This whole idea of syphoning off the assets and leaving the toxic debts behind just feels wrong. It's like me watching out for a local business, let's say the RBS, and then offering to buy them, debts and all, for a fiver. I then set up RBS 2012, move all the assets over and tell the original creditors to get tae. Why are none of Rangers creditors (HMRC, Ticketus, United) objecting to this asset stripping?
It just doesn't sound legal.