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Glasgow Rangers enter Administration

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    #151
    But they are only free agents because the club has been liquidated. If they were sold before the club was liquidated and only in Administration then they creditors would have got more back.

    As it is pretty much all of that 5.5 million will go to the administrators and creditors will get nothing.
    Football without Origi is nothing

    Comment

      #152
      The consortium believes that if the holding company is liquidated and a new one starts up then under employment law the contracts have to be moved over to the new company

      The players union think the contracts can be ripped up if liquidation happens

      Comment

        #153
        Originally posted by Daniel 7 View Post
        They should be forced to play in Northern Ireland.
        From my personal experience in Belfast they probably have more fans over there anyway
        Football without Origi is nothing

        Comment

          #154
          Originally posted by S-RED View Post
          all the players are now free agents though, so they haven't got there costs included within the 5.5mill
          I read that the new owners or people close to them, are claiming that players are contractually obliged to join the newco Rangers, otherwise they are in breach of contract, which sounds dodgy to me.

          But if the £5.5m includes the players something very odd is going on.
          The only gracious way to accept an insult is to ignore it; if you can't ignore it, top it; if you can't top it, laugh at it; if you can't laugh at it, it's probably deserved.

          Comment

            #155
            Club 12 look there for the taking next season.
            Modifying post.

            Comment

              #156
              some dirty dealing going on, here

              removing all the weak links makes us stronger

              too many gutless players, no beef or desire. pussies everywhere... sack them all.

              Comment

                #157
                Originally posted by Daniel 7 View Post
                Its not even a real rivalry though Alex, it all came about in the late 80's and went nuclear when this tackle happened - basically it stopped Durrant becoming the player he was supposed to be...

                YouTube- Neil Simpson Tackle On Ian Durrant.mp4 - YouTube

                Aberdeen were runners up in everything for 6 or 7 years and as is typical for the fanbase, they are completely ****ing incapable of moving on. Its been vicious and spiteful ever since.
                I always thought it was some long running thing.
                *Except Michael, who died.

                Comment

                  #158
                  Further problems for Sevco 5088 FC at Ibrox.

                  Rangers new owner Charles Green faces company name problems

                  By Martin Conaghan BBC Scotland

                  BBC Scotland has learned that Charles Green's Sevco 5088 company is not currently permitted to inherit the name "The Rangers Football Club".

                  Any attempt to adopt the name "The Rangers Football Club" would require the approval of the liquidators, BDO.

                  Companies House has said that a name change application has not been made by Sevco 5088, and may not be possible.

                  The consortium insists the full name will be transferred over to Sevco 5088 in due course.

                  "The Rangers Football Club P.L.C.", which has the registered company number SC004276, has not yet been dissolved, but will inevitably be liquidated due to unpaid debts.

                  BBC Scotland can confirm that the company's liquidators, BDO, have not yet taken control of the company's affairs, and may not do so for some time.
                  Continue reading the main story

                  “Sevco 5088 would not be able to apply to change its name to The Rangers Football Club Ltd. until either the original company is fully dissolved, a process which can take about a year to complete, or the receivers give the go-ahead for the name change to take place”

                  Companies House spokesperson

                  Green's consortium confirmed to BBC Scotland that a purchase of the assets and intellectual property of The Rangers Football Club P.L.C. has been concluded with the administrators Duff & Phelps, which includes the company name.

                  The consortium insists the full name will be transferred in due course and that a name change is not currently an issue because liquidation of the old company has not yet commenced.

                  However, a Companies House spokesperson told BBC Scotland: "Sevco 5088 would not be able to apply to change its name to 'The Rangers Football Club Ltd' until either the original company is fully dissolved, a process which can take about a year to complete, or the receivers give the go-ahead for the name change to take place.

                  "From a regulations standpoint, once the receivers or the liquidators/administrators for the current PLC agree to a name change, Sevco 5088 could then apply to change its name to 'The Rangers Football Club Ltd'.

                  "If they apply without following this procedure, systems are in place to flag up names which are too similar."

                  Article 10.7 of the Scottish FA's Articles of Association states that the name of a club cannot be changed without board approval, while Article 74.2 states that a club's name cannot be changed to anything linked with sponsorship.

                  The Scottish Premier League has no specific regulations regarding the naming of clubs or their parent companies.

                  Green's newco continues to trade under the name Sevco 5088, which has the company number 08011390, meaning it was registered in England. The sole director listed on the Companies House website is Charles Alexander Green.

                  The 'Sevco' prefix is a generic company name, often used by organisations which register companies on someone else's behalf. Sevco names can be registered in bulk through Companies House and renamed at a later date as long as strict naming criteria are met.

                  Companies House is a government agency run by the department of business and enterprise and deals with the registration and incorporation of UK businesses. All documentation relating to limited companies, including information such as company names, directors, accounts and share allocations, must be processed through the agency.

                  The proposed name for the new Rangers company is 'The Rangers Football Club Ltd'. All UK companies limited by liability via shares or guarantee must end with 'Limited' or 'Ltd.' - only public companies traded on the stock exchange can end in PLC or P.L.C.

                  Shares in Rangers Football Club were suspended from the Plus Stock Exchange on 9 January.

                  Other companies currently registered at Companies House with similar names include: Rangers Limited, Rangers.co.uk Limited, The Rangers FC Group Limited, Rangers Football Club of Glasgow Ltd, Rangers GB Limited and Rangers (2012) Ltd.
                  Modifying post.

                  Comment

                    #159
                    LOL

                    So they are no longers the Gers but the Sers

                    Comment

                      #160
                      The metro mentioned that they could be stripped of some titles, not sure if there's anything in it.
                      The only gracious way to accept an insult is to ignore it; if you can't ignore it, top it; if you can't top it, laugh at it; if you can't laugh at it, it's probably deserved.

                      Comment

                        #161
                        Originally posted by Exiled_red View Post
                        The metro mentioned that they could be stripped of some titles, not sure if there's anything in it.
                        They could be stripped of 7 league titles that they won whilst paying players untaxed earnings through an illegal trust scheme. They deserve to lose them all.
                        Modifying post.

                        Comment

                          #162
                          Anyone know if they are allowed into the SPL next season or if there is a vote taking place onit?

                          Comment

                            #163
                            Originally posted by Buzzo View Post
                            They could be stripped of 7 league titles that they won whilst paying players untaxed earnings through an illegal trust scheme. They deserve to lose them all.
                            You're taking so much pleasure from all this, it's almost unseemly.
                            .
                            Suppose you have a physicist and a sociologist standing at the side of a field, observing a set of events unfolding on the field. The physicist does [describes] it using the terminology of mass and velocity and frequency of radiation and the rest. And the sociologist does it by describing it as a rugby match.



                            May the Lord bless this post.

                            Comment

                              #164
                              Vote takes place on july 14th. They should be booted out.

                              Comment

                                #165
                                They need 7 of the other 11 SPL teams to back them in the vote if they are to stay in the SPL
                                The only gracious way to accept an insult is to ignore it; if you can't ignore it, top it; if you can't top it, laugh at it; if you can't laugh at it, it's probably deserved.

                                Comment

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