pete 2,499 Posted March 10, 2017 Share Posted March 10, 2017 Who would have the rights to Oldco though and could they claim the Rangers assets. i,e. Ibrox and MP 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,282 Posted March 10, 2017 Author Share Posted March 10, 2017 Did Whyte not transfer the shares to Green hence the Sevco 5088, Sevco Scotland debacle. The status of Sevco 5088 is "active" and despite being given a Directorship ban Aidan Earley in an extremely rare move was given permission to remain as a Director of Sevco 5088. But did he? And if so, once his dealings are being made void (if that is the case), will that transfer actually have been legal? We hardly know what went on behind the curtains ... and you would expect King and Co. will now know. Which makes all debate about it even more difficult. I was under the impression that if Whyte gets convicted, all what he did from buying the shares/assets/etc. onwards will be reversed, which would raise the question, where the shares end up ... not least if MIH is/was wound up. Probably a business law minefield. 0 Quote Link to post Share on other sites More sharing options...
boabie 230 Posted March 10, 2017 Share Posted March 10, 2017 But did he? And if so, once his dealings are being made void (if that is the case), will that transfer actually have been legal? We hardly know what went on behind the curtains ... and you would expect King and Co. will now know. Which makes all debate about it even more difficult. I was under the impression that if Whyte gets convicted, all what he did from buying the shares/assets/etc. onwards will be reversed, which would raise the question, where the shares end up ... not least if MIH is/was wound up. Probably a business law minefield. If someone gains property by theft or fraud he does not own that property. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 10, 2017 Share Posted March 10, 2017 Who would have the rights to Oldco though and could they claim the Rangers assets. i,e. Ibrox and MP No but the name would have value. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 10, 2017 Share Posted March 10, 2017 If someone gains property by theft or fraud he does not own that property. Thats what whyte says about green. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted March 10, 2017 Share Posted March 10, 2017 Thats what whyte says about green. One of the questions would have to be is: Did Whyte gain Rangers fraudulently or did he just get the money for it fraudulently? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 10, 2017 Share Posted March 10, 2017 One of the questions would have to be is: Did Whyte gain Rangers fraudulently or did he just get the money for it fraudulently? Hes admitted coning whyte. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted March 10, 2017 Share Posted March 10, 2017 Hes admitted coning whyte. Yes but that is Green I was talking about Whyte. Did Whyte gain Rangers fraudulently or did he just get the money for it fraudulently? Whyte may fancy going to court to claim he is the rightful owner. Then indeed Greens admission would be important. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted March 10, 2017 Share Posted March 10, 2017 But did he? And if so, once his dealings are being made void (if that is the case), will that transfer actually have been legal? We hardly know what went on behind the curtains ... and you would expect King and Co. will now know. Which makes all debate about it even more difficult. I was under the impression that if Whyte gets convicted, all what he did from buying the shares/assets/etc. onwards will be reversed, which would raise the question, where the shares end up ... not least if MIH is/was wound up. Probably a business law minefield. MIH are irrelevant to Oldco which was probably for all intents and purposes the reasoning behind the deal. 0 Quote Link to post Share on other sites More sharing options...
boabie 230 Posted March 10, 2017 Share Posted March 10, 2017 Yes but that is Green I was talking about Whyte. Did Whyte gain Rangers fraudulently or did he just get the money for it fraudulently? Whyte may fancy going to court to claim he is the rightful owner. Then indeed Greens admission would be important. Whatever went on between Whyte and Green matters not should Whyte be convicted for actions during his own tenure. Imo the two of them were conspiring to commit fraud following the clubs disintegration. That one may well come up in the future. 0 Quote Link to post Share on other sites More sharing options...
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