Duff and Phelps say Rangers estimated debt tops £134m

[54andcounting 0]

Its from the beeb - so take that with a pinch of salt.

 

Rangers' administrators estimate that the club's total debts could top £134m.

 

The figure is revealed in the administrator's report to creditors published on the club's website.

 

A total of more than £93m is being claimed by HM Revenue and Customs, relating to the so-called big and small tax cases, and unpaid VAT and PAYE.

 

The report also reveals Rangers owe cash to other football clubs including Celtic, Hearts, Dundee United, Manchester City and Arsenal.

 

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17628749

[GovanAllan 0]

So they've taken the worst case scenario with all the figures, great journalism again from the beeb.

[Jim1955 12]

93 Million to HMRC? really, excluding penalties, just how much are HMRC looking for?

[ian1964 10,440]

93 Million to HMRC? really, excluding penalties, just how much are HMRC looking for?

 

If we lose the case?,which is yet to be determined!.

[Tannochsidebear 2,316]

Thats funny, I have read the report and it quite clearly says £55M, of which £27M can be covered without any effort.

 

I wonder why no news outlet are saying Rangers could owe as little as £18M?

 

This surely is just as sensational as saying it could be £___ (enter your own ridiculously made up figure)

[GovanAllan 0]

If we lose the case?,which is yet to be determined!.

 

I've not heard one real tax expert say we will lose the case to the full extent we might lose but not for the full amount. But why would the beeb let the facts get in the way of a bad Rangers story.

[True_Ger_1872 2]

Still frightening though....

 

Sent from my GT-I9000 using Tapatalk

[GovanAllan 0]

Still frightening though....

 

Sent from my GT-I9000 using Tapatalk

 

TG how fast does that GT-19000 go, bet it goes fast as f#*k and is Tapatalk some kind of new fangled turbo.

[Danny 0]

So they've taken the worst case scenario with all the figures, great journalism again from the beeb.

 

I think anyone who ignores the worst case scenario is being incredibly naive.

[mitchellenman 0]

I think anyone who ignores the worst case scenario is being incredibly naive.

 

Exactly mate. Hope for the best, fear the worst