You are here: Home News Headlines Tax Case Decision Statement
Tuesday, 20 November 2012 18:46

Tax Case Decision Statement

Written by 

THE Board of The Rangers Football Club issued the following statement today.  

Charles Green, chief executive commented: “I am sure that all Rangers fans will welcome that a judgment has been reached on this case at last.

“That said, the judgment will not affect the operations of the Club nor the proposed flotation of the business as a public company. 

“This case is historic and was a matter for The Rangers Football Club plc ('oldco') which is in liquidation.

“The Rangers Football Club Ltd is a corporate entity formed following the acquisition in June this year, by a consortium led by me, of the business and assets of Rangers, including the Club and its honours.

“As HMRC stated in June when they decided to vote against the proposed oldco CVA, no tax liabilities relating to 'oldco' would transfer across to the new company. HMRC have recently reaffirmed this position to the Club's tax advisers, Deloitte.

“The Rangers Football Club Ltd is a company free of external debt.

“The judgment serves to further undermine the validity of the SPL Commission into the use of EBTs.  

“As we have said all along the SPL decision to press ahead with a commission was ill-timed and fundamentally misconceived.”  


Related items

  • Statement From Craig Mather

    RANGERS Chief Executive Craig Mather has today issued the following statement.

  • Focused On Football

    ALLY McCOIST is focused on football despite another turbulent week at Rangers as he prepares to face Brechin City in the first League One fixture of the season tomorrow.

  • Appointment of Consultant

    THE Board of Rangers is pleased to announce that it has today appointed Charles Green as a consultant to the Company.

Follow Follow On Twitter
Love Rangers? Like on Facebook!
Latest Rangers News
Subscribe on YouTube