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Kane57

Takeover - action stations everyone

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THE public purse has still not received a penny of the £72 million owed to the taxman by the liquidated company which owned Rangers FC.

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2 minutes ago, Howardroark said:

The assets are purchased out of liquidation, name, stadium etc 

The owner of the assets would then apply to the league to join as a member. 

With Rangers the assets were purchased by Charles Green under a new company, but the SPL refused to allow membership, the SFL did however approve membership.

Also worth noting that Rangers were liquidated by HMRC who refused to allow them to escape via administration.

The entry point in such circumstances is not the league......

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who owns rangers stadium?

did newco buy that back, who from, and at what cost?

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2 minutes ago, bwfcfan5 said:

The entry point in such circumstances is not the league......

Whom is it?

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Yes new company but I was told by  a rangers fan at work that they were still the most successful club in the world with title wins thought you lost everything if you had to reform  or is  he wrong ? 

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Just now, Mounts Kipper said:

What do we owe?

1.2m I think

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1 minute ago, HomerJay said:

who owns rangers stadium?

did newco buy that back, who from, and at what cost?

From the liquidator. I think it was £11M or something, not sure. 

The big issue was about whether or not they bought the players contracts or not.

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2 minutes ago, Farnywhite said:

Yes new company but I was told by  a rangers fan at work that they were still the most successful club in the world with title wins thought you lost everything if you had to reform  or is  he wrong ? 

It’s a different LTD company so technically wrong, but could be argued as right also.

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13 minutes ago, Howardroark said:

No, but a secured creditor will always get paid first so they have to be paid in full before you can move on to the unsecured creditors, who are entitled to 25% under the EFL rules.

Ok so by stipulating we pay 25% to unsecured by default we must pay 100% secured.....are we saying then that football creditors are chippy money in the grand scheme?

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8 minutes ago, radcliffewhite1 said:

So there’s a good chance we could be made an example of here and wound up

Definitely IMO, the EFL seem to have had it in for us for years. 

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3 minutes ago, onlyoneawalker said:

Ok so by stipulating we pay 25% to unsecured by default we must pay 100% secured.....are we saying then that football creditors are chippy money in the grand scheme?

There are no football creditors according to EFL (other than possibly Forest Green).

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Rangers £21m not £2.1m???? How the fuck were they allowed to rack £21m of debt up with HMRC that’s mind blowing 

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Just now, dazl1212 said:

Definitely IMO, the EFL seem to have had it in for us for years. 

What utter shit, have they fuck

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Just now, Howardroark said:

There are no football creditors according to EFL (other than possibly Forest Green).

Parkys bonuses ..... probably three quid and a bag of salt n vinegar

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Just now, onlyoneawalker said:

Rangers £21m not £2.1m???? How the fuck were they allowed to rack £21m of debt up with HMRC that’s mind blowing 

Didn’t pay NI contributions I believe.

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2 minutes ago, onlyoneawalker said:

Rangers £21m not £2.1m???? How the fuck were they allowed to rack £21m of debt up with HMRC that’s mind blowing 

Mind blowing that! I went a month over on my water bill and got harassed to fuck 

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it went on for years, and final sum was inclusive of penalties etc IIRC

 

Celtic fans refer to them as Zombies...

 

On the same topic, how the fuck do AFC Wimbledon have an FA Cup listed on their honours? Its bullshit

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18 minutes ago, Howardroark said:

Whom is it?

its been mentioned before, but I think we are looking at 8th tier or summat- sure Colls have already submitted their application to maintain status??? Initially could be looking around there.

 

 

Again, I have slept and drank heavily since reading this

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1 minute ago, Dr Faustus said:

its been mentioned before, but I think we are looking at 8th tier or summat- sure Colls have already submitted their application to maintain status??? Initially could be looking around there.

 

 

Again, I have slept and drank heavily since reading this

I thought the registration is part of the club so would be transferred as an asset, the league would then vote on if to accept the new company/club in to the league (and where).

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I guess the situation is different, but Blackpool haven't been demoted, and are hoping for a favourable decision. 

Who knows.

Sick of all this crap now though.

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19 minutes ago, Dr Faustus said:

it went on for years, and final sum was inclusive of penalties etc IIRC

 

Celtic fans refer to them as Zombies...

 

On the same topic, how the fuck do AFC Wimbledon have an FA Cup listed on their honours? Its bullshit

So using Rangers and Wimbledon as examples we could  keep our history but start again at a shity level with no players and possible no ground . Would not thought the football league would want a founder member going tits up on there watch but could be wish full thinking 

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