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| Scottish champions could go into administration | |
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| Tweet Topic Started: May 17 2010, 05:37 PM (78 Views) | |
| Homer | May 17 2010, 05:37 PM Post #1 |
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I am the King
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Rangers could be forced into administration with debts as high as £80 million after being slapped with a £24m tax bill, reports The Scotsman. The fine, handed by HM Revenue & Customs after an investigation into offshore payments made to players during the past decade, coupled with interest of £12m, could reach up to £54m. Combined with Rangers' existing debt of around £30m those figures could leave the Gers drowning in monetary problems. An source from the club was quoted in the Scottish newspaper as saying: "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 £12m and £18m. This is a desperate situation." The club are expected to appeal in a process that could take a year. At the beginning of May property developer Andrew Ellis admitted that he was "optimistic" of completing a takeover of the club before the end of the month. |
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| erm307 | May 17 2010, 05:45 PM Post #2 |
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God
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Good. |
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| elcule | May 17 2010, 06:38 PM Post #3 |
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Kolo
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Why is that good erm? |
![]() Winner. "If I go to Anfield and someone puts the ball into the box and Carragher hammers it out of play the fans applaud. At Camp Nou you would never be applauded for that." - Xavi | |
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| Homer | May 17 2010, 11:42 PM Post #4 |
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I am the King
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Answer the god dam question Erm |
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| AntMcfc | May 17 2010, 11:46 PM Post #5 |
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POTY
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| Scholes | May 17 2010, 11:52 PM Post #6 |
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Nothing's as it seems
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| erm307 | May 17 2010, 11:59 PM Post #7 |
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God
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Sorry Homer. It's not really good. Never good to see a club going into administration. I just don't like Scottish football...it's shit. |
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2:33 PM Jul 11