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. The administrators are calling on the football authorities to ‘provide clarity’. There’s a laugh!

     

     

    The penalties seem clear enough to me…accept them and move on.

     

     

    When’s the latest final deadline by the way?

  2. lucky cody on 24 April, 2012 at 15:26 said:

     

    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!

     

     

     

     

    brilliant

  3. Kilbowie Kelt on

    As he walks along the Copland Road

     

    With an independent air

     

    You can hear the Huns declare

     

    “He must be a Billionaire.”

     

    You can hear them sigh & wish to die

     

    As the Peepul’s champion passes by…..

     

    ‘ He’s the man that put the ‘quid’ in LIQUIDATION,’

  4. The administrators of Rangers have said the Scottish Football Association’s decision to fine the club and ban it from registering players for a year could have a “very detrimental effect” on its sale.

     

     

    American businessman Bill Miller and the Blue Knights consortium, led by former Rangers board member Paul Murray, are in the running to take over the reins at Ibrox.

     

     

    But the administrators now fear the SFA’s “extraordinary” punishment of the club could result in Rangers struggling to achieve a company voluntary arrangement, meaning liquidation is now a real possibility.

     

     

    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.

     

     

    The statement added: “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.

     

     

    It added: “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.”

     

     

    It added: “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.”

  5. playfusbal4dguilders on

    Kayal33 on 24 April, 2012 at 15:17 said:

     

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

     

     

    Surely they are say ” A wee boy with googly eyes did it and ran away…….?”

     

     

    p

  6. Is it not a case of D&P trying to milk this for as long as they can, whilst giving the impression that they have the total interests of the club at heart and are doing their utmost and therefore hoping to escape the dire consequences of any blame?

  7. Sheik Yerbouti on 24 April, 2012 at 15:28 said:

     

    lucky cody on 24 April, 2012 at 15:26 said:

     

     

    “Non Impartial Referees”

  8. Let’s be very clear on this. The penalties do not go as far as they should have.

     

     

    They have been let off by a complicit SFA who would have done no more than censure them on all counts had UEFA not been looking in.

  9. Kilbowie Kelt on 24 April, 2012 at 15:28 said:

     

    As he walks along the Copland Road

     

    With an independent air

     

    You can hear the Huns declare

     

    “He must be a Billionaire.”

     

    You can hear them sigh & wish to die

     

    As the Peepul’s champion passes by…..

     

    ‘ He’s the man that put the ‘quid’ in LIQUIDATION,

     

     

    BRILLIANT

  10. Ma dear, dear, dear friend…

     

     

    Kojo

     

     

    Pally

     

     

    Ah huv bin readin’ yer observations, calumnations, and sometimes…

     

     

    DEGRADATIONS

     

     

    fur a guid lang while noo.

     

     

    Howevah, and moving swiftly, alang, ah feel ah must ask, oan this occasion, fur an

     

     

    EXPLANATION

     

     

    o’ wan o yer, ,Mair frequently used

     

     

    ABBREVIATIONS.

     

     

    Ah feel ah must ask, pally, fur, if ye wull excuse, the

     

     

    OBSERVATION

     

     

    ye dae refer, quite alot these days, tae, the “G.A”.

     

     

    Noo, ah um no daft. Well, ah um, bit mibbes ah’m no’ THAT DAFT. No’ tae know thit. By “G.A”, ye refer, as sure as onions is clabby doos, tae oor enemy.

     

     

    Howevuh. Ah imperintently ask noo, pal’o mine, fur whit does “GA” staun’?

     

     

    Noo, just so as you ar no’…flummoxed, or perplexed or just downright CONFUSED, by ma gracious request.

     

     

    Ah mean by “staun fur” in terms o’ the aplhabetical meaning. O’ the term “GA” and no’ yer ain

     

     

    ESTIMATION

     

     

    o’ the mob.

     

     

    Ah hope,, ye dinnae, think this, downright, WELL, impertinent o’ me.

     

     

    Pally.

     

     

    whit ye laffin’ it, by the way?

  11. Just read the statement on SSN by that plonker Dingleberry;

     

     

    Mark Dingwall, of the Rangers Supporters Trust, foamed at Sky News that the SFA should have blocked Craig Whyte’s takeover of Rangers in the first place.

     

    He said: “Rangers Football Club and Rangers fans are the victims of Craig Whyte’s behaviour.

     

    “We’re supposed to pick up the bill and live with his legacy but the SFA, who are supposed to govern the game in Scotland, they bottled it from Craig Whyte when they said they couldn’t enforce the fit and proper person rule because Craig Whyte’s lawyers wouldn’t co-operate with them. I think that should be a red flag to anybody.

     

    “The SFA have been negligent in this and the view of most fans is that in their behaviour and in this sentencing they’ve shown themselves to be both corrupt and biased.”

     

     

    Now unless I missed something, it’s not the SFA who have sold Snake Mountain up the swanee river, they have merely applied the rules and sanctions for breaking them. It’s their coma ward of moribund pet journalists who have failed them. If even one of them had woken up from their dribbling reverie to fumble at their computer they could have been in a much better position by this point. It is here that the verité lies. And they all deserve everything, sharp, pointy or blunt and heavy rapidly changing course and diverting to collide with their weeping flabby forms.

     

     

    Swiss

  12. D&Ps statement is brilliant! It isn’t fair. The punishment is too harsh. It makes our job more difficult.

     

     

    Nowhere do they actually say that they should have been found not guilty or that they don’t deserve punishment. It’s just that they wanted a slap on the wrists rather than anything real.

     

     

    They actually think everyone should be helping them. Never mind that this is all because of their rule-breaking and cheating. How dare anyone do anything that isn’t in the best interests of Rangers?

     

     

    Much as I am loving the death by a thousand cuts of administraion I am really looking forward to the killing blow of liquidation being struck.

  13. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    The comment by McMillan on national radio should be replaed time and time again.

     

     

    Nationally.

     

     

    On every news bulletin,every sports broadcast,on every TV and radio station.

     

     

    It might bring home to the chattering classes that Neil HAS NEVER brought it all on himself.

     

     

    It might bring home to them the irrational hatred-which they have helped to foster-which he has had to endure.

     

     

    No doubt it will be deleted,removed from YOUTUBE for copyright reasons,etc.

     

     

    And I say the above with due deference to ST STIVS,who knows the fella personally.

  14. Build my gallows is like a synonym for a death cult, a twisted platform for martyrs- you give them even a symbolic death & they recoil in horror.

  15. The distressing thing about the things being written by the Rankers(IA) follow followers, is that they are the ones that can write!!

  16. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    There was an old woman who swallowed a fly,

     

    I don’t know why she swallowed a fly,

     

    Perhaps she’ll die.

     

     

    There was an old woman who swallowed a spider,

     

    That wriggled and jiggled and tickled inside her,

     

    She swallowed the spider to catch the fly,

     

    I don’t know why she swallowed the fly,

     

    Perhaps she’ll die.

     

     

    There was an old woman who swallowed a bird,

     

    How absurd! to swallow a bird,

     

    She swallowed the bird to catch the spider,

     

    That wriggled and jiggled and tickled inside her,

     

    She swallowed the spider to catch the fly,

     

    I don’t know why she swallowed the fly,

     

    Perhaps she’ll die.

     

     

    There was an old woman who swallowed a cat,

     

    Imagine that! to swallow a cat… etc.

     

    There was an old woman who swallowed a dog,

     

    What a hog! to swallow a dog… etc.

     

    There was an old woman who swallowed a goat,

     

    Just opened her throat! to swallow a goat… etc.

     

    There was an old woman who swallowed a cow,

     

    I don’t know how she swallowed a cow!… etc.

     

    There was an old woman who swallowed a horse,

     

    She’s dead—of course …. along with the concept of civilised Scotland

     

     

    Hail Hail

  17. I wonder if this afternoon’s news, when it comes, will make Rangers look back on last night as the calm before the storm…

  18. Jelly And Gelato on

    Serge on 24 April, 2012 at 15:01 said:

     

    Evanescence – Going Under

     

     

    Excellent choice! Very appropriate lyrics and hordes of angry zombies in the video.

  19. Steinreignedsupreme on

    Is this news?

     

     

    From the wires – I hadn’t heard this before, not sure if anyone else on here has?

     

     

    WHAT ARE THE OTHER OBSTACLES TO A SALE?

     

     

    As well as football sanctions, there are three main issues facing the administrators and potential buyers.

     

     

    “Rangers owe Her Majesty’s Revenue and Customs more than £14million in annual tax payments plus about £4million relating to payments made to Ronald de Boer and Tore Andre Flo around the turn of the century.”

  20. Swiss Tony on 24 April, 2012 at 15:35 said:

     

    Just read the statement on SSN by that plonker Dingleberry;

     

     

    Agree with your comments but you could have added that D&P and the Rankers Fighting Fund have to shoulder some blame as well.

     

     

    Part of the judgement is because Dundee Utd were not paid cup-tie money. This was on D&P watch not Our Hero’s. The rff paid Dunfermline money owed (remember all that crap about a club of honour-hand shakes and rolled up trousers more like) but refused to pay Dundee United .(Formerly Dundee Hibernian does that have any relevance?) D&P paid some but not all of it.

     

     

    Pay your bills!

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

    Breaching Rule 14 – g Having an Insolvency Event

     

    (RFC found guilty and fined £50k)

     

     

    The SFA Disciplinary Rule Book States 4 levels of sanction (bear in mind that the section14 has multiple sub-sections of which 14 g is only one and so the 4 sanction approach covers all eventualities of 14:

     

     

    Sanctions available

     

     

    Lower end = fine = £1k

     

     

    Mid-range = fine = £5k

     

     

    Top end = fine = £10k

     

     

    Maximum = fine AND Termination of Membership = £50k + termination

     

     

    RFC received £50k fine only

     

     

    We must assume therefore that in their judgement causing the greatest insolvency event ever in Scottish Football and all its concomitant effects was rated as somewhere BETWEEN the TOP END and the MAXIMUM. That looks like a very slim place to me?

     

     

    Q1. Should the correct sanction not have INCLUDED membership termination?

     

     

    Discuss

     

     

    HH

  22. johann murdoch on

    I would have thought that the SFA judicial decision gives D&P the perfect get out of jail card for them to wrap things up,collect their fees ,padlock the gates and head out of town blaming the big bad ole SFA for the final nail in the coffin of RFCia and preventing D&P the ability to move the “sale” process further,which allegedly they were unable do so anyway as the cash was running out fast coupled with the complete lack of unconditional bidders..I think their statement is a false and final bluster before they “adios amigos”…HH

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

    Breaching Rule 2 – Each member shall procure that its officials, its Team Staff

     

    and its players act in accordance with Rule 1 (act in good faith and abide by the articles)

     

    (RFC found guilty and fined £10k)

     

     

    The SFA Disciplinary Rule Book States 4 levels of sanction:

     

     

    Sanctions available

     

     

    Lower end = fine = £500

     

     

    Mid-range = fine = £1k

     

     

    Top end = fine = £5k

     

     

    Maximum = fine AND 1 year suspension = £10k + suspension NOW

     

     

    RFC received £10k fine only

     

     

    We must assume therefore that in their judgement causing the greatest insolvency event ever in Scottish Football and all its concomitant effects was not seen as a breach of Trust or breach of the articles (mmmmmmmmmmm) by the member club but that certain employees/officials DID do this in some way, rated as somewhere BETWEEN the TOP END and the MAXIMUM. That looks like a very slim place to me?

     

     

    Q1. Should the correct sanction not have INCLUDED a year’s suspension?

     

     

    Discuss

     

     

    HH

  24. Let me get this right!

     

     

    It’s Neil’s fault he got death threats whilst captaining NI.

     

    It’s Neil’s fault for “Dougie,Dougie” gate.

     

    It’s Neil’s fault for FPLG’s snide comment.

     

    It’s Neil’s fault for the sectarian attack in Ashton Lane.

     

    It’s Neil’s fault for the sectarian attack at Tynecastle.

     

    It’s Neil’s fault for receiving bullets in the post.

     

    It’s Neil’s fault for the parcel bombs.

     

    It’s Neil’s fault for the ref’s strike.

     

    It’s Neil’s fault for the sacking of Manchester.

     

    It’s Neil’s fault for the famine song.

     

    It’s Neil’s fault for the anti-catholic marches.

     

    It’s Neil’s fault they owe £140 million+.

     

    It’s Neil’s fault they are in administration.

     

    It’s Neil’s fault they are close to death.

     

    It’s Neil’s fault he got sent to the media box(For nothing).

     

    It’s Neil’s fault for all the ‘honest mistakes’.

     

    It’s Neil’s fault for ref’s giving pens to one team and not to ours.

     

    It’s Neil’s fault that every team we play can boot us off the park yet our players make one tackle and they’re off.

     

     

    IT’S ALL YOUR FAULT NEIL.

     

     

    The only FAULT of Neil’s is he is a Northen Irish catholic in this hellhole of a country.

  25. Elton John has reworked his classic. Yellow Brick Road.

     

     

     

    So goodbye Copeland road

     

    Where the dogs of society howl

     

    You can’t plant me in your shoitehouse

     

    I’m going back to my plough.

     

     

    Back to the howling old owl in the woods

     

    Hunting the horny back toad

     

    Oh I’ve finally decided to liquidise

     

    Beyond the Copeland road

  26. Rangers’ administrators warn SFA sanctions could harm Scottish football

     

     

    YOU CANT DO THIS TO US WE ER TOO BIG

     

     

    GET TI FECK

  27. Lennon n Mc....Mjallby on

    You know it,

     

    You show it,

     

    That the time has come

     

    To shoot you down,

     

    What a sound

     

    And when the day is done

     

    And when it all works out,

     

    I’ve got to do it

     

    And you know

     

    You’ve always had it comin’

  28. TheOriginalSadiesBhoy on

    Paul

     

     

    You’re in indefatigable form today – 3 articles already. Will we get a fourth?

  29. TheOriginalSadiesBhoy on

    row z \o/ (O) enough fly kicks, pass me the hose! on 24 April, 2012 at 15:51 said:

     

     

    Remember that when a party appeals a punishment against them they might have that punishment increased. Perhaps the SFA in this case have left room for that to happen in order to give RFCia something to think about if they get ‘too uppity’. ;-)

  30. Throughout this I still cannot grasp if the administrators can sell them without the permission of the major shareholder or am I wrong here?

     

    BBC Scotland news tonight read out a statement from Stewart Regan that appeared to from the jurno’s quotes to say that they were too important to go out of business.

     

    That to me is worrying for us who want them to disappear due to their many instances of rules abuse.

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