SFM Podcast #6: Dave King & Oldco


“The club went into administration and subsequent forced liquidation by …

Comment on SFM Podcast #6: Dave King & Oldco by Homunculus.

“The club went into administration and subsequent forced liquidation by HMRC over a “phantom” £80million tax bill, The club were later cleared of having ever owed the taxman.”

I know people are rightly annoyed about this nonsense. As several people have pointed out Rangers had admitted to failing to pay millions in tax, both from the wee tax case and the admitted stealing of PAYE, NI and VAT. ( say stealing because this is money they had collected from employees and customers. They had it and it wasn’t theirs, but they spent it anyway).

However can we also consider this, in the same para. “The club went into administration and subsequent forced liquidation …”

The man doesn’t get everything wrong. Not a holding company, not some other myth. The club is in liquidation.

I suppose if you throw enough words at a piece of a paper you are bound to get something right. Even if only by accident.

Homunculus Also Commented

SFM Podcast #6: Dave King & Oldco
One thing which confuses me, if BDO thought that they could “repatriate” (if you know what I mean) the assets, for the benefit of the creditors why have they not tried to do it.

Or, have their investigations uncovered evidence, which they then passed to the Police, for the current ongoing action. If so are BDO holding back because of the ongoing criminal cases.

SFM Podcast #6: Dave King & Oldco
Sorry, missed the edit window.

He goes on to say

“The club’s assets were bought by Green’s Sevco company”

Correct, not the club, it’s assets.

SFM Podcast #6: Dave King & Oldco

Recent Comments by Homunculus

Who Is Conning Whom?

Former Rangers favourite Gordon Smith has hit out at the Ibrox board for their bitter response to Derek McInnes’ snub.
Gers released a statement on Thursday night after learning the Aberdeen boss had turned down the chance to return to his old club as manager.
It said they had “endorsed” the 46-year-old’s decision to stay put as they hinted he was not up to managing “a massive club like Rangers”.
The statement added: “We continue to consider candidates but will only appoint someone in whom we have full confidence and who feels he is ready for the job.”
But those words have perplexed former striker Smith – who also previously served at Ibrox as director of football.
He told Sky Sports News: “I find the whole thing astonishing.
“It seems strange that it takes so long to make the appointment, then when Derek turns it down they come out with this statement saying it was probably the right thing that he stays at Pittodrie because really they were trying to assess whether he was the right person for the job and the fact he is staying at Pittodrie proves he isn’t the right person.
“It’s almost like they are saying he didn’t have the bottle for such a big role.
“It absolutely is an embarrassment for the Rangers board. They are trying to say now that he wasn’t the number one candidate.
“I just don’t understand how they can say that.”

Who Is Conning Whom?
I think it’s reasonable to assume that Rangers would have offered Derek McInnes personal terms which at least matched those which he has at Aberdeen so there have to be other reasons that he did not want the job. I just thought I would have a think about what those might be and jot a few down.

1, He is happy at Aberdeen and doesn’t actually want to go anywhere.

2, The other club did not want his backroom staff as part of a package and he likes working with them.

3, Rangers would not pay the compensation so he would have had to breach his contact and then be sued by Aberdeen. He was not willing to do that.

4, He did not want to work under a Director of Football. Or the specific one at Rangers.

5, He did not want to work for the Rangers board, either not liking or not trusting them. Possibly both.

6, He did not want to manage a team whose support turn on people, and whose expectations far exceed reality.

7, He knew that he would have to seriously re-build the squad and knew there simply weren’t the resources to do it properly. (See 6)

8, He did not want to put his family through the consequences of perceived failure (See 6)

I’m sure other people can come up with more good reasons for declining the post. The point is, there are a lot of them.

The only plus seems to be “But we’re Rangers and we’re massive”.

The problem with the plus side is … well it isn’t really true.

Who Is Conning Whom?
DECEMBER 7, 2017 at 22:32

Is that the £29m that was mentioned in the BDO update EJ.

Who Is Conning Whom?
I am neither Derek McInnes or an Aberdeen supporter.

Sorry if anyone is shocked by that revelation.

However if I was I would find that Rangers statement insulting and condescending.

The position of Rangers manager requires an ability to win football matches and the mentality to cope with the demanding off-pitch environment that goes with being the Rangers manager. This is a critical aspect of our assessment of any candidate during the interview process.

After the two games against Aberdeen, we requested permission to engage with their manager to assess his readiness and willingness to consider the Rangers position. This was declined. We were subsequently made aware by Aberdeen’s statement that, at this stage in his career, it would be best for him to remain in his current post. We endorse that position because moving to a massive club like Rangers is a big step with concomitant risk. We continue to consider candidates but will only appoint someone in whom we have full confidence and who feels he is ready for the job.

Absolutely disgraceful.

Who Is Conning Whom?
Already posted.

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