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Big Rangers Administration/Liquidation Thread - All chat here!


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The only one who ripped them off was Duff and Phelps. Most were offering £10m for the liquidation and one guy in the form of Tristan Lochrie offered £25m for the liquidation. But no we'll let this shady consortium have it for £5m.

But the £5m was the biggest offer, as it took onboard all that non bank debt to the new club, which the other bids would not have :)

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One would think that Murray group lawyers would be rather pre-occupied with the task of obtaining the £1 coin that Craig Whyte 'duped' from their client !

Never mind Spence, Cowan and Cosgrove , if Mr Murray was so confident , why did he ditch Rangers for a pound ?

Could it be , that despite the 'bravado' , Murray along with everyone else , was pretty sure they'd lose the case ?

Not if you read the statement they put out.

What's done is done regarding the club and the tax case but the lawyers will have their fun and financial & reputational destruction awaits those they go after.

Neither of those will be much of a problem for Phil though as he probably doesn't have any cash and he doesn't have much of a reputation now either since The Sun (larf!) called him a bigot.

His book will probably get moved to the Fiction section. ;)

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Alastair Johnston had admitted to old rangers having some dual contracts. But says it should only result in a slap on the wrist punishment. Hope the slap is across the face with titles stripped. Oh and remember orcs out of the 87 players and staff investigated for ebt 36 were guilty so how the hell can you claim victory. You cheated plain and simple

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aye Rangers 'won' the tax Case.

still,there was a squad of players at Ibrox, hoovering up payments / pseudo loans etc that were never included in the contracts lodged with the SPL/SFA.

If it hadn't been for those financially complex arrangements they would not have been playing for Rangers.

Rangers cheated. Systematically.

Stick your Tax Case 'victory'

Let's get those titles Lance Armstronged....

plenty other points discussed here - http://wingsland.podgamer.com/big-tax-case-verdict-the-reality/#more-24908

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In other news, turkeys call for ban on Christmas...

Rangers Supporters Club secretary calls for payments hearing to be scrapped

John Macmillan, secretary of the Rangers Supporters Clubs, has called for a hearing into alleged undisclosed payments to players to be scrapped in the wake of the club's 'big tax case' success.

http://www.telegraph...e-scrapped.html

The case, of course, has found that Rangers were in fact making dodgy, taxable payments to plenty of players using the EBT system - it just found that the majority of these lump-sum, tax-free payments that never have to be paid back were, uh, "Loans".

Cynics might suspect that Old Rangers admitted to/were found guilty on the cases where HMRC were able to get their hands on the relevant documentation, and were found to be compliant on those cases where letters and contracts "accidentally" fell into the shredder.

You have to imagine that HMRC thought that, if they could prove that Rangers repeatedly paid players taxable "loans" using this financial mechanism, that the implication would be that the whole thing was taxable. Not according to two of their lordships, it seems.

This roaster has the situation exactly arse-backwards. The call should be for a full and public inquiry by the SPL. Question number one - Okay Old Rangers, please explain why you set up a massive, exotic tax avoidance scheme and operated most of it "legally", while also choosing to make taxable payments to a small number of your players, for seemingly no reason at all.

Up until now, the supporters' clubs seemed to be pretty vocal about wanting to know the truth. Well, I 100% agree! Let's hear the truth in an open public forum, with the press on hand to record every detail.

Edited by flyingrodent
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Just when you thought it couldn't get any more pathetic :rolleyes:

I take it we will see the 'joke' against Sir David Murrays disability go unpunished...again....Funny that i got a 2 day ban for asking how the wife of an ex celtic manager was getting on after her illness. :rolleyes:

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Just when you thought it couldn't get any more pathetic :rolleyes:

I take it we will see the 'joke' against Sir David Murrays disability go unpunished...again....Funny that i got a 2 day ban for asking how the wife of an ex celtic manager was getting on after her illness. :rolleyes:

:lol:

You know, there are points in this thread where you almost have us convinced you're a decent human being, rather than a bitter, triumphalist bigot.

So close.

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143 years of unbroken history.

Just a few trophies - none presented in broom cupboards.

No riots.

No Uefa fines or sanctions.

No massive financial meltdowns. (OK, one that I remember, but "massive" isn't really the wordwink.gif)

No discriminatory signing policies - if they're cheap, we'll have 'em.

Aye, shit to be a Killie fan. laugh.gif

Always about Rangers eh?

Standard.

Norm is jealous.

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:lol:

You know, there are points in this thread where you almost have us convinced you're a decent human being, rather than a bitter, triumphalist bigot.

So close.

Being a decent human being is vastly over rated ;)

This is my time ... after Months of pain and anguish and fighting against every man and his dog on here i feel i am entitled to feeling a little smug after being proven to be correct.

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Alastair Johnston had admitted to old rangers having some dual contracts. But says it should only result in a slap on the wrist punishment. Hope the slap is across the face with titles stripped. Oh and remember orcs out of the 87 players and staff investigated for ebt 36 were guilty so how the hell can you claim victory. You cheated plain and simple

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.

Edited by Burma
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Tax avoidance is not illegal in any form, calling rangers cheats no longer has any credibility so GIRUY!

Old Rangers didn't contest a number of the cases and has also been found liable for tax on a minority of others. Translated - Old Rangers were well and truly at it throughout, but HMRC were only able to prove this in a minority of cases, much to Hector's surprise.

The story now moves to the football inquiry, where Old Rangers will have to go some to prove that these "discretionary loans" - or, in non-legal terms, "massive tax-free payments that did not ever need to be repaid" - were somehow entirely separate from players' remuneration.

Given that we know side-letters confirming these "loans" as payments exist - they're referred to in the judgement, if you've been paying attention - it's going to be fun to see how your old club try to wriggle out of admitting their liability*.

The Herald is better on this than the tabloids**, who are busy sucking up to you and your fellow fans like a nuclear-powered Dyson, because they want your money.

Edit - Linky http://www.heraldsco...prieve.19486807

*Although I freely admit that it's perfectly possible your old club might still wriggle out of this one yet. They've managed to slither away from all their financial responsibilities; they've bullshitted their way out of the civil courts with a slap on the wrist and will no doubt turn all of their dark arts of deceit upon the commission.

**Today's tabloids are an instructive lesson on just how many huge, honking lies you can stampede into print, if you're basically paying the salaries of the men who write them.

Edited by flyingrodent
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