julescotia 11,407 Posted March 9, 2012 Share Posted March 9, 2012 Forgive me if this has been mentioned, but Ive been out since 6pm Thursday, and just got home and couldnt see it on Page 1 of the Bears Den .........RANGERS were thrown a dramatic lifeline last night as it was revealed the taxman WILL do a deal with the stricken giants.Related StoriesBut the crisis-hit club were warned their £49million battle with HMRC and the £9million bill for unpaid VAT and PAYE will only be resolved if owner Craig Whyte gets the boot.The Scottish Sun can reveal a compromise deal — sanctioned at Treasury level — is within reach which could see the fallen giants pay back as little as TEN PENCE in the pound.That would mean instead of paying a whopping £49million penalty, Gers could get off with forking out a paltry £4.9million.But the negotiations hinge on new owners replacing shamed Whyte — and a company voluntary agreement in place with creditors.Last night Duff and Phelps joint administrator Paul Clark insisted: "HMRC have said to me that they do not want Rangers to fail."There will be negotiations between ourselves, any new buyer and HMRC as to what that percentage will be. Assuming the company goes for a CVA there will be some form of deal done."Whether that deal is a 10 per cent deal, a 50 per cent deal or a 100 per cent deal over a period of time, that's all up for grabs."I don't suspect it will be a 100 per cent deal."Someone said to me that HMRC never accepted anything other than 100p. That is simply not true."People may have got that because of the attitude shown towards clubs in the English league."English football clubs have the football creditors rule. You don't have that in Scottish football."Ultimately a deal can, should and, I believe, will be done to offer HMRC a proper distribution from a CVA."The Scottish Sun understands that a tax deal with HMRC — whose mascot used to be Hector the Taxman — has been discussed and given the go-ahead at the highest levels of government.A source said: "This is welcome news for whoever wants to come in and take over Rangers."At least anyone coming in knows that HMRC are going to be flexible."It is also in their interest as if the club goes into liquidation they will get nothing."The deal is only on the table for new owners and NOT Craig Whyte. He has treated HMRC with contempt." The news will be a welcome boost for hard-pressed fans who feared the worst after administrators — who yesterday arrived at Ibrox in a light blue van — launched a last-gasp bid to sell the club.Duff and Phelps also admitted they might not have enough cash to fulfil the rest of their games this season.But last night Clark said he was confident the cash-strapped club would stay alive — and get out of administration.He dismissed the fears of Gers director Dave King — who is planning a takeover with a consortium — that the club could die within weeks.Clark said: "There has never been a plan for liquidation."There has never been a plan to destroy the fabric or history of the club."I don't think that we have ever suggested that liquidation is really an option."When people talk about liquidation they mean a closure, an end to Rangers Football Club."What people really mean is, could there be a sale of the business to a new company and then the old company is liquidated."I don't think that is likely but I accept it's still a possibility."We are still pushing towards a CVA and that's what we've always been pushing towards."I don't fully understand why anyone would suggest that the steps we're taking is a move towards liquidation."It has been a challenge and it will continue to be challenging on all aspects and that includes getting an agreement with the players. I am confident we can gain a CVA and be out of administration before the end of the season."But Clark has urged potential buyers to stop posturing and get around the table.He added: "We want to make sure that anyone who is really in, is in."We want them to show their hand as opposed to just talking about it. There has been a lot of talk."We don't think by this time next Friday we'll have our final party that are going to buy on the Monday thereafter. What we do hope is those parties still left next Friday will have properly expressed their interest and we can talk to a smaller contingent who want to move this forward."The sooner we can tease out who these buyers are and who these interested parties are the better."If that means it then takes another few weeks to finalise the deal then so be it."We will have a clearer understanding of where we are going. The talking is over, let's get on with it."Read more: http://www.thescottishsun.co.uk/scotsol/homepage/news/4182291/Taxman-set-to-back-shock-Rangers-lifeline.html#ixzz1oa3J0U6I Quote Link to post Share on other sites More sharing options...
CottonRunt 978 Posted March 9, 2012 Share Posted March 9, 2012 Total hard on material reading that. Quote Link to post Share on other sites More sharing options...
TheNuts 552 Posted March 9, 2012 Share Posted March 9, 2012 tomorrow is going to be a fucking fucking fucking good day !!!!!!!!!!!!! Quote Link to post Share on other sites More sharing options...
beattie72 170 Posted March 9, 2012 Share Posted March 9, 2012 Too much good news to be trueConfused loyal Quote Link to post Share on other sites More sharing options...
KingKirk 25,812 Posted March 9, 2012 Share Posted March 9, 2012 I can't take anymore please stop... Quote Link to post Share on other sites More sharing options...
A.T.G 10,773 Posted March 9, 2012 Share Posted March 9, 2012 Aw fuckin hellIf this is true.... Oh fuckIm spent Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted March 9, 2012 Share Posted March 9, 2012 Celtic have cancelled their scheduled press conference tomorrow? Hmmm Quote Link to post Share on other sites More sharing options...
KingKirk 25,812 Posted March 9, 2012 Share Posted March 9, 2012 Tims have re-found their ST for the erskine bridge Quote Link to post Share on other sites More sharing options...
Thermopylae 15,287 Posted March 9, 2012 Share Posted March 9, 2012 Hallelujah! Quote Link to post Share on other sites More sharing options...
A.T.G 10,773 Posted March 9, 2012 Share Posted March 9, 2012 So did the administrators sit down with the media and let them know all this? Quote Link to post Share on other sites More sharing options...
'o'rangerblue 89 Posted March 9, 2012 Share Posted March 9, 2012 Where's the emoticon for deliriously happy/confused/shitting myself incase it changes in the morning. Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted March 9, 2012 Share Posted March 9, 2012 haha can you just imagine timmy if this happenedcraig whye booted out...ticketus deal scrapped.....taken over by rich consortium......out of admin by start of next season........AND we only pay 4.9 million for the big tax case they have been wetting themselves over for about a year.the bridges will be full of them. Quote Link to post Share on other sites More sharing options...
Thermopylae 15,287 Posted March 9, 2012 Share Posted March 9, 2012 Delacunt and martin won't enjoy presenting their radio shows quite so much tonight Quote Link to post Share on other sites More sharing options...
Loyalist_RFC 222 Posted March 9, 2012 Share Posted March 9, 2012 The beast is going to be in meltdown. Quote Link to post Share on other sites More sharing options...
Ted E Bayer 490 Posted March 9, 2012 Share Posted March 9, 2012 So we've been found guilty? Quote Link to post Share on other sites More sharing options...
californiadreamin52 339 Posted March 9, 2012 Share Posted March 9, 2012 I was taught to be cautious Quote Link to post Share on other sites More sharing options...
Jig 14 Posted March 9, 2012 Share Posted March 9, 2012 I felt a tremour as f@nian jaws hit the floor at the same time. Quote Link to post Share on other sites More sharing options...
jack1690 793 Posted March 9, 2012 Share Posted March 9, 2012 Never count my chickens but if this is true I will have my 1st drink for 12yrs as soon as its confirmed! Quote Link to post Share on other sites More sharing options...
Jig 14 Posted March 9, 2012 Share Posted March 9, 2012 "It is also in their interest as if the club goes into liquidation they will get nothing. An interesting quote, the tims on here were queuing up to tell us this was not the case and Ibrox and Auchenhowie were at risk. Quote Link to post Share on other sites More sharing options...
WWTC 2,255 Posted March 9, 2012 Share Posted March 9, 2012 Ive got a belter of a stawner!!!! Quote Link to post Share on other sites More sharing options...
stefmartin16 121 Posted March 9, 2012 Share Posted March 9, 2012 Please let this be true. Quote Link to post Share on other sites More sharing options...
rabbie1980 36 Posted March 9, 2012 Share Posted March 9, 2012 there is too much good news in this for it to possibly be true. Quote Link to post Share on other sites More sharing options...
RANGERST1LLADIE 33 Posted March 9, 2012 Share Posted March 9, 2012 Please PLEASE! be true!!! Quote Link to post Share on other sites More sharing options...
Chesh 28 Posted March 9, 2012 Share Posted March 9, 2012 They will be crying into their fish today Quote Link to post Share on other sites More sharing options...
CaptainAmerica18 846 Posted March 9, 2012 Share Posted March 9, 2012 The ice cream hasn't just melted, it's evapourated into nothing Quote Link to post Share on other sites More sharing options...
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