Guest carter001 Posted October 3, 2011 Share Posted October 3, 2011 I was told on Saturday that we would definately be going into adminisration after the tax hearing. Following the hearing on the 24th November, Rangers will default on the first payment and be placed into admnistration. The stadium, murray park and the players that signed, or signed new contracts, as well as other assets are owned by another company and are safe. The players (that they want to keep) on older contracts will get new deals and the rest will be let go. Jelavic will also go but, they are trying to ensure they get money for him. Winning the league was not really part of the plan but, would be a nice bonus. And celtic are doing all they can to ensure we do!! Don't shoot the messenger but, it sounds fairly logical to me. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,665 Posted October 3, 2011 Share Posted October 3, 2011 No-one knows the outcome of the hearing so not sure how anyone can say such an outcome is 'definite'. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted October 3, 2011 Share Posted October 3, 2011 The stadium, murray park and the players that signed, or signed new contracts, as well as other assets are owned by another company and are safe. That part is bullshit. The stadium and Murray Park are owned by Rangers and the players must be contracted to the club as well or else they would not be allowed to play with the club. After the hearing there are 2 options. We win the case and we will therefore not go into administration or we lose the case and appeal and will therefore not go into administration. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted October 3, 2011 Share Posted October 3, 2011 Would agree no matter who wins or loses there will be appeals this ain't going away for a couple of years. 0 Quote Link to post Share on other sites More sharing options...
Guest carter001 Posted October 3, 2011 Share Posted October 3, 2011 No-one knows the outcome of the hearing so not sure how anyone can say such an outcome is 'definite'. Fair point but, i'm sure there are some within the club that know how its going to go. I was only putting it up for discussion as it seemed logical. It would also make the balance of the £2.8m tax liability and the martin bain ringfenced money become irrelevant. Personally, apart from the stigma of going into administration, it looks a good option to me. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,813 Posted October 3, 2011 Share Posted October 3, 2011 Since all sorts of things fly about, administration would by default (using Motherwell, Hearts (?) and Co. as an example) mean a 10 point deduction and no players signed, but "not much" more, right? 0 Quote Link to post Share on other sites More sharing options...
Guest carter001 Posted October 3, 2011 Share Posted October 3, 2011 That part is bullshit. The stadium and Murray Park are owned by Rangers and the players must be contracted to the club as well or else they would not be allowed to play with the club.[/b][/b] After the hearing there are 2 options. We win the case and we will therefore not go into administration or we lose the case and appeal and will therefore not go into administration. There have been players that are 'owned' by others and play for teams. Was that not the case with Tevez prior to going to man u? Also, there are players that set themselves up as companies to avoid paying 50% tax and only having to pay corporation tax on their profits. Why couldn't the contracts be with the holding company Wavetower? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted October 3, 2011 Share Posted October 3, 2011 There have been players that are 'owned' by others and play for teams. Was that not the case with Tevez prior to going to man u? Also, there are players that set themselves up as companies to avoid paying 50% tax and only having to pay corporation tax on their profits. Why couldn't the contracts be with the holding company Wavetower? There was a huge fuss about players being owned by third parties (eg Tevez - West Ham almost got relegated because of it) and it's not allowed under FIFA rules (Article 18 of FIFA's Rules on the Status and Transfer of Players). My understanding is that for a player to be registered with the SFA/SPL their contract requires to be with the club itself. Also I doubt that Whyte would be able to transfer ownership of players to Wavetower without cash being involved. 0 Quote Link to post Share on other sites More sharing options...
gisabeer 409 Posted October 3, 2011 Share Posted October 3, 2011 also heard some claptrap about King buying the club from whyte "if" we go into administration. as said before the tax case has the potential to go on for years. But if it does happen everything right down to the last teacup will be sold to pay the debt. dont listen to gossip mate. just wait on the outcome of of the hearing. There is in fact the possibilty that we will win our case. and the tims will be Raging if we do! 0 Quote Link to post Share on other sites More sharing options...
Guest carter001 Posted October 3, 2011 Share Posted October 3, 2011 There was a huge fuss about players being owned by third parties (eg Tevez - West Ham almost got relegated because of it) and it's not allowed under FIFA rules (Article 18 of FIFA's Rules on the Status and Transfer of Players). My understanding is that for a player to be registered with the SFA/SPL their contract requires to be with the club itself. Also I doubt that Whyte would be able to transfer ownership of players to Wavetower without cash being involved. There have been plently of rumours going about as to what might or might not happen. This was just one that seemed feasilbe. I'm sure we'll all be watching very closely the outcome of the hearing but, regardlss of whos rumour is most accurate, if it goes against us, i'm sure there is a plan in place that will portect as much of the club as possible 0 Quote Link to post Share on other sites More sharing options...
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