Lots to chew over in this afternoon’s statement from Duff and Phelps but this nugget grabbed my attention:
“If we proceed with an offer that is based on a sale of the business and assets, then we would expect the football club share to be transferred within a matter of weeks, with a preference of prior to the end of the current season.”
This means that unless a CVA is concluded beforehand, Duff and Phelps plan to ask the football authorities to award Rangers’ share in the SPL to a new club prior to the end of this season. This share is worth money, Duff and Phelps would be able to sell it to generate cash, so there is no harm in them asking!
The enormous problem for the league is that the Newco would not employ any footballers and the final date in the season for signing non-contracted player passed a month ago. Rangers players are employed by Rangers FC PLC and their registrations cannot be transferred to any other football club outside of a transfer window.
In the event of a liquidation (which Duff and Phelps have not accepted as a likelihood), player registrations revert to the SFA. They are not assumed by a phoenix Newco to pick the following week. There is absolutely no circumstances for a club to avoid liquidation and still manage to transfer their players to a Newco outside a transfer window.
How did they concoct such a fantasy?
This is a Fifa rule and cannot be altered by the SFA or SPL. The entire debacle has become farcical.
SPL clubs, who vote on Friday on whether to introduce a procedure which would allow a Newco to be allowed straight into the league, have the proverbial gun pointing to their heads with this statement. They must stand firm and refused to become embroiled in the mess.
The other SPL clubs and the SFA did not design this crisis at a member club and it is not their responsibility to resolve it. We will find out soon enough whether member clubs take account of the overwhelming voice of their supporters on this matter.
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The Battered Bunnet – Declan finds your posts very humorous! :-)
T4
he goes down like a big jessie….
I know all playes go down too easily but a big hairy centre half shouldn’t go down as easy..
same as Lucio at Inter…
Willie McStay tried to shaft NFL . That’s one of the reasons he isnt at the club.
Dont doubt his ability as coach ….
that was a excellent programme on shortbread tonight.
apart from the plaudits given to our young guns by
richard gordon and co.during the game.the after game
discussion with willie mcstay,alan preston and jim spence
about youth acadamies was first class.
it was refreshing to be listening to guys who
knew what they talking about and not having to put up with
the usual garbage from the likes of jabba,chic,dodds
Celtic First , Praecepta
Don’t disagree chaps, but the facts are that for every McGeady we signed and sold on, there are 3 Fletchers , Browns etc whom we missed.
My point is that whilst we may have made a small profit on some (Ross Wallace) and a decent return on Aiden, our current squad should have 6 or 7 players who came through the ranks, and shouldnt have to spend cash on Loovens, Naylor, Cha etc.
I don’t expect us to turn up a team of Henrik’s , but the fact that there are no squad players in our current squad from that era does not reflect well on our youth development over an extended period.
philvisreturns
:-)
Listened to The Animals today, The Story of Bo Diddley. “I wanna be your lover baby I wanna be your man” yeah and all that jazz.
Afternoon all,
Well done the Celtic youngsters…what a goal tally!
Speaking of the youths, does anyone know if Celtic have scouts in Spain checking on youth level teams? I ask because my 15 year old nephew in Madrid has had the Real scouts checking him out for the last 2 years. They can not approach him directly due to the contract system there until he is 16.
Naturally, I would looooove him to be picked up by Celtic! He knows all about CFC due to my unrelenting pestering of him and his da to check out our youth system.
Hail Hail
Celtic_First on 23 April, 2012 at 22:05 said:
Well said. Add in our ex-captain (not everyone’s cup of tea, I know, but) McManus and there is a string of players who have made a contribution to the first team and gone on to have successful careers in the game here or elsewhere.
sorry, too many ‘checks’ in my post…unlike the huns!!
Hail Hail
Philvis
Careful ! or I’ll get the train doon and see ye
blantyretim on 23 April, 2012 at 22:13 said:
T4
We need the modern day equivalent of this guy!
Franco Baresi
It’s a repeat, but another Still Game classic on at 22:35 on Beeb1 Scotland.
T4
minx1888 on 23 April, 2012 at 22:07 said:
Bebo?? Who’s big Balde playing for noo?
John McKay will be discussing “the crisis at Rangers“ on STV very shortly.
Eposide 171 re the RTC coming on STV soon.
SFA disciplinary
http://www.scottishfa.co.uk/scottish_fa_news.cfm?page=2553&newsCategoryID=1&newsID=9718
Clashcitybhoy on 23 April, 2012 at 22:18 said:
But you could also say the remit of the youth system is to produce players to break into the first team. Many of them did. How they progress and develop from that point on is perhaps more of a reflection on the first team coaches. Were it not for injury I reckon Maloney and Kennedy would still be in the first team. Marshall is an international goalkeeper, McManus didn’t develop as we hoped but was a championship winning captain and played 150 games, McGeady had an astonishing impact and was sold to fund a complete team rebuild.
Hopefully the next crop are even better but it’s easy to be too harsh on McStay’s group.
More about Fojut.
I read that he was visiting the children suffering cancers.
Now he is involved in charity funds for child needing operation. He gave his silver medal and signed top for auction.
praecepta – couldn’t possibly argue with that. Could Rogne or Mulgrew be a young Maldini?!
CL experienced players a definite requirement for this young squad.
T4
Clashcitybhoy on 23 April, 2012 at 22:18 said:
but the fact that there are no squad players in our current squad from that era does not reflect well on our youth development over an extended period.
+++++
I don’t agree. At all.
The fact that there are no players in our current squad from that era reflects poorly on what was going on re the first team at the time and not on the development squad.
Football is very much a results-based business and more so at some clubs than others, ours being amongst the former category. We could not allow our players to develop in the way they should have been allowed to develop simply because a slip here or there in the first team was ‘unacceptable’ for many when measured against a team utterly hell bent on simply cheating their way to challenge us.
But for the various schemes and shenanigans going on down Iboak way, we could have had numerous youngsters flourishing, or certainly nurturing, in the first team more often than previously was the case.
Despite the plaudits being handed out tonight, this is still largely the case – go and look through the last two to three years – with only a few youth players making one or two appearances this season, despite the league being largely wrapped up in mid-February. Continuity is required, so for the forthcoming cup games (at the time) we could not pitch the youngsters in.
Now contrast that with starting a new season with nary an orc to blight our lives and one might posit that Marcus Fraser et al would feature heavily from the outset. A fast forward into first team with a cushion, a parachute if you will, should errors be made.
What difference to their development would this make?
BRT&H:
Petition signed…shared on Twitter…
Keep the Faith!
Hail Hail!
T 4
Did you see last weeks S G? Treble X stuff but hilarious!!!
Disciplinary Proceedings Outcome
Monday, 23 April 2012
A Judicial Panel Tribunal convened to hear the cases against Rangers FC and Craig Whyte today concluded their findings and set out the following outcomes:
Name: Craig Whyte, Director, Rangers FC
Dates: 6th May 2011 to 6th March 2012
Disciplinary Rule(s) allegedly breached: Rules 66, 71 and 105
Outcomes:
The Tribunal found Craig Whyte guilty under Rule 66 and fined him £50,000.
The Tribunal returned a Not Proven verdict in respect of Rule 71.
The Tribunal found Craig Whyte guilty on three separate counts under Rule 105 and fined him £50,000 in respect of each breach.
The above sanctions shall be paid within 30 days, with interest of 4% per annum over the base lending rate of Bank of Scotland plc from the date of determination until paid.
Under Articles 94.1 and 95, the Tribunal expelled Craig Whyte for life from any participation in Association Football in Scotland.
Name: Rangers FC
Dates: 6th May 2011 to 6th March 2012
Disciplinary Rule(s) allegedly breached: Rules 1, 2, 14, 66, 71 and 325
Outcomes:
The Tribunal returned a verdict of Not Proven in respect of Rule 1.
The Tribunal found Rangers FC guilty in respect of Rule 2 and imposed the maximum fine of £10,000 payable within 12 months.
The Tribunal found Rangers FC guilty in respect of Rule 14 and imposed the maximum fine of £50,000 payable within 12 months
The Tribunal found Rangers FC guilty in respect of Rule 66 and imposed the maximum fine of £100,000 payable within 12 months. In addition, the Tribunal imposed a prohibition in terms of Article 94.1 and 95 of the Articles of Association, prohibiting Rangers FC for a period of 12 months from the date of determination from seeking registration with the Scottish FA of any player not currently with the club, excluding any player under the age of 18 years.
The Tribunal found Rangers FC guilty in respect of Rule 71 and imposed a censure.
The Tribunal found Rangers FC guilty of two breaches in respect of Rule 325 and imposed further censure.
Notes for Editors:
The Judicial Panel Tribunal shall issue a note of reasons in early course.
Both Rangers FC and Craig Whyte have a right of appeal against findings of guilt and any sanction imposed, within three days of receipt of note of reasons.
http://www.scottishfa.co.uk/scottish_fa_news.cfm?page=2553&newsCategoryID=1&newsID=9718
Disciplinary Proceedings Outcome
Monday, 23 April 2012
A Judicial Panel Tribunal convened to hear the cases against Rangers FC and Craig Whyte today concluded their findings and set out the following outcomes:
Name: Craig Whyte, Director, Rangers FC Dates: 6th May 2011 to 6th March 2012 Disciplinary Rule(s) allegedly breached: Rules 66, 71 and 105 Outcomes:
The Tribunal found Craig Whyte guilty under Rule 66 and fined him £50,000.
The Tribunal returned a Not Proven verdict in respect of Rule 71.
The Tribunal found Craig Whyte guilty on three separate counts under Rule 105 and fined him £50,000 in respect of each breach.
The above sanctions shall be paid within 30 days, with interest of 4% per annum over the base lending rate of Bank of Scotland plc from the date of determination until paid.
Under Articles 94.1 and 95, the Tribunal expelled Craig Whyte for life from any participation in Association Football in Scotland.
Name: Rangers FC Dates: 6th May 2011 to 6th March 2012 Disciplinary Rule(s) allegedly breached: Rules 1, 2, 14, 66, 71 and 325 Outcomes:
The Tribunal returned a verdict of Not Proven in respect of Rule 1.
The Tribunal found Rangers FC guilty in respect of Rule 2 and imposed the maximum fine of £10,000 payable within 12 months.
The Tribunal found Rangers FC guilty in respect of Rule 14 and imposed the maximum fine of £50,000 payable within 12 months
The Tribunal found Rangers FC guilty in respect of Rule 66 and imposed the maximum fine of £100,000 payable within 12 months. In addition, the Tribunal imposed a prohibition in terms of Article 94.1 and 95 of the Articles of Association, prohibiting Rangers FC for a period of 12 months from the date of determination from seeking registration with the Scottish FA of any player not currently with the club, excluding any player under the age of 18 years.
The Tribunal found Rangers FC guilty in respect of Rule 71 and imposed a censure.
The Tribunal found Rangers FC guilty of two breaches in respect of Rule 325 and imposed further censure.
Notes for Editors:
The Judicial Panel Tribunal shall issue a note of reasons in early course.
Both Rangers FC and Craig Whyte have a right of appeal against findings of guilt and any sanction imposed, within three days of receipt of note of reasons.
Explanatory Notes:
Rule 1 (b): All members shall: (b) be subject to and comply with the Articles and any statutes, regulations, directives, codes, decisions and International Match Calendar promulgated by the Board, the Professional Game Board, the Non Professional Game Board, the Judicial Panel, a Committee or sub-committee, FIFA, UEFA or the Court of Arbitration for Sport;
Rule 2: Each member shall procure that its officials, its Team Staff and its players act in accordance with Rule 1.
Rule 14 (g): Full membership or associate membership may be suspended or terminated, or a fine may be issued, in any of the following circumstances:-
(g) where a full member or an associate member suffers or is subject to an insolvency event.
Rule 66: No recognised football body, club, official, Team Official or other member of Team Staff, player, referee, or other person under the jurisdiction of the Scottish FA shall bring the game into disrepute.
Rule 71: A recognised football body, club, official, Team Official, other member of Team Staff, player or other person under the jurisdiction of the Scottish FA shall, at all times, act in the best interests of Association Football and shall not act in any manner which is improper.
Rule 105: Any Party who is subject to a Direction from a Tribunal must follow that Direction as so Directed by the Tribunal. Any Party who fails to do so, may be found to be in breach of this rule.
Rule 325: Failing to pay to [Dundee United FC] on the day of the match monies due under Rule 46 c (3) and e of the Scottish FA Cup Competition Rules; being [Dundee United’s] share of receipts for the match; and by failing to pay to the Scottish FA within three days monies due under Rule 46 c (1) of the Scottish FA’s Cup Competition Rules; being the Scottish FA’s levy on admission charges for the above match.
Article 94.1: The Judicial Panel shall have the power to fine, suspend, or expel or in relevant cases to eject from the Challenge Cup Competition or apply such other sanction as is provided for in the Judicial Panel Protocol any recognised football body, club, official, Team Official or other member of Team Staff, player, referee or other person under the jurisdiction of the Scottish FA who, in its opinion, in any way brings the game in to disrepute or is likely to bring the game into disrepute or on any other grounds it considers sufficient and of which, subject to the rights of appeal, it shall be the sole judge.
Article 95: The Judicial Panel shall have jurisdiction subject to the terms of the Judicial Panel Protocol to deal with any alleged infringement of any provision of these Articles. A recognised football body, club, official, Team Official or other member of Team Staff, player, referee or other person under the jurisdiction of the Scottish FA if found to have infringed the Articles shall be liable to censure or to a fine or to a suspension or to an expulsion or to ejection from the Challenge Cup competition, to any combination of these penalties, or such other penalty, condition or sanction as the Judicial Panel considers appropriate, including such other sanctions as are contained within the Judicial Panel Protocol in order to deal justly with the case in question.
In addition, the Tribunal imposed a prohibition in terms of Article 94.1 and 95 of the Articles of Association, prohibiting Rangers FC for a period of 12 months from the date of determination from seeking registration with the Scottish FA of any player not currently with the club, excluding any player under the age of 18 years.
—————————————————–
So even if they survive they can’t sign players for a year?
Reads to me like a 160 grand fine and no signing players for a year, wonder if that will have any bearing on a NEWCO????
Loved the Bobby Tait comparison in previous article – very smart and I certainly do remember where I was. I got a call from Australia informing me of the score from Ibrox while walking up Albion Street sweet memory.
McTall , Awe Naw , just beat me to it. Wow
Looks like they have a 12mponth transfer ban – mmmm – how are they gonna buy new players now !? (he muses)
Sanna
12 month transfer ban is a MAJOR spanner in the works for saving Rangers as they are just now.
MAJOR.
Many players are going to leave, they cannot now be replaced.
Sweet as a nut
Anybody able to break down the sfa statement on rfcia…seems like a £150,000 fine for GEF and £60,000 plus a 12 month transfer ban for rfcia…am I reading it right
RFCIA banned from signing players for 12 months and our hero (Whyte) banned for life. STV sources
Oh dear:
SFA add to woes of RFC (In Administration)
Keep the Faith!
Hail Hail!
Huns going mental over the 12 month signing ban on FF – hohoho
Well that’s more debt for the huns! Still they will save on air fare for scouts
Oh Dear, Oh dearie me…
Hahahaha Stupid Cheating Huns..
I don’t get how they can be not proven on 1 yet guilty on 2, which refers to 1.
In this – ‘The Tribunal found Rangers FC guilty in respect of Rule 71 and imposed a censure.’ what does the censure imply?
S
Agent Whyte fined £200,000 by the SFA.