Madbadteacher Posted June 12, 2012 Share Posted June 12, 2012 Quote from: Jute on Today at 12:55:51 PM Does this mean no europe for three years at a minimum then as Newco will need to trade for three years to be able to produce 3 years audited accounts? Indeed it does Would it not, in reality be 4 years? Or will Newcohun be allowed to publish accounts in advance? Third year accounts couldna be published til after the end of the third year, ie the FOURTH year of (a hopefully dismal) existence. Quote Link to comment Share on other sites More sharing options...
Madbadteacher Posted June 12, 2012 Share Posted June 12, 2012 It's certainly not beyond the realms of possibility but there are issues with both sites. For example, would Milne or Bett want the ground to build flats on? Not likely considering the surrounding area. Tesco or the like is a possibility but again in the surrounding area there's a massive ASDA. There is every chance it's not Green - I'd be amazed if he has the money or the desire to go through with all this - but I still envisage it being used for football. Hope not though! That would be a first! Quote Link to comment Share on other sites More sharing options...
Madbadteacher Posted June 12, 2012 Share Posted June 12, 2012 A chance for SM to become a REAL Dons hero? Buy ipox/murray park and build hooses or industrial units on them. C'mon Stewartie, you know you want to Quote Link to comment Share on other sites More sharing options...
RedTilIDie1903 Posted June 12, 2012 Share Posted June 12, 2012 I would not be surprised if a few fans from other clubs had gone out and bought up all the closest/most likely names for NewCo. If not there is a beautiful opportunity awaiting Quote Link to comment Share on other sites More sharing options...
BobbyBiscuit Posted June 12, 2012 Share Posted June 12, 2012 There's already a tesco not far from Murray park so can't see them buying it. Still milngavie is one of the nicer areas in Glasgow, it's not out if the question for mp to be turned into a residential area. MP is built on land not considered suitable for houses I'm led to believe, but I'm sure there's someone on here who'll have a better idea about it than me. Quote Link to comment Share on other sites More sharing options...
Kowalski Posted June 12, 2012 Share Posted June 12, 2012 Latest Thomo blog: http://blogs.channel4.com/alex-thomsons-view/rangers-taxman-walk/1899 Quote Link to comment Share on other sites More sharing options...
Kowalski Posted June 12, 2012 Share Posted June 12, 2012 D&P statement: DUFF AND PHELPS, administrators of Rangers Football Club, issued the following statement today. Paul Clark, joint administrator, said today: "We have been informed by HMRC they will not support the proposal for a Company Voluntary Arrangement at the meeting of creditors on Thursday, June 14. "As a result of this decision, the Sale and Purchase Agreement in place with the consortium led by Charles Green will take effect and Rangers Football Club will continue within a new company structure. "The reasons HMRC have given to us for their decision to vote against the proposal are as follows. HMRC has cited its general policy of not agreeing to a CVA where there is strong evidence of non-compliance by a company with its tax liabilities. "HMRC had agreed to consider a CVA proposal along with all other options in the case of Rangers but having taken into consideration the extent of funds which will be made available to creditors through the CVA option, they have decided that it is not acceptable given The Rangers Football Club plc's level of indebtedness to HMRC. "It has also been made clear to us that other offers tendered for the Club, which took the form of a CVA, would have been treated in the same way and that the rejection is not a reflection of the Green consortium bid. "HMRC has taken the view that the public interest will be better served with the liquidation of The Rangers Football Club plc as a corporate entity. The Club will continue to operate as it has always done but within a new company structure. "HMRC consider that the decision will enable a liquidator to instigate a wider investigation into all of the financial affairs and management of the Club in recent years and to bring to task those they believe are responsible for its collapse. "Furthermore, HMRC believes there will be an enhanced recovery of funds for creditors by pursuing those individuals who they believe are responsible. "The consequence of the rejection of a CVA outcome is that sanctions will be applied to the Club by UEFA and that the Club will not be able to participate in Europe for three years and the new company will need the consent of the other SPL clubs to the transfer of the share in the SPL, in order for Rangers to continue playing in the SPL. "As we have always stated, administrators have a primary objective to ensure the survival of the company and in this case, this would have been achieved through a CVA. It was with HMRC's approval, that a proposal was placed before creditors for consideration. "However, it is the commercial view that the level offered within the CVA was not enough to merit departure from their normal policy of seeking a detailed investigation via a liquidator. "However, we have been left in no doubt by HMRC the fundamental reason for the rejection of the CVA proposal is the historical non-compliance with tax liabilities by the former owners and directors of the Club. "As we have stated previously, there is a binding contract between ourselves as administrators and Charles Green, who is leading a consortium to acquire the Club. "The creditors' and shareholders' meetings will take place at Ibrox on Thursday but the results of those meetings will now be entirely academic given HMRC's decision. "As soon as the CVA proposal is formally rejected, Mr Green's consortium will move towards completion of an acquisition of the business and assets of The Rangers Football Club plc. That transaction will be completed within a few days. "The sum payable to creditors will be £5.5 million, most of which has already been paid over to us by the Green consortium. "Over the coming months, we as administrators will continue to finalise the administration of the Club and we will work in conjunction with BDO who will undertake the liquidation process. "We would like to thank the staff and supporters at Rangers for their great determination and professionalism during a very difficult period for the Club. While the Club will continue to face difficulties in the short term, it will survive and continue to play at Ibrox." Quote Link to comment Share on other sites More sharing options...
capitalsharpie Posted June 12, 2012 Share Posted June 12, 2012 Could it be that Whytes decision to frantically appoint his own administrators DandP has backfired? I just wonder if, for example, HMRC had appointed thier own administrators from the start, they would have been able to work more closely with the hun finances to even out a path for a CVA. However, because HMRC now look at D & P as essentially not doing thier job properly and holding people to account and having vested interests within the club and such like, HMRC have been forced to be ruthless and merciless with them. Oh and by the way: YOU DANCER!!!!!!!!!!!!![move][/move] Quote Link to comment Share on other sites More sharing options...
dave_min Posted June 12, 2012 Share Posted June 12, 2012 MODS: Dirthy Filthy Hun Scumbag Vermin in Liquidation and Other News Quote Link to comment Share on other sites More sharing options...
glasgowdon Posted June 12, 2012 Share Posted June 12, 2012 MODS: Dirthy Filthy Hun Scumbag Vermin in Liquidation and Other News Done. Quote Link to comment Share on other sites More sharing options...
tlg1903 Posted June 12, 2012 Share Posted June 12, 2012 "I hope all the supporters of other clubs in Scotland will enjoy watching their clubs die a slow death financially if we are voted out. No ESPN, Sky or Rangers fans away support money. Mind you, some of the arrogant, small minded chairmen in the SPL and SFL deserve to see their clubs falter as they have only ever been interested in themselves, not the overall good of the game here." rangers fans are the french royal family's severed heads, arguing in the mud and not realising theyre dead. Quote Link to comment Share on other sites More sharing options...
TENEMENTFUNSTER Posted June 12, 2012 Share Posted June 12, 2012 They only cease to be members when they are formally liquidated. Quote Link to comment Share on other sites More sharing options...
Jute Posted June 12, 2012 Share Posted June 12, 2012 Great news today brilliant day to be in work to see all the huns greetin away. but the scarey thing is the fixtures for the SPL STILL HAVE THEM in the SPL next...season so when does the SPL vote to keep or kick them out? Surely todays news the SPL chairmen would have announced an emergency meeting for Friday or monday Not if they already have made their decision. Quote Link to comment Share on other sites More sharing options...
caledonia Posted June 12, 2012 Share Posted June 12, 2012 EDIT: Stuff from that webshite not welcome here. Quote Link to comment Share on other sites More sharing options...
Tyrant Posted June 13, 2012 Share Posted June 13, 2012 EDIT: Stuff from that webshite not welcome here. Quote Link to comment Share on other sites More sharing options...
caledonia Posted June 13, 2012 Share Posted June 13, 2012 EDIT: Stuff from that webshite not welcome here. You need to fucking grow up so we cant link to other football sites now or is it just sites you choose. Next we wont be allowed to say the Mods are hypocrites Quote Link to comment Share on other sites More sharing options...
glasgowdon Posted June 13, 2012 Share Posted June 13, 2012 You need to fucking grow up so we cant link to other football sites now or is it just sites you choose. Next we wont be allowed to say the Mods are hypocrites You need to stop being Abergreen. Having a wank over something on that site is up to you, just don't spread your perversions here. Quote Link to comment Share on other sites More sharing options...
Mentorred Posted June 13, 2012 Share Posted June 13, 2012 Can we stop the fighting and bickering, this is supposed to be a time of celebration Quote Link to comment Share on other sites More sharing options...
bloo_toon_red Posted June 14, 2012 Share Posted June 14, 2012 Chris McLaughlin reporting on twitter that Ally McCoist is to quit... Quote Link to comment Share on other sites More sharing options...
Tyrant Posted June 14, 2012 Share Posted June 14, 2012 But he doesn't do walking away. Quote Link to comment Share on other sites More sharing options...
CtS Posted June 14, 2012 Share Posted June 14, 2012 I asked a Hun mate of mine who he planned to support now, and he said 'rangers, I'd rather be a newco than a BigJockNewco.' Made me lol a bit. The McCoist news could be enough to push him over the edge though. Quote Link to comment Share on other sites More sharing options...
Kowalski Posted June 14, 2012 Share Posted June 14, 2012 Must be hellish being a hun, even more so than normal. Quote Link to comment Share on other sites More sharing options...
BobbyBiscuit Posted June 14, 2012 Share Posted June 14, 2012 Took 9 mins for the CVA to be rejected at this morning's meeting. D&P claiming it will be another 6-10 weeks of administration. I really can't see there being a huns fc at all next season. Oh... and Charlie Green is claiming a new huns will be called "The Rangers FC". Shite patter. Quote Link to comment Share on other sites More sharing options...
Tyrant Posted June 14, 2012 Share Posted June 14, 2012 As Bobby mentioned: Chris McLaughlin,BBC Sport "New trading name for #Rangers is: The Rangers Football Club" Quote Link to comment Share on other sites More sharing options...
mizer Posted June 14, 2012 Author Share Posted June 14, 2012 I presume they have to be out of admin to apply to get into the SFL? Quote Link to comment Share on other sites More sharing options...
Germany v 
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Germany v Scotland - kick-off 8pm
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