Football in the financial dock, a fraud against taxpayers?

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There has been some very bad news for football over the last week. The fact that Glasgow Rangers have been put into administration, by the club's owner, is an indication of the sorry state the Beautiful Game is in both financially and in terms of management.

This latest occurrence has come about as a result of Her Majesties Revenue and Customs (HMRC) demanding up to £50 million in unpaid taxes and National Insurance contributions due on money paid into Employee Benefit Trusts (EBTs).

Read more at Arsenal Insider

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