Would be Rangers owner Charlie Green claims to have been given a nod by HMRC that they will accept a pennies in the pound CVA.
The claim is made in the Daily Record as Green tries to buy time for the much delayed CVA that would save Rangers from liquidation.
HMRC keep a very low profile on these matters, refusing to comment on individual cases, and are unlikely to be happy with claims that they have accepted a cut price offer on tax from this year that was used to fund a football club.
Green’s CVA pot is believed to amount to around £8.5m with administrators Duff and Phelps first to be paid taking over £3m off the sum available to creditors.
HMRC and Ticketus are both owed more than 25% of the total debt and have the power to reject a CVA forcing the club into liquidation and an asset sale.
Green told the Daily Record ‘HMRC have given us the nod but we need it in writing’.
The former Sheffield United chief added: “We are in the very final stages of completing the CVA and that’s expected very, very shortly.”
Ignoring the possibility that his CVA may fail or the looming big tax case which could reach over £50m Green is already planning for the future.
He added: “The problem with the club historically is there has been no corporate governance. There was no accountability, no corporate balance.
“What we need to do is get people who haven’t got shares on the board so they are not influenced by the share holding.
“When they make a decision then it’s made on the basis of what is proper and what is right, not what is in David Murray’s interest or that of David Murray holdings or in the interest of Craig Whyte.”
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Is this guy for real. I smell SHOITE… RFC have ruined the scottish game and are now ruining it beyond repair, they need to be folded, shut down and all assets sold to pay off the debts owned to the tax paying people of britain. If this was a normal everyday business like Woolworths well we know what would happen don’t we seems one rule for them and one rule for the rest total shambles UEFA must be watching proceedings with their eyes covered…
Yeah, I believe everything Mr Green says: I also always believe Rough and Skelps, Sir Minty Moonbeams, Craig Whyte, the Sun, Pinochio, and all the rest of the lovely gentlemen involved in saving/destroying ragers.
does anyone know why the outcome of ftt (big tax case) has not been anounced yet ?
if the huns survive this it will be the biggest scandel in scotlands history.
i cant belive for 1minute that hmrc will accept a cva
Hopefully the taxman is waiting until ‘they’ think they have got through their troubles then bring it out & end it once and for all.
Walter Mitty strikes again!
Is Cha Cha G in contact with HMRC by himself? Why would HMRC discuss a case with someone who has, as yet, no legal standing within the RFC business?
Duff and Duffer may have had contact in their Administrator capacity and had they been given the nod why wouldn’t they be centre stage claiming credit and trying to ingratiate themselves with the Govan mob?
A reply to a recent letter to the Scottish Government that I’ve seen got this – among other comments – in the reply
…….You will appreciate that the administrators are taking forward the process of assessing the
business and securing an outcome in the best interests of all the creditors. It is therefore too early to comment on potential outcomes however I want to be clear that no public money would be offered to bail out any football club and this remains the case with Rangers.
HMRC are dealing with the public purse. NO BAILOUT, NO CVA, NO NEW INVESTORS, NO MORE CASH, NO MORE GLASGOW RANGERS FC.
This is not the beginning THIS IS THE END.
H.H.
Thats great news for every tax payer in scotland. Monday morning a will be on the phone to center one in E.K. and find out how much a can claim back. Why should i pay all my tax and other people don’t fairs fair at the end of the day. So thank you mr green hail hail oh there’s a cow jumping over the moon wwonder what that means .
The establishment are trying to wear us down so that in the end we just accept anything just being happy to draw a close to this ranjurrs scandal. I don’t think so. Maybe in the sad old days when we depended on the Daily Crapp for our ”news” we may have gone down that road without the facts to go by. But not now because we are the informed Internet Bampots and we, Don’t Do Letting Them Walk Away!
Utter garbage from Green….he has talked plenty of 100% crap from day one e.g.
Winning the title next season
Claims he has a binding agreement for the shares..as does Dave King
Claims to have 20+ Investors…yet when pushed for names can only come up with 5 or 6.
Still NOT the owner
HMRC do NOT discuss open tax cases with ANYONE so why would they offer ANY info to such a person.
KEECH 100% manure
Charlie, me darlin’, it’s no a nod ye need it’s a f**** pile a money!
Weekends are really boring this close season. Might take a holiday. Monaco maybe. Albert geid me the nod!
H H
see u in montecarlo am bringing ma burd joanna lumley ffs lol
Fantastic news for us all feck the economy.
Penny in the pound deals for us all who cares about nurses teachers local Goverment let’s all pay feck all.
Aye right like the rest of us pay your tax.
Well if this turns out to be true then I would think that every company in the country will stop paying the VAT, NI and PAYE and use the money for any other purpose they want. Run up a bill of £100million plus and then let the taxman now your putting the company into Admin and that they will be getting 1-2p in the £ owed.
This is a real winner for everyone.
Never,ever,ever has HMRC given the nod on anything. Ffs somebody please bring an end to the proceedings, i thought the last ridiculous statement was the Prince Albert one. The season is over no more dead lines, no more late bids, no more new investors, please just die. We need a holiday before our season starts again.
I guess it is just a coincidence that it’s almost time for the Sunday papers to come out? Every weekend there is some claim of victory by the EE just to be crushed at the start of the following week.
It’s always bothered me that they could be playing next season with players that not only have they not paid for but have dodged ANY payment for.
Ma heid’s birlin’ wi aw this crap,pennies in the £, C.V.A…..Signing embargos, appeals to the law courts. why dont they just pay their dues, (like the rest of us) and then take up thier real position within Scottish society, if they are as loyal as they say then, no problem, dues paid, the world can start turning again.
All this flim flam is doing is showing them up as cheap cheats,begging, threatining, bully boys and media whores……………Mr Green, welcome to the real reservoir dogs…………(just drown in a sea of your own mediocrity)
This ‘Nod’, is the biggest load of BS yet! And there’s been alot of BS!
Even beyond the tax case I always wonder how they can sell assets (players) that they haven’t yet paid for and don’t intend on paying for and never intended to pay for, surely in any other walk of life business or otherwise this is called theft.
We should just go and ‘buy’ messi from barca for say £100 mil sell him for £90 mil and tell barca to do one when they ask for payment, worked with the jelavic transfer…