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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Has Knoxy been on in the past few days? Just wondering how wee Oscar is getting on!
what im listening to
you get that?
Spongebhoy
who lives in a pineapple under the sea
How are things Mucker?
Noel Gallagher and Gerard Butler..on Norton Show. Good Tims.
davythelotion says:
6 January, 2012 at 23:07
No mate
Check out these muppets…….
http://www.youtube.com/watch?v=21OH0wlkfbc&feature=related
sorry, my daughter was shouting at me for having my music too loud! Village green preservation society, the kinks
Davythelotion
Thanks for the memories.
On every family get together me Uncle Seamus used to start us off with The Town I Loved So Well but no one could compete with his Black Velvet Band when he was in his cups.
Seamus Duggan RIP! (Tear wiped and move on!)
HH
AoW
noel quite witty
The Spirit of Arthur Lee says:
6 January, 2012 at 23:09
Spongebhoy
who lives in a pineapple under the sea
How are things Mucker?
——————————-
LOL – I almost burst into song there :-)
Things are much better mate – thanks for asking
I have a lot of good people around me, including our resident Bjmac
Hail Hail Buddy
Art of War
Town I loved so well, Mammy’s favourite song
Kojo
superb
I still have a hardback copy of Biggles from 50’s somewhere
the fans could wear scarves on coat hangers – In honour of oul’ Biggles white silk waving in the wind..
could catch on
HH
M
Good night bed time
Hail hail Bhoys
@davy
thats why i was askin about links. i love the diversity
i can go from axis bold as love to pat boone to the thorns to the
jayhawks to small faces to sam cooke erm you get my drift
@paulsatim im hopeless on comp so dont understand how to follow your post sorry
thanx guys
Micheal D rockin in the Dail, the saw doctors
My dear,dear,dear,friend.. Petec.. @ 22.42
Hi Ya,pal?
Nice tae Greet and Meet ye..
That’s fur sure!
Of Course, ye are right.
It is of Paramount Importance.. as to whether. Master Rhodes is a “Poacher” or a “Creator” of his Ain Goals.
It looks tae me.. and Ah am basing the following..oan..
Nothing,in Particular..
That,
Master Rhodes, is a “Poacher” and therefore..is no a Self Starter…
Noo.. when ye think aboot it.. and Ah hivnae ever thought aboot it.. till .. Jist Noo..
Whit Dae Celtic Need..
Dae we need …a “Poacher” or a “Self Creator” of Chances?
Well..
Noo, that Ah hiv thought aboot it…
Ah wish that Ah Hidnae!
Tae be honest..Ah couldnae gie ye an answer tae that question.
Hmmmmmm
Howevahhhh pal..
As the capture of Master Rhodes is noo well oota oor Reach… the answer is..whit Ma Friends in the Legal System.. term..
Moot.
and, as soon as That woid, is Mooted.. and Booted…
Fugetttaboootit!
Noo, whit wiz the question?
Jist hiving a wee bit fun , wi ye ,pally
How aboot.. those Politicians?
Ah Know..
Kojo
yer pal.. who thinks that ye are a profound Thinker.
Davy The Lotion
href=”http://www.youtube.com/watch?v=zL9tyzE83nc”>Kinks, Village Preservation Society
Add “<a" in front of the href above, without the "'s and leaving a space between the a and the href
Kinks, Village Preservation Society
Brighton bomb,sky 138. @ 12.00,the night maggie shit her tights..
DavyTL
I heard it played once from a wee guy in a pub in Ballybofey and there was not a dry eye in the house. Yer mammy had good taste!
HH
AoW
St.John.Doyle says:
6 January, 2012 at 21:00
Thanks for that link to the rules. My own take before reading it or your post was on similar lines in terms of the requirements of any deal. Here is one way a deal could be established that mixes justice with pragmatism.
The terms of the deal, whether the SPL fronts it or not, should be dictated by Celtic as the healthiest member of what is left of the sick SPL and the club most financially wronged by Rangers’s behaviour.
Celtic, as an alternative to sueing both Rangers AND the SFA for compensation for lost CL revenue (as well as having the most supporters/shareholders to satisfy) should insist on the following:
1. Someone other than CW with recognised integrity in football administration and no connection with RangersOldco, be appointed to take on the creation and administration of Rangers New co. If this means CW selling Newco or keeping an interest and being paid a rent for the use of Ibrox, that is up to him, but he cannot have any administrative responsibility at Ibrox. (I doubt he wants it anyway).
2. In recompense for the last three titles lost to Rangers because they chose to pay players rather than make provision to pay back taxes, a points deduction of x points be made for the next three seasons, possibly starting at 15 and increasing by 5 in the following two seasons, with a review of continuing need after 3 seasons.
3. The three titles won in 2009/10 and 11 with money that could have been paid to HMRC instead of players be removed from the records.
4.. The titles won in 2003 and 2005, when EBT use was at its highest, also be removed from the history books.
5 The SFA and SPL agree to set up the kind of review described by BRTH with particular emphasis on making recommendations for changing the following three processes.
a) Referee recruitment, match appointment and monitoring with a view to making it a more professional service free from suspicion.
b) Licensing. by making UEFA FFP principles more relevant to the situation in Scotland as well as making them as transparent as commercially possible and making the licensor accountable to the SPL Board if they chose to ask questions.
c) Review/introduction of fit and proper persons ownership criteria and processes of approval.
These to be completed with recommendations implemented within 6 to 9 months.
I am not personally advocating this kind of deal, I am quite happy with NewCo starting in Div 3 but if Celtic are outvoted on allowing a NewCo into the SPL these are the kind of conditions I would expect them to set before they could participate in the competition.
paulsatim is neil lennon says:
6 January, 2012 at 23:21
Davy The Lotion
href=”http://www.youtube.com/watch?v=zL9tyzE83nc”>Kinks, Village Preservation Society
Add “<a" in front of the href above, without the "'s and leaving a space between the a and the href
Kinks, Village Preservation Society
unfortunately I'm an effin idiot!
Sorry I was away finishing building the wardrobe, any mair grief and I’m gonnae build it wae her in it!!!
BJmac
Clearly playing with metallic spheres has gone to yer head :-))
SOAL
Nope CT isn’t going so it’s up to me to get them lost!!!
Daily records, the who
Davy
you tube link for saw doctors is, http://www.youtube.com/watch?v=EYg2IX0OdY0
add your description here
you will need to add an = sign immediately after the href for it to work. I had to remove the = or you would not be able to see the format required!!
Art of War says:
6 January, 2012 at 23:22
DavyTL
I heard it played once from a wee guy in a pub in Ballybofey and there was not a dry eye in the house. Yer mammy had good taste!
HH
AoW
never a dry eye in my house when I hear it,
Auldheid
Since you are about, did you get that package yet ?
You mentioned a championship club earlier, who would that be ?
Goodnight Bhoys Hugh Keevins Soup Licking Timmy Ha Ha
DAvy, see I’m not that bright either!!
Just beneath the “recent articles” on top left of page, you’ll see link creator.
1 Click on that
2 then copy and paste your you tube link into first box,
3 enter your description in second box,
4 click create link
5 copy the link thats been created
6 post it onto blog
If I can do it, anyone can!!
Following from last night……. Vatersay Bhoys at the Barrowlands on BBC Alba the now ( admitedly half way through!
14. If:-
(i) a Member shall cease to be entitled to hold a Share; or
(ii) a trustee in sequestration, manager, receiver or administrative receiver shall be appointed in respect of a Member or any property of a Member, or an administration order shall be made in respect of a Member or any property of a Member or an order shall be made or an effective resolution passed for the winding up of a Member otherwise than for the purpose of reconstruction or amalgamation;
then that Member or its manager, receiver, administrative receiver, administrator or liquidator or any other person entitled to the Share shall, on receiving notice in writing from the Board following the Company in General Meeting passing a Qualified Resolution that such notice should be issued by the Board and confirming the identity of the proposed transferee, transfer its Share to such other person as the Board shall direct at the price of £1 and the Club owned and operated by such Member shall forthwith cease to be a member of the League and the Club owned and operated by the transferee shall become a member of the League in its place.
———————–
Paul67
I have read and re-read and re-read the above in relation to your article.
I don’t believe this is as straight forward as you believe or have been led to believe.
Article 14 states categorically as detailed in bold above that ‘following the company (the SPL) in General meeting passing a qualified resolution’.
This stipulates that the board of the SPL can only act in relation to a transfer of a share after a General meeting of members has been held and a qualified resolution requiring 90% of member votes to pass the transfer of a share.
For your info.
Qualified Resolutions (90%)
(a) the expulsion of a Club from the League;
(b) the passing of a resolution to wind-up the Company or to approve the presentation by the Company and/or its Directors to the Court of a Petition to wind-up the Company;
(c) any alteration to the authorised or issued share capital of the Company (other than as a result of the transfer of any share in the Company made in accordance with these Articles and/or the Rules);
(d) any alteration, variation or modification of these Articles or Section C of the Rules and/or any other part of the Rules the alteration, variation or modification of which would have the effect of altering, varying or modifying a provision or provisions in Section C of the Rules and/or of these Articles and/or or the adoption of a new, substitute or different Section C of the Rules and/or of these Articles;
MWD
paulsatim is neil lennon
He needs a Facebook or Twitter account to post from Spotify
timbhoy2- He was called a “Soup Taking Uncle Tim”- STUT- kinda suits him!
Christy
The Spirit of Arthur Lee says:
6 January, 2012 at 23:32
ahh, didnt realise he was using spotify!
started watching 50 Dead Men Walking on bbc2, based on a PIRA double-agent (Marty McGartland) but by God, a very clumsy scene-setting intro (for a Candaian audience I think) and the appearance of Ben Kingsley have sent me back to the comforting intellect of CQN – only to find I missed a quiz that I could have won. Er, if everyone else didn;t know there was a quiz.
On the plus side, the clunky IRA film played this:
SLF – Alternative Ulster
Alright Friday nyte tunesters, more Six Counties tunes…!
Mr Kelly
My dear,dear,dear,friend.. Saltires en Sevilla
So you wur/ur an Aficianado. of Biggles.. as well?
Well,isn’t that Nice?
Of Couse, Biggles Books wur Fun.and awe that but,,
The Radio..Detective.. Ah think he wiz a ‘Tec..
or. Maybee he wiz wan of they.. “Sodjers o’ Fortune”
Na.. He wiz a Secret Agent.. oan Her Majesty’s Service..
anyway..
Ah am writing aboot..
“Dick Barton”.. Special Agent!
That’s it. Ah goat it Noo..
He wiz a Special Agent… whatever that is..or wiz..
And he had his Trusty Helpers..
Dick, Jock .. and..
Hmmmmmm
He hid anither fellah.. and Ah canny remember his Name..
Rainy?
Showery?
Ah agoat it noo..
Snowy!
that ‘s it.!
My.. Those wur the Days..
Nae Tele… jist Steam Radio!
Ach.. who am Ah kiddin’?
Ah never ever Hoid of eether.. Dick , Joack or Snowy.. until
collie.. reminisced aboot them.. wan night, in his Cups.
But, Ah jist thought Ah wid Bring those Names up..
Who knows?
Mebbe, some o’ Ma Readers , wull hiv actually, listened tae wan o’ those Stirring Adventures…propagated by Dick, Jock oand Snowy…in thur Yoof???
Well.. Ah like tae think so, anyway.
Kojo
yer pal.. who likes ye mair and mairer.