The Banter Years received an overnight boost as The Times claimed that there had been an error of ‘upto £50m’ in the way that HMRC calculated The Big Tax Case relating to disguised remuneration paid to employees of the old Rangers club.
The report was quickly picked up on by The Sun and the Daily Record which has taken the tall tale to a much bigger audience with The Times regularly selected for sympathetic Ibrox stories.
It appears that the source of the story was a report from BDO to creditors in which £26m has been reduced from the bill with the possibility that the figure could rise to £50. The figure could also rise to £27m or £150m!
Not much is required to set off the notion that the old club was the cynical victim of a worldwide conspiracy when the facts are that the club brought in players that they couldn’t afford in a bid to stay competitive with Celtic who paid Her Majesty in full and on time while losing trophies and prize money to their former city rivals.
Had supporters got together in the same way as Motherwell, Livingston, Dundee and Hearts organised themselves a CVA could have been put together allowing the club to survive and live within their means.
BREAKING! HMRC in dock over Rangers tax casehttps://t.co/4DhxAjR8e2
— Daily Record Sport (@Record_Sport) November 13, 2019
It wasn’t the big tax case that force administration ? pic.twitter.com/CcmVJPlSt1
— CelticRebel (@cfcdmg1888) November 14, 2019
— Red Hill Labour Bolingoli ?? (@redhillmining67) November 14, 2019
— Tunes (@sscfctunes) November 13, 2019
If BDO raised this in their report 5 months ago, why is it “breaking news” now?
— Gordon (@Stormtrooper73) November 14, 2019
Haha a report in the Times. This is a beautiful development
— The Hustler (@advisor_hustler) November 14, 2019
— Carnabas Bollins (@Clarrknulp) November 14, 2019
Seems a big deal over a holding company.
— BuckfastBhoy9InARow (@BuckfastBhoy9) November 14, 2019
Oh well too bad too sad never mind.
— David McDonald (@Davidmcd316) November 14, 2019
Indeed. The new club’s been lying for 7 years ?
— Innisfree arts? Seán Ó Laighin (@InnisfreeArts) November 14, 2019