Executive Transactions Names In The News FFA Records $6.2M Profit For '13-14 La Liga Valencia Discards New Bat Logo Qatar Reveals Third WC Stadium Design Qatar Looks To Enter F1 Circuit Healthpoint Partners With Man City Sony Reportedly Will Not Renew FIFA Deal Portsmouth To Host America's Cup Races BBC To Show All FIFA Women's WC Games
SBD Global/November 30, 2012/FranchisesPrint All
Liquidators "have officially launched a full-scale probe into the circumstances surrounding the sinking of" Scottish Third Division Rangers, "which could lead to criminal prosecutions and legal cases worth tens of millions of pounds," according to Keith Jackson of the Scotland DAILY RECORD. London accounts firm BDO "agreed to hunt down those responsible for the demise of the Ibrox club, forced under when former Owner Craig Whyte ran up almost £15M ($24M) in unpaid" pay-as-you-earn tax (PAYE). Former Dir Paul Murray called on BDO "to carry out the investigation as a matter of urgency and insisted any suspected 'guilty parties' should be hauled into court and pursued for damages." Murray said that "the inquiry should stretch back as far as three years to include the circumstances surrounding Whyte’s takeover, the Big Tax Case bill and the conduct of other key players" such as former director Donald Muir, Lloyds Bank, Ticketus, lawyers Collyer Bristow and administrators Duff & Phelps. Murray said, "It is crucial they find out who is responsible for the destruction of a Scottish institution then make these people pay for their actions" (DAILY RECORD, 11/29).
The NFL Jacksonville Jaguars in '13 will begin the first year of a four-year commitment to the NFL Int'l Series, "effectively marking them out as 'London's team', at least in the short term," according to Simon Veness of the London GUARDIAN. While the Jaguars "may not be the sexiest vehicle in which to test-drive this idea ... they do have one powerful force behind their London surrogacy" in Owner Shahid Khan. Veness: "Brace yourself, London ... here come the Jacksonville Jaguars." That "may not sound like the greatest call to arms the NFL has sent across the Atlantic," but listen to Khan "for a few minutes and your perspective on what to expect may change, and drastically." First, it "has to be said that he is not looking to move the team out of Florida." Khan gave a "verbal commitment to Jacksonville when he bought out the previous owner, Wayne Weaver, ... and he aims to see it through." Khan believes he can "put some bite back into the toothless Jags by going global." Khan said, "Point one for us ... is to tap into the U.K. visitor base here in Florida and we have made a point very early on to talk to the civic leaders for the area and the state as a whole to build a significant profile." He added, "Next year is our coming-out party. ... We need to get established with the local civic causes; we want to be part of the fabric of sport in London and it needs to be done on and off the field" (GUARDIAN, 11/29).