der Berliner 3,290 Posted June 17, 2015 Share Posted June 17, 2015 Some debt break-down attempts from FF BTC - £72,000,000 including interest & penaltiesWTC - £4,200,000 we also owed HMRC £18,324, 285 according to the D&P report of 27/09/2012 Ticketus - £27,211,671 Dave King - £20,030,000 Debentures - £7,736,000 Trade & Expense - £7,033,666. Hope this helps. So if the BTC figure is removed, was the company ever insolvent at the point of liquidation? We had a long term loan with Lloyds payable at £1,000,000 + interest pa which was down to £18,000,000We had a revolving credit facility of £15,000,000 reviewable every year. We had normal trade debts as well as football debts but nothing unusual in that. In short the answer is no imo. It was said a few times that HMRC gives companies a certain amount of time (up to half a year, IIRC) to pay their bills. Especially if these companies have a decent pay record. Why they did that despite knowing of Whyte's troubles is another matter ... I would not be surprised if there was no in-house interaction at HMRC about that. Fact is that the numbers flung about with regards to our debt are liberal at best and you would expect a journo worth his salt would get these details right. I doubt that many journos these days know what salt actually is. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,302 Posted June 17, 2015 Share Posted June 17, 2015 Rangers you mean. We probably had a good payment record. Whyte was effectively running Rangers on his own so he was responsible 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted June 17, 2015 Share Posted June 17, 2015 Why did HMRC allow Whyte to go on as long as he did without paying? If you are going to continually peddle these conspiracy theories, it is you who has to provide the answers, not the questions. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted June 17, 2015 Share Posted June 17, 2015 Whyte was effectively running Rangers on his own so he was responsible RFC were responsible for the payments as it was RFC who collected those stoppages from RFC employees. Geddit? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted June 17, 2015 Share Posted June 17, 2015 Whyte was effectively running Rangers on his own so he was responsible Maybe they didn't know that. They are busy 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,290 Posted June 17, 2015 Share Posted June 17, 2015 RFC were responsible for the payments as it was RFC who collected those stoppages from RFC employees. Geddit? I seem to remember that Whyte was the only one running the show and knew where the money went*. He had an FD, but (according to that person) told him exactly what he had to do with regards to tax et al. Why the FD did not went public is another matter. And BTW, this is not about conspiracies, but how a club-comapny can be run and was. And if anything, it was dubious in the very least. This info is out there as well (can't remember the FD's name right now), so perhaps we stick the conspiracy standards as well as the assumption that Whyte could have been somehow stopped in-house, shouldn't we? *Remember the similarities in this respect under Green and his heirs. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted June 17, 2015 Share Posted June 17, 2015 Whyte had accomplices in rangers 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted June 17, 2015 Share Posted June 17, 2015 It's worth noting that duff and Phelps ran up millions of this debt to hmrc. But then why wouldn't they they knew we were going to be liquidated and wanted any money for themselves. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,302 Posted June 17, 2015 Share Posted June 17, 2015 If you are going to continually peddle these conspiracy theories, it is you who has to provide the answers, not the questions. Not just me. AJ too. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,290 Posted June 17, 2015 Share Posted June 17, 2015 It's worth noting that duff and Phelps ran up millions of this debt to hmrc. But then why wouldn't they they knew we were going to be liquidated and wanted any money for themselves. OldCo ... if anyone, it should be us marking this out. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.