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Even the article states this case is against the company that was liquidated in 2012. I cannot see how that is up for debate!!! Seems the reason why HMRC is still pursuing this is that they fear the first case caused a precedent that could open the door for other companies to do this and they want to win it to remove the option completely. In reality, even if they win this case they won't technically get anything from the company but they will set a legal precedent to stop others doing this and to possibly go after those individuals who benefitted from it.
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09-07-2015, 13:02
(This post was last modified: 09-07-2015, 13:03 by TheWorthinGer.)
Let's try and keep this factual shall we - regardless of what the article says.
The company that used to own and operate Rangers FC has not been liquidated: it was placed in liquidation. There's an important difference. The company continues to be run - by BDO - to the benefit of its creditors: over 24 million from Collyer Bristow for instance to be shared amongst them.
The company can't be liquidated - that is cease to exist - until the tax case has been settled once and for all because HMRC are claiming such a huge percentage of outstanding debt because of it.
You could, if you wanted, pay off all af the debts and continue to run that company - altbough it did sell off its main business years ago.
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It is because of the sloppy language used by most journalists : 'liquidated' ... and/or ... 'wound-up' ... that I keep having to remind folks that the Oldco has NOT been liquidated or wound-up.
As Worthing has said, the Oldco is 'in liquidation' and depending on the outcome of the HMRC and Collyer Bristow Cases, it may not need to be liqudated or wound-up at all.
Time wil tell, but for now, matters are ongoing.
AVFC RFC SAFC
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Quite simple, Larry:
"Who are you?"
"Not telling."
"Your shares are suspended until you 'fess up."
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Bring Charlie back out in the open???
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Whoever they are, they stand to lose money.
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Only if they don't divulge
