Rangers were fine, within 3 years, we'd have been "debt free". He gambled because he had no other option? What a load of ****e. He had plenty of options. He could've sold Jelavic, Naislamith, McGregor, Whittaker, David, Edu for £20m+ (potentially) and paid whoever he wanted. Stick to the bongs, baldy
What are you talking about, Russ? Whyte is to blame for the club going into Admin. He never paid £10m PAYE and VAT. He could've sold players if he inteneded to pay the bill. He didn't intend to pay the bill because he intended for the club to go into admin and emerge without debt. HMRC, knowing Whyte's track record, KB'd the CVA due to 1) His track record. 2) the EBT case. It's really that simple, Russ. When your head is not under a cloud of dope-induced schizophrenia, then the human brain is a remarkable piece of engineering from God.
I think it's you who is on drugs if you think Rangers (or it's Manager) would have accepted that to survive they would have to sell off their biggest players. I can't actually believe you are being serious.
I live in the real world, Russ. The real world where I know how these things work, I know how HMRC work, I know how IP's work, not having been sooking off the teet of the state my whole life by the grace of God. Good day, Sir
I don't think he does. No-one does. And, no blame can be attributed to the person spending the money or moaning for more money or bemoaning a perceived lack of it. It's the fault of the person who comes in after it's all been spent (when it never existed). It's too nuts for even the blindest ***** to actually believe.
No, of course I believe it. I believe it because it's true. I don't see how you can argue it any other way. If you are spending outwith your means, you can either, get more debt, cut back or sell the family jewels. Whyte gambled on more debt and hoped to emerge debt free via an insolvency process, which backfired on all of us.
The phantom tax bill !!! the last I heard Hmrc have appealed the decision , and could take up to 2 years for the result .At the moment you're guilty .
Walter disagreed with the "in 3 years" thesis. The financially astute new Gers chairman believed Rangers were debt-free when they were sold for a pound http://www.guardian.co.uk/football/2012/mar/30/walter-smith-rangers-craig-whyte Perfect guy for the job
He disagrees because he thought Rangers WERE debt free, because we ALL thought that, probably because we were debt free. Whyte had paid off Lloyds with the Ticketus money... Of course we can argue the semantics or the legal terminology of the Ticketus deal for all eternity. Smith is a Chairman in the loosest possible terms now. Much like an Italian President is the States figurehead, when we all know that the Prime Minister makes all the tough decisions.
While owing Lloyds money you bought the likes of Jelavic for 4.5m and went on to win leagues with players you clearly couldn't afford. Even if we take out Whyte's ownership and the Big Tax Case you still had a debt to Lloyd which could have been paid off if it wasn't for Murray and Walter pushing the money elsewhere.
Don't be silly Rl - the dead club was thriving and on its way back to life .... isn't that why Murray sold it for a pound? What is puzzling is why their 'God' didn't save them from big bad Mr Whyte, by striking him down, as he obviously wasn't one of the peeple.
How is it "quite clear" that we couldn't afford Jelavic. We bought him for £4m and sold him for £5m. As has already been demonstrated, we had easy £20m worth of assets in guys like Naismith, McGregor, Edu, Lafferty and Davis to name a few, which could've been used to pay down the debt HAD Whyte chosen to do so instead of gambling it all on red.
I bought a laptop at the weekend. I didnae actually pay for it, I knocked it, but there's assets in my house worth more than the laptop and I intend to sell it to some **** so I bought it, so there.
