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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James Forrest is Neil Lennon! We are ALL Neil Lennon! on 13 June, 2012 at 01:40 said:
7>>>>>>>1
Thanks for that! HH!
Earlier,after I heard the news and had a quick jump about the blogs, I went out with my lovely wife and celebrated.
If I still smoked I’d have had a cigar. If I still drank I’d’ve been intae it.
Instead we went and bought the dvd of “Game of Thrones”,had a lovely meal in a nice wee restaurant,and went to see ‘Prometheus’ in 3D. Then we came home and….
Anyway,what a day in my wee life. One of the best. Much more to come,but in the meantime,I’ll savour this one.
:-)
Thatcher was/is nuts. She welcomed Pinochet with open arms. She & Ronnie Raygun introduced the world to voodoo economics: this is what rfc(deceased) practiced. Should we thank the auld hag?
Say what you like about her. I don’t care. Rfc is dead.
:-)
Rascar Capac –
That is exactly the point.
Well said.
She is a very sick and frail old woman. Let her live and die in peace.
Miki
Who is thanking her?
I really, really didn’t like her.
She had no idea about working class Britain, and is perhaps a war criminal, (Argentina and Ireland).
But I was responding to folk wishing painful death on her.
I think she probably thought she was doing the right thing.
I sincerely hope Thatcher is in pain and her death is prolonged and awful. Karma is a bitch and we all will have to pay for our actions in one way or another. I would never do anything to harm any old woman, but am just glad that there is some justice in the world, and that that oul bitch is now receiving a good dose of it.
ps Rascar, am sure Hitler probably thought in that warped mind of his that he was doing the right thing………doesn’t mean we shouldn’t all be glad that he received a bit of summary justice and hope that he was in pain in his last moments on this earth !
For some reason this has been playing in my mind for the last hour or so
http://www.youtube.com/watch?v=6XKlEfvP-lo&feature=related
There is so much I could say regarding thatcher,best to let it lie,especially today of ALL days
Hat doffed to Tom et al. and to their decency in relation to wishing death on someone. Anyone.
I completely agree with them.
Then I always come back to Hitler.
A real moral dilemma.
Any moral philosophers on board?
Derry 2.47
I posted mine without reading yours.
Dressed like thatcher you must be living in a different world
And your mother doesn’t know why you can’t look like all the other girls
They stop you in the street – they wanna know your name
To reach you on the phone – cause they know your game
Always running up the alley – trying to get home
Or standing on the corner – never alone
And I don’t wanna get over you
It doesn’t matter what you do
I just can’t get over you – over you
You say the boys with the bikes and the leathers like to beat you to hell
And the girls where you work don’t treat you too well
You think you’re such a smacker – but you ain’t so bad
Get what you want – with looks like that
Always running up the alley – trying to get home
Or standing on the corner – never alone
http://www.youtube.com/watch?v=rH_gFUSAoAk
macjay1 for Neil Lennon on 13 June, 2012 at 02:53 said:
yeah..shoot the buggers!
for every 50p annan atheltic spend we will spend a pound
Derrydave
Yeah, this had to end with Hitler!
So I am guessing he was someone who was a stranger to empathy, to love and decency.
He was perhaps a psychopath, unable to function like we do.
Is that his fault?
Is it Thatchers fault, or just the way her heid worked?
Of course, this goes to the heart of our justice system, but greater understanding might create fewer criminals.
I’ll buy this club for a pound
http://www.youtube.com/watch?v=ejGQ5oIuP9c
Been reading back on all kindsa stuff re. today 12/05/2012(!),and a wee fact that even the most optimistic,in denial hun ignores. Even IF some kinda tainted-forever no-shame ‘newco’ is raised,zombie-like,they still have to apply to join the SFL if their masonic angels in the SPL don’t fly to their aid.
There are no more ‘givens’ for that lot…the days of ‘entitlement’ are gone.
They are gone. They may not be back at all. Now THERE’s a thought!
:-))
Don’t Walk Away : http://www.youtube.com/watch?v=tPqPB3Qnaes
Just so that everyone can join in, here’s the lyrics:
Why do I say, don’t walk away
You’ll be the way you were before, when you don’t want me anymore
Don’t turn around, don’t ever leave, a lonely room where empty days
Are gathering to meet me when you’re gone, gone
How in the world will I go on
(Don’t walk away) all you gotta do is stay
(Don’t walk away) all you gotta do is stay (don’t walk away)
Chorus:
Don’t walk away (don’t walk away), don’t say goodbye (don’t say goodbye)
Don’t turn around (don’t turn around), don’t let it die (don’t let it die)
When shadows fall (when shadows fall), when day is done (when day is done)
All through the night (all through the night), all of my life (all of my life)
Don’t walk away
Is it a dream, when will it end
When everything we’ve ever known has ended and I’m all alone
Where will I go, where will I be, the feelings that I’ve never shown
Maybe I’ll find the answer when you’re gone, gone
How in the world will I go on
(Don’t walk away) all you gotta do is stay
(Don’t walk away) all you gotta do is stay (don’t walk away)
Neither the msm, nor the collection of hun-lovin’ bums get it . Even now.
http://www.heraldscotland.com/news/home-news/rangers-football-club-born-1872-died-2012-x.17860493
Thought for today:
“The most difficult subjects can be explained to the most slow- witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him.” – Leo Tolstoy
Am obviously glad that HMRC have ensured that the huns have expired, however really don’t understand the following from them:
HMRC also revealed it was not contesting Mr Green’s purchase of the club and was not interested in forcing a fire sale of assets such as Ibrox and Murray Park as “the intention is not to wipe Rangers off the face of the map”.
Why are they not contesting this sale ? It seems obvious to me that this is a sale of the assets of the company at a level significantly below the actual market value ! Why therefore are HMRC not trying to maximise their return ? and can the other creditors (e.g. Ticketus) not do something to stop this sale also ? Surely the best option for the creditors would be to remain in administration until all the players could be sold (realising somewhere in the region of GBP 10 million) and then sell off the other assets to the highest bidder ?
Would love to hear from someone with experience of liquidation as to how this sale to Green can be considered to be in the best interests of the creditors – it is afterall the creditors who are meant to be of paramount importance in the whole administration process. Surely this cannott be allowed to happen ??
The newco would have to request a transfer of Rangers’ share in the SPL. The SPL will then vote on whether to admit the newco to the top-flight. The SPL rules require eight of its member clubs to vote in favour of a share to be transfered to another company or club. This would require seven other SPL clubs to vote in favour of transfering the oldco’s share to the newco, since Rangers will have a vote.
How is it conceivable that a non-entity can have a vote?
Votes for the dead!
Bring out your voters!
According to the Herald today,this guy has put up 40% of the money for the purchase of Assets to go into Newco
Rafat Rizvi
From the London Evening Standard
http://www.standard.co.uk/business/markets/city-spy-law-may-be-closing-in-on-runaway-rizvi-6400392.html
More bad news for Rafat Rizvi, the $600 million (£367 million) tycoon found guilty on corruption and money-laundering charges in Indonesia in late 2010.
Indonesian officials have been infuriated by the difficulty of chasing him and his assets, and have just signed a co-operation deal with public prosecutors in 33 countries, including the UK.
Rizvi was sentenced in absentia for 15 years for allegedly stealing from Bank Century, in which he was a major shareholder.
This guy has also put up 40%
Mike McDonald
From the BBC
http://news.bbc.co.uk/sport2/hi/football/teams/l/leeds_united/6611095.stm
He has met Leeds chairman Ken Bates but said he would only invest in the club “if it was a good deal” and has no interest in taking overall control.
McDonald told the Yorkshire Post: “I said if there was a consortium someone wanted me to join I’d consider it.
“But I didn’t want to be on the board or chairman.”
McDonald, who left Bramall Lane eight years ago, added: “I’m looking at it purely from an investment point of view.”
However, Bates said on Monday that he had already rebuffed an approach from McDonald, saying: “I told him to go away and come back with proof of funds. I haven’t seen him since.”
These two seem ideal material to continue the illustrious line that started with Murray and ran through Whyte and Green without missing a beat .
so tell me again, which 8 clubs are going to vote to have this shower of hooks, crooks and comic singers in the SPL
I posted this on 15th May. I still dont have a clear answer….
ok I admit I havent read up.
I dont know how it works.
Newco in the SPL next season.
Is it just the clubs that vote?
Why does one need a vote? Isnt it against the rules?
Doesnt Celtic participating in the Vote even for a “No” legitimize the vote?
Why are the huns allowed to vote? Isnt that a conflict of interest.
So say it comes down to it.
Celtic, Hibs, Hearts, Aberdeen, Ross County vote No (5)
Motherwell, Kilmarnock, St.Mirren, ICT, St. Johnstone, Newhuns vot yes (6)
Dundee Utd Mibbees aye mibbees naw.
Isnt that enough for a No?
Have not read all posts….
But thank you Paul67, auldheid, Barcabhoy, Phil, RTC and many others for their tenacity. Tenacity takes that most precious of commodities… Time.
Our day has most certainly come…And so has Scotland’s.
Thatcher? While time is precious and one should spend it wisely… Never forget.
Obama did more than Bush.
Blair did more than Thatcher.
Regan may do more than Farry.
Bottom line?
Every generation, the leaders will sink lower… If they are allowed to.
Readers of CQN can articulate the absurdities of the sports journos… What is needed is that we do the same with the political and finance spin too.. It may, just may, more relevant to us all..
Or we will all follow follow the huns path to foolish oblivion.
Rant over…
Except for this ..,
http://www.youtube.com/watch?v=OFvPc8iGvyo&feature=youtube_gdata_player
Like several others, I don’t understand how a club that no longer exists can have a vote.
Art of War on 13 June, 2012 at 00:46 said:
unbecoming -you are better than that !
Good morning fellow Celts from dry, grey London Town
I just love the smell of justice in the morning :-)
HH
M
lanarkcelt
,0)
Exactly. Head. Nail. Facing us. Now. Full Steam Ahead is the modus operandi.
G”Night.
After 140 years Scottish football has finally got rid of its sectarian problem.
rangers are dead.
YES.
PS: Ya Daaaaancer.
Good morning CQN from a HUN free Clydebank
O what a beautiful morning, O what a beautiful day
I’ve got a beautiful feeling, everything’s going my way
Lots more to come this is only the start
Keep the Faith
Hail Hail
Sorry for the link but it’s worth it for the picture.
http://www.thescottishsun.co.uk/scotsol/homepage/news/4369634/Dead-white-and-blue.html
Morning all.
It wasn’t a dream, was it? :)
On the terrace, watching the sun coming up and Bob Marley on the Ipod:
Sun is shining, the weather is sweet
Make you want to move your dancing feet
To the rescue, here i am
Want you to know, y’all, where i stand
Oh yes.
In Malaysia this week working and not been able to keepup to date with news. So a bit late in hearing about their demise, still smiling all day long nomatter what.
Why trust what the BBC say about some newco getting a vote, it’s not like they or the rest of the MSM have been right and on the ballthese last 3 years. For a start which newco, and which new incarnation of rAngers will get the vote. Utter tosh, IMHO.
Hail Hail.
When ever anyone says rangers to you say, “who?” then “which one?”
Welcome one and all to the post-hun era!
No vote for corpses…
looking forward to another fun packed day on planet schadenfreude
HH