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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Expect announcement from players union and more dates in court.
CHARLES GREEN wants Rangers players to
get behind what his consortium is trying
to achieve at Ibrox and sign up to a new
era at the club.
Under the TUPE process when a NewCo
situation arises, Ally McCoist’s squad’s
contracts are due to transfer from the old
company under exactly the same terms and
conditions.
There is an option to reject that chance but
Green is hopeful those who finished the
campaign turning out for the Light Blues will
agree to keep doing so going forward.
For all that HMRC’s decision to reject his
group’s CVA proposal was a clear setback,
the Yorkshireman is at least now in a
position to be able to talk terms with
players.
And he said: “TUPE is very clear and all
employees will be transferred under the
rules and regulations.
“Of course, if the players choose not to
transfer they will then be in breach of
contract but we want all of the staff and
players to get behind what we are trying to
do.
“I always think if you are going to get news,
good or bad, it is better if you get it earlier
rather than later.
“If it is good news, you can party for longer
and if it’s bad it gives you time to recover.
That’s what we’ve got here.”
BDO=Binder Dijker Otte!?!
That’s disappointing, I thought it meant
“Blender Device Organization”
;o)
EVENING BHOYS,
HAPPY BIRTHDAY TO ME!!!!!!!!!!!!!,
how good is it to celebrate your birthday on the day that Hector
finally gave the huns the bad news.
Unfortunately its also the day that the hospital confirmed that i had broken
my wrist plaing in the Raemonn Gormley football tourney.
Moonbeams WD,
was good to meet you,hope you had a good time,
i went to the museum on monday,very powerful stuff i must say
Heart says Poland head says Russia
c’mon you Poles –
Evening all.
Long time no post. My days were consumed by reading Paul 67’s excellent articles. Kept nodding my head as different ‘talking heads’ bar Alex T from C4 tried to explain their pathetic reasoning that they are too big to fail. Yeah right !
Good riddance to ’em.
God bless every Celt past and present tonight.
Hail Hail
Logical
Polska….
Celtic Football Club – The most successful surviving football club in Scotland
MWD
Wonder why Big Dick Advocat doesn’t look too focussed on the game tonight, he must have sweat dripping down his fat orange peel face!!
HH
Gordon_J
I know what logic dictates but we are talking emotional football fans here. If Celtic had been liquidated in 1994 and a newco formed, would we have given up all that went before? You bet we wouldn’t and Rangers fans won’t either – no matter how much we remind them! :-)
MWD
in the world…?
ooops that was them…. o))
The assessment of asset values by BDO will no doubt be a lengthy process- the selling on of those assets to the highest bidder will also spark off an internecine battle for these assets from various interested parties…there will be those who believe themselves to have special preference to various assets: Whyte, Blue Gimp, Agent Green, Kidder Kennedy, The Man who would be King etc all warring with each in a long drawn out legal minefield…how, under these circumstances, are we ever likely to see an FC Newhun in the SPL, even if they gain the required votes to do so?
gordybhoy64 on 12 June
Happiest of birthdays to yoooooooooooo
From the BBC website
http://www.bbc.co.uk/sport/0/football/18413384?utm_source=twitterfeed&utm_medium=facebook&utm_campaign=sportsound
The Rangers Football Club PLC is a public limited company registered in Scotland (company number: SC004276) and was incorporated on 27 May 1899. When the current company is officially liquidated, all of its corporate business history will come to an end.
When this happened to Airdrieonians in 2002, all of the trophies, titles and records associated with the club discontinued – a new club, Airdrie United FC took over. Airdieonians’ official history ended in 2002, then Airdrie United’s took over.
The answer lies principally in the eye of the beholder – some supporters will view the new Rangers as the same Rangers, while others will feel the old Rangers no longer exist.
The cheating dogs are . . . . . . . . . . . . . . . . dead
Yurcl
Greene was complaining that Hector should have said earlier they wouldn’t accept a CVA – however until a CVA was proposed they couldn’t judge – it could have been 90p in £.
Oh wait a minute – Greene said he had discussions with Hector and they were up for CVA
GUFF
The vultures are circling the corpse
so we can no longer sing that the orcs are shackter..
we now must sing that they are dead?
Headtheball on 12 June, 2012 at 19:39 said:
I’m afraid I don’t hold with all this losing their history business
Oh, its lost all right. The tainted history stopped with the liquidation. What happens next has nothing to do with the former RFCIA. The msm will tell you otherwise. But they are fools.
gordybhoy64. It was a pleasure. Sorry to hear about your wrist. The Free Derry Museum on the Bogside was an eye opener. Knowing a fair amount about 30th Jan 1972 my eyes were opened to the full shame of that day.
I was delighted and surprised to find the Celtic shop within the Derry Walls. Here was me thinking those apprentice boys guarded those walls too. :-)))
MWD
Hearing Arry has walked.
Maybe he is in the ‘consortium’!!
Have a great night folks.
67heaven. I’m all emotional now. Party at my house soon mate!
HH
sixtaeseven: No NewClub in SPL and it’s Non-Negotiable! on 12 June, 2012 at 19:50 said:
________________________________________________________________
I thought BDO was a Big Disembowelling Object.
Now admit it, who was driving the ice-cream van?
http://img.photobucket.com/albums/v311/chuck1967/Goram.png
Is it HMRC “policy” that Charles Greene is also the manager of Poland? Certainly looks like him.
Green has a bloody cheek saying that he was mislead by HMRC– how the hell does he think they felt when they uncovered the BTC and the EBT’s, and how did they feel last year when wee Whytey was publicly spouting his “Shytey” about agreements with HMRC and his claims that he had paid tax etc.
For some reason I have Harry Lauder singing “Keep right on till the end of the road” running through my head… in a joyous kind of way.
1st chance Ive had to log on today.
Where were you all when JFK was shot, the twin towers went down and the huns liquidation was confirmed!?!
Going by Pauls article, HMRC are only warming up.
To coin a phrase from one Neil Francis Lennon
“This isnt the end its only the beginning”
HAHA HAHA
Karma is real people you better believe it!
Can I also congratulate and thank Paul67 for all his work into this matter, for keeping us informed and buoyed throughout the Scottish media’s blanket ban on reporting on the issue and all the loopholes they then subsequently tried to find and then report on as factual reasons why they would survive.
He has spent I dont know how many hours of his own time researching and cross referencing various amounts of data from various contacts and sources and for that I thank you.
There are many people I can think of right now who id love to toast to this evening, people who would have celebrated this day perhaps more than myself – I think ill leave the alcohol until Thursday night, so that way ill be toasting during a roasting!!
67Heaven … I am Neil Lennon..!!..Truth and Justice will always prevail on 12 June, 2012 at 19:48
Have a brilliant night Mate, the war will continue for truth and justice but tonight we celebrate a famous victory..
A mighty Hail Hail..
Starry
If anything the Hun predicament has proved that the Kubler-Ross Model of Grief is not accurate- how do you explain the fact that the majority are still in denial?
Oooofff…!
SKELP !!! …………..or should that be MALKIED…
MalkyCohenCSC
Embdy know if wee Rino’s agent has made any statements today?
Gies a game.
Naw, yir a cheating bassa and you still owe me money fae the last time ye played.
Awrite, I will ask the wee boys if a kin get a game wae them…
scum scottish ref?
All I can say is
WHAAAAAHAAAAAAAAHAAAAAAAAAAAYADANCER
Oh and dont eat yer jelly and ice cream too quick that brain freeze is sore
McCormack
22
who ever he is – nearly gets caught up in a bit of trouble – 48 seconds in
http://www.bbc.co.uk/news/world-europe-18409776
Can I Have Raspberry On That-
Embdae seen the wee mechanic fae the Mark Daly programme?
•-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-•
This Bud’s for you… :-)
gordybhoy64 – many happy returns on a historic day.
Did yer wrist playing 5’s eh? A likely story…..! ;-)
HH
TTTT
Good evening friends on what is an absolutely glorious evening.
I think it was pretty decent of HMRC to give us a couple of days notice of their impending liquidation so that our parties can be arranged. The next 48 hours are going to be crucial….he he
Decent fast flowing game on the telly at the mo…
We know Advocaat was toupeed.
But did he have an EBT?
Headtheball on 12 June, 2012 at 19:39 said:
I’m afraid I don’t hold with all this losing their history business. They will cling onto that just like I would even if I changed my name and went to live in another town or country. I’d still be me, still the same memories, the same achievements etc. I’m sure Celtic fans would do the same thing if disaster ever struck us.
What I’d like to see is some of their titles and cup wins being officially wiped from their record. These could not possibly be claimed.
But if you died, and i take your name do i have your memories,achievements ect.