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  #61  
Old 13-02-2012, 07:01 PM
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Despite my Scottish roots, I try to avoid Scottish football because of the Rangers-Celtic sectarian nonsense. However, I can't feel glad about a club going into admin.
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  #62  
Old 13-02-2012, 07:24 PM
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Originally Posted by thefox
How much more than £50 million is it ?
SkySportsNews Sky Sports News

Rangers owner Craig Whyte tells SSN that the club's tax bill could potentially reach £75m
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  #63  
Old 13-02-2012, 07:26 PM
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  #64  
Old 13-02-2012, 07:30 PM
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Just been tweeted, the tax bill is likley to be £75m !!!
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  #65  
Old 13-02-2012, 07:46 PM
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Originally Posted by Pistol Knight
Just been tweeted, the tax bill is likley to be £75m !!!
How can any business be allowed to run up a tax bill that large, that can not be just 1 years unpaid tax if tbat was an individual they would have been in court years ago

It sicken's me that in this age of cuts that they have been allowed to get away with non payment of tax, how many teachers, soliders etc would that fund. They should be forced to play in the lowest league in Scotland until the've paid all the Tax back.

And that lot day they are loyal to the crown, my arse they are.
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  #66  
Old 13-02-2012, 07:52 PM
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  #67  
Old 13-02-2012, 07:53 PM
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  #68  
Old 13-02-2012, 08:01 PM
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Private Eye has more or less had a regular column devoted to Rangers (with occasional pieces about Portsmouth) for about a year foretelling this event. It's been a long time coming, and this Whyte geezer seems to have made a right pig's arse of running the club.

I feel a bit guilty for feeling this, but having lived in Glasgow for most of the last few years I find it hard to have any sympathy for the fans. The same would go for Celtic if it were to happen to them. Don't like them very much either.
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  #69  
Old 13-02-2012, 08:08 PM
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Quote:
Originally Posted by civil eagle
How can any business be allowed to run up a tax bill that large, that can not be just 1 years unpaid tax if tbat was an individual they would have been in court years ago

It sicken's me that in this age of cuts that they have been allowed to get away with non payment of tax, how many teachers, soliders etc would that fund. They should be forced to play in the lowest league in Scotland until the've paid all the Tax back.

And that lot day they are loyal to the crown, my arse they are.
They haven't been allowed to run up the bill, as such. What happened is that Rangers used a tax wheeze to try and avoid tax on players' salaries, but H.M.R.C. believes that they misused it, and therefore owe about a decade's worth of back taxes. Consequently the Revenue have begun proceedings to get a legal ruling, which will either land Rangers with a massive tax bill, or let them off.
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  #70  
Old 13-02-2012, 08:10 PM
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Quote:
Originally Posted by Random*
Does anyone know what his actual worth is?

I've seen it quoted that he is a 'Billionaire'. Everything I've seen and heard makes me think he's nothing like that and has gone in over his head, like Goldberg.

He also seems to have combined that with the cash borrowing instincts of Jordan - selling 4 years worth of season ticket revenue up front in a bid to stabilise the clubs finances.

There are similarities with Goldberg. They don't own the training ground as it still belongs to Murray and they pay rent on it. They do however own Ibrox, or the Govan Tesco as Celtic fans now call it, as that's what will be in it's place in two years.
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  #71  
Old 13-02-2012, 08:13 PM
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Quote:
Originally Posted by DANGERMOUSE
They haven't been allowed to run up the bill, as such. What happened is that Rangers used a tax wheeze to try and avoid tax on players' salaries, but H.M.R.C. believes that they misused it, and therefore owe about a decade's worth of back taxes. Consequently the Revenue have begun proceedings to get a legal ruling, which will either land Rangers with a massive tax bill, or let them off.
I presume they believe themselves to be guilty otherwise why put themselves into administration, or say they are going to put themselves into it. If they didn't believe they owed the money I presume they would be OK
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  #72  
Old 13-02-2012, 08:16 PM
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Quote:
Originally Posted by Gosling
Private Eye has more or less had a regular column devoted to Rangers (with occasional pieces about Portsmouth) for about a year foretelling this event. It's been a long time coming, and this Whyte geezer seems to have made a right pig's arse of running the club.

I feel a bit guilty for feeling this, but having lived in Glasgow for most of the last few years I find it hard to have any sympathy for the fans. The same would go for Celtic if it were to happen to them. Don't like them very much either.
You poor, poor sod.
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  #73  
Old 13-02-2012, 08:17 PM
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Quote:
Originally Posted by PalaceBhoy
There are similarities with Goldberg. They don't own the training ground as it still belongs to Murray and they pay rent on it. They do however own Ibrox, or the Govan Tesco as Celtic fans now call it, as that's what will be in it's place in two years.
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  #74  
Old 13-02-2012, 08:19 PM
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Looks like Leo Messi & Neil from The Inbetweeners.
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Old 13-02-2012, 08:20 PM
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Looks like Leo Messi & Neil from The Inbetweeners.

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  #76  
Old 13-02-2012, 08:21 PM
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Just been tweeted, the tax bill is likley to be £75m !!!
Pay up Craig.
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Last edited by PalaceBhoy; 26-01-2013 at 05:29 PM.
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  #77  
Old 13-02-2012, 08:22 PM
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So how come Celtic aren't in a similar predicament?
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  #78  
Old 13-02-2012, 08:24 PM
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Old 13-02-2012, 08:25 PM
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At least we know where Dougie WON'T be going.
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Old 13-02-2012, 08:41 PM
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OK these are the financial statements as at 30 June 2010. However see note 6 and 8. £70m to HMRC doesn't make a whole heap of sense based upon these numbers even if payments into EBTs are completely disallowed.

Last edited by JDawg; 13-02-2012 at 08:43 PM.
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