chilledbear 16 Posted February 14, 2012 Share Posted February 14, 2012 Is this true HMRC asked judge 2 let them force admin because of NEW tax debts, not the EBT sum. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,059 Posted February 14, 2012 Share Posted February 14, 2012 Is this true HMRC asked judge 2 let them force admin because of NEW tax debts, not the EBT sum. Yes a fact which should not be lost in the furore. 0 Quote Link to post Share on other sites More sharing options...
Danny 0 Posted February 14, 2012 Share Posted February 14, 2012 David Murray: "I'm hugely disappointed at club bringing in administrators and at the timing of such." FUCK OFF. Incredibly antagonising and foolish comment to come out with. 0 Quote Link to post Share on other sites More sharing options...
Jim1955 12 Posted February 14, 2012 Share Posted February 14, 2012 Yes a fact which should not be lost in the furore. Reinforces the suspicion that Aministration was always the objective. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted February 14, 2012 Share Posted February 14, 2012 Reinforces the suspicion that Aministration was always the objective. Yep. Run up all sorts of debts post-takeover (and pre?) then go into admin and shaft all the creditors. Not the way Rangers should be conducting it's business and bitterly, bitterly disappointing in my opinion. Exactly the sort of thing we should have expected all along from Whyte though. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,356 Posted February 14, 2012 Share Posted February 14, 2012 As a bond holder, I believe I am an unsecured creditor. I look forward to receiving information from the administrators with interest. 0 Quote Link to post Share on other sites More sharing options...
Little General 80 Posted February 14, 2012 Share Posted February 14, 2012 Club Statement http://www.rangers.co.uk/news/football-news/article/2610942 FOLLOWING today's court proceedings in Edinburgh, Rangers Chairman Craig Whyte issued the following statement. "As a consequence of court proceedings instigated this morning by HMRC, the board of Directors has regrettably taken the decision to appoint administrators with immediate effect. "The Club did not want nor anticipate having to take this course of action today but had no option. We had hoped that continued dialogue with HMRC would mean that a decision on administration would not have to be taken for 10 days while all other avenues were explored. "Due to its cost structure, the Club has been loss making for many months.This situation has resulted in increasing liabilities and the Club has been in discussion with HMRC regarding these liabilities. "These liabilities combined with the threat of the outcome of the first tier tax tribunal left the Club no option but to formally restructure its financial affairs. "It goes without saying that administrators will work towards a solution that will be in the interests of the Club and its creditors. At no stage has a solution been sought where my personal interests were put before the Clubs. The Club and our supporters come first. "It remains our firm belief that the Club's future can be secured and we hope this period of administration will be as short as possible. "As Chairman and a Rangers fan, it is very painful to see the Club being deducted 10 league points but I would urge all Rangers supporters to rally round Ally McCoist and the team in these difficult times." David Whitehouse and Paul Clark, of Duff and Phelps, will conduct the administration. Paul Clark said: "As administrators we have a statutory duty to act in the best interests of all creditors and we will fulfil that function diligently. "We fully recognise the great history of this club and what it means to people throughout the world. "Whilst today is a sad day for Rangers, it also addresses the terrible uncertainty that has been hanging over the Club. The administration period, while difficult for all involved, will give stability to the Club in order to move forward. "I can assure all Rangers supporters that all aspects of the administration will be carried out with the interests of the Club firmly in mind. As a first step, the administration team will ensure that Saturday's match at Ibrox will proceed as planned and all other routine Club business will continue." 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,059 Posted February 14, 2012 Share Posted February 14, 2012 Incredibly antagonising and foolish comment to come out with. Murray's statement was as weak as it was pathetic. 0 Quote Link to post Share on other sites More sharing options...
54andcounting 0 Posted February 14, 2012 Share Posted February 14, 2012 Murray's statement was as weak as it was pathetic. Considering he put us where we are today he should be out the country keeping his head down. 0 Quote Link to post Share on other sites More sharing options...
way2go 0 Posted February 14, 2012 Share Posted February 14, 2012 Reading the club statement posted above by Little General it would appear that hmrc forced our hand.However,it states that "The Club did not want nor anticipate having to take this course of action today but had no option" This would suggest we would have taken this action at a later date anyway. I am going to refrain from Whyte bashing but I hope to God he knows what he is doing. 0 Quote Link to post Share on other sites More sharing options...
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