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Rangers 2011/2012.

I'm trying to get my head around a couple of things. Maybe someone can help me out.

The timing of the move to go into administration just seems weird. It's only a few weeks after we found out that Whyte mortgaged the season ticket income (for what was it? 24million?) and hot on the heels of the Jelavic transfer which I would hope was conducted on a "gies the money up front" basis.

I know Whyte had mentioned previously that there was a big gap between income and expenditure and it sounds like they had been fucking around a few creditors all season but surely they should have had the cash to cover short term expenses?

Then I saw this:



The bit about 2 minutes, 10 secs in is a little intriguing and maybe the full story will be out by tomorrow morning. But is he hinting that HMRC was about to move to replace Whyte as the prefered creditor?

For those that don't know. When Whyte took over the club he made sure that the 18million he put in to clear the LLoyds TSB debt made him the preferred creditor and therefore 1st in line to get his money back should the club go into bankruptcy. That made his takeover a win-win. Either they win the tax case and he owns the club having paid a quid and all he's done is made a simple loan to the club that he could pay himself back; Or they lose the tax case, he gets his 18mil back and gets the fuck out of dodge leaving someone else to pick up the pieces. It sounds like a good gamble doesn't it?

So is it the case that HRMC just scuppered his big plan and the creditors that he was talking about protecting today was really just himself? Does this administration protect his money while clearly just hanging the football team out to dry?
 
Just in case it's not clear, it's this part of the statement that I'm talking about:

The statement added: "The club is continuing to have dialogue with HMRC in the hope that a formal insolvency procedure can be averted and has put forward pragmatic proposals.
"The club's owners believe there is no 'realistic or practical' alternative to this course of action in order to secure the long-term future of the club.
"Should administration take effect, the club is proposing a Company Voluntary Arrangement (CVA).
"The club wishes to seek the protection of a moratorium from HMRC action whilst a CVA proposal is made to creditors. The club has put forward a CVA proposal to HMRC in which creditors would be paid and provision made for the legacy HMRC case, commonly known as the 'big tax' case.
"This, if approved by creditors within a month, would minimise any points deduction and enable the club to participate in European football next season."

http://www.dailyrecord.co.uk/footba...tax-bill-may-be-more-than-50m-86908-23747653/

So basically he's going to try to get his money back before HMRC can get their hands on the clubs assets?
 
Christ mate, your club is in danger of going under, certainly going into admin and the guy at the top is, at the very least, manipulating it for his own advantage.

And you're arguing about whether Celtic had a few more thousand fans at a cup game?
 
delusions.jpg
 
Christ mate, your club is in danger of going under, certainly going into admin and the guy at the top is, at the very least, manipulating it for his own advantage.

And you're arguing about whether Celtic had a few more thousand fans at a cup game?

Welcome to the blinkered world view of brother anchorage. No matter what Rangers do on the state they are in ra Sellick are much worser by the way so theys are.
 
It seems we owe Dundee Hibs £100 thousand. Hope we stiff those bastards.

Looks like a lot a companies will be getting stiffed as a result of your cheating. That's effectively what admin is about.

Happily football debts take priority so we should get this money. Even if we don't, this situation is massively more of a disaster for Rangers than Dundee Utd, so you hold onto these little comforts.
 
Welcome to the blinkered world view of brother anchorage. No matter what Rangers do on the state they are in ra Sellick are much worser by the way so theys are.

You have seen the light brother and are saved. Shame fc will always be worsererer and Rangers betterer cause it's true n'that. I wonder if all the titles shame fc won when they were fiddling the gate money and the young boys will be taken off them, tax is tax.
 
Looks like a lot a companies will be getting stiffed as a result of your cheating. That's effectively what admin is about.

Happily football debts take priority so we should get this money. Even if we don't, this situation is massively more of a disaster for Rangers than Dundee Utd, so you hold onto these little comforts.

I will still wake up tomorrow a supporter of the most successful club in the world.
 
Ok, the count is in. That was an exhausting minute and a half.

So if Rangers have been cheating on their taxes for 10 years, that means there are 5 league titles that are null and void. Celtic would clearly then be awarded them, meaning that the league title count would then be Rangers 49 vs Celtic 47 which means that in 3 years we will then become the world's most successful club and still be watching our team playing football rather than gazing longingly at the Tesco's where our club's stadium used to be.

I guess we need to start planning another party in 3 years!
 
Ok, the count is in. That was an exhausting minute and a half.

So if Rangers have been cheating on their taxes for 10 years, that means there are 5 league titles that are null and void. Celtic would clearly then be awarded them, meaning that the league title count would then be Rangers 49 vs Celtic 47 which means that in 3 years we will then become the world's most successful club and still be watching our team playing football rather than gazing longingly at the Tesco's where our club's stadium used to be.

I guess we need to start planning another party in 3 years!


And we are still ahead of shame fc. We really are the greatest. WE ARE THE PEOPLE.
 
I guess we need to start planning another party in 3 years![/quote]




Do you remember how to have a party other than a vice champions one ?
 
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