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Wanderers Ways. Neil Thompson 1961-2021

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Posted

how the fuck can you owe the tax man ?75 million :unknw:

 

They used EBT's (employee benefit trusts) paying players for image rights & allsorts into an offshore trust, which attracts a fraction of the top rate tax in the UK.

 

Other Clubs have used this but not to the extent of Rangers. Arsenal settled out of court to the tune of around ?15m a few years ago.

 

If it was a faily small proportion of a players take home money, then it could be argued for I guess but Rangers ripped the arse out of it.

Guest Frandsen08
Posted

Her Majesty's finest asked that they be placed in admin meaning no protection from creditors.

Posted

It seems Craig White is a secured creditor whereas HMRC isn't, according to the Beeb.

 

If that's the case, he can fold the Club if HMRC won't play ball. He can then take control of all the assets, in leiu of the ?18m he is owed from Rangers. He would then set up again under a new Company name & HMRC would have to wait in line for next to nowt.

 

Even I have to say that isn't right if true.

Posted

I heard everton had jelevic for peanuts cause they still owed them 1.5 million for Micheal ball 10 yrs ago.

 

True. They only paid about ?5 Million of the ?6.5 million fee.

 

Word is we got Jelavic for as little as ?3 Million down.

Posted

Craig whyte new all along what his intensions were, they bought Lee Wallace for ?2m from hearts in the summer, if you owe the tax man that much money you don't go buying new players! And I wonder how much they still owe hearts? This could affect a lot of teams in Scotland who are owed money from rangers. How can this happen to club taking over a ?1m in gate receipts every other week? Craig whyte said there would be ?5m a season available for transfers when he took over, what a wanker!

Posted

Genuine question.. will rangers be forced to sell their best players by the administrator? If not then why not?

 

My understanding is taht the administrator has to run the club in the intrests of the creditors and as such would be looking to sell off the assests.

Posted

If they went bust and they ceased to exist, what'd happen to their players?

 

Theyd go back to working ont tills or move south of the border and join stockport county.

  • Site Supporter
Posted (edited)

 

 

Theyd go back to working ont tills or move south of the border and join stockport county.

 

I didn't realise they had any that were good enough.

Edited by Spider
Posted

It's sad to witness the demise of Rangers but the Murray and White knew exactly the risk they were taking. This may prove the final death knell for scottish football.Despite my allegiances to the Bhoys I really do feel sorry for the Rangers' fans as I know that could easily be us in 12 months

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