p&b is a disgrace Posted February 14, 2012 Share Posted February 14, 2012 At least the activities of the last few days seem to have scared the shit out of hearts who have now settled all debts with HMRC. 0 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted February 14, 2012 Share Posted February 14, 2012 Nope - HMRC lose their money. RFC get liquidated. New RFC 2 is born and is 'invited' or applies to be part of the SPL by getting the license vacated by the loss of RFC 1. You can scrape shite aff yer shoe all you like - the smell never leaves ya. 20p in the £ will probably be the worst case scenario. 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted February 14, 2012 Share Posted February 14, 2012 I know as a St Mirren supporter I might stand accused of trying to be smug here - but I'm not. I'm making a serious point here... A couple of years ago St Mirren supporters watched our owner do everything he could to STOP our club going into administration. I'm sitting here today watching a weasel like Whyte do everything he can to get his club INTO administration. I actually fucking love it fixed 0 Quote Link to comment Share on other sites More sharing options...
phanni tikklar Posted February 14, 2012 Share Posted February 14, 2012 Well if the assets are sold to a new company it is the old company that would have the debt to HMRC. If the new company is allowed to 'buy' the league place and Ibrox maybe Craig Whyte is smarter than he's been given credit for in some quarters. Main thing that stinks for me is the fight between HMRC and Whyte to have an administrator appointed. Given that the administrator's duty is to protect the assets for the creditors it shouldn't really matter who is appointed,should it? I thought the law had changed to stop companys doing this.. And the new company is as liable as the old one.. Same owner same premises ect.... 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted February 14, 2012 Share Posted February 14, 2012 (edited) Well if the assets are sold to a new company it is the old company that would have the debt to HMRC. If the new company is allowed to 'buy' the league place and Ibrox maybe Craig Whyte is smarter than he's been given credit for in some quarters. Main thing that stinks for me is the fight between HMRC and Whyte to have an administrator appointed. Given that the administrator's duty is to protect the assets for the creditors it shouldn't really matter who is appointed,should it? Depends. The Administrator is obligated to secure 'best value' for the assets - this can be a highly subjective thing. HMRC appointed Administrators will sell to effectively the highest bidder - regardless of interest or outcome. RFC Administrator will see 'value' in selling to an 'appropriate' bidder whch might continue in the same or similair business (football) to protect employees. See where this is all going now ? Edited February 14, 2012 by GreenockRover 0 Quote Link to comment Share on other sites More sharing options...
pozbaird Posted February 14, 2012 Author Share Posted February 14, 2012 fixed Not really loving it at all mate. As the hours go by, the more it looks like cheats and shysters will fall in a big barrel of steaming shite but come out relatively Scot-free, given the scale of their institutionalised cheating and spiv-like behaviour. Honest hard working Rangers FC staff will suffer. The rest of Scottish football will bend over and take it up the arse. What's to love about that? 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted February 14, 2012 Share Posted February 14, 2012 20p in the £ will probably be the worst case scenario. Yeah - as I said - Lose their money.... 20p/£ pfffftttttttt 0 Quote Link to comment Share on other sites More sharing options...
Gaz Posted February 14, 2012 Share Posted February 14, 2012 Regardless of who appoints an administrator, they'll stay in administration until the tax case is settled. Does anyone have an ETA for that? 0 Quote Link to comment Share on other sites More sharing options...
Junkers83 Posted February 14, 2012 Share Posted February 14, 2012 They are all crooks. the government and the Rangers. F*** the lot. of them 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted February 14, 2012 Share Posted February 14, 2012 HMRC withdraw petition..... Hope they have a plan b and I dont mean the singer 0 Quote Link to comment Share on other sites More sharing options...
ffcsam Posted February 14, 2012 Share Posted February 14, 2012 Another twist 10pts deduction 0 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted February 14, 2012 Share Posted February 14, 2012 Yeah - as I said - Lose their money.... 20p/£ pfffftttttttt I feel a wee twinge for those investing through Ticketus. 0 Quote Link to comment Share on other sites More sharing options...
Mik Posted February 14, 2012 Share Posted February 14, 2012 T minus 40mins til meltdown 0 Quote Link to comment Share on other sites More sharing options...
forkboy Posted February 14, 2012 Share Posted February 14, 2012 (edited) Radio 5 just reported that Rangers are now in administration. Edited February 14, 2012 by forkboy 0 Quote Link to comment Share on other sites More sharing options...
Jim Leighton Posted February 14, 2012 Share Posted February 14, 2012 They're in. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted February 14, 2012 Share Posted February 14, 2012 HMRC have withdrawn their application, so it looks like Whyte has got his tame administrator. 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted February 14, 2012 Share Posted February 14, 2012 (edited) HMRC - The Costa Concordia of Government Tax Collection Edited February 14, 2012 by GreenockRover 0 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted February 14, 2012 Share Posted February 14, 2012 HMRC - The Costa Concordia of Government Tax Collection There won't be many jumping off this gravy boat early. 0 Quote Link to comment Share on other sites More sharing options...
MacWatt Posted February 14, 2012 Share Posted February 14, 2012 Regardless of who appoints an administrator, they'll stay in administration until the tax case is settled. Does anyone have an ETA for that? The adminstrator can sell the assets to another company without needing to go back to court. The company which the adminstrator would be adminstrating and which the tax liability is against would be liquidated. 0 Quote Link to comment Share on other sites More sharing options...
Henry Sludden Posted February 14, 2012 Share Posted February 14, 2012 Pre-pack must be the plan. Boils down to whether the spl will let new rangers in when it happens. 0 Quote Link to comment Share on other sites More sharing options...
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