There was some misunderstanding that Charles ‘Emerald’ Green’s suggestion that he was hoping to “invest in the playing side right away” might not play well with major creditor HMRC. Capital introduced to the company after a CVA has nothing to do with a creditor’s assessment of the offer and, if anything, would offer comfort to HMRC that the company would be able to maintain future payments.
The comments are more of a challenge for the football authorities. The independent SFA appellant panel will today assess whether to increase, reduce of remove Rangers 12 month player registration embargo. Rangers narrative for the last two weeks is that this embargo could put them out of business. Apparently, they need to spend MORE money in future to ensure survival.
It remains to be seen if playing victim does them any good at appeal but Green has brushed this away, Rangers now plan to put a team on the field to win the league and reach the Champions League. Maybe not the wisest PR move.
John O’Hara, the Celtic secretary, had been unable to lure Kelly. Glass, however, was indefatigable and said he had ‘camped on his doorstep’. The 22-year-old was talked into taking part in Celtic’s first ever match, a 5-2 win over Rangers. ‘No Kelly, no Keltic’ became a catch phrase summary of the towering centre half’s significance. ‘I knew that if I could get Kelly, the rest would follow’, said Glass.
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