Jim McLean's Ghost Posted February 14, 2012 Share Posted February 14, 2012 The fit and proper person aspect has never been tested before. It is the only possible way the SFA could issue some sort of punishment and in this case it would be against Craig Whyte and not Rangers. Can the SFA force him to sell his controlling stake or can they just force him to resign as Chairman/Director/Officer roles? And at that point failure to comply would probably mean lapsing membership which would leave Whyte up shit creak, so the SFA might still have routes of attack. 0 Quote Link to comment Share on other sites More sharing options...
Owsley Posted February 14, 2012 Share Posted February 14, 2012 The interesting point here is that in order to make the application then HMRC must ALREADY be owed a significant amount of money which is long overdue. They cannot apply to appoint an administrator on the basis of a likely outcome of a future tax case. Rangers must already be well behind with PAYE payments. Perhaps this was already commonly known but I wasn't conscious of it. Spot on. Just mentioned on BBC that this is new debt to HMRC since Whyte took over. 0 Quote Link to comment Share on other sites More sharing options...
Skyline Drifter Posted February 14, 2012 Share Posted February 14, 2012 One of my Rangers pal's trying to tell me that they could exit Administration in 24 hours. Please tell me that he is deluded and talking absolute horse turd? They can't exit it unless they can pay their creditors in full or get a CVA. The latter would require at least a month (and the Revenue wouldn't agree to it). They clearly can't pay their creditors or we wouldn't be heading down this road so, yes, he's talking horse turd. ** Unless of course someone donates them enough money to meet their ongoing liabilities and take them through to the tax case result but if that's a foregone conclusion there would be no point. 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted February 14, 2012 Share Posted February 14, 2012 The interesting point here is that in order to make the application then HMRC must ALREADY be owed a significant amount of money which is long overdue. They cannot apply to appoint an administrator on the basis of a likely outcome of a future tax case. Rangers must already be well behind with PAYE payments. Perhaps this was already commonly known but I wasn't conscious of it. Would need to see the wording on the petition to be 100% on that Skyline. If HMRC are confident that these owings are due then a petition can be lodged. It would be down to the Judge reading the petition to accept or throw it out. Being a government related organisation HMRC's petition would, as they say 'have merit in consideration'. Actually a bit surprised that RFC have been given the GREEN () light to go ahead with their appointment in all honesty... 0 Quote Link to comment Share on other sites More sharing options...
vinnie-7 Posted February 14, 2012 Share Posted February 14, 2012 They can't exit it unless they can pay their creditors in full or get a CVA. The latter would require at least a month (and the Revenue wouldn't agree to it). They clearly can't pay their creditors or we wouldn't be heading down this road so, yes, he's talking horse turd. ** Unless of course someone donates them enough money to meet their ongoing liabilities and take them through to the tax case result but if that's a foregone conclusion there would be no point. Thank you. Just had the pleasure of passing that onto him, Rangers fans are a bunch of delusional imbeciles. 0 Quote Link to comment Share on other sites More sharing options...
Jamie_B Posted February 14, 2012 Share Posted February 14, 2012 Is it not massively dubious that the administrator will essentailly be Craig Whyte's mate? 0 Quote Link to comment Share on other sites More sharing options...
glensburgh Posted February 14, 2012 Share Posted February 14, 2012 One of my Rangers pal's trying to tell me that they could exit Administration in 24 hours. Please tell me that he is deluded and talking absolute horse turd? sure I heard end of March being mentioned on BBC news. I thought that was optimistic, but 24 hrs!!!!!!!!! 0 Quote Link to comment Share on other sites More sharing options...
Nizzy Posted February 14, 2012 Share Posted February 14, 2012 They can't exit it unless they can pay their creditors in full or get a CVA. The latter would require at least a month (and the Revenue wouldn't agree to it). They clearly can't pay their creditors or we wouldn't be heading down this road so, yes, he's talking horse turd. ** Unless of course someone donates them enough money to meet their ongoing liabilities and take them through to the tax case result but if that's a foregone conclusion there would be no point. Would that apply to a pre-pack administration, though? 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted February 14, 2012 Share Posted February 14, 2012 Nicked from onefinfalkirk... Hello hello, we want a CVA. Hello hello, we don't know whit tae dae. We're up to our knees in unpaid bills Ignore them and we'll die… For we are the bankrupt Billy Boys. 0 Quote Link to comment Share on other sites More sharing options...
MacWatt Posted February 14, 2012 Share Posted February 14, 2012 They can't exit it unless they can pay their creditors in full or get a CVA. The latter would require at least a month (and the Revenue wouldn't agree to it). They clearly can't pay their creditors or we wouldn't be heading down this road so, yes, he's talking horse turd. ** Unless of course someone donates them enough money to meet their ongoing liabilities and take them through to the tax case result but if that's a foregone conclusion there would be no point. I think a pre-pack arrangement can happen immediately. A ‘pre-pack’ (pre-packaged sale) refers to an arrangement under which the sale of all or part of a company’s business or assets is negotiated with a purchaser prior to the appointment of an administrator. The sale will usually be effected by the administrator shortly after his/her appointment.. 0 Quote Link to comment Share on other sites More sharing options...
pozbaird Posted February 14, 2012 Author Share Posted February 14, 2012 Is it not massively dubious that the administrator will essentailly be Craig Whyte's mate? You know it's dubious, I know it's dubious, every poster on this forum knows it's dubious. The whole thing stinks to high heaven. 0 Quote Link to comment Share on other sites More sharing options...
ffcsam Posted February 14, 2012 Share Posted February 14, 2012 (edited) HMRC are sitting with all the aces here. The fablemeister has been trumped Edited February 14, 2012 by ffcsam 0 Quote Link to comment Share on other sites More sharing options...
Bobby_F Posted February 14, 2012 Share Posted February 14, 2012 If Craig Whyte is a secured creditor, surely that is only up to and including what the club actually owes him. I was under the impression he'd not actually put that much of his own money in? 0 Quote Link to comment Share on other sites More sharing options...
Nizzy Posted February 14, 2012 Share Posted February 14, 2012 HMRC are sitting with all the aces here. I don't think they are. See MacWatt's post. 0 Quote Link to comment Share on other sites More sharing options...
drs Posted February 14, 2012 Share Posted February 14, 2012 Spot on. Just mentioned on BBC that this is new debt to HMRC since Whyte took over. The Record story about the season tickets mentioned that they owed the best part of £5 million tax on those dealings. Thats on top of the £49 million etc etc etc 0 Quote Link to comment Share on other sites More sharing options...
Todd_is_God Posted February 14, 2012 Share Posted February 14, 2012 Do you still get whyte dog shite these days? No 0 Quote Link to comment Share on other sites More sharing options...
Nizzy Posted February 14, 2012 Share Posted February 14, 2012 I was under the impression he'd not actually put that much of his own money in? Paid Lloyds off, apparently. 0 Quote Link to comment Share on other sites More sharing options...
pozbaird Posted February 14, 2012 Author Share Posted February 14, 2012 I don't think they are. See MacWatt's post. Until an hour ago it looked like they did. It appears Whyte is more of a ducker and diver than Del Boy Trotter. Hmmm. 1-0 Whyte? 0 Quote Link to comment Share on other sites More sharing options...
The OP Posted February 14, 2012 Share Posted February 14, 2012 Main things I learned from my wasting company time at the CoS - being in journalism is boring as f**k, numpty **** from Edinburgh think that "Sellick will never survive wiout Rainjurz" and the woman from STV can twitter quicker than I can take in information. 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted February 14, 2012 Share Posted February 14, 2012 Rangers Football Club given until 15:30 to appoint administrator or court will appoint one. Maybe Bernie Maddof can do the job from jail Lord Alan Sugar - what a wit !!!! 0 Quote Link to comment Share on other sites More sharing options...
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