Amid the acres of confusion that surrounds Rangers and the Scottish game at the moment, one matter is now clear of the tax authorities, not subject to dispute by the various parties squabbling over Rangers, and free for the SFA to examine. If they are interested.
Former Rangers director, Mike McGill, when speaking to the media alongside Sir David Murray on Tuesday, said, “The club used an old offshore EBT scheme in 1999 with three players. That scheme is the subject of the small tax case.
“The Revenue provided some information to us in early 2011 and we conceded based on that information and provided for payment in the club accounts.”
The simple question for the SFA is, were details of payments made through the old offshore EBT scheme, which HMRC challenged last year and Rangers’ old board conceded, submitted to the SFA?
If they were, our faith in the governance of the game can be restored and we can all look forward to the Cup Final on Sunday. If not, whose registrations were invalid and which games did they participate in?
As this question affects more than just SPL football, the SFA are the only body competent to investigate this matter. They are also competent to administer any appeal process. We hear the SPL inquiry will not mature until after the HMRC-Rangers First Tier Tribunal reports, which could be well after the SPL split, potentially creating chaos if Rangers were incorrectly placed in the top six.
This is a governance issue of enormous proportions. The SFA should use McGill’s comments as an opportunity to take a fresh look at this issue and quickly instigate an inquiry.
I’m off the see the lawyers this morning. More later, I hope!
440 Comments- Pages:
- «
- 1
- ...
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- »
wonkyradar
they were born Long Calderwood
Hail Hail
Deliasmith
“Where Are Ya!!!”
The battered bunnet,
It is a ridiculous idea. Using your example, clubs with very few supporters – st.j/dunf/etc – and practically zero travelling fans, make millions from our fans going to support our team.
You need to remember that the majority of these chairmen that will meet will be the same ones that knocked back SKY tv money years ago. That’s how clever they are.
obonfanti1888, 2012
Don’t worry. The belief is that it has the potential to be the biggest ever British sporting scandal (and corporate collapse after RBS). ‘Bit’. ‘Between.’ Teeth.’ and that’s a direct quote
Who would have thought those cheating barstewards fae Oporto would ever come to indirectly help our cause?
What next- Rapid Vienna with some juicy secret from the Jelavic deal?
Ricksen’s second contract was a mechanism to enable Bobby Petta to pay money into Fernando’s offshore account, on the condition that Fernando allowed Bobby to rip the pish in a series of Celtic Ranjurs games. Allegedly.
If any of our Donegal Bhoys are looking for a good night out tomorrow,go along to the Wolfe Tone Bar,in Letterkenny.FIANNA are playing.Good Reb.,music,good night guaranteed.Slan
looks like regan will be eating his bullish tweet by the end of the day :o)
Regulars on here will be sick reading this, but the day my hard earned money that I use to watch MY club goes to pay the debt the wasters at Killie & Dunfermline have ran up, is the day I stop watching football in this country.
RANGERS’ admin-istrators were going to the Court of Session today to try to invalidate a deal over season tickets bought for £24million to help finance Craig Whyte’s takeover.
The bid to remove an obstacle over the club’s sale will be fought by investment firm Ticketus, which has joined forces with Paul Murray’s Blue Knights consortium in a takeover bid. Duff & Phelps is concerned the season ticket deal will reduce the club’s value to potential bidders. Some analysts say the move raises questions over Ticketus’s support for the Blue Knights bid. The administrators are to argue that the Ticketus contract should be voided. Ticketus would then get some of its investment back if Rangers agree a company voluntary agreement, to take the company out of administration. The London-based agency would then have to take action against Whyte to get back the rest of the money it is owed through their agreement. The company insists it will fight the move, saying it legitimately bought the season tickets and is therefore the legal owner. Duff & Phelps had previously argued that the deal might be void because club assets, namely the tickets, were wrongfully used in the purchase of the club last May. The company’s rights would cut the revenues to Rangers from gate receipts by about half. Meanwhile, former Rangers company secretary Campbell Ogilvie says he will not step down as Scottish Football Association president and insists he had no role in “drafting or administering” player contracts at Ibrox after the mid- 1990s. Ogilvie has come under pressure after the SFA and the Scottish Premier League said they will investigate the alleged non-disclosure of payments to players during his spell at Ibrox. Ogilvie confirmed he had been a member of the Employee Benefit Trust scheme, which was the subject of a tax tribunal and could cost the club £49million. Other reports today say former Rangers chairman Sir David Murray may be a key witness in the criminal probe into Whtye’s takeover of Rangers. Police are set to question Murray as part of an investigation into whether Whyte’s takeover of the club breached company law.
Folly Folly
Belter!
Wasn’t it Bob Crampsey who was commentating on a Celtic Rangers came, and as Jinky was running through on goal he said along the lines…
“Johnstone must score, aw FFS he’s missed it!”
I’m far too young to have been around for it but sure I’ve heard that story!
Anyway, it would be nice to hear that we do have those facilities for the blind, and although I can imagine it would be expensive to run with special commentators and different forms of equipment, it would be nice to know that we do offer it.
HH
I live in East Kilbride- originally fae Castlemilk/Govanhill- but I despise the place. There are far too many huns ( although admittedly it is levelling up). It is a cultural wilderness up here- very homogenised, bland, vapid and utterly lacking in history or atmosphere. Would like to move but can’t get the bloody house sold at moment.
Oh I can’t believe this Porto stuff.
It’s all reading like the most perfect script we could ever have written.
Except I have put on several lbs already and they’re not even in administration yet…..
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 15 March, 2012 at 14:05 said:
ASonOfDan
Their team of 8 who have worked 4 weeks on a 40 hour week will now cost
768000 + 20% VAT = 921,600 spondoolies and they forgot to do the first thing that they should have.
you are forgetting!!! the huns don’t pay tax so £768000 :-)
do they get paid for this????
Rangers in crisis: Chicago-based firm in talks with Ibrox administrators over buyout
Mar 15 2012 Exclusive by James Traynor and Keith Jackson
Generic image of Ibrox gates
RANGERS have become the target of a second American buy-out, Record Sport can this morning reveal.
The crisis-ravaged Ibrox club are being lined up for a possible takeover involving Chicago firm Club 9 Sports who have held discussions with administrators Duff and Phelps this week.
Club 9 Sports are an offshoot of parent company Prometheus Capital Partners, a private merchant bank who describe themselves as ‘turnaround specialists’.
They have been circling British football for almost two years, looking for a chance to buy their way into the game. In May 2010 they failed in a bid to bail out Sheffield Wednesday.
They tried again last year with a proposed takeover of Tranmere – but after almost five months of negotiations the Prenton Park outfit showed them the door also.
Now Club 9 Sports believe they may have spotted another opportunity, in Glasgow, where the SPL champions are battling for survival.
They have joined financial big-hitters the Fortress Investment Group, from New York, in indicating interest.
But last night top brass from Duff and Phelps were thought to be unimpressed by either approach.
The administrators have yet to receive any kind of direct contact from Fortress who, it has been claimed, are ready to blow some of their £27billion fortune on rescuing Rangers, despite no track record of investing in sport.
This morning Duff and Phelps will be more concerned with events closer to home. Their legal team will appear at Edinburgh’s Court of Session to seek a ruling on the £24.4million deal struck between shamed owner Craig Whyte and investment firm Ticketus.
Duff and Phelps will ask a judge to examine the legality of the contract Whyte used to raise funds for his catastrophic £18m buy-out. A decision is not expected today.
Paul Murray, the man who has put together the Blue Knights consortium, has struck an alliance with Ticketus.
Like Murray, multi-millionaire Brian Kennedy is a serious contender and is expected to make an offer within the next 24 hours.
A Singapore consortium, fronted by Glasgow-based businessman Shazad Bakhsh, is also thought to be putting a package together.
Note no Journo has put his name to the article above but it was Matthew Lindsay
Hail Hail
Awe naw
Long Calderwood is area in EK
The brothers house is there til this day a cottage which is the Hunter
museum
I was born 1/2 mile from there and never been in it not even in a primary school trip.which is probably a shame given what i found out about them in later years.
Magnificentseven
Ally managed to get D & P to accept a minimum fee
It has not been published by the laptop loyal as they want Ally to keep his dignity and he is getting sick of peeple touching his ass wherever he goes
Hail HAil
I remember around 2005 giving my aunt and uncle a lift to and from the airport for their holiday in Portugal, my uncle (not a football fan) bought me a bottle of whisky with the Porto team on the label for my troubles.
It has been gathering dust in a cupboard since then as I wouldn’t even look at it never mind drink it.
I will dust it down this evening and have it prepared to be consumed should this Porto story come to fruition.
I vowed to never take any interest in Porto again when leaving the Estadio Olimpico de Sevilla, I may just change my mind…..
dirtymac \o/ on 15 March, 2012 at 13:53 said:
I took Domestic to mean all games in Scotland not home ones, but did not realise we had played 30 already (duh) so that has to be home games.
However whatever the figures half goes to Celtic the other half is split up amongst the rest and their gates (Rangers apart) so chances are they are too low to cover the gap.
Found attendances to date and Celtics are 741,616 and Hearts would be 195,783 after 30. That would give Celtic an attendance of 939,380 over 38 games and Hearts 247,919. Income @ £20 = £18.7M and £4.9 respectively.
With a 50/50 we get £9.3M and Hearts £4.9M + £988K (average gate of 24,720 /2 for fifty fifty x £20 x 4 games.).
Lower figures but you can see the impact on Celtic and the relatively smaller benefit for Hearts.
Makes my favoured plan of a having a side able to at least try and compete at CL level with that prize shared more equitably a better proposition for keeping up standards. My point about just inflating wages also applies.
TV money aye, CL money definitely and maybe even EL money although it is nothing like as rewarding.
jc2
East Kilbride is a new town built in 1947 it consumed Long Calderwood years ago.
Hail Hail
Who did the Orcs cheat in the semi-final on the way to wrecking Manchester, Was it Fiorentina?
HAIL HAIL
The Falcon on 15 March, 2012 at 14:08 said:
miki67 on 15 March, 2012 at 13:55 said:
I.D. Smith : the British Hitler.
He’s not gone and annexed the Sudetenland again has he?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Scotland is England’s Sudetenland,and by the amount of Anglo accents popping up on Scottish meeja it’s their Lebensraum,too.
jc2:
Council is closing the Hunter Museum after cuts to “cultural” budgets- kinda sums up the place!
When are the boors goingto realise the meeja are leading them up the garden path :oD
Googybhoy-Have you been taking the boy Lineker to the BBC at Salford ?!!
Gary Lineker@GaryLineker Tweet:
Taxi driver just said ‘never liked you as a player and not really that keen on you on the telly’ He won’t be liking his tip much either
Are thems out of admin again?
The Ricksen issue will defo set the fireworks off!!
I suppose that if the Gang of 10 clubs are successful in garnering a better portion of gate money, it may adversely impact Celtic initially.
However, there are also a number of distinctly promising side effects of this.
1) It will harm Rankers considerably more, and thus weaken our main opponents.
2) It may make the SPL that little bit more competitive, which in turn might help us in our European ventures.
3) It will tend to prevent the Board under-investing in talent as we will still need to spend to ensure dominance.
4) It might also improve the quality of the other Scottish reps in Europe, helping the national coefficient.
In short, I am much less worried about what they might negotiate than I would be if I were unfortunate enough to be a Hun.
HH
leftclicktic on 15 March, 2012 at 14:38 said:
Who did the Orcs cheat in the semi-final on the way to wrecking Manchester?
———————–
Just the semi final?
Seems the might have cheated everyone , by the sounds of it…
Judge:
Am away back tae Fascist Fascist…sitting here eating ma soup wae ma sash oan, reading ma copy o the Turner Diaries n ma KKK hood…whooops…ma burning cross hiz jist set fire tae the computer…aaaahhhh!
jimbob71 @ 14:35
If, like me, you’re getting a bit fed up with a constant diet of jelly & ice cream, I can recommend a good use for your almost-forgotten whisky:
I give you Ice Cream Cranachan:
60g of medium oatmeal
150g of raspberries
4 tablespoons of whisky
4 tablespoons of runny Scottish honey
600mls of ice cream
Enjoy!
It’s bad enough that wee Fernando got a wage as a footballer, but two wages??
And if Porto are ready to make a claim how many others will join in? Will they end up with a negative co-efficient after all of those 3 – 0 defeats are factored in?
If we were to get back the time Porto spent time waiting then we would have to wait for an infinity
TLWIO
:))))) I know that but if I knew my club was cheated out a European final place by a club playing illeagal players I would be asking serious questions of UEFA.
Any Italian speaking Emailers lurking :)))))
HAIL HAIL
for “waiting” read “wasting”
Maybe I.D. Schmit will get A4e to take over @ The Midden…
EK is vapid and empty vessel and yeah its full of Buns. Worked there for 16 years man and boy. the town centre is like a war zone at the weekend , especially the taxi rank. Been in more scuffels in EK than in Glasgow and i’ve drank in Glasgow for nearly 10 yrs.
Strange and Hostile place.
KLV