Some Last Thoughts on the SPL Share of Amoeba Rangers!

Another in my ongoing series looking at the various implications of the “Entente Cordiale” reached between the various bodies connected with Rangers. This time I am looking at the SPL share.

Bizarrely it seems, if you follow the SPL Articles (ha ha) Rangers Football Club PLC, which is a shell containing no assets, is still a member of the SPL!

That would imply that, like a single cell organism, the process of cell division resulted in there being two “Rangers”, both of them having existed since 1872.  Amoeba Rangers!

A camera captured the moment when The Rangers Football Club (owned by Sevco Scotland Ltd) came into existence …

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SPL Meeting – Charles Green Attends on Behalf of Rangers PLC, not Sevco – How?

STV is reporting Mr Green’s arrival at the SPL AGM today.

They state the following:-

“… the SPL has so far failed to request Duff and Phelps to relinquish the company’s member share.

The member clubs of the league voted against the newco Rangers assuming the old company’s share at a ballot on July 4.

Under the SPL’s rules, the old company should have ceased to be entitled to hold a share on that date, as they had already ceased to be the owner and operator of a club.”

I am reluctant to disagree with the astute folk at STV, but I will on this point.