coprolite Posted November 14, 2019 Share Posted November 14, 2019 . 2 hours ago, The OP said: I'm still in the 'Why did no-one notice this error in the intervening years and multitude of cases and who are these sensible investors who would've swooped in if the liability was a bit less' camp until I see something more solid than "accounting sources now believe". Absolutely, two stages of shite to this story. 1- it isn't true and 2- even if it was it wouldn't change anything. Accounting sources = bloke in pub. The corpse of rangers was available for sale without any debt, courtesy of Duff and Phelps. It was looked at by the truck mannie and Bill Ng who both thought it was a shit business. No other buyers apart from bottom feeders. Seems unlikely that £20m of tax bill would make it more of a prospect. 1 Quote Link to comment Share on other sites More sharing options...
Thistle_do_nicely Posted November 14, 2019 Share Posted November 14, 2019 Didn't Craig Whyte literally stop sending HMRC any PAYE deductions collected by Rangers, which had little to nothing to do with either of the tax cases? 1 Quote Link to comment Share on other sites More sharing options...
wastecoatwilly Posted November 14, 2019 Share Posted November 14, 2019 1 hour ago, Thistle_do_nicely said: Didn't Craig Whyte literally stop sending HMRC any PAYE deductions collected by Rangers, which had little to nothing to do with either of the tax cases? Around about 9 months worth but this might be some deflection tactic. Close bothers are giving them the cold shoulder. 0 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted November 14, 2019 Share Posted November 14, 2019 On 06/11/2019 at 22:31, Muzz1886 said: With all due respect to you, salary % to turnover ratio isn't anywhere near as relevant as cash in the bank and net current assets. RFC have £25m net current liabilities and £1m in the bank. That was in June. The accounts state that funding is needed right now - Nov19 is clearly quoted - with at least £10m needed between now and the end of the season. This is before taking into account further soft loans received since Jun-19 and shelling out another £11.5m on players. There are numerous other things that should cause alarm - interest accrued on deferring transfers and numerous contingent liabilities being just two of them. But hey, you beat bottom of the league Hearts in a Semi final, so life is good, right? And they beat us 5-0, so 0 Quote Link to comment Share on other sites More sharing options...
TavTastic Posted November 14, 2019 Share Posted November 14, 2019 25 minutes ago, Jacksgranda said: And they beat us 5-0, so tbf that was pretty fun 0 Quote Link to comment Share on other sites More sharing options...
Ginaro Posted November 14, 2019 Share Posted November 14, 2019 I've noticed some tweets recently along the lines of "if we were a new club why weren't we put into the Lowland League" - forgetting of course that it didn't exist in 2012... 0 Quote Link to comment Share on other sites More sharing options...
Lee Van Tee Posted November 14, 2019 Share Posted November 14, 2019 I've been searching the internet hoping to find someone who obviously has a background in business taxation and no Old Firm agenda, who is prepared to look to the future and foresee possible implications for what today's revelations might hold in store that no-one yet has come up with. Sadly, no joy on that front but one poster on Rangers Banter has come up with this --- 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted November 14, 2019 Share Posted November 14, 2019 I'm just surprised I haven't seen demands for Hector to return the £50m to the new club? 0 Quote Link to comment Share on other sites More sharing options...
the west curve Posted November 14, 2019 Share Posted November 14, 2019 The amount of the anticipated tax bill is neither here or there. The club was a basket case and Murray was desperate to get rid. For a £1 he sold it to a guy with riches off the scale according to the media. He then took his plunder and sent the club into administration and eventually liquidation. How many ex Rangers players to this day were compliant in creating the tax bill and are now watching the new club? Those players were a big part of the demise. 0 Quote Link to comment Share on other sites More sharing options...
steelmen Posted November 14, 2019 Share Posted November 14, 2019 Even if this is correct and they only owed £20m to the tax man... there was also the other £18m they owed Lloyd’s.I very much doubt that there were all these investors willing to take on £38m worth of debt with £18 being paid the second the contract was signed. 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted November 14, 2019 Share Posted November 14, 2019 Remind me again - how much of his own money did Murray ever actually spend on the dead club?Of all the chancers who padded out their bank accounts at the expense of all the poor wee inadequates who relied on Ra Gerz to give their lives meaning. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted November 14, 2019 Share Posted November 14, 2019 5 minutes ago, steelmen said: Even if this is correct and they only owed £20m to the tax man... there was also the other £18m they owed Lloyd’s. I very much doubt that there were all these investors willing to take on £38m worth of debt with £18 being paid the second the contract was signed. They borrowed from Ticketus to pay Lloyd’s... So it would be 18m to Ticketus, about the same for Whyte not paying tax in his time, and then 20m for the tax bill that is being discussed again now... 1 Quote Link to comment Share on other sites More sharing options...
Joey Jo Jo Junior Shabadoo Posted November 14, 2019 Share Posted November 14, 2019 Ticketus. It's all flooding back. So the quantum was around £56million? 1 Quote Link to comment Share on other sites More sharing options...
The_Kincardine Posted November 14, 2019 Share Posted November 14, 2019 5 minutes ago, Ross. said: They borrowed from Ticketus to pay Lloyd’s... Lloyds is the banks. Lloyd's is the insurance market. Shame you seldom posted when The Big Thread was at its height. We missed the input from Clydebank fans... -1 Quote Link to comment Share on other sites More sharing options...
Dundee Hibernian Posted November 14, 2019 Share Posted November 14, 2019 ”..............a BDO spokesman said: “Since we published the last creditors report in June, BDO’s tax specialists have been negotiating with HMRC over the size of the tax bill. There is no final decision, negotiations are ongoing and we expect a resolution of this in 2020”. From article by ex Ibrox employee Roddy Forsyth 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted November 14, 2019 Share Posted November 14, 2019 (edited) 19 minutes ago, The_Kincardine said: Lloyds is the banks. Lloyd's is the insurance market. Shame you seldom posted when The Big Thread was at its height. We missed the input from Clydebank fans... Autocorrect on the phone old bean. I’ve spent the last 15 years working in finance and dealt with far too many entities answering to variations of that name, and should definitely have picked up on the mistake, but, alas, it slipped through. I have plenty of posts on The Big Thread, more than I care to think about. The things we do when we should be working... As for Clydebank, feel free to sign up to the trust and check my credentials. Not that I need to prove myself to anyone on that score. Edited November 14, 2019 by Ross. 1 Quote Link to comment Share on other sites More sharing options...
Spring Onion Posted November 14, 2019 Share Posted November 14, 2019 Rangers were a horrible and utterly vile club, the weeks leading up to and ending with their demise were utterly fantastic. Now the fans of a brand new club think the old team they supported was hard done by and it's even more delicious. Would be nice though if one of them, just one of them had mentioned in any post, tweet or message that they wished they had just played their bills, not tried tax dodges or not pretend for the last few years that they are the same club as the one they are all talking about today. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 14, 2019 Share Posted November 14, 2019 1 minute ago, Spring Onion said: Rangers were a horrible and utterly vile club, the weeks leading up to and ending with their demise were utterly fantastic. Now the fans of a brand new club think the old team they supported was hard done by and it's even more delicious. Would be nice though if one of them, just one of them had mentioned in any post, tweet or message that they wished they had just played their bills, not tried tax dodges or not pretend for the last few years that they are the same club as the one they are all talking about today. Right now, no one knows what's happening so I suggest that you dry your eyes. -2 Quote Link to comment Share on other sites More sharing options...
The_Kincardine Posted November 14, 2019 Share Posted November 14, 2019 12 minutes ago, Ross. said: Autocorrect on the phone old bean. I’ve spent the last 15 years working in finance and dealt with far too many entities answering to variations of that name, and should definitely have picked up on the mistake, but, alas, it slipped through. Not. Lloyds for banking and Lloyd's for auld c***s like me who want to insure their tits against consequential loss. Not that hard, really. That you know about separate entities comes as no surprise. 0 Quote Link to comment Share on other sites More sharing options...
Dons_1988 Posted November 14, 2019 Share Posted November 14, 2019 Not. Lloyds for banking and Lloyd's for auld c***s like me who want to insure their tits against consequential loss. Not that hard, really. That you know about separate entities comes as no surprise.Insure your tits? 0 Quote Link to comment Share on other sites More sharing options...
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