We have spoken before that preliminary positions are being established ahead of the much-anticipated outcome of HM Revenue and Customs tribunal against Rangers with the possibility that, in the event the decision goes in favour of HMRC, the company could go into liquidation. This weekend brought a fresh attempt to pitch a positive scenario in favour of Rangers.
One newspaper sought solace in the case Parma, stating that the Italian club was allowed to re-emerge in Serie A after going out of business in 2004.
Unfortunately this is a complete misrepresentation of the facts, as far as Parma is concerned, precedent points to an entirely different outcome. Parma went into administration on 28 April 2004 after Parmalat, the dairy company which owned a majority of their shares, also went into administration. Parma remained in administration for three years before emerging after a successful restructuring of their debts. The club was then bought by a new company – but crucially – continuity of football operations was possible because there was no liquidation and debts were restructured in a way consistent with prevailing administration laws, that allowed a company to continue trading.
This, however, is not the end of the precedent Parma can offer Neil Doncaster and his SPL board. In 1968 AC Parma went into liquidation and disappeared from existence. They are an ex-football club, to use a phrase I can see creeping into the local lexicon soon.
Shortly after the failure and permanent disappearance of AC Parma, another club, AC Parmense, who were newly promoted into Sere D, changed their livery to match their better known former-neighbours and changed name to AC Parma. It was this club, AC Parma-formerly-known-as-AC Parmenese, who were promoted through the divisions and went on to win three European trophies.
Precedent from Italy is clear: if a large SPL club is liquidated an opportunity exists for Clyde FC to change their name, ditch the white shirts, rent a large, vacant, stadium and try to work their way through the leagues. Just as Airdrie United-formerly-known-as-Clydebank, are attempting to do.
There are no free tickets to the elite level of Scottish football.
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I watched the Inter Lazio game last night and Cisse came on as a sub with about 20 mins or so to go, he did ok against quality defenders, put himself about and set up a couple of decent chances for others who made a bollix of the chances, for that I was gratefull.
But as ever it is probably just desperate hack talk.
Hearing on the news, 4 to appear in court following bust up at Tube station down ipox way.
3 from Aberdeen and 1 from Edinburgh.
These travelling Bhuns need a watchin
HH
MM
Bhoy67,
I know, but 2.3m – we paid more than that for bang-bang; who may still come good before anybody starts. And I agree with TETs point about the state of Betis and the influence that has.
who got slagged for saying rankers were “fragile last year?
he must be laughing now-HH
Mark \o/ McGhee’s \o/ Eyeliner \o/
felt for you when i found out it was mark McGee but with no Eyeliner on :O)
tictalker talking tic
Oldtim
no that mail came through safe.
Great foto
JimmyQuinnBits
I took it badly, as we were very close…bought a property together when she moved back from a
long period in London.
In 2003 a year of rollercoasting emotions saw Celtic in Seville, her cousin married in Hungary, her brother (me) marrie in Australia and her husband dead in Glasgow.
My younger brother Mark uniquely managed to attend all four events with the breathless ease only an impoverished but charming and talented glaswegian is able to sustain.
The Croziers are Legend.
HH
Blantyretim.
Big compliment that,too look like two Celts makes my night,just opened a bottle of wine to drink his health for the compliment.
Do you fancy a drink & meal next week if possible,let me know.Keep it a secret from you know who.
From the BBC
Swansea City FC say winning promotion to the Premier League has contributed to a loss of £8.2m for the financial year ending 30 May, 2011.
The Swans reached the top flight after beating Reading 4-2 in the Championship play-off final at Wembley last May.
Bonuses and transfer fees were among the reasons cited for the losses.
But the club’s board says that income from the first season in the Premier League should cancel out the losses next year.
In a statement, the board said Swansea’s operating budgets for 2011/12 are structured this way to maintain the philosophy of running a financially stable football club.
“While the accounts reveal an overall loss after tax of £8.2m, which was consequently unavoidable after our Wembley win, the large amount of income generated in the Premier League has subsequently enabled these liabilities to be adequately met in the current financial year,” a board statement said.
“The accounts for the current financial year ending May 31, 2012, will be adversely affected by an increase in operating costs, particularly payroll, but our resolve is to realise sufficient profit to counter the 2010/11 loss, and our operating budgets are structured to make this happen.
“With regard to the future, our immediate goal is to consolidate our position in the Premier League and ensure we survive this season.
“Our long-term goal will cater for Swansea City remaining as a top flight club and to continue to contribute in part to the feel good factor and prosperity in the local community.
Promoted clubs
“We will not, however, do this in any way that puts the club’s financial stability at risk. This remains paramount in our management philosophy.”
Other contributors to the losses includes a rule that promoted clubs from the Championship pay money to clubs relegated from that division.
As play-off final winners, the Swans also forfeited their share of the Wembley gate receipts because of another rule.
In the previous financial year, Swansea City made a profit of nearly £600,000.
WDH.
I’ll try and send it to BT,but not very good at the workings of sending pics by E-mail.
Wouldn’t be surprised if fat Sally walked. Wiggy operating behind his back, with no communication between them. Sally unaware he was being appointed in first place. From a reliable source at bigot dome who stands beside him and doesn’t look like elmar fudd.
TET,
Not sure why, and it’ll probably never happen anyway, but the thought of Molina excites me far more than Cisse. M strikes me as someone who should have played at a higher level given his strike rate, and who’ll still have a bit of hunger even at 30.
JQB
Betis are in admin, just getting a player off the wage bill and a small contribution would be looked at I understand, again it could just be hacks looking for a story.
tictalker
I’d like to think if anyone read back any of my posts they
would come to the conclusion that I’m far too intelligent to be a Scottish sports hack :-D
well I’d hope that would be the case lol!
Hail hail
MME
JimmyQuinnsBits says:
23 January, 2012 at 22:56
Bhoy67,
I know, but 2.3m –
Your not wrong in the betis situation, still I suspect we will deal for cash to offset any spend, sammi and paddy seem the likely candidates.
HH
MM
emusanorphan
That was suggested on the Bosnian website after interview with Jelavic.
If Jelavic was sold and no new players in.
Looks like Jelavic is telling them more than to the Scottish press.
!!Bada Bing!! Kano 1000 says:
23 January, 2012 at 22:20
Interesting……@GrahamSpiersGraham Spiers
Let’s see what January 31 brings for Rangers. But I now think Ally McCoist could prove a rarity – a manager who is willing to walk away.
1 minute ago via webFavoriteRetweetReply
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—————————————–
I’ve always thought that the GEF wanted Fatty Arbuckle to piss off without compensation. No money, no say over signings, no public support, no meaningful communication between the board and Billy Bunter, touting players to other clubs without asking the weightwatcher first. Does he have a shred of dignity left?
Ally’s mates in the meeja think he’s the best man for the job, ironically they’re right, only a real supporter would tolerate the GEF’s crap. His misplaced loyalty is being exploited. Any other manager would have told the MBB to shove it up his Red Cross parcel.
emu
They all look like fud’s ffs :>)
The young fella starts a good job tomorrow.
You ok ?
Not been able to get on as much due to a new job but I have a startling piece of news about our impoverished neighbours.
After being “asked” to leave their usual pre-match bolt hole due to, ahem, accounting issues!!! They have relocated to a 3* establishment a little closer.
Wonder how their team of superstars will handle the step down in surroundings???
Forgot to add… look out for headlines such as “5* Celebrity hotel tajes old firm to court” or maybe not!
TET
True :-)
I’m good. Heard the young fella has a 6.30 start. In Sheepville I take it?
QPR have failed in their bid to sign Brazilian striker Henrique after a work permit application was turned down.
Henrique had spoken to new QPR manager Mark Hughes about joining from Sao Paulo on a reported 18-month loan deal, with a permanent transfer option.
The 20-year-old, the player of the tournament at the Under-20 World Cup last summer, claimed the move was “a fantastic opportunity”.
However, the BBC understands that the club will not appeal at the decision.
A QPR spokesman said: “He didn’t get a work permit for various reasons.”
It was determined at a hearing on Thursday that Henrique did not satisfy the required criteria for a permit.
oldtim
Ill be in touch later on this week..
blantyretim.
I sent you mail maybe?.
A few more bad results and I can see that happening too. They are only 4 points behind at the moment though. Hardly a crisis yet. If he can’t cope with the pressure now he’d be as well walking.
His pals in the press will ensure he gets an easy ride. “No money to spend…impossible task to fill Walter’s brogues…club in transition”. There is some truth in this and there is no doubt these circumstances have made his job tougher.
Still, that’s nothing compared the pressure of say (and I know this will sound absolutely ridiculous) having bombs and bullets send to you during a league run in.
He’d be as well walking before he taints his reputation as a fans favourite.
In all seriousness though, his football management career would be over. No other club would entertain him and I think he knows it. He’s been out of the media game for years now. He’ll have a lot of back pedalling to do if he is to curry favour with BBC Scotland in search of employment on some down market chat show.
JQB
I must admit I know little of Molina, I will ask my neighbour tomorrow about him.
Going to have to watch the El Clasico re run in Dublin this week, not quite the same :<(
One Fine Day..Whyteybreeks , went Flying,with
his Old College Chum..
Suddenly,his Chum told Him..
“You and I are Bound Fur ..Kingdom Come,
Is there wan last request ye wanna make,Before
Ye wear a Crown?”
Whyteybreeks, began tae shake.. wailed,
“Please write this confession Down….”
Oh..
Ah Hate the Glesca Celtic, Ah hate Tully Tae,
and Jimmy McGrory him an Awe..
and Bertie Auld..
Sticks in Ma Craw!
Oh Ah canny Stand thon Big Jock Stein.
Neil Lennon, or Mowbray Tae,
But David Murray,goat me in this mess,
So he’s the wan Ah Maist Detes’!
Kojo
Laughin’
Good Night Scotland
Good Night Ireland
Good Night Wales
Good Night England
Good Night Canada
Good Night New Zealand
Good Night Australia
and
Good Night.. Patrick Gilmartin ,Wherever ye are.
Kojo
Fat sally
What are the chances that TFPLG will go down in history as the last and final manager of RFC.
I Know I know
ever hopeful
HH
MM
Emu
Unbelievable, the wonders of the interweb, it was a 6 start but has now been put back to 8, as he has an induction to go through first, shifts are 6-2.30 for two weeks, then 2.30 – 10 for two weeks, in Sheepville for a tool company supplying offshore, delighted for him, and told him he needs to keep his gob shut for a while, and deffo not to take his top off :>)
I would love it, really love it…..If Whigfield took over.
Think of the press conferences, the elaborate, dead-end ‘explanations’………the bitter spats with former colleagues.
He’s daft enough, arrogant enough and suitably vain enough for one last hurrah (Hello Hello?) in the frontline.
Step forward Whigfield, please. Your peepil need you.
As part of the Finale, we need you.
whitedoghunch.
Can you send that pic to bt.
Bhoy67
You could well be right with that surmation :>)
The Honest Cover-up says:
23 January, 2012 at 23:14
A few more bad results and I can see that happening too. They are only 4 points behind at the moment though. Hardly a crisis yet. If he can’t cope with the pressure now he’d be as well walking.
His pals in the press will ensure he gets an easy ride. “No money to spend…impossible task to fill Walter’s brogues…club in transition”. There is some truth in this and there is no doubt these circumstances have made his job tougher.
Still, that’s nothing compared the pressure of say (and I know this will sound absolutely ridiculous) having bombs and bullets send to you during a league run in.
He’d be as well walking before he taints his reputation as a fans favourite.
In all seriousness though, his football management career would be over. No other club would entertain him and I think he knows it. He’s been out of the media game for years now. He’ll have a lot of back pedalling to do if he is to curry favour with BBC Scotland in search of employment on some down market chat show.
share
The BBC is a refuge for out of work Huns. They even gave that AH Sandie Clark a job ( again)! Fat Sal is guaranteed Burger King vouchers from these Huns.
Oldtim sent it to BT
No judiciary bented so far for so many in bear years of huntalked masonic whispers
shall return a begin the beguin for so profiled online only decades long cheats Las ranglers
Multi c@nt feckers
akin ..Ferris Bueller’s decade off.
HH
and our esteemed host
TTTT.
TBB.
I am fairly pickled,on my second bottle of wine.But I won’t finish it.
The Honest Cover-up says:
‘He’ll have a lot of back pedalling to do if he is to curry favour with BBC Scotland in search of employment on some down market chat show.”
If he wants a gig with BBC Scotland Sport, the only delay will be in choosing which of the other talking heads will have to be removed from the roster.
If it has to be anyone, I would bump Craig Paterson or Steven Craigen or Sandy Clark or Derek Ferguson or ……