Whose assets are they anyway?

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From John James yesterday Mr Brown then moves on to “the …

Comment on Whose assets are they anyway? by zerotolerance1903.

From John James yesterday

Mr Brown then moves on to “the vexed question of the mythical concept of the club.” Lord Doherty states that the “articles of association show Rangers started as a club.”
Brown responded that this changed when Rangers incorporated in 1899. Brown continued: “Sevco Scotland did not buy the club they bought the business and assets of the club.There is a difference between the company and the business assets, but not between a club and a company. A club is an undertaking of it’s owners. As it has neither capacity of personality, no-one can be CEO of a club. The idea that someone can be CEO of an undertaking is just nonsense.”
Brown continued: “I realize that Rangers being the same club is a matter of life and death to some, but it wouldn’t be a proper legal case without the elephant in the room getting mentioned.The team are paid by Sevco, play at a ground owned by Sevco, trained by a manager who is employed by Sevco, fans buy tickets from Sevco. Rangers was a basket of assets that could be sold, but these were not indivisible.The players went one way and the ground another, where is the “club” then?

zerotolerance1903 Also Commented

Whose assets are they anyway?
Looking back at the various reports from yesterday (I’ve been catching up all day today, having been under the weather yesterday) and it seem to me that yesterdays argument goes thus:

Wolffe: Green’s contract described him as the CEO of Rangers Football Club and Sevco didn’t acquire Rangers Football Club until 14 June therefore anything prior to that is not covered.

Brown: Green’s contract was with RIFC which IS (the current) Rangers Football Club.  It was previously called Sevco and acquired the assets and business of RFC Plc (which was the old Rangers FC) on 14 June.  Anything prior to that was in his capacity as Director of the same company.

Some have asked why Wolffe would advance such a difficult to defend argument, I suspect that in the circumstances of being instructed by his client to defend against Green’s action that it’s the only route open to him. However pursuing this line can only bring to a head even more explicitly that there are two Rangers Football Clubs, one incorporated in 1899 that is now in liquidation and one that formed in 2012.

IMHO RIFC shouldn’t be fighting Green at all, they should want him to win his criminal case.  If he doesn’t it will be extremely bad for TRFC/RIFC.  Why are they pursuing this action?
– is the cash position so bad that they can’t afford to pay his costs?
– has King let it become so personal that he’s not seeing sense? or
– does he not get the longer term implication?

Whose assets are they anyway?
I liked Alan Patullo’s comments in his article in the Scotsman today.


It is not clear the exact course of action King is threatening should debate continue on the matter. Given that the subject has preoccupied Scottish football in recent years, continued discussion seems inevitable.


But King’s take on the matter has not been consistent. He has previously apologised for the tax scheme and was quoted in 2012 as saying: “I follow the logic of the argument that if we lose the tax case then we probably gained some competitive advantage”. However, he has now adopted a different stance.

Whose assets are they anyway?
Completely agree.
Green’s argument would be that all of his actions relate to the formation of Sevco and its subsequent acquisition of Rangers assets, Sevco being the company which later changed its name to RIFC of which he was a director.  Some actions (particularly the negotiations with D&P) may have predated the formation of Sevco but they were all part of the same transaction.
Mr Wolffe’s argument is a very difficult one to present in a court of law, and one wonders if there is an ulterior motive there – or whether it’s just down to the ill advised instruction of the client.
JJ has pointed out the paradox that if Mr Wolffe wins this case then it undermines Charles Green’s criminal trial.  If Green loses that case it could make the assets of RIFC proceeds of crime. 
A win for RIFC in this case could indeed be Pyrrhic.

Recent Comments by zerotolerance1903

Time to Ditch the Geek Show
Also regarding McInnes, bear in mind that he turned down an offer from Sunderland this summer.  He would have had a handsome salary and transfer money to spend, but just didn’t fancy it.  As I said, no daft.  

Time to Ditch the Geek Show
HOMUNCULUSOCTOBER 29, 2017 at 11:36 0 0 Rate This
Surely there wouldn’t be any deal other than
“If someone wants to employ our manager, who has recently signed a new contract then they will have to pay us £1m (or whatever) to break that contract. Then he is free to do what he wants”
Given that Aberdeen were second in the league and in both cups last year, they cannot in a hurry to get rid of him.
Or are they, maybe an Aberdeen fan could enlighten us.
I’m sure it comes as no great surprise that McInnes is immensely popular with the Aberdeen support, and it’s about more than just getting the first team knocked into competitive shape but also other aspects of the Club, top to bottom. Overall the Club is in much better shape after a series of terrible managers and mismanagement at the Club for many years. 

Therefore, it will also come as no surprise that Milne will be hung drawn and quartered if he lets McInnes go without a fight, especially to “them”.  Obviously we can’t do anything if they throw the required level of compensation at it but anything less will be unacceptable. 

That said, McInnes is not daft. He’s onto a good thing at Aberdeen and he surely knows that Sevco is a basket case.  The treatment of Warburton and Caixinha cannot have gone unnoticed.  I’d be surprised if he jumps ship for anything less than a Premiership Club. 

Time for Scots Government to Take Bull by the Horns
What a shock, Ryan Jack failed to grab a hold of the game.  Sat too deep it seems,  well duh.  There’s a reason that very few tears were shed in the North East when he didn’t sign a new deal. 

Time for Scots Government to Take Bull by the Horns
Oh dear Pedro.  

Você está sendo demitido pela manhã.

Time for Scots Government to Take Bull by the Horns
@Jimbo – surely you mean the best Scottish export since whisky?  Rather than whiskey!!!

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