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...
CooperOnTheWing Posted April 3, 2015 Share Posted April 3, 2015 Heads gone... Not sure if this is one of AWRA new uses names, he makes AWRA look rather smart.. ' new uses names' haha fs 0 Quote Link to comment Share on other sites More sharing options...
CooperOnTheWing Posted April 3, 2015 Share Posted April 3, 2015 ChisAwraontheMeths more like. It's the fan bhoy lol 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted April 3, 2015 Share Posted April 3, 2015 Just one thing. Not trying to nit-pick, but I always thought the "Clumpany" was the whole shebang, not just RFC Ltd. No Cyder, the corporate structure of the Rangers group consists of the RIFC PLC, this is the Umbrella company and then there's the Clumpany ie The Club which is owned by RIFC PLC and the whole club is an asset that is owned by RIFC PLC. Very much like the corporate structure under David Murray where MIH owned the club and the club was a separate legally known entity within MIH. Yes RIFC PLC incorporated the club into the RIFC PLC, but if you look at companies house you will find a legally known entity called "The Rangers Football Club Ltd" and is owned by RIFC PLC. The word Clumpany was well coined on P&B long before Chucky sold shares in RIFC PLC and should refer to the club/company itself and RIFC PLC is the another vehicle to rob gullible investors which happens to own the clumpany. 0 Quote Link to comment Share on other sites More sharing options...
CooperOnTheWing Posted April 3, 2015 Share Posted April 3, 2015 No idea when to use a capital letter and you're pulling other posters up, utter moron. Fixed that for you mate. 0 Quote Link to comment Share on other sites More sharing options...
CooperOnTheWing Posted April 3, 2015 Share Posted April 3, 2015 No idea when to use a capital letter and you're pulling other posters up ... utter moron. Edit: And you didn't even know which poster you were replying to Hahahahahaha wooooooshed. The ' Is that you Johnny' was sarcasm, clearly went over your head Just stop embarrassing yourself. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 3, 2015 Share Posted April 3, 2015 Because you're obviously such the intelligent chap and know everything about twitter ... StevenD retweeted Edgar Blamm @EdgarBlamm · 9 hrs 9 hours ago No idea if this @huddleboard rumour is true. However, I'm more than happy to believe it.CBq9hj9W0AAqPAu.png Donald Park lol 0 Quote Link to comment Share on other sites More sharing options...
CooperOnTheWing Posted April 3, 2015 Share Posted April 3, 2015 Anyone follow the Kerrydale meltdown twitter page? Anyone know what the thing about the dog was about? I was buckled at it anyway 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 3, 2015 Share Posted April 3, 2015 Anyone follow the Kerrydale meltdown twitter page? Anyone know what the thing about the dog was about? I was buckled at it anyway Magic the oppressed dug :-( 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted April 3, 2015 Share Posted April 3, 2015 How does someone who joined less than 2 weeks ago know so much about longer-standing posters on this board? Don't tell me COW is an alias, a glib and shameless liar no less. 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted April 3, 2015 Share Posted April 3, 2015 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. A solid reply, Hmmmm, I'm trying to phrase this in way that makes it more simpler using the associations own rules. OK, at this point in time if we take the Clumpany itself "The Rangers Football Club Ltd" a legally recognised separate entity by law, that's the entity the associations will recognise as the club. Looking at the associations view point today they see the clumpany is still solvent just about and competing in the Championship League. This is the entity that the associations will deem as the club and will view RIFC PLC as a different entity altogether and is not the club but is the owner. RIFC PLC the owner itself runs into financial difficulty but the clumpany "The Rangers Football Club Ltd" accounts show the club itself is still financially solvent just about. So it's the owner who has run into financial insolvency but not the club and the owner has to sell the club "The Rangers Football Club Ltd" and the money from the sale of the club goes to service the owners debt, RIFC PLC. So I'm saying that it is the owner that has ran into financial insolvency and the club is an asset that the owner can sell to pay of the owners debts even during an admin event to the owner RIFC PLC. It will be the owner RIFC PLC that will call in the administrators and not the clumpany that is "The Rangers Football Club Ltd". Has that simplified what I am hinting towards ? Is this possible that this club will escape running up debts, ditching the debts by being sold on and avoiding any sanctions at all because RIFC PLC the owner has all the liability for any debts the club ran up because it was the owner of the club. 0 Quote Link to comment Share on other sites More sharing options...
CooperOnTheWing Posted April 3, 2015 Share Posted April 3, 2015 Magic the oppressed dug :-( hahahaha. 'Can picture him and the Celtic legends up here having a ball' 'The only dog I've ever seen to cheer a Celtic goal. In a better place now, HH wee one. ' 'Are them tops specially made to fit the dog' 'Would be a special touch if Ronny dedicated the next win ti the dog, RIP HH' I'm surprised they never got their next game called off in all honesty. 0 Quote Link to comment Share on other sites More sharing options...
CooperOnTheWing Posted April 3, 2015 Share Posted April 3, 2015 How does someone who joined less than 2 weeks ago know so much about longer-standing posters on this board? Don't tell me COW is an alias, a glib and shameless liar no less. No mate. I'm in the masons. I get a pm from the leader when i joined informing me of everyone. 0 Quote Link to comment Share on other sites More sharing options...
Romeo Posted April 3, 2015 Share Posted April 3, 2015 So, this NOMAD then. When's that happening? 0 Quote Link to comment Share on other sites More sharing options...
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