http://www.investegate.co.uk/takeover-ap...39222798Z/
O dear King and the 3 bears found to have been acting in concert and now forced to offer for every RIFC share.
King also censured for being uncooperative and delaying the process
So he has 31 days to show he has the money and make an official offer for all shares circa 11 m quid
O dear
more hi jinks at ibrox, doesn't seem to matter who's in charge they are all at it to one extent or other.
Is that the war chest used up already??
PS its nice to see an accurate legal interpretation of the old club new club issue.
"In February 2012, old Rangers entered administration and in July 2012 it entered liquidation. Mr King appears to have lost the entirety of his investment. The administrators sold the business and assets to a new company, led by Mr Charles Green, which was later renamed The Rangers Football Club Ltd ("the Club"). Efforts to preserve the team's place in the Scottish Premier League were unsuccessful. The Club then applied to join the Scottish Football League and played the 20l2/l3 season in the fourth tier of Scottish football, rising to the second tier by the 20l4/l5 season and securing promotion to the Scottish Premier League for the 2016/17 season. At the time of writing [5 December 2016] the Club is second in the Scottish Premier League behind their traditional arch-rivals, Celtic"
O dear King and the 3 bears found to have been acting in concert and now forced to offer for every RIFC share.
King also censured for being uncooperative and delaying the process
So he has 31 days to show he has the money and make an official offer for all shares circa 11 m quid
O dear
more hi jinks at ibrox, doesn't seem to matter who's in charge they are all at it to one extent or other.
Is that the war chest used up already??
PS its nice to see an accurate legal interpretation of the old club new club issue.
"In February 2012, old Rangers entered administration and in July 2012 it entered liquidation. Mr King appears to have lost the entirety of his investment. The administrators sold the business and assets to a new company, led by Mr Charles Green, which was later renamed The Rangers Football Club Ltd ("the Club"). Efforts to preserve the team's place in the Scottish Premier League were unsuccessful. The Club then applied to join the Scottish Football League and played the 20l2/l3 season in the fourth tier of Scottish football, rising to the second tier by the 20l4/l5 season and securing promotion to the Scottish Premier League for the 2016/17 season. At the time of writing [5 December 2016] the Club is second in the Scottish Premier League behind their traditional arch-rivals, Celtic"