Of Assets and Liabilities

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Twopanda: “I don`t understand how the newco could be involved …

Comment on Of Assets and Liabilities by angus1983.

twopanda: “I don`t understand how the newco could be involved at all”

The way I understand it, LNS allows for “the Club” to exist on a different plane to the “owner and operator”. If a new operator comes along, then the “Club” does not cease to exist, rather floating on happily above the dirty business side of things.

It is the “Club”, this ghostly apparition of a thing, this vaguely defined “undertaking” (in that sense), which is the subject of the investigation. The owner, whoever that may be at the time, is to be held responsible for the behaviour of their “Club”.

Therefore, newco is just as culpable as oldco.

It does seem to come down to the definition of “undertaking”. And if it’s referred to greater legal minds than ours, then Hirsute’s opinion appears to be correct. There are lengthy documents at European level defining “undertaking”.

LNS will press on. If he finds against Rangers FC, there will be an appeal – and that appeal will necessarily involve Mr Charles insisting that TRFC did not exist prior to this year.

Mr Charles. Catch 22. Best get that “share” cash in quickly, eh?

angus1983 Also Commented

Of Assets and Liabilities
Scotland on Sunday “Question of the Week” today …

Is Scottish Football missing Rangers in the SPL?

Response: Yes 19%, No 81%.

Of Assets and Liabilities
TRFC – new World Record for number of consecutive home ties in randomly drawn Cup competitions!

Of Assets and Liabilities

Quick note to JC:

Two Tom Holland books arrived on my desk this morning – “Rubicon” and “Millennium”. Both look very interesting and good reads.

Thank you for the recommendation!

Recent Comments by angus1983

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HighlanderDecember 15, 2017 at 12:09
Come on, Highlander. Are you trying to tell us that JJ and The Mensch are *different people*? 🙂

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Castofthousands says:
June 3, 2014 at 9:44 pm

For an effective claim to be made it should be forceful and expeditious.
Trite comment: Try telling that to many 1970s TV presenters.

Real comment: Evidence gathering can take a long time, particularly where co-operation is not forthcoming. Justice is operated by heavy, slow-moving wheels.

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A little light relief from the lad Mohsni (unfortunately “not a big name like Spanish Archer McCulloch”), talking in the Daily Record:


I thought the poor fellow was simply a rubbish fitba player, but he appears to also be a marble or two short.

(P.S. Split infinitives, I love ’em. Use them whenever I can – it’s a nonsensical “rule” of grammar. 🙂 )

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Finloch says:
April 18, 2014 at 2:07 pm

You write more like a Sandender

🙂 Surely you mean a Saniner? I spent many a happy summer day at Sanine beach, having walked over the hill fae Portsoy. Brilliant gun emplacement and tank traps. There was a great summer cafe in the old Church hall (I think it was) with a juke box and everything!

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Upthehoops – I’m afraid that you may be taking a Glasgow-centric view there. I have a couple of excellent Irish friends here in Aberdeenshire. The only problem at all people here have with anyone of Irish descent is, dare I say it, when they’re part of the travelling community.

Danish – I also grew up in the East End. The East End of Portsoy. I assume that’s where you meant? 😉

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