bede 19 Posted October 10, 2012 Share Posted October 10, 2012 I know we are the same club, it's not even up for debate, club is the same, but we are a newCo. Rangers - 1872 till forever The company 1899-2012 BUT The old company hasn't yet been liquidated, now it currently/did/ owe 50m to HMRC, but we haven't lost the case. If we were to win the case I assume the debts of the old company would be wiped, the footballing debts we have paid since (most). So could we buy back the oldco if we one the case and merge it with the newCo, or just own it anyway. We don't need it, but imagine sticking it to the Tims. There's this one guy I know and it would give me soooo much pleaser to hear him if we bought the old company and merged it. Could this happen? Quote Link to post Share on other sites More sharing options...
graeme_4 34,458 Posted October 10, 2012 Share Posted October 10, 2012 No.Edit: should also add that no one should give a fuck what they think / say / do. Quote Link to post Share on other sites More sharing options...
JograBear 1,074 Posted October 10, 2012 Share Posted October 10, 2012 Who cares.....what difference does it make? It's just a company not a football club. Quote Link to post Share on other sites More sharing options...
Guardian 4,281 Posted October 10, 2012 Share Posted October 10, 2012 Hell no. Quote Link to post Share on other sites More sharing options...
bonhillbear 58 Posted October 10, 2012 Share Posted October 10, 2012 Why would you want it to? Quote Link to post Share on other sites More sharing options...
Gaz92 966 Posted October 10, 2012 Share Posted October 10, 2012 Is the bashing from the tims been too much for you? Quote Link to post Share on other sites More sharing options...
SectionRedHMS 190 Posted October 10, 2012 Share Posted October 10, 2012 I know we are the same club, it's not even up for debate, club is the same, but we are a newCo. Rangers - 1872 till forever The company 1899-2012 BUT The old company hasn't yet been liquidated, now it currently/did/ owe 50m to HMRC, but we haven't lost the case. If we were to win the case I assume the debts of the old company would be wiped, the footballing debts we have paid since (most). So could we buy back the oldco if we one the case and merge it with the newCo, or just own it anyway. We don't need it, but imagine sticking it to the Tims. There's this one guy I know and it would give me soooo much pleaser to hear him if we bought the old company and merged it. Could this happen? Brothmouth..... Quote Link to post Share on other sites More sharing options...
Understated 10 Posted October 10, 2012 Share Posted October 10, 2012 To resurrect the Oldco, you would have to be able to pay all the debts accumulated by it before the liquidation is complete. Quote Link to post Share on other sites More sharing options...
theiconicman 2,991 Posted October 10, 2012 Share Posted October 10, 2012 Unless Charles Green wants to pay Ticketus the £20 odd million then I think this is a dead duck. Quote Link to post Share on other sites More sharing options...
glesgabear81 24 Posted October 10, 2012 Share Posted October 10, 2012 I'd rather we were given the option to buy shares in the oldco as opposed to the newco. Some people say they don't care about the company, I do, it will be sad to see it liquidated, its been part of the club for over 100 years. Owning a share in a company that until recently was called sevco wont mean as much if I buy in. On the bright side at least its not whyte doing the share issue, he would probably have sold off the assets to another consortium and left us holding shares in a worthless company while he lives it up in Monaco. Quote Link to post Share on other sites More sharing options...
Gaz92 966 Posted October 10, 2012 Share Posted October 10, 2012 I'd rather we were given the option to buy shares in the oldco as opposed to the newco. Some people say they don't care about the company, I do, it will be sad to see it liquidated, its been part of the club for over 100 years. Owning a share in a company that until recently was called sevco wont mean as much if I buy in. On the bright side at least its not whyte doing the share issue, he would probably have sold off the assets to another consortium and left us holding shares in a worthless company while he lives it up in Monaco. Quote Link to post Share on other sites More sharing options...
thegummy 4,472 Posted October 10, 2012 Share Posted October 10, 2012 I'd rather we were given the option to buy shares in the oldco as opposed to the newco. Some people say they don't care about the company, I do, it will be sad to see it liquidated, its been part of the club for over 100 years. Owning a share in a company that until recently was called sevco wont mean as much if I buy in. On the bright side at least its not whyte doing the share issue, he would probably have sold off the assets to another consortium and left us holding shares in a worthless company while he lives it up in Monaco.I can't get my head around what you mean.Why would you want to buy shares in a company that does no trading and is in millions of pounds of debt rather than the company who own Rangers FC? Quote Link to post Share on other sites More sharing options...
glesgabear81 24 Posted October 10, 2012 Share Posted October 10, 2012 I can't get my head around what you mean.Why would you want to buy shares in a company that does no trading and is in millions of pounds of debt rather than the company who own Rangers FC?I mean I wish none of this had happened, some of you bounce about this forum like stunned slugs, would words in pictures help in the future? Quote Link to post Share on other sites More sharing options...
Gaz92 966 Posted October 10, 2012 Share Posted October 10, 2012 I mean I wish none of this had happenedAnd I wish I'd won the lottery last Saturday! Quote Link to post Share on other sites More sharing options...
glesgabear81 24 Posted October 10, 2012 Share Posted October 10, 2012 And I wish I'd won the lottery last Saturday!Shitty low paid job? Quote Link to post Share on other sites More sharing options...
thegummy 4,472 Posted October 10, 2012 Share Posted October 10, 2012 I mean I wish none of this had happened, some of you bounce about this forum like stunned slugs, would words in pictures help in the future? Aye that's right, we're just too thick to read between the lines. You didn't say something pure daft... Quote Link to post Share on other sites More sharing options...
bs1982 22 Posted October 10, 2012 Share Posted October 10, 2012 Even if we win the big tax case oldco would still owe about £40m to Ticketus and HMRC but it has practically no assets left. Why on earth would anyone consider paying millions for no assets? Quote Link to post Share on other sites More sharing options...
fyfe 19 Posted October 10, 2012 Share Posted October 10, 2012 So you want Green to waste his time buying a company we don't need just to 'stick it to the tims'? What a massive waste of time that'd be, not to mention the debts we'd inherit, such as the ticketus one a previous poster mentioned. Quote Link to post Share on other sites More sharing options...
glesgabear81 24 Posted October 10, 2012 Share Posted October 10, 2012 Aye that's right, we're just too thick to read between the lines. You didn't say something pure daft...Reading back I accept it was worded badly, I apologise for being an arse about it. My point still stands though. Quote Link to post Share on other sites More sharing options...
TheFarmer 260 Posted October 10, 2012 Share Posted October 10, 2012 Iv the old company win the tax case the debt will be in the region of £20 million (minus big tax case minus football debt). I would offer those creditors a CVA of 5p - 10p in the pound, problem is Whyte would have to hand over his shares as well. If anything it would mean we have paid off our debts and the old company wouldn't be liquidated. Quote Link to post Share on other sites More sharing options...
cd true bluenose 86 Posted October 10, 2012 Share Posted October 10, 2012 I'd rather we were given the option to buy shares in the oldco as opposed to the newco. Some people say they don't care about the company, I do, it will be sad to see it liquidated, its been part of the club for over 100 years. Owning a share in a company that until recently was called sevco wont mean as much if I buy in. On the bright side at least its not whyte doing the share issue, he would probably have sold off the assets to another consortium and left us holding shares in a worthless company while he lives it up in Monaco.some of us had shares in the old co ? yes i would still like to have them without having to buy them again. but i care about the football team not the company even after losing about £3000 in shares through liquidation Quote Link to post Share on other sites More sharing options...
Alnic3856 358 Posted October 10, 2012 Share Posted October 10, 2012 Owning a share in a company that until recently was called sevco wont mean as much I negged you on the grounds that sounds taigish as fuck. Quote Link to post Share on other sites More sharing options...
thegummy 4,472 Posted October 10, 2012 Share Posted October 10, 2012 some of us had shares in the old co ? yes i would still like to have them without having to buy them again. but i care about the football team not the company even after losing about £3000 in shares through liquidation Oof brutal man, so shitty that previous shareholders had to lose out. Quote Link to post Share on other sites More sharing options...
annanbear 5 Posted October 10, 2012 Share Posted October 10, 2012 Iv the old company win the tax case the debt will be in the region of £20 million (minus big tax case minus football debt). I would offer those creditors a CVA of 5p - 10p in the pound, problem is Whyte would have to hand over his shares as well. If anything it would mean we have paid off our debts and the old company wouldn't be liquidated.Too late for that. It's getting liquidated as CVA was rejected. A new CVA can't be proposed. Quote Link to post Share on other sites More sharing options...
glesgabear81 24 Posted October 10, 2012 Share Posted October 10, 2012 I negged you on the grounds that sounds taigish as fuck.Repped you for originality. Quote Link to post Share on other sites More sharing options...
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