http://scotlandonsunday.scotsman.com/football/Sale-of-Rangers-FC-39will.6650410.jp

 

Quote

Sale of Rangers FC 'will go ahead by mid-January'

 

Published Date: 05 December 2010

By Tom English

 

A DEAL to sell Rangers Football Club to Scots venture capitalist Craig Whyte will go though by the middle of January, according to senior sources at the club.

Whyte, 39, met with Ibrox chairman Alastair Johnston in Glasgow to discuss the purchase of Sir David Murray's shareholding in the club.

 

The proposed £33 million deal will wipe out the existing debt that has stymied Rangers in the transfer market for two years.

 

Yesterday, sources at Rangers said the deal, barring any late hitches, could be completed before Christmas but it is more likely that it will be done by the middle of January. "We can't say with 100 per cent certainty, but Whyte has the money and is very convincing. We think the deal will happen," said the source.

 

Murray has presided over Rangers for 22 years but has been keen to sell his stake for some time.

 

Hopefully the debt thing is not true as that is what is holding them back at the moment.

Sounds like a Yes from Motherwell then.

It's disgusting to think that clubs are even thinking about voting yes. 

Not one single season ticket should be bought until the vote.

4th of July hopefully the day Rangers get independence from the SPL.

4th of July hopefully the day Rangers get independence from the SPL.

 

4ty july is my birthday also!

Speaking to a Livingston fan this morning who claimed that 1st Division clubs have been told to make preperations for Huns being in their league this year. Pish if true.

Speaking to a Livingston fan this morning who claimed that 1st Division clubs have been told to make preperations for Huns being in their league this year. Pish if true.

 

 

Yay, scottish football in a joke shocker. Complete farce if true.

Speaking to a Livingston fan this morning who claimed that 1st Division clubs have been told to make preperations for Huns being in their league this year. Pish if true.

 

Not one penny will I spend on Scottish football ever again if true.

Clubs voting yes and the authorities bending over backwards to save them only goes to clarify the fuckwits in charge still see Scottish football as 'the big time' ergo in the same league as Primera, Bundesliga, Premiership, Serie A etc.

 

Meanwhile across the North sea in Denmark, a country with a similar population but since the mid 80s they have managed to produce national teams that have qualified for 11 of the last 15 major international tournaments and actually won one of them.

Since they formed their 'superliga' back in 1991 the have had 7 different champions and it would appear they are not obessesed with pandering to the Big Copehagen two.

They have a pyramid league system with regionalised divisions once you drop down to the 3rd tier and beyond.

 

But no. Rangers and celtic are up there with Barcelona, Bayern Munich, man Utd etc so we must make sure they stay there otherwise we might have to face reality and do our jobs properly

Saw this on facebook.

 

Up Front Sport From Original 106

NEWS: The consortium led by former Rangers manager Walter Smith have confirmed they have withdrawn their bid to buy the club from Charles Green.

Clubs voting yes and the authorities bending over backwards to save them only goes to clarify the fuckwits in charge still see Scottish football as 'the big time' ergo in the same league as Primera, Bundesliga, Premiership, Serie A etc.

 

Meanwhile across the North sea in Denmark, a country with a similar population but since the mid 80s they have managed to produce national teams that have qualified for 11 of the last 15 major international tournaments and actually won one of them.

Since they formed their 'superliga' back in 1991 the have had 7 different champions and it would appear they are not obessesed with pandering to the Big Copehagen two.

They have a pyramid league system with regionalised divisions once you drop down to the 3rd tier and beyond.

 

But no. Rangers and celtic are up there with Barcelona, Bayern Munich, man Utd etc so we must make sure they stay there otherwise we might have to face reality and do our jobs properly

 

Good post 

Clubs voting yes and the authorities bending over backwards to save them only goes to clarify the fuckwits in charge still see Scottish football as 'the big time' ergo in the same league as Primera, Bundesliga, Premiership, Serie A etc.

 

Meanwhile across the North sea in Denmark, a country with a similar population but since the mid 80s they have managed to produce national teams that have qualified for 11 of the last 15 major international tournaments and actually won one of them.

Since they formed their 'superliga' back in 1991 the have had 7 different champions and it would appear they are not obessesed with pandering to the Big Copehagen two.

They have a pyramid league system with regionalised divisions once you drop down to the 3rd tier and beyond.

 

But no. Rangers and celtic are up there with Barcelona, Bayern Munich, man Utd etc so we must make sure they stay there otherwise we might have to face reality and do our jobs properly

 

 

Have a wee +1

Saw this on facebook.

 

Up Front Sport From Original 106

NEWS: The consortium led by former Rangers manager Walter Smith have confirmed they have withdrawn their bid to buy the club from Charles Green.

 

In other words, they've walked away.

With the lack of support for Green from the sponsers and the fans maybe the newco will end up in administration and then there will be o way they can get a yes vote.

With the lack of support for Green from the sponsers and the fans maybe the newco will end up in administration and then there will be o way they can get a yes vote.

 

What sponsors?

Apparently Smiths lawyer has to C4/ITN that there has been a massive fraud and HMRC will  be taking action so that is why they are dropping the bid to Green.

What sponsors?

 

I read that at least 1 company had pulled out of sponsoring Rangers cause they were supporting the Walter Smith bid. Can't remember who but they we involved with the Oldco for 35 years it said.

This must be the nuclear story then?

 

https://twitter.com/#!/alextomo

 

Lawyer connected to fmr Rangers manager tells #c4news "there's a massive fraud in Rangers waiting to come out"

 

Says "now HMRC have gloves off under liquidation, they'll go after Whyte and Murray and more."

BBC Scotland has learned that Charles Green's Sevco 5088 company is not currently permitted to inherit the name "The Rangers Football Club".

 

Any attempt to adopt the name "The Rangers Football Club" would require the approval of the liquidators, BDO.

 

Companies House has said that a name change application has not been made by Sevco 5088, and may not be possible.

 

The consortium insists the full name will be transferred over to Sevco 5088 in due course.

 

"The Rangers Football Club P.L.C.", which has the registered company number SC004276, has not yet been dissolved, but will inevitably be liquidated due to unpaid debts.

 

BBC Scotland can confirm that the company's liquidators, BDO, have not yet taken control of the company's affairs, and may not do so for some time.

 

Green's consortium confirmed to BBC Scotland that a purchase of the assets and intellectual property of The Rangers Football Club P.L.C. has been concluded with the administrators Duff & Phelps, which includes the company name.

 

The consortium insists the full name will be transferred in due course and that a name change is not currently an issue because liquidation of the old company has not yet commenced.

 

However, a Companies House spokesperson told BBC Scotland: "Sevco 5088 would not be able to apply to change its name to 'The Rangers Football Club Ltd' until either the original company is fully dissolved, a process which can take about a year to complete, or the receivers give the go-ahead for the name change to take place.

 

"From a regulations standpoint, once the receivers or the liquidators/administrators for the current PLC agree to a name change, Sevco 5088 could then apply to change its name to 'The Rangers Football Club Ltd'.

 

"If they apply without following this procedure, systems are in place to flag up names which are too similar."

 

Article 10.7 of the Scottish FA's Articles of Association states that the name of a club cannot be changed without board approval, while Article 74.2 states that a club's name cannot be changed to anything linked with sponsorship.

 

The Scottish Premier League has no specific regulations regarding the naming of clubs or their parent companies.

 

Green's newco continues to trade under the name Sevco 5088, which has the company number 08011390, meaning it was registered in England. The sole director listed on the Companies House website is Charles Alexander Green.

 

The 'Sevco' prefix is a generic company name, often used by organisations which register companies on someone else's behalf. Sevco names can be registered in bulk through Companies House and renamed at a later date as long as strict naming criteria are met.

 

Companies House is a government agency run by the department of business and enterprise and deals with the registration and incorporation of UK businesses. All documentation relating to limited companies, including information such as company names, directors, accounts and share allocations, must be processed through the agency.

 

The proposed name for the new Rangers company is 'The Rangers Football Club Ltd'. All UK companies limited by liability via shares or guarantee must end with 'Limited' or 'Ltd.' - only public companies traded on the stock exchange can end in PLC or P.L.C.

 

Shares in Rangers Football Club were suspended from the Plus Stock Exchange on 9 January.

 

Other companies currently registered at Companies House with similar names include: Rangers Limited, Rangers.co.uk Limited, The Rangers FC Group Limited, Rangers Football Club of Glasgow Ltd, Rangers GB Limited and Rangers (2012) Ltd.

 

I actually had a look on the companies house website yesterday, unfortunately Club12 is already registered. ClubTwelve, however, is available.

 

Anyone know where there is a spare stadium that meets SPL criteria?

Yeah under mc donalds at clydebank... oh wait they demolished it

 

 

Broadwood stadium would appear to be up for grabs. North Lanarkshire council were going to kick Clyde out a while back

Could they not refurbish Cathkin Park?

 

They'd have to buy it from the Glasgow City Council first.

 

 

Perhaps they will end up 1/4 a mile away at

 

As "The Ex-rangers Football Club and Bigots Society Ltd"?

So...

 

We have a name and hence some SPL fixtures and also a potential stadium in Glasgow. All we need now is a kit and open trials for any player prepared to change their name by deed poll to Neil Simpson.

 

Anyone know how you go about making an application to transfer, the club formerly known as Rangers, SPL share to a Newco?

 

We should stand as much chance as any other entity pertaining to be the former SPL club known as Rangers in receiving such a transfer.

Ross Hardie [!]8207;@BIZMUNKY

my source informs me that the Rangers fraud will make EBT/Double Contract/HMRC issues look like a minor irritation #Rangers

 

Ross Hardie [!]8207;@BIZMUNKY

some Rangers legends who actually DO do walking away had better run away quickly for HM Prison awaits #Rangers

 

Ross Hardie [!]8207;@BIZMUNKY

@GoldCascade falsified accounts to show loss making. involves a number of high profile "legends", execs and fans