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Rangers have stated their intent to go into administration
PrincessFiona
Posts: 5,516
Just heard on sky
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I thought about it too, but the thought of all that filing put me off so I stayed in manufacturing.0
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they'll make it out, paying only a tiny amount of their debts and getting away with it... typical.0
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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.0
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Rangers will survive. They're needed up there.0
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After last week the taxman does not have a good record when it comes to taking people to court.0
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Do similar rules around points deductions apply up there?0
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Yes - minus 100
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there should be enforced relegation - what difference will 10 or 20 points deduction make0
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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.0
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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.0 -
Good the farce of 'image rights' for 99% of players is an absolute sham.0
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The only certainty is that Glasgow Rangers will be treated a damned sight more leniently than Berwick Rangers would be in a similar situation.
No justice in football.0 -
if they're put in admin and docked 10 points they'll still be 9 points clear of 3rd placed Motherwell. What a joke.0
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Sunday Football Club!0
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Scottish football - who cares0
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Certainly would hand the title to Celtic0
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Isn't it £50m owed to the tax man? very nice of the patriotic club to screw the country for that much0
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Hope McCoist gets another Sky job........my dish needs sorting out0
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Isn't it £50m owed to the tax man? very nice of the patriotic club to screw the country for that much
I'm pretty sure it wasn't done on purpose if that's what you're implying.0 -
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"Her Majesty's XI" knocks Her Majesty!
Lack of TV money aside, how can such a well supported brand make such a hash of it?
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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.0
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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,0
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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?0
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See Rangers have signed Daniel Cousin on loan, where did that money come from?0
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If rangers do cease to exist - that will be the final grain of soul dumped on the coffin of scottish football.0
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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.0
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and to think it was only a couple of years ago Rangers were trying to buy a stake in Charlton and take over our football league place.
Close shave
http://forum.charltonlife.com/discussion/25036/glasgow-rangers-to-buy-controlling-stake-in-charlton/p10 -
Something smells like a Scottish kipper0
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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.0
This discussion has been closed.
