I didn’t realise until watching TV last night it was Keith Lasley that Anthony Stokes ‘did’ on Saturday, the player who put Adam Matthews out of the game for a couple of months. It’s a physical game, and I’m not going to concede violent behaviour is acceptable, but it would be super-human to not be affected by earlier violence. We need to rise above this.
On a similar theme…. Another incident I missed at the game was James McFadden wresting Fraser Forster, who was holding the ball, early in the second half. Minutes later Fraser threw himself to deny McFadden what looked like a certain goal.
Players need an edge to be able to summon their very best performances, and a wee nyaff climbing all over you is as likely to give you an edge as anything. McFadden has a few years left in him. He’s at a well-run club who will give him the platform to excel, if he can find the focus to deliver.
I see some re-writing of history today and over the weekend on where responsibility for Newco Rangers acute financial plight lies. Among throwing blame on convenient scapegoats, one-time-hero-though-transparent-chancer Charles Green, and financial director, Brian Stockbridge, few seem prepared to offer up the prized oaf.
They banked £22m from a share issue and cash from circa 30,000 ticket sales, enough to see them through to top flight football, as long as they didn’t blow it on football bling. So who was responsible for doing exactly that (if you can stretch the definition of bling to Jon Daly and even lesser appealing gems)?
Sure, Stockbridge and Mather signed off, and they certainly knew the financial situation the club was in, but we know enough of the story to explain why it happened.
Despite having a budget close to 100 times their opponents Newco suffered considerable humiliation at the hands of fourth-tier clubs last season. Without reinforcements their chances of progress from the third tier was far from guaranteed – if they continued to allow Ally McCoist to run football operations.
McCoist was unsackable. He played the fans perfectly, earning a ridiculous contract and shares a 1p each for his ability to put bums on seats. Mather had to throw enough talent into the squad to ensure promotion with McCoist in charge, then rely on Charles Green to pull together another share issue.
The question you have to ask is, once McCoist had his reinforcements, who torpedoed the Charles Green supply ship?
No one is going to tell you Charles Green is a man you would want associated with your club, but before mob-rule ensured his attempts to raise investment cash were quashed, should someone not have asked the questions, why did the board find it necessary to bring such a pariah back and what happens if we throw him and his investment plans out?
We’re about to find out.
If suggestions that Newco will come close to expiring cash in hand before season ticket income arrives are accurate I expect they will get there, even if players don’t agree to a wage cut. Companies can control when to pay creditors, even HMRC, who despite what is likely to be an acute interest in Newco, would take months to complete a debt recovery action.
Don’t get too drawn in the minutia of this, whether an insolvency event happens or not does not change the fundamentals, which we touched on last week. Newco had a gamblers chance of turning into something resembling Oldco.
Spooking the SPL into giving them a ticket into top flight football would have seen them debt free and competing for last season’s SPL. Three years of paying our bills while losing the league would have been pointless. I genuinely think only one of Glasgow’s big teams was ever going to survive the SPL decision on Newco.
Had they liquidated Oldco, then flooded Newco with talent and won the league, Celtic would not have recovered, a reality that should be remembered when journalists talk about Scottish football harming itself in 2012. It was them or us.
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morrissey the 23rd viva resolution 12!
I thought you had been locked up for being a mischievous tim…good to see you back on board ;-))
Martim1980 @ 22:15,
“……. did Regan sent this to you electronically? Also, do you find a bit strange that he was “happy” to continue a football licence (which your saying it is even in the transfer) given they’ve had not had audited accounts, which I believe is the requirement to hold onto a licence?”
Yes it was sent electronically…
They don’t have a licence, but you don’t need it in the lower leagues, they will need licence if they get promoted and it if they qualify for Europe they can get a temporary licence if necessary, unless they don’t go insolvent again they will be accommodated to compete at whatever level and whatever competition they qualify for on sporting merit.
Auldheid has done a lot of good work on this stuff, he understands all the requirements.
Hail Hail
Chairbhoy 22:05
The Oldco license was transferred to Newco. The confusion is caused by Reagan giving a unprecedented temporary license to the team that was no longer Oldco but weren’t yet Newco to allow them (Whoever they were) to play Brechin City. Yip! He is still there. Get ready for the introduction of more new rules or interpretation or current rules should Sevco in distress require it.
DjYNWA67
Joe has been here for 4 years now. And he has been as good for us as we have been for him.
If he wants to go down south and earn a few bucks then fair play to him.
He can leave with his head held high.
sipsini @ 22:27
Amazingly not yet.
Chairbhoy @ 22:31
My understanding is that to qualify for Europe. Newco require three years of audited accounts. Stop laughing.
djynwa67-TBH as soon as a £12 mil bid was on the table,VW would have no say in the matter.
WeefratheTim @22:10
There is no need to worry. Cheers!
Pretty sure JL would like to stay with us for some time yet- as long as we agree to his contract demands.
Chairbhoy,
Okay thanks, so the SFA are still to make that decision, and they require those accounts audited and non-admin to take place to meet criteria for said licence to compete….should they get there? Sorry I thought they weren’t even able to this given oldco breaking of the licence rules.
HH
Note- Doesn’t look like Newco honoured the five-way-agreement. Maybe they never even signed it.
http://msn.foxsports.com/foxsoccer/europe/story/spl-sky-rangers-to-be-granted-sfa-license-073112
Note the response from the media and governing body(sic).
Morrissey the 23rd @ 22:36,
That was my understanding, but you aul mate – Auldheid found out a temporary licence can be granted by the National Football Association. In our case the SFA…
Think it’s in case an unlikely qualifier makes Europe i.e. Spartans win the Scottish Cup.
But as you say, basically as you say, there will be an interpretation of the rules to facilitate them on their way.
Their incompetence in fiscal matters is the only blessing.
Hail Hail
Chairbhoy
I can change my name by deed poll to Michael Jackson. If I had £22m in the bank I could buy the rights to his songbook. I could get a perm (or maybe wear a wig). I could slim down and learn how to moonwalk. I could go on stage and sing all the songs I then owned. I could ask people to come and listen to me. I could state categorically that I was the one and only original Michael Jackson. Some deluded fans may believe me.
Question……… Am I Michael Jackson or not?
Again. If they were the same entity there would be no need to transfer the membership as they would already own it.
or another way
I am a member of a golf club with 2000 members. My membership number is 1872. I decide to leave the golf club and resign my membership. You are the next approved applicant to join. The club gives you my membership number which now becomes your membership number. Are you me or not?
HH
HH
Sounds like they will either go into admin or live in a climate not too dissimilar. Did you not get the memo?
http://www.philmacgiollabhain.ie/out-of-the-loop/
!!Bada Bing!!
22:37 on 20 January, 2014
djynwa67-TBH as soon as a £12 mil bid was on the table,VW would have no say in the matter.
The way I see it is that VW knew he was going in the summer & he wanted. I base my assumptions on the rhetoric of both his agent & his national team manager. Ofcourse that don’t make me correct but that is just my opinion.
_________________________________
As for Joe Ledley, if he got bigger ambitions than playing for Celtic f.c then I think it is very disrespectful to both our club & its fans to be saying you wanna stay around for a long time to come.
Hail Hail!
Chairbhoy @ 22:47 Oh yeah. I remember that now. Was there not a reason it did not apply to a Newco? Three year audited accounts? I recollect the talk at the time was there were clubs who did qualify. ie Spartans.
I’m not challenging Auldheid. He can correct me if I’m wrong. The man is a living encyclopaedia with instant access to the fact required.
djynwa67-agree ,selling STs is harder if star players say they want out.I posted a few months back that IMO Ledley put the tools away when the huns died,and has been coasting most weeks,he will leave on a Bosman in the summer.
Morrissey
Fox can’t even spell License (sic) correctly. They have confused License (sic) with membership.
Interesting thought on the 5 way agreement. Perhaps that’s why it’s so secret; that it was never signed and so has no binding at all, meaning that the SFA acted as they did without any formal agreement in place? Something unenforceable for all 5 parties? Perhaps they’re all acting as if it was signed but all know it wasn’t?
HH
Oh No They’re Not! @ 22:48
That depends on your lodge number.
Morrissey?
Has there been any (forward) movement on the Resolution 12 question from the club? If not, when can we expect some?
Morrissey
Chairbhoy
Auldheid has been saying in order to play in UEFA competition, they need to be full members of the national association for three years.
Kikinthenakas
Morrissey 22:57
Aye. :-)
.
Great Article Paul67..
Strange Epilogue..
Had they liquidated Oldco, then flooded Newco with talent and won the league, Celtic would not have recovered, a reality that should be remembered when journalists talk about Scottish football harming itself in 2012. It was them or us.
“Had they liquidated Oldco, then flooded Newco with talent and won the league”
Only one of the above 3 happened..if the other 2 had happened..“Players need an edge to be able to summon their very best performances” ..Personally l think if the above 3 had happened every Person connected with Celtic FC from top to bottom and Fans alike would have rallied like Never before and Probably had More chance of Doing 10 in a Row than they have Now..
Bring back the Edge..Not Mono-Bono..
Who to Blame for the Shenanigans..?
l remember on here Years ago calling out Murray for his ‘Red Herring’..”We must sell Kris Boyd in this Transfer Window” and getting laughed by All the People Who were Too busy Laughing and ordering Ice Cream..
at the Moment they are doing the ‘Good Cop..Bad Cop’ well..Remember never Trust a Good Cop..
Finally l wonder if Walter Smith will be Wheeled in ‘Out of the Blue’ as if by Magic again this Year (2 Days before ST are Due)..I Just wish like in the End of the Scooby Doo shows..someone would Rip the Mask off the Old Guy who who is Pushing the ‘Good Cop’..out of the Shadows..
Summa of WalterMittyMurrayCSC
!!Bada Bing!!
22:55 on 20 January, 2014
djynwa67-agree ,selling STs is harder if star players say they want out.I posted a few months back that IMO Ledley put the tools away when the huns died,and has been coasting most weeks,he will leave on a Bosman in the summer.
_______________________________________
We’re talking about a player that could’ve renewed his contract at his hometown club to get them a reasonable fee from whoever wanted his signature. He didn’t.
Some nonsense (I hope) this morning about Georgios going to West Ham.
I’d be surprised if he does go there as he’s always stated money was not his priority.
If he and Joe do stay and we sign Robert Snodgrass, that is a lot of left sided players in the squad.
I’m not complaining as left footed players are generally more pleasing to the eye and are more creative :–) I’m generalising and do appreciate Jinky, Paul McStay and Henrik!!!
Guess what foot I kick with!!!
Still think the gameplay could be to get more than 25 points ahead in the league and then offer up a ‘technical admin’ just to clean up the past you understand and will be sold to the gullibles as a new start and …….. by the way……….. gies yer money furra season book!
or am I too cynical?
HH
Sorry Chairbhoy but I’ll stick with the facts of that time. It is easy to check when sevco played in the cup in their first season and the widely reported fact that they did not have a vote in football matters much to the chagrin of McMoist
Any pics re the SFA corrupt to the core banner?
Martim @ 22:40,
Yes – I don’t like to be the bearer of bad news but that’s my take, if we believe the Football authorities won’t grant them continuation, or facilitate any leetle official problems they have on the way, we are deluding ourselves.
Oh No They’re Not! @ 22:48,
I’m with you, Rangers FC went bust and got liquidated… end off…
But if you believe we are not going to see the history continue on Official Scottish and European Association/League sites you will be disappointed.
Interestingly enuff, when Charlie was asked if he thought it was fair that he had to pay Rangers Football Club’s debts/fines etc he said to the journo [paraphrasing]…. it’s not a matter of right or wrong, it’s the cost of admission…. you pay your annual golf fee membership don’t you?
Morrisey the 23rd @ 22:54,
The three years was certainly stated, as was the conditional membership and THE Rangers stuff, but I believe in reality the path was/is a lot smoother than some suspect, we’ll see.
Hopefully they’ll just gorge themselves to death on SB & IPO cash and we won’t have to concern ourselves.
BTW Got you biography for my Birthday – looking forward to the read.
Hail Hail
Bawsman @ 22:58
http://www.philmacgiollabhain.ie/update-to-the-resolution-12-statement-of-19th-november-2013/
We will continue to provide updates via Phil.
kikinthenakas @ 23:00
I believe that is correct too. Auldheid knows his stuff. MUCH better than … well, anyone IMO.
Hope the Carnoustie Hotel were wise enuff to get their upfront.
Oh No They’re Not!
23:07 on 20 January, 2014
Still think the gameplay could be to get more than 25 points ahead in the league and then offer up a ‘technical admin’ just to clean up the past you understand and will be sold to the gullibles as a new start and …….. by the way……….. gies yer money furra season book!
or am I too cynical?
In the Scottish game it would be cynical to think otherwise.
Ok guys, fermin duties to attend to in the morning. So I will bid you all a very Good Night. See yas. :))
Weefra HH supporting Wee Oscar.
The big problem Sevco have is not creditors, very few if any would give them any credit, neither is it the bank as again they have no line of credit. Their problem is wages, no administration is going to address this issue unless they issue redundancy notices first. They are fecked….Sally, Directors, Spivs and players are taking, they will hope to hang on til ST renewal….but that will be eaten up unless there are big cuts in wages, bonuses and salaries.
It is an endless sh!tstorm for them.
Kikinthenakas
Easy enough to find this …
Sevco Scotland Ltd acquired Ibrox Stadium and Murray Park on 14 June 2012 after the rejection of a proposed CVA meant that RFC 2012 plc would enter liquidation. along with various other assets including intellectual property, goodwill and various contracts.An application to transfer the Scottish Premier League membership from the ‘oldco’ to the ‘newco’ was rejected on a 10–1 vote.
Thereafter, an application to the Scottish Football League was successful with Rangers securing associate membership and a place in the 4th tier of Scottish Football, Division 3, for the 2012–13 season
HH
Chairbhoy @ 23:13
Morrissey has signed a two album deal and starts recording in February. Tour very likely.
Has anyone seen the five-way agreement? Aren’t the contents even more of a myth than the misinformation listed above? I’m sure it’s rewriten every time it might interfere with sevco finally reaching the top league
Graham Spiers @GrahamSpiers Oct 25
Dave King is in Scotland this w/e in pursuit of Rangers. I would have thought he will want up to 29% of the club in a share-placing.
Gregory Ioannidis @LawTop20 Oct 25
@GrahamSpiers Unless there is a plan for a corporate ‘re-structuring’ in which case other considerations could apply.
Phil MacGiollaBhain @Pmacgiollabhain Oct 25
@LawTop20 @GrahamSpiers Like a debt for equity swap in an Administration?
#CVA
#SecuredCreditor