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Scottish Premier League News 2009/2010

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Captain Shamrock

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A good win for the Bhoys today......fully deserved and should have been up by 3 or 4 in the first half. Equally important was I had Celtic in a parlay with Barcelona(-2.5 goals) who scored a 90th minute goal to cover and win 4 - 1. :D
 

Buckfast

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Congratulation on the treble, Glasgow Rangers FC

- 53rd League Championship
- 26th League Cup
- Neil Lennon stays on

Cash or not, I like Rangers' chances of 3 in a row.

Oh the blue bells are blue.
 

Captain Shamrock

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It might be tough given there is a good chance there will be a 10 point deduction due to going into administration. :D

Let me find the article......it's a lot worse than you think, Bucky......
 

Captain Shamrock

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We've got a plan, if it doesn't work Rangers are FINISHED NOTW exclusive

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RANGERS chief executive Martin Bain has confessed the club is "FINISHED" if it fails to stick to a plan for drastic cuts.

The Ibrox supremo has been working round the clock to try to rescue the SPL champions from OBLIVION by slashing costs.

He's been forced to implement a strict budget-reduction package demanded by Lloyds bankers - and which his board voted narrowly to support last October.

But Bain told pals this week the Old Firm giants are teetering on the edge.

He is understood to have admitted: "We've got a plan. I think it will work. But if doesn't, Rangers are finished."

Last night a source close to the Gers chief said: "Martin is exhausted. He's a devoted Rangers man and he finds it difficult to leave the job behind.

"He has low moments when he looks at the whole picture. It's disheartening.

"More than anyone, he knows just how high the stakes are for the club."

Bain was HORRIFIED when the bank made their demand for massive cutbacks.

But Lloyds chiefs told him that if they didn't get their way they were prepared to put the club into ADMINISTRATION.

The Ibrox board eventually backed the bank's blueprint by five votes to four.

The severe cuts - aimed at tackling debts of £30million - will be enforced within weeks if no buyer is found for the club. It will see several leading players refused new contracts and others sold off.

English property developer Andrew Ellis has said he'll decide within weeks whether to bid £33m for the Glasgow side.

News of Bain's fears for the club comes as they face up to the prospect of being hit with a massive tax bill.

We were the first to reveal Revenue and Customs were investigating ten years of offshore payments to its stars.

Almost £50m was put into Employee Benefit Trusts which gave "loans" to top players at zero interest.

If the club is found to have breached complicated tax rules, it could be forced to pay around £24m in income tax and National Insurance payments - plus a fine, backdated interest and legal fees.

And we can reveal that some Rangers- daft tax officials have been left deeply upset by the prospect of inflicting more financial misery on their heroes.

An insider told us: "It's been emotional for a few guys. It's breaking their hearts to have to go after the team they love.

"Some pretty tough cookies have been close to TEARS doing the paperwork."

We informed a Rangers spokesman of our revelations on Friday afternoon. By time of publication he had declined the opportunity to comment. Our request to talk to Mr Bain was also turned down.
 

bulljive

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This just in Rangers and Celtic have been accepted into the MLS in 2013. No more league titles for these two.
 

cside17

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Slightly off topic:cool:

Celtic VS AC Milan July 17th Qwest stadium Seattle. Hot rumour out of Seattle this week.! Road trip:D

Celtic will also be playing in Boston a few days later. Apparently vs Rangers:eek:


Announcement iminent!


My physic abilities must be slipping:rolleyes:

I would have preferred the AC Milan game.
 

Captain Shamrock

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TAXMAN SENDS IBROX CLUB A BILL FOR £24MILLION

THE full extent of Rangers' horror cash crisis can today be laid bare by the News of the World.

We can reveal the taxman stunned the club this week by sending them a demand for £24MILLION.

But senior Ibrox figures fear that the final bill - if interest and penalties are added in - could top a massive £54m.

The SPL champions have already lodged an appeal against the decision, which could send their debts soaring to a colossal £80m.

Officials are worried the hammer blow from Her Majesty's Revenue and Customs could make the club UNSELLABLE - and even push them towards ADMINISTRATION.

A fire sale of Gers first team stars is already being contemplated to lower costs and raise desperately-needed funds.

It could see midfielder Steven Davis, 25, going to Aston Villa, defender Kirk Broadfoot, 25, being signed by Dundee United, Blackpool snapping up striker Nacho Novo, 31, and Lee McCulloch, 32, going to Hannover.

Midfielders Steven Naismith, 23, and Kevin Thomson, 25, may be sold to Derby and Middlesbrough respectively.

And it is expected that top scorer Kris Boyd, 26, will join Birmingham City while young defender Danny Wilson, 18, will head for Liverpool in a £3m deal.

But the impending player exodus could persuade manager Walter Smith, 62, (right) to quit the Old Firm giants this week.

He and assistant boss Ally McCoist, 47, are expected to clarify their futures within days, while coach Kenny McDowall, 46, has been tipped to take over as St Mirren boss.

Last night an Ibrox source told us: "'This tax bill is a catastrophe for us.

"We're already struggling to pay £30m we owe the bank. Another £50m could tip us in to the abyss of administration.'

"We've been hit with a £24m 'assessment' from the taxman. The implications are HORRIFYING. The interest could be £12m and there may also be a penalty element of between £12 and 18m. This is a desperate situation."

The Scottish News of the World was the first paper to reveal the taxman's probe into offshore payments made to Gers stars over the past 10 years.

It's claimed they received "loans" from Employee Benefit Trusts (EBTs) administered by the club's parent company Murray International Holdings, owned by Sir David Murray. The taxman has also launched probes into the use of EBTs by a number of top English clubs.

Rangers will now plead their case at a Tier One Tax Tribunal, and may then appeal to an Upper Tribunal.

A legal source explained: "The entire process could take a YEAR to run its course. But if Rangers lose their case, they will have to pay £24m, plus interest of around £12m.

"And in cases like this HMRC typically add a penalty of 50 to 75 per cent of the initial assessment, so potentially that could take the total to about £54m."

This week we put our explosive revelations to the Rangers chief executive Martin Bain.

We asked: "Did those in charge of Rangers IGNORE expert independent tax advice to avoid the use of Employee Benefit Trusts?"

Bain told us the Murray group handled all of this. He said the parent company had set up the EBT and that the Rangers EBT was a "sub trust". We also asked the Ibrox supremo: "Was this tax strategy of using EBTs restricted only to players at Rangers or did other employees benefit from this scheme?"

Bain told us "employees of the trust", not just players, benefited from this scheme.

When asked if HE had benefited from the trusts, Bain declined to comment. But later a senior Ibrox insider did not challenge our revelations that the club had been hit with a £24m bill from HMRC.

He confirmed: "The taxman has raised an assessment for the club."

Last week we revealed that Bain had told pals Rangers were FINISHED unless a secret plan he was hatching worked.

It is believed that the situation at Ibrox is now so dire that members of the under-19 squad have been told to prepare for first team action next season.

Our club source told us: "We have an academy approach to football. New talent is coming through the ranks."

Tax insiders believe the Scottish champs may choose to delay their case in the hope a new billionaire owner will stump up the cash to rescue them.

But it is feared the club could go BUST if their debts hit £80m - the figure Spanish giants Real Madrid paid to sign Cristiano Ronaldo from Manchester United last year.

But even that sum is dwarfed by the enormous £135m debts run up by English side Portsmouth, who lost 1-0 to Chelsea in yesterday's FA Cup final.

The Premiership side were relegated after being fined 10 points for going into administration.

A debt repayment plan has been approved which will see them pay back 20p for every £1 they owe.

English businessman Andrew Ellis is still mulling over a proposed takeover bid for Rangers.

But some business analysts reeckon it would suit a prospective buyer if the Ibrox club DID go into administration - so the new owner could pick up the club at a bargain price and start with ZERO debt and no outstanding tax bill.

Last night an Edinburgh-based accountant told us: "Rangers are in a tricky position. But they are such a massive club and a successful club, so that will help them.

"They just need the right recovery plan in place. Their next move is vital.

"Get it wrong, and the consequences could be massive for the club."

Last night Rangers winger DaMarcus Beasley, 28, told of his concerns about the Ibrox debt crisis. The American ace - who revealed this week via his TWITTER page that he was leaving the troubled Glasgow giants - said: "There is obviously a lot of talk about the financial problems at the club.

"Players hear about it just like everyone else and it is not a nice thing to be going on, especially for our fans who are always so loyal. They deserve more."


:D
 

trece verde

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Jeez, nothing like responsible journalism, is there?:rolleyes:

That said, and despite the rubbish that passes for journalism in auld Blighty, this is dire. Scots footy needs both halves of the auld firm to be viable; without both of the big Glasgow clubs, the future is in doubt...
 

Captain Shamrock

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Jeez, nothing like responsible journalism, is there?:rolleyes:

That said, and despite the rubbish that passes for journalism in auld Blighty, this is dire. Scots footy needs both halves of the auld firm to be viable; without both of the big Glasgow clubs, the future is in doubt...

Rubbish......Celtic do not need Rangers to survive......and do well
 

Captain Shamrock

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How do you define "doing well"? Annually qualifying for the Champions League prelims to get knocked out by Artmedia? Shoot for the stars, Big Man!

Yes, because Rangers over the years have always made Celtic a better team.....I will say it again.......Now, do you want to talk about recent qualifiers? Celtic does not need Rangers to survive and do well.......

Kuanas F.C.
 

heanjob

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Yes, because Rangers over the years have always made Celtic a better team.....I will say it again.......Now, do you want to talk about recent qualifiers? Celtic does not need Rangers to survive and do well.......

Kuanas F.C.

Agreed. Celtic football club is a sound business off the field. Worldwide appeal and their support would be welcome in Afghanistan.

As for Rangers being done. The tax issue is what I think any potential owner has been waiting to be exposed and then he or she will swoop in and save the day. God save the queen. God save Glasgow Rangers. Church of scotland has seen business soaring in the last 12 months. Belief is on the rise.

HJ
 

Buckfast

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Agreed. Celtic football club is a sound business off the field. Worldwide appeal and their support would be welcome in Afghanistan.

As for Rangers being done. The tax issue is what I think any potential owner has been waiting to be exposed and then he or she will swoop in and save the day. God save the queen. God save Glasgow Rangers. Church of scotland has seen business soaring in the last 12 months. Belief is on the rise.

HJ


The same goes for Rangers. Unfortunately, the league isnt played in Afghanistan you fcuking turnip. You couldnt fill Celtic Park the last half of the season because you were so far behind Rangers. Do you really think you'll fill the park with Dundee United as your closest opposition? Or will you make that up selling shirts in Pakistan with their latest and greatest soccer hero? And I can imagine the the tv revenues will be thru the roof, also. Get over yourself, please.
 

Buckfast

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Yes, because Rangers over the years have always made Celtic a better team.....I will say it again.......Now, do you want to talk about recent qualifiers? Celtic does not need Rangers to survive and do well.......

Kuanas F.C.

No one said you wouldnt survive. But doing well would be limited to the SPL, rest assured. Do you think talent required for your Champions League success (particularly away from Celtic Park. Tremendous stuff) would be clammering to Celtic sans Auld Firm. Really? No, really. All bitterness aside, your strong business acumen would suggest otherwise, no?
 
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