And Big Jock.
Printable View
If anyone is looking for a good investment opportunity, I'm setting up a scheme that will buy off-licences in wee towns up and down Scotland. I am confident that I'll get them cheap and then reap the benefits when the Hun hordes descend on these sleepy hamlets to watch RFC2 in their titanic struggle through the leagues.
:cb
As I understand things the use of EBT was supposed to apply for overseas earnings. The likes of t-shirts with pictures of the player sold in the Far East. It was never supposed to cover for earnings in the UK. The first clubs to use EBTs such as Chelsea could have some sort of a case but Rangers do not have a hope. I Personally do not see replica shirts with 'Kyle Lafferty' on the back selling well very in Singapore or Hong Kong. As for t-shirts with an image of Ally McCoist on the front, these would only fit Sumo Wrestlers!
HMRC are putting a public image of being open to suggestions and flexible as they have to be. However I suspect they would regard the liquidation of Rangers as a major win 'pour encourager les autres'. Rangers were once regarded as the richest club, not just in Scotland but in the UK. They would be massive coup for HMRC and would send a message to the Portsmouth's of this world that tax has to be paid.
A client of mine, in property in the UK, told me recently that, some years ago, they had a meeting with "a friend of a friend who was involved with Rangers" who could "save them a lot of tax". The substance of the meeting, they now realise, was to sell them the benefits of an EBT. Thankfully, they took the view that "if it seems too good to be true, it probably is", and rejected the sales pitch.
How many, though, took that route?
No problem, Deborah.
Duncan is backing me. He has offered to have one of his security guard companies looking after each of the various premises as the occasion demands.
Meanwhile, his ice cream van business is doing very well following the smeltic fans around the country.
Perhaps the gang of 10 are planning to force the SFL and SPL to merge quicker than planned (or more simply shutdown the SPL) with the agreement to drop down into an SFL with a better distribution of any funds from sponsorship or tv rights. :dunno:
I get the feeling that the Tache and his fellow tight-fisted chairmen are sick of the duopoly in the SPL and want to see things change pronto, and that doesn't mean bending over backwards to help RFC out of the position they have got themselves into.
Send the remnants to the bottom of the third division!
I see that Caley Thistle are saying that RFC have paid them £25k out of £40k outstanding.
Suggests to me even wholesale players cuts at 75% will not balance the cash flow.:devil:
It appears to me that the usual suspects are trying to create their own version of reality, which will no doubt convince the knuckle dragging majority who follow that manky mob. However, to anyone with even a modicum of intelect it is clear that Castle Greyskull's foundations are excedingly shaky
You are confusing EBTs with the marketing of image rights and how earnings from such rights are taxed on players who are not domiciled in the UK. In brief a foreign player could claim that any income arising from his name / image abroad was not income earned in the UK thus was not taxable here.
EBTs are a widespread device used across the board and claim to ensure that monies lent to individuals through various offshore trusts do not attract tax. HMRC beg to differ!:agree:
I don't disagree with your take on the message that HMRC would sent to "les autres" :greengrin
http://forum.rangersmedia.co.uk/inde...ntry1059852010
This is new. Tickets behind the Blue Knights?
One of the conditions I thought PM would attach to his/the consortium deal was a guarantee about the Ticketus deal being avoided. As I said earlier, there's no way the admins could give such a guarantee.
However, this is a new twist. Get into bed with one of the flies in the ointment, to mix a couple of metaphors.
If it works, the only other major condition PM would ask for is that the deal is subject to the BTC going RFC's way.
I think.
I'm getting the impression that the demands this Paul Murray is making is on the basis of being a Rangers supporter and wanting the best team on the park during administration. False hope and promises on the basis that the team isn't sold and they can still compete with Celtc for their two remaining games.
:dunno:
If he's really interested in the business is he wanting a company that is going to bleed him out of £3m of his own cash during the close season??
Exactly.
I get the impression that this (if true) is desperation from Ticketus who must be genuinely worried that they are close to getting "bumped" for £24m.
By being a major shareholder in any "new" Rangers it gives them a fighting chance of ensuring that they'll get their season ticket contract honoured.
I wish that Rod would hurry up and get on to Ticketus to get some of this free cash while it is still going.
It seems a bit of a knee-jerk reaction, though.
They are an investment company. They know that investment in football clubs rarely works. They have their own little niche, which works, but this is different.
Other than protecting their £24m., I am not sure what is in this for them. And how much are they putting in to protect that investment?
As an aside, my gut is reminding me that one of the Ticketus directors is the owner of Close Finance, who have the famous "pie security" at Ibrox. I am not sure if this is significant... it's Friday afternoon, my brain is fried.