forlanssister 3,050 Posted March 11, 2017 Share Posted March 11, 2017 We know that the liquidators have gained huge funds which will probably clear all normal debts. This is a question. Can they Liquidate a company that possibly has a plus amount in the bank. Yes they can, it's not that uncommon but it's usually at the members (shareholders) request. Bluedell or Craig are far better qualified to explain it than me. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,293 Posted March 11, 2017 Share Posted March 11, 2017 (edited) I agree there was fraud from the 2 of them but the actual buying of Rangers wasn't fraudulent. What happened between Whyte and Green has nothing to do with Oldco. To gain Rangers Whyte said he would pay of LBG and he did. He also paid MIH 1 pound to take over the company. Where his case may fall down is that he never let it be known that he was banned from being a director of a company and therefore should not have been in the position to buy. If we win the BTC it will throw up some very interesting scenario's and probably court cases. You omitted to sat that when Whyte bought Rangers for £1 as well as clearing the bank debt supposedly using funds from one of his companies he had to settle the small tax case & carry out various stadium upgrades. We now know he cleared the bank debt using funds he got from ticketus and didn't settle the small tax case & carryout stadium upgrades. He effectively broke the conditions of the sale Edited March 11, 2017 by RANGERRAB 0 Quote Link to post Share on other sites More sharing options...
boabie 230 Posted March 11, 2017 Share Posted March 11, 2017 You omitted to sat that when Whyte bought Rangers for £1 as well as clearing the bank debt supposedly using funds from one of his companies he had to settle the small tax case & carry out various stadium upgrades. We now know he cleared the bank debt using funds he got from ticketus and didn't settle the small tax case & carryout stadium upgrades. He effectively broke the conditions of the sale And Murray knew that. In the contract signed between Murray and Whyte, there was a clause stating that Murray could take back Rangers if Whyte didn't fulfill his commitment to pay off debts and carry out the repairs. That shows how desperate he was to get rid of Rangers and how much of a scumbag Murray is. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,293 Posted March 11, 2017 Share Posted March 11, 2017 And Murray knew that. In the contract signed between Murray and Whyte, there was a clause stating that Murray could take back Rangers if Whyte didn't fulfill his commitment to pay off debts and carry out the repairs.That shows how desperate he was to get rid of Rangers and how much of a scumbag Murray is. I'm not sure Murray could have taken Rangers back from Whyte even if he'd wanted to. The bank were effectively running things & offloading Rangers to someone like Whyte was part of the master plan to destroy us 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,282 Posted March 11, 2017 Author Share Posted March 11, 2017 And Murray knew that. In the contract signed between Murray and Whyte, there was a clause stating that Murray could take back Rangers if Whyte didn't fulfill his commitment to pay off debts and carry out the repairs.That shows how desperate he was to get rid of Rangers and how much of a scumbag Murray is. Was he the one doing anyting more than giving his signature on behalf of his Lloyds "advisors"? Given that much of his imperium followed our footsteps, it is to be questioned how much influence he had in "his" business dealings. At the end of the day, one can always hold him down to making the signature though ... if one wants to. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted March 11, 2017 Share Posted March 11, 2017 Was he the one doing anyting more than giving his signature on behalf of his Lloyds "advisors"? Given that much of his imperium followed our footsteps, it is to be questioned how much influence he had in "his" business dealings. At the end of the day, one can always hold him down to making the signature though ... if one wants to. The fact is David Murray sacrificed us because it was both his and the banks financial interest to do so. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,293 Posted March 11, 2017 Share Posted March 11, 2017 The fact is David Murray sacrificed us because it was both his and the banks financial interest to do so. And if Whyte is found guilty what becomes of the £18m LBG accepted from him via presumably CB ? Proceeds of crime? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,354 Posted March 11, 2017 Share Posted March 11, 2017 (edited) And if Whyte is found guilty what becomes of the £18m LBG accepted from him via presumably CB ? Proceeds of crime? It wasn't accepted from Whyte. It was accepted from the club and therefore nothing will happen in respect of it. Edit - the cash went from Ticketus to Rangers and from Rangers to the bank, as far as I recall. Whyte would have arranged for it to be in a holding account but in effect the transactions would have been through the club, as both Ticketus and the bank had their transactions with Rangers and not Whyte. Edited March 11, 2017 by Bluedell 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted March 11, 2017 Share Posted March 11, 2017 Can I just say that the knowledge of our financial predicaments and the control of our club is second to none on here. I've learned a lot from you guys. Football as well. This is a top site. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,293 Posted March 11, 2017 Share Posted March 11, 2017 It wasn't accepted from Whyte. It was accepted from the club and therefore nothing will happen in respect of it. Edit - the cash went from Ticketus to Rangers and from Rangers to the bank, as far as I recall. Whyte would have arranged for it to be in a holding account but in effect the transactions would have been through the club, as both Ticketus and the bank had their transactions with Rangers and not Whyte. I'm sure I remember D&P stating the money never touched Rangers bank account. 0 Quote Link to post Share on other sites More sharing options...
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