Did the MSM learn anything from the Rangers saga?

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When the CVA proposal was rejected, Sevco was required* to …

Comment on Did the MSM learn anything from the Rangers saga? by redetin.

When the CVA proposal was rejected, Sevco was required* to purchase the business and assets of the company, no mention of “history”. No mention at all of “history” anywhere in the CVA Proposal document of 29 May 2012.

*”4.23 In the event that either this CVA is not approved, or the other Conditions of the loan are not satisfied or waived by 23 July 2012, Sevco is contractually obliged to purchase the business and assets of the Company for £5,500,000 by 30 July 2012. All further terms of that sale have been agreed in advance and are confidential.”

redetin Also Commented

Did the MSM learn anything from the Rangers saga?
redetin says:
August 25, 2012 at 14:36

So, rather naughty of D&P to write “business and assets” in the CVA Proposal, and “business, history and certain assets” in the Progress Report.*

*”4.6 As part of a wider agreement with the Joint Administrators which was finalised prior to the CVA meetings, Newco was obliged to purchase the business, history and certain assets of the Company should the CVA fail.”


Did the MSM learn anything from the Rangers saga?
alan280170 says:
August 25, 2012 at 04:53e This

This is amazing, you can now sell history????

From Duff and duffers progress report or should that be milking the dead dog report, no laughing:

6. Sale of the Business and Assets
6.1 A detailed outline…
______________________________

A “detailed outline”. WTF???


Recent Comments by redetin

We’re Gonny Need Another Baw.
Cluster One 31st January 2019 at 06:58

Agreed, McLeish was embarrassing when he was looking for the Scotland job, but according to BBC, he had an EBT of £1.7 million (supported by a side letter) to think about. The SFA must have known about this unless they hadn't read the BBC page.

https://www.bbc.co.uk/news/uk-scotland-glasgow-west-34118126

Has their been any further news of recipients being pursued for repayment?

 

 


We’re Gonny Need Another Baw.
Merry Xmas to all and especially to the Administrators for the work they've done for our benefit; to those who make intelligent analysis of the footballing scene; and to the readers who are taking time on Christmas Day to thumb down posts ?


Dear Mr Bankier
macfurgly 8th December 2018 at 12:58

The subject of Blue Pitch Holdings investment was investigated a couple of years back* and the website articles are still available.See link below:

https://scotslawthoughts.wordpress.com/tag/mazen-houssami/

*Random Thoughts Re Scots Law by Paul McConville

 


Stevie G – The Real Deal?
OttoKaiser 6th November 2018 at 11:33

____________________________

See the 7th tweet in the Swiss Ramble thread: "Rangers FC have consistently lost money since their return from liquidation"

Did I miss something?

 


To Comply or not to Comply ?
helpmaboab

Regarding "bias" at the BBC, I recall the James Traynor years in the BBC, now remembering his punditry in a somewhat different light. How did he get away with it? He had a cute way of discussing Rangers, covering his succulent lamb years with a pretence of supporting Airdrieonians, but never seriously castigating those who were responsible for Rangers failing business model and their ultimate liquidation.The bias continues with BBC using "Rangers" statements while having no access to the club for questioning.

Editorial bias can come in different guises and can be found in all subject matter. My favourite was the presenter just prior to the 2014 referendum uttering the words prior: "A rally in Edinburgh in support of the union was joined by thousands of people from all over the United Kingdom". This was the BBC describing an orange order march!

The Guardian had a more balance view of the event.

https://www.theguardian.com/politics/2014/sep/13/orange-order-march-edinburgh-scottish-independence-vote

 

 


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