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Not the end of the world if Rangers don’t survive! Too true

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By on CQN BLOG & Comments

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.

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  4. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Tarrant 0100

     

     

    GSH….

     

     

    I got an e-mail from amazon yesterday about a new bio/autobiography on him,using his support of Stevie Wonder around MASTERBLASTER 1980,and their attempts to have a national Martin Luther King Day created.

     

     

    I’ve deleted the e-mail,but I’ll be buying the book.

     

     

    I first heard him about 82,with B-MOVIE,and then bought REFLECTIONS.

     

     

    My Dad saw the album,and told me about GSH,SNR.

     

     

    His music is usually superb,and very very bitter and to the point.

     

     

    Try Out of the Ghetto Blues,anyone who hasn’t been converted…..

  11. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Tom McLaughlin,

     

     

    GIL SCOTT-HERON.

     

     

    Sorry mate,just being lazy.

     

     

    Also in a rush since I’m supposed to be working!

     

     

    As the saying goes,ye kent his faither!

     

     

    Hope you and yours are enjoying that fine weather over there,laughing at us poor sods stuck here.

     

     

    Take care,bud-all the best!

  13. Tom McLaughlin on

    MWD –

     

     

    I know.

     

     

    I was just imagining a delightful scenario where they were made an offer they couldn’t accept, forcing them to bite the bullet and drop to the third division.

     

     

    A bit like saying to someone, “You have a choice. Put your head in that lion’s mouth or get out of town.”

  15. Tom McLaughlin on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS –

     

     

    Thanks mate.

     

     

    Yes it’s very hot but cloudy on the Gold Coast this afternoon. Big electric storms building up apparently.

     

     

    I hope your shift passes quickly.

  16. San Diego Bhoy on

    The other lot are way ahead of us in the voting for the Scottish Football Blog Awards. Paul, CQN and Phil are all taking a beating in their respective categories by Hun hacks and their sites. Are we going to stand for that???

  18. petec on

    I have been mightily impressed by Scottie Brown since he came back into our team.

     

     

    I SEE a genuine ROY KEANE streak in this guy.

     

     

    Roy had to work hard CONSTANTLY to get to where he got to.

     

     

    That is why I am Absolutely loving Scott BROOOONEEEEE.

     

     

    He is developing constantly and has the Drive of 2 men.

     

     

    That was an incredible call by Neil to make Scott HIS main man.

     

     

    Genius

     

     

    We are READY to Rock.

     

     

    SCOTT BROWN could go down in folklore like Big Billy and I will be over the moon if he does.

  19. DavieL on

    St Stivs,

     

     

    I have a heritage that is from both Donegal and Lewis. Conflicted in faith but common in music

     

     

     

    Mary Black

     

     

    Common in music is too mild, joined in music.

     

     

    I was cooking earlier and the telly in the kitchen was nackered so I listened to Clyde.

     

     

    Fool, … The hate on the panel, from the callers including some Celtic people was embarrassing. We are above that. Hate is an awful, awful thing. Being a Celtic Supporter is a special thing, it’s bestowed upon us and is not to be abused for anything apart from Supporting the Famous Glasgow Celtic!!

     

     

    I lost an ex team mate from the old Largs Thistle today, taken at 47, in tragic circumstances -Martin, I played junior in Ayrshire with him and if he had the right breaks he’d have been Gerry Crainey’s replacement.

     

     

    Hail! Hail! And God Rest His Soul.

     

     

    DavieL

  21. Saint Stivs on

    DavieL says:

     

    7 January, 2012 at 02:30

     

    St Stivs,

     

     

    I have a heritage that is from both Donegal and Lewis. Conflicted in faith but common in music

     

     

    I lost an ex team mate from the old Largs Thistle today, taken at 47, in tragic circumstances -Martin, I played junior in Ayrshire with him and if he had the right breaks he’d have been Gerry Crainey’s replacement.

     

     

    Hail! Hail! And God Rest His Soul.

     

     

    —————————————————————-

     

     

    I didnt know you played there bud.

     

    I know some of the players over the years from work and bounce games.

     

     

    Which Martin ?

     

     

    and god rest his soul.

  23. Kev-Jungle "Terracing's are the way ahead!" IMO! on

    petec says:

     

    7 January, 2012 at 02:27

     

     

    I have been mightily impressed by Scottie Brown since he came back into our team.

     

     

    I SEE a genuine ROY KEANE streak in this guy.

     

     

    SCOTT BROWN could go down in folklore like Big Billy and I will be over the moon if he does.

     

    ……………………………………………………………………………………………………………………….

     

    Totally agree M8!

     

     

    I think that, the Neil Lennon psyche has rubbed-off on SB. It seemed to me that, at last….SB has realised that being a Celtic captain means that, he will be representing the community(Celtic supporters) in a country where they are looked upon as, Interlopers! IMO!

     

    SB has the look of the, ‘Triumph of the underdog’ if you know what I mean, a sort of ‘eye of the tiger’ look about SB now!

     

    Hail! Hail!

  25. Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. on

    Kevin Jungle /Petec

     

     

    Geeks peace. Snoozy has always been a right sided midfield dude. Our problem is we tried to change him into summit else. Neil has learned that with Skoosh that is impossible. Right sided midfielder all the way as he was with Hibs and is with Scit-Hun-land.

     

     

    MWD never doubted him except once. Maybe nearly.

  26. Margaret McGill on

    Whats going on? …GPS? ….embdy?

     

     

    Resident Occupant

     

    Ibrox Stadium,

     

    150 Edmiston Drive,

     

    Glasgow, G51 2XD

  27. Margaret McGill on

    Elbows McCulloch….

     

    “I liked ‘Slaughterhouse 5’, but the first four were better.”

  29. petec on

    Kev-Jungle “Terracing’s are the way ahead!” IMO! says:

     

    7 January, 2012 at 02:41

     

     

    I think that losing someone so special would always make things difficult, when people then refuse to support you, it makes things incredibly difficult.

     

     

    NEIL is an INCREDIBLE person, it is obvious to any neutral observer.

     

     

    He supported Big Dan when he had a family bereavement, he could have done what the LL wanted but that would have killed his whole management.

     

     

    I loved reading that James Forrest now reads Right Wing media as well as Left Wing as it will make him an even better commentator for CQN magazine.

     

     

    Its the Middle that gets me going a bit loopy.

  30. Kev-Jungle "Terracing's are the way ahead!" IMO! on

    Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. says:

     

    7 January, 2012 at 02:45

     

    …………………………………………………………………………………………………………………………

     

    Don’t be surprised to see SB being moved into the centre of midfield to make way wide-right for, the superb Adam Matthews. I’m only guessing but, I think big Lustig will be at right-back and, AM(ala- Jackie Macnamara under, Wim the Tim) will move forward to right midfield.

     

    I have to say though, SB really looks as though NL has been playing the mind-games to its greatest effect and, re-constructed SB to a similar unbreakable mould as NL ? IMO!

     

    Hail! Hail!

  33. petec on

    Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. says:

     

    7 January, 2012 at 02:45

     

     

    Celtic have been developing Scott Brown for years.

     

     

    WGS is the biggest man for that.

     

     

    It just so happens Celtic scouts have brought in better players to HELP Scott lead us to a lot of success. I love Paul67 and his articles but our performances in Europe this season, given the circumstances were Quality.

     

     

    HH D

  34. DavieL on

    St Stivs,

     

     

    Brownlaw – I played off him and he was fearless, like Sammi without a brain.

     

     

    I also played with big John Hagen, Frank (denying he was a Tim) Mulloy, Freddie Elliot and big Cookie just great players. I was 18 and Cookie made me a player by just talking through the games. Miss it so much!

     

     

    Eternal rest grant to him Oh Lord and may the perpetual light shine upon him.

     

     

    DavieL

  35. Kev-Jungle "Terracing's are the way ahead!" IMO! on

    Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. says:

     

    7 January, 2012 at 02:58

     

    ………………………………………………………………………………………………………………………..

     

    Yea never know M8!

     

     

    We can only guess!

     

     

    Hail! Hail!

  37. Margaret McGill on

    I wouldn’t depend on the integrity of HMRC either dear Tims

     

     

    http://www.private-eye.co.uk/sections.php?section_link=hp_sauce

     

     

    A MONTH after insisting “I have work to do and I have no plans to resign”,

     

    the HM Revenue and Customs tax boss who shook hands on the dodgy Goldman

     

    Sachs and Vodafone tax deals has announced that he is getting his coat.

     

    Telling porkie-pies is so instinctive now at the top of HMRC that this

     

    was presented as Hartnett agreeing “to stay on… until the summer of 2012”.

     

    Conveniently, this should see him through a new inquiry by the National

     

    Audit Office (NAO) into the deals under which he personally let the companies

     

    off fortunes without asking lawyers or specialists.

     

     

    The emergence of a serious whistleblower in the shape of one of HMRC’s own solicitors,

     

    Osita Mba – making a powerful case that these agreements were unlawful – and the

     

    uncompromising mood of the Commons public accounts committee appear to have forced

     

    Hartnett’s hand.

     

     

    Mba had blown the whistle to the NAO on Goldman Sachs months ago, but the toothless

     

    watchdog failed abjectly to address the obvious scandal, merely referring in a report

     

    on HMRC procedures to an unspecified “financial error” as if somebody had pressed the

     

    wrong key on a calculator. Under sympathetic auditor-general Amyas Morse, it faithfully

     

    regurgitated the Revenue’s line on Vodafone that “legal expertise remained available”,

     

    dodging the central point that lawyers and appropriate tax specialists had not been

     

    asked about the settlement value, costing the taxpayer billions.

     

     

    All-seeing Eye

     

     

    It was only when the Eye obtained the details of Mba’s Goldman complaint in April

     

    and set the story out (in Eye 1287) – prompting interest first from the treasury

     

    select committee and then, even more searchingly, from Tory public accounts committee

     

    members Stephen Barclay and Richard Bacon – that the scandal was taken seriously.

     

    And it wasn’t until Eye 1299 published details of the meeting at which Hartnett

     

    “shook hands” with Goldman, casting doubt on his earlier evidence to parliament,

     

    that it was clear something had to be done.

     

     

    That something, not too reassuringly, is the return of the NAO bunglers to look

     

    at Vodafone and Goldman again. Small wonder Hartnett wants to stick around for a

     

    bit to have his say.

     

     

    The review is also likely to pose tough questions for HMRC’s top lawyer,

     

    Anthony Inglese, who repeatedly told MPs, under oath, that his lawyers were

     

    “involved throughout” the Vodafone case, when they were not involved at the

     

    most crucial point. He also approved the erroneous Goldman deal after the

     

    department’s “high-risk corporates” board had rejected it. Inglese still

     

    received the biggest bonus, between £15k and £20k, in HMRC that year.

  38. petec on

    Margaret McGill says:

     

    7 January, 2012 at 03:17

     

     

    There must be something going on in the background.

     

     

    Rangers hang their filthy asses with STV suggests they are desperate.

     

     

    Utterly Desperate. ;) :) ;)

     

     

    I hope every Lie they perpetuated comes back and teaches them a lesson, that is indeed a lot of lessons.

  40. DUSHANBE BHILLY BHOY on

    Kev-Jungle “Terracing’s are the way ahead!” IMO! says:

     

    7 January, 2012 at 02:57

     

    petec says:

     

    7 January, 2012 at 02:53

     

    …………………………………………………………………………………………………………………………

     

    Hear, Hear! M8!

     

     

    Hail! Hail!

     

     

    share

     

     

    ===================================================

     

     

    HEAR, HEAR “M74” ALSO. “M8″ IS ROAD TO HELL, ………”PAL”.

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