Fantasy CVA and Sir David, was this worth the cash?

456

Amid the sea of angst, from some, at Rangers punishment, some perspective is required.  Ban any other SPL club from signing players for 12 months and fine them £160k and they will be modesty inconvenienced.

Most clubs only add one or two key players (all going well) to their squad each season and a fine of less than half a percentage point of turnover is hardly punishment at all.  Some clubs currently owed money by Rangers could have a de facto ban on transfers as a result – and they’ve done nothing wrong.

For bringing the game into disrepute and breaking a myriad of rules, this is a mild censure.

This only becomes problematic if the club is not paying its bills.  Pay your bills, or at the very least, agree a deal with creditors to forgive a portion of debts, and Rangers will be able to retain their current staff and could continue to perform strongly in next season’s Scottish Premier League.

The fantasy that this is a possibility is still being entertained by Duff and Phelps so I see no reason why the rest of us should not point out the inconvenient irony of their position.

The SFA must impose a financial and sporting penalty for bringing the game into disrepute, in this, they have no choice whatsoever.  The penalty must be substantial and act as a deterrent against criminal or disreputable elements becoming involved in Scottish football in future.  Pay your bills or conjure up the mythical CVA and you’ll cope just fine.

One additional point on the financial penalty.  £160k is less than 1% of the debt Sir David Murray was released from when he failed to sufficiently investigate the suitability of Craig Whyte as an owner of Rangers – despite the warnings from others around the Rangers boardroom table.

In light of his failure to take heed of warnings from the then Rangers chairman and his connected financial gain, perhaps Sir David would offer to pay Rangers fine?  £18m, David.  Don’t tell me that’s enough money to drown out Alastair Johnston’s warning and any feelings of remorse.  Paying the fine is the least you owe Rangers fans.

Was it worth it?

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  1. I think I posted this before but I can’t see it. Perfect for Cowboy Bill—“Buddy Can You Spare A Dime”.

  2. tomthelennytim on 24 April, 2012 at 15:01 said:

     

    Origin RM – Robbed from KDS;

     

     

    Your making that up come on surely they could not be that supid.There fecking deed anyway

  3. Turning point of season was the Rennes games. We never looked back after those two as the team finally realised they were good players.

  4. Glendalystonsils likes a mr whippy with his lime green jelly on

    Did I read the following news item or did I just dream it? If I dreamt it what was the significance of it ?

     

     

    Faded and washed up B list “celebrity” Sengrra Fica was arrested for drunk and reckless driving today. She careered out of control and crashed, causing untold damage and destruction. When cautioned she replied ” You can’t do that to me. Don’t you know who I am? It’s all Neli Nonnels’ fault!”

  5. To all those defending John MacMillan, and saying he is a decent guy. He is not, let’s not kid ourselves on. Probably perfectly civil to your face, but behind your back he is a snake, with a superiority complex.

     

     

    Look at Alistair Johnstone and his “no surrender” comments, McCoist with his “we don’t do walking away”, Smith with his “protestant superiority complex”. Everything is about pandering to the hordes.

     

     

    MacMillan is a typical bowling club hun, no doubt he has plenty of catholic and timmie leaning friends, but deep down thinks we are beneath him. His comments on Neil Lennon show him up for what he is, a bigot. As if everything happening to them at the moment isn’t bad enough, that uppity taig Lennon has to be in charge as well, and it’s no fair so it isnae.

     

     

    Let them die, they deserve nothing better.

  6. I was looking at songs for Sunday based on Hello Hello etc, I pulled up ‘Hello’ by The Beloved. Actual words with no changes from me below – spooky!

     

     

    consider, if you will

     

    this great big question, unanswered still

     

    oh, can you spot the difference that lies between

     

    the colour blue and the colour green?

     

     

    sometimes i feel we must be going mad

     

     

    little richard, little nell

     

    willy wonka and william tell

     

    salman rushdie and kym mazelle

     

    hello, hello, hello, hello…

     

     

    so welcome to the team

     

    oh, have you worked it out yet?

     

    yeah – the riddle, i mean

     

    what’s the answer?

     

    it’s plain to see – blue is blue and it always will be

     

     

    sometimes i feel that the whole world’s going mad

  7. jude2005 is Neil Lennon \o/ on

    Off for a wee Siesta now. Mon the Barca do the London huns good tonight!! A nice wee 4 nil wd suffice!!

     

     

    HaiL HaiL

  8. Song for Sunday. Get this blasting before the match!

     

     

    On a warm summer’s eve

     

    On a train bound for nowhere

     

    I met up with the gambler

     

    We were both too tired to sleep

     

    So we took turns a-starin’

     

    Out the window at the darkness

     

    The boredom overtook us, and he began to speak

     

     

    He said, “Son, I’ve made my life

     

    Out of readin’ people’s faces

     

    Knowin’ what the cards were

     

    By the way they held their eyes

     

    So if you don’t mind my sayin’

     

    I can see you’re out of aces

     

    For a taste of your whiskey

     

    I’ll give you some advice”

     

     

    So I handed him my bottle

     

    And he drank down my last swallow

     

    Then he bummed a cigarette

     

    And asked me for a light

     

    And the night got deathly quiet

     

    And his faced lost all expression

     

    He said, “If you’re gonna play the game, boy

     

    You gotta learn to play it right

     

     

    You’ve got to know when to hold ’em

     

    Know when to fold ’em

     

    Know when to walk away

     

    Know when to run

     

    You never count your money

     

    When you’re sittin’ at the table

     

    There’ll be time enough for countin’

     

    When the dealin’s done

     

     

    Now every gambler knows the secret to survivin’

     

    Is knowin’ what to throw away

     

    And knowin’ what to keep

     

    ‘Cause every hand’s a winner

     

    And every hand’s a loser

     

    And the best that you can hope for

     

    Is to die in your sleep”

     

     

    So when he finished speakin’

     

    He turned back for the window

     

    Crushed out his cigarette

     

    And faded off to sleep then somewhere in the darkness

     

    The gambler he broke even,

     

    but in his final words

     

    I found an ace that I could keep

     

     

    You’ve got to know when to hold ’em

     

    Know when to fold ’em

     

    Know when to walk away

     

    know when to run

     

    You never count your money

     

    When you’re sittin’ at the table

     

    There’ll be time enough for countin’

     

    When the dealin’s done

     

     

    You’ve got to know when to hold ’em

     

    (When to hold ’em)

     

    Know when to fold ’em

     

    (When to fold ’em)

     

    Know when to walk away

     

    know when to run

     

    You never count your money

     

    When you’re sittin’ at the table

     

    There’ll be time enough for countin’

     

    When the dealin’s done

     

     

    You’ve got to know when to hold ’em

     

    Know when to fold ’em

     

    Know when to walk away

     

    know when to run

     

    You never count your money

     

    When you’re sittin’ at the table

     

    There’ll be time enough for countin’

     

    When the dealin’s done

     

     

    LB

  9. Jelly And Gelato on 24 April, 2012 at 14:32

     

     

    Holy WTF batman.

     

     

    No offence to all you guys that say McMillan is a decent guy.

     

     

    But i’m an ordinary guy like most on here, but If I held the position like JM does and if the FIRST thing I said when asked what do I think about the verdict and said ‘NL only got a 2match ban and NL didn’t get anything for his comments at Ibrox (when it was FECKIN PROVED he was lied to, AGAIN) and I remotely thought that ‘yep, this is much the same thing as we’ve been doing, yet look what we got’!

     

     

    I would in all honesty goto the cop shop and asked to be locked up. I’m obviously a danger to myself and others. No sane person can think like this, far less say these things on national radio.

     

     

    Like JF said earlier, it’s jaw droppingly, mind numbingly out of this world bonkers. Is there NO ONE from these people with a brain? Can ANYONE please just say ‘for the love of God, would you all just stop talking pash and realise it’s US US US US who are to blame!!’

     

     

    In a perverse way i’m possibly feeling a tad sorry for these people as it must be terrible to lose the ONLY thing they hold dear. They can’t have anything else in their sorry, sad pathetic lives. That’s the only possible reason why they’re doing/saying these ridiculous things.

     

     

    I mean, these are grown men we’re talking about, The Blue Knights, The head of Hun supporters etc. GROWN men.

     

     

    Jeeeeeeeeeeeeeeesus H god dancing Christ. (copyrite J Belushi)

     

     

    brimmer

  10. Another statement from D&P. I will shorten it for you.

     

     

    “We are appealing because what has happened isn’t fair to Rangers or Scottish Football”

     

     

    Yes that is it. That is their reason for appealing, it isn’t fair.

     

     

    Good luck with that appeal….a QC heads the panel would love to hear you try to distance the club from Corporate Responsibility.

     

     

    Stupid huns…..

  11. jude2005 is Neil Lennon \o/ on

    bsr

     

     

    That quid thing has now hit all corners of the earth!!

     

     

    BRILLLLLLLLLLLLLLLLLLLLLL

  12. row z \o/ (O) enough fly kicks, pass me the hose! on

    Kittoch

     

     

    you missed out:

     

     

    conspiring to have bombs sent to you

     

     

    encouraging the sending of bombs to others

     

     

    conspiring to be assaulted from behind

     

     

    conspiring to bring fear and alarm to your family

     

     

    wasting police time by being moved regularly at night

     

     

    and well just conspiring in general………………………

     

     

    HH

  13. This is simply appalling from the administrators:

     

     

    “We are unsure as to whether the judicial panel fully understood or considered the commercial impact upon both the Club and Scottish Football of these measures, nor are we satisfied at this stage as to whether these sanctions are indeed lawful. Clearly time is running out to achieve a sale of the business or a CVA and the Club can ill afford further legal arguments. Accordingly, we are urging both football authorities to adopt a more pragmatic approach to sanctions to ensure that the administration of Rangers Football Club can be brought to a conclusion at the earliest possible date for the good of not only the Club but also for Scottish football generally.

     

     

    To summarise – we are too big to fail so you cannot punish us. You cannot apply the rules because we are too big.

     

     

    That’s the defence…. not that the penalty is inappropriate.

     

     

    Also has anyone noticed the new co dilemma for Rangers fans:

     

    ‘A new co is not the old co so we don’t have to pay it’s debts’

     

    ‘The new co is the old co so we can keep our history’

     

    ‘The new co is not the old co so why should the sins of the old co apply to the new co’

     

    ‘The new co is the old co so we should stay in the SPL’

     

     

    Which is it? I for one am completely confused.

     

     

    B

  14. latest statement from Duff & Duffer

     

     

    Duff and Phelps, the administrators of Rangers Football Club, issued the following statement today.

     

     

    David Whitehouse, joint administrator, said: “We have today written to the Chief Executive of the Scottish Football Association requesting an immediate expedited appeals process over the sanctions imposed on Rangers by the Association’s judicial panel last night.

     

     

    “The decision of last night’s judicial panel is in our opinion quite extraordinary. Not only in our opinion do the panel fail to have properly apportioned culpability between the Club and Craig Whyte, they appear to have rendered a penalty which could have a very detrimental effect on the ability of the administrators to achieve a sale of the business or a Company Voluntary Arrangement. This, in turn, cannot be in the interests of Rangers Football Club or Scottish football in general.

     

     

     

     

    “The football authorities are fully aware that we are in the throes of an extremely complex insolvency situation. There has been widespread support across the political spectrum and in the football world for Rangers to be saved as a club and a viable business, last night’s decision can only hinder rather than help.

     

     

    “The decision to prohibit the Club from signing new players is akin to a court ordering the administrator of a trading company not to buy stock. The principal operating and trading asset of a football club are its players and an inability to sign new players frustrates both the ability of the company to trade and the statutory objectives of administration.

     

     

    “It is extremely disappointing that approximately three weeks ago purchasers were at the point of confirming unconditional offers which would have achieved the purpose of administration. This process was first delayed by the announcements of the SPL to implement the rule changes to be considered on 30th April, and has now been further hampered by the sanctions imposed last night.

     

     

    “We are unsure as to whether the judicial panel fully understood or considered the commercial impact upon both the Club and Scottish Football of these measures, nor are we satisfied at this stage as to whether these sanctions are indeed lawful. Clearly time is running out to achieve a sale of the business or a CVA and the Club can ill afford further legal arguments. Accordingly, we are urging both football authorities to adopt a more pragmatic approach to sanctions to ensure that the administration of Rangers Football Club can be brought to a conclusion at the earliest possible date for the good of not only the Club but also for Scottish football generally.

     

     

    “We would then encourage the footballing authorities to introduce a framework so as to provide clarity in circumstances such as these going forward, rather than allowing arbitrary measures to be introduced on an ad-hoc basis which clearly impede a process of administration.

     

     

    “We are sure the authorities recognise that any potential purchaser or investor in a football club must have clarity in relation to its future playing capabilities and revenue potential. By failing to provide clarity in relation to pragmatic and commercially sensible penalties the authorities are by default prejudicing the survival of one of the clubs whose existence is key to the well being of Scottish football.

     

     

    “We will continue to work tirelessly over the next couple of days to attempt to secure the comfort from the football authorities as to the level of future sanctions which will be raised, so as to enable one of the bidders to proceed with an acquisition of Rangers Football Club Plc without further delay.”

  15. Ninety Nine by Sonny Boy Williamson. To quote “My baby wants a hundred dollars but I’ve only got ninety nine.

  16. tomthelennytim on

    Bhoys I didn’t make that up. Wouldn’t surprise me if it was a Tim undercover though, it’s ludicrous.

  17. So their supporters groups are today saying ‘its Lennon’s fault’ and their administrator is saying ‘its no fair’.

  18. An Anither ,Ither… thing..

     

     

    The G.A. are mair than Liable. tae Receive Pre Match Instructions fae thur Coaching Staff..

     

     

    To Target . Specific Celtic Players..and Purposely..

     

    take them.. “OUT”!…. in Sunday’s Match.

     

     

    The most recent Case of THAT kinda Happenstance.. well… being .. the Case..

     

    Was in The Under Nine Teens Glasgow Charity Cup Final..of

     

    a few Day past.

     

     

    When,During, Which.. Celtic’s ..Paul George. was. Taken “Out”, Expertly, and Most Cruelly, by a G.A. Player,by the Means of a Highly Illegal

     

    Tackle, from Behind…

     

     

    And as a Result of that Vicious Tackle, Paul, was not only Taken..”OUT” .. he suffered a Horrendous Cruciate Injury.. Which Can be .. a Career Ending one..

     

     

    We Have ,as a result of That Example of..

     

    “Mischief Grievous”… oan the Part of The G.A.

     

     

    We have loast the Services of one of Our Best Youngsters, for .Months and Months.

     

     

    And Do Ah hiv tae Remind ,You, my dear Reader..

     

    of a Similar Incident…which also occurred..in a Past Game, versus the G.A.

     

     

    When.. Oan Suspicion of Acting oan Instructions, from the Bench…

     

    MCCulloch.. Took. “OUT”.. Expertly, and Professionally.. HIs Celtic Target,au Jour.. Namely, Mr. Kayal…

     

    With a Vicious, Come from Behind Tackle..and

     

    Consequently, Inflicting oan oor Player a Serious Bone Breaking Injury.. Which Guaranteed , that we would Lose the services of One of Our Better Player, for the rest of the Season.

     

     

     

    Yep.

     

     

    If Ah wur King..

     

     

    There is No Way Ah wid Play any of Oor Valuable Up and Coming Youngsters, during, this Upcoming Game Agin Oor Rivals.

     

     

    Discretion.. Beats .. Valour… Any Day!! ..

     

     

    and

     

     

    In this Case..

     

     

    TWICE OAN A SUNDAY!

     

     

    Kojo

     

    Still, Laughin’… Gaily!!

     

     

    Gaily?

     

     

    Why , No??

  19. Celtic Soul Brother- Supporting Kano 1000 on

    hebcelt on 24 April, 2012 at 15:00 said:

     

    Celticsoulbrother now you are just showing off!!! All the best .Hail Hail

     

     

    Hope you are well-I’ve got a list of 80 + songs-was trying not too show off too much!

  20. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    It would seem that the SPL released their rule change proposals at the behest of Duff & Phelps.

     

     

    I think Celtic won the last ever SPL.

     

     

    Hail Hail

  21. traditionalist88 on

    They’ve been singing for years about building their gallows, be careful what you wish for eh!

     

     

    HH

  22. row z \o/ (O) enough fly kicks, pass me the hose! on

    Camel

     

     

    I can see your big hoose from here…………….. and it’s shut!!!!!!!!!!!!!!!!

     

     

    HH

  23. Just listened to John Beattie’s show – wow! Liked the way they cut him off and Beattie’s remark of “Let’s get some level headed-ness in here”.

     

     

    As for Duff & Phelps latest outburst, it’s parallel universe those boys live in; we should exempt from the rules because we’ve put ourselves into a financial abyss. As defence’s go it’s certainly a new one.

  24. Celtic_to_the_core on

    In the D&P statement, they state the decision “cannot be in the interests of Rangers Football Club”. Eh, hello……the decision by Rangers not to pay the money they owe to HMRC and the other creditors is not in those creditors interests. Do the creditors and the rules and regulations of Scottish football exist just to benefit Rangers. I think not. So good luck with the appeal…….NOT!

     

     

    Re songs for Sunday how about “oh the Rangers are dead……”

     

    Lets sink the boot in. Our day has come.

     

    HH

     

    CTTC

  25. In ‘East end’ talk from Diddy an Fud piece.

     

     

    ‘Here you SFA bottons, we’re tryin tae shift this gear and your makin it harder fur us. Gonna f##k off and dig sumday else up. We’ve been here fur ages and don’t need you snoopin aboot. We’ll be up tae see yeez next week fura wee chin wag an get this soarted, knowitamean inat’

     

     

    Stupid stupid Huns

     

     

    brimmer

  26. A new phrase has entered the lexicon.

     

    It is The Mc.Millan Test.

     

     

    When assessing a neighbour, colleague, bro in law, or any other rfcia contact,ask yourself, would he pass T.M.T.

     

     

    You will find that none of them do.

     

     

    It is a mask that they wear, and sooner or later,it slips to reveal the ugly side of their nature.

     

     

    It is illogical to think otherwise.

     

     

    They support,through their own free will, an immoral, evil organisation.

  27. In the D&P statement, they state the decision “cannot be in the interests of Rangers Football Club”.

     

     

    Is charging nearly £2m for 2 months work in the best interests of RFC?

     

     

    Pot calling kettle

  28. Just when you think it cant get any better Laurel and Hardy Admin come out with another statement, dearie me and these guys are supposed to be pros

     

    I think our work is done fellas, if ever a gang was intent on imploding its thems,

     

    right to the last minute they are making an a*** of themselves

     

     

    Impartial…well that’s right up there with the Legned banner.

     

    Comedy Gold.

  29. Wise word from Kojo re Sunday in the last 2 posts. Be careful in the build up as well and lets up we’re still laughin come Monday morning.

     

     

     

    HH

  30. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    JAMES FORREST

     

     

    Defining moment for me was……

     

     

    A goal down early doors against Rennes. Ref giving us eff-all.

     

     

    Samaras gets decked down beside the corner flag,our half,where the Jungle and the rangers end met-I still canny remember which stand is which-and just gets up,looks around,and takes the game by the scruff of the neck.

     

     

    We’ve all been there.

     

     

    That moment when you just say….

     

     

    Sod it,youse are getting it (erm,excuse Kilwinning dialect,but you get the drift!)

  31. traditionalist88 on 24 April, 2012 at 15:20 said:

     

     

    The gallows job has been moth balled,

     

     

    apparently someone forgot to pay the joiners

  32. Just catching up as travelling all day. I hear the anguish of the govan teams supporters about the SFA penalties. It could have been worse ; the SFA could have went for the nuclear option and deployed neutral referees as one of the penalties!

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