Launch of SFSA Fans’ Survey

Avatar By

Looks like Bazza had taken further tax advice – as …

Comment on Launch of SFSA Fans’ Survey by StevieBC.

Looks like Bazza had taken further tax advice – as I’m sure most of the UK-based EBT recipients will have done likewise, as they had plenty of time to transfer assets into wife’s name, or offshore.

Absolutely expected, and absolutely despicable – and from an ex-Rangers and Scotland captain as well.

Extracted from The Sun today.
BARRY’S TRANSFER 
Rangers hero Barry Ferguson transferred luxury mansion into wife’s name six years before bankruptcy
The ex-Scotland captain, who has gone bust with debts of more than 1.4 million, gifted his joint share in the house to wife MargaretBy Stuart MacDonald25th July 2017, 1:12 pmFORMER Rangers star Barry Ferguson transferred his luxury mansion into his wife’s name six years before his bankruptcy, it has emerged.
The ex-Scotland captain, who has gone bust with debts of more than 1.4 million, gifted his joint share in the house to wife Margaret.
Barry Ferguson transferred his luxury mansion into his wife’s name six years before his bankruptcyTheir home is a gated property near Larkhall, Lanarkshire, which the couple bought for £1.2 million in 2003.
Property records show Mrs Ferguson, 39, became the sole owner in November, 2011, when the footballer handed over his interest in the home for ‘love, favour and affection’.
The move means the house is likely to be out of reach to creditors who Ferguson, 39, owes money to.
Under bankruptcy laws, an asset which has been transferred more than five years before the date a person is made bankrupt cannot be used to pay off their debts.
Ferguson applied for his own bankruptcy after running up debts of £1,425,633 and it was approved by the Accountant In Bankruptcy, Scotland’s insolvency service, earlier this month.
He declared that he has only £3,000 worth of assets available to help pay off his creditors.
 Ferguson also gave up all his company directorships in firms which he ran with his wife before his money woes became public.
He resigned as a director from an investment company, a nursery business and a media firm during 2013 and 2014 but Mrs Ferguson remains involved in them all.
Ferguson is one of a number of former Ibrox stars who faced paying back money they had received in Employee Benefit Trusts (EBTs) after Rangers lost a battle with HMRC at the Supreme Court earlier this month.
The former midfielder, who recently stepped down as manager of Clyde, received £2.5 million in EBT payments
He also invested in a film production partnership called Eclipse which has targeted by HMRC after being ruled to be a tax avoidance scheme.

Ferguson was previously listed as a director with Eclipse Film Partners No.9, a scheme which allowed investors the opportunity to claim tax relief through investing in the production of movies
In April last year, the Supreme Court upheld a judgement that one of the biggest partnerships, Eclipse 35, was a tax-avoidance scheme.
HMRC has used that judgement to issue demands to investors, who include several footballers and managers, in the other 38 similar partnerships.
The so-called Rangers ‘big tax case’ centred on the use of EBTs. More than £47million was paid to players, managers and directors between 2001 and 2010 in tax-free loans.
Earlier this month judges found that ‘loans’ paid to players and staff were in fact taxable earnings, in a decision that brought to a close legal proceedings that have dragged on for years.
HMRC said the ruling proved the EBT scheme was ‘contrived’ in that it presented payments as ‘loans’ rather than earnings, amounting to ‘tax avoidance’.
A bankruptcy trustee, Maureen Leslie of Glasgow-based insolvency specialists MLM Solutions, has been appointed to take control of Ferguson’s assets and try to recover money owed to creditors.
She said she did not comment on individual cases.
A spokesman for HMRC said: “We do not comment on identifiable taxpayers.”
Ferguson was unavailable for comment.”
===============================

StevieBC Also Commented

Launch of SFSA Fans’ Survey
Quote from the TRFC MD, Stewart Robertson.

“…
”Rangers is a modern, balanced and fair football club. It is crucial all fans appreciate they are representing an institution that has been in existence for 145 years and it is their duty to enhance and protect its reputation…”
https://rangers.co.uk/news/headlines/follow-with-pride-6/
==========================================

Think Pedro must have slipped him some altar wine into the MD’s coffee… 15


Launch of SFSA Fans’ Survey
Unintended consequences and all that…

If crowdfunding is initiated for a JR, then the expectation is that fans from many / most [?] senior clubs would contribute.  Who knows, even some TRFC supporters might contribute, but for different reasons ?

And this coming together for a common cause could generate more goodwill amongst the fans of all clubs…but it could also further entrench the division between TRFC fans and everyone else.

The SFA, SPFL, and the clubs want us all just ‘to move on’ for the good of the game.

Yet their continued inaction has forced this proposed JR as possibly the last resort before a fans’ boycott.

When will the penny drop amongst the Hampden blazers that ‘moving on’ requires input from themselves?
They can’t simply instruct the fans to forget everything that has happened in recent years.

Alternatively, frustrated fans could choose to help themselves to ‘move on’ by supporting a JR.

And regardless of what does or doesn’t happen: TRFC will always be a negative influence on the Scottish game, IMO, and there’s b*gger all we can do about that, [self-inflicted liquidation aside]. 


Launch of SFSA Fans’ Survey
BIG PINK
AUGUST 3, 2017 at 10:39

As a rule of thumb, the roof trusses are only capable of holding the sarking and tiles. In modern kit houses, even the joists in the roof are barely capable of taking even the load of flimsy flooring. This subject to a safety factor of 1.4-1.6….
=============================

BP, that roofing info went right over ma heid !

…I’ll get my hi vis jacket…  14


Recent Comments by StevieBC

It Is Better To Offer No Excuse Than A Bad One
Just a wild idea…

But, what if King declared himself bankrupt?
[Well in a court recently, he did claim he was ‘penniless’].

Of course anyone who knows of the glib and shameless one would assume King would have assets hidden, or in his wife’s name – a la wee Bazza?

Would bankruptcy effectively kill off the TOP sanctions?

At this point it seems that King’s reputation is ruined in Scotland – and with the bears and even with the SMSM?

King’s time is up playing charades as ‘the Rangers saviour’, and he must – you would think – be thinking about preserving his remaining wealth as he approaches retirement…?  09


It Is Better To Offer No Excuse Than A Bad One
Mibbees after 20 years of failure, the national team and the SFA don’t deserve a dedicated, national stadium?

And Hampden is simply not worth keeping as a football venue for mainly sentimental reasons, IMO.


It Is Better To Offer No Excuse Than A Bad One
CO, I think Phil’s scoop about the manner of Nicholl’s appointment deserves a: Wow Just Wow!
It displays how dysfunctional the management structure at Ibrox has become, and you would think, it is a massive red flag.
[Apart from having no cash.]

I also have my fingers and toes crossed that in 2018 my £20 bet on TRFC finishes bottom 6 comes in – with the help of an Admin. event.

[Thanks to fellow Bampots for the tip: interestingly Sky wouldn’t accept a £50 bet for a 150/1 long shot…]


It Is Better To Offer No Excuse Than A Bad One
All the best for 2018 Bampots!

And just have to add this headline from the esteemed DR, so it must be true;

“Bluenoses out of joint as Rangers pub to be turned into gay sauna’s bar”

Couldn’t possibly comment on the article…but a couple of sentences did jump out as sounding familiar;

“…Annie Millers was one of Glasgow’s most hardcore Rangers haunts and it was a real shock for a lot of fans when it closed last year.
A lot of drinkers were hoping that someone might rescue the pub so it could reopen as it was before. This definitely won’t happen now…

09


It Is Better To Offer No Excuse Than A Bad One
Guessing it’s quiet as the Bampots have been out watching the footy…or getting dragged around the shops by their better half for the sales ?!

Wife told me last night about the Dembele ‘sale’.
Immediate reaction was that it was nonsense from the SMSM.

There ‘could’ be some truth in it: e.g. an off-the-record tip from either CFC or Dembele’s agent, perhaps to simply instigate a bidding war ?

But, my initial reaction to any big story is to always doubt the SMSM’s veracity: the lamb munchers were exposed a long time ago…and it’s a surprise that the DR in particular is still on sale in hard copy format. 

If he is sold for X millions, how will the SMSM / Level42 spin that as ‘bad news’ for CFC…and bad for Scottish football ?  22


About the author

Avatar