Ellis throws administration a legal curveball

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The very last thing anyone connected with Rangers wanted to read this morning is that Andrew Ellis, Craig Whyte’s former associate, is suing the Rangers owner for 24.9% of the club’s shares.  This puts a further legal impediment in the way of any potential transfer of shares or stadium assets from Whyte to a new party.  It remains to be seen if Ellis is in a position to legally enforce his claim however the veracity of his claim may be moot.

Prospective Rangers buyers do not have time to spend in court hearings and appeals before the start of the new season.  If a phoenix (or even a CVA) is to be put in place it is likely that those with a claim, any claim, will need to be satisfied.

This development comes a week after Whyte transferred the security over Ibrox he holds through Rangers FC Group Ltd to Liberty Corporate Ltd.

Legal issues over ownership of shares and assets aside, Rangers’ administrators still have to deal with creditors, in particular, HMRC, who will soon learn if their tax demand against the club has been upheld by the First Tier Tribunal, and Ticketus.  Duff and Phelps were denied the right to set aside the deal which Ticketus struck with Rangers to buy thousands of seasons tickets, leaving a path open for Ticketus to present a legal challenge to any deal which does not recognise their interests.

Chances of an early exit from administration appear to be diminishing by the day. Motherwell were in administration for four days short of two years between April 2002 and April 2004. If Rangers are not out of administration on the morning the new season kicks off they would start on minus 10 points.

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  1. Steinreignedsupreme on

    jude2005 is Neil Lennon \o/ on 10 April, 2012 at 23:38:

     

     

    “North of the Clock?? Thats a bridge!! lol”

     

     

    I left out the bit about him falling on hard times…

  2. jude2005 is Neil Lennon \o/ on 10 April, 2012 at 23:36 said:

     

    S S

     

     

    Drove to Garachico. Had a brill day.

     

     

    ————————

     

     

    go stay a couple of night next time.

     

    brilliant people in the town, let anyone know your a scottish celtic fan, and word will get around town, and some relation will come say hello.

     

     

    my port sister in law married one of the guys from the town.

     

    20 odd years ago.

     

     

    its a magic place.

  3. BTW….what is this ‘fawning’ disparagement? If ye cannae support a fellow Celt,then what use are ye?

     

    Anyway….Bambi is one of the all time great animations. I blubbed myself sick when I was 5 and I watched it.

     

    Always had a soft spot for the creatures of the wood ever since.

     

    Oh deer oh deer oh deer.

     

    I’ll get my coat now…….

  4. BIG-CUP-WINNERS

     

     

    After I posted that I realised I should have added the word racist, along with sectarian, their hate is palpable.

     

     

    Irish, Catholic, ginger hair, a Timmy sounding name, pure and utter racisism.

     

     

    I posted many moons ago that Celtic are akin to a Jewish club playing in Nazi Germany, and not a single poster could give me an answer that was in any way contradictory to that statement.

     

     

    As long as they don’t sing about Blacks, or Jews or Muslims everything is fine, the Irish are fair game.

  5. Green Oak Tree on 10 April, 2012 at 23:40 said:

     

     

    There is nothing that prohibits someone from being both a mason and a practising Catholic.

     

     

    Read a book many years ago ‘Inside the Brotherhood’ I think it was called. It gave an account of how masonic Catholics almost brought down the Vatican.

  6. ernie lynch on 10 April, 2012 at 23:41 said:

     

     

    allright bud.

     

     

    wheres our man Donegal Danny these days ?

     

    all ok with him , i hope.

  7. Fortunes Favour Mibbes on

    Green Oak Tree @ 23:40

     

     

    Effectively, anyone can join the Masons.

     

     

    It’s only in Scotland that it has become synonymous with anti-Catholicism because that is as much a predominant thing here as Masonry is.

  8. suttons volley on

    There should be a publicly funded scientific study in to the behaviour/mindset of our ugly neighbours by the UK government to establish why a degenerate, spiteful and vulgar brotherhood was allowed to flourish for so long.

     

     

    btw has anyone else mentioned the fact that if the morons who posted devices had been called Khan or Muhammed they would have been charged with terrorism?

     

     

    I am a proud Scot but I’m losing faith every day

     

     

    HH

  9. Green lantern,

     

     

    Of course you are correct.

     

    I tried to rationalise with the subject of last night’s discussion,as to how a decent person could turn a blind eye to the RFC ethos.

     

     

    The response I got was that I was a bigot.

     

     

    End of negotiations.

     

     

    Cognitive Dissonance = Denial.

  10. jude2005 is Neil Lennon \o/ on

    A man once asked me what Knights am in? A told him the nights am no out!!

     

     

    Night U all .

  11. Green Oak Tree

     

    Canon Law does not prohibit it but the Sacred Congregation for the Doctrine of the Faith does. I believe a certain Joseph Ratzinger published a document on this.

     

    Freemasonry doesn’t object to it as it isn’t a religion and only asks you to believe in a supreme being.

     

     

    Anyway he’s not one.

  12. ttt

     

     

    A very valid point, but I don’t think he will be allowed.

     

     

    The stench of masonary extends well beyond the border.

     

     

    In all honesty, how many anti masonic progs have you ever seen ?

     

     

    Hidden in plain sight mi amigo, hidden in plain sight.

  13. Steinreignedsupreme on

    Saint Stivs on 10 April, 2012 at 23:45:

     

     

    “wheres our man Donegal Danny these days ?

     

    “all ok with him , i hope.”

     

     

    Celtic are winning. He has nothing to moan about about. It must be breaking his heart.

  14. Anyway in Belfast it was

     

    marlies

     

    boulers (as geting a boot in the…….)

     

    ironies

     

    dinkies

     

    I have a very fine collection of said items generously sent (propelled) to me from our misled cousins over the wall.

     

    Along with that lot I have numerous golf balls snooker/ pool balls and a very large bucket of shipyard confetti.

     

    MacanB

     

    to

  15. hamiltontim on 10 April, 2012 at 23:45 said:

     

    Green Oak Tree on 10 April, 2012 at 23:40 said:

     

     

    ”There is nothing that prohibits someone from being both a mason and a practising Catholic.”

     

     

    The Catholic Church prohibits membership of the freemasons.

  16. ernie

     

     

    row z explained it better than me. Although the money doesn’t go directly to creditors it is ‘moved’ in their direction.

  17. Kilbowie Kelt

     

     

    I’ve never written about bools/bulls/boules before, so just remembering a wee boy’s take on things.

     

     

    And things change.

     

     

    I moved from craziest brazie all the way to Elgin St when I was four.

     

     

    The bit behind the shops (where we fought the Dolans) was known as The Backies (the back of the shops).

     

     

    Wee brother is seven years younger, and his mob thought it was The Blackies, short for The Black Gates, the entrance from Abbot Cres.

     

     

    “Ur ye goin tae the Black Gates, there’s another car on fire”

  18. If Mauro Formica of Blackburn Rovers played for Rangers under the EBT scheme, do you think the SFA/SPL would wipe the slate clean? :-)

     

     

    Hat, coat…sorry PJ’s and goony..off to bed!

     

     

    HH

  19. Saint Stivs on 10 April, 2012 at 23:45 said:

     

     

    I can’t remember the last time I saw a post from DD.

  20. ernie lynch on 10 April, 2012 at 23:53 said:

     

     

    Yes but there is nothing within Freemasonry that would prohibit a Catholic from joining that was my intended point not vice versa.

  21. Steinreignedsupreme on

    Fortunes Favour Mibbes on 10 April, 2012 at 23:46 said:

     

    Green Oak Tree @ 23:40

     

     

    “Effectively, anyone can join the Masons”

     

     

    Aye. But you need to have a certain mind-set to require a leg-up to get on in life.

     

     

    I believe the work is ‘weak’.

  22. Green Oak Tree on

    jude2005 ….Hamilton

     

     

    I was always under the impression that you had to renounce your RC faith to become a mason in Scotland….I stand corrected …Thanx

  23. suttons volley on

    thomthethim on 10 April, 2012 at 23:47 said:

     

     

     

    Thom they are not all like that, just brainwashed to give this stance when in colours.

     

     

    You shouldnt tar thousands of people with the same brush

     

     

    HH

  24. Green Oak Tree on 10 April, 2012 at 23:55 said:

     

    jude2005 ….Hamilton

     

     

    ‘I was always under the impression that you had to renounce your RC faith to become a mason in Scotland’

     

     

    In effect, that’s what you’re doing by joining the masons.

  25. jude2005 is Neil Lennon \o/ on

    The guy that owns Glencairn Crystal is owed £326 by thems. for mollys jug. Anyway he was introduced to me at the last Whisky Festival in Glasgow. The guy that introduced me (a blue nose) said “this is —— and he doesnt use the Blue Train” Card marked!!.

     

     

    Saddoh!!

     

     

    Night U all 2

  26. Fortunes Favour Mibbes on

    Steinreignedsupreme

     

     

    Exactly. Was just thinking the same thing when I refreshed and saw your post.

     

     

    It’s a not very successfully secret society due to the low IQ of those who are keen to join it. They are so keen to get to the top of their wee pyramid of power. The level of inefficiency starts at the bottom and continues right to the top.

     

     

    Shower of muppets imo. Similar to the stupid huns.

     

     

    But sadly holding a lot of sway not only in Scotland but also in England, as former Lib Dem leader Simon Hughes commented on not too long ago.

  27. The name of the game in France and here in Spain is called Petanque, every village would have at least one court, and they take it very seriously indeed, I entered last year at the fiesta got to the 3rd round, one of the blokes I beat wasn’t a happy bunny, had been playing all his 60 odd years, me for a week, how to intergrate with the locals :>)

  28. JimmyQuinnsBits on

    How about them German masons… how the hell do u roll up lederhosen

     

     

    They must have forearms like popeye

     

     

    and its goat ti… well… smell a bit, no?

     

     

    Ha! ah even got “goat” in there… naw? stuff yeez, ahm away t bed

     

     

    nigh night and hail hail

  29. ernie lynch on 10 April, 2012 at 23:57 said:

     

    Green Oak Tree on 10 April, 2012 at 23:55 said:

     

    jude2005 ….Hamilton

     

     

    ‘I was always under the impression that you had to renounce your RC faith to become a mason in Scotland’

     

     

    In effect, that’s what you’re doing by joining the masons.

     

     

    ————————————————————————————

     

     

    How would that square with the 3 men that I’ve known in my lifetime who were practising Catholics but also members of the masons?

     

     

    The PP in all cases knew about their membership.

  30. Zbyszek on 10 April, 2012 at 22:08 said:

     

     

    excellent post.

     

     

    you are who you think you are, how you feel about yourself.

     

     

    thought provoking .

     

     

    keep it lit.

  31. THE EXILED TIM on 10 April, 2012 at 23:50 said:

     

    ttt

     

     

    A very valid point, but I don’t think he will be allowed.

     

     

    The stench of masonary extends well beyond the border.

     

     

    In all honesty, how many anti masonic progs have you ever seen ?

     

     

    Hidden in plain sight mi amigo, hidden in plain sight.

     

     

    share on F’book or Twitter

     

     

     

    **********

     

     

    And therein lies the problem.

     

     

    In our hearts, we all know that masonry will save them, or at least, minimise the justice that they should receive.

     

     

    I include EUFA in the equation.

     

     

    Good night I amigo.

  32. Green Lantern (((((0))))) on

    Hamiltontim. Masonry as is practised in most countries is open to all regardless of faith as long as one believes in a Supreme Being.

     

    In Scotland it is different and has degenerated into a predominantly protestant organisation which appears to have some links with other protestant orders including similarities in ritual eg. The Royal Arch Purple Order.

     

    It is not therefore a huge leap to imagine an anti Catholic dimension in Scottish Masonry and given the numbers of ex referees invited to Masonic dinners as speakers, to perceive a link between the masons and the football establishment in Scotland.

  33. hamiltontim on 11 April, 2012 at 00:00 said:

     

     

    ”The PP in all cases knew about their membership. ”

     

     

    Ask the PP.

     

     

    Ask him what the Church’s official position is on membership of the masons, specifically whether it entails automatic excommunication.

  34. Fortunes Favour Mibbes on

    HT,

     

     

    At some point in the pyramid, mid-level, I think it is, they are told they must then renounce their faith in favour of the “Supreme Architect”. I don’t think they are asked to do this at entry level, but rather it is a condition of entry that they must be mono-theistic, regardless of the religion.

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