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Billy Dodds nails Rangers on tax

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Billy Dodds, who was named by the BBC as a beneficiary of Rangers Employee Benefit Trust, wrote in today’s Sunday Herald on the subject.  He alleges Rangers paid him money, which should have been taxed as income, through an EBT.

Dodds wrote, “David Murray came to me and asked if I would receive a payment that was due to me, after tax, through the EBT trust.   And I said that I would.   It was money that was owing to me when I had six months left on my contract and I moved to Dundee United. After the tax was deducted, that money was put in the trust fund.”

What happened to the “tax… deducted” is the crucial question.  Dodds is clear.  This was money due to him through his contract of employment which should have been taxed.  The seriousness of the allegations against Rangers just cranked up a notch – and from a surprising source.

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  1. Margaret McGill on

    philvisreturns on 27 May, 2012 at 16:43 said:

     

     

    Yes its crap. Still. Better than Thatcherism. Anyway..what Rupert wants rupert gets.

  2. Auld Neil Lennon heid on 27 May, 2012 at 14:18 said:

     

    Its a cool mobile btw. :)

     

    —————-

     

    ANLH.can you clarify on your cool mobile;

     

     

    At the previous meeting of the SPL clubs, arranged to agree if further penalties etc should be included within the rules; due to whatever reasons, no decisions were agreed upon & it was confirmed that the meeting would be reconcevened (rescheduled) on 30th May. In the event of legislating for any NewClub etc the rules as they stand would be applied……..these effectively are zilch, zero, nada…

     

    At the time, this was made clear by Mr whitzizname……as though he was telling them to “get the finger oot” and beat the 30th May date…..

     

     

    My question……..is this scenario still a possibility?

     

     

    Paddy T

  3. 67Heaven ... I am Neil Lennon..!!..Truth and Justice will always prevail on

    •-:¦:-•** -:¦:- SparkleGhirl :¦:-.•**• -:¦:-• on 27 May, 2012 at 14:42 said:

     

     

    Just listened to that BBC Sportsound ………. They’re ‘gubbed’ …… And Wee Chic is either very naive, or he thinks he can influence opinion to move in the direction of sympathy for the orcs………OR ………. As I have previously intimated ad nauseum he is KING FUD …… And thank you for posting this …. very interesting …..!!!!

  4. RaRaRasputin @ 16:09,

     

     

    Indeed, I think that’s his point, Re: Lumping EBTs together.

     

     

    Although we know some like CO have described the payments as loans and some players have got side letters and documentation absolving them from future claims for repayment of EBT loans and Tax, Billy is stating he had none of this.

     

     

    Presumably Mr Dodds is stating when he was at R@ngers and AMcL wanted to do a swap deal with DU for Steven Thompson.

     

     

    There was six months left on his contract so he was due circa 300K minus NI&PAYE, R@ngers said they would pay him from the trust circa 170K and he agreed.

     

     

    If he has no guarantees and thinks it wasn’t a loan he could have certain liabilities.

     

     

    If HMRC wasn’t paid and the EBT is deemed to be illegal Hector could potentially come after him.

     

     

    If it was (unknown to him) a loan and the trustees are required to recover these funds by R@ngers creditors etc the Trustees could come after him.

     

     

    It could be Billy and others unwisely trusted the R@ngers’ Board unlike their smarter continental colleagues and have less recourse, if he didn’t take legal advice at the time of the payment I’m sure he is now.

  5. I was having a wee think about players who have served us well and came across this story –

     

    Lambo at Dortmund

     

    It was written in 2010 but goes to show you what a good player he was for us and Dortmund.

     

    HH

  6. 67Heaven … I am Neil Lennon..!!..Truth and Justice will always prevail

     

     

    Chic keeps spouting about not signing players pre Whyte and getting the debt down. He fails to mention that 8 of the starting 11 at Rugby Pk when they won the league were signed during the Myth’s second spell.

  7. Gene's a Bhoys name on

    67Heaven

     

    I can only think Moonbeams Murray has some compromising photo’s of old Chick – either that or he is scared sxxtless of the hun hoarde

  8. •-:¦:-•** -:¦:- SparkleGhirl :¦:-.•**• -:¦:-• on

    Chairbhoy on 27 May, 2012 at 17:13 said:

     

     

    If it was (unknown to him) a loan and the trustees are required to recover these funds by R@ngers creditors etc the Trustees could come after him.

     

     

     

    Whoa!!! is this a realistic scenario? Could the creditors demand the loans are called in? Could the administrators be forced to call them in? Holy Moly what a mess that would make……

  9. Gene's a Bhoys name on

    Roy croppie – I noticed that but worse was that 3 other sports journalists ? – failed to correct his deliberate error

  10. Gene’s a Bhoys name

     

     

    he keeps peddling it as if it’s fact, a disgrace of a ‘journalist’. He seems untouchable at the BBC although Spencey likes to mix it with him.

  11. The Trust cranks it up a notch.

     

     

    Sunday 27th May, 2012 by

     

    Celtic Trust

     

    Call to SFA for information

     

    The following letter has today been sent

     

    to Stewart Regan, the Chief Executive of

     

    the Scottish Football Association. It

     

    comes in response to growing concern

     

    regarding the silence from the SFA in

     

    relation to these matters. The Celtic

     

    Trust will make any reply known to our

     

    members and to the wider Celtic

     

    support.

     

    Stewart Regan

     

    Chief Executive

     

    Scottish Football Association

     

    27 May 2012

     

    Dear Mr Regan

     

    You may be aware that the Celtic

     

    Supporter Trust had a meeting with Neil

     

    Doncaster and Iain Blair of the SPL on

     

    Tuesday 8th May. A note of that meeting,

     

    subsequently amended after a

     

    clarificatory phone call from Mr

     

    Doncaster can be found at:

     

    http://www.celtictrust.net/index.php?

     

    func=d_home_article&id=370

     

    During the course of that conversation

     

    the issue of Membership of the SFA

     

    arose and, as I understand from Messrs

     

    Doncaster and Blair, membership of the

     

    SPL required membership of the SFA. I

     

    see from Article 6.2 of the SFA Articles

     

    that a club is automatically registered as

     

    an SFA member by dint of SPL

     

    Membership being granted. However, I

     

    am unclear as to whether ‘membership’

     

    of the SFA is synonymous with holding

     

    a licence from the SFA.

     

    I then noted that the SPL Articles were

     

    themselves subject to SFA articles

     

    according to:

     

    96. Nothing in these (SPL) Articles shall

     

    relieve any Member of the Company

     

    from its obligations as a full member

     

    club of the SFA to comply with the

     

    applicable articles of association of the

     

    SFA for so long as it remains a

     

    member of the SFA. Each Member

     

    shall (in so far as it is lawfully able

     

    and permitted by the exercise of its

     

    voting powers to do so) procure that

     

    the Company observes and complies

     

    with all relevant articles of association

     

    of the SFA applicable to it.”

     

    This suggests to me that SPL clubs are

     

    ultimately governed by the rules of the

     

    SFA and (as an aside) I note the

     

    following in the SFA Memorandum and

     

    Articles:

     

    Article 5.1 Obligations and Duties of

     

    Members which, under Article 4.3

     

    applies to the SPL as well as its

     

    member clubs, states that

     

    5.1 All members shall observe the

     

    principles of loyalty, integrity and

     

    sportsmanship in accordance with the

     

    rules of fair play”

     

    the pursuit of which was the purpose of

     

    the CST meeting with Mr Doncaster.

     

    As a result of the foregoing on

     

    Membership I am writing to seek

     

    clarification on the application of the

     

    SFA Club Licensing [1] process that SPL

     

    clubs are subjected to annually and how

     

    this process would apply to a Newco

     

    granted Membership to the SPL.

     

    The information on the SFA web site

     

    introduction, and in the actual licensing

     

    documentation, states that SPL clubs are

     

    subject to the UEFA FFP Rules/criteria

     

    and SFL clubs are subject to National

     

    Club Licensing.

     

    Can you confirm that in the event of a

     

    Newco being granted SPL Membership

     

    and so SFA Membership:

     

    1. That a Newco will be subject to the SFA

     

    Club Licensing Process?

     

    2. If so and because the UEFA FFP rules

     

    apply, can you confirm that under UEFA

     

    rules the licence is not transferable and

     

    so a new license for a Newco would be

     

    required?

     

    3. Under what circumstances a club

     

    license could be granted as a Newco

     

    would fail the requirement to supply

     

    accounts for the past three years, the

     

    same provision that would exclude a

     

    Newco being able to qualify for a license

     

    to play in UEFA competitions? (leaving

     

    aside other reason why Rangers

     

    themselves would not qualify)

     

    4. Would a case for an exception be made

     

    to UEFA as provided for by Annex 1 of

     

    UEFA FFP?

     

    5. Would the SFA make the exception case

     

    and on what basis?

     

    6. If UEFA FFP does not apply, does

     

    National Club licensing apply and under

     

    what circumstances would a license be

     

    granted to a Newco given that the

     

    National Club license criteria on

     

    accounting carries a similar provision to

     

    UEFA FFP in terms of requiring three

     

    years accounts to be supplied as an

     

    entry level requirement. (National Club

     

    Licensing 8.1.1 and 8.1.2 refers)

     

    7. Is there another process for licensing a

     

    Newco that might be used to grant a

     

    license?

     

    8. If a license were not granted

     

    exceptionally or otherwise by the SFA,

     

    would a Newco be able to play in the

     

    SPL?

     

    9. Would the SPL, as suggested in Article

     

    96 referred be bound by SFA rules or

     

    could they ignore the licensing

     

    requirement and allow a club to play in

     

    the SPL unlicensed?

     

    I would be grateful if you could answer

     

    my questions in order to help shed some

     

    light on behalf of the members of the

     

    Celtic Trust in particular, but also

     

    Scottish football supporters in general,

     

    on the way football is governed in

     

    Scotland to ensure that integrity,

     

    sportsmanship and probity take

     

    paramount place.

     

    Yours sincerely

     

    Jeanette Findlay

     

    Chair, Celtic Trust

     

    [1] Club License means the license

     

    secured and maintained by the clubs in

     

    membership of the Scottish FA, an

     

    affiliated Association, or an Affiliated

     

    National Association on compliance

     

    with the Club Licensing Procedures.

  12. 67Heaven ... I am Neil Lennon..!!..Truth and Justice will always prevail on

    Roy Croppie ….17.15

     

     

    I noticed that little omission also, and said to the radio…” of course they did, you little shoite”

     

     

    Gene’s a Bhoys name on 27 May, 2012 at 17:18 said:

     

     

    LOL ….. He and DODDS will both be in the same (sinking) boat of fear and dread then…. !!!!

  13. •-:¦:-•** -:¦:- SparkleGhirl :¦:-.•**• -:¦:-• on 27 May, 2012 at 17:19 said:

     

    Chairbhoy on 27 May, 2012 at 17:13 said:

     

     

    ”Whoa!!! is this a realistic scenario? Could the creditors demand the loans are called in? Could the administrators be forced to call them in?”

     

     

     

    Very unlikely. Once the money was transferred to the trustees it’s beyond the reach of creditors.

     

     

    The only way I could see it happening is if it’s proved that the whole purpose of the trust was fraudulent, then it might be regarded as void from the start. I doubt that’s going to happen though.

  14. SparkleGhirl @ 17:19,

     

     

    Well the wiser amongst us will more aware of the chances than I but it is a possibility.

     

     

    Now it could be remote but the fact is he and maybe others are in a vulnerable situation.

     

     

    As B-W stated this (EBT) bus was driven recklessly, the normal safeguards for the recipients may not be in place and unless they, their agents or solicitors received the necessary guarantees, who knows what the Courts will decide?

     

     

    I beleive this is why BD is so uncomfortable and suggesting there are victims as well as beneficiaries of RFC’s EBT.

  15. Paddy Gallagher on

    So Terry Butcher is no longer the Grand Master of the Rangers own goal, take a bow Billy Dodds.

  16. from a Celtic point of view, i was gonna say that i was delighted but then i had a re-think…

     

     

    i was instead somewhat disappointed to see my “home” nation get horsed 5-1 by the USA

     

    the reason i say this is because in all honesty it is indeed sad that the division and masonic hunguffery that has gone on for so many years is the cause of such rank performances

     

    more honesty, transparency, fairness and unity would help create a team worthy of the name

     

    but no !

     

    instead, we have clowns on a jolly !

     

    now lets think about that for a minute

     

    the EBTs

     

    we look back in time to see the mess they cause

     

    but the SFA jollys !

     

    lets look at them – see how many George Peat, Ernie Walker and Campbell Ogilvies have sapped the financial lifeblood of our game over the time – a jolly here, a wee field trip there and sure enough, 200k, 300k that could have been spent more wisely, toward more of a game-centred use, a coach or two, a 4G-surface or two, a reduced ticket-price or two

     

     

    if we looked back well enough, we’d surely unearth a wopping saving, no question, probably way more than 300k

     

    how many folk went to Florida this weekend ?

     

    how many needed to ?

     

    not a cancellation in sight !

     

    and for what ?

     

    to mock me and you, that’s what !

     

     

    people don’t really care !

     

    i know

     

    if we did, we’d be marchin or indeed doin somethin more, somethin better and more substantial

     

    the tartan army dont give a hoot, the team’s mince and will be and they’re long past caring, just in it for the bevvy, the game does’t mean anythin, its been a long time since they did dream, or even dare to

     

     

    but there’s a danger in that

     

    a we’re-good-for-nothin and we’ll-come-to-nothin apathetic attitude

     

    look out for it ! – it spreads if not addressed !

     

    beware the national team hunguffery,

     

    it can be like a bunch o wee wanes,

     

    all petty and irresponsible,

     

    causing a big mess

     

     

    i generally have no interest in the national team

     

    but a 5-1 horsing again encourages the slackers

     

    to kick our game, the best part of which is Celtic

     

     

    finger oot, SFA !

     

     

    ps – am no delusional enuff to think its gonna happen any time soon

  17. 67Heaven ... I am Neil Lennon..!!..Truth and Justice will always prevail on

    neil south uist on 27 May, 2012 at 17:23 said:

     

     

    If THAT’s confirmed, I will need a sedative……..LLLOOOLLL

  18. •-:¦:-•** -:¦:- SparkleGhirl :¦:-.•**• -:¦:-• on

    ernie lynch on 27 May, 2012 at 17:33 said:

     

     

    Very unlikely. Once the money was transferred to the trustees it’s beyond the reach of creditors.

     

     

    But surely saying it can’t be called in is admitting that it wasn’t a loan in the first place?

  19. It just strook me how fitting it is that the court of sessions action against the SFA is being funded by the rangers fighting fund.

     

     

    Supporters have long claimed that the fans shouldn’t be punished for the actions of a handful of rogue directors. But this action, the one which could ultimately result in the heaviest sanction for the club, is being funded directly from the supporters’ pockets!

  20. Still 25c in the NW o engerlund, not seen one cloud since Fri morning.

     

    Catching the rays while the rankers die!

  21. •-:¦:-•** -:¦:- SparkleGhirl :¦:-.•**• -:¦:-• on 27 May, 2012 at 17:44 said:

     

    ernie lynch on 27 May, 2012 at 17:33 said:

     

     

    ”Very unlikely. Once the money was transferred to the trustees it’s beyond the reach of creditors.

     

     

    But surely saying it can’t be called in is admitting that it wasn’t a loan in the first place?”

     

     

     

     

    ####

     

     

    The way it’s meant to work is this.

     

     

    1. The company (the huns) sets up a trust appointing trustees (the people who will administer the trust) and identifying the people, or class of people, who are to benefit from the trust.

     

     

    2. The company transfers money to the trust. Once they’ve done that it’s beyond the reach of the company’s creditors.

     

     

    3. The trustees use their discretion to make loans of the trust funds to the beneficiaries.

  22. Paddy Gallagher on

    Vmhan on 27 May, 2012 at 17:46 said:

     

    Paddy G who told ye the story about engerland was it AT?

     

    +++++

     

    Yes but not through Sky Money, new money.

  23. Bourne does Glesga have additional discretionary minutes on the town clock, you should stick with Greenwich Green time!

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