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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philvisreturns on 27 May, 2012 at 16:43 said:
Yes its crap. Still. Better than Thatcherism. Anyway..what Rupert wants rupert gets.
http://www.philmacgiollabhain.ie/the-boys-in-blue-at-ibrox/#more-2734
Knock Knock
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
•-:¦:-•** -:¦:- 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 …..!!!!
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.
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
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.
All Tories are horrible. I think its great that Scotland is a Tory free country .
Billy Dodds postman must be thinking,”WHY BILLY?”
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
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……
Roy croppie – I noticed that but worse was that 3 other sports journalists ? – failed to correct his deliberate error
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.
wonder where they hid the ebt monies they gave to the laptop loyal
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.
For any lurking Huns :-
http://www.youtube.com/watch?v=YqQasoWm7Kg&feature=youtube_gdata_player
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…. !!!!
•-:¦:-•** -:¦:- 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.
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.
So Terry Butcher is no longer the Grand Master of the Rangers own goal, take a bow Billy Dodds.
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
neil south uist on 27 May, 2012 at 17:23 said:
If THAT’s confirmed, I will need a sedative……..LLLOOOLLL
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?
Ole Alex Tommo seems to have become distracted from his favourite story.
Maybe he’s just enjoying the heat.
Paddy G who told ye the story about engerland was it AT?
V
Hx2
Ole Glasgow’s still sizzling at six
Bourne check yir clock!
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!
Still 25c in the NW o engerlund, not seen one cloud since Fri morning.
Catching the rays while the rankers die!
Lighting the barbie when the R’gers die
•-:¦:-•** -:¦:- 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.
Thanks ernie.
Vmhan
18.04 sizzling
Paul Brennan’s clock is three minutes slow.
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.
Where were you when Ragers died?
V – Guaranteed was the word used.
Bourne does Glesga have additional discretionary minutes on the town clock, you should stick with Greenwich Green time!