thenolly

East Dunbartonshire council is skint and with a decent offer, Xamount of houses with Xamount of social housing flung in they would accept they have been building on various parks etc classed as sports or green belt for last few years whenever this option is waived at them with a cash sweetener. As for Ibrox with BBC etc now across that side of the river property and land prices are up considerably as is demand. GCC like all others have to balance the books and cash is king

And the players registration etc, by moving it to a hive you are stopping the creditors getting paid, plus by the time duff & phelps take there 4 or 5 million as is getting banded about all they assets are only worth 6 or 7 million, where liquidation would get a great deal more. Remember they have another tax bill due in 2 weeks or so plus the players get their deferred wages at the end of the month and if they don't get paid they can leave dropping the asset value considerably come June

You would need someone to come in with approx £80million straight away plus a way to generate substansial income over the next few years eother through cash inputs or cut backs or both if the big tax case comes through to pay a substantial amount to HMRC with a guarantee to pay it off at a pre determined time scale (including interest if HMRC see fit) The revenue can be dealt with but won't allow you to pay over say 20 years and continue trading

Finally some one gets it. The Revenue will not allow this to go through as it must collect the money owed to the crown

It's no where near as simple as how various blogs and reporters are making out, possible yes in this case no.

Let's put this in simple terms I Borrow £500k and buy a house worth that value, and only pay the interest on the loan. Against my assets I borrow another £500k chasing the dream but squander it on sex,drugs&rock n roll I only now earn £30k a year before tax (self employed so house doubles as my office) Realising I'm broke and going to lose it all I Go for bankruptcy, during this procedure after declaring all my assets and debt I decide to transfer all my assets to my wife for a quid and say I'll pay my creditors (the bank) back at £30 a week as I no longer have any assets. Next stage up in front of judge looking at a stretch for fraud. If the assets had been transferred prior as part of a debt restructuring of the company fair enough but not after they have been declared on the administration writ.

HMRC were paid in full by Leeds, I believe it was X% up front then the rest over Xyears and personally guaranteed by a member of the board. The Revenue man will always get his full amount or strip the business to get maximum value for tax payers

Only for re-structuring and not when in administration

No priority just their percentage of the money due compared to others, but when HMRC realise that the pot is emptying and their cut is diminishing they will wind the company up and stop it trading effectively freezing all assets and finances at that point. This will be coming soon as it is aparent that the club cannot trade its way legally out of its debt

For the final time this can not be done, setting up a 2nd company to stop your creditors getting there money IS ILLEGAL, or pheonixing as its know, this is yet more spin coming from Duff & Phelps to feed to the press to keep them on side and be seen to be working every avenue. Stalling tactics again

The revenue may also try to prove that the tax evasion was done intentionaly and in which case try to take the rest of the money back via the Proceeds of Crime act 2002, if they can prove beyond all probability that the act was deliberate and gain (either personal or to a company) was made from it. This would leave Whyte & Murray in some serious doo doo

Rangers as a company ARE insolvent, Duff & Phelps are trying to hide this to keep taking cash out. HMRC will do what they have always done to companys in this situation and serve a winding up notice so they have first dabs on all assets, and they will sell them for the most they can, and if that involves taking £5 or 6 million for Ibrox for land value and the same for Murray park they will, they will sell the players, the computers the club cars the club shredder machines. This is standard procedure for all at Portcullis house when the administrator cannot get the revenue the full value or good return with a proper payback plan agreed for the rest outstanding. This has happened to many companys in Scotland and wider UK in the last 36 months

Add to thatthe rumoured £3,000,000 in defferred wages to be paid & £1,000,000 in PAYE due Ratio of available pot to debt = £2,200,000/£140,000,000 x 100 = 1.6% or 1.6P in the Pound

How much Data did he really have, the Duff & Phelps "They'll accept 2p in the Pound" abridged version or the full "We're Screwed" Version? Duff & Phelps waived the exclusivity fee as it was without strings, he never asked for it to be he had offered to pay it previously at the time the Blue Knights realised they couldnt muster £500K Of course its about money but he had seen it as a longterm plan, cost cut and start to grow the business as a sustainable company turning over a yearly profit, but no that wouldnt have helped "Whats our budget for next year?" was one of his 1st questions he recieved..... FFS you canny pay the face painter and you's want a war chest. Wake up and smell the coffee, your clubs screwed and burying your head in the sand and blaming everyone bar yourselves is just turning more people of your club including ANY (Imaginary) future bidders

Just to add to that, during the "SaveTheJags" era, we were trying to get a signed ball or top from every senior club in Britain to auction to raise funds, even some top European clubs donated, only one club Declined Rangers who wanted to charge us for it, you reap what you sow

Was it a pay temporary pay cut till end of season, or a pay deferral of "X"amount percentage of the wage till the end of the season, I'm sure it was the latter as they believed a buyer would be in place by then

Captain thats only with the "Hate Fest" games brought in to throw the figures. If it wasnt for the "Souness-Revolution" and spending money they never had in subsequent years the stands would still be half empty for games against say Dundee Utd in the cup........ Oh wait a minute they still are.

Ha your having a laugh..... 4,000 at Ibrox to see you's play the Jags in early 80's, pre souness pal you's were a meadiocre outfit apart from playing your old advercery

This is where they have to then do their sums correct if this happens say 400 fans lost times 19 league games = 7600 tickets lost + catering, programmes, lottery, merchandise against 4000 rangers times 2 or 3 games = 8000 or 12000 tickets gained (presuming your team is not on the Rangers boycott list) Plus the 400 your team lose will probably be lost for good, If the OF get their long term plan and get to go to England/Atlantic/Legoland league you'll have lost that figure on the long run. That figure of 400 may actually be low for some clubs, they are looking at shortterm gain instead of trying to grow their own fanbase and own product they are relying on the old firm to top up their coffers

But it makes specific reference to SPL, what happened when Raith won the cup, or say any other 1st divison club were to win the cup and get a Uefa space, I'll dig a bit deeper as i know i have seen it some where

My link read from article 3.3.1

From the Scottish Football Association rules on Club Licensing (specifically Part 3, Section 03 – The Club as Licence Applicant and the UEFA Licence). Emphasis ours. "3.1.1 The Licence Applicant may only be a football club, that is the legal entity fully responsible for the football team participating in national and international competitions and which is the legal entity member of the Scottish Football Association (Full or Associate Member). The licence applicant is responsible for the fulfillment of the club licensing criteria. This membership must have been in place at the start of the licence season for a minimum period of three consecutive years . [...] 3.3.1 UEFA Licence Awards for Scottish Premier League Clubs (SPL) A Licence cannot be transferred from one legal entity to another . " NB: "UEFA Licence" does not denote a licence to compete in UEFA competitions, which are governed by an entirely different set of criteria. As the SFA website explains: "National Club Licensing applies to Scottish FA member clubs and UEFA Club Licensing applies to Scottish Premier League clubs." In other words, to play in the SPL you must have a UEFA Club Licence, regardless of whether you actually compete in UEFA competitions or not. (SFL clubs, who in normal circumstances wouldn't be expected to qualify for European tournaments, are dealt with separately via an "extraordinary procedure" in the event that they do.)

Give me half an hour and i'll give you the links

The players (apparently) had a contract for normal wages, which the SFA and the tax man saw and tax was paid on, but they also had a 2nd contact for the lions share of their wages being paid into an EBT tax free, players were given a take home value for their wages. No player would have taken the lump sum offered in an EBT without some written gaurantee (A contract) to ensure they did get paid, this is the second contract that they are looking into

It does, SPL rules state that ALL member clubs must be in possesion of a Uefa licence, Uefa rules state that Newco's cannot get a Uefa licence for 3 years, so going with the rules Newco's can't get a Uefa licence so can't take their place in the SPL