TheBluebells 6,898 Posted April 10, 2012 Share Posted April 10, 2012 record says we will find out on Thursday.Just need to wait and see then. Quote Link to post Share on other sites More sharing options...
TheCutch 4,340 Posted April 10, 2012 Share Posted April 10, 2012 record says we will find out on Thursday.ANOTHER 48hrs scenario. Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted April 10, 2012 Share Posted April 10, 2012 Talk of European trophies certainly feels premature at this stage! Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted April 10, 2012 Share Posted April 10, 2012 ANOTHER 48hrs scenario. yup. Quote Link to post Share on other sites More sharing options...
Right_To_Censor 1,951 Posted April 10, 2012 Share Posted April 10, 2012 don't think it will happen, that fuck elis will have a injunction out to stop it, and it will lead to liquidation and some other bullshit taking over. Quote Link to post Share on other sites More sharing options...
Johnny Hubbard 280 Posted April 10, 2012 Share Posted April 10, 2012 Why would the taxman want to stop the deal?I wonder about the role of HMRC in this. What's the hold up in announcing the decision of this tribunal. They were supposed to finish it at the beginning of last year, then it was November, then it was January, then March and now in April we still haven't got a verdict. WHY?Their lack of urgency is causing problems for usCouldn't be that HMRC have lost could it ? Quote Link to post Share on other sites More sharing options...
DarcheVinny 1,003 Posted April 10, 2012 Share Posted April 10, 2012 The taxman won't be scuppering anything.It's a fair CVA for creditors, or liquidation.Which do you think they'd rather? Quote Link to post Share on other sites More sharing options...
novosleftboot 6,302 Posted April 10, 2012 Share Posted April 10, 2012 I wonder about the role of HMRC in this. What's the hold up in announcing the decision of this tribunal. They were supposed to finish it at the beginning of last year, then it was November, then it was January, then March and now in April we still haven't got a verdict. WHY?Their lack of urgency is causing problems for usCouldn't be that HMRC have lost could it ?It's the courts holding this up, not hmrc. Quote Link to post Share on other sites More sharing options...
Bear 72 0 Posted April 10, 2012 Share Posted April 10, 2012 The taxman won't be scuppering anything.It's a fair CVA for creditors, or liquidation.Which do you think they'd rather? wouldnt the taxman get more from liquidation?? Quote Link to post Share on other sites More sharing options...
RFC55 110,178 Posted April 10, 2012 Share Posted April 10, 2012 wouldnt the taxman get more from liquidation??No, in the long run a Rangers paying full taxes will earn them more than getting a one of payment that has to be divided between x amount of creditors! Quote Link to post Share on other sites More sharing options...
Thermopylae 15,287 Posted April 10, 2012 Share Posted April 10, 2012 Good point Quote Link to post Share on other sites More sharing options...
Gregor Stevens Fan Club 42 Posted April 10, 2012 Share Posted April 10, 2012 No, in the long run a Rangers paying full taxes will earn them more than getting a one of payment that has to be divided between x amount of creditors!Although,(playing Devil's Advocate here) if they are gunning for others, they may want to take a hard stance and make an example of the Club. Quote Link to post Share on other sites More sharing options...
RFC55 110,178 Posted April 10, 2012 Share Posted April 10, 2012 Although,(playing Devil's Advocate here) if they are gunning for others, they may want to take a hard stance and make an example of the Club.They will then lose tax payers money, so that wouldn't go down to well. Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted April 10, 2012 Share Posted April 10, 2012 I wonder about the role of HMRC in this. What's the hold up in announcing the decision of this tribunal. They were supposed to finish it at the beginning of last year, then it was November, then it was January, then March and now in April we still haven't got a verdict. WHY?Their lack of urgency is causing problems for usCouldn't be that HMRC have lost could it ?That is a good point, all the evidence was heard ages ago so what's the hold up?Can you have an abuse of process in tax cases? Quote Link to post Share on other sites More sharing options...
Gregor Stevens Fan Club 42 Posted April 10, 2012 Share Posted April 10, 2012 They will then lose tax payers money, so that wouldn't go down to well.I know, but they might be looking at a bigger picture and what tax payer's money they might be able to reclaim from others.However, in all honesty - I know jack-shit Quote Link to post Share on other sites More sharing options...
iconicman 8 Posted April 10, 2012 Share Posted April 10, 2012 If it's liquidation (without CVA being agreed, i.e. not a sale of the business, but winding up because CVA failed) then it doesn't matter who gets paid, because at that point the unthinkable has happened and Rangers cease to exist.Wednesday is only suggesting the preferred bidder, nothing is binding at that point. Until a CVA is proposed (20 April) and agreed with HMRC/Ticketus we'll be no further forward.I've no idea who I want owning the club now. I get the feeling TBK will just carry on as before which is no good as we need to change how we operate.I'm wary of foreign owners, no matter how much they protest they supported us as a boy. Americans are hard nosed bottom line driven investors, not suited to owning British football clubs.Brian Kennedy strangely enough was probably the best of the bunch. Understands British football, understands the club (even if he isn't a bear) but more importantly, understands business and would inject some fresh approaches. Quote Link to post Share on other sites More sharing options...
Gregor Stevens Fan Club 42 Posted April 10, 2012 Share Posted April 10, 2012 Wednesday is only suggesting the preferred bidder, nothing is binding at that point. Until a CVA is proposed (20 April) and agreed with HMRC/Ticketus we'll be no further forward.Would their current contract need to be reneged first, before they were considered as a creditor ?? Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted April 10, 2012 Share Posted April 10, 2012 it will no doubt be a case of we tried for a cva but couldn't do it so we liquidated And you mentioned to me in another post the other week that mini did not have a plan b,c,d or any other . Now you let the cat out the bag re his get out. Quote Link to post Share on other sites More sharing options...
iconicman 8 Posted April 10, 2012 Share Posted April 10, 2012 Would their current contract need to be reneged first, before they were considered as a creditor ??It would depend on the form of the bid. If it's a CVA keeping the existing company, Ticketus aren't creditors so only HMRC need to agree on CVA.If the bid is sale of business into newco and liquidation of the old company, then Ticketus will be creditors and therefore the CVA will need to include them as well as HMRC.So, we need to see how the preferred bidder has structured their bid. Quote Link to post Share on other sites More sharing options...
MrT 173 Posted April 10, 2012 Share Posted April 10, 2012 Where's ma keys, where's ma phone lol Quote Link to post Share on other sites More sharing options...
MosesMcNeil 1,664 Posted April 10, 2012 Share Posted April 10, 2012 at that point the unthinkable has happened and Rangers cease to exist.Under what circumstances will that ever happen.None that I can think of. Care to expand on your wee gem? Quote Link to post Share on other sites More sharing options...
Creampuff 22,628 Posted April 10, 2012 Share Posted April 10, 2012 Hang on.. WEDNESDAY?!Like, tomorrow?! Quote Link to post Share on other sites More sharing options...
iconicman 8 Posted April 10, 2012 Share Posted April 10, 2012 Under what circumstances will that ever happen.None that I can think of. Care to expand on your wee gem?As I clearly mentioned in my post, if we fail to agree a CVA then the assets of the company are broken up and sold to raise cash.It's not going to happen though while we've got interested bidders. A failed CVA and liquidation isn't going to raise more cash than what is being bid at present. Unless of course the taxman is looking to make an example, but I believe they've been given their orders on that score.Now fuck off with your implications, you and I have been here before. Quote Link to post Share on other sites More sharing options...
disgruntled_bear 157 Posted April 10, 2012 Share Posted April 10, 2012 Will be interesting tomorrow Quote Link to post Share on other sites More sharing options...
MosesMcNeil 1,664 Posted April 10, 2012 Share Posted April 10, 2012 Now fuck off with your implications, you and I have been here before.Interesting response as I implied nothing.I wanted an answer to your claims that: "Rangers cease to exist."Even if the worst happens - that will not be the outcome. So WTF are you on about? Quote Link to post Share on other sites More sharing options...
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