Milo Posted February 14, 2012 Share Posted February 14, 2012 Wow! That sounds ominous. I presume that HMRC want to prevent Whyte from having any chance of influencing the administration process. I know little about the legal side of things. Can HMRC prevent Whyte from becoming a prefered bidder for rangers after all the asset-stripping has been done? 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted February 14, 2012 Share Posted February 14, 2012 HM Revenue and Customs has lodged an application to put Rangers into administration. On Tuesday HMRC lodged the order with the Court of Session in Edinburgh calling for the court to appoint an administrator. The Court of Session confirmed to STV that the application is scheduled to be heard before a judge from midday on Tuesday. HMRC is due to make a statement on the steps of the court afterwards. The move comes after the Ibrox club had lodged its own notice of intent to appoint an administrator on Monday. The court will now have to decide whether the administrator should be appointed by Rangers or the tax authorities - with important implications for the future of the club. Rangers are currently awaiting the result of a crucial tax case with HMRC, which owner Craig Whyte has confirmed could leave the club owing up to £75m. Bloody British government . 0 Quote Link to comment Share on other sites More sharing options...
MikeyWellFan Posted February 14, 2012 Share Posted February 14, 2012 It gets funnier 0 Quote Link to comment Share on other sites More sharing options...
Jambo Stu Posted February 14, 2012 Share Posted February 14, 2012 Wow! That sounds ominous. I presume that HMRC want to prevent Whyte from having any chance of influencing the administration process. I know little about the legal side of things. Can HMRC prevent Whyte from becoming a prefered bidder for rangers after all the asset-stripping has been done? I think that it makes them the preferred creditor as opposed to Mr Whyte. 0 Quote Link to comment Share on other sites More sharing options...
Swello Posted February 14, 2012 Share Posted February 14, 2012 Very interesting if true. I suppose as much as Whyte has known all along that he would take them into Admin, HMRC must have seen that coming also - so I would imagine that there would be some planning around it already. Despite being a Motherwell fan, I'm not an Admin expert and my question is - is this move by HMRC to stop Craig Whyte appointing a "tame" administrator in a bid to retain control over what happens going forward? 0 Quote Link to comment Share on other sites More sharing options...
Hearts0Celtic4 Posted February 14, 2012 Share Posted February 14, 2012 (edited) WHAT A WEEK! Edited February 14, 2012 by Hearts0Celtic4 0 Quote Link to comment Share on other sites More sharing options...
The OP Posted February 14, 2012 Share Posted February 14, 2012 I'm actually heading to the Court of Session just now for work! What a fucking happy coincidence!! :lol: 0 Quote Link to comment Share on other sites More sharing options...
HibeeJibee Posted February 14, 2012 Share Posted February 14, 2012 Interesting news, and sorry to be a grouch, but must we have a new thread every time there's a development? -5 Quote Link to comment Share on other sites More sharing options...
TheGreenMonster Posted February 14, 2012 Share Posted February 14, 2012 I'm actually heading to the Court of Session just now for work! What a fucking happy coincidence!! :lol: See if you can get a huddle or conga started 0 Quote Link to comment Share on other sites More sharing options...
Dungolfin Posted February 14, 2012 Share Posted February 14, 2012 The fact that it's Her Majesty's Revenue and Customs just makes it funnier. God save the Queen! 0 Quote Link to comment Share on other sites More sharing options...
WaffenThinMint Posted February 14, 2012 Share Posted February 14, 2012 HM Revenue and Customs has lodged an application to put Rangers into administration. On Tuesday HMRC lodged the order with the Court of Session in Edinburgh calling for the court to appoint an administrator. The Court of Session confirmed to STV that the application is scheduled to be heard before a judge from midday on Tuesday. HMRC is due to make a statement on the steps of the court afterwards. The move comes after the Ibrox club had lodged its own notice of intent to appoint an administrator on Monday. The court will now have to decide whether the administrator should be appointed by Rangers or the tax authorities - with important implications for the future of the club. Rangers are currently awaiting the result of a crucial tax case with HMRC, which owner Craig Whyte has confirmed could leave the club owing up to £75m. If they're going down this road, apart from ensuring their preferred creditor status, it could also mean they don't trust Rangers to be open and honest in their dealings with them whilst in admin, and so want to appoint their own administrator to ensure there's no sleekit siphoning off of funds and assets aside for any new club arising from the ashes of the old, especially with Whyte's history of going through registered limited liability companies the way most people go through toilet paper. 0 Quote Link to comment Share on other sites More sharing options...
Dewsburydude Posted February 14, 2012 Share Posted February 14, 2012 I'm actually heading to the Court of Session just now for work! What a fucking happy coincidence!! :lol: I would have thought all the cleaning would have been done before the court opened! 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted February 14, 2012 Share Posted February 14, 2012 The fact that it's Her Majesty's Revenue and Customs just makes it funnier. God save the Queen! Well done ma'am and in your jubilee year as well 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted February 14, 2012 Share Posted February 14, 2012 0 Quote Link to comment Share on other sites More sharing options...
Marshmallo Posted February 14, 2012 Share Posted February 14, 2012 This could potentially be an even better development than what happened yesterday. 0 Quote Link to comment Share on other sites More sharing options...
Stu Posted February 14, 2012 Share Posted February 14, 2012 If they're going down this road, apart from ensuring their preferred creditor status, it could also mean they don't trust Rangers to be open and honest in their dealings with them whilst in admin, and so want to appoint their own administrator to ensure there's no sleekit siphoning off of funds and assets aside for any new club arising from the ashes of the old, especially with Whyte's history of going through registered limited liability companies the way most people go through toilet paper. Was about to ask if this means HMRC can choose the administrators rather than Whyte - the papers seemed to suggest he already had some guy lined up for it that he knows well. Most amusing Her Majesty is causing the people so many problems. 0 Quote Link to comment Share on other sites More sharing options...
scooterrab Posted February 14, 2012 Share Posted February 14, 2012 The fact that HMRC went to the courts today is to ensure Whyte cannot asset strip, looks ominous for the Gers, oh well, Ice-cream & Jelly anyone? -1 Quote Link to comment Share on other sites More sharing options...
Colin M Posted February 14, 2012 Share Posted February 14, 2012 Oooft. 0 Quote Link to comment Share on other sites More sharing options...
Nowhereman Posted February 14, 2012 Share Posted February 14, 2012 No. Why buy some minnow team down in England, and not say some Highland League outfit (e.g. Clachnacuddin have been in administration for years). People look at this English club and concoct all manner of conspiracy theories around it, but all are fanciful, the "gateway to EPL" one particularly. Anyway, as I've posted on another thread, Andrew Smith in today's Scotsman says he understands that if Rangers FC plc or whatever is liquidated, the "course of action" is likely to be: [1] SPL Board permits transfer of league share to a different company (i.e. Leeds Utd scenario, not Airdrieonians scenario) [2] Rangers fined "around" 15pts per season, for 3 seasons, "as punishment and deterrent" [3] Rangers unable to qualify for Europe for 3 seasons That looks pretty plausible. Leeds were never liquidated though were they, they always stayed in existence. 0 Quote Link to comment Share on other sites More sharing options...
Fife Saint Posted February 14, 2012 Share Posted February 14, 2012 Lolfuckingtastic. 0 Quote Link to comment Share on other sites More sharing options...
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