Rangers administrators, Duff and Phelps, were as recently as yesterday briefing media that they hoped to conclude the sale of Rangers before the end of the season – which is their game against St Johnstone on Sunday.
Late Friday morning this seems unlikely but it is an important deadline. If Rangers morph into a Newco and are given permission by the SFA and SPL to take the field against St Johnstone on Sunday, any player who participates will have transferred his employment to Newco. Newco would then be able to retain his services for the length of his Rangers contract or would be able to sell him to fund a trading shortfall.
If a Newco is formed after Sunday, players have two months to decide if they want to join the company or remain Rangers employees until redundancy or until Rangers fail to pay wages.
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.
245 Comments- Pages:
- «
- 1
- 2
- 3
- 4
- 5
- 6
- 7
For what it’s worth, I think the appeal against the transfer ban will not succeed, or at least not in whole.
Firstly, I think the ground of appeal that it was all Craig Whtye’s fault is without basis. The idea of corporate responsibility on the company for the actings of directors of the company is long established. Rangers seem to have won the Premier league after Whyte took control last year, a period in which he is alleged to have with-held taxes. Rangers defence is that he alone is responsible for bringing the game into disrepute by failing to remit PAYE/NIC. To take that logic to its natural conclusion, as this with-holding funded the club during May last year. the league title (corporately awarded to “Rangers” for the actings of its directors and employees) should be awarded to Craig Whtye. In other words, he’s entirely personally responsible for all the successes and failures of the club, or the club itself is corporately responsible for all of the directors’ successes failings and, erm, alleged with-holdings. I know which version of events has a more solid basis in company law, a version which I am sure (honestly) is replicated in the SFA’s Articles of Association.
Another reason why they won’t (in my opinion) succeed is more down to the nature of litigation, and human (or lawyer) behaviour. A member of the bench in such a high profile case will, in my opinion, be dis-inclined to disagree with a learned QC. There is safety in numbers, and no-one wants to be thought of as the outlying minority view. More to the point, the statement of reasons seems to preclude any suggestion that the panel failed to interpret the rules, or apply their minds to other sanctions. You can “bomb-proof” statements of reasons prior to appeal hearings, and the QC seems to have given this one a pretty good coating.
As I said, a caveat on all of the above is that it’s just my interpretation. An appeal hearing is litigation, and you can’t always predict how another human being will interpret the rules, but there are a few ground rules to appeal hearings and, in this case, I think the ban will stand. As ever, it’s the man in the red jersey and the wig that counts.
‘Only match fixing in its various forms might be a more serious breach’
MIGHT…
So potentially as serious or worse than match fixing.
HH
Whyte and one of his cronies have connections to some gangster types in London,allegedly.I smell shoite…….
Awe_Naw_
I asked my wee priest if I should be declaring this in confession. He told me to wait till the end of it all and to carry on just now as he was enjoying too much as well. :)
Never mind newco. At 1.05am this very morning on way to hospital a new member of the Celtic Family, Eirinn Christina Logue was born in my car at the side of the road in Corofin, Co Clare. I can’t believe i delivered a baby! Mom and baby ghirl doing well. I’m away for a wee sleep.
LMAO while ranjurrs die…
Afternoon all from a bleary North Ayrshire. Sun is struggling to shine. Have they gone to oblivion yet? Shurely it can’t be long now?
philvisreturns @ 13:15
..and Agent Whyte’s Excellent Adventure.
Te Blue (Barron ) Knights?
http://www.youtube.com/watch?v=vm_3w7sfm4o&feature=related
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 11 May, 2012 at 13:19 said:
I must be honest with you all,much as I would love to see CW shaft the huns,it goes against the grain for such a poisonous wee nyaff to be successful….
___________________________________________
I will be DELIGHTED if a bent little scrote like Whytie walks away with the jackpot at the end of this fiasco.
He has richly earned it by not only bringing down the Evil Empire, but by making their last days so entertaining.
I can not thank him enough.
Congratulations philhoopyloguewantsthebighouseofpainclosedasap !
London Consortium announced
Sham 1690
philhoopyloguewantsthebighouseofpainclosedasap,
Congratulations & a huge WELL DONE on your unusually exciting adventure.
Best wishes to Eirinn Christina & her mum.
…………”Pop!……….. goes the weasel”
Philhoopy
Great news congratulations,glad to see you are a hands on dad.HH
philhoopyloguewantsthebighouseofpainclosedasap
good looks,good patter,good at delivering bambino’s
is there no end to this mhan’s talent?
Congratulations philhoopy,vp
http://www.youtube.com/watch?v=oeMNa9l7p_M