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View Full Version : 8 Premier League clubs ‘to go bust like Rangers’



Julio Cesar
15th February '12, 03:43 PM
TAX probes have been launched into eight top English football clubs, sparking fears they could be plunged into financial meltdown like Glasgow Rangers.

RANGERS hit with 10-point deduction after appointing Duff and Phelps to run the club
No big English club is safeRangers on brink of administrationRangers must be quick for Vic
The official investigations into current and ex-Premier League sides could potentially involve hundreds of millions of pounds in unpaid tax.

The revelation came as it was announced yesterday the debt-stricken Scottish giants had entered administration over an alleged £9million owed to HM Revenue & Customs. They are also facing another potential bill of more than £70million after an ongoing inquiry into the use of a tax avoidance device, Employment Benefit Trusts.

EBTs allowed foreign stars to have their wages paid into a trust — and then withdraw the money once they were no longer living in Britain. They would then avoid paying the top 50 per cent rate of UK tax.

http://www.thesun.co.uk/sol/homepage/news/4130498/8-Premier-League-clubs-to-go-bust-like-Rangers.html

I know it's only the sun, but it's being reported in other papers aswell. Will be interesting if true.

MoneyMan
15th February '12, 05:28 PM
It's defo true. Everyone has been living beyond their means and taking the piss for too long now, the jenga blocks had to come crashing down sometime or other and it's just funny that Rangers scum are the first to go :laugh:

inb4Liverpooldeducted10points:(

Julio Cesar
15th February '12, 06:35 PM
Inshallah Chelsea go bust

Will probably end up being us though :laugh:

masterpig
15th February '12, 06:43 PM
About time too, owners been reckless with clubs futures for too long.


Switch
15th February '12, 07:15 PM
I hope at least one of them is Stoke

Matt91
15th February '12, 11:22 PM
I hope at least one of them is Stoke

.

I wish they got liquidated or some shit, #FuckStoke (http://www.grimeforum.com/forum/misc.php?do=dbtech_usertag_hash&hash=FuckStoke)

Xtra P
15th February '12, 11:23 PM
It definitely won't be us

Profit >>>>>>>

Switch
15th February '12, 11:41 PM
It definitely won't be us

Profit >>>>>>>.

profit>>>>>>>>>>>>>>>>>>>>> trophies

GrimmyGrimGrim
15th February '12, 11:54 PM
Inshallah Chelsea go bust

Will probably end up being us though :laugh:

http://www.mixtapetorrent.com/system/files/dumb.jpg

can confirm Roman is caking

Plak
16th February '12, 12:35 AM
Inshallah Chelsea, Arsenal, United, City, Stoke, Wolves, Blackburn and Liverpool.

Jay
16th February '12, 12:45 AM
8 current or FORMER

inb4 Leeds, Blues, Coventry, Middlesborough, West Ham, Forest, Barnsley, Leicester are all done and no actual prem teams are.

Hij
16th February '12, 04:03 AM
8 current or FORMER

inb4 Leeds, Blues, Coventry, Middlesborough, West Ham, Forest, Barnsley, Leicester are all done and no actual prem teams are.

Oh shit...

:(

The media manipulate information? I didn't know :(

MyLord
16th February '12, 08:26 AM
Inshallah Chelsea go bust

Will probably end up being us though :laugh:

Not gonna lie. I can imagine QPR having a huge wage bill with all the big players they have

in b4 its us

M.O.G.
16th February '12, 10:20 AM
Apparently one of them is almost certainly Birmingham

BIGDON
16th February '12, 10:29 AM
can confirm everything is ok at Upton Park bros


West Ham United are pleased to release the club's accounts for the year ending 31 May 2011.

In his chairman's statement, Joint-Chairman David Sullivan said: "Given the very challenging position of being relegated from the Premier League in May 2011, I am pleased to report an operating profit of £6.8m after many years of the club posting operating losses.

"We remain strongly focused on our turnaround plan for the club and despite the financial environment, as these accounts disclose, my co-chairman, David Gold, and I invested £3m by way of shareholder loans in the year ended 31 May 2011 on top of our investment in buying shares in the club.

"David and I have undertaken to continue to provide all the financial support necessary to give the club the best possible chance of achieving promotion. We have invested £29m by way of a combination of equity and loans in the last 18 months and we are likely to have to invest in the region of a further £30m in the current season, demonstrating our real and tangible commitment to the club."

quality
16th February '12, 10:38 AM
can confirm everything is ok at Upton Park bros

Not so sure.

http://www.epltalk.com/wp-content/uploads/cdn.epltalk.com/telegraph/multimedia/archive/01561/david_sullivan_1561989c.jpg

http://i.telegraph.co.uk/multimedia/archive/01795/sam-allardyce_1795648c.jpg

BIGDON
16th February '12, 10:55 AM
Not so sure.

http://www.epltalk.com/wp-content/uploads/cdn.epltalk.com/telegraph/multimedia/archive/01561/david_sullivan_1561989c.jpg

http://i.telegraph.co.uk/multimedia/archive/01795/sam-allardyce_1795648c.jpg

lol top of the league with a game in hand can confirm Spurs fans want us to go up to give them a good game

quality
16th February '12, 11:47 AM
lol top of the league with a game in hand can confirm Spurs fans want us to go up to give them a good game

Big Sam is incapable of a good game.

Julio Cesar
16th February '12, 11:59 AM
BIGDON this is to do with tax, not debt.