David Leggat has shown by his insight into the internal affairs of Rangers that he still has a fine nose for a scoop.
He spotted the apparent flaws in Mr Green at an early stage, repeatedly calling him a snake-oil salesman. And even though, as the year progressed, he became one of the biggest cheerleaders for Mr Green and his consortium, he could be excused for having been led into misjudging the soon-to-be former Director.
It would be unfair to hold his change of mind against him, and in fact I am sure he would be quick to claim that he had been right about Mr Green from the start.
Yesterday too he indicated his prescience, pointing out that he had used his contacts to find out about and publicise the freezing of season ticket prices well in advance of the official announcement from Rangers.
As a man with his finger on the pulse, it is clear that he is privy to thoughts inside Ibrox. Continue reading
We almost seem to be having déjà vu when it comes to Rangers, yet again! A tweet from @Corsica1968 prompted me to have a look at Section 216 of the Insolvency Act 1986.
It looks as if that section would potentially be enough to prevent the involvement of Dave King in Rangers for 5 years from 5th November 2012 onwards. It would also prevent John Greig, for example, from re-joining the Board.
The section relates to the re-use of a company’s name where it has gone into insolvent liquidation. The mischief the section is designed to stop is that of companies “dying” and leaving its debts with the oldco only to be resurrected a couple of days later as a newco but under the old trading name and with the same directors in charge. It can be legitimate to do so after a process of administration – but not when being “pre-empted” by the directors. Continue reading
Jim has been kind and has sent me a piece about one of the players (and at present going he might need to pull on a jersey) still flitting round the edges of the Rangers Debacle. I have added some information at the end, with some extra comment too.
I now leave the floor to Jim. Take it away!
There are so many strands to the RFC debacle that some are forgotten/neglected when a new one is opened. Just a thought on an old one.
Mr Dave King is a very interesting business person. His ongoing dispute with the South African Revenue Service (SARS) has been going on for many years with no sign of resolution. SARS’ claims are quite revealing. Continue reading