scot wrote:
seems the marrs who own dundee private hire arent as well off as some may think
http://www.thecourier.co.uk/output/2003 ... 6134t0.aspTodays Daily Record (thats like our Sun) reports that the inland revenue have applied to liquidate Dundee FC.
Interesting also that one of the new directors appointed by the Marrs was an ex-Serbian military general. I've also read that he's a lawyer and has represented both Harlold Shipman and SAddam Hussein, believe it or not.
Still no mention of the PH firm though.
Caledonian Cabbie
TAXMAN BIDS TO SHUT DOWN DUNDEE Nov 4 2003
SPL club faces court survival battle next week
By Brian Mccartney
THE taxman has begun a legal battle to close Dundee Football Club.
The Inland Revenue applied last Thursday to have the club put into liquidation.
If the bid succeeds, Dundee would face being wound up. And a judge in Edinburgh couldmakesucharulingasearlyasnextweek.
The case at the Court of Session seems to dash hopes that the arrival of controversial new director Giovanni di Stefano had solved Dundee's cash problems.
The club's accounts for the year to 31 May 2002 revealed a loss of £6.64 million. The figures were posted four months late.
The details of the taxman's case against Dundeehave not been made public. But it could involve several aspects of the club's finances.
Many football clubs trade at a loss, so tax officials want to make sure they declare all their income from gate receipts, shop takings, catering and other areas.
The Inland Revenue also looks at the way players and staff are paid, to make sure offshore bank accounts are not used to avoid tax and national insurance.
Some hard-pressed clubs are known to be using sophisticatedschemes, like trusts, in a bid to balance the books. And football is one of the businesses being targeted by the taxmanover possible tax evasion.
The Revenue got an extra £66 million last year to go after tax dodgers.
Dundee's last accountsshowedthe club was losing money at the rate of £127,000 a week.
The wage bill increased by £800,000, while the gate receipts, commercial income and TV and radio revenue all fell.
Dundee's bankers, the Bank ofScotland, helped keep the club going by allowing the board of directors to increase borrowings to £6.5 million.
But the Bank has warned Dundee, and the other nine SPL clubs who are customers, that they must stick to their overdraft limits.
And bank bosses insist that they won't be coming up with any more cash.
The Daily Record revealed in March 1999 that Giovanni Di Stefano wanted to invest in Dundee.
But his controversial friendships meant he had to wait more than fouryears before joining the board. Di Stefano was exposed as a Serb military general and close friend of war criminal Zeljko Raznatovic, known as Arkan.
Arkan's private army, the Serbian Tigers, are blamed for killing at least 2000 people in the wars that ripped the old Yugoslavia apart.
Di Stefano spent three years in an English jail for fraud.
His conviction was overturned in 1989, and he made his fortune three years later when he was involved in a £500 milliontakeoverof MGM Studios.
Di Stefano is now thought to beworth £300 million, and his wealth was believed to be behind the recent signings of former Scotland midfielder Craig Burley and Italian striker Fabrizio Ravanelli.
Dundee's other three directors are chief executive Jim Connor and brothers Peter and Jimmy Marr.
Peter Marr, the former chief executive, now lives as a tax exile in Majorca. He was the man who invited Di Stefano on to the board.
The Inland Revenue refused to comment on the court case last night.
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