frost 0 Posted November 1, 2012 Author Share Posted November 1, 2012 HMRC also said the liquidation process was to look at individuals and let Rangers make a fresh start. So Duff and Phelps may get in trouble but there's no need at all for that to damage us. There is no need for or any wish for anything to do more damage to us in this whole sorry mess, that doesn't mean it can't happen hoping doesn't make salient points under investigation go away. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted November 1, 2012 Share Posted November 1, 2012 There is no need for or any wish for anything to do more damage to us in this whole sorry mess, that doesn't mean it can't happen hoping doesn't make salient points under investigation go away. It could take years for it all to conclude fully, are we really meant to live in fear and not move forward on this off chance? 0 Quote Link to post Share on other sites More sharing options...
frost 0 Posted November 1, 2012 Author Share Posted November 1, 2012 It could take years for it all to conclude fully, are we really meant to live in fear and not move forward on this off chance? That is the point, are we going to be allowed to move forward i.e. have IPO's before all is settled or unsettled. It is all fine and well people saying it won't affect us or Green, the liquidators may come to a different conclusion and Hodge could also after considering the IPA report along with the liquidators observations. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted November 1, 2012 Share Posted November 1, 2012 That is the point, are we going to be allowed to move forward i.e. have IPO's before all is settled or unsettled. It is all fine and well people saying it won't affect us or Green, the liquidators may come to a different conclusion and Hodge could also after considering the IPA report along with the liquidators observations. If someone wants to stop the IPO they'll need to do it soon though. My point was the liquidation process may take years. 0 Quote Link to post Share on other sites More sharing options...
frost 0 Posted November 1, 2012 Author Share Posted November 1, 2012 If someone wants to stop the IPO they'll need to do it soon though. My point was the liquidation process may take years. The process had an attempt to stop it yesterday by CB, will they and ticketus join forces to facilitate or hinder the liquidation process only time will tell. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted November 1, 2012 Share Posted November 1, 2012 The process had an attempt to stop it yesterday by CB, will they and ticketus join forces to facilitate or hinder the liquidation process only time will tell. And they failed? Doubt it's too much to worry about, they're just annoyed by their own fuck ups. 0 Quote Link to post Share on other sites More sharing options...
frost 0 Posted November 1, 2012 Author Share Posted November 1, 2012 And they failed? Doubt it's too much to worry about, they're just annoyed by their own fuck ups. Yes they failed Hodge said it had no bearing on the administration, and then very strangely and publicly contradicted himself by not releasing D+P from liability and saying he would judge the matter further after seeing the IPA report and other input from the liquidators. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,066 Posted November 1, 2012 Share Posted November 1, 2012 Who are all the people that wanted to pay more for the club? There weren't any. The administrators have an obligation to try and sell the business as a going concern, which they did. The liquidators are not going to reverse the sale of it. There is no reason to do so. What happens if they decide that the asset sale was in fact an act of gratuitous alienation? Will they simply try to extract a greater consideration from the purchasers or do they have any other potential remedies? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,376 Posted November 1, 2012 Share Posted November 1, 2012 What happens if they decide that the asset sale was in fact an act of gratuitous alienation? Will they simply try to extract a greater consideration from the purchasers or do they have any other potential remedies? FFS. Don't you start now! They sold a business, not individual assets. The business needed considerable investment to allow it to continue trading. We're not talking about selling a house for £50K that was worth £300K. It's a loss-making company that has got cashflow problems. It goes into how you would value the business, which I'm not going to get into in this post, but if you look at future earnings then it could be argued that the price paid was reasonable. There's absolutely no reason to think that the sale of the business was an act of gratuitous alienation, particularly when HMRC are not claiming it. Let's remember that they opted for the less cash option. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted November 1, 2012 Share Posted November 1, 2012 Plus surely if there was interest in that route they could have got a court order in June to stop the sale? 0 Quote Link to post Share on other sites More sharing options...
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