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Big Rangers Administration/Liquidation Thread - All chat here!


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He has seen the band at least one hundred times has a signed copy of the Silk and Steel album above his fire place and his entire house has this wallpaper...

5-star_album-cover.jpg

He goes to see Five Star rain or shine. If he wasn't such a system addict, he might go watch a different band.

Edited by Joe schmo
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I think it's fair to say, that the definition of this PlasticRangers Club is that they are no more than a brand.

It's universally agreed that at best, their 'club' (stop laughing at the back) has no legal personality. As such, throughout it's history (what did I say about the laughing), it has never signed a player (that's the company), it's never owned a ground (that's the company) etc, etc.

The good news is that you can pick up t'history and 54 and counting for a mere 50p (if you've got big hands).

Still, you've gotta laugh!

aDONis

I'm not an expert in Clubs, like you seem to be, but I think you'll find that no Club of any description whatsoever has a legal personality.

Therefore they cannot "own" anything.

That also includes your Club.

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Club structures
When establishing your club, the members will
need to select the most appropriate form of legal
structure for the organisation so that it can be
formally recognised, open a bank account, enter
into agreements for hiring facilities, and be
accountable to the membership. In this section, we
explore the two main legal structures - an
unincorporated association, and a limited company
- and provide some additional notes about
registering as a charity. This is a complex subjec
t
and we strongly recommend if you are considering
establishing as a Limited Company that you seek

professional advice

You mean clubs have to become companies (or associations)? So everything we've been told about clubs and companies being different is absolute horseshit? I, for one, am shocked.

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Finance genius Kieran Prior says Rangers chairman Dave King should continue legal battle with Mike Ashley's Sports Direct

14:11, 8 Feb 2016

Updated 15:11, 8 Feb 2016

By Record Reporter

PRIOR, a former Goldman Sachs trader believes King should end the joint retail venture.

RANGERS chairman Dave King should carry on with his legal battle with Mike Ashley's Sports Direct, says Ibrox shareholder Kieran Prior.

The former Goldman Sachs trader believes King should end the joint retail venture involving Sports Direct and Rangers Retail in court.

Ashley's gagging order bid on the club – which would block details of the controversial partnership being made public - failed earlier this week.

It is thought that Rangers earn only 4p in the pound on sales in its official stadium store.

In an interview, Prior said that the deal did not represent shareholder value and that the average leading football club made around 30 per cent of its revenue through merchandise.

Rangers have now given notice to end the Sports Direct deal and have indicated that they may challenge details of the existing contract and side agreements.

There is concern over the lengthy notice period that could be involved and fears that Rangers Retail would have to buy stock at higher than its retail value among other issues.

Prior, a childhood Rangers fan, owns around 2.5 per cent of the club and has invested £1million in the last 12 months.

Goldman Sachs? That bunch that intentionally defrauded investors? This sounds like a real ranger man here.

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" Prior has an IQ of 234, although it was once measured as 238 on the Wechsler Adult Intelligence Scale at university. This was so high that they asked him to retake the test a couple of times."

That's almost as smart as Norman thinks he is.....

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.

Prior, a childhood Rangers fan, owns around 2.5 per cent of the club and has invested £1million in the last 12 months.

Interesting.

1. How has he invested £1 million in the last year? AFAIK they haven't issued any shares, so he must have bought existing shares. That hasn't helped the "club".

2. £1 million for 2.5% means he values Rangers at £40 million. Does this "financial genius" know something we don't?

3. Do the bigots know that their "club" is part-owned by someone called Kieran, who doesn't appear to share their religious affiliation?

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Interesting.

1. How has he invested £1 million in the last year? AFAIK they haven't issued any shares, so he must have bought existing shares. That hasn't helped the "club".

2. £1 million for 2.5% means he values Rangers at £40 million. Does this "financial genius" know something we don't?

3. Do the bigots know that their "club" is part-owned by someone called Kieran, who doesn't appear to share their religious affiliation?

but, but, but 5 stars said there was no mechanism for investing :huh::lol:

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I'm not an expert in Clubs, like you seem to be, but I think you'll find that no Club of any description whatsoever has a legal personality.

Therefore they cannot "own" anything.

That also includes your Club.

That's not the case though as the rest of us recognise that our clubs are companies with legal personality.

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Interesting.

1. How has he invested £1 million in the last year? AFAIK they haven't issued any shares, so he must have bought existing shares. That hasn't helped the "club".

2. £1 million for 2.5% means he values Rangers at £40 million. Does this "financial genius" know something we don't?

3. Do the bigots know that their "club" is part-owned by someone called Kieran, who doesn't appear to share their religious affiliation?

You can invest into something without taking ownership. If he gave the club money to pay for a player or players for example then he would see it as investing in the team in the hope that he would see a better return with better results.

Was his 2.5% previously owned or bought with the investment mentioned?

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