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4 hours ago, Prahakillie said:

Another cracker in today's Record Hotline: 

The debate over the return of the Rangers tax case rumbles on.

“It didn't take long for the anger towards Rangers to seethe back to the surface. As the old saying goes: there are none so blind as those who will not see - especially if it does not fit their hate filled agenda.

“The angry mob continually fail to see that if Rangers' tax bill really was only £20 million, there would have been no Craig Whyte, no administration and no expulsion from the SPL.

“Rangers, as a company were turning over more than £50 million per year and had multi-million pound assets (as well as 49,000 fans every home game) and could comfortably have covered a £20 million tax bill.

“Those assets included international players in their prime, worth more than £50 million at that time and Murray Park was also owned by the club. Also, Sir David Murray offered £10-£12 million as a settlement, which was rejected by HMRC - unlike several Premier League clubs whose offers were accepted. But let's not allow evidence to get in the way of enmity.”

 

so why didn't he offer the £20 million?

If they could easily have paid 20 million they could have offered to pay back the 40-50 million over a period of time. Buy they weren't interested in any solution that would involved tightening their belts and living within their means.

"Rangers, as a company were turning over more than £50 million per year and had multi-million pound assets (as well as 49,000 fans every home game"

which makes it all the more remarkable that they were in such financial trouble. They are almost in a similar position now and still failing to balance the books. 

 

 

 

Maybe thats why they want to keep the Non Proven verdict in Scotland

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7 hours ago, Prahakillie said:

“Rangers, as a company were turning over more than £50 million per year and had multi-million pound assets (as well as 49,000 fans every home game) and could comfortably have covered a £20 million tax bill.

“Those assets included international players in their prime, worth more than £50 million at that time and Murray Park was also owned by the club. Also, Sir David Murray offered £10-£12 million as a settlement, which was rejected by HMRC - unlike several Premier League clubs whose offers were accepted. But let's not allow evidence to get in the way of enmity.”

so why didn't he offer the £20 million?

 

By this point, David Murray had gone from boasting that they would spend £10 for every £5 that Celtic did to syphoning funds out of the club to bolster his own failing companies. £20m would've been accepted right away - offering less would buy him time to shift the blame.

Enter Whyte & Green, the perfect stooges...

Source? A former Rangers Security Security Chief, who is friends with my father...

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On 11/18/2019 at 8:14 AM, Prahakillie said:

That's what you can do when you don't pay tax. 

But apparently it doesn't give you any competitive advantage. 

Too much to expect the Record to understand the difference between turnover and profit. If you have sales (turnover) of £50 million and costs of £70 million, you DON’T have £1 million let alone £20 million to offer unless you have retained profits from previous years (yeah right!). Oh, and the 49,000 who attend every game are part of the turnover.

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Dave King is to step down as the chairman of Rangers next year after four-and-a-half years at the helm.

Major shareholder King made the announcement at the club's AGM in Glasgow.

The South Africa-based businessman was one of the leading figures in taking control of Rangers in 2015.

He will continue to support the club as a shareholder and in negotiations with retail partner Sports Direct.

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a few decent results on the pitch has seemed to push a lot of the financial issues to the background - again --they do seem from the figures to be going through a fair wad of funds ----and asking again for more via yet another share issue 

would not be too surprised if by the summer their Manager and couple of the better players also "walk away" ....to better things 

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10 hours ago, Pompey Exile said:

Can you just have as many share issues as you please?

Kind of.

Each share issue dilutes the value of the previous lot though. It was claimed that the original shares were worth 20p, but due to the various share issues that they've had already, they cannot be worth more than a penny arithmetically, but realistically are worth much less than that.

I suspect that the appearance of some of the other 'investors' at the Hamilton game was to enable them to tell Dave to get to f**k.

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49 minutes ago, Fudger said:

Morelos will go for big money 

King in today’s papers saying they wouldn’t sell him for £40million as trophies are more important than money. The next few months could be another hysterical series of events in Scottish football history

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If they are in the s**t, the Scottish media is doing a good job of burying their heads in the sand. Sportsound in Monday, Chris mclauchlin reporting about the 25 mil debt, how king is even saying this way is unsustainable, hand to mouth borrowing spending. Back to Kenny mac in the studio, him and Stephen Thompson were like, aye but at least they are competing with celtic again and have a guid manager noo. Hmm. 

I remember on Scotlands game, Graham speirs, Tom English were saying they were almost complicit in rangers demise as they never even questioned all their spending. History repeating itself. No one is saying anything at all. In fact everyone saying how much better shape rangers are in now. 

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