If the SFA know this Why are they penalizing our club.

[pete 2,499]

74. That in the course of the latter part of August 2011 Mr Ken Olverman was contacted by two senior officials of the Customs and Excise (VAT)division of HMRC. Their enquiry was in relation to invoices which had been discovered in the business records of Ticketus which bore to have been raised by Rangers FC. The invoices related to sums of many millions of pounds and the VAT element in each of them had been the subject of offset by Ticketus in the submission of its VAT returns for the last period. Such was the size and impact of this offset of VAT which had been paid by Ticketus in respect of these invoices,that Ticketus had made a claim for payment of a substantial sum to it by HMRC by way of recovery of VAT paid.

 

75. That Mr Ken Olverman, the Financial Controller of Rangers FC had noknowledge of the existence of the invoices purportedly raised by Rangers FC. The raising of such invoices was a matter which fell squarely within his sphere of responsibility and it was inconceivable that such invoices for such large sums could be raised and issued from the finance office of Rangers FC without his knowledge. He had no knowledge of any agreement with Ticketus which might give rise to any invoice within the period concerned. He was unaware of any current transaction with Ticketus and knew that no sums of money had been received in recent times from Ticketus into any accounts of Rangers FC.

 

76. That in the course of September 2011 Mr Ken Olverman had sight of the said invoices. The nature and format of the invoices was entirely different to that of invoices raised within the finance office of Rangers

FC. He was of the view that it appeared as though â??Clip Artâ? computer processes had been involved in their creation. They did not appear to him to resemble any invoices he had ever seen issued by Rangers FC. Having sight of the invoices confirmed his view even further that they had not been created within the finance office of Rangers FC.

[Zappa 0]

There's tons of stuff in that document that a good lawyer could use to rip the SFA to shreds pete. It's absolutely shocking to read a lot of the things contained in that. Anyone who reads the whole thing (and you can be sure the SFA CEO hasn't bothered) would come to the conclusion that we should be mildly punished, not severely.

[Zappa 0]

I'll add that Ally said in his press conference yesterday that he might not read the document from the SFA. Well, I suggest that you do Ally because it's a bit more important than some bullet points getting handed to you.