Jump to content

 

 

SPL Confirm Receipt of Dual Contract Documentation.


Recommended Posts

D&P must be confident there's nothing untoward in these documents, otherwise yesterday's court case was a waste of time.

 

If they believe there's any evidence of wrong-doing, sanctions from the SPL would be inevitable - so why would they have bothered to contest the SFA's punishment? You've got to conclude that they must feel everything's above board....

 

Or is my logic flawed by optimism?

Link to post
Share on other sites

RANGERS have provided the SPL with the files which will allow them to continue their investigation into alleged undisclosed payments to players.

 

The SPL board instigated the investigation on March 5 following claims surrounding the club's use of Employment Benefit Trusts (EBTs) during Sir David Murray's reign.

 

The SPL last week stated that they were looking forward to receiving "full co-operation" from Rangers and the club's administrators after failing to receive the necessary documents. The statement came hours before a BBC documentary with numerous revelations about the EBT scheme.

 

That lengthy investigation moved a step closer to conclusion today when the SPL released a statement which read: "The SPL confirmed that Rangers FC had today provided documentation to the SPL in relation to the SPL's investigation into EBT payments.

 

"The SPL's legal team will now review and provide an update to the SPL Board at the next SPL Board meeting on June 18."

 

The use of EBTs, from 2001-10, was the subject of a tax tribunal in January, which could result in a £75million bill, although Rangers have defended their use of the offshore payments.

 

But whether they were legal or not in the eyes of the tax tribunal might not matter if the club had not disclosed the payments on the official contracts.

 

SPL rules prohibit payments to players that are not made "in accordance with a form of contract approved by the SPL".

 

Rangers had previously accepted a £2.8million tax liability for another scheme involving payments to Ronald de Boer and Tore Andre Flo from 1999 to 2003.

 

The SPL investigation covers the period from the competition's inception in 1998.

 

There are 18 sanctions available to the SPL board should Rangers be found guilty, including stripping the club of league titles.

 

The league's lawyers, Glasgow firm Harper Macleod, have been investigating the matter so far.

Link to post
Share on other sites

From stv news:

 

Rangers have submitted documents requested by the Scottish Premier League for their investigation of the alleged use of dual contracts at the club.

 

The information, first asked for by the SPL's lawyers on March 5, is almost three months overdue. The league last week threatened possible sanctions against the club if the information was not sent promptly.

 

A short statement from the SPL read: "The SPL confirmed that Rangers FC had today provided documentation to the SPL in relation to the SPL’s investigation into EBT payments.

 

"The SPL’s legal team will now review and provide an update to the SPL Board at the next SPL Board meeting on 18 June."

 

Rangers' co-administrator Paul Clark had defended against the delay, arguing they had more pressing matters in trying to secure the future of the club.

 

A statement from Clark read: "The use of EBTs at Rangers goes back many years and was a matter of public record in the annual accounts.

 

"Our primary focus has been ensuring the survival of Rangers Football Club and attracting a new buyer for the business as well as investigating the financial situation at the club since the takeover in May 2011.

 

"We and the club will continue to give every assistance to the football authorities on issues affecting the club.

"It should, however, be noted that the First Tier Tax tribunal has yet to publish its findings in relation to the use of EBTs."

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.


×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.