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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I feel like a kid in the back of the car
are they bust yet
are they bust yet
are they bust yet
are they bust yet
PS. My question to BBJ was… Let’s just take it as read that the refs give us nothing, but which decisions in particular stand out in your mind?
And he replied simply: ‘Hundreds’.
SummaofSammi :- Thanks for the invite, the beer sounds good the story even better, I think the best story I heard about Mr Baxter involved him and Puskas? at a party in a Glasgow scheme.
Vogue. Miss proper currys. Real pubs, square slice ( can get it here but not nearby). Morning rolls ( god I miss them) real creamy beer, Celtic park
Don’t miss the weather , huns( don’t get many here. :))). )
Err that’s about it
Go to Beach about twice a year, should go more
quonno on 11 April, 2012 at 11:56 said:
????
What petition?….I haven’t been in Greggs in a long time…it’s just all the posts this morning have made me ravenous and there’s nae sausages etc., in the gaff..
btw,I used to live in Winnipeg and there was a shop in Kildonan that imported all sorts of goodies from Ireland…far better than here in Ingerland,and Winnipeg was 4500 miles away!
Just had a wee read back and have now had to re-assess my lunch arrangements.
Going to have to be the non-healthy option of 2 rolls (well-fired/burnt/crispy) with skwerr sausage Italian style (out of Chapmans – i know i shouldnt but they are rather tasty!), tattie scone and fried onions. Washed doon by ice-cold bottle Irn-Bru (real stuff).
Mmmmmmm
HAIL! HAIL!
Token
Collum’s reported comment that the referee’s strike brought them increased respect, only shows how myopic he is – even if he does have eyes in the back of his head. The only good thing the strike brought was better referees. The big guy from Luxemburg was easily the best referee we had at Celtic Park that season. Give us more!
I’d rather talk about saucisson than PSG.
I WANT TO PICK A GARDENERS BRAINS.
Has anyone come across GLYPHOSATE?.It’s a weed killer but there are warnings,what I want to know is how strong is it,does it get down to the roots of weeds,and is it plant friendly.Want to kill some weeds before heading for the Algarve on Saturday morning.