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I can't possibly see now how there will be another enquiry into stripping Rangers of titles etc when the MD of The Rangers has just been elected onto the SPFL board. It now seems every other team (including Hibs) are now burying their head in the sand and hoping the issue just goes away. It's a pity no one in the media has the ba**s to take on the establishment.
For years there was just one guy publishing the truth about corruption in FIFA while the media and our sporting authorities largely ignored it.
Justice had it's day eventually and Sepp Blatter and his mob were taken down.
Tick tock
The annoying thing is ... had the media been doing it's job properly, they would be interviewing a whole string of knowledgable lawyers on the matter - at least giving the public some insight to where the problem might exist. As it is, the west coast media's inaction and silence is deafening as it is shameful.
In bankruptcy law, I believe the limit is 5 years.
IMO, it's good planning on his part. He (or his advisers) could see the way the wind was blowing in the Eclipse situation. He'd lost a lot of money, and HMRC were on his case (and that of many others).
He'll have to hope that his marriage is rock solid, though :greengrin
It says five in the article for bankrupcy yet the rule is seven years to avoid your parents home being sold to pay for care charges. Money is obviously more important than people in the eyes of the Law, which we already knew tbh.
That said he transferred ownership shortly before Rangers went into admin which, depending on the timing, may have been a few short months. And then managed to prevent himself going bankrupt till after the supreme court hearing. Spooky or what?
In a divorce situation, not that I would wish that on him, I am pretty sure his lawyers would be arguing quite vociferously that he contributed significantly to the upkeep and maintenace of the property and is due a settlement to reflect this.
People are making the (understandable) leap in assuming that this is to do with the EBT situation. It's much more to do with Eclipse.
At the time of the asset transfer, he wouldn't have known that RFC were about to go into admin; much less, he couldn't have known how the EBT case would turn out. Indeed, the legislation that MIGHT trap him for the EBT tax wasn't proposed until this year's Budget, and still isn't law.
This was about shielding him from tax from the Eclipse business. As things turned out, it was one of his better financial decisions. :rolleyes:
Full press release here https://spfl.co.uk/news/article/spfl-press-release-84/
Quote:
The first possible complaint relates to failure to disclose the full range of payments when players were registered. That complaint was ‘prosecuted’ before the LNS Commission. The decision of the Commission was subject to certain limitations. Principally, it proceeded on the assumption that the EBT scheme was lawful. Secondly, there has been some suggestion that the Commission had an incomplete understanding of the full range of undisclosed payments (though this has not been demonstrated). Notwithstanding these limitations, it is now too late to appeal the decision of the LNS Commission; and, applying the general principle of finality in litigation, it is not possible for the SPFL to bring a new or second complaint in respect of essentially the same matter
Read more at https://spfl.co.uk/news/article/spfl...DRwMwcGmTzK.99
From the Whyte trial it would appear that those in the know accepted that an admin event was possible, if not probable, and had been pushing water uphill for quite a while. Rangers were being investigated by HMRC and were "obstructive, unhelpful and evasive" in that investigation into Rangers player payments, of which Ferguson was a major beneficiary, and an admin event could have meant that Rangers would lose control over the flow of information. HMRC have been chaing these payments and others , Celtic being one, complied. Rangers did not or could not. It is not hugely speculative to suggest this would have been the source of discussion amongst those it might affect.
I know nothing about Eclipse or the timescale of the "investments". Was this the same one Billy Dodds mentioned when confronted with the payment recieved to leave Rangers and did not question?
That said speculation and assumptions which show Old Rangers and their loyal servants in a less than honest light is something that I, sadly, find quite gratifying. Like reminding Yams that they bumped the Poppy fund.
Facts??? :na na:
Ferguson likely wouldn't have known about the impending administration. If he did, it would have been a side-issue in his life at the time. The Eclipse issue would have been much more important.
Here's one article that will tell you something about Eclipse:-
https://www.aol.co.uk/money/2016/12/...at-went-wrong/
Hundreds of footballers invested in this. IIRC, Darren Jackson and Denis Viola (BF's agent?) have both been bankrupted as a result.
Why does the SPFL need legal power to determine if Rangers gained an unfair advantage? Surely this is all internal.
Will the SPFL need to take legal advice every time it thinks about enforcing its own rules? Or will they only do it when they've already decided they don't want to enforce them?