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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I also have a question for Auldheid.
Interesting posts on RTC and here with regard to Celtic seeking redress for titles, European access and cash lost to the cheats as a result of their cheating. I love the thought, absolutely love it, of Celtic going all the way with that. However, if it meant court cases, it makes me wonder how UEFA would look on it.
There is no better opinion to seek than yours.
Ole Roxy on Old Grey Whistle Test
….Dance on Moonbeams…..
Do the Strand.
I wish, above, I had written special qualified resolution with lower-case letters.
One of the things that makes me think DBBIA may, in the end, be correct about modren life being rubbish is the insistence in so many quarters of capping up who they are, what they do and all their stuff, but insisting on writing God with lower-case g even when they are talking about God and not just some god or other.
That drives me nuts, so it does.
petec,
Watch ANY other SPL game not involving the Hoops…BORING.
Our team and our fans bring the colour, in my umble opinion :O).
goldstar
each act better than the last …bob marley now in a classic
I won’t be happy with any rangers punishment unless it involves the loss of titles that were gained through cheating.
So Kayal misses the rest of the season due to a tackle by a player that should have been serving a ban.
And rangers first goal on Monday is scored by player who should have been serving a ban had Collum sent Healy off for a brutal kick.
Nothing is won yet we are still in a battle.
With Brown, Wanyama, Ledley and KI all good options for Kayal’s position it is the one area we have very good cover. However Kayal more than any of them seems to set the pace of the game.
Brilliant Mind, Furniture
fred c,
yeah, the fkn “luis suarez song” as described to me by a Dublin-based Liverpool fan who should have known better. He does now! Desperate how the EPL has gotten such a grip in Ireland over the last 20 years. Celtic’s profile wasn’t great before that but it’s worse now. Everyone’s “second team” or “Scottish team”; I think I’d prefer no support than patronising support.
Growing up in Ireland (in various towns) I used to get the “if it was Celtic v Liverpool / Man U / Arsenal who’d you support?” shyte. For Pat Bonner’s testimonial, a meaningless scoreline in a game where Packie’s brother got a game and Roy Aitken played for Ireland, I would have been annoyed if the ROI select had won. (They didn’t – Celtic won 3-2.).
saltires en sevilla- Some great stuff on tonight on BBC4, Clodagh Rodger’s dress my personal highlight!
Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. says:
6 January, 2012 at 23:31
Ernie Lynch
I also agree with you and hope that we are correct. My major concern is it is not the 1st time this has been raised by Paul67.
I have also heard (from another source) that PL & Celtic believe the situation to be as how Paul67 describes it.
I requested early December, maybe even November for a CQN lawyer to look into the SPL rules as they aren’t 100% clear as far as I can see – I’m unsure if he has managed to do so yet.
hh
bjmac
Rebels of the Sacred Heart, Flogging Molly
boom!!!!
http://www.youtube.com/watch?v=cf69vIQL_u8
tictalker talking tic
know nothing about business, so others may be able help me understand the obsticales. this is what i was thinkng;
the fundations of football in britian is built on a deck of playing cards, any sustained challenge is likely to see the fountions crumble.
celtic is a british club plying its trade in scotland
celtic as a british club pay revenue to HMRC (british government)
on that basis is there a strong business based arguement that, even the SFL & EFL would struggle to argue against, in that the club has a right to participate in a british footballing environment afterall it has been paying taxes into britain since 1888.
is there any legal grounds permitted to prevents a british company operating in different parts of britian?
what about cross boarder club arguement, where is the ligitamacy, in allowing some but not others?
surley the current model restricts free trade within britian never mind europe?
scottish football is dead, the uncompetitive nature of football on these shores further strengthen the arguement for change and progression does it not?
there is every chance that celtic and a number of other clubs will die if things dont change and celtic have a responsibility to drive change forward, from a business perspective and in accordance with protecting shareholders no?
i am sure cartels are illegal how is it possible for the EPL/ EFL to act ouside the rules of normal business?
could you not drive a bus through the logic applied to football, i dont think it all stacks up no?
goldstasr
superbo
mrs ses wizny happy wi oul clodagh’s garb
I did not mind at all
mini ses wanted to know what age the ould girl singing was ..got me thinkng she must be have been in her thirties in ’73
heatwave were majic too …didn’t know the keyboard player wrote thriller for mick jackson
enjoying it
HH
M
“I declare this song the new Irish national anthem” – John O’Neill
The heart of saturday night, Tom Waits
hamiltontim says:
6 January, 2012 at 23:58
Tom McLaughlin says:
6 January, 2012 at 23:55
I believe Mo Johnstone did similar as a youth when he trained with Celtic :-)
Look what happened to him.
—————-
Ah, but did MJ have court cases pending.. er forget about that…
SOAL,
You leave the TANK alone:-)
saltires en sevilla- Aye, easily in her 30’s, will be pushing 70 now, dont think they will be just as perky now!
tarrant,
They say “Imitation is the sincerest form of flattery”.
I was at Packie’s testimonial…cannae mind a thing about it…age :O(…
Won’t get fooled again, the Who
petec says:
7 January, 2012 at 00:05
No argument from me about elbows.
Nasty and vindictive player.No scruples.
You may be right about Lenny.Perhaps he doesn`t want to rock the boat.
Compare and contrast with Mc Coist.
Morningtown ride, the seekers,
BRT&H
I apologise but before I read on with the rest of your post can I draw your attention again to Article 14 of SPL.
You stated “Still, the clause would apply and everyone is stuck with it.”
The clause does exit but only were there has been a General Meeting of all members ( each member holding a single share as you said ) and they have passed a ‘Qualified Resolution’ requiring a minimum 90% agreement that a Newco will be awarded the share of the OldHunCo. It is not a matter for 5 or 6 members of the board to decide as stated by Paul67. Forgive me if my math is wrong but 90% means that if Celtic plus 1 other ( as it stands Hibs who holding the unenviable position of being demoted ) vote against then the Newco is stuffed, as it should be. This is not a decision for the SPL board to make which is my point.
I’m away to read the rest of your post now :-)
MWD
Houl yer wheest @ 19:01 and hankray@19:26…
I did say from Left field…
Nae harm in thinkin’ ootside the box whenever possible…
Tis the UNmasonic thing to do…
How aulds yer granny?
BJmac
Do they believe or is it what they want us to believe?
MWD
son of a celtic player now playing on beeb4
nooo …not andy lynch’s boay
Eternity will soon be over, Matt McGinn
saltires- The Hoops getting a namecheck on OGWT!!
Mrs GS gets sick of me- “he’s a tim, she’s a tim” etc- wait to she sees that one!
Anyone else think “Mad Vlad” might be doing us a favour he is openly setting up hearts in the same position we know that R$%ngers are (inalbeit more subtely in) and simultaneously putting pressure on the SFA re/ any ruling they make on the them, being equally applicable to ( admittedly the Edinburgh huns) Hearts!?
I think that could become one of the best levers against the SFA offering NURFC a new SPL spot!! which the new TV spot requires
MWD
I have seen the gist of your post before, around last Oct/nov, probably on here but possibly on RTC.
Perhaps when someone (you, Auldheid, BRT&H, whoever) establishes the hierarachy of decision-making – SPL committee of 12 (-1 defunct member); SPL board; SFA (for entry to domestic and European [cough] cup competitions); SFL (for League Cup) – this should be published in CQN mag or similar easily accessible point of reference. Time allowing it should be verified with those relevant authorities, before those authorities need to make any of those decisions.
Currently reading Under the Dome by Stephen King. Interesting exposition of how those in power make and remake laws when they need to stay in power. (Not reached the bit yet where the brave underdogs thwart their evil plan before some unearthly power wreaks a just and vicious retribution…)
That’s me aff tae ma scratcher, god love ye all! Hail hail!
macjay1 for Neil Lennon says:
7 January, 2012 at 00:40
I thought Beram was back to his superb form from last season and that thug done him. The fake arm up that real bad injuries come from said it all for me.
We will miss Beram because he is an outstanding player and during that 2nd half he was totally back to his very best (BIG game player). Now, because it is an ankle injury, he might never be the same player again.
Fifa is trying to protect flair players and quite rightly but there seems to be a lot of oversights when it comes to Scotland. I am sickened that Beram has been done because he is the main man in the centre of midfield for me.
pure majic -saw him play the tron a good few years ago –
goldstar
is david byrne at tim
son of the rock ?
if not – he should be
davythelotion,
Don’t rub it in…:O).
BRT&H
Right! I’ve read the rest of your post.
I can categorically state that ‘I am not the sharpest’ as its taken me reading the SPL handbook approx. 100 times and only in the last 10 readings I managed to come to a conclusion. :-)
MWD
Moonbeams
No, you have it correct. I don’t think it is a matter for the SPL board at all and I think admission of a new club other than by promotion or relegation etc has to be by resolution requiring 90% support.
However, what I am getting at is that the liquidator/receiver/ administrator etc does not seem to automatically surrender or forfeit the share that he holds in terms of that section. It appears he is only obliged to transfer the share to whomesoever the members nominate– and any nomination also requires the 90% vote.
So technically– according to that section at least– the receiver of Rangers PLC retains a share in the SPL even though he chooses not to trade or fulfil fixtures until such times as the remainder of the clubs agree on a new nominee.
Look at the new co application and the transfer of the shares as two separate things entirely and you will see what I mean.
As I said the rules did not envisage this and they are a mess in this situation.
Common sense suggests that the receiver should surrender the share to the league and that he and the club he took over should play no further part in league matters with this clause only serving as a legal method of ensuring that there is a lawful transfer of the share concerned.