HMRC have a policy of opposing any Football CVA, in protest against the "Football Creditors Rule" that they oppose. It's a standard understood response, and for the value we are talking about here would have been sorted with payment in full on agreement of the other creditors after they have the opportunity to sign of to their own satisfaction and agenda. In the case of Rangers though, there was a massive number involved and there have been shenanigans in the payment avoidance, so they got spanked. It wasn't a material issue for us.
No they were irrelevant. If ACL had signed then that's over 75% and that's it. As for the crap that the revenue must know something they don't. They have a duty to reject these deals unlike local government.
Might be me being naive, but how did HMRC get a vote when Fisher has said all along that this is different to most Football Administrations as HMRC are being paid on time and in full?
Might be me being naive, but how did HMRC get a vote when Fisher has said all along that this is different to most Football Administrations as HMRC are being paid on time and in full?