Rangers Finances 2

 

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09 Jul 2017 15:11:15
Does anyone actually know how much oldco actually owe?
The company is in liquidation but can be taken out of liquidation I believe

Can you imagine the reaction if a deal was struck with creditors including hmrc for the debt to be paid say over a 10 year period

Take oldco out of liquidation then sit back and watch half of Scottish football cry

A mental one I know but I wonder if it could be achieved

With the size of our support and with the help of some backers it could possibly happen.

Agree3 Disagree41

11 Jul 2017 17:17:02
Whatever they owe? Where is the money or assets to pay it off?

11 Jul 2017 20:39:58
My point was that oldco has NOT been liquidated its in liquidation so can still be taken out of it.
Dave King has talked about this in the past.

Deals can be made with HMRC at a much reduced rate (Just look at some of the huge deals made in the past)
All that has happened in the big tax case is that they have said tax would be due -Nothing illegal has happened (Unless I have missed something)

I wonder if its possible that oldco can be prevented from liquidation

13 Jul 2017 04:54:48
That's not going to happen would cost millions probably

13 Jul 2017 16:47:02
The liquidators have recovered around 35 million pounds so far. Mainly from suing the solicitors and previous administrators.

16 Jul 2017 09:55:55
Fraser52, yes you've missed something. Don't worry about it though, your cuckoo dreams sound like they're keeping you happy.

09 Jul 2017 11:50:38
Having read the club 1872 statement there is mention of a call for investigations into all other clubs over the past number of years
Are we able to have some of these issues listed on here?
I know of debt being written off etc and the obvious crimes at the manky mob but what are the others and are any being investigated just now?

Agree7 Disagree12

09 Jul 2017 12:35:59
An excellent statement.

06 Jul 2017 14:42:13
Celtic want a review of what Lord Nimmo smith said about no sporting advantage - a specialist in tax law. This makes no sense this goes against the tax law of the time. that's like driving down a street at 40 mph and because they change the law and reduce that road to a 20mph 2 years later your now liable what a an absolute shambles. This has gone beyond football we need to smash these persons!

Agree5 Disagree31

07 Jul 2017 08:15:49
every team in Scotland benefited from rangers through that period should they not be as guilty and pay back tv money etc

05 Jul 2017 16:17:14
HMRC won the Big tax case (BBC news) at the Supreme Court over use of EBTs. As the article states it's not expected to have any material or financial impact due to the club now being owned by a different company otherwise it could have further compounded a tough week after last nights shambles although you have to feel sorry for the creditors owed money.

Agree8 Disagree9

05 Jul 2017 10:18:21
An now the Supreme Court has ruled in favour of HMRC in the Big Tax case. Can anything else go wrong? I'm assuming that this has no bearing whatsover on the current Rangers FC?

Agree4 Disagree15

05 Jul 2017 09:57:16
Just watched the Supreme Court rulling re the tax case and the rfc 2012 appeal has been rejected.

Agree3 Disagree0

04 Jul 2017 21:34:54
Much as I've always thought the Pedro appointment was a strange one and that the guy has shown no tactical prowess since coming to Scotland I really didn't expect that humiliation tonight.

An absolute nightmare and tomorrow morning be prepared to see BDO's appeal thrown out by the Supreme Court, another cause of celebration for obsessive fans of many Scottish clubs who hate us.

Agree6 Disagree2

30 Jun 2017 13:00:48
Listened to the Heart and Hand Podcast recently and thought it was interesting to hear about who Ashley had sold his shares too. He sold half to Club 1872 and the other half to a guy who has a company based in China or Japan? Apparently the guy is seriously wealthy! Not saying he's going to invest in the Club immediately but if we push a new share offer through in the future he may?
One thing he could help the Club with is breaking into the Asian Market. Cannot remember what the guy's name is but I do think that we will be hearing more about him in the future regarding our Club.
Thoughts Bears and if anyone knows anything about the new shareholder please Post.
Ed what about you? You know any info on the Chap? .

{Ed039's Note - I believe he is the investor we have been trying to force the share issue through at last 2 AGM for but that's just what I have been hearing from a couple folk, I know very little about the man)

Agree1 Disagree1

30 Jun 2017 21:22:55
i don't know how the deal worked but if it was Ashleys choice on who he sold them to then i for one would be very sceptical. if it was then i'd imagine he sold some to the fans group to try n appease us n the rest to a friend. keep a close eye!

02 Jul 2017 17:54:27
If he was Ashley's man then they'd be no sense in Ashley and his pals blocking Resolution 11.

02 Jul 2017 21:38:57
I'd imagine that Dave Karen no would have thought of that WillieWW. A bit like signing any player out there who would improve our team (even Naismith), he has got the best interests of the club at heart

03 Jul 2017 18:06:15
I think Ashley is in court again this week, he's probably cutting his losses at the moment and believe it or not we weren't worth the hassle.

24 Jun 2017 13:56:48
Clearly I'm glad to see the back of Ashley and the toxic deal they had in place.
Has anyone heard or seen any statement from Ashley or SD as to why they agreed to change the deal.

In some ways it seems to good to be true

I can't imagine the very public detail of the last contact would have been good for their image.

Agree1 Disagree2

24 Jun 2017 18:43:34
Dave king was very confident on the deal. i personaly don't think ashley turned a new leaf. i think he had something on him. we will never no. ashley dosent do losing. its a public humiliation for ashley, the war is over, we can now focus on our team, and let the board get on with there stuff. happy days.

09 Jul 2017 23:09:04
Wondered why your shirts are 12 months old?
DK says it was because they couldn't register a new design because the deadline had passed.
He made this statement 2 weeks before the July 15 deadline for registering new kit passes.
Fact is:
Deal required Club to pay for unsold kit.
DK boycott of SD means loads of unsold kit.
SD was about to win injunction against club for withdrawal of IP saddling ckub with an immediate £5m bill for unsold kit.
Board offered to push kit (which they would have had to pay for anyway) to fans in exchange for (i) SD dropping legal action and (ii) greater share of 'profits' from RST going to club.
This means that same kit that could have been bought for £25 3 weeks ago now being sold to bears for £55.
RST will have warehousing costs (to SD) , retail costs etc (to SD) . Profits will be negligible. But club will not have to buy £5m inventory from SD as per agreement. Because fans will.
Dave King = rip off merchant.

23 Jun 2017 22:48:12
story doing the rounds on twitter saying the new deal with sports direct doesn't start until 1st July and 93% of profits still going to sports direct. Hoping this isn't true!

{Ed039's Note - I don't see this being true, especially as the chairman made a statement stating the old deals had been ripped up with immediate effect, I am sure there are corporate laws against false statements and there would be consequences for that)

Agree2 Disagree4

24 Jun 2017 21:51:01
Rubbish

30 Jun 2017 02:04:23
King would definitely 100% not made any kind of statement until the Merchandise Deal had been changed!
If the Contract was not going to change in out favour until the 1st of July then that's when we would have been told. I do not even think King would have informed us of the impending date as I think he is the type of guy who keeps things quiet until any changes are finalised.

 


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