laudrup11 0 Posted May 9, 2011 Share Posted May 9, 2011 Just Received this from a tim in work. for months he has been going on about some sort of CM Guru knowing everything and being spot on about Takeover and HMRC case. found it quite funny to see how evident their pain is. "The Guru - Let's get very clear here... Rangers FC will bear ALL of the tax case. Shareholders are not responsible for the liabilities of a limited company. So Whyte will not have to pay anything personally. So despite the soothing words issued by the Hun media, Whyte now has GBP18m at stake in Rangers... and stage 2 of the liquidation strategy will be to flip all of that GBP18m "investment" as debt on Rangers books (similar to the Glazers). So his "equity" (or the value of his shares will remain ridiculously low), but Rangers FC will owe Whyte and his backers GBP18m. They will make sure that they have security interests on that GBP18m debt (in fact- they have probably purchased the debt directly from Lloyds... so there can be no claims of having tried to hide assets from the tax man). MIH receives GBP1 (and FYI... Sir Davie will not see even a penny of that!) And Whyte (or a company he will have formed) will own the shares. (They have to offer the same price per share to every shareholder!) So, expect Whyte to sell as many players as possible this summer. The cash will leave Ibrox asap. (He will pay off his own and his backers initial investments). So when HMRC hit, the only sellable assets left will be Ibrox and Murray Park. (And even they are highly debatable and will take a long time to develop... years before money is made on them). If a new club forms and wants to have Ibrox back, he could sell for GBP10-20m... which would be a fraction of the cost of rebuilding. Of worst case, he redevelops the sites in a few years and pockets a few million profit from the whole deal. " 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted May 9, 2011 Share Posted May 9, 2011 Just Received this from a tim in work. for months he has been going on about some sort of CM Guru knowing everything and being spot on about Takeover and HMRC case. found it quite funny to see how evident their pain is. "The Guru - Let's get very clear here... Rangers FC will bear ALL of the tax case. Shareholders are not responsible for the liabilities of a limited company. So Whyte will not have to pay anything personally. So despite the soothing words issued by the Hun media, Whyte now has GBP18m at stake in Rangers... and stage 2 of the liquidation strategy will be to flip all of that GBP18m "investment" as debt on Rangers books (similar to the Glazers). So his "equity" (or the value of his shares will remain ridiculously low), but Rangers FC will owe Whyte and his backers GBP18m. They will make sure that they have security interests on that GBP18m debt (in fact- they have probably purchased the debt directly from Lloyds... so there can be no claims of having tried to hide assets from the tax man). MIH receives GBP1 (and FYI... Sir Davie will not see even a penny of that!) And Whyte (or a company he will have formed) will own the shares. So far, so good. (They have to offer the same price per share to every shareholder!) So, expect Whyte to sell as many players as possible this summer. The cash will leave Ibrox asap. (He will pay off his own and his backers initial investments). That is, of course, possible, but goes against everything that has been said to date and is therefore highly unlikely. So when HMRC hit, the only sellable assets left will be Ibrox and Murray Park. (And even they are highly debatable and will take a long time to develop... years before money is made on them). If a new club forms and wants to have Ibrox back, he could sell for GBP10-20m... which would be a fraction of the cost of rebuilding. Of worst case, he redevelops the sites in a few years and pockets a few million profit from the whole deal. " You can sense the desire for this to be true oozing out of it. Unfortunately for him, there are other, more likely scenarios if the worst came to the worst. 0 Quote Link to post Share on other sites More sharing options...
Craigy1881 79 Posted May 9, 2011 Share Posted May 9, 2011 Hmmm someone should have told Mr Whyte this because he is planning on renewing players contacts according to today's papers. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted May 9, 2011 Share Posted May 9, 2011 Hmmm someone should have told Mr Whyte this because he is planning on renewing players contacts according to today's papers. I'm sure he's changing his plans based on this revelation as we speak. 0 Quote Link to post Share on other sites More sharing options...
CumbernauldGers 0 Posted May 9, 2011 Share Posted May 9, 2011 Tbh it's more of the same crap we hear every day (including some new people on here) . They have to come out with something, rememeber these people are used to lying and being told lies on a daily basis so when we were taken over they have to lie, it's as simple as that. The truth means nothing to these people. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted May 9, 2011 Share Posted May 9, 2011 Anyone seen this Website, I came across it while googling. http://rangerstaxcase.com/2011/04/10/one-week-to-go/ 0 Quote Link to post Share on other sites More sharing options...
Craigy1881 79 Posted May 9, 2011 Share Posted May 9, 2011 I would be interested to see what the blogger thinks now after this This blog has been clear that it suspects that Craig Whyte is nothing more than a willing participant in an elaborate deception to distract Rangers fans and the Laptop Loyal from these events. Others tell me that Whyte really is trying to line up financing for a deal. Whatever his motivations, the story still has major credibility problems. No one in their right mind would pay anything approaching the amounts quoted for a business that has a Ã?£54m tax bill hanging over it. ‘Where is the fire?’ Why does Whyte want to move now? Anyone serious about owning Rangers will simply wait a matter of weeks until the result of the tax case is known 0 Quote Link to post Share on other sites More sharing options...
laudrup11 0 Posted May 9, 2011 Author Share Posted May 9, 2011 Tbh it's more of the same crap we hear every day (including some new people on here) . They have to come out with something, rememeber these people are used to lying and being told lies on a daily basis so when we were taken over they have to lie, it's as simple as that. The truth means nothing to these people. couldn't agree more mate I have worked with this Guy now for best part of 3 years and to begin with he was reasonable minded and seen things for how they are. however he moved his seat at the Phiggery this year to GB section and since then there is just no talking to him, he takes everything the so called Guru says as Gospel. It really is funny but at same time alarming how an intelligent guy can be brainwashed so quickly into becoming a blinkered moron. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted May 9, 2011 Share Posted May 9, 2011 Pete, I'm not going onto it but I believe it's the bigoted ramblings of Phil McGillivan, so it's best to ignore it. 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted May 9, 2011 Share Posted May 9, 2011 I think we will win the tax case also? nothing tangible just a good feeling about this season. 0 Quote Link to post Share on other sites More sharing options...
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