itzdrk Posted February 28, 2014 Share Posted February 28, 2014 I think they should be forced to decide if they are going to die or not , ive had enough of long drawn out deaths I see there are a few folk still kicking about claiming to support teams but only posting in the rangers subforum 0 Quote Link to comment Share on other sites More sharing options...
BossHogg Posted February 28, 2014 Share Posted February 28, 2014 From KDS... 0 Quote Link to comment Share on other sites More sharing options...
scottxs Posted February 28, 2014 Share Posted February 28, 2014 Have the players been paid yet 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted February 28, 2014 Share Posted February 28, 2014 (edited) Do you know the BBC are reporting today on 'boilerhouse' schemes today? http://www.bbc.co.uk/news/uk-26367166 Criminal gangs who trick people into investing in worthless shares have been targeted by police in the biggest ever crackdown on the fraud. Edited February 28, 2014 by kiddy 0 Quote Link to comment Share on other sites More sharing options...
DeeTillEhDeh Posted February 28, 2014 Share Posted February 28, 2014 (edited) Imagine you're a football fan and the best hope for your club is someone like Dave King. How fucking depressing must that be. I thought we were the Kings of Dubious Ownership - The Rangers make Dundee look like a paragon of virtue by comparison. Edited February 28, 2014 by DeeTillEhDeh 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted February 28, 2014 Share Posted February 28, 2014 I'm astonished, quite frankly. And amazed. Oh, and utterly befuddled by the actions of the Union of Struth Fans Son's Council of Reactionary Feckwits of Govan International (plc) (llp)(ltd).com, as shoorely even they must realise that if Graham Wallace keeps having to spend precious time in concocting "offishul" statements in response to scurrilous meeja tittle-tattle and unfounded rumour on interweb bampot forums, then he will never complete his 120 month day review of post-IPO-wasting procedures. Mr. McCoist must be absolutely seetho with frustratio. Dave King Addresses The Multitude [yt] [/yt] 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted February 28, 2014 Share Posted February 28, 2014 http://www.eveningtimes.co.uk/rangers/dj-time-for-king-and-wallace-to-bring-rangers-battle-to-a-head-153955n.23553993 DJ is correct, Wallace and King need to come to some agreement, King wants to invest more money in Rangers, Rangers need the cash. King is going to be hard to ignore especially when the fans groups are backing him. Define "invest". 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted February 28, 2014 Share Posted February 28, 2014 http://www.eveningtimes.co.uk/rangers/dj-time-for-king-and-wallace-to-bring-rangers-battle-to-a-head-153955n.23553993 DJ is correct, Wallace and King need to come to some agreement, King wants to invest more money in Rangers, Rangers need the cash. King is going to be hard to ignore especially when the fans groups are backing him. Snuffles, do you own one of these ? 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted February 28, 2014 Share Posted February 28, 2014 Where is Jabba Traynor these days ? Have I missed his latest missives / diktats / doggerel ? Is he MIA ? Director of Communications ? Really ? 0 Quote Link to comment Share on other sites More sharing options...
Fife Saint Posted February 28, 2014 Share Posted February 28, 2014 Where is Jabba Traynor these days ? Have I missed his latest missives / diktats / doggerel ? Is he MIA ? Director of Communications ? Really ? Eh, the lord of the desert resigned months ago. 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted February 28, 2014 Share Posted February 28, 2014 Eh, the lord of the desert resigned months ago. Thanks for that. I thought he was still in post. 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted February 28, 2014 Share Posted February 28, 2014 (edited) Snuffles clearly backing the Sugar Daddy Gonna Spend Spend Spend model of "investing" and therefore highly representative of the Orc Hordes. What an absolute pile of dog whistling shite Kings' statement is. genuine and plausible investors will run a mile from this reckless approach so it's down to the non-existent "wealth off the radar chaps" to simply GIVE their cash to "the cause" Laughable in the extreme. That this particular Pied Piper can open his deceitful gob and incite copious drool volumes from the most gullible fan base in the universe (new record by the way) is simply astounding. Wallace should walk away while he can. This reincarnation is as badly infected as the last one and this time the powers that be in the SFA should apply a Do Not Resuscitate to the patient. They (All things SevCo) have no desire to operate prudently if it means being dominated by other clubs, let alone their other half. Edited February 28, 2014 by GreenockRover 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted February 28, 2014 Share Posted February 28, 2014 On the pitch, Winning matches in European competition, Scottish League titles and Cups. Snuffy, wind-up merchant or crackpot who should be sectioned - which one are you ? 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted February 28, 2014 Share Posted February 28, 2014 On the pitch, Winning matches in European competition, Scottish League titles and Cups. The old club did all that, and still had to steal to postpone their eventual death. Yes, they even won matches in Europe, although some of the cubs may be too young to remember that. Most of the Horde will be lucky to see the new club play in Europe, let alone win. 0 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted February 28, 2014 Share Posted February 28, 2014 From KDS... ImageUploadedByPie & Bovril1393566912.799844.jpg St Atement sounds suspiciously like one of them... 0 Quote Link to comment Share on other sites More sharing options...
sjc Posted February 28, 2014 Share Posted February 28, 2014 On the pitch, Winning matches in European competition, Scottish League titles and Cups. Even if The Rangers won the Scottish Cup this season they wouldn't be allowed to play in Europe next season! 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted February 28, 2014 Share Posted February 28, 2014 Even if The Rangers won the Scottish Cup this season they wouldn't be allowed to play in Europe next season! I'd almost be prepared to put up with their triumphalism for a bit just to see the seethe when UEFA tell them to do one... Almost. Arabs for me - it softens the blow when you get knocked out by the winners! 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted February 28, 2014 Share Posted February 28, 2014 UNDICTATED: The dogged Mr Chipps who brought Dave King to bookSep 2, 2013 | Alec Hogg Self-absorbed narcissist Dave King has been transformed into a model of remorse and humility, writes Alec Hogg ANOTHER piece of the "old South Africa" died last week when serial entrepreneur Dave King agreed to pay the South African Revenue Service (SARS) R706m. He also issued a grovelling joint media statement, promised to unwind offshore structures and bring the funds back home, and pledged to submit outstanding tax returns going back to 2001. King’s public persona has undergone a conversion of Damascene proportions. He reflects nothing of his former self — the confident, typical old-South African businessman with one foot in the country and assets stashed abroad. The self-absorbed narcissist has been transformed into a model of remorse and humility. So was his decade-long belligerence all an act? Or might the "new" King be an invention for the media? Mulling these questions triggered a reminder of conman turned Federal Bureau of Investigation (FBI) adviser Frank Abagnale, the subject of the 2002 movie, Catch Me If You Can. Using a crook to catch many other crooks, Abagnale’s insights helped the good guys wreak havoc on the US’s white-collar criminals. King is unlikely to be joining SARS any time soon. But by having his affairs so publicly exposed, he’s already become an unwitting Abagnale. Never before has SARS dedicated so much time to the murky financial machinations of South Africa’s uber-rich. It should prove a great investment. King did not invent offshore tax shields. Neither did he perfect them. His structures were complicated, but not overly so, centred on the British Virgin Islands-registered Ben Nevis. That, in turn, was owned by a Guernsey-based discretionary trust called Glencoe. This was hardly rocket science, but it enabled him to "legitimately" keep the South African taxman in the dark for years — something he was certainly not alone in doing. Between 1990 and 2001, King disclosed taxable annual income averaging just R60,000. From that modest inflow he managed to live comfortably and acquire a game farm. No objections were raised. No audits called. He may well have stayed under the radar. Except that 16 years ago, King hit the big time when landing a Treasury outsourcing contract from Umgeni Water Board. The chief supporter of the idea, Umgeni’s financial manager, Greg Morris, resigned to join King the day the contract was signed. That would be the cornerstone of a future legal battle. But, in 1997, such niceties mattered not. A JSE new listings boom was in full swing. Anchored by the Umgeni contract, King created Specialised Outsourcing. Shares privately placing at 50c were pumped up by increasingly optimistic quarterly reports. The stock eventually hit a peak of R70. Back then, JSE regulations did not require directors to disclose share dealings. So over the next three years, unbeknown to anyone except Outsourcing’s founder, Ben Nevis sold its 70% stake, reaping a profit of R1.2bn. The funds were immediately "repatriated" to offshore bank accounts. Asset managers unable to find shares in the open market privately approached King for stock. He always denied being a seller. To his mind, that was true. Ben Nevis, not Mr DC King, was offloading. Also to his way of thinking, the profit was tax-free. By the time South Africa’s capital gains tax was introduced in October 2001, Ben Nevis had sold out completely. By then, King had resigned from Outsourcing to start a similar business called Legacy Ventures. His original creation ended up worthless. Sanlam, Old Mutual, Coronation and Southern Life tried to make King accountable, claiming that he fudged the financials and manipulated the share price. That, too, has faded from memory, and is no more than a historical footnote. What eventually made things public was King’s refusal to declare the profit as taxable income. He argued it was not his to declare. Besides, even if it had been, he maintained, it was a tax-free capital gain. With hindsight, had King kept a low profile, SARS may have remained unaware. His error was conspicuous consumption. Almost as quickly as the money came in, he spent it. Properties in Sandhurst, Plettenberg Bay, Fancourt; wine farms in the Cape; half of Gary Player Stud; a R175m Falcon 900 jet, a £20m investment in Glasgow Rangers. The list stretches much longer. Not surprisingly, the spendthrift sparked the media’s attention, and tipped off the man who was to become King’s nemesis, the late Mr Chipps — a frumpy, seemingly distracted SARS-employed chartered accountant. He was the closest person I’ve met to a real-life Columbo, the dithering TV detective who always got the criminal. Judged by his dingy office at the bottom of Jeppe Street in downtown Johannesburg, Mr Chipps was motivated solely by public service. And, until the media reported it as "Chris", I never knew his first name. Nobody ever used it. Mr Chipps had looked at King’s tax file. He was amazed at how someone earning so little could be buying so much. So, this unlikely detective started digging. The result was a series of court cases generating north of R400m in legal fees. Mr Chipps built a case that resonated with Mr Justice Willie Hartzenberg, who opened his September 2002 judgment as follows : "Scotsmen are known to be thrifty. (King) is a Scot. He cannot be accused of squandering his money on the unnecessary payment of income tax." South Africa’s old-money families are disciplined. They may have yachts in Monaco, apartments in Mayfair and party up a storm in Manhattan. But while home in South Africa, they play down their wealth. King, on the other hand, was brought up barefoot in a Glaswegian council project. The fifth of seven children sired by a policeman, he worked for Glasgow-headquartered Weir Group, a manufacturer of slurry pumps. Sent to then riot-torn South Africa in 1976, King grabbed the opportunity of a fresh start. The nature of King’s actions this past week suggests he wants to begin another chapter. We’re a forgiving lot. He might just get it. 0 Quote Link to comment Share on other sites More sharing options...
Bookies Love Me Posted February 28, 2014 Share Posted February 28, 2014 Quote: Mr Chipps built a case that resonated with Mr Justice Willie Hartzenberg, who opened his September 2002 judgment as follows : "Scotsmen are known to be thrifty. (King) is a Scot. He cannot be accused of squandering his money on the unnecessary payment of income tax." 0 Quote Link to comment Share on other sites More sharing options...
dave.j Posted February 28, 2014 Share Posted February 28, 2014 Not at all, I'm suspicious Dave King wants to recuperate the 20m he lost previously. And therefore where does the trust fund holding for season ticket money fit into this, if it does? 20m ? He didn't recoup any of that? 0 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.