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).
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Awe_Naw_No_Annoni_Oan_Anaw_Noo says:
David Bowie singing that ,is one of my all time favourites.
Zbyszek says:
14 February, 2012 at 19:56
You got it in one. In fact, I have Van’s “Back on the Top again” currently swimming around ma heid……thinking about our fourteen point gap.
Happy days, but Lenny still needs to “Keep our eyes on the Prize” (Springsteen with Pete Seger session band). We need to win this league by a minimum of 10 points.
huns fc- love the queen but wont pay her says:
14 February, 2012 at 19:59
I’m sure I saw on RTC that if a club Is unable to fulfill a fixture then not only does It get a 3-0 loss against them but also a 5 point penalty? Is this true?
***********************************
Work for me lets go with that.
ok
I have three appeals tomorrow morning..
all the prep has been done do you think my clients will be short changed if I turn up and let them down….
voguepunter says:
14 February, 2012 at 19:55
Met a mate of mine yesterday in Basel, told me he had lost 20,000 in an investment deal.
I looked at him for a second and said you didnae …
He quickly replied FFS I’m not that stupid!!
We both collapsed after that..
SP
Coneybhoy
Loyal and Glue.
Vogue
It was Pablophanque too.
I thought it was one of his poorer ones much to Pablos chagrin. ;-)
HH
Paul67,
What do you think HMRC will do next, go for the throat?
Ernie….
What’s the difference between “Trading whilst insolvent” and “wrongful trading”. I would have thought there would at least be an overlap?
Wonder what the Big Man would have been saying tonight?
via polishturnstile
glendalystonsils says:
14 February, 2012 at 20:01
Well said and should you also hear anyone at work on the same track then stop them dead. Remind them that their club, for over 100 years, would not even employ a catholic to clean their toilets.
bye bye to div 3 for that mob.
Cousin say’s his real intention for coming to Glasgow was to buy a poke van
Awe_Naw
Aye ,he had good taste.
Saint Stivs says:
14 February, 2012 at 20:03
anyone help me please
whos the huns playing in the champions league tonight ?
share
WHAT A 48 HOURS!!!!
That is all.
:)
They are clutching at straws.
Except the green ones mind.
Saint Stivs says:
14 February, 2012 at 20:07
Saint Stivs says:
14 February, 2012 at 20:03
anyone help me please
whos the huns playing in the champions league tonight ?
—————————————
Nobody for four years.
Mr Stimpson says:
14 February, 2012 at 19:45
Was that published in a newspaper?
prestonpans Bhoy
Would you have wanted to clean their toilets?
Me neither!
SAN………….RFC boss Ally McCoist has just issued a statement saying ”for every 5 bowls of jelly and ice cream Celtic eat, I’ll eat 10″
Snapshot of why they are in administration
http://youtu.be/1LKGObbDczU
Paul67
Once we get over the unadultered joy of what it is happening, it does bigger belief the shoddy business practices of MBB and previously SDM.
I suspect MBB actually just had a £1 and he has subsequently drained the cash pot, and with a limited number of home games and the possibility of the SPL advancing points money, there is little in the way of cash coming in.
I suspect that the lack of cash will find the club liquidated due to MBB incompetence and it will be a race to see if the FTT gets its verdict in first.
Div 3 love street
Crystalballcfc
So we have Big Tax Bill, wee tax bill and now… medium tax bill?
Paul67 – will you slow down – I can’t keep up with the news today
The minute I try and understand one issue – you hit us with another
67ECW
Roses are red
Violets are blue
Any huns reading
GIRFUY
I was never good at English or poetry in school…
Stand clear of the closing doors please … and mind the gap (29a nd counting)
Been reading some of the Bhoys comments re the tax expert on Clyde saying newco was impossible due to the tax case,do you mean that they can’t liquidate and reform like a cheap punna chopped pork until at least after the tax result?
Im only asking because its puzzled me what is meant by newco being impossible when everybody has been saying its a certainty should they need to liquidate.
Confused.
Today’s the Day to Celebrate!
The Foe have met their Fate!
The Order for Rejoicing and Dancing!
Has come from our Warlord – Paul 67!
Supper’s Ready followed by Jelly and Ice Cream
Paul67,
I am getting a wee bit worried that somehow Whyte will use Administration to get away with his and Murray’s shenanigans which has cheated us and the rest of Scottish Football for the past decade and more. Am I right to be worried or have things now reached such a pass that even dragging out the likes of Butcher to say that Scottish Football needs them to survive is an utter waste of time in the bigger scheme of things. How I hope their days are numbered.
Official rangers site is comedy gold!
You would think today was some sort of Triumph, cant wait for them to die.
HH
Haven’t posted in a long time but still keeping up with the blog daily. All I can say is wow wow wow! Kudos to the whole lot of yeez keeping us Tims abreast of the financial situtation of the Bosch. As much as I wished it were all true I never for a minute thought the “perfect storm” would ever happen. Listened to the end of the BFDJ phone in tonight, I was literally chortling and I normally don’t do gloating. To all you hurting huns out there, it’s YOUR fault your club is dead, nobody else’s. Don’t ever say we didn’t warn you.
Marvellous.
Award for Post Of The Day from our pals at Follow Follow goes to this guy:
“this jelly and Ice Cream crap, could this be true
filth in ma work saying this was the code words the IRA used to give bomb warnings?”
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
Going to go and get a bin bag to sit on – keep letting a wee bit of wee out reading this stuff.
:0)
SwanseaBhoy
Daniel Cousin has not put pen to paper says his agent, and the SPL say he has not been registered.
Accountant tweeting the release of all players who’s contracts are up in the summer will be gone tomorrow.
Aluko, (Would we want him?) Heally (Ha Ha) Papac, Kercar, Little
Paul67
I want to make an official complaint about the number of jokes on here tonight. It’s upsetting Mrs Prestonpans because I’m continuously laughing and she’s just not use to it.
TimsinOhio
Aye. That should be a really enjoyable fantastical beer now.
I’m sure youll be able to sneak a Voguepunter prescription cuter onto the train. Otherwise known as a Peroni.
See you tomorrow night buddy.
MWD
Kleenex tissues share’s have risen 90 percent in Scotland the last 7 hour’s. The chairman asked how come we are selling so many tissues today, the rep replied it’s all the tears of joy from the Celtic fan…….
Hail Hail..
There’s not one hun player that would get into our current team….