The Hearld reports that Livvy have failed to meet payments to HMRC.

Also in March, Nixon's case to recoup the £310K loan is being heard.

Wonder what this means for Mr Rankine's "investment".

http://www.heraldscotland.com/sport/football/livingston-face-points-decuction-following-latest-investigation.25681437

The multi-club ownership case is to go to a third day. November 28th for the latest instalment.

With 3 separate cases against Livingston (3 club issue, hmrc default, Nixon £310k) the immediate future looks bleak.

While I feel sorry for the supporters I have no sympathy for Rankine.

Ironically, if anyone was looking to profit from livingston's vulnerable situation, mcbookie are offering 11/4 on them finishing bottom.

Just a question NC. If Rankine comes out of this with no issues and Livingston survive, would you prefer that to Rankine's investments being hit hard and Livingston don't survive?

You don't get a hearing with the SFA to get a pat on the back .

Crikey, another new guy to AFTN! Where are they all coming from Tam?

Same place as you and Jocky ya tit

http://www.heraldscotland.com/sport/football/rankine-case-adjourned-again.25842899

Rankine case adjourned again

Staff Writer
Tuesday 11 November 2014

The Scottish Football Association's investigation into Livingston has been adjourned until November 28.

The hearing, which centres on allegations that club shareholder Neil Rankine also holds an interest in fellow Championship outfit Dumbarton and League 2 East Fife, reconvened at Hampden on Friday after sitting for the first time on October 22.

The SFA judicial panel finished hearing evidence at the end of last week but did not get the chance to question the Livingston chairman, Gordon McDougall. The West Lothian outfit have been accused of breaching five rules relating to club ownership. Rankine denies having any involvement with Dumbarton and East Fife.

In a separate issue, Livingston fear they will receive a points deduction from the SPFL after defaulting on payments to HMRC.

I wouldn't wish bankruptcy or liquidation on any club (well maybe 1 which has only been in existence for 2 and a half years) but how ironic would it be if Livi went tits up and were replaced by current Lowland league leaders Edinburgh City who play at none other than Meadowbank Stadium.

This 40k we "loaned" Livi...

Did they ever pay it back?

I think repayment was called Bobby Barr

5pt deduction for the HMRC default plus 10k fine.

Ownership case due to conclude Friday.

Livingston: SPFL deducts five points over tax breaches

Championship side Livingston have been deducted five points for breaching Scottish Professional Football League rules relating to non payment of tax.
At a disciplinary hearing, Livingston admitted to failing to advise the SPFL at the time that it had been in default of its tax obligations in relation to bonus payments to players in 2010/11.
This meant that Livingston had been able to register players when it should not have been able to do so.
The club was also fined £10,000.
SPFL chief executive Neil Doncaster said: "The tax default and reporting rules are an integral part of maintaining a fair league competition."
Livingston are bottom of the Championship, with two wins and three draws from 14 games.
The loss of five points with immediate effect leaves the West Lothian side on four points, seven adrift of second-bottom Cowdenbeath.
Livingston chairman Gordon McDougall told BBC Scotland: "The club are working with their accountants and HMRC to establish exactly how much tax is due to be paid.
"This matter was the subject of a voluntary declaration by the club. We will be making no further comment on the situation."
The club has been banned from registering players since the start of the season after it volunteered evidence of undeclared bonus payments.
Livingston changed their name from Meadowbank Thistle when they moved to West Lothian in 1995.
They won a place in the Uefa Cup only seven years after starting out in the Third Division but have had two spells in administration, between 2004 and 2005 and in 2009.

Regarding the Livingston dual-interest charges with both Dumbarton and East Fife, the SFA have apparently decide not to proceed with the charges regarding Dumbarton.

http://www.edinburghnews.scotsman.com/sport/football/livingston/livingston-asked-for-more-neil-rankine-evidence-1-3619757

Club chairman Gordon McDougall told the Evening News: “It’s maybe a tad optimistic to expect to get away with the lot ..."

Er, is that a guilty plea then?

I hope they lose to Alloa in Petrofac Training Cup regarding Mr Rankine involvement with the club. Alloa deserve to win the cup and should be after beating rangers to get to the final.

"When the principal owner of the company [by his own admission] is paying himself significant six-figure sums, ..." - Nixon quoted by Edinburgh Evening News

http://www.edinburghnews.scotsman.com/sport/football/livingston/ex-livi-chief-nixon-speaks-out-about-court-case-1-3630471


I wonder if this was some sort of payment for consultancy.

Rankine has previously stated on how he has advised the East Fife board on matters - appointing Gary Bolan for example. I wonder if the accounts show any payments for such advice?