Setting up an offshore account (EBT) to pay (tax free) monies to players is not illegal as long as it's done with a nod and a wink and kept "off the books". Unfortunately the players/agents did not think a nod and a wink would suffice when it came to paying money, so they asked for it to be written down in the contract, Rangers duly obliged and that's when they ****ed themselves up.![]()
That is about the sum of it.
Just FYI, players contracts do have to be lodged with the governing association.


