After painfully sifting through millions of the documents that make up the Paradise Papers BBC Scotland have been presented with a real life football scandal on a plate.
Mark Daly and his team can put other matters on hold and take a look at New Oasis Asset Limited.
Although the state broadcaster has yet to comment on the accounts that Sevco published on Friday night they will be well aware that NOAL is the vehicle used by Dave King to invest in Sevco.
New Oasis Asset Limited
Largest shareholder and debt holder in Rangers
Registered in the BVI @bbckennymac @BBCSportsound @BBCMarkDaly
— Barcabhoy (@Barcabhoy1) November 8, 2017
Has Sportsound even given 5 seconds coverage on the use of an offshore tax haven in Rangers ownership ( or any clubs ownership)
— Barcabhoy (@Barcabhoy1) November 8, 2017
Anyone doorstepped David Murray at any time in the last 10 years over the hundreds of £Millions lost to the UK due to his failed activities
— Barcabhoy (@Barcabhoy1) November 8, 2017
Because all of these are football related and should be of interest to Sportsound.
Of course they don’t involve Celtic, so best avoided
— Barcabhoy (@Barcabhoy1) November 8, 2017
According to auditors Campbell Dallas, NOAL are going to provide Sevco with a £4m loan this month to keep the lights on. Last month King’s QC told the Court of Session in Edinburgh that the South African based criminal was penniless.
The British Virgin Isles is a popular and unquestioning location for individuals to bury money in with the territory living off it’s lax tax laws.
As a big hint towards the likely outcome of matters at Ibrox BBC Scotland will be well aware that Craig Whyte’s Liberty Capital were also registered in the BVI.
