North Rd 2,860 Posted June 12, 2012 Share Posted June 12, 2012 It appears HMRC have not ruled out the possibility of a CVA at all but just the one proposed. Statement on Rangers Football Club"A liquidation provides the best opportunity to protect taxpayers, by allowing the potential investigation and pursuit of possible claims against those responsible for the company’s financial affairs in recent years. A CVA would restrict the scope of such action. Moreover the liquidation route does not prejudice the proposed sale of the club. This sale can take place either through a CVA or a liquidation.So the sale is not being undermined, it simply takes a different route. Liquidation will enable a sale of the football assets to be made to a new company, thereby ensuring that football will continue at Ibrox. It also means that the new company will be free from claims or litigation in a way which would not be achievable with a CVA. Rangers can make a fresh start." http://www.hmrc.gov.uk/news/rangers.htm Quote Link to post Share on other sites More sharing options...
sprotson11 147 Posted June 12, 2012 Share Posted June 12, 2012 It appears HMRC have not ruled out the possibility of a CVA at all but just the one proposed. Statement on Rangers Football Club"A liquidation provides the best opportunity to protect taxpayers, by allowing the potential investigation and pursuit of possible claims against those responsible for the company’s financial affairs in recent years. A CVA would restrict the scope of such action. Moreover the liquidation route does not prejudice the proposed sale of the club. This sale can take place either through a CVA or a liquidation.So the sale is not being undermined, it simply takes a different route. Liquidation will enable a sale of the football assets to be made to a new company, thereby ensuring that football will continue at Ibrox. It also means that the new company will be free from claims or litigation in a way which would not be achievable with a CVA. Rangers can make a fresh start." http://www.hmrc.gov.uk/news/rangers.htmI think they are saying quite the opposite, they want to pursue Whyte - so liquidation Quote Link to post Share on other sites More sharing options...
loyalfollower 1,543 Posted June 12, 2012 Share Posted June 12, 2012 C.v.a's dead. If they accepted it they wouldnt have been able to go after whyte or who ever else they have an eye on. In the long run hmrc may get more money back or after the investigation some folk could get a custodial. Heres hoping eh? Quote Link to post Share on other sites More sharing options...
ZeonBlue 378 Posted June 12, 2012 Share Posted June 12, 2012 So in doing so they can go after Whyte, Murray and everyone else including players, club officials, basically anyone who had anything to do with non payment of the correct amount of tax.[1] Are they saying that they will accept Green buying all the assets for 5.5 million[2] Are they protecting RFC from any further dealings regards this by rejecting the CVA.[3] Is this in some way admitting defeat in regards to the BTCFor me history is never broken but having endured all of the ups and downs of the last several months starting with a clean sheet seems not a bad position to be, you cant write or make documentaries about something that is no longer attached to the club, to me Rangers is Rangers end of. Quote Link to post Share on other sites More sharing options...
ScottBF2 3,540 Posted June 12, 2012 Share Posted June 12, 2012 You on drugs? Quote Link to post Share on other sites More sharing options...
Zulu 981 Posted June 12, 2012 Share Posted June 12, 2012 Iam just fucking glad its all over what are these fucking hacks in the mhedia going to do now they get what they wished for now lets see where the Scottish game goes now. Quote Link to post Share on other sites More sharing options...
will_1974 204 Posted June 12, 2012 Share Posted June 12, 2012 It appears HMRC have not ruled out the possibility of a CVA at all but just the one proposed. Statement on Rangers Football Club"A liquidation provides the best opportunity to protect taxpayers, by allowing the potential investigation and pursuit of possible claims against those responsible for the company’s financial affairs in recent years. A CVA would restrict the scope of such action. Moreover the liquidation route does not prejudice the proposed sale of the club. This sale can take place either through a CVA or a liquidation.So the sale is not being undermined, it simply takes a different route. Liquidation will enable a sale of the football assets to be made to a new company, thereby ensuring that football will continue at Ibrox. It also means that the new company will be free from claims or litigation in a way which would not be achievable with a CVA. Rangers can make a fresh start." http://www.hmrc.gov.uk/news/rangers.htmI read it the same way first time. I think what they mean is the club could have been sold thru liquidation or CVA. CVA is dead. Quote Link to post Share on other sites More sharing options...
North Rd 2,860 Posted June 12, 2012 Author Share Posted June 12, 2012 I read it the same way first time. I think what they mean is the club could have been sold thru liquidation or CVA. CVA is dead. Correct, was hoping saw a silver lining Quote Link to post Share on other sites More sharing options...
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