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Rangers chief Charles Green needs reminding of how his club became 'debt free'


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At the time, that £4m was easily manageable. The small HMRC thing of £20m - if you are correct - was a farce. I can't remember what the original PAYE/VAT bill was, but I'm almost sure that more than 50% of that £20m was in notional levies. That's all a murky area where we would love to enlightened. Some stories say that CW offered repayment terms but was knocked back. I don't necessarily believe that. If CW was using PAYE/VAT to run the business, it's a criminal offence. I really find this part of the saga confusing, and would love some clarity. I don't see it being forthcoming from HMRC, it certainly wasn't from CW, and it certainly wasn't from D&P.

 

no levies no penalties just unpaid tax.

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It's crass in the extreme to boast about being cash rich and debt free, when our own support lost thousands after the demise of the old company. Charlie and some of our support would do well to remember this. It wasnt just nasty HMRC that got bumped.

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As already mentioned, most of the small creditors are likely getting plenty of more business out of the club now.

 

Bugger being 'crass', we've been punished enough without being gagged as well.

 

My point was about the old shareholders, not small creditors, who may or may not get used again. Some Bears lost thousands, and were left holding a worthless piece of paper that they probably hoped to pass on to their children etc. They should have been given "free" shares in the new company, in my opinion or a free season book at least.

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