The Existence of Laws

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Chipm0nk says: The idea is preposterous. Government fights to keep loss …

Comment on The Existence of Laws by csihampden.

chipm0nk says:

The idea is preposterous.

Government fights to keep loss making tax cheat in business.

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I’m not so sure – isn’t that exactly what HMRC did, when they allowed the sale of the only assets worth anything at knock-down prices, and ensuring that liquidation “did not prejuduce the sale”?

I still cannot fathom why that was allowed to happen before the liquidators were appointed – how could it possibly have been to the creditors (inc. HMRC) benefit?
If it wasn’t, there must have been another reason why the liquidation decision was structured this way. Someone, somewhere, made a decision to leave the door just ajar enough to allow a Rangers to continue in as close to the original format as possible….for some reason.

And judging by the money burn rate, they are as close to the original format as possible.

Recent Comments by csihampden

Redistribution of Football Income – The Human Dilemma
I’m not sure I would be delighted at the prospect of trying to raise investment in a company whose asset base will be the subject of prolonged alleged fraudulent acquisition investigation and litigation.


Scottish Football: An Honest Game, Honestly Governed?
So £1.8M available cash reserves at end of Dec.
An operating loss of £600k/month conservative estimate.
Are Rangers already in March funding continued losses with the loans received for working capital? Have they had any other significant one-off income in the intervening months?


Reflections on Goalposts
StevieBC says:
January 15, 2014 at 5:42 pm
It would seem unlikely then that anything Regan says wrt TRFC has not already been vetted and agreed – by at least some of the member clubs ?
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Well one thing for certain, he likes to run his press releases past whoever the occupier-of-the-day is in the Ibrox chair, and indeed is influenced by their opinion (remember the proposed statement on the European licence?)
Regan just seems blissfully unaware of how compromised his position is viewed, and how much his profile lacks credibility. And he wants to remain blissfully unaware.
Sorry, I’ve just added another paradox into the mix……


Beware the angry Shareholders — they might just demand an answer!
Angus1983 says: (1204)

October 30, 2013 at 12:31 pm

Ibrox to host both semi-finals of the Scottish Cup, and Parkhead the Final (topic header from Aberdeen-Mad: “SFA line Old Firm pockets shocker”).
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Presumably the SFA have asked Craig Whyte if it is OK for the semis……..


Beware the angry Shareholders — they might just demand an answer!
I think that BRTHs post (10.38am today) should be sent to every media outlet and broadcasting outlet in the country. None of them will run with it of course, but at least we’ll know that there cannot be any “plausible deniability” of what has happened here. It has been laid out brilliantly, simplified that even the most half-witted sports writer can understand. (BRTHs permission granted of course).

It also needs to go to the SFA in my opinion, along with a copy of Charlotte’s latest (the CO-attended board meeting and CO-signed letter), it needs to get onto Regan’s desk and Ogilvie’s desk, so that they can be absolutely sure what is known about their complicity in what has happened.

They need to know, without any plausible deniability, that their game is up.


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