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Duff and Phelps in the dock with Rangers as SPL hit back

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The SPL today released a short statement indicating that despite asking for information regarding the improper registrations of football players to be submitted by 6 April, the league have yet to receive “full cooperation from the club and its administrators in providing everything that it and they have access to and which is required for the investigation to be completed”.

This being the case you may wonder why the league have been so keen to accommodate Duff and Phelps on the matter of allowing a Newco-Rangers access to the league.

Tonight the SPL will receive all the information they require to confirm Rangers have a case to answer.  They must act with the gravity the situation deserves.

Duff and Phelps failure to comply with the Harper MacLeod inquiry might superficially allow their job to progress as though there was nothing wrong, but it leaves an enormous and insurmountable issue for potential buyer to find when they conduct due diligence.

If Duff and Phelps had provided information on time, there was at least a chance they could have removed this iceberg that will surely scupper their chances of selling the club.

I am pleased Mr Doncaster has stepped forward this evening.  Now the truth is out he must deal with the matter expediently.

Look out for our Live Updates article later.

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  1. Eye to eye stand winners and losers

     

    Hurt by envy, cut by greed

     

    Face to face with their own disillusion

     

    The scars of old romances still on their cheeks

     

    And when blow by blow the passion dies sweet little death

     

    Just have been lies the memories of gone by time

     

    Would still recall the lie

     

     

    The first cut won’t hurt at all

     

    The second only makes you wonder

     

    The third will have you on your knees

     

    You start bleeding i start screaming

     

     

    It’s too late the decision is made by fate

     

    Time to prove what forever should last

     

    Whose feelings are so true as to stand the test

     

    Whose demands are so strong as to parry all attempts

     

    And when blow by blow the passion dies sweet little death

     

    Just have been lies the memories of gone by time

     

    Would still recall the lie

     

     

    The first cut won’t hurt at all

     

    The second only makes you wonder

     

    The third will have you on your knees

     

    You start bleeding i start screaming

     

     

    The first cut won’t hurt at all

     

    The second only makes you wonder

     

    The third will have you on your knees

     

    You start bleeding i start screaming

     

    The first cut won’t hurt at all

     

    The second only makes you wonder

     

    The third will have you on your knees

     

    You start bleeding i start screaming

     

    The first cut won’t hurt at all

     

    The second only makes you wonder

     

    The third will leave you on your knees

     

    You start bleeding i start screaming

  2. borderlandbhoy on

    OOOOOOOOOOO !!!!!!!!!!!!!!!!!!

     

    BBC SCOTLAND

     

     

    this is gonna be good viewing, hahahahaha

     

     

    ….. when the sh*t hits the fan and the man wanna know which way you ran…..

     

     

    TIME TO GIVE IT UP RAGERS

     

     

    dignity fc, do the right thing !!!

     

     

    R.I.P YOU STICKY FINGERED HOBOS

     

     

    wonder if auntie beeb will blame celtic and the kafliks (me thinks not)

     

     

    hh

     

     

    ynwa

  3. Paul, you’re playing a blinder today but I think you are giving credit for the SPL statement when none is properly due.

     

     

    Duff & Phelps may well have prejudiced the interests of Rangers (more precisely the creditors and shareholders to whom they must answer) by their alleged tardy or incomplete response to the SPL investigation, but they have no wider responsibility to the SPL or Scottish football.

     

     

    It is the SPL and SFA who have that responsibility. The SFA delegated the investigation to the SPL in the first instance. As the CEO of the SPL Neil Doncaster had ultimate executive responsibility to ensure that the investigation was completed timeously.

     

     

    He should have in short order agreed a clear timeline and appropriate deadlines with Harper McLeod, communicated those to all the relevant parties – above all, the administrators of Rangers, and made it clear that anything less than full co-operation would in itself become the subject of examination and potential disciplinary proceedings.

     

     

    Above all, given that on 5 March Doncaster himself admitted that expulsion from the league was one possible sanction that could result, he had to ensure the investigation was completed in good time for a tribunal to sit and any appeal to be heard before the 12/13 fixtures have to be collated in early June.

     

     

    Harper McLeod should therefore have been instructed to prepare a report by end-April based on whatever information was made available to them by that date, and including a statement on any delays or lack of co-operation on Rangers’ part. If the report found grounds for a disciplinary tribunal one should have been convened by mid-May, with any appeal to be heard promptly after that.

     

     

    In this way, and ONLY in this way, could Doncaster ensure the integrity of the 12/13 SPL. Any deviation from this timeline would run the risk of Rangers being expelled from the league after SPL (and crucially SFL) membership and fixtures had been set for the season; or even after the season had started.

     

     

    Given this, today’s SPL statement is quite extraordinary. 11 weeks and 2 days since Neil Doncaster announced the SPL’s enquiry into potential non-disclosure of payments to players by Rangers, and less than 4 weeks before the 12/13 fixtures are due to be published (indeed, the process of calculating them begins in a little over a week from now), we learn that the SPL “look[s] forward to receiving full cooperation from the club and its administrators in providing everything that it and they have access to and which is required for the investigation to be completed”.

     

     

    This goes beyond incompetence and ineptitude. Only a wilful decision to allow the investigation to be derailed in this fashion is sufficient to explain this astounding failure of management. As a direct result the stability and (such as it is) prosperity of the league is threatened, and the clarity which could have been gained by a proper and timely examination of Rangers’ behaviour is denied to those who must deal with its consequences.

     

     

    It is not clear if Doncaster has acted alone to delay the investigation process, or whether he is acting under instructions from the clubs. If it is the former, he should resign or be sacked forthwith. If it is the latter, it is time for the clubs to answer to their fans. Doncaster’s actions are either a shocking failure to protect its members’ interests, or a strategy supported by the members. Which is it? A great deal hangs on that answer.

     

     

    Stewart Regan is also in the dock. The SFL and Scottish football as a whole would clearly be prejudiced yet further by an unnecessary delay in the Harper McLeod report. The SFA should in turn have tasked the SPL with specific timescales and reporting requirements. Instead, the SFA has apparently been happy to sit back and let the extraordinary current situation to develop. This sort of indecision and the complete absence of leadership will not play well when, as looks increasingly likely, the whole messy affair ends up on a desk in Nyon. And when it does, Duff & Phelps, who will by then have long since picked up their extravagant fees and exited stage left, are not likely to be particularly high on the list of worried parties.

  4. Joe Filippis Haircut on

    What is going on with the SNP? they have announced if they get a seperate Scotland they will retain the monarchy eh ? The more they say the less I see them as being fit to govern Salmond has shot them in the foot so many times its unbelievable. H.H.

  5. garygillespieshamstring on

    Ian black must be the first guy ever to want fake id to prove he isnae old enough to drink

  6. Lot of twitting from a lot of twits out there in the blogosphere- various hun allies in a tizzy over then Daly programme:

     

     

    The Edinburgh Bankers Golf Group has tweeted: “David Murray- who is he? Never heard of him.”

     

     

    The Fountainbridge Foundation for Venture Capitalists-Special Interests & lovers of Rugby has tweeted: “The games a bogey.”

     

     

    The Young Conservatives of Kelvinside: “No surrender.”

     

     

    The Scottish Gamekeepers Club: “a free ghillie to every ex-Rangers board member”.

     

     

    The Unionist Trust for Scottish Bigots: “we have been infiltrated by Republican ragamuffens & Marxist bounders.”

     

     

    The United Meat Packers Society: “we regret to inform the public that we have withdrawn all supply of our mince- we cannot be asspciated with such a toxic brand as the Blue Burger.”

     

     

    The Aristocratic Alliance for the Preservation for Inequality has twitted: “rangers are a great Scottish institution that makes up the fabric of society.”

     

     

    The Orange Order also twitted: “its aw rem Paddy’s across ra river in rur dirty dealin…wiz rem taig’s what done it…no uz…its aw a big Papist conspiracy so it iz.”

  7. The Honest Cover-up on

    David Murray took £6m in EBTs!

     

    Hehehehehehe!

     

    This is the man who boasted about never taking a penny out of the club, about looking a new owner in the eye to see if they had the club’s best interests at heart.

     

    Good Lord. I never saw this coming. Wee Chick Young will take a cardiac when he hears.

     

    MISTER David Murray, what a foolish, arrogant, greedy man you have been.

  8. Apparently Ian Black hasn’t ruled out a move to Rangers. Either he is 16 years old, or he lives on the feckin moon!

     

     

    Ian Black = Space Cadet

     

     

    Duff & Duffer, step down as administrators by lunch time tomorrow. What’s the thoughts?

     

     

    Hail, feckin Hail

  9. That wee BBC news appetiser has just driven me to an early single malt! I worry about Mark Daly’s safety when all this comes out tonight. The hordes wull no be best pleased wi him. More power to him, Paul67, Phil, Thomo, RTC et al. BBC Scotland has done an amazing about face on this, to take on the vested interests of the fabric of this fine wee country.

     

     

    WeshallovercomeCSC

  10. The Honest Cover-up on

    roy croppie on 23 May, 2012 at 18:40 said:

     

    53 is the magic number!

     

    ———————–

     

    At least at the end of all of this the 5 stars will actually mean something!

  11. jamiebhoy76 on 23 May, 2012 at 18:46 said:

     

     

     

    Apparently Ian Black hasn’t ruled out a move to Rangers.

     

    =============================================

     

     

    Queens Park or Berwick?

  12. the glorious balance sheet on

    So according to the BBC Minty Moonbeams paid himself 6.2million pounds through the Orc EBTs.

     

     

    Minty has used the EBTs to fill his pockets and massage his ego.

     

     

    While paying himself through EBTs he borrowed £700million from Scotland`s national bank that he can`t pay back. This same bank needed bailed out by the taxpayer due to it being up to its eyeballs in Minty Moonbeam debt.

     

     

    Minty has shafted the taxpayer twice over here. And ordinary working people in Scotland – who that same bank would probably have thought twice about giving a mortgage to while they were throwing money at Minty – are going to have to pay for the excess of Minty and his cronies.

     

     

    An absolute disgrace of a man.

  13. jamiebhoy76 on 23 May, 2012 at 18:46 said:

     

    Apparently Ian Black hasn’t ruled out a move to Rangers. Either he is 16 years old, or he lives on the feckin moon!

     

     

    Ian Black = Space Cadet

     

     

    Most importantly, he’s a right DURTY wee Hun clugger. He’d fit right in wi RFC Titanic.

     

     

    Gerry

  14. wonkyradar on 23 May, 2012 at 18:46 said:

     

    >>>>>>>

     

    If the Orangutan Ordure believe it’s all a ‘Papist Conspiracy’,then it’s a fe**in’ good yin,and if they blame the timternet then they must be fe**in’ desperate!

     

    : )))))))))))

  15. Missing:

     

     

    1 giant Fenian Hand. Usually hidden so hard to place. Can’t remember for the life of me where I left it. Last recall using it in Glasgow to bitch slap a football club.

     

     

    If found please return to Karma Mansions, 1 Lifesabitch Avenue, Getitupthem

  16. garygillespieshamstring on

    I see Drunken Ferguson is doing his coaching badges. Just the sort of guy you would want coaching your young players.

  17. Glendalystonsils likes a mr whippy with his lime green jelly on

    Just in……………Moths have attacked the fabric of this country!

  18. The Honest Cover-up on 23 May, 2012 at 18:46 said:

     

    ‘David Murray took £6m in EBTs!

     

    Hehehehehehe!

     

    This is the man who boasted about never taking a penny out of the club,’

     

     

     

    I got the impression Muray’s EBT money came from MIH rather than the huns.

  19. If Murray really did receive £6M from the Rangers EBT that is a pretty juicy bit of gossip. However, the Rangers EBT was part of the MIH EBT, so it might well be that Murray’s payments came from MIH funds, as Murray was an officer of both companies. Hopefully the programme tonight will clarify that.

  20. The blog may get busy tonight. If it is unavailable, please check for updates on our Facebook or Twitter pages. Make a note of them now before the traffic peaks.

     

    ============

     

    Eh wots up? Is Henke coming back or have we signed THG, Drogba & Torres? Must be something like that nothing else of note worth mentioning happening tonight is there?

     

     

    myownprivateidahoCSC

  21. RalphWaldoEllison-is Neil Lennon Season 2011-12 on

    Paolosboots

     

     

    Can you not hook up with TC.

     

    It’ll only be 100 miles across the desert

     

    (or should that be dessert..

  22. oglach on 23 May, 2012 at 18:57 said:

     

    Eh wots up? Is Henke coming back or have we signed THG, Drogba & Torres? Must be something like that nothing else of note worth mentioning happening tonight is there?

     

     

    – We are playing Norwich in a friendly. It is likely that a few lads will be posting to keep us all updated.

  23. Joe Filippis Haircut on

    Wee Fat Sleekit Ally wants answers as he is a Rangers fan didnt he understand how they were paying him when he played for them ? Typical hun response I never knew anything H.H.

  24. Minty on an ebt…haha.

     

    Barry bigot ans klos the highest earners off of ebts.

     

    No mention of the bigoted ref and the lying ref…yet.

     

    After all this, this has to be a full high level probe into the TM season of honest mistakes.

     

    As it is now plain for all to see that there was something far wrong with the refs that season…slightly more than usual.

     

     

    Stupid Hurtin Huns!!

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