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Started By
Message
OldCo officially liquidated
Posted on 10/31/12 at 12:55 pm
Posted on 10/31/12 at 12:55 pm
Happy Liquidation Day
quote:
Rangers oldco has been liquidated after the administrator was involved in a legal dispute over the company.
Duff and Phelps has concluded its time over seeing the insolvent entity, formerly The Rangers Football Club plc.
Neutral insolvency firm BDO has now been appointed to wind up the company, which will see it investigate those responsible for the financial meltdown of the Ibrox club.
At the Court of Session on Wednesday, Lord Hodge granted two petitions being sought by Duff and Phelps to end its period of administration and to appoint BDO as interim liquidators of the oldco, RFC 2012 plc.
3
Posted on 10/31/12 at 12:57 pm to TN Bhoy
I miss Old Firm. This blows.
Posted on 10/31/12 at 1:02 pm to BleedPurpleGold
My Eurosport app doesn't even include the SPL anymore.
Posted on 10/31/12 at 1:05 pm to BleedPurpleGold
I'm definitely not familiar with how bankruptcy works in UK but I'm guessing they'll get picked up by a distressed PE fund in the not so distant future. They'll be back.
Posted on 10/31/12 at 1:06 pm to Meursault
quote:good, why the frick should it? Stupid arse SPL ah well short term pain, long term pain...
My Eurosport app doesn't even include the SPL anymore.
Posted on 10/31/12 at 10:56 pm to TN Bhoy
And the ZombieCo get beat at home by ICT in the Cup 3-0. No "Old Firm-Redux" this season.
This post was edited on 10/31/12 at 10:57 pm
Posted on 10/31/12 at 11:44 pm to TN Bhoy
Posted on 11/1/12 at 1:09 am to BleedPurpleGold
quote:
I miss Old Firm. This blows.
A lot of Celtic fans were happy when this whole thing went down but were too short sided to see the obvious drawbacks.
Posted on 11/1/12 at 4:39 am to Meursault
quote:
My Eurosport app doesn't even include the SPL anymore.
Celtic fans just don't get it
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