StudsLonniegan 9 Posted February 16, 2012 Share Posted February 16, 2012 The currant and their sources. http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/4133009/Craig-Whyte-knows-the-Rangers-fans-have-turned.html#ixzz1mV1FJ3cI Quote Link to post Share on other sites More sharing options...
D'Artagnan 13,319 Posted February 16, 2012 Share Posted February 16, 2012 No surprise there. Is it just me or are all the pieces falling into place ? Quote Link to post Share on other sites More sharing options...
TheBluebells 6,898 Posted February 16, 2012 Share Posted February 16, 2012 No surprise there. Is it just me or are all the pieces falling into place ?For what scenario?Sorry if it's obvious but my heads fried after reading here the last few days Quote Link to post Share on other sites More sharing options...
King_gazza 1,065 Posted February 16, 2012 Share Posted February 16, 2012 Can someone post the article? Quote Link to post Share on other sites More sharing options...
RossRFC1 40 Posted February 16, 2012 Share Posted February 16, 2012 CRAIG WHYTE woke up yesterday morning and knew the price he will have to pay for being the man who took Rangers into administration.After 48 of the darkest hours in the Ibrox club's 140-year history, Whyte realises deep down that his reign as Gers chairman is OVER.SunSport can reveal that even if he manages to haul the stricken champions out of administration before the deadline for making European football on March 31, Whyte fears his standing with the fans who once lauded him has been irreparably damaged.He will never clasp a trophy for the cameras again, never raise a title flag in front of the adoring Govan faithful.Even if the nightmare route he has taken Rangers down proves to be the road to recovery, Whyte will fade into the shadows at Ibrox.Last night a trusted source in the Whyte camp told SunSport: "Craig still expects to be in control of Rangers when the club comes out of administration."But whether he can be chairman or not? He sees himself as being more low-profile."The publicity side doesn't sit well with him and he will be more low key."He believes the feeling is his regime CAN come back if the club is debt free and Rangers move onwards."But he does not desire to have a high-profile role in the future."Yesterday both Sky Sports and BBC broadcast that 40-year-old venture capitalist Whyte had fled the scene of Gers' demise and bolted for his home in Monaco.In truth, he was in London for crisis talks with administrators Duff & Phelps as he bids to find some way of giving the fans at least European football to cling to next season.SunSport understands the next financial move will be to unveil the suggested Company Voluntary Arrangement (CVA).Gers will offer their creditors a percentage of the debts to wipe the slate clean — no deal, though, is possible without HMRC's agreement.Our source confirmed: "The plan remains to have the club out of administration by March 31."There is a CVA offer drawn up and ready to be offered to the creditors."If that can be accepted in time Rangers CAN make it before March 31 and come out."That is his big hope, that is Plan A."Whyte's camp know the Gers chairman has now become a hate figure in the eyes of large sections of the support.He was booed and jeered by furious fans as he stood outside Ibrox and announced the club was lurching into administration on Monday night.There is deep anger, though, within the Gers hierarchy over what they see as intransigence from HMRC officials hell-bent on pushing them over the brink.The Whyte regime are disputing £4.7million of the £9m tax bill HMRC revealed as unpaid on Monday. That remaining £4.3m consists of £1m VAT on the sale of Croat striker Nikica Jelavic to Everton and £3.3m of PAYE due to the taxman.Our source stressed: "Of that £9m, £4.7m is in dispute."Of the balance HMRC were offered most of that paid in full on Friday and they REFUSED to take it."Rangers is running at a loss and they WERE late with the rest of the tax money."HMRC, though, said they wanted the full £9m paid and refused the option of taking the £4.3m while both parties sort out the 'small tax case'."When Craig Whyte took over from David Murray the initial tax bill was £2.8m — now that has grown into £4.7m."He has been advised that sum was not correct and Rangers were also told HMRC were too late in serving those papers."That case is in dispute and Rangers feel the goalposts have been moved."Rangers, though, are NOT penniless. Insiders insist there are still MILLIONS in the club's bank account.Money has not vanished, Whyte has not done a runner.The embattled Rangers chairman, though, is fighting what looks certain to be a vain andlosing battle with the taxman.I understand that — without knowing the outcome of the £49m tax tribunal case — Rangers offered HMRC a staged payment plan of £2.5m per season.That plan would have kept the club out of administration.It was rebuffed.The taxman's refusal to look at that scheme or take the £4.3m parcel of cash offered on Friday sent Scotland's stricken champions over the precipice.Whyte's hierarchy felt they had nowhere left to go and our source insisted: "Rangers were left with no option with the European Club Licensing date looming on March 31."They had to go into administration to give them any chance of making European football next season."They needed to go into next season with a clean slate."Sadly, that means there WILL undoubtedly be job losses at Ibrox, the level of which will be decided by the administrators."That means players who it is felt have little or no residual value will be looked at."Nine months ago Whyte knew the massive problems that were lurking within Rangers Football Club.His biggest PR mistake was choosing not to share his fears with a Gers support celebrating after another dramatic last day title win at Rugby Park. He should have lifted the lid on the lot, told the Gers fans there and then that the next campaign would be a chapter of fiscal pain.Instead he wrongly elected to try and paper over the cracks and two Euro exits meant the walls came tumbling down.Naive in the workings of the media, the Rangers chairman also badly underestimated the ferocity of the arena he was now working in.SunSport's Whyte insider admitted: "His big mistake was not making it ALL public, there were huge problems."Rangers had just won a title and he felt as if he would be spoiling the party."Now he has gone through the worst week of his life."But some should realise that if it wasn't him doing this it would be someone else."David Murray or the old board would have had to take the same action."A good result for Rangers in the major tax case would be a liability of less than £10million."Even then, if that happens HMRC have vowed 'we will appeal, appeal and appeal again'."That made administration inevitable. This is as painful as it gets but this is the way out."Craig Whyte will have to hope in years to come people will see that this had to happen."Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/4133009/Craig-Whyte-knows-the-Rangers-fans-have-turned.html#ixzz1mVDzEY19 Quote Link to post Share on other sites More sharing options...
Mor3los_1 3,672 Posted February 16, 2012 Share Posted February 16, 2012 Seems like The Sun are with us while the Daily Rhebel are against us, interesting. Quote Link to post Share on other sites More sharing options...
4MenHadADream 122 Posted February 16, 2012 Share Posted February 16, 2012 Don't believe a word. Particularly the bit about not wanting to break the bad news at the end of last season, if that was the case and the situation was really all that bad then why did he continue to state his committment to his pledge to spend £5m per season. More revisions of the past, becoming something of a trend Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted February 16, 2012 Share Posted February 16, 2012 No surprise there. Is it just me or are all the pieces falling into place ?I'm sure many people will be seeing things a bit differently as events move on. Quote Link to post Share on other sites More sharing options...
4MenHadADream 122 Posted February 16, 2012 Share Posted February 16, 2012 Double post Quote Link to post Share on other sites More sharing options...
Getstiffed 8,863 Posted February 16, 2012 Share Posted February 16, 2012 No surprise there. Is it just me or are all the pieces falling into place ?can you see the daylight aswell? Quote Link to post Share on other sites More sharing options...
D'Artagnan 13,319 Posted February 16, 2012 Share Posted February 16, 2012 For what scenario?Sorry if it's obvious but my heads fried after reading here the last few days No agreement reached with creditors.Whyte liquidates RFC.Whyte registers RFC 2012 (already done in August apparantley)RFC 2012 re-apply and gain entry to SPL after vote (just) because the Sky TV deal is dependent on 4 Rangers v Celtic games a season. Whyte therefore has SPL and the other clubs over a barell.Debt free RFC 2012, with Whyte owning assets is then sold to a consortium of Dave King, Paul Murray and Alistair Johnston for £20 million+ Whytes costs. Dave King was mysteriously removed from the board last week, this leaves him with no connection to anything that has happened this week.Wavetower/RFC Group will be liquidated owing money to Ticketus and probably several other creditors.The new board of RFC will settle football debts as a goodwill gesture. Quote Link to post Share on other sites More sharing options...
A.T.G 10,773 Posted February 16, 2012 Share Posted February 16, 2012 AAAARRRRGGGGHHHHMY HEAD IS FUCKED Quote Link to post Share on other sites More sharing options...
54andcounting 627 Posted February 16, 2012 Share Posted February 16, 2012 "The publicity side doesn't sit well with him and he will be more low key Quote Link to post Share on other sites More sharing options...
chris182 6,278 Posted February 16, 2012 Share Posted February 16, 2012 No surprise there. Is it just me or are all the pieces falling into place ?Seems so. Someone else to come riding in to snap us up Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted February 16, 2012 Share Posted February 16, 2012 The Sun repayment for their wee exclusive last week? Why would HMRC accept a repayment scheme from someone who can't even pay what he should for the current year?More fucking nonsense. Quote Link to post Share on other sites More sharing options...
simplythebestest 2,145 Posted February 16, 2012 Share Posted February 16, 2012 I utterly, utterly, utterly hate the taxman and the government for trying to make an example of the only team in Scotland who has ever shown them any respect.They are hunting down and murdering their own. They were too scared to take on the EPL teams first and have obviously decided that us going under will deliver a message nationwide.Their actions are cowardly and reprehensible and I will never forget them as long as I live.Countless profiteering, murdering and GENUINLY dodgy as fuck businesses have gotten away with billions in tax avoidance/evasion and instead they come after us.FUCK them and FUCK their snake-like ways. Quote Link to post Share on other sites More sharing options...
TheBluebells 6,898 Posted February 16, 2012 Share Posted February 16, 2012 No agreement reached with creditors.Whyte liquidates RFC.Whyte registers RFC 2012 (already done in August apparantley)RFC 2012 re-apply and gain entry to SPL after vote (just) because the Sky TV deal is dependent on 4 Rangers v Celtic games a season. Whyte therefore has SPL and the other clubs over a barell.Debt free RFC 2012, with Whyte owning assets is then sold to a consortium of Dave King, Paul Murray and Alistair Johnston for £20 million+ Whytes costs. Dave King was mysteriously removed from the board last week, this leaves him with no connection to anything that has happened this week.Wavetower/RFC Group will be liquidated owing money to Ticketus and probably several other creditors.The new board of RFC will settle football debts as a goodwill gesture.Thanks for explaining I don't even know what to think on this, what i will ask is how do you know it will be sold to AJ etc? Ive got too many questions here i don't even know if this is good or not, heads in bits. Quote Link to post Share on other sites More sharing options...
disgruntled_bear 157 Posted February 16, 2012 Share Posted February 16, 2012 No surprise there. Is it just me or are all the pieces falling into place ?I'm seeing the pieces fall into place, but. It isn't the scenario that you posted. Quote Link to post Share on other sites More sharing options...
Colonel Mustard 380 Posted February 16, 2012 Share Posted February 16, 2012 No agreement reached with creditors.Whyte liquidates RFC.Whyte registers RFC 2012 (already done in August apparantley)RFC 2012 re-apply and gain entry to SPL after vote (just) because the Sky TV deal is dependent on 4 Rangers v Celtic games a season. Whyte therefore has SPL and the other clubs over a barell.Debt free RFC 2012, with Whyte owning assets is then sold to a consortium of Dave King, Paul Murray and Alistair Johnston for £20 million+ Whytes costs. Dave King was mysteriously removed from the board last week, this leaves him with no connection to anything that has happened this week.Wavetower/RFC Group will be liquidated owing money to Ticketus and probably several other creditors.The new board of RFC will settle football debts as a goodwill gesture.If that's the plan, I hope someone takes a fucking baseball bat to Whyte. Quote Link to post Share on other sites More sharing options...
D'Artagnan 13,319 Posted February 16, 2012 Share Posted February 16, 2012 The Sun repayment for their wee exclusive last week? Why would HMRC accept a repayment scheme from someone who can't even pay what he should for the current year?More fucking nonsense.But its in The Sun Casey......... Quote Link to post Share on other sites More sharing options...
AGM_72 3,599 Posted February 16, 2012 Share Posted February 16, 2012 No agreement reached with creditors.Whyte liquidates RFC.Whyte registers RFC 2012 (already done in August apparantley)RFC 2012 re-apply and gain entry to SPL after vote (just) because the Sky TV deal is dependent on 4 Rangers v Celtic games a season. Whyte therefore has SPL and the other clubs over a barell.Debt free RFC 2012, with Whyte owning assets is then sold to a consortium of Dave King, Paul Murray and Alistair Johnston for £20 million+ Whytes costs. Dave King was mysteriously removed from the board last week, this leaves him with no connection to anything that has happened this week.Wavetower/RFC Group will be liquidated owing money to Ticketus and probably several other creditors.The new board of RFC will settle football debts as a goodwill gesture.A downside being, we have no European football for three years due to UEFA sanctions? Quote Link to post Share on other sites More sharing options...
D'Artagnan 13,319 Posted February 16, 2012 Share Posted February 16, 2012 If that's the plan, I hope someone takes a fucking baseball bat to Whyte.I think we better get down the sports shop CM....I have a feeling that most of that is not far from the truth.Especially the registraion of the new company Rangers 2012 Quote Link to post Share on other sites More sharing options...
BRITNEY IS NOT FEELING IT 8,293 Posted February 16, 2012 Share Posted February 16, 2012 So since we won the league in may , cw thought I'll no spoil the party , I'll just no tell anyone I wont be paying their PAYE contributions , then we can get proper fucked by hmrc , gie me piece , he's a fuckin wrongen Quote Link to post Share on other sites More sharing options...
StudsLonniegan 9 Posted February 16, 2012 Author Share Posted February 16, 2012 The Whyte regime are disputing £4.7million of the £9m tax bill HMRC revealed as unpaid on Monday. That remaining £4.3m consists of £1m VAT on the sale of Croat striker Nikica Jelavic to Everton and £3.3m of PAYE due to the taxman.Our source stressed: "Of that £9m, £4.7m is in dispute."Of the balance HMRC were offered most of that paid in full on Friday and they REFUSED to take it."Rangers is running at a loss and they WERE late with the rest of the tax money."HMRC, though, said they wanted the full £9m paid and refused the option of taking the £4.3m while both parties sort out the 'small tax case'."When Craig Whyte took over from David Murray the initial tax bill was £2.8m — now that has grown into £4.7m."He has been advised that sum was not correct and Rangers were also told HMRC were too late in serving those papers."That case is in dispute and Rangers feel the goalposts have been moved."Whats the option then another murray who keeps spouting about buying but hasn't got two bob, we are where we are, don't see many "Rangers men" riding to the rescue, but they certainly talk a lot. Quote Link to post Share on other sites More sharing options...
skinnymate1690 620 Posted February 16, 2012 Share Posted February 16, 2012 why if there are supposed millions in the bank did we go into admin ?i thought that you could only go into it if you had no money ? Quote Link to post Share on other sites More sharing options...
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