Rangers’ PR Still Peddling Disinformation
20/02/2012 730 Comments
Keeping up fan morale has never been more important at Ibrox. If Rangers simply run out of cash to keep the lights on, the administrators will have no choice but to liquidate the club. While the administration process means that Rangers have great leeway with regards which bills they pay, it is vital for the club that cash continues to come in. Therefore, we need to view all statements emanating from Edmiston Drive as being designed to achieve that goal.
We have heard some strange-sounding statements from the administrators, but it is the story circulating that the tax case has not gone well for HMRC that I found interesting. Scotland on Sunday reported this week that this blog “claimed the ‘smoking gun’ for HMRC was a number of letters indemnifying players from any future tax liabilities on money placed in their EBTs”. I have said no such thing. I did say: “I can only hope for Rangers’ sake that they were not so stupid as to provide written guarantees for players saying that they did not need to repay these loans”.
It was in fact Darrell King on Clyde Superscore Board who told us that Rangers players had two contracts and were given side letters telling them that loans did not need to be repaid. Darrell went further on 10 November, 2011 stating: “I saw the letters the players have got to state that they are not liable for any payments which were part of their contract“. (More recently, Darrell denied actually seeing the letters).
Regardless, a “key witness” at the tribunal reports that no such side letters existed. That would be fantastic news for Rangers if it was true.
I can only assume that the story from this “key witness” is being pushed to keep fan morale up during these difficult days. It may also be a last-ditch effort to try to get anyone in possession of the facts to make a mistake and disclose evidence presented to the First Tier Tribunal (FTT).
Let us look objectively at this “source”. The Scotland on Sunday report stated: “The source, who is not connected to Rangers but had clients who benefited from EBTs“. This is a key witness? Someone who did not participate in the EBT personally? Someone who is not connected to Rangers? Given the long list of players and executives who participated in the EBT scheme, this is the best witness available to refute Darrell King’s claims?
If this person was indeed a witness at the tribunal, he will have been called as a witness by Rangers. He will have been initially examined by Rangers’ counsel, cross-examined by HMRC’s lawyer, and then possibly re-examined by Rangers’ counsel again. Then he will have been made to leave the hearing. He would not know anything about what evidence was presented other than his own.
Of course, nothing in life is absolute. This blog never said that defeat for Rangers in the tax case is 100% guaranteed, but I believe that the evidence is overwhelmingly against the club. We are close to the end of this process and it is probably best that those with an interest in learning the facts remain patient and simply wait for the FTT result. The significance of this case is no longer in dispute, and there is little need to bang the drum for more publicity for Rangers’ difficulties. After all this time, we can wait a little while longer for the final outcome.