Jump to content

" Mr Daly failed miserably" D&P statement.


Recommended Posts

JOINT administrators Duff and Phelps made the following statement:

Paul Clark, joint administrator, said: "The allegations made in tonight's programme against Duff and Phelps are untrue, a distortion of the facts and highly defamatory. Discussions are already underway with our solicitors with a view to bringing legal proceedings against the BBC.

"We are also hugely disappointed with the irresponsible comments made by Mr Roger Isaacs who is clearly not in possession of the facts.

ad_choices_i_UR.png

"We had also hoped to give interviews stating our case on camera but received strong legal advice against this course of action, bearing in mind the legal proceedings Duff and Phelps have raised against Collyer Bristow. The BBC were informed in writing from our solicitors.

"We did however provide the BBC with lengthy written statements stating our position and we are publishing these on the Rangers website.

"In broad terms Mr Daly failed miserably to understand the difference between working capital arrangements for the Club and acquisition funding."

David Grier, said: "I categorically deny that at the time of the Craig Whyte takeover of Rangers, I had any knowledge that funds from Ticketus were being used to acquire the Club. This accusation is wrong, highly defamatory and betrays a lack of understanding of the facts.

"Neither I nor any of my colleagues at MCR provided any professional assistance to Liberty, Wavetower or Craig Whyte, in raising funds, performing financial due diligence, structuring or agreeing the terms of the purchase of the Club from the Murray Group.

"Financial due diligence and other work was provided by Saffery Champness, a firm of chartered accountants who specialise in this area and our primary role was to provide assistance to Liberty Capital in negotiating a settlement and assignment of the debt due to Lloyds Bank.

"The reality is that when my concerns about the use of Ticketus funding crystallised over the summer of 2011, I took immediate steps to raise these concerns with controlling directors of Rangers and HMRC.

"The email referred to in tonight's programme to Ticketus dated 19 April 2011 mentions the possibility of raising funds for working capital but does not provide any information of quantum or terms of such a proposal. To suggest this email establishes an awareness of Ticketus providing acquisition funding is absurd and ridiculous.

"Once we discovered the full extent of the funding relationship between Ticketus, Liberty Capital and the club, we took immediate steps to raise our concern with controlling directors of Rangers and HMRC."

Mr Clark said the administrators would not comment on the BBC's EBT allegations while the first tier tax tribunal was still active.

"We made a number of offers to assist the BBC in order they would not make the fundamental errors broadcast this evening and for some inexplicable reason the reporter Mark Daly declined these.

Link to post
Share on other sites

  • Replies 113
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

If it is true that the BBC refused to give details of D&P's comments, or refused to involve them in the documentary despite being offered their assistance, it does cast some doubt as to whether getting to the actual truth was even remotely on the agenda.

Link to post
Share on other sites

If the BBC are wrong then - bear in mind I haven't seen the documentary, I'm only going on what others say here - they will be sued.

From what I've gathered, they've aimed some pretty heavy stuff at D&P and one way or another we'll find out the truth soon. This won't be a protracted affair, we'll know the truth very soon - all D&P need to do is take legal action or not.

Link to post
Share on other sites

I believed Whyte after the first documentary...

But what is it they say?...

"Fool me once...."

I've no trust in D&P whatsoever.

what d&p knew and didn't know is of no interest to me. its the fact that they are whytes team and always have been.

that's always been my issue.

Link to post
Share on other sites

Was this really a serious documentary for grown adults? Where are we now?:a whole year ago Craig Whyte bought the club under false pretenses, but what blow has been hit, what magic bullet has been found, with anyone's fingerprint on it, beyond what is already out on the public domain? If all this publicity and innuendo is to be believed then Rangers is guilty of much more than either is already being contested in the courts, or in the hands of the administrator, or tax man; so where is the evidence, and who are the culprits? If they can't produce any, does that not tell us something?

Link to post
Share on other sites

JOINT administrators Duff and Phelps made the following statement:

Paul Clark, joint administrator, said: "The allegations made in tonight's programme against Duff and Phelps are untrue, a distortion of the facts and highly defamatory. Discussions are already underway with our solicitors with a view to bringing legal proceedings against the BBC.

"We are also hugely disappointed with the irresponsible comments made by Mr Roger Isaacs who is clearly not in possession of the facts.

ad_choices_i_UR.png

"We had also hoped to give interviews stating our case on camera but received strong legal advice against this course of action, bearing in mind the legal proceedings Duff and Phelps have raised against Collyer Bristow. The BBC were informed in writing from our solicitors.

"We did however provide the BBC with lengthy written statements stating our position and we are publishing these on the Rangers website.

"In broad terms Mr Daly failed miserably to understand the difference between working capital arrangements for the Club and acquisition funding."

David Grier, said: "I categorically deny that at the time of the Craig Whyte takeover of Rangers, I had any knowledge that funds from Ticketus were being used to acquire the Club. This accusation is wrong, highly defamatory and betrays a lack of understanding of the facts.

"Neither I nor any of my colleagues at MCR provided any professional assistance to Liberty, Wavetower or Craig Whyte, in raising funds, performing financial due diligence, structuring or agreeing the terms of the purchase of the Club from the Murray Group.

"Financial due diligence and other work was provided by Saffery Champness, a firm of chartered accountants who specialise in this area and our primary role was to provide assistance to Liberty Capital in negotiating a settlement and assignment of the debt due to Lloyds Bank.

"The reality is that when my concerns about the use of Ticketus funding crystallised over the summer of 2011, I took immediate steps to raise these concerns with controlling directors of Rangers and HMRC.

"The email referred to in tonight's programme to Ticketus dated 19 April 2011 mentions the possibility of raising funds for working capital but does not provide any information of quantum or terms of such a proposal. To suggest this email establishes an awareness of Ticketus providing acquisition funding is absurd and ridiculous.

"Once we discovered the full extent of the funding relationship between Ticketus, Liberty Capital and the club, we took immediate steps to raise our concern with controlling directors of Rangers and HMRC."

Mr Clark said the administrators would not comment on the BBC's EBT allegations while the first tier tax tribunal was still active.

Thataway to go get intae the tarrier bastards. :crabflute:

"We made a number of offers to assist the BBC in order they would not make the fundamental errors broadcast this evening and for some inexplicable reason the reporter Mark Daly declined these.

Link to post
Share on other sites

Good stuff.

Either D&P get stuffed or the BBC & Daly get stuffed.

No lose situation IMO.

Wi' any luck they all get shafted.

Sadly the club and the fans are the ones being shafted at every turn :( but we are Rangers and we wont die. Rangers then Rangers now Rangers forever. Let them hear the Ibrox roar NO SURRENDER!

Link to post
Share on other sites

i know the BBC were right about craig whyte but i can't help but feel the bbc are being fuelled by tims in high places. they try to put us in a negative light in everything they publish on us. even in match reports they leave out any mention of penalties we should have had, but if the opposition happened to have a penalty claim you bet your life they comment on it.

Link to post
Share on other sites

I have been concerned with the competance of D&P for a while now but the one thing that keeps me believing that they are not in cahoots with Whyte is that they are answerable to the courts and so if they were doing somthing dodgy they'd be throwing away their jobs and possibly even their freedom.

Link to post
Share on other sites

Well D&P are not daft they are a big company and they would not be contacting solicitors if they knew the bbc where right.

I said this about Whyte as well but he a menace and will try anything to get money and blame others we know that now.

D&P are different, even if Rangers fans don't trust them they are still not daft and are the best at what they do.

Link to post
Share on other sites

Hmm I heard this from someone else not so long ago....

Fk sake I think we have heard that from just about every one - I hope they are the first to ACTUALLY follow through.

It would be good to see someone challenge the bbc but I won't hold my breath

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share


×
×
  • Create New...