All things come to he who waits.

The first post of the day about rangers finances is by a Gers fan

That big crowd last night will have helped.

"That big crowd last night will have helped."

[RINGFENCED]

Are Sally & Durrant 'ring-fenced'

Its starting to look like the League trophy is "RINGFENCED" for another year as well Zico

I see where you're coming from OP, I do.

I'd rather have success on the pitch aswell.

But what you aren't getting is that there is now a real chance that you're club could go out of business. It is a slim chance, but a chance.
This wasn't the case in previous years.

It's looking more and more likely that you will be going into administration, if not this year then next year.

Not taking any joy in saying this, but is your head honestly that buried in the sand?

"but is your head honestly that buried in the sand?"

Evidently

cue the bears coming on here telling us they are now 10 points clear, so many trophies....zzzzz...means nothing when you have no club,

wrap that blankie tightly now bears...gonna get a lot colder...

oh...have you paid your heating bill this year?

Kerrydale accountant speak:
1)there is now a real chance that you're(your) club could go out of business

which then becomes

2) It is a slim chance but a chance

which then becomes

3) Its looking more and more likely that you will be going into administration, if not this year then next year

Not taking any joy in saying this but reading it back you see how stupid you sound?

"Q: What did they do?

A: Let's deal with the biggest bill first.

Between 2001 and 2010, Rangers paid almost £48m into an Employee Benefit Trust (EBT). A trust is a legal creation that enables somebody to own an asset on behalf of somebody else. The first person is the trustee and the second is the beneficiary. Company pension schemes are a common example of a trust.

With EBTs, an employer pays money into a trust and that money is paid out to the beneficiaries in the form of loans. These loans are not subject to income tax or National Insurance. In fact, most of these trusts are based in offshore tax havens so they are hardly taxed at all.

Anyway, these loans are a bit like the ones you would offer a hard-up friend on a night out - here's £20, pay me back when you can but I'm not going to remember this so don't worry about it. Here, however, is the heart of HMRC's case.

For an EBT to stay on the right side of the avoidance/evasion line, these payments cannot be made on a contractual basis, as that would make them wages and therefore subject to the usual deductions. So they should, on occasion, be postponed and even refused by the trustee, who is, in theory, acting independently of the employer anyway.

HMRC says Rangers' EBT did not work like this and was, for all intents and purposes, a tax scam. It also says it has proof of this in the form of documents and emails between Ibrox's top brass and players' agents. So, last year, an angry taxman hit Rangers with a bill for £35m in unpaid tax and interest and £14m in penalties.

Rangers, already in debt to their banker and other creditors to the tune of almost £30m, denied the accusation of tax evasion and went to a tribunal in October to argue their case.

That hearing lasted for two weeks but when no decision was reached it was rescheduled for a further three weeks this spring. Again, no decision came and a final tribunal hearing will take place in November"

Zico the last paragraph sums it up 2 attempts to prove tax evasion but seems its only tax avoidance!

Stop the muckraking bhoys

"Zico the last paragraph sums it up 2 attempts to prove tax evasion but seems its only tax avoidance!"
===
The Court will decide.

Having been unable to decide on 2 occassions thus far!

"Having been unable to decide on 2 occassions thus far!"

Third time lucky

Zico - youve tried that line last season howd that work out for you?

comment by Zico [onepoint618] (U9501)
posted 1 hour, 21 minutes ago
All things come to he who waits.

"We have no problems at Ibrox it's all a mudraking exercise. We blame Chick Young and Neil Lennon for it all."

When a Rangers Legend quits after 50 years with the club he loves then something is definitely amiss

Is that the same Chick Young that's shares Myth's & Minty's erchies

When a Rangers Legend quits after 50 years with the club he loves then something is definitely amiss

you would think so; unless your an ostrich of course..

Could be worse your "legend" could be coming out wi pash like this:

“Celtic have been suffering referee injustices against Rangers for 50 years,” . “I felt that way as a player, during two spells as manager and now as a spectator"

or this

SHOCKED Atletico Madrid last night vowed to take their fury out on Neil Lennon's men after Celtic legend Billy McNeill branded them sc-um.

When a Rangers Legend quits after 50 years with the club he loves then something is definitely amiss
-------------------------------
Or maybe Craig Whyte wants his own men on the board. It is hardly unusual for a new chairman of a company to oversee a clear out, it also isn't unusual for those departing to be bitter about it.

Remember the guys who are being punted are part of the reason we needed bailed out in the first place. Can't say I'm that sad to see them go.

I feel sorry for Greig as he is a legend but if he's become a passenger and Whyte doesn't have much use for him, so be it. At the end of the day Craig Whyte is the reason we are no longer answering to a bank, have actually kept players we would have sold in previous seasons and has renewed some contracts we wouldn't have afforded previously.

I may be wrong but I'm happy to support our owner through a bit more than this.

db...

Or Whytie could be cost cutting because,he might feel you might lose the tax case

At the end of the day Craig Whyte is the reason we are no longer answering to a bank

*****************************

Correct you now answer to the Government