PaulRFC1 115 Posted February 14, 2012 Share Posted February 14, 2012 Whyte said we had money on SSN ? Really ?Im sure our creditors will be interested in that one if we file for administration. You couldnt make some of this shit up ? Dont trust me on this.I will try and find the interview but it wasnt as blunt as that. Quote Link to post Share on other sites More sharing options...
PaulRFC1 115 Posted February 14, 2012 Share Posted February 14, 2012 Oh, i would bet you did. I said there is no way we go into administration? I have said there is no way we will cease to exist and I stick by that but I cant remember that. Quote Link to post Share on other sites More sharing options...
PaulRFC1 115 Posted February 14, 2012 Share Posted February 14, 2012 Whyte said we had money on SSN ? Really ?Im sure our creditors will be interested in that one if we file for administration. You couldnt make some of this shit up ? Not true.I watched the interview and it was about him investing, he said he is willing to invest withing reason. Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,975 Posted February 14, 2012 Share Posted February 14, 2012 If we go into administration in the next 10 days then the only reason we have is that we DONT HAVE ENOUGH MONEY to pay our CURRENT AND EXISTING BILLS this month. That means you can FORGET all about the Big Tax Case as its not even in play at this stage so the smoke and mirrors tactic of making everyone think its about that is just rubbish.its funny how the club lodge their administration papers right after orangeburn's thread here http://forum.rangersmedia.co.uk/index.php?showtopic=210506i wonder just how badly the case has been set up by HMRC, for them to turn round and say that they will appeal, appeal, appeal until the cows come home must mean they believed that the case was going against themobviously HMRC never stated their intentions to appeal everytime they lose, back when the club changed owners everyone thought it may be a one time appeal, whyte seemed confident of winning and coming through unscathedbut knowing now that HMRC will continually put a noose round the clubs neck no matter how favourable the outcome is to us must have been a massive kick in the ballsjust think, if it wasnt whyte as secured creditor it would be Lloyds, they wouldnt have thought twice about winding us up after getting their money Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted February 14, 2012 Share Posted February 14, 2012 its funny how the club lodge their administration papers right after orangeburn's thread here http://forum.rangersmedia.co.uk/index.php?showtopic=210506i wonder just how badly the case has been set up by HMRC, for them to turn round and say that they will appeal, appeal, appeal until the cows come home must mean they believed that the case was going against themobviously HMRC never stated their intentions to appeal everytime they lose, back when the club changed owners everyone thought it may be a one time appeal, whyte seemed confident of winning and coming through unscathedbut knowing now that HMRC will continually put a noose round the clubs neck no matter how favourable the outcome is to us must have been a massive kick in the ballsjust think, if it wasnt whyte as secured creditor it would be Lloyds, they wouldnt have thought twice about winding us up after getting their moneyHave HMRC actually made any public statements about appeals, or is it just stuff coming from Whyte's mouth? Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted February 14, 2012 Share Posted February 14, 2012 its funny how the club lodge their administration papers right after orangeburn's thread here http://forum.rangersmedia.co.uk/index.php?showtopic=210506i wonder just how badly the case has been set up by HMRC, for them to turn round and say that they will appeal, appeal, appeal until the cows come home must mean they believed that the case was going against themobviously HMRC never stated their intentions to appeal everytime they lose, back when the club changed owners everyone thought it may be a one time appeal, whyte seemed confident of winning and coming through unscathedbut knowing now that HMRC will continually put a noose round the clubs neck no matter how favourable the outcome is to us must have been a massive kick in the ballsjust think, if it wasnt whyte as secured creditor it would be Lloyds, they wouldnt have thought twice about winding us up after getting their moneyAgain though Jim, i have to stress that the situation we face today is before HMRC bill has been confirmed. We are in a position HERE AND NOW where we cannot afford to meet our liabilities at the end of this month. Nothing to do with the tax bill AT ALL.Its smoke, mirrors, red herring, foggy mist, wool over the eyes, spin from Whyte. Why cant we afford to pay our bills 9 months after he took over the club? What has changed in 9 months that means the well is dry ? Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted February 14, 2012 Share Posted February 14, 2012 Not true.I watched the interview and it was about him investing, he said he is willing to invest withing reason.Where have we heard that before? Quote Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted February 14, 2012 Share Posted February 14, 2012 Have HMRC actually made any public statements about appeals, or is it just stuff coming from Whyte's mouth?If we win the tax case we are still going into administration.....it suits whyte and has always been his plan.I want him to explain the other four plans that failed. Quote Link to post Share on other sites More sharing options...
kp501 6 Posted February 14, 2012 Share Posted February 14, 2012 scenario 1 . If we are found guilty then we would go into administration. HMRC are not a secured creditor so they will get very little or nothing at all. Whyte is the secured part of the deal and he`ll get most of his money back I`d say.Scenario 2 . We win the tax case were still shafted as nobody will invest in us or give us bank loans with appeals pending and that could take years.Whyte is getting the Deal done one way or another and its totally up to HMRC if they play or not. If after wasting £8M on the harry redknap case then then lost out on say £10M ( just a guess) from Rangers due to them not wanting to do a deal I don`t think the Government will be to happy with them . bottom line is were not in administration yet . It will only be HMRC refusing to do a deal with us that will put us there. I just wish whyte had done it earlier.In Whyte I trustSurely doing it earlier could have meant players being sold in January? Quote Link to post Share on other sites More sharing options...
kp501 6 Posted February 14, 2012 Share Posted February 14, 2012 Again though Jim, i have to stress that the situation we face today is before HMRC bill has been confirmed. We are in a position HERE AND NOW where we cannot afford to meet our liabilities at the end of this month. Nothing to do with the tax bill AT ALL.Its smoke, mirrors, red herring, foggy mist, wool over the eyes, spin from Whyte. Why cant we afford to pay our bills 9 months after he took over the club? What has changed in 9 months that means the well is dry ?Will the accounts show us exactly what's being going on IF they ever surface? Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted February 14, 2012 Share Posted February 14, 2012 If we win the tax case we are still going into administration.....it suits whyte and has always been his plan.I want him to explain the other four plans that failed.Those other plans are hush-hush. Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted February 14, 2012 Share Posted February 14, 2012 I know what you're saying Thermo, but it shouldn't stop posters voicing their anger, or asking hard questions.And his alternative is Murray?Brilliant Quote Link to post Share on other sites More sharing options...
minnbear 30 Posted February 14, 2012 Share Posted February 14, 2012 If we win the tax case we are still going into administration.....it suits whyte and has always been his plan.I want him to explain the other four plans that failed.If he's the man with the plan, I want to know how many successes he's had in these "takeover ventures" ?We're having to put a lot of faith in a man with no recorded victories to date. Quote Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted February 14, 2012 Share Posted February 14, 2012 If he's the man with the plan, I want to know how many successes he's had in these "takeover ventures" ?We're having to put a lot of faith in a man with no recorded victories to date.Whyte has made money off the back of failing businesses and others miseries by perfectly legal means, he also seems to have strayed very near o , or crossed, the line into questionable businesses practices.Do we trust he s looking out for us here, tht s the key thing Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted February 14, 2012 Share Posted February 14, 2012 Again though Jim, i have to stress that the situation we face today is before HMRC bill has been confirmed. We are in a position HERE AND NOW where we cannot afford to meet our liabilities at the end of this month. Nothing to do with the tax bill AT ALL.Its smoke, mirrors, red herring, foggy mist, wool over the eyes, spin from Whyte. Why cant we afford to pay our bills 9 months after he took over the club? What has changed in 9 months that means the well is dry ?Who said we can't pay our bills at the end of the month? Quote Link to post Share on other sites More sharing options...
minnbear 30 Posted February 14, 2012 Share Posted February 14, 2012 Who said we can't pay our bills at the end of the month?Can you go into admin if you have money to pay your bills ? Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted February 14, 2012 Share Posted February 14, 2012 Can you go into admin if you have money to pay your bills ?Dunno but here's what the statement says"arrangements between the Club, suppliers and creditors will continue as normal" Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted February 14, 2012 Share Posted February 14, 2012 Will the accounts show us exactly what's being going on IF they ever surface?I don't think so no. The accounts are to 30th June 2011 and I don't think there will be enough in there to identify what's what. Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted February 14, 2012 Share Posted February 14, 2012 And his alternative is Murray?BrilliantStill sleep walking. Read what I said again. Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted February 14, 2012 Share Posted February 14, 2012 Who said we can't pay our bills at the end of the month?Do you think we can say. "look guys, I know we have got plenty of money in the bank but we need to reduce our debt so can you take 10p in the £ and that will help us out? " Quote Link to post Share on other sites More sharing options...
welcomethechase 0 Posted February 14, 2012 Share Posted February 14, 2012 I just wonder if this has always been the plan. Whyte is now in his own area of expertise and this may be the whole clandestine scheme hatched between him and Murray? Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 14, 2012 Share Posted February 14, 2012 Messenger not working - ok as simple as I can (lifted from elsewhere)Right the company who have been appointed administrators - CW was seen with David Grier from the company in May.This is a bear speaking to a mate who is a lawyer & works in adminsitration cases."Having just read the David greir thread I passed this on to him and he said " textbook pre pack by the sounds of it. More than likely a carve up about to happen leaving hmrc with a case against a company that no longer exists. Rangers transfer the assets to new company and start afresh just like USC done last year. Highly unethical and will bd challenged one day in court but still completely legal."David grier is Donald muirs best mate and was involved in the take over. this is very likely. Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted February 14, 2012 Share Posted February 14, 2012 Do you think we can say. "look guys, I know we have got plenty of money in the bank but we need to reduce our debt so can you take 10p in the £ and that will help us out? "You stated as Fact that we couldn't pay our bills at the end of the month.You repeated it several times and even put it in BOLDCan you back that up? Quote Link to post Share on other sites More sharing options...
corkinator 611 Posted February 14, 2012 Share Posted February 14, 2012 Does it need the backing of 75% of the creditors(by value) to allow it to go through?no craig whyte is the prefered creditor, basically as I believe it if he says 1p in the pound the rest have to follow suit. Quote Link to post Share on other sites More sharing options...
Weird_Beard 99 Posted February 14, 2012 Share Posted February 14, 2012 no craig whyte is the prefered creditor, basically as I believe it if he says 1p in the pound the rest have to follow suit.I don't think that is the case. For CW to be able to say 1p in the pound he would need for the unsecured creditors to accept a CVA. 75% of the creditors in value would need to agree to the CVA. So if we lost the tax case this would be unlikely unless HMRC are willing to acccept the penny in the pound.That's the way I've been reading. Quote Link to post Share on other sites More sharing options...
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