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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G

reat article. Hits the nail on the head. Encapsulates why I don't read tabloid newspapers anymore. The only thing worse is the 'told you so first' headline when they get lucky.

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amous. If that can be achieved whilst sitting in your pants and without any degree of hard work, all the better. I have no desire to be famous, but the rest of that line suits me just fine. Great article by the way, well worth the wait.

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Time To Burst The ITK Bubble

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here seems to be little focus on the performance of Besiktas. They played very well and stopped Arsenal from playing. Credit has to go to their manager. As much as Arsenal didn't play too well, we kept a clean sheet, but the home side made it very difficult.

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Chambers' Poise Impresses Again

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