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Robbing of charities? Tut tut!!

The Scottish Charity Regulator (OSCR) has issued a damning report on Rangers Charity Foundation.

Following many complaints about funds originally to be raised for charitable purposes being diverted to a now liquidated football club, OSCR carried out a lengthy examination of the circumstances. The regulator has finally ruled that there was obvious misconduct by the charity with decisions made by one Trustee alone, that the Foundation ignored rules set out in its own Trust Deed and that decisions taken by Trustees breached their legal duties due to a clear conflict of interests.

The complaints related to moneys raised in a fundraising match between former players of Rangers and AC Milan. It was originally envisaged that the Foundation, a Scottish Charity that distributes moneys to good causes, and the AC Milan Foundation would share the proceeds of the match. But, as the now defunct Ibrox club had then just gone into administration, funds were diverted to the football club instead. A total of £191,430 was effectively lost to good causes because it was “donated†to the football club instead.

 

http://www.oscr.org.uk/news-and-events/latest-news/regulator-urges-football-charities-to-review-relationships/

 

http://scotslawthoughts.wordpress.com/2013/08/09/a-lesson-in-blatant-spinning-by-rangers-how-it-reported-the-charity-investigation-decision/

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Robbing of charities? Tut tut!!

The Scottish Charity Regulator (OSCR) has issued a damning report on Rangers Charity Foundation.

Following many complaints about funds originally to be raised for charitable purposes being diverted to a now liquidated football club, OSCR carried out a lengthy examination of the circumstances. The regulator has finally ruled that there was obvious misconduct by the charity with decisions made by one Trustee alone, that the Foundation ignored rules set out in its own Trust Deed and that decisions taken by Trustees breached their legal duties due to a clear conflict of interests.

The complaints related to moneys raised in a fundraising match between former players of Rangers and AC Milan. It was originally envisaged that the Foundation, a Scottish Charity that distributes moneys to good causes, and the AC Milan Foundation would share the proceeds of the match. But, as the now defunct Ibrox club had then just gone into administration, funds were diverted to the football club instead. A total of £191,430 was effectively lost to good causes because it was “donated†to the football club instead.

 

http://www.oscr.org.uk/news-and-events/latest-news/regulator-urges-football-charities-to-review-relationships/

 

http://scotslawthoughts.wordpress.com/2013/08/09/a-lesson-in-blatant-spinning-by-rangers-how-it-reported-the-charity-investigation-decision/

 

Were you bitten by a Rangers supporter as a child?

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