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Big Rangers Administration/Liquidation Thread - All chat here!


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I've now got the mental image of an Independence Day spoof which has the big spaceship hovering over Ibrox before firing that laser beam thing down and then blowing the f*** out of it on the command of the SPL chairman's committee.

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So if New Rangers are voted in by the other clubs, they could be looking at huge sanctions. If the vote goes AGAINST New Rangers, they have to apply to SFL for a vacant space, whilst at the same time Cockwomble does a wriggle and says that New Rangers sanctions are a 3 year ban from playing in the SPL.

Am I close?

As a wee addendum - Silver Fox Jim White on SSN can't bring himself to say Dual Contracts. He just can't.

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I've now got the mental image of an Independence Day spoof which has the big spaceship hovering over Ibrox before firing that laser beam thing down and then blowing the f*** out of it on the command of the SPL chairman's committee.

post-21687-0-92682700-1340031153_thumb.p

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Gregory Ioannidis@LawTop20 With RFC ending, liabilities and sanctions [Court of Session, dual contracts etc] would also end. This is the main advantage of New Rangers.

Gregory Ioannidis@LawTop20 The 'transfer' of the OldCo's liabilities to the NewCo, would mean a serious violation of the separate corporate personality principle.

Gregory Ioannidis@LawTop20 @Paulmcc12 @evanjhenderson @mdkster Just to help: SPL may vote to apply sanctions to NewCo but it would be in violation of national law

Load o pish

RFC (IL) have not ended. They still have the league share and SFA membership so they are still "Rangers" and can be sanctioned.

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Gregory Ioannidis@LawTop20 With RFC ending, liabilities and sanctions [Court of Session, dual contracts etc] would also end. This is the main advantage of New Rangers.

Gregory Ioannidis@LawTop20 The 'transfer' of the OldCo's liabilities to the NewCo, would mean a serious violation of the separate corporate personality principle.

Gregory Ioannidis@LawTop20 @Paulmcc12 @evanjhenderson @mdkster Just to help: SPL may vote to apply sanctions to NewCo but it would be in violation of national law

The SPL/SFA/SFL are free to apply any conditions they like to a new entity wishing to join their organizations.

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Gregory Ioannidis@LawTop20 With RFC ending, liabilities and sanctions [Court of Session, dual contracts etc] would also end. This is the main advantage of New Rangers.

Gregory Ioannidis@LawTop20 The 'transfer' of the OldCo's liabilities to the NewCo, would mean a serious violation of the separate corporate personality principle.

Gregory Ioannidis@LawTop20 @Paulmcc12 @evanjhenderson @mdkster Just to help: SPL may vote to apply sanctions to NewCo but it would be in violation of national law

I think he's been wrong at almost every juncture so far - remember the 'automatic relegation for Newco' argument?

The SPL clearly feel they can do so, or they wouldn't do so, and it seems this has come from their own solicitors too. If that fails, then I'm sure they can add the stipulation to Rangers getting the SPL share.

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Gregory Ioannidis@LawTop20 With RFC ending, liabilities and sanctions [Court of Session, dual contracts etc] would also end. This is the main advantage of New Rangers.

Gregory Ioannidis@LawTop20 The 'transfer' of the OldCo's liabilities to the NewCo, would mean a serious violation of the separate corporate personality principle.

Gregory Ioannidis@LawTop20 @Paulmcc12 @evanjhenderson @mdkster Just to help: SPL may vote to apply sanctions to NewCo but it would be in violation of national law

Why is this guy being given so much credence?

He was wrong re UEFA rules about going to court, despite being very vociferous on the issue. Why would he be right about this?

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So they have to face:

1) Newco vote

2) SPL sanctions over dual contracts

3) SFA disrepute punishment

With all this mud clinging to them, how can they be admitted to the SPL?

And they bleat "We've suffered enough." Not likely, much worse is to come.

To think I thought losing the BTC was the biggie. Well, it is for D Murray esq, formerly of Monaco.

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Let's say then, for arguments sake, the Newco vote is rejected on the 4th of July. Who has the jurisdiction for the punishment over the EBT's? Still the SPL, as the 'crimes' were committed in that league, or the SFA? Or the SFL, if Rangers are allowed into Division 3?

We haven't even mentioned the still-to-be-decided punishment for the disrepute angle. This is fucking glorious.

Edited by Paco
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Why is this guy being given so much credence?

He was wrong re UEFA rules about going to court, despite being very vociferous on the issue. Why would he be right about this?

Exactly - he's like the anti-RTC - he seems to be on the wrong side of the argument on almost everything. Who is the guy and why is he being quoted?

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Why is this guy being given so much credence?

He was wrong re UEFA rules about going to court, despite being very vociferous on the issue. Why would he be right about this?

I can see where that Gregory Io thingy is coming from. Oldco did the bad stuff, not Newco therefore wrong to punish newco.

BUT

Oldco hold the SPL share and SFA membership - both of which could be stripped as punishment leaving Oldco nothing to transfer to Newco.

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Can anyone explain why the newco is considered a new entity (and loses their trophy history etc), but can still be punished for the oldco being bad. I'd love to see both happen right enough, but should it not be either / or?

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