An SPL general meeting today passed several less-significant Financial Fair Play rules (pay your taxes and players) but did not approve a proposal from chief executive, Neil Doncaster, that a mechanism should be introduced to parachute a Newco into the top division in Scottish football for the first time in history.
It would have taken 8 votes to see this controversial proposal pass, which it clearly didn’t get. The SPL reserves the right to vote a Newco in at any point in the future, but those hoping to buy the assets of Rangers were not issued a ticket to the SPL today.
Surprised?
Perhaps connected to the above matter…. The SPL board will this afternoon consider issues relating to allegations Rangers rigged the system for over a decade with dual contracts.
There are too many permutations for me to digest these developments with any accuracy. At first pass, the news appears to be on the upside of what I was expecting earlier in the day.
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Mountains will crash to the sea before that lot embrace the virtuous art of humility…
The tide is turning and the other clubs are starting to realize that backing the huns is backing a huge loser..
Not long now surely to God..
Dundee Utd would have voted for der hun
Paul67
What are your thoughts on the the report Duff&Duffer could eventually pocket £17.9 Million from administering rangers.
“They very obviously don’t like it up ’em………”
Doesnt say they wont get allowed in, just says there is nothing set in stone
If Aberdeen voted for, thier fans will be demanding a new chairman.
Rightly.
Well as Green was there he knows who voted which way and will tell Fat Sally so there can be no blurring of the lines about which club did what.
It must remain secret other than Celtic saying No.
I doubt we will be told which clubs said no to newco.
St Johnstone are a given as they said no sanctions mean no vote for newco.
Celtic, St Johnstone
Aberdeen and Hibs are both likely to have said no given the feelings of their supporter base AND Rod Petrie’s involvment.
Leaving one mystery vote.
Dundee United? Possible. They are now threatened with losing European money as St Johnstone are.
Motherwell? VERY unlikely BUT they also are facing the loss of earnings from Europe.
Hearts? God Knows. Mad Vlad swings whichever way but again they can lose money.
St Mirren? Interesting one. It appears there were attempts to take them over and get their SPL share. It wouldn’t go down well with all at that club.
Ross County? Who knows? Likely to be for them.
Rangers? Did they have a vote and should they have had?
Kilmarnock – we know.
Inverness? Likely to be their boys so there you go.
Interesting all the same.
The assumption is that only 5 teams voted against NewCo. In all probability, it was more than that. Perhaps all, except Killie and the Zombies themselves.
Not a lot of point speculating, but……….. Aberdeen would have no upside to voting in favour of a NewCo. Almost their entire customer base would have simply deserted them if the club had voted that way.
Off oot.
Have a Happy Day Timland :)))
May God Bless Paul 67 and ‘Every’ CQNer.
Well now, that news has to be a positive step in the right direction for fairness and ‘integrity’!!!!!
I know it’s not all over yet but hey the sun has come out again here so it could be a really good day after all.
As somebody else said though, if Paul can not digest these developments with any accuracy!!!!
what chance have I got????
Surprised Yes
Selfrighteous No
HH
Could it be more than 5 clubs said no to newco minus sanctions?
Well raise ma rent!
Sounds like we can cautiously welcome today’s news.
With the SPL board still able to vote a Newco in though at any time there is a long way to go.
Surely with the SFA/court situation and possible suspension and the SPL dual contracts investigation still to be announced there will simply be too many hurdles for them to be in the SPL next season.
Given all that’s happened recently, I think I’d settle for even just 1 season without them in the SPL to be able to enjoy my football without it being tainted by our replusive, cheating, bigoted neighbours.
Let’s find out if Scottish football will simply wither and die without Rangers. I’m positive it wouldn’t and we’d all love to find out.
After yesterdays shenanigans I think it was more than 5 that voted against.
These clowns are so deluded ….
HH
Guys, Rangers can allow Charles Green to vote on their behalf if they want to. They have accepted a bid from him, nothing to see here.
miki67, cheers. More to come today. MUCH more.
KevJungle, probably not this week. Cheers.
ASonOfDan, seriously doubt that.
I’ve been caught on the horns of a dilemma many Celtic supporters have been caught on recently, namely continue to attend SPL games or not, sporting integrity and all that.
I hand decided to continue attending Celtic Park, regardless of any of the result of the mess the Huns are in, Newco, CVA, didn’t matter. What have Celtic done wrong in all of this!
Now I get along to a few games a season, never as many as I would like, but today I went along to Celtic Park and bought a season ticket, one for myself and one for my 15year old daughter.
Eammon from the ticket office even took me around to my new seat, section 209, great view, l sat in the seat, had a look around.
Eammon took me around to the dugout, took a couple of pics sitting in Neil Lennons seat, even one on the phone!
So thanks to Eammon and the ladies in the ticket office for looking after me, showing me the options.
Roll on next season, cannae wait!
Awe_Naw
Is denying self-righteousness not self-righteous?
HH
Given the amount of money Duff & Phelps are making from RFCiA and that they were appointed by Whyte. Could Whyte be onto a cut of their fee, this is where he makes his money, and he will indeed walk away ?
Merseycelt,
Or accusing others ?
What about podium chasing ? ;-)
HH
The Scottish Premier League has passed new rules designed to ensure financial fair play by its member clubs.
At a meeting at Hampden clubs agreed a club going into administration would be deducted 10 points or one third of the club’s total points from the previous season, whichever is highest.
However no vote was taken on changing the rules on sanctions facing a newco team.
An SPL statement read: “It was agreed that, in future, any decision on the transfer of a share to a newco from any club will be considered by all member clubs, rather than the SPL board, with the felxibility to impose sanctions appropriate to each individual circumstance.”
New regulations were also put in place to ensure SPL clubs pay their players and HMRC on time with sanctions in place if they fail to do so.
Meanwhile proposed changes to the current 11-1 voting structure were postponed until the league’s AGM.
More to follow…
Fiat justitia ruat caelum
Paul67 – Seems Rangers and their supporters have overplayed their hand.
Their Pyrrhic victory in the Court of Session yesterday will also force the football authorities into taking decisive action against them.
They’re behaving like a blinded, enraged Samson, determined to pull the temple of Scottish football down on top of their own heads.
Except of course Samson’s enemies were the Philistines, so the biblical analogy isn’t quite perfect.
The rest of Scottish football is imagining a future without Rangers. (thumbsup)
Paul67
It was reported on Accountancy Age.
£5.5 Million in fees
£6.2 Million as supervisor of the CVA
£6.2 Million as Liquidators.
Sounds like good news to me. It’s also fairly rational to say that you can’t possibly treat every Newco as the same – the circumstances could be entirely different from one Newco to the next – although I’d worry that it meant they’d let in Rangers because they’re big but not Dunfermline because they’re small…
HA HA HA HA HA HA
Tony McKelvie @TonyMcKelvie
From BBC: Rangers’ administrators Duff & Phelps said the announcement of the new proposals has caused “a delay in the sale process”.
Why am I not surprised……..
Awe Naw
By those who know me best,
I’ve always been regarded as self righteous and arrogant, too!
HH
Think I will try and buy shares in Duff and Phelps
Pathetic ,how a no mark like John McBeth can come out now and condemn the huns,never heard a peep out of him when in office.
Big Swee walks on with Neil Lennon – Time for another deadline from Duff and Phelps.
Plus: three more surprise bidders, each more implausible than the last! (thumbsup)
Rangers crisis management is now being embedded in stone. Not how a sporting structure should be applied but a financially beneficial one specifically for hun survival. Are these new addendums in line with UEFA FFP ?
HH
Big Swee walks on with Neil Lennon
lol!
Was Green’s last act, before he walked away, to vote on behalf of a club he didn’t own?
I don’t necessarily think this is good news. It means that theoretically newco could apply with no sanctions. Am I missing a trick here?
A old saying was, you canny take the knickers aff a bare arse
Think Duff and phelps are proving you can
Merseycelt
Dont believe that for one second.
HH