the system was already in place before whyte took over. just ignore that fact though and give traynor his massive scoop
Was that entire story not reported about 6 months ago anyway? I thought that **** Phil Mac had it on his blog since before this season started.
NO it's Jim's scoop! did you hear those pricks wetting their pants on clyde last night because old trainer had told them he had a bigger scoop than the tax case? pathetic
Whyte has said he agreed this (although previously he denied that) BEFORE he bought the club??? So basically he used money from Rangers future earnings to buy the club and pay the debt? So basically he didnt pay the debt? So basically for the next 3 or 4 years Rangers have no primary income - season tickets representing the majority of the clubs income? The money has run out already. How does the club intend to run itself????
http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/4098362/Russians-in-7m-Hooper-swoop.html looks like celtic are losing hooper and stokes aswell. damn these exclusives!
CRAIG WHYTE sold off four years of fans' money to help fund his Rangers buy-out, it was revealed last night. And Record Sport can also reveal high-ranking HMRC officials are investigating alleged non-payment of VAT since Whyte gained control of the club last May. Current director Dave King and former board member Paul Murray have been quizzed by the tax authorities as part of their enquiry which has revealed £24.4million has been borrowed against future season-tickets sales. Tranches of tickets over four seasons have been sold to Ticketus, a London-based group linked to Octopus, and it's claimed this deal helped finance Whyte's operating costs after the takeover. Whyte himself last night confirmed he had sold off the tickets but denied he used the money to pay off Lloyds Bank. He insisted the £18m for the bank came from one of his companies. When Whyte took over Rangers' debt was £18m to Lloyds Bank and their wage bill had been reduced to £14m but it is believed the club could owe much more than that. It's thought the current debt is £21m to Ticketus plus £5m VAT on the ticket deal. But there could be other bills due and of course Rangers are awaiting the final verdict on their £49m EBT (Employee Benefit Trust) tax case. Last night Whyte insisted the Ticketus deal was normal practice for clubs and his spokesman said: "The suggestion that the Rangers takeover was funded through financing arrangements on season tickets is categorically untrue. "Rangers FC is no different in that it has a working capital facility with Ticketus, as have many, many other clubs. It is a common arrangement in football. This facility was in place at Ibrox long before the takeover." The EBT ruling is due within weeks and if Rangers lose they will be facing financial meltdown. Their debt could then be in the £75m region with liquidation a stark reality. But many now fear Rangers could be tipped over the abyss and into some kind of insolvency even before their Judgment Day over the tax case.
'erra tickets....two fera poun' RTC had this months ago...but its not the "story" that interests me....its who is telling it Whyte is losing protection from the media, his scheming is being revealed and I for one am gutted... ...when rangers fans take their "**** you Timmy" glasses off they might pay attention and do something to rescue their club It might be too late anyway as Whyte owns most of the assets....not rangers
Trevor what do you expect from Celtic callers to Radio Clyde ?? Sympathy !! Your club has been found out at last , the media yes the media protected you for 20 years with Murray lies and now it's pay back time and hopefully sfa step in and take these tainted titles off you , then Celtic can sue for lost revenue , The champions league money we've been denied
Get a grip Harry. I'm all for a good rant but at least put some reality into it. As a fellow Celtic fan you're making the rest of us look like paranoid dicks by association.
Harry is a weird old **** who took too much acid in the 60s. EVERY single post he makes I completely disregard immediatley, he make me laugh though
I am not talking as a fan , I am talking from being a shareholder, we've been denied serious revenue over the years through Rangers mis doings
Harry,if you think that's going to happen you are seriously deluded. As plenty of people have pointed out if Rangers go bust it will be bad for Celtic and the rest of Scottish football.
Harry it won't happen But apparantly Hibs are leading the relegation shout for rangers....while surprisingly celtic arent
Aye, so you are. Celtic have been "denied serious revenue" over the years by failure to win the league and beat teams like Artmedia and Braga. Blaming Rangers for our own failures is ****ing pathetic and nothing short of embarrassing. End of story.
Catch a grip its far too remote and pointless for starters But even more importantly - how do you intend to sue someone with no money???
But when a Rangers team that got to the same final a couple of years before beat us it's only because they cheated? You're as bad as Medro; only seeing things from one side. In your eyes Rangers = Bad, Celtic = Good. In my eyes Rangers = Football Club and rivals of my team, Celtic = Football Club and the team I support.
