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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Making a doctors appointment as have this permanent grin.
Jaw is killing me…
BT
Not for a one second did I believe you meant the death of individuals.
SPF
zimmerman on 13 June, 2012 at 08:04 said
ST`s for Ibrox ? they are not on sale according to my” season ticket at Ibrox pal” last night.
ibleedgreenandwhite1 –
Green offered 8.5m for a CVA, which included 3m to Duff & Phelps for their fees. The 5.5m to buy the assets represents the equivalent, less the fees to Duff & Phelps.
That is how they arrive at 5.5m for the assets.
Proposterous I know, but that is the answer to your question.
Heehee, Jabba on radio shortbread just accidentally referred to the administrators agreemeent with White….erm Green! Oopsadaisy…
Been all round the work and cant find a hun, not one, usually this is a good thing but…
Can somebody have a good laugh at a former supporter of rangers for me this morning? Please, I’ll square ye up when I get the chance.
Whither the cash strapped scrofulous Hillbillies the day?
jmccormick on 13 June, 2012 at 08:29 said:
Thats what he told me,remember its an orc were talking about here though,he could be confused.One thing for sure,he wasn’t a happy camper.
jake the snake @celticservant
Iain Davidson MP “I want to ensure there is no firesale of the assets”. “Rangers are an important part of the Scottish identity”.
Oooops some forgot his medication..
jake the snake @celticservant
Iain Davidson MP “There is a view that Rangers could move into England to have their European ambitions recognised” WTF?!
Same guy, he must be an outpatient somewhere!!
kitalba on 13 June, 2012 at 07:58 said:
I agree with your idea there, if a subscription is needed to help maintain, expand CQN I would happily subscribe.
Dontbrattbakkinanger on 13 June, 2012 at 08:33 said:
They’re deed in the water.
Jimmy Quinn’s Bits- from last night.
[and the numerous other excellent CQNers martyrs to the ole gout] – yoghurt and coffee will reduce the amount of uric acid in the blood. Sadly beer will put it up but there is a way to achieve a balance ;/)
Shallow Shallow
—————————————————————————————-
I let down the club i love
Well,it looks like its going to happen,The Rangers all of us grew up with is on the verge of ending,with a version taking over,probably subject to a shitload of constraints. The day i thought i would never see is edging ever closer. I have stood on the periphery and watched ,as bast#rds like David Murray and latterly Craig Whyte have raped our club. And what did i do whilst all this was going on? I’ll tell you….f’#ck all. I waited ,hoping someone ,somewhere would come riding to the rescue ,never thinking that the solution was in my hands…yours too. I wanted a leader,i wanted someone to say what i was thinking….why didnt i do it myself? The guilt i feel tonight is f#cking terrible,and i guess i won’t see much sleep. My beloved Rangers lies slowly dying,and by my own inaction i have contributed to her plight. Can any bear out there look in the mirror tomorrow morning and say ” i did all i could”?
I cannot ,and my heart is breaking tonight.
ESTADIO NACIONAL 0833
Never mind looking for huns to laugh at-I’ll send you a list of my mates’ phone numbers-there are real people out there who will genuinely be hurting.
Badly.
The one I feel most sorry for is poor old Sean Connery.
Backed the wrong horse there, Seanie auld shun,did ye no’?
Morning All from a mild but cloudy Germany, I was traveling the last few days so missed the good news until late last night. Well done to Paul67, to Phil and all the others for their hard work in researching and predicting the end when the old media stuck their heads in the sand. By the way I just noticed this tweet:
Rangers Supporters @rangersfctrust
Resounding >80% of RANGERS FANS polled on our social media would prefer us to play in Div 3 over being reinstated in SPL with NO sanctions.
One more thing, you have an all out prize fight, you wait until the fight is over, one guy is left standing. And that’s how you know who won.
Apologies to everyone if this is asking the obvious and been answered in previous posts, but a simple answer would be much appreciated. When Huns are liquidated is there anything in place to stop newco being called Rangers FC, wearing blue and playing at Ibrox? We all know it’s a new club but even the smartest Hun is gonna try and claim it’s the same team with the same history and record. Also, does it make the result of the big tax case an irrelevance? I assume it will have no affect whatsoever on a new club and HMRC will only be able to pursue previous owners?
DBBIA 0837
I’m led to believe cherry juice and especially Vimto cordial can help also?
Any gen?
We’re gonna need a new song for the huddle…. Any ideas
HH
ZIMMERMAN 0840
Especially for your hurtin’ hun
http://www.youtube.com/watch?v=byQIPdHMpjc
Feel free to sing your/our own lyrics……
Paul 67 Why have other SPL clubs not complained that due to their non payment of Tax Vat NIC this year they finished second and will have a considerable pay out from the SPL
A usefuland salutary lesson can be learned in the chapter on Fergus Mccann in the Mccarra book.
Fergus did not bring much success on the field but he did build solid foundations to allow Celtic to not only escape the extreme difficulties they faced but also the uncertainties of the future.
The Murray approach was to gamble on instant silverware but no roots were put down and the whole edifice has crumbled into dust and ruin.
One of these days the true achievements of Fergus Mccann will be recognised.
htmerseycelt lmfao as the big house door slams shut on 13 June, 2012 at 07:37 said:
The captain of the Belgrano disagrees with you ,but what would he know?
tp://www.dailymail.co.uk/news/article-2080490/Belgrano-Britain-WAS-right-sink-ship-attacked-Task-Force.html
BMCUWP -cherries yes, good but expensive!
You have to be careful with fizzy drinks as fructose [ the main sugar in fruit] is used in a lot of American drinks as a sweetener, and is bad for the ole gout.
GourockEmeraldBhoy on 13 June, 2012 at 08:46 said:
”We’re gonna need a new song for the huddle…. Any ideas”
http://www.youtube.com/watch?v=gMxkMy9JvXI
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS 08:41
Cheers. Just phoned ibrox, offices closed answer phone message saying office usually open from 8:30am to 5:30pm….
Hopefully someone sees they had a missed call from Qatar and wonder if it was a billionaire warchest owner.
EN
DBBIA 0849
Thank you once again,sir.
Pate aff the menu for a while,red biddy in indefineite storage and a new healthy regime for me.
Until Friday-I never drink on a Wednesday or Thursday due to my work schedule.
http://youtu.be/LMc263klrMQ
SFL WITH SANCTIONS
THEY NEED TO BE
PUNNISHED
The Gary Ralston piece in the Daily Ranger nearly brought a tear to my eye.
Is it wrong to laugh that hard on the train?
Can I just emphasize the Her Majesty’s part of HRMC?
All that flag waving and Rule Britannia, eh?
ESTADIO NACIONAL 0857
It was from DAKAR,actually-easy mistake to make.
Djiouf wanting to offer his services.
Just when they thought it couldnae get any worse,haha!
ernie lynch on 13 June, 2012 at 08:55 said:
Lol.. I loved that
HH
While watching the Euros my wife has worked out that a thumbs up sign really means, `that was a pathetic attempt at what should have been an easy pass to make!”
zimmerman on 13 June, 2012 at 08:40 said:
That`s a real cracker.
What it does,in fact,is to underline the difference between them and us.
And we are still waiting for the Big Tax case… I had almost forgotten :-)
Is Steak Pie this months Jelly and Ice Cream