George Galloway has called on the government to reclaim the tax debts of Rangers from Sevco.
The Respect MP made an early day motion to parliament on the issue under the title of Rangers Tax Liabilities highlighting how the insolvency laws have been shown to be inadequate.
While much loved names like Woolworths and Northern Rock have disappeared from the high street Charles Green’s newco appear to be benefiting from the insolvency of the oldco without addressing any of the tax liabilities.
Galloway’s motion states: “That this House notes that the owners of the club now playing in the Scottish Third Division called Rangers claim that it is the same club with the same history as the liquidated club also known as Rangers; further notes that 14 million in VAT and PAYE was withheld in the run-up to administration by the previous Rangers; further notes that the club is now cash-rich through a share issue which raised in excess of 20 million; condemns the use of insolvency laws to avoid paying tax owed; and calls on the Government to take steps to reclaim the outstanding monies from Rangers and to bring forward legislative proposals to prevent clubs and companies sidestepping their liabilities through liquidation and then carrying on trading with effectively the same name and in exactly the same business
.”
Green apparently was able to buy Murray Park and Ibrox for a knock down £5.5m fee despite recent valuations putting the assets in the region of £80-100m.
Rather than put the assets of the club up for public auction to get the best deal for creditors administrators Duff & Phelps agreed a cut price deal with Green.
At a recent supporters meeting at Ibrox it was claimed that Duff & Phelps had contacted Green about becoming involved at three other football clubs.
This is actually perfect timing! Just before the enquiry into double contracts.
I was hoping for GG to be let loose in this, he’ll tear Chico to bits!!
This is far from finished and the least that will happen is the different club issue will be proved. One of the reasons Chico has kinda admitted they are a New Club (although stopped short of saying it). Is when he says he purchased trophies.
More ice cream soon.
Lime ice cream & vanilla jelly time
GG go get them let the truth prevail.
That’s all Scottish Football wants, no more lies that and a wee apology.
Maybe a liquidation 2 (the sequel)
The Fact of the matter IS They have been Liquidated!The fact of the matter IS they are not the same team! The Gullible fans like their gullible manager can call their New team whatever name they Like, George knows, there,s no chance of Hector receiving any cash from a club that don,t exist. but Hector WILL persue individual shysters,that,s for sure. The SFA are the ones who can rectify their claims as to being the same Club as last season, But the MSM. are not willing to pressure the colluding SFA. Who,s silence on Sevcos Status smells horribly like the Copeland road end, All will be revealed shortly, looking forward to them OFFICIALLY Dying!
2 days since my post no MSM has reported GG motion or am I wrong?
HH
Typical msm like all sevconians burying their head in the sand HH
Other good scottish mps could have put name to this motion to give geo support to scared to upset the voters will not name and shame but you sould be ashamed hailhail