The Glasgow Rangers Situation (1 Viewer)

EleanorRigby · Feb 13, 2012

I remember listening to a discussion a few weeks ago on 5 live and there was some finance boffin talking about the Rangers thing and i am sure he said if the taxman wins this case and i'm assuming he has then a number of top clubs in England will be very concerned. It seems a number clubs have used this off-shore account fiddle to shall i say cook their books, the domino effect may well be interesting.

kapowaz · Feb 13, 2012

I just found a very interesting article which explains what Rangers are accused of doing. It appears they have decided to no longer fight the accusation off and so will be liable to pay a lot of taxes plus a massive fine.

What I find really interesting is this suggestion that the practice of using EBTs might be more widespread, with other English clubs? That may mean other scalps, but from the sounds of things Rangers incriminated themselves with a paper trail that more or less proves they were using the EBT scheme as a tax dodge. Other clubs may have done the same but been more careful. We shall see.

Brighton Sky Blue · Feb 14, 2012

EleanorRigby said:
I remember listening to a discussion a few weeks ago on 5 live and there was some finance boffin talking about the Rangers thing and i am sure he said if the taxman wins this case and i'm assuming he has then a number of top clubs in England will be very concerned. It seems a number clubs have used this off-shore account fiddle to shall i say cook their books, the domino effect may well be interesting.

If Rangers fold Celtic would find themselves struggling not too long afterwards-and with the Old Firm gone, or even half of it, Scottish football would be well and truly up the creek. Having spent a few years up there (and going back for more later on), I'd say there's simply no chance of the powers that be letting Rangers go tits up. Administration possibly, but out of existence? They're just too important to the SPL and SFA to go that way.

OyJimmy · Feb 14, 2012

Brighton Sky Blue said:
If Rangers fold Celtic would find themselves struggling not too long afterwards-and with the Old Firm gone, or even half of it, Scottish football would be well and truly up the creek. Having spent a few years up there (and going back for more later on), I'd say there's simply no chance of the powers that be letting Rangers go tits up. Administration possibly, but out of existence? They're just too important to the SPL and SFA to go that way.

Liquidation would have to happen if thats what hmrc go for but I suspect the SFA will try to find a way out for them. Either that or I would be concerned that an English club may get taken over by a reformed Rangers....

mark82 · Feb 14, 2012

OyJimmy said:
Liquidation would have to happen if thats what hmrc go for but I suspect the SFA will try to find a way out for them. Either that or I would be concerned that an English club may get taken over by a reformed Rangers....

Maybe that is what Hoffman is organising :thinking about:

idris65 · Feb 14, 2012

mark82 said:
Maybe that is what Hoffman is organising :thinking about:

Either way we'll be in a mickey mouse league.:laugh:

Brighton Sky Blue · Feb 15, 2012

OyJimmy said:
Liquidation would have to happen if thats what hmrc go for but I suspect the SFA will try to find a way out for them. Either that or I would be concerned that an English club may get taken over by a reformed Rangers....

The most likely idea seems to be that Rangers will reform to leave the current Rangers FC to be wound up; that way, Craig Whyte has no liabilities to HMRC, who stand to lose tens of millions of pounds. Money which could otherwise have gone back to the taxpayer.

We'll_live_and_die · Feb 15, 2012

I think they would have to integrate the english and scottish leagues, in a similar way to including a couple of welsh teams.

Brighton Sky Blue · Feb 15, 2012

La_Lucha said:
I think they would have to integrate the english and scottish leagues, in a similar way to including a couple of welsh teams.

I don't think many folk fancy the prospect of a Tuesday night away trip to Inverness

We'll_live_and_die · Feb 15, 2012

Nor do people from Plymouth fancy a Tuesday night trip to Carlisle.

ccfcway · Feb 15, 2012

i dont fancy any trip to Yoevil or Crawley

Nick · Feb 15, 2012

La_Lucha said:
Nor do people from Plymouth fancy a Tuesday night trip to Carlisle.

Good job they are in different leagues then

Brighton Sky Blue · Feb 15, 2012

La_Lucha said:
Nor do people from Plymouth fancy a Tuesday night trip to Carlisle.

Plymouth fans have a long way to go to most away days in all fairness-but Inverness is a stretch even by Cumbrian standards.

The Glasgow Rangers Situation (1 Viewer)

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