Drainfish

Another talent tempted to the dark side with the OF shilling. Can't even argue that the coaching would be better as Ally clearly doesn't have a clue so he's not likely to progress much there either.

Who are this Rangers club you talk of? I have failed to find them in any of the big leagues

They would do alot better too if there weren't so many OF Gloryseekers in the far north east. They should get behind their local team.

League titles and cup wins remain the property of the issuing authority, so it would make it difficult for Green to contest the stripping of titles if that was what the SPL commission decided. It would be easier to contest a financial penalty or points deduction to newco though...

Quite true but also quite sad that Rangers leadership and also the press and referees are darkened by the violent cohort of the clubs support. Personally I'd walk away if my club was infiltrated by eejits as I wouldn't want to be associated with them, but credit to you that you recognise it is a major problem. Next question is: do you and Rangers care enough to do much about it?

I may be jumping the gun, as it's unclear if they need to be a director in both - however if Murray is involved again in any capacity it seems pretty shady

For those not familiar with HMRC phoenix company reporting. We now have all three, so it should instigate a further HMRC probe at least. http://www.hmrc.gov....ual/ins1121.htm Setting the 'phoenix' signal Successor companies are highlighted on BROCS and IDMS by the setting of the phoenix signal. The signal is set on the BROCS record by the Recovery Office only if all the criteria below are met. An associated Insolvency Compliance Unit (ICU) or office involved in similar work will generally identify successor companies which meet the criteria and ask the Recovery Office to set the signal. The criteria for setting the signal are one or more directors (including shadow directors) who are common to both the liquidated company and the successor company, and there was Revenue debt of £10,000 or more (actual or estimated) in respect of the liquidated company, and the same trade or business is carried on by the successor company.

Ah, the final key required for Phoenix legislation to be guaranteed - involvement of a previous director. Brilliant - you really couldn't make it up. HMRC round 2 - ding ding!!

To be fair, if they are seen as a new club without baggage/history then the only sticking point would be the asset sale value which BDO may or may not address. Title stripping etc is then irrelevant to the new club. The main risk for green et al is the wandering between newco and 'still the same club' mind sets as and when it suits. Acting as if nothing has changed is likely to increase the interest of HMRC. Threatening legal action on the SPL for title stripping may bring the wrath of FIFA or UEFA. It would be better to just accept newco status and ditch the baggage...

http://www.hmrc.gov....al/ins45005.htm INS45005 - Successor companies: Background: What is a successor company? For the purposes of this guidance successor companies (often called 'phoenix companies') are companies set up to continue the trade of the previous failed company with the same directors or company secretaries, often trading from the same business premises with the same assets and employees. The previous liquidated company and the successor company can be linked in several ways, but the following links are ones which may give a reason to consider whether the successor company and the previous company deserve further consideration: Are the directors the same or is there evidence that the directors of the previous company are connected with those of the successor company, or involved in its management? Is the successor company carrying on the same trade as the previous company? Are the employees the same? Is the trading or company name the same or similar? Are the trading premises the same? Did the successor company acquire assets from the previous company? So... 1) same name 2) same premises 3) assets acquired at less than trade value 4) (some) of same employees. 5) definitely trying to carry on same trade in same manner. 6) unclear about directorship but probably not the same (has been seen by SFA)

The pope and the queen have nowt to do with football, so for someone to put it into a football context they are either thick as mince or a bigot. Pick or choose

No big screen??

I won't use the B word, however: There are plenty of other teams out there without any of the religious baggage associated with them. If you associate with idiots, then be expected to be treated as an idiot. Doesn't matter how intelligent you might be on paper, your choices in life affect how folk treat you. It is easy to walk away from the OF and the filth and hatred they bring. Personally, I'm looking forward forward to no OF games for 3 years and all the crap I get through work following the neds hitting, punching and stabbing each other. OF weekends are the short straw ones to work - I'm sure my taxes could be better spent. By supporting the OF you are only perpetuating the cycle of idiocy that goes with this pair of clubs. I thought sevco might be good as it could be a fresh start for rangers but rather than use it for a new start with a different agenda they have focused on being as close a replica as possible. Sad that a good opportunity has been missed.

I'm not sure of the legalities here and maybe someone with more knowledge could clarify. Green bought the assets for 5.5 million which were presumably sold at cost value from the administrator. The oldco has obvious large debt and therefore little intrinsic value. The newco however is valued at 55 million?? Surely this implies that the assets have been significantly undervalued in the sale?? There are issues with who would buy etc and value is only what someone would pay but we know that there were groups willing to pay more than Green eg the Smith 6.5 million bid. Valuing the newco so highly though suggests to me that either the liquidators are negligent or Green is vastly over inflating the club and taking investors for a ride.