History, Neighbours and Made Up News

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UpthehoopsSeptember 19, 2016 at 07:07       3 Votes  HIRSUTEPURSUITSEPTEMBER 18, 2016 at 19:42 It …

Comment on History, Neighbours and Made Up News by neepheid.

upthehoopsSeptember 19, 2016 at 07:07       3 Votes 
HIRSUTEPURSUITSEPTEMBER 18, 2016 at 19:42 It is entirely possible that the current incarnation may follow the example of its predecessor and run out of cash. It may not – but it is a real possibility. It may, this time, happen mid-season..If we accept that a football club is separate from the corporate body from which it operates, what is to stop a new entity purchasing the IP, property and other assets, and just leaving the bad bits behind? Do we really want a league structure that gives reckless owners a get-out-of-jail-free card? Do we really think that if, sometime before Christmas, the SPFL and SFA memberships are transferred to a new company in an insolvency situation, the new entity should pick up the points gained by the current club and simply finish the season? 
Given what has already been allowed by the authorities, nothing would be a shock. 
A new entity couldn’t pick up all the points, since there would be an automatic points deduction as soon as the original member had an insolvency event. I can’t remember whether the current penalty is 10 or 15 points.
I’m also unsure as to the current rules on the transfer of SFA membership. When RFC went under, the rule was that membership couldn’t be transferred, but the SFA Board could override the rule. Hence the 5 Way Agreement stitch-up.
I’ll check the current rules later and post again. However the clear purpose of the rules as they stood at July 2012 was to prevent the kind of thing that happened with the RFC membership, but with the usual get-out clause “just in case”.

neepheid Also Commented

History, Neighbours and Made Up News
I simply cannot believe that HMRC would cut TRFC any slack on payments. The same rules that apply to every other taxpayer will apply to them, and who could possibly  complain about that? Oh, wait a minute. Have we  been here before?

History, Neighbours and Made Up News
Many thanks to John Clark and Easyjambo for attending today’s hearing. What they heard can’t be fully reported yet, for legal reasons, but at least we will have a reliable record once the dam breaks. Well done, lads!

History, Neighbours and Made Up News
I see that James Doleman won’t be tweeting from Whyte’s court appearance today, as he is otherwise occupied at the Old Bailey. I hope John Clark and/or Easyjambo will be there? Not that I don’t trust the SMSM to report the case accurately.09
John James has been confidently forecasting for weeks now that the case against Whyte will either be withdrawn by the prosecution,  or kicked out by the judge today.
If so, that will be the end of reporting restrictions- in which case, we can expect some fireworks!

Recent Comments by neepheid

It Is Better To Offer No Excuse Than A Bad One
Here is a fuller address for Ibrox Park Holdings- https://opencorporates.com/statements/121234211
Ibrox Park Holdings LimitedAddress2nd Floor, 625 Kings Road North PointCountry CodeHK

It Is Better To Offer No Excuse Than A Bad One
For those interested in Ibrox Park Holdings, this link may help- http://www.bizdb.co.nz/company/9429033711843/
The link is to a NZ company, Youtap Ltd, which has Ibrox Park Holdings as one of its shareholders, with a Hong Kong address.

Shares Allocation #19 Number of Shares: 194806OtherIbrox Park Holdings LimitedNorth Point
 Hong Kong SAR China10 May 2013 –

The Vice Closes
It seems that Broadfoot’s amateur hour PR ploy of leaking a 5 year old confidential letter from Celtic to the SFA has spectacularly backfired. Now it’s all out in the open- and having first broken confidence themselves, the SFA cannot complain about that.
Celtic’s 5 year restraint, in keeping their dealings with the SFA confidential, cost them a lot, not just my season ticket money, but  doubtless the money of a few others besides, plus, and more importantly, the erosion by many others of their faith in the club they have loved all their lives.
Now Regan is staring at the abyss. As I posted yesterday, even the leaking of Celtic’s 2012 letter would, in itself, finish him in any normal association. Can he now do anything other than resign? He faces pressure from the SPFL for an enquiry. He faces a Judicial Review which could extend to all shenanigans going back 10 years and more.
Even his own Compliance Officer, who I assume is a solicitor with something to lose professionally, will shortly be opening a few rusty old filing cabinets in Ogilvie’s old room. I was going to say look under the carpet, but that really is a stretch for an internal enquiry.
On a personal level, I can now resume my relationship with CFC, happy in the knowledge that my club were not ignoring the corruption, but challenging it in a professional manner. That feels very good indeed, believe me.

The Vice Closes
If it is correct that Celtic’s 5 year old letter to the SFA was leaked to The Times by the SFA’s former employee and current PR guru, Mr Broadfoot, presumably as the opening shot in a “divide and rule” campaign, then the SFA have some serious questions to answer.
Is that how a competent governing body treats one of its members? A leak of private correspondence? Really? Celtic should kick up such a stooshie about this leak that the instigator (and you can be sure that Broadfoot is only carrying out instructions) is identified and booted out of Scottish football.
There are clearly individuals within the SFA who think that they can act as they like with total impunity. They have learned nothing from the Farry episode. It’s time they were taught a lesson once and for all.  

Time for Scots Government to Take Bull by the Horns
DarkbeforedawnJuly 9, 2017 at 15:55  
The Rangers Tax Case was seen as a test study into EBTs in football, and many media outlets think this is the tip of the iceberg, particularly in England. Surely the SFA should consult with their cross border counterparts on what actions may be taken? Arsenal have already settled an EBT case for their title winning year, so if we are applying the logic Rangers should have titles stripped because they were using illegal means of paying their players, surely Arsenals league titled should be taken away? And what if a number of other big fish in England are found guilty?
All English clubs involved either already have, or very soon will, reach settlements with HMRC. Nobody is going to court, because they aren’t stupid enough or arrogant enough to assume that they can win in the face of the facts, just because of who they are.
It was open to Rangers to correct matters by being open and honest with HMRC, and paying up, but firstly they didn’t see why they should, and secondly, they had no way of paying.
The fact that Rangers evaded more tax than they could subsequently repay just highlights the industrial scale of what went on at that club.
If the English clubs involved  took it a step further, as Rangers did, and concealed EBT payments from the FA, or had undisclosed side letters as part of players’ contracts, then of course the FA should take action.
The footballing offence is not tax evasion as such, but false reporting to the SFA of payments to players, and failure to lodge correct player contract details with the SFA.
What the SC judgement blows away totally is the “no sporting advantage” reasoning of LNS. Other clubs could not save on PAYE by using the EBT payment method. That is now an established fact.  
I’m pretty sure that industrial scale tax evasion could, in fact probably should, also lead to footballing charges along the lines of “bringing the game into disrepute”, but it will be snowing hard in hell the day that the SFA take that line with any club playing out of Ibrox.

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