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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Beautiful ball in from Steven Gerrard there for the goal. Poor defending by the French.
I’m probably in a small minority here but I hope England do well
SunnyBhoy on 11 June, 2012 at 17:32 said:
What? Do you not like my bling or something?
33 minutes gone Roy Hodgson tactical genius.
France miss good chance to equalise.
iPaddy McCourt on 11 June, 2012 at 17:34 said:
yes… a tiny minority.
par contre, I hope they get a shoeing from all 3 opponents in their group. I despise them almost as much as the huns.
stevebhoy – Increasing public spending, which you rightly point out occurred under failed monetarist Thatcher as well as other leaders, rarely benefits the taxpayer if it is used, as is again being proposed, merely to line the pockets of subsidy junky capitalists.
In what sense was Mrs Thatcher a “failed” monetarist? Seems she did pretty well in curbing inflation. Amazingly so, given that most of the genius economists of the time said it would never work.
Re: the baleful alignment of state and subsidy junky “capitalists”, I agree. When politicians determine what gets bought and sold, the first thing to be bought and sold is the politicians. The taxpayer is usually short-changed in some way by public services, we’re better off choosing how to spend our own money.
Take our schools, for example… please!
Not that I expect you’ll admit it, given your seeming anti-Tory rage syndrome (you should chillax more, go for Sunday pub lunches with the family, it’ll clear right up), but this is true under governments of every persuasion.
Dave has the kids sleeping under bridges unpaid to suit ‘security’ companies
Yup, that’s a fair and reasonable assessment of the government’s policies. I hear they also want to abandon all children to the Child Catcher from Chitty Chitty Bang Bang. Also, SamCam wants a coat made out of the fur of dalmatian puppies.
Quality of treatment, for those who can afford it, is excellent around the globe. Of course, choice relies upon ability to pay. You should try medicare. Americans hate it. Wonder why?
Because government-run healthcare programmes suffer from the same problems that government-run everything else does. Imagine the government ran the internet, we’d be better off having this debate via morse code.
Still, it’s better than leaving the old dears out to die on hospital trolleys, eh? (thumbsup)
Sparkleghirl -not only do I like your bling, I’m a bit jealous.
I shall have to come up with some suitable runes.
‘I have always considered Celtic as my Scottish team’. – Roy Hodgson
My bling was a present from Bournesouprecipe (I think) a few weeks ago.
I like it. Makes it very easy to see if anyone has quoted/answered me.
Vote Philvis !!
You know it makes sense…..
1-1 Nasri.
nasri
Get. In. France.
1-1 nasri, great shot
Yessss!
derbyshirebhoy
That one is for you!
I watch England more like Motherwell than thems. I kinda do want them to get stuffed, but if they win, I’m not really bothered, safe in the knowledge they won’t win hee-haw.
Luxcelt
Sad to be so full of hate, no? Why do you hate England?
Blanc’s bleus 1 Hodgson’s blancs 1
I’m sure i heard Aidrian Childs say during the pre match build up
“We have the best goalkeeper in the world”
Oh dear
Philvis :
_/…./ .._/_ _/_…/… .._/._ _.
Neither team firing blancs then.
•-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on 11 June, 2012 at 17:34 said:
Here’s a wee present for you •
and you can have a – for free
Obsessive-Compulsive Disorder CSC
I knew Ray Clemence’s injury would come back to bite them.
bsr
Goalkeeping – England’s achilles heel
Hodgsons tactical genius oot the windae.
Goalkeeper Hart’s surname appropriately
rhymes with f*rt.
iPaddy McCourt on 11 June, 2012 at 17:40 said:
having grown up as a scotsman – with the same UK-wide media as england etc, i am sick, utterly sick of hearing their england-centric garbage. they take the line that the entire world is interested in their sporting performances, that their league is the best in the world, and most of all – they expect others to be interested. their ignorance of other countries sporting history or even performances – is staggering. One itv commentator on Sunday was likening Spain to ‘Arsenal’ – without being ironic. The entire world knows england won the world cup in 1966, but most people have no idea when (off the top of their head) germany, italy or brazil last won it. Why? Because the english ram it down everyone’s throat…. other nations don’t. Oh… one more reason…. their fans. Say no more.
Allez les Bleus.
Working nightshift in Oz with about 20 guys, not one of them is interested in the Euro’s or football for that matter. Easily the worst thing about Australia.
1-1 half time.
Arsenal 1 Fulham 1 h.t
HH
Sunnybhoy -worser than deadly devious spiders who hide in the bog?
Or stingin’ trees that can kill an ole horse?
Come on England.
A few more set pieces and they are their for the taking.
HH
There even
LuxCelt on 11 June, 2012 at 17:45 said:
Only taken me 50 years to shake off that baggage. I feel relieved to have dropped the bile of my narrow minded Scottish upbringing at long last ………….but ………..Clive Tyldesley may have me regressing ere long.
An example of england-centric garbage, on the BBC Sport Live page
Tom Lane on Twitter: “People overrate Ribery, a good player yes, but he has only achieved success in smaller leagues i.e. not La Liga/Serie A/Prem.”
Bundesliga – small league?
LuxCelt
I agree that many of their pundits are irritating twats and a small minority of their fans are louts but I know loads of English people who are nothing like that. The vast majority are sound types who are passionate about the football. I wish them well.
I hear the French manager has just had a disease named after him as he suffers from parasite mites that affects his skins it’s now called a Blancmange, it’s just desserts for the lifestyle he leads
I’ll grab my coat on the way out
Narrowbhoat
The only known cure is jelly and ice-cream