frost
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Posts posted by frost
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Not a legal expert m8 but who do you mean regards ticketus ? I simply cannot understand why this company handed this money over to Whyte in the first place. Were they mad? Whyte's business record was in the Daily Telegraph on the day he got control of Rangers. It's not as if no one didn't know his shambolic business history
The court was today informed that ticketus had reserved its position to pursue the liquidators for their wedge. Many appear to think things have been settled because the admin was signed off, the reality is that they are only just beginning and the final outcome will depend on the liquidators investigations and decisions taken on that or those investigations.
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You could and may be in for a surprise with regard to ticketus and their reserving of their options, as for the rest the liquidators will either uncover wrongdoing or they won't, of course it could depend on how hard they look.
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I doubt very much there was any conspiracy, just people who knew and know how to stay on the right side of the law if only just, it happens every day and will continue to do so.
Fred the shred is still walking the streets.
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They're not conducting their investigation for Lord Hodge though, they're conducting it for their own organisation and Lord Hodge will simply read the IPA's investigation report.
I could be wrong, but I can't see the IPA finding Duff & Phelps guilty of anything. It'll certainly be interesting to see how it pans out and whether or not Duff & Phelps still have a man on the IPA Council after the dust settles....
It will be interesting to see if the liquidators find any impropriety in any of D & P's actions.
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You're trying to pull my chain aren't you?......
.......Looks like Mark Daly must have "mispoken" on Newsnight the other week if the BBC have to be served with a court order.
I suspect Lord Hodge is unimpressed with the whole sorry saga not just today's proceedings.
Not at all fact is always preferable to chain pulling. The noble Lord is far from impressed by Duff & Phelps tardy late presentation of error strewn documentation, their QC Wolff is drowning in a sea of disbelieving stares from our noble Lord, is getting very interesting with ticketus having reserved their options.
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So Lord Hodge is at presiding over an imaginary hearing at this very moment?
It would appear that Hodge is presiding over a session that is not on the lists and looking very unimpressed with proceedings I am told. He may be forced to invoke a court order to have the bbc surrender their latest tapes to the court, which would suggest nothing being decided today.
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Strange things emails, fancy having the ability to reply immediately to correspondence received!
You said he got a reply to a correspondence he sent yesterday, yet he says he didn't know Lord Hodge was allegedly sitting until after 2pm today, does he have a Tardis, emails that transcend time barriers, maybe he is pulling your chain we aren't up tomorrow.
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Not quite, he sent a letter last night and got a reply today, that's the response to the reply (according to GDS).
Strange his correspondence refers to after 2pm today and is dated today 30/10/2012. He's at it isn't he ?
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I'm sure Mr Morrison will raise the matter if he feels his name and position are being used and abused, no?
OK gottcha it isn't from the Court of Session, it is gds sending to the Court of Session and he is awaiting a reply .
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Really?
Looks pretty definitive to me.
You would be correct there, honour and business being anathemas, a bit like bankers and robbers both the same thing.
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When do we get to see the official Court of Session email/doc contacting GDS, is there one ?
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In the same way as you have throughout the thread?
No I am not as precious as to be so definitive.
"It wouldn't have made a blind bit of difference".
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It wouldn't have made a blind bit of difference.
Johnston, Bain et al were being vilified left, right and centre by the RFC support for attempting to derail the takeover.
There was enough publically available information about Whyte and his modus operandi but virtually the entire RFC fanbase were too busy impersonating the three wise monkeys.
You left out in your opinion.
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You seriously think that would have made Murray revoke the Sophie's Choice he'd already made?
I don't recall saying it would have made murray do anything, but it would have been honourable and would have laid the collective report out in public for the fans to see, they didn't and no amount of excuses will cover that error of judgement.
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So doing the "honorable" thing would have made no difference then?
Good to see that you realise they didn't do the honourable thing by resigning and showing the report to the world and the fans, like I said honour and business just don't mix.
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they didn't resign they stayed and opposed the takeover. far more of a statement than walking out.
of course they were just accused of wanting to keep their club ties by some.
I nearly laughed opposed the takeover, who opposed it ? keep an eye on Whyte that was opposing it, you are right on one thing all they were interested in was hanging on to the tie and blazer.
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This is the first time any of the actual content of the report has been published rather than just hinted at.
The entire board resigning woul have achieved what exactly?
I would say it would have resulted in all the right questions being asked of Whyte, rather than inventing his wealth of the radar status, plenty of people had him sussed from his boiler room ops at MHG to his asset stripping and non payment of debts, plus his corporate office in Bath Street that looked more like a Janny's cupboard.
Honour and business just don't mix.
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THERE has been growing speculation recently that an announcement from the First Tier Tax tribunal is imminent.
The Club has no knowledge of when such an announcement will be made. However, the Club as it now stands as part of The Rangers Football Club Ltd. has been informed by Her Majesty's Revenue and Customs that any decision by the First Tier Tax Tribunal will not affect the operations of The Rangers Football Club Ltd.
This tax liability which is under consideration by the Tribunal is historic and was a matter for The Rangers Football Club plc ('oldco') which is in administration and will be subject to liquidation in due course.
The Rangers Football Club Ltd. is a corporate entity formed following the acquisition in June this year by a consortium led by Charles Green of the business and assets of Rangers, including the Club and its honours.
Unpaid tax liabilities led to the demise of 'oldco' and the EBT arrangements were part of 'oldco's' liabilities. As HMRC stated in June when they decided to vote against the proposed oldco CVA, no tax liabilities relating to 'oldco' would transfer across to the new company. HMRC have recently reaffirmed this position to the Club's tax advisers, Deloitte.
The Rangers Football Club Ltd. is a company free of external debt and all liabilities relating to 'oldco' are a matter for the administrators.
The impending decision of the First Tier Tax Tribunal once again calls into question the validity of the SPL Commission into the use of EBTs. They are clearly a matter for the old company and The Rangers Football Club is trying to rebuild as a great sporting institution.
http://www.rangers.co.uk/news/headlines/item/2515-statement-on-tax-tribunal
ETA It is quite possible there may never be an announcement regards this case, HMRC have already stated that the club is not their target, individuals are.
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I am beginning to wonder why old news like this has been dragged up again by the daily rheb, it couldn't possibly be the rhebs sports editor jabba showing us all how lucky we are that Green rescued us and by doing so ingratiating himself even further with Green, with a share issue allegedly looming ?
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I don't think he even wants it never mind already got it. I've seen him say many times he's simply not qualified for the job.
That should definitely qualify him, seems to be a favourite of the STV stable from what I have heard.
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More than a rumour that Dingwall is already measured for the blazer ? heard it from a production mate at STV.
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Pretty old news was reported by the Scotsman April/may time, which is why many asked why the board did not resign in their entirety after seeing the report.
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Murray also used the divide and conquer ploy.
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We have three amigos playing at being coaches, that is the extent of their philosophy lump it up the park.
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.......
Is Walter really what we need?
in Rangers Chat
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If Smith returns any pretense as to Ally being a manager will be killed stone dead.