williamalex1
Money List Winner
Whats the point of fineing old Rangers [ a liquidated company] £250000.00, seemingly the newco don't have to pay . 
old rangers fined £250000.
- Thread starter williamalex1
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Whats the point of fineing old Rangers [ a liquidated company] £250000.00, seemingly the newco don't have to pay . stevie_r
Tour Winner
Because they will, in all likelihood, take the fine from Rangers prize money for finishing 2nd last year which the SPL withheld
Val
Ryder Cup Winner
What's is the fine for exactly?
Tommo21
Tour Winner
Where is Dodger when you need him...............I can see him coming now, hang on lads. 
williamalex1
Money List Winner
Financial irregularities
bogside84
Assistant Pro
54 and counting.
stevie_r
Tour Winner
Is it odd that the tribunal decision was released today, the same day that the SPL accounts had to be lodged at Companies House? and that Doncaster is away on important business?
williamalex1
Money List Winner
That means the rest of the creditors will get less if there is £25000.00 less in the pot.
stevie_r
Tour Winner
I've since read that the deadline for making claims against the old company has passed anyway.
williamalex1
Money List Winner
As i said whats the point , most likely it cost that amount for Lord Nimmos 3 man panel.
Bomber Likes This:thup:
stevie_r
Tour Winner
the forum really does need a 'Like' button
I don't understand this?
If money is owed to the old co then the liquidators should be gunning for it to eventually disperse it if anything is left after they take their share.
A company (SPL) cannot hold money back even if its for a liquidated company, its rightly and legally theirs whatever the situation and would be shown as an asset as the SPL would be shown to be a debtor of that amount!
Val
Ryder Cup Winner
Val
Ryder Cup Winner
I should add that this makes no difference to anything, time to let go and move on.
stevie_r
Tour Winner
Is that the same as cheating
No, because they didn't.
They used a method of payment that whilst probably not morally correct was in fact judged to be legal at that time. You would have to be very naive to believe that Rangers are the only club to have used EBT's, Rangers were a test case - pure and simple.
As today's decision and report states 'Rangers FC did not gain any unfair competitive advantage from operating side-letter arrangements, nor did the non-disclosure have the effect that any of the registered players were ineligible to play, and for this and other reasons no sporting sanction or penalty should be imposed upon Rangers FC.
so no, there was no cheating.
Val
Ryder Cup Winner
So why the need to hide it then? They obviously knew something wasn't right.
The big question to ask and it would be hypothetical more than anything, would the players who received substantial sums tax free via EBT and undisclosed side letters have signed for Rangers had the financial benefits not been there?
If not then you could say that Rangers potentially did gain advantage.
This is a question that probably can't be answered accurately therefore the enquiry couldn't come to another conclusion to the one they did today.
As I said in an earlier post, this all needs put to bed and move on
T
thecraw
Guest
Most sensible post I've ever read when faced with more putrid crap involving the bigot brothers. Its history now, just like Celtic's checkered history. Leave it and move on with stuff on the field.
stevie_r
Tour Winner
Would the players have signed without the EBT cash? Possibly not, the payments took their net wages up to the level they expected in order to sign - But, as EBTs have been found to be legal and available to be utilised by every club then no, Rangers did not gain an unfair advantage by using them.
The side letters thing was just smoke and mirrors from the SPL/ SFA. Did Rangers gain a sporting advantage by not detailing EBT usage to the SPL, no, Lord Nimmo Smith made that quite clear in his report.
Expensive smoke and mirrors however given that the investigations/ tribunal probably cost a fortune (I'm sure QCs don't come cheap), the SPL have no sponsor for next season and Sky will not pay much for a deal at all, the viewing figures this year have been appalling which means a drop in advertising revenue for sky. There financials were lodged at companies house today and will be available to view tomorrow, I'm sure they will be interesting.
This enquiry stemmed from a refusal from Rangers to bow to blackmail on the issue of title stripping, let's not forget that Rangers had no alternative but to accept a transfer embargo, judged to be illegal in a court of law, or they would not have been playing football this season.
Time to move on indeed but I doubt many of the Rangers faithful will be happy to, they have memories that make elephants look positively forgetful
USER1999
Grand Slam Winner
Why do titles, and trophies matter any more? Surely the rangers is a new club, with no history etc, or there is no point to all the declaring bancrupcy etc. wasnt all the old silverware melted down to pay the creditors? If not, why not? It's a new club, nothing to do with the old one?
Confused?
Confused?
