The Official Glasgow Rangers Thread

[Lawsome]

Didn't take long for the hurting to turn up

[m996tt]

Lawsome said:

Didn't take long for the hurting to turn up

Yes thats twice today

[ViperPict]

...surely loans need paid back?

[gowmonster]

ViperPict said:

...surely loans need paid back?

Yup, unless it is discharge in which case it then becomes classed as income and will be taxed.

I wonder who will be chased for the taxable 35 ebts that were mentioned? the receivers or the lenders? and who lent it, Rangers or Murray Holdings?

Anywho it wasn't the big tax case that forced the administration anywho but it would be interesting to see what the debt level is now just out of interest.

As for the old company, as it's now being liquidised there is no way back and it can't be salvaged.

I wonder how this affects the SPLs review into EBTs?

[simoid]

ViperPict said:

...surely loans need paid back?

Yeah, I gather when the loanee wants to, or on death.

Not when the loaner is liquidated.

[gowmonster]

simoid said:

ViperPict said:

...surely loans need paid back?

Yeah, I gather when the loanee wants to, or on death.

Not when the loaner is liquidated.

How do you pay back a loan to a company that no longer exists? do the loans become discharged and then become taxable?

[simoid]

gowmonster said:

simoid said:

ViperPict said:

...surely loans need paid back?

Yeah, I gather when the loanee wants to, or on death.

Not when the loaner is liquidated.

How do you pay back a loan to a company that no longer exists? do the loans become discharged and then become taxable?

I don't really know

[Terzo123]

simoid said:

Indeed.

I'm sure many of the fans still have loyalty to a holding company with no assets

Ha ha that old lie. So a club is a mythical intangible bond between supporters which can magically float between businesses and is not an actual entity itself. Bull st

The Rangers Football Club PLC is (soon to be was) a public limited company registered in Scotland (company number: SC004276) and was incorporated on 27 May 1899.

Even that dribbling buffoon Gough in his latest article confirmed that the old club is dead, or at least soon to be, once liquidated.

[simoid]

Terzo123 said:

simoid said:

Indeed.

I'm sure many of the fans still have loyalty to a holding company with no assets

Ha ha that old lie. So a club is a mythical intangible bond between supporters which can magically float between businesses and is not an actual entity itself. Bull st

The Rangers Football Club PLC is (soon to be was) a public limited company registered in Scotland (company number: SC004276) and was incorporated on 27 May 1899.

Even that dribbling buffoon Gough in his latest article confirmed that the old club is dead, or at least soon to be, once liquidated.

You appear to be under the misapprehension that I care what you say

[Terzo123]

simoid said:

You appear to be under the misapprehension that I care what you say

You amuse me.

[simoid]

Terzo123 said:

simoid said:

You appear to be under the misapprehension that I care what you say

You amuse me.

Yeah, but Pacific Shelf, obsessed, humped by Benfica and 50 odd titles, and 6-2 against Alloa.

Thank you and good night

[Terzo123]

Pacific shelf, lol. I took you to be slightly more intelligent than that.

I'm quite happy to listen to any argument for old co and new co being the same club. I'm even happier to shoot it down.

[essayer]

Anyway RFC 2012 PLC (the old Rangers) is still in liquidation, so its affairs are still being arranged before it gets dissolved

[simoid]

Terzo123 said:

Pacific shelf, lol. I took you to be slightly more intelligent than that.

I'm quite happy to listen to any argument for old co and new co being the same club. I'm even happier to shoot it down.

I was just paraphrasing the recently used Gers fans' retorts, not making any judgement on their validity

The new company bought all assets - tangible or otherwise. As far as I'm concerned. I don't care if you agree.

[Terzo123]

simoid said:

I was just paraphrasing the recently used Gers fans' retorts, not making any judgement on their validity

The new company bought all assets - tangible or otherwise. As far as I'm concerned. I don't care if you agree.

Fair enough. I'll need to investigate this buying of history. The premiership is a league I've always fancied winning. Someone might be punting their winners medal on Fleabay.

[GG89]

Jim Traynor done a cracking write up in today's record. "Blind hatred and poison has saturated this case which could actually have paid off for HMRC. They were offered £10m two years ago to settle but refused, probably because they wanted a trophy win to set a precedent which would allow them to pursue hundreds of other companies for untold millions".

[Terzo123]

GG89 said:

Jim Traynor done a cracking write up in today's record. "Blind hatred and poison has saturated this case which could actually have paid off for HMRC. They were offered £10m two years ago to settle but refused, probably because they wanted a trophy win to set a precedent which would allow them to pursue hundreds of other companies for untold millions".

The only thing cracking about Jim Traynor is the floor boards under his ample girth after years of feasting on succulent lamb at the table of Sir Minty.

But no doubt about it, it was a test case for other companies. And i don't see it being over quite yet. In any case it has no real relevance to Mr Green and his company.

[GG89]

Terzo123 said:

GG89 said:

Jim Traynor done a cracking write up in today's record. "Blind hatred and poison has saturated this case which could actually have paid off for HMRC. They were offered £10m two years ago to settle but refused, probably because they wanted a trophy win to set a precedent which would allow them to pursue hundreds of other companies for untold millions".

The only thing cracking about Jim Traynor is the floor boards under his ample girth after years of feasting on succulent lamb at the table of Sir Minty.

But no doubt about it, it was a test case for other companies. And i don't see it being over quite yet. In any case it has no real relevance to Mr Green and his company.

You really do come across as a bitter little man. Your hatred for Rangers is astounding.

[simoid]

Terzo123 said:

But no doubt about it, it was a test case for other companies. And i don't see it being over quite yet.

Yeah, no chicken counting. Various appeals and stuff to go, I suppose.

[Terzo123]

GG89 said:

You really do come across as a bitter little man. Your hatred for Rangers is astounding.

Neither bitter or little. Just find the whole thing rather amusing after years of "we are the establishment, WATP etc"

It's all a bit of banter. You don't have to join in