Is it really possible that Charles Green made a genuine oversight and believed that monies due to Rangers FC (IA) could be paid by a debtor to selective creditors in order to let his Newco gain access to the Scottish Football League?
Back in May, while Rangers FC (IA) were adamant they would continue in business, the SPL agreed to pay money due to the club directly to creditors. The club subsequently failed to pay, or agree terms with, creditors and a creditor has asked BDO to liquidate them. The lawyers have earned enough from this saga in recent months, they would be scrambling for Gratuitous Alienation cast studies if the SPL was to selectively pay football clubs.
It looks like Mr Green is tying himself in knots over the Newco/Oldco routine. His attention to detail has the potential to become legendary, however, he is entitled to wonder why the SFA have allowed his Newco membership despite apparently not meeting agreed terms. I am sure the SFA president will be all over this issue like a rash, demanding clear and proper process is followed.
Or is the SFA president still the only man at Hampden who cannot participate in any of the important issues concerning Scottish football?
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Booker T
‘we will make ground up in league if we drop points just now..’
Correct. All that counts at this present time is making sure we give ourselves every possible chance of making the CL Group stages
Winning 3-0 at Dingwall will matter not a jot if we lose to Helsingborg on Tuesday
Any points dropped will be recovered in September, due to the rest of the SPL sides taking points off each other
SoTunis – the Sweetheart has been loadin’ the ole iPod with musique pour la vacance.
My soul contribution has been a George Jones compilation; I’ve promised that if/when I’m in my cups ‘He Stopped Loving Her Today’ will get big licks.
soul =sole [Freudian typo ;/)]
DBBIA
what literary delights you got lined up this time ?
TSD
“That was a thoroughly nasty post…”
Then, you have been paid in kind.
” So are you suggesting that President Zuma’s behaviour was totally acceptable.
Can only certain races be guilty of racism….because that would seem to be your attitude,as far as I can discern..”
Your powers of discernment are as keen as your ability to read. I repeat my line from my first post :-
“I condemn it unreservedly.”
I would also repeat my questions to you but I predicted there would be a side step and refusal to answer.
I am off out now but I don’t expect there will be further answers from you who are hypocritically accusing others of being only able to condemn from one perspective.
traditionalist88
10:35 on
17 August, 2012
It’s called using your squad to ‘cover’ the prioritisation of fixtures ….. That’s one of the reasons Clubs have squads ……
On another subject, isn’t it pathetic the lengths our friends in the dr will go to, to preserve their circulation …… my advice to them would be to improve their circulation by employing journalists who can actually do their jobs ……. And to stop treatng their bhun supporters as cretins …..on second thoughts, that would be very challenging….
Whshoooh,hiccup,white lightnin’
PFAyr -a history of Stax Records,a biography of Scots cyclist Robert Millar, a history of Britain in the 60s, a couple of thrillers, maybe 6-7 altogether and I’m hoping to pick up something at the airport.
I’ll be sorted for books, no worries, and I’ll get back to you with any strong recommendations.
South Of Tunis
I remember that shop in Harlesden from the days when I would spend my days off with a One Day Pass jumping around London looking for bits here and there, lovely..
The Good Lady of Padova is probably right by the way..
voguepunter—–
You are a lovely person ——-
Big cyber portion of Watermelon gelato from the wonderful Il Gelato di Crispino on its way – Accompanied by a lovely wee cup of triple strength caffe freddo .
Grazie – Graziemille !
voguepunter
South
Crackin’ version I was unaware of that one, always an education Bhoys!!
Always another tune to discover..
South of Tunis
http://www.youtube.com/watch?v=xVhMHZRlhlE&feature=youtube_gdata_player
DBBIA
Enjoy…some heavy duty stuff there
Managed a few on my own hols …your recommend was good .
Really enjoyed Human Traces by S. Faulks ( a bit too much like work for you ,
Perhaps)…also tried a new author Mark Mills …easy reading but well written
Iain Banks new one Stonemouth was quite good as well
Looking forward to starting Zafon’s new one this evening
Enjoy
Looks like we should thank Liverpool for making our CL qualifier alot easier. Heerenveen have now signed Finnbogason to replace him.
LIVERPOOL are set to wrap up a £2.3m deal for Heerenveen’s Oussama Assaidi. Morocco forward Assaidi, 24 – who has also been targeted by Fulham, Ajax, Spartak Moscow and Galatasaray – flew to Merseyside for a medical today
Back into town now….but just afore I leave, I watched a recording last night where the link-women introduced it as “And here’s Sean Bean, but not as you’ve ever seen him before”
Clever dick me, shouted at the screen (not so clever since it was a recording and she couldn’t hear me….) “Of course I won’t have seen him like this before….he’s an actor, this is a fictional programme….ya Flippin eejit”.
And then I watched “Accused”.
B*gg*r me! Figuratively speaking of course. I am not sure I will ever look at him in the same light….Brilliant acting!
Hail Hail
Estadio
Apologies is this article has been posted previously, but either way it is definitely worth another close read regarding Sevco’s current plight:
Scottish Football Association: The Rangers Football Club Already Making Trouble
By Daniel O’Connell – Bleacher Report (Contributor) on August 16, 2012
Less than a month into the new Scottish soccer season and the SFA’s newest member club is causing trouble. Before I go on, you may consider the repeated use of “Rangers Football Club” and “The Rangers Football Club” unnecessary. This is actually a necessary distinction to make as “Rangers Football Club” is the club formed in 1872, which is no longer a member of the SFA and will soon be liquidated. “The Rangers FC” is the new name of Sevco Scotland, a consortium fronted by former Sheffield United FC Chief Executive Charles Green, which purchased the assets of Rangers Football Club in June this year.
They are two separate, unrelated legal entities, one of which has purchased the real estate of the other. A fiction has emerged amongst Rangers supporters that somehow the “club” and the “company” are separate and that The Rangers Football Club Ltd has purchased Rangers Football Club from Rangers plc. This is emphatically not the case. There is no legal distinction or difference between the club and the company. They are one and the same.
In 1872, Rangers Football Club was a club. That is, a group of individuals who have come together to form an association with members and are run by a committee. A club’s members pay an annual subscription, and its members are personally liable for any debts incurred by the club. Around the turn of the 20th century, most soccer clubs in the UK incorporated, partly to raise funds and partly to protect members from having to pay debts from their own pockets. Incorporation means that the club sells shares in itself, and the new directors are not personally liable for any debts incurred.
So it was that in 1899 Rangers Football Club incorporated. Investors bought shares in the club, which changed its legal status from a club to a private company limited by shares. The new investors owned shares in Rangers Football Club, which was now called Rangers Football Club Ltd, the wording which to this day adorns the gates of Ibrox Stadium.
There was, and is, no separate company and club. In the early 1980’s, Rangers Football Club Ltd was floated on the stock market. This involved another change in legal status, from a private limited company to a public limited company. In the UK, the names of public companies are not allowed to end in “Ltd,” or “Limited,” so Rangers Football Club Ltd became Rangers plc.
As a public company, a controlling interest in Rangers plc could be purchased by anyone with the cash to buy the necessary number of shares and a willing seller. So it was that in 1988 a controlling interest in Rangers plc was purchased by David Murray and Rangers plc became part of Murray International Holdings. Then in 2011, Murray’s shares in Rangers plc were purchased by Wavetower, owned by Craig Whyte. After completing the purchase, Wavetower adopted the name, “The Rangers FC Group Limited.” Neither of these takeovers required a transfer of Rangers’ membership of the SFA to the new company who had bought Rangers plc.
Charles Green’s Sevco Scotland (now The Rangers Football Club Ltd) consortium did not buy Rangers plc, the legal entity formed in 1872. They purchased Ibrox Stadium, the Murray Park training complex and a car park. That is why Rangers’ SFA membership had to be transferred from Rangers Football Club to The Rangers Football Club. You cannot “transfer” something from yourself to yourself!
The Rangers FC did not qualify for SFA membership as they do not have the three years’ worth of audited accounts required, so in a quirky deal, the SFA agreed to transfer the membership of the now defunct Rangers FC to the company who purchased the assets and business of the old club. As a condition of transferring the membership, The Rangers FC had to agree to pay all debts owed to Scottish soccer clubs by the now defunct Rangers FC.
This week, following rumblings of discontent over The Rangers FC signing several players beyond the price range of most SPL clubs, Green announced that The Rangers FC has paid all debts owed by the now defunct Rangers FC. That it seemed, was that. Until yesterday, when Dundee United FC released a statement that, contrary to Green’s announcement, they have still not received their full share of the gate money for the Scottish Cup tie played at Ibrox in February. This statement has sparked a great deal of confusion, with Green claiming that the SPL had earlier agreed to pay the money to Dundee United, which the SPL deny.
The dispute hinges on a letter written by the SPL to Rangers FC on May 18, informing Rangers that their prize money from finishing in second place in season 2011-12 would be withheld and distributed to those clubs owed money by the now defunct club.
Green stated:
“A letter from the SPL to the club—dated May 18, 2012—stated: ‘The board decided to accede to the application of Dundee United and accordingly, the sum will be withheld from the next sum payable by the SPL Limited to Rangers and the sum will be paid by the SPL Limited to Dundee United.’ Why the SPL have not paid Dundee United the outstanding sum as previously agreed is a question that they need to answer. We wrote to Dundee Utd on Monday explaining the SPL had previously confirmed they would pay it.”
Not strictly true. On May 18, The Rangers Football Club did not exist. It was formed on May 29 (as Sevco Scotland) and did not buy the business and assets of Rangers Football Club until June 14.So the SPL wrote to Rangers Football Club at a time when it was still a member of the SPL and clinging on to life by its fingertips.
Working on the assumption that Rangers Football Club would still be a member of the SPL this season, the SPL agreed that they would withhold prize money from Rangers Football Club and distribute it to its Scottish soccer creditors.
The SPL’s agreement, then, was with Rangers Football Club. No such agreement was made with The Rangers Football Club, which is a different club, and has no right to the prize money won by Rangers FC last season. Following protracted negotiations, The Rangers Football Club was granted Rangers FC’s membership of the SPL with several conditions, one of which was that The Rangers Football Club would pay any money owed by Rangers Football Club to other Scottish clubs.
Charles Green and The Rangers Football Club agreed to that condition but are now claiming that they should not have to pay money owed to Dundee United. The Rangers Football Club appears to be in clear breach of the agreement by which they were granted membership of the SFA.
The SFA must now either act to ensure The Rangers Football Club keeps its agreement to pay Rangers FC’s Scottish soccer debt, or lose control of the situation altogether.
Whether there exists the will within the SFA to do so remains to be seen. Breaking its own rules to admit The Rangers Football Club is turning out to be a major mistake by the Scottish Football Association.
South Of Tunis
10:27 on
17 August, 2012
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I had the great fortune to stay for some months in Padova 3/4 years ago. Fabulous city.
For all on here saying we can play second teams and ‘make ground up’ if we lose points, don’t forget the MIB factor!
Hearts/Killie last year, just the two most recent blatant honest mistakes. Anyone that saw the aberdeen game saw what we’ll face this year.
Get games won and points on board before we start accomodating pampered footballers.
IMO if you can’t play two games in a week at full effort as a full time professional sportsman with state of the art training facilities, physios, sports scientists, nutritionists, you name it available to you and your team mates then it’s nothing short of a shambles.
kdc
Get the best 11 out there
Is Ross County game critical to our season? No.
Is Helsingborgs game critical to our season? Yes.
Therefore I would expect Neil, being the good manager he is, to select his team for tomorrow accordingly.
3 clips to get you going on this wet friday morning:
http://youtu.be/MVLXW7-IscQ – Naka/JVOH 2008
http://youtu.be/RwMju5k0rJc – McDonald/Robson 2008
http://youtu.be/zXeedOZ2QE0 – JVOH helicopter thursday 2008
ASonOfDan
11:02 on
17 August, 2012
What’s that got to do with us????
Clunks,
Opera Mini downloaded and working just fine….big man hug to you! :-)
I browse a lot during the wee small hours due to my insomnia…thanks mate!
Zbyszek..thanks also!
South Of Tunis
Big cyber portion of Watermelon gelato from the wonderful Il Gelato di Crispino on its way – Accompanied by a lovely wee cup of triple strength caffe freddo .
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Is it better than Crollas?
So the ex huns get 40,000 for their game against Inverary Locos. Big wow. I actually expected them to sell out their first few games. Unless we need to visit their midden I doubt the full house signs will be up at Ibrox any time soon.
As for the DR… Seriously what do people expect? Quality journalism? Honest reporting?
“I don’t think you should boo at any Scotland game. There was probably more than one reason they did it but i was sitting there stunned. I am a veteran of many international games. I can’t even remember a Scotland player being booed in the past”
The words of TA spokesman Hamish Husband regards the booing of Ian Black
He is that much of a ‘veteran’ he seems to have completely forgotten the systematic booing of Celtic players when pulling on the Scotland jersey in the past
This clown and the muppets in the TA deserve each other
kdc
Apart from Helsingborg losing their top goal scorer and best player. Nothing…
Don’t by the record, don’t visit them on-line. They’re irrelevent.
We should adopt an anti DR chant at games, turn propoganda back on them
starry plough —–
Hawkeye Records on Craven Park Road
100 yards from a shebeen that operated in the garage behind a mini cab business . Sold 3 drinks ——— Red Stripe / Red Stripe Crucial Brew and big bottles of Lucosade..
The red eyed crazy that manned the bar after midnight claimed to be a relative of Gregory Isaacs and had an I Kong / Pablo Moses tape on a seemingly endless loop.
Can someone confirm who is covering our game tomorrow. SKY or ESPN.
Cheers.
ASOD, your post says Heerenveen ??
ESPN
kdc
Even if were to drop points to Ross County + ICT, we should still walk this league by a country mile regardless of any MIB interference
voguepunter —–
Crollas are 4th division standard —–
KDC
Are you at it?
We are not saying that the players can’t play 2 games in a week>
We are all saying we are playing the most important game for the club for the last 3 years and need to ensure our top players do not get injured in an away game in a tight park, in bad conditions when WE ARE GOING TO WIN THE LEAGUE NO MATTER WHAT!!!!
‘Should’ is what worries me. Get it done then we can start risking matches and points.
there is no rangers/mib mix to take 12 points of hearts/dundee utd this year. Thats where the challenge will come from, maybe aberdeen
SFTB
And finally, let’s hear your views on whether Mandela was a terrorist or not?
Hello,my fellow Tim.
Views are irrelevant.
He confessed.
“WE ARE GOING TO WIN THE LEAGUE NO MATTER WHAT!!!!”
and if we lost it by a point or two after getting a reverse against RC?
Play the strongest team available.
Just last week all I heard was players needed games to get their sharpness!
If it was donw to me, I’d play the line uop and formation planned for Helsinborg