Bobby_F
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Everything posted by Bobby_F
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Replace "Football Club" with "Builder" or "Car Showroom" or "Travel Agent" or.... Setting up a phoenix company and leaving a trail of debt should be made as tough to do as possible... and I find it bizarre that HMRC would issue a statement saying they welcomed ANY company leaving their debt behind and pointing the way to them setting up a phoenix operation.... "thereby ensuring that football will continue at Ibrox" - UNBELIEVABLE!!!
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Taken an age to trawl through all the posts since the news broke this morning (felt like a chore at some points to be honest) but I'm really surprised that very little has been made of this excerpt from HMRC in today's press release: "Liquidation will enable a sale of the football assets to be made to a new company, thereby ensuring that football will continue at Ibrox. It also means that the new company will be free from claims or litigation in a way which would not be achievable with a CVA. Rangers can make a fresh start." Government bodies should be trying to STOP companies from escaping their liabilities using legal loopholes, not bloody well sending them along the Yellow Brick Road with a pat on the back and a chirpy tune!!! :angry:
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Is it not all about 'balance of probabilities' again though? If everyone entitled to an EBT loan requested one, it was granted, and it was never repaid then surely that shows that in all probabilty these were pre-agreed payments? Obviously the fact they DO have evidence of side letters makes the case even stronger, but I think looking at the reality of how the scheme has been managed shows it was a channel for making under the radar payments. I remember a lawyer saying to me once (about a rogue landlord using a 'license' rather than a 'lease')... "It doesn't matter how often you call a four pronged eating instrument a spoon... it's still a fork." And in this case, everything points to Rangers scheme being used as a way of remunerating staff.
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I think they know that The Rangers are just playing with everyone and they'll at the last minute just produce a bunch of bank statements showing that these things were indeed loans. After all, if they were loans rather than payments, there should be a paper trail showing repayments… Shouldn't there ? Leaving the sarcasm aside, the whole EBT thing is actually very very simple. If these were loans rather than payments made to avoid tax then you would expect the vast majority of them to have been repaid, or be being repaid. Yes, I'm sure one or two loans would default, but even they would have had a pattern of some initial payments being made. So I think even if second contracts cannot be proved without a shadow of a doubt, the fact that, as I understand, not a penny of any of these loans has never been repaid, then the strong balance of probability (all the SFA and indeed HMRC need) points to the fact that Rangers were defrauding the taxman and breaking the SFA rule about double contracts.
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But surely if Rangers provide the SFA with the schedule of repayments that have occurred over the years from the 40+ recipients (easily backed up by bank statements) the SFA won't have a leg to stand on. Don't know why Rangers didn't just photocopy the bank statements right at the start of this then they wouldn't have a case to answer.
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Indeed it does. You could read it as FIFA saying that they thought the SFA were quite within their rights as a football organisation to apply whatever sanctions they saw fit to one of their member clubs - including, say, a 12 month transfer embargo. That would be consistent with FIFA's public position on non-football courts.
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Hmmm. I don't think anyone ever thought that FIFA were going to arrive in Glasgow with a bunch of heavies at this stage. What people were expecting was FIFA to tell the SFA what their responsibilities were, and that they were aware of the situation. I took from the statement that the FIFA had done precisely that. So I've no idea why you're getting your Union Flag Boxers in a twist over this as if there's been some kind of conclusion and FIFA have said they're not bothered what Rangers and the SFA do? Strange person.