Imran and Green Own OldCo?

[OlegKuznetsov 10,816]

You've gone silent, mitre.

Have you given up on this line of negativity, then?

[dougied123 222]

More bullshit

[mitre_mouldmaster 21,509]

You've gone silent, mitre.

Have you given up on this line of negativity, then?

Not being negative mate, just find it weird that according to the document (which may or may not be real), whyte handed over his shares allowing the name change to happen.

If the administrators changed the name without Whytes permission, then obviously this suggests that the document from CF is a fake.

If the document is genuine however, could Whyte have had an ounce of decency and allowed the name to be changed?

[OlegKuznetsov 10,816]

Not being negative mate, just find it weird that according to the document (which may or may not be real), whyte handed over his shares allowing the name change to happen.

If the administrators changed the name without Whytes permission, then obviously this suggests that the document from CF is a fake.

If the document is genuine however, could Whyte have had an ounce of decency and allowed the name to be changed?

If there is such a letter, then Whyte would have agreed under the deal with Green in which the latter allegedly "duped" the former.

[mitre_mouldmaster 21,509]

If there is such a letter, then Whyte would have agreed under the deal with Green in which the latter allegedly "duped" the former.

Not according to the supposed letter from Green to the SFA.

It might just be that the letter is a fake, but its one hell of a fake if that is the case.

You might not want to, and I will respect your decision, but you can type Charlotte fakeover into google and go onto the twitter page and read the letter for yourself. Might make more sense than me trying to explain it.

The claim from Green (if true) is that they had to go back to Whyte after they had cut all strings with him, and talk him into handing over the shares to allow the renaming to happen.

Might be bullshit, but the letter does seem feasible.

[mitre_mouldmaster 21,509]

Actually, is there anyway to find out who holds the majority share in a company in admin?

Might be a quick way of answering the question.

[jonbryce 63]

Just reading the latest letter leaked from Ibrox. No idea how they are being leaked, but it does appear to be genuine.

Nothing too surprising or worrying in it to be honest, but one thing did stand out.

Imran Ahmed was tasked with obtaining the shares in the oldco from Whyte. This was achieved and was what allowed the renaming of Sevco Scotland to Rangers.

It was done with Whyte's approval but Imran and Green said it was done 'without making any form of legal commitment in relation to renumeration or compensation for the shares.'

What is even more strange is that he handed over the shares after Green and Ahmed had basically told him they conned him.

How the hell did they persuade him to hand them over? Seems a bit odd!

He bought oldco from Whyte for £2, so Whyte made a £1 profit out of it. That was reported at the time.

[OlegKuznetsov 10,816]

What is the supposed date of this letter?

[mitre_mouldmaster 21,509]

What is the supposed date of this letter?

19th Apr 2013 on the letter from Green to the SFA.

[jonbryce 63]

You've just explained to yourself why the timeline is wrong.

The Administrator had the right to sell the assets without Whyte's consent, which you appear to agree with. Why would the Administrator be able to do that, then, at a later date, have to get Whyte's agreement to the name change?

Why didn't the assets require consent, yet the name change did?

Simple logic mate. It doesn't add up for you.

If you recall, there was a shareholders' meeting to approve the name change.

[mitre_mouldmaster 21,509]

He bought oldco from Whyte for £2, so Whyte made a £1 profit out of it. That was reported at the time.

Think he offered to buy it for £2 but it never went through. Shares were not needed to buy the club as it was a business and assets transfer.

This share thing is only about getting the name of the company. Although Oleg might be right, the admins might have been able to sell this. Can't find the specific rule on the net, only forum that has the answer you need to pay to join.

[OlegKuznetsov 10,816]

If you recall, there was a shareholders' meeting to approve the name change.

Do you know the date of this meeting and as to which shareholders were present or had the right to be so?

[OlegKuznetsov 10,816]

19th Apr 2013 on the letter from Green to the SFA.

So this would be part of the deal prior to CVA rejection as expected and therefore uncontroversial. Nothing to see here. Let's move on.

[mitre_mouldmaster 21,509]

So this would be part of the deal prior to CVA rejection as expected and therefore uncontroversial. Nothing to see here. Let's move on.

2013 mate.

It's the letter from green about his dealings with whyte from a few months back.

[jonbryce 63]

Do you know the date of this meeting and as to which shareholders were present or had the right to be so?

31st July. Both oldco and newco had meetings on the same day, and the respective shareholders of each company were entitled to attend their meetings

http://scotslawthoughts.wordpress.com/2012/07/05/rangers-football-club-plc-to-become-RFC-2012-plc-sevco-scotland-ltd-will-be-rangers-football-club-ltd/

[JCDBigBear 10,851]

Just reading the latest letter leaked from Ibrox. No idea how they are being leaked, but it does appear to be genuine.

Nothing too surprising or worrying in it to be honest, but one thing did stand out.

Imran Ahmed was tasked with obtaining the shares in the oldco from Whyte. This was achieved and was what allowed the renaming of Sevco Scotland to Rangers.

It was done with Whyte's approval but Imran and Green said it was done 'without making any form of legal commitment in relation to renumeration or compensation for the shares.'

What is even more strange is that he handed over the shares after Green and Ahmed had basically told him they conned him.

How the hell did they persuade him to hand them over? Seems a bit odd!

The above did not happen!

When the CVA failed the old shares were not needed and neither was Sevco 5088 Ltd

The football club and other assets were sold to Sevco Scotland Limited (not Sevco 5088) by D & P.

[mitre_mouldmaster 21,509]

The above did not happen!

When the CVA failed the old shares were not needed and neither was Sevco 5088 Ltd

The football club and other assets were sold to Sevco Scotland Limited (not Sevco 5088) by D & P.

I'm not talking about the sale of the club or sevco 5088. I'm talking about the renaming of the oldco to allow the newco to be called 'the rangers football club ltd'.

[JCDBigBear 10,851]

Do you know the date of this meeting and as to which shareholders were present or had the right to be so?

I was at the meeting chaired by Malcolm Murray. It was simply to agree the name change Rangers Football Club Plc to change to RFC 2012 Plc. The oldco is now RFC 2012 Plc in the throes of liquidation with BDO.

[mitre_mouldmaster 21,509]

I was at the meeting chaired by Malcolm Murray. It was simply to agree the name change Rangers Football Club Plc to change to RFC 2012 Plc. The oldco is now RFC 2012 Plc in the throes of liquidation with BDO.

Why was MM chairing a meeting about a company owned by Whyte?

Was it the meeting about SevCo Scotland being renamed to the rangers football club ltd? I could see why MM would chair that.

[mitre_mouldmaster 21,509]

http://www.gersnetonline.co.uk/vb/showthread.php?45120-Shareholder-info-Rangers-FC-plc-to-be-renamed

Just spotted this thread from back at the time.

It backs up the idea that the oldco name change was agreed by the 'major shareholder' rather than forced through by the admins.

[JCDBigBear 10,851]

I'm not talking about the sale of the club or sevco 5088. I'm talking about the renaming of the oldco to allow the newco to be called 'the rangers football club ltd'.

I was at that meeting and voted for the change along with everyone else present.

[mitre_mouldmaster 21,509]

I was at that meeting and voted for the change along with everyone else present.

So the shareholders voted to change the name of the oldco?

So that fits with the OP.

[mitre_mouldmaster 21,509]

http://taboard.com/forum/index.php?showtopic=138785

The above confirms that the major shareholder of the oldco did indeed vote in favour.

So either Whyte did us one good act, or somehow Green and Ahmed got him to hand over the shares.

[JM1872 3,772]

Not sure if this has been covered, but as far as I'm aware there was a vote between individuals, not sure who, for the old company's name to be changed to RFC 2012 plc following the defeat of the CVA bid in which Sevco Scotland Limited could be renamed as The Rangers Football Club ltd.

I also think that Whyte and Ahmad etc. only had an agreement to transfer the shares should the CVA go through - they were not required after the CVA failed.

Then again, remember D&P kept saying Whyte was an irrelevance? Oldco is totally worthless, so it doesn't really matter who owns it.

[mitre_mouldmaster 21,509]

Not sure if this has been covered, but as far as I'm aware there was a vote between individuals, not sure who, for the old company's name to be changed to RFC 2012 plc following the defeat of the CVA bid in which Sevco Scotland Limited could be renamed as The Rangers Football Club ltd.

I also think that Whyte and Ahmad etc. only had an agreement to transfer the shares should the CVA go through - they were not required after the CVA failed.

Then again, remember D&P kept saying Whyte was an irrelevance? Oldco is totally worthless, so it doesn't really matter who owns it.

Yea sounds about right. Would have been the oldco shareholders that voted.

The one thing that this was required for was to allow the renaming of sevco to rangers. That is the company name obviously.