Sevco have issued a statement admitting that today’s Big Tax Case won’t have any impact on ‘our club’.
A day of despair for supporters of the Ibrox club kicked off with the Daily Record revelation that Dave King could be spending Christmas in jail for ignoring a court order preventing him from discussing the contract with Sports Direct.
Not long after the cornflakes had been finished news of £7.5m losses for the 2014/15 season were published with an acknowledgement that Sevco will require outside funding in December to keep the lights on.
As that news was being devoured it was announced that HMRC had won the big tax case relating to tax owed from the Employee Benefit Trust. Confirmation that the club currently in liquidation had cheated Her Majesty’s Revenue and Custom in order to deliver trophies as well as every club they played over nine seasons.
Rubbing salt in the open wounds the club website tonight announced: “WE WOULD like to correct some misleading information that has been circulating on what is described as the “Big Tax Case”.
“For the avoidance of doubt, Rangers have not lost the case. There is no question of any liability impacting on our Club, its history or any member of the Rangers International Football Club plc Group.
“The Rangers Football Club and the entities which currently own and manage it are not party to these proceedings nor do we have any say in what happens. The proceedings are a matter for those affected by them.
“We note that the assessments for tax which were the subject for appeal and which are referred to as the Big Tax Case relate to Murray Group Holdings Limited, Murray Group Management Limited, The Premier Group Property Limited, GM Mining Limited and RFC 2012 PLC (in liquidation).”
Next Thursday the legal bills will be mounting when the club explains the decision not to fund Charles Green’s legal fees in the Ibrox Fraud Case.
On the pitch Mark Warburton is expecting to complete a deal to sign John Eustace in time for Saturday’s match with Alloa Athletic.
We TIMS always knew the truth about THEM ! May they Rest In Pieces !
They are the cancer in scottish football and they need to be removed now they don’t intend to pay there way in any shape or form poor excuse off a football club…HAIL HAIL GOOD LUCK BHOYS FOR TONIGHT
Hahahahaha concentrate on molde ya plums. 54 and counting
I’ve let through another zombie zoomer for your amusement and to add to the quality of debate, some people blame the schools.
Outbreak