The Official Glasgow Rangers Thread

The Official Glasgow Rangers Thread

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Terzo123

4,302 posts

207 months

Wednesday 31st October 2012
quotequote all
simoid said:
What is a football club?
You can't answer my question can you

simoid

19,772 posts

157 months

Wednesday 31st October 2012
quotequote all
Terzo123 said:
simoid said:
What is a football club?
You can't answer my question can you
What's the question?

Did Charles Green buy Rangers?

I'll require a definition of "football club" before I can answer that.

A football club, for me, is the stadium, players, fans, badge, songs, community, etc, which all appear to still be attached to a single entity which is in the 3rd division at present.

Terzo123

4,302 posts

207 months

Wednesday 31st October 2012
quotequote all
simoid said:
I appreciate the sentiment, but what is a football club?
As for your question

A football club is an organised or incorporated body.

A certain incorporated club is being liquidated.

Valentines day - Administration
Halloween - Liquidation
I'm really looking forward to Christmas



simoid

19,772 posts

157 months

Wednesday 31st October 2012
quotequote all
Terzo123 said:
simoid said:
I appreciate the sentiment, but what is a football club?
A football club is an organised or incorporated body.

A certain incorporated club is being liquidated.


See my edit.

A certain company, which was a previous business vehicle for a football club, is being liquidated.

Terzo123

4,302 posts

207 months

Wednesday 31st October 2012
quotequote all
simoid said:
See my edit.

A certain company, which was a previous business vehicle for a football club, is being liquidated.
Nonsense

It was a club,it had accounts, board members, a chairman. It was an incorporated body. It has now been liquidated. It's not a mythical, fanciful magical bond between people.





simoid

19,772 posts

157 months

Wednesday 31st October 2012
quotequote all
Terzo123 said:
simoid said:
See my edit.

A certain company, which was a previous business vehicle for a football club, is being liquidated.
Nonsense

It was a club,it had accounts, board members, a chairman. It was an incorporated body. It has now been liquidated. It's not a mythical, fanciful magical bond between people.



So a new company, with new accounts and board means the "old club" disappears?

Terzo123

4,302 posts

207 months

Wednesday 31st October 2012
quotequote all
simoid said:
So a new company, with new accounts and board means the "old club" disappears?
Pretty much, once all the legal wrangling over debts and money owed and to whom is sorted.

Terzo123

4,302 posts

207 months

Wednesday 31st October 2012
quotequote all
simoid said:
So a new company, with new accounts and board means the "old club" disappears?
And don't even go down the pacific shelf rubbish

simoid

19,772 posts

157 months

Wednesday 31st October 2012
quotequote all
Terzo123 said:
simoid said:
So a new company, with new accounts and board means the "old club" disappears?
Pretty much, once all the legal wrangling over debts and money owed and to whom is sorted.
Cool, cool.

I thought I'd have a wee google and see if I could find any other examples of football clubs being transferred between business holdings, so I googled:

"was then created as a new company and registered with company house"

I've gone to the trouble for you:

Let Me Google That For You

JuniorD

8,613 posts

222 months

Wednesday 31st October 2012
quotequote all
I was about to suggest that the good will in a club is tangible and transferable but then I remembered Rangers probably don't have any good will hehe

Terzo123

4,302 posts

207 months

Wednesday 31st October 2012
quotequote all
simoid said:
Cool, cool.

I thought I'd have a wee google and see if I could find any other examples of football clubs being transferred between business holdings, so I googled:

"was then created as a new company and registered with company house"

I've gone to the trouble for you:

Let Me Google That For You
You must have missed my post about Pacific Shelf nonsense. How did i know you were going to come up with that pish. lol

Rangers did something very similar a few years back when Murray had a share issue. Perfectly legal and provides continuity.

Your lmgtfy links are laughable by the way, facebook, some crappy forum and a wiki page, hardly credible sources.

Unluckily for you liquidation does not provide continuity. It provides the end.

simoid

19,772 posts

157 months

Wednesday 31st October 2012
quotequote all
Terzo123 said:
simoid said:
Cool, cool.

I thought I'd have a wee google and see if I could find any other examples of football clubs being transferred between business holdings, so I googled:

"was then created as a new company and registered with company house"

I've gone to the trouble for you:

Let Me Google That For You
You must have missed my post about Pacific Shelf nonsense. How did i know you were going to come up with that pish. lol

Rangers did something very similar a few years back when Murray had a share issue. Perfectly legal and provides continuity.

Your lmgtfy links are laughable by the way, facebook, some crappy forum and a wiki page, hardly credible sources.

Unluckily for you liquidation does not provide continuity. It provides the end.
I'm just going with what you told me.

New holding company, chairman, board = new club.

You told me that, are you now denying this? confused

simoid

19,772 posts

157 months

Wednesday 31st October 2012
quotequote all
The LMGTFY link was engineered so it would come up with the Celtic Wikipedia page to illustrate a point...

Is it not accurate to say Celtic "was then created as a new company and registered with company house"?

Terzo123

4,302 posts

207 months

Wednesday 31st October 2012
quotequote all
simoid said:
I'm just going with what you told me.

New holding company, chairman, board = new club.

You told me that, are you now denying this? confused
lol FFS


Rangers were in Administration
To recoup money for creditors assets are sold of. Greenie buys them
Sets up new company - Sevco
Calls Sevco "The Rangers" or some other pish
Fans decide to support this new company (Club)which because it is new and doesn't have the required accounts has to start in Div 3
Today, Rangers that were in administration, are now in liquidation.
Sevco or whatever their real name is lost 3 nil tonight.

laugh


ninja-lewis

4,222 posts

189 months

Wednesday 31st October 2012
quotequote all
Terzo123 said:
Fans decide to support this new company (Club)which because it is new and doesn't have the required accounts has to start in Div 3
Correction: the rules state that 3 years accounts are required to be a member of the SFA and therefore of the SFL, not just the SPL and UEFA. Had they been applied correctly, The Rangers would be an Amateur, Junior or Welfare club.

simoid

19,772 posts

157 months

Wednesday 31st October 2012
quotequote all
Terzo123 said:
simoid said:
I'm just going with what you told me.

New holding company, chairman, board = new club.

You told me that, are you now denying this? confused
lol FFS


Rangers were in Administration
To recoup money for creditors assets are sold of. Greenie buys them
Sets up new company - Sevco
Calls Sevco "The Rangers" or some other pish
Fans decide to support this new company (Club)which because it is new and doesn't have the required accounts has to start in Div 3
Today, Rangers that were in administration, are now in liquidation.
Sevco or whatever their real name is lost 3 nil tonight.

laugh
Please educate me here, when did Rangers disappear?

Old Company were put in administration?
Assets of old company were purchased?
New company were renamed?
Old holding company were liquidated?

Terzo123

4,302 posts

207 months

Wednesday 31st October 2012
quotequote all
Rangers formed in 1872 and have been a limited company since 1899, it has held company number SC004276 ever since it was formed

Celtic have had a football club since 1887 and it has been a limited company since 1897, it has held company number SC003487 ever since it was formed.

Celtic's name changed from the old Private Limited Company, the Celtic Football and Athletic Company ltd, to the new Public Limited Company, Celtic PLC, in 1994. Celtic PLC still have company number SC003487, just like the club did back in 1897.

Celtic also bought the now-unused "The Celtic Football And Athletic Company" name in 1994 and attached to a company Fergus McCann started for the purpose of ensuring nobody else could use it (Pacific Shelf). That company is still owned by Celtic PLC today.

Rangers (company number SC004276) ended today.

Terzo123

4,302 posts

207 months

Wednesday 31st October 2012
quotequote all
ninja-lewis said:
Correction: the rules state that 3 years accounts are required to be a member of the SFA and therefore of the SFL, not just the SPL and UEFA. Had they been applied correctly, The Rangers would be an Amateur, Junior or Welfare club.
That is correct

Rules were bent to allow them in.

simoid

19,772 posts

157 months

Wednesday 31st October 2012
quotequote all
So a football club is a company number?

Terzo123

4,302 posts

207 months

Wednesday 31st October 2012
quotequote all
simoid said:
So a football club is a company number?
Dear god

I get it, you'll never admit it.

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