Alex Thomson reports today that a Singapore based company is attempting to proceed with a winding up petition in Scotland in connection with Rangers.
Orlit Enterprises alleges that £400,000 is due, according to Mr Thomson.
One wonders what a Singapore-based company could be invoicing Rangers hundreds of thousands of pounds for. Allegedly two invoices have been paid and two have not.
What can we glean from this?
First of all, the entity against which the petition is directed, should it be raised, is presumably Rangers Football Club Ltd, being formerly known as Sevco Scotland Ltd. That company owns the football club, having bought the assets from Duff and Phelps, and is in turn a wholly owned subsidiary of Rangers International Football Club PLC. Continue reading