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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Paul67,
just the ground?
so we could have others wanting to buy the rest.
Grim Reiper
Keep the Faith!
Hail Hail!
P67-Did Whyte not transfer Ipox in to one of his other companies?
Now that Liquidation is imminent, does anyone have a scooby as to what BarcaBhoy said would make everything so far pale into comparisonl. What possibly could trump them being liquidated?
RTC suggests that if there is any kind of legal challenge then there will be no newco playing any kind of football in any division next season.
Listening to the ex rangers fans on the radio and their lack of understanding is incredible.
Ah well………….
I can’t believe I went from muck to profound. This mess is really making me a better person.
Incredible day. Incredible.
A battle is still to be fought I fear, but it is against a new foe.
The old one is vanquished.
Celtic have won.
DeniaBhoy on 12 June, 2012 at 18:54 said:
Now that Liquidation is imminent, does anyone have a scooby as to what BarcaBhoy said would make everything so far pale into comparisonl. What possibly could trump them being liquidated?
======================================
David Murray is to be revealed as an agent of the Vatican State…………
allegedly
Poor Jabba doesn’t understand why many of us do not like that ex club. Where to start Jim?
Paul67
In a fair minded society we should also be pushing for a cull of the fawning Murray media lick spittle’s ( they are not journalists) they have kept the veil over these crimes for many years and they should be removed from immediately from all media outlets.
RobertTressell – I thought Dave King had already said he would challenge the sale to Green in the courts.
Ghuys
Sun in the Algarve just got brighter if that is possible.
No Shame next season, lengthy legal battle with Whyte, Ticketus, and BDO hauling the previous directors over hot coals for years to come.
Shame gone forever, busted brand and flush.
Algarvecfc
it really is embarrassing just how transparent the MSM’s pathetic and deliberate missing the point of what happened today is. RANGERS ARE DEAD. Deal with it.
Apart from anything else I havelearned a helluva lot about how the world of business works.
I say learned, but the more I have found out the less I have understood……..
Oh if we got McGregor as our new goalie I would cry with laughter
Get Aluko too just for gags
Mind you, wouldn’t want anyone else, genuinely not good enough for us!
HH
DeniaBhoy
Stripping of titles & cups?
Jail time for all concerned?
SFA collapse?
It’s all sooooo exciting!!!
LOL
HH
/Bishop B
Paul67 on 12 June, 2012 at 18:48 said:
TUPE requires the newco to employ staff who wish to transfer at the same rate of pay.
————
This is so where there is a transfer of a going concern. Upon the appointment of a liquidator, however, employment contracts are terminated.
If it is liquidation the players contracts revert to SFA. Therefore TUPE would not apply.
The players if they wished to join the new company on a new contract and terms or alternatively they would be free agents to seek employment elsewhere.
C4 “The club as it was ,is over…”
good evening cqn
liked this comment on Alex Thomson page,
It would appear that HMRC dont do walking away
“the club as it was is over” so says Jon snow on Chanel 4 news.
STV News about to start. This could be funny.
Guy on SSB now – I’m hearing the ‘acceptance’ phase but incredibly still thinks they’ll keep their history. perhaps what he means is ‘we’ll have our memories/ personal history’ because whatever club they start following won’t have a history.
I really hope we get at least 2 Newco applications.
Traynor thinks its a chance to get rid of the sectarian baggage. WHo is he kiddin?
Hasn’t sunk in yet. They don’t have a club to get the baggage out of.
They don’t exist. There is no rangers to follow. they are gone. The baggage remains with them.
Easy enough to understand
Just watched the news there where a so called expert said a New co would be set up after assets were transfered from the old Rangers now I am not getting this how can a liquidated company have any assets ? then they said player contracts would be transfered surely not ?If this happens surely the creditors HMRC being one can then go after the New co. can anyone put me right as I am confused. H.H.
!!Bada Bing!! 18:41
The lovely Sarah Smith will be on. Watch out for a cheeky bluenose reference too
The ole mysterious consortium members will disappear like snow off a dyke.
Paul67
I have written to the queen demanding that your knighthood is in the new years honours list. Maybe a deal deal with Minty.
Hail Hail
roy croppie-Jabba finished by saying the huns should start again in Div 3,and” rid themselves of that element..” without obviously expanding on the “element”.
Fraud experts ready to move in.
D&P again saying TUPE, exactly same terms.
Rangers’ fans and the MSM would be well advised to read this blog and the RTC blog because what they seem to think is happening and what is really happening are two different things.
Deluded doesn’t even describe it.
I would ask them…who was right all along?
I’d advise them….be careful where you get your information.
Duff and Duffer guy just said players will transfer to Newclub,on the same contracts? Do these guys know any rules?
Life mislaid somewhere, have to go and retrieve it.
All the best
!!Bada Bing!!
if they get rid of the ‘element’ there will be three men and a dug watching them. Poor Jabba that’s both his teams been liquidated :)
Someone better explain the workings of TUPE to Duff and Phelps.
0.G-Thanks,got C4 News on now.
From cracked crest to no crest in a matter of days.
Old hun on stv news “Liquidation is something I don’t really understand. What’s gonnae happen tae us?”
Sorry to be the bearer of bad news auld yin, but you lot are going to die