I was sent this tonight, and I smiled.
You can read the entire report here.
BDO is the liquidator appointed to wind up the original Ibrox club.
When the CVA was rejected in June 2012, that was the end for the club John Greig played for.
That front page in the Herald from the time is accurate.
Death is like that.
It’s somewhat final.
That left a lot of people of the Ibrox persuasion distraught.
It was a case study of the efficacy of the Kübler-Ross model of bereavement and loss.
That opened the door for some unscrupulous types to home in on the denial part.
It was necessary to provide a soothing narrative that what had just happened hadn’t actually happened.
The BDO report reminded me of the contributions of the Stenography Corps in 2012 when they tried to explain to their grieving demographic that Rangers FC had not died.
Suddenly, terms like “Holding Company Vehicle”.
However, my personal favourite was “Engine Room Subsidiary”.
It’s really quite remarkable.
Dear reader, for reasons of commerce and cowardice, those who claim to be in the accurate information business have told that Orwellian lie again and again.
It remains for this journalist a dividing line on Planet Fitba.
That is, if you cannot admit that Rangers (Est 1872) died in June 2012, then you’re in the fake news business.
I know a lot of Celtic fans who couldn’t care less about the rangers or their friends in the mainstream Scottish media but, we all have a duty to remind them every day that the old rangers died in 2012 HH
Has it really taken twelve years to liquidate a company???
The Rangers Football Club of 1872 had one SFA club membership number, and one SFA registration. That same 1872 entity became, a Limited Company, and later still a PLC.
All three entities shared the exact same, and original 1872 SFA club membership number, and registration. End.
SEVCO were issued with:
1x NEW SFA club membership number and
1x NEW SFA registration.
That is why both clubs (the new club and old club) have:
two different SFA membership numbers and
two different founding SFA registrations.
Meaning its impossible for SEVCO to claim same ‘club’ titles of a born 1872 liquidated 2012 club
the only thing the share they legitimately share is rANGERs
And the good old BBC last season running the 150 year old club anniversary rubbish, they need to be held to account for the continuation myth.
FERGUS PAID THE BILLS.
I’ve said it before, but the very gates at the Asbestos Arena state in hard, wrought iron that it was the home of Rangers Football Club Ltd. If the club was not a financial entity, then why did it need limited liability status? For any hard of thinking Sevconuts that want to nitpick that it is the Plc, not the Ltd, version of the club that is referenced in the liquidation papers, that merely denotes a subsequent change in ownership structure (after the gates were built and installed) from a private to a public company, following a share flotation. It does not alter the fact that the club and the company were always one and the same. Engine room subsidiaries, holding companies and other such survival myth nonsense are the stuff of the sort of franchise football that does not exist here – and never has.
Oh and if any of them still think that, despite that, the new Rangers entity is the same as the old one, check the Companies House registration numbers. I think you will find that they are different. Unlike Celtic’s – because Celtic has been one continuously registered entity because, despite changes in ownership, it has never been declared insolvent and never gone bust. You can spout pish about Pacific Shelf etc, but Celtic has never suffered an insolvency event, far less liquidation. It has merely gone through changes in ownership structure. So you are pissing in the wind with that.
To be absolutely crystal clear, Rangers Football Club died. Unlike Hearts, Dundee and others it did not just go into administration, which is a survivable form of corporate life support. It went beyond that into liquidation, which is the issuance of a corporate death certificate, followed by a period similar to probate and the division of any remaining assets held by the deceased, once any outstanding taxes and other claims have been met.
Spot on
The shills in the press with the blue tinted specs will now say that the Fugazi Football Club called The Rangers International have ‘no creditors’. LOL
That is….until the next administration & liquidation for the ‘Tribute-Act’.
Not the “next”…new club, any insolvency will be their first !!
The SMSM will of course spin this that it will be a second insolvency, but it won’t be.
Tribute Act means ‘Newco’
I’ve lost all respect for Scottish journalists since their dishonesty post 2012. The survival narrative offered up by these ‘professionals’ continues to this day. I truly believe that the ‘journalists’ involved in this charade should have their NUJ membership suspended. Then we may see some reality shone on this liquidation issue at the ex RFC.
After 12 long years, that the facepainter finally getting paid
What about the timing Phil..
Season finished and Scotlands euro campaign about to start….
Irrelevant.
Surely not getting paid? 🙂
Pennies in the pound, if they’re lucky.
Sad faces all round. 😦
RFC 2012 P.L.C. formerly The Rangers Football Club P.L.C. , ( ” the Company ” ) – in Liquidation.
Proof of what we all knew that the Club and the Company was a single entity which was liquidated.
Q.E.D.