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Feb 27, 2013

Rangers findings set to be announced

The Scottish Premier League commission appointed to rule on alleged undisclosed payments to Rangers players will announce its findings on Thursday.

The investigation, "RFC 2012 Plc (now in liquidation) and Rangers FC and by Lord Nimmo Smith", centres on payments made through the Employee Benefit Trust (EBT) set up by former Rangers chairman Sir David Murray.

The three-man panel will decide whether transactions to Rangers players from EBT between 2000 and 2011 breached SPL rules about declaring payments in contracts.

The independent commission began hearing evidence at the end of last month. The panel was convened after an SPL investigation, which began before the old Rangers were liquidated and Charles Green's newco established last summer.

If it finds the Glasgow club broke rules - alleged breaches that are "complicated and serious", according to SPL chief Neil Doncaster - Rangers could be stripped of titles won during that period.

The SPL charge against Rangers is related to rules which say that all payments to players for football activities must be stipulated in contracts registered with them.

But the Glasgow giants, now playing in Scottish Division Three after their restart as a newco, called for the investigation to be scrapped and said their fans could refuse to attend any away games, depriving other clubs of revenue, if titles are stripped.

They refused to co-operate with or recognise the investigation.

The EBT scheme was run by a company belonging to Murray. Murray International Holdings won, in principle, an appeal against a tax bill arising from the EBT, with most of the payments ruled to have constituted loans.

HM Revenue and Customs appealed against that decision.

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