You are absolutely spot on.Here in the US "Director" is still relatively junior. $50m of revenue is less than half of one tenth of one percent of Lloyds revenue. Not even a rounding error. She was not a big-hitter or someone with big influence there.
A Director of a company has a fiscal duty to listen to offers that may be made that could be in the long term interests of the wider business.Interesting read that.
I do wonder if there was originally more to it; the fact Bennett entertained her for a period suggests it would have been considered, at least in part.
Interesting read that.
I do wonder if there was originally more to it; the fact Bennett entertained her for a period suggests it would have been considered, at least in part.
Apparently filled with fake tops from Turkey.Suspect this is something to do with the raid on Trump’s house.
So have we to wear blue next week?Rangers International Football Club PLC (RIFC)
RIFC has raised injunction proceedings in the US to prevent a US entity and its principal falsely claiming it has been authorised by Rangers to sell shares in RIFC and using Rangers IP for that purpose.t.co
You'll be informed what to wear in due course.So have we to wear blue next week?
Thanks for the update.You'll be informed what to wear in due course.
Might be red, white and blue with stars or without.
If true then Whyte would have an "over-satisfied ring" with big Bubba and his bro's waiting in the showers for him....Please, please, let it be a scam from Whyte, 99 years in a Federal penitentiary has a satisfying ring to it.
Ranjurs ur gawin bust.Going to wait 5 minutes until the celtic blog explains it properly.
She's a Fox.
Nice Pearl NecklaceShe's a Fox.
Union bears need to get working on a song for Roland. The tune of David Watts would work.Roland Potts | People | Foley & Lardner LLP
www.foley.com
Here's our lawyer. Roland Potts loyal.
Roland Potts is Of Counsel and Chair of the International Arbitration Team at Foley & Lardner LLP. Roland is based in the Miami office where he is a member of the Business Litigation & Dispute Practice Group. Roland has an extensive background in litigation, arbitration, and appellate matters. He has advised foreign and domestic clients across multiple industries, including construction, technology, telecommunications, energy, entertainment, agriculture, real estate, and hospitality, to name a few. Roland has counseled dozens of international clients in business and partnership dispute claims. He routinely advises multinational clients in international legal disputes and arbitral matters ranging from intellectual property disputes to breach of contract claims, anti-competitive claims, construction defects, product liability claims, and more. His experience includes litigating arbitral claims entirely in Spanish.
Representative Matters
- Represented international roofing corporation in Spanish language Panamanian arbitration against developer and general contractor of airport expansion project in a multi-million-dollar breach of contract claim.
- Represented foreign sovereign entity in multiple arbitrations across multiple countries as well a maritime attachment proceeding in the Southern District of New York against joint venture partner concerning the alleged breach of multiple contracts, successfully arguing the entity was entitled to immunity under Foreign Sovereign Immunities Act.
- Represented movie and television producer in multimillion dollar litigation dispute concerning the financing of several projects with claims of fraud, breach of contract, and securities fraud.
- Represented former partners in offshore investment bank group against remaining partners in a multi-million-dollar state complex commercial court action with claims of breach of contract, fraud, negligence, and unjust enrichment.
- Represented agricultural manufacturer against former global distributor in multimillion dollar arbitration involving breach of contract and anti-competitive claims that went to final hearing.
- Represented hydroelectric power plant owner in matter against developer and contractor of the power plant for breach of procurement engineering and construction contract.
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- Represented national university and hospital against several hundred foreign plaintiffs alleging various human rights violations under state and federal laws.
Basically in a nutshellWhat does all that mean?
The thing a lot of people are missing here is this is a Delaware LLC and there are probably no assets in KRF to pay damages.That's a very interesting read, mostly because it is rare you get such in-depth detail on our Directors' correspondence with potential investors and also the funny section about the European Investment Firm.
The woman seems like a complete chancer, she has evidently been aware of the Club from her time at Lloyds and has taken a punt in the hope of getting heavyweight investors in the US and Europe to finance a bid to buy a majority stake in the club, under the guise of being authorised by the Rangers Board.
Bennett on the face of it has done the right thing, he took the original proposal documents to the rest of the Board, declined the offer and followed up with a customary face-to-face meeting. He then confirmed the club was not for sale and sent cease and desist notices once it was known she was using our IP and trademarks to hunt for investment.
Seems an open and shut case, be interesting to see the kind of damages we are awarded.
There will be no assets there because its simply her. Any investment capital she’s raised will have gone straight into the vehicle for the transaction, all that will have gone into ”KRF Capital” is her fees and expenses. To be fair, that’s not a Delaware thing, that would have been the case wherever she’d incorporated the business.The thing a lot of people are missing here is this is a Delaware LLC and there are probably no assets in KRF to pay damages.
A Delaware LLC is the equivalent of an offshore company that is invariably used as a tax avoidance scheme but rarely holds any significant assets.
In this instance, I suspect there is nothing behind KRF.
The US has the temerity to criticize overseas jurisdictions for allowing people to hide/protect assets by utilizing offshore companies but condones it in Delaware.
Using a Delaware structure though, absolutely ensures you cannot go after the assets of the principals involved in the business.There will be no assets there because its simply her. Any investment capital she’s raised will have gone straight into the vehicle for the transaction, all that will have gone into ”KRF Capital” is her fees and expenses. To be fair, that’s not a Delaware thing, that would have been the case wherever she’d incorporated the business.
It’s the favorite state for incorporation. I worked for a very large energy company for years and they were incorporated there. In fact, I don’t know how accurate this article is but it gives some indication of how popular the state is for business “ homes”.The thing a lot of people are missing here is this is a Delaware LLC and there are probably no assets in KRF to pay damages.
A Delaware LLC is the equivalent of an offshore company that is invariably used as a tax avoidance scheme but rarely holds any significant assets.
In this instance, I suspect there is nothing behind KRF.
The US has the temerity to criticize overseas jurisdictions for allowing people to hide/protect assets by utilizing offshore companies but condones it in Delaware.
The beneficial ownership is also hidden. It’s actually impossible to sue anyone behind a Delaware LLC as the liability is limited in the company
One can only imagine the mhanks’ reaction.Would be a right good laugh if we made a fortune out of it though.
Correct. Bunch of scum. I will never give these rats a penny of my money. They should have been allowed to go to the wallLloyds during our struggles too.
See she works with the best of the best, Lloyds Bank, and Duff & Phelps NAWWW!About us – KRF Capital
krfcap.com
Kyle Fox
Partner
kfox@krfcap.com
Kyle has worked in capital markets for over 17 years led over $75bn of debt and equity transactions globally. Most recently she served as the Global Head of Capital Markets at HIG Capital. She founded the team and led over 60 debt financing transactions globally across their investment strategies including credit, real estate and LBO.
She has experience in sourcing and financing deal acquisitions and exits across the corporate, and real estate sector. She has work with private and public companies performing several roles including M&A advisor, investor, lender and borrower. Prior to HIG Capital, she has held various roles including at Lloyds Banking Group, Deutsche Bank and Duff & Phelps. With her wide network she manages and cultivates capital market relationships across a broad array of institutions. She has worked with leading Private Equity funds and has helped launched strong emerging funds. She has lived and worked in Asia, UK and the US.
Kyle holds a BA in Political Science and an MBA in finance from Fordham University.
Explains the chancer behaviour.See she works with the best of the best, Lloyds Bank, and Duff & Phelps NAWWW!
Seems bizarre they even got to sit round the table with our board though, surely we’ve learned something from all thisBasically a female American Charles Green/Craid Whyte mashup
For that reason I'm out
Given that no 2 Rangers fans can agree on the colour of shite I can see some holes in your argument.This is why a 50+1 fan ownership model is so important. Given the current board members and those with larger shareholding are mostly Rangers supporters we can have some degree of trust in them, but it does not remove the risk that the club could become a plaything for some "investor" at some point in the future.
After the past ten years, we need to make sure Rangers is in safe hands.