Newco caught in rolling statement shambles

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.