http://scotlandonsunday.scotsman.com/football/Sale-of-Rangers-FC-39will.6650410.jp

 

Quote

Sale of Rangers FC 'will go ahead by mid-January'

 

Published Date: 05 December 2010

By Tom English

 

A DEAL to sell Rangers Football Club to Scots venture capitalist Craig Whyte will go though by the middle of January, according to senior sources at the club.

Whyte, 39, met with Ibrox chairman Alastair Johnston in Glasgow to discuss the purchase of Sir David Murray's shareholding in the club.

 

The proposed £33 million deal will wipe out the existing debt that has stymied Rangers in the transfer market for two years.

 

Yesterday, sources at Rangers said the deal, barring any late hitches, could be completed before Christmas but it is more likely that it will be done by the middle of January. "We can't say with 100 per cent certainty, but Whyte has the money and is very convincing. We think the deal will happen," said the source.

 

Murray has presided over Rangers for 22 years but has been keen to sell his stake for some time.

 

Hopefully the debt thing is not true as that is what is holding them back at the moment.

Less than £3 a head from a full Ibronx.

 

 

Didn't £100k of it come from a single donor as well?

@alextomo #c4news EXCLUSIVE fmr Rangers director makes new claims on how RFC broke SFA rules on player eligibility

several updates on the Scots Law website, you can see them all here: http://scotslawthoughts.wordpress.com/

Quite liked this one though:

 

March 18, 2012 · 12:24 am

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Rangers’ Administration – Round Up Part 3 – How Rangers Can Avoid Winding Up

 

 

 

 

 

 

 

……

 

 

 

 

 

Hmmm

 

 

 

……

 

 

 

Scratches head

 

 

 

……

 

 

 

 

 

……

 

 

 

 

 

…..

 

 

 

Nope – no idea how.

 

 

 

Posted by Paul McConville

Won't copy and paste it all but recommend reading this one: http://scotslawthoughts.wordpress.com/2012/03/18/rangers-administration-round-up-part-4-money/#more-950

 

Does bring into question just what the point of all these bids from Blue Knights, Hibs Fans and North Americans is all about.

alex thomson ? @alextomo

 

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First report on Rangers tonight - why did the Board/SFA/SPL and most of the Glasgow media allow David Murray to do what he did?

Channel 4 news should be interesting tonight

7pm

 

Gonna Sky+ that shit! I hope there are some fireworks

Notice Tom English is already having a pop at Alex Thomson on his tweets.

I know very little about tom english bar hearing him speak on traynors phone in a couple of times.  I quickly came to the conclusion that he is a cunt

what exactly is he saying?

what exactly is he saying?

Suggesting Alex Thomson was a lazy plagiarising journalist with no real exclusives.  Apparently back tracking a bit now

cuckoo 

 

http://leggoland2.blogspot.co.uk/2012/03/lennon-must-face-crackdown-from-regans.html

Notice Tom English is already having a pop at Alex Thomson on his tweets.

 

English was put firmly in his place by the rtc guy earlier too. 

That was a bit of an anticlimax.  Took a well directed shot at the SFA's total lack of governance and regulation but could have been doing with emphasising the cheating and the uselessly bias Scottish Media.

SUCCULENT LAMB.

I think alex thomson knows that there is more of this story to run. I think he's keeping his powder dry to release more "exclusives" in the future.

http://www.heraldscotland.com/sport/football/doubts-surround-rangers-ebt-defence.17102845

 

RANGERS’ defence that payments made to players via Employee Benefit Trusts were “discretionary” rather than “contractual” could be thrown out by a Scottish Premier League investigation, leaving the club open to wide-ranging punishments.

 

The investigation is still in its early stages and is being handled by the SPL’s solicitors, Harper Macleod, rather than the SPL executive. So far requests have been to Rangers’ administrators, Duff & Phelps, for documents going back to 1998. Paperwork has been exchanged and the administrators have complied with all of the requests.

 

SPL rules D9.3 and D.1.13 impose a prohibition on players “receiving payments for playing football or participating in an activity connected with football except where such payments are made in accordance with a form of contract approved by the SPL and require that all such contracts are submitted to the SPL within 14 days of being entered into”.

 

The essence of Murray and Rangers’ defence is that the payments need not be covered by a routine football contract. But that is open to question and the investigation could take the view that it would be absurd to claim a player received payments, even discretionary ones, into an EBT for any reason other than “participating in an activity connected with football”.

 

A decision will then be taken on whether the information provides prima facie evidence of any breach of SPL rules.

 

If so, and given the seriousness of the allegations and their repercussions, the case almost certainly would be passed on to a specially-created three-man Independent Commission, probably chaired by a Law Lord. It would be the Independent Commission, rather than the SPL which would make a final ruling and also apply any possible sanctions to Rangers. Because the allegations are unprecedented for the SPL, the governing body may take legal advice before applying any punishment if Rangers are found guilty.

 

Any potential punishments for a guilty verdict could be lessened if Rangers successfully argue that their breach of the rules was inadvertent, not willful, or was based on poor advice.

Christ. Is there no end to this?!

Christ. Is there no end to this?!

 

It seems not 

 

Christ. Is there no end to this?!

 

Actually I believe there is an end to this, unfortunately we're not going to like it when the Huns walk away scotfree with no more than a slap on the wrists at worst and SPL membership intact

Actually I believe there is an end to this, unfortunately we're not going to like it when the Huns walk away scotfree with no more than a slap on the wrists at worst and SPL membership intact

 

No way dude.

I can't believe you actually think they'll get a slap on the wrist.

Is this mebbes why the "other 10" that raceltic think are being disrespectful are trying to get ahead of the game a wee bit so that they can get concensus through them, and if the SFA play silly buggers with thier own rules everyone else can stand up to the Sfa and the ugly sisters?

Reading the rangers tax case blog and the scots law blog I don't see that this will be sorted anytime soon.  This will drag on for possibly years which will significantly stifle rangers. 

 

The two main issues aren't even near to being concluded, namely 1)The Big Tax Case, if this goes against Rangers, as the Scots Law blog said, there is no way they will exist in their current form and will go into liquidation.  What happens then is up for discussion but at best (for them) it will be back into an SPL with significantly altered rules and voting structure and with points deduction or other penalties for a number of years (they will also not be allowed to play in Europe)

 

2) The SPL independent enquiry into illegal payments/dual contracts.  If Rangers are found guilty the SPL will have a hard job not punishing Rangers given UEFA's stance on these matters and precedent in Scottish football for fielding ineligible players.  Of course if the liquidate the club the SPL would probably struggle to penalise Newco.

 

Either way both these issues will face repeated legal challenge and until they come out the other side Rangers will suffer as badly as they have the last few months.

 

There is plenty of enjoyment to be had from this yet.

Reading the rangers tax case blog and the scots law blog I don't see that this will be sorted anytime soon.  This will drag on for possibly years which will significantly stifle rangers. 

 

The two main issues aren't even near to being concluded, namely 1)The Big Tax Case, if this goes against Rangers, as the Scots Law blog said, there is no way they will exist in their current form and will go into liquidation.  What happens then is up for discussion but at best (for them) it will be back into an SPL with significantly altered rules and voting structure and with points deduction or other penalties for a number of years (they will also not be allowed to play in Europe)

 

2) The SPL independent enquiry into illegal payments/dual contracts.  If Rangers are found guilty the SPL will have a hard job not punishing Rangers given UEFA's stance on these matters and precedent in Scottish football for fielding ineligible players.  Of course if the liquidate the club the SPL would probably struggle to penalise Newco.

 

Either way both these issues will face repeated legal challenge and until they come out the other side Rangers will suffer as badly as they have the last few months.

 

There is plenty enjoyment from this to be had yet.

 

Yes please

 

Hope you're right

just die already  you horrid cheating club 

Wish someone would just grow a set and say enough is enough