Baxter Parp

Especially if it's true, yes.

Then why are they saying their deal is with Rangers?

How could he have made the deal? Edit: Ah, cheers HB.

Why not? At the time there was no question that he was able to represent Rangers and the deal was made in good faith.

Either Whyte was able to represent Rangers PLC or he wasn't. If he wasn't, Ticketus get their money back, the bank pays their money back. If he was, then the deals still stand. SImple.

Incidentally is there any evidence that the money was paid by "Craig Whyte" and not "Rangers PLC"?I can't understand why you think Rangers will be able to get away with defrauding Ticketus.

If a shady geezer like Whyte has exposed himself in any way I'll be very surprised.

I'd come after you and if I got no redress from you, I'd go after the third party. Essentially the bank has received the money under false pretences.

Not even Rangers.

My arse it does.

For £24m. If Whyte isn't a fit and proper person to be Rangers boss then he has no right to pay off their debts. Ticketus are not going to give away £24m for nothing.

If you think Ticketus are going to go: "Oh well, there goes £24m down the Swanee." you're barmy. They'll either sue the bank for their money back or if the deal is null and void the bank will have to give the money back as the funds were the proceeds of a fraudulent act. Rangers aren't going to get £24m for nothing.

Which means he wasn't in a position to pay off Rangers bank debt and the bank will be forced to give that money back to Ticketus.

It didn't start.

No, but we're in purgatory.

Better than paying them money you don't have every week.

Cultural cringe.

Not sure that's true. £14-£15m is achievable, the possible £50m judgement hasn't happened yet.

The money that they're after includes a pile of VAT which generally has a more robust attitude than the income tax regime, so you never know.

I'm a hundred percent certain that Dave Hartnett doesn't give a flying fark about Rangers, but he is mates with Vodaphone's Head of Tax.

Rangers current predicament is due to HMRC trying to retrieve £14m worth of VAT and Income Tax unpaid since Whyte took over - nothing to do with the players.

Unfortunately HMRC's leadership is utterly disgraceful. There's supposed to be a hardline against footballing shenanigans at the moment and I'm not sure how they can get away with accepting one CVA at Rangers and then rejecting another at (say) Portsmouth. If they accept this one they'll logically have to accept pretty much any one.

The current candidates cannot be considered new directors or independent in any way.

Entering administration in bad faith and with the sole purpose of avoiding the payment of taxes due is quite frowned upon by hmrc. It's pretty much the definition of phoenix fraud.

It isn't. Unless there's some kind of alternative that nobody's thought of yet.