There are so many plot lines in the epic story that Scottish football has become it’s easy to lose track, especially when the chief executive of the SPL insists that he still doesn’t know if Rangers have a case to answer in connection with improperly registered football players – a completely untenable position on week 11 of the inquiry.
He should know. If he doesn’t, he should resign and allow someone else to pick up the baton.
While this drama has dominated headlines the important storyline happened off-stage. 11 days ago the Blue Knights consortium, fully aware of how time-critical events were, said their accountants needed to be place at 9am on Saturday 12 May for Rangers to achieve a CVA. Even more importantly, they also said that a Newco would not work.
If the Blue Knights men were in place on 12 May creditors could have voted on a CVA this time next week. As it is, creditors still have nothing to vote on, the prospective buyer has not been able to put a deal to them.
Green’s failure to produce an offer since being appointed nine days ago, alongside missing his own deadline to announce a creditor’s meeting on 6 June, are the most important acts in this month’s play, so far. He has to find funders who are able to see a return on investment which Paul Murray and Brian Kennedy tell us does not exist. It’s worth noting that both of these men will be far closer to the financial realities of running Rangers than anyone Green will find in Bangalore.
Unless a consortium can be pulled together that will offer money for the assets of Rangers FC, the company will expire next week when it runs out of money. No CVA, no Newco, no matter what Neil Doncaster does.
Don’t be surprised if Mr Green walks away soon.
You can buy a hard copy of the new issue of CQN Magazine via Magcloud here.
The graphic below is just for a flick through, to read the magazine go here to it’s dedicated site.
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dbbia,
you say the sweetest things
RTC new post;
http://rangerstaxcase.wordpress.com/2012/05/22/doncaster-dooms-spl/
New article posted by RTC, intersting info regarding Nerlinger who was apparently the first hunnite to get an EBT !
DBBIA
Ha sadly not. It was the Barony about 8 miles outside of Dumfries if memory serves me right. It was only for a year but have some pleasant and strange memories from your old District.
If you pause for a minute and ask yourself, what would the “rangers minded” like Celtic fans to do?
a) buy season tickets in record numbers- enabling new talent to be sourced and entering a real G O D.
b) don’t renew season tickets- downsize, still be better off than them, but for how long?
Hamilton tim
Not this year . Not this summer. Not when this historical opportunity has arisen.
I concur heartily with why you support and the feelings that being together gives us.
But this is far more than that.
This is about removing the blight.
This is about stemming the abuse.
This is about the future of our children and our people.
It is about their freedom and the opportunities that are presented to them in their lives.
This is about 7 x 24 x 365 x 70
This is about Brother Walfrid.
This is about principles over money.
This is about Celtic over Old Firm anyway you want to look at it.
I tell you what I will not label you Old Firm over Celtic but be rest asurred I am thinking it.
Hail HAil
H/T -I know the Barony well, mainly for horny handed sons [and daughters] of the soil , I think.
RTC has a new post up.
Ooooft!
That new post on RTC is a belter.
Looking forward to Mark Daly’s program even more now.
Neil canamalar Lennon hunskelper extrordinaire – I can’t make a protest against something that hasn’t happened. As it stands Rangers are still in business, and may yet exit admin via a CVA (they won’t though).
There’s no NewCo to let into the SPL, so why would I hold off renewing my season ticket, on the basis that a NewCo in the SPL shows that it is corrupt and broken?
If it should come to pass that a NewCo are admitted, I’ll consider cancelling at that point. My refund may or may not go back into Celtic depending on their response.
In the meantime, I simply cannot see a justifiable reason for not renewing as normal.
Awe Naw
That’ll suffice :-)))
You use the phrase, “This is Brother Walfrid”
I completely agree, it is him and the ethos which he fostered that make it so important, for me in any case, to continue to support the club and maintain those ideals regardless of what PL, DD et al are doing.
hamiltontim
Agree 100% mate , I have renewed my season ticket and my older Bhoys and have bought a new season ticket ( his first) for my youngest Bhoy .
My sons and I support Celtic Football Club , no one else . And I strongly object to being called on OF supporter .
My dilemma comes if the cheats are allowed back in with little or no penalties , then I will have a big decision to make.
Who I take my anger out against will be many , but Celtic Football Club will not be top of the list
Saint Stivs:
That “hovering hawk like” quote in connection to McGrory reminded me of a basketball match I seen in Chicago in the late nineties: to see Michael Jordan miraculously “hover” was a truly awe-inspiring & incredible sight when he played for Chicago Bulls. Jordan wasn’t comparatively tall but he could out jumped anybody, with what seemed a combination of timing & that Angelic ability to float mid air…I would never had thought it possible for a skin & bone man to do what Jordan did many times in every game he played…I have no doubt Jimmy McGrory had the same unique gift.
First of all. The board at Celtic have played this perfectly so far. They would have been utterly mad to have made any other comment than the one they have made so far .
The media are desperate to attach blame to anyone other than Rangers for the forthcoming failure of the CVA. I wouldn’t mistake this silence for a second as a sign that Celtic will vote in support of Rangers. I believe they won’t and they know they can’t.
As Paul67 has pointed out there is nothing for creditors to vote on. There has to be a question if D&P will ever have an offer that would cause creditors to pause in contemplation for even a nanosecond before rejecting it.
It’s a pity for Rangers CVA hopes that morally bereft individuals like Michael Johnston don’t decide on this aspect. He has made his position clear.
Rangers will be shown to have behaved in the following way after Mark Daly’s documentary on Wednesday:
1 systematically cheated every single season since 2000/01
2 actually what else matters after 1. The rest is well known and cause for expulsion from the league on its own, however it will pale into insignificance on Wed night
Yet Johnston will stick his paw in the air with enthusiasm at the first opportunity to vote Rangers new club into the SPL. The morally bereft voting to save the morally bankrupt. Aided and abetted by a disingenuous and misleading backer in Doncaster.
To place the Celtic board in that space is not only ridiculous it is also completely untrue
DBBIA
I studied the horny headed creatures of the sea. Really enjoyed my time down there, some lovely little villages dotted around and the only bad experience in the town of Dumfries was when I had the misfirtune to bump into Ian McCall :-(
The new RTC article is up
Nerlinger was the first to benefit from an EBT in the SPL at £1MILLION outwith his SFA held contract
BOOM
hamiltontim on 22 May, 2012 at 15:53 said:
buy shares then make a sacrifice :-))
Hail HAil
” If Doncaster’s dream comes true , and newco RFC just start playing in the SPL without any penalties , then Scottish football is dead ”
True, very true..
Anyone for Old Firm tag wrestling ?
I studied the horny headed creatures of the sea..and now the World is your lobster.
Barcabhoy on 22 May, 2012 at 15:55 said:
We know this. It is Newclub that concerns us.
Hail Hail
From RTC,
Neil Doncaster’s intelligence-insulting interview on SSN this week places another few pieces of the jigsaw together as to how plans are shaping up to deal with Rangers’ corporate failure. Other blogs have already dissected this interview very well, so I will not dwell on the details. Instead, we will look at what is shaping up as the plan “to fix” Scottish football.
As we have discussed for several weeks, Doncaster wants Rangers in the SPL regardless of how much they owe HMRC or other football clubs. He wants them in the SPL regardless of whether cheating on a massive scale has occurred or not. Doncaster’s attempt to bluster his way to getting acceptance for the idea that a CVA and a newco-Rangers are the same thing is just stunning in its gall.
Doncaster is a key player in this dance. Therefore, I assume that he has been made aware of the Duff & Phelps plan. His interview this week was simply a crude attempt to blunt the impact of any accusations that might be contained within the BBC Scotland documentary to be aired on Wednesday night at 8pm. Either through an incredible degree of cynicism or playing the role of useful idiot, Doncaster’s cheer leading is key to a plan that will do more to destroy the Scottish Premier League than any loss of income from the temporary absence of a Rangers-type club from could ever do.
One must assume that Doncaster is actively delaying the report on the dual contracts. It would take less than twenty minutes for any lawyer to see that there is a prima facie case against Rangers FC. Demonstrating a prima facie does not require looking at every piece of evidence or even getting close to providing proof. It is literally a check that “on the face of it” there appears to be something behind the allegations. Doncaster denies that there is a “go slow” instruction on this investigation. In the fullness of time, it will become clear that something is amiss.
The law firm of Harper McLeod have been hired by the SPL to investigate if a prima facie case against Rangers on the dual contract issue exists. Let me help Harper McLeod out a little.
On 28 July 2001, Rangers played Aberdeen at Pittodrie. Rangers won the game 3-0. Making his debut that day was a German who would later go on to become General Manager of Bayern Munich, Christian Nerlinger. He also scored one of the goals. That game against Aberdeen marked the first game where the EBT scheme that is the subject of the ‘Big Tax Case’ interfered with the Scottish Premier League.
Harper McLeod should take a look at Nerlinger’s contract filed with the SFA. Next they should obtain Nerlinger’s contract documents and payment history from Rangers FC (IA)’s administrators. Comparing the contract to the payment history alone will expose payments of well in excess of £1 million that are not listed on his SFA-registered contract. There is your prima facie case, Mr. Doncaster. There is no need to investigate any further to demonstrate that Rangers have a case to answer and that an independent inquiry is required. The current Bayern Munich general manager will not be worrying about this issue. He received an indemnity letter from Rangers’ finance director at the time where the club accepted responsibility from all taxes and liabilities resulting from Nerlinger’s payments from the EBT scheme.
It is clear that Doncaster just does not care about the rules. He just wants a Rangers in the SPL next season. Doncaster’s “CVA / newco- what’s the difference?” routine presumably betrays some insider knowledge of how this pantomime will play out. My thoughts on how this will most likely end are laid out below.
Talk of a CVA is just window dressing to appease the less realistic element of the Rangers support. Whyte can pledge his shares in the club for £2 safe in the knowledge that a CVA is not going to happen. (Strictly speaking, Whyte himself can always scupper a CVA).
We are heading for a newco of some description. The key point, Mr. Doncaster, is whether Craig Whyte’s floating charge is still meaningful. If it is (and people with more advanced legal training than me cannot find a consensus on whether it will be) Whyte will be content to let this drama unfold. His friends at Duff & Phelps will continue to potter about while reality continues to sink in with the wider Rangers support. In the end, Whyte will play his trump card and call in a receiver who will sell all of Rangers’ assets to a newco for a sum that will go entirely to Whyte- stuffing all of the other creditors. A plan to achieve this outcome would explain a lot of Duff & Phelps’ actions over the last few months.
If Whyte’s floating charge does not support a legitimate debt (and I expect some court drama over this point), then Rangers’ assets will be sold to a newco and the proceeds divided among the creditors. They will be lucky to receive 5p/£ even in this path, but they would not get more in a CVA anyway.
A newco of some form is inevitable. The liquidation of The Rangers Football Club plc is also inevitable. The debate is not over whether the newco will return to Scottish football, but over how. If Doncaster’s dream comes true, and newco-RFC just start playing in the SPL next season without any penalties, then Scottish football is dead.
There are many other possible formulae for a fair outcome. Many Rangers fans want the newco to start in SFL division 3 and play their way to their place in the SPL like anyone else. It is also possible to have the newco pay an “entry fee” over a number of years that would serve as a deterrent to others. It would also serve, to a degree, as compensation for the carnage wrought on the Scottish game by Rangers during the years of Murray’s excesses. There are lots of ways to arrive at a fair outcome. However, the money-men who might own newco-Rangers will not want that and Neil Doncaster has their interests at heart. Sport? Fans? Mere irritations.
Bro Walfrid buried in Graveyard on Craig’s Road, Dfs
‘Oh a grey grim land was the Borders old, in the days when life ran free,
Where the blood of youth, still flows a sold, where the Criffel meets the sea’
oopla ! –
Forgot to credit Rangers Tax Case -22 /5 /2012 for that quote.
Auld Neil Lennon heid on 22 May, 2012 at 15:11 said:
‘Is it the Chinese who say crisis brings with it opportunity.’
I think it was Lisa Simpson who said that the Japanese word for crisis is the same as for opportunity.
Apparently it’s nothing of the sort.
How rank was Christaian Nerlinger ??????
FourGreenFields on 22 May, 2012 at 15:54 said:
I posted earlier that if Celtic are complicit, which I don’t think they will be, then I would be the first in the car park to call for their resignations.
Time to head home mate you take care.
I want to know how they paid for Laudrup.
Afternoon bhoys, hot and hun free.
Looking forward to seeing a few of the kids get a run out tonight.
Awe_Naw 16.02
I was actually just thinking that, a million quid tax free for that dumpling!!!!
cavansam
played 25 times scored two goals
The trick for the SPL to fool the naive, the gullible and the credulous is to come up with some apparently punitive sanctions for the huns which will not hinder them any more than their cash strapped situation will have already done.
A bit like two prison sentences running concurrently.
Over to you, Mr Doncaster.
Rangers are preparing to sign Borussia Dortmund midfielder Christian Nerlinger for £2.5m.
The 28-year-old is due in Glasgow this week to discuss personal terms with the club.
The left-sided midfielder is seen as the ideal replacement for Jorg Albertz who has left for Hamburg.
With Giovanni van Bronckhorst also leaving Ibrox, Rangers are now severely depleted on the left.
There are still some odds and ends to tie up but we are hopeful that a deal can be concluded before long
David Murray
Rangers chairman
Chairman David Murray told Rangers’ official website that terms had been agreed with Dortmund for Nerlinger and he also underlined new first team coach Jan Wouters’ role in attracting the player.
“We are reasonable hopeful of sorting everything out and we will be signing a very strong player who we think will be a great addition to the playing staff,” said Murray.
“Jan Wouters had a strong influence in the deal. He knew him from his team with Bayern and saw him develop into the type of player who earned six caps for Germany.
“There were offers from other clubs but Jan convinced him to come to talk to us so he is having an effect for Rangers already.
“There are still some odds and ends to tie up but we are hopeful that a deal can be concluded before long.”
Nerlinger, who missed much of last season through injury, was part of the Dortmund team which knocked Rangers out of the Uefa Cup two seasons ago.
He won two Bundesliga titles with Bayern Munich in 1994 and 1997.
From RTC
Doncaster Dooms SPL
22/05/2012 34 Comments
Neil Doncaster’s intelligence-insulting interview on SSN this week places another few pieces of the jigsaw together as to how plans are shaping up to deal with Rangers’ corporate failure. Other blogs have already dissected this interview very well, so I will not dwell on the details. Instead, we will look at what is shaping up as the plan “to fix” Scottish football.
As we have discussed for several weeks, Doncaster wants Rangers in the SPL regardless of how much they owe HMRC or other football clubs. He wants them in the SPL regardless of whether cheating on a massive scale has occurred or not. Doncaster’s attempt to bluster his way to getting acceptance for the idea that a CVA and a newco-Rangers are the same thing is just stunning in its gall.
Doncaster is a key player in this dance. Therefore, I assume that he has been made aware of the Duff & Phelps plan. His interview this week was simply a crude attempt to blunt the impact of any accusations that might be contained within the BBC Scotland documentary to be aired on Wednesday night at 8pm. Either through an incredible degree of cynicism or playing the role of useful idiot, Doncaster’s cheer leading is key to a plan that will do more to destroy the Scottish Premier League than any loss of income from the temporary absence of a Rangers-type club from could ever do.
One must assume that Doncaster is actively delaying the report on the dual contracts. It would take less than twenty minutes for any lawyer to see that there is a prima facie case against Rangers FC. Demonstrating a prima facie does not require looking at every piece of evidence or even getting close to providing proof. It is literally a check that “on the face of it” there appears to be something behind the allegations. Doncaster denies that there is a “go slow” instruction on this investigation. In the fullness of time, it will become clear that something is amiss.
The law firm of Harper McLeod have been hired by the SPL to investigate if a prima facie case against Rangers on the dual contract issue exists. Let me help Harper McLeod out a little.
On 28 July 2001, Rangers played Aberdeen at Pittodrie. Rangers won the game 3-0. Making his debut that day was a German who would later go on to become General Manager of Bayern Munich, Christian Nerlinger. He also scored one of the goals. That game against Aberdeen marked the first game where the EBT scheme that is the subject of the ‘Big Tax Case’ interfered with the Scottish Premier League.
Harper McLeod should take a look at Nerlinger’s contract filed with the SFA. Next they should obtain Nerlinger’s contract documents and payment history from Rangers FC (IA)’s administrators. Comparing the contract to the payment history alone will expose payments of well in excess of £1 million that are not listed on his SFA-registered contract. There is your prima facie case, Mr. Doncaster. There is no need to investigate any further to demonstrate that Rangers have a case to answer and that an independent inquiry is required. The current Bayern Munich general manager will not be worrying about this issue. He received an indemnity letter from Rangers’ finance director at the time where the club accepted responsibility from all taxes and liabilities resulting from Nerlinger’s payments from the EBT scheme.
It is clear that Doncaster just does not care about the rules. He just wants a Rangers in the SPL next season. Doncaster’s “CVA / newco- what’s the difference?” routine presumably betrays some insider knowledge of how this pantomime will play out. My thoughts on how this will most likely end are laid out below.
Talk of a CVA is just window dressing to appease the less realistic element of the Rangers support. Whyte can pledge his shares in the club for £2 safe in the knowledge that a CVA is not going to happen. (Strictly speaking, Whyte himself can always scupper a CVA).
We are heading for a newco of some description. The key point, Mr. Doncaster, is whether Craig Whyte’s floating charge is still meaningful. If it is (and people with more advanced legal training than me cannot find a consensus on whether it will be) Whyte will be content to let this drama unfold. His friends at Duff & Phelps will continue to potter about while reality continues to sink in with the wider Rangers support. In the end, Whyte will play his trump card and call in a receiver who will sell all of Rangers’ assets to a newco for a sum that will go entirely to Whyte- stuffing all of the other creditors. A plan to achieve this outcome would explain a lot of Duff & Phelps’ actions over the last few months.
If Whyte’s floating charge does not support a legitimate debt (and I expect some court drama over this point), then Rangers’ assets will be sold to a newco and the proceeds divided among the creditors. They will be lucky to receive 5p/£ even in this path, but they would not get more in a CVA anyway.
A newco of some form is inevitable. The liquidation of The Rangers Football Club plc is also inevitable. The debate is not over whether the newco will return to Scottish football, but over how. If Doncaster’s dream comes true, and newco-RFC just start playing in the SPL next season without any penalties, then Scottish football is dead.
There are many other possible formulae for a fair outcome. Many Rangers fans want the newco to start in SFL division 3 and play their way to their place in the SPL like anyone else. It is also possible to have the newco pay an “entry fee” over a number of years that would serve as a deterrent to others. It would also serve, to a degree, as compensation for the carnage wrought on the Scottish game by Rangers during the years of Murray’s excesses. There are lots of ways to arrive at a fair outcome. However, the money-men who might own newco-Rangers will not want that and Neil Doncaster has their interests at heart. Sport? Fans? Mere irritations
HH
Mike
By Keith Jackson
CHRISTIAN NERLINGER has been booted out of Ibrox as part of the summer clear-out.
Record Sport can reveal the German international has had the last year of his contract ripped up and now plans to return to his homeland.
Nerlinger has been given a cash settlement to entice him into moving but after weeks of wrangling between the 31-year-old and director of football Martin Bain Rangers believe they have saved themselves around pounds 750,000.
The extra money will be ploughed into Alex McLeish’s summer fighting fund as he attempts to rebuild his side after a disastrous season.
Last night a Rangers source said: ‘An agreement with Nerlinger was reached on Friday.
‘The player could have sat tight and lined his pockets at Rangers’ expense buthe is a decent man.’
Bain hopes to strike similar pay-off deals with flops Nuno Capucho and Emerson. McLeish has snapped up Bosman signings Jean-Alain Boumsong and Marvin Andrews and will land Alex Rae for nothing from Wolves.
But he is desperate for two strikers and a centre-half and will need every penny his bosses can spare.
McLeish will also move for a midfielder if, as is almost certain,Mikel Arteta leaves in summer
So they paid a transfer fee for Nerlinger, paid his wages, paid his EBT on top of his wages and then paid him to leave.
Bargain!
Gretnabhoy- were you at St Joe’s?
weeminger,
like I’ve never told anyone not to renew, neither do I tell anyone to renew.
I’m arguing about the choices, I made my choice to give up when the board decided the old firm partnership was renewed, at a time when the support were becoming intolerant of being labelled old firm.
Most never thought it was as big a deal as I did, and the board are hoping for the same response.
As far as I’m concerned I’m the one who is suffering here, yet people are saying I’m tryng to hurt my club, I make my decisions on my based on my principals. My aim is to stand by my principals.
The Celtic boards aim is completely different, their aim is to operate a successful business, customers are units to be labelled any way they see fit.
Since my one mhan Bhoycott, (well me and bt actually)
OK since us and our two man bhoycott (up the revolution) lets make a wee lst of hoe the board behaved
Continued to expose customers to criminal activity
Instigated a war of attrition with the Green Brigade
setting security and plod on them.
Refused to defend a libellous claim about sectarian singing at uefa, accepted sectarian label.
Remember they done this in your name, no mine, thats why I stopped supporting the board.
I’ll never stop loving the club.
In general I have stayed stum on the rangers fiasco, and hope to do so for a while longer.
However, I would like to make a small suggestion;
Would all CQNer’s please refer to rangers planned escape, as Newclub as opposed to Newco.
I think it’s more accurate.
Fogra; Is it now to be known as the ,Green and Whyte King club ?
Fogra eile; Could any comrade tell me, is the Norwich game on Sky this evening?