The Official Glasgow Rangers Thread

The Official Glasgow Rangers Thread

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DocJock

8,341 posts

239 months

Sunday 14th October 2012
quotequote all
Did they have a better offer than Sevco's?

If not, they've done their job surely? (and can claim their ridiculous fee preferentially to all the other creditors).

Maybe there should be an audit of the auditors? wink

Drive Blind

5,076 posts

176 months

Sunday 14th October 2012
quotequote all
London424 said:
I've got no clue what is going on with Rangers etc but saw a point earlier about the land.

Why couldn't houses have been built on the training ground or where the stadium is?
The Training Ground - it was a condition set by the local council that they would allow development of the land for this purpose only. No residential development allowed in the future. Not sure if 'green belt' is the correct technical term to use for the land plus it's next to milgavie/bearsden so would be highly desirable for residential development if allowed.

The Stadium - the brick front facade of the main stand is a listed building. Plus it's in Govan - not a desirable area.

ellroy

7,006 posts

224 months

stevoknevo

1,672 posts

189 months

Sunday 21st October 2012
quotequote all
All over Twitter from credible sources that the FTT verdict has been passed and oldco have lost. Approx £18-20m unpaid with £18-20m due in interest, not including fines.

Be a few people sleeping uneasily tonight.

albundy89

493 posts

237 months

Sunday 21st October 2012
quotequote all
All over Twitter on early hours of Sunday morning,,, so it must Really be true.

stevoknevo

1,672 posts

189 months

Monday 22nd October 2012
quotequote all
albundy89 said:
All over Twitter on early hours of Sunday morning,,, so it must Really be true.
FTTT rulings are passed to the parties involved before being made public seven days later.James Traynor even alludes to it in todays daily record if you only accept proof from the mainstream media wink

simoid

19,772 posts

157 months

Monday 22nd October 2012
quotequote all
What would/does it mean in practice then?

Murray/Whyte being chased?

Terzo123

4,309 posts

207 months

Friday 26th October 2012
quotequote all
Unbelievable stuff http://www.bbc.co.uk/news/uk-scotland-glasgow-west...

Chick Green was due on Talksport yesterday but cancelled after this burst. He's usually not slow in coming out with some sort of statement. Wonder what's going on?


simoid

19,772 posts

157 months

Friday 26th October 2012
quotequote all
It's enough to make you feel sorry for the Gers fans...

wink

Terzo123

4,309 posts

207 months

Friday 26th October 2012
quotequote all
simoid said:
It's enough to make you feel sorry for the Gers fans...

wink
Just some

wav8

3,924 posts

147 months

Friday 26th October 2012
quotequote all
Terzo123 said:
simoid said:
It's enough to make you feel sorry for the Gers fans...

wink
Just some
Thanksthumbup............biggrin

simoid

19,772 posts

157 months

Tuesday 30th October 2012
quotequote all
http://rangers.co.uk/news/headlines/item/2515-stat...

Rangers said:
THERE has been growing speculation recently that an announcement from the First Tier Tax tribunal is imminent.

The Club has no knowledge of when such an announcement will be made. However, the Club as it now stands as part of The Rangers Football Club Ltd. has been informed by Her Majesty's Revenue and Customs that any decision by the First Tier Tax Tribunal will not affect the operations of The Rangers Football Club Ltd.

This tax liability which is under consideration by the Tribunal is historic and was a matter for The Rangers Football Club plc ('oldco') which is in administration and will be subject to liquidation in due course.

The Rangers Football Club Ltd. is a corporate entity formed following the acquisition in June this year by a consortium led by Charles Green of the business and assets of Rangers, including the Club and its honours.

Unpaid tax liabilities led to the demise of 'oldco' and the EBT arrangements were part of 'oldco's' liabilities. As HMRC stated in June when they decided to vote against the proposed oldco CVA, no tax liabilities relating to 'oldco' would transfer across to the new company. HMRC have recently reaffirmed this position to the Club's tax advisers, Deloitte.

The Rangers Football Club Ltd. is a company free of external debt and all liabilities relating to 'oldco' are a matter for the administrators.

The impending decision of the First Tier Tax Tribunal once again calls into question the validity of the SPL Commission into the use of EBTs. They are clearly a matter for the old company and The Rangers Football Club is trying to rebuild as a great sporting institution.

simoid

19,772 posts

157 months

Wednesday 31st October 2012
quotequote all
Indeed, Troll. That holding company was shameful...

Terzo123

4,309 posts

207 months

Wednesday 31st October 2012
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simoid said:
Indeed, Troll. That holding company was shameful...
Do you still believe in Santa and the tooth fairy.

The old club is dead. Hopefully the new one can be a bit less shameful.

simoid

19,772 posts

157 months

Wednesday 31st October 2012
quotequote all
Clubs go through different owners.

/sameoldstory

Terzo123

4,309 posts

207 months

Wednesday 31st October 2012
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simoid said:
Clubs go through different owners.

/sameoldstory
Clubs do go through different owners, that is until they are liquidated.

“HMRC has taken the view that the public interest will be better served with the liquidation of The Rangers Football Club plc”

Straight from the mouth of Paul Clark (Duff & Phelps)

And from the BBC

“The Rangers Football Club PLC is a public limited company registered in Scotland (company number: SC004276) and was incorporated on 27 May 1899. When the current company is officially liquidated, all of its corporate business history will come to an end.”

And finally from Sir Walter the great

"We wish the new Rangers Football Club every good fortune."

simoid

19,772 posts

157 months

Wednesday 31st October 2012
quotequote all
Terzo123 said:
Clubs do go through different owners, that is until they are liquidated.
Holding companies get liquidated when they are no longer needed confused


Terzo123 said:
“HMRC has taken the view that the public interest will be better served with the liquidation of The Rangers Football Club plc”

Straight from the mouth of Paul Clark (Duff & Phelps)
The old company will be liquidated, yes... confused

Terzo123 said:
And from the BBC

“The Rangers Football Club PLC is a public limited company registered in Scotland (company number: SC004276) and was incorporated on 27 May 1899. When the current company is officially liquidated, all of its corporate business history will come to an end.”
Yes, so? Corporate business history is not the "Club" confused

Terzo123 said:
And finally from Sir Walter the great

"We wish the new Rangers Football Club every good fortune."
That was nice of him, he's a nice chap.

Terzo123

4,309 posts

207 months

Wednesday 31st October 2012
quotequote all
Simoid

Show me where Greenie and his lot purchased the club as claimed in your link from yesterday.

Stadium - Check
Training ground - Check
a few players - Check
Old trophies - Check
Other odds and sodds - Check

Out of all his acquisitions, a club certainly wasn't one of them.

But keep on pretending. A few of your other fans will ensure by threats of violence that the majority of the press go along with the lie

JuniorD

8,616 posts

222 months

Wednesday 31st October 2012
quotequote all
When we were kids we often wondered how cool and awesome if Rangers FC were eradicated. Naively we did
't realise that even if that were to happen, the spirit and attitude would unfortunately live on in the shape of an identikit replacement. It's like a body has died but now we have the stench instead

simoid

19,772 posts

157 months

Wednesday 31st October 2012
quotequote all
Terzo123 said:
Simoid

Show me where Greenie and his lot purchased the club as claimed in your link from yesterday.

Stadium - Check
Training ground - Check
a few players - Check
Old trophies - Check
Other odds and sodds - Check

Out of all his acquisitions, a club certainly wasn't one of them.

But keep on pretending. A few of your other fans will ensure by threats of violence that the majority of the press go along with the lie
I appreciate the sentiment, but what is a football club?
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