wabashcannonball 0 Posted May 9, 2010 Share Posted May 9, 2010 (edited) There should be a moratorium on the amount of bullshit papers can make up and print, all of it rehashed crap. If plan doesn't work Rangers are FINISHED By Mark Howarth, 08/05/2010 RANGERS chief executive Martin Bain has confessed the club is "FINISHED" if it fails to stick to a plan for drastic cuts. The Ibrox supremo has been working round the clock to try to rescue the SPL champions from OBLIVION by slashing costs. He's been forced to implement a strict budget-reduction package demanded by Lloyds bankers - and which his board voted narrowly to support last October. But Bain told pals this week the Old Firm giants are teetering on the edge. He is understood to have admitted: "We've got a plan. I think it will work. But if doesn't, Rangers are finished." Last night a source close to the Gers chief said: "Martin is exhausted. He's a devoted Rangers man and he finds it difficult to leave the job behind. "He has low moments when he looks at the whole picture. It's disheartening. "More than anyone, he knows just how high the stakes are for the club." Bain was HORRIFIED when the bank made their demand for massive cutbacks. But Lloyds chiefs told him that if they didn't get their way they were prepared to put the club into ADMINISTRATION. The Ibrox board eventually backed the bank's blueprint by five votes to four. The severe cuts - aimed at tackling debts of �£30million - will be enforced within weeks if no buyer is found for the club. It will see several leading players refused new contracts and others sold off. English property developer Andrew Ellis has said he'll decide within weeks whether to bid �£33m for the Glasgow side. News of Bain's fears for the club comes as they face up to the prospect of being hit with a massive tax bill. We were the first to reveal Revenue and Customs were investigating ten years of offshore payments to its stars. Almost �£50m was put into Employee Benefit Trusts which gave "loans" to top players at zero interest. If the club is found to have breached complicated tax rules, it could be forced to pay around �£24m in income tax and National Insurance payments - plus a fine, backdated interest and legal fees. And we can reveal that some Rangers- daft tax officials have been left deeply upset by the prospect of inflicting more financial misery on their heroes. An insider told us: "It's been emotional for a few guys. It's breaking their hearts to have to go after the team they love. "Some pretty tough cookies have been close to TEARS doing the paperwork." We informed a Rangers spokesman of our revelations on Friday afternoon. By time of publication he had declined the opportunity to comment. Our request to talk to Mr Bain was also turned down. Edited May 9, 2010 by Zappa 0 Quote Link to post Share on other sites More sharing options...
Gazza_8 233 Posted May 9, 2010 Share Posted May 9, 2010 News of the Screws. Never bought it, never will. That paper, more than others, enjoys making peoples lives hell. 0 Quote Link to post Share on other sites More sharing options...
Guest Flying Hippo Posted May 9, 2010 Share Posted May 9, 2010 Yes Wabash, every single story that reaches print or is told by someone on a forum is lies. Every single one. Thank you for pointing this out to everyone time after time 0 Quote Link to post Share on other sites More sharing options...
wabashcannonball 0 Posted May 9, 2010 Author Share Posted May 9, 2010 Yes Wabash, every single story that reaches print or is told by someone on a forum is lies. Every single one. Thank you for pointing this out to everyone time after time Nae probs son, happy to educate you..... 0 Quote Link to post Share on other sites More sharing options...
craig 5,195 Posted May 9, 2010 Share Posted May 9, 2010 What a pile of shite. Regardless of whether accurate who really gives a flying fuck if some Gers fans work for HMRC and have been close to tears ? Wabash, when creating a thread in future please, in the subject, give some colour as to what the thread is about. "Will it never end" doesnt really say anything about the thread and is too vague. Cheers 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted May 9, 2010 Share Posted May 9, 2010 Wabash, I've replaced your link to the NOTW article with the article in quotes. We shouldn't endorse their sensationalist garbage by providing them with hits on their website. 0 Quote Link to post Share on other sites More sharing options...
metlika 0 Posted May 9, 2010 Share Posted May 9, 2010 Every story coming from papers since we have won the title have been negative, fking boring is all I can. 0 Quote Link to post Share on other sites More sharing options...
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