[Larry-AV]

I've read all sorts of bull-shit about how the original sale to Whyte will be voided and all the club's assets returned to SDM

I have wondered about the Murray-Whyte sale myself, Trus, posting about this on RM last year {2014} :

Thread (not started by me) : If debts were settled can oldco and newco merge?

Me :
I asked this question too, based on three events :
1} Oldco wins the 'Big Tax' Case - that has happened, with the dismissal of HMRC's appeal.
2} Oldco gets damages from Collyer Bristow - the damages have been awarded.
3} Following the above, Oldco becomes solvent and is finally able to repay the genuine creditors, including the Bondholders.
There would be no need for the Oldco to be liquidated, so there are various options.
The easiest would be for the Oldco to become another subsidiary of RIFC, like the Newco.
Something else I wondered about was if the sale of the Oldco was proved to be fraudulent, then the sale would be void and its shares would revert to their previous owner(s) ?
Those owners being Sir David Murray and others, not Whyte (or Charles Green ?).

Other RM Member :
That may be true but I think for it to happen SDM would have to actively seek the voiding of the sale through the courts. Do you think he would be likely to do that?

Me :
I have no idea, but if as a businessman SDM believes he has suffered financial loss through fraud, he might.