rangersxfc 265 Posted September 14, 2011 Share Posted September 14, 2011 http://www.rangers.co.uk/articles/20110914/craig-whyte-statement-_2254024_2451121STATEMENT issued by Craig Whyte, chairman of Rangers FC, on behalf of the board of directors of Rangers FC:"On behalf of the board of directors at Rangers I believe it is right and proper today to inform our supporters of the true financial position of the club in the wake of the recent publicity, much of it generated with the sole intention of damaging this great football club."First, the board would like to make it absolutely clear that, at Ibrox, it is business as usual. The club is trading normally and has a strong balance sheet."The board finds it reprehensible that the law courts have been used in recent days to suggest the club is on the brink of insolvency. It is not."At the Court of Session yesterday during a hearing instigated by the former chief executive , Martin Bain, and his lawyers, the Judge, Lord Hodge, confirmed what has been already reported - that the club will face potentially serious consequences should the HMRC tax tribunal find against the club and recommend the imposition of an unmanageable liability."I discussed this very issue with journalists on Monday. At this point the club's advice from tax advisors has been that the club has a good chance of succeeding in the tribunal but it would be wholly irresponsible not to consider the potential consequences for the club should the decision be made against us."No-one can say with 100% certainty at this stage what the outcome will be - that is why there is a tribunal. I can say categorically that we will be fighting the club's case most vigorously."We at the club note that during yesterday's legal proceedings there was no mention of the fact that this potential liability from HMRC, came to the fore on the watch of the previous regime."As chairman, I find it breath-taking that the former chief executive, who was in post when this issue emerged, has now sought fit to seek legal protection from its potential consequences."Much was made in court yesterday of the club's dispute with the legal firm, Levy & McRae yet no mention was made of the fact the club had raised a complaint with the Scottish Legal Complaints Commission with regard to a potential conflict of interest."Levy & McRae had acted for Rangers FC on many occasions and the club felt it was inappropriate for them to subsequently act against the club on behalf of the former chief executive. That matter is now with the Law Society of Scotland."As I explained publicly earlier this week, Rangers FC faces challenging times ahead - as do many football clubs."The current costs of the club against existing and potential revenue streams make it imperative the club operates within its means. There can be very few businesses today that are not taking this outlook on life."This club has a great history and a great future - but we will have to work hard to achieve it. It is a great privilege to be the Chairman of Rangers Football Club and I will do everything I can to ensure our team and supporters enjoy continuing success in the future."The focus of all of us with Rangers at heart is this weekend's Old Firm game and I'm sure I speak for every Rangers fan in wishing Ally McCoist and the team the very best for Sunday." Quote Link to post Share on other sites More sharing options...
Senna 735 Posted September 14, 2011 Share Posted September 14, 2011 STATEMENT issued by Craig Whyte, chairman of Rangers FC, on behalf of the board of directors of Rangers FC:"On behalf of the board of directors at Rangers I believe it is right and proper today to inform our supporters of the true financial position of the club in the wake of the recent publicity, much of it generated with the sole intention of damaging this great football club."First, the board would like to make it absolutely clear that, at Ibrox, it is business as usual. The club is trading normally and has a strong balance sheet."The board finds it reprehensible that the law courts have been used in recent days to suggest the club is on the brink of insolvency. It is not."At the Court of Session yesterday during a hearing instigated by the former chief executive , Martin Bain, and his lawyers, the Judge, Lord Hodge, confirmed what has been already reported - that the club will face potentially serious consequences should the HMRC tax tribunal find against the club and recommend the imposition of an unmanageable liability."I discussed this very issue with journalists on Monday. At this point the club's advice from tax advisors has been that the club has a good chance of succeeding in the tribunal but it would be wholly irresponsible not to consider the potential consequences for the club should the decision be made against us."No-one can say with 100% certainty at this stage what the outcome will be - that is why there is a tribunal. I can say categorically that we will be fighting the club's case most vigorously."We at the club note that during yesterday's legal proceedings there was no mention of the fact that this potential liability from HMRC, came to the fore on the watch of the previous regime."As chairman, I find it breath-taking that the former chief executive, who was in post when this issue emerged, has now sought fit to seek legal protection from its potential consequences."Much was made in court yesterday of the club's dispute with the legal firm, Levy & McRae yet no mention was made of the fact the club had raised a complaint with the Scottish Legal Complaints Commission with regard to a potential conflict of interest."Levy & McRae had acted for Rangers FC on many occasions and the club felt it was inappropriate for them to subsequently act against the club on behalf of the former chief executive. That matter is now with the Law Society of Scotland."As I explained publicly earlier this week, Rangers FC faces challenging times ahead - as do many football clubs."The current costs of the club against existing and potential revenue streams make it imperative the club operates within its means. There can be very few businesses today that are not taking this outlook on life."This club has a great history and a great future - but we will have to work hard to achieve it. It is a great privilege to be the Chairman of Rangers Football Club and I will do everything I can to ensure our team and supporters enjoy continuing success in the future."The focus of all of us with Rangers at heart is this weekend's Old Firm game and I'm sure I speak for every Rangers fan in wishing Ally McCoist and the team the very best for Sunday."http://www.rangers.co.uk/articles/20110914/craig-whyte-statement-_2254024_2451121Good statement imo. Won't please everyone though. Quote Link to post Share on other sites More sharing options...
delamonty 992 Posted September 14, 2011 Share Posted September 14, 2011 Well said Mr. Whyte. Clearly, there's a helluva lot more to everything than we know.Not sure what else he can offer at the moment. We will just have to have faith that he and his team will get all of this sorted.Thanks for posting Quote Link to post Share on other sites More sharing options...
Senna 735 Posted September 14, 2011 Share Posted September 14, 2011 Beaten to it. Merge. Quote Link to post Share on other sites More sharing options...
Leeds_Bear 8,166 Posted September 14, 2011 Share Posted September 14, 2011 http://www.rangers.co.uk/articles/20110914/craig-whyte-statement-_2254024_2451121STATEMENT issued by Craig Whyte, chairman of Rangers FC, on behalf of the board of directors of Rangers FC:"On behalf of the board of directors at Rangers I believe it is right and proper today to inform our supporters of the true financial position of the club in the wake of the recent publicity, much of it generated with the sole intention of damaging this great football club."First, the board would like to make it absolutely clear that, at Ibrox, it is business as usual. The club is trading normally and has a strong balance sheet."The board finds it reprehensible that the law courts have been used in recent days to suggest the club is on the brink of insolvency. It is not."At the Court of Session yesterday during a hearing instigated by the former chief executive , Martin Bain, and his lawyers, the Judge, Lord Hodge, confirmed what has been already reported - that the club will face potentially serious consequences should the HMRC tax tribunal find against the club and recommend the imposition of an unmanageable liability."I discussed this very issue with journalists on Monday. At this point the club's advice from tax advisors has been that the club has a good chance of succeeding in the tribunal but it would be wholly irresponsible not to consider the potential consequences for the club should the decision be made against us."No-one can say with 100% certainty at this stage what the outcome will be - that is why there is a tribunal. I can say categorically that we will be fighting the club's case most vigorously."We at the club note that during yesterday's legal proceedings there was no mention of the fact that this potential liability from HMRC, came to the fore on the watch of the previous regime."As chairman, I find it breath-taking that the former chief executive, who was in post when this issue emerged, has now sought fit to seek legal protection from its potential consequences."Much was made in court yesterday of the club's dispute with the legal firm, Levy & McRae yet no mention was made of the fact the club had raised a complaint with the Scottish Legal Complaints Commission with regard to a potential conflict of interest."Levy & McRae had acted for Rangers FC on many occasions and the club felt it was inappropriate for them to subsequently act against the club on behalf of the former chief executive. That matter is now with the Law Society of Scotland."As I explained publicly earlier this week, Rangers FC faces challenging times ahead - as do many football clubs."The current costs of the club against existing and potential revenue streams make it imperative the club operates within its means. There can be very few businesses today that are not taking this outlook on life."This club has a great history and a great future - but we will have to work hard to achieve it. It is a great privilege to be the Chairman of Rangers Football Club and I will do everything I can to ensure our team and supporters enjoy continuing success in the future."The focus of all of us with Rangers at heart is this weekend's Old Firm game and I'm sure I speak for every Rangers fan in wishing Ally McCoist and the team the very best for Sunday."BOOM! Take that Bain you shit! Quote Link to post Share on other sites More sharing options...
Gazzalivesforever 2,001 Posted September 14, 2011 Share Posted September 14, 2011 Lots of people on here will pick flaws in that statement and spin it in to a negative. I wonder who's up first? Quote Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted September 14, 2011 Share Posted September 14, 2011 He should have binned the interviews and stuck to that statement. concise and to the point.....He is not an engaging figure and won't dicdate to the press the way Sir David did, this is far better stuff from him though Quote Link to post Share on other sites More sharing options...
boss 1,941 Posted September 14, 2011 Share Posted September 14, 2011 BOOM! Take that Bain you shit!gunslinger will still defend Bain's legal rights!Good statement by Whyte. Quote Link to post Share on other sites More sharing options...
Sicknote 26 Posted September 14, 2011 Share Posted September 14, 2011 Your right, won't please everyone. Been reading all the concerns raised by fans on this site over the last 48hrs and that statement answered none of them. Quote Link to post Share on other sites More sharing options...
rangersxfc 265 Posted September 14, 2011 Author Share Posted September 14, 2011 Lots of people on here will pick flaws in that statement and spin it in to a negative. I wonder who's up first?how can they its 100% facts Quote Link to post Share on other sites More sharing options...
ChampionsAgain 1,373 Posted September 14, 2011 Share Posted September 14, 2011 Fantastic statement. Always liked Whyte , he is trying to get us stable and thats all ive ever asked for. Quote Link to post Share on other sites More sharing options...
minstral 5,375 Posted September 14, 2011 Share Posted September 14, 2011 That will do for me, and he is correct that people are trying to harm our club and would like nothing better than our club to go bust. Quote Link to post Share on other sites More sharing options...
Senna 735 Posted September 14, 2011 Share Posted September 14, 2011 Good statement, but won't please/placate the usual suspects any. Quote Link to post Share on other sites More sharing options...
pessimistic_pete 2 Posted September 14, 2011 Share Posted September 14, 2011 very good statement. fuck bain. Quote Link to post Share on other sites More sharing options...
WVB 2,560 Posted September 14, 2011 Share Posted September 14, 2011 But what if we lose the tax case?I still say its time for wholesale negativity and panicking. Quote Link to post Share on other sites More sharing options...
pessimistic_pete 2 Posted September 14, 2011 Share Posted September 14, 2011 very good statement Quote Link to post Share on other sites More sharing options...
krissg910 110 Posted September 14, 2011 Share Posted September 14, 2011 Your right, won't please everyone. Been reading all the concerns raised by fans on this site over the last 48hrs and that statement answered none of them.to me he is saying the club is fine financially atm, however if the big tax case goes against our club then things could get really difficult. which is wholly acceptable as no club outside the top 4 lges in europe could easily cope with a bill which could be as high as 50million if some are to be believed.as for the tax case it sounds as if it is a 50/50 case and no1 knows how it will go, therefore taking measures incase the worst outcome happens is only sensible.i am satisfied with that statement and i am willing to believe our chairman and not all the scaremongerers who dnt know what is going on. Quote Link to post Share on other sites More sharing options...
HarryH 15 Posted September 14, 2011 Share Posted September 14, 2011 Exactly what was needed. Well done Mr Whyte! Quote Link to post Share on other sites More sharing options...
TravelingWilBEARy 4,319 Posted September 14, 2011 Share Posted September 14, 2011 Encouraging stuff. Quote Link to post Share on other sites More sharing options...
delamonty 992 Posted September 14, 2011 Share Posted September 14, 2011 He did bring up the complaint to the Law Society which explains the slowness of payment to the lawyers? Quote Link to post Share on other sites More sharing options...
Polo 1,439 Posted September 14, 2011 Share Posted September 14, 2011 Good, clear, sensible statement. Quote Link to post Share on other sites More sharing options...
Leeds_Bear 8,166 Posted September 14, 2011 Share Posted September 14, 2011 gunslinger will still defend Bain's legal rights!Good statement by Whyte.Very good statement. Still should have come out and told us most of this at the start. But a good statement none the less. Quote Link to post Share on other sites More sharing options...
WVB 2,560 Posted September 14, 2011 Share Posted September 14, 2011 Encouraging stuff.Sarcastic cunt. Quote Link to post Share on other sites More sharing options...
Sicknote 26 Posted September 14, 2011 Share Posted September 14, 2011 to me he is saying the club is fine financially atm, however if the big tax case goes against our club then things could get really difficult. which is wholly acceptable as no club outside the top 4 lges in europe could easily cope with a bill which could be as high as 50million if some are to be believed.as for the tax case it sounds as if it is a 50/50 case and no1 knows how it will go, therefore taking measures incase the worst outcome happens is only sensible.i am satisfied with that statement and i am willing to believe our chairman and not all the scaremongerers who dnt know what is going on.What he's saying, IMO, is that he's scared to face the fans and their questions!!! Quote Link to post Share on other sites More sharing options...
Senna 735 Posted September 14, 2011 Share Posted September 14, 2011 Sarcastic cunt.You're on form the day big man. Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.