Mon, 31 Oct 12:02:00 2011
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EmailPrintSPL leaders Rangers could be docked as many as 75 points if they are forced to become a new entity due to their current financial problems, according to the Daily Record.
Related linksRangers face crisis in tax dispute
Rangers owner Whyte set to sue BBC
Rangers fans worried at boardroom strife
Bet on Football - Get £25 Free..The Ibrox giants are facing a £49 million tax bill which early this month club chairman Craig Whyte admitted was "paralysing" the club.
The Scottish champions are involved in two separate disputes with HM Revenue and Customs, relating to payments before Whyte completed his takeover.
The club have not paid a £2.8m tax bill which first emerged in April, relating to payments made to staff between 1999 to 2003. They are believed to be disputing a fine that goes with it.
A tax tribunal, which could cost the club £49m, will resume in November.
Now the Daily Record is claiming that there would be no way that Rangers could possibly pay that money back, and that the penalty for entering a club into the SPL under a new guise would be severe.
If such a situation transpires, then the Record claims that Rangers could face an extra 15 point deduction on top of the usual 10 point deduction that goes to a club that enters administration.
In the piece written by James Traynor, the paper also claims that such a penalty could be imposed for three consecutive season meaning they would be docked 75 points in total.
If Rangers were forced to rebrand themselves as a new club, they would also face being banned from European football for three seasons by UEFA under recently introduced guidelines.
The Daily Record splash
Share
retweet
EmailPrintSPL leaders Rangers could be docked as many as 75 points if they are forced to become a new entity due to their current financial problems, according to the Daily Record.
Related linksRangers face crisis in tax dispute
Rangers owner Whyte set to sue BBC
Rangers fans worried at boardroom strife
Bet on Football - Get £25 Free..The Ibrox giants are facing a £49 million tax bill which early this month club chairman Craig Whyte admitted was "paralysing" the club.
The Scottish champions are involved in two separate disputes with HM Revenue and Customs, relating to payments before Whyte completed his takeover.
The club have not paid a £2.8m tax bill which first emerged in April, relating to payments made to staff between 1999 to 2003. They are believed to be disputing a fine that goes with it.
A tax tribunal, which could cost the club £49m, will resume in November.
Now the Daily Record is claiming that there would be no way that Rangers could possibly pay that money back, and that the penalty for entering a club into the SPL under a new guise would be severe.
If such a situation transpires, then the Record claims that Rangers could face an extra 15 point deduction on top of the usual 10 point deduction that goes to a club that enters administration.
In the piece written by James Traynor, the paper also claims that such a penalty could be imposed for three consecutive season meaning they would be docked 75 points in total.
If Rangers were forced to rebrand themselves as a new club, they would also face being banned from European football for three seasons by UEFA under recently introduced guidelines.
The Daily Record splash
