Brian Swanson reporting live here on SSN from outside the Scottish High Court. He says the huns are due in court on March 30th for a 4 day enquiry. 
They may not be in existence by then. More takeover money appears to have gone missing and HMRC, the players (via their pension fund) and Whyte himself are all contesting the ownership if a bank account.
They were also reporting today that Whytes solicitor was caught with £3m. The administrators and the police are investigating where this money has come from. :lol:
Jim Whyte that cunt getting his knickers all in a twist on SSN as he puts on his spectacles to read out a statement to the viewers from the SFA stating that in their belief “Craig Whyte isn’t a fit and proper person to be ie involved in association football”.
Great to see the SFA finally catching up with what they were told months ago. Funny seeing some of the media (who were adamant that the rumours about Whyte were unfair and completely unfounded) desperately scrambling back to revise their opinions of the great saviour of the huns.
Here’s the report from SSN from this afternoon anyway:
Larry, call it and put The Rangers out of their misery FFS!
I hear that Whittaker and Naismith are to take 75% pay cuts. While they may well be dirty huns, that is commendable
naismith has a long term injury- he will be out for another season at least- if “the” rangers go bust he will get zilch for the next few years at least-the rest will get new clubs
As TASE has said they’re both injured for the long-term. I expect there’s some sort of insurance deal behind the scenes on that one as it’s effectively the insurance companies who would presumably have been paying their wages at the moment.
According to the BBC the huns have reached an agreement “in principal” (sic) on wage cuts and are therefore hopeful of seeing out the season. That’s all very positive for them but it’s not sustainable over any sort of length of time and that’s before the tax judgement sends their debt skywards.
Purely financially if they wanted to remain in existence as the current company they’d be better off getting rid of the players than wage cuts because they can’t afford them. And I doubt they’ll be able to stand in the way of any of them leaving in the summer. But they obviously want to maintain the facade of the club to keep alive their hopes of selling the club to someone and without any players, or hope of fulfilling fixtures, that would be impossible.
Is the reason not that they are holding onto them so they can recoup some transfer fees for them in the summer when the transfer windows reopens?
They could possibly be technically free agents due to the terms of their contracts being changed significantly? I know that happened with a few LOI clubs.
But that would be at the player’s behest? No?
I don’t know the ins and outs of it really. If the players depended to be released from there contract they would probably be entitled to it, but ya if they don’t demand it then they could get a transfer fee out of it. Any agent worth his salt would be able to get the decent players way more money by having them as a free agent.
While that is true, the huns most tangible assets are genuine huns - Naismith, Davis, Laffery, McGregor, Whittaker etc. So you’d expect them to try and get something for the club given the perils they are in.
Lads, in all seriousness spare a thought for Port Vale who have went into administration in recent days.
Decent blog from Alex Thomson of Channel 4 News who has been in Glasgow investigating this story:
[font=verdana]Last week I asked for non-Rangers and Celtic fans in Scotland to give me their observations on the current Ibrox detox. Several hundred emails later, I surface to bring you the first of a series of blogs.[/font]
[font=verdana]First of all, a big “thank you” for the hundreds of emails and tweets. It is clear that very few Scottish football fans are of the Ahmedinejad tendency – almost nobody wishes to see Rangers ‘wiped off the map’. But when it does come to proper and fitting punishment, a strong consensus exists, of which more later.[/font]
[font=verdana]What comes through strongly is the belief that the Rangers debacle is a genuine opportunity to rebuild Scottish football on a more interesting and fairer model. Ramsey spoke for almost everyone when he wrote: “Most see this as the perfect opportunity to better the league and the game as a whole.” A chance to recreate genuine competition in the SPL and consider wider matters beyond the “the self-interest of not just the old firm but the entire SPL.” [/font]
[font=verdana]The key observation though, is that the current focus on owner Craig Whyte and declaration of his not being “fit and proper” to run a football club is missing the point.[/font]
[font=verdana]As non-Old Firm fans see it, the decade or more long practice at Rangers of allegedly paying players one amount for tax purposes but another larger amount to save around £45 million on tax via so-called employee benefit trusts began way before Whyte. Legal or illegal. A least one former director has publically confirmed this too.[/font]
[font=verdana]Rosaleen said: “It all stemmed from before Whyte’s arrival, and yet nobody up here from the media is doing any serious investigating beyond him!”[/font]
[font=verdana]Though that doesn’t square with recent significant revelations in both the Sun and Mail shedding light on Ranger’s alleged practice of paying stars one sum but telling the authorities they were paying another, to save millions in tax. We await judgement from a tax tribunal as to whether or not this practice was legal. That is actually happened is not apparently in dispute, it is the legality that is under question.[/font]
[font=verdana]And here we get to a huge groundswell of opinion from aggrieved fans beyond the Glasgow cauldron (pace Partick Thistle) Because the rules clearly state that you have to tell the authorities full details of player contracts or they are ineligible. If Rangers did not do this – and it is still an “if” pending that tribunal – a decade of silverware, championships and glory is under possible forfeit. The stakes could not be higher. If that is the case, Tony writes:[/font]
[font=verdana]“In effect Rangers have fielded many players over many years in all competitions who were ineligible to play. This is confirmed by former Rangers director Hugh Adam last week and is subject to a current commission of inquiry by the Scottish Premier League.”[/font]
[font=verdana]And it was also confirmed by Mr Adam who told the Mail the practice had gone on for longer than a decade and predated the SPL.[/font]
[font=verdana]What many fans cannot understand though, is how key individuals in the game were serving both as directors of Rangers FC and on the Scottish FA and SPL. The job of directors – beyond trotting along to Ibrox and sitting in the box in a suit – is to oversee proper governance of the football club.[/font]
[font=verdana]Campbell Ogilvie, for instance, is current President of the SFA and was not only a director of Rangers during the period under investigation but also company secretary of the club. It was his job to know about contractual arrangements with players.[/font]
[font=verdana]So far Mr Ogilvie has not stood aside from his current role whilst the SPL investigation is underway. How many such contracts were signed? How many did he see? Did he know about them at all? If he did, did he sanction them being signed off? If he didn’t – why wasn’t he doing his job? Is there not a conflict of interest in his current position?[/font]
[font=verdana]We are currently putting these and other questions to Mr Ogilvie via the SFA, but as things stand we are told he is not doing any interviews but is ‘distancing himself from the current investigations’. When we asked if he has formally stood aside pending the outcome of the investigation, we were told he has not.[/font]
[font=verdana]As one fan put it: “If it is held to be true that Rangers, in implementing an unlawful tax evasion scam on a huge scale, fielded ineligible payers whilst those responsible were serving as directors of the regulatory and licensing bodies, we can say with certainty that the game of football in Scotland has been corrupt for 15 years or so.”[/font]
[font=verdana]One Clydebank supporter put it thus: “I am now reading that I’ve been ploughing my hard-earned cash into a league that has effectively been rigged in favour of one big side…but now I’m expected to just move on.”[/font]
[font=verdana]This is the key area fans want some answers about and where – right or wrong – they feel they are being short-changed by what they see – time and time again – as an over cosy relationship between the Old Firm, the SFA and SPL, and the Glasgow media.[/font]
[font=verdana]One oft-repeated refrain is: “The media in Glasgow keep telling us how much Scottish football needs Rangers – what they mean is how much they need Rangers, not Scottish football.”[/font]
[font=verdana]Nobody likes a cheat in sport. And here it’s claimed we have one in the shape of the loudest, biggest club with what some see as a tawdry history of bigotry, violent fans and a frankly supremacist culture. So when the bully and the cheat gets his comeuppance, there will be some vitriol.[/font]
[font=verdana]If anything though, I was surprised by the considered responses most made to Rangers’ implosion. But of course there’s real anger out there:[/font]
[font=verdana]“We have been duped…for 15 years,” wrote one fan, “and we are now sinking the boot into the perpetrators of the deceit. They have had a few days of pain. We’ve suffered nearly two decades. To hell with them and all who support them or feel sorry for them. They are cheats, simple as that.”[/font]
[font=verdana]Well, it is for the HMRC and the tribunal process to decide if Rangers FC was, in fact and law a criminal and cheating organisation in the period under examination. But we can say there’s already evidence starting to emerge in public to support that as yet unproven allegation.[/font]
[font=verdana]With the clock ticking at Ibrox, fans across Scotland are not short of ideas about what should happen. But as I said, remarkably few want Rangers wiped from the face of the earth. They just want existing rules implemented – a near-revolutionary suggestion it would seem, given the current unfolding saga at the top of the Scottish game.[/font]
[font=verdana]Coming up next; Crime and Punishment – What to do with Rangers Football Club; should they be found guilty; and is liquidation the only way out?[/font]
[font=verdana]Follow @alextomo on Twitter.[/font]Decent blog from Alex Thomson of Channel 4 News who has been in Glasgow investigating this story:
Bhoys, what’s the story now with the administration process?
Are these ‘Blue Knights’ a viable option?
Maybe their most famous fan Robbie Williams can rescue them?
A Brian Kennedy and Jeff Winter dream team looks their best option at this stage