EBTs went to staff at other clubs. £10m unaccounted for

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Assuming Sir David Murray was telling the truth to Sky News in March (bear with me), there is a £10m gap between the sum recorded in Rangers accounts as paid to EBTs and the recipients revealed by the BBC last night.

It may be that the BBC didn’t receive information on some Rangers employees but we should also consider what other non-employees received payment from an Employee Benefit Trust, like Graeme Souness, who was employed by another club at the time.

What other clubs’ employees received a piece of that £10m?  Was it only Blackburn Rovers?  Did they know about it?  Did an employee of another SPL club receive payment from Rangers Employee Benefit Trust?

What about journalists?  The cosy relationship between football clubs and sports journalists has been one of the most incongruous features of this debacle.

What about officials?  Yes, officials?

We know cash went out of the company, we know how much is unaccounted for, we just don’t know where it went.  The already-established multi-association nature of these revelations (it involved a club registered by the Football Association in England) puts the matter beyond the immediate scope of the Scottish authorities, which is some comfort.

Many of the facts have been revealed but this will be a story that is still giving a decade from now.  Before Rangers disappear into the ether, the authorities (football and other) must use all leverage possible to discover where that £10m went.

I didn’t see a penny.  Did you?

I am still trying to digest the enormity of what was revealed last night. This could take a while.

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346 Comments

  1. Brogan Rogan Trevino and Hogan supports Kano 1000 on 24 May, 2012 at 12:55 said:

     

    >>>

     

    Have read your post (it’s more article than post!)….and it’s very informative.

     

    Some of what you raised has also been taxing my uninformed brain. So,thank you for bringing some clarity.

     

    At the beginning of the doc. I noticed with interest that the ‘refs’ were mentioned,but no more was said;so I assumed it was an ‘in-house’ trailer for a future exposé.

     

    I,too,was mystified by the absence of Minty & Moisty (the notorious double act!),so another assumption : they got bunged in the brown bag tradition.

     

    I guess we must remember that Thug F.C. has been operating like organised crime for a very long time; so stuffed envelopes and bag-men will be no strangers to them.

     

    And in the finest traditions of The Cosa Nostra and The O.O. ‘Omerta’ is the order of the day. Break it,and the repercussions will be dreadful to behold.

     

    And like The Battered Bunnet says : the game is trashed. Sad.

     

    And it most certainly will be if a NewCo slopes back into the spl.,virtually unsanctioned.

     

    All this must not be swept under the orange rug. There is serious wrongdoing here.

     

    But then,it merely reflects the corruption of the entire financial system.

     

    We deserve better.

  2. Paul67,

     

     

    This just gets better by the minute. I can’t take it all in. Would it be beyond the bounds of possibility that some of the missing millions might have found its way to our refereeing fraternity? Wouldn’t that be something?? One can but hope the monies are traced. After all, they really should have gone to build our hospitals and schools and equip our forces.

  3. Awe_Naw_No_Annoni_Oan_Anaw_Noo on 24 May, 2012 at 13:30 said:

     

    >>>

     

    I’ll say it : Tombola sounds like a hun.

  4. Haw!

     

    “McCrummoch”, ye’ve had yer tea, now there’s yer dinner….

     

     

     

    Boost.

  5. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    miki67 on 24 May, 2012 at 13:32 s

     

     

    Uninformed hun thinking for sure

     

     

    Hail Hail

  6. Neil canamalar Lennon hunskelper extrordinaire on

    Why are we still waiting for the courts to relieve D&P from their post, evidence is made available of conflict of interest and duplicity in their claims of impartiallity, which alone calls into question their fit and proper status.

     

    Hopefully my guess that HMRC are giving them enough rope is being played out.

  7. Awe_Naw_No_Annoni_Oan_Anaw_Noo on 24 May, 2012 at 13:33 said:

     

    >>>

     

    Aye….they’re trolling like mad yins the day.

     

    And I’m a trollhunter with an axe tae grind!

     

    HH!

     

    ; )))

  8. “Hello I’d like to speak to Mr Green please. Paul Clark. From Duff and Phelps? About Rangers. No, Rangers Football Club? Yes he knows me. Oh, in a meeting? And then another meeting .. what about later? Flight to catch? When will he be back? Hello? Hello?”

  9. Thindimebhoy on

    Brogan Rogan Trevino and Hogan supports Kano 1000 on 24 May, 2012 at 12:55

     

    I wonder if anyone in the mainstream media has read Silver Blaze by Sir Arthur Conan Doyle? If not they should because there they will find a very interesting question surrounding the curious incident of the dog in the nightime!

     

    “The question is, my dear Watson, why did the Dog not bark?”

     

    —-

     

     

    I assume my dear BRTH the dog knew the person in the incident

     

     

    Wondered myself why Smith was not in the EBT’s it did occur to me though that maybe they successfully shredded the electronic and paper trail on this occasion….extra protection neeeded for this VIP…?

  10. Whilst we expect no assistance from the SFA or SPL, I think it is genuinely astounding that these organisations have not saw fit to put even a banal statement on their sites. One might have expected “The SPL/SFA note the contents of last nights BBC Scotland programme. All relevant matters raised will be fully investigated as soon as possible.”

     

     

    Not fit for purpose

  11. Paul67

     

     

    Something that no-one has yet commented on – where did all the material that the BBC has come from? – was it extracted from Ibrox by a whistle-blowing employee? – did it come from a former director? Is there more with said person or else at the BBC?

     

     

    VertWolf

  12. Half Time Tombola on 24 May, 2012 at 13:23 said:

     

    >>>

     

    Your banging on the same drum and blowing the same tune is getting my goat.

     

    Comprendé? Hun.

  13. Half Time Tombola on

    Raspberry – I don’t know about the self employed thing or how that would affect the payments. Haunners embdae?

     

     

    ASonofDan – It wouldn’t be a denial, it would clarify that disclosure was not required under the registration rules as was implied by the BBC.

     

    It would also put pressure on Rangers to comment specifically on the double (or non-disclosed 2nd) contracts matter rather than let D&P focus on the Ticketus/takeover claims made.

     

    Again, I believe Celtic have no case answer.

     

     

    Tombola

  14. If any SPL Chairman can vote them in after watching that, then not only are we the most corrupt bigoted League in the world but I would say we are the most corrupt bigoted Country in the world!

  15. traditionalist88 on

    Anyone see the pic of the Blue Knight joining the party of Tims returning from Norwich?! On the Rhebel Rhebel FB page I think

     

     

    Looks fairly chuffed our new pal so he does:)

     

     

    HH

  16. Green Lantern (((((0))))) on

    Right. That’s the Prince Albert in place and the swelling has subsided.

     

    Now where did I put Ms Lumley’s phone number?

     

    BTW. Is a Jorg Albertz in any way similar to a Prince Albert?

  17. Half Time Tombola

     

     

    I get what you are saying but the laptop loyal would then turn this into the main story and do a smoke & mirrors job on rangers.

  18. Fortunes Favour Mibbes on

    Can we expect more clubs from the rest of Europe to lodge (pun intended) complaints with UEFA due to hun cheating in Europe?

     

     

    UEFA have no choice but to act when the evidence is in their hands, and the SFA/SPL’s actions can be judged by comparison. Not that I want to interrupt the SFA/SPL while they continue to make their mistakes :))

     

     

    10 years of European results to be looked at. Well, we no point in including season 2011-12, eh Sally.

  19. The Pantaloon Duck on

    One thing has been bugging me all day; what was Joanna Lumley doing at a metal convention?

     

     

    Must go on to Amazon and get the Sapphire & Steel box set…

  20. traditionalist88 on

    I bet Shug Keevins is relieved its pre-season and he doesn’t have to go out his depth to discuss ‘matters of corporate governance’.

     

     

    Its alright Shug, its fine to call it cheating now.

     

     

    HH

  21. From the hilarious Sporting Life…

     

     

    Rangers are looking at Hearts’ Scottish Cup final hero Ian Black, according to a scout at the Ibrox club.

     

    The midfielder, who was inspirational as Hibernian were defeated at Hampden Park last weekend, is a free agent after it was decided both parties would part company this summer.

     

    And Rangers could look to take advantage if they succeed in having their ban on signing players lifted.

     

    “Black’s an excellent, solid, intelligent player,” Rangers scout John Brown said in the Daily Record.

     

    “He is a player who would enhance our squad and is on the list.”

  22. Imatim and so is Neil Lennon on

    2010 Never Again

     

     

    Bzzzzzzzzz

     

     

    Are Jack’s minions trying to distract things ever so subtly? <:-))

  23. 67Heaven ... I am Neil Lennon..!!..Truth and Justice will always prevail on

    How was DM able to borrow millions under MIH and then use it for RIA ..?

  24. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Imatim and so is Neil Lennon

     

     

    expect Bontybhoy soon

     

     

    Hail HAil

  25. The Pantaloon Duck on 24 May, 2012 at 13:44 said:

     

     

    She’s a huge fan of Saxon and Judas Priest, and didn’t read the invite properly.

  26. Charles Patrick Tully on

    Spot the difference ?

     

     

    Celtic selling the jerseys… for a very worthy cause! unique shirts are now being auctioned to raise money for Teenage Cancer Trust.

     

     

    Rangers – The Men Who Sold the Jerseys. EB Trust.

  27. paolosboots on 24 May, 2012 at 13:28 said:

     

     

    Hen1rk yes MIMTEC that takes me back aswell, a real lesson on how to treat your employees, deadful place

     

     

    Ran by two bullies John Boyle and a Dave Gilmour if i remember correctly ,

     

    former a right hun and later a ‘ Aberdeen ‘ fan ! !

  28. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    This is a beautiful day

     

    It is a new day

     

    We are together, we are unified

     

    And all for the cause

     

    Because together we got power

     

    Apart we got pow-wow

     

     

    Today on this program you will hear gospel,

     

    And rhythm and blues, and jazz

     

    All those are just labels

     

    We know that music is music

     

     

    Today on this program you will hear gospel,

     

    And rhythm and blues, and jazz

     

    All those are just labels

     

    We know that music is music

     

     

    Come together as one (x5)

     

    (Gospel)

     

     

    This a beautiful day

     

    It’s a new day

     

    (Repeat)

     

     

    We are together

     

    We are together

     

    We are together, we are unified

     

     

    We are together

     

    We are unified, because together we got power

     

    Apart we got pow-wow, we are together

     

     

    Today on this program you will hear gospel,

     

    And rhythm and blues, and jazz

     

    All those are just labels

     

    We know that music is music

     

     

    Come together as one (x5) [Gospel]

     

    Rock the boat (Get off the boat) (x3)

     

    We are together, we are unified

     

     

    Come together as one [Gospel]

     

     

    This a beautiful day

     

    It’s a new day

     

    (Repeat)

     

     

    The name of the game is power

     

    And if you ain’t playing power,

     

    You’re in the wrong place

     

    (Repeat)

     

     

    Brothers and sisters, the name of the game is power

     

    If you ain’t playing power,

     

    You’re in the wrong place

     

    (Repeat)

     

     

    Rock the boat (Get off the boat) (x3)

     

    We are together, we are unified

  29. 67Heaven … I am Neil Lennon..!!..Truth and Justice will always prevail on 24 May, 2012 at 13:47 said:

     

     

    He was able to do it because the Rangers shares were held by and MIH company (Murray Sports Group, I think). So essentially Rangers were a subdivision of MIH, owned by SDM (then latterly the bank).

  30. Big Swee walks on with Neil Lennon on

    Any irony in the fact that Murray and co appear to have Fluffed the advice from Baxendale?

     

     

    Ah’ll get me….no wait… it’s too warm for a coat today………….

  31. Imatim and so is Neil Lennon on

    Awe_Naw_No_Annoni_Oan_Anaw_Noo on 24 May, 2012 at 13:47 said:

     

    Imatim and so is Neil Lennon

     

     

    expect Bontybhoy soon

     

     

    Hail HAil

     

     

    ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

     

     

    2010 Never Again

     

     

    He’s probably already here but I can’t be ersed checking all the ISP’s <:-))

  32. good afternoon cqn from a sunny Balloch loch lomond,played golf this morning wifes gone shopping,lager in the fridge,whats not to like.

     

    anyway who are these peepil,I demand to no,Sun getting to me,back out for another lager.

     

     

    H H