Rangers FC Thread

SFA need solution that punishes Rangers but doesn't kick them out of football
SFA need solution that punishes Rangers but doesn't kick them out of football - The Daily Record - Jim Traynor

WITH commonsense struggling to catch up the SFA and Rangers remain on collision course.

It would be wise to get under the table. And stay away from the windows.

The wreckage from this head-on will be strewn across our game's landscape.

More than one club and their fans will suffer. We'll all be damaged.

Having been found guilty on disrepute charges Rangers were fined £100,000 and banned from signing players over 18 for 12 months but the Ibrox club turned to Scots Law.

The Court of Session ruled in their favour with Lord Glennie declaring the SFA's disciplinary tribunals were "wrong to hold that they had power to impose the additional sanction in this case".

In other words, the independent inquiry and then the appeals panel had no legal right to come up with a punishment other than those open to them within the SFA's scale of sanctions.

It was a rare victory in desperately trying times for Rangers but also a hollow one because they now face a more serious sentence.

The SFA appeals body - Lord Carloway, former Partick Thistle chairman Allan Cowan and Spartans chairman Craig Graham - can now expel Rangers from the game, eject them from the Scottish Cup or terminate their membership.

With the SFA - who are being watched closely by their masters at FIFA - having to save face, Rangers have every right to fear a more savage punishment.

Ever since Lord Glennie slapped the SFA down they've been sounding bullish about the next step and making it clear Rangers have only themselves to blame.

How dare they resist the law of the game and refuse a sanction.

Actually they didn't. Rangers merely questioned whether the SFA's independent judicial inquiry - Gary Allan QC, Raith Rovers' Eric Drysdale and journalist Alistair Murning - had the right to go outwith their list of penalties.

The Court of Session said they didn't and despite the SFA's rage the mistake was made by the people who sat in judgment at the outset.

In truth there were more than a few within the SFA who were shocked when the independent panel revealed their punishment.

Indeed, one of the men at the very top of the administrative tree was so surprised by the verdict he almost fell from his lofty perch.

There was disbelief in the voices of some of the SFA people contacted minutes after the announcement.

There was also a degree of panic that the new disciplinary procedures had backfired and that's why it's a bit hypocritical to be coming across now as pious and fully supportive of the 12-month ban.

It would be more helpful if they were locked in their boardroom until they come up with a way to avoid the crash with Rangers. It's just not good enough to say, as they seem to be, that the responsibility of coming up with an alternative lies only with Rangers.

That's like saying a burglar should come up with his own sentence. "Eh, let me think yer honour. How aboot 300 hours community service workin in ma local ironmongers? I could dae wi some new wire cutters and jemmies."

Besides, who at Rangers could come up with an appropriate punishment? This is a club without a leader. They have administrators and Charles Green but no one regarded as a true figurehead.

Green is the closest to that but ever since the law told the SFA to take Rangers' transfer ban back to appeal, the Yorkshireman has been busy trying to calm spooked would-be investors.

The SFA and their chief executive, Stewart Regan, should also be aware the threat of terminating Rangers' membership could convince Green to disappear.

Come to think of it, that would be one way out of this mess. Rangers shut down. Problem solved. However, Green isn't for running, not yet anyway, so another solution needs to be found.

But by allowing everyone to think Rangers will be frozen out of the game if they don't accept their transfer ban the SFA are scaremongering - and you don't need a Law Lord to tell you that isn't one of their
sanctions either.

Instead of leaving Rangers to "volunteer" to accept their sanction Regan should be taking a lead on this issue.

He must keep a cool,
intelligent head and steer the game and Rangers away from destruction. It would help
enormously if he ignored those who want to whisper in his ear about Rangers being dreadful villains. You know the ones, they're easily spotted. They're hunched over by the burden of carrying around petty and stupid club agendas.

Regan is this game's leader and needs to stand apart, survey the mess and somehow identify a path which might lead to a better, more structured future. And preferably one with Rangers in it because despite what one or two club chairmen might believe there is no better future without Rangers.

However, the Ibrox club must also help find a solution, although that cannot be an acceptance of their 12-month signing embargo. It would be idiotic to accept a punishment deemed unlawful. The sooner the SFA accept the Court of Session is a greater legal authority than they are the quicker we might see them and Rangers reach common ground.

Actually, the SFA must already believe the law of the land to be the greater force. They are heading to the Court of Session to force Craig Whyte to pay the fine slapped on him for his mismanagement at Ibrox.

He has dismissed the fine as a "joke" but the SFA are determined to drag him into court even though they've
criticised Rangers for having taken them there.

Better if FIFA didn't find out about this but for the good of the game it has to be worked out. It's getting dangerous and it's nonsense to say nothing can be done to avert the collision.

sensible

If it were suggested Rangers should be banned from next season's Scottish Cup - which could cost them up to £750,000 - the SFA and the club would be foolish not to latch on to it.

The association can't suggest it because the matter is returning to the Appellate Tribunal and they mustn't be influenced, but if Rangers dropped their appeal the matter could be looked at differently.

If a cup ban was suggested at the same time surely that would seem like a sensible escape route for the SFA and Rangers, who understand their failure to hand over PAYE and National Insurance
contributions means their
punishment has to be harsh.

But the SFA should not be handing down sanctions which are effectively death sentences.

What fans who are driven by raw emotion, sometimes even blind hatred, think about Rangers is pretty irrelevant.

This has to be handled with a studied rationale which has been absent so far. For the good of the game, slow down, think and let commonsense - and someone who might suggest a cup ban - catch up.
 
i say fight the SFA tooth and nail,

we have already been proven correct that the transfer embargo was illegal...

why help them to show face to F.I.F.A after they slaugtered us?????

fook em i say..



no deals....
 
CHARLES GREEN, who is leading a consortium purchasing Rangers Football Club, issued the following statement tonight.

He said: "I had a very constructive meeting with the Rangers Fans' Fighting Fund today and we discussed a wide range of issues.

"We are united in recognising that a successful outcome to the CVA proposal is extremely important for the club, our fans and many businesses who have dealings with Rangers. Approval of the CVA would give everyone a huge boost of confidence.

"I provided the fans with further details of my consortium's vision for the future of Rangers. Understandably, supporters are wary given the recent past at Ibrox but I will continue to have dialogue with the fans and inform them every step of the way.

"We will be taking Rangers forward to better days and one idea I put forward today is my plan to rename Murray Park.

"Following discussions with the supporters, we will be asking season ticket holders to vote on whether to rename Murray Park as either the Moses McNeil Academy or the Davie Cooper Academy. We will be asking supporters to vote when they renew their season tickets.

"We also discussed the situation with the SFA player embargo and I made it clear that the club's position remains that we want to see a satisfactory outcome.

"We hope that in trying to achieve this there is general recognition this has become a difficult and complex issue for everyone."
 
"If you have mismanaged, then it comes home to roost." Now that you mention it Neil...

Financial doping was the term used by Celtic manager Neil Lennon to describe any potentially unlawful EBT scheme used by Rangers FC under former chairman David Murray, basically calling it cheating. There may be an argument for that, but that's another argument entirely.

Accompanying this new-found morality from the Parkhead boss has seen a huge horde of the Celtic fanbase emobody such morality and leap to the defence of their favourite idea – sporting integrity. Indeed, many others from Scottish football have jumped into the same debate defending sporting integrity, such as the Dunfermline chairman John Yorkston and then-St Johnstone chairman Geoff Brown.

All of this demanding for morality, sporting integrity and 'corinthian spirit' is well and good if your own washing is whiter than white. However, when it comes to Celtic boss Neil Lennon, we're now told something different altogether – that perennial downtrodden victim Lenny was fond of a tax scheme during his playing days at Celtic.

News emerging this week from the UK's High Court tells that Lennon ploughed in £200,000 to two separate tax relief schemes between 2002 and 2004. The scheme, run by technology investment company Innovator One, was designed so that if investors put in £10,000, they would immediately be returned £20,000 in tax relief from the UK Government. This was possible due to partnerships the investors joined paying large sums for technology using loans from the bank.

However, the new-found best pals of the Celtic fanbase, the taxmen at HMRC have decided that since the loan money went round in a circle – the investors money was deposited within the same bank which had given them the loan - the investors were only eligible for tax relief on any money they had actually contributed.

Lennon and other investors were incensed when the so-called brains behind the scheme, Dane Bjorn Friedl, was jailed for four and a half years in 2004 for an unrelated fraudulent scheme – ripping off £2m from a 200-man Scottish forklift plant's £5m pension fund – and started to look at ways of getting their original cash back.

At the High Court last week, the judgment handed down was that the investors' claims that the plans were fraudulent and and had been badly constructed did not stand up, as investors did initially receive a small amount in tax relief.

Judge Mr Justice Hamblen said: ‘Although the claimants were understandably aggrieved to lose their cash contributions and receive back only limited tax relief, there are obvious risks in going into aggressive tax schemes which offer the prospect of almost immediately doubling your money.’

It is worth noting at this point that not every investor who took part in this tax relief scheme took part in this action at the High Court only Lennon and ex-England rugby international Joe Worsley, who put in £50,000, were the only two named claimants in the court documents.

So where does this leave blessed Lenny and the position of financial morality that he and his club embodied and continue to do so? Well, before we start that, it should be pointed out that this scheme wasn't illegal, but then again, neither is our EBT scheme.

First things first, Lenny invested £200,000 and lost it to the scheme, only receiving 'limited' tax relief back, estimated to be a nominal five-figure sum. That kind of monetary loss will be felt by anyone, whether you're the Celtic boss or not.

Secondly, it leaves Lennon looking rather stupid. His claims of 'financial doping' in relation to our EBT schemes to manipulate tax monies now ring a bit hollow as he himself was steeply involved in a tax relief scheme. The posturing and inane babbling about 'stripping titles' now looks like petty point-scoring as he has lost any morality over the idea of tax money manipulation.

Okay, so it wasn't a Celtic FC scheme he invested the money through, but he is the manager of said team, and as we've been told by everyone in the Scottish sports media recently, a club can be held responsible for the actions of one man connected within the club.

Lastly, yes, probably lots of big clubs and players have been involved in tax relief schemes over the years and continue to do so today. That's not a matter for me, that's for HMRC to decide upon. What is for me to point out however, is the fact that a huge swathe of Celtic fans, Celtic employees and Scottish sport journalists have lined up to kick Rangers this season over the immorality of our EBT schemes and non-payment of PAYE to the tax man.

I don't think it's entirely moral to invest in an industry you're no way professionally connected to about to try to double your money through tax relief you're not entitled to. But maybe that's just me.

Anyway, it seems you can add another name to your list for a right good kicking – Neil Lennon, the then Celtic captain, now Celtic manager. You get the feeling that the Scottish sport media, Celtic fans and employees alike are now about to jump into a big orgy of hypocrisy. Because, let's be honest, I shouldn't be the one breaking this to you, that should have been the media here in Scotland.

Celtic fans – it's a simple choice. Denounce your manager and demand his sacking, or embrace your inner hypocrite. It's no good moralising when you've got dirty laundry.

So all you Celtic 'fans' who spend so much time reading and commenting on these articles on RangersMedia, will be the first to criticise poor wee Neil for his failed efforts at duping the taxman? No?
 
The club held responsible for one mans actions.mmmmm
That's another story.
But at least wee poor Lenny had plenty of dosh
Left for texting .
 
DUFF AND PHELPS, administrators of Rangers Football Club, issued the following statement today.

Paul Clark, joint administrator, said today: "We have been informed by HMRC they will not support the proposal for a Company Voluntary Arrangement at the meeting of creditors on Thursday, June 14.

"As a result of this decision, the Sale and Purchase Agreement in place with the consortium led by Charles Green will take effect and Rangers Football Club will continue within a new company structure.

"The reasons HMRC have given to us for their decision to vote against the proposal are as follows. HMRC has cited its general policy of not agreeing to a CVA where there is strong evidence of non-compliance by a company with its tax liabilities.

"HMRC had agreed to consider a CVA proposal along with all other options in the case of Rangers but having taken into consideration the extent of funds which will be made available to creditors through the CVA option, they have decided that it is not acceptable given The Rangers Football Club plc's level of indebtedness to HMRC.

"It has also been made clear to us that other offers tendered for the Club, which took the form of a CVA, would have been treated in the same way and that the rejection is not a reflection of the Green consortium bid.

"HMRC has taken the view that the public interest will be better served with the liquidation of The Rangers Football Club plc as a corporate entity. The Club will continue to operate as it has always done but within a new company structure.

"HMRC consider that the decision will enable a liquidator to instigate a wider investigation into all of the financial affairs and management of the Club in recent years and to bring to task those they believe are responsible for its collapse.

"Furthermore, HMRC believes there will be an enhanced recovery of funds for creditors by pursuing those individuals who they believe are responsible.

"The consequence of the rejection of a CVA outcome is that sanctions will be applied to the Club by UEFA and that the Club will not be able to participate in Europe for three years and the new company will need the consent of the other SPL clubs to the transfer of the share in the SPL, in order for Rangers to continue playing in the SPL.

"As we have always stated, administrators have a primary objective to ensure the survival of the company and in this case, this would have been achieved through a CVA. It was with HMRC's approval, that a proposal was placed before creditors for consideration.

"However, it is the commercial view that the level offered within the CVA was not enough to merit departure from their normal policy of seeking a detailed investigation via a liquidator.

"However, we have been left in no doubt by HMRC the fundamental reason for the rejection of the CVA proposal is the historical non-compliance with tax liabilities by the former owners and directors of the Club.

"As we have stated previously, there is a binding contract between ourselves as administrators and Charles Green, who is leading a consortium to acquire the Club.

"The creditors' and shareholders' meetings will take place at Ibrox on Thursday but the results of those meetings will now be entirely academic given HMRC's decision.

"As soon as the CVA proposal is formally rejected, Mr Green's consortium will move towards completion of an acquisition of the business and assets of The Rangers Football Club plc. That transaction will be completed within a few days.

"The sum payable to creditors will be £5.5 million, most of which has already been paid over to us by the Green consortium.

"Over the coming months, we as administrators will continue to finalise the administration of the Club and we will work in conjunction with BDO who will undertake the liquidation process.

"We would like to thank the staff and supporters at Rangers for their great determination and professionalism during a very difficult period for the Club. While the Club will continue to face difficulties in the short term, it will survive and continue to play at Ibrox."
 
HARLES GREEN, who is leading a consortium to acquire Rangers Football Club, issued the following statement today.

Mr Green said: "I am hugely disappointed by the decision of HMRC not to support the CVA proposal and that disappointment will be felt acutely by Rangers fans across the world.

"Frankly, I do not see what benefit will be achieved by this decision. My consortium's offer for a CVA amounted to a total of £8.5 million.

"Now that we will have to complete the purchase via the formation of a NewCo, the purchase price and therefore the amount available to creditors will be £5.5 million.

"I can understand HMRC deciding that football clubs which do not pay their taxes need to be punished, but by effectively banning Rangers from Europe for three years all that will happen is that there will be less revenue generated by the Club and consequently less money paid over to the taxman.

"Also, I do not believe that by opting to vote against the CVA proposal, HMRC will generate more cash by pursuing those they believe as responsible - but that is a matter for them.

"I am particularly saddened by the fact that this decision will mean that small shareholders will lose their shares in The Rangers Football Club plc, something which we were trying to avoid happening.

"We will be exploring ways for the 26,000 shareholders who have lost their shares to subscribe for shares in the new company. We expect to appoint a private client broker in due course to allow existing shareholders and fans to buy into the new company.

"We will, however, examine how to address this with regard to shares in the new company.

"The solemn promise I can make to Rangers fans today is that this Club will continue as Rangers Football Club and will continue to play at Ibrox Stadium.

"We will be liaising with the football authorities at the earliest opportunity to establish our position regarding the SPL.

"I, along with my investors who believe that Rangers can have a bright future, will fight tooth and nail to ensure the Club recovers from this catastrophic phase in its proud history.

"The fans deserve better and we will work tirelessly to realise their ambitions."
 
Whyte, Murray and probably Lloyds are in the deep stuff.They will chase them to the end of time to get their money

HMRC now tweeting on CVA decision


HM Revenue & Customs‏@HMRCgovuk

CVA would restrict action against those responsible for company's recent finances #Rangers


HM Revenue & Customs‏@HMRCgovuk

Liquidation allows potential investigation and claims against those responsible for company's recent finances #Rangers


26m HM Revenue & Customs‏@HMRCgovuk

#Rangers liquidation gives best chance to protect taxpayers and allows sale of club to a new company, ensuring football continues at Ibrox.
 
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A statement from the tax authority read: "A liquidation provides the best opportunity to protect taxpayers, by allowing the potential investigation and pursuit of possible claims against those responsible for the company's financial affairs in recent years.

"A CVA would restrict the scope of such action.

"Moreover the liquidation route does not prejudice the proposed sale of the

club. This sale can take place either through a CVA or a liquidation.

"So the sale is not being undermined, it simply takes a different route.

"Liquidation will enable a sale of the football assets to be made to a new

company, thereby ensuring that football will continue at Ibrox.

"It also means that the new company will be free from claims or litigation in

a way which would not be achievable with a CVA.

"Rangers can make a fresh start."


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HM Revenue & Customs: Statement on Rangers Football Club

A statement from the tax authority read: "A liquidation provides the best opportunity to protect taxpayers, by allowing the potential investigation and pursuit of possible claims against those responsible for the company's financial affairs in recent years.

"A CVA would restrict the scope of such action.

"Moreover the liquidation route does not prejudice the proposed sale of the

club. This sale can take place either through a CVA or a liquidation.

"So the sale is not being undermined, it simply takes a different route.

"Liquidation will enable a sale of the football assets to be made to a new

company, thereby ensuring that football will continue at Ibrox.

"It also means that the new company will be free from claims or litigation in

a way which would not be achievable with a CVA.

"Rangers can make a fresh start."


rtid.gif
 
liquidated and have kept their history
- Middlesborough
- Charlton
- Reggiana
- Fiorentina
Leeds
Leicester City

feel free to add to the list





Neil Doncaster...just a few weeks back, stated there is not to much of a difference between CVA or newco route, he was taken a back some what with the hysteria regarding this.

Citing english teams as precedence.
 
@surfbum one more post in the Celtic thread and I will issue an infraction,end of.
 
John 8:7​
They kept demanding an answer, so he stood up again and said, "All right, but let the one who has never sinned throw the first stone!"

Matthew 7:1
"Do not judge others, and you will not be judged.

Rab - P 1:1
"I only support two teams; Rangers, and whoever is playing Celtic"
 
liquidated and have kept their history
- Middlesborough
- Charlton
- Reggiana
- Fiorentina
Leeds
Leicester City

feel free to add to the list





Neil Doncaster...just a few weeks back, stated there is not to much of a difference between CVA or newco route, he was taken a back some what with the hysteria regarding this.

Citing english teams as precedence.


dont think we've every been liquidated im not sure about the other clubs you mention but we only went into administration.
 
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