The Case for a New SFA.

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Some interesting chatter on Twitter this evening, predictions of black …

Comment on The Case for a New SFA. by Long Time Lurker.

Some interesting chatter on Twitter this evening, predictions of black clouds heading for Ibrox on Friday, and predictably there are Rangers fans who are responding in kind, with denial.
I do not believe that Friday will be a monumental day in the long running saga. It will be good to understand when the case will reach Court, I hope that during the proceedings a trial date will be confirmed.
I must admit, I am surprised that things have reachaed this stage. The Court case will bring much welcome sunlight on events. Sunlight is a good disinfectant.
Whatever happens, I hope this is the start of something good: I hope that Rangers can get a clean break – and this time, this is used to build a clean club, free of past baggage, that plays football, a board that put the interests and development of the club first, a sustainable business model and not least SFA that treat all clubs equally, according to the rules, without fear or favour.
Every time I come on SFM and Rangers Tax Case before, there was always something new to learn, and points of view to digest. It may take some time yet, but hopefully in the not to distant future, talk will increasingly turn from company law, taxation, alleged criminality and focus on the game. However, first due process must run its course in the Courts, and if/where there has been wrong doing, this must be addressed. Let the sun shine.

Long Time Lurker Also Commented

The Case for a New SFA.
John Clark 16th October 2015 at 10:41 pm #

John, no updates, all vague – reporting restrictions etc.


The Case for a New SFA.
Earlier this evening, I was speculating as to why pleas in Court proceedings could be withheld from reporting.
My thought was along the lines, if x people are charged with an offence and one or more of that group were to plead guilty, with the others entering not guilty pleas, then this could present difficulties. as a potential jury could then form the view on guilt or innocence.
Can anyone shed light on precedents for pleas being withheld from public reports? I understand from the media reports that no pleas were returned in proceedings at the High Court today.


The Case for a New SFA.
John Clark 15th October 2015 at 12:24 am #
John, well put – we cannot forget the genesis of the issues.
I think that the proceedings that are in train are the first domino to fall, outwith the FTTT.
HMRC and BDO are not going to go away, we still have the EBT appeal and BDO’s report – both of which could open other doors.


Recent Comments by Long Time Lurker

Peace – Not War
Have Rangers met the UEFA criteria to play in Europe re established sets of audited accounts etc.?


Peace – Not War
Just a theory.
What if HMRC have sent demands to EBT recipients. Presumably the holders of side letters will be looking to the [ahem] club to make good any taxes due.
Now, if the club does not have the means to honour the side letters – could we be about to see confirmation from EBT holders and/or the Club, that the Club has died?


Peace – Not War
An interesting tweet from @Barcabhoy this afternoon.

Barcabhoy ‏@Barcabhoy1 4h4 hours ago Barcabhoy Retweeted Barcabhoy
Now been seen by 130,000 people. The reason why the @Record_Sport rushed out an old non event story will be evident soon.


Accountability, Transparency, & Brave Sir Robin
Overdue VAT from Q1 and Q2.
Stadia roof issues appear have reached critical point, where fan safety an issue.
Possibility that Celtic FC will not sell tickets to protect safety of their fans, then others will also follow.
Gate receipts appear to be keeping the club/company alive. If there is a drop in sales due to stadia safety issues where seats cannot be sold, then ash flow will, in my view, more likely than not become a terminal issue.
Only other option would be to attract investment – who is going to invest, if tens of millions required to keep a roof in place?
If club play games from another stadia – where will the rental income require come from?
Allowing VAT to become overdue and the stadia to fall into a critical state of disrepair suggests that there is no effective governance and management in place at the club.


Accountability, Transparency, & Brave Sir Robin
I believe that the SC will hear the BDO appeal in the first quarter of 2017.

Lots of interesting chatter in the last 24 hours – something is brewing. A least one suggestion that HMRC have served a VAT demand on Rangers.

torrejohnbhoy(@johnbhoy1958)October 12, 2016 at 10:15

Morning all, Can you help me with this,Having a wee debate with a TRFC supporting pal wrt EBTs.I know BDO have been granted leave to appeal to the Supreme Court but have they actually done so?. If not is there a time limit they must adhere to.?.I understand that if no appeal is forthcoming then COS decision stands.


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