Tag Archives: MCR

Mark Daly Reveals Rangers’ “Smoking Gun” – Craig Whyte Taped David Grier of Duff & Phelps

Mark Daly of BBC Scotland has produced another chapter in his revelations regarding the events surrounding the administration of Rangers Football Club PLC. Following his two previous programmes, and his Scottish BAFTA nomination, he was on Reporting Scotland tonight.

The details can be read on the BBC website here.

The story tonight was based upon recordings made by Craig Whyte in a meeting with David Grier of Duff & Phelps. If Mr Whyte has been regularly taping meetings and calls in this process, one wonders if there might be people, in addition to Mr Grier, who are rather worried tonight.

Mr Daly’s previous programme in May prompted the issue of a statement by Duff & Phelps. The article, which was on the official Rangers website here – http://www.rangers.co.uk/news/football-news/article/2786614 – is no longer there.

However, I have a copy of it and the relevant extracts are below. You can read the full statement, and my comments on it here – https://scotslawthoughts.wordpress.com/2012/05/26/some-questions-for-david-grier-and-the-administrators-of-rangers/

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David Grier, who was the engagement partner at MCR, said: “I categorically deny that at the time of the Craig Whyte takeover of Rangers, I had any knowledge that funds from Ticketus were being used to acquire the Club. This accusation is wrong, highly defamatory and betrays a lack of understanding of the facts. Continue reading

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Filed under Contempt of Court, Courts, Craig Whyte's Companies, Rangers, Ticketus

£94,426,217.22 or 0.84% of HMRC Bad Debt

Duff & Phelps have produced their final report into the administration of Rangers. One headline leapt out of the coverage, which was included in the Report in a paragraph of masterful understatement as follows:-

“The Joint Administrators have continued to review the claims made by HMRC in the administration. The claims are largely made up of determinations issued by HMRC in accordance with Regulation 80, penalties and outstanding PAYE/NIC. The Joint Administrators have adjudicated on these claims and confirmed to HMRC that for voting purposes, their claim will be admitted for voting purposes at £94,426,217.22.”

I will repeat that figure – £94,426,217.22.

Once again – NINETY FOUR MILLION, FOUR HUNDRED AND TWENTY SIX THOUSAND, TWO HUNDRED AND SEVENTEEN POUNDS TWENTY TWO PENCE.

Wow! Continue reading

187 Comments

Filed under Administration, HMRC v Rangers, Rangers