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BBC Scotland report NO titles to be stripped but are fined £250K


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Chris McLaughlin@BBCchrismclaug#Rangers will not be stripped of league titles. More to follow...

 

As much as I want to believe it, coming from such a HUGE fan of ours ................. I'll still hold caution for the time being.

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The commission appointed by the Scottish Premier League to investigate alleged undisclosed payments by Rangers will not strip the club of any titles.

More detail is expected when the written decision is published at noon.

Lord Nimmo Smith has chaired the commission, which was appointed to decide if the company that formerly ran the club broke league rules.

Should Rangers be found in breach, other sanctions may be applied but there will be no stripping of titles.

The investigation relates to the period during which Rangers operated employee benefits trusts that were also the subject of a long-running tax tribunal.

HM Revenue and Customs had claimed the scheme, which was used to make £47.65m in payments to players and staff in the form of tax-free loans, was illegal.

Rangers disputed this and a First Tier Tax Tribunal ruled the scheme did not breach tax law.

HMRC has subsequently appealed to an Upper Tier Tax Tribunal.

Rangers won the SPL five times after initiating EBTs for players

http://www.bbc.co.uk/sport/0/football/21604986

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