ray_of_licht
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Posts posted by ray_of_licht
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Girl in my daughters class is called Elle. Which is fair enough. Her younger sister is called Grazia. Her mum is currently pregnant so wondering which magazine will get used as a name if it's a boy.
I sometimes wonder if people pay attention to what they're calling their kids. Two girls who I was at school with in the dim & distant past were sisters with the surname Hoare. First names - Audrey & Emma.
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Really enjoyed PE, first time I've seen them live though. Quite impressed by the support Hector Bezerk too!
there's some decent Scottish acts out there - Hector Bizerk, Loki, Stanley Odd
haven't really taken to Young Fathers but pleased to see they're having some success
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He's also one half of The Unwinding HoursSeemingly one of the guys in Chvrches used to be in Aereogramme? Loved Aereogramme
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A statement on behalf of McColl's group, released through Press Association Sport, reads:
"On behalf of the requisitionists we have made it clear to the Rangers board that we are proposing the additions to the board now to enable it to operate more effectively as a balanced unit in the run-up to the AGM in October.
However we have also made it clear that, in accordance with the club's articles of association, all directors, both existing and new, have to offer themselves up for re-election at a vote at the AGM.We believe that this is fair and gives all shareholders the opportunity of voting for who they want on the board. We agreed this position with the board on Tuesday and were therefore surprised to see the statement issued by the club on Wednesday night which seemed to suggest that any agreement was conditional on a 'vote of confidence' in the current board members now and on a continuing basis.
We wish to make it clear that this is contrary to our understanding of the agreement we had with the board.
Whilst we believe that the proposed changes will make the board more effective and balanced, it is for the shareholders to vote on the re-election of all directors at the AGM."
At this point they're just pissing around playing games, right? There's no real desire to do what's best for the club or its fans just a mad scramble to get in/stay in the boardroom
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Fernando Alonso to buy Euskaltel?
For €6m is the figure being quoted.
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Luxury flat in Govan, must be worth at least a tener.
Luxury flats in Govan proper regularly go for upwards of £75 sometimes even reaching a dizzying 3 figures (before the decimal point). The problem with Ibrox is that it's situated outside of salubrious central Govan in one of the grim satellite areas.
Posted from my luxury waterside penthouse flat in the Bohemian quarter of Sunny Govan.
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2. Arbroath - Hate them.
Awww
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Price freeze on season tickets? Nice gesture.
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It's automatic, you dimwit.
You can delete that bit before replying. But in our hectic lifestyles who has the time for that?
Sent from the moon using semaphore
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The only thing that occurs to me is the mysterious "heads of terms" document that did the rounds last year where the end sum of a lease and buy back of the stadium, training park and car park was £8.5m
I'll leave the debate around whether there actually was such a document to the learned scholars of this thread
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Some of us were posting about this last night and the view seemed to be that The IPO should have been held back, at least, until the summer - so I agree with you.
I'm sure I read somewhere that Green said it wasn't the ideal time but he promised the IPO would be this year and so had to forge ahead. I can't help but think most Rangers fans would have been happy for him to have "broken" that promise and left it until the new year.
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Do we actually know for certain that PFA Scotland are doing this? Or is it based purely on the stuff from the prospectus?
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It would have hinged on the smaller creditors. Ticketus and the Bond holders would have accounted for circa 69% of the debt. I think 75% was required to approve a CVA. I can't remember if there was another substantial debt apart from that.
Total owed (from D&P Final Report) = £54,696,214 + £7,736,000 (bond holders) = £62,432,214
so
Ticketus (£26,711,857) + bond holders (£7,736,000) = £34,447,857 or 55.17%
HMRC excluding BTC = £21,376,767 or 34.23%
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Come on, Dave, we're supposed to be playing nicely and on topic now and not mocking the afflicted. Trying, anyway....
lol +1 for effort
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I agree mon the lichties, Arbroath are my big team now, but why does the town have so many people with the surname of Swankie
Because Gav is a legend and people want to be like him....... give it a while and there'll be loads of Sheerins, Falkingham's and Doris'
Or is that Dori?
Aye... Anyway. Actual answer - genealogy isn't my strong point but I believe its for the same reason there's lots of Spinks and Cargills - prosperous fishing families that married and bred lots.
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I know I have a habit of responding in kind to some of the insults levelled at me - you want me to take that shite?
No. I'd rather it managed to stay vaguely on-topic (which, I acknowledge, is difficult with so many different aspects to the story) with a lack of personal insults and tit for tat playground spats so nobody would have to take any shite other than the usual robust piss-taking that goes on. But that doesn't happen in real life so why should I expect it to start in here? Hopeless idealist, that's my problem. And now I'm contributing to the problem of off-topic, vacuous crap. It's so easy to get sucked in.
And so, in conclusion - 'mon the Lichties.
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Wow. For a brief moment there we were having a wee discussion. And then it went away. *sigh*
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Aside from the usual pedantics of the club / company thing, do you agree with what he wrote?
The CVA would have been accepted, he is at least correct in this
HMRC were still owed enough that if they voted "No" and everyone else had voted "Yes" there couldn't have been the 75% for it to be agreed. Even without the fabled "BTC millions".
That said, if the result had come well before the CVA proposal went out then who's to say HMRC wouldn't have voted yes or abstained and it would have gone through.
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http://www.rangers.co.uk/news/headlines/item/2811-green-on-tax-verdict
Charles Green there, saying it was "the club" (not "the company" you'll notice) that went into admin. Who's he trying to curry favour with now?
And if he mis-spoke or the writer of the piece made an error you'd think it would have been sorted fairly quickly to put a stop to the sniggering at the back of the class.
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Also reading that HMRC should not have been the largest creditor and allowed to vote against the CVA. There needs to be a full investigation into HMRC and some others over this.
I agree that HMRC shouldn't have been the largest creditor and am surprised the D&P adjudicated that they were. But even without the possible extra debt from the BTC it looks like they had enough to block the CVA. From the Final Progress Report to Creditors we get this:
Add up the debt and we get £54,696,214.
Ticketus were "owed" £26,711,857.
HMRC were owed £21,376,767.
So Ticketus had 48% of the debt and HMRC had 39%
Even if the percentage of the debt is diluted by adding the debenture holders (£7,736,000) the numbers only change to 42% for Ticketus and 34% for HMRC still giving either of them an effective veto.
I also agree that there are certain aspects of this that need investigating.
Disclaimer: I'm not an accountant. Figures came from D&P's statements so if I made a mistake somewhere in the figuring I'd be happy to hear about it.
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So 36 players and staff were found to be illegally using ebts. Almost half of those investigated...
Cheating b*****ds...... Surely seals their title stripping fate and hardly the victory that sevco PR employee Traynor claimed.
So it's 59% of a victory?
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You can get your wish. I also have a wee pair of stabilisers from when my wee yin learned to use a bike that I will happily send you for free.
In which case I thank you for the kind offer* and hope you get your wish.
*you can hold on to them. I'll just use the set that our youngest has when he's done with them. If you have any handlebar streamers or spokeydokes though I'll take them.
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I am hoping for peace and harmony on the board.
I'm hoping for a bike from Santa. I think we're both going to be disappointed
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Just what we need - more di Stefano around the place
Rangers Football Club has won an appeal against a tax bill over its use of Employee Benefit Trusts.The club, which is now in ‘liquidation,’ used the scheme from 2001 to 2010 to make £47.65m in payments to players and staff in the form of tax-free loans.
HM Revenue and Customs (HMRC) had challenged the payments, arguing that they were illegal.
Rangers disputed the bill and a First Tier Tax Tribunal (FTT) has ruled the payments were loans that can be repaid.
The decision was welcomed by Murray International Holdings, who were majority shareholders of the old club until Craig Whyte's takeover in May 2011.
However, HMRC said it was considering an appeal.
Giovanni Di Stefano a shareholder in the company has stated that after this result, which “was nothing other than obvious and expected” will now be “a launching for an “action as a shareholder to revoke and reverse the Administration, the Liquidation order and the return of monies that have been at best misappropriated at worst stolen from RFC which amount to some £40 million.”
Di Stefano also stated that there is a current criminal investigation in New York, Monaco and Glasgow into the whole RFC matter and that “it has now been proved that the basis for Administration was fraudulent and obviously clearly a ploy by those in high office whom we will be naming to ruin RFC for political and economic motives.”
In its ruling - which was endorsed by two judges, with one dissenting - the FTT said the lengthy appeal had been heard over 29 days.
"At a late stage in its deliberations it became clear that the tribunal would be unable to issue a unanimous decision. It is conscious of and regrets the consequent delay," it said.
"The majority view reflects the argument that the controversial monies received by the employees were not paid to them as their absolute entitlement.
"The legal effect of the trust/loan structure is sufficient to preclude this. Thus the payments are loans, not earnings, and so are recoverable from the employee or his estate.
The dissenting opinion came from Dr Heidi Poon, who concluded that the money received by the employees through the trust constituted earnings for income tax purposes.
The tribunal agreed to a request to anonymise the published form of the decision.
Di Stefano stated that “the decision to edit the judgement was consistent with all I have been saying that the whole RFC matter is politically motivated using money as bait. I kicked up a big stink over all of this and for sure if I had not made so many things public the RFC case would have been dead and buried. The Culture and Media Commons Select Committee had scheduled a debate over the Rangers debacle and as soon as I wrote to them saying I wanted to be heard and to supply documents they cancelled the hearings. It’s time now for explanations.”
In a statement, Murray International Holdings said: "We are satisfied that the tax tribunal has now published its widely awaited decision and note the contents thereof.
"We are pleased with the judgement which leaves minimal tax liability and overwhelmingly supports the views collectively and consistently held by our advisers, legal counsel and MIH itself.
"This has been an exceptionally long, difficult and expensive process involving not just the tax tribunal but also significant efforts to resolve the matter with senior HMRC officials on a commercially sensible basis for all parties.
"We will therefore review the detailed content of the decision with our advisers and legal counsel to ascertain what action, if any, is now required by MIH."
The MIH spokesman said that while the company had "respected the privacy" of the tribunal proceedings, "a substantial quantity of confidential information" about the case had made its way into the public domain stimulating "often ill-informed debate".
The statement continued: "This has been wholly inappropriate and outwith the fundamental principles of natural justice.
"We therefore formally request that the relevant authorities investigate how these sensitive details have been released so widely.
"We have instructed our lawyers to retrospectively review online and printed publications relating to the case to identify whether legal redress is either appropriate or necessary."
A spokesman for HMRC said: "We are disappointed that we have lost this stage of the court process and we are considering an appeal.
"The decision was not unanimous and the diligence of HMRC investigators was acknowledged by the whole tribunal.
"HMRC is committed to tackling avoidance and it is right that we challenge the type of avoidance seen in this case."
Old Rangers was under the control of Sir David Murray when it began using EBTs.
He sold the club for £1 to Scottish businessman Craig Whyte in 2011, while the tax liability was in dispute.
The FTT, before three judges, concluded in January, one month before the old Rangers, now under the control of Mr Whyte, was forced into administration by HM Revenue and Customs (HMRC) over non-payment of tax totalling about £14m.
HMRC subsequently rejected proposals for a creditor’s agreement that would have allowed the old club to continue.
Administrators Duff and Phelps then negotiated a sale of assets to a consortium led by Charles Green for £5.5m.
He has since formed a new club, now playing in the Scottish Football League Third Division.
In the event the Court revoke the Administration and Liquidation Orders Di Stefano has stated that the best course would be for “RFC PLC and Sevco to merge. That resolves all.”
Phew.
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Stupid Names For Kids
in The General Nonsense Forum
Posted
Shite, maybe. But as these are weegie kids in Glasgow that would be suitable