Tuesday, 14 February 2012
For Queen and Country
In my last post I broached the subject of football club, Heart of Midlothian (HMFC), and their pressing tax problems, wondering out loud if perhaps they were bankrupt. I was wrong, they settled their account.
Today though, on heart festooned Valentine's Day, we read of another Scottish "Protestant" football club and their financial woes; giant Glasgow Rangers are alleged to owe Her Majesty's Revenue and Customs (HMRC) some 49 million pounds, their new owner, Craig Whyte, applying to the Court for "administration" yesterday. Today however, HMRC, attempted to appoint their own administrator to "wind down" Rangers, the club was given until 3.30pm to arrange their own facilitators which they duly did, New York headquartered Duff and Phelps.
No worries though, because it is likely that Rangers will survive and what is known, legally, as a "phoenix company" will arise from the debt-ridden ashes; a new streamlined, financially efficient entity, fresh for the 21st century.
Watch the forthcoming parallels in respect of Prince William as he rises with a dynamic new Monarchical arrangement from the ashes of the debt-ridden globe. AKA the New World Order. Meanwhile, from the BBC we read of the alleged battle between Sweden and Scotland as they vie for Richard Branson's Virgin Galactic contract, surely a stepping stone towards future space colonisation.
bottom image - Mr. Whyte