Rangers FC to go into administration

[reddgnhand]

I read here that's it's not a done deal that Rangers will be found guilty in the tax case

Key witness says Rangers can still win £50m tax case

http://www.scotsman.com/sport/football/spl/rangers_administration_key_witness_says_rangers_can_still_win_50m_tax_case_1_2125385

Some snips from the article

"Until a fortnight ago, it was widely reported that Rangers' chances of winning the tribunal were 50-50, now it is said they will lose," the source said. "Yet nothing can have changed in that intervening period, with the tribunal ending last month [18 January]

there are "myths" about how EBTs were administered when Sir David Murray owned Rangers, and that HMRC made "no headway" in convincing the three judges who will decide if these were operated in a manner that changed them from a legal tax avoidance loophole to a tax evasion scheme.

EBTs are believed to have been run by around 5,000 businesses in the UK, including football clubs south of the Border. They became illegal in December 2010 but, until then, firms had been able to exploit the tax laws to provide sums to employees without PAYE or National Insurance as long as these were in the form of discretionary, repayable loans

That's the nub of it MS, it would appear that HMRC have documentary evidence that the loans were contractual and non refundable. That being the case there may well be criminal charges in the offing once the case is settled. Quick summation of the Tax case here.

http://rangerstaxcase.com/2011/03/28/what-is-rangers-tax-case-all-about/

Would agree that blog is a fantastic read. RTC has been ahead of the game for a long time. All the stuff that has recently came out in the media was available on that blog months ago.

http://www.philmacgiollabhain.ie/

Another blog that has been excellent regarding this case.

[LondonCamanachd]

http://forum.rangersmedia.co.uk/index.php?showtopic=211521

from 4th post down, shocking stuff.

I think you're overreacting Charlie.  I mean, surely ethnic cleansing is the solution at every troubled business, right?

[guy crouchback]

things are getting worse for the rangers.  it is being reported today that whyte sold the 16 arsenal shares ranges owned.
these share were gifted to ranges in the 20's after rangers helped out arsenal financially and were considered to be very much a historic artifact.
he got £230,000 for them which he had lodged with a firm of stockbrokers he owned in England (not rangers accounts). that firm are now be investigated by the FSA and have had their assets frozen.

[Main Street]

I just knew Arsenal had a sordid history


Back to Whyte,  he made a statement yesterday, thoroughly dissected by Tom English in the Scotsman.
http://www.scotsman.com/sport/football/spl/tom_english_sorry_whyte_wash_that_is_full_of_contradictions_1_2130718

Sorry Whyte wash that is full of contradictions

a snip from the article

'From top to toe, Whyte's declaration of innocence came in at 1,507 words and in every paragraph, if not in every sentence, there are things that make your hair stand on end, things that are gob-smacking in their audacity, things that directly contradict what he has said before. In the business of the Ticketus affair he has done an about-turn that would make Sebastian Vettel's head spin, but it's worth going through this from his opening remarks, when he presents himself as a modern-day philanthropist.'

Not being au fait with Formula 1 car racing, the Seb Vettel reference took a while to sink in.

[haranguerer]

Yeah, seems to be a few sectarian bigots, who are chastised by the latecomers. Good to see Hoof Hearted there

It's the moderators on there that need to take that crap off.

Chastised because someone posts that its being spread on the internet

[AZOffaly]

Good point.

[LondonCamanachd]

Good point.

Real contrition: recognise that you've done wrong and attempting to make amends

rangers contrition: recognise you're about to get found out and try to limit the damage

btw, If I was Craig Whyte, I'd be seriously worried about my personal safety.  The rangers support must have a pretty high bampot quotient, even before we take into account armed Loyalists!

[Ulick]

'Explaining Debt To A Hun'

http://www.youtube.com/watch?v=H8x_59EjZOs

[Lecale2]

The current tax bill is £15m not the £9m they claimed! It keeps getting worse.

http://www.bbc.co.uk/news/uk-scotland-17146506

[muppet]

The current tax bill is £15m not the £9m they claimed! It keeps getting worse.

http://www.bbc.co.uk/news/uk-scotland-17146506

Don't laugh, if recent history is anything to go by you will have to bail it out while they will still get their bonuses.

[Hoof Hearted]

We have a Hoof Hearted here as well. Not sure if it's the same lad though

I've been caught out, Im a fraud ! i know f**k all about GAA ! RangerAbu 

(Cue muppet to say he knew the 2nd sentance was true a long time ago !! )

[muppet]

We have a Hoof Hearted here as well. Not sure if it's the same lad though

I've been caught out, Im a fraud ! i know f**k all about GAA ! RangerAbu 

(Cue muppet to say he knew the 2nd sentance was true a long time ago !! )

i know f**k all

This bit is true all on its own!

[Hoof Hearted]

We have a Hoof Hearted here as well. Not sure if it's the same lad though

I've been caught out, Im a fraud ! i know f**k all about GAA ! RangerAbu 

(Cue muppet to say he knew the 2nd sentance was true a long time ago !! )

i know f**k all

This bit is true all on its own!

[gerry]

Rangers ground Ibrox is to be renamed "The Inland Revenue Arena" or IRA for short. But it's only provisional."

[Main Street]

Later than a David Weir tackle.