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Club Statement on 'tax issues'


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The Board of The Rangers Football Club has issued the following statement today:

 

It reads: â??The Board wishes to express its dismay over articles in The Times newspaper today which implies the Club is â??in fresh troubleâ? with HM Revenue and Customs in relation to an investor in the Club.

"This is categorically not the case and the Chairman of the Club has written to The Times on this matter.

â??The Rangers Football Club has no outstanding issues with HMRC and indeed the current management have an open and transparent dialogue with HMRC and, in particular, through our auditors and reporting accountants, Deloitte.

â??The historic tax issues affecting Rangers (RFC 2012 Ltd which is now in liquidation) are well documented.

"These issues, notably surrounding the EBT scheme, will continue to receive much media coverage, but have no bearing upon the ongoing operation of the football club and its intention to list as a public company.

â??We wish to reiterate that Mr Richard Hughes has no involvement in the management of the club, nor is he a director.

"Richard Hughes or his company Zeus Capital, both FSA regulated, are a minority investor.

"The Club does not have an existing relationship with Zeus Partners, which is also named in The Times as being part of an HMRC inquiry.

â??It would be inappropriate for The Rangers Football Club to comment further on either the private and professional affairs of Mr Hughes, or the commercial activities of Zeus Partners or Zeus Capital."

 

Taken from club site

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And Leggo pointed out the case where a more direct link from a negative story to Celtic wasn't published in many media outlets. Some on here said his blog was irrelevant...

 

It's a story Leggat would have revelled in just weeks ago before his volte face.

 

He'll be licking Green's arse with as much gusto as he did with Whyte shortly.

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That may be true, but Calscot's point still stands. That type of biased reporting needs to be highlighted :)

 

The Times have been investigating various tax schemes for months just so happens this one concerns one of Green's "investors", it's not an attack per se on the club.

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