that values being placed upon liabilities are not materially different from the proposal
There needs to be a full disclosure of liabilities. In relation to RFC, this is complicated by the EBT liability raised by HMRC, that has been defended by the club, and is presently subject to a decision by a first tier tribunal.
That's one of the key issues for me. Plenty of people have been saying that Ibrox is no use other than a football ground but what about Murray Park? Milngavie is a nice part of Glasgow. Surely that's a prime piece of real estate if flattened?