The Way it Works

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Fara1968 says: July 11, 2014 at 1:39 pm 4 0 Rate …

Comment on The Way it Works by wottpi.

fara1968 says:
July 11, 2014 at 1:39 pm
4 0 Rate This

From BRTH
“That then leaves those who supposedly benefited from the contractually due severance payments – namely the players.”
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I seem to recall Billy Dodds saying on radio that he first heard of EBTs when he was leaving rangers and his severance being paid by the way of one.

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As discussed yesterday I trust those affected will be squirreling away some money away in case Hector comes looking for tax on the full amounts or at the very least the benefit in kind for the loans.

However, its not just Doddsie that needs to worry. In relation to severance payments and contract terminations are we not forgetting that £80k of the £95k EBT was given to the worlds’ greatest football administrator as a termination payment in 2005 – the very thing referred back to the FTT.

I am sure Dave King can shimmy along to make enough room for another one in that cave!!

http://www.scotsman.com/sport/football/spfl-lower-divisions/rangers-administration-campbell-ogilvie-full-of-regrets-and-wonders-if-he-could-have-done-more-1-2181094

Ogilvie, as he has stated, had an EBT. On Friday, he revealed its details. He was paid £15,000 in three lumps of £5,000 between 2001 and 2003. He didn’t believe that there was anything iffy about them. “In my own case, it was an offer of a discretionary bonus or a contribution into the trust. I chose to pay into the trust and I can then apply for a loan from the trust. I got three payments between 2001 and 2003. It was a £5,000 each payment and then on the termination of my employment [at Rangers in 2005], as part of my settlement, I got a figure of £80,000. The whole thing is centered around loans. It’s a very technical issue but you have to repay the loans, yes. It’s over a period of time.”

wottpi Also Commented

The Way it Works
“Invest in Rangers you say. Did you Soros comin doon ra Clyde in a bananae boat?”

I”all get ma coat!!


The Way it Works
Just a thought. If Charles has such great connections what stopped the Soros guys from investing first time round?


The Way it Works
Now Green claims he has investors ready to stabilise the club financially.
One of the interested parties is Soros Fund Management and it is believed the US-based group have held talks with a senior Rangers official.

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Lest we forget

RANGERS are on the brink of sealing a deal with strip manufacturing giants adidas to produce the Ibrox club’s kit from next season.

Chief executive Charles Green and director Imran Ahmad revealed to fans in Canada that the club hopes to announce the partnership with the German giants, who will take over from Umbro, next week.

Green and Ahmad are on a whistle-stop tour of four cities – Toronto, New York, Orlando and Houston – in four days to speak to North American supporters’ groups and discuss commercial and sporting partnerships – including a potential link-up with NFL giants Dallas Cowboys.

“We have been in talks with Dallas Cowboys about commercial partnership and we are looking to start an academy in North America.”

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IIRC Peter A Smith of STV is still waiting to see that copy of the Cowboys email Green assured him he had while on camera.

Oh Charlie you are a laugh.


Recent Comments by wottpi

It Is Better To Offer No Excuse Than A Bad One
HOMUNCULUSDECEMBER 28, 2017 at 13:48

Indeed. And that was my other thought.
Even if Mark Allen does a good job T”Rangers wouldn’t see any cash for any upcoming talent (internal or bought in)  for a god number of years.
To date a good few lads showing talent have been allowed to leave to keep the lights on.
At present the only prospect they have is McRorie who I think has stepped up and performed well when asked.He certainly has confidence and could develop into a decent centre back playing with the likes of Souttar for Scotland.


It Is Better To Offer No Excuse Than A Bad One
I am sure the thought will have crossed other’s minds but will say it anyway.
Celtics ‘free money’ from the VVD  transfer is more than T’Rangers stated  loan requirements to keep the lights on for the next year or two.
Thats the size of the gap between Celtic and the rest of us.


It Is Better To Offer No Excuse Than A Bad One
EASYJAMBO
DECEMBER 22, 2017 at 12:56

Lets just call it 14 February for old times sake and serendipity. 21


It Is Better To Offer No Excuse Than A Bad One
Statement O’clock but on another matter.

ClydeSSB tweeting Murty appointed until end of the season.


It Is Better To Offer No Excuse Than A Bad One
EASYJAMBODECEMBER 22, 2017 at 10:33

Thought that may be the case but was wondering if someone would be trying to get ahead of the game.


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