Dirthy Filthy Hun Scumbag Vermin (deceased), liquidated & Green abondons ship

[glasgow sheep]

Guardian hack Lawrence Donegan on twitter:

 

BBC doc on Rangers in 2 days.hear it has chapter&verse on EBTs- names, contracts, amounts. apparently, scale of ebt (ab)use is "eye-popping"

 

also told BBC had access to "treasure trove" of documents - far greater than anything seen by SPL inquiry in Rangers.

 

Well they better be handing copies of these over to the bbc, hmrc and the fraud squad then. (I would say the originals but the shredder down at Hampden would be in over drive)

[glasgow sheep]

Arabtrust Statement:

 

Posted Saturday 19th May 2012

 

With the SPL meeting to discuss proposed new financial fair play rules scheduled for 30th May and the related ongoing uncertainty over whether a newco application may be received in the possible event of a Rangers liquidation, there remains a healthy debate amongst supporters about attempting to influence any decision which the Club may face in this regard, with many threatening not to renew season tickets and others seeking clarification on certain issues.

 

ArabTRUST has continued its dialogue with the Club on these issues and this statement has been prepared to maintain the lines of communication to Dundee United supporters with regards to the situation and its potential impacts.

 

We fully understand the powerful arguments in favour of sporting integrity when it comes to dealing with an application for re-admission to the SPL from a newco, should that situation arise. The Club has been made well aware of the strength of feeling amongst supporters on this issue. We have been assured that these factors will be taken into account in any decision facing the Club.

 

Additionally, it should be understood that the United Board must also take into account the financial well being of the Club in any such decision.

 

In this regard it is important to correct some ambiguous information regarding the financial consequences in order to allow an informed and balanced opinion to be reached.

 

The Club has four main budgeted income streams - season ticket sales, gate income, SPL distributions and commercial income. This year, the Club should receive some £1.4m in respect of SPL distributions. The SPL funds derive from all of the commercial contracts entered into by the centre, the largest one of which, the SKY/ESPN TV deal, accounts for almost 80% of the total funds distributed.

 

If Rangers were not in the SPL, the Club stands to lose gate and commercial income of approx £300k. For many of us, this is a price worth paying to preserve sporting integrity. Indeed, there is a strong argument that this amount could be recouped from the fruits of a more competitive league and a more equitable distribution of SPL monies. It is therefore misleading for some reports to suggest that SPL clubs are dependent on this source of gate income to survive.

 

Of far greater consequence however, is the potential impact on the total amount of centrally distributed SPL revenues. The situation with the SKY contract and the clause apparently stipulating four Old Firm games has been widely reported. The new contract has not yet been signed. If SKY decides not to renew altogether, as some reports suggest, it follows that the distribution to clubs would be reduced by some 80%. Based on this year’s figures, instead of receiving circa £1.4m, Dundee United would receive something like £300k – a reduction of £1.1m. Added to the shortfall in gate income, the Club would stand to lose some £1.4m, or 30% of turnover. For many other clubs, the relative reduction in turnover would be even greater.

 

A reduction in income of this sort of magnitude would have a serious impact on some clubs’ ability to continue trading without drastic action being taken, assuming this is even possible for some in the time available.

 

Even if the contract was renewed, but at a lesser value, it will be seen that any significant reduction will also have a serious impact.

 

There is little doubt that over the last few weeks, the attitude amongst many supporters has hardened against the re-admission of a Rangers newco to the SPL. This has been due, in large part, to the damning report issued by the SFA and also to what many regard as the unapologetic attitude and threatening, bully boy antics of certain individuals associated with Rangers.

 

However, it remains incongruous that in denying a re-admission, many completely innocent clubs may, in relative terms, be punishing themselves much more than the guilty party. This defies natural justice and, given such circumstances, it is understandable that some are reluctant to call for a “no” vote.

 

It is imperative therefore that the situation with SKY is clarified as a matter of urgency. As a national broadcaster they should be called upon to confirm their ongoing commitment to the SPL as a whole and not just appear to give the impression that their interest is solely based on the provision of four Old Firm games per season. This is additionally important given the Rangers management teams’ assertions that the transfer ban for season 2012/13 could cause them to finish in the bottom six of the SPL or indeed suffer relegation.

 

In the event of a vote on a newco application to the SPL, clubs must be able to vote on the grounds of sporting integrity alone, without the fear of the unknown preserving the membership of a club which has been found guilty of such serious breaches that the SFA considered terminating its membership.

 

We will maintain our regular communications with the Dundee United Board in order that they continue to understand the views of their supporters in this crucial matter for the Club and Scottish football. In the meantime, we would urge all Dundee United supporters to focus on supporting their club in the first instance, particularly by renewing or buying season tickets for 2012/13, to help ensure that revenues from this vital income stream are not impacted by the fall out of mismanagement at another club.

 

Comment - yoursay@arabtrust.co.uk or below with your Facebook, AOL, Yahoo or Hotmail login.

[glasgow sheep]

apologies, another long copy and paste

RTC:

 

Neil Doncaster’s intelligence-insulting interview on SSN this week places another few pieces of the jigsaw together as to how plans are shaping up to deal with Rangers’ corporate failure. Other blogs have already dissected this interview very well, so I will not dwell on the details. Instead, we will look at what is shaping up as the plan “to fix” Scottish football.

 

As we have discussed for several weeks, Doncaster wants Rangers in the SPL regardless of how much they owe HMRC or other football clubs. He wants them in the SPL regardless of whether cheating on a massive scale has occurred or not. Doncaster’s attempt to bluster his way to getting acceptance for the idea that a CVA and a newco-Rangers are the same thing is just stunning in its gall.

 

Doncaster is a key player in this dance. Therefore, I assume that he has been made aware of the Duff & Phelps plan. His interview this week was simply a crude attempt to blunt the impact of any accusations that might be contained within the BBC Scotland documentary to be aired on Wednesday night at 8pm. Either through an incredible degree of cynicism or playing the role of useful idiot, Doncaster’s cheer leading is key to a plan that will do more to destroy the Scottish Premier League than any loss of income from the temporary absence of a Rangers-type club from could ever do.

 

One must assume that Doncaster is actively delaying the report on the dual contracts. It would take less than twenty minutes for any lawyer to see that there is a prima facie case against Rangers FC. Demonstrating a prima facie does not require looking at every piece of evidence or even getting close to providing proof. It is literally a check that “on the face of it” there appears to be something behind the allegations. Doncaster denies that there is a “go slow” instruction on this investigation. In the fullness of time, it will become clear that something is amiss.

 

The law firm of Harper McLeod have been hired by the SPL to investigate if a prima facie case against Rangers on the dual contract issue exists. Let me help Harper McLeod out a little.

 

On 28 July 2001, Rangers played Aberdeen at Pittodrie. Rangers won the game 3-0. Making his debut that day was a German who would later go on to become General Manager of Bayern Munich, Christian Nerlinger. He also scored one of the goals. That game against Aberdeen marked the first game where the EBT scheme that is the subject of the ‘Big Tax Case’ interfered with the Scottish Premier League.

 

Harper McLeod should take a look at Nerlinger’s contract filed with the SFA. Next they should obtain Nerlinger’s contract documents and payment history from Rangers FC (IA)’s administrators. Comparing the contract to the payment history alone will expose payments of well in excess of £1 million that are not listed on his SFA-registered contract. There is your prima facie case, Mr. Doncaster. There is no need to investigate any further to demonstrate that Rangers have a case to answer and that an independent inquiry is required.

 

It is clear that Doncaster just does not care about the rules. He just wants a Rangers in the SPL next season. Doncaster’s “CVA / newco- what’s the difference?” routine presumably betrays some insider knowledge of how this pantomime will play out. My thoughts on how this will most likely end are laid out below.

 

Talk of a CVA is just window dressing to appease the less realistic element of the Rangers support. Whyte can pledge his shares in the club for £2 safe in the knowledge that a CVA is not going to happen. (Strictly speaking, Whyte himself can always scupper a CVA).

 

We are heading for a newco of some description. The key point, Mr. Doncaster, is whether Craig Whyte’s floating charge is still meaningful. If it is (and people with more advanced legal training than me cannot find a consensus on whether it will be) Whyte will be content to let this drama unfold. His friends at Duff & Phelps will continue to potter about while reality continues to sink in with the wider Rangers support. In the end, Whyte will play his trump card and call in a receiver who will sell all of Rangers’ assets to a newco for a sum that will go entirely to Whyte- stuffing all of the other creditors. A plan to achieve this outcome would explain a lot of Duff & Phelps’ actions over the last few months.

 

If Whyte’s floating charge does not support a legitimate debt (and I expect some court drama over this point), then Rangers’ assets will be sold to a newco and the proceeds divided among the creditors. They will be lucky to receive 5p/£ even in this path, but they would not get more in a CVA anyway.

 

A newco of some form is inevitable. The liquidation of The Rangers Football Club plc is also inevitable. The debate is not over whether the newco will enter Scottish football, but over how. If Doncaster’s dream comes true, and newco-RFC just start playing in the SPL next season without any penalties, then Scottish football is dead.

 

There are many other possible formulae for a fair outcome. Many Rangers fans want the newco to start in SFL division 3 and play their way to their place in the SPL like anyone else. It is also possible to have the newco pay an “entry fee” over a number of years that would serve as a deterrent to others. It would also serve, to a degree, as compensation for the carnage wrought on the Scottish game by Rangers during the years of Murray’s excesses. There are lots of ways to arrive at a fair outcome. However, the money-men who might own newco-Rangers will not want that and Neil Doncaster has their interests at heart. Sport? Fans? Mere irritations.

[BobbyBiscuit]

Aberdeen Football Club has issued the following statement regarding the ongoing situation in Scottish football with particular regards to Rangers Football Club.

 

Chairman Stewart Milne said "We are aware of the issues, concerns and opinions raised by our supporters with regards to the ongoing situation. These issues have taken up a great deal of my time, Duncan Fraser, the Chief Executive's time and that of our board of directors. The issues are complex and the situation remains extremely fluid. Events continue to move on a daily basis and therefore we feel it has been, and remains, inappropriate to comment publically on what might arise out of this.

 

"We will continue to give this matter our full attention and will do what we believe is in the best interests of Aberdeen Football Club and Scottish football and will communicate this to our supporters at the appropriate time"

[glasgowdon]

We're rolling over.

[TENEMENTFUNSTER]

extremely fluid

= pish

[glasgow sheep]

@markdaly2: Biggest EBT beneficiaries named, did Whyte really "dupe" Sir David and questions over the administrators. Tonight at 8 http://t.co/GGLkvTvt

 

[tlg1903]

brilliant smiley!

[glasgowdon]

Right boffins... how can I watch Panorama the night ootwith Scotland?

 

Proxy.

[Mentorred]

"We will continue to give this matter our full attention and will do what we believe is in the best interests of Aberdeen Football Club and Scottish football and will communicate this to our supporters at the appropriate time"

 

You mean after the fans have bought their season tickets??? 

[Jute]

Ayrshire Huns siding with Huns

 

KILMARNOCK chairman Michael Johnston believes a vote on changes to SPL rules dealing with clubs in administration is likely to be postponed for a third time next week as the ongoing crisis at Rangers unfolds.

 

 

Johnston has also suggested that, if the Ibrox club fail to reach a Company Voluntary Arrangement (CVA) with creditors next month, there is a strong case for allowing a “Newco” Rangers to retain its place in the SPL without any further sanctions being imposed. The 12 SPL clubs have already called off a vote on proposed new financial fair play regulations twice and are due to meet again next Wednesday to re- assess the situation. The CVA meeting proposed by the Charles Green-led consortium, who have signed a contract with Rangers administrators Duff and Phelps to purchase the club for £8.5 million, is not scheduled to take place until 6 June.

 

“I think the vote will probably be deferred again,” said Johnston. “I don’t think there will be any substantive decisions made on 30 May, principally because the CVA creditors meeting won’t take place until 6 June. So in advance of knowing how that is going to work out, I think it’s likely the SPL resolutions will be further adjourned. We will reconvene at a later date once there is more clarity on the CVA proposal and whether that has been accepted.

 

“The Newco situation has never arisen before and it isn’t yet on the agenda. So there are a lot of issues yet to be resolved. If the CVA plan for Rangers doesn’t succeed and they have to go down the Newco route, then looking at it from a legal standpoint as a solicitor with some experience of these situations in the past, I’d say it’s not going to make any great difference to the creditors. The Green consortium is going to pay the same amount of money whether it’s a CVA exit or a Newco exit, whereby they buy the assets from the administrators. I believe a contract has been entered into whereby the same amount will be paid either way. So the creditors will be in no different position.”

 

Whatever form Rangers emerge in post-administration, Johnston feels there is a strong case to suggest they have already been subjected to sufficient punishment. “The club is traditionally recognised by the football authorities as something separate and distinct from the people or corporate entity that owns it,” added Johnston. “So you better ask yourself at some point how much the club should be punished going forward for the errors of judgment of people in the past. The club suffered a 10-point penalty, the appropriate and only available penalty when it went into administration in terms of the SPL rules.

 

“It has been refused a Uefa licence by the SFA, so although it finished second in the league it won’t take up its place in the Champions League qualifiers. They have also had a transfer or player registration embargo imposed by the SFA for a year. So they are three very significant penalties, two of which are going to have an impact on them for at least another year. Anyone who takes over the club, who has done nothing wrong but simply has good intentions towards the club and its supporters, is going to have to deal with those consequences. Whether there should be more penalties imposed, which will have a further adverse effect on the club and new owners who are blameless, is a difficult issue to balance against the desire to inflict further punishment on the club due to the sins of previous owners.'

 

[glasgow sheep]

RANGERS will make a move for Hearts’ Scottish Cup Final hero Ian Black if they can overturn a 12-month transfer embargo.

 

The Ibrox club have already opened talks with the midfielder in the hope the SFA sanctions will be withdrawn, despite failing with an appeal at Hampden last week.

 

If they successfully quash the transfer ban through the Court of Arbitration for Sport they will try to make Black their first signing.

 

This has to be one of the dumbest stories I have ever seen, and if you were looking for an example of the way Scottish sports "journalists" cover the game to it service the old firm hordes this is it.

[maverick sheep]

This is the thing that needs challenged at every point... there is no place for a newco to retain!

 

A Newco doesn't have a place in ANY league. They must apply for a place.

 

Beat me to it. It's more than just a contradiction in terms, it demonstrates explicitly what we already know - that a 'newco' is just a sham (clear fraud) to keep the same entity in existence.

 

What really pisses me off is the notion that whatever is needed to keep sponsorship in the league HAS to be rangers. If we're talking a newco to make Scottish football more interesting then surely Third Lanark have as much right to 'retain' their place in the league? Course not, because no one outside Scotland has a clue who they were. The whole thing is being marketed in terms of what the NON-Scottish public supposedly want.

[One Bobby Clark]

  Right boffins... how can I watch Panorama the night ootwith Scotland?

 

 

 

Proxy.

 

On a scale of 1 to 10, with 1 being having the computer skills of an 86 year old grandad,  how easy is setting up a proxy?

 

Actually, even having to ask probably means I should just wait and read all about Panorama later.

[maverick sheep]

Preview:

 

Reporting Scotland

[Kowalski]

Right boffins... how can I watch Panorama the night ootwith Scotland?

 

Why would you want to watch Panorama when there's a Rangers documentary on tonight?

[TENEMENTFUNSTER]

They have to be utterly fucking fucked.

 

But they won't be.

[Kowalski]

alex thomson tweeting about 53 players having double contracts.

[TENEMENTFUNSTER]

alex thomson tweeting about 53 players having double contracts.

 

Mark Daly said 53 players and staff. Either way, it should be entertaining how Doncaster and the rest of the squad of bastards chart a way to squirm out of this. And they most certainly will and it will be nauseating.

[maverick sheep]

alex thomson tweeting about 53 players having double contracts.

Scottish Premier League statement confirms they want all ebts for all players in full which means they appear thorough. But delays whole process possibly for weeks which would not be unhelpful whilst CVA shenanigans grind on

 

If 53 players had double contracts forget re-engraving the silverware - that would be fraudulent on a grand scale. If...Hard to see any option except explusion.

[Kowalski]

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-18148818

 

[Kowalski]

Former Rangers owner Sir David Murray was the biggest beneficiary of an Employee Benefit Trust operated by the Murray Group and Rangers FC, according to documents seen by BBC Scotland.

 

From 2001-10, Rangers put £47m in to up to 87 sub-trusts for players, coaches and staff. Separate contributions were made by Rangers' parent company, MIH.

 

Sir David received £6.3m via an EBT.

[CtS]

Yet that cunt Doncaster wants these cheats in the spl.

 

Fans (and more importantly Chairmen) of all other clubs should tell them where to fucking go.

[Kowalski]

Souness 

 

McLeish 

[Dandy_Don]

They have to be screwed now surely?

 

And some of these individuals have to be facing legal problems as well as the club??

 

This is brilliant  ;D ;D