Tag: Rangers

Rangers’ Transfer Window

Three types of ‘normality’ conflated in Scotland last month to construct a lunatic world; Glasgow’s football media, Rangers FC’s public relations (PR) operation and the parallel universes occupied by Rangers and non-Rangers supporters. It is public knowledge that Rangers need at least £7.2m additional funding to meet financial liabilities to July 2019 as they fall due, with the “first tranche” due last November. Chairman Dave King and independent auditors Campbell Dallas both said so, in Rangers International Football Club’s (RIFC) annual accounts, to June 2017. RIFC’s “forecast cash flows” assumed that “future transfer payables will be met by future...

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Rangers: And This Is Where The Story Really Begins

On Wednesday, the Scottish Professional Football League (SPFL) Board announced, undercover of “legal advice from eminent Senior Counsel Gerry Moynihan,” that Rangers would get away with their unlawful use of “EBTs (Employee Benefit Trusts) and other schemes.” Which had been confirmed three weeks earlier by the UK Supreme Court (SC). The SPFL had said they would “take time to examine the SC ‎judgement in detail and consider any implications for the SPFL.” But Moynihan’s advice was twenty months old, given in response to the November 2015 Court of Session ruling upheld by the SC. So, clearly (and wisely), the...

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The Rangers Tax Case: Then, Now & Forever

Between 2001 and 2010, Rangers FC participated in an Employee Benefit Trust (EBT) scheme, the “Murray Group Management Remuneration Trust (MGMRT). “So far as Rangers were concerned,” this scheme “enabled the Club to attract players who would not otherwise have been obtainable,” the “Murray” of the Murray Group, Rangers ex-chairman David, admitted to a “First-Tier Tax Tribunal” (FTT). On Wednesday, the Supreme Court declared that scheme unlawful. In February 2013, Lord William Nimmo-Smith reported on his Scottish Premier League (SPL)-commissioned investigation into Rangers’ alleged breaching of league rules in the operation of the now-unlawful scheme. The good Lord noted...

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Old Firm? Still “No Thanks”

OK. I laughed…and laughed when Celtic’s Mikael Lustig slalomed through Rangers’ traffic-cone defence and plonked a 20-yard effort into the corner of the net at Ibrox the other Saturday. And Celtic’s dominance of the two recent meetings with the post-liquidation Rangers has, not before time, reflected the gulf in class between the clubs, on-field and off. But I am as unenamoured with the “Old Firm” fixture as ever, thanks not only to fans’ behaviour but also Sky Sports’ continuing insanely unprofessional coverage of it. Whatever your views on Rangers’ existing after liquidation, the “Old Firm” itself, an alleged mutual...

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Rangers: Dave King – At It Again?

Last week, Rangers International Football Club (RIFC) chairman, Dave King, unilaterally decided, as he does, that regulations were for other people. His attitude, as it does, could land him in court. Yet, as they do, elements of Scotland’s Glasgow-based football media still consider him Rangers’ “best hope of salvation” and “still the right man to lead” them despite…EVERYTHING. Followers of football club takeovers know that if individuals or groups “acting in concert” exceed 30% ownership, they are obliged by the “City Code on Takeovers and Mergers” to offer to buy the remaining shareholding. The independent “Takeover Appeal Board” (TAB)...

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