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The Rangers soap opera goes on and on.


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Geoff Kilpatrick
3 hours ago, kila said:

That list is brilliant

 

:rofl:

 

Need to get a cartoonist involved.

 

 

Apart from the bit with the vermin winning the cup.

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2 hours ago, Seymour M Hersh said:

 

20% would be my guess.

Thanks for your words of wisdom. I meant the amount of VAT due to HMRC would be considerable for the quarter which included their season ticket sales.

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4 hours ago, Seymour M Hersh said:

 

20% would be my guess.

 

The actual payable amount is nearer 11.5 %, 20% is the amount over the headline figure ( chargeable ) rather than deductable . 

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5 hours ago, JackLadd said:

Spotted this on Twitter, a happy hun after King told them the new SD deal was all ticketus boo. 😂

 

 

 

 

We need a gif of that laugh. Contagious :robboyas:

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indianajones
5 hours ago, JackLadd said:

Spotted this on Twitter, a happy hun after King told them the new SD deal was all ticketus boo. 😂

 

 

 

Manchester City, Rangers and the Star of David. 

 

Interesting!

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Footballfirst
53 minutes ago, Meadows said:

 

The actual payable amount is nearer 11.5 %, 20% is the amount over the headline figure ( chargeable ) rather than deductable . 

You been doing some creative tax avoidance?  Offshore accounting perhaps? :munny:

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7 hours ago, Footballfirst said:

The club is now required to disclose any tax arrears (PAYE,NIC or VAT) to the SFA and would be subject to an immediate transfer embargo and possible issues with their UEFA licence, so I can't see that being the case.

 

 

FF I have always been a keen reader of your posts during the 7 years of this saga and found your posts very informative.

 

I have a question regarding the part of your post in bold above.

 

Do you really believe that The Rangers will likely tell the SFA anything like the truth if they have any Tax arrears?

 

I personally doubt it and they are more than likely to get the big hoose brush out for as long as they can.

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11 hours ago, The Future's Maroon said:

The Banter Years, so far...

 

EBT's

 

Big Tax Case

 

Wee Tax Case

 

Craig Whyte, 'wealth off the radar'

Craig Whyte's pound coin

Jelavic, "titles in the bag"

Arsenal Shares sold

67 Ibrox players to sue Rangers

McCoist as manager

The Big Hoose must stay open

........

Pitch invasion at Firhill

Martyn Waghorn noised up outside chippy

Warburton dragged out of a press conference

Simunovic putting Miller into orbit

The Invincible Treble!

Jim Traynor

....

Andy Halliday in tears

The 'best day' of Andy Halliday's life...

Going "All In"

Andrew Dallas awards 4 (four) penalties at Ibrox

Morelos 3-Game ban

 


image.png.83c02cf5cc0e52730e2fe98a07be4dd8.png

 

😋

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Seymour M Hersh
2 hours ago, Meadows said:

 

The actual payable amount is nearer 11.5 %, 20% is the amount over the headline figure ( chargeable ) rather than deductable . 

 

One day in the PM role and already BJ has lowered taxes!! What a guy! :laugh:

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Seymour M Hersh
8 hours ago, Biguche said:

 

That's bordering on obsessive mate

 

Well, he did say the list was from some sellik fan or other.

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12 hours ago, Icon of Symmetry said:

 

This is where I am. Delicious karma for all the many times they used BoS to force clubs to sell players on the cheap.


Really wish some journalist like Thompson had taken this on. People should be in jail. 

Also annoys me that the clubs must have put 2 and 2 together at some point and did feck all about it.

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Footballfirst
1 hour ago, 7628mm said:

Do you really believe that The Rangers will likely tell the SFA anything like the truth if they have any Tax arrears?

All major clubs are cash rich at this time of the season with ST money and the first installment of the TV money due next month. 

 

It would be inconceivable to me that they would be in arrears at this point in the season. 

 

There are also too many eyes on their Board's conduct for them to consider repeating the Oldco's deception and cover up. 

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On 23/07/2019 at 21:58, farin said:

 

A17B76D1-D6D1-4890-8599-7C5965C7B195.thumb.jpeg.c2befc5966f36406a95060a86c9fbdb1.jpeg

 

Oh dear. 😊

 

But, but, Ashley will save the Rangers. 😂 

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John Findlay
20 hours ago, 7628mm said:

 

FF I have always been a keen reader of your posts during the 7 years of this saga and found your posts very informative.

 

I have a question regarding the part of your post in bold above.

 

Do you really believe that The Rangers will likely tell the SFA anything like the truth if they have any Tax arrears?

 

I personally doubt it and they are more than likely to get the big hoose brush out for as long as they can.

They may inform the SFA. The thing is the SFA will keep to themselves and sweep under the carpet.

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Midloth_Iain
5 hours ago, farin said:

 

Its slowly beginning to dawn on the higher I.Q’s among them what having a convicted criminal in king is doing to them cash wise. 😊

 

BA18301A-2CD9-49BA-8C40-40C3F4869B95.thumb.jpeg.5aa7cf891976f3f659d3dbd989ce358f.jpeg

 

 

best thing I have read all day  :greggy:

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7 minutes ago, Kid Creole said:

 

best thing I have read all day  :greggy:

Ah haven’t seen the great man for a while ...

 

or even ...

 

:Alex:

Edited by jambovambo
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19 minutes ago, jambovambo said:

Ah haven’t seen the great man for a while ...

 

or even ...

 

:Alex:

Boo ... what happened to the :alex: ?

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Cruyff Turn

At this rate, Newco won’t be around to see Celtic win 10 in a row, nevermind be able to stop it.

 

Didn’t they make a 14million loss last season?

 

They are apparently spending more than they are earning.

 

They now owe Ashley a probable 8 figure sum, plus legal costs. 

 

They are are dependent on loans from board members.

 

And rumours that the taxman is pursuing them. 

 

It’s not looking good for Mark II is it? 

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Anything up with Mike ?

 

https://www.bbc.co.uk/news/business-49124375

 

There is confusion surrounding the release of results from Mike Ashley's Sports Direct, after the firm failed to publish them early on Friday morning.

In a statement, Sports Direct said it was "still finalising" the results, but anticipated publishing them on Friday.

It is extremely unusual for results to be delayed in this way, and one analyst called events "an utter shambles".

The full-year results have already been delayed once - originally they were due to be reported on 18 July.

At the time, Sports Direct blamed the delay on uncertainty over the future trading performance of the House of Fraser chain, which it bought last year, as well as increased scrutiny of its auditor Grant Thornton. It also indicated that it might not achieve its profits forecast.

'Disregard for shareholders'

In a short statement released on Friday at midday, Sports Direct said: "We are currently still finalising our preliminary results and will update you again at 14:00."

The firm had earlier apologised after delaying the release of its results and cancelling an investor presentation at the last minute.

Neil Wilson, chief market analyst for Markets.com, said the events were "a total and utter shambles" that "betrays a number of problems at the business after [Mr] Ashley embarked on his rather random acquisition spree."

"Above all it betrays a total disregard for shareholders," he said.

Analysis

By Simon Gompertz, BBC personal finance reporter

"We've stop being surprised by Sports Direct," said an exasperated investor outside its cancelled results presentation just off Oxford Street this morning.

Delaying the figures once is an embarrassment. Putting them off again is being described as a shambles.

Bewildered journalists, investors and City analysts were left to speculate about the reasons.

That's not good for a company engaged in one of the most challenging tasks on the High Street, breathing new life into House of Fraser.

One investor's view is that Sports Direct's head office is "run on a shoestring" so that handling the House of Fraser situation was always likely to be rocky.


UK-listed companies normally publish their results at or close to 07:00, before the London markets open at 08:00.

Sports Direct shares fell in early trading on the London stock market before recovering.

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6 minutes ago, CJGJ said:

Anything up with Mike ?

 

https://www.bbc.co.uk/news/business-49124375

 

There is confusion surrounding the release of results from Mike Ashley's Sports Direct, after the firm failed to publish them early on Friday morning.

In a statement, Sports Direct said it was "still finalising" the results, but anticipated publishing them on Friday.

It is extremely unusual for results to be delayed in this way, and one analyst called events "an utter shambles".

The full-year results have already been delayed once - originally they were due to be reported on 18 July.

At the time, Sports Direct blamed the delay on uncertainty over the future trading performance of the House of Fraser chain, which it bought last year, as well as increased scrutiny of its auditor Grant Thornton. It also indicated that it might not achieve its profits forecast.

'Disregard for shareholders'

In a short statement released on Friday at midday, Sports Direct said: "We are currently still finalising our preliminary results and will update you again at 14:00."

The firm had earlier apologised after delaying the release of its results and cancelling an investor presentation at the last minute.

Neil Wilson, chief market analyst for Markets.com, said the events were "a total and utter shambles" that "betrays a number of problems at the business after [Mr] Ashley embarked on his rather random acquisition spree."

"Above all it betrays a total disregard for shareholders," he said.

Analysis

By Simon Gompertz, BBC personal finance reporter

"We've stop being surprised by Sports Direct," said an exasperated investor outside its cancelled results presentation just off Oxford Street this morning.

Delaying the figures once is an embarrassment. Putting them off again is being described as a shambles.

Bewildered journalists, investors and City analysts were left to speculate about the reasons.

That's not good for a company engaged in one of the most challenging tasks on the High Street, breathing new life into House of Fraser.

One investor's view is that Sports Direct's head office is "run on a shoestring" so that handling the House of Fraser situation was always likely to be rocky.


UK-listed companies normally publish their results at or close to 07:00, before the London markets open at 08:00.

Sports Direct shares fell in early trading on the London stock market before recovering.

 

Ashley is probably just trying to find the cheapest printing company

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16 hours ago, Spellczech said:

Milikovich just keeps getting better and better and better Haha!!!

Milkingthemvich 

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Sometimes Mike not so magic it seems

 

Difficult times but underlying performance okay though still down

Sports Direct says it regrets rescuing House of Fraser in its much-delayed results, which revealed a €674m (£605m) tax bill from Belgium authorities.

The firm, which bought the department store out of administration a year ago, said: "If we had the gift of hindsight we might have made a different decision in August 2018."

It described problems at House of Fraser as "nothing short of terminal".

It added it was in talks with Belgium officials to resolve the tax bill.

The full-year results had been due to be published on 15 July but were delayed until 26 July, in part, because of uncertainty over the future trading performance of House of Fraser.

Those results had been expected to be published on Friday morning, but were subject to continuous delays throughout the day.

It has now emerged that Sports Direct, which is majority-owned and run by billionaire Mike Ashley, was hit by the tax bill by Belgian authorities on 25 July.

The company said the request for back taxes is linked to the way its goods are moved throughout the European Union and are taxed in Belgium.

Meanwhile, it also said that its chief financial officer of two years, Jon Kempster, is stepping down and will be succeeded by his deputy, Chris Wootton.

Commenting on House of Fraser, Neil Wilson, chief market analyst at Markets.com, said: "It's a House of horrors, more like."

He said Sports Direct had "every reason to regret buying House of Fraser now".

"It's such a shame as there were such high hopes," he added.

Mr Ashley had vowed to turn House of Fraser into the "Harrods of the High Street" when he bought the department store chain out of administration for £90m last August

Analysis

By Simon Gompertz, BBC personal finance reporter

With the benefit of hindsight, buying House of Fraser looks to Mike Ashley like buying a millstone and tying it around his own neck.

He paid £90m to the administrators and has seen his Sports Direct profits reduced by £51m since then. That's been the cost of keeping House of Fraser going.

Now a cull of the stores is about to start. There are still 54. Not many have gone while he tested which ones had a future.

Some carried on losing money even after he had bullied the landlords into charging zero rent.

Mr Ashley warned that there is going to be "a lot of store closures" in the coming months, with smaller outlets in smaller towns most at risk.

When I asked him if that mean most House of Fraser would be shut down, he answered "no" but it is clear that thousands of jobs could be in danger.

Presentational grey line

However, on Friday he said: "In the short-term you can't justify it. It's like buying a broken down car at the roadside - you have to get it to the garage to fix it."

But he said: "Long-term, we'd like to think we are hopeful of where we are going."

Shop closures

Before House of Fraser went into administration last year - it was planning to shut 31 of its 59 stores. Sports Direct said it could close some stores - but didn't say how many.

It said: "There are still a number of stores which are currently paying zero rent and that are still unprofitable, and unfortunately this is not sustainable.

"We are continuing to review the longer-term portfolio and would expect the number of retained stores to reduce in the next 12 months."

Sports Direct said that it is working hard to turn House of Fraser around, but said "it will not be easy".

"On a scale out of five, with one being very bad and five being very good, House of Fraser is a one," the company added.

For the year to 28 April, underlying profits at Sports Direct dropped by 6% to £287.8m.

However, taking out House of Fraser, Sports Direct's income rose by 10.9%.

Total full-year sales grew by 10.2% to £3.7bn.

 

 

Edited by CJGJ
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19 minutes ago, CJGJ said:

Sometimes Mike not so magic it seems

 

Difficult times but underlying performance okay though still down

Sports Direct says it regrets rescuing House of Fraser in its much-delayed results, which revealed a €674m (£605m) tax bill from Belgium authorities.

The firm, which bought the department store out of administration a year ago, said: "If we had the gift of hindsight we might have made a different decision in August 2018."

It described problems at House of Fraser as "nothing short of terminal".

It added it was in talks with Belgium officials to resolve the tax bill.

The full-year results had been due to be published on 15 July but were delayed until 26 July, in part, because of uncertainty over the future trading performance of House of Fraser.

Those results had been expected to be published on Friday morning, but were subject to continuous delays throughout the day.

It has now emerged that Sports Direct, which is majority-owned and run by billionaire Mike Ashley, was hit by the tax bill by Belgian authorities on 25 July.

The company said the request for back taxes is linked to the way its goods are moved throughout the European Union and are taxed in Belgium.

Meanwhile, it also said that its chief financial officer of two years, Jon Kempster, is stepping down and will be succeeded by his deputy, Chris Wootton.

Commenting on House of Fraser, Neil Wilson, chief market analyst at Markets.com, said: "It's a House of horrors, more like."

He said Sports Direct had "every reason to regret buying House of Fraser now".

"It's such a shame as there were such high hopes," he added.

Mr Ashley had vowed to turn House of Fraser into the "Harrods of the High Street" when he bought the department store chain out of administration for £90m last August

Analysis

By Simon Gompertz, BBC personal finance reporter

With the benefit of hindsight, buying House of Fraser looks to Mike Ashley like buying a millstone and tying it around his own neck.

He paid £90m to the administrators and has seen his Sports Direct profits reduced by £51m since then. That's been the cost of keeping House of Fraser going.

Now a cull of the stores is about to start. There are still 54. Not many have gone while he tested which ones had a future.

Some carried on losing money even after he had bullied the landlords into charging zero rent.

Mr Ashley warned that there is going to be "a lot of store closures" in the coming months, with smaller outlets in smaller towns most at risk.

When I asked him if that mean most House of Fraser would be shut down, he answered "no" but it is clear that thousands of jobs could be in danger.

Presentational grey line

However, on Friday he said: "In the short-term you can't justify it. It's like buying a broken down car at the roadside - you have to get it to the garage to fix it."

But he said: "Long-term, we'd like to think we are hopeful of where we are going."

Shop closures

Before House of Fraser went into administration last year - it was planning to shut 31 of its 59 stores. Sports Direct said it could close some stores - but didn't say how many.

It said: "There are still a number of stores which are currently paying zero rent and that are still unprofitable, and unfortunately this is not sustainable.

"We are continuing to review the longer-term portfolio and would expect the number of retained stores to reduce in the next 12 months."

Sports Direct said that it is working hard to turn House of Fraser around, but said "it will not be easy".

"On a scale out of five, with one being very bad and five being very good, House of Fraser is a one," the company added.

For the year to 28 April, underlying profits at Sports Direct dropped by 6% to £287.8m.

However, taking out House of Fraser, Sports Direct's income rose by 10.9%.

Total full-year sales grew by 10.2% to £3.7bn.

 

 

 

I see their CFO is stepping down, I wonder if that is his decision or if he was made an offer he couldn't refuse!

 

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On 25/07/2019 at 16:34, Lfhearts said:

That list is sad and to be copied from a Tim's fans is very sad indeed.

 

Yeah, it’s very Timmy, but still. Anything that causes the horrible Hun vermin misery is fine by me. Hope they go out of business again, and this time it be permanent. Scum.

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Couple of positive rangers feel good stories dropped in yesterday’s daily ranger. Morelos to ac Milan! And expanding ibrox by 5k seats. 

 

No financial issues here. Everything is rosy 

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The Future's Maroon
On 25/07/2019 at 16:34, Lfhearts said:

That list is sad and to be copied from a Tim's fans is very sad indeed.

 

If you think I visit Celtic forums and copied that from there you are mistaken, it was sent to me via text from a Celtic fan, I found it funny and posted it for others amusement. 👍

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  • Maple Leaf locked this topic

This thread is now locked. 

 

See the new thread "The Sevco saga continues ..."

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