Looks like it could have an impact on many other clubs too though. The issue seems to arise from the way in which players wages were paid via trusts, thus avoiding taxes. HMRC are arguing that this was illegal and have demanded ~£50m unpaid taxes. If that position is upheld in court then I suspect lots of other clubs will then be pursued by the taxman.
The Scottish FA will never be to harsh like relegation or taking them out of serious title contenders for next season, half of scotland would revolt, its a vert strange mind set up here.
They won't be able to play in Europe next season if still in admin .
I wish that one of the other clubs outside the Old Firm could match Celtic because this could mean they have guarenteed Champions League football for the next three years because apparently Rangers have already promised three years season ticket money to their creditors.
This is a crisis for Scottish Football as a competition not that the duopoly of the Old Firm is much better.
Just another cynical administration by a British football club to run up unsustainable debts and then shaft their creditors including the great British public with a 49 million tax debt. Quite frankly football is a disgrace the way it conducts itself. Rangers will walk away unscathed.
If Rangers go down the toilet, Scottish football, WIll go into Meltdown, Celtic would be next, As the only reason Old firm fans get season tickets, Is for guaranteed tickets for the old firm game,
The whole business involving the recent acquisition of the club by Mr Whyte stinks on the face of it. He allegedly paid Mr Murray £1 to buy the club on the understanding, with £20m of borrowed money (against advanced season ticket sales), he would pay off £18m owed to Lloyds bank. Now surely the tax position would have been known at that time and only when the Scottish FA subsequently delved into Mr Whytes past following non filing of audited accounts did they discover that he had been suspended for seven years in 2000 from being the director of a limited company, did they then become concerned! What happenened to due dilligence or doesn't that apply north of the border?
I'm with ShootersHill on this one. I don't know how anyone can run up that sort of tax debt (owed to the rest of us) without doing it "on purpose". Law needs changing to protect the fans of clubs that behave with integrity.
This is just so typical, not of Scotish football, but of Scotland as a 'country.' Rack up huge debts without a thought or care of how to pay it off and when it gets to much just let the English tax payer sort it out.
August 2014 cant come quick enough as far as I'm concerned.
Comments
I wish that one of the other clubs outside the Old Firm could match Celtic because this could mean they have guarenteed Champions League football for the next three years because apparently Rangers have already promised three years season ticket money to their creditors.
This is a crisis for Scottish Football as a competition not that the duopoly of the Old Firm is much better.
No justice in football.
Lack of TV money aside, how can such a well supported brand make such a hash of it?
Close shave
http://forum.charltonlife.com/discussion/25036/glasgow-rangers-to-buy-controlling-stake-in-charlton/p1
Rack up huge debts without a thought or care of how to pay it off and when it gets to much
just let the English tax payer sort it out.
August 2014 cant come quick enough as far as I'm concerned.