Paul Clark has bodyswered some damming accusations made about the validity of Duff and Phelps to act as administrators for Rangers.
The BBC documentary ‘Rangers- The Men Who Sold the Jerseys’ made a number of accusations about the suitability of Duff and Phelps centred around their relationship with David Grier and the controversial deal with Ticketus that assisted Craig Whyte’s £1 buy out of former chairman David Murray.
Duff and Phelps have attempted to distance themselves from Grier who was part of Whyte’s team that took over Rangers 12 months ago.
The BBC have published emails showing the extent of Withey’s involvement with Whyte and Ticketus. Duff and Phelps have started court action to cancel that deal but the role of Withey is certain to rule against the chances of the deal being overturned.
Despite the serious nature of the BBC claims Duff and Phelps made a statement tonight on the EBT issue!
Clark said: “The use of EBTs at Rangers goes back many years and was a matter of public record in the annual accounts. Our primary focus has been ensuring the survival of Rangers Football Club and attracting a new buyer for the business as well as investigating the financial situation at the Club since the takeover in May 2011.
“We and the Club will continue to give every assistance to the football authorities on issues affecting the Club. It should, however, be noted that the First Tier Tax tribunal has yet to publish its findings in relation to the use of EBTs.”
Later on in another statement Clark added: “For the BBC to suggest that I deliberately misled or lied to Mark Daly is both grossly insulting and unacceptable to me as an officer of the court. During my conversation with Mr Daly on Feb 22, which was off the record, I said I thought that MCR became aware of the full scale of Ticketus funding in July or August.
“I gave an honest answer to the best of my recollection as I had not been closely involved in the Rangers takeover work at the time.
“For the BBC now to accuse Duff and Phelps of conflicts of interest and unprofessional conduct based on a deep misunderstanding of the true picture is downright irresponsible and defamatory and we will not let the matter rest there.”
CLICK HERE for David Murray’s £6.3m EBT
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Messy indeed
“Our primary focus has been ensuring the survival of Rangers Football Club and attracting a new buyer for the business”
Surely their primary focus should have been on ensuring the maximum return for creditors. If Crook Whyte’s floating charge for circa £ 30m is legal, then they should have sold 6-10 players and got rid of him right away. That would have left another 10 or so players to sell + the assets + wages saved so the creditors pot would have been nearer £40-50m instead of the paltry £ 4.5m it is now…..These clowns should be locked up.
This is hilarious. They are actually trying to distance themselves from Rangers! ‘We know we have been corrupt and hopeless but only recently. You guys have been lying and cheating for years and you can’t blame us for the lot of it’. Breath-taking. And so, so funny.
The documentary had the lot; porn king financial advisors; Motherwell billionaires dining with Royalty at the weekend; Govan mechanics with possibly the worse dress sense in Scotland and a double amputee trying to pull Joanna Lumley!
Never has a football club been reduced to such a laughing stock in the history of the game. Baxendale-Walker even came with comedy pipe. Truth really is stranger than fiction.
ABOUT TO BE PLAIN! DAVID MURRAY TELLS PORKIES! SO DOES “ABOUT TO BE EX PRESIDENT” OGILVIE, SO DOES THE STAR OF THE SHOW, “ABOUT TO GO DOWN IN CELTIC FOLKLORE” CRAIGY BHOY! ONLY wee Whyte lies from him! BUT WHAT ABOUT THE OTHER STAR! SAMMY, HE JUST HAD TO BE “THE MECHANIC”
Everyone is allowed their day in court, but the court of public opinion must have it’s voice heard. If this is not the end of this sad regime , if after this a case can be made by anyone then God help us all!
What did I say in my previous post? All will be as it was. It wisnae me it was them. We canny dae a thing as we dinnae hae a’ the facts. Dm and BBCS didnae really tell us onythin’ new, ye ken. And so we can all go hame happy as nout has changed. Up you BBCS, MD and all you Celic’ sites. Ye cannae catch me, ha, ha, ha! A’ve got a’ the baws ye see. So a says who’s plyin’ ‘n its no yous.
H H
i know this has nothing to do with whats said here but has CQN been intercepted? cant get onto either of the two most recent posts
No. Paul warned it would probably collapse with the volume. It is probably been burned out long ago. Maybe a new day before we can get back on.
H H
This whole Duff & Phelps crapp,is just one big stalling exercise,their appointment and their handling of the administration has been and is one big joke. I like many others smelt a rat when dumb and dumber tryed to sign a player when rankers were already in administration, unheard of!!!
The SPL president needs to take
the only option left for him….resign now,and take dumb & dumber with you.