRua on 13 June, 2012 at 00:38 said:
estorilbhoy on 13 June, 2012 at 00:33 said:
There power is temporarily weak, however their pathological hatred of Catholicism will manifest itself in another guise.
But as Paul67 said, let us rejoice in this moment.
—–
No got a roamin wan can I light wan that stands still?
Ps ami still not talkin to you???
17.822 Their last attendance before the media spotlight was turned on them…let’s not forget how “loyal” they really are/were.