All the developments today seem very very strange indeed. 1/. New Law regarding Tax Avoidance came into force on 6th April this year. This means that the Neco/Oldco/hybrid incubator model of Miller's is full of holes. This law allows HMRC to go after the Newco for the debt of the Oldco, assuming no CVA for Oldco is agreed, which if it were would nullify the HMRC BTC claim. This was an argument put by a guy on Clyde tonight. I certainly like many of you remember reading about the new law, but I was not sure that it had come into force. Barclays seems to have fallen foul of this law, with regard to a wing of the company which allowed overseas accounts with lower taxation. It seems this loophole has been closed. This would perhaps explain why HMRC BTC has been delayed in terms of the outcome announcement. 2/. Miller will have his Newco in place by 11th May.......................and all the assets, players included will be transferred from Oldco to Newco........Outside the Transfer Window????? Seems strange. Rangers have a game on 13th May, so technically the players will still be contracted to the Oldco. Players cannot be transferred to Newco till the transfer window opens, so the Oldco still in admin and so will be subject to points penalty for being in admin during the close season. 3/. American journo who investigated Miller over his business activities listed a series of cases against him. One he won and the other one the journo is still looking into. Hmmmmmmmmmmm. 4/. US Celtic fan looked into Millers coy and it seems that he is not worth very much as a millionaire at all.
I don't think Jesus would care much about what happens Rangers and the hell hole Ibrox. I suppose Jesus may have an interest in who is moving into Satan's old home. One thing is certain it will be continuously empty in two to three years.
