simple question

HMRC hold the answer to that one if the level of debt is whats been quoted and we lose the tax case.

While i think HMRC would prefer get something back rather than nothing if the club liquidates it seems common knowledge that they are using Rangers to set a precedent to go after EPL clubs with a far higher debt.

I would prefer the CVA option but don't think we can really make a fair guess on what will actually happen until the outcome of the tax case is heard.

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I think it will be a NewCo either way, even if we do get the CVA.

I think a CVA may be granted, but only if Craig Whyte is out of the picture.

If not then an the club will just be sold out of admin to a NewCo.

Not sure what one, but either way we will have been saved from liquidation.

liquidation is looking the most likely,even winning the big tax case they're still boogered with appeals etc.

Liquidation is looking the least likely.

1. Asset Sale
2. CVA and NewCo
3. CVA and OldCo
4. 'Liquidation'

Sorry, should read:

1. Asset Sale and NewCo

I think we've had it

Haha,

Seriously Irvine?

We will be fine!

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Ginge