Arkanoid
Well-Known Member
And the face painterMore money for BDO and their lawyers then.
And the face painterMore money for BDO and their lawyers then.
It just sounds too good to be trueThis is totally under the assumption this happens though. King has been on record saying that he’d like to bring back the oldco at one point when it became a viable option (which seems like now tbh). Seems logical though if we’re entitled to a good bit of compo that way and it gets rid of Ashley. From what I’ve read, BDO feel as if liquidation is incorrect, and therefore are holding onto the papers that finalise that process as a result of what’s happened. So King could technically do it if it’s all true, or at least that’s how it sounds! Unless there’s something I’m missing entirely (but I fucking hope there isn’t)
Politically and religiously motivatedNobody makes 50m mistakes without someone noticing.
Make no mistake this was a politically motivated and concerted effort from someone in hmrc to end us.
Rumours afoot that Murray was trying to recover someIt’s not new, it’s very very interesting and not negative
Can’t say more but will divulge if any admin is on
repeat not negative news
Murray will see this as an opportunity to restore his legacy in the eyes of Rangers fans and I can see him and King working together to go after this big time!I imagine King will go after this big time also hopefully someone has the guts to drag it all out..... David Murray time to redeem yourself a little go after them all the taxman every compliant person and the SFA.
Rumours afoot that Murray was trying to recover some
Murray will see this as an opportunity to restore his legacy in the eyes of Rangers fans and I can see him and King working together to go after this big time!
It really does as that would be the ideal scenario imo. I just can’t see us taking any of this lying down and not getting anything out of it at all. There’s surely some avenues that can be taken if this doesn’t come to passIt just sounds too good to be true
King won’t go near Murray
dYes....but the size and scale of the perceived Rangers tax bill was the threat to the Murray empire that HAD to be separated. He was FORCED to sell. When any Rangers debt was serviceable.
Imagine you or I had been to a doctor and told
that we had to amputate both feet or we were going to lose both legs later on. You then find out after several years that you were forced to cut off both feet when in actual fact there had been a mistake.... All you had was an ingrown toe nail on both feet that was easily treatable. We had both feet cut off for feck all. You missed out on feck knows what since then. Somebody pays for that. Somebody pays BIG for a 'mistake' like that !
Not so sure on that when there is significant mutual benefit to their legacy and the benefit of Rangers as an Institution!!More chance of King working with Craig Whyte than SDM.
How does this change folks views on SDM? He always said our debt was manageable.
I guess anyone who was a shareholder of oldco would have grounds to seek justice purely in a financial loss point of view as their investment was sunk by the HMRC
I really hope BDO and Murray really go in for the kill in this. I guess Dave King and his initial huge investment in Oldco will have a reason to get involved. What was his old shareholding worth?
one thing for sure this isn’t going away for a while yet
I'm aware that most of this will be oldco business but given how HMRC blocked a CVA with lies do we have a legal argument for compensation? Our turnover decreased by £30m as a result.
As I said they may have to as main shareholders but it could also change their viewpoint and outlook on each other too. I don’t think for 1 second Murray would ever be welcomed back to Rangers in an official capacity but in a joint action against HMRC for Rangers OldCo.....yes I could see it!King won’t go near Murray
If he sues HMRC for £100m and then donates it all to Rangers. Then he will move on my Chuntometer scale from Massive Chunt to just a wee Chunt!How does this change folks views on SDM? He always said our debt was manageable.
I guess anyone who was a shareholder of oldco would have grounds to seek justice purely in a financial loss point of view as their investment was sunk by the HMRC
I really hope BDO and Murray really go in for the kill in this. I guess Dave King and his initial huge investment in Oldco will have a reason to get involved. What was his old shareholding worth?
one thing for sure this isn’t going away for a while yet
Yes....because of a bogus threat of a tax bill that would bring down his entire empire and see Lloyds mis out on repayment of what we owed them. I get that. But he was forced to sell and that tax bill threat meant he could get just £1 as a sale. The club, ground, players etc etc were worth what? A wee bit more than a quid..eh?d
David Murray's conglomerate was under scrutiny by HMRC at he time and RFC was front and centre.
Now, I am by no means going to justify him, or his actions but think on the following:
Why (or who) persuaded/forced Murray to sell RFC to Whyte?
Answer: LLoyds Bank via Donald Muir.
How does this change folks views on SDM? He always said our debt was manageable.
I guess anyone who was a shareholder of oldco would have grounds to seek justice purely in a financial loss point of view as their investment was sunk by the HMRC
I really hope BDO and Murray really go in for the kill in this. I guess Dave King and his initial huge investment in Oldco will have a reason to get involved. What was his old shareholding worth?
one thing for sure this isn’t going away for a while yet
Let's hope so. If they do we should get behind them 100%Murray will see this as an opportunity to restore his legacy in the eyes of Rangers fans and I can see him and King working together to go after this big time!
How does this change folks views on SDM? He always said our debt was manageable.
I guess anyone who was a shareholder of oldco would have grounds to seek justice purely in a financial loss point of view as their investment was sunk by the HMRC
I really hope BDO and Murray really go in for the kill in this. I guess Dave King and his initial huge investment in Oldco will have a reason to get involved. What was his old shareholding worth?
one thing for sure this isn’t going away for a while yet
Ultimately his business empire had a detrimental impact on Rangers but I don’t think we can entirely blame him for that or the banking collapse. However, his ego got the better of him and nothing was quite enough for him hence all the bank debt and EBT nonsense. He sold the club to Whyte. Murray caused our troubles whilst others simply took advantage if them.
Yes....because of a bogus threat of a tax bill that would bring down his entire empire and see Lloyds mis out on repayment of what we owed them. I get that. But he was forced to sell and that tax bill threat meant he could get just £1 as a sale. The club, ground, players etc etc were worth what? A wee bit more than a quid..eh?
George imo you have summed up the whole debacle in 5 lines perfectly.HMRC in Scotland = OPUS DEI!
Be in no doubt. It is historically poisoned to it's very core. Together with senior academics they created the perfect storm on the blogosphere - with the demise of Rangers being the sole intent.
& yet people were trying to say the constant misinformation & untruths from media circles weren't financially detrimental. It pretty much legitimised the whole charade.HMRC in Scotland = OPUS DEI!
Be in no doubt. It is historically poisoned to it's very core. Together with senior academics they created the perfect storm on the blogosphere - with the demise of Rangers being the sole intent.
Unfortunately that remains a hypothetical turnover as far as RIFC are concerned. Our turnover has probably only ever increased.I really can’t see where we’d stand to gain anything at all financially.
Unfortunate analogy their brother. Might want to rephraseYes....but the size and scale of the perceived Rangers tax bill was the threat to the Murray empire that HAD to be separated. He was FORCED to sell. When any Rangers debt was serviceable.
Imagine you or I had been to a doctor and told
that we had to amputate both feet or we were going to lose both legs later on. You then find out after several years that you were forced to cut off both feet when in actual fact there had been a mistake.... All you had was an ingrown toe nail on both feet that was easily treatable. We had both feet cut off for feck all. You missed out on feck knows what since then. Somebody pays for that. Somebody pays BIG for a 'mistake' like that !
prize money, tv money, euro money, players walking away on a free, the redundancies of staff, not hypothetical it happened. We must have a case
It’s not new, it’s very very interesting and not negative
Can’t say more but will divulge if any admin is on
repeat not negative news
These are oldco issues mate.
He could, but hopefully there is a massive fall out from this. What low level paper gatherer, Lord, insider etc actually forced the sale. I think the financial impact of this could be secondary to the house of cards which may, and emphasis on may, be about to tumble.Possibly ... he has the brass neck to do so.
Murray too who might see this as a nice little earner.
From a purely personal point of view, I would love to see someone go after the SFA and SPFL in court.
Yeah mate 18mil and had sellable assets as in players valued at, at least double that. my Grandfather was a bond holder and My family where small shareholders in the old co. It hurts now as it did then that we lost it all due to lies, hate, corruption and incompetence.Prior to the sale RFC had a debt of 18 million which according to all reports at the time was sustainable as they were reducing it year on year.
Who wanted the sale to go through and for what purposes?
Do you really think Lloyds Bank were struggling for their money?
Dirty deeds were done at high levels within banking and government levels aided and abetted by HMRC.
I hope the board and Murray don't surrender as easy, on talksport they were discussing damages
You mean “feet nailed to the floor”Although I cannot (at least for the time being) offer definitive proof that the events surrounding Rangers 'tax problems' that were subsequently used as a pretext - if not to destroy Rangers, then to inflict crippling damage on the club - was nothing less than a carefully orchestrated plot hatched by the club's enemies.
It has long been my hope that at some future point a diligent investigative journalist would dig into the circumstances that brought all of this about and name names. That would make for interesting reading indeed!!!
Possibly. But could then the old company, after paying its debts with its millions in compensation then make a huge donation to the current company.Surrender ? Not quite. Trust me, nothing would please me more than to see every rat that put us through that ordeal held to account and for our club to be compensated. I could be wrong, and I hope I am, but surely damages would be payable to the company rather than the club. In that case would it not be the old TRFC plc. that would stand to gain ?
My money would be on a bald war criminal.Who engineered the HMRC situation ?
Surrender ? Not quite. Trust me, nothing would please me more than to see every rat that put us through that ordeal held to account and for our club to be compensated. I could be wrong, and I hope I am, but surely damages would be payable to the company rather than the club. In that case would it not be the old TRFC plc. that would stand to gain ?
John Reid?Although I cannot (at least for the time being) offer definitive proof that the events surrounding Rangers 'tax problems' that were subsequently used as a pretext - if not to destroy Rangers, then to inflict crippling damage on the club - was nothing less than a carefully orchestrated plot hatched by the club's enemies.
It has long been my hope that at some future point a diligent investigative journalist would dig into the circumstances that brought all of this about and name names. That would make for interesting reading indeed!!!