Fantasy CVA and Sir David, was this worth the cash?

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Amid the sea of angst, from some, at Rangers punishment, some perspective is required.  Ban any other SPL club from signing players for 12 months and fine them £160k and they will be modesty inconvenienced.

Most clubs only add one or two key players (all going well) to their squad each season and a fine of less than half a percentage point of turnover is hardly punishment at all.  Some clubs currently owed money by Rangers could have a de facto ban on transfers as a result – and they’ve done nothing wrong.

For bringing the game into disrepute and breaking a myriad of rules, this is a mild censure.

This only becomes problematic if the club is not paying its bills.  Pay your bills, or at the very least, agree a deal with creditors to forgive a portion of debts, and Rangers will be able to retain their current staff and could continue to perform strongly in next season’s Scottish Premier League.

The fantasy that this is a possibility is still being entertained by Duff and Phelps so I see no reason why the rest of us should not point out the inconvenient irony of their position.

The SFA must impose a financial and sporting penalty for bringing the game into disrepute, in this, they have no choice whatsoever.  The penalty must be substantial and act as a deterrent against criminal or disreputable elements becoming involved in Scottish football in future.  Pay your bills or conjure up the mythical CVA and you’ll cope just fine.

One additional point on the financial penalty.  £160k is less than 1% of the debt Sir David Murray was released from when he failed to sufficiently investigate the suitability of Craig Whyte as an owner of Rangers – despite the warnings from others around the Rangers boardroom table.

In light of his failure to take heed of warnings from the then Rangers chairman and his connected financial gain, perhaps Sir David would offer to pay Rangers fine?  £18m, David.  Don’t tell me that’s enough money to drown out Alastair Johnston’s warning and any feelings of remorse.  Paying the fine is the least you owe Rangers fans.

Was it worth it?

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456 Comments

  1. Paul67

     

    Given that the one constant has been CW ability to lie come what may, might we be allowed to deduce that…

     

    CW has already paid his fine ;-)

  2. James F.

     

     

    an unusual one for your 8.

     

     

    Thomas Rogne getting fit and playing a unbroken string of games. This led to the run of games not conceding a goal. In that period we won many games by the odd goal.

     

     

    Even look at the Killie Cup Final game – take Thomas off – concede a goal.

     

    Heart game – no Rogne – 2 goals let in.

     

    Motherwell – Thomas back – clean sheet.

     

     

    Thomas Rogne was properly discovered this year and is a future Celtic captain.

     

     

    Seville67

  3. love the suggestion of “Cheerio, to 9-in-a-row” just singing that over and over until they cant take it anymore

  4. jock steins celtic on

    wouldn’t surprise me if the SFA want to be seen to be coming down hard on Rangers knowing full well there will be no Rangers left to suffer the pain of the punishment.

  5. Team for Sunday

     

     

    Forster

     

     

    Cha Du Ri — Charlie Mulgrew — Thomas Rogne — Emilio Izziguire

     

     

    Dylan McGeough— Scott Brown — Victor Wanyama — Joe Ledley — Kris Commons

     

     

    Gary Hooper

     

     

    We will need to win the midfield as we have struggled in this area in the past against the huns so we need to be strong in that area.

     

     

    Kris and Dylan can move up to support Gary up front.

     

     

    Mort

  6. ArranmoreBhoyLXV11 on

    Paolos boots and SPF..

     

     

    There s a book about Patricks life.. Very personal, written by his brother Simon-another great Bhoy..

     

     

    Anyway, it’s moving , VERY funny and called IN THE NAME OF THE WEE MAN..

     

     

    You’ll laugh and cry..

     

     

    Sums up being in a Celtic FAMILY..

  7. James F

     

    I think a piece on jelly fish, it’s over!

     

    Looking into players words being twisted into what the MSM want to write about. How it often returns to bite the player / team.

  8. The Mayan people know their stuff. Craig Whyte take note……..you can’t fight destiny.

     

     

    The 2012 phenomenon comprises a range of eschatological beliefs according to which cataclysmic or transformative events will occur on 21 December 2012.[1][2][3][4] This date is regarded as the end-date of a 5,125-year-long cycle in the Mesoamerican Long Count calendar. Various astronomical alignments and numerological formulae have been proposed as pertaining to this date, though none have been accepted by mainstream scholarship.

     

     

    A New Age interpretation of this transition is that this date marks the start of time in which Earth and its inhabitants may undergo a positive physical or spiritual transformation, and that 2012 may mark the beginning of a new era.[5] Others suggest that the 2012 date marks the end of the world or a similar catastrophe.[6] Scenarios suggested for the end of the world include the arrival of the next solar maximum, or Earth’s collision with an object such as a black hole, a passing asteroid, or a planet called “Nibiru”.

  9. row z \o/ (O) enough fly kicks, pass me the hose! on

    The SFA verdicts are worth analysing now that the initial euphoria has passed. Some are straight forward:

     

     

    Rule 14: suffering an insolvency = guilty = 50,000 fine to RFC (note – not C Whyte)

     

    Rule 66: Bringing game into disrepute = both guilty = 50k and 100k fines

     

    Rule 105: Not turning up to hearing = guilty = £150k fine to C Whyte

     

     

    OK – Now the more interesting bits

     

     

    Rules 94 and 95 Bringing the competition into disrepute = both guilty = sine die life ban for C Whyte and 12 month Player ban for RFC

     

     

    Q1. Are these in the same proportion to each other or did the club get off lightly?

     

     

    Rule 325: Not paying DUFC = Guilty = RFC censure

     

     

    Q2: Is that not a bit light under the circumstances?

     

     

    Major Issue

     

     

    Rule 1: Breaching the Articles of Association = Not Proven (RFC only not C Whyte)

     

     

    Q 3: Are we really saying there was no reasonable evidence of this Breach? Surely Not? RFC seem to have ‘escaped’ serious charge and punishment?

     

     

    Rule 2: Your staff breached Rule 1 = Guilty = £10k fine.

     

     

    Q4: WTF? The staff of RFC breach rule 1 but the club is ‘not proven’ to have had?? Is that not cognitive dissonance of the higherst order?

     

     

    So, whilst we enjoy their pain, a closer examination looks like they have been treated on the lenient end of the spectrum in this.

     

     

    HH

  10. Thanks Arranmore, i will look it up. He was a few years above me at school, and it wasn’t till I left that I found out who he was. My mother is a relation of his.

  11. Neil canamalar Lennon hunskelper extrordinaire on

    Its amazing the platform being offered to stupid hun supporters.

  12. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    If you hate me after what I say

     

    Can’t put it off any longer

     

    Just gotta tell her anyway.

     

    CHORUS

     

     

    Bye Bye Baby, baby goodbye.

     

    Bye baby, baby bye bye.

     

    Bye bye baby, don’t make me cry

     

    Bye baby, baby bye bye.

  13. Songs that will be sung on Sunday. I would prefer Celtic songs but these will get an airing.

     

     

    Oh the Rangers are skint!

     

     

    Whose that coming over the hill? Is it the taxman?

     

     

    You’re cheats and you know you are.

     

     

    LB

  14. am i the only one who thinks they have only got a slap on the wrist for what

     

    they have done never mind the big tax case this year alone they have fielded a team with players who quite rightly should not have been on that field because of

     

    the vat and paye money that was with held and used to keep them afloat if that

     

    money had been paid rangers would have been insolvent long before now that

     

    is cheating of the highest order and the worst crime in sport and deserves

     

    expulsion at the very least then further penalties for bringing the game in to

     

    disrepute.

  15. The Honest Cover-up on

    Beattie probably did the right thing cutting the old bigot off.

     

    But I’d have been tempted to keep him on and expose his blind hatred.

     

    “So Neil has brought more shame on Scottish football than anyone in history? How is that then? For shouting at referees now and again? That makes him worse in your eyes than Craig Whyte who has lied to you and taken your club to where it is today?”

     

    Idiots like him have to be challenged. I’ve done it many times myself with others. “Why do you hate him?”

     

    “Eh, cause he’s a disgrace…eh…he jist is…”

     

    Give them enough rope to show themselves up for the morons that they are then just smile.

  16. The Battered Bunnet on

    Ernie, Bourne

     

     

    You need to separate the issue of the SPL Share and the SFA License.

     

     

    An SPL Share is transferable between clubs, and happens every year via promotion and relegation. The SPL are currently considering whether to permit the share to be transferred from an insolvent member to a Phoenix/Newco.

     

     

    The SFA Club License on the other hand CANNOT be transferred between legal entities. That’s what it says in the Licensing Handbook, as issued down from UEFA.

     

     

    If a Club License cannot be transfered between entities, I fail to see how a sanction can be. If Miller or similar investor/scavenger goes ahead and buys the assets of the old Rangers, and thereafter creates a new club, the SFA transfer embargo and any other sanctions will not be transferred.

     

     

    Of course, the Newco will be unable to take its place in the SPL with or without the share being transferred, because all SPL clubs must satisfy all of the requirements of UEFA’s Club License, something a Newco will be unable to do.

     

     

    In short, a CVA deal for Rangers will carry the embargo forward, but Rangers will play in the SPL (so long as they can avoid relegation), while a Newco solution will mean the new club escapes the embargo but cannot play in the SPL for 3 years.

     

     

    I’d say the SFA decision entirely kills a CVA now, and Rangers are looking at some form of asset sale and liquidation thereafter. Certainly, make a note that the last player ever to sign for the famous RFC plc (IA) was Mervin Celik, whose 7 week career might be the shortest on record also.

     

     

    All only in my view of course.

     

     

    TBB

  17. O.G.Rafferty on 24 April, 2012 at 13:43 said:

     

    Might be some interesting developments later this afternoon too…

     

     

    how…..WONDERFUL!!!!

     

     

    Care to give us a hint? :)

  18. The Spirit of Arthur Lee on

    Are you aching for the blade?

     

     

    That’s okay, we’re insured

     

     

    Are you aching for the grave?

     

     

    That’s okay, we’re insured

     

     

     

    Getting away with it, all messed up

     

     

    Getting away with it, all messed up

     

     

    That’s the living

     

     

    We’re getting away with it, all messed up

     

     

    Getting away with it, all messed up