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.
You can buy a hard copy of the new issue of CQN Magazine via Magcloud here.
The graphic below is just for a flick through, to read the magazine go here to it’s dedicated site.
346 Comments- Pages:
- «
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- »
Thieves,thieves,tramps and thieves!!!
if folk at sfa are claiming that they havent seen the most controversial programe ever about scottish football that means taking trophies away and possible taking registration of a team away then frankly new people needed.
Surely someone from sfa stayed at home rather than heading to junket in usa or switzerland- even just the admin boy? And did their 5* hotels not have facility to get bb1 scotland through sky? doubtful.
Could someone not have taped programme and sent it to him?
could they not have asked bbc for copy to view when away?
could they not, as many people who live outwith the uk have done today and gone onto youtube to watch the programme? (if not awnaw could send them the link!!!)
staggering of claim they havent watched it.
unacceptable
miki67 on 24 May, 2012 at 15:53 said:
I try my best to avoid giving the gates and jobs of those world any money.
Have you ever seen some peeple lose ev’rything?
First to go is their mind.
Responsibility to me is a tragedy.
I’ll get a job some other time.
I want to join a band
and play in front of crazy fans.
Yes! I call that temptation.
Give me a melody. That’s all that I ever need.
The music is my salvation.
We’re lost in music;
caught in a trap. . . .
HAil Hail
Fortunes Favour Mibbes on 24 May, 2012 at 15:54 s
I suggest the wheelchair scam
HAil HAil
Gates and Jobs … weemingers about ;-) !!!
HAil Hail
Stupid huns…
Rangers fans have no faith in administrators Duff & Phelps, according to a supporters’ spokesman.
The London firm has been running Rangers since the club entered administration on 14 February.
A BBC Scotland documentary has revealed a potential conflict of interest with Duff & Phelps partner David Grier, a claim the company denies.
John Macmillan, of Rangers Supporters’ Association, said: “Virtually every fan is unhappy with their performance.”
Asked if supporters of the Ibrox club had faith in the company, Macmillan added: “No, absolutely not.
“I think Duff & Phelps’ handling of this administration has been a shambles from day one.
“I don’t know how many times they have announced a preferred bidder and withdrawn it at the last moment.
“There has to be a serious investigation into their handling of this.
“But we hope that Rangers will exit administration under new ownership and that this investigation can take place at a later date.
“The priority is to get out of administration via a CVA and hopefully this Duff & Phelps thing won’t hold that up.”
The Court of Session approved Rangers owner Craig Whyte’s choice of Duff & Phelps as the club’s administrators, but Macmillan, secretary of the fans’ group, believes the company’s involvement “just doesn’t sit right”.
“They were appointed by Craig Whyte himself and that tells its own story,” he said.
Strange thing….there was an article a few minutes ago on RTC,apparently written by RTC….Last Action Hero…applauding Herr Schmidt for not havin’ an ebt and needing to stand up for Thug F.C……it wasn’t there very long before it was removed.
Any thoughts?
Must feel like watching a train light coming at you trough a tunnel for those SFA dignitaries.
So David Murray borrowed the money for all those titles from the Bank of Scotland and failed to pay it back.Does this mean that the Celtic fans who banked with them helped pay for those titles?Just another example of what must be one of the biggest frauds in this country’s history.One more question.What is meant by “establishment club?”
Please give Stuart Regan a beak
Article 18, Section 72 of SFA Regulations:
Members must disregard defamatory words, written or verbal; all accusations regardless of existing evidence which should pertain to the glorious glasgow huns. Section 2, added May 24th 2012: EBTs are pure awright by the way as long as nae other clubs do them, int it. Signed Dawyl.
If the huns somehow survive this- & its hard to see how they can- would anyone be willing to accept the mangy beast at the top table severely neutered?
Say: 3 year Euro ban. 10 point penalty for 3-5 years. Minimum 1 year transfer embargo. 75% Tv cash to other clubs. Stripped of all titles/cups during EBT years. Fat Sally kept on as manager (thats maybe a bit sadistic)…but that would be a minimum I could maybe reconcile myself with IF & its a big IF they regain SPL status…I know any re-entry skirts the very fringes of blasphemy for some…maybe even including myself.
Rangers fans will, with considerable justification, feel under attack and believe that the existence of something very dear to them is threatened. It is a basic fact of sociology that groups in crisis will blame others- those from without- for what ails them rather than looking inward. To break the vicious cycle that spirals downward towards disaster, someone of real character needs to step forward to acknowledge the real problems and help the group come to some acceptance of what has happened. Rangers need a real leader just now. When the time comes to pick up the rubble strewn around Rangers FC, the club’s supporters need look no further than Walter Smith as a man who has been tested by events and proven to have the right stuff.
Unlike those to whom EBTs were not offered or not available, it appears that Smith was presented during his time as Everton manager with an opportunity that looks similar to that taken by Graeme Souness while manager at Blackburn Rovers. In September 2002, Smith applied to the Murray Group Management Remuneration Trust trustees for a loan for £80,000. Despite the loan request being approved in the same month, the payment does not appear to have ever been completed. Quite what he had done to merit this payment- four years after leaving the Rangers’ employment- is difficult to tell from the paper trail. However, it looks like Walter Smith thought better of receiving money from his old club through the EBT scheme.
Temptation itself is no sin. It looks like Smith had the character to walk away from what will have appeared at the time to be easy money. That is to be admired. If I have this interpretation wrong, I will be pleased to publish an alternative explanation of events with equal prominence.
In whatever form a new Rangers emerges (and some form of Rangers will be reborn), it will need men like Smith if it is to put the last decade behind it. Some will quibble that Smith was content to benefit from winning championships with teams liberally supplied with players who were subsidised by the EBT scheme. As a non-director and a football man, he can be absolved of responsibility for understanding the tax compliance issues surrounding the scheme. Finding the money to pay players was not his job.
In a tale involving many villains, it was refreshing to stumble over an uplifting chapter.
For those who have asked, Ally McCoist was not a beneficiary of this scheme. Three players, Hamed Namouchi, Ross McCormack, and Francis Jeffers had trusts opened in their name in anticipation of payments being made, but for a variety of reasons no money was ever paid to them through these accounts.
Awe Naw,
My sunburn bald napper will get me all the sympathy I need – that and my distress signal and tickley finger twingling hand shake.
‘re-entry skirts’ Now theres an idea! :-)
miki67
See my post at 15:45, I might have been right.
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 24 May, 2012 at 15:57 said:
>>>
Me too,but what can you do if you’re given one of those things?
So,I’ll re-phrase : do you have an mp3player/cd player/turntable in yer napper?
Or do you just have a good memory?
HH!
: ))
Awe naw
Your surreal lyrics got me off on a tangent.. Now thinking of who would sing what at the Hun closing down Karaoke:
Starting with Ally & Walter
Can you hear them
They talk about us
Telling lies
Well that’s no surprise
Can you see them
See right through them
They have no shield
No secrets to reveal
It doesn’t matter what they say
In the jealous games people play
Our lips are sealed
Careless talk
Through paper walls
We can’t stop them
Only laugh at them
Spreading rumors
So far from true
Dragged up from the underworld
Just like some precious pearl
It doesn’t matter what they say
In the jealous games people play
Our lips are sealed
Pay no mind to what they say
It doesn’t matter anyway
Our lips are sealed
There’s a weapon
We must use
In our defense
Silence
When you look at them
Look right through them
That’s when they’ll disappear
That’s when you’ll be feared
Hush, my darling
Don’t you cry
Quiet, angel
Forget
Miki67
http://www.sing365.com/index.html
Hail Hail
CultsBhoy loves being 1st forever & ever
Perhaps Allistur could sing ‘Careless Whisper’ solo!
Scotland Shame @ 15:55,
Not everybody is obsessed with Scottish fitba’ you know, especially the boring finance stuff.
Anyway weren’t England playing Cricket.
Paddy Gallagher @ 16:00
For me the visualisation has been a slowly enlarging snowball of titanic proportions, and various protagonists from the meeja, PR, SNP, SFA, SPL, and huns, keep throwing each other in front of it, and trippin up their pals while they scramble to get out of the way. And I can’t help thinking it all started off with Minty jumping on a getaway sled at the top of the hill.
wonkyruder,
West Ham were Championship last year so not on a par with EPL (though not far off).
But I think at the players ages they might want one last go at Europe.
HH
/Bishop B
Cults
Fun bhoy right e philps & duff !!!
Hail HAil
Anyways, Tommy Burns Jersey CSC dinner dance tomorrow night, going to be one hell of a party.
Cults
they should make a musical … and I mean a Rodger and Jock Hammer Stein type musical none of this Webber guff
It will write itself
HAil Hail
ASonOfDan on 24 May, 2012 at 16:03 said:
>>>
It’s lookin’ that way.
I see aw naw has posted said article above.
On RTC it’s no longer available.
Shapin’ up to be the story of the day.
new article posted.
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 24 May, 2012 at 16:06 said:
>>>
Aha! Bookmarked. Ta.
: )
Fortunes Favour Mibbes on 24 May, 2012 at 16:07 said:
A big cow catcher on front of the steam train is an idea!
One gets the feeling that, all over Scotland today, there are people with their fingers in their ears going… la la la…I can’t hear you..la la la.
And that’s including the SFA and SPL.
Len:
Sorry for the misspell: is that who Carew played for last season?
I seen the Hammers a few timed last season & never saw Carew- must have been injured. He has always had problems with injuries…a pay as you play?
How likely Carew would be to accepting such a deal is another matter.
St stoves, pauloshoots, I will probably no the pair of you,I worked for about 11 yrs mostly up in brucefield ,no all them guys that you mentioned ,strachan,Boyle, Scott and many others who like them were nasty people ,at the end strachan was starting to lose the plot ,a lot of stories can be told about him,I worked under a guy called John short good tim and one of the very few good guys that worked there,
Charles Green farewell Karaoke contribution
REM ‘Its the end of the World as we know it’
Has anyone found out how my old friend Kojo is doing? Kojo if you’re reading this, “Haste Ye back!”.
Same goes for Rancho Franco. Rancho I’m missing your unique take on the English language. Time for you to say something deep and meaningful.
So its true. Not paranoia.
The SFA, SPL and huns are a true unholy trinity.
Still are.
Total corruption.
Should be jail ..unless the cops were paid on EBT’s too.
Whats the ETA on Liquidation?
Can’t believe the SFA are taking a back seat after last night’s damning programme on the Orcs, we do pass the parcel these guys do pass the buck. Got to see the programme as they’re keeping the wee man in ICU for observation (they kick parents out at 7:30pm). Since getting the CPAP mask he’s playing a blinder and sleeping for Scotland & Ireland, I suppose he has about 6 months sleep to catch up on!! Dr’s happy with his progress but won’t let him out ’til they’re 100% sure he’s right this time, seeing as they’ve messed us around since the New Year. Thanks for all the good wishes
ConorMcKayCSC
TBB
Indeed!
And when I get back home tomorrow (just off from the sun terrace on the roof) I’ll link to the transfer tables for 2007/08 and ebt/net debt tables that along with continued use of ebts shows exactly the point when Rangers could have pulled back from the precipice but chose to charge on regardless and they still have the cheek to say they were reducing deby – aye with Celtic’s money.
Duff & Phelps
Fenian Army
Duff & Phelps
Fenian Army
Duff & Phelps
Fenian Army
Duff & Phelps
Fenian Army
Duff & Phelps
Fenian Army