Reflections on Goalposts

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Tif Finn on January 28, 2014 at 8:37 pm 0 …

Comment on Reflections on Goalposts by torrejohnbhoy(@johnbhoy1958).

Tif Finn on January 28, 2014 at 8:37 pm
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Yes but did TSFM buy the history of RTC.
—————–
I TUPED over.
I don’t do walking away :mrgreen:

torrejohnbhoy(@johnbhoy1958) Also Commented

Reflections on Goalposts
Not The Huddle Malcontent on January 28, 2014 at 1:21 pm
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torrejohnbhoy(@johnbhoy1958) says:
January 28, 2014 at 1:13 pm
——————————–
I get your point and I’ve no doubt our leaders at the SFA will try and hide behind one of the many disputed points you raise.
Admin2,if it happens,puts them between a rock and a hard place.
If they deduct TRFC 25pts they’re stating officially that TRFC are the same club.As far as I know UEFA insist on all taxes being paid,or a payment plan in place.i can’t see HMRC agreeing to any plan so if the SFA want TRFC to get a licence then someone is going to have to pay around £18m.


Reflections on Goalposts
Purely hypothetical question.
If TRFC are recognised as the same club and qualify for Europe sometime in the future,then how can the SFA put them forward to play as they still have the WTC and the unpaid tax/VAT of circa£14m due at admin one outstanding?.
There may have been grey areas wrt the WTC the first time round but there is no dubiety now.These bills are outstanding therefore,by my reckoning,until they are paid,TRFC,if accepted as the same club,cannot be granted a licence to play in Europe until these bills are paid.
Have I got this right?.


Reflections on Goalposts
Holding(s) in Company
Mon, 27th Jan 2014 10:55

RNS Number : 5691Y
Rangers Int. Football Club PLC
27 January 2014

?

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: ii

Rangers International Football Club Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

YES

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

NO

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

NO

An event changing the breakdown of voting rights

N/A

Other (please specify):

3. Full name of person(s) subject to the
notification obligation: iii

River and Mercantile Asset Management LLP

4. Full name of shareholder(s)
(if different from 3.):iv

5. Date of the transaction and date on
which the threshold is crossed or
reached: v

24th January 2014

6. Date on which issuer notified:

27th January 2014

7. Threshold(s) that is/are crossed or
reached: vi, vii

5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B90T9Z75

3,095,500

4.76%

4,795,500

4,795,500

7.37%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date xiii

Exercise/
Conversion Period xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

4,795,500

7.37%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

Proxy Voting:

10. Name of the proxy holder:

River and Mercantile Asset Management LLP

11. Number of voting rights proxy holder will cease
to hold:

N/A

12. Date on which proxy holder will cease to hold
voting rights:

N/A

13. Additional information:

14. Contact name:

Hamish Byrne

15. Contact telephone number:

+44 (0) 20 7601 6262

This information is provided by RNS
The company news service from the London Stock Exchange


Recent Comments by torrejohnbhoy(@johnbhoy1958)

THAT Debate, and the Beauty of Hindsight
easyJamboMay 3, 2017 at 10:11 
torrejohnbhoy(@johnbhoy1958) May 3, 2017 at 10:00  Good morning all. not been as active on the site lately as I would like.Grandparent duties seem to be more time consuming than I thought . Trying to keep up to date though. Thought it may be of interest to some that it appears someone has successfully petitioned the court to have MIH(IL) re-instated at Companies House,9 months after being put into liquidation. ============================== I have an hour or two off grandparenting duties just now before a nursery pickup, so I’m catching up too.
That is an odd one re MIH.  There is no indication on the document of who has requested that the company be reactivated, or why.  Perhaps it’s been in Bill Miller’s incubator for the last few months, and is ready to emerge as a healthy new company having been cleansed of its tarnished past, not to mention £700m of debt.
===================================
Sorry for taking a while to get back,EJ.If I’ve mastered this link pasting thing you may find some more info here:

https://t.co/ZZUECmsdur


THAT Debate, and the Beauty of Hindsight
Good morning all.
not been as active on the site lately as I would like.Grandparent duties seem to be more time consuming than I thought19.
Trying to keep up to date though.
Thought it may be of interest to some that it appears someone has successfully petitioned the court to have MIH(IL) re-instated at Companies House,9 months after being put into liquidation.


Small Price to Pay?
SmugasFebruary 7, 2017 at 16:35       Rate This 
Cant do linkey things but BBC reporting BDO are going after D&P.
Interesting development. 
————————–
Here you go:
The liquidators of Rangers Football Club plc have launched a multi-million pound legal action against the company’s former administrators.
The claim has been lodged by BDO against Paul Clark and David Whitehouse of accountancy firm Duff & Phelps at Edinburgh’s Court of Session.
BDO are seeking up to £28.9m following Clark and Whitehouse’s handling of the administration process.
Rangers entered administration in February 2012.
Four months later, the company’s business and assets were sold to a consortium led by Charles Green for £5.5m.
BDO were then appointed as liquidators, and have since conducted a review of the events leading up to administration through to the sale of the assets.
‘No other option’In November 2014, BDO agreed a settlement for £24m in a claim against Collyer Bristow, the legal firm that acted for Craig Whyte in his purchase of Rangers Football Club plc from Sir David Murray in May 2011.
Those funds were added to the creditors’ pot, as will any monies raised from the legal action against Clark and Whitehouse.
In a statement, BDO said: “The joint liquidators, following extensive deliberations with their professional advisors and the liquidation committee, have taken the decision to issue a claim against the former Rangers’ administrators Paul Clark and David Whitehouse, of Duff & Phelps.
“During the course of the liquidation, questions have arisen regarding the strategy previously adopted by the former administrators, which have not, to date, been adequately answered.
“In seeking clarity, the joint liquidators have been left with no other option but to pursue the matter via the Scottish Court. The joint liquidators look forward to the resolution of this matter.”
Criminal charges against Clark and Whitehouse relating to their involvement with Rangers Football Club plc were dropped in June 2016.
Duff & Phelps have been approached for comment.

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-38896812?utm_source=dlvr.it&utm_medium=twitter


Peace – Not War
Afternoon all.
It seems this mornings RIFC AGM can be summed up as follows:
1. It’s Ashleys Fault.
2.We’re skint.
3.We’ll need to borrow more for the forseeable future.
No word on Res 11 with result of the vote to be announced next week.I’d have thought by now the RIFC board would have an idea of how things stand.They did say that the Ashley/Easdale alliance would not be supporting the resolution.Same old stuff about “getting back where we belong”,challenging CFC & competing in Europe.No one explained how admitting that borrowing will need to continue for seasons to come sits with UEFA & their FFP regulations.I’m sure the SFA are on this as we speak.
No real sign of drum beating,though.FWIW.the directors looked broken when boarding the bus when leaving the Armadillo.They couldn’t look anyone in the eye.No statements,smiles etc.Mark Warburton even had a “minder” when being interviewed.
Normally,reading between the lines I’d have said they’ve lost Res 11 but with most things RIFC/TRFC,you just don’t know.


Peace – Not War
Evening all.
Interesting wee twitter debate earlier wrt a hypothetical insolvency event at TRFC and what the penalty would be.
If a new club,then 15 points but if the same club then 25.
The problem for the SFA(maybe why Regan’s a target) is that if they don’t administer a 25 point penalty then how do they explain 15 without admitting TRFC are new,something they have refused to do for over 4 years.If they did go for 25,they would then face the wrath of the TRFC fans who believe that,although they’re the same club,it should be 15 points because the club wasn’t liquidated last time,just the company!
Their refusal to apply the rules last time and then be a willing accomplice in a plot to lie to every football fan in Scotland has left them between a rock & a hard place.There’s no way out.


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