Devlin Posted November 21, 2012 Share Posted November 21, 2012 Harping on about what Rangers owe... Right now every club in the SPL will have similar debts, debts that would have been paid if we hadn't have gone into admin. If celtc went into admin right now then they would have a similar long list of people who had yet to be paid. 0 Quote Link to comment Share on other sites More sharing options...
MK Col Posted November 21, 2012 Share Posted November 21, 2012 (edited) Serious question. If "Rangers died for nothing" and an early decision could have saved them.... Why did the club withhold and conceal documents that might have made this whole process complete a long time ago? Seems to my uninitiated eyes that they thought they were bang to rights and were trying to cover it up. It will be interesting to see what happens when the tax man asks for the tax on the loans (not the repayments). For the rest of us, does this whole "loan that doesn't ever need to be paid back" give a whole new way to transfer money around without having to pay things like Capital Gains Tax or Inheritance Tax? Just give it as a loan and save yourself a bundle! Edited November 21, 2012 by MK Col 0 Quote Link to comment Share on other sites More sharing options...
Happy Buddie Posted November 21, 2012 Share Posted November 21, 2012 I'm not going to argue his case, don't worry. But how is it good news, Bennett? "They didn't owe as much as they thought, but they're still dead." A posthumous pardon doesn't really help the corpse. Unless you mean "us", as in "the new club", in which case the result is irrelevant, surely. Or at most, one less debt that may come back and haunt them if they get done for "phoenixing" (not a real word, but meh.) It seems to me to be reasonable news for HMRC, in that they have people to pursue for tax, rather than a liquidated club. And possible bad news for the old rangers, as it looks to me that the evidence over side-letters was accepted and seen as contrary to the governing bodies' rules. One thing's for sure - M'learned friends are going to be buying yachts and ferraris out of this clusterfuck for years to come. Maybe that was the point, that by deciding they were loans, they are still "assets" for the liquidator's to use, so those who received them will have to pay up in the short term to allow winding up of Oldco, whereas if Oldco had been deemed liable, there's bugger all in their kitty to pay to HMRC. Perhaps a hollow victory, which will se ex RFC employees reduced to penury and begging outside ibrox for small change, (echoes of CG's share offer?) or selling medals (cheatingly won?) to pay the mortgage as the brown envelope demands from the liquidators drop through the doors. Oh, the irony. 0 Quote Link to comment Share on other sites More sharing options...
Bendarroch Posted November 21, 2012 Share Posted November 21, 2012 Listening to the men who orchestrated this collossal disaster crowing about their awesome victory and baying for retribution - on HMRC, on the SPL, on the tax case blogger - is just hysterical. Not nearly as hysterical as it will be when the corrupt liars you plastics placed so much faith in are brought to heel. I hope it ruins them. Not that there's much left to ruin for the disgraced bungler and his merry men. And you can expect real hysteria when we win the top championship in Scotland again - and we will. Who knows what it will be called when we get back to winning it, but I sincerely hope that some of the cunty clubs who put the boot in aren't around to witness it when we do. Now that will be hysterical. 0 Quote Link to comment Share on other sites More sharing options...
T_S_A_R Posted November 21, 2012 Share Posted November 21, 2012 Maybe that was the point, that by deciding they were loans, they are still "assets" for the liquidator's to use, so those who received them will have to pay up in the short term to allow winding up of Oldco, whereas if Oldco had been deemed liable, there's bugger all in their kitty to pay to HMRC. Perhaps a hollow victory, which will se ex RFC employees reduced to penury and begging outside ibrox for small change, (echoes of CG's share offer?) or selling medals (cheatingly won?) to pay the mortgage as the brown envelope demands from the liquidators drop through the doors. Oh, the irony. the loans weren't due to rangers oldco they are due to offshore trusts based in guernsey that the liquidator can't touch. so no irony and 100% wrong. 0 Quote Link to comment Share on other sites More sharing options...
Lanarkshire Lad Posted November 21, 2012 Share Posted November 21, 2012 the loans weren't due to rangers oldco they are due to offshore trusts based in guernsey that the liquidator can't touch. so no irony and 100% wrong. Who provided the money to this offshore trust? 0 Quote Link to comment Share on other sites More sharing options...
flyingrodent Posted November 21, 2012 Share Posted November 21, 2012 Not nearly as hysterical as it will be when the corrupt liars you plastics placed so much faith in are brought to heel. I hope it ruins them. Not that there's much left to ruin for the disgraced bungler and his merry men. And you can expect real hysteria when we win the top championship in Scotland again - and we will. Who knows what it will be called when we get back to winning it, but I sincerely hope that some of the cunty clubs who put the boot in aren't around to witness it when we do. Now that will be hysterical. Well, it's my thirty-fifth birthday on Monday. Can you give me an idea of the timeframe here, so I know when to look out for this astonishing feat? I'd predict - within five years, if you start cheating again; maybe within twenty, if you don't. 0 Quote Link to comment Share on other sites More sharing options...
T_S_A_R Posted November 21, 2012 Share Posted November 21, 2012 Who provided the money to this offshore trust? doesn't matter. the money wasn't due to oldco rangers and is therefore irrelevant to the liquidators. 0 Quote Link to comment Share on other sites More sharing options...
)typically Posted November 21, 2012 Share Posted November 21, 2012 And yet only the Rangers fans who sat back and did nothing to stop from the club from dying would try to claim this as some sort of moral victory Ah that tired old line. Of course Celtic fans saved Celtic in the bad days with their candlelight vigils, nothing to do with Fergus McCann and his millions. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 21, 2012 Share Posted November 21, 2012 Statement from MIH: Let me help you with that: Rangers Tax Case Blog Just think of all the people, journalists, football clubs, bloggers, website owners etc who have branded us cheats. A lot more work for the lawyers lies ahead RTC guy seems to be panicking a bit too As for those at HMRC who have been leaking information ....... i wonder what lies ahead for them Now where's that popcorn gif when you need it. 0 Quote Link to comment Share on other sites More sharing options...
SS-18 ICBM Posted November 21, 2012 Share Posted November 21, 2012 Harping on about what Rangers owe... Right now every club in the SPL will have similar debts, debts that would have been paid if we hadn't have gone into admin. If celtc went into admin right now then they would have a similar long list of people who had yet to be paid. Similar debts to the £55million that Rangers FC (R.I.P) owed its creditors?!, You are seriously delusional. In reference to debts, there are massive differences between Celtic FC and Rangers FC (R.I.P.). Celtic have always payed their debts in full and are financially sound today with no debts, Celtic are rolling in money from the usual sources with major sponsorship plus the bonus of their guaranteed £20million+ from Champions League football this season. The future is bright green for Celtic. I don't know the financial condition of other clubs but i'm fairly sure that you are off your Fkn trolly. Rangers (I.A.) had the opportunity to offer a better deal to their Creditors but instead chose to offer them just a miserly few pennies for each pound that they owed of the £55million confirmed total that was owed. -1 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted November 21, 2012 Share Posted November 21, 2012 So why is Gio Di Stefano wants to emerge the old RFC 2012 PLC into the newco as one identity if this plan goes ahead then it will be fucking hilarious. 0 Quote Link to comment Share on other sites More sharing options...
flyingrodent Posted November 21, 2012 Share Posted November 21, 2012 Just think of all the people, journalists, football clubs, bloggers, website owners etc who have branded us cheats. A lot more work for the lawyers lies ahead On a No-Win, No-Fee basis, I imagine... 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 21, 2012 Share Posted November 21, 2012 So why is Gio Di Stefano wants to emerge the old RFC 2012 PLC into the newco as one identity if this plan goes ahead then it will be fucking hilarious. Didn't you promise everyone on here that Hector would slaughter us and bury us once and for all once the BTC was decided? Feel free to red dot me but i'd rather have a reply as so many P&Bers had faith in you and you LET THEM DOWN. 0 Quote Link to comment Share on other sites More sharing options...
Lanarkshire Lad Posted November 21, 2012 Share Posted November 21, 2012 doesn't matter. the money wasn't due to oldco rangers and is therefore irrelevant to the liquidators. If it doesn't matter then tell us where the money came from If it came from Rangers PLC and put into the trust then the money belongs to Rangers PLC and should be part of the creditors pot 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 21, 2012 Share Posted November 21, 2012 If it doesn't matter then tell us where the money came from If it came from Rangers PLC and put into the trust then the money belongs to Rangers PLC and should be part of the creditors pot And if my granny had wheels she'd be a wagon. It's been explained numerous times, the loans will not be paid back to the oldco or liquidators. 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted November 21, 2012 Share Posted November 21, 2012 Didn't you promise everyone on here that Hector would slaughter us and bury us once and for all once the BTC was decided? Feel free to red dot me but i'd rather have a reply as so many P&Bers had faith in you and you LET THEM DOWN. Still you are a new club Charlie boy bought the warchest and the assets of old Rangers. 0 Quote Link to comment Share on other sites More sharing options...
flyingrodent Posted November 21, 2012 Share Posted November 21, 2012 (edited) And if my granny had wheels she'd be a wagon. If Old Rangers gave your Granny £1.7m tax-free and told her she didn't have to pay a penny of it back if she didn't want to, she'd have a "loan", apparently. Edited November 21, 2012 by flyingrodent 0 Quote Link to comment Share on other sites More sharing options...
T_S_A_R Posted November 21, 2012 Share Posted November 21, 2012 If it came from Rangers PLC and put into the trust then the money belongs to Rangers PLC and should be part of the creditors pot that might be the fairest outcome but there's as much chance of it happening as there is of david cameron announcing at pmq's today that the government is taking a mulligan on the full affair and restoring oldco rangers back to the spl. 0 Quote Link to comment Share on other sites More sharing options...
Bendarroch Posted November 21, 2012 Share Posted November 21, 2012 I'd predict - within five years, if you start cheating again; maybe within twenty, if you don't. You'll have to understand why I have little faith in your credibility on any subject. After all, when it transpires that a pornographer had a better grasp of tax-law than any of the bunglers you and yours cited, I think it's reasonable to acknowledge your ineptitude as, well, complete. 0 Quote Link to comment Share on other sites More sharing options...
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