Rangers reassure fans tax tribunal outcome will not affect current regime

Last Updated: 30/10/12 7:19pm

Rangers FC: Fans reassured over tax tribunal outcome

Rangers have reassured supporters that the impending tax tribunal outcome will not affect the current regime at Ibrox.

A ruling on the use of Employee Benefit Trusts at Ibrox during the first decade of the century is reported to be close but any sum due will only be added to the debt left when the original Rangers were consigned to liquidation in June.

A statement on the club's official website read: "There has been growing speculation recently that an announcement from the First Tier Tax tribunal is imminent.

"The club has no knowledge of when such an announcement will be made.

"However, the club as it now stands as part of The Rangers Football Club Ltd, has been informed by Her Majesty's Revenue and Customs that any decision by the First Tier Tax Tribunal will not affect the operations of The Rangers Football Club Ltd.

"HMRC have recently reaffirmed this position to the club's tax advisers, Deloitte.

"The Rangers Football Club Ltd is a company free of external debt and all liabilities relating to 'oldco' are a matter for the administrators."