Quote:
Originally Posted by Alan Fry
Lord Sugar said that to stop the tolarence of footballs debt problems, it would take a major club to shut down, will this be case?
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No. Rangers debt problems were never that bad until the EBT thing reared its head. They had an amount well under their annual turnover (unlike say Hearts...) which was slowly being reduced. Having banks removing facilities due to the ongoing tax issues and a quite possibly crooked new owner who scammed the club from a previous owner didn't help issues.
IF the tribunal goes against Rangers then a number of other teams are in line for a kicking from the taxman that makes Rangers £49 million look like spare change.