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.
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According to reports Celtic head the race for Wigan Athletic striker Hugo Rodallega.
Rodallega is out of contract at the DW Stadium this summer and is expected to leave the club.
It is understood that Stoke City and Everton are interested in the Colombian.
However, it seems Rodallega is being strongly tipped for a move to Scottish giants Celtic.
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Scottish champions Celtic are showing an interest in Magnus Okuonghae, Sky Sports understands.
A host of clubs are tracking the 26-year-old – who is set to leave League One Colchester United after his contract expired.
But a number of Championship clubs are also keen on securing his signature.
Sky Sports understands the likes of Blackburn, Bolton, Burnley, Charlton, Derby, Millwall and newly promoted Sheffield Wednesday are all keen.
Former Dagenham & Redbridge defender Okounghae has also been offered a new contract at the Weston Homes Community Stadium.
“We have been contacted by a few clubs and Magnus will be considering his options over the coming weeks,” his agent Leon Callendar of Straight Ace Management told Sky Sports.
I see Green said he wd use the pitch for grazing. You can take the man out of Venture Capitalistism but you cant take Venture Capitalistism out of the man!!
BMCUWP
The danger, in my opinion, is not offering an alternative to whatever Green and the Frankenhuns promise as part of a deal to get them back in.
If we don’t do anything, the SPL will get what they want through Green – we lose out and football is dead in this country.
If we do offer something as a carrot to the other SPL, be that the distribution of money or voting rights, we’ll still lose out (on our own terms!) but there will still be a competitive footballing league in Scotland and not some WWE/Boxing franchise.
There’s another alternative, that the SPL 10 don’t let the huns enter and cast them asunder to the SFL – Dunfermline or whoever come up and the 11-1 voting system becomes their biggest weapon against us.
I don’t really support the idea of halving gate money but it might not actually work out in the favour of the Gang of 10. There would have to be reciprocal agreements between each club fixing the cost of ticket, similar to away ticket pricing at the moment (or even season tickets, which might see our prices fall!). They’d get minimal amounts for their fans coming to Parkhead and would have to split what they get when we come visiting.
Much like the Scottish Independence debate, we need some sensible debate and honest analysis in the MSM. Well we get it? Not a chance – on etiher matter!
Hail Hail
Tombola
Agent craig whyte
Regarding the minimum pricing of tickets
I know a motherwell fan who recently claimed to have paid £280 for 1 adult and 2 kids season tix at fir park for next season
Approximately £10 a game for the adult and £2 a game per kid
I know it seems low but I think I got this right
henrik1rick@14:56
That is a great story and I hope it is true.
HH
All the talk is about the CVA proposal on Thursday, isn’t Friday the final day for audited accounts from rfcIA to be given to the SFA?( should have been the 31st March) Will Duncaster fall silent again, will he give them another few months to comply?
I suspect Duncaster will be hiding in his wardrope all weekend sucking his thumb.
No to Newclub
Kick them oot now
HH
CELTIC MAC,AULD HEID
You are clearly more altruistic than I,and quite possibly more far-sighted,but I stand by my opinions.
When WE were being shafted,where was support from the rest of the teams?
Answer-InThe Blue Room.
Now there is the possibility that EVERYONE is gonna be shafted,and you guys agree that we should foot the bill?
Auldheid in particular has been telling us for years about the benefits of good governance at our club,and he has proven to be correct.
So why not just throw it away,but give it away?
Geezabrek. They backed the wrong horse,they agreed to the rules.
We abided by the rules,and suffered accordingly.
PAYBACK. END OF.
I’m Neil Lennon (tamrabam) on 11 June, 2012 at 15:08 said:
Agent craig whyte
Regarding the minimum pricing of tickets
I know a motherwell fan who recently claimed to have paid £280 for 1 adult and 2 kids season tix at fir park for next season
Approximately £10 a game for the adult and £2 a game per kid
I know it seems low but I think I got this right
…………….
I think that sounds perfectly reasonable, I think the £600 (over £30 per game) we pay is way to much for the product on display. Buying a season book for CP must be one of the few places in the world where you get charged more for buying in bulk for 19 products than you do if you bought 19 individual products.
TheGreenManalishi – ok mate, will give you a shout on Thursday when I know what I am doing.
•-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on 11 June, 2012 at 14:48 said:
I suppose it would very much depend on the asking price, but the L’Oreal Arena has a certain ring to it …
No?
FF
bunburybhoy on 11 June, 2012 at 15:10 said:
henrik1rick@14:56
That is a great story and I hope it is true.
HH
share on F’book or Twitter
Yeah that’s what i thought.
I’m Neil Lennon (tamrabam) on 11 June, 2012 at 15:08 said:
Agent craig whyte
Regarding the minimum pricing of tickets
I know a motherwell fan who recently claimed to have paid £280 for 1 adult and 2 kids season tix at fir park for next season
Approximately £10 a game for the adult and £2 a game per kid
I know it seems low but I think I got this right
I’m pretty sure I read somewhere Motherwell’s charge for season books is in relation to their managers hair style…..so 70’s prices is about right ;)
Do you know what is annoying me more now about the talk of a CVA, they should be made to struggle for years and pay every penny back.
Total scumbags the lot of them, they have no shame and never will have now.
How’s everyone doing in their Euro predictions?
I got the goal margin for the Ireland game right. I could see why Mcgeady was subbed, despite a great delivery for the goal – didn’t think he was that bad, but reckon he hardly got a touch of the ball, and there’s no point loitering in the final third (sometimes disguised as toilet roll) if your teammates are enduring a torrid time 50 yards away. Duff worked more for the team. I was surprised to see Doyle taken off – thought he was giving their defenders headaches. The main qualitative difference between Ireland and Scotland right now lies in their coaching.
Tonight: 2-0 to France, 1-0 Ukraine.
AULDHEID
When another Scottish club invests more than its entire value to build a decent-sized family stadium-as Celtic did under Fergus-I might have some sympathy for them.
Aberdeen might maybe eventually do it.
Until then,we build the stadium,pay for it,the fans turn up in droves,and we give away half of the income to clubs who offer us a couple of thousand seats in reply,and treat us like dirt?
Jee-zoh,NAW!
up_over_goal
Started off great with a correct prediction in the opening game. Since then its gone downhill and been in freeflow since.
Hoping to get back up the leaderboard tonight but can only see my predictions going one way.
Mort
How does Charles Green propose to be out of Rangers within a year then if the club he owns is giving away a large part of their gate receipts to other league clubs? Hardly tempting for a prospective buyer, is it?
Mort
Knew I could count on you – bet you’ve got at least 3 re-drawn excel charts on the ole desktop!
Heard there’s a guy who used a computer program to predict Spain’s victory last WC predicting England reach the semis. My supersitious trinkets may well need to be deployed, but I stand by my 2-0 France prediction. How about you?
It’s astoudnign to me that, even now, with Rangers in administration for 4 months, in debt to the tune of up to £134m and with apparently only £5.5m of assets belonging to the club (these figures accoring to their own adminstrators!), yet we are STILL not sure they’ll go to the wall!
Just look at the “math” – net liabilities of up to £128m – about three and a half times their turnover, back when they published accounts. There cannot be any other answer than liquidation.
Kens died in many a place. But he’s in the Glasgow Pavilion Friday & Sat this week!!
I wd go but ive laffT enuff these past couple of months!!
Paul 67 – I’m puzzled by your article today, surely then the best protection for Celtics voting rights are that Rangers get a CVA in place and effectively remain as part of the SPL ??
1# Assume they get the get the CVA = Net Result NO Newco to vote on and both Celtic and them retain the veto (Downside is they live on !!) ?
2# Assume they do NOT get a CVA therefore form a Newco or totally Liquidate (Unlikely) : Sevco 5088 buy the rights enter the SPL with the bargaining chip that they change the voting rights ( which harms them also) = Net Result Celtic Lose the veto on voting rights
So do we want them to get the CVA……..I can’t see any WIN WIN for us only Lose Lose either way ?????
Help ……dumbfounded.com !!
Anyway,back to the real world.
Gordon Brown at the Leveson Inquiry isnae taling any prisoners.
http://www.telegraph.co.uk/news/politics/gordon-brown/9324291/Leveson-Inquiry-Gordon-Browns-evidence-five-key-points.html
Further details on same site. No winners here,but I think Brown may take Murdoch and Brooks out here.
traditionalist88@15:30
How can “The blunt talking Yorkshire man” purpose to do anything with a club that is not his and furthermore is ineligible to compete in Scottish football next season unless admitted to Div 3?
We are now truly in the twilight zone…Enjoy the ride!
HH
Dermot Desmond is about to see the value of his investment in Celtic drop.
He is about to suffer the consequences of not creating and taking the opportunity to get into English football.
As a result of a weakened Rangers,Celtic are powerless to stop the a swing in power to the other SPL clubs.
I am sick to the pit of my stomach at what is about to happen.
Glasgow Celtic football club will never fulfil it’s potential whilst we remain in the SPL.
There has been no greater supporter of DD than me, but he has got this badly wrong.
TT
TinyTim – It’s pretty difficult to join a league that doesn’t want or need you. (thumbsup)
Bunburybhoy
True, just trying to look ahead, newco being the way it seems to be, should probably just ignore everything Green is saying but parts of it are so entertaining… its tempting to try and work out the parts he actually means!
HH
Paul67,
This sounds dire. Can we not simply refuse to vote through the new TV deal, if it means we are going to be shafted like this?
Tiny Tim
I don’t think DD is in this just for the money…
HH
So funny and so wrong…
A pensioner needed help from firefighters to remove a sex aid that had become stuck on a delicate area of his body.
The 69-year-old battled for 36 hours to free himself from the ring-shaped object and eventually went to Fairfield Hospital in Bury to seek assistance.
Firefighters had to take extra care when freeing the pensioner (Thinkstock) He was transferred to North Manchester General Hospital, but surgeons there were also unable to work out what to do.
At that point, doctors decided to call in the fire brigade, reports the Manchester Evening News.
A crew from the Blackley station attended and, after carefully assessing the situation, concluded it would be possible to remove the sex aid using a precision cutting tool.
The pensioner had to sign a form confirming he was aware of the dangers associated with such a delicate operation before he was taken to theatre.
Fire officers originally intended to use a four-inch angle grinder for the procedure, but eventually opted for an air cut-off tool.
After an hour of intricate manoeuvres, the pensioner was finally freed. He spent the night in hospital, but as he had suffered little more than acute embarrassment, was allowed home the following morning.
A spokesman for Greater Manchester Fire and Rescue Service said: ‘Our crews were professional and adapted to the circumstances they were faced with. We wish the man involved a speedy recovery.’
It is believed the firefighters who took part in the unusual rescue mission have been offered counselling
TINY TIM
When kids go to a nightclub,they go because it is mobbed,the place to be.
They then spend a fortune on booze.
The club disnae respond by saying-Free admission for all,it’s important we’re mobbed-naw,they put up the price of admission to increase the take!
There is no way that Celtic will allow free admission when we are the only show in town.
England team: Hart, Johnson, Terry, Lescott, Cole, Milner, Gerrard, Parker, Oxlade-Chamberlain, Young, Welbeck
A SON OF DAN
Bada bing would have pulled out his chopper….
ASonOfDan on 11 June, 2012 at 15:52 said:
Plenty of pace on the break, Hodgson will set them out to defend deep and counter attack. There problem however, as always, is their inability to retain possession for any more than a couple of passes.
2-1 France
So Charlie is the man with the one year plan?
So a situation which was nearly decades in the making will be resolved in a year?
There’s a line from a David Mamet film – A good plan today is better than a perfect plan tomorrow.
But that describes crisis management and the need to act.
What Charlie Boy is describing is his perfect plan – after months of background lurking and consultations – One Year.
If I dwelled on the dark side I’d be just a wee bit worried.
The Devil’s away with the Exciseman.
Chairmen up and down the land practising the simple sentence – But you let them do it…
Dead as Hale and Pace’s agent’s phone.
U
Ibrox = Hector’s House.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 11 June, 2012 at 15:54 said:
A SON OF DAN
Bada bing would have pulled out his chopper….
———————————————————
I have it on good authority ,Bada only used his chopper when
it was his turn to make din dins for the crew.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
‘four-inch angle grinder’
That brought tears to my eyes at just the thought of it.
HECTOR SAYS NO!!
In a mock Ian Paisley voice…