CooperOnTheWing Posted April 3, 2015 Share Posted April 3, 2015 Have you had a good look around for your brain, it must be somewhere? Who even is this chump 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted April 3, 2015 Share Posted April 3, 2015 I'm clearly not going to look all over the internet to piece together your stolen ( or should i say copy and paste job) shit There you go talking about dots, do they really bother you that much? If that's what gets to you then you are even more fucked up in the head than first thought. If you aren't willing to back up your claim that I copy n paste material from other websites and have in your post admitted that you yourself don't even know if I have copied material from other websites, doesn't that make you look stupid and make you out a liar by accusing me of something that you yourself can't even proof. As for dots, I was asking the fuds that gave you them dots to back up your claims especially Tedi who visits more websites than anyone else looking for material to discredit everyone who isn't a bear because he loves to point out where posters have got it wrong. You really are a terrible poster who contributes the sum total of feck all and just likes to wind folk up but usually you make an arse out of yourself most times for all us P&D's to point and laugh at. 0 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted April 3, 2015 Share Posted April 3, 2015 The point I was putting across is that the SFA might view the holding company to be a completely separate entity from the clumpany. If the SFA were to look at the clubs accounts and not the holding companies accounts you will find that the clumpany itself is at this time still solvent and paying it's debts. On the other hand if the SFA were to look at the holding companies accounts it paints a completely different picture. Will the SFA should the holding company go into financial meltdown deem the club a separate entity from the holding company ?, will the SFA blindly and blatantly try to pull off a fast one so that their demented brainchild suffers nothing at all if the holding company goes tits up ?, or if the club goes up for sale before the holding company goes tits up should the clumpany suffer an insolvency event even though it was sold to new owner/s ? As DB said, the rules are pretty clear that the club would be punished if any associated company has an insolvency event. The rules were changed exactly for the scenario you describe. The second possibility though, that the club is sold before the holding company has an insolvency event, isnt as clear, certainly not in my reading of the rules. Again, Im no expert, but are there not corporate laws to prevent that kind of thing ie asset stripping/transfer of an insolvent company? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 3, 2015 Share Posted April 3, 2015 If you aren't willing to back up your claim that I copy n paste material from other websites and have in your post admitted that you yourself don't even know if I have copied material from other websites, doesn't that make you look stupid and make you out a liar by accusing me of something that you yourself can't even proof. As for dots, I was asking the fuds that gave you them dots to back up your claims especially Tedi who visits more websites than anyone else looking for material to discredit everyone who isn't a bear because he loves to point out where posters have got it wrong. You really are a terrible poster who contributes the sum total of feck all and just likes to wind folk up but usually you make an arse out of yourself most times for all us P&D's to point and laugh at. Haymakers flying around all over the place and continually missing. It's like you never left lol 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted April 3, 2015 Share Posted April 3, 2015 Who even is this chump He calls himself "Cooperonthewine", he's a tragic poster TBH. 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted April 3, 2015 Share Posted April 3, 2015 Has DK put a penny in yet? The Rangers is not a public toilet. The Rangers is a private toilet. 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted April 3, 2015 Share Posted April 3, 2015 As DB said, the rules are pretty clear that the club would be punished if any associated company has an insolvency event. The rules were changed exactly for the scenario you describe. The second possibility though, that the club is sold before the holding company has an insolvency event, isnt as clear, certainly not in my reading of the rules. Again, Im no expert, but are there not corporate laws to prevent that kind of thing ie asset stripping/transfer of an insolvent company? Yes I do get the insolvency rules Mr X, but there is a lot of ambiguity in the associations rules where they can in certain cases circumvent their own rules and there is also the "referral to a panel". So instead of implementing penalties immediately for breaching the rules it gets referred to a panel where they decide what the punishment or whatever should be meted out. It wouldn't even surprise me in any way what so ever for the associations to refer any Sevco insolvency event to be sent to a panel where they can ignore their own rules in favour of the club. As for selling the club before the holding company goes tits up, it is common in the business world for a company in admin to liquidation to sell it's assets onto a new owner. Doesn't the death of the oldco Rangers ring a bell ?. The legally known entity "The Rangers Football Club Ltd" is the only asset of the holding company and will be sold off upon the holding companies demise. I posed a question, could the Clumpany who's own accounts are in order and has paid it's bills and at the time and appears solvent on paper be able to avoid RIFC PLC's own insolvency problems with the associations ? The reason I posed this if we go back to 2011 and back then IF just IF !, Murray International Holdings PLC went into liquidation who was the owner of the club at the time, would the club then be in an insolvency event because MIH went into liquidation ?, the answer would be a resounding no because the club as a whole could be sold off to a new owner as a going concern. Something isn't adding up quite right, the clumpany/club on paper appears to be solvent and is funded by the holding company by loans and the holding company appears to be heading into financial difficulty. So the club isn't showing financial trauma even if the holding company is suffering from from lack of funds and accruing debt. If the club was owned by a single person and not a holding company and the person runs the club/company into financial peril then I could see that the club was suffering from an insolvency event. Hope you see my point ? 0 Quote Link to comment Share on other sites More sharing options...
CooperOnTheWing Posted April 3, 2015 Share Posted April 3, 2015 If you aren't willing to back up your claim that I copy n paste material from other websites and have in your post admitted that you yourself don't even know if I have copied material from other websites, doesn't that make you look stupid and make you out a liar by accusing me of something that you yourself can't even proof. As for dots, I was asking the fuds that gave you them dots to back up your claims especially Tedi who visits more websites than anyone else looking for material to discredit everyone who isn't a bear because he loves to point out where posters have got it wrong. You really are a terrible poster who contributes the sum total of feck all and just likes to wind folk up but usually you make an arse out of yourself most times for all us P&D's to point and laugh at. Are you that stupid? You mentioned your previous post #1693 on Rangers ( Im being generous on that number btw) and if i could prove you stole it from elsewhere, i was clearly talking about other and most of your posts. No i wont provide proof as no one on here deals in facts 0 Quote Link to comment Share on other sites More sharing options...
CooperOnTheWing Posted April 3, 2015 Share Posted April 3, 2015 Haymakers flying around all over the place and continually missing. It's like you never left lol Lol, a swing and a miss, poor HBQC. 0 Quote Link to comment Share on other sites More sharing options...
accietilleyedye Posted April 3, 2015 Share Posted April 3, 2015 Are you that stupid? You mentioned your previous post #1693 on Rangers ( Im being generous on that number btw) and if i could prove you stole it from elsewhere, i was clearly talking about other and most of your posts. No i wont provide proof as no one on here deals in facts Do you even understand what your trying to type, as that reads like an exert from bennett's diary on one of the days Tedi forgot to give him his meds 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted April 3, 2015 Share Posted April 3, 2015 Hope you see my point ? Just one thing. Not trying to nit-pick, but I always thought the "Clumpany" was the whole shebang, not just RFC Ltd. 0 Quote Link to comment Share on other sites More sharing options...
CooperOnTheWing Posted April 3, 2015 Share Posted April 3, 2015 Do you even understand what your trying to type, as that reads like an exert from bennett's diary on one of the days Tedi forgot to give him his meds It's 'You're' mate. Is that you Johnny? Hahahaha Also it's excerpt.... Unlucky laaaa 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted April 3, 2015 Share Posted April 3, 2015 CooperOnTheWing adds nothing of value to the Sevco lolathon and should be ashamed of himself. 0 Quote Link to comment Share on other sites More sharing options...
CooperOnTheWing Posted April 3, 2015 Share Posted April 3, 2015 :lol: CooperOnTheWine 'hawhawhaw look at me HBQC i'm laughing at your jokes mate' 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted April 3, 2015 Share Posted April 3, 2015 (edited) 'hawhawhaw look at me HBQC i'm laughing at your jokes mate' Funnier than you, gobshite. eta We have a de-railer here and I haven't seen The_Diddy for a while..................... This one can't resist pointing out grammatical errors....... Just saying, like. Edited April 3, 2015 by cyderspaceman 0 Quote Link to comment Share on other sites More sharing options...
CooperOnTheWing Posted April 3, 2015 Share Posted April 3, 2015 Funnier than you, gobshite. I find it cute, you vying for my attention and all. I may be a box office poster, but c'mon mate, you're laying it on a bit too strong here. 0 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted April 3, 2015 Share Posted April 3, 2015 Yes I do get the insolvency rules Mr X, but there is a lot of ambiguity in the associations rules where they can in certain cases circumvent their own rules and there is also the "referral to a panel". So instead of implementing penalties immediately for breaching the rules it gets referred to a panel where they decide what the punishment or whatever should be meted out. It wouldn't even surprise me in any way what so ever for the associations to refer any Sevco insolvency event to be sent to a panel where they can ignore their own rules in favour of the club. As for selling the club before the holding company goes tits up, it is common in the business world for a company in admin to liquidation to sell it's assets onto a new owner. Doesn't the death of the oldco Rangers ring a bell ?. The legally known entity "The Rangers Football Club Ltd" is the only asset of the holding company and will be sold off upon the holding companies demise. I posed a question, could the Clumpany who's own accounts are in order and has paid it's bills and at the time and appears solvent on paper be able to avoid RIFC PLC's own insolvency problems with the associations ? The reason I posed this if we go back to 2011 and back then IF just IF !, Murray International Holdings PLC went into liquidation who was the owner of the club at the time, would the club then be in an insolvency event because MIH went into liquidation ?, the answer would be a resounding no because the club as a whole could be sold off to a new owner as a going concern. Something isn't adding up quite right, the clumpany/club on paper appears to be solvent and is funded by the holding company by loans and the holding company appears to be heading into financial difficulty. So the club isn't showing financial trauma even if the holding company is suffering from from lack of funds and accruing debt. If the club was owned by a single person and not a holding company and the person runs the club/company into financial peril then I could see that the club was suffering from an insolvency event. Hope you see my point ? Kind of. If we take the sale of the oldco Rangers, though, that was done while in administration. If the current holding company goes into admin then the, new, rules are pretty clear and the club would definitely be liable for some sort of penalty. That kind of sale would also be, technically, above board from the point of view of company law. What, I thought, you were referring to was a sale of the holding companies assets before any kind of admin. That might get round the SFA rules but I thought that kind of sale would be, at the very least, challengeable under company law. 0 Quote Link to comment Share on other sites More sharing options...
gastropod Posted April 3, 2015 Share Posted April 3, 2015 Is the club not owe RIFC around £16m-£20 ? Its well possible that the club could be sold off (holds the sfa share) to another company and would be ran as the same thing. What would happen to contracts etc that were held with RIFC ,and how it would trade after the club was sold, F$£ked if i know , this whole story is getting mad now .. One things for sure , a few lawyers are going to be kept busy for years to come.. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted April 3, 2015 Share Posted April 3, 2015 Time to say goodbye to our resident racist again surely. 0 Quote Link to comment Share on other sites More sharing options...
accietilleyedye Posted April 3, 2015 Share Posted April 3, 2015 It's 'You're' mate. Is that you Johnny? Hahahaha Also it's excerpt.... Unlucky laaaa 2 for 2 thank you 0 Quote Link to comment Share on other sites More sharing options...
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