Jeff J Mitchell/Getty Images
The biggest bill that Rangers owe comes from the EBT—the Employee Benefit Trust.
Between 2001 and 2010, the club paid £48 million into an EBT.
With EBTs, an employer pays money into a trust and that money is then paid out to the beneficiaries in the form of loans. These loans are not subject to income tax and in some cases, aren't taxed at all.
However, for an EBT to stay legal, these payments cannot be made on a contractual basis, because this would therefore make them wages and therefore, subject to usual tax deductions.
In essence, this is what the club was doing.
You still with me?
HMRC says that Rangers' EBT was, essentially, a tax scam to cheat the authority out of a massive amount of money.
Last year, the taxman hit the Govan side with a bill for £35m in unpaid tax and interest, as well as £14m in penalties.
This is one of the main reasons for Rangers' current insolvency situation.