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Do Close appear on the creditors listing? How much are they owed?

 

Less: Fixed Charge Holders

The Rangers FC Group Limited

2

TBC

Close Leasing Limited

3

(1,560,000)

Scottish Sporting Council

3

(505,000)

Premier Property Group Limited

2

TBC

Bank of Scotland (Albion Road Finance)

2

TBC

Kelvinside War Memorial Trust

2

TBC

(2,065,000

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The numbers 2 and 3 are notes in the statement

 

2. The Joint Administrators are yet to receive details of claims from these chargeholders.

3. The Joint Administrators are yet to review and adjudicate these claims.

 

So it's not beyond the realms of possibility that unsecured creditors will receive absolutely zero return, (is that correct Bluedell?)

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The numbers 2 and 3 are notes in the statement

 

2. The Joint Administrators are yet to receive details of claims from these chargeholders.

3. The Joint Administrators are yet to review and adjudicate these claims.

 

So it's not beyond the realms of possibility that unsecured creditors will receive absolutely zero return, (is that correct Bluedell?)

 

Depends on the value of the TBCs, but it's not going to be a huge amount.

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Guest themightymcphed

Can someone clarify what the score is with Auchenhowie and Ibrox please? If he has a "floating charge" on them, what happens in regard to transferring them to the newco?

Also, read something about the oldco having shares in the newco and if BTC went against us and the oldco was liquidated that would give HMRC an avenue to go after the newco.

 

I'm not clear on those points and would appreciate someone clarifying it for me. Too much timmy propaganda saying different things.

Cheers

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Because he owns the shares of The Rangers Football Club P.L.C, company number SC4276, founded on 27 May 1899. The company may not have any assets going forward but it is what it is.

 

I don't see any future merger taking place anyway, but thanks for replying.

Edited by caseyjones
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I would like someone to tell me Whyte doesn't own Ibrox or Auchenhowie, to my disappointment a lawyer tells me he does.

 

I believe RFC Plc own Ibrox, MP & Albion car park.....these can be sold by the Admins

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