Sevco and Gang of 10

We are three days away from Rangers creditors’ vote on the proposed CVA and my best sources remain strongly of the view that HMRC will vote against.  As a result, on Thursday, the process to liquidate Rangers will commence and Charles Green’s company, Sevco 5088, will attempt to purchase the assets of the business.

One of the first acts of Sevco 5088 will be to apply for membership to the Scottish Premier League.  They will offer the league an opportunity to retain considerable revenue streams which would be lost to the league following the liquidation of the former football club, Rangers.

Attitudes hardened towards a Newco proposition since Mr Green came onto the scene, specifically since Rangers raised an action against the Scottish FA at the Court of Session, but sentiment in football is fickle.  We should ignore all public comments on the subject of Newco and concentrate our minds on the SPL vote, which will take place next week.

Two months ago the Gang of 10 clubs thought they were in an ‘Arab Spring’ moment when they met to discuss how they would use Rangers demise as an opportunity to re-engineer the league.  Charles Green is aware of their feelings on this matter and is likely to use this knowledge to inform his offer to the league.

Expect Green to offer to support a change in voting rights if the SPL allow Servco a franchise in the SPL.  This offer would allow the Gang of 10 to not only retain much of their existing income streams, they would actually be able to bring in additional income.  Servco FC would benefit from being the first company to be able to buy a place in the top division of Scottish football.  The only loser from this scenario would be Celtic.

The existing voting rights protect Celtic from several hazards.  The most important two are the rights of home teams to retain match ticket revenue and a limit to the number of home games shown live on TV for any club.

You will hear lots of comment from the Gang of 10 that they are not interested in splitting home gate money but none of them have agreed to exclude this matter from the change in voting rights.  More Celtic home games on TV would be welcomed by armchair fans that live abroad but would see season ticket holders suffer as kick off times are moved to accommodate TV scheduling.  Neither of these matters will be addressed at this month’s SPL meeting but, if the voting rights change, you can expect to read about them soon.

If the application from Sevco is rejected, we enter a new world, where SPL voting rights will inevitably change and Scottish clubs will have to learn to cooperate with each other on a constructive basis.  As Celtic fans, we will embrace that challenge, but you can be sure that a slice of your season ticket money is being offered right now by people who have nothing whatsoever to do with Celtic.




895 thoughts on "Sevco and Gang of 10"

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  • philvisreturns

    (thumbsup)

  • Che

    Keep em coming Paul, keep em coming!

  • Dontbrattbakkinanger

    Still scrofula?

  • voguepunter

    Thumbs down

  • tomthelennytim

    The GreenManalishi – lost my gmail login details. (new phone)
    If I’m not jumping the gun we may have reason to celebrate on Thursday, let me know if you fancy a few pints. I can head into town if it’s any easier.
    cheers

  • philvisreturns

    Paul67 – We are three days away from Rangers creditors’ vote on the proposed CVA and my best sources remain strongly of the view that HMRC will vote against.

    Surely you are mistaken Paul.

    Charlie says he has sewn up a deal with HMRC, and has even been talking about signing an Italian World Cup winner for Rangers. (thumbsup)

  • pflan76

    Does anybody know the club’s position on this: will they offer their resignation from the SPL if it is clear the other members are conspiring against us?

  • Gordon_J backing Neil Lennon

    There will be a fair amount of horse trading going on. If I was an SPL chairman I would be phoning Peter Lawwell and asking him to explain why it would be in my club’s interests not to let Sevco into the league.

  • voguepunter

    Gordon_J

    You’re sleekit ,but I like you.

  • Celtic Mac

    Paul67 et al

    Celtic need to be prepared to offer an alternative model, one to the existing SPL, and two to anything Charlie Green comes up with. Do I believe our Board will make any meaningful contribution at this stage? No, not really.

  • estorilbhoy

    Paul,

    You have stated on previous posts that you believe Celtic are playing a blinder ( might be paraphrasing there ) in this whole charade.

    Is this still your belief?

    Hail! Hail,

  • Awe_Naw_No_Annoni_Oan_Anaw_Noo

    The first act will surely be to apply to the SFA first ?

    HH

  • celtic *o* lennon

    No way will I give any of my future season ticket dosh to any other club, no chance!!!

    Paul you floated the idea of the membership scheme (tongue in cheek I realise), I support it. £550 to be a Celtic member, £50 for my season ticket!!

  • dessybhoy

    It is a simple vote about clubs who stick to the rules and pay their bills and taxes, and a club who cheat whatever they are called. Under no circimstances should Celtic FC give up season ticket money.TV coverage is not essential, 3pm Saturdays I’m sure would boost gates everywhere

  • Gincher67

    Quite. Reminding the likes of Jackson and Grieve in the Sun that Croatia is 88% Catholic would give me immense pleasure. Might stop them punching the air in whatever ayrshire/lanarkshire/fife/midlothian hovel they’re watching the games in…

    Would have liked to have Bilic as Sellick manager instead of BTM. He was the outstanding candidate at the time but wasn’t interviewed.

    The 2 leaders? Frankly, as people have pointed out, being left in a pub at age 8 is probably the least of what my parents put me and my 3 siblings through during the 1970s. Bored with the story already – irrelevant to Dave’s working day.

    Salmond displayed a greater lack of judgement by referring to rangers as adding to part of the fun of scottish football and admitting that he had spoken to the admins and the revenue. Shameful and I am unwilling to vote for Independence in the vain hope that better politicians present themselves in this new dawn. Too big a risk.

    jude2005 is Neil Lennon \o/ on 11 June, 2012 at 13:35 said:
    Emdae sense a bit of gloating in jackshuns headlines. “DIRELAND” “Euro roasting” “Irish Given a doing”

    At least they were there!!

    You’de think this clown wd still be under some snakes belly after trumpeting Whyte in to town!!

  • mic1888 says no to cheats charter no to zombie r*****s

    Paul 67

    If Zombie FC are voted in..Celtic should resign in protest and take the matter to FIFA.

    If cheats are allowed to prosper the games a bogey!

  • Snake Plissken

    Anyway, enough about politics at national level, now on to politics in football.

    Where are the votes going from here on in?

  • miki67

    How many high-blown fantasy ‘statements’ has Chucky made now?
    I’ve lost count. He’s another fine voodoo economics graduate taking advantage of a demonstrably wholly corrupt sfa/spl.
    Roll up,roll up….because rfcia will be rolled up shortly.

  • philvisreturns

    Snake Plissken – I don’t think the Scandies have had too many currency changes or civil wars in the last 200 years and they are better run places than the UK.

    Snake, appreciate you have to go to work, but that’s an interesting point you raise…

    Is Scotland more like the Scandinavian countries or is it more like the Western European ones?

    Also, what makes you think they’re better run than the UK?

    They might well be.

    For example, Sweden has education vouchers that allow parents to decide whether to send their kids public or private, instead of the broken one-size-doesn’t-fit-all comprehensive educational system we have here.

    Denmark has privatised ambulance and fire services.

    None of the EU Nordic countries has a national minimum wage.

    Corporation tax is lower than in the UK.

    None of them has an NHS, healthcare is much more decentralised.

    So I might be persuaded that the Scandies are better run than the UK, but I’m interested in why you think this is the case. (thumbsup)

  • Fantasma is Neil Lennon

    Intrigued by how HMRC could even be considering accepting the CVA, but….if the CVA is accepted, the RFC (IA) become RFC again, after the cooling off period, yes ?
    So HMRC accept the CVA, taking a penny in the pound on 17m. All other creditors are paid off, and RFC continue free of debt.

    A couple of weeks later, the FTT delivers it’s findings and unloads a neutron bomb on the now solvent RFC. Being the only creditor, they’ll get much more of the
    £??m than they would have a hope of getting if a CVA was rejected.

    Now I have no idea if any of this is even possible – purely speculation on my part, but, if the above scenario is possible, then HMRC would stand to get a lot more of their (our) money wouldn’t they ?
    I’m quite happy for anyone to come on and tell me that it’s not possible because of A, B and C etc. I don’t claim to have any real understanding of the issues, just thinking out loyd………

  • Kayal33

    My season ticket for the coming season is £609. If shared gate is ever approved then Celtic should charge everyone £19 (£1 per SPL game) for their season ticket, but in order to buy one you need to be a member of the club, cost £the price of your current season ticket + £19 (i.e. I would pay £590 for my membership).
    Alternatively we could hand in our 2 year notice to resign from the SPL and hand it over to the SFA/UEFA to sort out. I’m sure the SPL is on borrowed time as it is and our resignation would give the SFA the final push to take over the leagues in this country.

  • Gordon_J backing Neil Lennon

    voguepunter,

    Thanks – I think

  • huns fc- love the queen but wont pay her

    If theres to be a change to gate receipt money then It should go along the lines of all clubs keep there season ticket money and then when the clubs go to away games the other tickets sold for that particular match should be split In some way. i.e we sell 50k season tickets, we then play Dundee utd and the crowds 57000, the 7000 should be split In some way and then the same should be done when we go to our away games where say Dundee utd have I dont know 5000 season tickets and the crowd Is 10000, we’d lose out a little but atleast there’s some give or take from us, more give would prob be the way It would work. Any other way and I would think twice If my season ticket money was going to another Club, particularly ones I have no time for and even more so If they vote yes to new Huns.

  • Awe_Naw_No_Annoni_Oan_Anaw_Noo

    The SFA cannot accept Green or Whyte as a fit and proper person to run a new football club without bringing themselves up for disrepute ?

    HH

  • Snake Plissken

    Philvisreturns

    The fact that they live longer than adults in Scotland on average.

    http://www.bbc.co.uk/news/uk-scotland-12898723

    They also are far from perfect but there are people in 3rd world countries with better life expectancy than Scotland – shameful under the British system.

    Where would you rather live – Scotland or Norway?

    Now this time I really must go. My student is here.

    Take this up another time pal.

    Laters.

  • pauloantony

    This is exactly how I saw this transpiring….
    Green will offer the others the voting power which they desire…
    Thus bringing us down and giving newco a level playing field .

  • Dontbrattbakkinanger

    I intend to withold the portion of my season book that goes towards furnishing the ole Gazebo with Class A drugs and catamites.

  • celtic *o* lennon

    Kayal33 on 11 June, 2012 at 14:00 said:

    Agreed, Paul played out a similiar scenario in one of his posts. Hell will freeze over and the huns will show dignity before I give my season ticket money to the other teams!!

  • ‘crushed nuts?’ ‘Naw, Layringitis!’

    No accounts
    No players
    No training ground
    No stadium
    No season book sales
    In & out of court for the next five/ten years
    Joker after joker washing up with ever more deluded schemes
    RFC(ia) becoming a fading memory
    SDM finally doing a tell-all
    Davy Dodds expanding on the other tax ‘minimisation’ schemes he was offered
    Members of the LL receiving back-dated tax bills for EBTs
    Employees of other organiations ‘fessin up to receiving ‘benefits’
    Agents are asked to explain the side-letters to HMRC
    RFC(ia) are asked to explain the side-letters to HMRC (and possibly SP)
    RCO explaining his word blindness whilst co. secretary at RFC(ia)

  • sixtaeseven: No NewClub in SPL and it’s Non-Negotiable!

    What are the chances Green will still be around once the CVA is kicked out and Hector steps in with BDO?

    Very slim, I would think.
    As will be their chances of having a NewClub in place for the start of next season,

  • estorilbhoy

    Fantasma is Neil Lennon on 11 June, 2012 at 13:58 said:

    I believe ( and others on here may wish to confirm ) that if CVA is agreed it will include any outcome from the BTC as the CVA is for all debt outstanding including the BTC pending outcome of the appeal.

  • Kojo

    Sir Paul,

    Howdya like THIS Scenario, fur a ScreenPlay?

    ” If Ah wur King.. Part 4.”

    Ah wid Command,HMRC, tae… Fire…

    Dimwit, Dunderheid and Dumbo..

    and bring in thur Air Liquidators.. the Infamous..

    Bodo , Frodo and Kojo..

    who wid Seize the Ibrox Goodies..
    The Stadium, The Albion Dug Kennels, The Training Grun.. Sundry,
    Intellectual Property, Uncle Tom Cobley and the Ubiquitouus , Union Jacks,,,
    Turn aroon Three Times.. and Cross thur Heart.. and
    Sell
    the Whole Caboodle tae the Hightest Bidder.

    Who wid turn oot tae be.. None ither ..

    Than,

    Tae , Da!

    Fergus Mc Cann!

    Who, wid..turn aroon…

    Bless Himsel.. Three Times!

    and

    Wind -up The Company!
    Bring in the Bull Dozers..
    and

    Fur the First Time ….In Living. and Unliving .. Memory..
    There wid be a

    Level Playing Field. at . Ibrox!!!

    Fergus, wud Gladly Tak a Loss oan his Investment, and
    Celtic F.C. and it’s Fans..

    Wid Live Happily Evah. After!

    Far Fetched?

    No, if ye Believe in Fairy Tales… Like the G.A Fans.
    Obviously, Dae, Dae!!!

    Kojo
    Still, Laughin’

  • Art of War

    Any truth in the rumour that David Cameron’s security team were from Special Brunch?

    hat,coat…>>>>>>>>>>>

  • tomthelennytim

    Disrepute, datrepute – all built on the big hoose of ill-repute.

  • Dontbrattbakkinanger

    ‘Davy Dodds expanding on the other tax ‘minimisation’ schemes he was offered’
    -The elephant in the room?

  • TheGreenManalishi(WithTheTwoProngedCrown)

    tomthelennytim on 11 June, 2012 at 13:47 said:

    Sounds good, a few of the lads are meeting up in the Harp for the Ireland game. if that is a bit far out we can do city centre, let me know what you think.
    PS My money’s on Hector

    HH

  • Son of Gabriel

    Three days…

    Three days…

    Its 22nd of December.

    I’m choosing to ignore the ramifications of what could happen next, if only for the small shreds of sanity that remain with me.

  • philvisreturns

    Snake Plissken – They also are far from perfect but there are people in 3rd world countries with better life expectancy than Scotland – shameful under the British system.

    Interesting point, Snake.

    However, what determines life expectancy in Scotland? You seem to be suggesting it’s the fault of the British system.

    How about public spending? We have one of the most lavishly funded state-run healthcare systems in the world, employing well over a million people.

    Genetics? Maybe.

    Lifestyle choices? We might be on to something here….

    Where would you rather live – Scotland or Norway?

    I’d rather live in Scotland, but that’s because I’m not Norwegian and I disapprove of countries where alcohol is expensive.

    However, given the choice, I wouldn’t (and don’t) live in either.

    Take this up another time pal.

    To be continued…

    (thumbsup)

  • leftclicktic

    Paul
    Do you think think we as a club have more than one plan of action to respond to whatever they decide.
    HAIL HAIL

  • ASonOfDan

    Paul67

    I never usually disagree with you, but if the SPL lose rangers the last thing they will want to do is antagonise Celtic. It is becoming clearer by the day that the fans of the other SPL clubs have had a major impact on their chairman’s thinking.

    ‘Attempt to purchase the assets of the business’

    Hector says No with BDO!

  • Glendalystonsils likes a mr whippy with his lime green jelly

    Apparently R@ngers are getting set to sign hunners of international class players while we are missing out on target after target and getting set to lose some of our key players. Then a revitalised R@ngers will waltz back into the SPL, take the league title back to it’s rightful home then go on to win the Champions league. Then Hansel and Gretel will discover a gingerbread house in the woods while a wee boy called Jack will grow a giant beanstalk and climb up it to find a giant at the top. Then a girl called Cinderella will lose a glass slipper at a ball but a handsome prince………blah,blah,blah……….
    Why bother reading the Scottish rags when I can just go and flick through some of the weans bedtime story books.

  • your in my heart

    Hi ghuys remember with all this talk about season books, the first instalment comes out of your accounts on friday. I believe this is when Celtic’s transfer targets are then welcomed usually after the money is in the bank to pay for the players. Like most people do Celtic buy when they can afford to and keep their accounts manageable. Will it ever catch on I wonder.

  • Ten Men Won The League

    I very much doubt after Thursdays vote, Green will have anything to do with Rangers

  • Headtheball

    IMO, if Chequebook Charlie forms a new club it will be accepted into the SPL by the other clubs but they will insist on quite strong sanctions being imposed.
    I believe it’s a win win win situation for them because:

    They won’t lose any TV money and may in fact gain some.
    They will still benefit (financially) from the visit of Rangers fans.
    They will have a better chance of winning something or finishing higher in the league as Rangers will be subject to a large points penalty, possibly for 3 seasons.
    And, as Paul67 suggests, they may even keep a bigger share of Celtic’s home receipts.

    What’s not to like? (for them, that is)

    A new club will also make life easier for the SPL/SFA as all the past misdeeds of Rangers can be quietly forgotten.

  • celtic *o* lennon

    Apologies if already posted:

    ‘Charles Green has admitted he plans to spend less than a year at Rangers.

    Green is heading a consortium in place to buy the Ibrox club and will find out whether his offer to creditors is sufficient on Thursday.

    Rangers director Dave King has accused Green of lacking the funding to take the club forward beyond then and predicted he would not last a season in charge.

    Green denied the first accusation but admits he sees turning round Rangers as a relatively short-term task.

    The former Sheffield United chief executive told the Daily Record: “Dave King said he didn’t think I’d still be here in a year’s time and do you know what? He’s right.

    “It isn’t my intention to be here longer than that.

    “If nothing much is added to what I can see on the table at the moment I believe I can get over all the hurdles in a year.

    “I’d be very disappointed if I am not out of the club quickly.”

    Green revealed the personal benefits he anticipates from turning around the club.

    “I’ll be getting £2million in shares, not cash,” he said.

    Green’s group have pledged £8.5million for creditors, the vast majority of which is due to be repaid with interest from the club by 2020.

    Rangers currently owe Her Majesty’s Revenue and Customs more than £21million and that figure could more than quadruple depending on the outcome of a tax tribunal.

    Green has urged fans to exert political pressure to ensure the tax authority accepts the reduced payments on offer.

    “Fans should be urging their politicians to apply some pressure so that the CVA is accepted,” he said.

    Green also insisted the funding from his investors, only two of whom have been named, was in place and he would not be able to use season-ticket money to fund his deal.

    “The first-phase funding, £10million, is all there,” he said.

    “Yes, I will raise £20million more and I say that well aware of just how difficult it is to raise money these days.”

    Especially liked this bit:

    Green has urged fans to exert political pressure to ensure the tax authority accepts the reduced payments on offer.

    “Fans should be urging their politicians to apply some pressure so that the CVA is accepted,” he said.

    Who does this guy think he is? Is the above a call to arms for the orcs to start a new round of intimidation?

  • starryhope

    I reckon that Peter Lawell should have a quiet word with the other SPL Chief Execs saying that if they vote Zombie FC into the SPL then don’t bother offering us any tickets for games at your grounds as we won’t take them and we’ll encourage our fans not to buy them but we would encourage our fans to pack the grounds of the teams whose boards voted no to Zombie FC.
    Thoughts?

    Starryhope

  • ASonOfDan

    Kayal33 14:00

    Brilliant! I would love to see that happen and get it right up the likes of the Killie Chairman.

  • ASonOfDan

    celtic *o* lennon

    As I posted earlier today, Green stated a few weeks back HMRC had told him(unofficially) the CVA was accepted. Now he is asking the bares to put political pressure on HMRC to have the CVA accepted.

    He is a total jackanory.

  • greenjedi

    I’d imagine that if the CVa is kicked out and BDO are appointed as liquidators then Green, TBKs and who knows who else will all form their own version of the huns and apply for the SPL spot.

    and if that happens, an auction for Ibrox could raise a good bit as their teams would all need somewhere to play and whoever has ipox must surely have the upper hand!

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