DuntoiRab Posted April 29, 2012 Share Posted April 29, 2012 Breaking news! A new bidder has stepped in with more than enough funding to wipe out the debt and allow RFC to continue "as a going concern capable of competing for Scottish and European honours for decades to come". The rarely-interviewed individual stated that "Rangers' global reach and activities match my own ambitions and current portfolios". This story looks like coming to end soon. Aided and abetted by 0 Quote Link to comment Share on other sites More sharing options...
Al B Posted April 29, 2012 Share Posted April 29, 2012 In fact, bare with me which I have a little chuckle to myself. Ok, done. 0 Quote Link to comment Share on other sites More sharing options...
Disco Duck Posted April 29, 2012 Share Posted April 29, 2012 This is all about change of ownership of a company. It has nothing to do with the transfer of assets from oldco to newco. It's not. A newco would have nothing to do with the shares of the oldco. Certain assets and liabilities would transfer if they want to buy them, and the players would be transferred across under TUPE. IIRC, the employees transferred across can't legally have any worse terms and conditions than they currently have. 0 Quote Link to comment Share on other sites More sharing options...
sparky88 Posted April 29, 2012 Share Posted April 29, 2012 its on transfer roumors twitter page. Wish you'd told us before, guaranteed to happen now. 0 Quote Link to comment Share on other sites More sharing options...
Stu Posted April 29, 2012 Share Posted April 29, 2012 I take it we shall shortly be seeing Rangers fans walking away early from Parkhead? And by early I mean the 60th minute, rather than staying until 15 minutes from time as usual. 0 Quote Link to comment Share on other sites More sharing options...
HibeeJibee Posted April 29, 2012 Share Posted April 29, 2012 roumors still on twitter from today that celtic are gathering support for move to english 1st devision? I don't see any likely flaws or hurdles in this masterplan whatsoever. Bit harsh on Barnsley, though. 0 Quote Link to comment Share on other sites More sharing options...
MarreZ Posted April 29, 2012 Share Posted April 29, 2012 Celtic obviously didnt get the flyer about kicking your friends when they are down. 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted April 29, 2012 Share Posted April 29, 2012 Strachan again, suggesting that Celtic will spend less if Rangers die. "They might only spend £3m a year buying players from Scottish clubs instead of £8m a year" That's only partially true, they will be spending less. As they'll have a massive reduction in income, through loss of TV money, sponsorship etc. Though I can't recall them ever spending £3M a year, within the Scottish transfer market, never mind 8. 0 Quote Link to comment Share on other sites More sharing options...
Gaz Posted April 29, 2012 Share Posted April 29, 2012 (edited) its on transfer roumors twitter page. Well, I'm convinced. EDIT: Incidentally, does more than one person use your account? Sometimes you come across as pretty articulate, and sometimes as borderline illiterate. Edited April 29, 2012 by Gaz 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted April 29, 2012 Share Posted April 29, 2012 That's only partially true, they will be spending less. As they'll have a massive reduction in income, through loss of TV money, sponsorship etc. Though I can't recall them ever spending £3M a year, within the Scottish transfer market, never mind 8. Well Scott Brown wasn't like decades ago 0 Quote Link to comment Share on other sites More sharing options...
MarreZ Posted April 29, 2012 Share Posted April 29, 2012 Well Scott Brown wasn't like decades ago It was during the Setanta money era though, different to now. 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted April 29, 2012 Share Posted April 29, 2012 It was during the Setanta money era though, different to now. That wasn't the question tho ........Kiddy must be like 10 years old if he cannae mind that far back 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted April 29, 2012 Share Posted April 29, 2012 (edited) Well Scott Brown wasn't like decades ago You paid that much for him? Any others? There's a list, the length of a good tattooed sleeve, of cash the OF have exported abroad. Be it to foreign clubs or players & their agents. However, the Brown one must leave you with a good few fingers left on your hand. Edited April 29, 2012 by kiddy 0 Quote Link to comment Share on other sites More sharing options...
WeeHectorPar Posted April 29, 2012 Share Posted April 29, 2012 It's not. A newco would have nothing to do with the shares of the oldco. Certain assets and liabilities would transfer if they want to buy them, and the players would be transferred across under TUPE. IIRC, the employees transferred across can't legally have any worse terms and conditions than they currently have. But players would have to sign new contracts with newco. They are not assets that can be simply transferred from one company to another. Their contracts with the old company are null and void. If they wish to stay with the newco then they can under the same conditions but they cannot be forced to. 0 Quote Link to comment Share on other sites More sharing options...
Gaz FFC Posted April 29, 2012 Share Posted April 29, 2012 Jim Traynor just said that TBK are only offering £1.5 million in cash to creditors, ie 1p in the pound! Is the blue knights financial backers some kids piggy bank? 0 Quote Link to comment Share on other sites More sharing options...
scottxs Posted April 29, 2012 Share Posted April 29, 2012 good to hear chick on the verge of tears. just asked alistair mccoist is it liquidation. and what does that mean." well what it means chick is your club is as dead as a dodo. GIRFUY 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted April 29, 2012 Share Posted April 29, 2012 wish rangers would make their mind up they have been telling us for years that scotland doesnt need the OF and will thrive if they go to England....now its if rangers get a year signing ban its certain death for every club . 0 Quote Link to comment Share on other sites More sharing options...
Cutty Old Posted April 29, 2012 Share Posted April 29, 2012 good to hear chick on the verge of tears. just asked alistair mccoist is it liquidation. and what does that mean." well what it means chick is your club is as dead as a dodo. GIRFUY Neil McCann's comments after the match say it all about the deluded media sycophants. He was alluding to the fact that some people want to see Rangers in the third division and while that may be a cash injection for the lower league clubs, the teams in the SPL will suffer when the Old Firm fans are not visiting their grounds. Well, first of all Neil, I would assume that the 'other' half of the Old Firm will still be visiting. Secondly, according to a certain Mr Jardine, the victims in all of this, Rangers, will be boycotting away games. Maybe Neil will come out and explain where the benefits are for other teams if Rangers are allowed to keep their place in the SPL. I would comment on Charlie Nicholas and his point of view but, to be honest, he is an irrelevance and not worth talking about. Why he is allowed on T.V. is one of the mysteries of the modern world. 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted April 29, 2012 Share Posted April 29, 2012 But players would have to sign new contracts with newco. They are not assets that can be simply transferred from one company to another. Their contracts with the old company are null and void. If they wish to stay with the newco then they can under the same conditions but they cannot be forced to. You have obviously never been transfered by TUPE then. No they wouldn't, yes they are (for a consideration of course), no they're not & I'll agree with you on the last two points. 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted April 29, 2012 Share Posted April 29, 2012 But players would have to sign new contracts with newco. They are not assets that can be simply transferred from one company to another. Their contracts with the old company are null and void. If they wish to stay with the newco then they can under the same conditions but they cannot be forced to. And as on June 1st (?) the contracts revert to their old inflated value, any Newco couldn't have them (esp in Div 3). 0 Quote Link to comment Share on other sites More sharing options...
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