HMRC vs MGH

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Eddie, JC has posted on the main thread. P.S. Thanks for …

Comment on HMRC vs MGH by Tincks.

Eddie,

JC has posted on the main thread.

P.S. Thanks for your own efforts, thwarted though they were by the indifference of others

Recent Comments by Tincks

Enough is enough
Link to Ranger’s accounts.  

https://media.rangers.co.uk/uploads/2017/11/Rangers-Reports-and-Accounts-2017.pdf

Need to dig out last years accounts to double check but I am almost certain that the £6.7m loss is well in excess of the shortfall which was highlighted/anticipated in last years going concern.  


Time to Ditch the Geek Show
upthehoops October 27, 2017 at 16:15   
Phil Macgiollabhain saying the Ibrox board have discussed going into Administration with no decision yet made. I know many on here have questioned why they would do that given there is no external debt, but as Phil says it would be a way of getting Pedro’s expensive duds of the books.  Would Administration mean the soft loans would have to be written off to pennies in the pound though?
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Being a loss making business without a credit line from a bank is sustainable for so long as someone is prepared to cover those losses.  Once that support stops then some form of insolvency event is inevitable.

If persons have put that money in on an unsecured basis and the business can’t be made profitable then they are never, ever, going to get their money back.

So, there may come a day when writing off that money, (which has effectively been lost anyway), in order to get hold of a restructured business, (via a CVA), shorn of as much of its cost base as possible, might seem the least worst option.


Time to Ditch the Geek Show
JC,

It’s the almost desperate pathological need of both the English and Scottish FA’s to protect their own that is so striking to me.

The twist for the Scottish FA being that there is a particular immortal “Club” that they include as one of their own.  


Time to Ditch the Geek Show
A bit off topic but I’ve put a link below to the BBC’s coverage of the parliamentary hearing into mismanagement of racism allegations by the English FA.

But I am struck that a group of parliamentarians could take information that is in the public domain and so decide to hold  a hearing to see if the leadership of the FA is up to the job.  

What an extraordinary idea! 

http://www.bbc.co.uk/sport/live/41663009

If anyone has the time to read Eniola Aluko’s evidence (from 14.30) I can recommend it very highly.  Her clarity and eloquence in taking apart the FA, knowing that she is surely ending her international career in it’s prime can only be admired.  

“Gasps as Aluko tells MPs FA boss Glenn told her that if she made statement that FA was not institutionally racist, her payment would be made”


Time to Ditch the Geek Show
Many thanks as ever to SFM’s dynamic duo of court reporters.  Caped Crusader JC and Boy Wonder EJ.

JC – Good points re Lord B’s role and deliberations in yours of 10.09

In all the on line chatter re the case what caught my eye the most was a series of tweets by James Doleman.  To paraphrase, James was saying that he had read Alasdair Lamont’s tweets from Thursday and JD was cautioning that his gut instinct was that Lord B might end up siding with DCK in this matter.  

JD was very careful to add caveats but was effectively saying that there might be an outcome to this case that many might find surprising. 


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