Over three tweets this morning James Doleman summed up everything about the wee tax case at Rangers (IL), the 2011 UEFA licence awarded by the SFA and the issue of Resolution 12 from the 2013 Celtic AGM.
While Celtic and others paid their taxes when they were due at Ibrox tax payments were optional.
Without the funds to compete with Celtic in 2000 David Murray and Campbell Ogilvie turned to a Discount Option Scheme to recruit Tore Andre Flo and Ronald de Boer.
As Murray admitted earlier at the Craig Whyte Fraud Case these schemes were used to sign players that they couldn’t normally afford.
A decade after de Boer and Flo had signed HMRC were looking for the tax due on their payment scams.
The impact of that issue is summed up perfectly.
Findlay on the small tax case “people were dithering”
Horne disagrees, says club didn’t have the funds to pay the £2.8m— James Doleman (@jamesdoleman) May 26, 2017
Horne RFC chairman Alistair Johnston wanted more spent on players to ensure season ticket sales, but Lloyds would not “support the strategy
— James Doleman (@jamesdoleman) May 26, 2017
Horne agrees as a solicitor he has a duty to inform a client if what they want to do is illegall
— James Doleman (@jamesdoleman) May 26, 2017
The trial of the former billionaire from Motherwell continues with one more witness due for the prosecution.
