Date set for Rangers SPL vote as EBTs to be probed

Monday 18 June 2012

Scottish Premier League clubs will vote on Wednesday July 4 on whether to admit the 'newco' Rangers to the top flight.

The SPL board set the date at a meeting today, where it was also decided that disciplinary charges will be brought against Rangers following an investigation into the alleged use of dual contracts once the future of the club is clearer, but before the start of next season.

On the investigation into Employee Benefit Trusts (EBTs), a statement from the SPL read: "The investigation has now been completed and, in the view of the SPL, there is a prima facie case to answer in respect of its Rules."Rangers were consigned to liquidation last week when creditors formally rejected a Company Voluntary Arrangement (CVA) after Her Majesty's Revenue and Customs had indicated their unwillingness to agree to the proposal.A consortium led by Charles Green subsequently completed the purchase of the business and assets of Rangers as a newco for £5.5million.The new regime now faces a wait of more than two weeks to learn whether the other SPL clubs will vote in favour of allowing the new company into the top-flight.Next season's fixtures were released this morning with Rangers replaced with 'Club 12' until the situation is clarified.An SPL statement read: "An application for registration of transfer of Rangers' SPL share has been received."Consideration of the application will depend on receipt by the SPL Board of all required documentation and verification."A general meeting of all 12 member clubs has been convened for 10am on Wednesday 4 July 2012 for members to decide whether to approve the transfer."

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Date set for Rangers SPL vote as EBTs to be probed

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