I wonder whether this case will force the government to re-think the whole concept of football companies escaping their debts by going into liquidation. The situation is slightly different for a family-owned building firm or a retail chain - new funding to be found, the directors now have a 'history' which will make it difficult to attract trade to a newco etc. But, a newco football team? The new owner can call on the history and 'goodwill' of the old firm, basically for free. It also looks as though, in this case, they'd get access to the assets - grounds, players etc - for free.
It just feels unfair. And the government, especially the Tories, are awfully good at addressing unfairness, particularly when it impacts their tax income.
It makes me wonder where they'll say no to a CVA, even if liquidating means less cash for them, if they can then claim Ibrox and Murray Park as their share of the sale. Making a point and doling out punishment at the same time.