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Rangers are Rocking; Scottys Financial insight inside.


Speirs  

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  1. 1. Was Speirs talking the truth or lying

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Aye it has a certain inevitability about it all.

So while we wait for the outcome we will have a good few months of folk demanding titles be stripped before the next and final decision.

If it is win for RFC everyone has to shut up (again) about all that cheating stuff but if RFC (or rather BDO) lose at the SUPREME court then the cheating shit goes kunting fecking nuclear IMHO. This issue could have died a death had BDO not appealed but now it is life or death.

I feel it was a blatant case of tax evasion but who knows RFC (1899 & 2012) have friends in high places.

:guitar:

By taking it to the supreme court BDO have gone all in. If they lose the clamour for title stripping will go interstellar. If the win then they get to keep the cheated titles.

More comedy gold.

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Aye it has a certain inevitability about it all.

So while we wait for the outcome we will have a good few months of folk demanding titles be stripped before the next and final decision.

If it is win for RFC everyone has to shut up (again) about all that cheating stuff but if RFC (or rather BDO) lose at the SUPREME court then the cheating shit goes kunting fecking nuclear IMHO. This issue could have died a death had BDO not appealed but now it is life or death.

I feel it was a blatant case of tax evasion but who knows RFC (1899 & 2012) have friends in high places.

:guitar:

By taking it to the supreme court BDO have gone all in. If they lose the clamour for title stripping will go interstellar. If the win then they get to keep the cheated titles.

What utter drivel. Bdo owes obligation to the creditors. The other stuff is a total irrelevance to them. If there is an arguable case to reduce the company's liabilities by £50m, they should make the appeal.
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What utter drivel. Bdo owes obligation to the creditors. The other stuff is a total irrelevance to them. If there is an arguable case to reduce the company's liabilities by £50m, they should make the appeal.

Instead of running about trying to answer every post and tell everyone how wrong they are maybe stop and think for a few seconds every now and then.

No one is suggesting BDO give a shit about the titles, no one is saying they are not motivated by the money claimed. But the consequence of their actions will be to set up the above.

I have had plenty folk telling me how wrong I am on this subject. What utter drivel they said just before their club fell apart.

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Instead of running about trying to answer every post and tell everyone how wrong they are maybe stop and think for a few seconds every now and then.

No one is suggesting BDO give a shit about the titles, no one is saying they are not motivated by the money claimed. But the consequence of their actions will be to set up the above.

I have had plenty folk telling me how wrong I am on this subject. What utter drivel they said just before their club fell apart.

It's terrible you spend your time educating yourself on doping, financial or otherwise, and it's always a case of shoot the messenger.

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Never saw that.

Unable to use the correct word.

I thought Duff & Phelps were the administrators for the old Rangers

It's no secret that Roddy Forsyth is a massive Rangers fan so he could be trying to do that thing where they (Rangers minded journalists) keep printing inaccurate information that much it becomes reality to some folk.

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I thought Duff & Phelps were the administrators for the old Rangers

It's no secret that Roddy Forsyth is a massive Rangers fan so he could be trying to do that thing where they (Rangers minded journalists) keep printing inaccurate information that much it becomes reality to some folk.

They were but it is BDO in charge now. The comments below are quick to correct him.

Interesting comment

laptoployal a day ago

The author 'understands' that Rangers' liquidators will make an appeal.

However his claim is at odds with the statement issued by BDO on the matter:

https://pbs.twimg.com/media/CU...

So maybe this is not going to appeal. Looks like the papers maybe jumped the gun.
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They were but it is BDO in charge now. The comments below are quick to correct him.

Interesting comment

laptoployal a day ago

The author 'understands' that Rangers' liquidators will make an appeal.

However his claim is at odds with the statement issued by BDO on the matter:

https://pbs.twimg.com/media/CU...

So maybe this is not going to appeal. Looks like the papers maybe jumped the gun.

So it looks like another Hun journalist just making up shit to suit their agenda.

That's pretty much what has happened since Craig Whyte bought them from Minty

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So it looks like another Hun journalist just making up shit to suit their agenda.

That's pretty much what has happened since Craig Whyte bought them from Minty

I think there may have been a coordinated PR push to make it feel like the BDO appeal was imminent... As a way to try to pressure BDO into appealing... Suddenly all papers were reporting it as imminent but actually it was all rumour when you look at it. Has there been any official report of BDO appealing? If no why does it feel like it already happened?

Edited by thplinth
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And on and on and on it goes....

http://rangers.co.uk/news/headlines/notice-to-shareholders/


Notice to Shareholders in connection with the Annual General Meeting (“AGM”) of Rangers International Football Club PLC (the “Company”)

On the afternoon of Thursday 19th November 2015, the Company received notification of a Petition by MASH Holdings Limited to, inter alia, grant interim interdict obliging the Company to withdraw Resolutions 9, 10 and 11 from consideration at the Company’s AGM.

The Petition was heard at the Court of Session on Friday 20th November 2015 and the Company successfully resisted the Petitioners motion for interim interdict in respect of Resolutions 9 and 10, ensuring that shareholders will be given the opportunity to vote on these Resolutions.

The Petitioners were successful in their application to require the Company to withdraw Resolution 11 from consideration by shareholders at the AGM. Although the decision has been made on an interim basis only until the Petition can be fully considered by the Court, this means the Resolution will not be presented to the meeting and shareholders will not be afforded the opportunity to vote upon it. The Company will now consider how best to proceed.

Resolution 11 was intended to afford the Company with protection against a further breach of the Scottish Football Association’s Disciplinary Rule 19 on dual interest whether relating to MASH Holdings Limited and related parties’ interests in the Company and its main operating subsidiary, The Rangers Football Club Limited while MASH Holdings Limited is also the ultimate parent company of Newcastle United Limited or any other shareholder who might have such an interest now or in the future. The Company is under an obligation to demonstrate the utmost good faith to the Scottish Football Association (“SFA”) in relation to any possible breaches of disciplinary rule 19. Shareholders will be aware that related parties of MASH Holdings Limited have other contractual relationships with members of the Group of Companies of which the Company is the holding company. The terms of these relationships are confidential and in some cases the subject of the interim injunction granted before June’s General Meeting. Shareholders are therefore reminded that the Board will be restricted at the AGM in answering questions concerning these arrangements.

A dual interest arises where, except with the prior written consent of the SFA’s Board, a member of a football club in membership of a national association which is in membership of FIFA (a “Club”) is involved in the management or administration or has any power to influence the management or administration of a Club and is at the same time directly or indirectly a member of another Club and is involved in or has the power to influence its management or administration.

*Edit - Ignore the fact that the quote says it's from Thplinth. I couldn't figure out how to add a blank quote box!!

Edited by Fairbairn
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