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Big Rangers Administration/Liquidation Thread - All chat here!


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Yep - Rangers cheated. Everyone, except Rangers and their fans, understands this to be the truth of the matter.

Think about that......EVERYONE, except the guilty (surprise surprise)

In fairness, even some Rangers fans know and accept exactly what the EBT s really were.

Bennett made a post saying the beauty of the arrangement was that they got away with what was obviously a means of paying wages rather than giving loans.

It is/was in someone's signature.

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If you know, why ask?

Oh, I think he knows, alright. As do most of us who have actually attempted to join a few dots over the course of this long-running entertainment. Your statement:

So although the club got its knuckles rapped for non declaration, the loans should in principle be repayable, which might be a little bit difficult given the current circumstances of the old company. :lol:

Would suggest that you don't. Unsurprisingly, as the only concern many berrz had was over keeping their precious titles - as if they'd had any input to the haul apart from watching from the sidelines. I've left your wee smilie in there, as it looks as if you are laughing at your own ignorance.

Oh, and why would the club get its knuckles rapped? Surely it was the company getting up to the naughties? ;)

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When you willfully arrange player contracts to avoid tax liabilities (eg higher costs) so you can give them higher salaries, it means you would not have been able to afford said players in the first place. Without those players your chances of success would have been reduced.

Willfully declaring costs at a substantially lower figure than is actually true misrepresents the trading position of the organisation in a manner to attract further investment and/or funding under false pretences.

Failure to declare the dual nature of these contracts was contrary to the rules at that time.

Willful failure to comply with and adhere to the rules of a governing body or its competitions is ..... cheating.

Yep - Rangers cheated. Everyone, except Rangers and their fans, understands this to be the truth of the matter.

Think about that......EVERYONE, except the guilty (surprise surprise)

Oh they know alright.

Edited by beermonkey
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You've got a fucking cheek on you haven't you posting that discumbobulated diatribe as a response to getting yer arse posteriorally appropriate sedentary muscle handed back to you. :lol:

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Why?

If all the recipients paid back the so called loans, the creditors of Rangers 1872 would get some money back.

Just out of a matter of interest, Why didn't David Murray call in these loans when Rangers were in £30m debt and had loaned out £47m?

That's surely the central question here. Oh my, it is a mystery and a puzzle and an enigma - if Rangers were in fatal financial distress, why not call in these massive cash loans?

Answer: Because they weren't loans.

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Phil's record on predictions is a good bit less than 50-50, I'd say, but let's at least recognise that if New Rangers enter administration for the first time due to massive financial skullduggery, they are at least carrying on the traditions of the old, dead club.

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WRK or WKR? Hmmmmmmm...............

Dave J recently claimed that the WKR had mental health issues, so i just let him ramble on now.

It's really not worth arguing with him....

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Phil's record on predictions is a good bit less than 50-50, I'd say, but let's at least recognise that if New Rangers enter administration for the first time due to massive financial skullduggery, they are at least carrying on the traditions of the old, dead club.

The little Phil who cried wolf.

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If the ramblings about the loan being for PAYE are true (not saying they are) would that mean laxey partners and an easdale now have creditor status rather than HMRC so in an admin event HMRC can't veto a CVA again?

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This week, apparently. And it's administration number 1, by the way - your club has never been in administration before.

Tomorrow according to some greenyins on facebook.

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