Rod McKenzie of law firm of law firm Harper MacLeod refused to discuss the liquidation of Rangers and the Five Way Agreement when he was called to the Court of Session today by Coral in their defence of non-payment of a 2,500/1 bet that the club from Ibrox would be relegated.
McKenzie did mention the dreaded L-word (Liquidation) which Coral’s representatives had danced around in the previous two days of the hearing.
In 2012 Harper MacLeod were called on by the SPL to produce a report into EBT payments made by Rangers from 1998 when the new league came into being.
With no explanation given the report they produced was from November 2000 which neatly sidestepped the Discount Option Schemes used to pay Tore Andre Flo and Ronald de Boer, those payments raised the wee tax case which Rangers finally admitted to and resulted in the £2.8m liability plus penalties that remained unpaid when the club went into liquidation.
McKenzie “Since 1989 Rangers operated two, we could call them, tax avoidance schemes,” he was asked to undertake investigation in 2012
— James Doleman (@jamesdoleman) January 19, 2017
Evert game that Flo and de Boer played in Rangers used an illegal tax scheme to reward the players- no punishment has ever been handed out.
McKenzie responded to one letter from the Scottish Football Monitor, when the anomoly of the de Boer and Flo cases was highlighted he failed to reply.
Today McKenzie didn’t want to give away too much that would compromise the continuation myth with James Doleman relaying the hearing via his twitter account.
McKenzie says he was the solicitor for the Scottish Premier league and advised them over the “administration and liquidation of Rangers FC
— James Doleman (@jamesdoleman) January 19, 2017
Counsel asks
“Was the football team called Rangers FC ever relegated from the SPL?”
McKenzie declines to answer as would involve…
1/2
— James Doleman (@jamesdoleman) January 19, 2017
..Him making a judgement on meaning of the word “relegation’
2/2
— James Doleman (@jamesdoleman) January 19, 2017
McKenzie says the SPL refused to recognise the transfer of the share from RFC to Sevco.
“It was a frankly bizzare situation” he adds
— James Doleman (@jamesdoleman) January 19, 2017
“The summer of 2012 was the busiest period of my professional life.”
Resolved by a contract, best known “the 5 way agreement” McKenzie
— James Doleman (@jamesdoleman) January 19, 2017
McKenzie declines to reveal whole 5 way agreement as much of it is “confidential’
— James Doleman (@jamesdoleman) January 19, 2017
McKenzie
“Sevco did not and had never owned a share in the SPL, also had no right to play in the league ”
— James Doleman (@jamesdoleman) January 19, 2017
