Polo 1,433 Posted February 5, 2011 Share Posted February 5, 2011 Thanks for that. You've been a great help. True. Link to post Share on other sites More sharing options...
sandymcm 25 Posted February 5, 2011 Share Posted February 5, 2011 This was taken from the Record.CRAIG WHYTE is in line to complete his £33million takeover of Rangers next month as he inches closer to striking a deal on tax.Record Sport understands the venture capitalist has all but completed due diligence and is happy to take on the club's £27million debt.Sources also insist a deal is in the pipeline that would see any tax liability from recent years covered by Murray International Holdings and Lloyds Bank.The Ibrox club are at the centre of a probe by HM Revenue and Customs over controversial employee remuneration trusts.They could face a reported potential tax bill of £24m for paying players via offshore trusts, effectively doubling the debt announced in the club's recent financial figures.The case against Rangers was due to be heard at the end of last year but it has been postponed until the summer at the earliest, with a ruling not expected until towards the end of 2011.Whyte was concerned about the timescale and its impact on his plans but a deal is in the offing with MIH and their bank to absorb any possible liabilities that arise.Lloyds Bank, for their part, understand a buyer for the club is unlikely to come forward while the tax issue remains unresolved.That has left Whyte free to focus on the nuts and bolts of his takeover and he is confident of gaining control by the middle of next month.He has pledged £5m a season for the next five years for players and will name Ally McCoist as Gers' boss in the summer when he ends Murray's 23-year association with the club. Link to post Share on other sites More sharing options...
Ibroxblue 122 Posted February 5, 2011 Share Posted February 5, 2011 CRAIG WHYTE is in line to complete his £33million takeover of Rangers next month as he inches closer to striking a deal on tax.Record Sport understands the venture capitalist has all but completed due diligence and is happy to take on the club's £27million debt.Sources also insist a deal is in the pipeline that would see any tax liability from recent years covered by Murray International Holdings and Lloyds Bank.The Ibrox club are at the centre of a probe by HM Revenue and Customs over controversial employee remuneration trusts.They could face a reported potential tax bill of £24m for paying players via offshore trusts, effectively doubling the debt announced in the club's recent financial figures.The case against Rangers was due to be heard at the end of last year but it has been postponed until the summer at the earliest, with a ruling not expected until towards the end of 2011.Whyte was concerned about the timescale and its impact on his plans but a deal is in the offing with MIH and their bank to absorb any possible liabilities that arise.Lloyds Bank, for their part, understand a buyer for the club is unlikely to come forward while the tax issue remains unresolved.That has left Whyte free to focus on the nuts and bolts of his takeover and he is confident of gaining control by the middle of next month.He has pledged £5m a season for the next five years for players and will name Ally McCoist as Gers' boss in the summer when he ends Murray's 23-year association with the club.http://www.<No links to this website>/football/spl/2011/02/05/craig-whyte-nears-takeover-of-rangers-as-deal-looks-to-be-struck-over-tax-issue-86908-22900338/ Link to post Share on other sites More sharing options...
gordo7 147 Posted February 5, 2011 Share Posted February 5, 2011 This could be good news, but I'm going to wait till it's announced by Rangers before I celebrate. Link to post Share on other sites More sharing options...
RANGERST1LLADIE 33 Posted February 5, 2011 Share Posted February 5, 2011 A won't get to excited just yet. We've heard stories like this time and time again. Link to post Share on other sites More sharing options...
MikeBlue 136 Posted February 5, 2011 Share Posted February 5, 2011 So we're not 190M in debt after all then? Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 5, 2011 Share Posted February 5, 2011 i see mass suicides in the slums of glasgow if this is true oh and one murder in ireland. Link to post Share on other sites More sharing options...
Coplandbear11 1,087 Posted February 5, 2011 Share Posted February 5, 2011 Here's hoping but we've been here before Link to post Share on other sites More sharing options...
Govan Front Antz 15 Posted February 5, 2011 Share Posted February 5, 2011 I try not to get excited but it always happens.Just wish it would happen, so we can move on Link to post Share on other sites More sharing options...
blueben_d 40 Posted February 5, 2011 Share Posted February 5, 2011 Won't happen, we owe 8billion dollars and we will be in administration next week and liquidated by summer Link to post Share on other sites More sharing options...
ballingrybear 2 Posted February 5, 2011 Share Posted February 5, 2011 i just wait and see been hear before Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 5, 2011 Share Posted February 5, 2011 given that traynor was saying this would die a slow death just 2 days ago. something has clearly changed. Link to post Share on other sites More sharing options...
PaulRFC1 115 Posted February 5, 2011 Share Posted February 5, 2011 Link to post Share on other sites More sharing options...
Adoniram 1,919 Posted February 5, 2011 Share Posted February 5, 2011 And the deal will edge closer to completion funnily enough around the same time the Season Tickets are up for renewal.Cynical....moi? Link to post Share on other sites More sharing options...
Bothwellbear 1,392 Posted February 5, 2011 Share Posted February 5, 2011 we will wait and see. Link to post Share on other sites More sharing options...
RFC55 108,665 Posted February 5, 2011 Share Posted February 5, 2011 Mcgobblegiver in telling lies shocker, deary deary me. The people who had soiled their pants worrying about mcgobblegivers doomsday scenario :lol:Darryl King is another bear who really needs to give himself a shake. Im actually disgusted by him more than the gobblegiver Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted February 5, 2011 Share Posted February 5, 2011 Bastard - I was ready to put a deposit down on a luxury flat built on the centre circle. Link to post Share on other sites More sharing options...
blue beret 29 Posted February 5, 2011 Share Posted February 5, 2011 call me and young cynic but is it not near season book renewal time Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted February 5, 2011 Share Posted February 5, 2011 call me and young cynic but is it not near season book renewal time Naw Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 5, 2011 Share Posted February 5, 2011 Mcgobblegiver in telling lies shocker, deary deary me. The people who had soiled their pants worrying about mcgobblegivers doomsday scenario :lol:Darryl King is another bear who really needs to give himself a shake. Im actually disgusted by him more than the gobblegiveryou see this is the trouble. what king said is we were unsellable while this tax issue hangs over us. this just confirms that and yet your having a go at him based on this. Link to post Share on other sites More sharing options...
diesel0412 1 Posted February 5, 2011 Share Posted February 5, 2011 Bastard - I was ready to put a deposit down on a luxury flat built on the centre circle.i was gawny ask if u needed a flat mate anaw,looks like i will be slumming it wi aw the rest o they scummy bassas Link to post Share on other sites More sharing options...
RFC55 108,665 Posted February 5, 2011 Share Posted February 5, 2011 you see this is the trouble. what king said is we were unsellable while this tax issue hangs over us. this just confirms that and yet your having a go at him based on this.He enjoys his time in the spotlight, he is an attention seeking cunt. Imo no bear would ever take the day a title is won to start a doomsday report. I am still angry and bitter at him for this. He may have said we were unsellable due to the tax but it was alluded to by AJ that MIH were not only investigating the tax issue with lawyers but also ready to shoulder the burden of any tax issue. He went along with gobblegivers wee speil the other day and once again anyone siding with a deranged maniac with a daughter who has emotional issues is obviously just as bad.We had 2 6+ page debates thanks to these two mentioned clowns and people were taking it as gospel. DK is way down in my estimations now and I still believe the person feeding him his info was trying to get the club at bargain basement price. But fuck it im ranting and i do not know if the takeover is a goer or not, but the tax issue will not effect us the way these 2 seem to think Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 5, 2011 Share Posted February 5, 2011 He enjoys his time in the spotlight, he is an attention seeking cunt. Imo no bear would ever take the day a title is won to start a doomsday report. I am still angry and bitter at him for this. He may have said we were unsellable due to the tax but it was alluded to by AJ that MIH were not only investigating the tax issue with lawyers but also ready to shoulder the burden of any tax issue. He went along with gobblegivers wee speil the other day and once again anyone siding with a deranged maniac with a daughter who has emotional issues is obviously just as bad.We had 2 6+ page debates thanks to these two mentioned clowns and people were taking it as gospel. DK is way down in my estimations now and I still believe the person feeding him his info was trying to get the club at bargain basement price. But fuck it im ranting and i do not know if the takeover is a goer or not, but the tax issue will not effect us the way these 2 seem to thinkit seems that it is very much affecting us the way darell king thinks. your right about the other king feeding him info. i am sure of that. Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted February 5, 2011 Share Posted February 5, 2011 Once again, the Daily Record is held up as a paragon of journalistic excellence - when the story suits!They are taking a punt, and selling extra copies as a result. Link to post Share on other sites More sharing options...
Right_To_Censor 1,951 Posted February 5, 2011 Share Posted February 5, 2011 i bet phillas is sitting there with his heed in his hands. Link to post Share on other sites More sharing options...
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