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Author Topic: Rangers go in Admin.  (Read 7294 times)
wokinghamred

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« Reply #30 on: Wednesday, February 15, 2012, 11:06:43 »

They were doing some sort of tax dodge for their players over a number of years, and HMRC ruled that illegal. Now you an see why Murray sold up.

This isn't just about the amounts owed to HMRC. If they have been illegally avoiding tax and NI over the last 8 years , they will be relegated at least two divisions , surely.
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thedarkprince

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« Reply #31 on: Wednesday, February 15, 2012, 12:28:27 »

Not sure if this is correct but heard that the football creditors rule doesn't apply in Scotland.  Could have a nasty knock-on effect...
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fittons_coaching_badge

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« Reply #32 on: Wednesday, February 15, 2012, 12:33:55 »

The rule doesnt apply in Scotland therefore the biggest creditors in Rangers case are the HMRC ..... Oh dear!

I reckon the HMRC could be using it as a test case.  If they nail Rangers then there will be alot of chairmen in alot of boardrooms sitting very uncomfortably!
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thedarkprince

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« Reply #33 on: Wednesday, February 15, 2012, 17:25:39 »

The rule doesnt apply in Scotland therefore the biggest creditors in Rangers case are the HMRC ..... Oh dear!

I reckon the HMRC could be using it as a test case.  If they nail Rangers then there will be alot of chairmen in alot of boardrooms sitting very uncomfortably!

Only if they're north of the border though as we have the rule in English football.
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Power to people

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« Reply #34 on: Friday, February 17, 2012, 12:54:49 »

WTF is going on there something like £23m missing money and a lot of it has been since Whyte took over, apparently though he is eager to buy them back - so they go into admin with debts of something like £100m he buys them back clearing their debts to a minimum via a CVA - something smells rotten

I can't beleive there will be a big queue to buy them knowing they are only 1 of 2 teams in scotland it's not very competitive, they never do well in Europe to get the money from the later rounds....
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Jimmy Glass is an Alien

« Reply #35 on: Friday, February 17, 2012, 12:57:00 »

WTF is going on there something like £23m missing money and a lot of it has been since Whyte took over, apparently though he is eager to buy them back - so they go into admin with debts of something like £100m he buys them back clearing their debts to a minimum via a CVA - something smells rotten

I can't beleive there will be a big queue to buy them knowing they are only 1 of 2 teams in scotland it's not very competitive, they never do well in Europe to get the money from the later rounds....

Sounds very similar to what Ken Bates did at Leeds. Very fishy  Hmmm
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Bob's Orange
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« Reply #36 on: Friday, February 17, 2012, 13:12:07 »

Someone at lunch today (a Celtic fan so probably nonsense) that Milan Mandaric was interested in buying them.
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Jimmy Glass is an Alien

« Reply #37 on: Friday, February 17, 2012, 13:20:56 »

Someone at lunch today (a Celtic fan so probably nonsense) that Milan Mandaric was interested in buying them.

It was reported on the BBC, but since then this story has come out.

http://www.bbc.co.uk/sport/0/football/17072133
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Barry Scott

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« Reply #38 on: Friday, February 17, 2012, 14:26:17 »

The amount of clubs Mandric has been involved in seems to imply he knows how to cream a little bit off the top here and there and make a little money for himself.

Why else would he own so many different clubs, it's not like he's a supporter of several clubs or football's Robin Hood.
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alanmayes

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« Reply #39 on: Friday, February 17, 2012, 17:49:27 »

BBC Scotland's Inside Story, did an expose into the dodgy Mr Whyte last october.

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Saxondale

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« Reply #40 on: Sunday, February 19, 2012, 19:16:41 »

Apparently a pound coin was thrown on to the ibrox pitch yesterday. Police are trying to establish whether it was hooliganism or a takeover bid.
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alanmayes

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« Reply #41 on: Friday, March 30, 2012, 21:12:07 »

C4 News tonight had a special report into Rangers FC.

It was quite revealing with Offshore Trusts,tax avoidance and EBT's.

http://www.channel4.com/news/revealed-the-payments-that-may-lead-to-rangers-downfall



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"It's not delusions of grandeur sir,it's intolerance of mediocrity and minimal performances."
Ardiles

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« Reply #42 on: Friday, March 30, 2012, 21:53:30 »

Nothing illegal about EBTs, surely?  They are commonplace.
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Joycie

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« Reply #43 on: Friday, March 30, 2012, 22:16:37 »

Nothing illegal about EBTs, surely?  They are commonplace.
The guy who wrote the book on how to use them legally has said that Rangers decided to ignore his advice.
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