Sobatai

Is BarL wheelchair friendly?

My own opinion is that the underlying financial problems at Rangers are obviously the fault of Murray and handing over the club to Whyte was a shameful act, but that Rangers FC plc is now destined for liquidation is entirely the fault of Whyte not paying NI contributions and PAYE.

Really? Here is the chain of posts: I don't think my understanding of your implication was far wrong.

By the time it comes to liquidation there won't be any assets of value left ... they'll all have been flogged (to Charles Green's SevCo) by the administrator before the liquidator takes over.

Your post seemed to suggest that a rival bidder to Green could now come forward, but that is not the case. It's game over. The obese female has sung. Charles Green's SevCo will purchase the assets of Rangers FC plc for £5.5 million.

You've upset him ... he's walking off. Or has he been racially abused?

Charles Green has a legally binding agreement to purchase the assets ... any attempt to usurp that and you're open to all manner of litigation.

Greece are shit, but if it's all the same to you I'd rather fuck the Czech Republic's greatest ever export ... Ms Silvia Saint.

What a gigantic, ginormous festering pile of poo Samaras is.

It's a done deal. Charles Green's SevCo will takeover the assets of Rangers FC plc for £5.5 million and no one will do anything about. HMRC won't, as they've made clear.

Uninterestingly, MBNA is where Aston Villa owner Randy Lerner's fortune comes from ... his father was the driving force behind MBNA.

Well, it allows a liquidator appointed at the behest of HMRC and presumably backed by the full resources of HMRC to investigate the running of Rangers and undertake any legal action deemed necessary. So, I'm guessing the the Collyer Bristow-Rangers FC Group litigation will carry on under the auspices of the liquidator. And that is probably just the start.

In terms that matter for a new Rangers, yes. I imagine that it will rumble on as part of the liquidation investigation.

No one is off the hook and I would imagine that certain people will be a bit worried now. A liquidator chosen by HMRC will now conduct the liquidation of Rangers FC plc ... there will be fuck all left to liquidate after the sale of assets to SevCo, which will just leave the liquidator to investigate the circumstances that brought Rangers so low. Send not to seek for whom the bell tolls.

That goes through and it appears that HMRC will make no effort to block it. However, the crucial thing is that the "old company" will now be liquidated by a company chosen by HMRC. Part of the remit of a liquidator is to investigate the circumstances behind the need for liquidation. I would think that certain people will be very worried by this development.

I think it'll be more to do with criminal charges than trying to get money.

I'm English and I wish Tyldesley and Townsend would shut the fuck up. Can't stand Townsend.

Malouda is a festering pile of poo.

I think I read somewhere on here that Duff and Phelps are taking steps to remove his directorship.

And Rangers would need grounds to sue HMRC. Personally, I don't think the FTT will go definitively against HMRC, but neither to I think it will go against Rangers. I think it'll be a hybrid, with Rangers losing out on a number of instances.

Might not get costs and HMRC could launch appeal after appeal after appeal. Since Duff and Phelps seems to have run up huge legal costs (circa £2 million in four months) during the relatively short administration period how big a legal bill would be built up if HMRC decide to fight their corner to the bitter end? Remember, HMRC has virtually unlimited resources with which to play with.

I think it was to do with additional monies for creditors if the club reached the Premier League in a given time frame ... I think Bates extended the time frame from five to ten years and fiddled about with a couple of figures. Anyway, the CVA collapsed and the whole process started again, with everyone having to make new offers. Bates was selected again, but it was too late for the new season. The Football League accepted Leeds without a CVA having gone through, but gave an additional fifteen point penalty. Then, as is their wont, HMRC dropped their challenge and accepted the original CVA. HMRC likes to play games. And they don't like being pushed around.

I know he was born in Scotland, but he's been in South Africa long enough for this to apply:

HMRC challenged the Leeds United CVA minutes before the end of the twenty-eight day "cooling off period", although that was as a result of Ken Bates altering one of the clauses.

I would. For one thing, the cost would be astronomical and HMRC could drag it out forever and a day.