Gang of 10 Arab Spring rebuked by Duff & Phelps

1001

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.

Thanks to those who responded to the request for help distributing leaflet information about CQN Magazine.  The leaflets will be with you this week, I’ll be in touch soon.  If you are able to help, please email me, celticquicknews@gmail.com.

The CQN Charity Golf Day in August has been oversubscribed again, applications are now closed.  Taggsy will get the draw completed and successful applicants informed by the end weekend.

To read CQN Magazine go to the dedicated site the graphic below is just an overview.

Thanks to everyone who has bought a hard copy of issue 7.  Order your copy for delivery by clicking on the link below for news and views from Celtic supporters.

Pay by card or Paypal.


Ship to:




[calameo code=0003901711c929f537703 lang=en page=42 hidelinks=1 width=100% height=500]
Click Here for Comments >
Share.

About Author

1,001 Comments
  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. 8
  10. 9
  11. ...
  12. 27

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

    Awe_Naw_No_Annoni_Oan_Anaw_Noo on 28 March, 2012 at 13:11 said:

     

     

    Bulls eye!

     

     

    “They tolerated for decades Rangers sectarian signing policies and for that they are now paying the price. It was that tolerance that allowed Celtic to become the big monster that it is and it was the unchecked and tolerated practice that allowed this situation to develop.”

     

     

    This is the real polarising ethnic dynamic in action. (sorry aboot the jargon)

     

    If you discriminate against a group, then they become marginalized and feel excluded from the existing cultural hegemony. Consequently, they find comfort, solidarity and support in areas where it is available to them. In this case, at the one football club that welcomes them unconditionally.

     

     

    I think you said it better actually…

     

    But, the fact is that THEY do not get it at all.

     

    Just as they don’t understand that the same discrimination and prejudice was directly responsible for the introduction of Catholic schools. The hypocrisy also escapes them, when they try to blame the existence of catholic schools for sectarianism. Catholics in Scotland were treated like blacks in America (at around the same time too). Protestant Scots did not want their children to share classrooms with Catholics, unless those Catholic children could be turned into Presbyterians through Protestant classroom religious instruction. Thus, their anti-catholic stance made the introduction of a separated education system for Catholics a necessity, just as in most of America black students were not allowed to attend white schools. Neither system was desired by the minority group, but rather it was forced upon both.

     

    Ironically, in Scotland, our old friend cognitive dissonance obliges the descendants of those anti-catholics to blame their own self-made and self-perpetuated mess on the descendants of the oppressed. A similar process is occurring in the USA regarding blacks (Their poverty/poor schools/crime is their own fault, and this attitude helps keep racism alive).

     

     

    The challenge I face is in trying open the eyes of part-time/apologist hun friends to the reality behind the treatment that Neil Lennon is subjected to. Got an email yesterday from one who admitted to admiration for NL, but then deplored him for being sent to the stands!!

     

     

    HH

  2. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    RalphWaldoEllison-is Neil Lennon Season 2011-12 on 28 March, 2012 at 15:18

     

     

    Glad you liked that post from me.

     

     

    RTC guy chose not to publish it.

     

     

    I think it´s because it would upset his hun mates too much

     

     

    Hail Hail

  3. This damning email at Ranjurs….was it from a Canadian Pharmacy with a subject line including the words ViaGRa and MaNhood?

     

     

    I get lots of those myself. It’s all totally innocent. :-)

  4. 67Heaven ... I am Neil Lennon..!!..Truth and Justice will always prevail on

    Correct me if I’m wrong, but is it not the case that rfcia will not be granted a license for SPL / EURO next season if they don’t publish audited accounts within the next 3 days…..???????

  5. The Comfortable Collective on

    I propose the motion that the First Tier Tribunal (FTT) is from now on known as a First Tier Panel.

     

     

    Then in future, when ever the darnel shout, spout or scrawl “F.T.P.” We’ll all know what they mean.

  6. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    67heaven

     

     

    that´s what the SPL rule book says

     

     

    Hail Hail

  7. Auld Neil Lennon heid on

    Aw Naw 14:56

     

     

    Do not rush to judge.

     

     

    Wit dae ah keep tellin ye?

     

     

    We’ll see :)

  8. ernie lynch, 15:18

     

    No, it’s not a question of it not going. They are involved solely to make sure there is no chance of it coming back to bite Channel 4.

  9. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Auldheid,

     

     

    I made my judgement decades ago ….. and although its unlike me to blow my own trumpet it looks like I was right

     

     

    Hail Hail

  10. Neil canamalar Lennon hunskelper extrordinaire on 28 March, 2012 at 15:16 said:

     

    ‘ernie..,

     

    if theres nothing in it why hasnt it been exposed as a big hoax ?’

     

     

    Any attempt to debunk the nonsense would only be regarded by those who believe it as further evidence of a cover up.

     

     

    ‘Why has there been no defamation cases ?’

     

     

    Because you don’t wrestle with a pig. The pig enjoys it and you end up covered in muck. And in this case, out of pocket.

     

     

    ‘Why have the Scottish Govt been forced to hand over documentation ?’

     

     

    Such as? And to whom?

     

     

    ‘Again you attack people involved as if they are criminals, are they criminals?’

     

     

    No I haven’t. The girl is an innocent pawn. The mother and Mr Green, I can only guess at their motivations.

     

     

    ‘Evidence, the child was awarded criminal damages for rape.’

     

     

    By the CICA, not by a court. Rape by whom?

     

     

    ‘Child identifies other perpetrators ( note you are very quick to dismiss the childs evidence)’

     

     

    And the child knew these people by name? She’s a vulnerable and suggestable person. She’s entirely dependant on her mother.

     

     

     

    Do you believe Elish Angolini is involved in the cover up? Yes or no.

  11. .

     

     

    ASonOfDan on 28 March, 2012 at 15:10 said:

     

    Summa of Sammi….

     

     

    All depend when we clinch the league. If it is against Killie then no chance, as that would be the game we receive the trophy.

     

     

    ..

     

     

    Cheers Buddi..I Think that Means l want the Huns to Win on Sat..:O(

     

     

    Summa

  12. Auld Neil Lennon heid on

    67 Heaven

     

    They may, note may, withdraw a licence.

     

    They will have no option as accounts are only confirmation a club is a going concern.

     

    Rangers clearly are not and arguably could have had licence withdrawen before now if administration =insolvency.

     

    The SFA could torpedo Rangers whenever they want, but no one wants to say “fire”.

     

    Application of the rules is the exception right now as opposed to the norm.

     

    Without a licence there would be no business to sell…..

     

    Think of it as the last attempt at applying the electrodes as someone shouts “Clear”.

  13. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Auldheid

     

     

    you surely mean

     

     

    “Think of it as the last attempt at applying the electrodes as the Doctor shouts “Clear” while standing on blood stained copies of his recently signed Hippocratic Oath” ;-)

     

     

    Hail Hail

  14. What is the Stars on

    Well who is Hollie Greig and why are Ernie Lynch and Canamalar having an argument over the case ?

     

    Very difficult to get any neutral/objective info online so far.I watched a video of her supporters protesting outside the Old Bailey during a recent case where the state was making an application to take Hollie (now aged 32) into care and obviously her mother was resisiting.

     

    The protesters were saying she was been taken into care to silence her (I presume the state would say it was for her own good as she was a vunerable person whose mother couldnt protect her)

     

    I did get the impression that the protesters were a little bit “wacky” and only too willing to believe that the Scottish Establisment “police/judges/doctors/social workers” had all conspired against this girl.

     

    However one of them went on about how “in the Vatican City the age consent has only recently been raised from 12 to 14 and the only people allowed live there are about 800 priests and some altar boys”

     

    Thats a bit strange

     

    Anyhow just because people seem a bit wacky doesnt mean they are wrong and of course just because someone is a policeman/judge/doctor etc doesnt mean they are right.

     

    But the reverse of that statement is also true.

     

    Anyway Canamalar and Ernie no point fighting over it.I am going to read as much as I can about it over the next few days and I will give my verdict shortly

     

    Bit like the Rangers Tax Case

  15. South Of Tunis on

    Auld Neil Lennon heid @15 34

     

     

    ” Without a licence there would be no business to sell ”

     

     

    Bang on .

     

     

    Care to venture an opinion on the business in question being given a licence ?

  16. Citibhoy Shoulder to Shoulder with Neil Lennon on

    ref Hollie Greig

     

     

    This is a massive establishment cover up – many of those involved were also involved in trying to prevent justice in the Shirley McKie Case…

     

     

    I assume Ernie is maintaining his Statist Established Unionist Position on this – just as Salmond does in his Established Nationalist does on this.

     

     

    The Establisment cannot and will not be challenged…

     

     

    Very much the situation Celtic, its manager and us as fans face at this very moment.

     

     

    To try and extinguish the CI award to Hollie on the basis that she is “vulnerable” is quite frankly nauseating. The CICA apply the same proof standards no matter who the victims are.

     

     

    Shame on you Ernie

  17. What is the stars,

     

     

    If you intend reading more into it, it’s worth looking a bit closer at a so-called-charity called “Common Purpose”. It is my sincere contention that it is they more so than the masons who are behind most miscarriages of justice and subsequent media whitewashes, something most Celtic supporters should be familiar with.

  18. 67Heaven ... I am Neil Lennon..!!..Truth and Justice will always prevail on

    Auld Neil Lennon heid on 28 March, 2012 at 15:34 said:

     

     

    April fool’s day should be interesting / enlightening, then…….LOL…!!!!!!!!!!

     

     

    SFA NEED TO VERY CAREFUL HERE……..think they may receive a few reminders….!!!!!!! ………. Double LOL ……!!!

  19. Laird of the Smiles aka PMTYH on 28 March, 2012 at 15:09 said:

     

    >>>><<<<

     

    up-market loony bin! lol!

  20. !!Bada Bing!! on

    Fined £21 k for Banner and lighting flares in Udinese.Hope PL is happy we now have a record.

  21. What was wrong with the banner?

     

     

    Was it the sentiment, or the language?

     

     

    Or both?

  22. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    The study of Premier League finances reveals that fans receive match-day ticket subsidies averaging at £25 per ticket. Although Man City’s place at the top of the subsidy table will surprise few, the level of loss per ticket sold (£161) is somewhat shocking. Perhaps more surprising are the unsustainable subsidies provided to Aston Villa and Bolton fans (£63 and £49 respectively).

     

     

    The analysis is based on Profit Before Tax for Premiership clubs over the past 3 seasons – any loss is apportioned to the number of tickets sold over that period (based on home attendances over the period). Few clubs have consistently made a profit during the last three years. Arsenal stand out as a profit-making club, but we need to remember that these figures represent profit before tax; after tax and amortisation of player contracts, the club barely broke even in the 2010/11 season (making £2.2m profit).

  23. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Sam Wallace: Spanish clubs’ unpaid tax bills are a disgrace – and a warning to all

     

    Talking Football: This is money owed to the Spanish people. On a sporting level it is “financial doping” at its very worst

     

    SAM WALLACE MONDAY 19 MARCH 2012

     

     

    When faced with the prospect of the Spanish government waiving the collective €752m debt the nation’s football clubs owe to the country’s tax authorities, the reaction in Europe last week was one of outrage. The German tabloid Bild even asked how long the German taxpayer would be obliged to subsidise the wages of Lionel Messi and Cristiano Ronaldo.

     

     

    What they meant was that while the European Union members bailed out the Spanish economy, successful Spanish clubs were failing to meet their own tax obligations. Strictly speaking, Real Madrid have no tax debt among the €170m debt that the club carry, but Barcelona owe €48m of their overall €364m debt to the Spanish taxman.

     

     

    Uli Hoeness, the outspoken president of Bayern Munich, got to the point rather more quickly when asked about the proposal to excuse Spanish clubs their tax debt. “This is unthinkable,” he said. “We pay them hundreds of millions to get them out the shit and then the clubs don’t pay their debts.”

     

     

    It is a uniquely modern European dilemma, encompassing EU bail-out funds and the competitiveness of the continent’s respective leading clubs, all of which ultimately adds another fiendishly complex element to the concept of Financial Fair Play, as proposed by Uefa president Michel Platini. It is further proof that while Spanish football is undoubtedly top dog in Europe, with five teams in the quarter-finals of the two Uefa competitions, it is not without problems.

     

     

    As The Independent’s Pete Jenson reported in these pages on Saturday, a government report in Spain last week disclosed that the equivalent of £625m is owed by Spanish clubs to the country’s public purse, with £353m of that due from 14 of the 20 clubs in the top division. This is not money owed to banks, investors or owners. It is owed to the Spanish people.

     

     

    On a sporting level it is “financial doping” at its very worse. On a social level it is nothing short of a disgrace in a country where youth unemployment currently runs at 50 per cent.

     

     

    Not all top Spanish clubs are culpable and it was reassuring to read in the breakdown of club debt by AS newspaper that Athletic Bilbao, the team of largely home-grown Basque stars who left English football spellbound with their schooling of Manchester United last week, do not owe the taxman a cent. So too Real Sociedad, Getafe, Villarreal and Sporting Gijon.

     

     

    On the other hand, Atletico Madrid, currently eighth in La Liga and drawn against Hannover 96 in the quarter-finals of the Europa League, owe the Spanish public purse €155m (£128m), more than any other club. The money from the €50m sale of Sergio Aguero to Manchester City last summer went straight to the tax authorities. Valencia, who play AZ Alkmaar in the same stage of the competition, owe €6m in unpaid tax.

     

     

    When Hoeness expressed German football’s bitterness that their government is, indirectly, subsidising the success of Spanish clubs it is the likes of Hannover he was talking about. Atletico’s big signing was Falcao from Porto last summer, a £33m signing financed by third-party ownership deals. Hannover bought Mame Biram Diouf from Manchester United. Enough said.

     

     

    No one would pretend that British football is the perfect financial model, especially given Rangers’ and Portsmouth’s debts to HMRC. Even the Germans have had their problems with Borussia Dortmund and Schalke. But unpaid taxes at a time when public services are being cut and jobs lost are particularly repugnant.

     

     

    Real Betis, Real Zaragoza, Racing Santander, Levante and Mallorca (denied a place in last season’s Europa League because of their finances) owe a total of €118m to the Spanish tax authorities between them. There are also suggestions that unpaid social security contributions by some Spanish clubs rival those eye-watering figures for unpaid tax.

     

     

    In the past, Spanish football has been protected by the assumption that punishing badly-run clubs would cause such a backlash against government by voters that it would not be politically expedient. There is no points penalty in Spain for going into the equivalent of financial administration as there is in England. But attitudes are changing.

     

     

    The governing political group Partido Popular has described the situation as “intolerable”. The government was forced to disclose the figures of unpaid tax because of an official request by Caridad Garcia of the Izquierda Unida (IU) party.

     

     

    A spokesman for IU, José Luis Centella, made the connection last week between the financial hardship felt by the Spanish people and the clubs’ failure to pay. “This is bad news for all the people who have lost homes and suffered from the cutbacks while there is this tremendous generosity towards football.”

     

     

    Wisely, the Spanish sports minister Miguel Cardenal announced last week that the government had dropped any consideration of giving football clubs a clean slate on their tax debts. There has even been a call from the centre-left party PSOE to ban clubs with tax debts from competing in the league, a rule that, already in place in Italian football, would change the face of La Liga overnight.

     

     

    Were the Spanish tax authorities to call in their debts tomorrow, Barcelona would surely be able to find, or borrow, the €48m they owe. Atletico, on the other hand, would find themselves in the kind of dire situation currently enveloping Rangers.

     

     

    There is a lesson for English football that in the risky game of investment and borrowing that most clubs enter as they attempt to fulfil the ambitions of supporters and owners, there are certain obligations that are non-negotiable. Football clubs command such loyalty and affection that they are too often cut slack, but, as the situation in Spain is starting to show, there is always a limit.

  24. !!Bada Bing!! on 28 March, 2012 at 15:55 said:

     

    Fined £21 k for Banner and lighting flares in Udinese.Hope PL is happy we now have a record.

     

     

    ………….

     

     

    I think you’ll find that is the fault of the tubes who brought the banner and the flares!

  25. “What was wrong with the banner?

     

    Was it the sentiment, or the language?”

     

     

    *Shakes head slowly and then proceeds to bang forehead against desk in a steady rhythm*

  26. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Sanctions to be ratified on 20-21 March in Istanbul 7 Feb 2012

     

    At the 24/25 Jan Executive Committee in Nyon, a number penalties for failing to meeting FFP criteria were agreed. Three sanctions are still to be approved and will be tabled at UEFA EXCO in Istanbul at the end of March. The Media Pack has been attached at the foot of this article and outlined the penalties as follows:

     

     

    Potential Sanctions

     

    Reprimand / Warning

     

    Fine

     

    Deduction of Points

     

    Withholding of Revenue from UEFA competition

     

    Prohibition to register new players for UEFA competitions;

     

    A restriction on the number of players that a club may register for UEFA competitions

     

    Disqualification from a competition in progress

     

    Exclusion from future competitions

     

    *shaded blue – new sanctions still to be approved by UEFA congress next March

     

     

    The ‘Deduction of Points’ sanction is interesting in that it has not been tabled previously by UEFA or publicly proposed by Platini. This punishment would seemingly apply to Group games in the both the Europa League and Champions League and offers a rather ingenious way of punishing clubs whilst still allowing them to compete in competitions at full strength. It is interesting that this new punishment has been proposed and agreed at Nyon, suggesting that may well be be a favoured punishment.

     

     

    The ‘Disqualification from competition in progress’ punishment is rather perplexing and it is difficult to envisage a situation where UEFA would apply this sanction for FFP transgression.

     

     

    Of the punishments that will be ratified in Instanbul, it is interesting to see the much-touted ‘Transfer Ban’ punishment has, as expected, been watered down so that player registration restrictions would apply to UEFA competitions only. UEFA have previously been concerned about the

     

    about restraint-of-trade issues that would arise following a full ban on player registration.

     

     

    The ‘Restriction on the number of players that a club may register for UEFA competitions’ offers some interesting possibilities. However the delightful prospect of a team being forced to field a team of fewer than 11 players seems unlikely!

     

     

    Although the menu of punishments has nearly been finalised, we are yet to find out what level of non-compliance would trigger a particular punishment.

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. 8
  10. 9
  11. ...
  12. 27