Battle For Rangers’ Soul Begins


The facts behind today’s Daily Record story will come as no surprise to the readers of this blog. It will come as even less of a surprise to the blog participants whose sterling work uncovered the Companies House filings and refined the analysis on which today’s story is based. In the local vernacular, “chapeaux” to all concerned, but especially to: Don Dionisio; JohnBhoy; PaulieWalnuts; Onandonandon; and so many others. (I feel like an Oscar winner who has left out the names of several key people in an acceptance speech. Forgive me for the many omissions, but we will find a way to recognise other outstanding contributors in another post).

Many will still be trying to figure out what is going on at the Daily Record let alone Rangers. After years of sycophancy, it seems a remarkable turn of events to see Keith Jackson and James Traynor bite the hand that once fed so much. The motivations behind this sudden turn of events piqued my curiosity. After a few calls to some well placed sources, the pieces of the jigsaw started to fall into place.

This morning’s Daily Record story represents the opening artillery barrage in the Battle for Rangers’ Soul. As we have been hinting at in recent weeks, there was never a guarantee that Craig Whyte would have the field unopposed to rebuild Rangers. Following receivership (which in this case would mean certain liquidation), Craig Whyte’s newco-Rangers would have no more legal claim to be the successor to the club formed in 1872 than if I formed one. It is with this in mind that Rangerstaxcase.com can ‘exclusively reveal‘ (sarcasm intended) that current and former Rangers directors, Dave King and Paul Murray, are planning to force Craig Whyte out of the picture. By exposing Whyte’s reckless financial strategy, they hope drive a wedge between Whyte and the club’s supporters.

With bankruptcy in some form now looking inevitable, the path will be open for King and Murray to claim the mantle of legitimacy as the inheritors of Rangers’ traditions and fan base. A season ticket renewal boycott will likely play a role in forcing Whyte from the field of play as will continued revelations and insinuations of incompetence and unfitness to be Rangers’ custodian.

King faces hurdles related to his public involvement in this plan. His current directorship is a legacy of his financial investment made before his own tax troubles in South Africa exploded. As a direct result of this dispute, he is subject to court orders in Scotland and England preventing him from buying or selling any assets. The court orders also prohibit anyone from buying or selling assets on his behalf. However, it is widely believed that he has accumulated substantial personal wealth offshore and would have the means to support a relaunched club if legal obstacles could be overcome.

Unimpeded by any such restrictions, Paul Murray is not believed to have the personal wealth required to launch Rangers on his own. Therefore, the alliance with Dave King is a natural one. However, if King cannot resolve his issues with the South African tax authorities (SARS) soon, suspicion may fall once more over any relaunch of the famous Glasgow team. After a decade in which playing in the shadows of the law has brought Rangers to the brink of disaster, any newco that is not seen to be above reproach in terms of its sources of funding would continue to fuel the curiosity of bloggers and investigators.

However, with the backing of the Scottish media, King and Murray can expect an easy ride. The Daily Record has clearly made a decision as to where its own economic interests lie. If Whyte is not going to be able to supply enough positive transfer stories to boost circulation, then regime change will get their unquestioning support.

Those who might have hoped that today’s Daily Record might have signaled a new period of responsible and open journalism in Scotland will be disappointed. It is more simply put that Traynor and Jackson are just backing a different horse.

About rangerstaxcase
I have information on Rangers' tax case, and I will use this blog to provide the details of what Rangers FC have done, why it was illegal, and what the implications are for one of the largest football clubs in Britain.

2,532 Responses to Battle For Rangers’ Soul Begins

  1. gunnerb says:

    Lord Wobbly says:
    05/02/2012 at 10:44 pm

    gunnerb says:
    05/02/2012 at 10:33 pm
    Watching a classic movie just now and the relevance ? Hardy
    Kruger, Jimmy Stewart , Dickie luvvie, ..(.CW, A’McC, GS)
    ~~~~~~~~~~~~~~~~
    That was the same plane. A stripped down shadow of itself but the same plane nonetheless. Can’t we have them buildind a new plane from palm trees or something?

    ————————————————————————————–
    Quite so….the bloody thing gets airborne in the movie…but that’s just make believe nonsense, to entertain the viewer.

  2. bobbyevans says:

    Re the ‘extra pressure’ on Celtic/NL re possible treble due to RFC situation.
    This is pure ‘tosh’ – and media driven as it implies stress and worry. I believe nothing could be further from the truth in a Celtic set up which has collectively grown in confidence as time goes by. NL must be doing cartwheels at such a possibility.

    MSM will do all it can to detract from Celtic’s strong position, but may be distracted from doing so as they start infighting about the blame game (remember they are now, and probably have been from the start, avid followers of RTC (in spite of ‘protestations’ to the contrary) regarding whom they support in RFC demise.

    Willl we see a SM type back page (broken crest, hearst) similar to that which Celtic fans had to endure in 1994? I don’t think so!

    Miss Rangers my ****!

  3. gunnerb says:

    corsica says:
    05/02/2012 at 10:45 pm

    gunnerb says:

    05/02/2012 at 10:15 pm
    ___________________________

    LoL thanks Corsica, I profiited this time but will be wary in future. Ajaccio sounds like my kind of town.

  4. Wuggy says:

    paulmac says:
    05/02/2012 at 10:45 pm
    Hugh Keevins said Neil Doncaster had outlined the exact senario for RFC getting back into league, this infers that discussions have taken place with enough members of SPL to carry a positive vote. He was quite specific that he was talking about Newco and even said that a points penalty would be served over a 3 yr period, caller even said how could a newco be punished and Keevins said they would be made to accept this prior to re admission.

  5. StevieBC says:

    paulmac says: 05/02/2012 at 10:45 pm

    Wuggy says: 05/02/2012 at 10:31 pm

    Are the SPL engaged in a criminal conspiracy?

    On SSB programme the other night Hugh Keevins stated that he had been informed by Neil Doncaster that discussions had taken place and that in the event of RFC going into Liquidation then SPL would ask for Newco to reapply to join the league and exsisting members would vote on whether to allow them back in. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did he say who were involved in those discussions?

    Rangers and the SPL?

    Within the SPL only?

    Between all share holders of the SPL?

    The answer to that would be revealing!
    =================================

    I listened to SSB that night. IIRC, HK was getting caught out by an informed caller.
    HK blurted out “he had spoken to the SPL”.
    My immediate reaction was that he was talking absolute mince, and was trying to gain the upper hand on the caller – who was having none of it!

    The SPL conversation took place only in HK’s head.😉

  6. Wuggy says:

    StevieBC says:
    05/02/2012 at 10:56 pm

    He mentioned Neil Doncaster by name, he was getting annoyed at caller who wasn’t just accepting his position but he was emphatic about speaking to Neil Doncaster. If he said a source within SPL then yes I would say mince but he was adamant who he had spoke to and we have had no denial from SPL.

  7. stunney says:

    As a name for a Newco… how about calling it “John Greig’s Rangers”?

  8. Reggie Blinker says:

    Tomorrows looking promising only rumours but ‘the word’ is admin papers ready :) the end is nigh!!!!!!

  9. Bawsman says:

    celticrumours Celtic Underground
    Rumours in Edinburgh legal circles that administration documents have been drawn up.

  10. Bawsman says:

    Delegates from the Rangers Supporters Assembly met Chairman Craig Whyte today, 5th February following recent media coverage of the clubs financial position.

    The supporters representatives were mandated to confirm when the Club’s full financial statements will be available to shareholders and fans alike.

    The Chairman confirmed a meeting will take place with the auditors Grant Thornton tomorrow, Monday 6th February and has agreed to provide details and the timetable for publication following the meeting.

    The Club must provide signed accounts by 31st March 2012 to meet SPL and UEFA deadlines

  11. corsica says:

    gunnerb says:

    05/02/2012 at 10:53 pm

    corsica says:
    05/02/2012 at 10:45 pm

    gunnerb says:

    05/02/2012 at 10:15 pm
    ___________________________

    LoL thanks Corsica, I profiited this time but will be wary in future. Ajaccio sounds like my kind of town.
    ********************
    It does have a bit of a wild west feel to it:)

  12. StevieBC says:

    Wuggy says: 05/02/2012 at 11:00 pm

    StevieBC says: 05/02/2012 at 10:56 pm

    He mentioned Neil Doncaster by name, he was getting annoyed at caller who wasn’t just accepting his position but he was emphatic about speaking to Neil Doncaster. If he said a source within SPL then yes I would say mince but he was adamant who he had spoke to and we have had no denial from SPL.
    ============================
    I find it hard to believe that the SPL would talk to HK – but I do take your point that if HK quoted Doncaster by name, then that would suggest an ‘on the record’ discussion.

    Yet nothing else has been mentioned about this conversation by HK, as far as I can tell.

    If the SPL is in fact secretly briefing the MSM, then combined with Regan’s Tweets last night, it would seem like a done deal for RFC/newco? 😦

  13. stunney says:

    “The Chairman confirmed a meeting will take place with the auditors Grant Thornton tomorrow, Monday 6th February and has agreed to provide details and the timetable for publication following the meeting.”

    I assume that means CW is meeting GT tomorrow, and CW agrees to let the RSA have those details after he’s met with GT.

    What is the probability that CW will “inform” the RSA that he hopes to have the accounts audited and signed off by the end of March?

  14. Interested American says:

    StevieBC says:
    05/02/2012 at 11:18 pm

    I find it hard to believe that the SPL would talk to HK – but I do take your point that if HK quoted Doncaster by name, then that would suggest an ‘on the record’ discussion.

    Yet nothing else has been mentioned about this conversation by HK, as far as I can tell.

    If the SPL is in fact secretly briefing the MSM, then combined with Regan’s Tweets last night, it would seem like a done deal for RFC/newco?😦

    =====================================

    With this much time to go before the next season, I’d expect there to be a lot of legal challenges to Rangers just being folded right back in.

  15. Beerbelly says:

    It was inevitable that many twists and turns would take place just before, during and after the FTT(T) result. What I find to be gratifying is that the 3 main protagonists are all receiving their fair share of attention and criticism i.e. SDM, TGEF and the MSM. None of them are, so far, managing to escape from the glare, despite their best attempts to do so or to deflect blame.

    We don’t know how this story will end, but I guess that it will surprise us all along the way as true motives and colours are shown (or exposed).

    We need to be ready to question the motives behind every new article on TGEF, SDM or RFC; expose the lies when TGEF opens his mouth, and ensure SDM is not forgotten!

    As for the SFA & SPL, anything less than appropriate punishment for any proven crime should result in heads rolling, no bias or favouritism is acceptable.

    Now I wonder if Jack Irvine is still being paid by the MBB?

  16. Hugh McEwan says:

    Bawsman says:
    05/02/2012 at 11:08 pm

    celticrumours Celtic Underground
    Rumours in Edinburgh legal circles that administration documents have been drawn up.

    ==========================

    I had assumed they were in Mr Whyte’s briefcase for some time, just waiting to be lodged.

  17. campsiejoe says:

    Couple of things from today

    Whyte may well meet GT, but the statement following the meeting, will be along the lines of

    “Grant Thornton have confirmed that they cannot sign off the accounts until the FTT delivers its judgement”

    Whyte may well have a plan for all eventualities, and he can’t reveal them, because if he does, all of RFC’s creditor’s will immediately go for winding up

    Given what has happened today, I really can see no reason why he should delay in pulling the plug
    The loyal bears appear to be on his side, and see Murray as the devil incarnate
    So what is stopping him ?

    Finally I would just like to echo RTC’s call to stay on topic
    Sure, we all like a little bit of fun, and one-upmanship, but I think some of the comments are sailing close to the wind
    This blog is at its best, when posters from all sides make their contributions without fear of ridicule

  18. timtim says:

    He agreed to provide details and the timetable for publication following the meeting
    that does not mean he will show any figs
    It allows him to waffle and kick the can down the road before showing anything factual

    ie: The meeting with our auditors went as well as can be expected under the present circumstances,we continue to await judgement from the FTT before the auditors can
    sign off the accts this is to provide as accurate a picture as possible which is no less than our
    tremendous fans deserve. When the decision is known then the accts can be adjusted properly to take all factors into account. I am assured by our auditors this should “normally” take less than 28 “working” days , I will then be able to call an AGM and as would be right and fitting
    that is when the findings shall be made known .As I have already mentioned this will take (another) 28 “working” days .

  19. is nibs says:

    StevieBC/Wuggy

    HK was making it up as he went along.

  20. Insomniac says:

    Has the name James Richardson cropped up on anybody’s radar?

  21. OnandOnandOnand says:

    An alternative version of tomorrow’s meeting.

    Mr Thornton phones up Mr Whyte on Friday after the week from hell and the Ticketus affair. “Look”, says Mr Thornton, “we are an international firm of auditors with a reputation to protect. You’re making us look like a bunch of fuds. Nothing to do with us that the accounts aren’t out. Get yer ass in here first thing Monday morning”

  22. Wuggy says:

    is nibs says:
    05/02/2012 at 11:37 pm
    StevieBC/Wuggy

    HK was making it up as he went along.
    ==================================================================

    Listen to it again, he mentions Neil Doncaster, that wasn’t an accident.

    My main point though, could this be reguarded as a criminal act? How would crediters react if they were aware that SPL/SFA/SFL had already decided that RFC would have to be Liquidated rather than trade through administration.

  23. corsica says:

    I don’t think there was a plan but I think there is a plan now; too many coincidences!

    I’m going to go with administration either late tomorrow or Tuesday and I’ll wager that tomorrow’s meeting with Grant Thornton will be the excuse (although I stick with my earlier assertion that GT had given their opinion in December); GT cannot sign off accounts due to historic debts and uncertainty over BTC, at risk of trading insolvently, done best to cut costs, etc but best to clear up now and try to rescue/rebuild.

  24. corsica says:

    Insomniac says:

    05/02/2012 at 11:46 pm

    Has the name James Richardson cropped up on anybody’s radar?
    ****************
    I know a couple in the City but not with CW connections as far as I know – what have you in mind?

  25. Kiwibhoy says:

    Regarding Keevins argument that the newco shod go straight into the spl.
    He mentions the newco will have a points deduction for 3 seasons and would need to invest in new players and a stadium.
    So they will end up back in debt just to catch up.

    My point is this:
    If newco get relegated what happens then?
    Do they prevent this from happening as they did to get them into the spl again?
    Also the stated he did notake this up but was a directive from the spl rules.

    Can anyone clarify that this is infact the case as I think I smell shite!

  26. Insomniac says:

    corsica says:
    05/02/2012 at 11:53 pm

    Thomas and Edna, not Craig, corsica.
    City Hire Centres Ltd in Aberdeen for all your gold mining supplies.

  27. Barcabhoy says:

    Ajaccio….

    Brings back memories. Cala di Volpe to Ajaccio for lunch was a great trip. 90 minute blast in the CDV’ 50 ft Sunseeker.

    Corsican drivers also the craziest I have ever encountered anywhere. The notion of staying on your own side of the road on a blind bend was a complete stranger to most

    France’s Sicily as best as I can remember, but well worth a visit

  28. corsica says:

    Insomniac on 06/02/2012 at 5:30 am said:
    corsica says:
    05/02/2012 at 11:53 pm

    Thomas and Edna, not Craig, corsica.
    City Hire Centres Ltd in Aberdeen for all your gold mining supplies.

    **********
    There you have me, I’m afraid.

    Funnily enough one of my JRs is a corruption specialist!

  29. corsica says:

    Insomniac on 06/02/2012 at 5:30 am said:
    corsica says:
    05/02/2012 at 11:53 pm
    Thomas and Edna, not Craig, corsica.
    City Hire Centres Ltd in Aberdeen for all your gold mining supplies.
    **********
    There you have me, I’m afraid.

    Funnily enough, one of my JRs is a corruption specialist!

  30. Barcabhoy says:

    New article posted

  31. corsica says:

    Barcabhoy on 06/02/2012 at 7:57 am said:
    Ajaccio….

    Brings back memories. Cala di Volpe to Ajaccio for lunch was a great trip. 90 minute blast in the CDV’ 50 ft Sunseeker.

    Corsican drivers also the craziest I have ever encountered anywhere. The notion of staying on your own side of the road on a blind bend was a complete stranger to most

    France’s Sicily as best as I can remember, but well worth a visit
    ***********
    Indeed, and yet I cannot recall ever having seen a car crash unless it was tourists. You are right, it is well worth a visit (just not too many, we don’t want it developed into another Ibiza).

    Has the blog gone all funny? It seemed to go off last night about midnight (UK time).

  32. Mirth Making says:

    I must admit that i do not have a vast knowledge of the financial shenanigans which surround the plight of the second best supported club in Scotland.
    It seems that someone is being economical with the truth.I do not know who, but it’s time for the whole sorry financial mess to be brought into the open.
    Fans of the second best supported club in Scotland deserve to know what is happening with their club’s finances
    As an afterthought it seems that Sir David Murray seems to have escaped any serious scrutiny from his friends in the Scottish media.
    It’s amazing what slap up meals and wedding invitations can do to an honest journalist

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