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Big Rangers Administration/Liquidation Thread - All chat here!


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How is this farce over the last 3-4 years not bringing Scottish Football into disrepute?

They should be kicked out the league for good for this embarrassment.

Imagine if this was your run of the mill diddy team? No other club apart from Celtic would have been allowed to drag this sorry sideshow on for this length of time.

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How is this farce over the last 3-4 years not bringing Scottish Football into disrepute?

They should be kicked out the league for good for this embarrassment.

Imagine if this was your run of the mill diddy team? No other club apart from Celtic would have been allowed to drag this sorry sideshow on for this length of time.

This.

They have been a complete blot on the Scottish game for the past three years.

It's about time they were put out their misery.

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I know you are all lazy Bs so here is rule 1 of three.

1. Rule 4.228 of the Insolvency Rules 1986 - The first exception that will allow your company to reuse the name of an insolvent company that is otherwise a prohibited name

This is possibly the most important exception to reusing a company name in a phoenix company.Where a Company (the successor company) acquires the whole, or substantially the whole, of the business of an insolvent company, under arrangements made by an insolvency practitioner acting as its liquidator, administrator or administrative receiver, or a supervisor of a voluntary arrangement, the successor company may for the purposes of section 216 give notices under this Rule to the insolvent company's creditors.

The notice procedure to advise third parties that the old company registered name or trading name is to be reused by a successor phoenix company is very strict. Notices must be on a special form known as Form 4.73 and that Form 4.73 must be be sent to:

- The London Gazette within a set time period of 28 days within the completion of the purchase of the name and assets from the liquidator of the predecessor company and

- Every creditor of the previous insolvent company.

By following this procedure directors of the successor phoenix liability avoid the various penalties for using a prohibited company name - imprisonment, fine and personal liability for all of the debts of the successor company.

In other words if you do not follow the Rule 4.228 procedure to the letter then it is just the same as if your phoenix company was trading without the benefit of limited liability.

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I've seen a few Rangers fans on Twitter ecstatic that King's taking over. Genuinely, how can they be celebrating considering the guy's got an eye-watering amount of charges against him?

I'm curious if it's a case of simply being happy their current board is being ousted, or whether they believe King will make them compete with Celtic. Fucking nutters.

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I've seen a few Rangers fans on Twitter ecstatic that King's taking over. Genuinely, how can they be celebrating considering the guy's got an eye-watering amount of charges against him?

Sir David Murray is a virtual bankrupt who bought years of success with borrowed millions, ran their club as a borderline criminal enterprise and sold it for a pound to a fraudster.

Craig Whyte was an obvious fraudster and is due up in court on fraud charges this year.

Charlie Green swiped their money, bought a castle with it and is currently under investigation for fraud.

One of the Easdales, I forget which, went to prison over a bag of larcenous money found in his house, and both are considered to be a bit dodgy vis a vis involvement with organised crime.

And you're seriously asking why Rangers fans would celebrate having a convicted tax fraudster take charge?

Because, as the above examples show, he's a Rangers man through-and-through - just one who's a bit more professional than the parade of convicts and suspects who have been running the place in recent years.

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The Plastics are playing yet they are still on SSB ranting about Dave King. Yep...They are not worried. Not worried at all.

2 Sleeps to go and we get our club back.

The Good Guys Win...GET IT RIGHT FUCKING UP YEs

What have they won, though? A pig in a poke?

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The Ibrox trophy room must be bulging at the seams with Comedy awards.....

Of course it is bulging at the seams. Rangers the most successful football club in the World.

We Are The People.

One more sleep.

Get It Right Fucking Up Ye's

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He has shown intent.

This statement makes it clear that he had set up a call between new and old, which certainly seems to point that he has a nomad, he cannot make an official announcement until he is in a position to do so.

,Based on that decision WH Ireland agreed to remain in place to effect a proper handover to the incoming Nomad. I coordinated a call between both parties for this afternoon to effect the initial introduction.'

You really need to believe in this fella, don't you, Tedi?

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He has shown intent.

This statement makes it clear that he had set up a call between new and old, which certainly seems to point that he has a nomad, he cannot make an official announcement until he is in a position to do so.

,Based on that decision WH Ireland agreed to remain in place to effect a proper handover to the incoming Nomad. I coordinated a call between both parties for this afternoon to effect the initial introduction.'

Kings statements are worth nothing, he's a known liar.

If he had a NOMAD in place then King would have their name out there, whether he's supposed to ot not, as it lends weight to his claims. I also think WH Ireland would have done a proper handover - they clearly want nothing to do with King hence the early exit.

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WH Ireland have very publicly said they can't work with King because he's a crook.

This means whatever company takes over the role is saying very publicly that they do work with crooks.

Bit of a red flag for HMRC I would have thought and not something their existing clients would be too happy about.

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This is ust you opinion, which I have bookmarked...we will see.

As Wisbit rightly say's, it isn't just my opinion. Still it doesn't matter much - it's not me counting the sleeps till he arrives

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