ray 105 Posted June 20, 2012 Share Posted June 20, 2012 Right, so the £5.5m goes to Whyte? I couldn't care less who gets the money from OldCo (although the thought of Whyte profiting does stick in the craw). Or are you suggesting he can lay claim to the assets themselves, rather than the profit for them? Are you suggesting D&P had no right to sell the assets? Sounds very far-fetched...No the assets have quite possibly been illegally disposed of, we will soon find out if whyte's daddy (sic) decides to contest matters, a court may have to decide if in fact oldco had any assets to dispose of or who in law had first call on assets, whytey is a lot of things as I keep saying, a fool isn't one of them.Fools without a pot to piss in don't buy The Rangers, sharp operators without a pot to piss in do. Quote Link to post Share on other sites More sharing options...
Steely 58 Posted June 20, 2012 Share Posted June 20, 2012 Shouldn't green be taking whyte to court for £2 he paid for worthless shares? Quote Link to post Share on other sites More sharing options...
Redwhiteandblue 3,330 Posted June 20, 2012 Share Posted June 20, 2012 Shouldn't green be taking whyte to court for £2 he paid for worthless shares?Is that a catholic in a Rangers top in your avatar? Quote Link to post Share on other sites More sharing options...
trueblueal 2,117 Posted June 20, 2012 Share Posted June 20, 2012 Where has this story orginated? Anyone got a link? Quote Link to post Share on other sites More sharing options...
Polo 1,435 Posted June 20, 2012 Share Posted June 20, 2012 For those of a nervous disposition please sit down, whytey's daddy now holds the preferential status through Liberty Corporate Ltd once claimed by RFC Group Ltd/whytey over The Rangers assets, all done quite legally and above board by executing the proper MG01.Things could get even more interesting than they already are if that is at all possible.Let's not go down this road again Ray!Whyte and his daddy can do fuck all to prevent the admins disposing of Oldco's assets. Quote Link to post Share on other sites More sharing options...
CHAMPS4LIFE 86 Posted June 20, 2012 Share Posted June 20, 2012 link between Green and Whyte = they both share a color as a second name and even then whyte is a shade bollocks to the scaremongers Quote Link to post Share on other sites More sharing options...
Dennis 1,011 Posted June 20, 2012 Share Posted June 20, 2012 Whyte back to save the Rangers? Quote Link to post Share on other sites More sharing options...
Ger for life 199 Posted June 20, 2012 Share Posted June 20, 2012 Correct me if I'm mistaken. What happened to King's assertion that he had first claim to Whyte's shares and that Green could not gain control of them.Surely if King has legal proof of this why isn't he going after Whyte for breach of agreement?I also thought that King was suing the club for his investment stating he was mis-informed before making said investement?Only guy who doesn't seem to be caught up in any of this at the moment is Murray - the one who started everything!More twists and turns than a corkscrew! Quote Link to post Share on other sites More sharing options...
CHAMPS4LIFE 86 Posted June 20, 2012 Share Posted June 20, 2012 Correct me if I'm mistaken. What happened to King's assertion that he had first claim to Whyte's shares and that Green could not gain control of them.Surely if King has legal proof of this why isn't he going after Whyte for breach of agreement?I also thought that King was suing the club for his investment stating he was mis-informed before making said investement?Only guy who doesn't seem to be caught up in any of this at the moment is Murray - the one who started everything!More twists and turns than a corkscrew!King is suing Murray Quote Link to post Share on other sites More sharing options...
Ger for life 199 Posted June 20, 2012 Share Posted June 20, 2012 King is suing MurrayTake your word for it although my understanding is that he stated he would be persuing Rangers and if successful he would re-invest the money into the club.I know it sounds a bit why would you do that? But I think we are all getting frazzled with all of this now. It has been a long five or so months!! Quote Link to post Share on other sites More sharing options...
CHAMPS4LIFE 86 Posted June 20, 2012 Share Posted June 20, 2012 Take your word for it although my understanding is that he stated he would be persuing Rangers and if successful he would re-invest the money into the club.I know it sounds a bit why would you do that? But I think we are all getting frazzled with all of this now. It has been a long five or so months!!defo Murray he says he fooled him ect and he says if he wins he will invest it straight into Gers .... prob so the south african government dont get it Quote Link to post Share on other sites More sharing options...
Alwaysblue 709 Posted June 20, 2012 Share Posted June 20, 2012 Just in from work but the RUMOUUR going round is that Whyte retains and holds control of assets due to the floating charge. I do not know enough to know how accurate this may be Quote Link to post Share on other sites More sharing options...
Ger for life 199 Posted June 20, 2012 Share Posted June 20, 2012 defo Murray he says he fooled him ect and he says if he wins he will invest it straight into Gers .... prob so the south african government dont get it Cheers mate! Hope he wins and is true to his word! Quote Link to post Share on other sites More sharing options...
jonbryce 63 Posted June 21, 2012 Share Posted June 21, 2012 Errm, is Whyte not the majority shareholder in the OldCo? I thought the CVA rejection and liquidation of OldCo made his shares irrelevant? I'm no accountant or business lawyer though, what can Whyte be challenging? Basically yes.What he will be challenging is his position as a secured creditor with security over Ibrox and Murray Park. He will say that he should get those assets in settlement of that debt and they shouldn't have been sold to Greens Newco without his permission. The administrators didn't list Whyte as a creditor, so he will challenge that as well. Quote Link to post Share on other sites More sharing options...
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