BlueMazza 0 Posted March 1, 2012 Share Posted March 1, 2012 On the paye/Ni point, I'm fairly sure that legally they HAVE to pay tax and ni whilst in administration. 0 Quote Link to post Share on other sites More sharing options...
Bears 0 Posted March 1, 2012 Share Posted March 1, 2012 On the paye/Ni point, I'm fairly sure that legally they HAVE to pay tax and ni whilst in administration. It was reported we were paying it again by reputable outlets 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted March 1, 2012 Author Share Posted March 1, 2012 I always took it for granted that administrators went in to a Company, cut costs etc and made the Company viable so that it could be sold if possible. Then the creditors were paid with the proceeds of the sale, or as much as possible. If the Company could not be sold, the assets were sold and the creditors paid so much in the pound. Now I have never thought of a circumstance where the main creditor, CW in this case, doesn't want the Company or the assets sold [ or so he says ]. So what is the Administrators end game in this circumstance? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,665 Posted March 1, 2012 Share Posted March 1, 2012 BBC say Ticketus parent firm Octopus tells investors it's "comfortable" with its £24m #Rangers deal, but "cannot and does not guarantee capital" 0 Quote Link to post Share on other sites More sharing options...
Little General 80 Posted March 1, 2012 Share Posted March 1, 2012 BBC say Ticketus parent firm Octopus tells investors it's "comfortable" with its £24m #Rangers deal, but "cannot and does not guarantee capital" what does this mean? could you explain this to us thickos? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted March 1, 2012 Share Posted March 1, 2012 what does this mean? could you explain this to us thickos? It seems to suggest that they are not as confident as they should be in getting the tickets from us. Whether the warning is in respect of the deal as it stands or whether it is in respect of any liquidation is unclear. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted March 1, 2012 Share Posted March 1, 2012 Statement regarding Rangers Football Club Following a meeting yesterday with Rangers Football Clubâ??s (the â??Clubâ? or â??Rangersâ?) administrators Duff & Phelps, Ticketus would like to state its desire for a rapid and successful conclusion to the Clubâ??s administration process and confirm its willingness to enter into discussions with any serious potential bidders for the Club. We met with the administrators yesterday to make it clear that we intend to be part of a solution for the Club, and to ensure a fast and fair resolution is achieved for all parties. We outlined that this includes working with potential purchasers to help provide various financing solutions to the Club that would be attractive to new owners. Ticketus believes that the best outcome for Rangers, its fans, Ticketus and our investors is for the administration process to be concluded as soon as possible, with a purchaser found who is able to bring stability to the Club. Ticketus has an obligation to its investors to pursue all avenues to ensure that the ticket purchase agreement it entered into with the Club is honoured, and we are committed to going to the lengths necessary to ensure that the future of the Club is preserved and its agreement with Ticketus fulfilled. We believe that our investorsâ?? interests are aligned to those looking to safeguard the Clubâ??s future. We have already been in contact with a number of other key stakeholders, including potential bidders and fansâ?? representatives, and believe working collaboratively with all parties to create a solution for the Club that puts it on a secure financial footing must be everyoneâ??s priority. Ticketus looks forward to continuing to work with the administrators and serious potential bidders to secure a positive outcome for the Club. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted March 1, 2012 Share Posted March 1, 2012 My reading of that statement is that Ticketus actually have an input into the future of the club - rather than simply being a creditor. Why would they be involved in discussions with potential buyers???? Could it be that THEY are the largest secured creditor and not Mr Whyte??? 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted March 1, 2012 Share Posted March 1, 2012 That sounds like they have been stung big time by Whyte and are starting to panic. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,665 Posted March 1, 2012 Share Posted March 1, 2012 Yeah, I think they are somewhat on the back-foot. Seems to be in their interests that Rangers are not liquidated. Suggests any ticket deal would be null and void otherwise. 0 Quote Link to post Share on other sites More sharing options...
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