That persistence thing really is quite something.
Regular readers will not have been surprised by the recent statement by SFA Chief Ian Maxwell on this important matter of governance.
It looks like he was allowed the usual softball treatment by the mainstream when he put it out there.
For the uninitiated, it revolves around the decision by the SFA to approve a UEFA licence to play in Europe for season 2011-2012.
It is the contention of the Resolution 12 requisitioners that the original Rangers should not have been granted a licence because they were owing to a taxing authority.
This refers to what became known as the “Wee Tax case” around the use of the Discounted Options Scheme to remunerate Ronald De Boer and Tore Andre Flo.
This is the tax bill that had the Sheriff Officers entering Ibrox in August 2011.
The last time that the world-class chaps on the 6th floor at Hampden had looked at this decision they decided that they didn’t have jurisdiction and it should be sent to the Court for Arbitration in Sports (CAS).
Now, I am sure that Mr Maxwell’s apparent change of heart on this matter has nothing to do with the letter the Compliance Officer received on the 29th of May 2019.
You can read it here.
The lawyer is acting for the Resolution 12 requisitioners and a copy of the missive was also sent to Celtic, specifically to the club secretary.
The entire background can be read here.
Mr Maxwell stated to the media that the decision about whether or not to send this matter to CAS will finally be made “in the not too distant future”.
Before the next Celtic AGM would be appreciated, Ian.
There’s a good chap…
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Requisitioners.. loving how much it sounds like the Spanish inquisition.. very Monty python.
No one expects the Celtic Requisition!
There are persons still at Ibrox and Hampden working in our game who were party to the big lie that no taxes were outstanding when Rangers UEFA licence application was waived through by the SFA.
Lets not forget those who have since jumped ship and are equally culpable.
A major fraud has been carried out in broad daylight yet no one has been brought to account, either by the SFA, some hope, or Police Scotland Fraud Squad.
If Maxwell has the bollocks to see this through, resulting in criminal charges being brought against the perpetrators, I will be pleasantly amazed.
Wow.
Almost a year ago it was reported that the SFA JPDT had decided it didn’t have jurisdiction so would refer the case to CAS and now Maxwell says they will decide whether to do so “in the not to distant future”.
Does anyone else think that the SFA are simply stalling the process. 😉
PS In my working days I remember IBM defining the “near distant future” as being up to 2 years!
Interesting that the 5 way agreement notes Sevco 5088 and not Sevco Scotland. How funny would it be if Chuckles Greens switcheroo took away the protection that document allegedly provides…
And remember the previous SFA President, one Campbell Ogilvie?
He of selective memory WRT EBT’s, Hearts shares in wife’s name, etc…
No conflict of interest, or sometimes he chose to ‘recuse himself’ from unknown meetings…
And coincidentally in 2012 Campbell was described as “a lovely guy”, according to the SMSM.
Well, in hindsight Ogilvie was just an amateur.
Slither forward Rod Petrie.
An SFA President who makes Ogilvie look honest, transparent and a paragon of virtue.
And Petrie is here – unopposed – for 4 years, IIRC.
4 years of NO meaningful change or improvement.
4 years of status quo.
4 – more – years of stagnation at the SFA.
Most intake is that the brief refers to Oldco as ‘Rangers (in administration)’.
For didn’t Oldco Rangers exit administration and enter liquidation 7 years ago yesterday, 12.6.2012, and is this possibly the longest ‘administration/liquidation’ process ever known in the recorded history of man?
Any further info on this apparent indiscrepancy would be appreciated.
Is Oldco Rangers in administration or in the winding up process of liquidation?
For I’m sure we all agree that clarity is of utmost importance in murky matters such as these or any other?
oldco is still in the process of a long winding up exercise as there are still outstanding matters.
https://www.bdo.co.uk/en-gb/rfc-2012-plc
Thanks, Berniebhoy.
Here are the highlights re the ongoing secrecy surrounding Murray & the bank’s shenanigans:
‘ the highly sensitive nature of certain aspects of these investigations, we consider that it is not appropriate to provide full details in respect of our investigations to date in this circular. In particular, we are not in a position to comment in detail upon the events leading up to the administration and the conduct of the former Joint Administrators:
The five members of the Committee represent the interests of the general body of creditors, and each has signed a confidentiality undertaking given the sensitive nature of the information to which they have access.
We are unable to provide statement of affairs comparatives as, despite repeated requests, no statement of affairs has been submitted by the directors.
The litigation is ongoing and the Joint Liquidators are not in a position to comment further at this stage.‘
And the curious case of HMRC ‘overstating their (initial) claim’ by some £26 million pounds:
‘‘HMRC also acknowledged that a further small element of their claim had been overstated and it has now submitted a revised claim of £68.3m (ie a reduction of c£26m in total).’
Then there’s the secrecy and complexity surrounding Craig Whyte’s old company, Wavetower, insisting that they hold a floating charge over the Oldco’s assets:
‘In the claim, in the initial sum of £18.3m, Wavetower asserted that it had a floating charge over the Company’s assets. If valid, this claim would rank ahead of unsecured creditors.’
So it appears that Whyte’s old company is waiting for this Floating Charge to become a Fixed Charge so it can then claim ownership over the entire stock pertaining to old Rangers.
.
‘A floating charge is a security interest over a fund of changing assets (e.g. stocks) of a company or other legal person. Unlike a fixed charge, which is created over ascertained and definite property, a floating charge is created over property of an ambulatory and shifting nature. Examples of such property are receivables and stocks.
The floating charge ‘floats’ or ‘hovers’ until the point at which it is converted into a fixed charge. Once it becomes a “fixed charge” the charge attaches to the specific assets of the business.’
Which should make things very interesting indeed prior to Oldco Rangers being finally pronounced as fully liquidated.
UEFA explain that any sanction for having an overdue payable at the monitoring stage would apply in 2012/13 (so no loss to Celtic shareholders in 2011.)
They further offered, unsolicited, but to justify not investigating, that no sanctions could now apply to Rangers FC because UEFA view The Rangers FC/Rangers International FC) and current SFA member, as a new club/company, who were ineligible to apply for a UEFA licence (from 2012 until 2015 when a 3 years’ membership period of the SFA would have been reached) and so who as far as UEFA were concerned could not be sanctioned for behaviour of RFC as TRFC/RIFC are a different football club/company from Rangers Football Club whose name appeared on the last application made by Rangers FC for a UEFA Licence made to SFA in March 2012 which was refused prior to their liquidation in October 2012 and where it is clear under “Timing” that the relevant date for reporting tax overdue under Article 50 of UEFA FFP is 31st March.)
So UEFA view them as a newco ? a different football club/company from Rangers Football Club
https://www.taxjustice.net/wp-content/uploads/2015/10/Web-edition-Doing-SFA-for-Fair-Play-Main-report-updated.pdf
Very interesting reading SFA not fit for purpose
Very interesting indeed although no action, nor reaction, to the Tax Justice Network’s findings has been forthcoming nor acknowledged by either SFA or any other party involved in Scottish football, including both the media and the joke of institution that dares call itself the Scottish ‘government’.
Quite a shame too that the crucially important Annexes detailing each piece of correspondence cannot be accessed and is instead categorised as a Bookmark Error.
Hopefully this issue can be rectified sooner rather than later as the correspondence from Campbell Ogilvie et al should be even more interesting than the report itself.
Still, many thanks for sharing.
All documentation can be read from https//www.res12.uk
This is certainly my understanding of UEFA’s position on all matters concerning RFC past & present i.e. they are different clubs so I have to say that I’m not quite sure why people are pursuing the point since even it UEFA decided to fine RFC £20M it would be a waste of time as they would be fining a club a liquidated club/company. The might slap SFA on the wrist but TBH that would be waste of time as well.
Yes but in doing so it blows the Continuity Myth out of the water and dismisses the Kkklandestine 5 Way Agreement as the pile of shite that it evidently is and was surely?
It’s not about sanctioning any version of ” Rangers” it’s about making the SFA accountable for covering up what took place in March 2011 instead of investigating their own process when Sherriff Officers called to collect overdue tax in Aug 2011 then failing to tell Res12 lawyers from 2015 that the 5 Way Agreement meant they couldn’t investigate.
They are now tied up in knots of their own making and only referring the matter to UEFA as Res12 requested with all information relating to ALL of 2011 not just the monitoring, an attempt to avoid scrutiny of the grant period will untangle the knot.
As we already know Newco/Oldco swap identity’s whenever it suits them.
No matter the status of the club the perpetrators of the UEFA fraudulent licence application must be brought to book and face the serious criminal charges which resulted from their lies and misdeeds.
Lies and misdeeds which our media are well aware of but dare not go near without losing whats left of their readership.
A two minute conversation with HMRC would settle the matter as to outstanding tax liabilities at the appropriate cut off time.
This is Maxwell’s chance to show what he’s made of but the ramifications for the SFA of shining a light on the big lie are too great for them to bare so nothing will be done and the perpetrators will continue to sleep easy in their beds at night.
The charges of non compliance in May 2018 applied only to the monitoring stages as result of SFA withdrawing charges relating to end of March 2011 when licence was granted following discussions in March 2018.
This was questioned by Res12 lawyer as result of the minutes of the meeting of 21st March 2011 being volunteered from a lawful source showing a payable existed as a result of that meeting.
This is crucial as SFA told in a Grant Thornton letter dated 30 March that a potential liability existed. That saved SFA having to decide if the payable that existed at 31 March 2011 was overdue.
To avoid that status 4 conditions had to be met. None were so an overdue payable existed but was not discovered as result of the proof offered which was a false.
Traverso was not aware of this as the grant fell under SFA jurisdiction.
This means the licence was granted on false pretence and some of the officials responsible still hold office at RFC successor club.
The SFA are in danger of covering up a fraud unless the above can be refuted.
This does not affect Traverso’s point that to UEFA TRFC were viewed as a new club now in a club company form as a future applicant for a UEFA licence.
I agree with all of the above but I feel that the ‘bigger’ traversty for the majority of fans is how Doncaster has never been challenged on his unilateral declaration that both RFC’s are ‘the same club’ and that this ‘continuation’ entitles them to be awarded all past trophies…..AND….and I keep repeating this…..WHY have CFC not challenged this? If, as I suspect, no challenge has arisen because it suits CFC ‘financially’ to support the myth of the ‘Old Firm’ then shame on them for betraying their own fans.