damien1 29 Posted May 14, 2012 Share Posted May 14, 2012 The big problem for HMRC is setting a precedent. If Rangers get away with it then so can the other clubs. Also historically speaking they don't do CVAs. This is a big worry that people are ignoring tbh.Bollocks, historically HMRC agree 73% of CVAs. Quote Link to post Share on other sites More sharing options...
Facebook 11 Posted May 14, 2012 Share Posted May 14, 2012 Lol. The only thing getting flushed out in this thread is the 'Head in the sand Loyal'. The same people who cheered Whyte raising the flag and backed Paul Murray's bid.Does being informed, realistic or cautious make you an Earl? WATP Quote Link to post Share on other sites More sharing options...
Facebook 11 Posted May 14, 2012 Share Posted May 14, 2012 Damien1 73% of businesses or football clubs? I need a better source than Leggo before I start to relax about this situation. Quote Link to post Share on other sites More sharing options...
damien1 29 Posted May 14, 2012 Share Posted May 14, 2012 Damien1 73% of businesses or football clubs? I need a better source than Leggo before I start to relax about this situation.Businesses, but as has been alluded to above we will be seen as a business as the football creditors rule doesn't apply to us. Quote Link to post Share on other sites More sharing options...
Facebook 11 Posted May 14, 2012 Share Posted May 14, 2012 Fingers crossed then. The next 3 three weeks can't come quick enough. Just want this mess sorted so we can concentrate on rebuilding and sticking up the SPL Quote Link to post Share on other sites More sharing options...
damien1 29 Posted May 14, 2012 Share Posted May 14, 2012 Fingers crossed then. The next 3 three weeks can't come quick enough. Just want this mess sorted so we can concentrate on rebuilding and sticking up the SPLOh, I wouldn't listen to a word Leggo says, a fekkin imbecile. Quote Link to post Share on other sites More sharing options...
Claddie 53 Posted May 14, 2012 Share Posted May 14, 2012 That's a pretty reasonable return under a CVA Quote Link to post Share on other sites More sharing options...
GMac 1,405 Posted May 14, 2012 Share Posted May 14, 2012 which is 100% more than previous best as Millers £11m apparently included D&P cut and it must be something like 800% more than TBK. Only 400% more than TBK should we have won the Champions League under TBK ownership. Quote Link to post Share on other sites More sharing options...
GMac 1,405 Posted May 14, 2012 Share Posted May 14, 2012 The big problem for HMRC is setting a precedent. If Rangers get away with it then so can the other clubs. Also historically speaking they don't do CVAs. This is a big worry that people are ignoring tbh.Its not setting a precedent, HMRC accept CVA's. You're simply making this up. Quote Link to post Share on other sites More sharing options...
Blue Army Faction 28 Posted May 14, 2012 Share Posted May 14, 2012 That is not strictly true.They vote against them in England because of the "Football Creditors" rule which does not apply to Rangers.HMRC have a condition that all creditors must be treated equally before they will agree a CVA. As stated above the English football rules giving preference to football creditors breaks that rule. This doesn't apply in Scotland, so we should be treated like any other business. Quote Link to post Share on other sites More sharing options...
islandblue 366 Posted May 14, 2012 Share Posted May 14, 2012 I think they will already know what it takes to achieve CVA and clearly they think they've got it Quote Link to post Share on other sites More sharing options...
jonbryce 63 Posted May 14, 2012 Share Posted May 14, 2012 1336999537' post='1060040246']Have we a list of clubs that have been able to agree a CVA with HMRC? That would be interesting to see.They don't agree to English CVAs as a matter of principle due to the football creditors rule. Scotland doesn't have that rule, so they might. I don't know what the position in Wales and Northern Ireland is. Quote Link to post Share on other sites More sharing options...
RFC55 110,136 Posted May 14, 2012 Share Posted May 14, 2012 They don't agree to English CVAs as a matter of principle due to the football creditors rule. Scotland doesn't have that rule, so they might. I don't know what the position in Wales and Northern Ireland is.England and Wales generally have the same rules? Quote Link to post Share on other sites More sharing options...
jonbryce 63 Posted May 14, 2012 Share Posted May 14, 2012 England and Wales generally have the same rules?On legal matters, yes, but this is a football association rule. Quote Link to post Share on other sites More sharing options...
RFC55 110,136 Posted May 14, 2012 Share Posted May 14, 2012 On legal matters, yes, but this is a football association rule.Im pretty sure they work rather closely aswell mate Quote Link to post Share on other sites More sharing options...
charlene 26 Posted May 14, 2012 Share Posted May 14, 2012 A bbc spokesperson(didnt catch name) on news claimed HMRC might make an example of Rangers,due to more cases waiting to be brought.In effect we are a test case. Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted May 14, 2012 Share Posted May 14, 2012 A bbc spokesperson(didnt catch name) on news claimed HMRC might make an example of Rangers,due to more cases waiting to be brought.In effect we are a test case.They live in hope. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted May 14, 2012 Share Posted May 14, 2012 hmrc can win the case and still take the cva. its not like they are forgiving the debt so we don't have to go into administration. Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted May 14, 2012 Share Posted May 14, 2012 hmrc can win the case and still take the cva. its not like they are forgiving the debt so we don't have to go into administration.They would get over the fall out. Quote Link to post Share on other sites More sharing options...
sergio 1,199 Posted May 14, 2012 Share Posted May 14, 2012 Well I guess we will see, my question on it would be the 28 day cooling period, what if the small creditors complain, do they get told to fuck up and take what you get by the bigger fish ? Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.