More evidence emerged today on how Rangers recompensed players through their Employee Benefit Trust (EBT) scheme in The Sun newspaper, who have a draft contract Rangers offered an unnamed player. The contract was a letter confirming a six figure payment as well as a £1200 per game appearance bonus.
An accountant told Sun reporters Paul Thornton and Ewing Grahame:
“I have been shown a contract of employment showing how much money players were going to get but also a back letter which I presume that individual has assumed is part of his salary. It seems like a contract.
“If the two documents are handed to someone together, is that seen as being his overall package? If the answer to that is yes then there is a problem because the money that goes into the trust really should be getting taxed because it is his salary.
“The fact it is there as a back letter at all suggests it is dodgy.”
Attention is obviously drawn to the potential criminal consequences of these tax arrangements but football fans throughout the country will be alarmed that Campbell Ogilvie, the man who was general secretary and director of Rangers when the EBT scheme started, is currently president of the SFA and would have been involved in scoping out the secret remit of the SFA inquiry into Rangers, which was asked to report within an incredibly quick two week period. Ogilvie is also one of the few men the inquiry will report to.
If the allegations in today’s Sun are accurate, Rangers have improperly registered football players for a period of around a decade. The penalty for playing an improperly registered footballer in any game is a 3-0 forfeit.
When the SFA president is in a position to confirm all of this, the association have all information they require to make a ruling on this, but despite these allegations being widely reported for many months, they have yet to even acknowledge there is anything to investigate.
Can you imagine the scrutiny the Football Association in England’s board and chief executive would be exposed to if this scandal was not being actioned?
Issue six of CQN Magazine, the Fit and Proper edition, is set to become a landmark collectors item. You can browse the magazine online here but you can buy your own hard copy by clicking on the link below. Read with 20-20 vision…..
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StMichaelsBhoy2
Al gee yae a Hymn Spot the Tune
In the war against Rangers, in the fight for the CUP.
Second line omitted
Weve done it before,and we will do it again,
On Erins Green Valley, look down with our Love,
On Erins Green Valley, On Erins Green Valley
Oglach, no offence mate this was way in the past, and should not be sung today, IMO.
Awerabest PJ
Our hero told us he ended contractual ambiguities when he took over, could it be that all them new contracts handed out at the beginning of the season was all about :oD
oglach says:
26 February, 2012 at 14:49
Who’s being polemical?
Ma wee hun neebor who’s been setting rockets aff for the last 3 yrs blinds have been down for 4 days now. Hope he’s no done summit silly? Iv’e just spent £20 on a big box of fireworks!!
Fat Sally is some manager 4 goals away at ICT what a performance and he has no money to spend and look at how great the team are that he put on the Park today.Mind you maybe Butcher had something to do with the result like his team didnt lift a finger towards winning the game you could say they rolled over.All that cuddling each other before the game was good to see real sportsmen not like other teams.The media are turning a blind eye right to the bitter end wiggy talking about CL place at stake do they really believe they will get away with there cheating? do you know what? I really believe they do as they are the peepil.H.H.
Sally is as culpable as Murray,Whyte,Bain Smith of course he is working his ticket out if Aye Brokes
papa john, I believe “the holy ground” was written about a knocking shop.
Papa John says:
26 February, 2012 at 15:05
In the war against Rangers in the fight for the cup
When Jimmy McGrory put Celtic one up!
I reckon the ides of march could really come into their own this year.
Ok in my defence i said that neither Catholic Hymns or Reb songs should be sang. Right i hope that is my position clarified.
jude2005 is Neil Lennon \o/ says:
26 February, 2012 at 15:07
Ma wee hun neebor who’s been setting rockets aff for the last 3 yrs blinds have been down for 4 days now. Hope he’s no done summit silly? Iv’e just spent £20 on a big box of fireworks!!
**************
A bit of a deid banger eh? :-)
hen1rik
Celtic not celtic. Let you off this time!! lol
Another old one we should reclaim, to the tune of Marching Through Georgia
By one! By Two! By three or four or five!
By one! By Two! By three or four or five!
We’ll beat the Rangers in the cup
As sure as we’re alive
By one, two, three or four or five!
okay. i’ve only dabbled in the news of late, but can someone confirm or deny this…
craig whyte was exposed in what passes as a newspaper as having sold shares in arsenal which have been held for some considerable period of time (1910?)
but… were rangers not being subsidised by joe lewis for forty million quid via his ENIC investment company…
the same one that own spurs?
someone having considerable investment in a club which owns arsenal… and a considerable investment in spurs?
hmmm. am i the only one thinking “conflict of interest?”
i should stress, i’m not suggesting the shareholding in arsenal was big enough to be significant… but…
if i played for arsenal and bet on spurs, in a £200,000 bet… pc plod would be knocking on my door.
P G
A rocket up his proverbial might do the trick? Or a banger thru his letter box??
OGLACH 1449 etc
I noticed a few weeks ago that you dropped the suffix UFB from your moniker.
Now I see why.
Leabrannagh
Yiv goat me puzzled, is that regarding the Purchase of Door Furniture.
Awerabest PJ
When the FTT(T) returns it’s findings I wonder what the chances are of a definitive list of all players, management and directors who have been direct beneficiaries of this wonderful scheme?
Also, is it ok to buy the rags yet……the headlines look absolutely glorious these days?
I see the £500k rated Grant Holt has equalised for Norwich.
Lovely wee post from rangers media. They are talking obout the saverangers pledge site, beloved of so many CQN’rs.
“Posted Today, 12:03 AM
If I’d a choice between giving money to the RST (or anything the RST had a hand in) and setting it on fire then I’d look out the swan vestas. ”
They don’t trust the trust! Trust them. I trust we have no significan trust issues on our side.
ernie lynch says:
26 February, 2012 at 14:46
oglach says:
26 February, 2012 at 14:41
Can you explain what you mean by ‘inclusive’.
You claim we are an inclusive club but you want to exclude aspects that are an essential part of the club’s heritage.
Being inclusive means allowing each part of the support to express itself as it sees fit.
——
spot on Ernie
by extension -no longer as upsetting for you when Scottish Celtic fans wave Saltires are Celtic game/
or mebbes you still think only Donegal Celtic fans really ‘get it’
hehehehe
HH
M
From sportingintelligence.com
Winners… and losers.
Ticketus now technically own a portion of Rangers tickets for three years and it is assumed they will
sell them as planned to recoup the money they gave Whyte, and make a healthy profit on top. So Ticketus won’t be out of pocket.
Whyte is not out of pocket because he never owned the tickets in the first place and hasn’t spend any of his own money.
Arguably it is Rangers as a football club who are out of pocket, because a portion of their future income has gone to Lloyds,
thanks to Whyte. So it is hard to see how Whyte himself is a creditor of Rangers.
once a bhoy…
there’s more chance of kyle lafferty winning the ballon d’or.
StMichaelsBhoy2
Yive made my day.
Awerabest PJ
The Big cover up at the Big hoose has been exposed.They will gang together to claim there innocence but we Celtic supporters must keep our foot firmly on there neck until they scream out the truth and then we must bury them.H.H.
jock tamson
Buying or holding shares in companies that are competing or whose fortunes tend to be anti-correlated (e.g. heating oil and ice-cream) to each other: is called hedging and it’s a sensible and perfectly legal investment strategy.
Sally is the complete hun
As a player when things were going against him he was no where to be seen – as in the 1989 Cup Fnal when Big Mick clouted him about the head!
When on top he would bully – like the time he broke Theo Snelders jaw with a shocking challenge
Now as a manager he is posted missing yet again
When asked if CW has been in touch and he replies No – what should the next question be?
I would have thought a true blue would have been breaking down doors to get to CW
But Sally?
Hasn’t even phoned the guy!
HH
Wasn’t Alistair McCoist a RFC (now in Administration) player during the period when the Employee Benefit Trust (EBT) scheme was rife down Govan way?
Just asking, like.
;o)
malarkey… yes… in the world frequented by folk in wigs… however…
do UEFA not have very distinct rules regarding ownership and investment in competing clubs.
i seem to recall eyebrows were raised when CSKA moscow played chelsea due to a large sponsorship by a guy who owns a large yacht in the russian team.
Papa John says:
26 February, 2012 at 15:18
Happy to help!
Hail Hail.
Ryan Giggs scores in injury time, Norwich 1 Man U 2.
Scott Parker off v Arsenal.
I hope that Celtic plan to get UEFA involved in having the tainted titles stripped from Rangers as they CHEATED.
The SFA will not strip Rangers of any trophies unless they are forced to.
TT
My dear,dear Ernie..
I cannot understand the level of criticism being levelled at Gary Hooper for the restrained nature of his goal celebration,which was in keeping with the true Corinthian traditions of the game….
Even in this post-peter grant era,there is still far too much outrageous overcelebration in the game…
As our acknowledged expert on all matters related to ‘lateral movement’,I’m sure you will agree.
Good to see at least some responsible football authorities are beginning to crack down on these shennanigans…
Down with all this kind of thing..
Look away,Virginia…..
Iranian Football Shennanigans.
P.S. Click on the link within the script.
Park H 15.00
Good thinking!!
niar not far
all am sayin, boss, is that each “individual” person is of paramount importance
some would disagree, but hey, there you go
StMichaelsBhoy2 says:
26 February, 2012 at 15:10
Another old one we should reclaim, to the tune of Marching Through Georgia
By one! By Two! By three or four or five!
By one! By Two! By three or four or five!
We’ll beat the Rangers in the cup
As sure as we’re alive
By one, two, three or four or five!
******
My father sang that as a ten year old boy, in 1925, on his way home from winning a choir competition with St.Mungo’s.
interesting John Beattie comments from this past week, for those who may have missed them…
link here (made easier to click on if i write this bit too, haha)