or if you lose the btc about 0.5p in the pound. great day for ally and the big hoose hun yesterday, the pasty tax is finished
It's up to Ticketus. If they accept along with the rest of the Creditors, then HMRC's protestations are null and void.
Did I read correctly that Green is buying Rangers by loaning them £8.5m? Sounds like a good, solid plan
We know that if a CVA is to be agreed, then 75% of the Creditors are needed for it to happen. If the creditors pot is £55m, and HMRC make up £12m then that's less than 25%. For the record, I don't think a CVA will happen, but we live in hope.
I know, it's fkin bullshit. FFS - I could buy Rangers they way these ****s operate. It's all becoming clear to me, Whyte, D&P, Green, Ellis all in cahoots, this has been the plan all along, Get Rangers, lose the debts, sell in 5 years for ££££'s.
Interesting article on a Scots political website on this. This is their take on the 100 million valuation.
T is right - as an asset it only realises ANY value in a football context also HMRC do have to look at what their best return is going forward - long term no rangers means less for the taxman - folks seem to be forgetting that future earnings can be taken into account by admins when determining how best to dispose of the club and assets example - billy's pie shop is owed £500.00 - now billy could say "i dont want 10p in the pound - wind it up and ill get slightly more", but what does that do to billy's future business model? he may be down 40000 pie sales each fortnight that said - gren is clearly trying to floof you - i dont think duff and phelps are though
yeah but by those figures edge HMRC are owed 14.4 m thus 26% of all monies owed - this meaning they can block a CVA
Gie us our 40 grand ya ****s Slater Menswear , Glasgow £688.31 Couldnae even pay for Walter's cardigans
A quote from the proposal 2.1 ".....it requires the approval of 75% or more in value of the creditors ,and more than 50% in value of the members,voting on the resolution. Does this mean its not just up to Ticketus and HMRC for a yes vote?
I found the loan idea strange Rangers are currently running at £400k a loss per month if you increase the expenditure by taking on a £8.5m loan your now running at over £500k a month loss. Rangers will be worse off than under Whyte and they failed to trade successfully under Whyte. There is no real way to increase income and Murray Park and Ibrox a bound to be used to fund this increasing lease costs also. We already know that Green plans to use part ownership in acquiring players from the guy that walked after the appeal failed so another revenue stream is reduced. I think Rangers fans should pray the CVA is rejected and the assets are bought by someone else otherwise you will be at such a disadvantaged trading position compared to Celtic you will not compete consistently (although refs could even things up here <harrysmiley>). All pure guesswork.
