Newco born from patronage of monetary inducements

740

Let’s be clear about what is going to happen on Friday.  Monetary inducements are being made to allow a newly created company to advance its football team two divisions up the league structure.

The overwhelming majority of money to pay for these financial inducements will be taken from Celtic, who vehemently oppose all these measures.  The SPL will reduce the commercial distribution to the top club in the league and pay-off everyone else.  41 teams will benefit financially from this proposition, only Celtic will lose.

For good measure, the SPL have declined to take gate sharing off the table.  Up to 30% of your season ticket money will soon be commandeered by Kilmarnock, Motherwell and the rest, who will take their slice and share some with the lower leagues.

All the while you can scarcely find a football fan of any club who is anything other than disgusted by this shoddy behaviour; Celtic fans are by no means isolated.  Most fans of former-club, Rangers, don’t want to see a phoenix assisted by such blatant patronage, lest Newco is forever known as a team which needed rules to be changed and money taken from Celtic to give it life.

Believe me, if Newco exists for 100 years, every day they score a goal someone will say, “They are only there because the rules were changed to help them and money was taken from Celtic to pay for it”.

They will forever be known as the Establishment club with definitive evidence that they benefited from the Establishment’s help.

The once-proud era of Scottish league football is surely over, what we are witnessing is merely evidence of this fact.  ‘Sport’ as gone from our football. Fans, clubs and the national bodies must accept this reality and start to make forward plans to breathe the oxygen of genuine competition into our game.

Where is Michel Platini when football really needs some help?

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  1. lionroars67

     

    It’s very likely Celyic Glasgow will play next year against Manchester City in the Champions League final, therefore it matters who is their coach.

  2. kikinthenakas on

    From goosy on RTC

     

    Makes sense tae me once I wrote some of it down!!

     

     

    09/07/2012 at 5:29 pm

     

     11 0 Rate This

     

    I reckon BDO are the key to unwinding this corruption

     

     

    It is just an opinion based on an interpretation of the facts as we know them

     

    Let’s assume

     

    …At best the current corruption is driven solely by fear that there will be no team playing at Ibrox next season

     

    …At worst the current corruption is compounded by even bigger undisclosed corruption in which certain individuals are seriously conflicted and the SFA are at risk of being disgraced in world football

     

     

    …Green and Whyte and Ticketus are colluding to make short term money

     

    .

     

    . D&P have been forced by conflict of interest to go along with the other 3 rogues

     

     

    …SDM put up the bulk of the Ticketus investment and will write it off if there is a serious risk of him being unmasked. Meanwhile he intends to secure this investment from whoever plays at Ibrox rather than by suing CW

     

    ……………………………………………………..

     

     

    Right now the SFA are in a race against time to register Sevco as a Scottish football club before BDO unwind Greens purchase of assets The SFA aim is to present BDO with a PR disaster and potential civil unrest if they cancel the Sevco deal

     

     

    Green has a similar but not identical aim

     

    He needs to survive BDO`s initial review of the purchase agreement

     

    When that is secure he intends to liquidate Sevco before he has paid the full £5.5m for the assets.

     

    CW Senior inherits the assets from Sevco by calling up his £27m floating charge.

     

    RFC(IA) don`t get paid for the assets because they are an unsecured creditor of Sevco

     

    And it’s all perfectly legal

     

    ,,,,,,,,,,,,

     

    The SFA may have figured out what’s going on but they cannot prove it. I believe Green has point blank refused to disclose the terms of the Purchase Agreement despite being asked to do so in his SFA application.The latest SFA/SPL effort to corrupt the SFL is a way round not having to reject Greens application

     

    I also suspect

     

    The Purchase Agreement has conditions which show that RFC(IAS) won`t receive the £5.5m for several months. It also has a condition that the £27m CW Floating Charge now held in the name of CW Senior has first call on the assets of Sevco i.e. in an early liquidation CW must be paid before RFC(IA) receive the full £5.5m due for the assets

     

    The Ticketus debt owed by CW will be a condition of purchase if anyone wants to buy the assets from CW Senior after Sevco is liquidated

     

    ,,,,,,,,,,,,,,,,,,,,,,

     

    So everything hangs on whether BDO can cancel the Sevco deal before Sevco is registered as a football club. If they wait until after Sevco are registered and cancel the deal then they are stirring a hornets nest and forcing a Sevco withdrawal from the league

     

    CW would have to consent to his FC debt being transferred to Sevco so he could challenge any attempt by BDO to unwind the deal. He could also argue that by exiting the list of Creditors he is leaving a bigger pot for HMRC and the others

     

    Ticketus may also have transferred their £27m debt to Sevco thus placing a millstone round the neck of the next purchaser of the assets

  3. leftclicktic on

    Rangers Tax-Case‏@rangerstaxcase

     

     

    @alextomo tribunals service has given both HMRC and RFC(IA) an indication that it will not be for x weeks (e.g. someone is on holiday).

     

     

     

     

    View conversation Reply

     

    Retweet

     

     

    Favorite

     

     

     

     

     

     

     

    2mRangers Tax-Case‏@rangerstaxcase

     

     

    @alextomo Just as a reminder to your followers- HMRC does not control the tribunal process. It is entirely independent. It is possible…

  4. ‘SPL say unable to proceed with double contracts probe til Newco formally agrees to be bound by findings…’

     

     

    bbbb…but.. Newco are not even in the SPL… how do they work this out? It’s nothing to do with Newco – is it? Even if it is, why do they need to agree to a punishment? How does this come down to a negotiation with a company that does not haev a footballing share in the SPL.

     

     

    For that matter, has the SPL share been removed from Oldco (where it was the last time I looked)?

  5. Faithfulthruandthru on

    a wee song for Mr Regan

     

     

    repeat until ……….the war is won

     

    apologies if anyone is offended by the language

     

     

    Another Dick on the Ball

     

     

    We don’t need no Liquidation

     

    We don’t need no thought control

     

    No scary thoughts of Armageddon

     

    Regan, leave those rules alone

     

    Hey! Regan leave those rules alone

     

    All in all you’re just another dick on the ball

     

    All in all you’re just another dick on the ball

     

     

    We don’t need no Liquidation

     

    We don’t need no thought control

     

    No scary thoughts of Armageddon

     

    Regan, leave those rules alone

     

    Hey! Regan leave those rules alone

     

    All in all you’re just another dick on the ball

     

    All in all you’re just another dick on the ball

     

     

    Hail Hail

  6. SFA11 – always have been

     

     

    Heaven knows what help they have given their favoured club over the years, from Jim Farry to Hugh Dallas.

     

     

    Anyway how is the investigation going into EBT’s?

  7. Kilbowie Kelt on

    timbhoy2 on 9 July, 2012 at 16:36 said:

     

     

    kojo point taken ,but must be terrible having nothing

     

    ______________________________________

     

     

    Naw, it’s no that terrible, Timbhoy.

     

     

    Whit ye dae is jist dae yer pal a favour & ‘ end yir ain miserable existence’.

     

     

    Sounds good tae me.

  8. THE EXILED TIM on 9 July, 2012 at 17:26 said:

     

    The sooner the game in scotland is destroyed the better as far as I am concerned.

     

    …………

     

    anywhere else would do, I just want us out of this corrupt football organisation.

     

    HH

  9. Steinreignedsupreme on 9 July, 2012 at 17:57

     

     

    it’s common knowledge salmond and co were lobbying on the huns behalf. nobody can seriously try to argue der hun would have been better off learning of their EBT guilt from HMRC before liquidation day.

     

    it stinks of an establishment cover up of masonic proportions.

  10. The answer is simple – resign from the SPL and start at the bottom somewhere else. Leave them to it.

  11. homthethim CQN (genuine) Badge Wearer on 9 July, 2012 at 18:01 said:

     

    I’m convinced that the combined lobbying of Salmond, Strathclyde Police and the Glasgow Humane Society are behind the delays in reporting all the outstanding issues affecting them.

     

    ———————————————————————————————-

     

     

    I take it from your sarcasm my masonic/establishment conspiracy theory doesnt hold any water with you lol

     

    It is possible.

     

     

    ( @alextomo Just as a reminder to your followers- HMRC does not control the tribunal process. It is entirely independent. It is possible… )

  12. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Kickinthekakas, goosy

     

     

    Yeah … That is what I have been saying.

     

     

    Quite simply the SFA don’t need to see any details from Green. They know exactly what’s happening via Moonbeans.

     

     

    So the SFL decide yes then the SFA rubber stamp the share transfer ? Has that already been done ?

     

     

    They then provide newco with a license.

     

     

    All nice and coordinated for Sir Davie.

     

     

    The submissive acquiescence is truly remarkable. I am not sure whether I admire such behaviour from the freemasons.

     

     

    HH

  13. Steinreignedsupreme on

    Foxy_1888 on 9 July, 2012 at 18:19:

     

     

    “it’s common knowledge salmond and co were lobbying on the huns behalf. nobody can seriously try to argue der hun would have been better off learning of their EBT guilt from HMRC before liquidation day.

     

    it stinks of an establishment cover up of masonic proportions.”

     

     

    The decision is not being made by HMRC. Three independent judges are ruling on the matter. The ‘pressure’ from MPs and the media was intended to get HMRC to strike a pennies-in-the-pound deal. That did not succeed because HMRC is not easily intimidated.

     

     

    But surely if this Masonic cabal had any influence Rangers would not be going through the liquidation process at the moment?

  14. leftclicktic on

    Awe Naw

     

    I was just thinking of your post at 15.26 when I read Kikinthenakas post :))))))

  15. @celticresearch now exposing directors of clubs who are voting yes to newco as hvn shareholders. Porteous at Berwick, Thompson at Stenhousmuir. Add to that Ballantyne and Ogilvie and the whole thing stinks.

  16. jc2 on 9 July, 2012 at 16:23 said

     

     

    Have been to Cape verde a few times, visited both sal & Boa Vista

     

     

    Beautiful island, very quiet Boa Vista is a little bit behind Sal possibly by 4/5 years

     

    this place will really develop over the next few years plans are in place for a 5star resort to be built with golf course ect

     

     

    Not a lot to do just enjoy the sun and the scenery, the food is superb the people are beautiful althought the population of Boa Vista is less than 9000

     

     

    few nice restaurants so got out of the hotel and try them out

     

     

    I have a contact on the island if you need anything just let me know

     

     

    FERRYTIM

  17. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Wouldn’t it be absolutely incredible if those 20 Octopus investment vehicles that represent Ticketus were directly or indirectly purchased via an employment benefit trust and were very familiar names to us….or would you leave those names off the list ?

     

     

    Hail Hail

  18. Ray Singh-Carr on

    Has anyone got any info on who we might face in the CL qualifiers yet?

     

     

    Confused.comCSC

  19. On gate sharing

     

     

    Unpopular opinion …

     

    How many times do you have to be told that it has no credence within the Celtic community?

     

    How many times do you have to be told that it is against the law?

     

    How many times do you have to be told that it is morally wrong as well?

     

     

    Credence /popularity: Guided, as ever, by Lenin I shall patiently explain.

     

    Which law is that? I do not confuse wishful thinking with the law. Perhaps, though, you’re right and a “swoop” will fall like a clap of thunder on all the Scottish Cup games in January …

     

    Morally wrong? Morally? “Help! They’re after ma money!” We shared gate money from league games for 90 years or so, we share gate money from cup-ties now, morals are not so elastic as that.

     

     

    There is a case against gate-sharing: it reduces the plc’s income and so undermines profits and damages the value of Celtic as an asset. By increasing the competiveness of the league, both by helping the other clubs and handicapping Celtic, it adversely affects our chances of winning the league, thereby reducing prize money expectations and chances of extended CL participation.

     

     

    If the realisable market value of Celtic was part, even a modest part of my personal asset portfolio, do you know, I would oppose gate-sharing.

  20. MurdochauldandHay on 9 July, 2012 at 18:47 said:

     

    @celticresearch now exposing directors of clubs who are voting yes to newco as hvn shareholders. Porteous at Berwick, Thompson at Stenhousmuir. Add to that Ballantyne and Ogilvie and the whole thing stinks.

     

     

    share on F’book or Twitter

     

     

     

    Conflict of interest all over the place, any legal challenge to any of this mess, will show them all up for what they are……Hun Loving Apologists.

     

     

    Just to confirm

     

     

    No version/mode/type/kind/variety/flavour/perversion of Hun will playing professional football in Scotland next season.

     

     

    Simple

  21. Steinreignedsupreme on 9 July, 2012 at 18:41

     

     

    I’m not convinced. Der hun defrauding the taxman couldnt be covered up, not even by the masons.

     

    As for the independent tribunal? There you have it. Unless you’re telling me there’s no such thing as Masonic judges?

  22. Vmhan

     

     

    In all honesty, it’s getting to the stage that I would rather we resigned, I don’t care if we have nowhere to go, and just let them get on with it and steep in their own excrement.

     

     

    We are Celtic, we are better than to go along with their corruption.

     

     

    What the huns can’t control, they will seek to destroy, fine by me.

  23. Ray Singh-Carr on

    Cheers to everyone that responded. Bit clearer now and looks like we are well placed to at least make the Group stages.

     

     

    :-)

     

     

    HH

  24. Paul

     

     

    Surely plan B would be along the lines of the following:

     

     

    All away matches shown live on TV are broadcast at CP. We open the various lounges and suites, watch the games in comfort, spending money at our own club. We send a token away support to each ground of let’s say 100 or so fans, meaning away clubs have to open their stands, police the games, provide segregation etc and Neil and the team have some sort of support to witness our league victories. This should maximise cash for Celtic and minimise profit for everyone else. They want a fight? I say bring it on.

     

     

    HH

  25. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Deliasmith

     

     

    I am legally obliged to do so as a shareholder on many levels. So considering what we,are dealing with I will take the advice that I pay for.

     

     

    I suggest the SFA contributes more or asks for help what is a Scottish problem. They are all so dysfunctional that they have no money including the SFA that is why they are moving in on Celtic.

     

     

    With this evidence you would have to be an imbecile to agree with anything with anyone who has presided over what is Scottish football today.

     

     

    Many business practices have changed over the years and I don’t recall it being anything other than a handout. Michael Kelly would get a job in the ticket office.

     

     

    I think you are right , why would Celtic try and precipitate change in the same environment that we witness today ?

     

     

    We are charitable but we are not stupid.

     

     

    HH

  26. “The

     

    club took its position on the Rangers

     

    situation last week along with all the other

     

    SPL clubs and it was confirmed that Rangers

     

    would not play in the SPL next season.

     

    ”Clearly, in terms of where Rangers do play,

     

    that is now a matter for others to decide

     

    upon, it is something we have no control or

     

    influence over.

     

    “We must now move on, and move on with

     

    a collective unity between the supporters

     

    and the club and the team. We enjoyed that

     

    unity last season and we now need this to

     

    continue more than ever.

     

    “We now know what the situation is and

     

    where we are and it is a situation we must

     

    now deal with.

     

    “We need to stand strong, shoulder to

     

    shoulder and all work together to continue

     

    to move the club in the right direction.

     

    “We will need the supporters to be right

     

    behind the team. We want as many fans as

     

    possible to come back to the club and take

     

    their seat at Celtic Park and invest in the

     

    club as much as possible.

     

    “We are now looking forward and not back,

     

    we have a vibrant young team, I want to

     

    progress this team as far as I can but we

     

    cannot do this without the fans’ support.

     

    “Our priority is the same and we’ve

     

    approached the year the same way as ever.

     

    “There will be no slacking off or

     

    complacency, we have a lot to look forward

     

    to and that’s what we are preparing for, but

     

    I need to be very clear, we need our fans

     

    with us every step of the way.

     

    “We cannot let outside negative influences

     

    dictate the mood at Celtic, we are very

     

    optimistic and we are very much looking

     

    forward to the season but we need our fans

     

    right with us”.

     

     

    Neil Lennon

  27. Paidraig Marley on 9 July, 2012 at 19:02 said:

     

     

    Pretty sure we can’t get Basel until the group stages, the Basel Bhoys I know seem to think that too, I hope we get Basel in the group stages, that’s a home game for me and I get to meet some of the Internet Bampots from here…

     

     

    Double Winner…

  28. On Reporting Scotland there was an item saying that International clearance had not been given for the recent transfers of players from the ex-Rangers and that UEFA?FIFA would have to step in. Naismith to Everton was mentioned. Does this mean even more trouble as FiFA/ UEFA will take a din view of Mr Green`s blocking ( I think) of this clearance?

  29. Paidraig Marley on

    starry plough on 9 July, 2012 at 19:19 said:

     

     

    Paidraig Marley on 9 July, 2012 at 19:02 said:

     

     

    Pretty sure we can’t get Basel until the group stages, the Basel Bhoys I know seem to think that too, I hope we get Basel in the group stages, that’s a home game for me and I get to meet some of the Internet Bampots from here…

     

     

    Double Winner…

     

    …………………………….

     

    don`t know what happen`d there starry, i never posted that..?

  30. Steinreignedsupreme on

    Foxy_1888 on 9 July, 2012 at 19:04:

     

     

    I’m sure you thought the Huns would never be liquidated, and that there would be an arrangement to get them into the SPL.

     

     

    As I said before, if the Huns had such influential people fighting their cause they would still exist.

     

     

    I’m not sure if Lord Carloway is a Mason. Assuming he is, it didn’t help them too much did it?

  31. Here is the BBC article on that lack of clearance:

     

     

    “Rangers: Five former players refused transfer clearance

     

    International clearance has not been granted for the transfers of Steven Naismith, Steven Whittaker, Steve Davis, Kyle Lafferty or Jamie Ness.

     

     

    The quintet have found new clubs after refusing to have their contracts transferred to a newco Rangers.

     

     

    But, with Rangers seeking compensation, the Scottish FA will not provide authorisation for the moves.

     

     

    Fifa are expected to grant temporary registrations while the world governing body rules on the matter.

     

     

    Davis has joined Southampton, while Whittaker has signed for Norwich and Everton are Naismith’s new employers.

     

     

    Ness and Lafferty have found new clubs

     

     

    Ness moved to Stoke City and Lafferty is with Swiss club Sion.

     

     

    Clubs request international transfer clearance (ITC) through their own national association, who then contact the SFA who, in turn, contact the club the player is leaving.

     

     

    However, in this case, the issue is muddied by Rangers FC plc being consigned to liquidation and the newco Rangers having not yet become members of the SFA.

     

     

    Eleven players have refused to join the new company set up by Charles Green after he purchased the assets of the Ibrox club.

     

     

    Those leaving have been advised by their union that they do so as free agents.

     

     

    Green contests this and has written to all clubs in England warning that the players are in breach of contract.

     

     

    PFA Scotland say Green is deliberately misrepresenting the contract situation, with union chairman Tony Higgins last week saying: “I haven’t spoken to a single employment or sports solicitor who agrees with Mr Green’s interpretation of the law.”

     

     

    Fifa say they have received no requests on behalf of any former Rangers players.”

  32. Paidraig Marley on 9 July, 2012 at 19:24 said:

     

     

    Not you Mate sorry STV, their breakdown looks a bit different from ole Bert’s…

     

     

    Starry in stress the day

     

     

    NoveryclearCSC

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