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Big Rangers Administration/Liquidation Thread - All chat here!


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On 10/11/2021 at 11:01, Insaintee said:

Former Rangers chairman Dave King cites "inaccurate" information in the club's most recent accounts, saying a £5m loan was incorrectly attributed to him rather than a business within his family trust structure. (Sun)

This is interesting. of course in SA Dave has no money. so how could he give a loan. And a business in his trust structure. He's supposed to have no control over that.  Nothing to see for Rangers but there is for King. Especially If the interest on the loan was payed to King and not  (checks notes) a business within his family trust structure. 

Also if Rangers accounts are wrong. that's a bit worrying. 

For whom?

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Lord Tyre's opinion in the David Grier v the Lord Advocate and Police Scotland case, published today.

https://www.scotcourts.gov.uk/docs/default-source/cos-general-docs/pdf-docs-for-opinions/2022csoh02.pdf?sfvrsn=d620d954_1

Have a wee search through the document, when referring to Rangers there is no mention of a holding company, they are cited throughout as a "club".

Where did that holding company story originate from, anyone know?

 

 

 

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15 hours ago, Dundee Hibernian said:

Lord Tyre's opinion in the David Grier v the Lord Advocate and Police Scotland case, published today.

https://www.scotcourts.gov.uk/docs/default-source/cos-general-docs/pdf-docs-for-opinions/2022csoh02.pdf?sfvrsn=d620d954_1

Have a wee search through the document, when referring to Rangers there is no mention of a holding company, they are cited throughout as a "club".

Where did that holding company story originate from, anyone know?

 

 

 

https://www.investopedia.com/terms/h/holdingcompany.asp

Not sure of the origins, but the lie was born of necessity.

The myth that only Rangers' holding company died back in 2012 was one of many pathetically amateurish, transparent, but ultimately futile attempts to pretend that a football club didn't die the death of liquidation. If anything, Wavetower, the company that Craig Whyte used to purchase Rangers from David Murray, came closest to fitting the description of Rangers' holding company, but of course it wasn't that entity that entered administration followed by liquidation, nor was it Murray International Metals. That dishonour fell to Rangers Football Club plc (subsequently renamed RFC 2012 in yet another amateurish, transparent and futile attempt to mislead).

Yet many purveyors of fiction still trot out the holding company lie to this day, along with other fabrications such as relegation to the 4th tier. 

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