simplythebest 11,453 Posted May 31, 2012 Share Posted May 31, 2012 Seems to be ever increasing panic (will not mention where) about this fee from Green and the consortium being a loan to be paid back, as if it's another Whyte senario.Whyte used Ticketus so built up debt with another company, being in debt to the people that own you isn't something that will be crippling. Perhaps we can't go mad with spending but finally living within our means is required, whatever happens with a CVA.Basically it's a non-story. Quote Link to post Share on other sites More sharing options...
Creampuff 22,630 Posted May 31, 2012 Share Posted May 31, 2012 It's fairly common practice in football. Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted May 31, 2012 Share Posted May 31, 2012 Whilst its not ideal, anyone comparing the scenarios is as daft as Leggo Quote Link to post Share on other sites More sharing options...
theiconicman 3,127 Posted May 31, 2012 Share Posted May 31, 2012 Seems to be ever increasing panic (will not mention where) about this fee from Green and the consortium being a loan to be paid back, as if it's another Whyte senario.Whyte used Ticketus so built up debt with another company, being in debt to the people that own you isn't something that will be crippling. Perhaps we can't go mad with spending but finally living within our means is required, whatever happens with a CVA.Basically it's a non-story.I'm sorry, debt is debt, no matter who you owe it too.What is important is how much, and how long you have to pay it back over. Quote Link to post Share on other sites More sharing options...
ray 105 Posted May 31, 2012 Share Posted May 31, 2012 I'm sorry, debt is debt, no matter who you owe it too.What is important is how much, and how long you have to pay it back over.Whytey has the answer to debt, he just blanks it. Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted May 31, 2012 Author Share Posted May 31, 2012 I'm sorry, debt is debt, no matter who you owe it too.What is important is how much, and how long you have to pay it back over.And you really think Green and company will be putting us into administration again because they're not getting their money quickly enough? It will be gradual, we may not even be in administration now if HMRC were open to pretty gradual pay back schemes. Quote Link to post Share on other sites More sharing options...
FUDGIE52 9 Posted May 31, 2012 Share Posted May 31, 2012 Don't the tarriers owe dodgy Des over £20m on loans we don't hear/read the mhedia going hysterical about that. Quote Link to post Share on other sites More sharing options...
Sobatai 70 Posted May 31, 2012 Share Posted May 31, 2012 I'm sorry, debt is debt, no matter who you owe it too.What is important is how much, and how long you have to pay it back over.Well, yes and no. Chelsea has massive debts to Roman Abramovich. Sunderland has enormous debts to Ellis Short. Aston Villa has huge debts to Randy Lerner. In most cases at least a portion of this debt is capitalised (turned into equity), which is good news for the club. Ellis Short loans the Mackems cash every year and is then generous enough to capitalise it. Quote Link to post Share on other sites More sharing options...
Sobatai 70 Posted May 31, 2012 Share Posted May 31, 2012 It will be gradual, we may not even be in administration now if HMRC were open to pretty gradual pay back schemes.Given the nature of the fellow in charge at Ibrox, I don't think it was unreasonable of HMRC to rebuff such a notion. Quote Link to post Share on other sites More sharing options...
Sobatai 70 Posted May 31, 2012 Share Posted May 31, 2012 Don't the tarriers owe dodgy Des over £20m on loans we don't hear/read the mhedia going hysterical about that.If you want a fairly comprehensive assessment of finances at the Eastern Necropolis, try this:http://swissramble.blogspot.co.uk/2010/09/celtic-if-you-know-history.html Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted May 31, 2012 Author Share Posted May 31, 2012 Given the nature of the fellow in charge at Ibrox, I don't think it was unreasonable of HMRC to rebuff such a notion.Not saying I blame them, just saying it would make even the Big Tax Case seem less daunting. Quote Link to post Share on other sites More sharing options...
Sobatai 70 Posted May 31, 2012 Share Posted May 31, 2012 Not saying I blame them, just saying it would make even the Big Tax Case seem less daunting.But the FTT is nothing to do with administration, it's the small matter of unpaid PAYE and NI that drove Rangers into administration. Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted May 31, 2012 Author Share Posted May 31, 2012 But the FTT is nothing to do with administration, it's the small matter of unpaid PAYE and NI that drove Rangers into administration.I don't think a potential 75 million bill has nothing to do with administration, it may not be decided but we have to think worst case senario. Quote Link to post Share on other sites More sharing options...
Sobatai 70 Posted May 31, 2012 Share Posted May 31, 2012 I don't think a potential 75 million bill has nothing to do with administration, it may not be decided but we have to think worst case senario.It was in the background, of course, but the immediate cause was unpaid PAYE and NI. Quote Link to post Share on other sites More sharing options...
Chef 436 Posted May 31, 2012 Share Posted May 31, 2012 I'm sorry, debt is debt, no matter who you owe it too.What is important is how much, and how long you have to pay it back over.by 2020 Quote Link to post Share on other sites More sharing options...
mick1271 533 Posted May 31, 2012 Share Posted May 31, 2012 It's the equivalent of me taking money from my holiday savings to pay my mortgage. Eventually I will need to put it back or no holiday . Another mhedia spun non story . 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.