OLDCO Rangers owes HM Revenue & Customs (HMRC) more than £94 million in unpaid taxes, according to its administrators.
The figure was revealed in Duff & Phelps's final report to creditors, which also shows the administrators are seeking more than £3.1 million in fees.
The document reveals that HMRC's claim against the club totals £94,426,217 –£73m for the "big" tax case, £3m for the "wee" tax case and £18m for unpaid PAYE and national insurance from former owner Craig Whyte's time at the club.
The "big" case relates to Rangers' use of employee benefit trusts to pay players and directors from 2001 to 2010. A decision on that case is expected later this month.
The "wee" case involves another tax avoidance scheme – known as discounted options – for former players Tore Andre Flo and Ronald De Boer between 2000-01 and 2002-03.
Duff & Phelps say they have drawn up the figures for "voting purposes" and creditors have until October 12 to vote on the report.
When the administration period ends, the old Rangers FC will be placed in the hands of liquidators BDO.
Ticketus also continue to seek £26,711,857, but Duff & Phelps say evidence suggests that the claim is unenforceable.
The old Rangers FC was forced into administration by HMRC on February 14 over non-payment of tax.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article