The Mongoose 1,007 Posted February 28, 2013 Share Posted February 28, 2013 The verdict today is well worth celebrating...but the Tims will be even more annoyed when they get someone to read out the full findings....here is a wee extract from the Statement regarding History!History [4] Rangers Football Club was founded in 1872 as an association football club. It was incorporated in 1899 as The Rangers Football Club Limited. In 2000 the company’s name was changed to The Rangers Football Club Plc, and on 31 July 2012 to RFC 2012 Plc. We shall refer to this company as “Oldco”. [5] The SPL was incorporated in 1998. Its share capital consists of sixteen shares of £1 each, of which twelve have been issued. Oldco was one of the founding members of the SPL, and remained a member until 3 August 2012 when the members of the SPL approved the registration of a transfer of its share in the SPL to The Dundee Football Club Limited. Each of the twelve members owns and operates an association football club which plays in the Scottish Premier League (“the League”). The club owned and operated by Oldco played in the League from 1998 until 2012 under the name of Rangers Football Club (“Rangers FC”). Throughout this period, Oldco was also a member of the Scottish Football Association (“the SFA”), the governing body of the sport in Scotland. [6] When the SPL was first formed, a controlling interest in Oldco was held by David (from 2007 Sir David) Murray through the medium of Murray MHL Limited, part of the Murray Group of companies. On 6 May 2011 the controlling shareholding was acquired by Wavetower Limited, a newly incorporated company formed for the purpose of the acquisition, and controlled by Craig Whyte. Oldco experienced financial difficulties, and on 19 March 2012 the Court of Session made an administration order and appointed Paul John Clark and David John Whitehouse, both of Duff & Phelps Limited, as joint administrators, with effect from 14 February 2012 (the date of their original, invalid appointment). Oldco is now in liquidation; a winding up order was made by the Court of Session on 31 October 2012, and Malcolm Cohen 3 and James Stephen, both of the accountancy organisation BDO, were appointed joint interim liquidators.[7] On 14 June 2012 a newly incorporated company, Sevco Scotland Limited, purchased substantially all the business and assets of Oldco, including Rangers FC, by entering into an asset sale and purchase agreement with the joint administrators. The name of Sevco Scotland Limited was subsequently changed to The Rangers Football Club Limited. We shall refer to this company as Newco. Quote Link to post Share on other sites More sharing options...
WCPRANGERS1 2,997 Posted February 28, 2013 Share Posted February 28, 2013 Yet more confirmation of what we all know and they can't accept.Just wondering after reading the ruling I can't quitte understand why we've been fined when no rules were broken Quote Link to post Share on other sites More sharing options...
AljayBoy 2,324 Posted February 28, 2013 Share Posted February 28, 2013 Always knew it of course but good see in black and white. It's a pretty clear explanation too so some of the so called 'fans' of other Scottish clubs could probably understand it.If I can cut that down it might just be a new signature! Quote Link to post Share on other sites More sharing options...
Ricky_ 893 Posted February 28, 2013 Share Posted February 28, 2013 When Leeds liquidated, the media reported it simply as the club being purchased.Similarly with Luton.These clubs had to apply for their FA memberships to trasnfer from the [in liquidation] OldCo's, to their NewCos.They were granted, but at the expense of 15point deductions.How did the media, the BBC in particular, report this? Well it was shrugged off as "a 15 point deduction for not meeting Football League rules on exiting administration".The whole "Newco" "New Club" "Purchased the assets for the new club" was a concentrated, pre-medidated agenda within the media, when they reported almost identical events with great contrast.Nimmo makes it simple, Green purchased Rangers FC. It's fact. It's set in stone - let's move on. Quote Link to post Share on other sites More sharing options...
Bad Robot 21,512 Posted February 28, 2013 Share Posted February 28, 2013 not often im right but said yesterday it would be a fine around 200k due to administration errors and everyone was getting to caught up in the propaganda :-) Quote Link to post Share on other sites More sharing options...
GazTheBear 23 Posted February 28, 2013 Share Posted February 28, 2013 THEN, NOW, FOREVER Quote Link to post Share on other sites More sharing options...
elephants stoned 2,994 Posted February 28, 2013 Share Posted February 28, 2013 Bump for our ghuests Quote Link to post Share on other sites More sharing options...
OlegKuznetsov 10,816 Posted February 28, 2013 Share Posted February 28, 2013 The verdict today is well worth celebrating...but the Tims will be even more annoyed when they get someone to read out the full findings....here is a wee extract from the Statement regarding History!History [4] Rangers Football Club was founded in 1872 as an association football club. It was incorporated in 1899 as The Rangers Football Club Limited. In 2000 the company’s name was changed to The Rangers Football Club Plc, and on 31 July 2012 to RFC 2012 Plc. We shall refer to this company as “Oldco”. [5] The SPL was incorporated in 1998. Its share capital consists of sixteen shares of £1 each, of which twelve have been issued. Oldco was one of the founding members of the SPL, and remained a member until 3 August 2012 when the members of the SPL approved the registration of a transfer of its share in the SPL to The Dundee Football Club Limited. Each of the twelve members owns and operates an association football club which plays in the Scottish Premier League (“the League”). The club owned and operated by Oldco played in the League from 1998 until 2012 under the name of Rangers Football Club (“Rangers FC”). Throughout this period, Oldco was also a member of the Scottish Football Association (“the SFA”), the governing body of the sport in Scotland. [6] When the SPL was first formed, a controlling interest in Oldco was held by David (from 2007 Sir David) Murray through the medium of Murray MHL Limited, part of the Murray Group of companies. On 6 May 2011 the controlling shareholding was acquired by Wavetower Limited, a newly incorporated company formed for the purpose of the acquisition, and controlled by Craig Whyte. Oldco experienced financial difficulties, and on 19 March 2012 the Court of Session made an administration order and appointed Paul John Clark and David John Whitehouse, both of Duff & Phelps Limited, as joint administrators, with effect from 14 February 2012 (the date of their original, invalid appointment). Oldco is now in liquidation; a winding up order was made by the Court of Session on 31 October 2012, and Malcolm Cohen 3 and James Stephen, both of the accountancy organisation BDO, were appointed joint interim liquidators.[7] On 14 June 2012 a newly incorporated company, Sevco Scotland Limited, purchased substantially all the business and assets of Oldco, including Rangers FC, by entering into an asset sale and purchase agreement with the joint administrators. The name of Sevco Scotland Limited was subsequently changed to The Rangers Football Club Limited. We shall refer to this company as Newco. They'll consider this to be propaganda.Oh, the irony. Quote Link to post Share on other sites More sharing options...
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