Take That could be ''victims'' after getting caught up in a tax avoidance scam.
Rebus Group tax scheme expert Martin Taylor told The Sun on Sunday newspaper: ''The alarm bells were already ringing by the time they invested.
''It's a complete mess for those caught up in it. There's no doubt it will hit their image. These are complex issues.
''People are naive and listen to their advisers. They can be victims, not just villains.''
Meanwhile, it has been claimed the 'Greatest Day' hitmakers were ''bamboozled'' by being tricked into the scheme - which could see them pay HM Revenue & Customs £20 million.
An insider told the Sunday Mirror newspaper: ''They guy in the band have worked too hard building a good reputation to let themselves become tangled up in anything they believed to be dodgy.
''They are asking serious questions about how their money became tied up in a scheme it's now clear was not all it seemed.
''Many investors feel they have been bamboozled into investing in something which they would never have become involved in if they had been told what they now know.''