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| Quote frepneyboy="frepneyboy"My post was mostly aimed in response to Rugby Raider who suggested money was held by a club which should be tax and used for example int he transfer market.
I agree with you, the EBT or offshore payments is an old thing, like the Ltd company thing too, check Gazzas - inc 1988.
At some point HMRC was going to go after the cash in football, quite rightly so.'"
Thanks frepneyboy, bit of a financial minefield.
Obvioulsy businesses exploit as many loopholes as they can, it just seems wrong that is they end up being liable for tax that they escape via Adminsitration, only to wipe the slate clean and start again with the same regime, as would appear the case with Rangers intentions. |
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| Quote Rugby Raider="Rugby Raider" it just seems wrong that is they end up being liable for tax that they escape via Adminsitration, only to wipe the slate clean and start again with the same regime, as would appear the case with Rangers intentions.'"
It is wrong, the crown has since been removed as a preferential creditor and very often with these "failed" companies that ressurect themselves the crown is the major looser.
I dont know who owns Ibrox, and sadly its not in prime London real estate but I have a feeling the owner who put them in admin will have a pre pack lined up ready to go and Ibrox will be bought for a song |
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I see Salford are confident of paying their 5 figure bill!?!?!?
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| Quote Standee="Standee"I see Salford are confident of paying their 5 figure bill!?!?!?'"
Probably not an EBT, more likely a VAT or PAYE or a NIC bill/determination |
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Apparently Rangers debt problems started to snowball after they appointed Dick Advocaat.
Edit - courtesy of Ian Stone on Twitter @iandstone
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| Quote Chris28="Chris28"Apparently Rangers debt problems started to snowball after they appointed Dick Advocaat.'"
Badum-tish.
Love a Snerberl. |
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| Quote Chris28="Chris28"Apparently Rangers debt problems started to snowball after they appointed Dick Advocaat.'"
You could at least have the decency to credit the originator on twitter  |
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| Quote cod'ead="cod'ead"You could at least have the decency to credit the originator on twitter
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True. Will edit... |
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article on yahoo saying a few premier league clubs headed the same way as rangers due to EBT bill, hope sl clubs aren't in too deep.
except maybe Rovers.
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Heard on the radio today,what has four legs and more money than Rangers?
Answer,Harry Redknapp`s dog.
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a financial 'expert' on 5 live this morning seemed to hint that clubs with high profile foreign stars could be facing higher tax bills than others, and that these debts could go back a fair way in time. hmrc like a lot of other bodies is facing a bit of a squeeze at the moment, and they are now going after sports clubs big time.
by the way for whoever asked rangers own their ground, and also a trainig complex in a sought after part of glasgow (yes there is such a thing) - they are listed as the clubs main assets, above the players
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| Quote the artist="the artist"
by the way for whoever asked rangers own their ground, and also a trainig complex in a sought after part of glasgow (yes there is such a thing) - they are listed as the clubs main assets, above the players'"
Interesting point, bet the crown wont see owt to do with the land then, it'll be ferrited away.
And the administrators, they have just found a big fat machine that prints lots of crisp new bits of paper that lets them buy expensive cars and watches and invest in property abroad |
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