Monday, February 13, 2012

Rangers lodge legal papers to go into administration.. and now face 10-point deduction in SPL - The Daily Record

Rangers lodge legal papers to go into administration.. and now face 10-point deduction in SPL - The Daily Record

Now the mystery is, did someone in the tax office slip Rangers the info to move now and not last week or next week. You can bet that the taxman will come up with a claim for this weekend.
However it could be a clever move in the long run. Whyte is a preference creditor so he gets first go at the assets, should they go bust, later. The taxman and other creditors then divide the remaining asset sales.
I said, at the time,when Whyte took over, that he was an asset stripper and I stick by it. He could own the ground and the training ground for the £18 million that he put in.

No comments: