A NewCo or Newco is a term used to describe a corporate spin-off, startup, or subsidiary company before they are assigned a final name, or to proposed merged companies to distinguish the to-be-formed combined entity with an existing company involved in the merger which may have the same (or a similar) name.[1] In a handful of cases the new company may retain the name "Newco".[2]
The term can also be used to describe a company that was created to replace its predecessor, which ceased to exist for reasons such as financial issues: the creation of a NewCo to continue the existence of Rangers F.C. was a notable example.[3]
^"Rangers newco refused SPL entry after chairmen vote". BBC Sport. 4 July 2012. Archived from the original on 14 November 2012. Retrieved 20 December 2012. BBC Scotland has learned that 10 of the 12 clubs were in opposition, with Kilmarnock abstaining and Rangers voting in favour.
^"Lord Nimmo Smith Commission"(PDF). Scottish Professional Football League. 28 February 2013. Archived from the original(PDF) on 19 December 2014. Retrieved 25 November 2014. On 14 June 2012 a newly incorporated company, Sevco Scotland Limited, purchased substantially all the business and assets of Oldco, including Rangers FC, by entering into an asset sale and purchase agreement with the joint administrators.