ScottBF2 3,540 Posted February 14, 2012 Share Posted February 14, 2012 lol so if our creditors take 1p on the pound, taxman could end up with about 750k max.that honestly might force them into a deal for a few mil.optimisticloyalWhyte would still offer them £200k probably Quote Link to post Share on other sites More sharing options...
ClintonGrey 365 Posted February 14, 2012 Share Posted February 14, 2012 To my understanding, HMRC will recieve whatever the 75% of creditors get for their pound.Yes, but as we only have an obligation to pay our secured creditors under Administration...It could very well mean the taxman gets nothing if CW writes the debt off as the only secured creditor. Quote Link to post Share on other sites More sharing options...
Pika_18 1 Posted February 14, 2012 Share Posted February 14, 2012 Maybe Craig Whyte does know what he's doing after all, only time will tell i suppose... Quote Link to post Share on other sites More sharing options...
boss 1,941 Posted February 14, 2012 Share Posted February 14, 2012 Good job we bought that judge a few pints in the lodge last night boss. :DLord (Duncan) Menzies. He's my uncle. Quote Link to post Share on other sites More sharing options...
ScottBF2 3,540 Posted February 14, 2012 Share Posted February 14, 2012 UpdateWe're winning the case today, and things have taken a real turn for the better.We are still the people.The Tims are still doing the nasty on the young'uns. Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted February 14, 2012 Share Posted February 14, 2012 They had no case. Deadline of 3.30pm was the best they could get out of it.HMRC are fuming and know they have lost big time. Trust me.Boss, is there any significance to your thread at the weekend and the events of this week? Quote Link to post Share on other sites More sharing options...
TravelingWilBEARy 4,319 Posted February 14, 2012 Share Posted February 14, 2012 Scott Macdonald last minute free kick?1000/1 shot so it was. I hope he didn't put money on it. Quote Link to post Share on other sites More sharing options...
Dan Deacon 55,168 Posted February 14, 2012 Share Posted February 14, 2012 Would be typical of Whyte's regime so far if we never got this done for 3.30 Although if this has been his main aim all along you can see why some other things have appeared to be dealt with so badly as they were not his main focus !!! Quote Link to post Share on other sites More sharing options...
delamonty 992 Posted February 14, 2012 Share Posted February 14, 2012 Well.... things are looking a little brighter. If guys like Boss are saying HMRC have lost big time...The Rangers have to exist. I can stomach the 10 pts since there will be an "*" beside the scum 'title' after this year. (IF they hang on).WATP. Quote Link to post Share on other sites More sharing options...
ClintonGrey 365 Posted February 14, 2012 Share Posted February 14, 2012 I know I'm asking a lot of questions but bear with me please The Tax case is now completely null and void? After today we won't hear any more about it?What are the chances of Whyte actually liquidating the club? He hasn't put any of his own money in so far, and I always assumed that was to ensure he wasn't wasting any money incase we went under.The tax case is still ongoing to determine guilt and an amount, but the general opinion seems to be against us as HMRC could appeal and appeal and appeal for decades to come. We just can't afford that uncertainty, so by going into administration the tax case means much less to us as unsecured credit. So in a way, it is no longer relevant except for demanding HMRC's participation.As to your second question, I honestly don't know, Whyte is a bit dodgy and it could be either way. ScottBF2 1 Quote Link to post Share on other sites More sharing options...
broxibear87 129 Posted February 14, 2012 Share Posted February 14, 2012 Is David Murray appearing on SSN? Quote Link to post Share on other sites More sharing options...
ScottBF2 3,540 Posted February 14, 2012 Share Posted February 14, 2012 I've been running under the assumption, through this whole saga with HMRC, that we would be surefire losers, that HMRC would have every angle covered to get themselves the best deal they could, then head after the English clubs. I honestly wasn't for a second thinking a guy from Motherwell with a haircut from Grease would outsmart them... Quote Link to post Share on other sites More sharing options...
Weird_Beard 99 Posted February 14, 2012 Share Posted February 14, 2012 Exactly, although administration is inevitable now, the Edinburgh courts decision has completely turned the tables. C'mon Craig, get the finger outWe're no better off than we were before HMRC filed to appoint there own administrator. The only thing that's changed from yesterday is that we're going into administration quicker than we expected.It's a godsend they didn't get to appoint their administrator but nothing's changed from yesterday. Quote Link to post Share on other sites More sharing options...
dan_ger 1,454 Posted February 14, 2012 Share Posted February 14, 2012 No word from SDM yet! Turnberry18 1 Quote Link to post Share on other sites More sharing options...
Mikhailichenko 90 Posted February 14, 2012 Share Posted February 14, 2012 UpdateCourt has given us till 15:30 today to appoint our own administrator otherwise the court appoints one. May be a slim chance of cutting a deal with HMRC before this deadline. Quote Link to post Share on other sites More sharing options...
ScottBF2 3,540 Posted February 14, 2012 Share Posted February 14, 2012 The tax case is still ongoing to determine guilt and an amount, but the general opinion seems to be against us as HMRC could appeal and appeal and appeal for decades to come. We just can't afford that uncertainty, so by going into administration the tax case means much less to us as unsecured credit. So in a way, it is no longer relevant except for demanding HMRC's participation.As to your second question, I honestly don't know, Whyte is a bit dodgy and it could be either way.I suppose the only thing we can do is be optimistic... Cheers Clint Quote Link to post Share on other sites More sharing options...
ClintonGrey 365 Posted February 14, 2012 Share Posted February 14, 2012 I've been running under the assumption, through this whole saga with HMRC, that we would be surefire losers, that HMRC would have every angle covered to get themselves the best deal they could, then head after the English clubs. I honestly wasn't for a second thinking a guy from Motherwell with a haircut from Grease would outsmart them...HMRC are always pretty confident about their cases, but rarely win them. See: Harry Redknapp. Quote Link to post Share on other sites More sharing options...
boss 1,941 Posted February 14, 2012 Share Posted February 14, 2012 Boss, is there any significance to your thread at the weekend and the events of this week?I think there is money there to fund the Administration process, if that's your question. Quote Link to post Share on other sites More sharing options...
Mikhailichenko 90 Posted February 14, 2012 Share Posted February 14, 2012 I've been running under the assumption, through this whole saga with HMRC, that we would be surefire losers, that HMRC would have every angle covered to get themselves the best deal they could, then head after the English clubs. I honestly wasn't for a second thinking a guy from Motherwell with a haircut from Grease would outsmart them...He hasn't, yet Quote Link to post Share on other sites More sharing options...
Blue and True 311 Posted February 14, 2012 Share Posted February 14, 2012 all this talk about who get how much etcwhere does any of this money come from?Players,,,, no transfer windowCash,,,, aye rightSell other stuff... That worries me.StadiumThe training park (note new name)Some houses around GlasgowCan they make us sell all that? Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted February 14, 2012 Share Posted February 14, 2012 No word from SDM yet!What has he got to say? I personally think he has nothing to say about Rangers anymore. Quote Link to post Share on other sites More sharing options...
Weird_Beard 99 Posted February 14, 2012 Share Posted February 14, 2012 I think there is money there to fund the Administration process, if that's your question. Or money there after the administration process? That would be better. Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted February 14, 2012 Share Posted February 14, 2012 I think there is money there to fund the Administration process, if that's your question. You guessed me right. Thank you. Quote Link to post Share on other sites More sharing options...
ClintonGrey 365 Posted February 14, 2012 Share Posted February 14, 2012 He hasn't, yet By reducing HMRC to unsecured creditors he has given himself pocket aces all in, to use yet another poker analogy.He has control of the situation now and HMRC must be fucking raging. Quote Link to post Share on other sites More sharing options...
Crespie6 334 Posted February 14, 2012 Share Posted February 14, 2012 If we DO get hit with a big bill (which i dont think will happen) there is no way we will be asked to pay the interest - every case the HMRC has, they end up negotiating and give this up. still would leave us with a large bill, but the 75m and 49m stuff is just preparing us for the worst so we will be ok when it turns out to be 15m or something like that. and it looks to me more likely that CW did this admin move as a pre-emptive move.end of the day, i'm with all the people on here claiming for unity. Even if you are not a CW fan, think about it - he is holding the cards that our club are playing. We HAVE to support him. we're only hurting ourselves if we dont. my thoughts (hope?) are that he knows exactly what he is doing and will get us through this. to quote from Churchill 'I am an optimist. It does not seem too much use being anything else' 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.