Friday 6 April 2012

Glasgow Rangers Could End Up With Debts Of More Than £134,000,000


Crisis hit football club Glasgow Rangers currently have debts of 55,000,000 pounds. But that could increase even more if they lose the Big Tax Case to the HMRC. A total of more than £93,000,000 is being claimed by HM Revenue and Customs, relating to the big and small tax cases, and unpaid VAT and PAYE. Rangers also owe other football clubs money. Domestically, Rangers owe: Hearts (£800,000), Dunfermline Athletic (£83,370), Dundee United (£65,981), Celtic (£40,337) and Inverness Caledonian Thistle (£39,805).
English clubs are also owed more than £700,000. This breaks down as: Manchester City (£328,248), Chelsea (£238,345) and Arsenal (£136,560).
European clubs are also owed more than £1.6m, including Rapid Vienna (£1,011,763), St Etienne (£252,212), Palermo (£205,513) and Orebro (£150,000).

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