I caught an online synopsis of Rangers’ owner Craig Whyte’s recent meeting with a group of the club’s fans last night. The group report that Whyte hopes, “’Rangers Football Club Plc’ could survive any administration event but feels it would not be the end of the world if it didn’t.”
We can all agree, it sure wouldn’t be the end of the world if that particular entity didn’t survive, although I suspect Mr Whyte is alluding to the possibility of a new club emerging. Celtic Quick News first raised the liquidation scenario back in October and explained a prepack route for Rangers Newco FC. If a football company goes into liquidation a secured creditor, in Rangers case this would be Craig Whyte, can retain control of key assets, such as the stadium, but would not own a football club which was part of any league structure.
In Scotland any Newco FC would have to apply for membership of the Scottish Premier League or Scottish Football League. A simple majority of the SPL board (three votes required) would be enough to vote a club into the SPL. The board currently has representatives from Celtic, Dundee United, Motherwell and St Johnstone, as well as SPL chief exec, Neil Doncaster. It is chaired by Ralph Topping, who only votes in the event of a stalemate.
If Rangers lose their tribunal against Her Majesty’s tax authorities (think of her underequipped soldiers), Celtic will not be the only club who will consider the commercial and competitive disadvantage they suffered while paying their taxes for the last 12 years, but they may be one of the few clubs that would survive without the sponsorship and TV income dependent on a club with the Rangers brand participating in the league. Celtic would vote against allowing Rangers into the league but I can see zero chance of Dundee United, St Johnstone, Motherwell or Neil Doncaster doing the same. If the board voted Newco FC into the league, the liquidation of Rangers would not be the end of the world; a football club would die but another could quickly emerge at the same location, selling tickets to the same people.
Opening positions on what sporting cost Newco FC should face for league entry were taken months ago when it was reported that Rangers would fight “tooth and nail” against a 25 point penalty on a Newco. A 25 point penalty on the phoenix of a failed club after 12 seasons of financial benefit would be an insufferable insult. This amounts to little more than a the loss of a single league title. 12 seasons of benefit should result in a 12 seasons of penury at the insolvency-event rate of 10 points per season. Small cost for the enormous gift of a league place and a huge football franchise. The SPL must also strike from the record any financially doped titles won by clubs still in existence or not.
Can you imagine if Peter Lawwell said, “It wouldn’t be the end of the world if Celtic PLC didn’t survive”! There would be an impromptu media village outside Celtic Park that would rival the Obama inauguration in size. Huge story sitting on a plate just waiting to be written up. Or not.
You can order a hard copy of CQN Magazine, issue 5, with credit/debit card or Paypal and buy direct from the UK for only £3.50 + £1.50 postage and packing. Shipping costs £2 to ROI, £3 to Europe and £4 to elsewhere. Click on the link below to order.
Click here to view the new issue of CQN Magazine online for free. You can support the online edition by making a discretionary donation here.
1,216 Comments- Pages:
- «
- 1
- ...
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- ...
- 32
- »
The Idiot..
We live in a strange and interesting time…
Discount nothing.
Honest
HH
Falkirkbhoy
Hope you have a tin hat close by :-)
Look..In the Maitter of Whether the G.A. should Remain in the S.P.L. or no… Celtic, wull hiv nae say in the maitter..
Fur We hiv the option o’ a Man who is tae be hanged
in the morn.
Which is..NANE!
The G.A. ..no matter the ootcome of this Tax Affair..
No Maitter if they Remain in Financial Perdition…
SHALL ALWAYS BE WI’ US… like, Fleas or Ticks or.. Hoose Flies..
Right?
Damned Right.
Kojo.
Paul67
I am not convinced the SPL board can make a decision. The rules indicate that league expansion or any club joining other than by promotion is a reserved matter.
Reserved matters have to be voted on by all members. Given that Rangers would no longer be a member then , depending on the timing of the insolvency event, there may only be 11 members.
The requirement is for an 83% majority. This is where it gets messy. 83% of 11 is 9.13. That means that 9 yes votes is not enough. 10 out of 11 will be needed.
We know Celtic will vote against automatic entry for the Newco, or at least will use the threat of a No vote for severe multi year penalties as the cost of joining. I would not be confident that every other club will vote yes. I think there have to be serious questions over whether Hibs, Aberdeen, and Hearts would vote yes. Self interest may persuade Dunfermline that it is there best chance of avoiding relegation.
the Key to this is to clarify that Newco applying to join the SPL is a reserved matter, and not a board vote. Celtic should make the position clear in a public statement. They don’t even need to refer to Rangers as there are doubts over more than one SPL clubs survival.
A clear statement from Celtic stating that they believe any new applicant to jin the SPL is a reserved after and would require the voting participation of all SPL member clubs, would be an important and politically sensible move
Kraljski says:
6 January, 2012 at 17:26
What about the much laughed at idea from twitters ITK-Agent
“Celtic in talks to join the Dutch Premier League?”
It has been laughed at, hypothetically, would anyone give it any consideration?
——————————————————————————-
I have followed his twitters with much interest over the past few months and his twitters have been more often proved correct than wrong.
Who knows what will happen, I’m waiting for more info ……………
u-19s losing 2-1 to hamburg,,,,,very poor!!
Hail hail
My Dear,Dear Ko-jac..
I see you have returned(Virginia Intacto?) fae the Krankies International Convention,doon Idaho way.
The El Allagui fella gave the G.A. a torrid time when Falkirk humped them in the League Cup.
However,John Sutton scored twelve goals for the Mothers last season,and is more of a known quantity of similar age.
I’m sure that he would jump at the chance to gain some trophies before his career comes to a close.
I don’t like all this talk of Commons,Paddy,Bangura all being linked with a move away,before we bring in any new ‘first choice’ striker.We are certainly missing the 20+ goal Paddy and Kris contributed last season.
We cannot simply rely on Stokes and Hooper to remain fit and ever-present for the duration of the campaign.
Our Manager should recall the situation last Winter,when injuries left us short of cover in central defence ,after O’Dea was allowed to depart early in the Transfer Window.
We might end up having to field Tony Watt and Victor up front,as a striking partnership.
Now that would be exciting !
Hope the lump in your throat gets better soon,fan-dabbie-dozie palomine….
BSR
*waving* I’m here!
HT
My family must have the same opinion as you on my beautiful and fashionable headgear – I got a brand new black Celtic one from Secret Santa. It debuted at the Glasgow Derby and the Bhoy from the Vhillage was lucky enough to see it at East End Park.
Unfortunately I m9iss out on Peter Reid due to my franchise training course, but no doubt you’ll see the new “hat” soon. Don’t get too comfy wi’ Tosh, you’re only keeping him warm :-)
CaltonTongues – keep an eye on them two for me!
hh
bjmac
Paul
I think your headline says it all “Not the end of the world if Rangers don’t survive! Too true”.
My perspective on this is that RFC realised that there was no hope of competing with us on a level playing field in 2001. Even at that time they had an enormous debt, but could rely on SDM and his friends at HBoS to find interesting ways of swapping debt for equity. They realised very early that model too was unsustainable because HBoS was answerable to shareholders, so they participated in the EBT scam.
I believe that they will never run their new business on the same good corporate governance as us and many others, not because they can’t, but because we do and they won’t want to do what we do. The world will be a much better place without their rotten festering culture. If the case goes against them, let them rot. If they get back in to the SPL with the minimal of fuss, let’s get out.
Paul67,
Excellent article,
“Opening positions on what sporting cost Newco FC should face for league entry were taken months ago when it was reported that Rangers would fight “tooth and nail” against a 25 point penalty on a Newco. A 25 point penalty on the phoenix of a failed club after 12 seasons of financial benefit would be an insufferable insult. This amounts to little more than a the loss of a single league title. 12 seasons of benefit should result in a 12 seasons of penury at the insolvency-event rate of 10 points per season. Small cost for the enormous gift of a league place and a huge football franchise. The SPL must also strike from the record any financially doped titles won by clubs still in existence or not.”
If they are let back in, why would any of the clubs/chairmen not want exactly the above, everyone knows these SPL clubs are motivated by self interest so for them to suddenly bend over backwards and pander to hun/laptop loyal agendas would be one more prime example of just how utterly corrupt this League really is.
Keep the pressure on them Paul67. ;)
Bjmac
Only messin I’m sure your both warm and suitably dapper:-))
CT isn’t making the trip, soooo you’ll just have to trust me!!!
Hope all your hard work is coming to fruition.
As to Ed Miliband’s now notorious twitter gaffe …
If we want serious politics in this country, serious political discourse as opposed to the ranting, raving crap we get now, we need to get away from fluff like this and focus on the bigger picture.
I will condemn Miliband for not supporting the strikes. I will condemn him for not following through on his early promise, becoming nothing more than a windsock for the opinions of forty strands of opinion. I utterly condemn him today for not slapping down rent-a-gub Murphy, who has undermined his position yet again, in a vainist hope this country has yet to see the last of the sleazy political upstart climbing his way to the top of the greasy pole by virtue of some X Factor quality … and quite what that is with Murphy no-one has ever adequately explained to me … at times it seems to border on the kind of things you hear in Messianic Cult’s …
What I will not do is climb upon the bandwagon that says because he looks odd, has an odd voice and comes across as bookish that he is unworthy of listening to our taking seriously. That is not politics. That is celebrity gone mad, and it’s how we’ve ended up with a PR man with no discernible skill as PM and the talking glove puppet who will say anything depending on who’s hand is up his rear end as Deputy.
Miliband may be a lousy politician and a lousy leader. Time will tell. But that so many have made up their minds already based on fluff – fluff like today – is the reason we’re deep in the mire right now. Because that’s what political discourse has become. Fluff. Disconnected from reality.
Celebrity Big Brother captures the mood very well. We have elevated, to the status of “celebrity”, a slapper … let’s not put too fine a point on it. We have given pubic license to a woman who’s only discernible achievement in life is destroying her own marriage and someone else’s. That’s the example our present culture is setting your daughters and grand-daughters, that they too can become famous merely for what crawls in and slinks out of their beds.
It stinks to high heaven, and of all the worst things that has happened in this country in the last 15 years, its steady creep into political life has easily, easily, been the worst and most destructive.
Miliband is not the leader I hoped he’d be, and wanted him to be. The fact I feel sorry for the poor sod, getting in the neck over crap like this, is reason enough; he does not look strong, indeed his weakness is evident to everyone in the arena, and I don’t see how he comes out of it.
For the country to be treating this as news, for them to be pretending it’s important or significant shows how far from the sane path our society has strayed.
My dear,dear,dear,friend…The Singing Detective.
Hiya,pal… ??
So.. noo.. Ah hiv tae be careful.. whit Ah say.. here..
jac smith, is a Palomine.
Leave it at that.
Yep.. Sun Valley, wiz a Gaz.
Ah enjoyed the Ski-ing.. when it it pronounced.. She-ing..
Which is the correct Pronounciation, by the way..
collie, told me aboot.. the North African.. who plays fur Falkirk.
He says that Lennie, should tak a Look.. it seems that collie is no the
only wan who sees possibilities in this particular Falkirk Player.
Vardy… Ah think that is his Name..is another young player, who
could dae a joab fur us.
Ah think he is called.. Vardy.., anyway..he wiz recommended by MATTIE HUGHES.. a Young Guy ,who played fur us last year.
Ah hope Lennie , follows up.
It looks like Diawarra… Is wan o’those Bridges who are too far away..tae cross.
Our Biggest Rival for his Signature, is Diawarra’s Startlin’ Success,in scoring
so many Bloody Goals!
They say He is noo.. worth.. at least.. Six Million.. and the Russians and the Chinese are also sniffin aroon.
So.. we must look , elsewhere…if no Falkirk.. how aboot Fleetwood??
Maks Sense tae Me.
Nice chatting , Palomine.
Kojo
yer pal.. who likes ye mair and mairer.
James F
What did he say?
Barcabhoy
Very insightful, thanks for posting that.
hamiltontim:
He sent a twitter message on the death of Bob Holnes where he called the show “Blackbusters” instead of “Blockbusters”.
Having spent some time with politicians of various shades, I can tell you there are few – very few – who bother doing such stuff on their own, and if I didn’t know better I’d say this was a staffer gaffe or something else.
The bottom line is it’s united some in mock outrage. Shameful political posturing over ephemera when the country is on its knees.
1. ArranmoreBhoyLXV11 says:
6 January, 2012 at 13:16
HH I don’t think for one second Rangers would assist us if the financial plights were reversed…..
* I’ve mentioned this before on here a while back so here goes again.
I came over for New Year 1993 and paid a visit to CP for a tour at the time. We were dire then and scrambling to get Frank McAvennie back as we faced the mighty Clyde in a SC tie to be played at Hamilton.
Part of the tour, which was very good actually, was a visit to the boardroom with all the trophies including the “Big Cup”.
Unfortunately an emergency meeting had been called so we didnae get in, I jokingly asked if Liam Brady was getting the sugar lump.
When I got home that night it was on the news that Celtic had rejected the opportunity to join a “new” League which murray was going to run.
He had already requisitioned a new logo which if my memory serves me well was blue and an orangey shade of red.
With us rejecting this, the idea was dead in the water, I recall saying tae my da that we would pay for this.
Fast forward 14 months later and we are almost put out of the game by steptoe’s close friend.
As we move toward the end game let us NEVER forget that.
Surely, you Guys, musta hiv tumbled that.
Politicians are Inveterate..
Liars… Theives… Rascals..and Vagabonds..
Who only want yer Vote.. so that they kin
get a Cushy Joab..
and.. wance ye gie them that..
They Pull up the Ladder..
and
Furget awe aboot you..
SUCKERS!
Yes, Suckers.. fur anywan who thinks that a Politician
wull represent the Interests of the Mug who pits him in
Office..is a
Sucker!
Mug and A Patsy!
Kojo
Laughin’.
All I can say is that I’ve very deliberately never signed up to twitter …
I get in enough trouble between here and Facebook!
Kojo says:
Thanks for a blinding example of the ranting, raving crap I was referring to.
You never disappoint.
At today’s press conference…journo…” Neil, with such a big squad, how do you manage to keep all the players happy?”….Neil…” It’s not my job to keep them happy, it’s THEIR job to keep ME happy…”……….
weebobbycollins:
Hahaha. That has cheered me up. Good on that man.
no for resigning at the moment.
but think we should be registering a team in the conference or a feeder english league.
Ideally take over gretna stadium, makes sure cross border travelling is not a problem.
What would stop other big teams doing the same to smaller leagues ? nothing and I’d welcome their inclusion. In fact cant see a better way to drive for fairer governance
Well said Neil the Boss..
A wee bit of fun for our man from Japan
Naka and the bus
James Forrest is Lennon says:
6 January, 2012 at 18:02
It is shocking the mileage msm gets out of these non event stories, especially when there are so many things that should be getting coverage, just look around the world and what is happening and we have to endure this endless drivel of tedious news.
I know you are into your films and I watched a good one last night, Siriana.
I’m going to watch it again soon because theres probably things I didn’t pick up on, anything about Iran and China is always interesting.
From FF
Posts: 745
Re: RSA Meeting with Craig Whyte (HMRC)
Sounds like he’s plumping for Administration to me
_____________________________________
Re: RSA Meeting with Craig Whyte (HMRC)
I have to admit I thought that there would be a settlement of some kind, oh well
_______________________________________
So its all or nothing then with the tax case.
So players must go to get any in, so much for the quotes in the paper that we don’t need to sell to bring in
___________________________________
Re: RSA Meeting with Craig Whyte (HMRC)
So everyone else negotiates but we don’t get he same opportunity due to pressure from deranged bigots?
How predictable.
___________________________________
To be fair, HMRC may well be maintaining they won’t consider a settlement, but that may just be posturing. If, for example, we offered them £40m tomorrow, they’d take it so I’d suggest it’s not black and white.
_____________________________________________
The tax case could rumble on for anything between one and four years due to any one party appealing the outcome.
Normal service will be carried out by our club and the day to day running of the club is not a problem.
———————————————————————————
Re: RSA Meeting with Craig Whyte (HMRC)
I suspect that there will be a deal made with HMRC regardless of what was said.He’s hardly gonna say we are negotiating as the key to that until its settled will be privacy
___________________________________________________________
Well, well, well, no chance of a negotiated settlement because of some shit stirring by certain influential people. . Seems to me these high profile people ain’t that interested in the government coffers being swollen. Their real agenda is the destruction of our club.
_____________________________________________
Maybe now is the time to circle the waggons and get the supporter groups and wealthy supporters together to see if there’s any way we can help our club.
_____________________________________________________________________________
Re: RSA Meeting with Craig Whyte (HMRC)
So how can we offer new contracts and possibly sign new players if we’re in the shit? Something doesn’t add up.
____________________________________________________
Re: RSA Meeting with Craig Whyte (HMRC)
please dont tell me that administration means losing all our proud history
_________________________________________________________________
Correct me if I’m wrong, but The Celtic Football and Athletic Co ceased to exist in 1994. Does that mean they havent won the European Cup? .”
——————————————————————————————-
Many varied opinions being put forward re the rebirth of the mongrels.
Bottom line, they should never be allowed to go straight into the top division.
If they are allowed straight in in then they truly are the “people”. The follow followers will get right behind them, to them nothing will have changed.
Meantime the Celtic support will be fractured with thousands walking away.
Keep the mongrels out!
Neil canamalar Lennon hunskelper extrordinaire says:
See, mate, that’s an argument I like the sound of, and an option I always wondered why we did not pursue. To register a varient of our club in England, to spend some money on infrastructure etc, and let it work its way up, possibly with our youth players, or the best of them at least, on loan ….
Why wouldn’t it work? Why couldn’t it work?
I presume a lot of the boys on here are from England. Would you, on your weekend off, if Celtic weren’t playing the same day, go and see our kids or reserves play in a competitive setting, in the lower tiers of the game there?
Jist James
And A Big Thank tae You,pal..
Who never fails tae act ..like a Spoiled wee School boy…
Wi’ yer..
Name Calling and Cheap Insults..when ye fail tae agree
wi anither’s opinion.
Pal..
Ye are a Pretty sad…
Example of a Debater..
Ye wullnae go far in Politics.. fur ye canny mount a sensible
counter attack..
All ye hiv in yer arsenal..
Are Marshmallows.. and Jelly Babies!
Fur..
By throwing Personal Insults directed at yer opponent… wullnae get yer Point of View over..
Right?
Damned Right
Greenlion2 says:
6 January, 2012 at 18:21
Brilliant!!
Oh man oh man … that was a superb call on Clyde just then.
Guy just gave Keevins it in spades. Wow.
I might still be smiling this time tomorrow hearing that lol …
Ally McCoist:
“I’ve had a couple of meetings with Craig and he did not say to me that we needed to get players out to get players in.”
Why is Craig Whyte telling the manager one thing and the fans another?
its remarkable that we need to get information from the CQN about the imminent demise of the huns
its probably the biggest sports story for quite some time yet is still not being aired publicly
Something Weird
Is there any real point in all this discussion regarding something which,to the best of my knowledge,has not yet transpired?,the unpalatable fact is,they are still in existence,as yet,no-one has tried to reinstate them to the top league,surely it would be better to wait until we have a clearer idea of what is actually being proposed before deciding how we should react.Just for the record,even although I can’t bring myself to believe it could come to pass,if rangers were to cease to exist,it would be one of the happiest days of my life,I have absolutely no time for that institution whatsoever,and would welcome the day we never had to deal with them again,but,let’s wait until it happens.
When Ki signed in Jan 2010 Transfer Window,newspaper reports at the time suggested that he signed a four year contract.
So there is no rush to sell him,unless we get a realistic offer over £10M,reflecting his enhanced commercial value to the suitors.
However,I would only sell him this window if the transfer fee was used to bring in a quality striker now….no last minute sneaky deals by PL,just as the transfer window closes.Wouldn’t be surprised if Liverpool or Spurs come up with a suitable bid .
I’ve not been keeping up… Are MWD and Cultsbhoy ‘on’ for Peterhead ?
Could be the biggest thing since “Harry Met Sally” ?
PS. Kojo,have you perused the celticrumours site ? Worth a gander.
(Add .co.uk )..don’t want to s-t-r-e-t-c-h the blog..
Kojo
I do get what your saying. However, if the Huns were to go bust, then so will the rest of the SPL apart from us, then there will be no SPL so we can go join another league :)
Tbh, I couldn’t care less about anyother team in Scotland, like you say, join the Blue Square Premier now!
Hail Hail!
P27 :)
notthebus says:
6 January, 2012 at 18:22
“For example if we offered them 40 million” comedy gold!!