Poor R*ngers Theads Merged.....

[DougJamie]

http://www.bbc.com/sport/football/40536272

 

Well I am glad that clears that up!!!!

 

Of course spending £47m on "wages" that have no tax, is just a benefit to the Murray group....???

What really gets my goat with this King Sevco pash is the fact that he thinks its just about Tic, what about all the teams that played against their stars that they could never afford ...............  I realise the SFA will never/cant do anything about this however the arrogance even when exposed is remarkable............

 

[DougJamie]

  

 

Odd one out time again

[antrin]

2 hours ago, DougJamie said:

http://www.bbc.com/sport/football/40536272

 

Well I am glad that clears that up!!!!

 

Of course spending £47m on "wages" that have no tax, is just a benefit to the Murray group....???

What really gets my goat with this King Sevco pash is the fact that he thinks its just about Tic, what about all the teams that played against their stars that they could never afford ...............  I realise the SFA will never/cant do anything about this however the arrogance even when exposed is remarkable............

 

Thank goodness King doesn't have a massive reputation for being a glib and shameless liar or Sevco and Rangers fans might be a wee bit worried...

 

er.... wait a minute... he DOES! 

 

 

It doesn't really matter if no benefit on the pitch actually happened  - as any team which does not disclose the totality of a remuneration package to its individual players automatically get docked the result.

That is a fitba rule.  They broke it - there is a penalty for breaking it.  All results achieved with even just one misregistered player should be amended to read as a 3-0 defeat.  That is a fitba rule, too.

What would be the point of having rules if they chose NOT to apply them to the biggest cheats?

Why would ANY fans of the other teams forced to play by those rules bother paying good/silly money into a business that systematically and openly cheats and lies. 

You'd be mugs to do that. 

 

 

 

 

[DougJamie]

3 minutes ago, antrin said:

Thank goodness King doesn't have a massive reputation for being a glib and shameless liar or Sevco and Rangers fans might be a wee bit worried...

 

er.... wait a minute... he DOES! 

 

 

It doesn't really matter if no benefit on the pitch actually happened  - as any team which does not disclose the totality of a remuneration package to its individual players automatically get docked the result.

That is a fitba rule.  They broke it - there is a penalty for breaking it.  All results achieved with even just one misregistered player should be amended to read as a 3-0 defeat.  That is a fitba rule, too.

What would be the point of having rules if they chose NOT to apply them to the biggest cheats?

Why would ANY fans of the other teams forced to play by those rules bother paying good/silly money into a business that systematically and openly cheats and lies. 

You'd be mugs to do that. 

 

 

 

 

Ok Antrin

 

Good points above

 

So come on, who on this forum can tell us what the football league/ cup / competitions would look like if Gers where penalized a 0-3 defeat in every match since 2001....

Would also mean that about 20 teams never  got relegated, Tic won 10 more titles, so on ..................

 

If I was Mr King...................... I would keep my mouth shut........................ I would hide in a cupboard

So far, under his stewardship they have spent £25m,. for a cup semi, 3rd in League and exit a stage 1 of Europe, also a manager resigning without him knowing, and of course saying that Tic have underachieved..............

 

His comment about spending more than they have, shows that lessons are about to be repeated............. Good..... looking forward to our match against The the Rangers in about 5 years

[DougJamie]

13 hours ago, Slartibartfast said:

 

 

Pessimist! Why do you think that we will be in the Lowland League in 5 years time?

 

Realist mate- so here is how it goes---------- The the Rangers 2018 rises from the Ashleys , has 9 internationalists playing against Dalbettie Star , on £10000 a week, in front of 40000 twats,  and somehow gets promotion again and again, losing out only to Hamilton in 2022 for Championship title........ they still play Simply the Best, play in Blue, play at Ibrox and Murray Park.......... they meet the mighty Saints in SPFL in 2023.............. and achieve all this with only £100m of other peoples money....  Incredible

[salmonbuddie]

http://fft.sm/fTMqgT

[melmac]

Came across the undernoted website and report whilst researching something else. Whilst not new, it makes very interesting reading from a tax and neutrals point of view.

Robin' bassa's.

http://www.theoffshoregame.net/wp-content/uploads/2016/05/Web-edition-Doing-SFA-for-Fair-Play-Main-report-updated.pdf

Edited July 18, 2017 by melmac

[Lord Pityme]

Saw this headline and nearly choked on my granola.... jeez Northampton are going to have a feckin massive squad..!

Rangers' Crooks signs for Northampton.

 

[antrin]

Aye.

i saw another headline, and thought, "that makes a pleasant change..."

'Crooks Gone  From Ibrox'.

Edited July 19, 2017 by antrin

[whydowebother]

[melmac]

I would say, hide the crown jewels but scottish fitba has not got a pot to piss in.

[melmac]

On ‎18‎/‎07‎/‎2017 at 1:03 PM, melmac said:

Came across the undernoted website and report whilst researching something else. Whilst not new, it makes very interesting reading from a tax and neutrals point of view.

Robin' bassa's.

http://www.theoffshoregame.net/wp-content/uploads/2016/05/Web-edition-Doing-SFA-for-Fair-Play-Main-report-updated.pdf

Anyway, the findings and recommendations of the report are undernoted. Whilst its what probably everyone would want to see, bar the obvious, I don't recall seeing / hearing about any report stating so.

Effective regulation is of fundamental importance to any sport. In all sports there will always be pressures to try to gain an unfair advantage through off-pitch activities. For this reason it is crucial that regulators are fair, effective and impartial. And since public confidence is critical for fan support and the viability of sports, regulators must also be seen to be fair, effective and impartial.

The cases analysed here shows the Scottish Football Association’s involvement, as regulator, in important decisions that had wide and far reaching impacts on competition in the Scottish game. The stakes could not have been higher. When Lord Nimmo Smith was investigating allegations of rule breaking at Rangers, the club might have been stripped of a number of titles. In the second case, the issue was the club’s entry into the Champions League – with implications for other clubs that might have competed instead, and for the national coefficient that determines future European access for all clubs.

The way in which the SFA dealt with these cases, which saw it present misleading evidence, hold obvious conflicts of interest and engage in inappropriate behaviour with regard to its regulated clubs, raises real questions as to whether the SFA is fit for purpose, or capable of being considered a fair and impartial regulator.

For too long, the response of the SFA and its senior staff to questions of this nature has been silence. Rather than ignore the obvious issues raised by the evidence highlighted in this report, the SFA should immediately take action to rectify their previous failings. This includes reporting to UEFA the inaccurate returns made by Rangers with regard to their European licence.

But the issues raised by this report can’t be dealt with by fixing past mistakes alone. We therefore recommend the establishment of a fully independent inquiry, as a crucial step to begin the slow process of re-establishing the legitimacy of Scottish football’s regulatory body. Such an inquiry should:

• Include in its governance structure, respected figures from outside of football who can bolster the independence of the process;

• Include in its governance structure and through submissions a substantial fan and club representation, from across all levels of Scottish football;

• Have a two-part mandate:

o Firstly, to assess the role of the SFA and the actions of key, senior staff in respect of each issue here, of wider issues of financial transparency, and others as deemed

appropriate by the inquiry itself; and

o Secondly, to learn from more accountable sports authorities in other fields and/or countries, and to recommend sweeping governance changes to the SFA if deemed

necessary.

 

[antrin]

The Offshore game report came out, as you know, a while ago.

May 5

http://www.theoffshoregame.net/475-2/

 I've been reading lots of online comment about it on various internet bampot forums.  It IS  a disgraceful indictment of the cheating, lying, corrupt management of our game.

 

The Scottish Mainstream Sporting Media have chosen to ignore it.

The SFA and SPFL are also trying to ignore it.

Just as they are ignoring the facts legally established by the Supreme Court decision in which David Murray admitted they gave out EBTs in order to be able to buy players they would not have been otherwise been able to afford.

St Mirren FC have ignored it.

 

They are all hoping that fans will continue to be mugs and buy season tickets, even though all the fans (including those of sevco) know that various titles and cups SHOULD be stripped, if the authorities applied the normal Scottish Football rule of all such cheating being penalised by the result being reinstated as a 3-0 defeat.

It's worse than that. A secretive deal was done for An asset stripper (Charles Green) to buy some of the assets of the dead club and start a new one (without being burdened by any of the debts racked up - even though the old club wasn't paying its taxes!) and the fitba authorities see no problem in the new club, sevco, claiming that though it's only a few years old, and though it so far has only won diddy leagues, that it has hunners of titles and cups in its less-than-a decade history.

This a blatant lie.  Why are journalists not questioning this?  Why do the fitba authorities allow the pretence to continue?

Why do all the other clubs, not even question this?

Cos the fans ARE mugs.  They fought back once and now seem to have rolled over.

Only in Scottish fitba does cheating go unpunished and the cheats are permitted to 'retain' their titles and medals.  All other sports at least try to right the wrongs committed against them, the athletes - and the fans.

I'm hoping Chris Froome somehow claims all the titles that Lance Armstrong had stripped.  Why not?

There is a new group of Scottish Fans who seem to be as devastated as I am with the moral collapse of a sport I once loved.

http://scottishfsa.org/

  I wish them well, but I don't think enough Scottish fans gaf....

Edited July 20, 2017 by antrin

[melmac]

Aye, the report could with an update. Just a pity those in uefa / FIFA are probably upto their own skulldugerry and not interested.

[Guest TPAFKATS]

Anyway, the findings and recommendations of the report are undernoted. Whilst its what probably everyone would want to see, bar the obvious, I don't recall seeing / hearing about any report stating so.
Effective regulation is of fundamental importance to any sport. In all sports there will always be pressures to try to gain an unfair advantage through off-pitch activities. For this reason it is crucial that regulators are fair, effective and impartial. And since public confidence is critical for fan support and the viability of sports, regulators must also be seen to be fair, effective and impartial.
The cases analysed here shows the Scottish Football Association’s involvement, as regulator, in important decisions that had wide and far reaching impacts on competition in the Scottish game. The stakes could not have been higher. When Lord Nimmo Smith was investigating allegations of rule breaking at Rangers, the club might have been stripped of a number of titles. In the second case, the issue was the club’s entry into the Champions League – with implications for other clubs that might have competed instead, and for the national coefficient that determines future European access for all clubs.

The way in which the SFA dealt with these cases, which saw it present misleading evidence, hold obvious conflicts of interest and engage in inappropriate behaviour with regard to its regulated clubs, raises real questions as to whether the SFA is fit for purpose, or capable of being considered a fair and impartial regulator.

For too long, the response of the SFA and its senior staff to questions of this nature has been silence. Rather than ignore the obvious issues raised by the evidence highlighted in this report, the SFA should immediately take action to rectify their previous failings. This includes reporting to UEFA the inaccurate returns made by Rangers with regard to their European licence.

But the issues raised by this report can’t be dealt with by fixing past mistakes alone. We therefore recommend the establishment of a fully independent inquiry, as a crucial step to begin the slow process of re-establishing the legitimacy of Scottish football’s regulatory body. Such an inquiry should:

• Include in its governance structure, respected figures from outside of football who can bolster the independence of the process;

• Include in its governance structure and through submissions a substantial fan and club representation, from across all levels of Scottish football;

• Have a two-part mandate:

o Firstly, to assess the role of the SFA and the actions of key, senior staff in respect of each issue here, of wider issues of financial transparency, and others as deemed

appropriate by the inquiry itself; and

o Secondly, to learn from more accountable sports authorities in other fields and/or countries, and to recommend sweeping governance changes to the SFA if deemed

necessary.
 

Too big for me to read, can you summarise over a pint in woodlands Rd tomorrow afternoon?
Your round

[melmac]

Aye, see'in it's you.

[Guest TPAFKATS]

Is you saying that he is fat?

No, that would be
You're round

[Guest TPAFKATS]

Is that you saying that I is fat?

I couldn't possibly comment

[BuddieinEK]

Is that you saying that I is fat?

No... Get the drinks in.

[Guest TPAFKATS]

That's a comment. [emoji4]

No, that was a post [emoji6]

[saintnextlifetime]

I agree with Drew on this one. .

[salmonbuddie]

.

 

 

[Callum Gilhooley]

39 minutes ago, Slartibartfast said:

One of your better posts.

It was certainly straight to the point.

[paulsmfc]

BBC reported today that SPFL won't take any further sanctions against Rangers in light of them losing the tax case. Hopefully there's some sort of process whereby the rest of the league demand sanctions. Strip the titles! In a separate report BBC saying that newco are up sh*t creek again financially and could be near liquidation.

[smcc]

 

This article from yesterday's Herald gives more detail.

 

23rd July

Rangers saga in new twist as 'oldcos' stalk the club

Ron McKay

Rangers saga in new twist as 'oldcos' stalk the club

 

 

 

71 comments

Get the latest local news straight to your inbox every day

 

IN another astonishing turn in the Rangers financial saga both the old company which owned the club and the new one in control are likely to face multi-million pound claims on their assets.

A London firm which buys litigation claims to pursue them through the courts has resurrected the company through which Craig Whyte bought Rangers, and also saved from being struck-off the one which Charles Green used to acquire the club after Whyte’s short and disastrous ownership. Both companies, Wavetower and Sevco 5088, believe they have legitimate claims on both liquidated funds and against the present club.

 

Henderson & Jones describe themselves as expert litigators and insolvency professionals who purchase legal claims and endeavour to get money back to creditors by pursuing their legal claims. The two principals are Philip Henderson and Gwilym Jones.

On June 20 Henderson & Jones were appointed directors of Wavetower (now renamed The Rangers FC Group). Eight days earlier they had joined the board of Sevco 5088. Wavetower had been struck off by the Registrar of Companies and Sevco was about to be. Less than a fortnight later they had completed the processes to secure both the companies on the register again.

They also joined the board of the associated company which was still trading, Law Financial, which Whyte founded. It holds a security over Sevco. Law, Sevco and Wavetower are ultimately owned by the Worthington Group which is now in liquidation.

Philip Henderson told the Sunday Herald that they were working with Worthington liquidators, Begbies Traynor, to "deal with and evaluate any claims the Worthington subsidiaries might have, or might be made against them. As part of that role we became a director of each of the Worthington subsidiaries".

He added that the company wanted to work with Rangers "oldco" liquidators, the accountancy firm BDO, "to help them get to a position where they can make a distribution to the unsecured creditors".

 

Whyte bought Rangers for £1 in May 2011 from Sir David Murray. The vehicle he used was Wavetower. A little over a year later, and after Whyte ran out of cash, the Rangers collapse left thousands of unsecured creditors out of pocket, including 6,000 fans who bought £7.7m worth of debenture seats at Ibrox.

Wavetower’s claim is that it is a preferential creditor and should be head of the queue for cash, in front of the tax authorities, in the liquidation. Wavetower, Whyte's then company, inherited a security over assets including Ibrox and Murray Park from Lloyds Banking Group after paying off Rangers £18m debt using future season ticket sales. The security was originally set up in 1999 because of Rangers ballooning debt.

BDO have resisted the claim and in court documents argued that it was based on a fraudulent scheme. However Whyte's acquittal on all charges would appear to bolster Wavetower's entitlement claim.

Last year a judgment by Lord Doherty put off any decision on the rights and wrongs of the claim until the conclusion of Whyte's fraud trial. Unless agreement can be reached this is likely to be tested in yet another Rangers court case.

BDO holds substantial liquidation funds, believed to be in excess of £30m, including £24m from the lawyers Collyer Bristow who acted for Whyte.

BDO will now also pursue more than 80 former players and staff, like Murray and former club captain Barry Ferguson, who benefited from an elaborate tax avoidance scheme – Employee Benefit Trusts, which the Supreme Court ruled were disguised salary payments. The recipients will be forced to pay back millions of pounds to the HMRC through BDO or face bankruptcy. It is believed that the Revenue has recovered more than £1bn from other of those schemes.

 

Following Whyte's calamitous ownership, in June 2012 Charles Green completed the purchase of Rangers' assets for £5.5m through Sevco 5088. The new Sevco claim will centre on the ownership of Rangers and the transfer of assets, such as the Ibrox ground and the Auchenhowie training complex, by Green to another of his companies, Sevco Scotland, and the substantial upward revaluation of these assets.

Green was later ousted and subsequently replaced by South African businessman Dave King. The company is now called Rangers International Football Club PLC.

In filings at Companies House last month by Sevco 5088, the company claims it has investments of £15,700,000, with just £1 in the bank. In a note to the accounts, the directors state: “The company believes it has been the victim of fraud, and as such, the directors are not satisfied that they have all the accounting records of the company and these financial statements are therefore prepared on the basis of the accounting information that the directors do have.”

 

One of the signatories is director Aidan Earley. Earley is a discharged bankrupt. In 2014 he was banned for five years from holding a directorship but in an rare move was allowed to remain as a director of Sevco. It is believed that this was connected to his battle over the ownership of Rangers.

 

The Sunday Herald contacted the liquidator BDO for comment about the Wavetower claim, without response.