I've been out the country for a few days and have come back to this. I'm still playing catch up.
HMRC knew that Rangers were to be watched. If I were a member of the public with no bias to Rangers I'd be asking how the **** did it take 9 months for HMRC to notice that tax wasn't getting paid? The **** responsible needs sacked for crimes of gross stupidity.
What I understand is this:
Rangers have put themselves into administration over this £9m fee. Whyte appointed his mate as administrator. Whyte is secured creditor. HMRC tried to put Rangers into administration so that they would be top of the pile when assets were getting handed out. They failed.
If Rangers go into liquidation, HMRC will get nowhere near what is owed currently as they are so far down the pecking order that Walkers will get paid for Kris Boyd's Monster Munch debt before they will see a penny. This is pending a legal challenge? HMRC are now owed £9m plus whatever the **** the total from the EBT. If this is correct then Whyte will get first dibs on Ibrox, Murray Park etc. He will then set up a new company (under a name already registered!?), free of debt with his 'off the radar' wealth ready to bring the new club forward.
They will then apply to be readmitted to the SPL. This is guaranteed to happen given the Sky contract and the money that Rangers bring to other clubs. Rangers New Co take on exisiting contracts of players and staff.
Rangers, with no debt and with some readies in their pocket, gradually put a squad to challenge Celtic and normal service resumes.
Other option is that he gets all the assets, makes his money, gets plastic surgery and ****s off to Brazil.
It's a simplistic way of looking at things as it doesn't take into account of the Ticketus ****e and issues surrounding Europe as well as Paul Murray and his consortium.
Have I understood this correctly?
HMRC knew that Rangers were to be watched. If I were a member of the public with no bias to Rangers I'd be asking how the **** did it take 9 months for HMRC to notice that tax wasn't getting paid? The **** responsible needs sacked for crimes of gross stupidity.
What I understand is this:
Rangers have put themselves into administration over this £9m fee. Whyte appointed his mate as administrator. Whyte is secured creditor. HMRC tried to put Rangers into administration so that they would be top of the pile when assets were getting handed out. They failed.
If Rangers go into liquidation, HMRC will get nowhere near what is owed currently as they are so far down the pecking order that Walkers will get paid for Kris Boyd's Monster Munch debt before they will see a penny. This is pending a legal challenge? HMRC are now owed £9m plus whatever the **** the total from the EBT. If this is correct then Whyte will get first dibs on Ibrox, Murray Park etc. He will then set up a new company (under a name already registered!?), free of debt with his 'off the radar' wealth ready to bring the new club forward.
They will then apply to be readmitted to the SPL. This is guaranteed to happen given the Sky contract and the money that Rangers bring to other clubs. Rangers New Co take on exisiting contracts of players and staff.
Rangers, with no debt and with some readies in their pocket, gradually put a squad to challenge Celtic and normal service resumes.
Other option is that he gets all the assets, makes his money, gets plastic surgery and ****s off to Brazil.
It's a simplistic way of looking at things as it doesn't take into account of the Ticketus ****e and issues surrounding Europe as well as Paul Murray and his consortium.
Have I understood this correctly?
