Comment deleted by Site Moderator
Tax case is the key for me, always has been
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.
Comment deleted by Article Creator
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
Haha,
Seriously Irvine?
We will be fine!
Comment deleted by Site Moderator
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simple question
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posted on 12/4/12
Comment deleted by Site Moderator
posted on 12/4/12
Tax case is the key for me, always has been
posted on 12/4/12
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.
posted on 12/4/12
Comment deleted by Article Creator
posted on 12/4/12
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.
posted on 12/4/12
liquidation is looking the most likely,even winning the big tax case they're still boogered with appeals etc.
posted on 12/4/12
Liquidation is looking the least likely.
1. Asset Sale
2. CVA and NewCo
3. CVA and OldCo
4. 'Liquidation'
posted on 12/4/12
Sorry, should read:
1. Asset Sale and NewCo
posted on 12/4/12
I think we've had it
posted on 12/4/12
Haha,
Seriously Irvine?
We will be fine!
posted on 12/4/12
Comment deleted by Site Moderator
posted on 12/4/12
Ginge
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