Look Back to Look Forward

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EASYJAMBO MARCH 16, 2016 at 20:51 ESSEXBEANCOUNTER MARCH 16, 2016 at 20:52 ============================================ Thanks, that …

Comment on Look Back to Look Forward by Homunculus.

EASYJAMBO
MARCH 16, 2016 at 20:51

ESSEXBEANCOUNTER
MARCH 16, 2016 at 20:52

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Thanks, that makes sense, however I would be a bit concerned that it doesn’t change much. It would presumably still be open to appeal through the Tribunals and Courts.

It’s one thing enacting legislation it’s another getting the court to set precedent. However if what you say is what the legislators clearly intend, then the Court would really have to accept it, unless there was other legislation it fell foul of, for example Human Rights.

The Court is there to see that the law is enforced properly, not to decide whether it should be there or not.

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Look Back to Look Forward
CORRUPT OFFICIAL
APRIL 6, 2016 at 12:45

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Rangers, currently in liquidation have debts of (best guess) around £120,000,000. Only a fraction, if any of that will ever be paid.

The Rangers who have existed for around 3-4 years have overspent by around £34,000,000 (so far) in that short time. They currently have debts of around £11,000,000. That’s the PLC, the subsidiary have debts of around £18,000,000 but that is to the parent company so genuinely is an internal matter, it’s really the groups debt which is important.

The overspending and building of debt is only getting worse, they are spending more than they earn and seem unable to do anything about it. As far as I can see this will continue for as long as major shareholders and supporters are willing to provide the board with more money. If they want to strengthen the squad in the summer, and everyone seems to think they will, it will have to come from borrowing, a share/rights issue or selling other assets.

It’s an incredible story, which is only really surpassed by the media’s apparent ability to totally ignore the most important parts of it. Rangers bought the championship, at the second attempt, by overspending what will probably be about £40,000,000 by the end of the season. That is not an achievement, it is madness.


Look Back to Look Forward
NAWLITE
APRIL 6, 2016 at 11:51
2 0 Rate This

They refused to answer my follow up asking how the club was separate.

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They cannot answer it because it simply isn’t true. The club merely changed the type of entity it was. It’s all there in the history.

Four young chaps had a dream and started a football team. That team became a members club (1872) and in the fullness of time it changed into a private limited company (1899). The private limited company then went public, floated on the stock exchange and became a public limited company (2000). For absolute clarity at the time that PLC failed to obtain a CVA and was placed into (ongoing) liquidation (2012) it did have a holding company. Wavetower (as was) owned something like 85% of the shares in the PLC.

They will not answer the question because they do not like the honest answer. They are more fond of the myth Charles Green created, the separate club / company. The continuity myth is strong because it suits a lot of agendas, it being a lie is just an uncomfortable truth. There was no point at which the PLC owned the Club, it’s just nonsense.


Look Back to Look Forward
JOCKYBHOY
APRIL 3, 2016 at 16:51

To be honest I’m still not quite clear what the “trap” was.

He said that the new legislation would fall foul of ECHR

I asked which article.

He said Article 7 (for starters)

I said I thought Article 7 related to criminality.

Maybe it’s just me but I really don’t see the trap or how I was taken in by it.


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TONY
JANUARY 2, 2018 at 16:03
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Not the humility then.


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TONY
JANUARY 2, 2018 at 15:37
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You guessed, what gave it away.


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http://www.heraldscotland.com/sport/15715129.New_poll_shows_fans_are_overwhelmingly_in_favour_of_moving_away_from_Hampden/

THE case for retaining Hampden as the home of Scottish football has been dealt a blow after a survey found just 15 per cent of fans were happy to stay put.

…..

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