We have discussed the Craig Whyte narrative here in some detail since October last year when we first suggested he was preparing to liquidate Rangers and attempt a prepack recovery. I expect this to be put into motion today.
You can ignore any meetings Duff and Phelps hold with prospective buyers of the club, this is window dressing. Craig Whyte and his partner company, Ticketus, are the only people in position to make a viable offer for the business. They hold security on the stadium and Murray Park with Ticketus owning the first 26,000 season tickets (approx.) sold for the next three years. It would cost approximately £40m to release Ticketus security plus whatever is owned to Whyte. No one will offer to cover these costs.
Expect Duff and Phelps to conclude their meetings and report that they are in possession of a genuine offer from Whyte/Ticketus, or their proxy, to buy the assets of the company. The proxy may be required as pretty much everyone who has touched this club in recent years would not be considered a Fit and Proper person and would fail the requirement not to be involved with an insolvency within the last five years.
The offer for all assets will be for a nominal amount and will be conditional on all legal action against Whyte or his companies being dropped. Duff and Phelps will accept the offer.
Whyte cannot afford to allow large scale redundancies as he needs to be able to sell these players in the summer or play those he is unable to sell. With the players not agreeing to a short-term cut in pay, he has to make his move now, despite the enormous risks involved in going early.
Duff and Phelps could have made redundancies 24 days ago and ensured the club would be able to finish the season, or at least survive until the tax verdict, but retaining the football squad was an important part of Whyte’s forward plan – and Whyte’s notional offer will have been known to them from the beginning.
HM Revenue and Customs will take a bath for their £75m, Whyte will emerge with all property assets and the football club, although the club will carry the significant burden of selling tickets for Ticketus.
The SPL board will have to vote within the next week on whether or not to allow Rangers Newco to continue with the same league membership as Rangers FC. Whyte will have to take an enormous chance that his proxy will be presentable enough to allow them to turn a blind eye to the enormously inappropriate behaviour.
The vote could go either way but I expect Celtic will be the only club to object.
The issue is complicated by legacy issues. Neither the SPL nor the SFA have acted on the improper registration of players matter yet. If any of the current Rangers team had their current season contracts registered with the alleged improper procedures, games involving those players will have to be awarded a 3-0 defeat to Rangers.
The SPL will have to come up with a verdict on this matter within days or else revisit the matter in a few weeks, after deciding on what to do with Rangers Newco.
The SPL must also consider the issue of precedent, the consequences of enabling a club to disenfranchise a £75m creditor cannot be underestimated.
HMRC may also have an input here. They stand to lose most from this deal and may seek court intervention, arguing that liquidating the company prior to the FTT verdict is unnecessary and prejudicial to their interests.
Issue six of CQN Magazine, the Fit and Proper edition, is set to become a landmark collectors item. You can browse the magazine online here but you can buy your own hard copy by clicking on the link below. Read with 20-20 vision…..
You can support the online edition by making a discretionary donation here.
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WBMI: what is the question?
WBMI People who think what Rangers did is wrong
Celtic are a PLC
Sometimes that has it’s downsides..I have not been slow to point that out
However, regarding the current situation:
It seems to me that there is an obligation on Celtic Plc board to act in the interests of shareholders. Where a competitor has been proven to have gained unfair advantage due to fraudulent activity … There is no alternative…they must pursue financial reparation
Biding their time is all…
Consider what Apple would do if they discovered IBM were artificially reducing resourcing costs by failure to pay tax on earnings.. Thereby giving them a crucial price point advantage in key markets
And they could prove it!
Time will tell
HH
M
WBMI why the cream fur ma chookie argyles always ends up oan the mirror
If as Paul suggested previously Hearts buy the NewCo, they could enter Division 3 as Heart of Midlothian Rangers Club or HMRC for short.
I see no problem with that.
Árd Macha
Delahunt hints that SKY will pull the plug if the SPL is without Rangers.
You know what, I think it would be better if they did. It would stop the constant use of them as the excuse for newco getting into the league.
What would ESPN do? Are they not a separate party regardless?
Mon the Hoops ITV 4
It looks as if Ally, possibly assisted by Walter are about to have one last throw of the ‘Rally round the flag boys’ caper with the players.
So 10 SPL clubs will be holding a meeting to discuss the voting structure of the SPL. Neither Celtic nor Rangers have been invited. Quotes attributed to SPL chairman – “this is the best chance in a lifetime to break the stranglehold the Old firm have over Scottish football”. So simply they want a bigger share of TV revenue they want to split gate receipts 50 / 50. In other words they want Celtic to fund them. They bring 2000 to CP and walk away with 50% of 60,000 worth of ticket sales.
Interesting post from RTC site
Hope the OP doesn’t mind
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Johnboy on 08/03/2012 at 6:41 pm said:
1 0 Rate This
Chapeaux to 100bjd and Slimshady for some fine digging earlier on (Bjorn Stiedl, hmmm . . . I’ll come back to him later).
As regards the Jerome Group PLC Retirement Benefits Plan, which is seeking to lay claim to more than £3m of Rangers’ cash, it seems this latest court revelation has caught the Earley-Whyte partnership with their pants down!
The Earley brothers, through their Regenesis firm, have seized control of the “cash-rich” Worthington Group PLC in collaboration with Whyte’s Liberty Capital firm (registered to a Portakabin in Switzerland!).
They have inserted their own men on to the board – Peter Townsend (Who? No, not him!) and Anthony Cooke.
And then, quite nakedly, they have grabbed £3m out of a related pension fund (Worthington own Jerome Group plc) and “invested” it in Rangers. Seemingly quite legally, as Cooke announced the move in Worthington Group’s annual report to the end of March 2011, published on July 29, 2011 (even though the deed had already been done by then).
Cooke wrote (and pay heed to the last line):
“The pension scheme funding risk continues to represent the principal risk factor faced by the Company. We continue, in conjunction with the Trustees to closely monitor the performance of the Scheme’s investments which total £8.26m (2010: £8.20m) together with the schemes liabilities. During the year the Trustees took the decision to change the investment manager of the equity and bond portion of the portfolio and at the same time to liquidate the Scheme’s bond holdings of some £3m. At the year end the scheme was holding £3.3m of cash (2010: £106,000) although a significant portion of this has been earmarked for a specific investment.”
It’s on Page 3 of this: http://www.worthingtongroupplc.co.uk/pdf/Worthington_Group_Financial_Stmts.pdf
Craig is not a fit and proper person?
Donald Muir was in school with one of the administrators?
It wasnae us say Duff and Phelps. A big boy done it and ran away therefore we look forward to telling the SFA that.
I know, lets no bother paying our taxes!
Tonights SFA statement on Whyte being deemed not fit to own a club is fir 1 reason only!…. So HE is not in charge of the prepack….
Old school blue knights regardless of tax evasion cases abroad will be welcomed with open arms
Bhoy67 on 8 March, 2012 at 19:00 said:
Well said!
At this rate the entire debt of Scottish football can be cleared by all clubs liquidating and electing themselves back into SPL as newcos.
All problems solved. Simples!
saltires en sevilla on 8 March, 2012 at 19:02 said:
Celtic are a PLC
As a small shareholder I agree.
But will they?
Will they perhaps cite some mysterious longer term interests?
Goal Sporting, nice wee backheeler.
HH
There was no reason for Walter Smith to step aside. Why this of all seasons?
It’s funny that when it was the taxpayers money that looked like getting stolen daryl sat doing his corporal shultz impression ,I kow nothink I see nothink .
Yet now ,when its the ragers ST money that seems to be taken ,he all of a sudden knows all the ins and outs of all ragers finances .
Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
hail hail
Again I am missing something.
Given the current voting structure, the rest of the SPL can’t actually change anything about that voting structure while RFC remain part of the SPL.
We all know that the Scottish media is mince, and not steak mince either.
Dee-ell Yuv goat tae consider yer Lennons, yir butchers yir gareengroacers and yir craig broons but yir manager ‘o’ the year huz goat to be Ally mccoist jist coz he manages ranjurz at a very difficult passage in this moment in time, he’s hud tae contend wi’ a’ sorts ae chancers wideos an’ spivs and that first team hiz goat tae gie itsel’ a good talkin’ tae in the mirror’
sparklegirl
maybe they know that they will not be part of the spl by the time the meeting is underway
hail hail
sparkleghirl on 8 March, 2012 at 19:12 said:
Again I am missing something.
Given the current voting structure, the rest of the SPL can’t actually change anything about that voting structure while RFC remain part of the SPL.
the huns need their votes to get back in, therefore there will be conditions attached
How thick are the callers on SSB… ? They can’t see their tax dodging bigoted club are done for…
jock steins celtic on 8 March, 2012 at 16:38 said:
ulysses
aye the danger is Whyte carries the can and once he leaves Rangers are deemed squeaky clean.
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!!Bada Bing!! Kano 1000 on 8 March, 2012 at 16:38 said:
Nimmo Smith says Whyte not fit and proper person to own a club.More issues the huns have to answer inc EBTs,SPL to investigate.Huns must pay Dundee Utd cup money or face penalties.
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HECTOR – Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. Eating Jelly & Ice Cream. Awe Naw… on 8 March, 2012 at 16:39 said:
SFA
Whitewashing the second contract situation.
MWD
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Snake Plissken on 8 March, 2012 at 16:39 said:
Alasdair Lamont @BBCAlLamont Reply Retweet Favorite · Open
This from @bbcjimspence All 10 SPL clubs excluding Celtic and Rangers plan to meet next week to discuss radical changes to Scottish football
The plot thickens
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RobertTressell on 8 March, 2012 at 16:39 said:
Lets say they liquidate and prepack tomorrow and nothing gets in in their way to slow it all down.
Lets say the SPL clubs let them play on.
Where does that leave them this season?
If they are not the same club they surely cannot be given the points of that club and the league position of that club. They must surely start with ‘nil’ points and simply fulfill the fixture list of the OldCo. Am I right?
SO with a depleted squad and about 10 games to go they need to hope Dunfermline lose every game and Newco win every game to enjoy SPL status next season. Referees then have their days in the sun again but realistically the world is watching…… they’d be gone. SFL1 for ewco next season.
Is this right? Will they have to struggle on to the end of the season before liquidating to avoid relegation?
Or as usual am I missing something?
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The Spirit of Arthur Lee on 8 March, 2012 at 16:40 said:
Since Jellylegs is away who will take their penalties?
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Timabhouy on 8 March, 2012 at 16:40 said:
merseycelt
dont apologise good post
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Awe_Naw_No_Annoni_Oan_Anaw_Noo on 8 March, 2012 at 16:40 said:
tomtheleedstim on 8 March, 2012 at 16:37
It doesn´t matter
Ally Dick or Jabbas big fat brar .. they will find a face to front it and one that the SFA will only too readily accept
Hail Hail
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rt rev david hay on 8 March, 2012 at 16:40 said:
and here comes the handshake brigade to the rescue
“This from @bbcjimspence All 10 SPL clubs excluding Celtic and Rangers plan to meet next week to discuss radical changes to Scottish football”
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Gordon_J backing Neil Lennon on 8 March, 2012 at 16:40 said:
But what can the SFA do about the money owed to Dundee United – ban Rangers FC PLC (in administration) from next year’s Scottish Cup?
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ASonOfDan on 8 March, 2012 at 16:41 said:
Banned from the Scottish Cup next season as well?
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Ten Men Won The League on 8 March, 2012 at 16:41 said:
Jim Whyte reads out the SFA statement on Craig Whyte, conveniently leaving out the part where his boyhood heroes have been charged with bringing the game into disrepute
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Lennon n Mc….Mjallby on 8 March, 2012 at 16:42 said:
Snake
I would think not holding an agm would be one of those other points.
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ASonOfDan on 8 March, 2012 at 16:43 said:
rt rev david hay
How can you change Scottish Football without Celtic? St Johnstone who are demolishing a stand and Dunfermline who have closed one down are going to tell us how things will be from now on?
Don’t think so…
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themightyquinn on 8 March, 2012 at 16:44 said:
Rangers FC Update
Thursday, 08 March 2012
Stewart Regan, the Scottish FA Chief Executive, reveals that the findings of the Independent Inquiry into Rangers FC have been heard at a Special Board Meeting at Hampden Park today and will now be referred to the Judicial Panel.
“I can confirm that the Scottish FA convened a Special Board Meeting at Hampden Park today to discuss the findings of the Independent Inquiry into Rangers FC, prepared by the Chair, The Right Honourable Lord William Nimmo Smith.
Principally, it is the belief of the Board, taking into account the prima facie evidence presented today, that Mr Craig Whyte is not considered to be a Fit and Proper person to hold a position within Association Football.
We will be writing to Mr Whyte in relation to those findings and shall seek a response within seven days.
The report submitted by Lord Nimmo Smith, having been considered fully by the Board, highlights a number of other potential rule breaches by the club and its owner. The report will now be used as evidence and forwarded to a Judicial Panel for consideration and determination as per the protocol.
As such, the report’s contents will not be published at this time. Nevertheless, I can confirm that the club is facing a charge of bringing the game into disrepute. Specifically, areas of potential breach to be considered by the Judicial Panel include:
· Obligations and duties of members
· Official return
· Financial records
· Division of receipts and payment of expenses (Scottish Cup)
I would like to clarify the situation relating to possible non-disclosure of payments to players, and in particular the Employee Benefit Trust. Having noted the Scottish Premier League’s intention to investigate this matter, the Board has decided to allow the SPL to complete this process, given our potential status as the appellate body. We retain our position until such time as the SPL’s investigation is concluded.
Finally, we have sent a letter to the Rangers administrators, Duff and Phelps, advising them that failure to pay monies owed to another member constitutes a breach of the Cup Competition Rules. Consequently, the club faces disciplinary action unless they make payments due to Dundee United from their recent William Hill Scottish Cup tie. A Notice of Complaint has been issued to that effect.”
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Snake Plissken on 8 March, 2012 at 16:44 said:
Why would the other 10 members of the SPL meet without Celtic to discuss the future of the game in Scotland?
Are they looking for something for themselves?
OR
Are they looking to shaft Rangers?
Or are they looking to help Rangers?
Or are they looking to shaft both Celtic and Rangers? (not sure how they could in this situation).
This is a more interesting development. Could be anything.
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fanadpatriot on 8 March, 2012 at 16:45 said:
ASonOfDan 16.43.
Bhoycott all away games.
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wonkyradar on 8 March, 2012 at 16:45 said:
My point about UEFA Is more to do with us forcing their hand…if we withdraw from SPHell we would be immediately disqualified from Champions League…not a good scenario for them. Admittedly not so great for us either. But what if der hun & cohorts leave us no choice? Do we force down the bitter rancid apple of “their justice” or protest in the only way we can?
This might all be academic for the huns might pull us all down in UEFAs eyes with their double contract ruse…leaving us disqualified from europe anyway.
ADVICE MEMO: Should take my own advice about hysterical speculation!
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tomtheleedstim on 8 March, 2012 at 16:46 said:
“This from @bbcjimspence All 10 SPL clubs excluding Celtic and Rangers plan to meet next week to discuss radical changes to Scottish football”
That strikes me as a little…. unusual. Can they meet without a rep from Celtic?
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Timabhouy on 8 March, 2012 at 16:46 said:
death by a thousand cuts
still on the cards
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!!Bada Bing!! Kano 1000 on 8 March, 2012 at 16:46 said:
Snake – The compromise of SPL 1 & 2 is on the horizon.
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jock steins celtic on 8 March, 2012 at 16:46 said:
they could say to say Celtic – OK no Hun NewCo if you agree to this.
they could say to Hun NewCo – OK you’re in if you agree to this.
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Gordon_J backing Neil Lennon on 8 March, 2012 at 16:46 said:
Why would the 10 other clubs meet without us? Is this good or bad?
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no, I’M Neil Lennon “i’ll never walk alone” (fourstonecoppi ) on 8 March, 2012 at 16:46 said:
sfa have just announced whyte is not a fit and proper person….bbc
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wishawtim on 8 March, 2012 at 16:47 said:
I have thought all along that this sordid affair has the potential to destroy the whole fabric of Scottish football. I have been revelling in this from the outset as much as the next man but I think we are being a wee bit myopic if we think that we are immune from all of this.
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rt rev david hay on 8 March, 2012 at 16:47 said:
a son of dan
they are circling the wagons in
preperation of voting back in
the scumbags.
remember this…its us versus the rest
always has been and always will be.
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Is Mise Neil Lennon on 8 March, 2012 at 16:48 said:
So, CW adjudged ‘not to be a fit and proper person to be in football’. Wow! Who knew!
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Awe_Naw_No_Annoni_Oan_Anaw_Noo on 8 March, 2012 at 16:48 said:
ok lads til laters
hail Hail
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Mort on 8 March, 2012 at 16:49 said:
Leaving aside all this Rangers guff, why are the other 10 SPL clubs meeting to discuss the future of Scottish football without the biggest contributer to Scottish football.
Do they think if they come up with some radical plan, we will just sit back and accept it?
Celtic should issue a clever statement along the lines of:
We note with interest that 10 of the SPL clubs plan to meet next week to discuss radical changes to Scottish football. While we are dissapointed not to have been invited, we will look forward to seeing what their proposals entail and whether this is something we wish to be a part of.
Mort
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seventyxseven ‘gelee et glace’ on 8 March, 2012 at 16:49 said:
Jim Whyte after reading out half the statement:
“If it wasn’t a serious matter, it is now.”
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Ten Men Won The League on 8 March, 2012 at 16:49 said:
rt rev david hay
A pointless meeting regards the other clubs
Ostracizing Celtic when they have done nothing wrong, allows us further restitution from UEFA in seeking to play our football away from the Scottish game
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Awe_Naw_No_Annoni_Oan_Anaw_Noo on 8 March, 2012 at 16:50 said:
Last comment SFA have now also contravened the FFP guidelines by allowing Craig Whyte to unfurl the flag LMFAO
Hail Hail
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Awe_Naw_No_Annoni_Oan_Anaw_Noo on 8 March, 2012 at 16:52 said:
Mort
Rangers die they will be queueing up to perform fellatio on us.
Hail Hail
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Auld Neil Lennon heid on 8 March, 2012 at 16:52 said:
HECTOR – Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. Eating Jelly & Ice Cream. Awe Naw… on 8 March, 2012 at 16:39 said:
I disagree. The SPL are to investigate, RTC has the goods on that issue. It makes sense for the SFA to be ready to be appelants.
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TimJim on 8 March, 2012 at 16:52 said:
Is this part of his plan Whyte that is, its all a bit confusing to me
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obonfanti1888 on 8 March, 2012 at 16:53 said:
the other 10 clubs meeting without us stinks, they have a cheek branding us with the same tag as rangers when it’s us who have been cheated the most out of rangers cheating
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Mort on 8 March, 2012 at 16:54 said:
Awe_Naw
I know. We hold all the cards, but a subtle warning would go down a treat.
Mort
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rt rev david hay on 8 March, 2012 at 16:54 said:
ten men won the league
that is the positive im clinging too and imagine if the other clubs have been
told already of our intentions??????
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Awe_Naw_No_Annoni_Oan_Anaw_Noo on 8 March, 2012 at 16:54 said:
Mort
maintain a dignified silence.
Hail Hail
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Gordon_J backing Neil Lennon on 8 March, 2012 at 16:55 said:
I would hope that those running our club are aware of, or are taking steps to find out, what this meeting is all about.
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tomtheleedstim on 8 March, 2012 at 16:55 said:
Obonfanti – I would agree but as someone on KDS has pointed out, perhaps they are meeting to discuss a proposal put to them by Celtic.
Unlikely I think as it would have leaked by now but a possibility.
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fanadpatriot on 8 March, 2012 at 16:55 said:
Someone has to instigate a meeting.The question is who?
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ulysses mcghee on 8 March, 2012 at 16:55 said:
rt rev
word
u
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Mort on 8 March, 2012 at 16:56 said:
Awe_Naw
There’s that argument too. I think we have done that plenty, just a warning shot across the boughs should be enough to get the others to take stock.
Mort
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seventyxseven ‘gelee et glace’ on 8 March, 2012 at 16:58 said:
ORRRRR
Celtic stay have stayed away from the meeting by choice????
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Ten Men Won The League on 8 March, 2012 at 16:59 said:
rt rev david hay
My take on it is that the clubs see an opportunity to try and wriggle more dosh out of Celtic/Newco per the new tv deal
The KDS rumour on Celtic having put a proposal to the other 10 clubs is interesting though
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obonfanti1888 on 8 March, 2012 at 16:59 said:
tomtheleedstim- can only hope so…
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wonkyradar on 8 March, 2012 at 16:59 said:
Ulysses:
As we know perception is reality or at least nine tenths of it. The construction of that “reality” is determined by narratives- the interweaving of memory and meaning. Reality itself is probably the ultimate meta narrative: Whytey as the wolf and rankers as the poor innocent white socked red riding hood is the “reality” we are gonni be spoon served…
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sixtaeseven on 8 March, 2012 at 16:59 said:
Stewart Regan:
I can confirm that the club is facing a charge of bringing the game into disrepute.
I want the Tee-shirt!!!
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Celtic Soul Brother- Supporting Kano 1000 on 8 March, 2012 at 17:01 said:
What’s the voting procedure to change rules etc. Is it 10-2 ?
If this is the case then the below scenario to force through radical changes to the detriment of Celtic/Rangers makes sense.
jock steins celtic on 8 March, 2012 at 16:46 said:
they could say to say Celtic – OK no Hun NewCo if you agree to this.
they could say to Hun NewCo – OK you’re in if you agree to this.
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I think it is Mc.Carra who wrote the artilcle.
fergus, yes that’s what I want to believe. I can’t see why else this would be their ‘best chance ever’ to break that.
So if RFC go into liquidation, the other 10 will pounce. BUT will they then let them back in once they’ve changed the voting rules?
Dee-ell If ranjurz get relegated they need tae let them straight back in, theyre opening a can ae spaghetti hoops here!
Calling all personnel outside of Glasgow Celtic and their support who are prepared to publicly state that the integrity of the game is more important than the finances of the Scottish game?
I have tried to consider what my feelings would be if this were Celtic in this position, and I would genuinely be too embarrassed to argue that we had any right to expect re entry to the top flight.
Ask a Celtic fan if they wanted to stay in the SPL under the same circumstances and I am sure the answer would be yes. Ask the same people do you deserve to stay in the SPL, and I am sure the majority would answer no. What is it with these ‘peepil’ who are unashamedly happy to answer yes to both?
Although I doubt it will happen liquidation will put the boot firmly on the feet of all Scottish clubs.
Personally I doubt if they would have the collective guts to kick it.
I will stand by my oft stated view, that enjoyable as all this is now, in the not so long term, it is meaningless.
THEY will be in the SPL next season and heaven and earth will be moved to get them into European competition.
Árd Mhaca
iontach maith.mixed memories of H5
some not so good
others wonderful
black friday eve for the dark side
however over here,on the bright side
looking forward to an utterly fantastic friday
Hail Hail
Paul67 etal.
We Celtic Supporters have had a good fortnight debating the problems that Rangers have brought upon themselves,the troubles that are in store for them,even including, their demise as a football club,could that come to pass.
There is no quick fix for them and there shouldn’t be any quick fix,they should be punished for any misdeeds that they have committed,sympathy will be in short supply from the club in the East End of Glasgow,but there is sympathy out there,they seem to think that there’s an open door back into the SPL.They may have some clubs that will have sympathies for them, I honestly don’t know why, but there will be a few clubs that will give them their vote to get them back into the SPL.
This is a club who has indiscriminately cheated every team that has ever played in the SPL,I feel sorrow for the teams that were cheated,but I have absolutely no sorrow for those that choose to cheat, rather than play the game fairly.
It may be an disease that’s prevalent in Scottish
Football,we have referees that are suspect at a bit of cheating,it could be incompetence,but I think cheating is more apt.
A fit and proper person to Buy Rangers.At this moment in time everyone that has been mentioned or involved re Rangers aren’t fit and proper peepil to run a raffle,never mind a football club.They all knew about the two contracts,if not, they were incompetent at their jobs when directors of Rangers,Dave King,Paul Murray, they aren’t fit and proper persons to have anything to do with Rangers in a New Co,But I think it’s all wishful thinking on all their parts,They would have to pay Whyte to move on,and as the Whyte Knight said, he isn’t going anywhere.
This saga will run and run,there will be more court cases than there are tennis courts at Wimbledon?.
Paul67.I look forward to reading something that has to do with Celtic,rather than what we are reading on a daily basis,although it is good reading at times.
Dawell now appears to have been having some of what Dee-ells having:
Yer bowing tae the lowest common eh, deno, denom, demonstrator…
Dee-ell ‘ at an ol’firum game the safest place is in the ground…’
So if you end up with yer b@ws for earrings….as long as it happens somewhere else, Quality
Paul67 et al
I noticed that as part of the SFA statement, Rangers were threatened with disciplinary action should they fail to pay Dundee United monies owed from the Scottish Cup tie. Kettering Town were recently deducted three points for failing to pay creditors, and I am sure the SFA has a similar sanction available.
WBMI 2-way mirrors
Sorry
SFA: Now that we’ve decided that that bug-eyed fool isn’t a fit and proper person, what’s this ‘the earth’s round’ p!sh?
Boys sorry of posted already.
From Hun rumours site.
08 Mar 2012 18:44:46
SPL clubs to have a secret meeting without Old Firm to discuss setting up a league structure without either of them 1st division clubs to be invited to join 16 league team set up.
oldtim67 on 8 March, 2012 at 19:21 said:
Your mention of referees. Amazing how quickly it has all fallen apart since Dougiegate.
hen1rik on 8 March, 2012 at 19:23 said:
So where does that leave the sacred SKY deal?