So KPMG didn't fulfill their statutory duties to ensure that the creditors got the best possible deal. Quite something. Quite what that has to do with Rangers I don't know but I am sure you are going to keep pushing a completely irrelevant point. If Rangers are to be liquidated, their footballing lineage CANNOT be transferred. ergo. The club is dead.
I had a black eye afterwards...... If I'd have known then that this was all the fault of Rangers....... I just never put 2+2 together. I have happier memories of The Haringey Irish Centre too.
They did actually. Just the HMRC being stubborn as usual. Those rascals. http://www.scribd.com/doc/87980843/leeds-cvl If Rangers are liquidated, then someone can just buy the goodwill and keep them going. Pretty standard stuff. If you want an example, go have a look at Luton, think I mentioned they used that approach.
A handy work around. Charge the business with what the last company did and punish the club. I hope that sounds like nonsense because that is what it is.
Right to legally change the name you have to also transfer the debt. In your pre pack administration you dont do that you transfer everything but the debt. Now becasuse you haven't legally changed the name the timeline is broken and so you can no longer add to the history. When they mention selling on the history to a newco they're talking about things like copyright etc, but the timeline is broken you didn't legally change the name therfore no more adding to your history. You may have bought a claim to the copyright to say you were founded in 1872 but the company actually starts in 2012 and that is where your history, legally starts. Understand.
Not really, They would just use their own judgement to apply a penalty they thought was suitable before giving the NewCo the league share.
Eric ,thats wrong im afraid. Have a look here :- http://www.telegraph.co.uk/finance/...hing-after-pre-pack-sale-to-FirstService.html and here :- http://www.dtz.com/Global/Who_we_are/History?vgnLocale=en_GB See. Easy stuff.
Leeds are not relevant to this. Posting the liquidation of a company that had been moved on to another as a dramatically stripped back entity but as a trading company is not the same thing as a club being liquidated which is what will happen to Rangers if they cannot agree a sale. If Rangers are liquidated. They cease to exist. The value of their SPL place is nil because it cannot be transferred. Pretty standard stuff.
Oh sorry! Think I picked you up wrong! So you are saying that none of the NewCos actually retained their history? Leeds, Fiorentina, Luton for example?
LIAR! Could the newco go straight into the SPL? The SPL’s articles of association provide a path for a newco to gain access to the league. The league is controlled by its 12 clubs, which each have a single share in the company. In the event of a club being subject to an insolvency event, such as administration or liquidation, the appointed practitioner holds the entitlement to the share. At any stage, be it during administration or a liquidation process, an application can be made to the SPL board for the share to be transferred to another company. http://sport.stv.tv/football/scotti...0192-qa-what-happens-if-rangers-form-a-newco/
The company wont, thats obvious! The club will be sold out before the big stamp hits though. Not that the big stamp hitting means anything important. If no-one did want to buy the goodwill (why would anyone not want such glorious history??????) it would just sit in the accounts of the liquidator until someone made them an offer.
http://www.scotprem.com/content/mediaassets/doc/SPL Articles as at 15-Apr-10 (CURRENT).pdf go on. It is his interpretation. Nothing more. SPl voting structures mean it can't happen. There is at least one team that is going to tell you to get to steppin. On that basis It can't be transferred. Won't be transferred. Will not be transferred.
They will die. You can start a new club. Wear blue, be stupid. All the things that you are now. Just don't expect anyone to believe you when you say you are loyal when you are cheering for a new club.
