Incorporation (Inc.) is the forming of a new corporation (a corporation being a legal entity that is effectively recognized as a person under the law). The corporation may be a business, a non-profit organization, sports club, or a government of a new city or town.
The most important thing to a football club is it's Licence / Membership. If you have a Licence / Membership you play football, if you don't, well, you don't play football.
On the face of it, it's pretty basic stuff. The licence Applicant must be a football club and that the Applicant is the legal entitled member thus gaining the football club Full or Associated Membership.
Now let's take a look at the SFA statement regarding the transfer of membership on 20 July 2012.
In the UEFA rules it states that the "Licence Applicant / Member may only be a football club, that is the legal entity fully responsible for the football team". If Rangers where the same football club why would they need to transfer the licence to another legal entity fully responsible for another football club?
Strange!
If it was the same team why would you need to transfer the Licence / Membership.
So who has the Licence / Membership now?
Well the football club with 140 years of history which was Incorporated on 27 May 1899 and played under the name of The Rangers Football Club PLC (In Liquidation) did hold the licence until it was transferred to another legal entity.
The new legal entity which holds the Licence now, which under UEFA rules must be a football club is called The Rangers Football Club Limited, formally Sevco Scotland Limited Incorporated 29th May 2012.
The only thing that has living history is the SFA Licence.
The Rangers Football Club PLC (In Liquidation) are dead as a football club and don't have a licence / Membership.
The Rangers Football Club Limited formally Sevco Scotland do hold a Licence / Membership but don't have any great history to write home about.
Under the name The Rangers Football Club Limited, the new club incorporated on the 29th May 2012, the licensed member of the SFA are Rangers Youth Development Limited for obvious reason.
So did you think you had invested in your club when Charles Green ask you for your Christmas bonus?
I'm afraid not.
The fans invested in a totally different company than the club.
Fans invested in Rangers International Football Club PLC, Incorporated 16th November 2012.
This company does not have a licence and is not a member of the SFA. This company is not a football club.
The new club and the new company which are separate entities where both Incorporated in 2012.
An important footnote to this.
The two recent parent / holding companies of The Rangers Football Club PLC (In Liquidation) namely Murray International Holdings Limited and The Rangers FC Group Limited formally Wavetower Limited, 100% owned by Liberty Capital are still in a position to trade.
RFC 2012 PLC formally The Rangers Football Club PLC (In Liquidation), Incorporated on the 27 May 1899, former SFA Member and Licence holder is not.
Below is a list of the 42 professional Licensed Member Scottish football clubs and their Incorporation dates.
Incorporation (Inc.) is the forming of a new corporation (a corporation being a legal entity that is effectively recognized as a person under the law). The corporation may be a business, a non-profit organization, sports club, or a government of a new city or town.
Scottish Premier League
Aberdeen. 27 May 1903
Celtic. 12 April 1897
Dundee. 12 July 1900
Dundee United. 3 june 1925
Heart of Midlothian. 29 April 1905
Hibernian. 11 April 1903
Inverness Caledonian Thistle. 17 November 2004
Kilmarnock. 20 June 1906
Motherwell. 30 September 1904
Ross County 11 August 1958
St. Johnstone. 9 August 1910
St. Mirren. 23 January 1905
Scottish Football League Division 1
Airdrie United (formally Clydebank). 2 June 1965
Cowdenbeath. 1 March 1905
Dumbarton. 26 Febuary 1914
Dunfermline Athletic. 15 January 1921
Falkirk. 26 April 1905
Greenock Morton. 30 July 1896
Hamilton Academical. 7 August 1903
Livingston. 2 Febuary 1993
Partick Thistle. 4 August 1903
Raith Rovers. 27 April 1948
Scottish Football League Division 2
Albion Rovers. 17 June 1919
Alloa Athletic. 5 April 1919
Arbroath. 1 December 2004
Ayr United. 2 December 2005
Brechin City. N/A
East Fife. 29 May 1911
Forfar Athletic. 12 August 1981
Queen of the South. 6 March 1922
Stenhousemuir. 22 August 1990
Stranraer. N/A
Scottish Football League Division 3
Annan Athletic. N/A
Berwick Rangers. 21 June 1952
Clyde. 25 January 1908
East Stirlingshire. 15 June 1910
Elgin City. 15 May 2000
Montrose. 30 July 1923
Peterhead. 23 August 1993
Queen's Park. 23 June 1903
The Rangers. 29 May 2012
Stirling Albion. 9 April 1946