Walter Smith

[skegsagypsy]

What has that got to do with the situation, what you need to ask is WHY did Rangers go into administration ? Answer.......Mounting Debts accrued during the reign of D Murray !
It's really that simple.

[SIMPLY THE BEST]

What has that got to do with the situation, what you need to ask is WHY did Rangers go into administration ? Answer.......Mounting Debts accrued during the reign of D Murray !
It's really that simple.

David Murray had got debts down year by year so i dunno where you are coming from about accrued debts every business accrues debts at some time and Rangers would i expect be no different and again the debts were coming down year by year and Murray was paying his way when he was in charge so to say he put them in admin and liquidation is frankly pretty lame.

[skegsagypsy]

Pretty lame pmsl

Who accrued the debt to HMRC ? Answer D Murray

Who was in charge when the EBTs were used ? Answer Murray

Who was at the helm when Rangers bought players the couldn't afford (Remember Flo ) Answer Murray

Who coined the phrase "For every five pounds Celtic spend, we will spend ten" Oh yeah our old friend Murray spending money he didn't have and could never possibly pay back.

Now all the clowns involved since are certainly tainted, but D Murray is ultimately responsible along with is board, and walked away with a pocket full of the old Rangers cash. But here's the caveat he thinks hes got away with it, nah.....watch this space

[skegsagypsy]

Lets not forget the 50 million Murray siphoned off during the share issue .

[SIMPLY THE BEST]

Pretty lame pmsl

Who accrued the debt to HMRC ? Answer D Murray

Who was in charge when the EBTs were used ? Answer Murray

Who was at the helm when Rangers bought players the couldn't afford (Remember Flo ) Answer Murray

Who coined the phrase "For every five pounds Celtic spend, we will spend ten" Oh yeah our old friend Murray spending money he didn't have and could never possibly pay back.

Now all the clowns involved since are certainly tainted, but D Murray is ultimately responsible along with is board, and walked away with a pocket full of the old Rangers cash. But here's the caveat he thinks hes got away with it, nah.....watch this space

Who was in charge when Rangers went into admin/liquidation ?

And how many times does this have to be said has Murray been taken to court and found Guilty of using EBT's in an illegal manner ?

When that has been proven then you may have a valid point but even then it's rather dubious as it's all down to the people you pay to advise you on business matters if they turn out to be incompetent then you live and learn

[skegsagypsy]

You can ask silly irrelevant questions until your blue (or green) in the face, but eventually you will have to face the facts.

"In 1999, the spiralling debt prompted the Bank of Scotland to secure a charge over Rangers' income and assets.

This "floating charge" would become hugely significant in the story of Rangers' takeover by Craig Whyte and eventual insolvency.

When Martin O'Neill's Celtic ended Advocaat's success in 2001, Rangers' debts were approaching ?50m.

It was around this time that Murray sanctioned the use of Employee Benefit Trusts (EBT) to minimise the club's tax liabilities for employees.

Essentially these meant that payments using EBTs did not incur tax and National Insurance contributions.

Tax strategy
The problem was, this tax strategy was intended to be used for non-contractual payments to employees.

The tax authorities would eventually argue that Rangers used the scheme to make contractual payments to players.

It would be 10 more years before this ticking time bomb went off, bringing with it the full force of a decade's worth of alleged underpayments and penalties.

[SIMPLY THE BEST]

You can ask silly irrelevant questions until your blue (or green) in the face, but eventually you will have to face the facts.

"In 1999, the spiralling debt prompted the Bank of Scotland to secure a charge over Rangers' income and assets.

This "floating charge" would become hugely significant in the story of Rangers' takeover by Craig Whyte and eventual insolvency.

When Martin O'Neill's Celtic ended Advocaat's success in 2001, Rangers' debts were approaching ?50m.

It was around this time that Murray sanctioned the use of Employee Benefit Trusts (EBT) to minimise the club's tax liabilities for employees.

Essentially these meant that payments using EBTs did not incur tax and National Insurance contributions.

Tax strategy
The problem was, this tax strategy was intended to be used for non-contractual payments to employees.

The tax authorities would eventually argue that Rangers used the scheme to make contractual payments to players.

It would be 10 more years before this ticking time bomb went off, bringing with it the full force of a decade's worth of alleged underpayments and penalties.

Well when i see it in black and white that Rangers or Murray were found to be knowingly using EBT's in an illegal manner then we will agree to disagree.

I find it rather dubious as well that HMRC allowed this to happen over the length of time they did so this raises questions about the HMRC as well and after letting vodafone away with billions of unpaid tax it makes you wonder the mindset of the HMRC.

[skegsagypsy]

Well when i see it in black and white that Rangers or Murray were found to be knowingly using EBT's in an illegal manner then we will agree to disagree.

Maybe you'll get a wee printed letter in the post to such effect, but I wouldn't hold my breath if I were you