ALL three of the remaining bidders for Rangers have refused to rule out liquidation

What question?

 

Firstly, Rangers the club will not have liquidated, the NewCo will ask for the OldCo's share to be transfered over. If it is granted, then they donot need to apply for a new licence.

On the unlikely occurance that they are not granted the old share back, then they will apply for a new one, much like a club that had 100 years of history playing in the juniors would have.

In both these occurances, the team keeps its history.

You do see that the application for league membership has no relevance on history right? Otherwise if a team from the juniors was to apply, by your logic they would lose their history?

 

Yea, as long as someone buys them from either the administrators or liquidators.

 

I'm no expert and my head starts to birl when I look into this whole administration/liquidation thing but can you explain how someone can buy Rangers (the company!) from the liquidators if they haven't been liquidated?

 

I think i've figured out who he is. You're the person that advised rangers of the brilliant EBT scheme. It has all your hallmarks of do what you want with no consequences.

 

But that would be wrong though.

I know you are not particularly business savvy to say the least, but there is a big difference between the company and the 'business'. The 'business' is Rangers Football Club.

It is widely accepted that the club can be bought from the old company to be held in a new company. Therefor the company is new, but the 'business' is old.

Just like what happened with Leeds.

 

I'm content to wait and put this to the litmus test.

 

Firstly, they would be mad to buy the company, that would mean they would buy the debt. They would buy the 'business'.

The business is the key assets, most importantly the goodwill (trading rights and history etc).

There are various stages in the liquidation process.

1. Winding up order seved
2. Asset sale. (where the business can be bought.)
3. Distribution of asset revenue.
4. Formal decleration that company has been liquidated.

The liquidator takes over proceedings at stage 1, but liquidation does not happen till stage 4.

 

Please stop.

 

.

 

My final (hopefully) question on this: after stage 1, what part does Mr Whyte play in the process?

 

I think he's funny. It's like humouring a pet mong.

 

Its a good question!

It depends what his security is!

If he has security on Ibrox, then whoever forms the NewCo will need to either arrange the sale or rental of Ibrox with Whyte, or find somewhere else to play.

Alternatively, if Whyte has no security, then Ibrox falls into the pot that can be purchased either prior to or during the liquidation process.

 

Funny that,

When talking to yourself and RebelBhoy, I feel like a special needs teacher. You are both pretty ******ed.