The Gas Man 190 Posted February 14, 2012 Share Posted February 14, 2012 I didn't know anything about him before and still don't know anything since he took over. His dealings in the past which we are reading about more or less daily are incredibly dodgy. Not releasing the audited accounts. Getting found out that he was a former banned director. His partner, Andrew Ellis is shady. He made false promises when he took over regarding signings. The list goes on and on and on. If I was to go on instinct I would say he is a charlatan Quote Link to post Share on other sites More sharing options...
Blue and True 311 Posted February 14, 2012 Share Posted February 14, 2012 I was never sure but gave him the benefitAfter today I feel rather stupid for ever giving him the time of day.Im looking at the situationwe have been pretty solvent making a small profit while managing a large bank debt.No Europe meant a 10 million black holeso we take 18 million from ticketus or so we are toldso we are 8 million in surpluswe sell Jelly 5.5 millwe are now at a 13.5 million surplus.Tax of 9 million not paid22.5 million surplus.Now do any of us think the admin man will find this money.Nor meso what are we to pay the creditors withwe need to get 75% by value on side to come out of admin or face liquidationnow as 90% of our dept is to the tax man the above statement means himHow little is he going to accept?this can almost never be solved without a white-knight or fn liquidation.unless you know better thats how I see it, and it angers me to the core. Quote Link to post Share on other sites More sharing options...
PeterheadBear 1 Posted February 14, 2012 Share Posted February 14, 2012 No, but that 49 to 75m looming over the club are not his fault. Also, if it was just 9m, we couldve handle that pretty well, i think. Unfortunately, its a lot worse than that. And i think he made a good decision for the club today. Time will tell if he was right or not, but the fact is, we are in administration now and we have no other choise but to trust the man and hope he knows what hes doing.Sweet christ, have you not listened to the events of today?We are in administration as we can't afford to pay the £9mill. This is nothing to do any big tax bill we might get hit with. Quote Link to post Share on other sites More sharing options...
D'Artagnan 13,319 Posted February 14, 2012 Share Posted February 14, 2012 Sweet christ, have you not listened to the events of today?We are in administration as we can't afford to pay the £9mill. This is nothing to do any big tax bill we might get hit with.Thats wrong PB. The fact we are in administration means HRMC wont get the amount the are seeking. Quote Link to post Share on other sites More sharing options...
Zappa6995 3,693 Posted February 14, 2012 Share Posted February 14, 2012 Ive changed my mindI didn't like him from the startTonight I like him even less.This 9 million thing is nothing short of a disgrace Quote Link to post Share on other sites More sharing options...
GMac 1,405 Posted February 14, 2012 Share Posted February 14, 2012 Its a fuckin minefield. With the EBT thing we could at least claim ignorance. I know HMRC, and when it comes to VAT or Employers tax and NIC they will pursue you til the end of time because it is tax that has already been paid for by customers or employees. I've known of cases where people are due to pay VAT but are also due tax refunds because they have suffered CIS deductions, but the contractor hasn't paid the CIS deductions over to HMRC. HMRC will still pursue the VAT because it has already been paid for by the consumer. Decent people go bust and lose their businesses because of this. Quote Link to post Share on other sites More sharing options...
Blue and True 311 Posted February 14, 2012 Share Posted February 14, 2012 Darthow much are they seeking? Quote Link to post Share on other sites More sharing options...
2daludaludalu 390 Posted February 14, 2012 Share Posted February 14, 2012 I'm so scunnered by all this I'm just in the mood for getting a hold of one of those cougars from that cougar life site at the bottom of the page and shagging her senseless. Quote Link to post Share on other sites More sharing options...
PeterheadBear 1 Posted February 14, 2012 Share Posted February 14, 2012 Thats wrong PB. The fact we are in administration means HRMC wont get the amount the are seeking.No it's not wrong at all.We are in administration today as we can't afford to pay the £9mill required to bring our tax affairs up to date. The big tax case is an entirely seperate entity to what has caused todays events. Quote Link to post Share on other sites More sharing options...
OneDavidCooper 2,505 Posted February 14, 2012 Share Posted February 14, 2012 I don't, and never have, trusted any business man.They are invariably cnuts Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted February 14, 2012 Share Posted February 14, 2012 Thats wrong PB. The fact we are in administration means HRMC wont get the amount the are seeking.Its NOT WRONG. Its 100% spot on. We are in administration because we cannot pay our current bills. It has nothing to do with the Big Tax case where no bill has crystalised yet. Quote Link to post Share on other sites More sharing options...
Davy 68 Posted February 14, 2012 Share Posted February 14, 2012 Please tell me people aren't making up their mind about Whyte based on what Murray said? Remember who got us in this mess... Quote Link to post Share on other sites More sharing options...
trueblue68 2,497 Posted February 14, 2012 Share Posted February 14, 2012 This has changed my mind. Quote Link to post Share on other sites More sharing options...
glasgowbear 1 Posted February 14, 2012 Share Posted February 14, 2012 No it's not wrong at all.We are in administration today as we can't afford to pay the £9mill required to bring our tax affairs up to date. The big tax case is an entirely seperate entity to what has caused todays events.Not totally, the 9m bill obviously contributes to the ongoing problems however the main reason for administration is because the club is running at a loss, and has done in every month of the 9 months Whyte has been in charge. Quote Link to post Share on other sites More sharing options...
Rab_Rangers 38 Posted February 14, 2012 Share Posted February 14, 2012 Don't trust the guy at all Quote Link to post Share on other sites More sharing options...
foghorn leghorn 608 Posted February 14, 2012 Share Posted February 14, 2012 I got -ve reps for saying -ve things about CW and now look whats happened.Every company he was involved with went into administration.I was allways dubious as to where he was going to get cash from to run the club.He never paid tax bills on time and that allways means extra charges. Quote Link to post Share on other sites More sharing options...
King_gazza 1,065 Posted February 14, 2012 Share Posted February 14, 2012 I was never sure but gave him the benefitAfter today I feel rather stupid for ever giving him the time of day.Im looking at the situationwe have been pretty solvent making a small profit while managing a large bank debt.No Europe meant a 10 million black holeso we take 18 million from ticketus or so we are toldso we are 8 million in surpluswe sell Jelly 5.5 millwe are now at a 13.5 million surplus.Tax of 9 million not paid22.5 million surplus.Now do any of us think the admin man will find this money.Nor meso what are we to pay the creditors withwe need to get 75% by value on side to come out of admin or face liquidationnow as 90% of our dept is to the tax man the above statement means himHow little is he going to accept?this can almost never be solved without a white-knight or fn liquidation.unless you know better thats how I see it, and it angers me to the core.LucyBlue,is that you? Quote Link to post Share on other sites More sharing options...
GMac 1,405 Posted February 14, 2012 Share Posted February 14, 2012 Please tell me people aren't making up their mind about Whyte based on what Murray said? Remember who got us in this mess...But its the difference between being eaten in half by a shark and being eaten whole. We can't trust anyone. Quote Link to post Share on other sites More sharing options...
PeterheadBear 1 Posted February 14, 2012 Share Posted February 14, 2012 Not totally, the 9m bill obviously contributes to the ongoing problems however the main reason for administration is because the club is running at a loss, and has done in every month of the 9 months Whyte has been in charge.Quite, given that he's only been in charge for 9 months, he's been losing (or should I say, HMRC have been losing) £1mill in tax alone.Given that the coffers were swelled by the ticketus money and the Jelavic money recently it's intriguing hat we can no longer meet our liabilities eh? Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted February 14, 2012 Share Posted February 14, 2012 Not totally, the 9m bill obviously contributes to the ongoing problems however the main reason for administration is because the club is running at a loss, and has done in every month of the 9 months Whyte has been in charge.Thats wrong as well. Or rather i should say, it had better be wrong for Mr Whytes sake. Its impossible to run at a loss every month from May Quote Link to post Share on other sites More sharing options...
D'Artagnan 13,319 Posted February 14, 2012 Share Posted February 14, 2012 No it's not wrong at all.We are in administration today as we can't afford to pay the £9mill required to bring our tax affairs up to date. The big tax case is an entirely seperate entity to what has caused todays events.Yes it is - being in administration protects from future creditors demands. Boss will be able to clarify that - much of the rest of it is beyond me - 75% rule & all that.Thats why he has taken us down this road. Quote Link to post Share on other sites More sharing options...
Blue and True 311 Posted February 14, 2012 Share Posted February 14, 2012 has he done his sums?if we owe the tax man 25% or less of our total debt could we get out of this? Quote Link to post Share on other sites More sharing options...
PeterheadBear 1 Posted February 14, 2012 Share Posted February 14, 2012 Yes it is - being in administration protects from future creditors demands. Boss will be able to clarify that - much of the rest of it is beyond me - 75% rule & all that.Thats why he has taken us down this road.You can't just choose to go into administration. We are in administration as we can't meet our liabilities as they stand today.You can't opt into administration to cover yourself for some unknown potential liability in the future. Quote Link to post Share on other sites More sharing options...
D'Artagnan 13,319 Posted February 14, 2012 Share Posted February 14, 2012 has he done his sums?if we owe the tax man 25% or less of our total debt could we get out of this?Really dont know B & T.Our right to appoint our own creditors was a big victory - but when the full details came out it raised even more questions.But amidst all this to and froing are small businesses who have continued to support the club through thick and thin to keep us ticking over, many of them I suspect because they are run by bears, who will have to settle for far less than they are due. Quote Link to post Share on other sites More sharing options...
D'Artagnan 13,319 Posted February 14, 2012 Share Posted February 14, 2012 You can't just choose to go into administration. We are in administration as we can't meet our liabilities as they stand today.You can't opt into administration to cover yourself for some unknown potential liability in the future.Yes but we initiated an intention to go there - thats what yesterday was all about. Quote Link to post Share on other sites More sharing options...
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