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.
Issue six of CQN Magazine, the Fit and Proper edition, is set to become a landmark collectors item. You can browse the magazine online here but you can buy your own hard copy by clicking on the link below. Read with 20-20 vision…..
You can support the online edition by making a discretionary donation here.
770 Comments- Pages:
- «
- 1
- ...
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- ...
- 21
- »
Art of War- I think Snyde is on a podcast, not sure about Shortbread mate HH.
CaltonTongues on 7 March, 2012 at 22:54 said:
The total work force at Ibrox is 177, ours is in the region of 500 (from memory) I was surprised at the low Rangers figure but outsourcing probably accounts for some of it. That also answers your question that what is left are Rangers employees.
The areas the guy referred to were the outsourcing of income streams lke the JD deal.
What Rangers have been doing is selling off future income streams to fund current debt. They have just ran out of a future to sell.
Auldheid
Sensible self-sustaining football clubs dont mortgage ten years of merchandise revenue, dont sell off catering and dont sell off every revenue generating part of their operation to a group company who is looking to make money out of the club where it can
That’s a not unsubstantial part of what sets us apart from them, Celtic are an entity in itself, unmolested by a parent company that picks off the profit-making parts of the business and leaves the rest to slowly whither and die
A membership scheme is laudable and I think it would be a good thing for Celtic, there’s definitely a need for the club to engage better with the stakeholders, but if the last twelve months have shown anything it’s that the corporate structure and the personnel at Celtic are working well enough. Now isn’t the time for the support to have a say in the running of the club.
Barrach Obampot don’t need no stinkin’ Rangers on 7 March, 2012 at 22:35
Got some Heidsieck Monopole Blue Top which will do the job nicely.
Coming back to Scotia for the St Johnstone party surely the deed will be done by then, this mibbe tomorrow, mibbe tomorrow’s killing me…..
!!Bada Bing!! Kano 1000 on 7 March, 2012 at 23:04 said:
Art of War- I think Snyde is on a podcast, not sure about Shortbread mate HH.
Cheers i’ll start HUNting! :-)
BABASONICOS71 and HT
I must admit I was not convinced with Bronnie, hands up, he has been doing the biz for a while now.
Maybes signing his new contract, maybes I don’t have a clue,but he his now the capitano I hoped he would be.
Never ever doubted Lenny BTW :>)
BABASONICS71
He’s certainly won me round with his performances since returning from injury.
2-0 Celtic
CT
You going on Sunday?
READ ALL ABOUT IT (telegraph)
Rangers have been warned they are sliding towards liquidation after the bleakest prognoses of their future arrived both from the club’s administrators and a current director on Wednesday. Having failed earlier in the day to agree a crucial and significant pay-cut deal for the squad, the administrators admitted the club may be unable to fulfil their remaining fixtures this season, triggering a desperate plea for new investment.
Duff & Phelps, the Rangers’ administrators, threatened that if that was not forthcoming then they would need a significant batch of redundancies just to allow the team to complete this Scottish Premier League campaign.
David Whitehouse, Rangers’ joint administrator, said: “We are announcing we are accelerating the sale of Rangers Football Club. The club is in a perilous financial situation and that should not be underestimated. Regrettably, we have been unable to agree cost-cutting measures with the playing staff on terms that will preserve value in the business. We understand the players’ position as the scale of wage cuts required to achieve these savings without job losses were very substantial indeed.
“In view of this, we are faced with a situation of making redundancies within the playing staff on such a scale that would materially erode the value of the playing squad. We are striving to strike a balance where cost-cutting measures can be implemented but do not destroy the fabric of the playing squad to the extent that it will inhibit the prospect of a sale.
“However, no one should be in any doubt that in the absence of sufficient cost-cutting measures or receipt of substantial unplanned income, the club will not be able to fulfil its fixtures throughout the remainder of the season.”
Paul Clark, Whitehouse’s fellow administrator, later confirmed Rangers have “no realistic hope” of being granted the licence which would allow them to compete in European football next season, in what represents a further financial blow. Clark added: “There has, perhaps inevitably, been speculation about Rangers Football Club facing liquidation. As we have stated previously, we remain very confident that Rangers will not cease to exist and the team will continue to play at Ibrox.
“If a company voluntary arrangement is not possible for any particular reason, any buyer of the club and its assets would complete that purchase through a sale by the administrators allowing the football club to continue to operate, with the old company then being placed into liquidation prior to dissolution.”
Such a chain of events would have serious football and financial implications for Rangers, nonetheless. The desperate situation was spelled out by the administrators a matter of hours after Dave King, a Rangers director, labelled liquidation as a foregone conclusion.
In a statement, King said: “I do not believe that there is a reasonable prospect that the company can come out of administration. I believe that liquidation is inevitable.”
Paul Murray, who is leading a consortium which hopes to take over Rangers, is understood to have met with Her Majesty’s Revenue and Customs on Tuesday to establish its position. The clear wish of that consortium is to pick up the club from administration rather than liquidation, but it is now involved in a battle against the clock.
Ally McCoist, the Rangers manager, has been asked to be involved in the sale of the club. He said: “There are may be one or two people out there who are underestimating the situation, but it should not be underestimated. We are in a very serious predicament but we are still fighting for our lives and we’ll continue to do that.
“I think the sale of the club has always been a measure that everybody knew would become inevitable, but what maybe wasn’t inevitable has been the speed of it.”
Auld Neil Lennon heid on 7 March, 2012 at 23:04 said:,
Agreed, but, they keep going on about the PEEPIL selling pies etc.
Absolute ,mince pies:-)
Evening Bhoys, the end game is becoming apparent. The statement from the administrators stinks………
“If a Company Voluntary Arrangement is not possible for any particular reason, any buyer of the Club and its assets would complete that purchase through a sale by the Administrators allowing the Football Club to continue to operate with the old company then being placed into liquidation prior to dissolution.”
Here is my take on proceedings …….A buyer will be found (Paul Murray or whoever else has been in cahoots with Whytey) and will buy NEWCO as OLDCO dies this week.
This will mean the SPL can not fulfill the fixtures this season unless they allow the NEWCO immediate entry to the SPL. This may be permitted under the proviso that all points gained under OLDCO are forfeited…..putting NEWCO at bottom of league and relegated.
Where this leaves NEWCO with TICKETUS and HMRC I have no idea.
Liquidation has always been the goal!
I hope I am wrong, this scenario is far too easy for them. Ideally they lose everything, die and really suffer for years or be left as a rotten stinking corpse!
Hail Hail!
jimtim on 7 March, 2012 at 23:04 said:
UEFA have set out their sporting integrity values and will not allow a parachute.
Platini said at Christmas. http://www.uefa.com/uefa/aboutuefa/organisation/president/news/newsid=1737706.html
UEFA Values http://www.uefa.com/uefa/elevenvalues/index.html
Having said that we have to stay vigilant.
Art of War, you’ll get Snyde’s show for this eve on
http://www.clyde1.com/on-air/ssb-listen-again/
HH
PV
hamiltontim,
Telly for me mo chara,away days outwith my budget these days.Miss them as well but hey ho.
Hope you have a gid yin,sure you will.
Clink\o/ is Neil Lennon on 7 March, 2012 at 22:33 said:
So when can we officially buy the tee shirt
You know the one
Joe Ledley
The Last Hunskelper
Neil McCallum and Joe Ledley. First and Last! :-)
This is getting spooky… immediately following the Rangers in Crisis bit on BBC2 Newsnight Scotland, they went straight to a guy talking with a huge banner headline GERS – Government Expenditure and Revenue Scotland.. talking about a £10.7 Billion Debt….. hmmmmm……
jmbhoy:
“If a Company Voluntary Arrangement is not possible for any particular reason, any buyer of the Club and its assets would complete that purchase through a sale by the Administrators allowing the Football Club to continue to operate with the old company then being placed into liquidation prior to dissolution.”
That is utter cobblers. That’s a pre-pack. Did the administrators really say that?
I frankly cannot believe they actually said that.
BABASONICS
A result (positive) is all that matters mate. Win on Sunday and we’ll win the 3 of them.
hamiltontim on 7 March, 2012 at 23:03:
As a liquidation present and as a consolation for missing the liquidation party, I’ll buy the materials if that’s what you want to do…:)
Until we meet again…
Keep the Faith!
Hail Hail!
Auldheid,
I fully expect they will take the whole of scottish footballl down if they cant get back in.
We know they pull enough strings at the top end, and I think the puppets would be compliant, for one simple reason, I think there will be no international or european football due to the administration irregularities being practiced in scotland.
emusanorphan
I have an e-mail from you saying that the game on the 28th would be the last ever derby against the hun.
I will save it, and send it to you so you can show your great grand weans how switched on you were :>)
LIQUIDATION a cert remember
you heard it from timabhouy
first
James Forrest is The Emperor of Ice Cream on 7 March, 2012 at 23:13:
Just caught that post, prepack, if that happens they are out on their ear.
Catch any response in the morning…got to go.
Keep the Faith!
Hail Hail!
Lennybhoy
Are you a carpenter? I always thought you had striking similarities to a man who walked this earth approximately 2000 years ago.
Oh…and you predicted liquidation ya big prophet :-)
Night Bhoys
Timabhouy on 7 March, 2012 at 23:16 said:
‘LIQUIDATION a cert remember
you heard it from timabhouy
first’
Some of us have been saying it for months.
Let The People Sing @LTPS1888 Reply Retweeted Favorite · Open
”I reckon Messi could keep a beach ball off Davy Weir for 10 minutes in a phone box, wouldnae get a touch!” – Haha
ernie
recieved a txt from the horses mouth
Listening to Tommy’s show. Is he the same guy that did the commentary on the Justin TV game where Cuellar got sent off for handball?
I love his (deliberate) mispronunciation of the word as Secretarianism. I think that means you hate a famous American Horse or discriminate against Miss Moneypenny.
tomcourtney @23:05
Same same, heading out from the Socialist Republic for the St Johnstone game and can’t wait. The huns demise is a dish best served slow.
HH
Matchday income is rangers only income source!
To the Administrators and the rest of the peepel.
You will know that 7000 Celtic fans have already pledged support to the SAVE THE ‘GERS campaign with many more looking to join them.
There is a novel way for rangers make a cool £2m by the end of March.
Ask their season ticket holders to give up the Celtic game – i.e. give up one match to save their ‘gers.
Then give the entire 50,000 seats to Celtic fans for League clincher on the 25th.
Think about it why put themselves through the misery of watching their under 15s getting thumped follow followed by the celebrations of Neil and his champions dance on the graveyard of one of Scotland’s largest football clubs.
£42 x 50,000
SAVE THE ‘GERS
Mind you I had three tickets from the ballot for Ibrox but I won’t be taking them I’ll probably put the money to a more worthwhile cause.
sftb
I don’t think he is, but not not coming from your part of the world, regional acents are not my glass of milk.
Is he the mhan who keeps getting cut off on snyde, he sounds like it is.
jmbhoy67 on 7 March, 2012 at 23:07 said:
Not sure what players would be left to play for Newco in that scenario but it would reduce time out of the SPL by a year if it were possible.
Arguments over who owns what might be a problem on timescale.
TET
Yes. The Hun Farewell Tour on 28th. It was a great gig!
I’m stopping betting again. Got humped tonight. Lyon, West Ham & Brighton. Several bets. Everyone a loser……just like the Huns.
THE EXILED TIM on 7 March, 2012 at 23:23 said:
sftb
‘I don’t think he is, but not not coming from your part of the world, regional acents are not my glass of milk.
Is he the mhan who keeps getting cut off on snyde, he sounds like it is.’
Yeah it’s the same guy.
kevtec
dont give them ideas
emu
Only one bet tonight, took Spurs @ 8/15 when a goal down, free money, just like Arsenal last night @ 10/11, paid for a new setee that she wants :<(
ernie
Is he the guy who did the videos ? pure magic so they are
macanbheatha on 7 March, 2012 at 22:54 said:,
Go raibh maith agat as sin. Chuala mise iomra ar twitter, ach ni raibh fhios agam cad e tharla mar is ceart.
An raibh do mhac ag imirt.
Tá me ag dul a luí agus, mura bhfaighainn tú freagrair uaim anocht .
Árd Macha
Jimtim
Cheers. My opinion. If there is a way they will negotiate it.
MWD