Resolutions to be voted on at the 30 April meeting are proposals from the Scottish Premier League executive (Neil Doncaster). They have nothing to do with the Gang of 10 nor are they a Duff and Phelps/Rangers conspiracy. The resolutions are not set in tablets of stone and have no authority in their own right. The League has form in voting down executive resolutions, in particular overthrowing plans for a 10 team league last year, so, in theory, the votes could go for or against.
Neil Doncaster, being as thorough as he is, has almost certainly shared his plan with the man along the corridor at Hamden, SFA chief exec, Stewart Regan. He is also likely to have taken guidance from the Uefa executive, specifically CEO David Taylor, formerly of this parish. It would be unnecessarily lax to leave legislative loose ends before embarking on such a radical plan, so forget about any intervention by the SFA (cough) or Uefa.
Putting preconceived notions aside (if I can), the resolutions are flawed.
Asking for 8 clubs to vote for a Newco to be allowed into the league, but requiring 11 to vote for a financial penalty to be imposed for an Insolvency Transfer, is beyond ridiculous. The former provision – the gift of continuity to a defaulter – is easy to achieve. The latter – the punishment for defaulting – is unnecessarily difficult. Duff and Phelps will need the support of only one club – let’s say Dunfermline, who are brogue-to-brogue with them anyway and due to relegation will not be affected by the financial penalty, will vote with them. Why would Doncaster put such a high bar on setting financial penalties?
Arbitrary voting thresholds smack of gerrymandering. Can anyone explain this in any other way?
There will now be a period of debate between clubs; Celtic will oppose any provision for a Newco to enter the league. Duff and Phelps will be in the opposite corner. You can expect to hear wailing and gnashing from Rangers (IA) along the same ridiculous lines they have used ahead of the SFA hearings into the behaviour of the club in advance of, and after, Craig Whyte’s purchase of the club. On that occasion, Duff and Phelps argued that the actions of Rangers’ new owner, or the failure of the old board to conduct their business correctly, should not lead to a penalty on the club.
It doesn’t matter how lax or severe the proposed penalties, Duff and Phelps will oppose them. Anything lessening of the penalty is worth money to the proposed new buyers of Rangers, so let’s view everything Duff and Phelps say in pound notes.
Rangers have unpaid bills potentially running up to £134mm that’s medicine, operations, road repairs and Help for Heroes. Allowing them to ditch their history and start afresh, where owners profit by securing a floating charge over the stadium, where fans can continue to be provided with a team in the league, creates an unprecedented moral hazard. It rewards irresponsibility and would create a queue of clubs ready to do the same.
And on the point of ditching their history… I openly mock anyone who uses phrases like Hybrid Liquidation. You don’t get Hybrid Liquidation, Partial Liquidation or Liquidation Lite. You cannot buy or sell history, as Duff and Phelps tried (and failed, I think) to convince Rangers fans. Liquidation would mean Rangers Football Club, established in 1873 (or 1872 as they now claim), incorporated in 1899, is finished.
Just pay your bills and do us all a favour.
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RobertTressell @ 10.13 and 10.39 – do you know what? You’ve really got me thinking now. Maybe there’s hope after all.
My only remaining concern is the more general principle – a new co should be precisely that so why should ANY new co come straight into our top division.
Jobo
@traceyt91: #rangersfcandthesfaforevertainted http://t.co/xLFN4LjJ
I support Celtic not the spl, couldnt give a flying feck about any other team in the league.
If all this comes to pass yes it will be wholly unfair but not exactly unexpected.
why would any Celtic fan then choose to punish their own club (that I presume they profess to love) by not buying season tickets?
Yes stay away from other clubs grounds but Celtic have done nothing wrong and I know all the board haters are loving the chance to have a dig again (winning the league really put the buffers on your usual rants) but what can the board actually do?
If Rangers newco back into the league it will not be because of anything our board did or didnt do. The rules are already being rewritten to make sure celtics vote is worthless anyway so celtics hands are tied.
All you will do by giving up tickets is punish celtic financially for being well and prudently run this century and despite financial constraints that no other mananger this century has faced (and to be clear i do not blame the board for this – in fact the team built with the resources is a credit to all those involved) wefind ourselves in a position that with or without rangers implosion we can dominate for years.
If rangers newco into spl it is scandalous, gut wrenching and downright wrong. It will make me support celtic all the more.
OK – I’ve decided that there is a silver lining.
NewCo will be admitted to the SPL with -10 points and lessened revenue streams. They will have to start afresh with their playing staff and due to their financial resources will be competing with the lower teams in the SPL for players.
The net result will be that NewCo won’t win many matches, will get relegated and spin into oblivion.
Result !
Oh oh, the men in white jackets have returned, it may be a while before I post again…
AndyM on 12 April, 2012 at 10:46 said:
Robert T –
you are correct to an extent (coming up from the 3rd would probably be a better option for them) and as far as I know if a club liquidates the player registrations default to the league.
But the point here for me (don’t laugh now) is the principle.
———————————————————————————————-
All things being equal I agree. the principle – the justice of it – demands a div 3 start. Integrity goes out the windae if it doesn’t happen.
I suppose I am just trying to find a ‘happy place’ if they are allowed to escape natural justice.
Ideally they will start life in Div 3, titles will be wiped, slates cleaned and then we get to do battle with them again in three seasons time if they are good enough to get promoted.
Have to get on with things fholks. Can’t wait for the game on Sunday by the way. hopefully our third last ‘big’ game of the season (Scottish cup final and playing OldCo Rangers for the last time being the other two IMO!)
It is going to be a great ride between now and the 30th April.
I will not be surprised if that date is also postponed for a later date.
In the meantime we should see the decision of the FTT
How HMRC will react to it. I think it is clear that if Rangers lose the BTC then no CVA will be accepted.
It will not be accepted by Rapid Vienna as they have already stated and expect full UEFA backing and have quoted the FFP so I imagine all football clubs will argue for a full settlement using this argument.
Will UEFA step in …. and when ?
Will UEFA advocate a CVA for HMRC and St Johns Ambulance service but not for Rapid Vienna and other European clubs but not Scottish clubs and the SFA ??
If Celtic legitimise these proposals by not abstaining or it transpires that Celtic have indeed already been involved in the proposed changes then it is a moot point.
We would leave ourselves exposed to any possible legal repercussions if we were to participate in setting up a money laundering system for the benefit of the Head of the SFA, Ex executive chairman of the European Club Association, Craig Whyte, Craig White, Paul Murray, Martin Bain, John Grieg
Which leaves the question IF the SFO will step in ?
When I should be asking …. where are they ?
This is what should be happening and this is where our ire should be directed not at those who are trying their best.
Hail HAil
Hail Hail the Celts are here,
what the hell do we care now!!!!!
Glasgow Celtic Champions oh oh oh oh oh oh oh………..
And on that note, see ya’ll later.
With todays news that the SPL board will vote through new regulations on the
30th April we can all well and truly say the game is a bogey.
http://www.scotprem.com/content/default.asp?
page=s2&newsid=11256&back=home
Where does this leave sporting integrity?
What is to stop Hearts or Dunfermline or Kilmarnock or indeed Celtic from
increasing their debts to unsustainable levels by buying players they can not
afford or improving their grounds or training grounds then saying “Sorry can’t
pay you all”
What is to stop Ross County from spending £20M putting together a squad in
the summer, securing top 6 status then going into liquidation?
Does this send out the message that cheats prosper while others that play
within their means don’t?
This doesn’t just affect Celtic fans; this affects the WHOLE of Scottish football.
What notice of the fans will the chairmen pay attention to?
WE can only grab their attention by getting them where it hurts, in the
pocket!!!
Now I am normally against boycotts, as I believe that this affects the players
on the park but I do believe in everyone’s right to peaceful protest but that
would not work in this situation.
So can we the fans and I mean ALL fans of ALL SPL clubs get our message
across?
Well I think we can, we can let ALL the club chairmen know how we ALL feel
and let them know before the vote on 30th April.
There is no point boycotting this weekend’s games as they are organised by
the SFA.
That only leaves the SPL games of the weekend 21/22 April! Most people will
already have bought their tickets, so how can we get our message across.
We can not hurt them in the pockets at these games as the tickets have been
purchased, but we can get the message across that we can hurt you in the
future.
If EVERY fan of EVERY SPL club goes to the game as usual to support their
team as normal, but then at half time EVERY fan walks out and protests
outside the stadium we can stand as one.
We can get the message over to the club chairmen that WE the fans of
Scottish football will not stand by and see the game we love destroyed by
greed.
We will not stand by and see cheating rewarded.
We will not allow the game to be tarnished.
We will not allow sporting integrity to die.
I believe that the majority of right minded fans will feel the same way and I
include the majority of RFC fans in this as I believe that a lot of them are not
happy with the way their club has been run lately and are ashamed by the
shenanigans that have taken place. I also believe that a lot of them believe
that they should pay their dues and will also see this as a cheat’s charter.
So we need to spread the word, by twitter, by Facebook, by email by word of
mouth by any means available, lets go viral, that we the fans will not stand
for it and that we WILL walk out en masse at half time at ALL games on the
weekend 21/22 April.
ALL FANS UNITE AGAINST THE DEATH OF SPORTING INTEGRITY AND
THE BEAUTIFUL GAME.
By @606AlfieConn
As well as the TV deal, the Celtic board should also be targetting scuppering any new SPL sponsorship deal. With Clydesdale ending their deal next year the SPL are currently trying, and failing, to secure a new sponsor. A statement from Celtic emphasising that should the cheat’s charter be accepted then they will not support nor co-operate with any prospective SPL sponsor.
We are the only club who can comfortably survive and prosper with our turnover from gates, merchandise and club specific sponsorship deals, the others need the SPL sponsorship and TV sponnsorship money just to survive.
Threaten to hit them where it hurts and they will quickly fall into line.
Compare and contrast:
Gretna FC goes bust. Gretna 2008 formed – currently playing in the East of Scotland league
Rangers FC PLC (in administration) goes bust. Rangers 2012 formed – admitted straight to the SPL?
Swap £134m debt for 3 years point deductions? Wow?
That’ll hamper them securing European place?
Oh that right they are banned for 3 years already…
It’s like getting £45m sponsorship over 3 years!!!
Plus they escape the JJB deal!!!!
I ask our board …
What do we do?
@MTHForum: I firmly believe RFC and the SPL/SFA know the result of the BTC, this is why they are scrambling now, next few days we will all know.
My last post was a quote from the notonewco site. They are trying to form a cross club allegiance of fans to mount a joint campaign before the vote.
SuperSutton on 12 April, 2012 at 11:04 said:
”The net result will be that NewCo won’t win many matches, will get relegated and spin into oblivion.”
######
If the newco huns are struggling the penalties will be rescinded.
Scottish football needs a strong Old Firm!
These proposals are hard to get my head around. If, say, we were talking about Kilmarnock going bust and forming a newco, could they too be voted back into the top flight next season? Or does the new plan only apply to Rangers?
@STVSport: The SPL will launch an Under-20 league from 2012/13 after clubs approved its introduction. All SPL teams will take part http://t.co/1SS3A9gE
@STVGrant: Very interesting line in SPL Under-20 league introduction that clubs from SFL may also be allowed to take part. http://t.co/CaND4r7h
Hmmmm another sweetner.
Fulham chairman Mohamed Al Fayed has launched a scathing attack on referees, claiming they are influenced by ‘the more powerful Premier League clubs’.
Fayed has spoken out after Fulham recently suffered a 1-0 defeat at Manchester United, where Danny Murphy was fouled by Michael Carrick in the penalty area a minute from time only for 27-year-old referee Michael Oliver to ignore penalty claims.
The Cottagers chairman has been frustrated by the inconsistencies and errors which he believes are too readily accepted by football’s governing bodies. Fayed, who has written to the Football Association and the Premier League calling for a review, said: ‘The FA’s problem in addressing this pivotal situation is that it has too much power.
‘Where else can decision-makers (referees) escape all responsibility to admit serious and blatant errors and have the protesters (the football clubs involved) fined on charges of misconduct?
‘The losses that we incur from such careless decisions have a huge impact and can have calamitous consequences.
‘Referees are too easily influenced by the more powerful clubs and individual owners. It calls into question the integrity of them and the governing body they report to.’
Al Fayed has also urged the relevant bodies to immediately embrace video technology as he believes English football is lagging behind.
‘We need brave pioneers in the Premier League, the FA and within the Premier League shareholder group,’ he said.
‘In the past I wrote to highlight the need for the Premier League to lead the way with the introduction of video technology.
‘After many years, it appears that the Premier League has admitted I was correct all along.
‘It is time for the Premier League to wake up. They have been in a coma for a long time.
‘Lots of clubs are suffering from such stupid decisions. Advanced technology is available and it is evidently being used in other sports.
‘Once again I call for action to review the standard of officials, and the transparency of the processes by which referees are allocated to games.’
Managers join Botham on walk
Celtic and Partick managers Neil Lennon and Jackie McNamara will join Sir Ian Botham on Thursday on the first leg of a charity walk.
he duo will join former cricketer Botham as he completes the first leg of a charity walk in support of blood cancer research.
Sir Ian, nicknamed Beefy, will walk around 160 miles in and around cities across Britain over the next 10 days. He will start in Glasgow, stopping off at 10 locations and finishing at Ham House, London on April 21.
Throughout the “Great British Walk”, which will raise money for blood cancer charity Leukaemia & Lymphoma Research, he will be joined by young patients who are either being treated for the disease or are in remission.
During their playing days at Celtic Lennon and McNamara played alongside current Aston Villa midfielder Stiliyan Petrov, who was recently diagnosed with leukaemia.
The Celtic manager posted on his Twitter page on Wednesday: “Doing a walk tomorrow with the legend that is Ian Botham. Be good to see you all there giving him your support.”
Thursday’s 10-mile walk starts at Malmaison Hotel in Glasgow’s West George Street and ends up at Drumpellier Park in Coatbridge, North Lanarkshire, where Sir Ian will be joined by members of the public for the last four miles.
Around 30,000 people are diagnosed with blood cancer such as leukaemia, lymphoma and myeloma in the UK every year.
In 1985 only 20% of children survived the most common form of childhood leukaemia. Now more than 90% survive the disease, according to Leukaemia & Lymphoma Research.
To date, the charity said it has invested £2.4million in research into blood cancers in Glasgow, including at Yorkhill Children’s Hospital.
Botham, the charity’s president, said: “I need people to sign up and join me on the walk and help ensure that every child diagnosed with blood cancers, including leukaemia and lymphoma, survives. I won’t stop until we beat childhood blood cancer, but I can’t do it without you.”
Lennon said: “I’m delighted to be able to take part in this event which is raising money for such an important and worthy charity.
“Of course, I’m only walking a small part of it. Ian Botham’s trekking round Britain and it’s an incredible thing he’s doing. I know that Ian’s done so much great work over the years for charity so he deserves all our support.
“And I would encourage as many people as possible to get involved next week for this great cause.”
Gary Withey breaks silence about Rangers crisis
Gary Withey, Rangers’ company secretary and a former partner with Collyer Bristow – the London law firm who advised Craig Whyte on his takeover at Ibrox last May – spoke on Wednesday night for the first time since the club went into administration on Feb 14.
The man who was at one point described by the administrators, Duff and Phelps, as “key to the understanding of all sorts of guarantees and deals” at Rangers, quit Collyer Bristow in early March, citing family reasons for his departure.
At the time former colleagues indicated that Withey had received threats so serious that they were reported to the Metropolitan Police. The Met, though, declared that they did not have a record of any such complaint and Strathclyde Police stated that they had not been advised by any English police force of threats emanating from within their force area.
However, Withey told The Daily Telegraph: “The threat was very serious and very specific, with details relating to my family, which were deeply alarming. I am still in possession of it.
“My mobile phone number was also published online – I had to change it – and I can assure you that the matter was reported to the police.”
Asked how aware he had been that Whyte was siphoning PAYE and VAT income at source to use as cash flow instead of remitting it to HMRC, Withey said: “The only people who knew about that – apart from Craig Whyte – were the people who worked in the accounts department. I was not involved in the day to day running of the club.
“What did surprise me was that Rangers went into administration when they did because HMRC had been fairly straightforward to deal with and it looked as they were going to agree terms with the club. Then they became belligerent.
“I have had no contact with Rangers since the administrators came in and although it seems that some people think I left Collyer Bristow with a financial package, I did not get any kind of pay-off.”
Withey is acting as a consultant for Segens Solicitors – the company’s specialities include mergers and acquisitions and insolvency and bankruptcy.
Senior partner, Michael Segen, told The Lawyer magazine: “I’ve known Gary for many years and value his corporate expertise. I’m sure Gary will be a very valuable asset to this practice.”
Duff and Phelps have until April 16 to file any alleged claims of professional negligence or breach of fiduciary duty against Collyer Bristow on behalf of Rangers but Withey stated that he knew nothing about the case and would not be present in court on Monday.
In another development, the Ibrox administrators criticised the timing of the Scottish Premier League’s announcement of proposals for more severe penalties for clubs that go into administration.
Rangers were deducted 10 points as soon as their insolvency was notified in February and the resultant gap of 14 points between them and Celtic effectively ended the race for the championship, which the Parkhead side clinched at Kilmarnock last Saturday.
If proposals to be put before the SPL clubs on April 30 are accepted, any club undergoing an insolvency event will be penalised 15 points or a third of their previous season’s points total – whichever is the greater.
One non-Old Firm club chairman told The Daily Telegraph: “Rangers were deducted 10 points but they are still second in the table. A 10-point deduction at the bottom has a different effect and, by allowing a variation in the punishment, it can be made to be more equitable across the board.”
Rangers finished last season as champions with 93 points, so if the sanction had been applied when they went into administration two months ago they would have been deducted 31 points, a sanction that would have left them currently level with Inverness Caley Thistle, who are in 10th place in the table.
That in turn would have meant that the final Old Firm derby of the season, scheduled for Celtic Park on April 29, could not have taken place and the season would have finished with an odd number of meetings of the Glasgow pair for the first time ever. Moreover, it would have deprived the broadcasters of an instalment of their biggest attraction for viewers.
The proposed penalties cannot be backdated but they would apply to Rangers if the club does not emerge with a CVA before next season opens on Aug 4. Should Rangers still be in administration on that date, they would open their campaign with a minimum deduction of 21 points and a maximum of 26 points, if they win their remaining five games this season.
If the proposals are accepted and Rangers are admitted as a ‘newco’ to the SPL before August, they would be deducted an immediate 10 points and the same again for 2013-14. Another proposal clearly shaped by recent events at Ibrox would require clubs to report any failure to make payments to HMRC in respect of PAYE and National Insurance contributions.
Any club suffering such a ‘default event’ would have a player registration embargo imposed. In a suggested change driven by Hearts’ failure to pay players on time on several occasions this season, such incidents will be deemed a breach of SPL rules.
Rangers’ administrators issued a statement that said they had hoped to announce acceptance in principle of an offer for the club but could not do so because they were now obliged to advise prospective purchasers of the proposals and give them time to digest the possible consequences.
They added that “the fact that such measures are being considered at such a sensitive point in the sale process at Rangers is disruptive and regrettable”.
Dignity of The Thirties (Contd)
02/01/1933 Rangers 0 Celtic 0 League Division 1
“ The outstanding incident in the game concerned the refereeing more than the play. In the first half, when Celtic kicked into the wind, a nice pass from A. Thomson enabled R. Thomson to gain position. The wing man was tackled from front and behind and came down in rather an over-elaborate manner. The whistle sounded for a penalty-kick; Rangers protested; the referee consulted one linesman and then awarded a throw-down.”
11/02/1933
“ In the crucial top of the table clash between Motherwell and Rangers the teams were level with no score after 65 minutes but then in an incident between the Motherwell keeper McClory and the Rangers forward English a penalty was awarded and the keeper sent off. The referee had not seen the incident but was alerted by the linesman. Rangers scored from the penalty spot and went on to win easily. The result allowed Rangers to topple Motherwell off top spot in the league table. “
The No.13 Shorts on 12 April, 2012 at 10:52 said:
Let’s boil it down to the bare bones. If any newly constituted club gain immediate entry into any Premier League, that league is a Mickey Mouse League. That is an indisputable fact.
—————————————
i posted on the previous thread, what id Donald Trump decides the windfarms are to much for him, and decides, to keep his scottish interest, to start a soccer ball team ?
he could lobby the SPL for one of the current shares ( wether that be through relegation, or simply a cabal of chairmen, with flashing pound signs in their eyes, to oust an existing member), get a licence to play football, just as the facecombers will do with these plans and then have his team playing in top flight football.
money is obviously a key factor. the SPL can be bought.
question is, can the SFA ? will the SFA do the right thing, and protect their ethos of developing, nurturing, and promoting the game at ALL LEVELS ?
I would like to see them say they will not allow any new company to ‘skip the que’ straight into the top leauge, bypassing the other 30 clubs in the lower devisions. no licence will be granted, other than any potential vacancy at the bottom of the pyramid.
i await with baited breath.
on celtic, i will continue to support them financially ( unless they are party to this stitch up). I will not attend any away game ever, and i will cancel my subscriptions to sky/espn and either watch celtic via the pub or computer at home
Hail Hail!
The Man Utd fans had their protest against the Glaziers with their green and yellow scarves, would be good if there was a no to newco scarf on sale at all SPL grounds
@LawTop20: Delay over SPL voting structure http://t.co/pGwChhqf
Don’t forget, if a club liquidates and a Newco is formed, the owners must all be different – otherwise creditors can pursue them for the debts. They would also lose all their players and start again from scratch. A club like Kilmarnock would be taking a huge risk voting for a 10 point deduction – it would make relegation a strong possibility.
The one club that won’t benefit from these changes is Hearts. Vlad’s bank owns the debt, so they’re unlikely to be liquidated any time soon.
Celtic can argue against this, bring up sporting integrity, yada yada, but if this is how it’s gonna be, so be it – we’ll have to deal with it. Not going back to Celtic Park is out of the question for me. Punish Celtic for Rangers Newco re-entry? Er, ok.
They will be financially hamstrung for the next decade and I, for one, am going to enjoy it.
Im not particularly clear on the need for new liquidation rules
Were there not existing rules in place that covered the so called insolvency event?
Are the existing rules something along the lines of the club due to be relegated doesn’t go down and the club going bust, well goes bust.
If so, why are we establishing new rules, with different options, its like seeing big john greig getting ready to scythe down a young jimmy johnstone in the penalty box, while the SFA hurriedly rewrites the rules about penalties half a second before impact takes place
I note that Duff and Phelps are painting this as a blow to rangers
The country have gone without hospital beds, ambulance men, nurses and teachers, emergency services so that RFC could preserve their bitter sordid and openly sectarian record, It seems to me that the actual SFA/SPL penalty for writing off 140 million quid of debt is somewhere around 3 defeats per season for two seasons only.
Hardly appropriate….
And apparently they don’t do walking away? If they had a single shred of dignity or integrity they would commit to repaying their debt over ten or twenty years.
If this change goes through then the whole notion of the SPL as a contest with sporting integrity is dead.
If the rules are changed for the benefit of one club and one club only, any notion of fairness is gone forever.
If a new club is allowed to become a member of the top league just because it suits commerical interests, the idea of the SPL as a sporting event is fatally compromised.
If any club is ever allowed into the SPL by any route other than its league position in the previous season, it ceases to be a football league and becomes a cartel.
I’m Neil Lennon (tamrabam),
You’re right about the current rules – the huns would disappear.
And that’s exactly why new rules are being proposed.
It is also important to note that, in the SPL’s eyes, “a club” would not cease to exist if a share is transferred. If Rangers’ share is transferred from oldco to newco, they would not be required to have a new club name, new badge or new colours and their SPL record would be preserved.
hen1rik on 12 April, 2012 at 11:27 said:
@LawTop20: Delay over SPL voting structure http://t.co/pGwChhqf
One almighty stitch up on 30th april then. You (gang of 10) vote for newco entry straight back into SPL and against any financial penalty and we (fc taxdodgers) will vote for new voting structure.
Fait accompli
i will never step foot into an away ground in scotlandif liquidated huns are allowed back into the spl under these terms, so if they are voting to grab the blue pound they better be prepared to give up the green pound
I’ve been trying to find out what players have scored in more than one European Cup Final. Obviously we have Tommy Gemmell, there’s the early madrid guys Di Stefano, Gento, Rial, Puskas. Then we’ve got Eusebio, Gerd Muller and Roth of Bayern, Phil Neal and recently Messi. Any others?
Hope it’s the Singaporean consortium that wins out – am keen to hear what happens when Hugh Keevins says ‘Bill Ng’.
Why don’t Celtic issue the SPL the 2 year notice period ,of resigning from the league.That is sure to put the cat amongst the pigeons ,re sponsors,Sky deal etc etc.It will say to other big teams in smaller leagues,that we are looking for change and we are a very attractive option for a Euro/Atlantic, even EPL 2/Championship that will need re-vamped if and when a few clubs go bust down there.It might not happen,but we need to plant seeds of doubt to the fans of voting in Newco (IA)
Extraordinary on 12 April, 2012 at 11:45 said:
Raul
Extraordinary-van Basten? McManaman ?
Extraordinary on 12 April, 2012 at 11:45 said:
Del Piero as well i think
up_over_goal on 12 April, 2012 at 11:31 said:
”Don’t forget, if a club liquidates and a Newco is formed, the owners must all be different – otherwise creditors can pursue them for the debts”
That’s incorrect.