Scottish Premier League chief executive, Neil Doncaster, yesterday told the BBC that no provision existed for a liquidated SPL club to reconvene as a Newco FC at the bottom of the Scottish Football League (reported at 1821 on their crisis timeline).
This is being grossly misreported to suggest that the only opportunity for a Rangers Newco to phoenix is to slip straight back into the SPL – completely and utterly untrue.
There is also no provision for a Newco FC to slip into the SPL. Newco FC would be able to apply for membership to the Scottish Football League (where they would unquestionably be accepted) or the Scottish Premier League.
The default position when a club goes out of business in the Scottish Premier League is that the club that finishes bottom of the league at the end of the season escapes relegation. As things stand, Dunfermline would remain an SPL club and Ross County would be promoted.
No moral, legal or football administrative argument has been made to suggest that Dunfermline will be relegated to allow a new club entry into the league. None whatsoever. Dunfermline Athletic will remain a SPL club if Rangers are liquidated.
The various parties seeking to phoenix Rangers would get the lawyers onto securing a stadium, scouting some part-timers, buying a ticketing system, applying for entry into the Scottish Football League and finding cash to employ stadium stewarding. This could take weeks but is more likely to take months or even years.
Football needs to get used to this idea.
Neil Doncaster did not suggest a Newco FC applying for entry into the SPL had any primacy over an application to the SFL. In fact, an application to the SFL would not have to overcome the unfortunate objections of Dunfermline Athletic – who pay their BBC licence fee and are worthy of due respect.
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timbhoy2
They are Royally Fecked.
Is that plain enough for you :>)
Bhoys
I have a £1 spare.
I’m thinking £1 Ice Cream mixture or saverangers.com?
MWD
prestonpans bhoys
Naked I assume :>)
Lennybhoy
I’m sorry I doubted. I’ll say 4 Hail Marys and 4 Our Fathers :-))
If the huns were really about to get £3.8M one or more of their many creditors would have already been to court to freeze the money – as HMRC and Bain have both done previously.
MWD
Just to clarify,will there be any jelly with that ice-cream mixture?
HH
CRC
timbhoy2:
No-one is out there with a big chequebook mate. They were the luckiest club in the land that Murray came along at just the right time, when English clubs were out of Europe, when the Taylor Report had forced clubs into upgrading their stadiums when they had already done it. They got so lucky you can’t believe it.
People like him don’t exist everywhere. Even Dave King, who had more money than Murray dared to dream, and is a die-hard hun, put his own money in only as an investment. ENIC did the same, and lost a fortune.
What Rangers are asking for is not an investor mate. It’s a mug. It’s something with bottomless wealth, to fund ego and supremacy. They are looking for someone to bankroll the next era of moonbeams. And what then? I’ll tell you what. After debts touch £100 million next time, he will walk away and they will be right back where they are now.
This is a club which is going to have to adjust to tough decisions and hard times, and it will not matter who the owner is. The party is over.
This is the new reality. This is the world you live in now, mate.
Lap it up. Enjoy it.
hen1rik on 7 March, 2012 at 21:51:
And
Auld Neil Lennon heid on 7 March, 2012 at 21:54:
Forget the £3.6 million, it has absolutely no relevance to what is happening, no sale = liquidation.
Keep the Faith!
Hail Hail!
Word of r@*gers plight has reached Africa, they decided to show their unified support.
http://www.youtube.com/watch?v=nSdOVhPiqFE&feature=youtube_gdata_player
I can’t see anyone buying Rangers unless Craig Whyte relinquishes all title to Rangers i.e. he walks away with nothing and I cannot see that happening. Then there is still the matter of the wee Tax and big Tax case as well as other numerous other creditors such Heart of Midlothian FC. I am not a financial expert by any stretch of the imagination but I think that unless the interested buyers have a member of the Saudi royal household in their consortium where does the 80 -100 million pounds that may be required just to break even come from? A CVA is possible – not likely given HMRCs stance or perhaps the potential buyers are discussing purchase of the assets post liquidation with the administrators.
what company is ENRIC ?
Even if D+D were given the £3.8m tomorrow (which is extremely unlikely) they cannot use that money to keep the status quo
They HAVE to cut costs regardless
There are plenty of creditors mouths to feed with that cash
TBB – my predictions:
The last Derby has already been played
Liquidated before May
Bear carcass battles means at least 2 Newcos all vying for entry to Div 3
Whyte knight will be the Kingmaker
Apoel v Lyon
Penalty kicks to get into the quarter final!
SPF
TET
Naked, nope my harry handsome is too small for public viewing!!
Apol game going to penalties………
James ForrUEFA
I guess if there’s a billionaire out there with King Billy tattooed on his rear end we’re all going to look rather silly, aren’t we?
———–
That had me doubled over ….LoL
craigwhitesoptometrist says u have 21/20 vision, is that even possible? on 7 March, 2012 at 22:09 said:
Word of r@*gers plight has reached Africa, they decided to show their unified support.
http://www.youtube.com/watch?v=nSdOVhPiqFE&feature=youtube_gdata_player
bought one of their strips a couple of years ago in a stopover at johannesburg airport…………………….boy said when i bought it….good team…………………i said yes but not as good as the real celtic
RobertTressell on 7 March, 2012 at 21:02 said:
Yer bang on the money with The Blue Knights as a name.
What kinda fud exactly is gonna rally round that ?
Got to be the lamest ever name in Christendom, a tad camp, daft, dated, kitsch even,
not to mention the psychological angle(as you said) of “them, the damsels in distress” element needing to be rescued whatever etc etc……..
The huns are oot the cup
pigalle
If they are no more come the end of this week, could we be presented with the SPL trophy on the 1st April at Paradise?
Any one know the best way to Liverpool Airport from the M6 ,Junction 21 to M62 or The M58?
Hen 1 rik
The court case is still to commence
More chance of finding a billionaire in Motherwell,than ra gers getting the money Friday . Will take a long time if disputed by more than 1 owner
Havingapartywhenthehunsdiex csc
craigwhitesoptometrist says u have 21/20 vision, is that even possible? on 7 March, 2012 at 22:09 said:
Word of r@*gers plight has reached Africa, they decided to show their unified support.
————
Absolutely superb
Auld Neil Lennon heid on 7 March, 2012 at 21:57:
You are spot on, my learned friend pointed out…”just from I have read in the press, the figures just do not add up”
One thing I forgot to add and which I was only reminded off by a tweet from Rangerstaxcase, the HMRC will insist on any newco setting up a bond to cover PAYE and NIC due to their previous non-payment. They tweeted this is usually several millions.
I tweeted back I am reliably informed the amount is £5 million…just another few quid to add to the amount any newco will have to factor in.
Keep the Faith!
Hail Hail!
@tommyinglasgow: http://t.co/0YeuX4aN
ok heres the linky,going live in 2mins
1015pm
I reckon it’s all Big Jock’s fault.
If he hadn’t won the Big Cup.
If he hadn’t won 9iar.
The hun wouldn’t have had anything to dream about.
I bet he is having a sly grin up there, eh, big mhan.
RogueLeader, aye that’s a fair shout, we played our last game v them. We can always bring in a Euro team for a friendly game to replace the Orcs, maybe play for a cup, say the dignity cup, or fair play trophy.
V
The blue knights? …might be better with the barren knights !
Saveallurkissesfirmecsc
It just gets better and better.
Now they have another possible buyer “interested”.
It couldn’t get more complicated could it.
Murray sold to Whyte, but it wasn’t really Whyte, it was another company that he might own but nobody can find out anything about them. Meanwhile the money he used to buy off LTSB is owed to a venture capitalist company called Ticketus/Octopus for ticket sales for the next 3/4 seasons for games at Ibrokes, when they might not even be playing there, nor in the SPL..
The gorilla in the room is the HMRC and the various bills for outstanding taxes dating back at least a decade, which could conceivably total as much as 75 million according to the current owner. Selling off of whatever assets they possess including the stadium and Murray Park.
The Sword of Damocles hanging over them all is the probable findings of deliberately using unregistered players for perhaps as long as 15 years, with the punishments that may be meted out. The probability of no European football for a decade, lower league status, points deductions for 5 seasons, freeze on signing players, accounts scrutiny requirements, and that’s before UEFA get to work on them.
If this was the Dragons Den or (in the States) Shark Tank, none of the investors would be remotely interested, and the Administrators would be sent away to the sound of maniacal laughter.
HH or Ha Ha
RWE CSC
RogueLeader on 7 March, 2012 at 22:12 said:
Bear carcass battles means at least 2 Newcos all vying for entry to Div 3
Whyte knight will be the Kingmaker
—–
Interesting. sounds like a protracted affair. Not clear to me what’s left in the carcass to pick from. The succession of vultures have already picked it clean. What assets are left?
Ibrox, and potentially Murray Park have been ringfenced away from the carcass.
Player Registrations revert back to the SFA in the event of a liquidation, AFAIK. So they too lie outside the carcass (Although I don’t suppose there is anything stopping a purchaser buying them back off of the SFA)
They may or may not have access to future ticket sales income
The catering and merchandise businesses are not part of the carcass.
What’s left? The brand? The Crest?
remploy disabled workers on itv news
crying as they have been layed off
i dont see any mp worried about them
or save the remploy co
Huns Have Expired to the air of Mull of Kintyre
Oh the Huns have expired,
Please tell me where is, the party,
My desire, is always to be there,
when the Huns have expired.
Far have I travelled with our bhoys in Green,
Those Celts who can party with jelly and ice-cream,
The best times are coming when the huns are retired,
And we’ll party all day, when the huns they expire!
Oh the Huns have expired,
Please tell me where is, the party,
My desire, is always to be there,
when the Huns have expired.
Copyright V
It’s a beautiful day. The demise of your evil enemy is the essence of many dreams as a child.. Now we find this becoming a reality! A lifetime given to seeking the downfall of your rival is fast approaching.. Walfrid, Thomson , Stein, Doyle, Johnstone, Burns,… We salute you tonight and all the other Celtic legends who helped bring us to this moment.
YNWA..
http://radiofanjeeta.blogspot.com/2012/03/lord-of-manor-whyte.html
Get this on now, tommy from glasgow on LIVE!!
James Forrest is The Emperor of Ice Cream on 7 March, 2012 at 21:57
There was supposed to have been a meeting tonight in the Radisson,usual suspects,night club types,scaffolding magnate,others declaring “I’ll attend but dont want the hassle” types. As you said all a bit late, as the facts are,that any contribution, even if significant, would only achieve temporary respite.
An insight into the disturbing anti-Rangers Witch-hunt.
By Deedle
Updated Wednesday, 7th March 2012
Rangers RSS Feed
Directly or indirectly, Rangers’ use of Employee Benefit Trusts has forced the club into administration and to the verge of liquidation.
Nevertheless, the club’s enemies wish to inflict further damage by claiming Rangers gained an advantage from ‘financial doping’. Moreover, there are even demands that trophies won by the club over the past 12 or 13 years be stripped due to an alleged omission in the documentation pertaining to players’ registrations.
Let’s deal with the registration issue first. Rangers’ position was that the EBTs were non-contractual and therefore should not be included in documents submitted to the SFA and SPL. This view is supported by experts in the field (see yesterday’s Herald article). There was no attempt to mislead or to keep the EBTs hidden. Section 6 of the annual accounts (‘Staff Costs’) explains the purpose of the trusts and enumerates the sums involved.
Therefore, the logic being used by the club’s antagonists is fatally flawed – it demands that sanctions be imposed because of judgments made many years after the EBT scheme was introduced. This is completely unacceptable in my view and contrary to natural justice. Any objections about the registration issue should have been raised at the time. The fact that complaints are being made officially only after a decade has elapsed and, indeed, only after the club entered administration and is consequently unable to defend itself, speaks volumes for the motives behind recent moves.
The ‘financial doping’ argument also borders on the absurd. Most accounts of the money Rangers FC saved over the course of a decade put the figure at £24 million. This represents less than 5% of turnover and equates to the sums flowing from the club to the Murray group over the same period. Indeed, Rangers FC actually paid the Murray group at least £6 million for the ‘privilege’ of the trusts being administered on its behalf!
Figures provided by Martin Bain in his case against the club indicate that the combination of interest charges and the penalties being sought by HMRC mean that the club is required to pay back approximately twice the sum of £24 million. How on earth can this situation be referred to as ‘financial doping’? My interpretation of the phrase would be a permanent advantage gained by underhand means or assistance from outside bodies.
Of course, this definition would encompass the support Celtic FC has received from the taxpayer and ratepayer in relation to the purchase of significant tracts of land in the vicinity of Celtic Park for the sum of £1 and the huge financial benefits that will accrue from the Commonwealth Games and associated redevelopment of the Parkhead area. As opposed to the obstacles the local council put in Rangers’ way, everything possible has been done to assist Celtic, even down to the gift of London Road Primary School and retention of the Barrowfield training pitches.
Encouraged by a mass media which panders to their psychoses, the Celtic-minded hordes are whipping themselves into a frenzy of retribution and vindictiveness. Business professionals and lawyers spend hour after hour on websites and blogs scrutinising the minutiae of Rangers’ use of EBTs from every conceivable angle. The rank and file concoct evermore fanciful scenarios of punishments that should be meted out to Rangers FC. In stark contrast to the orgy of hatred accompanying Rangers’ current problems, it is worth noting that in 1952 the club defended Celtic when it was under threat of expulsion from the SFA due to its refusal to comply with an order from city magistrates to remove the Irish tricolour from the main stand.
From the Celtic boardroom to Baird’s Bar, all sense of perspective has been lost and the wider ramifications to Scottish football and, indeed, Scottish society, have been completely overlooked. This is not normal behaviour and these are not normal people.
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Chuckle chuckle we will chuckle on!
D&P ran up the white flag today. There is a greater chance of space unicorns landing in George Square then paying off their tax debt than there is of anybody buying that moribund money pit within a 2 day deadline.
Unknown tax debt? Forget it sign here.
A 3rd party having rights on all bar one income stream? Workable, sign here.
Retrospective action from previous regimes contract practices? Fantasy, just initial there.
They are all out of heroes. By hero I mean mentalists with unfettered access to other peoples money.
They are done and they know it
Hun on snyde tonight wants greigs statue melted and make one of C W. Keevins ripped into him!!
buenos noches
awww seems tommy in glasgows stream is down….it started so promisingly as well! :(