Rangers FC lodge papers to go into administration

lubo_moravcik wrote: »

Aye, crazy stuff.
Apparently there's an insolvency expert on Newsnight Scotland tonight talking about how deals of 5p to 12p in the £ are not uncommon, however, with regards to HMRC they will not do a deal when there is tax evasion involved

5-12p in the pound would only encourage more tax evasion.

lubo_moravcik wrote: »

http://news.stv.tv/scotland/rangers-debt-map/

Rangers debt map. Ordinary decent every day people are losing out here. Even a company on the Shankhill Rd are awaiting payment, tsk tsk

wow, thats some amount of creditors

Trust the media to twist this to sell papers.

Our debt is NOT £140m.

Depends on the tax case outcome.

I see they already included that in their calculations, they must know things nobody else does :rolleyes:

It could be 138m, but it could also be less.

I read on FF that the full number owed to HMRC could be around 93m (penalties included), so that would make the other debts less than 70m.

But not sure, since all papers give different numbers (Shocking, I know).

Nobody says we will, but it's also not sure that HMRC will ask for the full amount.

There's always a chance they'll settle for a smaller amount.

If HMRC are interested in using Rangers as a test case for bigger fish in England I can't see how doing a deal would be in their interest, they will just set a precedent which the English teams will use to similarly escape harsh punishment.

First I heard about that...

Gimme a second, i'll just get on the phone to Duff & Phelps and ask....:rolleyes:

How are we supposed to know?
All i know about that image you posted is that it's a screenshot from an iPad - coulad be from anywhere.

All i can assume is that the two you mention arent "Unsecured".

Tommy in Glasgow saying this.

Don't ask how i have this information,but it's came into my hands earlier today,it goes live either Tuesday or Wednesday.

The bottom line is the government will not be killing the Ranjurs,they will be doing everything to help them.

A heavily reduced bill for them will be made known to the world as i say in the next few days,the circus of the blue knights,ticketus,duff & phelps and craig whyte will be all over bar the shouting come the close of play Friday this week,exactly two months to the day since they began their whole BS song and dance.

As has been heavily touted in various places,a pennies in the pound deal (CVA)for all non football releated creditors will be put in place,10pence in the pound is what will be offered and accepted.

All football debt will be carried on and will be ALL paid in the long run,eventually...

The Craig Whyte fella will pocket a cool £3 - 5million for his efforts.

Ticketus will take £10million over a period of10-15 years,they will get a reduced number of tickets each season over a 10-15year period,and over the long run,that debt will be run down.

Duff and Phelps will clear around £2-4million for their part

The Blue knights will in total empty £13million in a big fecked off pot and everyone from the florist to the face painter can take out their 10p in the pound if they are lucky.

The tax man takes £11million from the big tax case

The PAYE song and dance thingy,gets paid at the cost of only £ 5million.

The little tax case is sorted also for £3.5million.

Total tax bill £19.5million over 8 -10years or 3-5years,still to be decided.

Income for big hoose currently £35million

Out goings prior to Duff and Phelps carry-on £45million

Out goings for next season less than £20million,

The payback will commence

lubo_moravcik wrote: »

Tommy in Glasgow saying this.

Don't ask how i have this information,but it's came into my hands earlier today,it goes live either Tuesday or Wednesday.

The bottom line is the government will not be killing the Ranjurs,they will be doing everything to help them.

A heavily reduced bill for them will be made known to the world as i say in the next few days,the circus of the blue knights,ticketus,duff & phelps and craig whyte will be all over bar the shouting come the close of play Friday this week,exactly two months to the day since they began their whole BS song and dance.

As has been heavily touted in various places,a pennies in the pound deal (CVA)for all non football releated creditors will be put in place,10pence in the pound is what will be offered and accepted.

All football debt will be carried on and will be ALL paid in the long run,eventually...

The Craig Whyte fella will pocket a cool £3 - 5million for his efforts.

Ticketus will take £10million over a period of10-15 years,they will get a reduced number of tickets each season over a 10-15year period,and over the long run,that debt will be run down.

Duff and Phelps will clear around £2-4million for their part

The Blue knights will in total empty £13million in a big fecked off pot and everyone from the florist to the face painter can take out their 10p in the pound if they are lucky.

The tax man takes £11million from the big tax case

The PAYE song and dance thingy,gets paid at the cost of only £ 5million.

The little tax case is sorted also for £3.5million.

Total tax bill £19.5million over 8 -10years or 3-5years,still to be decided.

Income for big hoose currently £35million

Out goings prior to Duff and Phelps carry-on £45million

Out goings for next season less than £20million,

The payback will commence

Tommy has just written his idea of what will happen if a CVA is agreed.
I don't really see his point.
That's what happens with a CVA - The business in debt makes an offer, and the creditors take a decision on it being acceptable.

lubo_moravcik wrote: »

He's saying this is the deal that is being put forward

And just who is he

lubo_moravcik wrote: »

You've never heard of Tommy in Glasgow?

I know plenty of Tommy's in Glasgow but if this is the Taxi driver that is on phone in's regularly excuse me if I take anything he says with a pinch of salt. Yes maybe what he said is the sort thing that may happen but he doesn't really know no one outside of the Admin and the creditors will have any knowledge of what may happen at the moment

Dempsey wrote: »

Basically he's making 'educated' guesses based on media reports and rumours. He'll claim that he was on the inside track if some of those claims are close.

D&P are assessing the takeover bids and trying to get new owners onboard before the judgements from tax cases are released. I dont think they are giving anything else much time at the moment tbh

Spot on Dempsey