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The Rangers soap opera goes on and on.


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1 hour ago, Deevers said:

Well who would ever have thought that. Lol.  What ever next?   Maybe suggestions of money laundering perhaps! Wonder if the sycophants in the SFA are actually paying any attention to all of this.

 

They probably passed the SFA Due Diligence Test with flying colours.

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So, per the jailbird chairman, he can't comply with the courts because some of his shareholders are organised criminals?

 

Either way, would any other club, with one exception, be allowed to run itself like this?

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Another delaying tactic.  Any odds on a clean bill of health being declared early

next year.  They cannot afford to actually admit taking funds from people without proper checks

I also wonder if this will stir up again the stories about their main rivals director who is supposedly linked to a Lithuanian Bank under investigation for money laundering.

It also crosses my mind that Mr King must be due another year's dividend from his Trust soon.

if I was looking for a good story to spook Officialdom, money laundering  would be top of my list.

Then you look good when you report a clean bill of health.

 

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16 minutes ago, jambosdad said:

Another delaying tactic.  Any odds on a clean bill of health being declared early

next year.  They cannot afford to actually admit taking funds from people without proper checks

I also wonder if this will stir up again the stories about their main rivals director who is supposedly linked to a Lithuanian Bank under investigation for money laundering.

It also crosses my mind that Mr King must be due another year's dividend from his Trust soon.

if I was looking for a good story to spook Officialdom, money laundering  would be top of my list.

Then you look good when you report a clean bill of health.

 

Someone is pumping money in to keep them going. It certainly is not the Glib and Shameless one. Seems like no one is asking who and why.  Certainly no one at Hampden. 

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2 minutes ago, Deevers said:

Someone is pumping money in to keep them going. It certainly is not the Glib and Shameless one. Seems like no one is asking who and why.  Certainly no one at Hampden. 

 

Exactly -to quote their former manager " Who are those people"

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With Gerard's ""rumoured" connections to organised crime I wonder if that' how come he's at Govan.?

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13 minutes ago, Mikey1874 said:

You would think journalists and others will be all over this investigating further. 

All of them in complete denial.  Just as they were before the rug was pulled from under the previous club. 

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25 minutes ago, Mikey1874 said:

You would think journalists and others will be all over this investigating further. 

 

Especially the BBC as they are not allowed anywhere near Ibrox.

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51 minutes ago, Mikey1874 said:

You would think journalists and others will be all over this investigating further. 

 

There is a huge hole in their balance sheet, they continue to spend money they do dot have, now allegedly some shareholders have links to organised crime but nothing to see here. 

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1 hour ago, wavydavy said:

 

Especially the BBC as they are not allowed anywhere near Ibrox.

 

As far as I understand it''s just one BBC employee that had his press pass/credentials rescinded, not the whole corporation.

 

However the corporation have 'boycotted' them in support of their colleague. 

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Now, the accusation of money laundering would be more serious.

 

There are more people with 'links' to organised crime than say those 'accused' here. 

 

 

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King Of The Cat Cafe
5 hours ago, Mikey1874 said:

You would think journalists and others will be all over this investigating further. 

 

Are we looking towards the well known columnist who at times has posted pictures of himself at a stadium press desk...with a Rangers scarf in his briefcase...?

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12 minutes ago, Meadows said:

The irony in this this is of course that the glib and shameless one is a convicted criminal . 

Criminal links ??? 

Yes but he's not very organised

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4 hours ago, Meadows said:

The irony in this this is of course that the glib and shameless one is a convicted criminal . 

Criminal links ??? 

 

A shareholder and convicted criminal, concerned about shareholders he has accused of being criminals....?

 

Yeah, that seems legit..!  ?

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On 30/11/2018 at 16:35, buzzbomb1958 said:

Pot calling the kettle

 

Its like Harold Shipman going bananas at the boy serving his dinner for putting the mashed potatoes in the beans section of his food tray.

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EastSideJambo
19 hours ago, Mikey1874 said:

You would think journalists and others will be all over this investigating further. 

Remember when Alex Thomson at C4 News came up a few years back. He probed in a way the sycophantic inept media up here simply couldn't and wouldn't. The Huns don't like AT as his form of the truth didn't sit well with him 

 

Quite frankly the SFA are culpable here. Charles Green played a game of brinksmanship with the SFA and won. He was duty bound to disclose shareholder identity in order to be granted a licence post Liquidation to operate in tier 4 and he declined to do so. The SFA, subservient to the last with all things Rangers in the varying forms, simply turned the other way 

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On 30/11/2018 at 16:57, rick witter said:

2103 pages talking about another team on a Hearts forum. 

Embarrasing. No wonder they thing it’s all about them when you look at this pish!!! 

 

Yet you feel the need to come on and comment on it? 

 

In doing so, propelling it to the top of the forum.

 

Also, if you took the time to read, you'd see the terrace isn't just about Hearts, it's about football in general too. 

 

You have no issue stroking that stauner you have over Clarke. Who has nothing to do with Hearts.

 

What really is embarrassing though, is you. You and any of your opinions regarding Hearts.

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54 minutes ago, Dallas Green said:

 

Yet you feel the need to come on and comment on it? 

 

In doing so, propelling it to the top of the forum.

 

Also, if you took the time to read, you'd see the terrace isn't just about Hearts, it's about football in general too. 

 

You have no issue stroking that stauner you have over Clarke. Who has nothing to do with Hearts.

 

What really is embarrassing though, is you. You and any of your opinions regarding Hearts.

Still embarrassing mate. Who cares about Rangers. Get this thread to ****. 

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On 02/12/2018 at 10:41, rick witter said:

Still embarrassing mate. Who cares about Rangers. Get this thread to ****. 

Coming from a hobo who posts on a Hearts messageboard you really don't do irony do you? What a sad life you must lead

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Is it Cash Confirmer or Cash Convertor? I think the ToP will have more luck at Cash Convertors in getting sight of  Kings money!!!!

Edited by Dannie Boy
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On 02/12/2018 at 10:41, rick witter said:

Still embarrassing mate. Who cares about Rangers. Get this thread to ****. 

I’d rather you went before the thread tbh.

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Hagar the Horrible
1 hour ago, Mysterion said:

 

So he’s now caved in to court orders.

 

Hopefully there is an unexpected share sale on the horizon.

Looks like he has ran out of mechanisms to kick this can down the road?  he is in a cul-de-sac now, and trying it on with Lady Wolfe over rougue shareholders has not been as lucky?  still  why go to all this expence, when he could have had this done and dusted a year ago? 

 

He has agreed to yesterdays notification, lets see if in 10 days he has found the money down the back of his couch?  and he does make the offer in january?  but the full details of their accounts will be published and it will be intersting if the shres drop below 20p if there will be a take up from the institutionals?????

so key dates 14th December and

25th January?

 

and by then he could legally own the club, then he can do a share issue, or sell those shares he has been forced to buy?

Edited by Hagar the Horrible
date wroing
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Footballfirst
5 minutes ago, Hagar the Horrible said:

25th January?

 

and by then he could legally own the club, then he can do a share issue, or sell those shares he has been forced to buy?

It's highly unlikely that he will have to buy any shares. By carrying out the share placing in advance of the offer, King has gerrymandered a situation where there will be in insufficient take up of the offer to take King and the Concert Party over the 50% mark that would make the offer unconditional.

 

It is not the TOP's concern whether or not the offer is successful or not, only that an offer is made.

 

By my rough calculations, King and the three bears held 34% prior to the share placing. There were probably sellers for around 20% of the remaining shares, sufficient to take the concert party over the 50% mark, and forcing King to buy that 20%

.

Following the share placing, King and the three bears still hold 34%, but the potential sellers have been diluted to around 12%-13% of the enlarged share base. If that is the case, then there are insufficient sellers to enable the concert party to reach the 50% mark, so King won't have to buy any shares at all and the offer will lapse.   

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Blackford Hearts
15 minutes ago, milky_26 said:

uefa charge rangers for the fan on the pitch and a bottle throwing incident during the match against villareal

 

https://www.bbc.co.uk/sport/football/46458861

That’s a disgrace. Can’t the GFA do anything to hide this miscarriage of justice under their massive arse cheek sized carpet? 

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Footballfirst

From today's court rolls

 

A97/18 Rangers International Football Club Plc v Charles Green – Jones Whyte Law

 

It's just an unopposed motion, but will no doubt be a precursor to a hearing in the not too distant future.

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Ok - clearly naebody in the Scottish press is going to peek too far under the bonnet. Maybe that der Spiegel thing that ran the Man City story might be interested.

 

Probably not. While they've heard of Man City, most Germans, to the bafflement of Old Firm knuckledraggers, would say, 'Rangers? Who are they?'

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On 6 December 2018 at 14:14, The Gasman said:

Not exactly ground breaking news, but it does show just how deep is the hole King seems to be digging for Rangers.  

 


https://www.scotsman.com/sport/football/teams/rangers/revealed-rangers-have-the-highest-borrowings-in-scottish-football-1-4840260

Love how they can't bring themselves to use the word "Debt".

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On 06/12/2018 at 14:14, The Gasman said:

Not exactly ground breaking news, but it does show just how deep is the hole King seems to be digging for Rangers.  

 


https://www.scotsman.com/sport/football/teams/rangers/revealed-rangers-have-the-highest-borrowings-in-scottish-football-1-4840260

 

£20m - and Man Utd owe £496m.

 

Fitba is crazy.

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On 01/12/2018 at 11:00, wavydavy said:

 I thought this was a cracker.

 

Rangers boss Dave King, 63, tells court he fears ‘there are shareholders in the club who have links to organised crime’ as he persuades judge to halt legal proceedings against him

https://www.heraldscotland.com/news/13118887.leading-rangers-investor-i-am-no-gangster/

 

2013 - easy google

 

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23 minutes ago, haveyouheard 22 said:

What a thread ..OMG 

 

I am thinking that it has taken you every minute of every day since you joined JKB to read your way through it?

Welcome to the mad house that is JKB, you'll love it.

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haveyouheard 22
54 minutes ago, 7628mm said:

 

I am thinking that it has taken you every minute of every day since you joined JKB to read your way through it?

Welcome to the mad house that is JKB, you'll love it.

Naw mate just went to the last page it was the numbers that caught my eye

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Footballfirst

The Liquidators have produced their latest report to creditors. It seems that HMRC has significantly reduced their claim in respect of the big tax case, with the penalty element removed. I guess that HMRC are happy enough with the Supreme Court decision, that will allow them to claw back much more from companies and individuals, than worrying about a few pence in the pound dividend from a liquidated company.

 

https://www.bdo.co.uk/getmedia/358d98a8-bca4-42b1-b3b6-c31960c0d22a/RFC-2012-Plc-annual-progress-report-to-30-October-2018.pdf.aspx

 

Quote

A significant proportion of the Big Tax Claim of c£74m related to interest and penalties (c£36m). The penalty element of the claim was c£23.9m and was levied at a particularly high rate. The Joint Liquidators, on behalf of the Company, disputed both the quantum, and the principle, of the penalties applied by HMRC.


Following discussions and meetings with HMRC, we submitted an appeal to the HMRC Penalty Review Consistency Panel (“the Panel”). This set out the reasons why the Joint Liquidators considered the penalties to be incorrectly levied. We are pleased to advise that the Panel has recently agreed with our submission in its entirety, and the element of HMRC’s claim pertaining to penalties has now been withdrawn in full.

HMRC also acknowledged that a further small element of their claim had been overstated and it has now submitted a revised claim of £68.3m (ie a reduction of c£26m in total).

HMRC has calculated the principal element of its claim in respect of the Big Tax Case on a “grossing up” basis. This element remains under review with further representations to be made to HMRC following discussions with the Joint Liquidators’ tax advisors.

 

 

 

BDO has an outstanding claim for £28m against Duff & Phelps going through the courts. On the other hand they are defending a claim of £18m, on behalf of Wavetower.

Edited by Footballfirst
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Footballfirst

If you wonder where all the money goes in a liquidation, BDO has had funds of £29.8m available to it (including £24m from Collyer Bristow's insurers).

 

The have spent a whopping £17.4m on their own fees, costs and third party professional services (mainly legal fees).

 

£4.6m has been allocated for dividends, with only £7.8m left in the pot to cover future fees, costs and dividends..

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2 minutes ago, Footballfirst said:

If you wonder where all the money goes in a liquidation, BDO has had funds of £29.8m available to it (including £24m from Collyer Bristow's insurers).

 

The have spent a whopping £17.4m on their own fees, costs and third party professional services (mainly legal fees).

 

£4.6m has been allocated for dividends, with only £7.8m left in the pot to cover future fees, costs and dividends..

 

Yep

 

Nice work if you can get it

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