Rangers Football Club |
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tonyjaa
Paul McGrath WATP 55 not out Joined: 05 Apr 2010 Location: United Kingdom Status: Offline Points: 18157 |
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"Six links to Guardian stories have been removed from some search results, three of them about a 2010 controversy involving a now-retired Scottish Premier League referee, Dougie McDonald, who admitted lying about awarding a penalty in the Scottish FA Cup. The links have since been reinstated and can be found on searches for McDonald's name."
http://www.theguardian.com/technology/2014/jul/04/google-learning-right-to-be-forgotten |
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tonyjaa
Paul McGrath WATP 55 not out Joined: 05 Apr 2010 Location: United Kingdom Status: Offline Points: 18157 |
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RIP |
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tonyjaa
Paul McGrath WATP 55 not out Joined: 05 Apr 2010 Location: United Kingdom Status: Offline Points: 18157 |
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Glasgow Rangers are dead
http://www.bbc.co.uk/news/uk-scotland-glasgow-west-28231598 Edited by tonyjaa - 09 Jul 2014 at 6:49pm |
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irishmufc
Robbie Keane I love Vulvas Joined: 09 Aug 2011 Location: Dublin Status: Offline Points: 25085 |
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So this is actual liquidation as opposed to the administration 2 years ago? When would this take effect?
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Wings? They're only the band The Beatles could have been.
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tonyjaa
Paul McGrath WATP 55 not out Joined: 05 Apr 2010 Location: United Kingdom Status: Offline Points: 18157 |
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coyne
Paul McGrath Joined: 17 Aug 2013 Location: Sunderland Status: Offline Points: 15881 |
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It means Rangers can now sue the tax-man for damage losses over the last 2 years which could be a significant amount - In a nutshell; they got told to liquidate for no reason.
Edited by coyne - 09 Jul 2014 at 7:07pm |
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irishmufc
Robbie Keane I love Vulvas Joined: 09 Aug 2011 Location: Dublin Status: Offline Points: 25085 |
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Ya bollocks. I should've read the headline first
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Wings? They're only the band The Beatles could have been.
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tonyjaa
Paul McGrath WATP 55 not out Joined: 05 Apr 2010 Location: United Kingdom Status: Offline Points: 18157 |
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tonyjaa
Paul McGrath WATP 55 not out Joined: 05 Apr 2010 Location: United Kingdom Status: Offline Points: 18157 |
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In response to the release of the judgement of the Upper Tier Tax Tribunal (“UTT”) on HMRC’s appeal against the original decision of the First Tier Tax Tribunal (“FTT”) on the operation of the Employee Benefit Trust (“EBT”), a spokesperson said: “We are satisfied that the UTT has now published its widely awaited decision and note the contents thereof. We are pleased with the judgement which again leaves negligible tax liability and overwhelmingly supports the views collectively and consistently held by our advisers, legal counsel and MIH itself.
"We will therefore review the detailed content of the decision with our legal counsel and advisers to ascertain what action, if any, is now required by MIH. "The decision substantially reduces HMRC’s claim in the liquidation of the old Rangers Football Club. "While we have been successful in both the FTT and UTT, there are, as we have stated previously, no victors. This has been an exceptionally long, difficult and expensive process involving not just the FTT and UTT but also several approaches to resolve the matter with senior HMRC officials on a commercially sensible basis for all parties which were rejected. "MIH has, at all times, recognised that the tax tribunal proceedings stemmed from arrangements put in place during its ownership. They were introduced before legislative changes removed the tax efficiency of such arrangements from the end of 2010. "However, it is obvious that the much publicised existence of these proceedings over-shadowed Rangers Football Club for many years and tarnished the external perception of its value. There can be little doubt that despite favourable legal opinion, potential acquirers were therefore dissuaded from pursuing their interest during a period in which we were marketing the sale of MIH’s shareholding. "The case has also stimulated extensive press and social media comment, discussion and speculation, a significant quantity of which has been ill informed. During proceedings, it would have been entirely inappropriate for us to highlight fundamental misunderstandings or contribute to this public debate. "Notwithstanding all of this, it is abundantly clear that Rangers Football Club would not have gone into administration or liquidation had the purchaser fulfilled its contractual obligations and responsibilities. Similar to the resolution of the UTT appeal, we hope that that the relevant authorities conclude their investigations and commence proceedings at the earliest opportunity.” Sir David Murray |
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tonyjaa
Paul McGrath WATP 55 not out Joined: 05 Apr 2010 Location: United Kingdom Status: Offline Points: 18157 |
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There is a wearyingly familiar outrage doing the rounds at Rangers after the UTT ruling which upheld the club's appeal against HMRC over its controversial use of EBTs.
This was an important judgement because it ruled that, despite the distaste many have for EBTs and their perceived manipulation for tax-avoidance, Rangers nonetheless had stayed on the right side of the law. What the ruling shouldn't do - and I know this only too well - is forbid anyone among us from decrying the use of EBTs, at Rangers or anywhere else, as a crude means of abusing the law and, in effect, avoiding paying tax. Not for nothing were EBTs, when used in this way, widely referred to as "a tax loophole". Everybody and their granny came to know what was going on. My own view on EBTs hasn't changed. There have been different outcomes at various HMRC pursuits -such as at Aberdeen Asset Management and at the pre-2012 Rangers FC - but I viewed EBTs, when used as a vehicle for disguised remuneration, as a form of cheating. Evidently the British government felt likewise: they decided to put an end to the racket in 2010/11. At that point Rangers were force to write letters to various players saying they would no longer be able to compensate them in this manner. The tragedy that engulfed Rangers, springing from Sir David Murray's policies, to the wretched arrival of Craig Whyte, to HMRC's rejection of the CVA in the summer of 2012, has now spawned an industry of blame and witchhunt-calling. Some Rangers supporters remain upset - rightly - but phlegmatic about it all. Others, though, seek blame everywhere - at HMRC, at the SFA, at the (former) SPL, the media, at the BBC - everywhere except at the former Rangers itself. The truth of the matter is that the now dissolved Rangers FC plc was done-in by the very people who were charged with safe-guarding the club. Murray, Whyte and many of the old club's directors bore a very heavy responsibility. In June 2012 it was also HMRC who, at the crucial CVA vote, drove the stake through the Ibrox heart. A combination of accrued, unpaid debts by Rangers to the tax authorities totalling £21 million - it excluded any projected EBT bills - meant that HMRC in effect dealt the fatal blow. This was no witch-hunt. HMRC had the mere temerity of wanting its taxes paid. On the contrary, this was dire recklessness by those charged with safe-guarding Rangers. This was self-destruction. When I look back now to April, 2012, the words of Paul Murray, a former director of the club who tried to beat Charles Green to the rescue act, seem particularly honest. Murray and I crossed swords on a number of occasions over the Rangers saga but he always struck me as honest and conscientious in wanting to resolve a dire situation. Just weeks prior to the Rangers CVA being rejected, Paul Murray said: "In my view we have got to try to save the club. The CVA is the only thing that the Rangers supporters want. Speaking as a supporter, I do not want a situation where the club's history - the timeline - is broken. We are trying to save this club. "I am very clear: the club has had a number of misdemeanours over the years, and these have to be faced up to. The club has to be punished: I am 100% in agreement on that. We have done things wrong. But any penalties we face must be fair and they must be transparent." These days you very rarely hear such openness and clarity about the Rangers case from a Rangers principal. On the contrary, cyber lynch-mobs set after you if you dare to address the Rangers collapse as Murray did in these words. All this said, yes, there is absolutely redress that needs to be secured over the Rangers collapse. BDO, the liquidators, should ruthlessly investigate alleged fraud around the club over this period. So should the police who, to the best of my knowledge, still have an open book on the case. Pursuit of criminality in the destruction of the former Rangers should be relentless. But at some point, the re-writing of history will have to stop. No vendettas did for Rangers FC in 2012. On the contrary, this was a spectacular and tragic self-immolation. Spiers |
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Double Maxim
Robbie Keane Joined: 24 Sep 2008 Location: Sunderland Status: Online Points: 42950 |
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Can't access the link at present but anyone been on the Fields of Green site?
Article Singing the Blues is worth a read. Edited by Double Maxim - 13 Jul 2014 at 3:19pm |
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Double Maxim without doubt the greatest drink in the world
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tonyjaa
Paul McGrath WATP 55 not out Joined: 05 Apr 2010 Location: United Kingdom Status: Offline Points: 18157 |
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http://thefrontofthebus.blogspot.co.uk/2014/07/project-charlotte-plan-to-liquidate.html
the plan to Liquidate Glasgow Rangers back in October 2011 Duff and Phelps involved BEFORE being appointed administrators |
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tonyjaa
Paul McGrath WATP 55 not out Joined: 05 Apr 2010 Location: United Kingdom Status: Offline Points: 18157 |
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https://twitter.com/scotzine/status/490455067846524931
this journo shows some iron clad balls in writing this article - i pray for his safety from the sevco hordes now |
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tonyjaa
Paul McGrath WATP 55 not out Joined: 05 Apr 2010 Location: United Kingdom Status: Offline Points: 18157 |
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tonyjaa
Paul McGrath WATP 55 not out Joined: 05 Apr 2010 Location: United Kingdom Status: Offline Points: 18157 |
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this filth were beaten by Derby today - Moshni sent off for a headbutt
the fans currently wrecking Derby |
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Landon Donovan
Paul McGrath Sheldon Cooper Joined: 27 Aug 2010 Location: Neutral Zone Status: Offline Points: 15708 |
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How did Celtic do today, Tones?
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Irish Times Fantasy 6 Nations
League Name: YBIG League Password: YBIG |
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Stillhuntinghenry
Jack Charlton useless at posting links Joined: 23 Nov 2011 Status: Offline Points: 8149 |
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I was living in Manchester when they went on the rampage there, bunch of knackers |
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"Not one cent" - RTID on Mark Quigley's pay-off from Shamrock
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Double Maxim
Robbie Keane Joined: 24 Sep 2008 Location: Sunderland Status: Online Points: 42950 |
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You mean Celtic reserves LD.
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Double Maxim without doubt the greatest drink in the world
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