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Cowdenbeath beaten 10-0 last week and lost 23 goals in their last 5 games prior to today. The fun never stops at Ibrokes!! They are on their way right back to the top....ha!

Edited by Sting777
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Look at the date...2012. A lot of things have come to light since then. I have wanted Dave King from more or less day 1. That is one post but you will find dozens where i have stated who i wanted.

Oh Dear indeed.

From day 1?!! we looked at the date its almost a year after murray sold to whyte and you were still firmily agaisnt King ,Park and Co .

Oh Dear indeed.

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.a quick visit to Rangers Media match thread produced this gem

Fucking sick of these teams lifting their game when they play us!!!!

Quite right, the sooner they play Motherwell the better. Edited by Drew Brees
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Tom English made some good points on the money front which has no doubt been overlooked by the Zombies in 2013 DK said he had £30m to invest and that the infrastructure of the club needed about £20m +, now he has reduced both the need for investment and the levels of maintenance of Mordor and MP nevermind the coaching set up and playing staff.

To me DK and PM are using the same slight of hand trick that Minty, Whyte and Green used, what do you want to hear, we'll be back if the supporters pony up again, you want representation on the board yes of course you can have that , if someone asked them for orange taps and more stars they'd agree to that as well, do you have to suffer from short term memory loss to follow Sevco ?

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You mean this South African Article

1 of 1 DOCUMENT

The Weekender (South Africa)

November 11, 2008

Business Day Edition

King's tax assessment valid

-

SARS

BYLINE:

Chantelle Benjamin

SECTION:

ECONOMY, BUSINESS & FINANCE; Pg. 4

LENGTH:

550 words

King's tax assessment valid

-

SARS

Claim based on benefits from assets

Chief Reporter

THE South African Revenue Service (

SARS

) stands by its tax assessment of

Dave King,

which found

that he owed R913m, despite the businessman's insistence in a recent media briefing that the taxman

had conceded during legal action that 92% of the assessment was no longer valid.

At the briefing la

st week, King said he planned to launch an action by the end of the year in the Income

Tax Court to have his tax liabilities reassessed. It will be on the grounds that most of the tax claim against

him is based on South African assets, which include a Sand

hurst property in Johannesburg, a Ferrari and

a Hawker 800 XP and Falcon 900 aircraft.

If successful, he said, the move would force

SARS

to start its legal action against him from scratch, based

on new assessments.

SARS

spokesman Adrian Lackay said yesterd

ay the taxman stood by its tax assessment for 1990 to

2001. "There is nothing wrong with the tax assessments. They are based on benefits King received from

the assets

-

not the assets themselves."

King's argument on his tax assessment stems from the recent

case brought by

SARS

in the Pretoria High

Court aimed at "piercing the corporate veil" to ascertain who owns certain assets in SA, most of which,

like a large Sandhurst house, were being used by King.

SARS

planned to seize the local assets to settle the t

ax debt of King and Ben Nevis, a Guernsey

-

based

investment entity that is alleged to owe R1,4bn in taxes for the sale of Specialised Outsourcing shares.

In an affidavit, Gordon Hay, on behalf of

SARS

, conceded halfway through the recent court case

that

SAR

S

was no longer pursuing action against King over the South African assets. It accepted an

argument by King, representatives of Ben Nevis and offshore holding company Metlika Trading, that the

assets, as of December 2000, were no longer owned by King.

SARS

believes that as the net closed on Ben Nevis, its South African assets, worth about R500m, were

transferred to King's Glencoe Trust and then to Metlika, severing links with Ben Nevis and making it

difficult for the taxman to get his hands on the funds.

Wh

at

SARS

is questioning, according to Hay, is "whether the transfer from Ben Nevis to Metlika was an

improper transaction in the sense of constituting a fraud on

SARS

as the creditor or future creditor".

Any fraudulent transaction could be declared null and void, making it possible for the taxman to collect on

its taxes from Ben Nevis.

King holds that he cannot be taxed on assets he does not own and it is on these grounds that he will take

the case to the

Income Tax Court. But

SARS

contends he can be taxed if he obtains benefits from those

assets.

King's tax assessment is made up, among other things, of a R4,8m tax bill on his Sandhurst house,

R101,44m on a Falcon 900, R188,47m on a Talacar shareholders loa

n account, R2,1m on a Ferrari,

R17,24m for living expenses and

-

his largest single tax claim

-

R200m income from

Rangers

Football

Club, as well as R281,28m in penalties and R20m in taxes on income from the Amazulu Football Club,

which King insists he boug

ht for R1 in return for paying outstanding salaries and financial obligations for

the club.

King also faces a criminal trial involving more than 300 charges.

LOAD

-

DATE:

January 21, 2009

LANGUAGE:

ENGLISH

PUBLICATION

-

TYPE:

Newspaper

JOURNAL

-

CODE:

BD

Copyright 2008 BDFM Publishers PTY Ltd.

All Rights Reserved

Google is your friend.

Funny the South African article says the same thing ... R200m and INCOME. ...

Edit: What was it this blogger didn't understand? Rangers speak?

Amazulu? Too good to be forgotten.

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I listened to Paul Murray's interview on Sportsound earlier. Utterly delusional and clearly he's learned nothing from the last few years. Rangers will be back challenging Celtic in 2 years, Rangers are the biggest club in Scotland and need to lead the way on Scottish football, the standard of the Premiership is lower since Rangers declined (possibly because there is one less team spending money on players they can't afford) were amongst some of his claims.

His generation of Rangers fans will never change, they've been brainwashed to believe this nonsense. However I suppose they have little choice but to believe him, the alternatives are even worse.

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I listened to Paul Murray's interview on Sportsound earlier. Utterly delusional and clearly he's learned nothing from the last few years. Rangers will be back challenging Celtic in 2 years, Rangers are the biggest club in Scotland and need to lead the way on Scottish football, the standard of the Premiership is lower since Rangers declined (possibly because there is one less team spending money on players they can't afford) were amongst some of his claims.

His generation of Rangers fans will never change, they've been brainwashed to believe this nonsense. However I suppose they have little choice but to believe him, the alternatives are even worse.

He's pandering to the lowlife Rangers fans.

The stuff about challenging Celtic when they can't beat Cowdenbeath is a joke.

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He's pandering to the lowlife Rangers fans.

The stuff about challenging Celtic when they can't beat Cowdenbeath is a joke.

I hope those Cowdenbeath boys enjoy a beer tonight. After a humping like that from Hearts, to bounce back with a clean sheet and a point against the KingStar Franchise is impressive.

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