shull Posted December 7, 2012 Share Posted December 7, 2012 (edited) We piled up the Blue Vermin's ( deceased ) debt. We put them into Administration. We put them into Liquidation. We ' relegated ?? ' them to the 4th tier. This is all according to the Blue Vermin ( deceased ) and Newcunto F.C. Boaby sucking MSM today. If it's true, then i am so sorry. Edited December 7, 2012 by shull 0 Quote Link to comment Share on other sites More sharing options...
Captain_Sensible Posted December 7, 2012 Share Posted December 7, 2012 The clue was in "oldco" and "newco" - old company to new company. It wasn't a new membership for a new club. company = club oldclub / newclub 0 Quote Link to comment Share on other sites More sharing options...
Burma Posted December 7, 2012 Share Posted December 7, 2012 Fantastic response He started it. 0 Quote Link to comment Share on other sites More sharing options...
Burma Posted December 7, 2012 Share Posted December 7, 2012 We piled up the Blue Vermin's ( deceased ) debt. We put them into Administration. We put them into Liquidation. We ' relegated ?? ' them to the 4th tier. This is all according to the Blue Vermin ( deceased ) and Newcunto F.C. Boaby sucking MSM today. If it's true, then i am so sorry. Im not. 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted December 7, 2012 Share Posted December 7, 2012 company = club oldclub / newclub yup, seems crystal clear. No dubiety whatsoever. I'm puzzled as to why some folk seem unable to grasp the concept. still, Sevco fans - wtf are they like? 0 Quote Link to comment Share on other sites More sharing options...
Cliche Guevara Posted December 7, 2012 Share Posted December 7, 2012 The clue was in "oldco" and "newco" - old company to new company. It wasn't a new membership for a new club. That doesn't make sense. It was actually a transfer of membership for a new club - that's why a transfer was required. It's the club who is the member of the SFA. You notice that Rangers didn't have to transfer its membership of the SFA when Whyte bought the club from MIM. If the fiootball club was a separate entity to the business that was liquidated its SFA club membership would have carried on unaffected. The SFA's rules expressly prohibit the transfer of membership (16) and describe membership as being as a football club (6). It also details the termination of membership which obviously means club membership. There is no way for a member football club to transfer its membership to itself. (of course bear in mind the fact that the football club and the company are the same thing) 0 Quote Link to comment Share on other sites More sharing options...
Double Jack D Posted December 7, 2012 Share Posted December 7, 2012 I think it's fairly clear that you don't have to transfer SFA membership everytime there is a change of club ownership. Clear to all but the dumbest fuckers on earth! 0 Quote Link to comment Share on other sites More sharing options...
Captain_Sensible Posted December 7, 2012 Share Posted December 7, 2012 I think it's fairly clear that you don't have to transfer SFA membership everytime there is a change of club ownership. Clear to all but the dumbest fuckers on earth! Nor are clubs thrown out of the SPL and re-entered in the 3rd Division every time there is a change of club ownership! 0 Quote Link to comment Share on other sites More sharing options...
ribzanelli Posted December 7, 2012 Share Posted December 7, 2012 Enjoyed catching up on Youngsy's meltdown there, one of the more sensible berrz but his heads' just not in the game anymore. 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted December 7, 2012 Share Posted December 7, 2012 Craig Whyte's lawyers drop court action against ex-Rangers owner Craig Whyte: Bought 85% stake in Rangers for £1 in May 2011. £1 haha! The lawyers for former Rangers owner Craig Whyte’s have dropped legal action against him. Mr Whyte, who bought an 85% stake in the Ibrox club from Sir David Murray for £1 last May, had instructed Bannatyne Kirkwood France and Co to sue the BBC last November. He had instructed the firm in an attempt to sue the corporation over a documentary about him that it broadcast in 2011. The case against Mr Whyte was scheduled to call at Glasgow Sheriff Court this month. It is believed Bannatyne Kirkwood and France had taken the action against Mr Whyte over fees it was owed in relation to the BBC case. However, on Friday the civil office confirmed that Bannatyne Kirkwood France had requested in advance that the case be dismissed. It is believed the action was dropped by the lawyers after they reached an out-of-court settlement with Mr Whyte. The Glasgow-firm had been instructed to begin proceedings against BBC Scotland over the documentary, Rangers: The Inside Story, which was shown last October. The programme revealed Mr Whyte had previously been banned from being a director for seven years in 2000. No action was formally raised in the Court of Session in Edinburgh against the corporation, although a writ was served on the BBC in February this year. After the documentary was screened, the Ibrox club withdrew from cooperating with the BBC, accusing those behind the programme of "muck-raking". Mr Whyte initially instructed London defamation law specialists Carter Ruck to commence immediate proceedings against the corporation, but it was not able to represent him in Scotland. In February, Rangers were plunged into administration with debts of up to £124m. Insolvency firm Duff and Phelps was appointed but was unable to secure the future of The Rangers Football Club plc through a company voluntary arrangement (CVA) in June, before the club’s assets were sold to a newco owned by a consortium led by Charles Green in a £5.5m deal. The oldco has been placed into liquidation by neutral insolvency firm BDO, which was appointed at the insistence of the company’s largest creditor, HM Revenue and Customs. In October this year, Mr Whyte gave the BBC an exclusive interview about his reign at Ibrox. He claimed that Duff and Phelps knew about his use of a £27m deal with Ticketus for season ticket sales to effectively fund his takeover and wipe out the club’s £18m Lloyds Banking Group debt. The administrators have denied this repeatedly, while they are also involved in legal action against Mr Whyte and his former lawyers Collyer Bristow in England. Earlier this year Harper Macleod, the law firm Mr Whyte instructed in divorce proceedings from his estranged wife Kim, lodged a bankruptcy petition against him at Inverness Sheriff Court over non-payment of a bill. However, the petition was withdrawn after a deal was reached out of court. 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted December 7, 2012 Share Posted December 7, 2012 They can do what they want, we already know where the biggest crowd in Scotland will be tomorrow, there is only 1 show in town Yes. Glasgow, Christmas shopping. Santa is the only show in town at the minute 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted December 7, 2012 Share Posted December 7, 2012 So Craig Whyte found a buyer from his colleagues in London and then introduce Charles Green to D+P, Charles Green offered £2 to Craig Whyte sealing the deal for his consortium. And now Charles Green put out a scam share issue to all sevco fans putting their hard earned cash into Chuckles pockets. Then Charles Green pay Ticketus back from the share issue and now Charles Green give the club to the fans, the club is now worthless again and it will have to be ceased as a club running low on money. 0 Quote Link to comment Share on other sites More sharing options...
Bearwithme Posted December 7, 2012 Share Posted December 7, 2012 Nor are clubs thrown out of the SPL and re-entered in the 3rd Division every time there is a change of club ownership! But when there's an insolvency event clubs suffer punishments/consequences. 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted December 7, 2012 Share Posted December 7, 2012 It makes perfect sense, It was the same company that Whyte bought Green started a new company to operate the club, the existing membership was transferred to the new company, this was not a new membership I completely understand why you all keep pushing this new club argument, however you also all know its flawed Nothing has changed, the same Rangers play at the same Ibrox with the same fans, deep down everybody knows this, the constant new club references are nothing but jibes aimed at winding the Rangers fans up, why else would there be the amount of focus on this if it were not true why would a Motherwell fan even care about this Rangers will celebrate 140 years of continued existence tomorrow, all the fans inside that stadium will know and every fan who continues to hate us will know it too Deep down you're not even convincing yourself. 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted December 7, 2012 Share Posted December 7, 2012 Rangers FC. The only club to have been liquidated............. but not have been. Not really. 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted December 7, 2012 Share Posted December 7, 2012 It's Third Lanark 140th birthday tomorrow, so don't know why Newcunto FC are making a celebration tomorrow. 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted December 7, 2012 Share Posted December 7, 2012 Middlesborough, Leed and Hearts, it is hardly a unique event I aint going round in circles with you. 0 Quote Link to comment Share on other sites More sharing options...
ThirdrockfromtheSon Posted December 7, 2012 Share Posted December 7, 2012 1354882422[/url]' post='6872599']National campaign. FOOTBALL fans across Scotland are ready to turn out in huge numbers to support the Sell Out Saturday campaign. Punters are determined to show there is life after Rangers and SPL clubs can expect a welcome boost. Fans throughout the country are sticking together in a bid to fill out stadiums tomorrow. http://www.dailyreco...d-ready-1243685 Dumbarton fan in apology revelation. To quote form a Pink Floyd song on Dark Side of the Moon - I was really, really drunk at the time (when I wrote that post last night). Misinformed, rude and drunk - Dumbarton fans, what are we both like, eh? 0 Quote Link to comment Share on other sites More sharing options...
Burma Posted December 7, 2012 Share Posted December 7, 2012 , there is only 1 show in town Yep. And its P&B. Your only here to see P&B 0 Quote Link to comment Share on other sites More sharing options...
flyingrodent Posted December 7, 2012 Share Posted December 7, 2012 It makes perfect sense, It was the same company that Whyte bought Green started a new company to operate the club, the existing membership was transferred to the new company, this was not a new membership I completely understand why you all keep pushing this new club argument, however you also all know its flawed Nothing has changed, the same Rangers play at the same Ibrox with the same fans, deep down everybody knows this, the constant new club references are nothing but jibes aimed at winding the Rangers fans up, why else would there be the amount of focus on this if it were not true why would a Motherwell fan even care about this Rangers will celebrate 140 years of continued existence tomorrow, all the fans inside that stadium will know and every fan who continues to hate us will know it too 0 Quote Link to comment Share on other sites More sharing options...
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