cuyahoga Posted June 12, 2012 Share Posted June 12, 2012 BREAKING NEWS Strathclyde Police have just confirmed the closure of the Erskine, Squinty and Kingston Bridges amid fears of mass lots of suicide attempts by Re Peepul. 0 Quote Link to comment Share on other sites More sharing options...
Broccoli Dog Posted June 12, 2012 Share Posted June 12, 2012 Can we officialy stop the use of the phrase "Old Firm" from today then seeing it's now defunct ? It depends, if the SPL allow direct access to the league for Newco Rangers then we can extend the term to include all 12 teams. 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted June 12, 2012 Share Posted June 12, 2012 A boy in my work just said that the Blazers are meeting on Monday to vote on the NEWCO scenario. Can't see this confirmed anywhere else though? 0 Quote Link to comment Share on other sites More sharing options...
Rod Posted June 12, 2012 Share Posted June 12, 2012 To be fair, I put in Mediocrity, deleted it, put it in again, deleted it again, put it in again, deleted it again, and then left it for someone else to "Correct it for me".... Bravo 0 Quote Link to comment Share on other sites More sharing options...
steelman65 Posted June 12, 2012 Share Posted June 12, 2012 It depends, if the SPL allow direct access to the league for Newco Rangers then we can extend the term to include all 12 teams. Surely Aberdeen and Dundee Utd are now the Old Firm 0 Quote Link to comment Share on other sites More sharing options...
Lyle Lanley Posted June 12, 2012 Share Posted June 12, 2012 The Edinburgh Derby could be the biggest derby in Scotland soon 0 Quote Link to comment Share on other sites More sharing options...
thelegendthatis Posted June 12, 2012 Share Posted June 12, 2012 (edited) So, amidst all the celebrations, its important to remember that this is the beginning (of the end?) rather than the end. What happens next? 1) Newco is created and Green buys something for this £5.5m, but what exactly? 2) Newco applies to SPL to transfer share - and SFA to transfer membership, presumably? 3) The players. What happens to them? Employment contracts transfer under TUPE (or dont if they want to walk) but what about the football registrations? 4) Oldco is liquidated and HMRC liquidators come in and start to investigate the whole shenanigans. 5) SFA still to come back with the punishment from the CoS appeal 6) SPL still to report on the dual contracts Took me half an hour to catch up with the posts since HMRC made their announcement. I get to the end only to find another 2 pages to go. Statement on Rangers Football Club "A liquidation provides the best opportunity to protect taxpayers, by allowing the potential investigation and pursuit of possible claims against those responsible for the company's financial affairs in recent years. A CVA would restrict the scope of such action. Moreover the liquidation route does not prejudice the proposed sale of the club. This sale can take place either through a CVA or a liquidation. So the sale is not being undermined, it simply takes a different route. Liquidation will enable a sale of the football assets to be made to a new company, thereby ensuring that football will continue at Ibrox. It also means that the new company will be free from claims or litigation in a way which would not be achievable with a CVA. Rangers can make a fresh start." So they want to ensure the liquidators get their hands on all documentary evidence so the investigation can be full and complete. With a view to pursuing claims for dodgy dealing 'in recent yearS'. Not last year, but recent years. And they don't want to be restricted with the CVA route. They obviously expect there will be claims against Rangers which have yet to come out of the woodwork, despite the document prepared as part of the CVA by Duff & Duffer. Suspect the BTC will fall into their lap. So the tone and content says to me they are not too worried about the money, but they are going to get to the bottom of who did what, or allowed things to happen, and they will be pursued financially and through the courts. Note: This sale will take place 'to a new (unnamed) company'. Somehow that does not smack of a rubber stamp for the Green Newco as 'agreed' with Duff & Duffer. So tomorrow it will be all over for Rangers FC 1873-2012. We can celebrate today but essential to keep the eye on the ball(s). 1. The Newco. Will it be the sort of football club we want, owned by honest people, run in an honest way? 2. The SPL taking the right decisions for Scottish football. 3. The SFA learn from the mistakes and limitations in their powers and ability to implement them, so they can end up with better governance across all aspects and levels of Scottish football. 4. That Duff & Duffer are made accountable for how they attempted to manipulate the administration to suit their goals and not those of the creditors. 5. The Scottish media must continue to be hounded to tell us what is really going on in the future, not just there to rehash spin and press releases from clubs or agents that have no relationship to reality. (Even the BBC website today http://www.bbc.co.uk...otball/18407309 is full of quotes from Green and Duff & Duffer) Essential we keep on all these cases, and give the punters an increasingly important and influential voice as the necessary changes are made. It will take years, but we will still be here long after Whyte, Murray, Green, Johnston have gone. Edited June 12, 2012 by thelegendthatis 0 Quote Link to comment Share on other sites More sharing options...
Lyle Lanley Posted June 12, 2012 Share Posted June 12, 2012 Brown on Sky Sports News 0 Quote Link to comment Share on other sites More sharing options...
Gaz Posted June 12, 2012 Share Posted June 12, 2012 Jody Morris is fair giving it a greet on the ol' Twitter 0 Quote Link to comment Share on other sites More sharing options...
An Sionnach Posted June 12, 2012 Share Posted June 12, 2012 "The consequence of the rejection of a CVA outcome is that sanctions will be applied to the Club by UEFA and that the Club will not be able to participate in Europe for three years and the new company will need the consent of the other SPL clubs to the transfer of the share in the SPL, in order for Rangers to continue playing in the SPL." f**k NO!!! Let them start over again in the Juniors, like Clydebank had to! (Makes note to register a protest at Hampden Park on the way to work) 0 Quote Link to comment Share on other sites More sharing options...
Neiljb Posted June 12, 2012 Share Posted June 12, 2012 Airdrie Utd and Airdrieoneans sound pretty similar to me so why not I suppose? Edit: Athough I suppose Airdrieoneans didn't turn into Airdrie Utd. Who know's, but as Airdrie United play in Airdrie I suppose the new name makes perfect sense. Re-using "Rangers" in newco would seem a bit naughty to me. 0 Quote Link to comment Share on other sites More sharing options...
Araminta Moonbeam QC Posted June 12, 2012 Share Posted June 12, 2012 Out of Hughie Greens already. Damnit. 0 Quote Link to comment Share on other sites More sharing options...
JRS LEFT PEG Posted June 12, 2012 Share Posted June 12, 2012 Think this new name is a huge matter of interest now . No use to us if they can simply call themselves Rangers fc or whatever. This is a new team now and the name should be distant from the original or there will be no noticeable difference 0 Quote Link to comment Share on other sites More sharing options...
Chazza1910 Posted June 12, 2012 Share Posted June 12, 2012 Oh yes, lest we forget...... Doncaster refused to talk about a 'newco scenario' as he 'didn't expect the situation to arise as a CVA would be accepted'. God, man, go now! 0 Quote Link to comment Share on other sites More sharing options...
TheGreenMonster Posted June 12, 2012 Share Posted June 12, 2012 Just been asking myself the same question. I think they are officially "Rangers Football Club" Can they just alter to say "Glasgow Rangers Football Club", or do they have to distance themselves further from the old brand? Recently with a couple of smaller clubs down in England HMRC have actually went to court to stop Newco's from using a similar name if they are owed money, if they are consistent with their approach you would expect them to do the same in this case but somehow I doubt it. 0 Quote Link to comment Share on other sites More sharing options...
An Sionnach Posted June 12, 2012 Share Posted June 12, 2012 The Edinburgh Derby could be the biggest derby in Scotland soon Was a pretty big event the other month by ma hoose in the Glasgow Southside! 0 Quote Link to comment Share on other sites More sharing options...
7-2 Posted June 12, 2012 Share Posted June 12, 2012 STV - Rangers special BBC Glasgow - Rangers special Talksport - The England supporters band refused entry to last nights game. Do we really need them? Rangers, a global brand. 0 Quote Link to comment Share on other sites More sharing options...
Wings Over Scotland Posted June 12, 2012 Share Posted June 12, 2012 But, the players are being "sold" to the newco before liquidation, so that scenario doesnt apply. Eh? Where are you getting that from? The newco doesn't exist yet, and any attempt to transfer assets to it in the meantime would be spectacularly illegal (counts as "putting assets beyond reach of creditors"). 0 Quote Link to comment Share on other sites More sharing options...
Spain Posted June 12, 2012 Share Posted June 12, 2012 BDO partners Malcolm Cohen and James Stephen will be appointed joint-liquidators to the old company, although no timescale for when this will happen has been made available.Cohen said: "Once BDO is formally appointed, the joint liquidators will be seeking to protect any remaining assets, maximise recoveries for the benefit of creditors, and investigate the reasons behind the failure of the company. "It is right that there is a full and robust investigation into why the company failed, together with concerted efforts to recover monies for creditors and the taxpayer. This may include pursuit of possible claims against those responsible for the financial affairs of the company in previous years." 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted June 12, 2012 Share Posted June 12, 2012 Leggo sucking up to HMRC 0 Quote Link to comment Share on other sites More sharing options...
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