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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Here’s another one of those odd Celtic fans that none of us know…
My understanding – The onus under TUPE is for the new employer to take over the employees however the employee can walk away (did i really say that) but would not be entitled to any redundancy or notice
Under TUPE the employee can choose to do a bunk.
Paul67
Quite simply, Thank You.
For the time and work you have put in on this story.
I thought I read that if the players transferred to the new company under the TUPE thing, the new company had to honour their existing contracts, No?
Can the new company affford those players?
I wonder if Campbell Corrigan will be keeping an eye on the Domestic Abuse stats,in the next few days.
SSB is like a parallel universe tonight. It’s fun to listen to the delusion and spin.
Paul67
Heard anything about Mr Hunter possibly buying the assets and leasing back with no involvement ?
I can see how a new company can buy the goodwill from the old one – the brand, the customers, etc. – which then become part of the new company.
But how can you possibly buy the history of another company? Can anyone give an example of where the history of a company has been purchased through a liquidation process?
I’m sure I’m not the first to suggest that rangers going into liquidation is like a new signing for them.
HK worried about no huns meaning we’ll run riot, the MSM are terriified of Celtic dominating for many years to come. I dont remember them saying when the huns were cheating through the 90’s how It was bad for Scottish Football then. There hurting and It’s magic but the MSM still get right on my tits, they can bugger off with that mob that wont exist for much longer.
yourgrandchildrenwillbetimsCSC
Reporting Scotchland put a very positive spin on the whole days events.
By the sounds of their opening report it’ll be business as usual with the Shame playing at Ibrokes and everything..
Hurting, hurting huns!
HH
/Bishop B
Rangers 1872 – Good riddance, rot in Hell.
Uncle tims in full voice on Snyde. No REAL Celtic fan should bemoan the demise of the Huns.
It’s the dawning of the day. God rest those of the Celtic family who are no longer with us in body to savour this moment. Our day has come Bhoys YNWA.
Now that Green has went all King Lear- with his pre-eminent jumping on the horde train, and his love of all the large effects that troop with majesty- the following comes from the mouth of Sandy Jardine:
“These late eclipses of the Sun & Moon portend no good to us. In Cities, mutinies; in counties, discord; in Hampden, treason; and the bond cracked between the lodge and SFA. We have seen the best of our time: machinations, hollowness, treachery, the big green Fenian Hand and all ruinous disorders follow us disquietly to the Grave.
shakespeareCSC
As far as I understand it
TUPE applies to a buy-out, not a post-liquidation newco.
TUPE exists to protect employees so that their T&C cannot be reduced, it’s not meant to oblige them to stay.
Len Brennan
I posted about this on the last page.
The BBC’s coverage, with some honourable exceptions, has been appalling.
A wee Q for the statos on the site.If the huns loose titles due to EBT how many come our way and how many in a row will we be celebrating.
Is AT making a contribution on C4 News tonight?
Huns rob. Huns cheat. Huns lie. Huns deceive.
They will continue to try to do so. Only when the newco are told to GTF by SFA/SPL will it be over.
Does newco mean Huns 1872 are no more and newco are Huns2012 with no past, no history, no titles?
Seems MSM are already denying this.
EC67
Hi Bhoys and Ghirls,
Haven’t scrolled back but just to advise be careful out there. Just had my usual pint after work but received verbals in the pub. I admit i was guilty of having a smile on my face accompanied by a very smug look. But this was a first. They are not happy!!!!
Having just got home i have had the misfortune to listen to Andy Walker’s mutterings on SSN
He should be ashamed of himself. A soup taker of the highest order. If i had my way, his name would be removed from Celtic’s history
An abhorrent individual
Radio Scotland haven`t mentioned the trail of debt, not even once. Pretty poor coverage and Traynor is the worst.
Newco with history? I think not.
Case one. Aldershot Town.
1. http://www.theshots.co.uk/AldershotFC.ink
then
2. http://en.wikipedia.org/wiki/Aldershot_Town
•-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on 12 June, 2012 at 18:39 said:
As far as I understand it
TUPE applies to a buy-out, not a post-liquidation newco.
TUPE exists to protect employees so that their T&C cannot be reduced, it’s not meant to oblige them to stay.
that is also my understanding…………..a new Company will be exactly that….it’s not a change of ownership the old Company will not exist for ownership to be transferred
•-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-•
That would appear to back up what I was saying about the new company having to honour existing player contracts. :-)
Paul67
Stewart Regan must resign he has stood by Ogilvie even though Ogilvie has said he will walk if asked to. The man is an incompetent. Resign now Regan your a small man in a big job well beyond your capabilities..
•-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on 12 June, 2012 at 18:39 said:
As far as I understand it
TUPE applies to a buy-out, not a post-liquidation newco.
TUPE exists to protect employees so that their T&C cannot be reduced, it’s not meant to oblige them to stay.
———–
That’s right. TUPE obliges the company to which the business is transferred to honour employees’ terms and conditions. The employees are not bound to transfer with the business.
Czechs wasting time here with some kind of feigned confusion over a substitution.
Does my bias show?
Paul67,
Thank You.
Legend Johnny Doyle, thanks.
RRC, quite simply, you are very welcome!!
TUPE requires the newco to employ staff who wish to transfer at the same rate of pay.
adi_dasler, no. Green has agreement to buy the ground.
hoopeddreams
Aye mate totally abysmal coverage.
Makes you wonder how Mark Daly managed to get approval for his superb programs.
Probably has colleagues who wished he’d kept it all under wraps.
HH
/Bishop B
Paul 67
I said some weeks back that all you had prophesied had come to fruition. Keep your powder dry despite the current euphoria as I am sure there is much more to come. Incidentally interesting to see tha Sally was HACKED and Lenny was ATTACKED did you spot the DR connection? I certainly did not!
Allan McGregor. Free agent.
taggart nobody move, yes, lots more to come.
ThisIsTheOne, you’re welcome.
Paul67 on 12 June, 2012 at 18:48 said:
”Green has agreement to buy the ground.”
Agreement with whom?
Not read back.
Anything happening today ?
;-)))))))))))))))))
HH
Courtesy of MWD:
http://i1213.photobucket.com/albums/cc475/Lennybhoy1888/Grim.jpg
Keep the Faith!
Hail Hail!
Greece result has seen my Hill’s account going down quicker than a……..let’s no go their.
The MSM are now fighting their Stalingrad . It is a unwinnable battle in an unwinnable war.
Can’t believe that even when Liquidated the MSM E.G SSB still feeding them dross… When are they ever going to learn…
Down with the dogs