Football debts of Oldco, Newco and EBTs

273

I see former Rangers player and EBT recipient, Nacho Novo, was speaking to the media over the weekend about the tax tsunami heading his way, which, apparently, has the potential to bankrupt him.

Over 50 players will be pursued for tax.  Each has a side contract, a condition of which is that in the event that tax is demanded from them in connection with their EBT payments, Rangers would pay up.  Under normal circumstances that would be the end of the story, Rangers, as it was, no longer exists to honour that commitment, but, as a condition of access to the SFA and Scottish Football League, Newco Rangers agreed to honour any football debts of Oldco.

The EBT recipients have been reluctant to rock the boat on the subject of their tax affairs, but that may be tested if the financial interests of former Oldco players and Newco diverge over this issue.

This is (another) one for the lawyers.

Given a choice, I would rather avoid playing a team on their first game with a new manager, as St Mirren will have on Friday when Celtic visit.  Oran Kearney joined the club last week after Alan Stubbs sacking, with Saints second bottom after a win and three defeats.

That win was achieved on the opening day of the season against Dundee, the only team below them, but they have scored once in four league and cup defeats since, conceding 12 in the process.  There is often a dead cat bounce when a new manager takes over.  You can expect bodies thrown into everything on Friday evening.

Click Here for Comments >
Share.

About Author

273 Comments

  1. GreeninbingleyinOslo on

    So,

     

     

    Naismith uses the MSM to demand a Scotland starting place, and with a wave of EBT Alex’s magic wand…

     

     

    Dear God, people all over the world are laughing at banana-republic Scotland.

     

     

    I hope Panucci has told his players that this is the only country in the footballing world where kicking a player off the ball is now within the rules of the game.

     

     

    I wish that none of our our players were involved tonight, or ever will be again, until the stables are cleaned out and the game In Scotland is no longer rigged.

  2. Hopefuly the wed Rat novo will ask the club to pay his tax cheat debt after all he has a letter saying so. Oh wait that clubs deed…. Naw it’s no… Going for 55… Que.. Go on Nacho ya wee rat call them oot

     

     

    D. :)

  3. Let me get this right, McCleish cheated whilst at huns by using EBTs and benefited out of tax fraud personally and cheated all clubs out of points and prizes, our governing body give him a job to pay tax debt and that cash comes from supporters of every club he cheated

     

     

    Hunbelievable

     

     

    D. :)

  4. I cannot fathom out why anyone would want this scotland team/SFA to do well

     

     

    Just cannot fathom it out

     

     

    D. :)

  5. David66

     

    Rudi Vata’s cousin lived in Lincoln Avenue flats. His two daughters went to Corpus Christi and Saint Tam’s wi my daughter Paula. Your dad and your John knew him well. Never oot the bookies at Knightswood shoapy centre. Rudi coached my son for a few training sessions for Saint Tams school team.

     

    Mon Albania

     

    FTSFA and EBT CHEAT ECK.

  6. McLeish putting the nation to sleep once again

     

    Do I recall a game against Rah English very recently which had 6 invincibles in it! And here we are back to scrounging a team from any old lodge in the land

     

    SFA are a total discgrace.

  7. The Honest Assessment on

    Jobo

     

    Why should Scotland be ahead ?

     

    All show and no knickers from Scotland, they are brutal.

     

    I grant you Naybalance should have scored, he didn’t because he is a product of the brutal

  8. thomthethim for Oscar OK on

    Jobo,

     

     

    They are the SFA’s team. Not Scotland’s.

     

     

    I hope you get home dry.

  9. Despite the complete ineptness of Steven Naebalance and Kevin McDonald, there are some good performances there.

     

     

    John McGinn is playing very wel and Callum & Stephen O’Donnell are reasonable too.

     

     

    The burden of captaincy is weighing on Andy Robertson though as he has made a few bad decisions while trying his heart out.

     

     

    This ref, interestingly, is very lenient on pulls and sly trips, even when dangerosu attacks are thwarted, but anything too robust physically is punished. McDonald’s card was harsh but Souttar deserved his and could have seen red.

     

     

    Unfortunately, with naesmith being very poor and Johnny Russell looking knackered, I can see Leigh & Jamesie getting called on.

     

     

    Surely McTominay at Man U must be better than McDonald

  10. O’Donnell is trying to win a move back to Paradise. I would have him back.

     

    Scotland’s best player.

  11. glendalystonsils on

    I spent 45 minutes in the dentist’s chair today ,which was infinitely preferable to that 45 minutes at Hamdump.

     

     

    Naismith couldnae hit a bovine posterior with a stringed instrument.

     

     

    Robertson’s liverpool form has taken a ferry across the Mersey ,

     

     

    Eck looks he would far rather be somewhere that serves drink.