Originally Posted by The Neviller
They had a tax issue.
Worrying thing is, i've heard form a Rangers supporting mate who seems in the know that the tax issue they have has massive implications for other clubs in Britain. By all accounts they were using some form of legal loophole to avoid paying as much tax, and also to have their payers paid in what amounts to an interest free loan, loopholes that other big clubs use. Rangers are the first to fall foul of it, and are seemingly being used as a test case. If the Inland Revenue succeeds with the case against Rangers then they are set to go after the other big clubs too. No idea who exactly it will effect, because i've no idea what other clubs use these loopholes, but it could hit football in England hard too.
looking at the bigger picture, assuming this is true, do you really see the IR taking on the national game?
My gut feel is the bigger clubs in England have some pretty darn good tax accountants who wont be putting their clients in trouble.