So if the liquidated Huns corpse still has some life in it, it can't be the same as the equally vile Sevco that just spent its way to the league title :greengrinQuote:
Originally Posted by CropleyWasGod
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So if the liquidated Huns corpse still has some life in it, it can't be the same as the equally vile Sevco that just spent its way to the league title :greengrinQuote:
Originally Posted by CropleyWasGod
So confusing.......Quote:
Originally Posted by CropleyWasGod
If that was successful - would The Rangers get the benefit?
No. It would go to the creditors (including you and I) and the lawyers etc involved.Quote:
Originally Posted by oldbutdim
It might have the side effect of fuelling the myth that the liquidation should never have happened. But if that winds up the hordes, so be it.
Quote:
Originally Posted by CropleyWasGod
Why would it be Duff and Phelps fault that there was no offers for Rangers Football Club that the creditors , mainly HMRC, would accept ?
Thanks.Quote:
Originally Posted by CropleyWasGod
Sounds a decent outcome if it comes to pass.
It's the add-on to the CVA that is the issue. That is what is they are being sued for just now. That they could have got more for the creditors than they did.Quote:
Originally Posted by greenginger
Other than that, like I say it's a myth that the insolvency or the liquidation should never have happened.
But they were allowed to keep their history and trophies, which still rankles. They should have been told by UEFA and the SFA, "right you *****, this is day one for your new club; get on with it".Quote:
Originally Posted by Mr Fezziwig
If they were the same club they would have suffered a nine point penalty in the season when the insolvency event occurred and remained in the top flight for the following season. That's all the rules realistically allowed for. They might well have achieved the 55th title they wrongly claim to have done now. What happened is that the new club were given favourable treatment because of the financial clout they carried into the game. The club that won the premiership this season is the club that replaced Rangers or TCTRR to save future typing.Quote:
Originally Posted by AliboyFC
Long time ago now, but I thought that Sevco bought all that from the liquidators.Quote:
Originally Posted by Hibernia&Alba
For one pound. Our noxious neighbours missed a trick there.
It was more important for them to put that pound towards a periscope so they could see the castle.....Quote:
Originally Posted by Eyrie
They bought over a hundred trophies for a pound. Hibs have missed a trick here.Quote:
Originally Posted by Eyrie
Quote:
Originally Posted by Hibernia&Alba
IIRC, £5 was allocated to "intangibles" (they might have used another word). That included the badges, the "brand", something else, a couple of things that they didn't have the right to sell (SPL share and SFA membership, which had to be returned). There may also have been a songbook or 2 in there. :greengrin
Three boxes of flutes?
And we should never let them and their pals in the media forget it.Quote:
Originally Posted by CropleyWasGod
With Rangers fans, its way, way worse than that.Quote:
Originally Posted by blackpoolhibs
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Gotcha.Quote:
Originally Posted by CropleyWasGod
Could you imagine how much the liquidator could have got for the badges, the "brand", something else and a couple of things that they didn't have the right to sell if he hadn't insisted that the buyer had to take the songbook as well?
https://www.rangers.co.uk/article/ra...eSYaCk7tcPghwA
Begging bowl out again
Wonder if the dafties have learned how much in damages they have to pay Mike Ashley and need the cash?Quote:
Originally Posted by Billy Whizz
She spreads that 90 minutes through the week to as and when she wants to say racist stuff.Quote:
Originally Posted by blackpoolhibs
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How does that work again? They'll be getting shares in the 10 year old company which, according them, is totally separate from the club that continued after the previous company went bust. So they won't actually be buying into the entity which has won any of the trophies.Quote:
Originally Posted by Billy Whizz
Except, there was no previous separation of club and company, so the company that went bust in 2012 was the football club that won 54 titles.Quote:
Originally Posted by 007
Suppose one advantage for the new club is they can’t be blamed for the carnage in Manchester, Barcelona etc.
In their feeble minds they bear no responsibility for the damage in George Square a couple of weeks ago either....Quote:
Originally Posted by greenginger
Have they by any chance mentioned 55 titles and that they are around 150 years old?Quote:
Originally Posted by Billy Whizz
There'll be a lot of tv's being passed out of windows to try and raise money to buy in to that scheme.....Quote:
Originally Posted by Hibs Class
[emoji23][emoji23][emoji23]Quote:
Originally Posted by HoboHarry
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https://www.heraldscotland.com/news/...-another-team/
The Glasgow Blues 😀
To the tune if Rule BritaniaQuote:
Originally Posted by 007
Liii quidation
The Rangers cant be saved
The Rangers never never never
Can be saved
We should song that to rangers fans when we get back in grounds. :rotflmao::rotflmao:Quote:
Originally Posted by ahibby
A summary of where we are up to in Season 10
https://www.creditstrategy.co.uk/turnaround-restructuring-insolvency-news/turnaround-restructuring-and-insolvency-news/bdo-suit-against-former-rangersrsquo-administrators-what-wersquove-learnt
A bit of a blow to the liquidators and the creditors.
http://https://www.thenational.scot/...ation/?ref=rss
Only awarded £3.4m in their case against D&P, rather than the £47m they were seeking.
However, it does confirm that D&P didn't do their job properly.
It remains to be seen whether BDO will appeal.