NorthUistBear 86 Posted February 13, 2012 Share Posted February 13, 2012 Rangers could be going into administration... Or could this be a cunning plan by mr Craig whyte and it's rangers way of saying to the HMRC 'strike a deal or we put club into administration' ... If rangers go into administration HMRC won't get a penny! What do you think? Quote Link to post Share on other sites More sharing options...
chris013 0 Posted February 13, 2012 Share Posted February 13, 2012 If its a plan then it's brinkmanship of the highest order, who's going to blink first!!! He's playing poker with 140 yrs of history and heritage! Quote Link to post Share on other sites More sharing options...
PeterheadBear 1 Posted February 13, 2012 Share Posted February 13, 2012 Rangers could be going into administration... Or could this be a cunning plan by mr Craig whyte and it's rangers way of saying to the HMRC 'strike a deal or we put club into administration' ... If rangers go into administration HMRC won't get a penny! What do you think?And your thoughts if HMRC don't deal then we get liquidated? Still a cunning plan aye? Quote Link to post Share on other sites More sharing options...
AlCapone 7,678 Posted February 13, 2012 Share Posted February 13, 2012 Rangers could be going into administration... Or could this be a cunning plan by mr Craig whyte and it's rangers way of saying to the HMRC 'strike a deal or we put club into administration' ... If rangers go into administration HMRC won't get a penny! What do you think? Its been is plan since day one in my opinion, whos to say he wont win? Quote Link to post Share on other sites More sharing options...
NorthUistBear 86 Posted February 13, 2012 Author Share Posted February 13, 2012 And your thoughts if HMRC don't deal then we get liquidated? Still a cunning plan aye?I am not supporting it, I am just saying that this could be his plan. Doesn't mean i agree with it. Quote Link to post Share on other sites More sharing options...
SkiBunny 441 Posted February 13, 2012 Share Posted February 13, 2012 Without doubt this is the plan. I still think we'll strike a deal with HMRC and call it off within the 10 days. Quote Link to post Share on other sites More sharing options...
nvager 498 Posted February 13, 2012 Share Posted February 13, 2012 It seems very likely it is admin before the alternative of liquidation.Of the two I very much prefer admin.The blame for this lies with SDM not Whyte. Whyte may be a bit of a charlatan, but SDM was just plain mad/stupid whatever.With Whyte's business background he probably has a better chance than most of getting us the best deal going forward. This is his specialty is it not - turning around businesses that are in a mess? Quote Link to post Share on other sites More sharing options...
BlueThunder 8,454 Posted February 13, 2012 Share Posted February 13, 2012 It is becoming increasingly clear that Whyte intended to take us into administration from the get-go regardless of the HMRC case. I've a very bad feeling about where he is taking us. Amazingly there are people who think he'll miraculously strip us of debt by going into administration. and come out on the other side with loads of cash.His statements have changed since day one and I don't think he has fulfilled his promises, so today doesn't surprise me. Quote Link to post Share on other sites More sharing options...
The Monk 3,208 Posted February 13, 2012 Share Posted February 13, 2012 Without doubt this is the plan. I still think we'll strike a deal with HMRC and call it off within the 10 days.My thoughts exactly Quote Link to post Share on other sites More sharing options...
Londonderry_Bear 111 Posted February 13, 2012 Share Posted February 13, 2012 One hell of a game of poker he's playing if that is the case, although I must admit that this was one of my first thoughts too.Hope to god Mr Whyte has got this right Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted February 13, 2012 Share Posted February 13, 2012 It seems very likely it is admin before the alternative of liquidation.Of the two I very much prefer admin.The blame for this lies with SDM not Whyte. Whyte may be a bit of a charlatan, but SDM was just plain mad/stupid whatever.With Whyte's business background he probably has a better chance than most of getting us the best deal going forward. This is his specialty is it not - turning around businesses that are in a mess?It's sickening to think Rangers is part of all this. So be it, but sickening none the less. Quote Link to post Share on other sites More sharing options...
wearethepeople1 3,897 Posted February 13, 2012 Share Posted February 13, 2012 Whyte is out of his depth Plain and simple Quote Link to post Share on other sites More sharing options...
Redsox1 1,361 Posted February 13, 2012 Share Posted February 13, 2012 It seems very likely it is admin before the alternative of liquidation.Of the two I very much prefer admin.The blame for this lies with SDM not Whyte. Whyte may be a bit of a charlatan, but SDM was just plain mad/stupid whatever.With Whyte's business background he probably has a better chance than most of getting us the best deal going forward. This is his specialty is it not - turning around businesses that are in a mess?Well I think if someone comes in and gets us out the other end in a better position isn`t a charlatan but a very good chairman. I have full faith in Whyte. Onwards and upwards Quote Link to post Share on other sites More sharing options...
Scott-RFC 308 Posted February 13, 2012 Share Posted February 13, 2012 Hes done this so we arent landed with a £75m billHes trying to force HMRC to the table Quote Link to post Share on other sites More sharing options...
bluebellsareblue82 15 Posted February 13, 2012 Share Posted February 13, 2012 What the OP says i think has been obvious since day 1. The way Whyte has structured the club and its debt has been a big fuck u hmrc take what we can afford or fuck off. Whyte has now as much as said that. Quote Link to post Share on other sites More sharing options...
Blue and True 311 Posted February 13, 2012 Share Posted February 13, 2012 OK I agree that looks like the planButlets say they will deal.what the number, what can we pay20 million?15 million?They wont go lower than thatSo where do we find this money? Quote Link to post Share on other sites More sharing options...
PaulRFC1 115 Posted February 13, 2012 Share Posted February 13, 2012 He has been forced into it.He is the preferred creditor so HMRC cant come in and issue us with a winding up order. He uses this position to negotiate a deal with HMRC so there could be a chance we will not go into admin at all. Ticketus are not a preferred creditor either and im not sure on this one but it is written under one of his companies so im sure his company would take the hit for that one. If he waited then HMRC would have been the preferred creditor and we would have been fooked, we wouldnt have been able to go into admin either because as D'art said it would have been seen as tax evasion. Quote Link to post Share on other sites More sharing options...
craigyrfc11 24 Posted February 13, 2012 Share Posted February 13, 2012 Hmrc wont back down that's quite clear, If that was Whyte's plan to get them back too table by entering administration it will fail miserably we shouldn't have run out of money at this stage of season. Has got it massively wrong that's clear for everyone too see anyone with faith in this guy his deluded beyond belief. Quote Link to post Share on other sites More sharing options...
Blue and True 311 Posted February 13, 2012 Share Posted February 13, 2012 ITS NOT ABOUT US RUNNING OUT OF MONEYIts about a tax bill that when it arrives will over take Whyte as the secure creditor.Admin pre result means it cant.FFS I think thats how it works. Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted February 14, 2012 Share Posted February 14, 2012 OK I agree that looks like the planButlets say they will deal.what the number, what can we pay20 million?15 million?They wont go lower than thatSo where do we find this money?Ticketus? Quote Link to post Share on other sites More sharing options...
PaulRFC1 115 Posted February 14, 2012 Share Posted February 14, 2012 Hmrc wont back down that's quite clear, If that was Whyte's plan to get them back too table by entering administration it will fail miserably we shouldn't have run out of money at this stage of season. Has got it massively wrong that's clear for everyone too see anyone with faith in this guy his deluded beyond belief.Then they are getting fuck all.Its not about running out of money, if we had been fucked by this tax bill HMRC would have been the preferred creditor and could come in and seize our assets.He is the preferred creditor and could transfer our assets to a new company, he is forcing their hand and its basically a take it or leave it situation. Quote Link to post Share on other sites More sharing options...
bluebellsareblue82 15 Posted February 14, 2012 Share Posted February 14, 2012 OK I agree that looks like the planButlets say they will deal.what the number, what can we pay20 million?15 million?They wont go lower than thatSo where do we find this money?I would hope thetiketus money and the sale of jela have been hedged for such a bill. Quote Link to post Share on other sites More sharing options...
Thermopylae 15,287 Posted February 14, 2012 Share Posted February 14, 2012 If its a plan then it's brinkmanship of the highest order, who's going to blink first!!! He's playing poker with 140 yrs of history and heritage!Like in the movies when the hero starts the timer on the detonators ticking and the baddy always blinks first Quote Link to post Share on other sites More sharing options...
Guardian 4,281 Posted February 14, 2012 Share Posted February 14, 2012 If its a plan then it's brinkmanship of the highest order, who's going to blink first!!! He's playing poker with 140 yrs of history and heritage!It's not gambling as he probably has nothing to lose now.HMRC won't fancy another humiliating loss and are more likely to deal now and take the cash. Busting us won't get them a bean.Would you want to be the civil servant explaining to parliament why they got nothing when they were offered £15m (guesstimate)It'll be the taxman who is gambling. Quote Link to post Share on other sites More sharing options...
iain1712 336 Posted February 14, 2012 Share Posted February 14, 2012 OK I agree that looks like the planButlets say they will deal.what the number, what can we pay20 million?15 million?They wont go lower than thatSo where do we find this money?if hrmc settled for say £20m we would pay it in instalment. And also the removal of the tax case from above our heads would mean that the club could return to operating like a normal businessi.e. A normal relationship with our bankers with an overdraft facility (no bank will give rangers a line of credit while the tax case is there) the club will be a much more attractive investment for any potential new ownerIMO this is where craig whyte will then look to sell the club and make his profit having done his job of stabilising the club and minimising the damage from hrmc Quote Link to post Share on other sites More sharing options...
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