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Football debts of Oldco, Newco and EBTs

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By on CQN BLOG & Comments

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.

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  1. Delaneys Dunky on

    BGFC

     

    I can sing it word perfect. Have been for 30 years. Olivers Army are on their way.

     

    We are still here, stronger and wiser than ever.

     

    Fenian Brotherhood Forever

  4. Delaneys Dunky on

    Yogi

     

    Now yer talkin sir!

     

    They pipes were magical, mystical.

     

    What a talent your friend Con is. Genius

  5. itscalledthemalvinas on

    I hope when Rob McLean is interviewing a couple of greeting sweaty socks outside the stadium in Israel after they have been papped out of this Euro campaign who are always telling us that they never get any luck he reminds them of the night they got an offside own goal against Albania.

     

     

    we always play better against the big teams-naw you don’t CSC

  8. Delaneys Dunky on

    I am no Physician, but just watched EBT ECK on Sportscene there. Man disnae look or speak like he is healthy.

  9. thomthethim for Oscar OK on

    To mention Novo in the same sentence as Raith Rovers is an insult to the memory of Turnbull Hutton.

     

    Surely the Kircaldy club’s directors wouldn’t go there.

  11. itscalledthemalvinas on

    Off to snoozels, thankfully I can sleep easily in my bed. Unlike the EBT squad. Hell slap it into you.

     

    That’s what happens when you sell your soul to the bigots.

     

     

    How much is it now Nacho ? See you at the checkout in Morrisons !

     

    Please tell me Gascoigne was one as well !

  14. David66 on

    Good morning from a dry but very very overcast

     

     

    Bring on the biddies

     

     

    ??????? – – – Loading

     

     

    D. :)

  18. Delaneys Dunky on

    David66

     

    Looking forward to a trip over the Erskine Bridge on Friday night.

     

    Bring on the Buddies.

     

    YNWA

  19. David66 on

    DD my away days are over unless I get the odd tickets for fir park for me the Bhoy and grandson.

     

    It will be the pub with my mates on Friday night then Celtic the musical on Saturday with her indoors.

     

     

    Hail Hail

     

     

    D. :)

  20. big packy 1 on

    morning bhoys from a very wet Cheshire. don’t really care about Scotland anymore. but would not support the team playing against them.roll on Friday.hh.

  22. David66 on

    That was an overcast Garngad

     

     

    Well bhoys and ghirls time for some graft

     

     

    Have a good day yall

     

     

    D. :)

  24. Hunderbirds are Gone on

    “At last they could see a brighter vista far ahead. After many days with heads bowed, shuffling forward on their morbid march, were they finally about to put the overcast desolate wasteland they had endured for too long, behind them?…

     

     

    … Yes they were! The international break is almost over. Only three more sleeps till we see the Famous Glasgow Celtic again. ???

     

    ?⚽️

  27. Hunderbirds are Gone on

    Comments on FF. Please scroll by if it’s not of interest.

     

     

    Had a quick peek on FF early this morning, as l woke up at 4am and couldn’t get back to sleep. One of them has posted about a dodgy email he received, purporting to be from Club 1872, and asking did anyone else get one, and what it’s about. The general consensus is that it is a scam, and just delete it.

     

     

    However one post had me sniggering like Mutley from the Wacky Races., and I quote, “That’s a bit sinister that the scam is specifically targeting Rangers fans.”

     

     

    Not really Billy, where else would they find so many gullible bampots? ???

     

    ?⚽️

  31. South Of Tunis on

    Wading through the gnashing of teeth re the cacca that is the Italian National team – I saw this .

     

     

    ” The Referee (Collum , Scozia ) was out of the where do UEFA find them bag ——– missed a stonewall penalty for Portugal and gave a yellow for a straight red assault by Pepe on Chiesa “.

     

     

    Thinking of Collum — brought my mind to this – Top Choon !

     

    https://youtu.be/tjnbu9KxT-8

  32. South Of Tunis on

    BHOYJOEBELFAST

     

     

    Assume that would have been the 3-0 v Fiorentina in 1970 .

     

     

    A few weeks later a European record turned up at the Mt Florida midden for the semi v Leeds

  35. Gary67 on

    Bhoyjoebelfast on 11th September 2018 10:29 am

     

    Wee teaser:

     

    What is the record attendance for an European cup game at Celtic Park?

     

     

    Inter Milan, 72 semi final?

  36. Bhoyjoebelfast on

    Gary67.

     

    South of Tunis was in right away.Some reports gave 77,000 others suggested 80,000 turned up.

  38. South Of Tunis on

    BHOYJOEBELFAST .

     

     

    Don’t know the official attendance v Fiorentina but my addled ole bonce remembers a huge crowd . Increased by lots of neutrals . I know PTFC / Hertz and Hibs fans who went to the game . I went with my old man . I remember him opining that the attendance came close to games v the Deady Bears in the 1930s.

  41. Hot Smoked on

    I don`t suffer ad problems on CQN apart from one for the RAF which pops up regularly in the bottom right hand corner of my screen in the form of a short video. Any suggestions as to how I get rid?

     

    JJ

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