Contrary to our earlier understanding, Rangers did not win a ruling from the Court of Session on who was to be appointed administrator, HMRC and Rangers came to agreement on the appointment of Duff and Phelps, who acted for Whyte during his takeover of the club.
The admission by Duff and Phelps that today’s court action by HM Revenue and Customs was in connection to circa £9m unpaid tax accrued since the takeover in May last year will come as a surprise no one in the Celtic Quick News community. This is why Rangers are now in administration, it’s nothing to do with the big tax case, or indeed, the wee tax case.
Key question is, what will HMRC do now? They’re not going away/. Rangers continued to sign football players despite being delinquent with taxes, and briefed journalists that they rejected a £9m offer for a player on 31 August 2011.
The fact that the business is in administration due to activity carried out under Craig Whyte’s tenure may also interest the Insolvency Service, who are already investigating Whyte’s takeover of the club following information passed by former chairman, Alastair Johnston.
One final push (this week) for the Vanessa Riddle Appeal. We have a Celtic top signed by the first team squad available to auction on eBay. You can bid on the auction and help send Vanessa for the treatment she needs by clicking here. Thanks to Penfold for the donation and to Taggsybhoy for organising (yet again).
If you would like to read CQN Magazine online (for free), click here. You can download a pdf of the magazine using the button at the top of the page, second from the right. Click on the link below to order a hard copy of the magazine.
You can support the online edition by making a discretionary donation here.
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Every sinew and fibre of their existence is a disgrace, an anathema to decency and humanity. They were an constant embarrassment and an occasional disgrace even to the Scottish institutions that are guilty of 140 years of depraved indifference. 140 years of cheating. 140 years of cheating on and off the park.
However, in the last 25 years they extrapolated their arrogant ignorant cheating outside of Scotland all the way to Her Majesty’s Government. Their beloved icon. They however were having none of it.
As the pissed away 2 generations of young Scottish footballers by bringing in expensive foreigners to defeat Celtic at all costs it has come back to bite them in their proverbial butts. Hopefully out of existence. As they pished all over Celtic with a false nine in a row, as the pished all over Scotland, as they pished all over Tommy Burns as they pished all over Fergus McCann and as they pished all over Manchester its time to get the dicks out and pish all over them. Good riddamce! newco! never!
http://www.youtube.com/watch?v=7s3BMPxZQcs
aaaaaaaaaaaaaaaaaaaahhhhhhhhhhhhhhh…..how does it feel to be loved?
Night folks
what the hell will tomorrow bring????
Hail Hail The Celts are Here!!
SB
Art of War says:
15 February, 2012 at 01:22
I had an American tourist in the car – I was showing her Glasgow.
I had taken a wrong turning and wound up in Govan.
Jeezo, that’s the huns place, I mused.
Next minute I was rolling down the window and going to shout something
but then I actually felt a sadness because the “protest” was utter shite.
You can’t kill a man when he’s dead CSC.,
There ain’t no point.
Glad they gone.
pigalle
You reap what you sow.
http://www.youtube.com/watch?v=CzHLTy33qWM
pigalle says:
15 February, 2012 at 01:40
..and on that, good night my friend!
Tomorrow/today shall be interesting again methinks.
HH
Ps. What were u hoping to show your American tourist? Poverty??
Graham on US radio station commenting on current situation at Ibroke
skip to 62mins
http://www.blogtalkradio.com/vuvuzela/2012/02/14/vuvuzela-the-world-soccer-show
1000quid just donated
check it out
http://www.justgiving.com/vanessa-appeal
Here’s one for wee Craig.
http://www.youtube.com/watch?v=dbw0KMkr_As
La La Loving this.
Now this angers me. Instead of a call to pursue Rangers for CHEATING Her Majesty’s Government of taxes, these influential people are calling for them to be treated gently.
What next, insistence that violent prisoners be given ice cream and jelly at hourly intervals?
From the SDcotsman’s front page:
Margaret Curran, MP for Glasgow East, is so concerned about the situation that she has written to David Gauke, Exchequer Secretary to the Treasury, asking him to ensure HMRC acts in a “reasonable” way.
“The on-going discussions between HMRC and Rangers are key to reaching a sustainable outcome for the club,” the shadow Scottish secretary wrote.
“It is of course right that HMRC does its job and collects tax that is due. I would, however, ask that you, as the minister responsible, ensure that this is done in a reasonable way, focused on the best outcome for the club and taxpayer.”
The Scottish Government has also expressed concern.
Shona Robison, minister for Commonwealth Games and sport, said: “Football is our national game and it is now for the administrators to take forward the process of assessing the business and securing an outcome in the best interests of the club, its staff, supporters and the game of football as a whole in Scotland.”
I am absolutely astounded of forehead.
‘GG
I must admit the quote of today from a hun in crutches “The Big House Must Stay Opened”…..Classic, I have never been this entertained in my life, well the 6-2 was pretty good as well…What will wackie wednesday bring…
Hail Hail
Finn
What a last couple of days this has been!! The eloquent posts, the funny comments, the banter from us rejoicing!! The statement supposedly from Celtic tomorrow could only complete the party if we announce we are resigning from the cesspit of scottish football leaving them all to their demise as they have all contributed and joining something on a level playing field finally!!!
There is a growing consensus out there that Rangers are going down the Leeds United route towards a phoenix club. Having had Celtic reject the notion we “need” Rangers, having lost, utterly, the moral argument (which they never wanted to have), having failed to successfully argue that Parma went down this road (they did not), the new tactic is to mention Leeds.
This is a scam. This is part of the… same scam, which is to pretend what Rangers are attempting to do has precedent. Let me be blunt. It has none. What Rangers would be doing has NO prescedent in the modern game, anywhere.
Leeds United Football Club, contrary to what you have read, was NEVER liquidated. I have researched this, and satisfied myself as to the full facts. Leeds United, as a football club, has an unbroken line … the club itself never died. The ownership of the club was transfered, and this was done via a pre-pack after a CVA which was FORCED on the creditors by the THREAT of liquidation.
Read again what I have just said. Leeds United Football Club was NEVER liquidated, at any time. IT DID NOT HAPPEN.
This is the latest line of reasoning by a media running out of ideas. It is a lie, pure and simple, being spun by PR hacks briefing all and sundry to implant the idea that what Rangers are attempting has been done before in the UK.
IT HAS NEVER BEEN DONE. NOT ANYWHERE.
Do not allow this lie to go unchallenged. Do not let them get away with it.
Research the facts. Spread the word.
GG @ 01:53 This kind of nonsense has to be reported, they cannot be allowed to spew this bile.
Off to email their orifices, sorry offices.
Art of War says:
15 February, 2012 at 01:48
Ps. What were u hoping to show your American tourist? Poverty??
Shamelessly I had already taken her over to see the, er…. 2014 Commonwealth Games Arena…:0)
And she now knows who the good guys and the bad guys are LOL
The Ibrox detour was a total mistake but V. funny for me.
Their fans are totally clueless.
I look forward to the many NewCos.
And the battle for the so called “soul of rANGERs”
Hail Hail, my friend.
pigalle
JamesForest you have a very good point, keep reposting this on every new thread until everyone on here says they have read and understand,,,The Scottish media is like the US military were they tell you they have never invaded another country or take out a foreign leader…
Hail Hail
Finn
SLIGHT CHANGE OF TOPIC HERE BHOYS & GHIRLS…seems Lenny’s instincts were 100% correct.
Read on…
Former Sweden and Arsenal midfielder Freddie Ljungberg has left Shimizu S-Pulse by mutual consent after just six months at the J League side.
Ljungberg, 34, made the move to the Far East in September but admitted today that S-Pulse was ‘not the right project’ for him.
‘I loved my time in Japan, and I am grateful to have had the chance to live in Japan and embrace the Japanese culture,’ Ljungberg said.
‘However, after a long thought-out process and discussions with my family, I felt… this was not the right project for me.
‘Different ambitions combined with not having the opportunity to participate in the Champions League 2012 edition were my main reasons to explore other options.’
Ljungberg, who has also had spells with West Ham, Celtic, Seattle Sounders and Chicago Fire since leaving Arsenal in 2007, parts ways with S-Pulse after just eight league appearances.
‘There were some differences in vision causing the mutual termination between S-Pulse and Fredrik Ljungberg,’ the club said in a statement.
‘S-Pulse would like to compete in the 2012 season with players and staff who share common vision and goals.’
James Forrest – Yer some man amigo, and i love yer stuff; jcge!!!! Don’t forget to relax and enjoy this mate; they will devour themselves, turn on each other. They have no compassion or guilt, devoid of heart and soul and as such we cannot help or even understand them, except to shake our heads and sigh and think; thank feck i’m a Celtic fan. You deserve to enjoy this mate and by feck i’m enjoying it tae the max. To my maw and da in heaven, have a drink for me!!!!!!
They tried to crush us in every way but we stood tall and always will; their best shot was a blank, a damp squib a burst baw. Time heals all wounds they say, but for me, time eventualy recognises the truth, the good the compassionate and on St Valentine’s day, the lovers.
Glenfarclas 105 raised to you JF:)
Enjoy the momment hermano……eh any pollos hermano?????
slainte
tony
A brief, concise summary of this convoluted narrative for the benefit of lurking journos…
Sir David Murray = Edmund Blackadder
Craig Whyte = Baldrick, his serf.
Pat Nevin et al = Turnips
Ive posted this before but…its appropriate
http://www.youtube.com/watch?v=wanoXM90yHE
Can anyone tell me if theres automatic qual for
Champs league next season ?
thankyou in advance, Pierre’s lhad
James Forrest
Your posts tonight should be read by everyone tomorrow.
They are important.
Please re-post, even to the next thread, sir.
All the people gotta get to see them.
pigalle
philvisreturns says:
15 February, 2012 at 00:09
Excellent!
It was duty that killed the beast!
http://www.youtube.com/watch?v=bsO756lqfVM
son of VanShugsidonk says:
15 February, 2012 at 02:26
Celtic would get into the third qualifying round, then if victorious would need to go through a playoff round before getting into the group stage. Scotland’s coefficient places them in 15th spot presently; would need to be 12th or higher for the auto placement.
Hail Hail
One for the road.
http://www.youtube.com/watch?v=xgAYePzb9yQ
And goodnight.
http://www.youtube.com/watch?v=T6xfBcSEsko
FOREVERANDEVER!!!
BABASONICOS71 says:
15 February, 2012 at 02:44
LOL
Can’t resist,one more.
http://www.youtube.com/watch?v=xK8VzuF9zqE
One thing we must say about HMRC is their reproductivity.
Craig stuffed the Big Tax Case Envelope into the dark and dank “Not getting paid” file.
Then when the Wee Tax Bill arrived he mistakenly stuffed that one into the same drawer.
Lo and behold, when the drawer was opened the two bills had begat a third one for a cool 9 million.
Congratulations to the proud Hector and his partner.
‘GG
Thanks for info Ajaxbhoy HH
son of VanShugsidonk
if yer still there
re CL qualification…
we will have 2 qualifying rounds to go thro as follows…
1. the “third qualifying round”
2. the “play-offs”
absolutely SICK of the cheating hatred and sectarian racist bigotry / hunguffery present in hunland that is ever more tangible these days
double-dealing and vile masonic bile rampant
yeeuck !
anyone any solutions ?
oh, by the way
a note of joy
at approx 6pm today, as dusk fell, i saw a most-beautiful sight across the Glasgow skyline
yes indeed a lovely red sunset but in addition…
a smashin big green and white FIREWORK…
cabooooom !! sparkle, sparkle
to celebrate our hapy victory
more FIREWORKS please !
glad i remembered that
off to bed now, happier
night all
CHAMPIONEEEEEEEEES !!!!! Yes !
one final image
Fergus…
http://twitpic.com/8k05ri
Red sky at night,shepherd’s delight.
Minced lamb and potatoes,shepherd’s pie.
Hey huns,yer teas oot!
http://www.youtube.com/watch?v=TVvXHi4QyTo
;-)))))))
.
Analysis: Three years before European football if Rangers liquidated
Published: 15 February 2012
Rangers line up for a Champions League match against Bursaspor. Picture: SNS
By NEIL PATEY
THE law gives the secured creditor the power to appoint its own administrator, so it was no great surprise that the courts allowed the company to appoint Duff & Phelps, despite HMRC’s challenge.
I think HMRC could have had two motives for the action it took in the Court of Session yesterday.
Firstly, Craig Whyte had said he wanted to negotiate with HMRC. Clearly, it did do not want to negotiate with him. Rather, the Revenue wanted to proceed down the administration route and not waste any more time.
Secondly, looking at the submissions to court, it seems HMRC was concerned about whether Duff & Phelps could have been perceived as having a conflict of interest due to its existing relationship with Mr Whyte, and therefore not be seen as truly independent.
This would have been a difficult position for HMRC to persuade the court of, but I think it achieved its secondary objective – forcing Rangers to get on with the administration.
After the hearing, we saw Strathclyde Police raise concerns about future payments. Again, this was not a surprise and I think we will see a lot of this.
The administrators will have to decide who are the priority suppliers – the ones critical to getting the team on the park on match day, and pay those people as first priority.
They are also going to have to cut costs, including backroom staff, and maybe even within the squad itself, to ensure that weekly outlays are covered.
There is also a danger that Rangers could go into liquidation, depending on whether the administrator can reach an agreement with creditors. They need 75 per cent of creditors to agree in order to secure a company voluntary arrangement (CVA); if they can’t get that agreement, the only option left will be to start selling the club’s assets through a liquidation process – that’s the worst-case scenario.
One implication of that is that Rangers – as we know it – would lose its Scottish Premier League membership, because it is the company that belongs. However, many people will say you can’t have an SPL without Rangers, not least because of the Sky TV contract, which requires four Old Firm matches a season.
A likely scenario is that a new company would be formed and membership of the SPL would be transferred to this NewCo.
But that would have to be with the express permission of the SPL and the SFA, and they could impose penalties.
Another consequence arises: to get a Uefa licence to play in Europe, a club has to be a member of its domestic league for at least three seasons. So, if Rangers do go into liquidation, they would not be able to play in Europe for the following three seasons.
Based on the figures publicly available, it appears likely that the administrator will need HMRC’s approval to obtain the CVA, due to tax liabilities. Even where the ultimate decision of the Tier 1 tax tribunal is not yet known, the administrator and Mr Whyte will want the issue settled to avoid a scenario where the company comes back out of administration with the tax tribunal still hanging over it.
HMRC will take a robust stance in negotiations; due to requiring to be seen to get maximum tax collection on behalf of the taxpayer, and also due to a perception that football clubs have been persistent offenders.
• Neil Patey is a partner at Ernst & Young and a football finance expert.
Rangers run risk of three-year Euro exile if they lose tax case
Broken Rangers: Club signals intention to go into administration
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Rangers run into the ground as furious HRMC battles to claw back tax
Top Stories
Freddiebhoy says:
15 February, 2012 at 01:00
Paul67
To celebrate the coming Liquidation a wee simple Cliff Richard ditty
Green Brigade – Congratulations (Liquidation Alternative)
“Congratulations on Liquidation
When we tell everyone your times up RFC
Congratulations
and jubilations
We want the world to know we’re happy as can be.”
Thought this was a good shout.
Easy to remember and pithy. :-)
Hope my reproduction does not infringe Freddie`s copyright.
An attitude change needed before Rangers faces future
WEDNESDAY 15 FEBRUARY 2012 Alan Taylor The Herald
A SHIVER of schadenfreude swept across the country as news of the plight of Rangers Football Club surfaced.
At our local newsagent’s I bumped into an old friend with whom I used to play the beautiful game in the days when balls were made of leather, like Gladstone bags.
My friend, a much-scarred Hibs supporter, could barely contain his joy. Rangers, he reckoned, had for too long used money they didn’t have to poach the best players from teams such as his own in order to prevent them winning trophies. That the Ibrox side could soon disappear like Woolworths or the News of the World troubled him not a jot. In his Pavlovian opinion, it was no more than they deserved.
I can see where my friend and countless others are coming from. One of the many crosses clubs outwith the Old Firm must learn to bear is the knowledge that if ever they discover a Thierry Henry or a Carlos Tevez – which I concede is unlikely – the chances are they will soon be heading towards Glasgow. For my sins I am a Hearts sympathiser, which has not always been an easy burden to carry through life. Time and again, when we threatened if not to best the Old Firm then at least to split them up, our most talented players were wooed away with golden carrots. And there was nothing we could do about it but take it on the chin.
Of course, when I was a boy football was a much simpler and poorer game. Players’ pay was not much more than that of a skilled worker. There was little in the manner of pampering – beyond a rub down with Deep Heat – and even in the era of George Best star players often stayed in digs where landladies made rules that you broke at your peril.
The contrast with today could hardly be more stark. Not only do players and managers and everyone associated with top clubs make a fortune, so too do those who feed off them. For example, for every appearance he makes on Match of the Day, Alan Hansen is believed to receive £40,000, which is not bad for a few platitudes.
Such mind-boggling sums are commonplace in modern football. However, they do not produce the same ire as that directed at bankers and fund managers. If you listen to the pundits, their logic is that if someone thinks a player is worth £200,000 a week then why should he accept less? It’s a sellers’ market, or so we’re constantly told. When teams need a player they are prepared to pay whatever it takes to get him, irrespective of the damage it may do to their financial health. If you want to win a league or avoid relegation you’ve got to be prepared to spend and spend big. Not for nothing is it said that the quickest way for a billionaire to become a millionaire is for him to acquire a football club.
Nor are the fans innocent bystanders, the hapless victims of crooks, con men and fantasists. Whenever their team is underperforming their solution invariably involves the excavation of a cash mountain. Either pressure is exerted to sack managers or they demand the injection of fresh blood into a squad that couldn’t score on a street corner in Baltimore. Oblivious to the long-term implications of this they excoriate owners who are disinclined to dip deeply into their pockets. What every club needs, it would appear, is an insanely rich sugar daddy who is willing to indulge the fans’ whims.
Ultimately, though, that will never be enough. Come days like those seen this week at Ibrox, the need to identify a villain always prevails, which more often than not is the owner. As one fan told this newspaper, “This has been on the cards for a while now but we’ve never been fully kept in the loop by the club …”
Whether he would have paid any heed if he had been kept informed is a moot point. Certainly when journalists did raise concern at what was happening at Rangers they were often bullied by the owners and subjected to volleys of abuse by fans who accused them of bias. In that respect, following a football club is like religious adherence. For true believers there can be no doubt, no questioning, no irreverence. You are either on side or not, with us or agin us. It is the classic stuff of rivalry which those who champion the Old Firm say is so necessary to the wellbeing of the Scottish game. Take Rangers out of the equation, and what’s the point of Celtic winning the league? Surely the two need each other like Ali needed Frazier.
Perhaps. Then again, in my more jaundiced moments, I find it hard to see what all the fuss is about. As things presently stand, whether Rangers beat Celtic or vice versa is only of significance to the two sets of supporters. Thereafter neither team poses much of a threat to the likes of Barcelona, Bayern Munich and Manchester United. Long gone are the occasions, enshrined in silverware, when teams of such ilk would regard a visit north of the Border with foreboding. What’s left are franchises which abuse nostalgia and loyalty to milk dry those who can least afford it. That’s the reality of the Old Firm rivalry which, as The Herald’s legendary sports reporter, Ian Paul, once observed, gives Glasgow “a parallel image to that of the city itself”.
As someone who is not from Glasgow but who doesn’t get a nosebleed whenever I enter its precincts, I think that is a pity. One might have thought that with the decline of Celtic and Rangers as teams able to instil fear, the importance of football would be put in perspective, and that there would be a recognition that there is more to this great city than 22 boy-men chasing a ball.
I fear that I may be living in cloud-cuckoo-land. Since the city’s deindustrialistation, Glasgow is no longer obsessed with what it makes but what it plays. It is a city desperately seeking amusement in a game steeped in enmity. But it needn’t be like that. If Rangers survive, as I trust they will, it is to be hoped that they will redefine themselves as a club which takes its responsibilities, both fiscal and societal, seriously.
As it is, on the days of Old Firm matches, those of us who are not involved have little option but to take the advice of Les Gray, chairman of the Scottish Police Federation, and stay at home.
Morning CQN,
Have I missed anything? ;-0
O.K. so they are skint, RBS former boss stripped of his knighthood over the bank failure……. Surely this must happen to a certain individual as the root cause lies with his former management…
They are a failed institution with unbelievable debts surely he must be stripped off his knighthood?
Hail Hail
SPC