Bluedell 5,679 Posted February 14, 2012 Share Posted February 14, 2012 HM Revenue and Customs have lodged an application to put Rangers into administration. The club had lodged a notice of intent to appoint an administrator. However, on Tuesday HMRC lodged an order with the Court of Session in Edinburgh calling for the court to appoint an administrator. It will be heard before a judge at midday and HMRC are due to make a statement afterwards. http://news.stv.tv/scotland/west-central/297509-hmrc-moves-to-put-rangers-into-administration/ 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted February 14, 2012 Author Share Posted February 14, 2012 Is this HMRC calling Whyte's bluff? 0 Quote Link to post Share on other sites More sharing options...
Juancornetto 1 Posted February 14, 2012 Share Posted February 14, 2012 Looks like it Bluedell. Whyte has spooked them into action, we just have to hope that he has all the assets and debts separated in readiness for KPMG coming in. 0 Quote Link to post Share on other sites More sharing options...
andrew_2010 0 Posted February 14, 2012 Share Posted February 14, 2012 oh crap... this is happening quicker than I thought it would! need to stay off the internet for the next week or so... 0 Quote Link to post Share on other sites More sharing options...
Bears 0 Posted February 14, 2012 Share Posted February 14, 2012 Can someone smart break this down in Laymans terms please 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted February 14, 2012 Share Posted February 14, 2012 According to Mr Whyte, HMRC are not playing ball with regard to a settlement agreement. That being the case HMRC are simply saying "go for it" 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted February 14, 2012 Author Share Posted February 14, 2012 I presume that HMRC want an independent administrator appointed rather than one picked by CW. There may be more to it, but it's moved outside the realms of my expertise. 0 Quote Link to post Share on other sites More sharing options...
Guest Dutchy Posted February 14, 2012 Share Posted February 14, 2012 Can HMRC force a company into admin, after that company has stated it's intent to do so. Sounds like a very bullying way of going about things, but that's the way seem to enjoy governing ourselves in this country. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted February 14, 2012 Author Share Posted February 14, 2012 (edited) Can HMRC force a company into admin, after that company has stated it's intent to do so. Whyte has started the ball rolling but there's no guarantee that we would go into administration. It's still just an option. This seems to be HMRC taking away that option. It appears that they feel that CW is f***ing them around and this is their response. HMRC have been mean buggers for a number of years. Edited February 14, 2012 by Bluedell 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted February 14, 2012 Share Posted February 14, 2012 I see it as the financial equivalent of a "Square go" 0 Quote Link to post Share on other sites More sharing options...
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