My initial reaction, that the outcome from today’s SPL meeting and votes on Financial Fair Play, was on the upside of expectations, appears to be well founded. All matters not relating to a Newco football team were passed. Clubs had the opportunity to vote through a process to allow a Newco access the league but it was apparent that there was clearly insufficient support for this proposal, making subsequent proposals to apply sanctions to a Newco moot.
I understand sentiment towards Rangers reflected the comments from St Mirren chairman, Stewart Gilmour, who said, “What’s a court getting involved in football for? The decision had been made.”
There is no question that fan pressure has been brought to bear on club chairmen.
This interpretation compares starkly with BBC Reporting Scotland tonight who, if I paraphrase, said, ‘If Rangers don’t get a CVA, depending on your point of view, they will either get “back” into the SPL with light or with punitive punishment’. The broadcaster also threw in the suggestion that ‘Rangers’ might get ‘back’ in without punishment.
I’m a huge admirer of Reporting Scotland but this was perhaps the worst 60 seconds in 85 years of BBC reporting. There was a decision made to ignore the real story, that no facility to get a Newco (not Rangers) into the SPL was approved, to ignore the outcome of several months of fan pressure, and to tailor a story that suits a controversial narrative.
Fortunately, it looks like the BBC will be back on form soon, but they really need to look at what happened today.
As for the CVA, it becomes less and less likely by the hour.
UPDATE
Having spoken to BBC Reporting Scotland’s Alastair Lamont it’s clear he has been briefed differently from me, which explains the contrast between our interpretations. This story is becoming a nightmare to report, and probably to read. Fair play to Alastair for being up for the debate. I feel much better about my favourite news programme.
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kitalba on 31 May, 2012 at 08:55 said:
I knew so much but the details on that story i must admit i didn’t know of. My brother in laws family hail from St Lucia via???? and i’ve heard numerous stories about slavery and its history but not this one. I knew about the Scots in the slave trade but always as the overseers for their English masters over Africans.
HH
West Wales Celt at 06:43 said:
Pronto survey (just a bit of fun mind).
If Celtic have £5.6 million to spend should they:
1) Buy Justin Rhodes (or preferred alternative – I know what a fickle bunch you all are!) or
2) Buy the hun’s assets and shut them down?
If those are the 2 options then I’d have to say B.
Justin Rhodes is a 40 year old neuroscientist and a professor in the Department of Psychology at the University of Illinois. Not sure if he’s quite what we need at this stage.
Mort
Special appearance by some of RFCia’s finest:
http://www.youtube.com/watch?v=Ise0ecATZ1o
ASonOfDan on 31 May, 2012 at 09:03 said:
” Everyone of them this morning making out nothing was decided yesterday and it was an excercise in avoidance”.
In terms of a newco – ” Everyone of them ” would be right
Some of us are hopeful that our beloved Celtic will be accepted into the E.P.L.
Yes. That`s the English P.L.
And some of us are desperate to dredge up the past with unsubstantiated accounts based,most probably on ideology, for their own unfathomable reasons.
Reminds me of : ” Remember 1690 ”
In God`s name,why remember 1690?
Can`t we just support Celtic and look forward ,without resorting to, and wallowing in , the onerous baggage of the past ?
F1sh
I live 30km from the centre of Warsaw.
I did not tell you. Worked 10 years for Lukoil here and from here.
See huge number of tourists in Warsaw these days. Not many from Russia but media say they will come for tournament.
Lennybhoy I am useless at spotting players for Celtic, I thought Sno and Blinker would be assets and Crosas would be the basis for our midfield. The problem with forwards is we need one who can score in a box with 18 players in it …
Mort, not sure if he might be useful at RFCia though…
mornin’…..
don’t forget the Shortbread Fans, the Brown Brogue wannabes, the Funny Handshake Brigade and the Lawyers will probably have had an (unseen) hand in all of this.
Mr D has already delivered more than his fair share for this cause.
lookin’ forward to more weekly, daly and indeed hourly updates on the omnishambles that is der hun………
HHH.
SaintLubo
A professor of economics or finance would suit them better.
Mort
celticrollercoaster says In Neil we trust on 31 May, 2012:
Enjoy….
Thunder going off all around me at the moment.
I hadn’t realised I’d moved to Glasgow.
gallagher:
The Scots were sold into slavery as far back as the vikings. Some people even claim that the same can be said all the way back to the Roman occupation. There are quite a few books about it. I think I might still have one or two electronic copies. When I get the time, I’ll look.
I’ve no doubt that there were some Scottish slave traders.
2010 Never Again
Bzzzzzzzzz
Will the SFA also day what action they are taking over their appeal to the Courts and where that leaves the original decision.
Would be great if the SFA and SPL both swing the axe at the sometime.
Cannot see Ogilvie with the executioner hood on.
P67
Just William would have done a better job than Puff & Delps……
…schoolboy error……
hhplc
Off out Ghuys with Mrs. LB, shopping…:(
Until we meet again…
Keep the Faith!
Hail Hail!
hailhailplc on 31 May, 2012 at 09:34 said:
Violet Elizabeth would have sorted the Laneites.
Richmal Crompton C.S.C.
Kitalba
Over the years early on a sat/sun morning i’ve come to enjoy the many interesting films and articles you post before games. Lang may yer lumb reek.
HH
kitalba on 31 May, 2012 at 08:55 said:
gallagher:
”In the history of slavery the Irish and the Scot’s have been enslaved longer than any other race in the world.”
Ever wonder why so many black people from the Caribbean have Scottish surnames but none have Irish surnames?
Dont be buying any badges off that dodgy Bundoran Bhoy when I am away :-)
Zbyszek on 31 May, 2012 at 09:09 said:
Oh, cool. You still with Lukoil? Are you on LinkerIn by any chance?
If all the teams that the huns say they are going to boycott are worried about the dhortfal in income maybe they should consider making it easier for Celtic Supporters to take a larger allocation as in the old days.
There are six teams that the huns seem determined to boycott if they get back in, that is a good reason for those teams chairmen to vote to keep them out. It is a win win situation for them if they just stop and think about it.
Hamilton Park Races Thu (afternoon meeing) 7th June.
A few CQN ers heading to the above race meeting next Thursday. Pay at gate. (£18 usually). All welcome to join us.
barcabhoys latest post on RTC
http://t.co/bUqTTqim
Gallagher
Kitalba`s lumb reeks more than most.
H.H.
Ernie:
Again your hatred of the Scots shines through. You still haven’t told me what my prejudices are yet although you accused me of them.
Zbyszek on 31 May, 2012 at 09:09 said:
LinkedIn that is
gallagher on 31 May, 2012 at 09:05 said:
kitalba on 31 May, 2012 at 08:55 said:
” I knew about the Scots in the slave trade but always as the overseers for their English masters over Africans.”
Yes that’s right.
There were no Scottish slave owners.
All the slave owners were English.
The English are bad. That’s why we must hate them, even the black ones, though not as much as the white ones.
kitalba on 31 May, 2012 at 09:43 said:
”Ernie:
Again your hatred of the Scots shines through.”
What I hate is ignorance and the prejudice it leads to.
Donegalpaul @9.42,
Could you please cut & paste Barcabhoy’s post, as I can’t access RTC from work?
Cheers
TBGATB
Barcabhoy says:
31/05/2012 at 9:28 am
Lest we forget in all the recent drama, a key revelation in the BBC documentary was that Souness received £30k. He in fact received much more in both cash terms and in the number of payments made.
Maybe a journalist could ask, formerly media friendly and always available Souness, why he requested multiple loans from Rangers EBT scheme 10 years and more after he left their employment.
The protocol is as follows
1 that an employee, or ex employee , has to request a loan, with a reason for the loan being required.
2 the employer has to pass that request to the trustees
3 the employer will deposit funds in a sub trust if the trustees approve the loan
4 the funds are drawn down by the employee, or ex employee, once a loan agreement has been reached
The questions to be asked are
1 what was the reason for the loan. Was it almost as if a template was being used so that all loan requests were remarkably similar. Did everyone who was employed at Rangers really ALL need home improvement work
2 why would Rangers agree to pass on a request for a loan, knowing that
3 they would have to place funds into the sub trust to facilitate the loan. Now remember the loan is never paid back to Rangers , it is paid back to the trust……..except no loan ever has ever been repaid.
Why would any business pay huge sums (£48million) into a trust if there was no business benefit to them. The name gives the clue as to how it’s supposed to work EMPLOYEE benefit trust.
What was the business benefit that made Rangers and David Murray pay very large sums into a trust for the benefit of Souness?
We have already had Billy Dodds extremely helpful explanation of how it worked for him. The business benefit for Rangers is that they could pay a contractual amount without paying PAYE and NI. Now of course that is an abuse and in large measure why HMRC found the EBT scheme was improperly operated and send in the BTC bill.
But why pay Souness this way. He wasn’t an employee. He couldn’t have had a contract , as he was contracted to another professional football club at the time of his loans being approved. It is absolutely forbidden for individuals to have contracts in football with more than one club at a time.
So if he wasn’t contracted he could not have been providing a legal service to Rangers, which should not in any case have been paid via an EBT
So just what was the compelling request for loans (multiple) that enabled the trustees and Rangers to provide huge amounts of money to an individual who at the time was one of the highest paid individuals in the UK
Remember the order in the protocol , request , pass on, approve , fund , agree, draw down.
Why did David Murray agree to deposit huge amounts of money into a trust to benefit Souness ?
What was the business benefit? What did a very wealthy non contracted individual , who hadn’t worked at the club for 10 years , do to justify this largesse ?
Twists
As ML3 is ‘my manor’ – I hope to be there.
My rock and roll lifestyle has me playing two ‘gigs’ that week also so might be waylaid by rehearsals…
u
I tried to stay awake until midnight last night to read Mark Daly’s latest e-mail expose.
I didn’t make.
I awoke this morning and forgot all about it.
Clicked on to CQN ,and the lead link reminded me.
What a disappointment.
Then i remember they have a story to sell and require clicks .
We are all sheep.
(;-)
TT
Macjay1
Better memory than mine or just an avid fan ;-)
Hhplc
The big guy at the back….of Neil Lennon on 31 May, 2012 at 09:47 said:
Donegalpaul @9.42,
Could you please cut & paste Barcabhoy’s post, as I can’t access RTC from work?
Cheers
TBGATB
—————————————————————————————-
just saw your post…timing or what?
” From Day one of the administration , it was abundantly clear that the club was in a major insolvency situation that was going to last for a significant period of time ”
Paul Clark [ Duff and Phelps ].
Now 97 days and counting . We aren’t there yet —— but we will get there .
Warm [ high 80s ] and sunny -way down south. The 4 month scorcher is on its ‘way.