Double Jack D Posted February 6, 2013 Share Posted February 6, 2013 I heard Neil Doncaster saying last night when Rangers had been liquidated the SPL share had to be transferred to a new company Why isn't the share with the club instead? If it was with the clubs then no vote would have needed to be taken to allow Newco into the SPL Graham Spiers clarified it when he asserted that Club and Company are the same thing. All makes sense when you follow that logic but I suspect you already know that If the share belonged to the club, supposedly bought by the new company, Rangers would still be in the SPL. Wait a minute.... that never happened. New Club! Start from Scratch! 0 Quote Link to comment Share on other sites More sharing options...
Bearwithme Posted February 6, 2013 Share Posted February 6, 2013 (edited) You know the answer to that The definition of a football club is "the legal entity fully responsible for the football team participating in national and international competitions" the company is the club. The SPL's rules talk about "The owner and operator of a Club". The SPL is a company* and it is the owner and operator of a Club which holds the share in that company. * Formerly DUNWILCO (597) LIMITED. Edited February 6, 2013 by Bearwithme 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted February 6, 2013 Share Posted February 6, 2013 Graham Spiers clarified it when he asserted that Club and Company are the same thing. All makes sense when you follow that logic but I suspect you already know that If the share belonged to the club, supposedly bought by the new company, Rangers would still be in the SPL. Wait a minute.... that never happened. New Club! Start from Scratch! Is Britney an expert in company law now? He also once said that Rangers fans should be arrested for thought crimes, he's a crank 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted February 6, 2013 Share Posted February 6, 2013 If you must know ! it's the stupid orcs on here irritating me with nonsensicle posts like you posted there ! ya didn't read it or if you did you didn't like it so just decided to post some deflective pish instead. It's time for you to put aside all this blogging malarkey, from what i've read most bloggers are attention seekers pretending to be in the know and having their ego's stroked. Hell i'd even welcome going back to the old sectarian debates than all this company law, financial and legal pish. Which most folk do not fully understand anyway, yet put their faith in some nutter with a blog. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted February 6, 2013 Share Posted February 6, 2013 This why you shouldn't read too much into the first set of annual accounts. Ragers fans will no doubt be screaming GIRUY to what they percieve at Timmy doom merchants. Once we've seen the second or third set of accounts it will become much more clear. EDIT: Don't know if anyone heard Tommy Gold's interview with Oli from Ticketus. Don't listen to anything beyond 20 mins in part 2, because he falls into his usual farfetched conspiracy theories. Some things we did find out are... 1. Whyte had control of club before going to Ticketus 2. Minty recommended Ticketus to Whyte 3. Ticketus had corporate and personal guarantees even if club went into liquidation and a team like Rangers took its place whist still playing in a stadium called Ibrox. However. this did not apply under Scots law, like it would have done under UK law. 4. Ticketus looked at buying club with Blue knights, but couldn't see any possible way of making money. Selling off Ibrox or training ground would be politically impossible. Lease is only real way of making money long term. Tell me that isn't Tommy from glasgow? 0 Quote Link to comment Share on other sites More sharing options...
dave.j Posted February 6, 2013 Share Posted February 6, 2013 It's time for you to put aside all this blogging malarkey, from what i've read most bloggers are attention seekers pretending to be in the know and having their ego's stroked. Hell i'd even welcome going back to the old sectarian debates than all this company law, financial and legal pish. Which most folk do not fully understand anyway, yet put their faith in some nutter with a blog. You sound like Coisty..... "we just want to move on from dual contracts, lets stop talking about it." 0 Quote Link to comment Share on other sites More sharing options...
stonedsailor Posted February 6, 2013 Share Posted February 6, 2013 The SPL's rules talk about "The owner and operator of a Club". The SPL is a company* and it is the owner and operator of a Club which holds the share in that company. * Formerly DUNWILCO (597) LIMITED. Uefa definitions trump the SPL's made on the hoof rulebook. 0 Quote Link to comment Share on other sites More sharing options...
killingfloorman Posted February 6, 2013 Share Posted February 6, 2013 You sound like Coisty..... "we just want to move on from dual contracts, lets stop talking about it." I'll bet he does, he must be bricking it in case a demand comes through his letter box 0 Quote Link to comment Share on other sites More sharing options...
youngsy Posted February 6, 2013 Share Posted February 6, 2013 Tell me that isn't Tommy from glasgow? The one and the same,bennett. Enough said. 0 Quote Link to comment Share on other sites More sharing options...
Fotbawmad Posted February 6, 2013 Share Posted February 6, 2013 Tell me that isn't Tommy from glasgow? He may be a paranoid schizophrenic, but thats no different from the typical poster on OrcMedia. However, its an interviewee and what he was saying that should worry most zombies. We now know there was an increasingly liklihood that Minty gave Craigy Bhoy a helping hand and a very high likelihood of Sevco having to rent their ground and facilities for years to come. 0 Quote Link to comment Share on other sites More sharing options...
Fasda Posted February 6, 2013 Share Posted February 6, 2013 It's time for you to put aside all this blogging malarkey, from what i've read most bloggers are attention seekers pretending to be in the know and having their ego's stroked. Hell i'd even welcome going back to the old sectarian debates than all this company law, financial and legal pish. Which most folk do not fully understand anyway, yet put their faith in some nutter with a blog. Please yourself but it's not the sectarian debate that killed your club it was all that "law, financial and legal pish" that you're still desperately trying to ignore that did it for you. -1 Quote Link to comment Share on other sites More sharing options...
~~~ Posted February 6, 2013 Share Posted February 6, 2013 Please yourself but it's not the sectarian debate that killed your club it was all that "law, financial and legal pish" that you're still desperately trying to ignore that did it for you. Remember at the start of the season Charlie Green did tell us it was down to bigotry...... 0 Quote Link to comment Share on other sites More sharing options...
archie guevara Posted February 6, 2013 Share Posted February 6, 2013 http://blogs.channel4.com/alex-thomsons-view/revealed-rangers-windingup-petition/4020 Interesting. Probably nothing in it, other than an insight into how Charlie does business. Get someone to do something and then not pay them until really really necessary. 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted February 6, 2013 Share Posted February 6, 2013 Lolz if true http://blogs.channel4.com/alex-thomsons-view/revealed-rangers-windingup-petition/4020 Orlit Enterprises, based in Singapore, is seeking to petition the Scottish Court for a winding-up order against Rangers. Sources close to this legal action have spoken exclusively to Channel 4 News today. This claim arises from the club’s alleged failure to pay two of the four invoices issued by Orlit. The outstanding sum is £400,000. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted February 6, 2013 Share Posted February 6, 2013 Please yourself but it's not the sectarian debate that killed your club it was all that "law, financial and legal pish" that you're still desperately trying to ignore that did it for you. Talk about the missing the point... If anyone thought the sectarian debate was boring then ...................... you work it out Einstein 0 Quote Link to comment Share on other sites More sharing options...
lithgierose Posted February 6, 2013 Share Posted February 6, 2013 after the news yesterday about hector and now this.my winter vomiting virus feels so much better. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted February 6, 2013 Share Posted February 6, 2013 Lolz if true http://blogs.channel4.com/alex-thomsons-view/revealed-rangers-windingup-petition/4020 Orlit Enterprises, based in Singapore, is seeking to petition the Scottish Court for a winding-up order against Rangers. Sources close to this legal action have spoken exclusively to Channel 4 News today. This claim arises from the club’s alleged failure to pay two of the four invoices issued by Orlit. The outstanding sum is £400,000. Here we go again, it never rains but it pours. I await the offical statement which will no doubt rubbish this but remember we've down this road before. 0 Quote Link to comment Share on other sites More sharing options...
dave.j Posted February 6, 2013 Share Posted February 6, 2013 so, rangers join Killie and hearts in receiving a winding up order... what was it tedi said about hearts getting their winding up order? Spot on, watch the "it wont happen brigade" deny and deflect I will now, erm.... sit back and watch the "it won't happen brigade" deny and deflect... 0 Quote Link to comment Share on other sites More sharing options...
Bearwithme Posted February 6, 2013 Share Posted February 6, 2013 Thomson says: "After some days of often feverish online speculation, I am now able toclarify the situation regarding the winding-up order which may soon beserved against the Rangers Newco". We'll see what happens. 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted February 6, 2013 Share Posted February 6, 2013 Don't worry, Rangers are debt free! They can pay that money easily 0 Quote Link to comment Share on other sites More sharing options...
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