Rangers in the clear from SPFL over claims of late tax payments By Grant Russell 5 January 2015 13:08 GMT Under scrutiny: The SPFL will ask Rangers for answers over possible non-payment of National Insurance.© SNS Group The Scottish Professional Football League is satisfied Rangers have not breached rules over claims they have fallen behind on National Insurance payments. STV understands the league were unaware of a potential winding-up order being issued by HM Revenue and Customs to the club. SPFL rules require clubs to declare if they are more than 28 days behind on paying tax, within two days of a default occurring. However it is understood that following conversations between Rangers and the league, the SPFL is satisfied a default event has not occurred. HM Revenue and Customs declined to comment on the matter. Rangers were unavailable for comment at the time of publication. STV estimates Rangers pay £140,000 per month in National Insurance, raised both from employee and employer contributions, based on salary information detailed in the latest company accounts. The news comes on a day where Rangers were loaned £500,000 by Sandy Easdale, chairman of the clubs football board, to meet emergency working costs due over the next few days. With the club struggling for cash and still seeking £8m of investment to cover bills for the next 12 months, various parties are vying for control. On Monday morning Rangers confirmed a takeover approach has been received by Robert Sarver, the American owner of NBA team Phoenix Suns. In a statement to the Stock Exchange, the company said Sarver has until 5pm on February 2 to formalise any offer. Shortly after a stormy reception for the current board at the AGM of Rangers International Football Club plc in December, a consortium of businessmen moved to purchase 19% the companys shares. George Letham, Douglas Park and George Taylor were then joined by South African-based Dave King in snapping up shares, with the former director of the Rangers oldco becoming Rangers biggest single shareholder with 15%. The balance of power on the board at Rangers currently resides with Mike Ashley, the owner of Newcastle United Football Club. He owns just under nine per cent of the shares in Rangers International Football Club plc and was blocked on Christmas Eve by the Scottish FA from receiving approval to increase his shareholding to 29.9%. Nevertheless, the clubs chief executive Derek Llambias is an appointee of the Sports Direct owner and Rangers chairman David Somers, together with non-executive director James Easdale, are sympathetic to Ashleys manoeuvrings. sport.stv.tv/football/clubs/rangers/305416-spfl-seek-answers-from-rangers-over-claims-of-late-payment-of-tax/
Posted on: Mon, 05 Jan 2015 14:21:43 +0000
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