Newco caught in rolling statement shambles

254

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.

Click Here for Comments >
Share.

About Author

254 Comments
  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7

  1. Tim Malone Will Tell on

    I presume Trump will vociferously demand that said Captain is immediately reinstated despite his misdemeanor- that’s what he always does?

  2. Neustadt-Braw on

    there is no danger for clubs to go doon the tubes …they have all witnessed the Sevco water slide…

     

     

    smiley come out as the same club and squeaky cleanish from debt thing

     

     

    the game is a bogey

     

     

    Braw

  3. macjay1 for Neil Lennon on

    Actually , Tim

     

    No .

     

    A few examples .

     

     

    Several Trump appointees, including National Security Advisor Michael Flynn, White House Chief of Staff Reince Priebus, White House Communications Director Anthony Scaramucci, and Secretary of Health and Human Services Tom Price have the shortest-service tenures in the history of their respective offices.[a]

  4. Neustadt-Braw on

    aye but the stink from the rotting corpses…..thats what they will live with …

     

     

    smiley resolution 12 stamped right on their jugular now thing

     

     

    Braw

     

     

    awe the wee hinger awns back in their black box

     

     

    Braw

     

     

    the new shiny baw wis always Celtic s …..but our owners are at best indifferent and at the moment distracted on saving money they have no time to spend …are not present ….fecking sad ..

     

     

    never mind I remembered the punchline …it wisnae a cream doughnut ..it involved an eclair …

     

    so i will sleep easy tonight …

     

     

    Braw

     

     

     

    Saor Alba

  5. Apropos nothing at all, I had jelly and ice cream yesterday. Darn good it was too! 🍦🍦

     

     

    HH

  6. 9IAR Latest – Celtic to Stand Up and Play the Games as Italians set to play Behind Closed doors

     

     

    This headline from the Celtic Star , hope it’s a goer …….

  7. Neustadt-Braw on

    whits yer top 9 tastes …hahahahahahaha

     

     

    Braw

     

     

    smiley mines are all red cards thing

     

     

    Braw

  8. apoligies to steve pablophanque wherever he may be

     

     

     

    ———————–

     

     

    Statement writer (writer, writer)

     

     

    Dear Sir or Madam, will you read my statement ?

     

    It took me a minute to write, in the AGM tent. ?

     

    It’s based on a nonsense by a man named Doug

     

    And we need a loan, so I want to be a statement writer

     

    Statement writer!

     

     

    It’s a dirty story of a dirty team

     

    And their clinging fans don’t understand

     

    Our brother is working for the Daily Record

     

    It’s a steady job, but he wants to be the next statement writer

     

    ststement writer!

     

     

    statement writer (writer, writer)

     

     

    It’s a thousand words , give or take a few

     

    I’ll be writing more in a hour or two

     

    I will make it hateful its our only style

     

    I can change it ’round and I want to be a statement writer

     

    statement writer!

     

     

    If you really shit it, you cant beat us right

     

    We need a million from you overnight

     

    If you dont give us, we wont be here

     

    Null and void the only way and I want to be a statement writer

     

    statement writer!

     

     

     

    statement writer,

  9. Neustadt-Braw on

    well am sorry you think that of me …

     

     

     

    smiley i will go quietly thing

     

     

    Braw

  10. Rock Tree Bhoy on

    IKI on 13TH APRIL 2020 12:38 PM

     

    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.

     

     

    ________________________________________________________

     

     

    How True, great post.

  11. !!Bada Bing!! on

    I hope his top medical adviser Fauci walks,Trump trying to rubbish the guy for telling the truth on TV interviews, the guy is a God over there

  12. Neustadt-Braw on

    Stivs ..

     

     

    thats his gloryhole look captured …..to perfection…no that i wis there ,,,,,queue wis too lang and most of them were dressed in gowns and wigs

     

     

    smiley let the court adjourn thing

     

     

     

    Braw

  13. Neustadt-Braw on

    Cantheman….

     

     

    i see you….feel that pain…

     

     

    smiley think braw things thing

     

     

     

    Braw

  14. Neustadt-Braw on

    Moderator 2 …

     

     

    can I interest you in a Fess….

     

     

    your doing a braw job that wisnae needed a wee while ago…

     

     

    thank you

     

     

    Braw

  15. Tobago Street on

    DAVID17 on 13TH APRIL 2020 3:00 PM

     

    So Newco, Hearts, Inverness and Dundee, the great bastions of Scottish football have all registered a going concern in their accounts.

     

     

    Devil take the HINDmost I say! (Hearts Inverness Newco Dundee )

     

     

    T

  16. Rock Tree Bhoy on

    Sevco are considering tabling a motion to the SPFL that declares them winners of the Premier League 2020 – based on the balance of probability – that is the game in hand which they are going to win (obviously) cuts the gap to 10 points – they beat us twice (shoie in) hat cuts the gap to 4 points – we draw a couple of times e.g.Live, they don’t and there you have it – sevco declared League winners 2020.

     

     

    I’m sure its been discussed, would love to see them try:-)

  17. NEUSTADT-BRAW on 13TH APRIL 2020 5:14 PM

     

    well am sorry you think that of me …

     

     

     

     

     

     

     

     

    smiley i will go quietly thing

     

     

     

     

     

     

    Braw

     

     

     

     

    LOL…..first post ah didnae huv tae decipher…;)))))

  18. whitedoghunch on

    Neustadt-Braw

     

     

    Foie

     

    Pedro ximinez are in the top 5

     

    burger from a van outside Parkhead would make the top ten

     

    Maguro tetaki

     

    wagyu

  19. Neustadt-Braw on

    Marspapa

     

     

    smiley slipped up there with the “allo allo i will say this only once ” thing

     

     

    Braw

  20. Can all youse in the know tell the rest of us ‘registered a going concern’ mean ?

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7