05-11-2015, 09:59
(This post was last modified: 05-11-2015, 10:07 by St Charles Owl.)
(05-11-2015, 08:41)Paigntonhibby Wrote: Of course 2-3 million a season is enough tae gain a sporting advantage, especially in Scotland. If Rangers disnae think it was illegal they must at least have thought the scheme dodgy, otherwise why hide it
But I think thats the point, it wasn't illegal or at the least wasn't believed to be illegal which is why 5,000 companies were using this method of payment to employees. HMRC deemed it illegal and offered a period of time when companies could go back and correct it, which a lot did, of course by then Rangers were in no state to pay back anything!! The advice they got was very bad, and I have no doubt that Murray new it was as close to illegal as he could go!!
(05-11-2015, 08:57)Fredstersafool Wrote: Of course it gained a sporting advantage with those payments Rangers couldn't afford those players,even you thick feckers can see that
Don't consider myself a "thick fecker" but do have a different opinion to yours!!! The actual savings for Rangers were 40% or so (the tax they should have paid) of the money each season, so approx 800k-1.2m per season!! Even Rangers could afford that, or more accurately could try to sustain that much more debt!! Of course in reality, there was a lot that Rangers could not afford at that time, hence their demise and having to start at the bottom of the SFL upon their return.
Besides Fred, in that same era lets not forget the overspending that was seen at Hearts (and other Scottish clubs) where players wages were over 120% of the clubs revenue for a number of seasons. That too came back to smack the club in the butt and while you were able to come out of admin it did result in relegation after a points deduction. Football in Scotland has on the whole got itself back on track with finances, thanks to some generous banks, lets hope this continues and we see no other clubs go through what Rangers or Hearts have had to!!