KeepBelieving1872 64 Posted February 6, 2012 Share Posted February 6, 2012 I apologise if people think there are numerous similar threads....Anyway I have resisted criticising Craig Whyte since he bought the club as I don't think we know what his tactics are and don't think he really can tell us just now.In terms of the tax case does it not seem like he is protecting our assets from creditors should we have to go into administration?Season Ticket Money for next 3 years - mortgaged offCatering Receipts - has this not been mortgaged off in some way?Merchandising - JJB deal obviouslyNow should we go into administration perhaps he would be in position to convince HMRC to accept some sort of deal? Perhaps he could offer them around £18m, the debt he committed to writing off after the tax case was resolved. This would involve him finding the cash to pay HMRC but if he could afford to write it off then hopefully he could source it and just not write off the amount due back to him by Rangers.It's not like HMRC could keep Rangers in administration and soak up the season ticket sales if they have been mortgaged off. Selling assets like the stadium would leave the club homeless unless leased back and would they really obtain that much for it to make it more worthwhile than coming to agreement with Whyte? Again we don't have many players that would bring in much cash in a fire sale.IMO he must have a plan but if it's similar to above he can't really talk about it openly as it would harm his positioning in any future negotiations. I'm just speculating and wondering what other people's thoughts are? Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 6, 2012 Share Posted February 6, 2012 its only a portion of season books. Quote Link to post Share on other sites More sharing options...
Mr Struth 137 Posted February 6, 2012 Share Posted February 6, 2012 It's a third of it. Not the full amount. Quote Link to post Share on other sites More sharing options...
KeepBelieving1872 64 Posted February 6, 2012 Author Share Posted February 6, 2012 its only a portion of season books.Maybe if it was clear that after the first portion, money would simply be going straight to HMRC then season ticket sales would drop significantly? They might then be forced to accept a deal from Whyte... Quote Link to post Share on other sites More sharing options...
Davy 73 31 Posted February 6, 2012 Share Posted February 6, 2012 i dont care how much it is,we need to know where the cash has went,whyte is a shifty wee man,dont beleive all the propaganda Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,925 Posted February 6, 2012 Share Posted February 6, 2012 its only a portion of season books.i wish the admin would this in big fuck off bold writing on every single fucking pagenearly every single person on here (cept a few) seems to believe that whyte has mortgaged off nearly 160000 season books Quote Link to post Share on other sites More sharing options...
Londonderry_Bear 111 Posted February 6, 2012 Share Posted February 6, 2012 I apologise if people think there are numerous similar threads....Anyway I have resisted criticising Craig Whyte since he bought the club as I don't think we know what his tactics are and don't think he really can tell us just now.In terms of the tax case does it not seem like he is protecting our assets from creditors should we have to go into administration?Season Ticket Money for next 3 years - mortgaged offCatering Receipts - has this not been mortgaged off in some way?Merchandising - JJB deal obviouslyNow should we go into administration perhaps he would be in position to convince HMRC to accept some sort of deal? Perhaps he could offer them around £18m, the debt he committed to writing off after the tax case was resolved. This would involve him finding the cash to pay HMRC but if he could afford to write it off then hopefully he could source it and just not write off the amount due back to him by Rangers.It's not like HMRC could keep Rangers in administration and soak up the season ticket sales if they have been mortgaged off. Selling assets like the stadium would leave the club homeless unless leased back and would they really obtain that much for it to make it more worthwhile than coming to agreement with Whyte? Again we don't have many players that would bring in much cash in a fire sale.IMO he must have a plan but if it's similar to above he can't really talk about it openly as it would harm his positioning in any future negotiations. I'm just speculating and wondering what other people's thoughts are?Have we not had numerous posts showing Ticketus' business plan only allows them to take tickets for events 2 years in the future? Therefore it can only be 2012/13 & 2013/14 money? Quote Link to post Share on other sites More sharing options...
KeepBelieving1872 64 Posted February 6, 2012 Author Share Posted February 6, 2012 i dont care how much it is,we need to know where the cash has went,whyte is a shifty wee man,dont beleive all the propagandaYeah I know what you mean but I'm just hoping he has his reasons in order to protect Rangers' future Quote Link to post Share on other sites More sharing options...
KeepBelieving1872 64 Posted February 6, 2012 Author Share Posted February 6, 2012 Have we not had numerous posts showing Ticketus' business plan only allows them to take tickets for events 2 years in the future? Therefore it can only be 2012/13 & 2013/14 money?Ok, i thought I had read Whyte saying 3 years. Must have imagined it. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 6, 2012 Share Posted February 6, 2012 i wish the admin would this in big fuck off bold writing on every single fucking pagenearly every single person on here (cept a few) seems to believe that whyte has mortgaged off nearly 160000 season booksits disappointing. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 6, 2012 Share Posted February 6, 2012 the 3 years thing is a bit misleading from whyte as well. it runs from 2011 to 2015. Quote Link to post Share on other sites More sharing options...
Davy 73 31 Posted February 6, 2012 Share Posted February 6, 2012 Yeah I know what you mean but I'm just hoping he has his reasons in order to protect Rangers' futurethe only thing guys like whyte are out to protect are their own bank accounts,,not aiming this at you buddy but we all need to wake up to this guy,why the fuck is andrew elliss in there now as well,he is a fuckin property developer and as shifty as fuck too Quote Link to post Share on other sites More sharing options...
KeepBelieving1872 64 Posted February 6, 2012 Author Share Posted February 6, 2012 i wish the admin would this in big fuck off bold writing on every single fucking pagenearly every single person on here (cept a few) seems to believe that whyte has mortgaged off nearly 160000 season booksI never said it was 100% but if fans were to know what the money would be used for and sales looked likely to half then HMRC's hand might be forced.It's only a portion if season ticket sales hold up at current levels. Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,925 Posted February 6, 2012 Share Posted February 6, 2012 I never said it was 100% but if fans were to know what the money would be used for and sales looked likely to half then HMRC's hand might be forced.It's only a portion if season ticket sales hold up at current levels.have you actually worked it out20mill over 3 seasons is between 10-15k season books at mostnot even administration would drop the levels to that low Quote Link to post Share on other sites More sharing options...
KeepBelieving1872 64 Posted February 6, 2012 Author Share Posted February 6, 2012 the only thing guys like whyte are out to protect are their own bank accounts,,not aiming this at you buddy but we all need to wake up to this guy,why the fuck is andrew elliss in there now as well,he is a fuckin property developer and as shifty as fuck tooI suppose we'll find out everyone's motives this year at least, fed up waiting tbh Quote Link to post Share on other sites More sharing options...
KeepBelieving1872 64 Posted February 6, 2012 Author Share Posted February 6, 2012 have you actually worked it out20mill over 3 seasons is between 10-15k season books at mostnot even administration would drop the levels to that lowI agree they wouldn't drop that low but it would reduce HMRC share and maybe force their hand to accept xpence in the pound. ie less pence in the pound that they might otherwise accept and therefore Whyte has maybe improved the deal that Rangers get down the line. Quote Link to post Share on other sites More sharing options...
Thermopylae 15,287 Posted February 6, 2012 Share Posted February 6, 2012 It's a third of it. Not the full amount.When you say a third is it a third of whatever the sales are in each of the 3 years or a third of what they are just now because unfortunately the 2 figures may be very different Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted February 6, 2012 Share Posted February 6, 2012 the 3 years thing is a bit misleading from whyte as well. it runs from 2011 to 2015.Whatever the true number is, it's still another few quid which will be added to the £10m black hole which he has said already exists. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 6, 2012 Share Posted February 6, 2012 Whatever the true number is, it's still another few quid which will be added to the £10m black hole which he has said already exists.we will be ok he's puting in 5 million a year himself. Quote Link to post Share on other sites More sharing options...
OlegKuznetsov 10,816 Posted February 6, 2012 Share Posted February 6, 2012 i dont care how much it is,we need to know where the cash has went,whyte is a shifty wee man,dont beleive all the propagandaIt's at Bill's house. Quote Link to post Share on other sites More sharing options...
bluepeter 5,627 Posted February 7, 2012 Share Posted February 7, 2012 the only thing guys like whyte are out to protect are their own bank accounts,,not aiming this at you buddy but we all need to wake up to this guy,why the fuck is andrew elliss in there now as well,he is a fuckin property developer and as shifty as fuck tooSo what are your thoughts, how is Whyte planning to increase his bank account without Rangers dong well out of it? Quote Link to post Share on other sites More sharing options...
DarcheVinny 1,003 Posted February 7, 2012 Share Posted February 7, 2012 the only thing guys like whyte are out to protect are their own bank accounts,,not aiming this at you buddy but we all need to wake up to this guy,why the fuck is andrew elliss in there now as well,he is a fuckin property developer and as shifty as fuck tooCraig Whyte will make a huge amount of money from the sale of RFC, but only when he has successfully turned the business right around. Quote Link to post Share on other sites More sharing options...
Londonderry_Bear 111 Posted February 7, 2012 Share Posted February 7, 2012 the 3 years thing is a bit misleading from whyte as well. it runs from 2011 to 2015.Bloody typical, why are these things never clear (in best Jack sparrow accent) Quote Link to post Share on other sites More sharing options...
Davy 73 31 Posted February 7, 2012 Share Posted February 7, 2012 So what are your thoughts, how is Whyte planning to increase his bank account without Rangers dong well out of it?How are rangers going to do well out this mate,the shyte knight is running up tic all over the shop,its when you are about to be made bankrupt you are as well to run up debt all over the shop as you never pay it back anyway,where do you suggest the £24 million is that he borrowed,??? Quote Link to post Share on other sites More sharing options...
krissg910 110 Posted February 7, 2012 Share Posted February 7, 2012 the only way whyte can possibly make money off rangers is by turning the club around and selling for alot more than his original 20mil investment.so if hes in it for money, he needs to turn our club around. i believe mr whyte has numerous plans to achieve this and i personally wouldnt let anyone know they plans as then hmrc could develope a strategy to combat them.the less hmrc know about mr whytes plans the better it is for everyone.aslong as the tax bill is no more than 15mil(if we lose) then i expect us to survive without admin. if it is any more than that amount then i think we will struggle to avoid adminastration. Quote Link to post Share on other sites More sharing options...
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