The Craig Whyte statement in detail. On the Ticketus arrangement he said that, it was 'without any shadow of a doubt, the best deal for Rangers.' The Ticketus funds, which amounted to £20 million plus VAT, were agreed as bridging finance while negotiations with HMRC were under way to try to reach a compromise on both the 'wee' and 'big' tax cases. Mr Whyte said: 'The arrangement with Ticketus – which was a three-season deal not four, as has been reported – was originally to provide additional working capital as had been the case previously under the old board.
My corporate advisers came to me with the proposition that it was entirely possible, as well as highly beneficial, to negotiate a deal with Ticketus that would allow us to complete the takeover and maximise working capital for the club's day-to-day business. 'The Ticketus deal was by far the best way to protect the club given the circumstances in that they have no security over any assets. Where did the rest of the money go? He will be making the decisions. Tic Talk – Radio Shows. Rangers FC: How a market leader went bust. Stephen Henderson delves into the story of how Glasgow Rangers FC went bust Just the facts On last Tuesday Rangers Football Club (RFC), under the control of owner Craig Whyte, entered administration and were docked 10 league points by the SPL.
The proximate cause was £9 million of unpaid PAYE and NI remittances subtracted as normal from players and other employee’s wages but withheld from HMRC. They leave behind a trail of unpaid creditors, including millions in player fees to other clubs, ticket money owed to several SPL clubs, fees to police and stewards for match day security, and a potential liability of £49 million for a controversial tax avoidance vehicle (the EBT, or “the big tax bill”) to be decided by a tribunal very soon.
All this follows an earlier court ordered seizure of around £3 million (the “wee tax bill”) earlier in the season. And what exactly was this Ticketus money used for if all these taxes and bills have gone unpaid? Craig Whyte How did it come to this? The media. The Celtic Network - Celtic FC, Blogs,Forums,Podcasts and News. TicTacTic | Critical analysis of all things Celtic. The Ultimate Celtic Forum - Illicit chanting - Time for a change. Online Celtic Fanzine. Strathclyde Police praise Celtic support.
A meeting was held on Thursday 29th December between Affiliation and Strathclyde Police as a follow up to recent discussions on policing issues at Celtic Park. The minutes of this meeting are below. Strathclyde Police praise Celtic support Update meeting with Campbell Corrigan (Assistant Chief Constable, Strathclyde Police) Thursday 29th December 2011 Present Strathclyde Police – Campbell Corrigan and Simon Wright Affiliation of Registered C.S.C.’s – Mark Cameron and Alan Horne Campbell Corrigan (CC) opened meeting by praising Celtic support for exemplary behaviour at last night’s game.
In comparison to “shame game” it was a much quieter event for police, it was later confirmed that only 12 arrests were made (compared with 34 at March 2011 game) and none were for sectarian offences. Mark Cameron (MC) asked why all coaches were stopped en-route to match and searched for alcohol when it had previously been stated that match would be policed as per any other Celtic v Rangers match.
Celtic Forums. [preview] St Mirren vs Celtic - CelticTalk Forum. Subs: Zaluska (24); Cha (10); Rogne (25); Ki (18); Commons (15); Ledley (16) and McGeough (46) This is the team I think he will go with. I can't make my mind up about Brown. The rest of the team picks itself really. Prediction: 3-1 (Hooper, Matthews + Ki) We'll dominate them in the first half and score 2. Celtic Forums.