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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The SPL’s fixture list for next season will be published on Monday but last night it was being considered that Rangers’ name could be substituted with an X until the position is resolved.
kitalba on 13 June, 2012 at 00:43 said:
He, shut it and, I’m revelling having a LP tonight.
But, if the link on my name does’nt work’
Don’t Dream it’s over ha:: http://www.youtube.com/watch?v=16Gkg5TzR-Y
estorilbhoy on 13 June, 2012 at 00:50 said:
I am here comrade, but there is drink taken, soon I must retire.
Perhaps I am wrong, but the hatred and the arrogance the hun displays will not be defeated by HMRC, only by gentle education.
On another note, here is a beautiful song written by my favourite writer and song by a great singer;
http://www.youtube.com/watch?v=G3onnJuBS18
Some FF drivel.
Disgusted
Is any **** going to Ibrox tomorrow to stand, shout, fight or even bat a ****** eyelid?
We are about to die yet no **** plans to get out from behind their keyboard. I’m going.. anyone want to follow? Or do you all walk away! FFS lets show we are the people! Lets show every **** the biggest ever support that travelled to Manchester are back. Or are we ALL glory hunters?
I await the ***** responses from the usual idiots but what are YOU going to do about it?
P.S. Kitalba, are you due back anytime?
I’m more thinking about storming Awe Naw’s, for the LP!
T’was an open invite was it not?
Ghuys,
Statement from BDO HMRCs appointed liquidators:-
BDO the liquidators of Rangers FC have made a statement – you can read it here –
BDO partners Malcolm Cohen and James Stephen will be appointed joint-liquidators to the old company, although no timescale for when this will happen has been made available.
Cohen said: “Once BDO is formally appointed, the joint liquidators will be seeking to protect any remaining assets, maximise recoveries for the benefit of creditors, and investigate the reasons behind the failure of the company.
“It is right that there is a full and robust investigation into why the company failed, together with concerted efforts to recover monies for creditors and the taxpayer. This may include pursuit of possible claims against those responsible for the financial affairs of the company in previous years.”
—-
So, their role is to maximise recoveries of asset benefits OBO creditors.
Let the real fun begin :))))))
Hail! Hail!
Well far between sundown’s finish and midnight’s broken toll
We ducked inside the doorway thunder crashin’
As majestic bells of boats struck shadows in the sun
Sayin’ it may be the chimes of freedom flashin’
Flashin’ for the warriors whose strength is not to fight
Flashin’ for the refugees on their unarmed road of flight
And for each and every underdog soldier in the night
We gazed upon the chimes of freedom flashin’
Well in the city’s melted furnace unexpectedly we watched
With faces hidden here while the walls were tightenin’
As the echo of the wedding bells before the blowing rain
Dissolved into the wild bales of lightnin’
Yeah tollin’ for the rebel yeah tollin’ for the raked
Tollin’ for the luckless the abandoned and forsaked
Yeah tollin’ for the outcasts burnin’ constantly at stakes
And we gazed upon the chimes of freedom flashin’
And then through a cloud-like curtain in a far off corner flashed
There’s a hypnotic splattered mist was slowly liftin’
Well electric light still struck like arrows
Fired but for the ones condemned to drift or else be kept from driftin’
Well tollin’ for the searching ones on this speechless secret trail
For the lonesome haunted lovers with too personal a tale
And for each young heart for each channeled soul misplaced inside a jail
Yeah we gazed upon the chimes of freedom flashin’
Well starry eyed and laughin’ I recall when we were caught
Trapped by an old track of vows for the hands suspended
As we listened one last time and we watched with one last look
Spellbound and swallowed “Has the tollin’ ended?”
Yeah tollin’ for the achin’ ones whose wounds cannot be nursed
For the countless confused accused misused strung out ones at worst
And for every hung out person in the whole wide universe
We gazed upon the chimes of freedom flashin’
ftsfa
you blight this site
MadraRua on 13 June, 2012 at 00:58 said:
estorilbhoy on 13 June, 2012 at 00:50 said:
I am here comrade, but there is drink taken, soon I must retire.
Perhaps I am wrong, but the hatred and the arrogance the hun displays will not be defeated by HMRC, only by gentle education.
On another note, here is a beautiful song written by my favourite writer and song by a great singer;
http://www.youtube.com/watch?v=G3onnJuBS18
—–
Badlands man can’t believe you pulled that number.
I’m off to Madrid on Friday to see the Boss at the Bernebau on Sundy night.
Life is sweet.
Glory Days.
Hail! Hail!
Cool, comrade. Carefull of pickpockets.
In amongst all the justified elation & jubilation I’d speculate that HMRC may already know the outcome of the FTT and it means Dodo F.C. are going to be hammered again,and that criminal proceedings are in the post.
Happy daze indeed!
:-))))
CaltonTongues:
I’d love to get back before Christmas but it’ll depend on what he tax man hits me with in July. Pesky taxmen.
Memento mori
Up 24 places to 19th on the ole TKF predictor!
Some folks are moving forty places a game, so I could be 60th tomorrow.
Just celebrate today, and all that has come to pass.
Another wee glass of red…
Its McGills deathbed..sometime in the hopefully distant future remembering all life’s heroes and influences …excerpt on the Celtic bit……….
“….well son…. (cough cough) Celtic heroes… well there wiz the Lisbon lions (Jinky ..what ability), and Big Jock and then there wiz Kenny and Henke and Paul67 and …….”
Thank you Paul67!
kitalba on 13 June, 2012 at 00:25 said:
Yes that is true! I remember that.
That was the first time the germ of “what if” was planted in my subconscious.
Just watched the news night clip that was kindly posted. Give me strength! Richard Wilson & Chris Graham are clueless or spineless or both. Rfc il are finished. New club will grovel for direct spl admittance, in a stunned dignified sort of way. Sporting integrity vs perceived short term commercial interests. We will see how it plays out. Further consequences of the imminent demise of rfc il are unknown at this time.
Apologies if this has already been discussed but,now that they are OFFICIALLY liquidated,can they keep the name rangers?,and please,no guessing,if you are not sure,please don’t answer,thanks.
Here’s a first look, for the nightshift guys, at something I put together earlier.
http://en.calameo.com/read/000390171589b022d8848
Hail Hail friends. That is for everyone who ever kept the faith that this day would come.
Johnnyquest
Just to annoy you, I’ll reply even though I don’t know.
I was thinking that there must be a reason Airdrie changed from Airdrieonians to Airdrie Utd.
Same stadium, same strip, had to change the name.
But if they change from Rangers to Glasgow Rangers, is anyone really going to notice?
No apologies. No remorse. No guilt. Total disregard for the opinions of others.Still.
Depraved indifference to the depravity of not paying taxes. No mention of EBT’s.
There only hope is the intimidation of SPL chairmen. Weera peepil. Let them die!
…and Celtic..get the finger oot!
I used to wish for the demise of Thatcher and was always ready to celebrate her passing, but after losing 2 dearly beloved brothers in recent times, in addition to coming through my own unexpected health scares, I can no longer find it in me to wish death on anyone, far less a “long and agonising” one as wished for tonight by one CQNer.
I despised that woman as a politician and can understand where such feelings are coming from, but wishing her harm and celebrating even the very idea of her death is just plain wrong and has no place on this or any other blog.
Hail Hail
there=their
Tom McLaughlin on 13 June, 2012 at 02:00 said:
GCT….too true..Tims are above that..what about the death of them huns though eh?
Rascar Capac,the reason in asked is,in my opinion,every little thing they want to hold onto,and the name is certainly one of them,I want them to lose,they should be allowed to retain only the stench of their wrongdoing,if,even once,they had shown some remorse for their actions,perhaps I would feel differently,but,as has been well chronicled,they have demonstrated absolutely no sign of any such emotion,hence my question,and,you did not annoy me,in fact,I don’t think ANYTHING could annoy me on this wonderful day.
James Forrest is Neil Lennon! We are ALL Neil Lennon! on 13 June, 2012 at 01:40 said:
…come to think of it. Time for a cracked crest in the MSM somewhere eh?
Tom
She probably thought she was doing the right thing.
We had a political disagreement with a younger Thatcher, and that is now just history.
I hope she is comfortable in her old age, like I would wish for myself if I get that far.
johnnyquest on 13 June, 2012 at 02:05 said:
I second that emotion
On second thought,if you are going to defend thatcher on this blog,THAT may be the one thing which could upset me.
Yes their day, all my trebles seemed so far away
Now it looks as though they’re here to pay
oh I believe in Yes their day
Suddenly, I’m not half the hun I used to be,
There’s a maddo hanging over me
Oh Craigie Whyte came suddenly
Margaret McGill –
Long overdue.
Been struggling for the last week all because I was on Microsofts mailing list and decided to download Windaes 8. Bhoys Dont do it! It has taken me the better part of a week to get my laptop back. But the good news is I get back on to CQN an the HUNS are deid.
http://www.youtube.com/watch?v=cLocKzC80gk&feature=related
gsu
Johnnyquest
In the next few weeks, or months, we will find out exactly who They are.
They are not David Murray, Craig Whyte, Windy Miller, or Chuck Green.
Who are these peepil?
Well, my Good Friend Ian is one of them.
And if they can gather enough like him, and there are a few of them, they have a chance of forming a decent new club.
But it’s a mighty big if.
How do you keep the KKK from forming a newco in their own image?
Rascar Capac on 13 June, 2012 at 02:06 said:
Yeah GCT is way over the top…way over..what are we? evil?
We should only deprive her of her Milk, winter heat, pension,health care and income..otherwise let her flourish
Margaret McGill on 13 June, 2012 at 02:19 said:
Wee joke there GCT!!
Rascar Capac on 13 June, 2012 at 02:06 said:
Tom
She probably thought she was doing the right thing.
We had a political disagreement with a younger Thatcher, and that is now just history.
I hope she is comfortable in her old age, like I would wish for myself if I get that far.
—————————————–
I have it on very good authority that she is being kept out of the public eye / ear as she is now totally ga ga.
She believes Ted Heath is the prime minister …………
Hell (please don’t) mend her
tomcourtney on 13 June, 2012 at 02:23 said:
How could they tell?
Thatcher was a politician, and I don’t defend her policies.
Now she is a frail old lady, maybe dying.
Well, that is what I’m defending.
As you would if you saw folk jumping on her head.
As some of you are doing.