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Celtic FC Has Been Cleared By SPL For Its Use Of Employee Benefit Trust
Published September 14, 2012
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RANGERS CEO CHALLENGED: The Scottish DAILY RECORD's reported that the SPL challenged Rangers CEO Charles Green "to put up or shut up" as it cleared Celtic of any EBT wrongdoings. Green claimed earlier this week "more than two" SPL clubs also operated the controversial tax avoidance scheme. He added he would "rather not say" which clubs he believed operated the schemes but added: "I have put my hand up and they should do the same" (DAILY RECORD, 9/13). The SCOTSMAN reported that Rangers have received £272,000 ($438,573) from UEFA for their players’ involvement in Euro 2012, but the cash "will go straight to the accountants responsible for winding up the oldco." The payment, from UEFA’s fund for clubs whose players took part in the tournament, "is expected to go to BDO," the accountancy firm in charge of liquidating the club (SCOTSMAN, 9/13).