BBC report that Newco Rangers chief executive and major shareholder, Charles Green, has indicated to his board that he will resign. Two weeks ago the last owner of Oldco Rangers revealed that he was also a director of Sevco 5088 Ltd, the company who had an irrevocable agreement to buy the assets of Rangers from administrators Duff and Phelps.
The entitlement of Sevco 5088 was subsequently assumed by Sevco Scotland Ltd (now Rangers Football Club Ltd, a subsidiary of Rangers International FC PLC). Sevco 5088, which Green remains a director of, is now owned by Worthington Group PLC and has started legal proceedings against Rangers Football Club Ltd, claiming ownership of their assets, including Ibrox, Murray Park and all intellectual property.
Green initially rebuffed Whyte’s claims, insisting they were invalid, but his decision to surrender and.… walk away, is sure to add to speculation to what is coming next. Boom!
Reporters are desperately trying to find out when Zadok the Priest was heard at Ibrox Stadium, releasing Green from one of his hilarious commitments.
NEW SERVERS ARE LIVE AND READY TO ROLL
The current CQN server was commissioned in June 2011. When we approached the annual renewal time last year, like a lot of the media companies mentioned above, I thought, with no Rangers, interest will fade, there’s no point increasing infrastructure.
The traffic peak we endured in May 2012, when the server played its part in some major issues, hasn’t been matched since, but server resources continue to be stressed. Last week I bought three new servers (we now have three physical and one virtual) and shortly after full time at Tannadice tonight, our man Andrew in Belfast will bring the system down and start the migration process. We will be offline for a few hours.
After we’re back your existing user accounts will remain active. The domain name (celticquicknews.co.uk) will point to a new server (IP) address but it can take hours (or days) for each internet service provider to update their records. As a result, celticquicknews.co.uk might not find the new server immediately.
Once we are live I will let you know the server IP address (a series of numbers you can type into your address bar), which will enable you to get onto CQN before your ISP has updated their records. Check Twitter (twitter.com/cqn) or Facebook (CQN-Magazine) for the address.
Let’s hope it goes smoothly…….
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James Forrest
On UEFA licensing here are the rules that stopped UEFA considering any application.
Article 12 – Definition of licence applicant
1 A licence applicant may only be a football club, i.e. a legal entity fully responsible for a football team participating in national and international competitions which either:
a) is a registered member of a UEFA member association and/or its affiliated league (hereinafter: registered member); or
b) has a contractual relationship with a registered member (hereinafter: football company).
2 The membership and the contractual relationship (if any) must have lasted – at the start of the licence season – for at least three consecutive years. Any alteration to the club’s legal form or company structure (including, for example, changing its headquarters, name or club colours, or transferring stakeholdings
between different clubs) during this period in order to facilitate its qualification on sporting merit and/or its receipt of a licence to the detriment of the integrity of a competition is deemed as an interruption of membership or contractual relationship (if any) within the meaning of this provision.
So for UEFA The Rangers began life in 2012 and as long as they do not enter liquidation again it is three years from 2012 before they can be considered. (The SFA who were using UEFA FFP standards would have required UEFA permission to deviate which they would never have got. They must have been prepared to ignore their own licensing standards to place Rangers back in the SPL had SPL clubs agreed.)
I covered it at
http://celticunderground.net/?option=com_content&task=view&id=916&Itemid=32&fontstyle=f-larger
but what I missed at that time was that had The Rangers produced 3 years audited accounts and won a UEFA place, UEFA would have considered the application on its merits as long as The Rangers were more than three years members of the SFA (whether they had submitted three years accounts or not for the SFA to grant a licence. That is as long as the SFA ignored licensing criteria and continued membership the accounts in three years time if audited would be acceptable for licensing purposes. Hope that is clear.
The Rangers business case that predicts black (or red hole) is at
https://docs.google.com/file/d/0B62m3ggkEX2RUWZ5THpycmFpTms/edit?usp=drive_web
Click the Open button to get it in technicolor or e mail me for the file.It is interactive in that you can change variables to see impact of raising prices, delaying payments or reducing wages.
At that point
Hell mend them. I love listening to BFDJ, thick as mince and twice as ugly.
who is going to be serving the tea and biscuits to the season ticket queue down govan way this summer
Petec – what he actually said was ‘Sevco will emerge from this a much stronger club ready for the CL within 4 years….. Nurse I think I need changed again………..’
These are Great and Glorious Days!!!! Ya dancer!!!
ernie lynch
18:27 on
19 April, 2013
What hun lawyers?
Who are these people?
charles kickham
18:33 on 19 April, 2013
who is going to be serving the tea and biscuits to the season ticket queue down govan way this summer
==============================
The Salvation Army,Samaritans or the Red Cross…… take yer pick.
New club that Celtic have never played and are an irrelevant daft wee division three club
or
Same club as the one that died and some Celtic fans have an interest in?
Whats it to be?
Jabba looking through the job pages, maybe the Airdrie Advertiser needs a paper boy?,
“Worked his ticket”. Who had that in the sweep?
Hugh Keevins – “There is a huge complexity surrounding matters at Ibrox”
What he really means ” I have not got the foggiest idea as to what is going on at Ibrox ” (or anywhere else for that matter ) :))
HH
Tell us dj “WHO OWNS RAINJURS?”
BFESDJ = LLllllllloooooooollllllLLLL :):):):):)
BFESDJ…..quality hun…his new Chateau…racist remarks…red herrings…slugs and mugs, ah stoap my aching face..
EN – horrible Tribute act that wants to pick up debt free from where its corpse left off and skew the entirety of Scottish Football and all the decisions made around it.
Good riddance to them.
Irrelevant? Perhaps. But I think we all want to see any manifestation of what they were trampled down at birth or we end up with a very similar looking bunch of bigots unduly influencing the outcome of football matches through their proxies.
You know some clubs have desroyed scottish football with their selfishness, their apathy, thie arrogance and their dismissive superiority. So much so that historically they stole 22 trophies, corrupted a national football association, had the countries media at their beck and call and even hoodwinked the judiciary..so much so that the country even bought into anti fenian bastah rules. Not to worry they have their priorities right. Neil will server a 3 match touchline ban. In the interests of justice.
It’s the ‘P’ word. Says BFDJ
I’m already ashamed on behalf of all the east Asian and Asian people I know – I’m sorry.
Who owns Ranjurs Derek ????
The investors own rankers lololokolol !!!!!!! Stupid stupid gullible sevconians !!
This is a bit bemusing for my wee brain but too funny at the same time. Can’t help but fear that there still lurks a Zombie Resurrection League reconstruction as part of this. Maybe one us could apply for the job a keep up the good work of agent white and chuckles!
HH
EN – new club but same fans who need help waddling out of the big Egyptian river:)
starry plough
Happy Birthday to yer Mammy.
God Bless her.
HH
Charles Green found that you could not, in fact, polish a jobby. But you can, if you fool enough people, cover up the smell, put some nice clothing around it and kid enough people on for long enough to invest in said turd and then get out of dodge quite a lot richer before the jobby hits the fans.
Sevconian on clyde has epiphany moment.
RobertTressell
It is very hard to see much intelligence in Hately but I’m starting to think he must be a deep plant, very deep. ;)
ulysses mcghee
18:39 on
19 April, 2013
Protestants? East Asian people dont know. Trust me.
bfdj is one big daft man is he no? I think and I hope the sevco are going tits up
please please please please please please please please just die
yours sincerely
stephbhoy
KevJungle – “Walk-On” in the Jungle = Bliss
Thanks Kev, she’s had a rough time recently and I’m happy to say that sometimes our prayers are answered…I am over next month see her with my wee girl that she hasn’t met yet, canny wait..
RobertTressell 18:39
Uch I know but they get too much air time on the Timternet, far to much.
Though I just heard this on the radio:
Superscoreboard hun ‘If ranjurs go into admnistration AGAIN Scottish football is dead, totally dead.’
Scottish football will be dead, yet again?
EN
Margaret McGill
Spot-on M8
HH
On another note – how many games did they ban Craig Brown for when he assaulted someone on the touchline?
The wounded animal has a bit of bite left.
TootingTim
18:41 on
19 April, 2013
Nile Lennon?
” A tyrant of abuse” classic BFESDJ’ism…
Hi folks.
I’m merely a lurky (with great interest in all that involves the demise of The New But Old But Still New Rangers).
Is this news as sweet as it seems? I haven’t read all comments yet as I’m just too excited!
To me, being of a simple type, would I be right in thinking Chuckles has been forced to walk aw before he pulled off his masterplan? Are things really too deep in the poopings for him to continue?
Could some kind gent please put things in a simple, easy-to-digest way, what this means for ‘them’… and there
I would love to see Gilmour’s face tonight!
starry plough
18:43 on 19 April, 2013
___________________
That’ll be a ghood time starry M8
Savor it :)
HH
Off oot
Estadio Nacional
18:43 on 19 April, 2013
RobertTressell 18:39
Uch I know but they get too much air time on the Timternet, far to much.
====================================
Probably pal, but it’s kinda unavoidable for the next few hours.
I’m just enjoying the craic too much.
So much so that I now really have to go. Stoopid Sevco wasting my time!
Margaret McGill
18:39 on 19 April, 2013
You know some clubs have desroyed scottish football with their selfishness, their apathy, thie arrogance and their dismissive superiority. So much so that historically they stole 22 trophies, corrupted a national football association, had the countries media at their beck and call and even hoodwinked the judiciary..so much so that the country even bought into anti fenian bastah rules. Not to worry they have their priorities right. Neil will server a 3 match touchline ban. In the interests of justice.
_____________________________________________________________________
http://www.youtube.com/watch?v=4JqZgGvxjQY
We are witnessing the evil ones exposing themselves. Pray and not Prey my Good Friend.
I’ve just been invited to a hastily arranged “Celtic” PARTY tonight….. taking my iPad with me ……. Hahahahahahahahahahahahahahahahahahaha ………!!!!!!!!