jock001 Posted September 21, 2013 Share Posted September 21, 2013 There is a thread in the league one section for you to claim how rangers never died it's called the BRALT. You will find a lot of willful ignorance down there, mostly from fucktards who don't understand what liquidation means So you post there a lot? Link to comment Share on other sites More sharing options...
fatshaft Posted September 21, 2013 Share Posted September 21, 2013 The SFA, FIFA and UEFA all disagree. You apparently think you know better? Also http://companycheck.co.uk/company/SC005364 Liabilities of £12.5 M and assests woth £2.5m So that makes you less stable than the previous Rangers owners were when their company was liquidated. Right? 'net worth' of £3,900,000 ^^^^ I guess the important figure, the one you didn't quote, either escaped you, or you didn't understand it? So no, not less stable than Rangers Oldco, trading perfectly well, whereas Rangers Oldco had to be liquidated as it was not able to trade. Link to comment Share on other sites More sharing options...
Apache Don Posted September 21, 2013 Share Posted September 21, 2013 Oh sweet Jesus. How foolish you appear these days Ted. Your main objection now apparently concerns the inappropriateness of the thread as a venue for this discussion. This, despite the fact that yu unilaterally introduced it here. First of all, you made a tedious and predictable dig at WRK, telling him his team was getting beaten - a clear reference to Celtic's amusing midweek defeat in Italy. When he pointed out that Kilmarnock weren't playing unti Saturday, you responded desperately with: "You do not support Killie, mhoron." I'm actually starting to feel uncomfortable about this issue now, because it must be so personally embarrassing for you to have your stupidity so exposed. I have to express serious doubt about the bold part. ''Club as in singular, club as in singular..........'' copyright Tedi 2013 Link to comment Share on other sites More sharing options...
~British Patriot~ Posted September 21, 2013 Share Posted September 21, 2013 So you post there a lot? Dougal is the BRALTs resident thicko. Link to comment Share on other sites More sharing options...
jock001 Posted September 21, 2013 Share Posted September 21, 2013 'net worth' of £3,900,000 ^^^^ I guess the important figure, the one you didn't quote, either escaped you, or you didn't understand it? So no, not less stable than Rangers Oldco, trading perfectly well, whereas Rangers Oldco had to be liquidated as it was not able to trade. Book value of -£10 million. That's assests - liabilities. Oldco on the other hand only folded because HMRC told lies about how much was owed to them. Ignore the money from the 'big tax case' like the first teir tax tribunal says you should and oldco still had a positive book value. Even after being raped by Craig Whyte for a few months. So if the bank or the taxman started treating you like they treated Rangers, you'd be in a lot of trouble. In fact you'd have your PLC liquidated. Who would you support then? Link to comment Share on other sites More sharing options...
fatshaft Posted September 22, 2013 Share Posted September 22, 2013 Book value of -£10 million. That's assests - liabilities. Oldco on the other hand only folded because HMRC told lies about how much was owed to them. Ignore the money from the 'big tax case' like the first teir tax tribunal says you should and oldco still had a positive book value. Even after being raped by Craig Whyte for a few months. So if the bank or the taxman started treating you like they treated Rangers, you'd be in a lot of trouble. In fact you'd have your PLC liquidated. Who would you support then? I'd have to find a NEW club to support. Link to comment Share on other sites More sharing options...
EdTheDuck Posted September 22, 2013 Share Posted September 22, 2013 Book value of -£10 million. That's assests - liabilities. Oldco on the other hand only folded because HMRC told lies about how much was owed to them. Ignore the money from the 'big tax case' like the first teir tax tribunal says you should and oldco still had a positive book value. Even after being raped by Craig Whyte for a few months. So if the bank or the taxman started treating you like they treated Rangers, you'd be in a lot of trouble. In fact you'd have your PLC liquidated. Who would you support then? I think the polite expression is egg on face The £2.5M is current assets, which I'm sure an accounting hot shot like you knows isn't the whole picture as far as assets are concerned. In fact Aberdeen FC books show fixed assets of £20M and a Total Assets less Current Liabilities figure of £9.759M (yes, I have omitted some numbers too, bet this drone doesn't know what they are) The bank won't do anything to Aberdeen because Stewart Milne has personally guaranteed them their money The Tax Man won't treat Aberdeen like they treated TCFKAR because Aberdeen haven't missed PAYE & VAT for 12 months I'm afraid, however much you want to see it, Aberdeen FC aren't going anywhere Link to comment Share on other sites More sharing options...
fatshaft Posted September 22, 2013 Share Posted September 22, 2013 Ed min. You spoiled the fun. I was letting the hole get dug, then wonder how even just valuing pittodrie alone could amount to just £2.5m, never mind additional assets. Guys a plum. Link to comment Share on other sites More sharing options...
EdTheDuck Posted September 22, 2013 Share Posted September 22, 2013 Ed min. You spoiled the fun. I was letting the hole get dug, then wonder how even just valuing pittodrie alone could amount to just £2.5m, never mind additional assets. Guys a plum. Oh the hole is still there and he'll tumble into it dinna fret Link to comment Share on other sites More sharing options...
jock001 Posted September 22, 2013 Share Posted September 22, 2013 I think the polite expression is egg on face The £2.5M is current assets, which I'm sure an accounting hot shot like you knows isn't the whole picture as far as assets are concerned. In fact Aberdeen FC books show fixed assets of £20M and a Total Assets less Current Liabilities figure of £9.759M (yes, I have omitted some numbers too, bet this drone doesn't know what they are) The bank won't do anything to Aberdeen because Stewart Milne has personally guaranteed them their money The Tax Man won't treat Aberdeen like they treated TCFKAR because Aberdeen haven't missed PAYE & VAT for 12 months I'm afraid, however much you want to see it, Aberdeen FC aren't going anywhere Did you have a source for your figures? Current assets generally mean ones you can sell off within a year. Any bills over £2.5 million in total and you won't be able to pay them. Say for example the tax man comes along and says you owe £50 million. You'd be fecked. Hillariously though you think one of Scotlands best businessmen would cough up the £50M even though he had no need to in the slightest. You also somehow think the big tax case happened because Craig Whyte didn't pay PAYE or VAT. After saying something that dumb, it's maybe best not to try and lecture on business theory. Link to comment Share on other sites More sharing options...
fatshaft Posted September 22, 2013 Share Posted September 22, 2013 Did you have a source for your figures? Current assets generally mean ones you can sell off within a year. Any bills over £2.5 million in total and you won't be able to pay them. Say for example the tax man comes along and says you owe £50 million. You'd be fecked. Hillariously though you think one of Scotlands best businessmen would cough up the £50M even though he had no need to in the slightest. You also somehow think the big tax case happened because Craig Whyte didn't pay PAYE or VAT. After saying something that dumb, it's maybe best not to try and lecture on business theory. Say for example, I won the Euromillions, problem solved. What a fucking stupid thing to come away with, of course anyone would be fucked if that sort of bill came along, the problem you have is that unlike the liquidated Rangers, no-one else has been paying players English-type wages, no-one else has been avoiding paying their tax bills. How in the name of sweet electrical jesus do you even think the Dons would somehow have that sort of unknown liability as any sort of possibility? We're talking about realities and quantifiables here, I know that is hard for Sevconians to comprehend, but that's how the real world works. Link to comment Share on other sites More sharing options...
fatshaft Posted September 22, 2013 Share Posted September 22, 2013 Did you have a source for your figures? http://www.afc.co.uk/staticFiles/de/b9/0,,10284~178654,00.pdf Link to comment Share on other sites More sharing options...
Benjamin_Nevis Posted September 22, 2013 Share Posted September 22, 2013 Did you have a source for your figures? Current assets generally mean ones you can sell off within a year. Any bills over £2.5 million in total and you won't be able to pay them. Say for example the tax man comes along and says you owe £50 million. You'd be fecked. Hillariously though you think one of Scotlands best businessmen would cough up the £50M even though he had no need to in the slightest. You also somehow think the big tax case happened because Craig Whyte didn't pay PAYE or VAT. After saying something that dumb, it's maybe best not to try and lecture on business theory. Wow. What a fucking imbecile. I swear every time this guy posts, everyone else's IQ drops a point. Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted September 22, 2013 Share Posted September 22, 2013 Did you have a source for your figures? Current assets generally mean ones you can sell off within a year. Any bills over £2.5 million in total and you won't be able to pay them. Say for example the tax man comes along and says you owe £50 million. You'd be fecked. Hillariously though you think one of Scotlands best businessmen would cough up the £50M even though he had no need to in the slightest. You also somehow think the big tax case happened because Craig Whyte didn't pay PAYE or VAT. After saying something that dumb, it's maybe best not to try and lecture on business theory. You are Tedi, and I claim my five pounds. Link to comment Share on other sites More sharing options...
Steve McQueen Posted September 22, 2013 Share Posted September 22, 2013 Is Jim Spence back at work yet? He can't be the only one to get tongue tied when trying to distinguish 1 Rangers FC from the other Rangers FC Link to comment Share on other sites More sharing options...
jock001 Posted September 22, 2013 Share Posted September 22, 2013 http://www.afc.co.uk/staticFiles/de/b9/0,,10284~178654,00.pdf Thanks. So according to those accounts, net assests are only £14k for Aberdeen FC. So it wouldn't take the taxman getting your bill wrong by 50 million to really damage your club. £50k would do it. Link to comment Share on other sites More sharing options...
Ludo*1 Posted September 23, 2013 Share Posted September 23, 2013 Remember when this thread was about Jim Spence? Link to comment Share on other sites More sharing options...
Skintight Posted September 23, 2013 Share Posted September 23, 2013 It was never about Jim Spence. Link to comment Share on other sites More sharing options...
Joey Jo Jo Junior Shabadoo Posted September 23, 2013 Share Posted September 23, 2013 Oldco on the other hand only folded because HMRC told lies about how much was owed to them. Ignore the money from the 'big tax case' like the first teir tax tribunal says you should and oldco still had a positive book value. Even after being raped by Craig Whyte for a few months. That is an astounding new way of looking at things. Regarding the positive book value - that was entirely due to fixed asset book values in excess of £100 million. How much did those assets sell for again? Link to comment Share on other sites More sharing options...
TheBeither Posted September 23, 2013 Share Posted September 23, 2013 Yawn. Usual snorefest. Rangers are dead, deal wae it. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.