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HMRC moves to put Rangers into administration


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That is a completly seperate issue and in effect would lead to SDM basically having to come back , my point is that Ticketus have no claim on their money once we go into administration , what Whyte did with it is bye the bye in that regard

 

You're way off the mark.

 

Whyte is trying to use his floating charge to appoint administrators.

 

HMRC are disputing the validity of that charge to appoint their own administrator.

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You're way off the mark.

 

Whyte is trying to use his floating charge to appoint administrators.

 

HMRC are disputing the validity of that charge to appoint their own administrator.

 

 

I know that , but what has that to do with the Ticketus deal , they just become another creditor

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That is a completly seperate issue and in effect would lead to SDM basically having to come back , my point is that Ticketus have no claim on their money once we go into administration , what Whyte did with it is bye the bye in that regard

 

I'm not sure that it is a seperate issue and it wouldn't necessarily mean that SDM would have to come back.

 

Whyte claimed that Ticketus had the money secured on assets on one of his other companies. We don't know what one but Ticketus are part of a large financial group and you wouldn't expect them to have worthless security, but who knows.

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I'm not sure that it is a seperate issue and it wouldn't necessarily mean that SDM would have to come back.

 

Whyte claimed that Ticketus had the money secured on assets on one of his other companies. We don't know what one but Ticketus are part of a large financial group and you wouldn't expect them to have worthless security, but who knows.

 

From what I have been told by my mate in the press their understanding is that if CW breached his agreement on buying the club SDM would be required (not forced I agree ) to take back control , again this is a seperate issue from the Ticketus money , it was not secured against Rangers

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