RANGERRAB

As well as the SD contracts I can't help thinking the Puma deal is bad too. How much are we getting upfront as a 'royalty payment' ? AFAIK the yahoos are getting something like £5m or £6m from NB. For a team out of their depth in the EL. what do we get from Puma?

To strip titles there would need to be a mechanism for doing so such as a specific rule in the SPFL rule book which would allow them to do so. Is there one? Or set up a commission & hope it finds in their favour. It didn't the last time when they tried to go down this route with LNS hoping the EBT's would be considered to have given Rangers an unfair advantage. That failed when LNS said there had been no sporting advantage although he did say the EBT's should have been declared. To go down the route of trying to remove titles may prove rather tricky if they decide to do that. For starters Rangers didn't deliberately withhold tax.They thought the EBT scheme was exempt from tax and that may still be the case if an appeal to the Supreme Court is successful. Also HMRC didn't advise Rangers of the tax liability until nine years after the EBT scheme had been in operation.

I think it was him & his chums whom the club statement on Wednesday night was aimed at.

Does the SPFL have the funds to fight a legal battle over this? They didn't the last time.

The LNS investigation commissioned by the SPL had nothing to do with whether EBT's were taxable or not. Its remit was to determine the EBT's were effectively side contracts which should have been declared to the football authorities & whether they gave Rangers an unfair advantage. The outcome was that they should have been declared & Rangers got a fine of £250k which was passed to newco. It's still being disputed according to the AGM prospectus. The outcome also stated their was 'no sporting advantage' from these EBT's.

And no one knows exactly how much HMRC would settle for in lieu of tax on the EBT scheme owed do they? If you read the likes of the Daily Rebel all sorts of eye-watering figures were quoted. But did anyone in an official capacity confirm them? I think not & remember too Arsenal settled for something like £11m for theirs It needs to be remembered too that BDO successfully got 20 odd million from CB and you'd assume they'd get something similar from D&P if Clark & Whitehouse get convicted. That would leave a fairly decent creditor's pot with HMRC getting by far the lion's share. If it meant HMRC reached a settlement with BDO for the oldco's tax liabilities(both EBT & Whyte's non payment of PAYE/NI) how then would the frothing-at-the mouth,Rangers-hating social underclass in this country go about title-stripping agenda then? Tax would have been paid but perhaps not the amounts they'd been led to believe. This assumes though yesterday's verdict isn't challenged. FWIW I think it will be as you suggest Craig. I believe it'll go to the Supreme Court and will be overturned.

Yesterday's daft ruling will get overturned at the Supreme Court and the three bewigged buffoons should never see the inside of a Scottish Courtroom ever again

Rather than settle I think they will want this to go to the Supreme Court to get this daft 'common sense' judgement over-turned

We will not be allowed to move on. Our enemies will see to that. That is why today's bizarre judgement must be appealed at the Supreme Court. FWIW I was watching television earlier & a tax lawyer said this was the only EBT case HMRC had won. Interesting.

Who is this 'third party' ? Anyone know?

Could he do this?

Did he say that? EBT's were nothing to do with bonuses

The SFA/SPL had their chance & blew it. They should have waited til the BTC concluded

The SFA/SPL commissioned LNS to determine whether the EBT's were undisclosed contractual payments which were unfair. 'No sporting advantage' was his verdict. HMRC'S pursuit of the MIH EBT scheme was as regards to tax liabilities on it. Two completely separate issues

FWIW I don't think we've heard the last of this morning's totally bizarre judgement by there three clowns. Have they been got at by politicians ? Lord Carloway is Reid's pal isn't he?

The law is an ass. How can the CoS seriously over-rule previous judgements ? What new evidence was presented ? What was missed from previous judgements ? Can these three bewigged buffoons tells us where the previous judgments(FTTT & UTTT) were wrong? Or is today's judgement more to do with drawing a line under all of this to prevent the truth coming out who was behind all of this knowing RIFC 2012(i.e. BDO) not pursuing this further?

is this the Kenny Miller who hasn't scored for 2 months?

I see our chums at the Daily Rhebel at back to calling us a new club again. Either the pseudo-journalist is daft(which may be a distinct possibility) or he is mis-using his position to underline his Rangers-hating credentials. I've said before & I'll say it again - I do not understand how any so-called Rangers supporter, player, board member etc would want to have anything to do with this vile, Rangers-hating rhag. I despair whenever I hear of our people giving interviews with its pseudo-journos. Our board should seek an apology from this rhag & tell them they're barred from Ibrox until they do so but they probably won't. Hopefully it's circulation will continue to fall & it won't be around for too much longer.

Which is why those responsible within HMRC for wasting taxpayers money pursuing this phantom EBT tax bill must be named & shamed.

Since when did Dave King become 'Gers Boss' ???? Last I checked Mark Warburton was 'Gers Boss' and Dave King was Chairman. Keef's not very good at this journalist thing is he?

ER............what is P/E? How does Ashley get £9m ????

Why not ? If it transpired SD/MASH were signing contracts with individuals who'd fraudulently acquired a business.

Perhaps no immediate impact but if Green & Co are convicted couldn't that open a whole can of worms regards contracts that they negotiated ?

That's what I'm starting to think

And other contracts too. Is this what Ashley & others fear ? Could these contracts get annulled?