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Newco caught in rolling statement shambles

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Having been handed their backside on a plate by the SPFL, Newco claim their incompetent resolution “was never intended to release end of season payments” as “any club facing short term financial difficulties should request a loan from the SPFL”.  This runs contrary to their earlier statement “Rangers [sic.] will immediately propose a members’ resolution which would release prize money.”

Exactly why a resolution would be required for a club to request a loan under existing arrangements is unfathomable and the reason why you don’t allow children to issue statements on behalf of football clubs.

Can you imagine the wording of such a resolution, “We propose that clubs are allowed to request a loan as it already says in the rules clubs are allowed to request a loan.”

A leaked document on the SPFL vote indicates that the vote remains active for 28 days or until it gains sufficient acceptance to pass.  If the majority of clubs voted No, the issue would still remain on the table for 28 days, allowing any number to change their vote to a Yes.  It is also the case that not voting is the same as voting No; the resolution requires sufficient numbers of Yes votes to pass.

Dundee’s No vote and rescinding that vote therefore count as the same; they are entitled to rescind or change their vote to Yes at any time.

All of this, ALL of it, is like rearranging the deckchairs on the Titanic.  Releasing prize money now will assist community clubs with a very low cash burn.  It will put only transient money in the pockets of others.  If they do not have many millions in the bank, like Celtic, or cannot find a benefactor, and no other Premiership club has one, they will be insolvent soon.

Instead of firing off angry statements or conspiring to subvert the League, Newco would be better advised to face harsh realities.

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  1. My independence seems to vanish in the haze

     

    But every now and then I feel so insecure

     

     

    Braw

  2. Bhoyjoebelfast on

    As managing director at Newco and also on the SPFL board how did Robertson not ‘explain’ the rules to his mates at Govan.

  3. Sevco certainly do have friends in the media – the number of journalists and pundits regurgitating their every statement without highlighting the obvious inaccuracies and contradictions there in is startling.

  4. some folks cannae help themselves….

     

     

    smiley cqn caught in a rolling shambles of Beatle classic thing

     

     

    Braw

  5. Petec

     

     

    Hope you manage to sort out the issues that are troubling you and you will be able to use CQN meaningfully in future when you are ready.

     

     

     

    Canamalar

     

     

    You were correct in some of your positions but I think you need to tailor the tone of your points to the audience you are addressing. Sometimes, they do not deserve the treatment they get.

  6. H888py Easter Monday to all CQN

     

     

    Wish several clubs in Scotland would hurry up and dissapear

     

    Let’s operate a leaner, fitter and honest Scottish football set up

     

     

    Mind you adopting Res12 could have helped move this along and get where we need to be sooner

  7. FAVOURITE UNCLE on

    SETTING FREE THE BEARS FOR RES. 12 & OSCAR KNOX on 13TH APRIL 2020 12:04 PM

     

     

    BLESSED be the peacemakers.

  8. So Johnson the PM is in his second home…..

     

     

    Mmmmmm thought we could not do that?

     

     

    D. :)

  9. Flouncin’ ain’t wot it used to be

     

     

    :)))))))))))

     

     

    In times passed great contributors would have reluctantly thrown the towel in and we’d be denied brilliant contributions, excellent insights, sharp wit and wry

     

    Celtica commentary…………….

     

    Noooooooo embdy – any Tim, Dick or Harry……. that stoaps by this open door , this Great Green Gate…can telegraph thur cream-puff, wind up to it…….. then take themsels aff to whatever AngryWhatsApp group is open…an’ still servin’.

     

     

    YuvGoatTaeLaff!!!!!!!

     

     

    :)

     

     

    NormaDesmond CSC

  10. Embdae think that if Sevco get some prize money, the ‘whistleblower ‘ will disappear?

  11. hey Bankie do you know the wan aboot the vicar the ironing board and the cream doughnut?

     

     

    Braw

  12. In ither news……………

     

     

     

    Shortie, kovering a very obvious financial situation with regards to the huns in an efficiently cast web of confusion and sensational fakery…………..

     

     

    The usual subjects to the fore!

     

     

    Ye would laugh if it wasn’t so serious……….

     

     

    ;)

     

     

    HH

  13. ah …i hiv forgotten the punchline…..must have been a belter though ….

     

     

    smiley i actually woke up this morning laughing at that thing

     

     

    must be the hand sanitizer seeping in tae me

     

     

    Braw

  14. Rearranging deckchairs is correct, especially for those with significant outgoings.

     

     

    Any notion of a short term return for football under “closed doors” arrangements would face arguably insurmountable hurdles: https://t.co/t5HaKiJ0oZ

     

     

    Countries ahead of the virus curve are already planning for NO mass spectator events such as football until Jan 21 earliest: https://twitter.com/tancredipalmeri/status/1249258458869874690

     

     

    Getting prize money now may tide clubs over until May for some, June / July for others. Community clubs could conceivably mothball operations and restart whenever. Those with high outgoings and few reserves face wipe out. Football clubs will not be on government bail out priority lists. Sponsors / tv will be hugely stretched with diminishing subscriptions and advertisers so any notion advancements are fanciful.

     

     

    Either have a VERY understanding Bank or extremely wealthy benefactor.

     

     

    It’s really that bad.

  15. Can you imagine the wording of such a resolution, “We propose that clubs are allowed to request a loan as it already says in the rules clubs are allowed to request a loan.”

     

     

    ——–

     

     

    I can totally understand why this reinforces their request for an investigation.

  16. The confusion about the loan is the definition of loan.

     

     

    Commonly, the term refers to a sum of money or a property which will be repaid or returned as agreed or requested.

     

     

    Govanly, the term refers to a sum of money or a property which will not be repaid or returned as agreed or requested.

  17. Back to Basics - Glass Half Full on

    Good stuff Pablo but it curtailed a good Beatles thing the guys had going.

  18. Back to Basics - Glass Half Full on

    How about lines from Beatles songs which reflect the Sevco situation?

     

     

    He said shamelessly getting in first with someone else’s idea.

     

     

    “Help me if you can I’m feeling down”

  19. Back to Basics - Glass Half Full on

    “The magical mystery tour is coming to take you away” (in a straitjacket)

  20. Stivs…………..

     

     

    That last one is the The Bouley…….The old Boulevard Hotel in my day……..upstairs was the dancin’.

  21. AN DUN on 13TH APRIL 2020 11:57 AM

     

    Sevco certainly do have friends in the media – the number of journalists and pundits regurgitating their every statement without highlighting the obvious inaccuracies and contradictions there in is startling.

     

     

    ____

     

     

    I think its also down to a lack of understanding.

     

     

    Their point is if the Clubs need the money and the SPFL have it they should just dish it out. But what they don’t take into account is who gets what…

     

     

    If we somehow complete the season and St Johnstone manages to go from 7th to 5th… Do Livingston & Hibs send them the difference? What are the chances that actually happens?

     

     

    It doesn’t pass the first hurdle but they don’t go any deeper.

  22. SAINT STIVS on 13TH APRIL 2020 12:28 PM

     

     

    last time I was there was at my Uncle George Chalmers wake….we were late and I was driving my 63 Humber Mk1 Sceptre ….and I had dad as a passenger so I got it in the neck big time from me mammy…

     

     

    Braw

  23. FAVOURITE UNCLE on

    Darning the socks in the night cos their ankles were bare……………..

     

     

     

    JAMES BELL staunch eye brox.

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