thedandydons

Hmrc don't say your the same club or they would be chasing u for cash.

Its interesting that you bring up other clubs. I can think of two that both suffered similar fates to Rangers although there will undoubtedly be others. First example Airdrieonians who when they were liquidated had to reform as Airdrie Utd. They were a new club who were formed from the embers of the old club. This happened mainly because the new owners if I remember correctly could not afford to buy the name Airdrieonians off the creditors. So a new club albeit one that had a connection to the old one same fans etc was formed. Second example is Fiorentina who went bust in 2002 and came back as Associazione Calcio Fiorentina e Florentia Viola later incorporated into AFC Fiorentina after they bought back the rights to use the name Fiorentina. Notice the could not call themselves Fiorentina out right as this company went bust. In both cases am sure their fans see themselves as the same club although legally it is a new company. Now the only difference in Rangers case is because Green and Whyte appear to have had control of the liquidation process they have been able to transfer the name, strip, stadium etc to a new entity in the close season. This has prevented the problems that both Fiorentina and Airdrie faced and helped create the illusion that it was the same club the whole time. If this hadn't happened Scottish football would have had a year or two without a club at Ibrox while the whole process was sorted. So in short I have no problem with Rangers fans claiming same club etc but legally the club/company are both new entities. You should also probably look at erecting a statue of Green outside Ibrox for saving you. Appologies for the bold I don't know what happened.

Thanks I thought I might have missed it. Strange that they haven't announced it today. Do u think they have just forgot?

Did I miss the result of the egm today?

To me this is the only way king can get out of it but he has to be able to prove it. I don't know if anyone actually approached the board with proof of funds and written documents I know king said he did in the papers and so did Kennedy but how far did this go and were they tied to them taking over the company. If that was the deal Kennedy or king put forward I think the board would have been within their rights to turn it down.

Think kings plan has been to bluster and bully his way through this. Unfortunately he has met a bigger bully who has a lot more resources and clout. Don't see how he is gonna get the club out of this mess.

Don't understand the loan thing at all surely between king and 3 bears they could loan the money to company to pay it off. They would then have control of the assets and 51% of retail which they could secure a further loan against of say 20 mill whilst they wait for the share issue to be done. Then since they love the club and wanted to give them the money they could change the loans into shares. Job done. The only issue I can see is they don't have 5 million.

Anyone else think that Paul Murray is getting lined as the fall guy to crash the company.

This attempt to ban the word h** by Rangers fans must be a new low for them. Now I must confess am not fully up to date with the Celtic song book and am sure there will be lots of songs you can object to. However I am not aware of any songs that use the word h** in a sectarian way. For example up to their knees in a h** blood. As others have pointed out if h** is a term to refer to Protestants then it could be used to describe fans of most clubs. I am Protestant and support Aberdeen but have never been called this. What next should Aberdeen fans object to be called sheep sh**gers? If Rangers fans want to have a go at Celtic surely they could concentrate on their terrorist glorification songs that some of their fans sing. If they can get them banned they would be doing everyone a favour.

Continuity and business law are two separate things. If u are saying that continuity is that the team still plays in blue, plays at ibrox, has the same crest and calls itself Rangers then I think most people could accept that. I don't think anyone could dispute that. If u are saying that it is the same club/business that started in 1872 then this clearly nonsense. That club died when u were liquidated just like airdrie. This idea that the club is a separate entity is just stupid if this was case as others have pointed out you would have had no reason to reapply to join the league.