Thursday 31 May 2012

Rangers cooperating with authorities regarding payment probe

Rangers have provided the Scottish Premier League with documentation that will allow them to continue with their investigation into alleged undisclosed payments to players.

The SPL board instigated the investigation on 5th March following claims surrounding the club's use of Employment Benefit Trusts (EBTs) during Sir David Murray's reign.
The SPL last week stated that they were looking forward to receiving 'full co-operation' from Rangers and the club's administrators after failing to receive the necessary documents.
That lengthy investigation moved a step closer to completion on Thursday when the SPL released a statement which read: "The SPL confirmed that Rangers FC had today provided documentation to the SPL in relation to the SPL's investigation into EBT payments.
"The SPL's legal team will now review and provide an update to the SPL Board at the next SPL Board meeting on June 18."
The use of EBTs, from 2001-10, was the subject of a tax tribunal in January, which could result in a £75million bill, although Rangers have defended their use of the offshore payments.

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