:lol:
This is absolute quality. Sheer class.
[url="
https://www.youtube.com/watch?v=-HyPCe73fdw
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https://www.youtube.com/watch?v=-HyPCe73fdw
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Neil Lennon tweeted: “[font=HelveticaNeue]Important statement from the club today with regard to Mr Salmond’s quotes. Once again we have made our position clear.” 
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[font=HelveticaNeue]It seems the £24m Craig Whyte from mortgaging season ticket money was done through his own company and Ticketus may have fallen for a scam. His own company is called The Rangers FC Co Ltd but it’s not the actual club itself. :o[/font]
:lol:
Can’t believe the huns swallowed everything this career scammer fed them. They were apoplectic with rage when the BBC ran the documentary about his background refusing to believe any of it and putting it down to a ‘timmy mhedia’ agenda.
What a bunch of cunts. :lol:
Does that mean Rangers still have their season ticket money to mortgage?
No, Craig Whyte has it! :lol:
And Ticketus thought it was secured against assets of Rangers FC but it’s not secured at all according to he administrators today.
Strathclyde Police are investigating! :lol:
Celtic youth player Timothy Mjallby, Johann’s son:
[font=Helvetica]Really do feel sorry for the boys in blue going into administration. You are a massive club with a wonderful history full of great players, managers and fans alike. I would hate to see you fold. So lets all get behind them![/left][/font]
[font=Helvetica]C’mon Portsmouth!!!
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The administrators running Rangers have said they do not know the whereabouts of £24m which was lent to the club.
The money was lent to the club by Ticketus, a firm which hoped to profit from future season ticket sales.
David Whitehouse of Duff and Phelps said they did not have “visibility” of where the money had gone.
Meanwhile, former Rangers chairman Alastair Johnston has asked the Crown Office to investigate Craig Whyte’s acquisition of the club.
He said: “I have today written to the Crown office asking for an investigation into the background surrounding the acquisition of Rangers Football Club by Craig Whyte, and in particular whether there is evidence of fraud.”
A Strathclyde Police spokesman said: ‘We can confirm that we have been passed information regarding the ongoing situation at Rangers Football Club. This is currently being examined. It would be inappropriate to comment further."
Speaking about the “invisible” £24m, administrator Mr Whitehouse said he believed the funds went through a parent company account rather than the account of the company now in administration.
He added that the administrators were checking with Rangers’ former lawyers.
He said the Ticketus debt was not secured against the assets of the football club.
Continue reading the main story
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[indent]
We do not think that liquidation and the closure of the club is a likely outcome at all”[/indent]Paul Clark Rangers’ administrators
It means the ticket firm is unlikely to be repaid in full should Rangers exit the administration process.
Instead, Ticketus and other creditors would be asked to agree to a Company Voluntary Arrangement (CVA) to receive a percentage of what they are due.
Rangers FC Group, a separate entity from the club itself, remains solvent.
Ticketus loaned Rangers the money in return for flows of future season ticket sale revenue, a primary source of the Ibrox club’s income.
David Whitehouse, from administrators Duff and Phelps told a press conference: "Our understanding is that the funds from Ticketus didn’t come through the company’s account, they went through a parent company account so we haven’t got visibility on that.
“Ticketus don’t have security on the assets of the club.”
Ticketus have refused to comment on the Rangers season ticket deal, citing client confidentiality.
The Ibrox club entered administration on Tuesday after HM Revenue and Customs (HMRC) pursued legal action at the Court of Session in Edinburgh over alleged unpaid VAT and PAYE totalling about £9m.
Rangers are also awaiting the outcome of a tax tribunal over a disputed bill, plus penalties, totalling £49m.
Club chairman Craig Whyte, who assumed control of the club from Sir David Murray in May of last year, was reported on Monday as saying this potential liability to HMRC could reach up to £75m if the club lost the tribunal.
In a statement, Duff and Phelps’ Paul Clark said the administrators “are hopeful that a CVA can be achieved and these are measures that are put in place and deal with all of the club’s liabilities”.
However, Mr Whitehouse said a CVA was not imminent, adding: “We don’t know the quantum of HMRC debt yet because clearly the larger tax case hasn’t been decided yet.”
Mr Clark reiterated the administrators’ belief that Rangers “will continue as a football club”.
And he said: "We do not think that liquidation and the closure of the club is a likely outcome at all.
"We need to stabilise the financial position and ensure from now on income exceeds expenditure.
“We fully understand the 140 years history of Rangers football club and are taking steps to ensure this history will endure.”
Earlier, the Rangers manager Ally McCoist and his players were told that an immediate review of staffing was under way.
Job losses seem almost certain but there will be no detail until next week at the earliest.
The administrators also confirmed that they were considering several expressions of interest in the club.
Sorry, I didn’t mean season ticket money, I meant can they still re-sell the tickets if Whyte didn’t actual sell them in the first place?
This is hunbelievable. That ticketus crowd were taken for mugs it seems? Accountant types is this good news or bad for Rangers? Since they had assumed Season ticket money was already gone but now other creditors will be able to get part of it?
I see nacho novo is on his way to Legia Warszawa on loan
Ah it’s very hard to know.
Don’t think it’s good news anyway. The tickets were sold. When the huns get season ticket revenue they still owe it to Ticketus. The only good thing that could come of it for the huns is that when they exit administration if Whyte finds the money again and puts it into the club. So they have cash but won’t have to give it to HMRC because Whyte has it, not the club. That’s both very unlikely and probably fraudulent.
Cracker.
Terrific stuff. We really are an artistic people. 
The tickets were sold but so were all the other services they owe money on, so the ticketus crowd will just have to fall in line with other creditors?? The season ticket money can be divided up between everyone then? Good news for the other creditors as at least they have some asset to go after, although it’ll mean they have a big interest in seeing the club stay afloat
Well the future season ticket money isn’t an actual asset though. If that was the case then HMRC would just ask for (and be entitled to) the next 10 years after Ticketus and so on. The cash Whyte got for the tickets they’ve already sold is a liquid asset and will presumably be part of whatever settlement. I think Whyte was trying to pull a fast one by moving that outside the club so they could have less to divide up and then just reintroduce it at some point post-administration. It all seems very ridiculous though and the one thing that seems certain is that the more they mess about with HMRC the less likely they are to get any sort of compromise. It doesn’t make much sense that they needed the ticket money for working capital but it disappeared out of the club.
Is it normal for the leader/first minister of a country to plead with revenue to do a deal with a company that have been evading tax even while they had a separate tax case against them in the courts?
[quote=“The Runt, post: 36271”]i
Is it normal for the leader/first minister of a country to plead with revenue to do a deal with a company that have been evading tax even while they had a separate tax case against them in the courts?
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in the country known as sectaria this shit is too common-God help them if the SNP take control
It’s obscene but that’s always been the way. They’re the establishment club and nothing much changes. The whole discourse in the Scottish press has firmly moved to ‘Rangers must be saved’ type articles already. As someone said on Twitter: “[font=HelveticaNeue]Alex Salmond’s new Scotland: where singing an irish folk song is a criminal offence but tax evasion is subsidised by the government.”[/font]