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External Draft 6
AGREEMENT AMONG
SUBJECT TO CONTRACT: DRAFT
(1) THE SCOTTISH FOOTBALL ASSOCIATION LIMITED(2) THE SCOTTISH PREMIER LEAGUE LIMITED(3) THE SCOTTISH FOOTBALL LEAGUE(4) THE RANGERS FOOTBALL CLUB PLC (IN ADMINISTRATION)(5) SEVCO SCOTLAND LIMITED
 
 
Contents
Clause PageAGREEMENT AMONG:
(1)
THE SCOTTISH FOOTBALL ASSOCIATION LIMITED,
a company incorporated inScotland (registered number SC005453) whose registered office is at Hampden Park,Glasgow G42 9AY (the "
SFA
");(2)
THE SCOTTISH PREMIER LEAGUE LIMITED,
a company incorporated in Scotland(registered number SC175364) whose registered office is at Hampden Park, GlasgowG42 9AY (the "
SPL
");(2)
THE SCOTTISH FOOTBALL LEAGUE,
an unincorporated association acting through itsBoard having its principal place of business at
 
Hampden Park, Glasgow G42 9EB (the"
SFL
");(4)
THE RANGERS FOOTBALL CLUB PLC (IN ADMINISTRATION),
a companyincorporated in Scotland (registered number SC004276) whose registered office is atIbrox Stadium, 150 Edmiston Drive, Glasgow G51 2XD ("
RFC
"), acting through the Joint Administrators (defined below); and(5)
SEVCO SCOTLAND LIMITED
, a company incorporated in Scotland (registered number SC425159) whose registered office is at Ibrox Stadium, 150 Edmiston Drive, GlasgowG51 2XD
(“
Sevco
”).
 
RECITALS:
(A) The SFA is a private company limited by guarantee which is the governing body of association football in Scotland whose aim is to promote, foster and develop the game atall levels in Scotland.(B) The SPL is a private company limited by shares which owns, promotes and operates the"Scottish Premier League", in which the association football clubs owned and operated bythe twelve holders for the time being of the issued shares in the SPL compete.(C) The SFL is an unincorporated association of thirty members acting through its Boardwhich owns, promotes and operates the "Scottish Football League", in which the thirtyassociation football clubs owned and operated by its thirty members for the time beingcompete in three divisions (first, second and third).(D) RFC is a public company limited by shares which (i) is a full member (as defined in theSFA Legislation (as defined below)) of the SFA; (ii) owns one of the twelve issued Shares
 
 
in the SPL; and (iii) owned and operated an association football club known as "RangersFC" (defined below) which played in the Scottish Premier League during season 2011/12.(E) Sevco is a private company limited by shares.(F) Following the completion of a controlled auction process by the Joint Administrators(defined below), Sevco has purchased substantially all the business and assets of RFCby entering into the SPA (defined below).(G) Sevco will become, following on the transfer to it of the full membership of RFC in theSFA, on Completion (defined below) the operator of Rangers FC within the Third Divisionof the Scottish Football League.(H) Sevco has applied for and has been admitted as an Associate Member of the SFL(defined below) subject always to Rule 16 of the SFL Rules and during season 2012/13(at a minimum) shall play in the Third Division of the Scottish Football League.(I) Dundee FC (defined below) will resign from membership of the SFL, its membership of the SFL will automatically terminate and Dundee FC will have transferred to it by RFC theone Share held by RFC and during season 2012/13 (at a minimum) shall play in theScottish Premier League.(J) The members of the SFL passed the SFL Resolution (defined below) on 13 July 2012.(K) The SFA, the SPL, the SFL, RFC and Sevco have between and among each other agreed to give various undertakings and to contract as set out in this Agreement.
IT IS AGREED
as follows:1.
DEFINITIONS AND INTERPRETATION
1.1 In this Agreement:
Administrators' Representative
means any of:
 
(a) the company by which the Joint Administrators are employed;(b) that company's directors, employees and / or agents; and(c) any other representatives of the Joint Administrators;"
Appellate Tribunal
" means the appellate tribunal of the JP which ratified the Decision of the First Tier Tribunal on 16 May 2012;
“Application”
means the application for the transfer of the full membership of the SFA(as defined in the SFA Legislation) currently vested in RFC to Sevco;
"Associate Member of the SFL"
means a football club however constituted which isadmitted to the Scottish Football League pursuant to Section 2 of the SFL Rules;
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