Today the Scottish Premier League will vote on proposals to allow a Newco to parachute straight into the top league in the country if an existing SPL club goes into liquidation. Fans from 11 of the 12 clubs have overwhelmingly opposed the idea. Rangers fans are split, some would prefer a Newco to apply to the Scottish Football League, others think a Newco should be allowed into the SPL without penalty.
Long before this vote was a glint in the eye of the SPL, it was first discussed on Celtic Quick News. Last October we raised the alarm that Rangers were undertaking an enormous charade. They were preparing to liquidate in order to avoid the consequences of failing to pay their taxes for over a decade.
We also predicted they would present the SPL with a fait accompli – vote us ‘back’ or suffer our scorched earth policy, as we take the rest of you down. For what it’s worth, I also predicted the league would capitulate and Celtic would stand alone in opposition.
10 of the 12 SPL clubs bank with Lloyds Banking Group (Celtic and Hearts excluded). For months I have suggested that LBG could threaten to withdraw overdraft facilities if clubs voted against the revenue Rangers bring but this is not the case. Clubs have a free vote, there is no banking overlord conspiring against democratic wishes, LBG, like the SFA Judicial Panel, have played this with a straight bat.
Right now, I have no idea how the vote will go. The proposal to establish procedures to allow a phoenix club straight into the league could be passed or rejected. If they are rejected, it may be because a majority would rather Newco was back without penalties, or it may be because clubs have listened to their fans and taken a stand.
If the vote goes against Rangers I expect we will see a rapid move to liquidate. If it goes in their favour (and by that I mean a parachute, with penalties, is invented for them), liquidation becomes a more attractive prospect, if not, actually, attractive.
They would still have to overcome potential challenges from creditors, security of Craig Whyte over Ibrox, and, of course, the many penalties that Newco would inherit along with the gift of Rangers SPL share. For now, this means last week’s SFA ban on signing players, but the alleged improper registration of players matter is coming over the hill soon, and the penalties for that… wow!
As I said, I have no idea which way the vote will go. Rangers are finished and it would genuinely be best for them if someone put them out of their misery and allowed them to start the recovery process, but in the light of the intimidation of Raith Rovers last week, it remains to be seen if the other SPL clubs are up to the task.
Most of us called last week’s SFA punishment wrong, what do you think will happen today?
Huge day. Huge, huge, day.
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Ernie…,
Just saying I expect all the relevant documentation already filled in, sitting in ogalvie’s office awaiting the new owners name.
Legalities may be drawn out but you can rest assured there will be none or very little delay in processing the application when the law is finished with them.
philvisreturns on 30 April, 2012 at 12:32 said:
You forgot Harthill etc – real strongholds for the orcs.
Pass through any village through that way and you will see 2 things – scrap metal yard and a masonic lodge…..oh and the folk are as ugly as sin – guess that makes 3!!
Pragmatically, better for all concerend if it’s the taxman that delivers the fatal blow. That would also then open the door to punishing them properly for improper player registration.
So until Hector comes over the hill, I think that everybody else will be tying their shoelaces and whistling…
Kayal33 on 30 April, 2012 at 12:35 said:
Ill do it.
So, the SPL have postponed? They want the axe to fall first and make a vote unecessary?
CelticResearch @CelticResearch
Were RFC* once again represented at the SPL meeting by Andrew Dickson, key figure in both the Murray & Whyte regimes? http://pic.twitter.com/62NM2t4Q
Fin75
Careful now. There are plenty Tims in West Lothian!
LB
Gregory Ioannidis @LawTop20
Final point: Refusal of license to New Co may violate European competition laws.
Henrick
The SPL membership issue is second fiddlle to SFA licensing.
That is where the game will be played.
Liquidation moves a step closer every day they delay.
And the newco will have some job getting set up in time.
All in all 2 weeks more time gone by and still no one knows what is going on.
Tick tock. Tick tock.
Oh the Huns are dead
Havingapartywhenthehunsdiex csc
Fin75
Woodhead it is mate. You’re right we have discussed this before. Is it not your street that St Peters is on?
If the huns don’t play in the SPL next season i will be amazed.
Rangers liquidation – fight for who deals the fatal blow, who gets the blame?……………………………..
SPL?
SFA?
Taxman?
New owner?
Craig White?
David Murray?
All delaying and postponing
The only people who they can blame is themselves.
Will there ever be a stories along the lines of
‘We Cheated – We overspent with money we didn’t have, on players we couldn’t afford, using unlawful tax avoidance means, gained trophies and leagues we shouldn’t have won, broken SPL, SFA and EUFA rules. ‘
I doubt it – personally I’ve always thought that the taxman would pull the plug – they are the only ones who can do it without repercussions.
Fritz A. Grandold @fritzagrandold
Collyer Bristow give their side of story, say Withey went AWOL because of death threats from RFC fans
LiviBhoy on 30 April, 2012 at 12:38
Agreed but the hunnish hoardes far outweigh the beautiful people.
I work in Livi and have done for 9 yrs – some real rockets oot yonder.
Lovely sunny day -way down south .
Still slouching towards Liquidation. Mmm —-” it’s better for us all if it looks as though it was Hector who did the killing ”
Yesterday ————
Started badly [ we were dire for the first 10 minutes ] and then clicked . I was disappointed it was only 3. 6 would have been a reasonable reflection of the gulf in class.
No to a SPL parachute. No to any Newco that doesn’t have to get down on it’s knees and beg to be allowed to start at the very bottom . No to that vile entity called The Old Firm.
Big Yes to —
Smith and Mighty — The 3 Stripe Collection 1985 -1990.
Retrospectively prophetic and contains 2 great Bacharach covers-every home should have one [ preferably on vinyl]
Fin75 – Pass through any village through that way and you will see 2 things – scrap metal yard and a masonic lodge…..oh and the folk are as ugly as sin – guess that makes 3!!
That’s nothing.
H.G. Wells came up with the idea for the Morlocks after visiting Airdrie. (thumbsup)
Fin75
There are many rockets in West Lothian. I suspect that it may be your workplace that is full of THEM. More Tims in Livingston than any other support!
LB
hamiltontim on 30 April, 2012 at 12:39 said:
Almost, just off Neilsland road which runs up to St Peters RC.
I’m a “Our Lady and St Annes” man myself – Monsignor O’Hare – old school sermons and attitude which I likey very much.
Nairobi’s Green n Whyte?
Can we assume Mr Damocles has put his sword back in its scabbard for today?
LiviBhoy on 30 April, 2012 at 12:43 said:
Full? They’ve been crammed in using a crowbar!!
The Land That Time Forgot….
LiviBhoy – There are many rockets in West Lothian
That’s nothing.
Airdrie has more rockets in it than Wernher von Braun’s autobiography. (thumbsup)
The chinese in Harthill is called The Orange Wok.
quick question…
IF doncaster et al do not vote next monday, as he suggests, and IF as duff and duffer suggest the club was reformed by may 11th… i’m guessing the vote would come after newco.
surely any new rules would not be applied retrospectively?
think we may have just got bumped.
Browsed the chip wrappers on-line this morning
Love the photo of Mulgrew in the Sun
Completely outstretched and parallel – about a metre of the ground
Love the good old flying header
Fin75 on 30 April, 2012 at 12:44 said:
Fin do you remember Father Rooney St Annes Hip Priest, long hair, a purple shirt and guitar!!
Headtheball on 30 April, 2012 at 12:46 said:
No, Hector is using is to sharpen the stake………the skint ones won’t “die” like normal people…..
Granger-Banyard – The chinese in Harthill is called The Orange Wok.
The Indian is called the Taj Mafatherwore. (thumbsup)
starry plough – Fin do you remember Father Rooney St Annes Hip Priest, long hair, a purple shirt and guitar!!
Fr. Noel Furlong. (thumbsup)
anyone got any FF or Rungers media quotes,
how are the good natured bears taking another defeat from the Lurgan born redheaded genius ?
just to pass the lunchtime you understand.
The Subway in Kilwinning is called the Subway Loyal . It closes 15 mins before any other Subway outlet
Granger-Banyard on 30 April, 2012 at 12:47 said:
– > A girl on one of the other Celtic messageboards moved from somewhere in the Highlands/Islands, to whitburn for work reasons. She said she went down to the local sports shop for something, and found they had 4 football tops on sale:
Rangers, Northern ireland, Linfield and Whitburn Juniors.
Says it all really.
philvis, if the huns were to start on their world tour, would they perhaps play under the name , “the hateful globetrotters” ?
Beyond the Waves @BTWCelticShow
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FavoritedFavorite · Close Open Details @alextomo have a look here Alex. Still think Rangers supporters are wonderful?They stayed to FT so they could do damage http://www.youtube.com/watch?v=oLrexKO_qNA&feature=youtube_gdata_player
I would say this is not a good thing for Rangers. A conclusion today would have brought clarity. Clarity of the position whatever way the vote went.
This leaves a major hurdle, of an unknown size, still in their path.
I salute their wishy-washy, lily-livered postponment.
starry plough on 30 April, 2012 at 12:48 said:
Can’t say I do Starry……my earliest memories are of Father Darroch, Father Gault and Father Hennesy (he was an amazing character)
Taking me back to my altar boy days now!! Them were the days, Sunday devotions and sweating as I tried to get the charcoal lit for the final part of the service.
philvisreturns on 30 April, 2012 at 12:49 said:
Yer a funny man!!