Rangers News

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Updates on Rangers Transfer news.

They have two - Celtic and Killie
Think Dundee Utd, Hearts, Hibs and St Mirren will say no.
Hope Aberdeen say no.

If Rangers are not playing in the SPL next season then I expect other top flight Scottish clubs to be facing financial difficulty.

the trouble with Scottish football is it is reliant on Celtic and Rangers and the other teams just aren't strong enough.

Although nobody will agree with me - the best thing for Scottish football would be to have a 'closed-shop' Super League and build up the structure of several clubs (stadia, sponsorship, tv deals, acadamies...) such as Aberdeen, Hearts, Hibernian, Dundee United and including Celtic and Rangers.

From administration to liquidation - a history of Rangers woes since Feb 13

Feb 13 - Rangers lodge their intention to go into administration at the Court of Session in Edinburgh.

Feb 14 - Rangers appoint administrators Duff and Phelps after a court battle with Her Majesty's Revenue and Customs. They are immediately docked 10 points by the Scottish Premier League, leaving them 14 behind Celtic.

Duff and Phelps reveal that HMRC lodged their petition to take Rangers into administration over the non-payment of about £9million PAYE and VAT since Craig Whyte's 2011 takeover.

Feb 17 - The Scottish Football Association launch an independent inquiry into the activities of Rangers, specifically whether Whyte is fit and proper to hold a position in the game.

March 2 - The SFA confirm they will investigate claims made by former Rangers director Hugh Adam that payments made to players were not disclosed to the governing body.

March 5 - The SPL confirm that their board have instigated an investigation into the alleged non-disclosure of payments made to players by Rangers, which prompts the SFA to drop their case.

March 8 - The SFA declare Whyte is unfit to hold a position in football and confirm that the club is facing a charge of bringing the game into disrepute.

March 9 - Rangers administrators announce a package of wage cuts with players that prevent substantial job losses.

March 15 - The SFA issue Rangers with notices of complaint over alleged breaches of five disciplinary rules and Whyte over two alleged breaches.

April 4 - Duff and Phelps confirm they have received four bids for the club.

April 23 - Rangers receive a 12-month embargo on signing players and owner Craig Whyte is banned for life.

May 3 - American businessman Bill Miller granted preferred bidder status ahead of the Blue Knights consortium.

May 8 - Miller withdraws bid for Rangers.

May 11 - The Blue Knights withdraw their interest in buying Rangers after their noon ultimatum to Duff and Phelps passes.

May 13 - Administrators announce they have signed a binding contract to sell the club to a consortium led by former Sheffield United chief executive Charles Green.

May 16 - An SFA appeal tribunal rejects Rangers' appeal against a £160,000 fine and 12-month transfer embargo.

May 29 - The SFA transfer ban is ruled unlawful in the Court of Session following a challenge from Rangers. Duff and Phelps publish Green's Company Voluntary Arrangement (CVA) proposal to creditors.

May 30 - SPL clubs take on responsibility for deciding whether 'newco' clubs should be admitted to the competition but reject fixed penalties.

May 31 - Rangers' administrators provide files requested by SPL in their investigation into undisclosed payments.

June 12 - HMRC announce they will reject the CVA offer and force the club into liquidation.

http://www.telegraph.co.uk/sport/football/teams/rangers/9327059/Rangers-in-crisis-administration-timeline.html

The BBC were indicating that the 8-9p in the £1 deal was not guaranteed but was what the new owners felt was the maximum they could offer dependent on ideal circumstances:

"Rangers entered administration on 14 February and await the outcome of a First Tier Tax tribunal at the Court of Session in Edinburgh over unpaid taxes - the so-called "Big Tax Case".

If that decision goes against the club, it would mean a further bill of anything from £35m to £70m.

That would have reduced the pence-in-the-pound deal in the CVA to close to zero."

So in that scenario the deal would go to less than a penny in the pound return for creditors. And it is that scenario that the HMRC is pushing for.
http://www.bbc.co.uk/sport/0/football/18407309

It's all a bit of a shock really, a club such as Rangers, being wound up. You would think the rights to the book, explaining how it all happened could be worth a few million.
http://www.bbc.co.uk/sport/0/scotland/18417314

Horrible to see of such a great club, unfortunately previous financial crusades such as the "for every 5pound Celtic spend we'll spend 10" has backfired horrifically. The only thing is Rangers will have the same name and continue at Ibrox, which in it self will still attract plenty of good players once the club get's back on its feet. I read a few weeks ago that Stefan Klos was on over 80 grand a week during his time at Rangers, with the likes of Van Bronkhorst, Wallace,Albertz, Numan,Amoruso,Gasgoine etc i wouldn't dare imagine what the weekly wage bill must have been around 2000.

I just read that Klos was making only a tad less than some of the top star's at Real Madrid, Murray really must have had his head up his a***

Think Klos and Barry Ferguson made the most out of the EBT's.

Not being a Rangers or SPL fan, i was just wondering if anyone on here could answer a few questions i have about the current situation.

1- What are the chances of the SPL saying no to Rangers admision for next year?

2- Would the SPL, if they say yes be leaving themselves open to lawsuits from any other clubs?

3- If they say no, what division would Rangers be in?

4- Does the SPL have a fit & proper persons test for prospective new owners? If so, how did Craig Whyte pass it?

5- How did it get so serious, and how come it's only now its come to light?

Thanks.

As much as I dislike Rangers this could be good for Scottish international football as for years we've had poor players in an uncompetitive league expecting to qualify for major tournaments despite playing in one of Europes worst quality leagues.

Now that Scottish league football at the top level is pretty much dead and will hopefully die for good all the players who are half decent might move to the championship and league one where the quality is much higher than the spl leading to a better quality international team.

Levein should be banned from picking players without the ambition to leave such a dreadful league.

super_realist wrote:As much as I dislike Rangers this could be good for Scottish international football as for years we've had poor players in an uncompetitive league expecting to qualify for major tournaments despite playing in one of Europes worst quality leagues.

Now that Scottish league football at the top level is pretty much dead and will hopefully die for good all the players who are half decent might move to the championship and league one where the quality is much higher than the spl leading to a better quality international team.

Levein should be banned from picking players without the ambition to leave such a dreadful league.

And who exactly was refusing to leave the league?

super_realist wrote:As much as I dislike Rangers this could be good for Scottish international football as for years we've had poor players in an uncompetitive league expecting to qualify for major tournaments despite playing in one of Europes worst quality leagues.

Now that Scottish league football at the top level is pretty much dead and will hopefully die for good all the players who are half decent might move to the championship and league one where the quality is much higher than the spl leading to a better quality international team.

Levein should be banned from picking players without the ambition to leave such a dreadful league.

If we start picking players from league one we might as well consign ourselves to being pot 6 regulars.

Where did I say people were refusing to leave.
I don't know if anyone is refusing to leave the league, but its a severe lack of ambition to stay in a league like spl which has been going down the toilet for a decade.

The likes of Scott brown and Steven Naismith should be playing for teams like Boro, Derby, Leeds, Cardiff etc instead of limiting themselves in the comfort zone of the awful spl. How do they ever expect to get better? Being content with worthless SPL championships and a single game flirtation with European qualification is an easy way out.
The league is a joke and no Scottish team will qualify for Europe proper ever again so why would you stay.

Well done rangers for going bust, it might just save the game.

Monty, league one is better than the spl , and its not as if we are any better than pot six anyway.

super_realist wrote:Where did I say people were refusing to leave.
I don't know if anyone is refusing to leave the league, but its a severe lack of ambition to stay in a league like spl which has been going down the toilet for a decade.

The likes of Scott brown and Steven Naismith should be playing for teams like Boro, Derby, Leeds, Cardiff etc instead of limiting themselves in the comfort zone of the awful spl. How do they ever expect to get better? Being content with worthless SPL championships and a single game flirtation with European qualification is an easy way out.
The league is a joke and no Scottish team will qualify for Europe proper ever again so why would you stay.

Well done rangers for going bust, it might just save the game.

Did Chris Boyd get better? They don't have a lack of ambition if they don't have any choice, if they do that would mean they refused to leave the league.

At least he tried. He didn't get any better because he wasn't good enough to play in the chsmpionship or turkey. In thst situation he's fine to play in the spl, but he shouldn't expect to play international football if spl is the best standard you can attain. Playing in awful spl does nothing for your international standard.

It's basically like a club pro trying to win The Open, they might get to play with the big boys, but they aren't going to go far.

If you are good enough to play elsewhere, you are cheating yourself staying in the spl.

Aw he's back when there's a bit of bad Rangers news just to run the SPL down yet again, do us a favour and bugger off.

How reliable is the information coming from Rangers new owners and the administrators? It seems they have been assuring fans of the club over issues that are far from certain, and dont appear to have been straight with the facts since the beginning.

For example, the new owners have declared all of Rangers previous trophies and record will transfer smoothly over to the new company. However a BBC Q+A on the issue seems to think that this is not neccessarily the case and have pointed to an example of a club in a similar scenario that lost its history as a result:

The Rangers Football Club PLC is a public limited company registered in Scotland (company number: SC004276) and was incorporated on 27 May, 1899. When the current company is officially liquidated, all of its corporate business history will come to an end.

When this happened to Airdrieonians in 2002, all of the trophies, titles and records associated with the club were discontinued and a new club, Airdrie United FC, took over. Airdrieonians' official history ended in 2002, then Airdrie United's took over.

Also, the owners have said that all staff, players and employees are legally obliged to transfer to the newco, but again, the BBC report contests this:

Under the Transfer of Undertakings (Protection of Employment) Regulations 2006, all employees have the legal right to transfer to the new employer on their existing terms and conditions of employment and with all their existing employment rights and liabilities intact.

It could prove problematic for the newco to maintain the level of wages currently being paid to players if the club's income is reduced. Similarly, employees are under no obligation to accept the terms of the transfer to the new company and can terminate their employment contracts.

Effectively, this means that when Rangers is liquidated, all current players would be free to seek new clubs and there would be no transfer fees due to the newco. However, there could be complications with player contracts under Fifa, Uefa and SFA regulations.

Agreed Gordy, also green says that 3 clubs had applied for spl status before. Who??

Interview on the beeb website. Don't have the link atm

The guy has made contradicting statements from the start. He said him and his partners seen it as an investment and they could grow the club then he said a few weeks later he wanted in and out quickly.

I wouldn't trust him. When the Bunnet bought Celtic he was open about his plans because he knew the fans weren't going to trust someone easily after the previous board. Green hasn't been open on the day he bought the club he wouldn't even say who was in his consortium.

I never wanted to see them relegated I just wanted the trophies that are rightfully ours but I can't stand this Green character. Relegate them and let us get on with trying to push through more important things like league reconstruction and introducing play offs. That lot have done enough damage.

I wouldn't trust Green as far as i could throw him, what happens if he decides to walk away at this point.

Rangers powerless to stop players leaving says expert


RANGERS players will be free to walk away from the club if it goes into liquidation, according to a leading expert on employment law.

• Fraser Wishart rejects Charles Green’s claim that players would breach contracts if they exercise right to leave Ibrox

• PFA believes players could leave for free; Wishart raises prospect of legal action if players prevented from leaving club

• Players becoming increasingly frustrated at uncertainty over futures

• PFA awaiting contact from Charles Green

They would also be free to accept offers to stay on at Ibrox under the new company which is set to take over Rangers but the choice would be theirs.

Last night, players’ union PFA Scotland issued a statement agreeing with the lawyer’s assessmentand protesting, on behalf of its members at Rangers, against the “information vacuum” at the Ibrox club.

PFA Scotland chief executive Fraser Wishart said that Charles Green, who heads the consortium aiming to take control of Rangers from administrators Duff & Phelps, had a legal obligation to consult the union about his plans.

Green said on Tuesday that players would be in breach of contract if they opted not to move to his “newco”. Arguing that Transfer of Undertakings (Protection of Employment) legislation, known as Tupe, compelled the players to move from the old company to the new, he said on the Rangers website: “Tupe is very clear and all employees will be transferred under the rules and regulations. We’ve explained to all the staff that contracts will be switched to the new company. If the players choose not to transfer they will then be in breach of contract.”

But yesterday Mark Hamilton, an employment partner and Tupe expert with law firm Maclay Murray & Spens, said the legislation made a specific exception in the event of insolvent liquidation. “The current Tupe Regulations, which became law in 2006, do say that, in general, employees’ contracts are automatically transferred when a company’s business is sold from administration.

“But the rules are different for liquidation. In that case, the key point is that employees do not transfer under the Regulations, though they are free to agree new contracts with the buyer of the business.

“Regulation 4 is the one which refers to contracts transferring under Tupe and this applies to administrations. However, Regulation 8 (7) says that this automatic transfer of employment contracts does not apply in the event of liquidation. Players and other employees can choose to move to the newco. But, if people do not want to go, they cannot be compelled.

“What happens is that, at the point when a liquidation commences, employment contracts are terminated. That does not mean they become null and void, because employees can still make claims on the company, such as for any wages due. But, from that point they are under no obligation to work for the liquidated company or any newco unless that is agreed.”

Wishart’s statement, posted on the PFA Scotland website, said: “The purpose of Tupe is to protect employees’ terms and conditions of employment in exactly this type of situation. Should the players wish to transfer across to the newco, Tupe ensures that they do so on their existing contractual terms.

“Equally Tupe affords every employee the statutory right to object to the transfer. Employers cannot select which parts of Tupe they wish to apply. If a player wishes to object to being transferred, his contract of employment would immediately come to an end, leaving him with no contract, no dismissal and no right to compensation from either oldco or newco. Both the club and the player are then free from their contractual obligations.

“With regard to the question of registration, we are unclear on what legal basis the football authorities would be entitled to withhold the transfer of registration of any player in this situation. The European Court of Justice ruling in the case of Bosman is authority for the view that professional footballers are workers like anyone else and are entitled to exercise their right to freedom of movement when out of contract.

“Our legal team considers that there are a number of legal remedies open to a player in the event of their registration being withheld, including the right to petition the Court of Session for a fast-track Judicial Review Hearing. It may well be the case that all of the players wish to transfer across to the newco, and if that is the case then PFA Scotland will ensure that their rights are protected. The players, however, are becoming increasingly unhappy at having to operate in an information vacuum whilst their futures are portrayed by others as being a fait accompli with no proper communication and consultation taking place.

“The players are being asked to decide upon their future with so many uncertainties involved. Unanswered questions such as which division the new club will actually play in, whether there be any sporting sanctions against the club, whether the club be eligible to play in the Scottish Cup and whether there will be a registration embargo. One or more of these factors may have an influence on a professional footballer’s career – particularly since it a career that is relatively short lived.

“Tupe also places a legal obligation on both the existing company and the newco to formally consult with the union/its members over a proposed transfer. Accordingly, PFA Scotland now looks forward to hearing from Mr Green and being furnished with information regarding the proposed transfer together with details of his plans for the future of the club.”

The status of players’ contracts at Rangers has been a matter of debate and disagreement since Craig Whyte took the club into administration on 14 February. But the regulations quoted by Hamilton appear to be decisive, and contradict what Green told Rangers staff on Tuesday.

He addressed Ibrox employees after Her Majesty’s Revenue & Customs decided it would not approve his proposed CVA route of administration. That decision by HMRC means that the CVA will be defeated at the creditors’ meeting today, and that the process of liquidation will then begin.

“Tupe regulations are very, very clear,” Green said on Tuesday evening. “We were notified by HMRC this morning and we immediately called a meeting of the staff. [The] newco will have Tupe regulations, and we would expect that all of the employees including the players would transfer into newco.

“While under Tupe regulations we are obliged to take up on all of the contracts, obviously someone may decide that they don’t want to be part of the newco. But at that point they would be in breach of contract.”

Yesterday Green continued his talks with the Scottish football authorities in a bid to secure a future for the newco. If that future is to be in the SPL he needs seven of the other 11 top-flight clubs to vote in favour of the newco receiving the share previously held by Rangers.

“We are still negotiating with the SFA and SPL to reach an amicable conclusion to the benefit of Scottish football,” he said outside Ibrox. “We need to carry on talking sensibly and get something that works for everyone.”

The liquidation process is expected to begin after two meetings at Ibrox today – the CVA meeting and a subsequent shareholders’ meeting, which Rangers have said will only last five minutes.

Duff & Phelps have said they have a binding agreement to sell Green the assets, such as Ibrox and Murray Park, and this would presumably happen before liquidation began.

After that, two liquidators from accountants BDO, who have been lined up at the behest of HMRC, will begin to wind up the existing company and seek ways of recovering cash for creditors. In a statement, joint-liquidator Malcolm Cohen said: “Once BDO is formally appointed, the joint liquidators will be seeking to protect any remaining assets, maximise recoveries for the benefit of creditors, and investigate the reasons behind the failure of the company.

“The joint administrators intend to complete a transfer of the business and assets to a new company in the coming days, putting the future of the club on more secure footing. Once this is done, BDO will determine what can be recovered from the remains of the existing company.

“It is right that there is a full and robust investigation into why the company failed, together with concerted efforts to recover monies for creditors and the taxpayer. This may include pursuit of possible claims against those responsible for the financial affairs of the company in previous years.”

Although Green now appears resigned to going down the newco route, there were suggestions in Glasgow last night that Rangers could issue a legal challenge to HMRC’s refusal to accept the CVA. The challenge would be made on the grounds that, by making that refusal, the tax authority had failed to secure the best possible deal for the taxpayer.

However, it is understood that HMRC has a caveat in place meaning they must be informed beforehand of legal action against them. Last night a spokesperson for HMRC said they had no knowledge of any such pending action.

http://www.scotsman.com/sport/football/spl/rangers-takeover-rangers-powerless-to-stop-players-leaving-says-expert-1-2352578

The players have done enough they took a pay cut to save jobs at the club. They deserve some respect and having some guy tell them even though their contracts are tore up they are under obligation to go and work for a new company or they are in breach of contract is shameful. I can't stand this Green character he's a snake and has no class. He needs to remember no one owes Rangers anything.

He needs to get the players and fans onside which he doesn't seem to be doing. The talk of fat Sally quitting because Green was going to get rid of him won't help. You don't treat legends that way.

I don't think he did a good job last season because Rangers were looking dodgy on the park before Jelavic was sold and before administration but you would have to say he never got a fair crack at it. Lennon had a poor run and was given a chance to turn it round unfortunately for McCoist the troubles had set in and he had no chance of turning it round.

He wasn't really a manager for the last 4 months he's been a spokesman for the club and had to keep players happy. Players who were getting a fraction of their wages and no doubt had their agents in their ears telling them they can go elsewhere for good cash.

Yeah he seems to be as dodgy and cagey as Whyte, don't trust him one bit. If Rangers are liquidated then surely all their contracts are void. Going to be players leaving soon i think. As soon as the first big name goes the rest will follow i think.

How much will Rangers lose if the players left on freebies, in terms of the transfer fee balance.

Is one of the reasons why HMRC are seemingly pushing for liquidation to get access to the books, to see what has been going on? I wonder whether there could be criminal prosecutions.

Liquidation allows them to go after Craig Whyte and David Murray a CVA basically closes the case letting Murray and Whyte away scot free.

Just seen McCoist coming out of Ibrox on Sky Sports news and he is looking rough it has clearly taken its toll on him either that or he was up to his old tricks and was on the bevvy last night!

It is being reported unofficially that McCoist has quit. I am not sure what else he could have done if Rangers have gone under. http://www.bbc.co.uk/sport/0/football/18440159

Sky Sports news just said McCoist won't resign but he has had a disagreement with Charles Green. Sky Sports also saying the new company will be known as The Ranger Football Club.

Please tell me you missed an s out and they won't be called Ranger.

How about the Lone Rangers?

Sorry I did miss out the s

Walter Smith leading a new bid to buy the club, come on Walter.

Smith launches Rangers bid

Former Rangers manager Walter Smith has confirmed he is leading a new bid to buy the struggling club.

The former Ibrox boss will be assisted in the offer - believed to be in the region of £6million - by Scottish businessmen including Jim McColl and Douglas Park.

Smith has called on Charles Green, whose consortium is in place to complete their £5.5million purchase of Rangers on a newco basis, to stand aside.

Smith's statement in full read: "I can today confirm that following talks over the last few weeks I am leading a new bid for Rangers Football Club.

"I have been assisted by Jim McColl, Douglas Park and other prominent Scottish businessmen with a shared objective - that Rangers Football Club should be in the hands of Rangers people who will stabilise the club and protect it from future situations like we find ourselves in today.

"With this in mind, representatives have, on behalf of my group, made representations to BDO, Duff and Phelps and indeed Charles Green, notifying them of our willingness to offer on the "Newco" basis on which Mr Green is proceeding.

"We would call on Mr Green to step aside and allow us to proceed with our deal which is in the best interests of the creditors, the employees, the fans and the various other stakeholders of Rangers Football Club.

"None of our group has any desire to own Rangers Football Club but we have put this deal in place to save the club.

"However, our overriding objective is to ensure that the stadium, the history and everything else magical about Rangers Football Club is protected and nurtured back to good health and provide a platform for Rangers for generations to come.

"Let's be clear, this is an acquisition designed to stabilise the club and ensure history does not repeat itself.

"We are not in this to take money out of the club but more so to do whatever it takes in a turnaround plan to ensure within a few years the Club can be passed on intact and to the right people.

"The supporters should be under no illusion that it will be extremely hard but with their support we can overcome financial hardship that lies ahead by lending their support to what we feel is the correct way forward - for Rangers people who know the club inside and out to control its destiny.

"The prominent Scottish businessmen involved have agreed to provide acquisition funding to allow myself and a management team to take on Rangers Football Club and make the business self-sufficient with long term sustainability being essential.

"I would hope that this offer is fully supported by everyone in the Rangers Family as without them the club cannot and will not survive.

"We therefore want to ensure honesty and transparency in everything we do. We want to rebuild Rangers Football Club and in doing so return the institution to the standards it is known for."

http://www.teamtalk.com/rangers/7813604/Smith-launches-Rangers-bid?

I'm assuming Walter Smith and his consortium have "yet to see the books".

Maybe the HMRC should run the club - it is getting so confusing. As far as I can tell Rangers owe over 0.1 billion pounds and no-one wants to pay tax. However as far as I know this is how all big-businesses are run.

Jim McColl is apparently worth a £1 billion but is still only Scotlands fifth richest person while Douglas Park is worth £78 million.

But the Walter consortium deal is only a smidgeon above that of the Charles Green deal (£6m versus £5.5million).

So why o why didn't "anyone" come forward earlier and why o why are they are they only trying to gazump the deal by fractions?
http://www.bbc.co.uk/news/uk-scotland-glasgow-west-18447530

They claim they never wanted to but the club they are only doing with the best interest of Rangers at heart.

If that's the case why wait until I've had my jelly ice cream? They have waited until the club is dead and are now offering a pittance more than Green. They may need to buy Green out because he is in the driving seat and I would imagine it would cost more than £6m.

They aren't here to save Rangers either, Rangers as we all knew them are dead 140 years of history down the toilet

No we're not.

The PLC company is dead the club Rangers is still there.

Too little too late for Walter, the club is greens.

" - BREAKING NEWS
Ian Hart has confirmed that he is not part of Charles Green's consortium, which is set to take control of Rangers.

Green named his investors yesterday, and included Hart in his list, but the Glasgow businessman has strenuously denied the claims, and restated his support for Douglas Park, who is part of the group led by Walter Smith that is attempting to buy the club from Green."
http://www.bbc.co.uk/sport/0/scotland/18440161

Personally I think it is time to liquidate and open up the books for public scrutiny - unless one of Scotlands billionnaires wants to throw £200 million into the ring.

#HEEL wrote:No we're not.

The PLC company is dead the club Rangers is still there.

Rangers are dead. 140 years of history down the drain. Although who would want to claim 140 years of history tainted by bigotry and tax dodging?

We told you at the last Old Firm game your day will come and it has.

No, the company founded in 1899 is dead, the club founded in 1872 is not.

Plus i would rather die with our history than live with celtics.

The club died meaning a new club with no history. I mean you could claim it but who would want to? Like I said its tainted.

I suppose it might give a bit of comfort when yous are fighting it out with the mighty Stirling Albion next season! Haha

The club is not dead its been moved to a different company FFS.

If that helps you sleep at night mate hang on to it for all you can.

Granted they will still play at Castle Greyskull and they will still be called Rangers but there is a break in the history when the club was liquidated.

The company was liquidated killing the club. Then Green created a new company and bought the assets for a measly £5.5m and created a new club regardless of the colour of strips they wear or where they play or what their fans sing they will always be the new Rangers.

|If they weren't a new club they wouldn't have to reapply to get into the SPL.

Its not the club applying its the new company. The clue's in the name Newco, not Newclub.

Celtic changed over to a PLC and before you say anything there was no break in the clubs history and we never had to apply to anyone for a licence to play in the league. Hearts changed the company name when Romanov bought them and they never had to reapply to the SPL.

Celtic and Hearts never went bust so the term new-co can't be used to describe it.

New-co = new club.

What's the Old Firm derby called now seeing as one club isn't old?

I'm sure someone will come up with something whne new rangers finally get back up to the SPL.

Looks like Walter and co are employing a media campaign to bully Green into selling up.

Has the new company even been founded yet