27-04-2017, 19:44
(27-04-2017, 19:25)hibeejim21 Wrote: Why were they in no position to settle up? They were in the champions league.
The key difference is other clubs were not completely reliant on them and paid thru liability.
Rangers also had a liability for a previous tax scheme which remains unpaid also,and was deemed illegal.
They were in no position to settle up because they were skint!!! They were completely mismanaged for years obviously, living beyond their means chasing a dream of some description!! EBTs were just another example of that mismanagement!! Had this happened in todays game then that participation in the Champions League would likely have seen enough money come into the club to pay these debts, but they were financially ruined by that point anyway!!