Quote:
Originally Posted by Derek
Oh really? 
How? They used a tax-avoidance strategy that was legal at the time and all their payments to players were announced in their annual accounts, unlike another side I could mention.
If the SFA are so convinced they breached the rules with contract payments then why did they not query it when the annual accounts showed higher payments than the contracts?
Although if you start asking that question you then have to ask why they didn't investigate Craig Whyte when there was mounting evidence he was a crook and why the SFA cannot afford to give cash to clubs when they are already withholding £2,000,000 of prize money that should have gone to Rangers for finishing 2nd last year.
You might even suggest that they are insolvent if even after getting a £2 mil windfall they can't pay their bills on time...  |
No. An interesting slant that ignores the actual facts of the case.
The EBT scheme was legal. The way that David Murray chose to run it was
illegal. He continued to misuse the scheme after he was advised not to.
An EBT could not be used for any contractual payment. Rangers used this extensively thereby turning a tax avoidance scheme into tax evasion.
I'm not sure that the SFA can be held responsible when they weren't privy to the full picture. They were informed of the contracts and were informed of the monies paid into an EBT scheme. They were not informed that the money paid by EBT was part of a separate contract or side letter.
The club that finished second in the SPL are currently undergoing the final stages of liquidation. Any monies due to them should be going to the creditors pot. I'm sure once BDO move in they might have a similar view. I suspect the SPL are aware of this which is why they're not splashing cash that may not be theirs.