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Everything posted by captain kirk
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They've worked out how APR on your credit card is calculated.
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A LEGAL battle with disgraced former Rangers owner Craig Whyte remains a key uncertainty hanging over the Ibrox business.Auditors Deloitte have raised concerns over an "uncertain outcome" of potential litigation, although Rangers have consistently said Whyte's claims are of no merit.The "emphasis of matter" note is contained in the first annual report of Rangers International Football Club plc (RIFC), which revealed operating losses of £14 million.RIFC has spent £600,000 contesting the claim by Whyte and associate, Aiden Earley, who have argued that former chief executive Charles Green was working alongside them in Sevco 5088, the company granted permission to buy the oldco assets by administrators Duff & Phelps, and that they, consequently, are the rightful owners of the club."The ultimate outcome of this matter cannot presently be determined, and accordingly no adjustments have been made to these financial statements as a result of this matter," Deloitte said.Fans already concerned over the financial viability of the club after it emerged RIFC holds just £11m in cash after raising £35m in finance, are concerned that Craig Whyte remains the "spectre hanging over us".Whyte released documents appearing to bear Mr Green's signature, confirming Whyte and his associate, Adrian Earley, as directors of Sevco 5088
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They have deciphered it,,,it was something selling ppi.
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From business insider.... Correction Creditsafe stated in their press release Rangers were “relegated” into the “third tier” of Scottish football.Rangers are in fact playing in the fourth tier of Scottish football, which is the IRN-BRU Third Division.The statement Rangers were relegated is also incorrect. A new company was set up after Rangers Football Club Plc was placed into liquidation in October 2012. The 'newco', trading as The Rangers Football Club Ltd, thereafter listed on the Alternative Investment Market (AIM), trading under the name Rangers International Football Club Plc.The liquidated club, formed in 1872, was placed in administration in February 2012 over non-payment of tax estimated at around £14 million.HM Revenue and Customs then blocked a company voluntary arrangement (CVA) which would have allowed the oldco Rangers to continue trading.Oldco Rangers' administrator Duff & Phelps thereafter sold the assets to a consortium led by Charles Green, then trading under the name Sevco Scotland Ltd, and shareholders in the oldco gave their approval thereafter to change its name to The Rangers Football Club Ltd and the 'oldco' assumed the name RFC 2012.This 'newco' was granted a licence by the Scottish football authorities to re-enter competitive football in Scotland in the third division after the Scottish Premier League clubs voted overwhelmingly against allowing the newco to re-enter top flight Scottish football.