Follow, Follow the Money
Rangers hasn't been accused of doing anything illegal in its tax treatment of player payments, the Glasgow football club wishes to emphasise.
That's an odd message for the chairman Alistair Johnston to highlight, suggesting something of a raw nerve is being hit by reporting of its dispute with Her Majesty's Revenue and Customs.
The figures bandied around are north of £20m. That liability is being vigorously contested, and while the club says its legal advice should reassure, it meanwhile continues to leave a significant question mark over the club's accounts, with the figures for the first half of its financial year out today.
That's not to be confused with another tax bill linked to the way players were being paid between 1999 and 2003, for which £2.8m is being set aside while talks go on with HMRC.
The other unusual message from Rangers half-year accounts is written confirmation of what manager Walter Smith has previously blurted out, but which was then played down - that Lloyds Banking Group has been calling the shots.
They've reached "a template for collaboration", which most bank customers would prefer to take for granted, but "certain provisions imposed on the Club continue to compromise, in our opinion, management's ability to conduct its role with maximum efficiency".
The amount owed to creditors in the next year is up, close to £30m, and most of this is believed to be due to the bank.
One condition of an anticipated sale of Sir David Murray's majority stake to financier Craig Whyte is expected to clear that. That might explain the new-found candour.
Otherwise, the accounts reflect the continuing problems across Scottish football, but often magnified by the rollercoaster finances of the Old Firm.
One fewer match against Celtic in the first half of the season impacts on income, and snow reduced the number of premier league matches and income to the end of the calendar year.
But longer term, there have to be concerns at Ibrox that sponsorship is down and that season ticket income has fallen nearly 5%. Rangers is looking to league reform to revitalise the Scottish game "and its standing in European football".
Yet the Scottish game's financial challenges look more deep-seated than anything that can be solved by a different size of league.