So, who decides which of the potential liabilites passes to NewCo (who have a potential income, plus a football ground etc) and which stay with OldCo (who appear to have no ascernable assets)? Presumably D&P arranged the sale of OldCo assets to NewCo, and decided what was in or out.

Edit: How can any organisation decide to sell off bits and in doing so put HMRC "out of reach"

It seems the SFA want all football creditors paid, the ban to be accepted and that the NewCo will accept the SPL invesigation outcome and punishments if required - I assume they'll have the right to appeal the outcome to the SFA.

If Green accepts this then they will receive the OldCo's membership and history.

I think the transfer embargo is the more pressing concern for Green just now.

Administrators were appointed to oversee the companies financial going on, supposedly this is supposed to protect its investors and creditors.
Now, how selling off the companies assets (namely the club and properties) to a new company, while leaving the old company with whats left (basically debts) is getting anything in return for the investors is anyone's guess.
they could have sold the stadium alone for many times the price they got for all the assets combined, im guessing the decision was about saving jobs.

As to what liabilities pass over, legally, no liabilities pass over at all.

however the SFA have decided to make Rangers accept liability for all money the previous company owed to scottish clubs in order to get a licence.

Effectively they are being blackmailed, not sure how legal it is, or what other sanctions Rangers would face if they went to the courts.
But its late in the day, the season kicks off shortly, it would be a total nightmare if rangers went to court over this, the whole season could be delayed for everyone.

You said it mate. These people have more hatred for Rangers than love for their own clubs, yet they try to tar Rangers as "Scotland's shame". What a sad little world they live in

If the situation was reversed, do you not think that Rangers fans would behave in the same way if it was Celtic? Off course they would, and I wouldn't expect them not to.

The History remains, theprevious trading co will be liquidated and all assets moved to new trading co." Newco" if its too much for you to understand. The football club remains

Rangers can't go to court though.

Either it keeps the history and sanctions that go with it or Green starts a new club and takes it from there - debt free and no sanctions (or players)

You missed the point.

Personally i would not want celtic to have gone through what Rangers have, what is their to watch with no Old Firm derbies? You should realise not everyone is bitter celt1987. Cheers

If all assets transferred why have they to apply as a seperate entity to the SPL?

It was to transfer the share which can only be done with SPL approval which they never got.

Transfer from who to who, if it's the same club?

OldCo to NewCo - the share is effectively the club's right to play in the SPL.

i think it can go to court though, I'm not 100% on it though.

I "think" Rangers took opposed the transfer ban, and i thought a court ruled the SFA to look at the punishment again, i though Rangers had a choice of accepting the ban, or demanding another pinishment.

As i said, not 100% on it though.

The one that was ruled illegal?? Sporting integrity my arse ...

It's not illegal as it's now a condition of the transfer of membership.

In effect it's the SFA's way of keeping FIFA off it's back.

It can't go to court as it appears to be a condition of the SFA membership transfer.

So Green can either accept it or not.

BTW the embargo will still allow SevCo Scotland to sign under 18 players - give the conveyer belt a chance to flourish in Div.3

Ah, just like the debts arent legally payable, but the SFA are making it a condition of getting a licence.

Ah well.

So the SFA are now making it up as they go along to punish Rangers - who would have funk that eh??

SFA Statement:

“Scottish football’s recovery process begins today. The Board of the Scottish FA endorses the decisions made by the respective members of the Scottish Premier League and Scottish Football League to accommodate Rangers FC Newco into the Irn Bru Division Three..

“The Scottish FA Board are also wholly committed to Stewart Regan driving this process forward. Since being appointed Chief Executive, he has led us through an unprecedented modernisation of the Scottish FA..

“He has our full support to continue the excellent work undertaken so far in accomplishing the key objectives of our strategic plan, Scotland United: A 2020 Vision. This will remain the Board’s priority as we move forward..

“The new season begins in less than two weeks and it is incumbent on the Scottish FA to conclude all outstanding issues relating to Rangers FC. To that end, we aim to meet with the club this week with the intention of achieving a satisfactory outcome for all parties so that we can focus on football in time for the new campaign.”



One thing I do think is hypocritical of the SFA with the membership issue is that on the one hand it wants Green to accept the outcome of the SPL Dual Contracts investigation, yet the man who was Company Secretary during the investigation period is still in his job as SFA President.

Whether you agree with it or not, Rangers should have gone to CAS or lodged an official complaint to FIFA - not go to the CoS.

Seems that the SFA think Regan is doing a grand job as this has just appeared today ...


Words fail me ... this has to be one of the sickest jokes ever.

It's one thing for the SFA to put conditions on a NewCo, as that is a contractual relationship between two parties. What I cannot comprehend is the idea that D&P can sell off some of OldCo's assets at a knock down price (if that is what they did) to put them out of reach of OldCo's known creditors, and potential creditors (inc HMRC).

If this is what has happened, is it legal? In my opinion it didn't ought to be.

That will come out when BDO start the liquidation process.

I agree that they are making an arse of it.