Guardian 4,281 Posted February 20, 2012 Share Posted February 20, 2012 HMRC are taking Rangers to a tribunal over a £49m tax bill for using EBT's.This could push Rangers into administration.(Well it is the DM FFS) Quote Link to post Share on other sites More sharing options...
WVB 2,560 Posted February 20, 2012 Share Posted February 20, 2012 He shot the sheriff.Is the deputy ok? Quote Link to post Share on other sites More sharing options...
G.E.C. 18,818 Posted February 20, 2012 Share Posted February 20, 2012 Yes oh yes my name is Willie Lee. Quote Link to post Share on other sites More sharing options...
LegendofCoop 17,385 Posted February 20, 2012 Share Posted February 20, 2012 That would be it for me. I'd walk away. Beats all this Kevin the Gerbil shite! Quote Link to post Share on other sites More sharing options...
G.E.C. 18,818 Posted February 20, 2012 Share Posted February 20, 2012 Is the deputy ok?Should be. He didn't get shot. Quote Link to post Share on other sites More sharing options...
Mor3los_1 3,672 Posted February 20, 2012 Share Posted February 20, 2012 Why would a firm like Ticketus give £24 million to someone who isn't in charge of the club. Thats like me asking for £200 million for 4 years of Man Utd season tickets when i have fuck all to do with the club Quote Link to post Share on other sites More sharing options...
Devlin 222 Posted February 20, 2012 Share Posted February 20, 2012 I've had to become creative due to the thought police.The thought police aye?You're a mong. Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted February 20, 2012 Share Posted February 20, 2012 Whyte then showed Murray that balance as evidence he had sufficient funds to give Lloyds Bank the £18m they were owed — one of the key conditions of the sale.He then bought Murray’s 85.3 per cent shareholding for £1 on May 6, paid off Lloyds and used Rangers employees’ personal tax — which should have been handed over to HMRC — to help run the club. Until it ran out and forced administration eight days ago, that is.Had Murray refused to sell to him, Whyte would have returned the money to Ticketus — a gamble he was prepared to take.The latest revelation means that Whyte, who stayed away from the first post-administration game against Kilmarnock on Saturday, effectively bought into the club for nothing before installing himself as the ‘preferred creditor’.It is widely assumed he will never attend another game at Ibrox and there are now questions marks over that ‘preferred creditor’ status.Strathclyde Police are examining files pertaining to Whyte’s nine-month tenure, which were handed to them by former chairman Alastair Johnston.The SFA have also launched a full inquiry into Rangers in a move that was welcomed by manager Ally McCoist at the weekend.The ruling body claim to have been hampered in their efforts to establish if Whyte fulfils the ‘fit and proper person’ criteria.Rangers are now 17 points behind Celtic in the SPL after receiving an automatic 10-point deduction.The Ibrox club plunged into administration last Monday and, three days later, the administrators revealed they had ‘no visibility’ of the Ticketus money in the football club’s account.The announcement came despite Whyte previously insisting that ‘every penny’ of the money had gone into the running of the club. Two weeks ago, the embattled owner also claimed to have sunk £33m of his own money into the club.It emerged that lawyers Collyer Bristow had handed ‘significant information’ which provided ‘some visibility’ on the whereabouts of some of the cash.An £18m payment was made from the account to Lloyds on May 9 — three days after the takeover went through, but it is still unclear where the remaining £6.4m is.Exactly how much of the £6m proceeds from the sale of Nikica Jelavic to Everton landed in the club’s account is also unknown.Last Thursday, joint administrator Paul Clark said: ‘Some of it is deferred. Some of the funds appear to have gone into the club — but we need to go through the detail.’ There is also a question mark over what security Ticketus now hold for their part in the April deal. Were Rangers to be liquidated, the firm would have no obvious means of re-selling the seats they have bought between now and 2015.Financial experts believe it is inconceivable that they would have agreed to advance such a huge sum without a safety net.Whyte’s credibility among the Rangers support is at an all-time low. When news of imminent administration broke last Monday, he initially said he had been left with no alternative due to the so-called ‘big tax bill’ which the embattled owner claimed could cost the club £75m.However, when the application was heard in the Court of Session, that story was exposed as a fallacy. The real reason the club had been forced into administration was down to the fact that £9m in VAT and PAYE had been unpaid. Duff & Phelps believed that this had been used for the day-to-day running of the club.Just a week before administration, Whyte’s evidence was called ‘wholly unreliable’ by a sheriff after a civil case. As players and staff at the 140-year-old club brace themselves for job cuts on Tuesday, the whereabouts of the 41-year-old Motherwell-born businessman were last night unknown.He avoided the Kilmarnock match, claiming he was ‘taking a backwards step’.Read more: http://www.dailymail.co.uk/sport/football/article-2104025/Craig-Whyte-used-24m-Ticketus-money-pay-bank.html#ixzz1my1Oqygk Quote Link to post Share on other sites More sharing options...
ritchieshearercaldow 22,190 Posted February 20, 2012 Share Posted February 20, 2012 Probably set up a book deal with a hollywood movie to follow...How to Fuck Up a Football Club..Title open to suggestions Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted February 20, 2012 Share Posted February 20, 2012 Why would a firm like Ticketus give £24 million to someone who isn't in charge of the club. Thats like me asking for £200 million for 4 years of Man Utd season tickets when i have fuck all to do with the club The money was probably held in escrow until the exchange happened meaning if he failed to buy the club, the solicitors would have given ticketus the money back Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 20, 2012 Share Posted February 20, 2012 Dunno if old news or not but it says he sold season ticket money a month before he took over us. http://www.dailymail.co.uk/sport/football/article-2104025/Craig-Whyte-used-24m-Ticketus-money-pay-bank.htmldear oh dear the sensible heads were wrong. blancos fanpersons really really will not like this. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 20, 2012 Share Posted February 20, 2012 Whyte then showed Murray that balance as evidence he had sufficient funds to give Lloyds Bank the £18m they were owed — one of the key conditions of the sale.He then bought Murray’s 85.3 per cent shareholding for £1 on May 6, paid off Lloyds and used Rangers employees’ personal tax — which should have been handed over to HMRC — to help run the club. Until it ran out and forced administration eight days ago, that is.Had Murray refused to sell to him, Whyte would have returned the money to Ticketus — a gamble he was prepared to take.The latest revelation means that Whyte, who stayed away from the first post-administration game against Kilmarnock on Saturday, effectively bought into the club for nothing before installing himself as the ‘preferred creditor’.It is widely assumed he will never attend another game at Ibrox and there are now questions marks over that ‘preferred creditor’ status.Strathclyde Police are examining files pertaining to Whyte’s nine-month tenure, which were handed to them by former chairman Alastair Johnston.The SFA have also launched a full inquiry into Rangers in a move that was welcomed by manager Ally McCoist at the weekend.The ruling body claim to have been hampered in their efforts to establish if Whyte fulfils the ‘fit and proper person’ criteria.Rangers are now 17 points behind Celtic in the SPL after receiving an automatic 10-point deduction.The Ibrox club plunged into administration last Monday and, three days later, the administrators revealed they had ‘no visibility’ of the Ticketus money in the football club’s account.The announcement came despite Whyte previously insisting that ‘every penny’ of the money had gone into the running of the club. Two weeks ago, the embattled owner also claimed to have sunk £33m of his own money into the club.It emerged that lawyers Collyer Bristow had handed ‘significant information’ which provided ‘some visibility’ on the whereabouts of some of the cash.An £18m payment was made from the account to Lloyds on May 9 — three days after the takeover went through, but it is still unclear where the remaining £6.4m is.Exactly how much of the £6m proceeds from the sale of Nikica Jelavic to Everton landed in the club’s account is also unknown.Last Thursday, joint administrator Paul Clark said: ‘Some of it is deferred. Some of the funds appear to have gone into the club — but we need to go through the detail.’ There is also a question mark over what security Ticketus now hold for their part in the April deal. Were Rangers to be liquidated, the firm would have no obvious means of re-selling the seats they have bought between now and 2015.Financial experts believe it is inconceivable that they would have agreed to advance such a huge sum without a safety net.Whyte’s credibility among the Rangers support is at an all-time low. When news of imminent administration broke last Monday, he initially said he had been left with no alternative due to the so-called ‘big tax bill’ which the embattled owner claimed could cost the club £75m.However, when the application was heard in the Court of Session, that story was exposed as a fallacy. The real reason the club had been forced into administration was down to the fact that £9m in VAT and PAYE had been unpaid. Duff & Phelps believed that this had been used for the day-to-day running of the club.Just a week before administration, Whyte’s evidence was called ‘wholly unreliable’ by a sheriff after a civil case. As players and staff at the 140-year-old club brace themselves for job cuts on Tuesday, the whereabouts of the 41-year-old Motherwell-born businessman were last night unknown.He avoided the Kilmarnock match, claiming he was ‘taking a backwards step’.Read more: http://www.dailymail.co.uk/sport/football/article-2104025/Craig-Whyte-used-24m-Ticketus-money-pay-bank.html#ixzz1my1Oqygkoops. so much for the sensible heads. Quote Link to post Share on other sites More sharing options...
WVB 2,560 Posted February 20, 2012 Share Posted February 20, 2012 The thought police aye?You're a mong.gunslingers wont like this! Quote Link to post Share on other sites More sharing options...
D'Artagnan 13,319 Posted February 20, 2012 Share Posted February 20, 2012 Bad bad news Bears...their story is gen and will kill Whyte...Casey & gunslinger are his illegitimate sons. Quote Link to post Share on other sites More sharing options...
StudsLonniegan 9 Posted February 20, 2012 Share Posted February 20, 2012 Letters of intent funds in escrow perfectly legitimate business tools, but Whyte underwrote with one of his other companies didn't he say. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 20, 2012 Share Posted February 20, 2012 gunslingers wont like this!no problem with it. boss will delete it I expect though. Quote Link to post Share on other sites More sharing options...
LeeWallaceRFC 3,920 Posted February 20, 2012 Share Posted February 20, 2012 Craig Whyte sold off four years of Rangers season tickets — one month before he bought the club. The embattled owner flogged the seats to London-based Ticketus to fund his entire takeover last April — four weeks before he persuaded Sir David Murray to sell up for just £1.Sportsmail can reveal Whyte convinced Ticketus to advance him £24.4million on the proviso that he would then buy Rangers. That cash was deposited into a client account with his London-based lawyer Collyer Bristow on April 7.Whyte then showed Murray that balance as evidence he had sufficient funds to give Lloyds Bank the £18m they were owed — one of the key conditions of the sale.He then bought Murray’s 85.3 per cent shareholding for £1 on May 6, paid off Lloyds and used Rangers employees’ personal tax — which should have been handed over to HMRC — to help run the club. Until it ran out and forced administration eight days ago, that is.Had Murray refused to sell to him, Whyte would have returned the money to Ticketus — a gamble he was prepared to take.The latest revelation means that Whyte, who stayed away from the first post-administration game against Kilmarnock on Saturday, effectively bought into the club for nothing before installing himself as the ‘preferred creditor’.It is widely assumed he will never attend another game at Ibrox and there are now questions marks over that ‘preferred creditor’ status.Strathclyde Police are examining files pertaining to Whyte’s nine-month tenure, which were handed to them by former chairman Alastair Johnston.The SFA have also launched a full inquiry into Rangers in a move that was welcomed by manager Ally McCoist at the weekend.The ruling body claim to have been hampered in their efforts to establish if Whyte fulfils the ‘fit and proper person’ criteria.Rangers are now 17 points behind Celtic in the SPL after receiving an automatic 10-point deduction.The Ibrox club plunged into administration last Monday and, three days later, the administrators revealed they had ‘no visibility’ of the Ticketus money in the football club’s account.The announcement came despite Whyte previously insisting that ‘every penny’ of the money had gone into the running of the club. Two weeks ago, the embattled owner also claimed to have sunk £33m of his own money into the club.It emerged that lawyers Collyer Bristow had handed ‘significant information’ which provided ‘some visibility’ on the whereabouts of some of the cash.An £18m payment was made from the account to Lloyds on May 9 — three days after the takeover went through, but it is still unclear where the remaining £6.4m is.Exactly how much of the £6m proceeds from the sale of Nikica Jelavic to Everton landed in the club’s account is also unknown.Last Thursday, joint administrator Paul Clark said: ‘Some of it is deferred. Some of the funds appear to have gone into the club — but we need to go through the detail.’There is also a question mark over what security Ticketus now hold for their part in the April deal. Were Rangers to be liquidated, the firm would have no obvious means of re-selling the seats they have bought between now and 2015.Financial experts believe it is inconceivable that they would have agreed to advance such a huge sum without a safety net.Whyte’s credibility among the Rangers support is at an all-time low. When news of imminent administration broke last Monday, he initially said he had been left with no alternative due to the so-called ‘big tax bill’ which the embattled owner claimed could cost the club £75m.However, when the application was heard in the Court of Session, that story was exposed as a fallacy. The real reason the club had been forced into administration was down to the fact that £9m in VAT and PAYE had been unpaid. Duff & Phelps believed that this had been used for the day-to-day running of the club.Just a week before administration, Whyte’s evidence was called ‘wholly unreliable’ by a sheriff after a civil case. As players and staff at the 140-year-old club brace themselves for job cuts on Tuesday, the whereabouts of the 41-year-old Motherwell-born businessman were last night unknown.He avoided the Kilmarnock match, claiming he was ‘taking a backwards step’.http://www.dailymail.co.uk/sport/football/article-2104025/Craig-Whyte-used-24m-Ticketus-money-pay-bank.html?Fuck off daily fail, absolute pile of pish Quote Link to post Share on other sites More sharing options...
Jonok 1,245 Posted February 20, 2012 Share Posted February 20, 2012 Letters of intent funds in escrow perfectly legitimate business tools, but Whyte underwrote with one of his other companies didn't he say.Yes Im sure he said he used one of his own companies for security Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 20, 2012 Share Posted February 20, 2012 oh dear oh dear oh dear. no way back for the fan boys. Quote Link to post Share on other sites More sharing options...
G.E.C. 18,818 Posted February 20, 2012 Share Posted February 20, 2012 He was the fifth Beatle. Quote Link to post Share on other sites More sharing options...
ritchieshearercaldow 22,190 Posted February 20, 2012 Share Posted February 20, 2012 Why would a firm like Ticketus give £24 million to someone who isn't in charge of the club. Thats like me asking for £200 million for 4 years of Man Utd season tickets when i have fuck all to do with the club That was my first thought M8 also I thought ST were were being sold to them before Whyte took over, so why didn't Murray pull this stunt? Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted February 20, 2012 Share Posted February 20, 2012 Letters of intent funds in escrow perfectly legitimate business tools, but Whyte underwrote with one of his other companies didn't he say.Aye. He said a lot. Quote Link to post Share on other sites More sharing options...
WVB 2,560 Posted February 20, 2012 Share Posted February 20, 2012 He was the fifth Beatle.Wasnt that Ringo Starr? Quote Link to post Share on other sites More sharing options...
Bear_Necessities 41 Posted February 20, 2012 Share Posted February 20, 2012 Wouldn't be at all surprised about this, what worries me most is any new owner could now be without one of our best sources of income if ticketus now own 4 years of our tickets Quote Link to post Share on other sites More sharing options...
G.E.C. 18,818 Posted February 20, 2012 Share Posted February 20, 2012 Wasnt that Ringo Starr?It's Whyte in a Ringo costume. Quote Link to post Share on other sites More sharing options...
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