Gers reassure fans over tribunal

Rangers have moved to reassure supporters that the impending tax tribunal outcome will not affect the current Ibrox regime.

Last Updated: 30/10/12 at 18:57 Post Comment   

Ibrox: Impending tax tribunal outcome will not affect the current regime

Ibrox: Impending tax tribunal outcome will not affect the current regime

A ruling on the use of Employee Benefit Trusts throughout the first decade of the century at Ibrox is believed to be close but any sum due will only be added to the debt left when the original Rangers were consigned to liquidation.

A statement on the club's official website read: "There has been growing speculation recently that an announcement from the First Tier Tax tribunal is imminent.

"The club has no knowledge of when such an announcement will be made.

"However, the club as it now stands as part of The Rangers Football Club Ltd, has been informed by Her Majesty's Revenue and Customs that any decision by the First Tier Tax Tribunal will not affect the operations of The Rangers Football Club Ltd."

The statement added: "HMRC have recently reaffirmed this position to the club's tax advisers, Deloitte.

"The Rangers Football Club Ltd is a company free of external debt and all liabilities relating to 'oldco' are a matter for the administrators."


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