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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Calton Tongues:
…they ran out of a future to sell…
Like that.
‘mon the big hoose, bide open; too much fun.
TET
Arsenal were evens on Bet365. Meant to back them Ht & Ft. Young fella asked me to bet them to win 5-0 for him. I was too late. A wee bit nervy at Half time!
Buenos noches amigos!
Anyone noticed that when Stewart Regan is asked a pointed Q on twitter he disappears for the night.
Maybe I need to stop asking pointed Q’s as I seem to ruin his fun on there.
MWD
Harry Smith tweet (@stvharry): Two legal firms to expose RFC’s financial dealings in London high court tomorrow
Barrach Obampot don’t need no stinkin’ Rangers on 7 March, 2012 at 23:21
Socialist Republic ?
Neil canamalar Lennon hunskelper extrordinaire on 7 March, 2012 at 23:16 said:
With Celtic being the model of the kind that UEFA want others to follow I cannot see Celtic being victims of sporting integrity.
lucky cody on 7 March, 2012 at 22:33 said:
” I was informed Alistair Johnston emailed Dermot to say Whyte was a shyster.”
More info please, sir……
pigalle
tomcourtney
of Barra
:-)
James Forrest is The Emperor of Ice Cream on 7 March, 2012 at 23:13 said:
James
It appears they did say that, I would bet you they are currently locked in talks with the SPL trying to secure the SPL place for NEWCO and that will be one of Paul Murray’s conditions for any purchase.
http://www.bbc.co.uk/sport/0/mobile/football/17287929
In further statements their intentions become clearer
http://www.bbc.co.uk/sport/0/football/17290640
From Whitehouse
…………However, he insisted that a liquidated Rangers could still continue to play on.
“We have to look at the time constraint and if it is possible to conclude a transaction within a very short timetable, simply because we can’t deliver the cost-cuts necessary to keep the fabric of the business in place, then we would also have to look at selling into a newco scenario,” added Whitehouse.
“That brings with it risks in terms of the level of European activity in the coming years and also sanctions from domestic football which would need to be subject to negotiation.
“If we were to look to a very early sale of the business, that is probably a more likely scenario.
“What we don’t want to do is mix the terminology here and start to portray liquidation as a process which creates the cessation of the business.
“The liquidation will wind up a business following the sale of the business activities into a newco.
“So in any scenario we would still envisage that Rangers Football Club could play football and operate as a football team.”
Enjoying a cool bottle of “liquidation”…its got a smooth sweet flavour…leaves you feeling nothing but a sense of serene liberated joy…distilled around the govan area…the best “drink” i’ve had in a llllooonnnggg time…wwweeehhheee!!!
Goodnight one and all
Árd Macha on 7 March, 2012 at 23:30 said:
macanbheatha on 7 March, 2012 at 22:54 said:,
Bhí sé ag imirt ceart go leor agus ta bród an domhain
orm
Oíche mhaith a chara
Alex Rae aka Nosferatu
Rangers due in the High Court (Companies Court tomorrow)
titter
http://www.justice.gov.uk/courts/court-lists/list-chancery-judges
scroll down tommorows listings
We are now in the dangerous time.
With the administrators talking about a pre-pack, which essentially is what they are doing tonight, we are now in the very dangerous situation where the whole thing may be over before we know what’s happened.
The administrators have taken a long time with the cuts. Why? Well, maybe because they want the appearance of hard choices being made, when all they are really doing is buying time. Time for what? Well, time to get the plans together for the brand new company. We know, for sure, that Rangers wanted ten extra days they didn’t get; well they’ve had double that, nearly, more than enough time.
The groundwork has been laid already. The new buyers are lining up. The administrators are getting ready to hand Whyte a multi-million pound pay off for the assets he owns, including the players. They will get them, right now, for a knock-down price, because of the Big Tax Case hovering over everything. The argument for the low sale price will be that the company is worthless with that, and other debts, hanging over it.
The playing squad is largely intact. The stadium and other assets are secure. Money has been piled up to fund new operations. If Rangers Group ends up owning the assets of the whole club, everything will run on as smoothly as before, and because the season has not been completed the pressure on the SPL to accept the deal will be horrendous.
This is the moment. Right here. This could all be heading for an ending we ain’t going to like one bit.
anything untoward
we can always start a
campaign
dont go to scotland v anyone
at hampden bring aberdonians
lothians,highlanders orkneynodians on board
hurt them where it hurts the pocket
No more rangers anymore.
http://www.youtube.com/watch?v=2B4bsqYxwo0
Fred C. Dobbs on 7 March, 2012 at 23:44 said:
Alex Rae aka Nosferatu
+++++
Without clicking it, I’m guessing Max Schreck (sp?), yes?
Árd Macha ,
Thank you for the diaries mo chara.Emotive and much apreciated.
James Forrest
I hear what you’re saying but should they lose the FTT the new owners get that debt, Craig Whyte has disappeared into the sunset and the whole thing starts over – where is the money to pay that and all the other debts?
Auldheid,
We’d be colateral damage, the seriousness if the scottish administrations offences brings shame on every other organisation its associated with.
dirtymac \o/,
Too easy :O).
Snake Plissken:
That debt will die with Rangers PLC. It won’t effect NewCo Rangers SPL 2012.
Only real way that Rangers could work an SPL ticket via liquidation would be to buy another SPL club, perhaps St Mirren, change the name and move the club to Ibrox. This is what Airdrie did. Other option will be to apply for the free space created in division 3.
One other option could be league reconstruction. SPL 1 and SPL2, Rangers relegated to SPL2, one season penalty from the top scene.
James Forrest is The Emperor of Ice Cream on 7 March, 2012 at 23:47 said:
I can see this happening, this is the only way they would secure Dunfermline’s vote, they agree to lose all points accumulated this season and face relegation and Division 1 next year.
This actually fits with what Doncaster said last night as they are not asking NEWCO to start in a lower division, they are starting in the SPL but will automatically be relegated.
Absolutely stinks!!
keep your spirits up lads
no matter the outcome
( for mr forest)
James F..,
I was thinking along those line last week when the gossip that he sold the crest surface, find the crest find the newco
Get your Congratulations on your liquidation card…….
http://i202.photobucket.com/albums/aa214/prefect20/public%20album/KGrHqZHJCYE8flqWNsBPPmv0Bmrw60_3.jpg
jmbhoy:
I just sent you an FB request fella.
Mate, they won’t even need Dunfermline’s vote. They will just rush this through.
The pressure is already on the SPL. They are being reminded that they provided the funds to let Gretna survive. That is being put on the table for one reason only; so the question can be asked why they did not help Rangers see the season out. It’s impossible for them to do that, we know that, but the question will be posed, and it will be alleged Rangers were treated differently, and if they go under the SPL will get the blame for not helping them survive.
Believe me, the dominos could all fall perfectly for them here.
James Forrest
I thought you meant they’d live with a buyer not liquidate. Now I see what you’re driving at.
Regardless, there’s the two contracts story.
James Forrest is The Emperor of Ice Cream on 7 March, 2012 at 23:47 said:
”We are now in the dangerous time…….
This is the moment. Right here. This could all be heading for an ending we ain’t going to like one bit.”
I said weeks, maybe months, ago that I feared such an outcome. While we are all busy celebrating the deal will be done.
If a newco goes straight into the SPL their sense of supremacist triumphalism will be off the Richter scale, and justifiably so.
we are always in dangerous times
James forrest, enjoy your posts normally but not your last couple,
my only question is why none of the many finincial experts wheeled
out today have not picked up on this
ernie:
100% right. This whole charade could end with them maintaining their league place, their history, their squad and their name, debt free.
It will be an unparalleled scandal. But I can see it out the window.
and uefa ?
James Forrest
If the scenario that you suggest pans out( and I think you have it spot on) the big question for us Tims is how will Celtic Plc react?
The thought of them, through the connivance of SFA, SPL and the Scottish establishment, squirm out of any form justice is sickening.
Hail Hail
finincial=financial