Some gentle bedtime reading for Timothy and Diddothy

[Tain_Ted]

Sleep Well :)

New Company – Same Club


1. Rangers PLC went into administration
2. Creditors reject CVA at 8.5p in the A£
3. Sevco Scotlland bought the assets of Rangers PLC for 5.5p in A£ and transfer them to a newco
4. SFA agreed Rangers transfer of membership from oldco to newco
5. Rangers accept transfer embargo and honour football debts while other creditors not paid in full
6. Rangers were demoted to SFL 3
7. As a result of going newco UEFA banned the club for 3 seasons for failure to file unbroken accounts and a change to the clubs legal form and/or corporate structure.


Timeline of Administration, Sale of club and assets and ongoing Liquidation of oldco PLC.

14th February 2012 - Administration of oldco begins February 2012 with Duff and Phelps.
12th June 2012 - CVA is rejected and Rangers FC (club) is sold out of Administration as an asset of Oldco to a Newco called Sevco Scotland. Company owns club and can now legally change its to trade on behalf of Rangers Football

[Tain_Ted]

SFA Statement/Tom English paraphrasing - http://www.scotsman.com/scotland-on-...them-1-2734842

a??Last August, Michele Centenaro of the ECA contacted the SFA and asked for an appraisal of the Rangers situation and whether they could be deemed the same Rangers as before or a new company unworthy of acknowledgment from the ECA. The SFAa??s response was unambiguous. Different corporate entity but same Rangers, same history, same honours accrued over 140 years."


London Stock Exchange - http://www.londonstockexchange.com/e...l?issueId=8816

Rangers International Football Club plc

Description of business:

Rangers International Football Club plc following admission will own and operate The Rangers Football Club Limited. Rangers Football Club, based in Scotland, has become one of the world's most successful clubs, having won 54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners' Cup in 1972. Playing at the 50,987 seater Ibrox Stadium, Scotland, and benefitting f

[Archiebaird]

Bedtime?

It's twenty to nine ya auld mannie. >:)

[Hairdrier]

Nice essay taint(i)t. However, Rangers will be back in admin faster than you can say 'fat ally ate my paycheque'.

>:)

[manofsteel]

Deid deid deid deid deid deid deid deid deid deid deid deid deid deid deid deid deid, :D

[noahrab]

Has this company won any trophies?

[swaddon]

That must have taken ages to type.

[bluek]

But, how? >:( B)

[Archiebaird]

It would certainly send you to sleep.

[aintnosurf]

That must have taken ages to type.

Never read it :/

[AGulfInClass]

http://i43.tinypic.com/2hxbx3a.jpg

http://i40.tinypic.com/rvaope.jpg

http://i39.tinypic.com/1492hyu.jpg

http://i40.tinypic.com/119xqb7.jpg

http://i41.tinypic.com/34fnr76.jpg

http://i41.tinypic.com/2qjg6tt.jpg

http://i42.tinypic.com/2eyf8xw.jpg

http://i41.tinypic.com/13z1ffc.jpg

http://i43.tinypic.com/2hfoqw0.jpg

http://i43.tinypic.com/166k8p4.jpg

http://i41.tinypic.com/fbamau.jpg

http://i42.tinypic.com/2z69oa0.jpg

[RedStarTorphins]

Rangers died.

Shut the f*ck up you boring h*n b@stard :zzz:

"You're Not Rangers Anymore"...XD

The End

[AGulfInClass]

Nice essay taint(i)t. However, Rangers will be back in admin faster than you can say 'fat ally ate my paycheque'.

>:)

They won't be 'back' in administration. The looming administration for The Rangers will be the first in the club's 18 month or so history.

[Archiebaird]

Not going to plan for the OP :)

[Airdrieman]

Dear me, still tryig far too hard to convince ...eh, themselves? :s


Don't remember all this hoo ha and tears when Airdrieonians were liquidated. :O

[DannyBhoy]

Bedtime?

It's twenty to nine ya auld mannie. >:)

I don't think he's old, judging by his posts he's probably about 13.

[arab777]

Cant believe a bun is bragging about such an embarrassment as this

"CVA is rejected and Rangers FC (club) is sold out of Administration as an asset of Oldco to a Newco called Sevco Scotland"

[Sir_Walter_Timslayer]

Dear me, still tryig far too hard to convince ...eh, themselves? :s


Don't remember all this hoo ha and tears when Airdrieonians were liquidated. :O

They're obviously not as obsessed with Airdbank as they are with Rangers.

[Airdrieman]

Dear me, still tryig far too hard to convince ...eh, themselves? :s


Don't remember all this hoo ha and tears when Airdrieonians were liquidated. :O

They're obviously not as obsessed with Airdbank as they are with Rangers.[/quote]

Airdbank, thats funny. XD

You obviously know nothing about what I'm refering, I wouldn't expect you to. :s

[tartanscone1314]

The Tims sworded again XD XD XD



WATP and GSTQ




:star: :star: :star: :star: :star: +7

[chaz]

Who cares about dodo f. c

[tartanscone1314]

Yer as thick as a Dodo :D


:star: :star: :star: :star: :star: +7

[SRYB]

"You're no rangers any more"
"Lets all laugh at Sevco"

Deid.

[Airdrieman]

Dodo's are an extinct species and so no scientific examinations have been made to clarify the intelligence levels of said bird. Though some have speculated they had the intellect of a dolphin, making them equal to Motherwell fans.

[Taintedice]

Bedtime?

It's twenty to nine ya auld mannie. >:)I think about sleep every time I see a post from stained_fingernails_ted.

[super_ally_rfc]

http://i43.tinypic.com/2hxbx3a.jpg

http://i40.tinypic.com/rvaope.jpg

http://i39.tinypic.com/1492hyu.jpg

http://i40.tinypic.com/119xqb7.jpg

http://i41.tinypic.com/34fnr76.jpg

http://i41.tinypic.com/2qjg6tt.jpg

http://i42.tinypic.com/2eyf8xw.jpg

http://i41.tinypic.com/13z1ffc.jpg

http://i43.tinypic.com/2hfoqw0.jpg

http://i43.tinypic.com/166k8p4.jpg

http://i41.tinypic.com/fbamau.jpg

http://i42.tinypic.com/2z69oa0.jpg

the usual pish from you, two year old articles from various media sources who have all since changed their minds, a duff and phelps letter which makes no mention of the club being new added to that they have stated numerous times we are the same club, a walter smith statement from two years ago when he has since stated numerous times since then we are the same club and the agre

[Taintedice]

The conditional membership was the one used to create the SFA membership Sevco were given, as confirmed by the SFA. ally, don't disappear from threads where you've been ripped apart just to reappear again as if nothing happened.

Bit like The Rangers 2012, really.

The so-called 5-way agreement only highlights the pro-bun corruption in the game in Scotland, why would you want to rely on that.

[happytim]

the newco bought the goodwill of the club.

how is this done, never heard goodwill being bought and sold, amazing how a lot of things thats happened since 2012 havent been done before.

think i,ll go to asda tomorrow and buy a jar of goodwill. and a couple of cans of history.

another point, rangers didnt have 4 years of signed accounts, the reason it states is that membership was transfered, surely membership should have been terminated as they didnt have the accounts ready. just as in uefas rules where newclubs have to have 3 years accounts.

rangers were an unqualified club who should not have been given membership, the company didnt file the correct accounts yet rangers were allowed a membership, despite another membership already existing alongside it.

[super_ally_rfc]

The conditional membership was the one used to create the SFA membership Sevco were given, as confirmed by the SFA. ally, don't disappear from threads where you've been ripped apart just to reappear again as if nothing happened.

Bit like The Rangers 2012, really.

The so-called 5-way agreement only highlights the pro-bun corruption in the game in Scotland, why would you want to rely on that.

the conditional membership was the original membership we had with conditions attached hence the conditional membership, once the conditions were met the membership was fully transferred over - it wasnt two memerships only one

as for your corruption pish, you have zero evidence and only come out with the corruption stuff as the every organisation in scotland state you are wrong along with all the other who have commented on it

[super_ally_rfc]

the newco bought the goodwill of the club.

how is this done, never heard goodwill being bought and sold, amazing how a lot of things thats happened since 2012 havent been done before.

think i,ll go to asda tomorrow and buy a jar of goodwill. and a couple of cans of history.

another point, rangers didnt have 4 years of signed accounts, the reason it states is that membership was transfered, surely membership should have been terminated as they didnt have the accounts ready. just as in uefas rules where newclubs have to have 3 years accounts.

rangers were an unqualified club who should not have been given membership, the company didnt file the correct accounts yet rangers were allowed a membership, despite another membership already existing alongside it.

clubs who are already members didnt need four years of accounts, the conditional membership is the same membership we have always had but with conditions attached which we met,

[gudge1903]

the new rangers franchise are a hoot.