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Gang of 10 Arab Spring rebuked by Duff & Phelps

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Comments from Duff and Phelps yesterday that they were not in favour of changing the SPL voting system were intriguing.  Kilmarnock chairman, Michael Johnston, was pretty blatant about his agenda when speaking to the BBC on Saturday, suggesting the actions of the Gang of 10 was a “pro-democracy movement” similar to the Arab Spring, saying:

“It might make it easier for the [Rangers] administrators to get whatever they are going to try to achieve whether it is a CVA or new company to be informed and re-joining the SPL and SFA.

“The support of the 10 clubs might be needed at some point.”

Too right the support of the other 10 clubs might be needed at some point if a new company is to join (not re-join, for goodness sake!) the SPL and SFA.

Back in October last year we predicted Rangers would be liquidated, a Newco would be formed and would be voted straight into the SPL, with only Celtic arguing the need to maintain sporting integrity.  Everything we have heard since has reinforced this view.

The debate among the Gang of 10 has matured so far they see no issue in openly offering to support a Newco’s entry into the league in return for money (which we predicted earlier this month), mostly generated from Celtic fans, as it happens.

We await Johnston responding by sticking to his high-minded principles and telling any Newco they will not enjoy Kilmarnock’s support.

Duff and Phelps still have an enormous amount to achieve before they will even be in a position to apply for entry to the SPL on behalf of a Newco but if they do, they will surely offer the Gang of 10 a take-it-or-leave-it proposition. The Gang of 10 will take it. This debate is not about democracy, it’s about directors at clubs like Kilmarnock, who I believe now have debts of over £10m, finding a way to deal with their years of unchecked overspend.

The debate around St Mirren director, Ken McGeoch, would surely outrage sensibilities in any country in the world so I’m pleased his fellow directors have called for his resignation.  In November last year McGeoch invited Rangers company secretary Gary Withey to a meeting at the St Mirren boardroom where he revealed player contract details.

St Mirren are up for sale and could be purchased for what previously amounted loose change at Ibrox; McGeoch met Withey to discuss him purchasing the club from his fellow directors and shareholders.

For a Rangers director, influence like that should be impossible to acquire.

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  1. The Pantaloon Duck on

    On the first part of the journey

     

    I was looking at all the life

     

    There were plants and birds and rocks and things

     

    There was sand and hills and rings

  2. The Spirit of Arthur Lee on

    Heading to the square with a couple of sly bottles.

     

     

    Here comes the sun

  3. Billy’s Bhoy on 28 March, 2012 at 11:20 said:

     

    BTW Reilly1926 your language is atrocious. I’m telling my Auntie!;-)

     

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

     

    I didn’t know any sweary words until I married into her Family ! :-))

  4. After nine days I let the horse run free

     

    ‘Cause the desert had turned to sea

     

    There were plants and birds and rocks and things

     

    there was sand and hills and rings

  5. Paul67

     

     

    Posted first this morning about the Gang of 10 selling out to Newco nad how it made me feel sick.

     

     

    Between this, the treatment of Neil Lennon and The Police abusing their powers to target Cletic fanzines and supporters I would turn my back on Scottish Football.

     

     

    But this is Celtic, were you never walk alone…

     

     

    HH

  6. The Honest Mistake loves being first on

    Paul67

     

    Hmmm,

     

    Forming a cartel to rig the votes in an existing democratic process. Is that really like an Arab Sring?

  7. Vinibhoy - Named Neil Lennon on his birth certificate on

    Paul67,

     

    Bhoycott of Kilmarnock is a must!

     

    Then anyone else we know is definitely in favour of Newco.

  8. Are the SPL still maintaining that the decision on whether a newco huns is admitted to the leaguse is one solely for the board of directors?

  9. pedrocaravanachio67 on

    Stephen with a ph

     

     

    Yeah, that’s us. Forth place. Michael comes down to the games with his son Ross ( he lives near Carnoustie ). He’s planning on getting season books next year.

     

    Did you pal with him at school? the fact you know where we stayed ( my mum’s still there ), would suggest you knew him well.

  10. The Pantaloon Duck on

    In the desert you can remember your name

     

    Cos there ain’t no one for to give you no pain

  11. pedrocaravanachio67 on

    lafan on 28 March, 2012 at 12:29 said:

     

    st berts

     

     

    locally known as this….. short for St Cuthberts.

     

     

    don’t think there is an actual St Bert!

  12. Have I got this right?

     

     

    Yorkston is skint and in debt.

     

    He has managed to get into this state when having potential for 8 games against the country’s 2 best supported teams.

     

    His solution: I will leave and form another league where there is less money available.

  13. Why are Duff and Phelps getting involved in any discussion about a newco? Why does this have any influence on their task at (the current) rangers PLC to maintain it as a going concern?

     

     

    These sly nods and winks to Duff and Phelps “vote with us and we’ll let the newco in” should have no influence on the administrators. Even if they eventually liquidate and seek maximum value from the assets, they cannot sell anything with the promise of direct entry to the SPL as fundamentally, the SPL license isn’t theirs to sell.

     

     

    Such an application would have to be made by the newco after they had acquired the assets (stadium) and would be voted/decided at that point.

  14. Reading the comments. Poetry day?

     

     

    They were people, they were proud.

     

    Disappeared like blue cloud.

  15. BrotherAidanIwisnaelate on

    The reponse to the 10 is simple. Go ahead, resign and leave the SPL. Invite the top 10 teams from the division below to join the SPL with the same terms and TV money at present. Would we notice any drop off in standard. Widnae think so. The 10 can then play one another with no TV money, sponsor money games against Celtic. Would they last long. Doubt it.

     

     

    Tell them GO AHEAD….

  16. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Hun Roosting

     

     

    By Ted Hughes

     

     

    I sit in the top of the wood, my eyes closed.

     

    Inaction, no falsifying dream

     

    Between my hooked head and hooked feet:

     

    Or in sleep rehearse perfect kills and eat.

     

     

    The convenience of the high trees!

     

    The air’s buoyancy and the sun’s ray

     

    Are of advantage to me;

     

    And the earth’s face upward for my inspection.

     

     

    My feet are locked upon the rough bark.

     

    It took the whole of Creation

     

    To produce my foot, my each feather:

     

    Now I hold Creation in my foot

     

     

    Or fly up, and revolve it all slowly –

     

    I kill where I please because it is all mine.

     

    There is no sophistry in my body:

     

    My manners are tearing off heads –

     

     

    The allotment of death.

     

    For the one path of my flight is direct

     

    Through the bones of the living.

     

    No arguments assert my right:

     

     

    The sun is behind me.

     

    Nothing has changed since I began.

     

    My eye has permitted no change.

     

    I am going to keep things like this.

  17. SonsOfErin on 28 March, 2012 at 12:43 said:

     

    ”These sly nods and winks to Duff and Phelps “vote with us and we’ll let the newco in” should have no influence on the administrators.”

     

     

     

    D&P can’t openly say they’ll vote for a change in the voting rules without admitting that liquidation is inevitable.

     

     

    Once the FTT decision is announced you might see them be more conciliatory to the ten.

  18. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    anybody know how much Ken McGeoch wants for his St. Mirren shares ?

     

     

    Hail HAil

  19. The Pantaloon Duck on 28 March, 2012 at 12:42 said:

     

    There is a St Bert. He was martyred alongside St Ernie.

     

     

    ———————-

     

     

    now that was funny.

     

     

    ;-)

  20. Joe Filippis Haircut on

    I have little doubt that a Rangers newco will get straight in to the SPL remember who the establishment are in this bigoted wee country.That will be the end for me of Scottish football why follow a sport that is corrupt before we only thought it was corrupt but for me its now been proven the Newco straight back into the SPL would be the final straw.H.H.

  21. I have got a trenchcoat

     

    I got it from my loft

     

    its got buckles and belts

     

    and wide lapels

     

    and padding, oh so soft

     

    I think I really suit it

     

    but it makes me look a geek

     

    my friends all seem to like it

     

    they say it is unique

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