Scottish clubs are now subject to Uefa Licensing and Financial Fair Play Regulations which insist club’s pay creditors in a timely manner or become subject to sanctions. These pesky rules should prevent debts reaching a maturity of more than six months old and becoming subject of a Winding-up Order. I am sure old Heavily Conflicted, also known as the SFA president, will have sprung into action on hearing recent news.
The Rangers yesterday issued a short statement following Channel 4’s story that Orlit Enterprise threatened a Winding-Up Order, insisting, “Rangers Football Club is capable of meeting any debts presented legitimately and we would like to stress to our supporters there is no threat to the Club whatsoever”. They really need to stay on-message… football clubs are never threatened; it’s only the Company which can be liquidated! Apparently.
I hear Charles Green is on an international bucket collection, Dubai and then onto Australia. Meanwhile, it is crucial no one disturbs his important work. When you think of the people who could have taken ownership of Ibrox last year, he has been absolutely perfect.
On other matters……..
The new edition of CQN Magazine is out and available for your consumption. Written by and for Celtic fans, it is another Celtic joy!
I’m also delighted to report we have been seriously diss’ed by the Italians ahead of Tuesday’s Champions League game. Notes for the dressing room wall coming up soon!
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Evening all,
I’ve not read back since this morning so this might have already been covered but i noticed posters saying that Juve will have Asamoah back for the tie on tuesday…. is there not a 3rd place play off before the final?
HH
Forthcoming opponents Juventus are hopeful of having midfielder Kwadwo Asamoah available to face Celtic in the Champions League on Tuesday evening.
The 24-year-old left-sided wing-back was a member of the Ghana side defeated by Burkina Faso in the semi-final of the African Cup of Nations on Wednesday evening.
However, Ghana still face a third-place play-off against Mali in Port Elizabeth on Saturday. But the Italian champions are currently requesting the Ghana Football Association not to include the former Udinese player as they want him available for Glasgow.
Read more: http://www.celtic.vitalfootball.co.uk/article.asp?a=308303#ixzz2KEcQWxwq
Looks like they are panicking a wee bit.
Anyone recommend a bar in Malaga to watch the game next week?
Thanks in advance.
ScotPatsFan
17:08 on
7 February, 2013
Thank You
Till later
Ps O.G. has always delivered
Celticmac-I think Murray relieved them of the pesky”Albion Car Park” , for a whole pound,amazing what you can buy over there for that amount?
Huns new kit supplier…..
Umbrage
Sevco new kit sponsorship deal signed with Co-op Funeral Service.
Ashley has a stake in umbro – wheras sally just has a steakbake
The ‘cross league’ thing?!
Any club who find themself in a league with them will be VERY cross.
HH!!
Sevco shirt sponsors will be Sports Direct
The shirts will be made by Sports Direct
The Stadium will be named the Sports Direct Arena
Murray park will be sponsored by Sports Direct
Sports Direct will go into administration.
LB
tallybhoy
17:27 on 7 February, 2013
The ‘cross league’ thing?!
Any club who find themself in a league with them will be VERY cross.
HH!!
They are the last team you expect to see in a Cross league. Ask The Holy Goalie.
So if this Singapore consortium can chase its debt from sevco5088 to RIFC, why can’t BDO ?
ElfsborgQuickNews…………..Bangura shoots wide 89.
Seems Hun media are getting a bit worked up about the BBC article…..
We may be contractually obliged to allow them access to someone for interviews etc (SFL deal, who knows?) but if so send them wee Sadie the cleaner, or Jimmy Bell the bus driver, or big Senga the coffee shop attendant….anyone with absolutely no knowledge of football……
How bout Sally?
NC
I’m not sure if CH objected to them using the name ‘Rangers’.
Is there any actual record of this?
What I do know is that SEVCO SCOTLAND LTD, had to get the permission from DandP to change the name to TRFC.
The change officialy took place on the 31st July 2012.
So, what was the name of the club which played Brechin three days previous to this name change?
SevcoFC surely?
SPF
Donnay for sevco ! Last week Marie made a pitstop at a Killie paper roses gig ! Now her brothers in on the act modelling a new rotten mob kit with a big red and black flower replacing the deid clubs badge of disgrace ! And theyre calling it poppy love !!!
Was conjecture at the time but no proof.
Sevco only logical name shirly, agreed :o)
Good to see another Tim getting on
@DafPritchard: Breaking: Swansea City will unveil ex-Celtic midfielder Morten Wieghorst as their assistant manager tomorrow. #scfc
Does anyone on here have UEFA rules/regulations ? Do you also know if there is any exceptions with 3yr ban ?
retractable roof
B-)
zimmerman
You off to Spain?
hen1rik,
Can’t you find them on the website ?
zimmerman
Are You off to Spain?
hen1rik,
Try this place
http://www.uefa.com/uefa/documentlibrary/index.html
hen1rik
It’s not a ban, they just don’t qualify for three years.
Henr1k
http://scotslawthoughts.wordpress.com/category/uefa/
It’s in the third article down.
SPF
TwoMacaroons 17:39 on 7 February, 2013
Seems Hun media are getting a bit worked up about the BBC article…..
We may be contractually obliged to allow them access to someone for interviews etc (SFL deal, who knows?) but if so send them wee Sadie the cleaner,…………….
…………………………………………………………………………………………………………………..
As it happens, wee sadie the cleaner is a better manager than the pie guzzler.
Latest Hun paranoid statement.
ONCE again, Rangers are the subject of media reports and speculation which are at best misleading and at worst malicious.
In an ideal world, for instance, one in which journalism wasn’t at such a damning low it has to be investigated by the highest authorities with culprits facing jail sentences, there would be no need for this Club to respond.
However, because it has become clear Rangers cannot rely on basic honesty, decency or integrity from enough of the country’s media outlets we must speak for ourselves. We have a duty to our supporters to put the record straight.
Rangers have been disputing a payment to a foreign company, Orlit, although it should be stressed we have never said there is no bill to be met.
What we have said and what we are telling our supporters is that not all of the invoices submitted with regard to this bill are legitimate.
Clearly there has been a lack of understanding within the media about this when all we have done is refuse to be forced into paying sums we do not owe. It is as simple as that.
Who on earth would pay out when faced with a spurious request for money?
No matter what anyone else says, Rangers have agreed a figure to settle this issue and it is a figure which, as we have already tried to explain, is significantly less than the initial demand.
Only the wording, which would put this matter to rest once and for all, has still to be signed off.
And despite what some over-excited but desperately ill-informed bloggers claim, there is no threat of this Club being closed. That is downright malicious and ludicrous.
But let’s make one thing clear: If Orlit wish to instruct their lawyers to go to court then we will defend our position vigorously.
We are absolutely convinced we’d win but we did think it would be better to avoid giving our many detractors another bar with which to beat us over the head.
That’s why we made an offer to settle but we now find we are still being harassed.
The thought process seems to be that if we have £22m from the recent IPO we should just pay up. Bizarre. Why should we?
Of course we can pay the amount demanded – it is, as we’ve already stated, a small amount – but it is ridiculous to hand over more than is due.
The money belongs to Rangers and we will not give it out to anyone who comes along with invented invoices.
That would be reckless in the extreme and suggest that nothing has been understood from the past when Rangers were in effect mugged by money grabbers.
We are here to make sure that does not happen again. We do pay our bills on time and we have always been prepared to pay this one.
There are many people and journalists who will choose to disbelieve this truth but that is up to them.
They will continue to attack Rangers no matter what we say but this statement is not for them.
It is for our supporters. They deserve to know and understand the exact and precise state of play,
Rangers will not be closed. This Club will never run up crippling debts and we will not pay over-inflated salaries to players.
However, we will have a sensible pay structure which won’t threaten the club’s existence. That is what we believe the fans want.
Having said that, Rangers are rising and we will return to the top flight where we will be competitive again.
We are still very much at the beginning of a long road back and although there will be potholes to be negotiated, nothing will stop us.
Rangers are no longer soft touches. We will not bow to or run from bullies and we will not be pressured into handing out even £1 if it is not merited.
We are sorry if this, or the fact that Rangers are financially healthy, isn’t what people want to hear but this is the new reality.
It is for others to come to terms with that and also our continued revival. It would, however, be a pleasant change if we could be left alone to get on with our business.
whats with the Cricket adverts.
anyone for hospitality at Lords,
what what
Big morten..an inspiration, and a good celtic man.
If you can, check out DEADclub media thread.
Tom English hinting that Green has been lying to R*****s fans.
Some pennies starting to drop
i.e. “And so it begins like one yer ago. Anyone writing this off as media bull***t should think back”
Beyond belief that those words are from an official club statement. Amateurish at best.
Thommo back on form after afternoon blip with latest blog.
The eyes of the world saw what happened the last time they were left alone to get on with their business
SCUM
From Tomo:
Let us consider what Shakespeare wrote:
”All that glisters is not gold,
“Often have you heard that told.”
Words all football fans would do well to consider. Rangers fans in particular need to heed this, having been promised golden times from Sir David Murray, Craig Whyte and right now from Charles Green. If you believe his figures RFC is suddenly cash-rich after what the club calls a successful flotation. They’re talking about a genuine milestone reached.
Well – let’s see how much cash has really been raised and how much is promissary notes and all manner of other forms of not-all-that-hard-cash-at-all, to make up the fabled £20 million or more.
What really matters right now is confidence in the club, its finances and its flotation -and when it comes to confidence: the spectre of an unpaid £400,000 threatens to loom large.
Rangers strategy when Channel 4 News broke the story yesterday seemed to be to say and do nothing for many hours, before eventually issuing the statement we put up yesterday, in which they said that the sums sought were insignificant, agreement had been reached subject to the necessary paperwork and that the club was “capable of meeting any debts presented to it legitimately”.
This morning a source close to Orlit Enterprises contacted Channel4 News to respond to Rangers position.
07 rangersblog r graphic Rangers a public wrangle over £400,000
Ranger have said that the issue is settled subject to paperwork but refuse to explain what this means, they’re keen to sweep the entire business away by insisting it is insignificant.
My understanding from Rangers is that the club does not regard this as “debt” so its statements about being a “debt-free club” remain accurate and truthful. Rather, for Ibrox this is a little local difficulty about a contract.
However my source close to Orlit Enterprises in Singapore says that “no settlement has been reached” with regard to the outstanding sum of £400,000 which unlike RFC they do not regard as insignificant.
All of which leaves Rangers with – at the very least – a PR disaster which they appear either unwilling or unable to clear up. They have not explained at all why the contractual dispute arose? Or what the disputed issue is? Or why Orlit completely refutes Rangers assertion that the matter is settled barring some paperwork? Or what that paperwork is? Or frankly answered any detailed questions at all about this matter whatsoever.
Yet by the same token Rangers do not dispute or deny there is outstanding money. Nor the party involved. Nor the reason why the services were contracted. Nor the time frame involved. We gave them every chance to do so.
Nor does Rangers FC deny or dispute anything in our story yesterday concerning Orlit’s reluctant intention of beginning winding up proceedings against the club to recover the £400,000 it claims is owed it by RFC.
You have to ask why? Surely the fans are due this? Surely they who are again putting hard-earned cash into the club deserve to know what is going on?
So might other parties like potential investors and those watching from beyond Glasgow, in the City of London for instance. However you carve it up, getting into a now-public wrangle over a relatively simple matter of £400,000 is PR suicide when you are touring the world touting the new club as an attraction to investors.
They will have questions. We do. Fans do. And Ibrox is incapable or unwilling of providing answers. Sitting in Govan calling it all insignificant and minor should not satisfy fans as it does not satisfy us and will not satisfy investors worried that £400,000 might not be a minor or simple matter for the club.
The club tells the world it has raised over twenty million in the recent share offer. If it’s an “insignificant sum” – answer some simple questions and pay up?
With each hour that passes in silence and non-payment from Rangers, the deeper the damage to the club and investors confidence in its real level of financial security.
Follow Alex Thomson on Twitter: @alextomo
Henriks Sombrero 17:58 on 7 February, 2013
Did ra bomber write that furrem. Breath taking arrogance yet again from der hun.
Henriks Sombrero
Clearly the work of ole Chortles Green
The kit man must have written that ‘fishal statement’ or it’s an outburst fae a constipated, corpulent Jabba.
The unraveling continues…