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The end for Glasgow Rangers?

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1The end for Glasgow Rangers? Empty The end for Glasgow Rangers? on Mon Feb 13 2012, 17:03

Sluffy

Sluffy
Admin
It's a very complexed story but it is looking possible that Rangers (formed in 1873) will shortly no longer exist!

However it seems just as probable that a 'new' Rangers 2012 will be formed and immediately take there place (I think).

To cut a very long story - in the recent past Rangers paid their players in a way to avoid paying tax - the Taxman (HM Revenue and Customs (HMRC)) did think what they were doing was legal and are taking them to court for about £49 million - which the club simply doesn't have!

Like Bolton, the club is more or less owned by one man - so if the club loses in court and have to pay the £49 million, they will have to go into Administration - with £49 million owed to the taxman (don't forget the taxman means US who have to pay tax - who will now have that much extra taken from us if Rangers avoid paying it) and the clubs owner.

Football creditors get first call on the money left - so it will be the clubs owner who will be getting back most of his money.

The way this can be done is by the Administrator 'settling' the Administration in such a way that the club (the 1873 version) is left with no assets and the £49 million tax debt - and the 2012 version set up with the assets and no debt!

I'm not saying this WILL happen but if the 'new' Rangers can get permission to stay in the SPL in place of the 'old' Rangers - then it seems a logical thing for the owner to do!

Of course the owner can also use this scenario to negotiate a very much affordable deal with the taxman and no have to go to such extreme lengths.

The following link from the BBC explains things in a bit more detail -

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17015966

2The end for Glasgow Rangers? Empty Re: The end for Glasgow Rangers? on Mon Feb 13 2012, 18:25

bwfc71

bwfc71
Ivan Campo
Ivan Campo
But either way they will get points deduction, not quite sure what they will be in the SPL, thus Celtic will be Champions!!!

3The end for Glasgow Rangers? Empty Re: The end for Glasgow Rangers? on Mon Feb 13 2012, 19:06

Guest


Guest
stupid scotish wankers

i once dated a bird who was mad for rangers she was obsesed with having sex inside ibrox

4The end for Glasgow Rangers? Empty Re: The end for Glasgow Rangers? on Mon Feb 13 2012, 20:42

gloswhite

gloswhite
Jay Jay Okocha
Jay Jay Okocha
Ah ! but did she get it?

5The end for Glasgow Rangers? Empty Re: The end for Glasgow Rangers? on Tue Feb 14 2012, 12:25

aaron_bwfc

aaron_bwfc
Moderator
Moderator
If Rangers fold then so will scottish football as we know it.

None of the big players will go to a league where Celtic are the only team that stands a chance of winning anything.

Appologies if it's the same story but here is another link.

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17026172

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