Bar 72 - The Official Rangers FC Thread

Rangers were forced out of business so they didn't fold on their own. The Pacific Shelf takeover of Celtic should have seen them demoted as they are a new team

The club that was founded in 1888 never died, we just became a PLC in 1994 when Fergus McCann bought the club. The old club never folded and new one was never founded, which is what happened to Rangers this summer.

I don't know why you bother entertaining these morons, you just repeat yourself over and over and end up making no progress with them.

The club that was founded in 1888 never died, we just became a PLC in 1994 when Fergus McCann bought the club. The old club never folded and new one was never founded, which is what happened to Rangers this summer.

Thanks for the reply. I didn't understand it fully even after reading about it elsewhere.

Oldest derby? I can think of a lot more derbies that began before 2012.

Former Rangers Football Club wins Big Tax Case appeal

The former Rangers Football Club has won an appeal against a tax bill over its use of Employee Benefit Trusts.

The club, which is now in liquidation, used the scheme from 2001 to 2010 to make £47.65m in payments to players and staff in the form of tax-free loans.
HM Revenue and Customs had challenged the payments, arguing that they were illegal.

Rangers disputed the bill and a First Tier Tax Tribunal (FTT) has ruled the payments were loans that can be repaid.

In its ruling, which two judges endorsed, with one dissenting, the FTT concluded: "This was a lengthy appeal, heard over 29 days and set down over an extended period.

"There was extensive reference to documentary productions and relevant case-law. At a late stage in its deliberations it became clear that the tribunal would be unable to issue a unanimous decision. It is conscious of and regrets the consequent delay.

"The majority view reflects the argument that the controversial monies received by the employees were not paid to them as their absolute entitlement.

"The legal effect of the trust/loan structure is sufficient to preclude this. Thus the payments are loans, not earnings, and so are recoverable from the employee or his estate.

"The dissenting opinion adopts the approach set down by the decision of the House of Lords in Ramsay in 1981.

"By giving regard to the intentions of the parties entering the arrangements, and in the absence of commercial reality for the loan structure, the monies received by the employees via the trust constitute earnings for income tax purposes.

"At the request of parties, the tribunal agreed to anonymise the published form of the decision."

Old Rangers was under the control of Sir David Murray when it began using EBTs.

He sold the club for £1 to Scottish businessman Craig Whyte in 2011, while the tax liability was in dispute.

The FTT, before a judge, concluded in February, the same month as the old Rangers, now under the control of Mr Whyte, was forced into administration by HM Revenue and Customs (HMRC) over non-payment of tax totalling about £14m.

HMRC subsequently rejected proposals for a creditors agreement that would have allowed the old club to continue.

Administrators Duff and Phelps then negotiated a sale of assets to a consortium led by Charles Green for £5.5m.

He has since formed a new club, now playing in the Scottish Football League Third Division.

Rangers' Third Division match at Elgin City on Sunday has been postponed on safety grounds because the Borough Briggs club has sold about 1,100 tickets more than its 4,520 capacity.

Joke of a club tbh, I'd like to see 'Jim White' give his view on this EXTREME unprofessional ism of the new club he so dearly loves.

How the fuck did they manage that?

Rangers acting like children over this whole Dundee thing

Stupid bastards forgetting that they get 50% of the takings and will need to forego any money from the United fans otherwise they look like complete idiots.

Would they boycott a game with Celtic?