Re: The death of Scottish football?
 

They used a loophole that was perfectly legal but seem to have run it in a way that left them open to action. Basically, and this may be incorrect as I'm no tax expert, they paid high earner wages into an offshore company from which the player could claim money from as a loan that never needed paid back. As it was a 'loan' there was a lower tax on the money than if it was a wage.

Rangers allegedly had this written into contracts as a wage or benefit rather than keeping it under the table.

If the tax case went our way then no bill but HMRC would appeal leaving another year or two of uncertainty. If it went against Rangers the bill plus penalties would be almost 18 months of turnover.

Whyte, who I believe has previous for this type of thing, seems to have come in with express intention of running up as much debt as possible by not paying anything, salting away money from player and ticket sales and now one of his pals is the receiver he'll phoenix the company and hope the other Scottish clubs accept the new Rangers into the league while the creditors for the old company (HMRC and the ticketing company mostly) can whistle for the cash. :mad:

Re: The death of Scottish football?
 

According to The Times (Paywall) they also owe £9 million from unpaid PAYE. That's not even a loophole, that's just basic tax.



---------- Post added at 09:52 ---------- Previous post was at 09:45 ----------

Found it: http://www.telegraph.co.uk/sport/foo...hts-deals.html

Re: The death of Scottish football?
 

Which is why I think Whyte has planned to fold the club from the very beginning. He's refused to pay anything until legal action was taken and the money coming in has vanished.

He has previous for it and it's a worrying time to be on the blue half of Glasgow.

Re: The death of Scottish football?
 

Yes he is an idiot. It's weird that he just waited for legal action. He said he knew it was a prospect the HRMC may come after them but it's pretty obvious since he wasn't paying PAYE! Talk about baiting the bear.

Re: The death of Scottish football?
 

IF Rangers goes bust what to the fans do, I now hell will freeze over before many would ever support Celtic?

Re: The death of Scottish football?
 

there hope a new rangers could be form but ti will be shadow of the one we see jus tnow

and they will have to play in the 3rd division and it unliekly ibrox would be there home and very unliekly they willg et the players they have jus tnow they will have to contend with 1st/2nd player quailty and maybe take years to get back to the premier league, as there be no point in spending loads and pay huge wages to get back quick to be in teh same boat as they are now pretty quick

but as i keep wondering and has been asked many times and it looks liek we all will find out is can scottish football truly survive without the big two as they bring the money to the game thorugh tv and sponsership wihtout them the tv deal sponship deal will fall thorugh

Re: The death of Scottish football?
 

If this rumour about forming a new club is true, under the ownership of the same people, then I hope the SPL reject any plans to let them in at the same level. That would be a blatant cheat.


Wouldn't that leave Ibrox in the hands of the creditors?

Re: The death of Scottish football?
 

whyte is the main creditor then hmrc, whyte has a plan though what it is atm is un clear but he does have something up is sleave though

i can't go into much detail on a public forum, so i'll leave it at that.

Re: The death of Scottish football?
 

it is simply to forma new club and buy the raners assests

then the old rangers folds as with it history but i think he being a bit naive if he think he can join teh spl with a new club as the rules stat you have to start in the lowest division that why they never get into england they have to start in teh blue square league and the money lost trying to get the pl would be to great, but in teh case hte money lsot try to to get toe spl will be to much as with the fact there might not be a pl the time they get there since with rangers gone tehre no tv money and sponership money will go and there a lot of club just suriving becaus f the tv money alone and will go bust liek rangers

Re: The death of Scottish football?
 

His plan seems to be running the most successful football club in the world into the ground whilst asset stripping The club and screwing creditors big and small.

He's either banking on the other Scottish clubs allowing a new Rangers to re-enter the SPL knowing the smaller teams rely on the games against them and Celtic or clinging to some fanciful notion he can merge Rangers with an English club (supporters of a certain club be very scared, I have it on good authority Mr Whyte is sniffing round a first division team right now) and try and take their place in the English league with a hybrid team.

Either way Rangers are screwed. If not illegally he's certainly acted immorally towards the employees and creditors and should never be allowed near any company ever again.

Re: The death of Scottish football?
 

https://twitter.com/#!/skysports_bry...75367242829825



---------- Post added at 22:43 ---------- Previous post was at 22:40 ----------

I have to say it all sounds very odd. Today there was a discussion that Rangers expected to be out of administration within the month. What's going on?

Re: The death of Scottish football?
 

Re: The death of Scottish football?
 

http://www.telegraph.co.uk/sport/foo...nevitable.html

players leaving...

Re: The death of Scottish football?
 

Here is what I think should happen to Scottish Football, the old firm should leave the SPL, either join the EPL or form a Atlantic League with the Major clubs of the Neatherlands, Belguim, Norway, Sweden, Denmark and Portugal

http://en.wikipedia.org/wiki/Atlantic_League_(football)

Re: The death of Scottish football?
 

they should join the EPL > http://www.cableforum.co.uk/board/88...c-rangers.html

Atlantic League is a bit too much, no thanks we've got Euro comps.