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TRS - From Lord Nimmo Smith to William: Strange Takes on the SPL Commission


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It's astonishing how so many people have read the report but certain words just didn't sink in for them.

 

Bleat 1: "How can LNS possibly say Rangers didn't gain an advantage by using EBTS?" - Well, he didn't say that. He said the advantage gained was not unfair. i.e. The use of EBTs is legal and our board decided to implement them based on expert financial advice.

 

Bleat 2: "Rangers deliberately didn't disclose the details of the EBTs! That's cheating!" - Actually, LNS said the non-disclosure was deliberate but not dishonest. i.e. Our board didn't submit the paperwork relating to the EBTs because they genuinely, and with good reason, didn't believe they were required to.

 

Not unfair and not dishonest.

 

Or, to cancel out the double negatives:

 

FAIR and HONEST.

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