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Dave King Statement ( and interim accounts)


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And if it is found we were indeed the victim of a fraudulent acquisition by Whyte those ten SPL must be brought to account for that decision to expel Rangers from the then SPL.

They will have questions to answer and even more so if the BTC goes in Rangers favour at the SC.

 

I disagree. The fact that a fraud was committed was irrelevant to them as they could only base their decision on the fact that they had at that time, ie oldco was going to go into liquidation. Whether a fraud was later discovered isn't that important to their decision making.

 

Likewise the BTC. The reasons for the liquidation weren't relevant to them.

 

I disagree with the decision that they reached but they can't be blamed for not knowing information that wasn't available....and still isn't.

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And if it is found we were indeed the victim of a fraudulent acquisition by Whyte those ten SPL must be brought to account for that decision to expel Rangers from the then SPL.

They will have questions to answer and even more so if the BTC goes in Rangers favour at the SC.

 

That Whyte got hold of Rangers is down to David Murray and nobody else. Murray is to blame for what happened to us.

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And if it is found we were indeed the victim of a fraudulent acquisition by Whyte those ten SPL must be brought to account for that decision to expel Rangers from the then SPL.

They will have questions to answer and even more so if the BTC goes in Rangers favour at the SC.

 

I'm sorry RAB but there is absolutely no chance whasoever of us bringing a successful case against those that made that decision because they will argue rightly that they made their decision based on the rules in place at the time, the facts or evidence presented to them and the legal advice that they (no doubt) obtained.

 

In order to succeed we would have to show that they failed to act in good faith, contrary to the above; and I would suggest that that would be well nigh impossible.

 

And even if we were to succeed in such an action what would we gain other than satisfaction and further lining the lawyers' pockets? We can't replay the last 4 years and will be back in the SPL on our own merits anyway. Any financial award would most likely bankrupt the SFA/SPL and/or the Clubs involved and what's the point of that?

 

Although not directly related, finally winning the BTC at the Supreme Court combined with the "no sporting advantage" ruling gives us immense satisfaction and whilst the bitterness will always be there, we weren't entirely innocent and IMO we should move on and upwards and not waste any more injury on the past that cannot be rectified.

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That Whyte got hold of Rangers is down to David Murray and nobody else. Murray is to blame for what happened to us.

 

And if Murray was forced to sell by LBG ?

On the day Whyte got Rangers the news was greeting with incredulity amongst the Scottish Banking fraternity(including LBG)who knew all about Whyte. They weren't wrong.

Edited by RANGERRAB
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I disagree. The fact that a fraud was committed was irrelevant to them as they could only base their decision on the fact that they had at that time, ie oldco was going to go into liquidation. Whether a fraud was later discovered isn't that important to their decision making.

 

Likewise the BTC. The reasons for the liquidation weren't relevant to them.

 

I disagree with the decision that they reached but they can't be blamed for not knowing information that wasn't available....and still isn't.

 

Well they shouldn't have taken that decision without knowing the facts then should they?

They should have abstained like Killie did. And their Chairman at that time (michael Johnston) said he took that decision based on safeguarding KIllie from any possible litigation

Edited by RANGERRAB
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I'm sorry RAB but there is absolutely no chance whasoever of us bringing a successful case against those that made that decision because they will argue rightly that they made their decision based on the rules in place at the time, the facts or evidence presented to them and the legal advice that they (no doubt) obtained.

 

In order to succeed we would have to show that they failed to act in good faith, contrary to the above; and I would suggest that that would be well nigh impossible.

 

And even if we were to succeed in such an action what would we gain other than satisfaction and further lining the lawyers' pockets? We can't replay the last 4 years and will be back in the SPL on our own merits anyway. Any financial award would most likely bankrupt the SFA/SPL and/or the Clubs involved and what's the point of that?

 

Although not directly related, finally winning the BTC at the Supreme Court combined with the "no sporting advantage" ruling gives us immense satisfaction and whilst the bitterness will always be there, we weren't entirely innocent and IMO we should move on and upwards and not waste any more injury on the past that cannot be rectified.

 

What rules ? What facts ? What legal advice? We're they just not following Liewell's instructions?

Being out the top division & not competing in Europe has cost Rangers a fortune not to mention the costs when the players walked away in 2012 & Rangers got nothing.

Edited by RANGERRAB
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Well they shouldn't have taken that decision without knowing the facts then should they?

They should have abstained like Killie did. And their Chairman at that time (michael Johnston) said he took that decision based on safeguarding KIllie from any possible litigation

 

Why? It's not relevant to their decision making process.

 

Are you suggesting they should not have decided what division we went into until now?

 

If every decision was delayed in the way tired are suggesting, in till every possible scenario was known nothing would ever get done

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And if Murray was forced to sell by LBG ?

On the day Whyte got Rangers the news was greeting with incredulity amongst the Scottish Banking fraternity(including LBG)who knew all about Whyte. They weren't wrong.

 

Unless they strapped Murray to a chair and started caressing him with an electric cattle prod he wasn't forced to do anything Rab. Murray liked to flash his wealth. He was never out the papers bumming about it. The EBT idea was down to him. His shifting wealth to the property market just before it all crashed was another mistake he made. He had the bare faced cheek to syphon off parts of our club for his own interests but then dump us to the first penniless fly-by-night who appeared just to get out of the debts he had left us with. To top it all off he then comes out with the lie that he didn't know what Whyte was all about. Jesus Christ, there were Rangers fans talking online about what was coming before the ink was dry on the contract. Murray got himself into serious debt with LBG. That was HIS fault and nobody elses. Murray lost nothing. We did him a lot of good. That charlatan should be struck from the history of Rangers.

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Why? It's not relevant to their decision making process.

 

Are you suggesting they should not have decided what division we went into until now?

 

If every decision was delayed in the way tired are suggesting, in till every possible scenario was known nothing would ever get done

 

They were not in a position to make a decision & should have abstained & left it to the SFA to decide

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Unless they strapped Murray to a chair and started caressing him with an electric cattle prod he wasn't forced to do anything Rab. Murray liked to flash his wealth. He was never out the papers bumming about it. The EBT idea was down to him. His shifting wealth to the property market just before it all crashed was another mistake he made. He had the bare faced cheek to syphon off parts of our club for his own interests but then dump us to the first penniless fly-by-night who appeared just to get out of the debts he had left us with. To top it all off he then comes out with the lie that he didn't know what Whyte was all about. Jesus Christ, there were Rangers fans talking online about what was coming before the ink was dry on the contract. Murray got himself into serious debt with LBG. That was HIS fault and nobody elses. Murray lost nothing. We did him a lot of good. That charlatan should be struck from the history of Rangers.

 

Yes SDM had got into serious debt with LBG but Rangers debt represented just 3 percent of the MIH debt.

Why were LBG so fixated with Rangers debt as opposed to the many times greater MIH debt?

Why were they do keen to get Rangers sold to the first chancer who came along to get Muir his £1m !

You decide

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