yep i'm getting a bit bored with it too, doesn't mean i will ignore it tho.
Souness taking a £30k payment 10 years after he left rangers is big news, someone claims to have further proof of much larger payments, that is explosive news.
B Ferguson from rangers to Blackburn for £6.5m, went home 2 years later for £2m. Boumsong for £8m, 6 months earlier he could have had him for free (this is a hooky transfer if ever there was one). all in all he pumped about £30m English clubs money on overinflated fees into rangers - we now have allegations that he made massive amounts of money from rangers while not in their employ.
you don't care? Thommo is big news for you, Lennon going to the stand is big news, rangers robbing Scottish and English football is boring.
Last edited by unwantedguest; 06-04-2012 at 02:21 PM.
Barcabhoy says:
31/05/2012 at 9:28 am
7 0 Rate This
Lest we forget in all the recent drama, a key revelation in the BBC documentary was that Souness received £30k. He in fact received much more in both cash terms and in the number of payments made.
Maybe a journalist could ask, formerly media friendly and always available Souness, why he requested multiple loans from Rangers EBT scheme 10 years and more after he left their employment.
The protocol is as follows
1 that an employee, or ex employee , has to request a loan, with a reason for the loan being required.
2 the employer has to pass that request to the trustees
3 the employer will deposit funds in a sub trust if the trustees approve the loan
4 the funds are drawn down by the employee, or ex employee, once a loan agreement has been reached
The questions to be asked are
1 what was the reason for the loan. Was it almost as if a template was being used so that all loan requests were remarkably similar. Did everyone who was employed at Rangers really ALL need home improvement work
2 why would Rangers agree to pass on a request for a loan, knowing that
3 they would have to place funds into the sub trust to facilitate the loan. Now remember the loan is never paid back to Rangers , it is paid back to the trust……..except no loan ever has ever been repaid.
Why would any business pay huge sums (£48million) into a trust if there was no business benefit to them. The name gives the clue as to how it’s supposed to work EMPLOYEE benefit trust.
What was the business benefit that made Rangers and David Murray pay very large sums into a trust for the benefit of Souness?
We have already had Billy Dodds extremely helpful explanation of how it worked for him. The business benefit for Rangers is that they could pay a contractual amount without paying PAYE and NI. Now of course that is an abuse and in large measure why HMRC found the EBT scheme was improperly operated and send in the BTC bill.
But why pay Souness this way. He wasn’t an employee. He couldn’t have had a contract , as he was contracted to another professional football club at the time of his loans being approved. It is absolutely forbidden for individuals to have contracts in football with more than one club at a time.
So if he wasn’t contracted he could not have been providing a legal service to Rangers, which should not in any case have been paid via an EBT
So just what was the compelling request for loans (multiple) that enabled the trustees and Rangers to provide huge amounts of money to an individual who at the time was one of the highest paid individuals in the UK
Remember the order in the protocol , request , pass on, approve , fund , agree, draw down.
Why did David Murray agree to deposit huge amounts of money into a trust to benefit Souness ?
What was the business benefit? What did a very wealthy non contracted individual , who hadn’t worked at the club for 10 years , do to justify this largesse ?
Last edited by unwantedguest; 06-04-2012 at 04:29 PM.
it looks to me that they will be in there next season because of their delaying tactics. when we finally get round to the big tax case and **** hits the fan on all the other shady things that have gone on - i don't see how they can remain in the SPL.
i can't see how the SFA can postpone dealing with them before the new season starts and what i've been reading leads me to believe they will be suspended for 12 months. something Regan said, not exactly certain of the words but along the lines of 'leniency is out the window'
probably mute cos they are going to try and form a newclub when the CVA that they have designed to fail actually fails. whether they (newclub) get permission to play in SPL is anyone's guess.
brilliant, the clubs will get to deal with what remains after the SFA/FIFA suspend rangers.
what then?
seriously, the clubs have the least influence over this process (cva's/appeals etc etc) and by the time they get to vote on the new club entering the league it could all well be over for them.
Last edited by unwantedguest; 06-05-2012 at 03:22 PM.
