mitre_mouldmaster 21,511 Posted October 24, 2012 Share Posted October 24, 2012 The last thread I wrote had me accused of wing a secret tim, so let's see how the one goes.....Given the recent news about D&P or Grier in particular admitting they knew about the Ticketus deal I can see that the talk has already turned to people discussing the administration being reversed and the sale of the club being challenged.To put it simply, IT WILL NOT HAPPEN!To unwind a complex business transaction such as this, after such a period of investment from our new owners because of an issue like this would be impossible and in no-ones interests.What might happen if it turns out that D&P messed up is that they will find themselves getting sued by the creditors ( in particular Ticketus) and one of their liability funds takes a hit. D&P are a big firm and can take the hit.We are not getting dragged back into this. The media will come out with all sorts of scare stories and start hinting at ridiculous outcomes. They are talking crap.I have never been a bury my head in the sand type. I said administration was inevitable for months enforce it happened and said NewCo was our best option way before talk of liquidation (of the oldco) even began.We are safe in our NewCo, that's the benefit of corporate liability. Our club is safe and Whyte can't touch us. Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,511 Posted October 24, 2012 Author Share Posted October 24, 2012 Random auto correct!^enforce should read before Quote Link to post Share on other sites More sharing options...
Blue and True 311 Posted October 24, 2012 Share Posted October 24, 2012 the media have been lied tobig frign dealthe only legal aspect I can see is that ticketus may have some recourse with D&PBut even then its unclear from the report if they knew or was Grier on his own. Quote Link to post Share on other sites More sharing options...
trublusince1982 768 Posted October 24, 2012 Share Posted October 24, 2012 if you have a look at the other thread in question you will see that what your sayings is where it ended up. some bears asked the question other bears provided some facts they knew,some other bears who know the laws better explained nought can happen, and all was happy again. its the benifit of being a bear we are the people for the people. Quote Link to post Share on other sites More sharing options...
54andcounting 627 Posted October 24, 2012 Share Posted October 24, 2012 Secret tim!!!! Quote Link to post Share on other sites More sharing options...
Bear78 96 Posted October 24, 2012 Share Posted October 24, 2012 No chance of that happening Quote Link to post Share on other sites More sharing options...
GMac 1,405 Posted October 24, 2012 Share Posted October 24, 2012 Celtic get beat by BarcelonaNext day shit stories about Rangers. Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,511 Posted October 24, 2012 Author Share Posted October 24, 2012 the media have been lied tobig frign dealthe only legal aspect I can see is that ticketus may have some recourse with D&PBut even then its unclear from the report if they knew or was Grier on his own.It's fairly bad for D&P, good cance they would be punished for Griers actions, even if they had no knowledge. Quote Link to post Share on other sites More sharing options...
Blue and True 311 Posted October 24, 2012 Share Posted October 24, 2012 and the bank will hand back the 18 million Quote Link to post Share on other sites More sharing options...
Blue and True 311 Posted October 24, 2012 Share Posted October 24, 2012 It's fairly bad for D&P, good cance they would be punished for Griers actions, even if they had no knowledge.im not sureusing the ticketus money to buy the club isnt against the lawthe issue only arises if D&P and or Grier new they had no intension of paying it backNow it seems clear enough they must have but proving it legally wont be that easy Quote Link to post Share on other sites More sharing options...
Straight-Edge-Loyal 6,700 Posted October 24, 2012 Share Posted October 24, 2012 im not sureusing the ticketus money to buy the club isnt against the lawthe issue only arises if D&P and or Grier new they had no intension of paying it backNow it seems clear enough they must have but proving it legally wont be that easySure it depends on the timing of the deal being signed if Whyte didn't own the club then you can't sell assets you don't own. Quote Link to post Share on other sites More sharing options...
two_coats 5 Posted October 24, 2012 Share Posted October 24, 2012 The last thread I wrote had me accused of wing a secret tim, so let's see how the one goes.....Given the recent news about D&P or Grier in particular admitting they knew about the Ticketus deal I can see that the talk has already turned to people discussing the administration being reversed and the sale of the club being challenged.To put it simply, IT WILL NOT HAPPEN!To unwind a complex business transaction such as this, after such a period of investment from our new owners because of an issue like this would be impossible and in no-ones interests.What might happen if it turns out that D&P messed up is that they will find themselves getting sued by the creditors ( in particular Ticketus) and one of their liability funds takes a hit. D&P are a big firm and can take the hit.We are not getting dragged back into this. The media will come out with all sorts of scare stories and start hinting at ridiculous outcomes. They are talking crap.I have never been a bury my head in the sand type. I said administration was inevitable for months enforce it happened and said NewCo was our best option way before talk of liquidation (of the oldco) even began.We are safe in our NewCo, that's the benefit of corporate liability. Our club is safe and Whyte can't touch us.Not even interesting Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,511 Posted October 24, 2012 Author Share Posted October 24, 2012 Not even interestingSo why reply? Quote Link to post Share on other sites More sharing options...
JCDBigBear 10,981 Posted October 24, 2012 Share Posted October 24, 2012 BBC Scotland failed to point out that any such infringement of financial services rules will have no effect on Rangers Football Club. The assets (ie The Rangers Football Club, etc) were sold to Green's consortium. If there were to be any claim for whatever reason, that claim would only affect the old parent company (RFC 2012 Plc), old shareholders, creditors, Duff & Phelps plus any investigatory body brought in by BDO or whoever. Our football club is no longer involved and BBC Scotland DELIBERATELY omitted to say that. Quote Link to post Share on other sites More sharing options...
Mor3los_1 3,672 Posted October 24, 2012 Share Posted October 24, 2012 Anyone that thinks the whole sale of the club etc will be reversed is fucking deluded. Will never happen. Quote Link to post Share on other sites More sharing options...
Sea Bear 285 Posted October 25, 2012 Share Posted October 25, 2012 Believe D&P sought a judgement on the Ticketus claim, it was the advice of that judgement that they didn't add them to the creditors list.Grier a partner in the firm has previously stated that he knew of the Ticketus arrangement but assumed it was the same as they had with DM, so it is now a fight between CW and Grier who's telling the bigger porkies.Lord Hodge demanded papers back in June over the D&P potential conflict of interest inquiry, as that has been quiet and BDO are preparing to move in a problem can't have been seen.However at the end of the day they can all fight it out amongst themselves, just some more delusional ramblings over the sale being over turned, they wanted us dead but here we are, some folks just can't except that.D&P were court appointed, HMRC approved it as they can go after individuals hence no CVA. Quote Link to post Share on other sites More sharing options...
Getstiffed 8,863 Posted October 25, 2012 Share Posted October 25, 2012 Sorry, Green and his brilliant business plan, and his defiance of the SFA and SPL are here to stay.Too bad for some, great for us. Quote Link to post Share on other sites More sharing options...
Blumhoilann 6,715 Posted October 25, 2012 Share Posted October 25, 2012 Whyte bought the Club under pretence,Whyte borrowed money under pretence.....could be some jail time coming up so he's trying to implicate others for company Quote Link to post Share on other sites More sharing options...
harry handsome 629 Posted October 25, 2012 Share Posted October 25, 2012 Okay, so we have travelled down a very bumpy road of late, this cannot be reversed.The only outcome will be that dished out by the regulators and courts should it get that far which I think it will.We will not challenge this unless we ie CG etal are dragged into it.We can only hope our current owners are not embroiled in this. Quote Link to post Share on other sites More sharing options...
We Will Follow Rangers 13,394 Posted October 25, 2012 Share Posted October 25, 2012 the op's work on other boards has been invalulable for fellow bears to make sense of whats happened to our club in the past 9 mths.he aint no dhimm.no comparisons with leeds on this one mate? Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted October 25, 2012 Share Posted October 25, 2012 Quote Link to post Share on other sites More sharing options...
WATP-FOREVER 5,231 Posted October 25, 2012 Share Posted October 25, 2012 The last thread I wrote had me accused of wing a secret tim, so let's see how the one goes.....You canny get secret tims mate - unless you're blind and have lost your sense of smell - they all get found out in the end, even jimmy saville. Quote Link to post Share on other sites More sharing options...
WATP-FOREVER 5,231 Posted October 25, 2012 Share Posted October 25, 2012 Whyte bought the Club under pretence,Whyte borrowed money under pretence.....could be some jail time coming up so he's trying to implicate others for company As bad as it is, I don't think mate that whyte can be charged with purchasing the club with a loan guaranteed via ST sales. As apparently he personally guaranteed that loan. Unless it was a specific clause in the SPA - it was not illegal. As much as it grates me that the smirky cockroach face thought he was clever, and could get everything for nothing, in the end, good prevails.By the way - for evermore, craig whyte will feel like a pelican; because it doesn;t matter where he goes, there will always be a huge bill in front of him. Quote Link to post Share on other sites More sharing options...
WillWard 6 Posted October 25, 2012 Share Posted October 25, 2012 The last thread I wrote had me accused of wing a secret tim, so let's see how the one goes.....Given the recent news about D&P or Grier in particular admitting they knew about the Ticketus deal I can see that the talk has already turned to people discussing the administration being reversed and the sale of the club being challenged.To put it simply, IT WILL NOT HAPPEN!To unwind a complex business transaction such as this, after such a period of investment from our new owners because of an issue like this would be impossible and in no-ones interests.What might happen if it turns out that D&P messed up is that they will find themselves getting sued by the creditors ( in particular Ticketus) and one of their liability funds takes a hit. D&P are a big firm and can take the hit.We are not getting dragged back into this. The media will come out with all sorts of scare stories and start hinting at ridiculous outcomes. They are talking crap.I have never been a bury my head in the sand type. I said administration was inevitable for months enforce it happened and said NewCo was our best option way before talk of liquidation (of the oldco) even began.We are safe in our NewCo, that's the benefit of corporate liability. Our club is safe and Whyte can't touch us.In what possible way was Newco our best option? A CVA was our best option. To suggest otherwise is just mind bottling Quote Link to post Share on other sites More sharing options...
WaltersGotStyle 178 Posted October 25, 2012 Share Posted October 25, 2012 In what possible way was Newco our best option? A CVA was our best option. To suggest otherwise is just mind bottlingI think in a business sense Newco was the best option as you are not liable for further action taken. Quote Link to post Share on other sites More sharing options...
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