Sevco Thread

[Old Wing Stand]

Alex Thompson on twitter

 

https://mobile.twitter.com/alextomo/tweets

[Tord31]

barry ferguson et al heading for bankruptcy? surely not in a position to pay the tax on

[vanderark14]

barry ferguson et al heading for bankruptcy? surely not in a position to pay the tax on

[strachanmcgheegoal]

Well at least we know why Rae was taken off at half time! This'll take more than an orange and a pull to sort!

[vanderark14]

http://forum.rangersmedia.co.uk/index.php?showtopic=242275

[tup]

Magic

[tup]

http://forum.rangersmedia.co.uk/index.php?showtopic=242275

 

Why are the sevconians saying there is no case to answer?

[Tord31]

you half wonder if all the delay with the tribunal was the judges going back to the drawing board and improvising for the greater good. Club off hook. Players must pay up.

[vanderark14]

Why are the sevconians saying there is no case to answer?

 

probably because the new club will not have to pay anything

[E-P-K]

Scotland correspondent for BBC News James Cook on Twitter: "Tribunal: 'payments are loans, not earnings, and so are recoverable from the employee or his estate.' Tribunal finds a loan scheme used by Rangers to reward some players and staff over nearly a decade was not in breach of tax law."

[tup]

So I wonder how some of these lads will feel about the huns and their glory years of 9 in a row when they get hit with the mother of all demands from HMRC?

 

Might taint the memories somewhat.

 

Basically, the huns duped their employees and left them wide open.

[E-P-K]

A tax tribunal has ruled that payments made to some Rangers players through trusts were loans and any bill is likely to be "substantially reduced" from the initial

[vanderark14]

Mikeyboy you have been quite accurate with everything so far.

 

Can you put whats happened in simple terms, as in are the ex hun players and directors fucked and did the hun bastards cheat?

 

what if an ex hun could show that the former club stated the money did not have to be paid back?

[tup]

It looks like they're off the hook basically, according to that.

 

However, they liquidated, so regardless of liability or otherwise, they are no longer Glasgow Rangers FC.

[vanderark14]

I really want Billy Dodds to be on sportsound tonight after his rant about the EBT's when this all began.

 

cough up doddsy, you owe hector a bucket load ye cunt.

[Henry]

http://www.financeandtaxtribunals.gov.uk/judgmentfiles/j6851/TC02372.pdf

[tup]

The whole thing reeks of a handshaker conspiracy.

[vanderark14]

http://www.financeandtaxtribunals.gov.uk/judgmentfiles/j6851/TC02372.pdf

 

79. Mr Scarlet gave a vivid account of what happened on the eve of the match and

how the agreement was reached.

[The Boofon]

I guess this means that dead rangers do have 54 titles and will remain so for evermore.

 

the the rangers remain at zero.

[E-P-K]

http://www.financean...851/TC02372.pdf

 

LOL

 

Like reading reservoir dogs, Mr Red / Green / Blue / Gold ? Crimson / Purple / etc / etc

[tup]

He has since formed a new club, now playing in the Scottish Football League Third Division.

 

Re Charles Green, by the BBC.

 

It's good to see that they are now referring to the liquidated club as 'Old Rangers' in their invective.

 

About time.

[Henry]

79. Mr Scarlet gave a vivid account of what happened on the eve of the match and

how the agreement was reached. 'I went on the training pitch'

[Henry]

He has since formed a new club, now playing in the Scottish Football League Third Division.

 

Re Charles Green, by the BBC.

 

It's good to see that they are now referring to the liquidated club as 'Old Rangers' in their invective.

 

About time.

 

Aye, until the match preview etc at the weekend, when we're back to plain old Rangers.

 

 

 

[Mikeyboy1903]

Mikeyboy you have been quite accurate with everything so far.

 

Can you put whats happened in simple terms, as in are the ex hun players and directors fucked and did the hun bastards cheat?

 

what if an ex hun could show that the former club stated the money did not have to be paid back?

 

 

None of the 3 people that were looking into the case could come to the conclusion, It seems that on separate issues the 3 of the couldn't even come to a decision ( From what I'm told )

There are Players and Directors that used it not to pay tax, Looks like the old club (deceased) wont be liable but all those who gained are about to be bummed royally by HMRC

 

 

"Rangers could have sought a ruling from the SFA or SPL about disclosure of side-letters but, clearly, they had chosen not to do so. There was a conscious decision to conceal their existence"......oops !

[vanderark14]

my understanding at the moment is that they didn't cheat with the use of EBT's but they might get fucked for the dual contracts still.

 

If it is the case that they did not cheat then it makes it even fucking funnier that they were flushed away

[vanderark14]

None of the 3 people that were looking into the case could come to the conclusion, It seems that on separate issues the 3 of the couldn't even come to a decision ( From what I'm told )

There are Players and Directors that used it not to pay tax, Looks like the old club (deceased) wont be liable but all those who gained are about to be bummed royally by HMRC

 

could they have avoided liquidation had they known this earlier?

 

please say yes

[tup]

I think they were fucked regardless of the outcome of this because their other liabilities were insurmountable.

[ridaligo]

The whole thing reeks of a handshaker conspiracy.

 

Unbelievable - how can that judgment be possible? What about the "side letters"?

[vanderark14]

Unbelievable - how can that judgment be possible? What about the "side letters"?

 

Rangers Tax Result Para 161 p38:

 

Side-letters, of course, had not been registered with the football authorities, the SFA and SPL. The spirit of their rules was that the whole contract terms should be registered. Suspiciously, no evidence was led as to who decided that the benefits in terms of the side-letters should not be registered. Non-registration of side-letters was incompatible with both authorities

[Mikeyboy1903]

could they have avoided liquidation had they known this earlier?

 

please say yes

 

 

Okay I'll say yes ... BUT

 

The club was losing a Million a month, Had debts that couldn't have been paid back, The bank was asking to recall money back in ... Basically they couldn't have survived anyway ......

 

ALSO

 

It begs the question.... Why did Murray do an offski as soon as he did !