Rangers Banter Archive June 19 2013

19 Jun 2013 17:29:30
If hearts still owe money to HMRC and are looking for a CVA, surely events last year where HMRC stated they will not accept a CVA from a football club are a good indication that Hearts will end up in liquidation and the same boat as ourselves.
What happens to the SPL then? Not that I give a t*ss but are interested from our clubs perspective.

HMRC have little say in Hearts administration/liquidation as they are not the major creditor. They can't force liquidation but the two banks can

Would mean the same for Dunfermline, who have offered 1p in the pound. Much lower than the 10p in the pound chales green offered with his cva

The difference is that HMRC are not Hearts' major creditor and so will have no real say in whether a CVA is accepted.

Not giving a toss but interested?

The problem with HMRC, in the Ranger's case was that they the ''supposed'' largest creditor. The ruling on the 'big tax case' proved otherwise. One of the problems with these situations is that claimed debts are treated as valid.
billyb

It was national insurance and PAYE that upset HMRC not corporate tax or vat.

To 6] Maybe, but it was the amount of money involved in the 'big tax case' that made them the largest creditor.
billyb

Hearts owe 500,000 paye to HMRC due on Friday & there is no money to cover this.

You are wrong about HMRC having to go along with CVA. Tax debt is different to any other debt that why it is not time barred. Even if CVA agreed HMRC can demand full & final payment & Invoke a wynding up order. They may do this straight await to protect their positon should the PAYE go unpaid beyond tomorrows dealine. Hearts are destined to be a Newco.

@7/Dont be so silly. The BTC was undecided so had nothing to do with it.

Hmrc has given hearts lots of extensions to payments.

HMRC are not the major creditor.

By entering administration hearts are now protected from anyone taking action against them including HMRC. It is the administrators job to sort it out on behalf of the creditors.
As Romanov owns the floating charge for Tynecastle most or all of the money will go to his companies.

To 10] I don't think you understood the comments. The problem is just what you agree is the case i. e. When establishing the amounts due, the sums are based on a companies claims not what has been agreed as valid. [ these sums establish voting rights in the liquidation process. ]
billyb

@14: but the BTC had nothing to do with liquidation!

To 15] Obviously due to the amount involved, potential bidders were frightened to take it on. So it did sway the balance.
billyb

19 Jun 2013 16:45:08
Hearts go into administration does that mean that the players can refuse to transfer to anew owner and leave like Davis Wylde ect.

Wylde left at the start of administration voluntarily. Rangers let him go to save money/wages. Davis left freely because Rangers were liquidated. They went BUST. Hearts have not been liquidated and, therefore, are the same company/club. They are the same as Rangers were as of February 2012 (deducted 10 points, Hearts are getting 15 off), not quite at the June 2012 liquidation stage (have to start from the bottom as a newCo). Not yet anyway.

Really think the original post is a wind-up, cause if it's not.

19 Jun 2013 18:07:54
In a word, no. That only applies in a newco situation i. e. liquidation.

No, it is not a 'new company' running the club. They are only in administration they would need to be liquidated in order for that to happen.

Wylde had Bolton lined up and moved once Rangers went into admin

Dont get too excited the Gorgie Boys and Girls will turn the cash tap back on again now that Romanov and his cronies has been punted.

Davis might have left but the club received money from southhampton for him.

Unlike the administration at Ibrox there will be many people loosing there job within the next week.
High earners will be first to go.
All Hearts will be left with are youth players. Liquidation is a possibility.
Hearts debt outwith Romanovs cartel is only around £3-5 million.
Tynecastle could be sold to pay off Romanov's cartel & Hearts could play at Meadowbank

@7 meadowbank doesn't have the seating required to play in the spl.

@1 the hearts players can walk away because they haven't been paid so it doesn't matter whether they're the same club/company

19 Jun 2013 11:26:53
Graham spiers what a tw*t! Is that the best you can come up with, he said, she said!
How many different professional bodies need to say the same thing, we are still rangers football club! PB

Spiers is a rangers hater nobody with any sence should listen to the person

Jim Traynor: "They'll slip into liquidation within the next couple of weeks with a new company emerging but 140 years of history, triumph and tears, will have ended... No matter how Charles Green attempts to dress it up, a newco equals a new club. When the CVA was thrown out Rangers as we know them died."

Richard Gough: "The club I gave blood, sweat and tears for is dead. Whose fault is it? I don't care."

Naismith " I am extremely proud of the actions we took but I am disappointed and angry Rangers FC no longer exists in its original form."

UEFA need to clarify the issue and put this nonsense to bed once and for all.

If Rangers are the same club why the need to apply for the 'old' clubs SFA membership? Why the need to have a temporary licence granted to play in the Ramsdens cup? Why the name change from RFC to The RFC? Why did Walter, Green, Traynor and Gough all state this is a new Rangers? Why the three year ban from European football? Please don't bring the ECA into this as they asked the SFA for clarification and are a nothing organisation. Remember the no to liquidation protest, why the need for that? UEFA are pretty clear on the fact that if the club are incorporated into the company, and that company goes bust, the club has ceased.

19 Jun 2013 13:08:23
Spiers isn't a 'Rangers hater' he says he still believes that Rangers are the same club but he's pointed out the hypocrisy of Charles Green, James Traynor, Richard Wilson from the Herald & others so why not have a go at them? Can you tell me if he has misquoted any of them?

I've never once thought I was wasn't watching Rangers since it was announced we were to be liquidated just as if the tables were turned I likely wouldn't believe Celtic were the same club after going into liquidation I bet and 99% of bears would be the same.

Lesson is people generally believe whatever they want to believe.

Yea just like uefa said derry were a new club yet they use the coefficients that the "old" derry earned

Graham Spiers is a self proclaimed Rangers fan who went to ibrox as a kid. Fact.

I have made a similar post on this site some time ago. People can go on about Newco, PLC, registration, etc. for anyone inside of Rangers the only real question is it still feel like the team you have supported for a lifetime when you walk into Ibrox and watch the team in light blue - answer is yes and the legal/accounting/governance stuff is nonsense - same goes for Tynecastle by the way if it comes to that - does Romanov's tenure define Hearts - boll*cks

PS How you guys can tolerate Jabba at your beloved Club, I will never understand. I wrote to him several times asking that he tell the fans the truth and he never did once. He let your Club go down the stank when he should have been an early warning system. I felt if it came from him rather than an "obsessed Timmy" you would have paid heed, he stabbed you in the back then and is stabbing you in the chest right now.

@3. Rangers were always The Rangers. Before admin and liquidation the company was The Rangers Football Club Plc. So why bring up the THE Rangers. Know what your talking about before stating crap

I still support RANGERS, my son supports RANGERS, YOU are on a RANGERS website.
Doesnt matter what anyone says to me about sevco, zombies, blah blah etc etc.
Its all opinions and we all know what opinions are.

21 Jun 2013 00:00:44
It's a site for anyone to have banter about Rangers. Not just for Rangers fans.

19 Jun 2013 05:27:30
Why oh why are we not resigning Naco Novo? East Fife are looking at signing him and I can't imagine they'll pay him more than £500 a week. I know he's not one for the future but in a season when we're playing in Div 2 surely he'd be a bit of entertainment for the fans and could help develop the younger lads as he's one of the few guys we could get with big game experience.

Are you mad? Develop the young guys by keeping them out the team? By the signings made so far there will be very few young players starting this season.

Because he is 5 years past it his best, his best which wasn't that great either if truth be told.