Jump to content

RSA Meeting with Craig Whyte re:HMRC


4MenHadADream

Recommended Posts

http://www.facebook.com/permalink.php?story_fbid=212245192197518&id=200509926704378

Assembly meeting with Chairman Craig Whyte -

No scope for negotiating a settlement with HMRC due to the criticism they have had from MPs and the Media about some high-profile "deals". That means the case could take even more time to resolve as any outcome is likely to be appealed by either party.

- If the decision is adverse and the Club appeal, HMRC can still seek to enforce the decision - not clear if they would but they can start to pursue payment of the tax liability.

- He hopes "Rangers Football Club Plc" could survive any administration event but feels it would not be the end of the world if it didn't - I think he said that at our last meeting.

- There are no concerns about current cash flow and the day to day running of the Club although he acknowledges that the running costs must be reduced - again that was said at our last meeting.

- There will be comings and goings in the January transfer window - however, players need to go to ensure any new arrivals don't increase the number of players and the salary costs and it is unlikely that all income will be used to buy new players. He emphasised we need creative players and strikers. There is a list of targets but no names were mentioned.

- He is really pleased with the backing from the fans and will continue to robustly defend the fans when necessary.

The AGM will probably take place in March 2012 - the accounts are as yet unaudited - the delay is due to awaiting legal opinion on the tax case! He hopes by then to be able to give shareholders more information and be better placed to answer the questions that will inevitably be asked.

He will remain accessible to us and he offered an "open-door" to raise any key issues

Link to post
Share on other sites

  • Replies 292
  • Created
  • Last Reply

Top Posters In This Topic

If the bit about negotiations is accurate then that's disgraceful treatment of the club by HMRC. I'm struggling to think of a large business in recent memory who owed money to the taxman where a negotiation or even partial discount was not allowed. That's not to say that I agree with HMRC offering discounts and negotiations, but if that is the consistent practice and has been for years then it's a disgrace we're being treated differently. Almost feel like saying go ahead and put the club in administration just to spite the bastards and not give them a single penny.

Hopefully none of that is necessary and we beat the fuckers in the Tribunal, then laugh at them as they receive nothing from us when they potentially could have had something.

Link to post
Share on other sites

Interesting.

The AGM will probably take place in March 2012 - the accounts are as yet unaudited - the delay is due to awaiting legal opinion on the tax case!

He will remain accessible to us and he offered an "open-door" to raise any key issues

And just confirming what has already been said,

- There are no concerns about current cash flow and the day to day running of the Club although he acknowledges that the running costs must be reduced - again that was said at our last meeting.

- There will be comings and goings in the January transfer window - however, players need to go to ensure any new arrivals don't increase the number of players and the salary costs and it is unlikely that all income will be used to buy new players. He emphasised we need creative players and strikers. There is a list of targets but no names were mentioned.

Link to post
Share on other sites

Regardless of recent media and ministerial attention regarding HMRC settling with companies who supposedly owe them. Even if we take the worst case scenario of £49m, we are still a very small fry in business terms in the UK. When you consider that they were writing off figures in the billions for the likes of Vodafone then it is pretty infuriating that we are being given no opportunity for discussion.

Link to post
Share on other sites

He hopes "Rangers Football Club Plc" could survive any administration event but feels it would not be the end of the world if it didn't -

Does not sound very good and looks like he would prefer to take us into administration. :(

That bit caught me too Minstral :disappointment:

Hopefully if Bluedell aint busy he can give us a wee rundown on this

Link to post
Share on other sites

He hopes "Rangers Football Club Plc" could survive any administration event but feels it would not be the end of the world if it didn't -

Does not sound very good and looks like he would prefer to take us into administration. :(

Most folk said early doors admin would suit him best.

Link to post
Share on other sites

TBH when I heard all the high profile cases of leniency in the media I knew all that exposure couldn't have happened at a worse time for us :anguish:

Spot on, its just infuriating that huge companies like Vodafone have been let off scot-free, whilst we are relatively small change and it seems we will suffer most at the hands of this tightening up of the settlement route

Link to post
Share on other sites

Murray has got a lot to answer for.

Exactly. Regardless of people's views on Whyte he is only here because of the mess that was left behind from the Murray regime. If Whyte decides that adminstration is the best route for us, 90% of the blame should lie at Murray's door for two decades of financial mismanagement

Link to post
Share on other sites

Could it be he is preparing us for the worse case scenario.

Treated different from every one else, and being made an example is what we have been going through for years as Fans .Murray and his cronies put us in this mess,I am sure Whyte is the man to take us through this.

We as Fans must stick together, and if Administration comes then we must and will deal with it,and come back even Stronger .

I will support the Rangers till the day I die ,and I am sure they will be here when I am gone .

Follow Follow.

Link to post
Share on other sites

Many times ivecsdid this, the £49m figure being bandied about is the MAXIMUM that HMRC could charge us with but that would be highly unlikely, even taking into account the latest adverse publicity with regards to deals.

We might lose the case but I still believe that our maximum bill will be between £10-15m

Link to post
Share on other sites

Sounds to me that we could be looking at more top names than Jelavic going this transfer window. Davis? McGregor? After all which clubs would realistically be interested in our deadwood e.g. Kerkar or Healy to name but two?

It also doesn't sound like Ally is going to be given a lot of money to play with.

Very alarmed that tax case might not be resolved any time soon which means more uncertainty for the club and fans. Also makes potential business difficult.

The 'A' word seems to trip lightly from CW's tongue, and as I am nowhere near as financially articulate on this matter as others on this forum, I wonder why CW doesn't seem to hold the fears of other posters on here if we do go into administration.

I might be wrong - and indeed I hope I am - but I find very little comfort in the report as posted by the OP.

Link to post
Share on other sites

http://www.facebook.com/permalink.php?story_fbid=212245192197518&id=200509926704378

Assembly meeting with Chairman Craig Whyte -

No scope for negotiating a settlement with HMRC due to the criticism they have had from MPs and the Media about some high-profile "deals".

If this is a quote, then it's as bad an update as we could wish to see.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Upcoming Events

    No upcoming events found

×
×
  • Create New...