The statement released by Duff and Phelps last night revealed the substance to the lobbying that had taken place since the original punishment handed out by the SFA judicial panel:
“The decision by the appellate tribunal to uphold the sanction, namely the suspension of registration of players for one year, is not competent in the view of the club and its legal advisers.
“Such a sanction was not available to the tribunal”.
The suspension of player registrations was not one of the suggested punishments on the menu for the judicial panel but the rules allowed them to vary from guidance and choose whatever punishment they believed appropriate.
The appeal correctly found that the judicial panel were not were not subject to an exhaustive list of possible punishments. Duff and Phelps main hope was that the SFA rules were unclear and poorly constructed, as they were before an overhaul last year.
You don’t need to look too hard for the irony.
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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ole Johnny Clash -a sin Doxy’s Midnight Runners?
SofTunis- Neil Young/Crazy Horse album not released over here ’til June 4th. I shall use it as the basis of my HMQ’s jubilee jamboree.
Not related to rankers but a perfect description of them..
Vidal Montgomery @jazzreloaded
“Oppressors always expect the oppressed to extend to them the understanding so lacking in themselves.” -…
Big Swee
I read that East Dunbartonshire Council has recently rezoned areas (including MP) of green belt for housing. If that is the case it would be worth plenty.
But even if its not, I’m its all still worth more than £8m, eff even al the players are worth more far than that alone!
DBBIA
Nah. As in Big Doxy, Wee Doxy, Mad Doxy, Gay Doxy, Doxy the Parrot, etc…..
On a seperate issue, why is Charles Green wearing the same suit for the fifth day in a row?
Maybe this suit holds all the i.o.u’s from the ‘investors’?
AngeloGalassoCSC
Page 13 of today’s DR…….
Rangers in crisis: ‘Wildly optimistic’ dossier on Ibrox club’s finances was given to potential buyers
May 18 2012 Exclusive by Craig McDonald and Scott McCulloch
A BIZARRE and “wildly optimistic” dossier about Rangers’ finances given to possible buyers of the club can be revealed today by the Record.
The “five-year model” works on the assumption the crisis-hit club will earn more than £4million from European football the season after next.
It goes on to assume the Ibrox side will make the Champions League group stages by 2015, coining in £21.7million in Euro revenue alone that year – even though Scotland’s places in the tournament look set to be cut.
The 291-page dossier is part of confidential documents released to possible bidders for the stricken club by administrators Duff & Phelps.
And sources say the “pie in the sky” dossier is part of the reason US tycoon Bill Miller scrapped his plans to buy Rangers after being made preferred bidder.
When Miller withdrew, he said “preliminary information” given by Duff & Phelps was “more optimistic than reality”.
One Scottish corporate finance specialist said last night: “These are very unrealistic figures – especially with regard to the income from European football.
“From the first page outlining the five-year projections, I would have to say it looks hopelessly rose-tinted.
“To say the whole thing is wildly optimistic is putting it mildly. Frankly, it’s on the verge of dodgy dossier territory.”
Duff & Phelps made the five-year model available to prospective bidders after the club went into administration.
The projections – based on a miniscule transfer budget of £250,000 – also assume Scotland retains two spots in the money-spinning Champions League. But the second spot is under threat.
The dossier outlines a return to sizeable pre-tax profits of around £14million by 2014/15 – all based on the notion that Rangers will be slotted back into the SPL debt-free and generating healthy profits, mostly from participation in the latter group stages of European football.
The papers are dated March 7 – the day Rangers’ administrators confirmed the club would not compete in Europe next season.
Gers could face a further two seasons out of Europe if they go into liquidation.
Our source said: “If you took this business model to a bank, they would laugh at you.
“If this is what was given to Bill Miller and the other bidders, I’m surprised it took him so long to withdraw his bid.”
However, the source added: “It is within the rights of anyone selling a business to put a positive spin on its financial situation. It is up to prospective buyers to do their due diligence.”
Businessman Charles Green is now preferred bidder for Gers.
He hopes to complete his purchase in early July.
A spokesman for Duff & Phelps said last night: “These forecasts are confidential information leaked from the sale data room.
“Such action is a regrettable breach of all non-disclosure agreement which interested parties signed up to.
“The figures are extremely detailed and are financial forecasts based very firmly on the model used by the club over a number of years.
“It states very clearly in the documents that these are illustrative and we would work with all parties to develop and tailor more detailed financial models.
“To suggest that these figures are over-optimistic is frankly ridiculous as they show Rangers as a loss-making business for the next two years.
“The only possible suggestion of optimism is the assumption that the club could qualify for the Europa League in 2013-14 and the Champions League in some way the season thereafter.
“They acknowledge they are out of European football next year. We would add that these figures were not challenged by any prospective purchaser.”
Also sell the players for every penny they can get and THEN put the club into liquidation. Then sell off every asset going. Far more than £8m would be raised.
Green said he had a deal to pay £8m even if the CVA is rejected, there is dodgy deals being done by Duff n Duffer methinks!
Their assets are worth nothing like the old £100M+ book value. We all know that – and have questioned it for a long time.
Murray Park isn’t suitable for housing only for leisure. That limits the value.
The stadium isn’t much use for anything but a stadium. It’s in the wrong location for housing, close to major shopping centres and there’s even an Asda just up the road, so no good for a supermarket. Any conversion would be expensive because of the listed facade and asbestos issues.
Not sure how much land they own re car parks. But the area isn’t exactly prime development land – apart from major casino/hotel/moonbeams developments obviously.
DBBIA ——.
A promo copy from a pal in Dallas.
It will go down well at your bash for wee Brenda ——- the last track is a cover of the UK’s national anthem.
Never been a big fan —– the only thing I bought was -On The Beach — I occasionally give it a twirl.
Ariel Pink CSC -way down south.
THE ‘antiseptic smile’ of Sandy Jardine can be explained bythe fact he has gone on constipation strike until the’SFA come to their senses’.
Sandy has said he is determined to ‘hold it in’ until all penalties against his beloved RFC[IA] are removed.
‘It’s up to them’ he said though gritted teeth’ or I’ll show them a real floating charge’.
maccargo on 18 May, 2012 at 10:35 said:
“The figures are extremely detailed and are financial forecasts based very firmly on the model used by the club over a number of years.”
#####
I think I may have detected the flaw here.
ernie lynch 10.41
This whole saga just gets better and better.
It really is the gift that just keeps giving.
Does no-one have any info on Leggate’s paranoia scenario that all this is the work of Fenian gangsters from London?
Does that not make sense to Mo?
Sweatin like a Manchester big screen technician.
Sweatin’ like Neil Lennon on transfer deadline day, praying that he can hold on to Mo Bangura.
I’m sure we can all agree that Doncaster will not reveal anything about the 2 contracts until the BTC verdict is in.
We know he already knows the answer, we know he is spineless.
We don’t know how these type of people manage to pull down these types of jobs..or do we??
brimmer
Also being released on June 4th is the live Trucks/Tedeschi Band album. This is how to celebrate the ole monarchy.
Has anybody got a copy of the square sausage recipe TarrangaBhoy posted a few years ago?
I’ve lost the copy I saved, and getting a bit strung oot for quality saaasage.
DontMentionRollsCSC
Sweating like Fat Sally waiting on Greggs opening up
HH
Mr Johnny Clash – ole Mo’s not going anywhere this window. He’s staying in to fix his hair.
optimistic little soldier on 18 May, 2012 at 09:58 said:
There’s a fat lad walking around Santry, Dublin wearing a Rangers jersey. It’s cold and raining and he’s in his hun top, short sleeves.
The dying act (possibly literally) of a defiant hun.
Either that or he’s thick.
Where in Santry, I’m working there and would love to laugh at him
Stupid Hun
ToneLoc 10.55
I came through Santry on the Bus this morning.
Pity I missed that unique sight (damn you kindle).
Good Morning from a cloudy Barcelona.
I see that Rangers’ “New Owner” has met with both Stewart Regan and Neil Doncaster and that the meeting went very well indeed! It is all over the STV website that Regan and Doncaster “grilled” Mr Green about all his plans for Rangers FC in the future?
This bemuses me completely.
For a start, Mr Green has not paid the purchase price to buy the club or the company or the assets, and so as we stand here this morning he is no more the owner of the club, or the assets, or Rangers PLC than I am!
Further, I would have thought that the “grilling” would have been the other way about with Green asking the questions?
“What if I do pay all the creditors?”
“What if I don’t pay all the creditors?”
“What if the Big Tax case goes against Rangers?”
“What are the punishments, for dual contracts and years of deception likely to be?”.
Of course the answer to all of these questions should be simply “I don’t know” from both Mr D and Mr R, because as they are finding out, such matters as disciplinary stuff are not dealt with by an independent group, who can be named or anonymous, who can be short or tall, seated or unseated, but who will be that most odd of things………… impartial, judicial and without conflict of interest!
For long enough, it was a complaint that the Chief Executive of the SFA was a man with no power whatsoever, who had a title but who was really at the beck and call of the blazers on the SFA committees.
Now, many major decisions on certain matters have been taken away from the blazers, and placed in the hands of those who they cannot “influence” in the slightest.
However, in what has been the most controversial and public decision yet handed down by an independent judicial panel on footballing matters, one thing has been made very Very clear… and it is this:
Where there has been wrongdoing, where there is dodgy practice, unlawful behaviour, skullduggery and general maladministration of a company, an association or any other legal body……. then any officer of that body- be they Director, CEO, Chairman, Secretary, senior employee or whoever- has a duty to come forward and expose that wrongdoing and illegal behaviour and ensure that justice and fair play prevails.
If you don’t do that you will be condemned for the “violence of silence” and generally behaving like a coward or Pontius Pilate. It was such inactivity and lack of action that lead to Messrs McClelland, Grieg, Smith and others being judicially roasted by the first panel whose judgement was recently upheld and endorsed on appeal.
Some considerable time ago, I wrote that if Rangers go into Admin, The SFA in particular would face huge conflicts of interest. By that I did not just mean in the debate between Sporting integrity and the need for money in Scottish Football, but also meant that the SFA are an appellate body for the SPL, they are Administrators of the game itself, the agents of UEFA, A Licensing Body, and they are at times the agents of ALL of the clubs in Scottish football.
That is a hell of a lot of conflicting hats to wear.
Yet here are the two senior Execs of the game meeting a man who at this point has absolutely nothing whatsoever to do with Scottish Football or any club in Scottish Football for a “wee chat”!
I find that more than a touch astounding.
I also think it is astounding that these two — and at least one other– cannot see the writing on the wall!!! That writing says quite clearly “You cannot do nothing when you know that there has been skullduggery- you have to act!”.
What that means is that you cannot have wee behind the scenes meetings. You cannot do anything, promise anything, suggest anything or put yourself in a position where your integrity and the integrity of the associations you represent are compromised. You must apply the rules, the law, and the regulations, and if it means that you have to boot a club out of the entire system for complete and utter financial mismanagement over two decades coupled with failure to disclose material facts and repeated deliberate misleading of the other clubs and rhe football authorities than that is what you must do and be seen to be doing.
If that is what Regan and Doncaster did in their “grilling” than fair enough and well done them– although I still do not know why they would meet with Green at all at this juncture as he has nothing to do with Scottish Football and will have nothing to do with football until he has actually bought something.
What D & R should be doing is “grilling” Duff & Phelps as to exactly what the hell they are doing and have been doing.
However, there is more chance of those two being “grilled” by George Foreman- which is something that I would pay to see.
However, Regan and Doncaster should see that if they do not do their duty, if they don’t act on any wrongdoing that comes to their attention, if they do not blow the whistle and apply the rules, the judicial panel have made it plain they will not be grilled!
They will be fried!
South Of Tunis on 18 May, 2012 at 10:39 said:
”It will go down well at your bash for wee Brenda ——- the last track is a cover of the UK’s national anthem.
Never been a big fan —– the only thing I bought was -On The Beach — I occasionally give it a twirl.”
How can you not like this guy?
http://whenyouawake.com/2010/10/27/video-of-the-day-neil-young-7/
SofTunis -accordin’ to the track list on Amazon ole Neil and the bhoys tackle Gallows Pole’ and’ Wayfarin’ Stranger’.
Got to love them for growin’ old dusgacefully.
Here you go EN. I don’t use beef I use suasage meat and it tastes just like the slabs I used to get in the old Pollock centre butchers.
2lb ground beef/sausage meat
> 3 teaspoons salt
> 1 1/2 ” pepper
> 1 ” nutmeg
> 2 ” coriander
> 2 cups plain breadcrumbs
> 1/2 cup water (if needed to bind)
>
> Mix all dry ingredients first.
> Add meat a little at a time, mixing thoroughly.
> Add 1 cup breadcrumbs at a time & mix thoroughly.
> Add water only to bind. Shape into a long loaf.
> Cover with cling wrap and refrigerate until hard enough to slice
> Freeze flat.
whits this I hear about HP guiness sauce. Any good on the square sausage on crusty rolls. ?
Meanwhile, back the 21st Century, Monday will see the release of new albums from silver haired Byres Road pedestrian Paul Buchanan and hibee-supporting folk popsters Admiral Fallow. Yaldy.
For the life of me, I can’t figure out why Legless is unemployed.
His world is darker than anything Chis Morris has ever created.
Ten Men Won The League on 18 May, 2012 at 10:34 said:
On a seperate issue, why is Charles Green wearing the same suit for the fifth day in a row?
Maybe this suit holds all the i.o.u’s from the ‘investors’?
AngeloGalassoCSC
~~~~~~~~~~~~ ~~~~~~~~~~~~~ ~~~~~~~~~~~~
Mr Charles has a suit for every day of the week.
And he wears it ever day of the week………
http://t2.gstatic.com/images?q=tbn:ANd9GcRVmRGG3F4WoifQussExrvMW1piKC0vQg7kaAglinxkSn2IEsGE
Now that’s a face you can trust.
brimmer
BRTH
Very well said my friend.
I would love to have been a fly on the wall in those meetings. Added to what you state in your usual erudite manner, I would have thought that Regan and Doncaster would also be very wary of this character Green’s background. There are more than a few murmurs doing the rounds re not only his past and what his future plans are, but that some of the people he represents will prove to have strong links with Mr Whyte. You would have thought they would keep their powder dry for now until the fit and proper person test was conducted.
Once bitten and all that stuff….
Rangers are still on the Rack, let’s crank her up a notch!
DBBIA
if it’s half as good as Harvest moon, I’ll order two copies!
Mr Johnny Clash- the new album by the other Hibee supporting pop folksters is pretty good.
BRTH
In the old days we called these guys corner boys and chancers, now they just have to turn up in a crumpled suit to be invited to the top table.
SPL & SFA have no class and no vision.
It’s like me going into Harrods and saying I quite like the look of that incredibly expensive item in your window and then being taken to the managing directors office for tea and a bun excuse the pun!!
Starry
Sweatin like Shuggie Keevins trying to get past big Finbar and into a Celtic press conference in London Road…
Sweatin like Shuggie Keevins knowing the next ones in Bairds Bar…