David Whitehouse: "We've already been in consultation with largest creditor, HMRC and they're fully aware of and are supportive of the bid.
DW: HMRC & Ticketus are both creditors of the company and the creditors have voted in favour of the proposals which enable us to do deal
DW: They will receive the benefit pro rata with other creditors of the pool of funds which have been created for the creditors generally
DW: That pool of funds will come from the proceeds of the litigation that have been brought..
the existing assets such as they are and the proceeds of the sale and purchase agreement which we are commencing now with Bill Miller."
GIRFUY Timmy.
All that cash wasted on jelly and ice cream too
Browse:
better 'n' better
comment by Marcelino- #SilvioForFIFAPresident (U6171)
posted on 3/5/12
comment by MarkyMarksIllegitimateSonGordon (U7028)
posted on 3/5/12
I hope the dafty who gave Whyte £4m upfront from Ticketus gets fired.
comment by 54isthenumberpreceding55 (U5312)
posted on 3/5/12
So,
£11m( plus up to £30m from litigation) to repay £54m debt with a similair ratio to HMRC should they win the FTTT.
Free and clear of debt with no liability, in the SPL with no more penalties, history intact........job done Mr Whyte.
posted on 3/5/12
OH FFS!
Quick! Somebody get Bernadette and the dug and take them up tae her maw's.
comment by The Timinator (U9180)
posted on 3/5/12
http://local.stv.tv/glasgow/98034-rangers-administrators-cannot-give-100-guarantee-over-liquidation/
Backtracking all ready i see.
comment by MarkyMarksIllegitimateSonGordon (U7028)
posted on 3/5/12
Tim are you simple?
We all know that percentages against it working out in the old company are slim (incubator company), but there is a chance!
comment by Uncle Tom Cobley. (U8247)
posted on 3/5/12
Im quite happy with the level of punishment Rangers will have to endure.
3 seasons of no Europe will mean Rangers will have to cut their cloth accordingly. The possible sanctions for a newco in the SPL are still up in the air (it may happen, it may not) and above all Bill Miller is indeed a very shady character- see his attempt at NASCAR
I cant speak for all us tims but Im quite happy with things as they are.
comment by hillbillybear (U2010)
posted on 3/5/12
U8247, so everybody's happy then........you wonder what all the fuss was about eh. Everything has worked out just hunky-dory
comment by CHARLIE HARPER (U5716)
posted on 3/5/12
Will William ever learn
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