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.
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.