Rangers banter 62354


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15 Nov 2019 08:33:47
Just like all stories headlined by the newspapers we should be careful about getting too excited about the HMRC story in the Times.

I'm sure that there is no smoke without fire and that the story will develop but we wo t know the full detail until next year.

Like all legal disputes there will be two opposing arguments. David Murray's empire was struggling for cash at the time and most likely did not have the resources to really fight the tax demand particularly as the Big Tax case was so enormous. He was under pressure from the banks and needed out.

If as claimed the monies owed was over egged by +£50m there is going to be one hell of a mess to sort out.

I'd imagine that IOM and billyb will even come out and retract their complaints about DM and perhaps tone down their mistrust in DK! 😇.

Agree2 Disagree0

15 Nov 2019 09:04:54
Spot on Dk 19.

15 Nov 2019 17:23:05
Well the Bank called in the loan because they feared if we did have to pay HMRC they would be preferred creditors and the bank would have got nothing. Murray was told by the bank to sell. so the point and i know its all ifs and buts, is that if the debt was 20M and not 70M or even the 110M then the bank may well have allowed us to continue without selling as we were already paying back i believe 4M year or year to the bank.

15 Nov 2019 18:58:50
Wow DK read my post of earlier if Ed posts it . I say exactly the same thing In regards to David Murray . This is getting very scarey now .

15 Nov 2019 19:00:53
Exactly gees. This is infact the point . The bank wanted a piece of Murray, and the rangers scaremongering was the final straw for them.



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