Miller bid is now unconditional according to Alex Thomson on twitter
I can't see how they can do this, no way will Ticketus and the creditors/HMRC accept that.
Let alone Whyte, he wants his money.
Anyone have a link to the press conference?
If HMRC have been using Rangers as a test case for bigger fish in Engand then they certainly won't let Miller away with this quite so easily, if he does succeed then he will be just setting an example for every club to follow on how to cheat the tax payer and get away scot-free. Millers plan for Rangers could end up costing Her Majesty's Treasury hundreds of millions if there were English teams even deeper into the scams that Rangers had been who could follow his precendent.
Unless HMRC cut a deal, but I highly doubt it.
Ticketus could be different, they've already dropped hints that if need be they will chase Whyte for their money.
Chris McLaughlin - BBC Sport
Looks like Rangers will be serving their punishments.
am i missing something?
If this works out without punishment does that mean every scottish club can wipe their debts every summer by using 'incubator' companies?
Surely the SFA/UEFA wont allow this precedent to be set.
A cynical person might suggest the likelihood that this loop hole will be closed after Rangers have used it.
in that case we should splash £100 million on new players at the start of the summer move all to celtics 'incubator' and probably actually pay about £10 million for them in the end.
Alex Thompson giving Paul Clark a bit of a grilling, I have to say some of his questions were a little unfair on Clark, it wasn't his fault that Rangers cheated and may get away scot-free, that will be down to the Scottish football authorities.
I would have loved him to ask Clark how the creditors would not have made more money from the liquidation of the club and sale of assets though. Surely just selling Naismith, McGregor and Davis alone would have brought the creditors a bigger return than the measly £11 million Miller is providing? Add onto that every other asset and a decent sized kitty could have been provided to recompense some of the victims of Rangers many years of financial crookery.
No chance Rangers would get more than £11m for those 3 given that clubs would hardball them and succeed.
Alex Thomson on twatter
I think HMRC will hold your 'history', i.e. Rangers plc, to ransom. Will Miller pay what HMRC want to get Rangers plc back into the newco? This will all spectacularly blow up in the SFA/SPL's faces as a newco goes straight into the SPL. Heads will roll over this yet, hopefully it will be Doncaster and Regan, two gobshítes regardless.
They can only hardball if there is no competition for the players, McGregor definitely would have a good few decent English teams looking at him and Naismith was Rangers' best player this season until he got injured...Davis probably wouldn't be worth much alright, but still the point is that throwing in the rest of the squad, the stadium and every other asset the club owns would have to provide alot more than £11m, even if everything went cheap.
Well well well, this does look like Miller has found a way out that shafts the creditors
It is amazing there are so many loopholes for companies to renege on their commitments and then just reappear
As for the football authorities in Scotland, well they are a joke if they do not impose sanctions.
Make no mistake, this is shafting the taxpayer (& Whyte!)
Their contracts become null and void (at the players wish) if Rangers transfer all their assets into a newco leaving the toxic debt with rangers plc. If they dont, those 3 have already negotiated release clauses into their contracts when they took pay cuts for the rest of the season.
Yes, because they've been so helpful up til now
I really don't believe anyone will just let this slip though.