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.
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Celtic 2:0 down to Freiburg early on.
Anybody know why Freiburg play an Irish jig tune when they score?
James Forrest is Lennon says:
6 January, 2012 at 18:32
I’m sure what was really said was: it doesn’t matter how many players I sell, you’re not getting any new ones.
johnnyquest says:
6 January, 2012 at 18:36
Are there some topics you have us discuss outside the biggest story in Scottish football?
Highland dancing for singles?
The disappearance of a seven foot goat?
Forar’s new crush barriers??
notthebus
I never knew we ceased to exist in 1994
Gotta Split..
Seeya..
Kojo
notthebus says:
6 January, 2012 at 18:22
From FF
Posts: 745
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.
—
Presumably the (deranged bigots’) pressure was that placed by David Murray and co by repeatedly, wilfully and purposely evading tax for over a decade or so.
THE EXILED TIM says:
6 January, 2012 at 18:48
I did. I’m actually a figment of your imagination.
dirtymac
What imagination ?
Just seen the tackle on BK again there, you know the one gollum didnt think was even worth a booking.
If a player wanted to win the ball cleanly he’d tackle with his left foot.
If a player wanted to follow through and hopefully hurt his opponent, then plant your left leg and use your straight right leg.Also studs up and full body would also help.
As a nice touch pretend your more hurt than the victim.
Job done.
I know this was last weeks debate but with BK now out for the season just thought id give my tuppence worth again.
If you watch it again look how he could have won the ball cleanly with his left but CHOSE not to.
Celtic lose all 3 games as Freiburg won 3:0. Only Darnell Fisher impressed at this form of the game. We were really profligate at finishing, hard to believe some of the chances we missed.
bunburybhoy says:
6 January, 2012 at 17:
Think of playing teams of partimers, teachers farmers, firemen, joiners
Think of a media who detest Celtic. Indo etc
Think of a public who ignore the local game and watch Man Utd, Arsenal, Liverpool on TV
Think of visits to derelict grounds with no cover or seats and very basic toilets etc.
Think of clubs which fold regularly as in Cork, galway etc
Think of games where the attendance averages 200 – 300
Think of a league where more than half the teams are based in Dublin City
Think of a dead end. The league of Ireland is just that
Neil Lennon says NO to BESNA!! says:
6 January, 2012 at 18:55
Watch elbow’s face as he goes in for the tackle.
Should have been cited for it.
sftb,
good to see we’re making chances, pity we didnt get the rub of the green, but sometimes thats just yer luck.
These bhoys are learners, profligate is what the game is all about, being good enough to be profligate will do for me at their stage of learning.
should we be calling you Dr Doolittle, just, I noticed you talkng to the monkey earlier, cant fault you logic just the decision to try and educate a monkey:o)
Although highly entertaining most of the posts and information on ‘Ragers Newco’ etc tend to pass me by, even the highly articulate insightful ones which appear on CQN regularly, forecasting their imminent demise.
I’m long in the tooth, and I know instinctively that they will ‘survive’ and I pay little regard to the formula or regulations for their ‘re-entry’ into any SPL
because it’s inevitable, and would imagine only one dissenting vote, if there was one, to be Celtic’s.
I do however expect a judgement of some kind to be forthcoming, their dire situation is still only partly hidden, and as it’s been evident in Scotland a circling of the wagons has been taking place for at least four years.
When and if, it all kicks off you can be sure of one thing, Britannia will waive the rules.
A very good article P67, this has really opened my eyes
they’ll get back into the spl
they’ll spin some anti rangers persecution line out of this
they’ll invigorate the support
the club will be rejuvenated
needless to say the media won’t take them to town, slaughter murray, hold the club to account on behalf of the community it serves, examine the consequences of a tax avoidance/evasion culture in the current climate – nah not a bit of it.
Whyte’s sharper than I thought and I always thought he was sharp.
Has there ever been a derby game where Elbows didn’t try to do one of our players??
I rest my case..
Guilty as charged and if Healy wasn’t such a gormless clown James Forrest would also be looking at a long term injury..
Scum led by scum any talk of them getting straight back into the top flight has to opposed on all levels otherwise football in Scotland is dead, a total joke league led by jokers..
Leading by Example since 1888 Celtic..
I’ve not had the chance to look, has any of the media picked up on Whytey’s bombshell re the Huns?
GUY Called Peter on Clyde saying keevins a soup licking uncle timmy. i couldnt stop laughing .
Starry Plough,those all sound fascinating,not sure where to begin,I guess it’s just me but,at the moment,there is no story,only conjecture,trying to reasonably discuss this topic is impossible,we are all secong guessing,maybe they will be allowed to simply vanish,maybe they will be lauded for their fiscal prudence,we simply don’t know ANYTHING.
Such a furore over ed millibands typo. What a joke.
Society needs to get off twitter, face book and most blogs apart from Celtic ones and GROW UP, GET A LIFE and generally WISE UP.
Listening to this guy on Radio Clyde, talking about irrationality, talking about people losing the plot, I look at my own views on the McCulloch tackle, just in case I have gotten it wrong ….
And I conclude the following. Keevins can mock myself and others all he wants. Neil Lennon is entitled to his opinion. Guys on this board are entitled to theirs.
Kayal was the victim of a cynical assault. It was disgusting. McCulloch should never kick a ball in Scotland again. He is a thug.
I do not have to collect the views of others. I believe the evidence of my eyes. I believe what I saw. And I saw an assault.
Notthebus
The Celtic football and Athletic Company is still there and still in good health.
You can read about the company and it’s directors in the published accounts of Celtic PLC.
As I am sure you are aware, Celtic PLC do , publish fully audited accounts which comply with all stock exchange rules , and on time to boot.
A polis car and and a screamin siren,
Unopened bills and ripped-up contracts
sally wailing, a stray hun howling
Meedja fakes and ragers sinkin
That’s Entertainment, That’s Entertainment. . . La, La, La
What is that guy rambling on about
johnnyquest says:
6 January, 2012 at 19:09
Makes a change though from the usual Robbie Keane transfer window guff.
There’s no story…mmmm really, no story about the huns and the taxman…double mmmmm…I think Rangers Tax Case and the more erudite posters on here would disagree..
But to each there own! What would you rather discuss schatzli if the huns going under is of no interest to you either in conjecture, speculation or sheer fantasy..
How about Gary O’Conner to the Huns, how funny would that be??
SP
Keeping The Faith in the Valley.
SP
http://www.elainecsmith.com/index.php/coming-soon.html
bsr at 19.05
I agree. I’m pretty much sick and tired reading about the huns on here but do understand why many feel it necessary to comment.
If the alternative is to avoid CQN after all these years then I won’t and will just have to put up with it.
I think TET, who I respect greatly (with one eye on a dip in his pool), said last night along the lines of they won’t be punished in the way they should. That was just a reasonable comment based on knowledge of the workings in this country.
I truly believe they will receive a “punishment” that will have them cheering in their lodges country wide.
James Forrest is Lennon
I saw a 50/50
A non story if it wasn’t Mcculloch
not looking for a debate, just an alternative point
James Forrest is Lennon says:
6 January, 2012 at 19:10
Agree 100% mate – it was reckless at the very least. Spoke to a couple of guys in work and said Collum had a shocker..must say I seemed to be in the minority and colleagues are a mix of us and them. I thought he could have sent off a number of their players – Lafferty, Jelavic, McCulloch and no question about that Healy runt!
I just hope that when we do the McCulloch and roll about feigning injury that we get the same sympathetic hearing from the Ref.
As I have said before about Collum – he comes from a Celtic mad family, my brother worked with his father who was as GREEN as they come. I have even sat beside WC at Mass and do you know, if I had to do so again I would find it hard to look him in the eye. A disgrace to his family and his so called Christian background.
I was shootin the breeze with a Celtic supporting friend in Perth today when he started tellin me all about x from his work who’d phoned up Jabba and Chic after the game on the 28th, you guessed it. . . . . ‘Grant fae Perth’ a fully fledged season ticket holder at CP :))))
Delahunt now reads the bit from the REAL news of the day about players being sold to allow purchases.
What about the REAL story? NO WAY TO SETTLE
Partizan, sent you my contact details amigo!
Vinny
Bunburybhoy @ 17.28
We may as well have a laugh, but as much as i would love to see Celtic play in my native Dublin in the LOI – you’re joking of course.
Celtic playing in the fourth division in England is an abominable thought that would have Jock Stein turning in his grave – where is your pride.
The passage into the English Championship may not be as difficult as some may think , particularly if we don’t have Rangers hanging onto Celtic’s coat tails.
surely when thems go ‘fut’, finally and irrevocably we will not go near them with a barge-pole in terms of shirt sponsorship….
Make the point Celtic.
Had the misfortune to hear Real Radio about half an hour ago.A hun on made a couple of banal points,then “see that Kayal got injured in tackle wi McCulloch?”.”Yes” was the reply.””good!” says the cretin.Cue sniggers from fat Johnstone, the host et al.They then proceeded to have a conversation with this halfwit.Celtic should withdraw all access from this joke of a broadcaster.
RobertTressel/JF – I was once an idealist too. The sad fact is, to the vast majority of voters in the UK these things matter, and no amount of shaking your fist at the heavens will ever change that. The mental vacuum created by the average voter’s inability or unwillingness to avail themselves of a true political opinion is occupied by the “opinions by proxy” they lazily inherit from the Mirror/Sun/Daily Mail.
I’ve long believed you should have to pass a simple test on party manifestos before you’re even allowed in a polling station.
Ed Milliband may have the best political mind on the planet, he may be able to solve world peace and banish hunger, but he will never be voted PM cos he looks like a nerd.
dirtymac 6 January, 2012 at 19:03
Neil Lennon says NO to BESNA!! says: 6 January, 2012 at 18:55
Watch elbow’s face as he goes in for the tackle. Should have been cited for it.
I was at the game and I thought it looked a bad one.
When I got I had a few beers and watched the game, as you do.I seen the venom on his face also the injury act, so knew it was a red.
It was only tonight I noticed he chose to plant his left foot rather than win the ball cleanly with it.
Is he scum..yes.
Is he plastic hardman..yes.
Is he a COWARD..yes without a doubt.
A coward of a man, I hope his families proud.
Barcabhoy says:
6 January, 2012 at 17:37
‘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.’
I think the relevant provision is Article 14 (ii) which deals with the sale/transfer of league membership by the liquidator of the outgoing club.
That requires a Qualified Resolution passed at a General Meeting of the members to allow the Board to deal with a sale/transfer of membership.
A Qualified Resolution requires 90%, not 83%.
The liquidator has to apply to apply to the SPL for permission to effect the sale/transfer.
http://www.scotprem.com/content/mediaassets/doc/SPL%20Articles%20as%20at%2015-Apr-10%20(CURRENT).pdf