Well then Mordor,

If he has the goodwill secured then we are laughing!

Rangers default to Whyte with a complete history.

Whats your point?

You're wasting your time HMP.

He's trying to twist what happened at Leeds to fit Rangers even though the situation is completely different.

He just doesn't understand why he's wrong and he never will.

How is it so different Freeze.

Have a look at these points. They all happened with Leeds.

1. Leeds UTD are a NewCo
2. Leeds UTD kept their history.
3. Leeds OldCo went into liquidation
4. Leeds UTD did not pay out on a CVA.
5. HMRC could not block Leeds becoming a NewCo with an intact history.
6. The English football league states in its insolvency policy that a CVA must be agreed to regain league share, unless an exceltion is granted. Scotland has no such rule. We only need to transfer the share over, or apply for a new one.


This one applies to Rangers.

7. Rangers are very unlikely not to be allowed back into at least the 3rd division.

If I am wrong, please point out where and I will proove that I am infact, correct.

^prove.

Before the spelling police get me!

Whats wrong Freeze,

You not got a response? Go on, let us all hear it!

That's Leeds, not Rangers.

Haha,

So you are not disputing the fact Leeds used a pre-pack method to retain their history without the agreement of the creditors using legal options that are available to Rangers right up to the point of liquidation?

Thanks for admitting you were wrong!

Did I ever deny Leeds did that?

No.

Have I pointed out multiple reasons why Rangers wont?

Yes.

You just choose to ignore them and carry on blethering shiite.

What reasons Freeze?

What legal methods can be applied to stop Rangers doing this?

Please provide proof of why Rangers cannot use the same method.

Mitre,

Let me flip this back to you.

Would you be happy to follow a team that racked up millions of debt, then 'walked away' from it, before coming back to claim the same history?

That history will be inextricably linked with ripping businesses and taxpayers off.

Do you not thinkthatvRangersbhave the capacity to pay off their debts over time?

I've given you the reasons mitre, you've chosen to ignore them.

You're extremely tiresome and boring. No one backs up anything you say. No insolvency experts, no business journalists. Not even the Rangers fans on here come to your defence.

Why do you think that is?

Do you honestly think you're that clever and all the rest of the people (the experts, the journalists etc.) are wrong?

The sad thing is you probably do.

Tim,

I would love for Rangers to pay off all their debts and this will always be a blackmark against us.

However, like I have stated, this is no longer about the ethical nature.

This is purely now down to me proving my logic is correct and that Freeze is an idiot as he cannot provide one single piece of legislation to back up his claims.

There may be some strange by-law somewhere that proves me wrong. But if there is then I expect Frosty to be able to link to it.

Mitre-

Whyte has the frikkin' assets. Why do you ignore this point?

Okay then mitre.

Provide me with a link to an expert or experts who agree with you then.

Freeze,

"It said it would aim to buy Rangers' assets to help the club exit administration in the way Leeds United did in 2007. The Yorkshire club's assets were bought and transferred to a new company, but its history was not lost.

It added: "We understand it has been strongly rumoured our group planned to liquidate the club.

"It should be made clear that any party that attempts to acquire the club, eliminate the debts, affect a turnaround, invest monies and put the club back on solid ground is in fact saving the club from liquidation and preserving its past and its future.

"In an asset purchase, all of the good and valuable assets – records, marks, names, trophies, players, staff, history – are preserved and separated from the bad and harmful liabilities –tax bills, bad contracts, creditors –which have put the club into administration and which act to force the entirety into liquidation.

"By putting all of the assets into a

different corporate structure, the assets are in fact rescued from liquidation."

http://www.heraldscotland.com/news/home-news/club-9-were-part-of-larger-rangers-bid.17219858

That sounds like backing me up Freeze. Either you are too ignorant to know about this or you decided to ignore it as it didnt suit your agenda!

And Freeze, you have not provided one bit of proof as to back up your claims. You can keep saying you have if you like. But all you have provided is your own moronic perspective. If you can prove me wrong, link to the piece of legislation which shows Rangers cannot use the same method as Leeds.

Until you do that, you have lost. So give it up.

However, like I have stated, this is no longer about the ethical nature.
................................................................
Your right there mitre,David Murray has the ethics of the mafia,and he sold you lot to Whyte-what an ethical person he is.???

Is this all about Rfc keeping their history?

Liquidated impossible. CVA yes, but an extremely painful, drawn out yes.

Whyte is the secured creditor. Nobody else. If those that hold 75% of the debt value oppose a CVA then your assets are sold and you cease to exist.
Nothing has changed in Scotland since you went into admin.

One, Club 9 Sports are not insolvency experts so you fail on that part.

Two, this is the same Club 9 Sports who pulled out of the bidding?

Do you wonder why? Could it be because they knew they couldn't get away with what you're suggesting?


You're making a complete fool of yourself mitre.

Mordor,

What assets does Whyte have?

If he has security over every asset, then when Rangers get served a winding up order, he regains everything debt free!

Remember, whoever owns the goodwill and trade rights, owns rangers.

So either Whyte gets Rangers and the Stadium etc.

Or Someone else buys Rangers and rents the stadium from Whyte!

Mordor,

I think you mean 25% mate.

You need 75% to grant a CVA, 25% to block one.

But its okay, i know you aint very good on this subject.

Also if you were corrcect, how come Leeds did not get a CVA, but still exist? Surely that would be illegal???

So the only "experts" who back up your claim are Club 9 Sports? The company that were chased out of Tranmere and Sheffield Wednesday.

The company who pulled out of the Rangers bid.

Any other "experts" you can provide us with?

Whyte transferred it all about a fortnight ago. Tax laws change at the end of this week. Craig best get a shifty on.

Mate it's a CVA or liquidation. There is a difference in creditor status. But the fact remains Whyte would have to have formed the pre pack newco by now to stiff the creditors, he hasn't.

some of these sellick fans are pyoor beelin at the thought of Rangers rising like a phoenix from the ashes. Pyoor beelin.

Name me one club that has went into administration that has come out of the other side unscathed and able to compete at the highest level in their league?

Me first!

I'm still waiting for one expert who agrees with mitre.

Rangers have been in administration for two months yet not one expert or journalist or pundit has suggested Rangers should do what Leeds have done.

Does that not strike anyone else as strange?

Over to you mitre.