Rangers

[StuartD]

Taken from a blog I read today..........

The life support machine of Ibrox

​

So Bomber brown was right at the fans meeting he organised
Was he right about
“There always be a bleep bleep Rangers :rofl:” I hope!!!! :mmm:

Not going to read it. Am off to stick my head in the sand.

Fingers in my ears La La La La La La I am not listening!!!

I’m going slightly mad!!!

 

[chris661]

Stuart what is the date of incorporation for Celtic and the date for Sevco (which if reports are to believed are changing thief name)?

Next question why when duff & phelps sent out a letter did it state the liquidation of "the company" and "the club".


Oh and another one did none of the fans listen to Chico green when he said that a cva was the only way to preserve history?

 

[Dodger]

It is a reasonable assumption to make that a plc and football club is the same thing. They are so intertwined it is difficult to establish the difference

Looking at the football rulebooks it specifically separates them out. The UEFA rulebook has been updated and there are now specific rules about “A football club” taking on “New Corporate Identity”.

At a corporate/business level HMRC’s statement after they rejected the CVA offer read as below
"A liquidation provides the best opportunity to protect taxpayers, by allowing the potential investigation and pursuit of possible claims against those responsible for the company's financial affairs in recent years.
A CVA would restrict the scope of such action. Moreover the liquidation route does not prejudice the proposed sale of the club.
"This sale can take place either through a CVA or a liquidation therefore the sale is not being undermined”
This statement shows that there is clear separation between the Club and the plc.

If we were to take the PLC and the football club as one there would be a heck of a lot of new football clubs out there. Many new owners move the football clubs into one of their companies and let the old company name die. This would have to be seen as a new club as it is a new company.

Looking at an example close to home in Celtic. Celtic set up a PLC in 1897 (yes they done it first like 9 in a row) in The Celtic Football And Athletic Company Limited”. Its name was changed to Celtic PLC in 1994 (still same company number so in essence the same company) It ran the football club until Feb 02 when “aspects of its trade” was transferred to "Celtic F.C. Limited, a company set up in 2001. Celtic FC Limited accounts states that "Celtic F.C. Limited has the main activity of which is the operation of a professional football club" Note the word operation
Therefore the football club was transferred to another company in 2002.
If the original PLC setup in 1897 incorporated the club and was the club like has been claimed with Rangers, then the new company Celtic FC ltd would have to be a new club. Would I claim that Celtic was a new club in 2002? Not a chance. They are still entitled to have that little gold star, go on about 1967, they all were from within 30 miles of the ground blah blah blah.


Wait…………claiming it’s a new club is a great idea!!!!!!:whoo:

Ahhhhh,even though your team has died, the pain and hurt still continues eh Stuart?:whoo::cheers:

 

[StuartD]

Stuart what is the date of incorporation for Celtic and the date for Sevco (which if reports are to believed are changing thief name)??

Yes the Sevco name is changing to The Rangers Football Club Ltd" Sevco was formed Jun this year

Celtic FC Ltd was registered in September 01 as HMS (402) Ltd. Its name was changed in Jan 02 to Celtic FC Ltd just a month before it took control of the club.

Incidentally this is now against UEFA rules and would result in 3 year ban (even just a name or registered address change is enough) but as it did not involve shedding any corporate debt it would probably be appealed quite easily

Next question why when duff & phelps sent out a letter did it state the liquidation of "the company" and "the club".

There are a few letters I have from D&P that spell out the liquidation of PLC and club, and quite frankly they scared me to death, however the ones I can remember off the top of my head predate the sale off the club to Charles Green. D&P have been quite clear in their public statements in that the sale of the club before liquidation allows it to continue. Is the letter you refer to dated after the sale? If so it certainly flies in the face of what they were saying publicly, but D&P have not been the most consistent and professional outfit throughout.

Oh and another one did none of the fans listen to Chico green when he said that a cva was the only way to preserve history?

Yes we all heard Charles Greens comments and debated them on various forums. Many fans immediately took him to task and said he was wrong citing numerous examples of other clubs in the UK and abroad who have gone through the same situation and come out the other end as the same club. However the less intellectual and knuckled raging element (yes we have a few in our support ) took to e-mail and twitter straight away trying to pressurise creditors into accepting the CVA with phrases like “blood on your hands if my club dies”. I know a few people that work within HMRC and have seen some examples that were doing the rounds. One thing i will say about Charles Green is he is not daft and he knew exactly what he was doing/saying. Had the CVA been accepted we would still be in SPL, Green would have had more investors (by his own admission) and would be able to command a far greater return on his original investment

 

[StuartD]

Ahhhhh,even though your team has died, the pain and hurt still continues eh Stuart?:whoo::cheers:

No pain here :thup:. Just put in especially for the Celtic fans on here for a laugh. I would have given odds of less than Celtic winning the SPL this season on you picking it up first. I also put in a smiley and reference to the 7-1 result but must have deleted whe tidying up before i posted my reply. I have long since come to terms with it and just have to accept it when it's raised in any debate. I have no possible reply, it is a feat that will never be repeated.

It has been said that a Rangers fan would die happy when he seen a european cup win, 7-1 and nine in a row. I have seen one in my lifetime i suppose. I would need to be a medical marvel to live to see a European Cup win, and at my weight and fitness I just cant see that happening :thup:

 

[Doon frae Troon]

SPL deals signed with Sky and ESPN for 5 years.
No mention of cash involved though!

 

[chris661]

SPL deals signed with Sky and ESPN for 5 years.
No mention of cash involved though!

Reported as £13 million a year with a million going to the sfl for the 15 sevco games. As it will come with a bit of redistribution it seems that Celtic will lose about a million with the rest of the teams a maximum of £200,000. Hardly Armageddon is it?

 

[Doon frae Troon]

Celtic will just have to play a bit better in the CL to make up the lost dosh.
They must have lost millions in recent years through their under performances.
Looks like Waymana is off to Arsenal for £6.6m that should also help.
Good player, he shall be missed.

 

[Dodger]

I see Watty Bawbag Smith is at it again in today's press.

Do he and Fat Ally come as a double act?

What a couple of horrible halfwits they are.

 

[Doon frae Troon]

Jambos top of the Bright New World for Scottish Football League.

Right where they belong.

 

[DelB]

Jambos top of the Bright New World for Scottish Football League.

Right where they belong.

:thup:

 

[Doon frae Troon]

or

King o' the Midden

 

[Iaing]

Just hope the jambos remember to pay their players wages.

 

[Doon frae Troon]

Och that was just Not So Mad Vlad playing hardball with the SFA.

Interesting so see that many of his 'crazy' quotes about a Scottish football mafia have become almost sage like true.
Perhaps the SFA may use him as a consultant.

 

[Doon frae Troon]

Brazillian star Emilson signs for The Rangers.

 

[Dodger]

Brazillian star Emilson signs for The Rangers.

:rofl::rofl::whoo:

 

[Doon frae Troon]

Well he was in 1987.
Wonder who they will dig up next.
Anyone know what last nights crowd was?

 

[chris661]

Anyone know what last nights crowd was?

Seemingly around 38,000. Not bad for a third division outfit. Pity they only get 65% of the gate money when in reality they need it all. I wonder will they still draw crowds like that in 2 months time when they really need it to stave off another insolvency event?

 

[Doon frae Troon]

I take it the other 35% goes to East Fife, that can't be bad for Scottish football.

 

[Val]

Seemingly around 38,000. Not bad for a third division outfit. Pity they only get 65% of the gate money when in reality they need it all. I wonder will they still draw crowds like that in 2 months time when they really need it to stave off another insolvency event?

The BBC website stated the stadium with 38'000 was packed however by my maths 38'000 is less than 3/4 of 51'082 capacity so in essence it was less than 3/4 full!!!!!

Hardly packed, either that or Charlie Green is cooking the figures