Parma liquidation precedent would work against Rangers

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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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1,018 Comments

  1. Ceaser67

     

     

    the guys on that show have been takin a pummelling from

     

    the likes of Terry, Frank, Sean and a good few others

     

     

    the salary must be decent to keep on doin it

  2. Summa of Sammi.

     

     

    Had a look on their site and spotted my favourite drink at the moment,Hendricks Gin.wouldn’t mind getting a price per bottle for a few of their bottles.

     

     

    Have to get to my kip.speak later.

  3. Hi Folks Just testing new Laptop, been lurking on and off all day, and Bhoy has been very entertaining to say the least.

     

    Awerabest PJ

  4. From BBC site Friday July 24th 2006 http://news.bbc.co.uk/sport2/hi/football/europe/5164194.stm

     

    If it could happen to Juve Fiorentina and Lazio, why not our poor Govan friends?

     

    Now what about a decision on July 12th. The irony meter would be off the scale.

     

     

    A sides Juventus, Lazio and Fiorentina have been demoted to the second division for their involvement in Italy’s match-fixing scandal.

     

    Juventus were also stripped of their last two Serie A titles and had 30 points deducted, meaning they are likely to stay down for two seasons.

     

     

    AC Milan will stay in Serie A but will start the season docked 15 points.

     

     

    All are barred from playing in Europe – Juventus, Milan and Fiorentina in the Champions League; Lazio the Uefa Cup.

     

    Interview: Paolo Pachetti

     

    Lazio were penalised seven league points while Fiorentina suffered a 12-point penalty.

     

     

    Inter, Roma, Chievo and Palermo, who finished third, fifth, seventh and eighth, are in line to take the places of the penalised clubs in next season’s Champions League.

     

     

    Lecce, Messina, and Treviso will avoid relegation to Serie B and keep their places in the top flight as a result of the verdict.

     

     

    But all four penalised clubs hit out at the verdict and it is expected they will appeal.

     

     

    They have three days to appeal to the Federal Court, but they may find they will run out of time to rescue their European places regardless of the outcome of any appeal because the deadline for entry is only 11 days away.

  5. Tom McLaughlin on

    Can any of the older CQNers help me out here?

     

     

    I was talking to my brother on the phone earlier. He was asking about my earlier days supporting Celtic after reading my article in CQN Magazine. He’s 8 years younger than me, so didn’t see the team in the 60s.

     

     

    I was telling him how in the 1960s, the Celtic support would loudly sing “Follow Follow” obviously with the words ” . . . we will follow Celtic”.

     

     

    He refuses to believe me. He says I must have imagined it.

     

     

    I explained that as a support, we didn’t stop singing that song until probably the late 60s.

     

     

    I know I didn’t imagine it.

     

     

    Can anyone back me up here?

  6. Morning Celts, looking forward to the semi final on Sunday, I’m hoping Commons gets a start, he shines in these cup games and I’d like to see more of a goal threat from midfield.

     

     

    Hoops weather shenanigans TAL…… It’s dry, calm and threatening rain on the NW coast of engerlund.

     

     

    Vinny

     

    HH

  7. Good morning friends from a very wet and pretty miserable looking East Kilbride.

     

     

    See that the Spammer is back? Don’t click on the links.

     

     

    Jobo

  8. Tom McLaughlin on

    Vmhan –

     

     

    Torrential rain and storms on the Gold Coast for last couple of days.

     

     

    Lots more to come apparently.

  9. Tom –

     

     

    no idea. Just passing on the same advice as I’ve seen others do. I was on the site around 8.00 – 8.30 last night and sa some refernces to Paul67 having sorted it. Alas this seems not to be the case.

     

     

    Alas? – what am I like! tal

     

     

    Jobo

  10. Barrach Obampot on

    Morning CQN.

     

     

    Just got this from Avaaz, thought it may interest some of you;

     

     

    In days incompetent Royal Bank of Scotland bosses want to pay themselves astronomical bonuses from our taxes! But we can stop these fat cats swallowing more cream.

     

     

    Despite losing the bank £750 million in the last six months, RBS executives are spending a fortune lobbying the government and now want to get another £500m in bonuses! It’s a scandal at a time when cuts are biting all of us. But George Osborne heads up the body that will negotiate the deal. If we raise a massive public stink, the Chancellor could be shamed into rejecting RBS’s outrageous claim.

     

     

    We don’t have long to stop this offensive corporate greed — RBS executives meet on Wednesday. Let’s deliver a deafening 100,000 strong petition to Osborne to force a drastic cap on RBS bonuses and ban the use of our money to lobby the government.Click here to stop the great fat-cat rip-off, and then share this with everyone:

     

     

    http://www.avaaz.org/en/stop_rbs_bonuses_a/?vl

     

     

     

    HH

  11. fergus slayed the blues on

    I see West Ham are being linked to jellylegs .

     

    On a different subject ,what’s CWs dugs name

     

    hail hail

     

    2+2=5CSC

  12. Tom McLaughlin on

    fergus slayed the blues –

     

     

    No idea what CW’s dug is called, but I know what Jack the Ripper’s dug was called . . .

     

     

    Jack the Russell

     

     

    Bark Bark

  13. Tom McLaughlin says:

     

     

    24 January, 2012 at 04:46

     

     

    Can any of the older CQNers help me out here?

     

     

    …… I was telling him how in the 1960s, the Celtic support would loudly sing “Follow Follow” obviously with the words ” . . . we will follow Celtic”.

     

     

    ……………

     

     

    I know I didn’t imagine it.

     

     

    Can anyone back me up here?

     

    ————————————————–

     

    You are correct, I can remember Celtic supporters singing it in the late fifties and into the early and possibly mid sixties. We probably ditched it when YNWA became the anthem that it is.

  14. I’d like to thank the Hun responsible for the recent spam attacks on CQN, the resulting improved security has been down to you and so thanks for the efforts to better the TIMternet experience.

     

     

    Bwaaaaaaa haaaaaaa haaaaaaaa!

     

     

    Love

     

    Vinny

     

    TAL

  15. Tom McLaughlin says:

     

    24 January, 2012 at 04:46

     

    Can any of the older CQNers help me out here?

     

     

     

    I was telling him how in the 1960s, the Celtic support would loudly sing “Follow Follow” obviously with the words ” . . . we will follow Celtic”.

     

     

    Tom –

     

     

    I seem to remember the ditty finishing along the lines of –

     

     

    “Will we hell

     

    Will we shite

     

    We support the Bhoys

     

    In green and white”

     

     

    Yurcl

  16. Tom McLaughlin says:

     

     

    24 January, 2012 at 07:16

     

     

    fergus slayed the blues –

     

     

    No idea what CW’s dug is called, but I know what Jack the Ripper’s dug was called . . .

     

     

    Jack the Russell

     

    —————————–

     

     

    or Jack the Zipper

  17. we also used to sing the sash, with words to the effect that ‘it was blue and white with a lump of shite and it hung on the bathroom door’, those were the days ;)

  18. Marrakesh Express on

    Tom mclaughlin

     

    04-46

     

     

    Correct about the follow follow. It was sung by us during mid 60’s. Strange I know, just as the Stretford end used to sing YNWA.

     

     

    HH

  19. Tom McLaughlin on

    Summa –

     

     

    Gold Coast Airport to Byron Bay is approx 2 hours by car.

     

     

    You can’t get a train as the line south from Brisbane stops at Varsity Lakes (Gold Coast).

     

     

    You can get a bus from Surfers Paradise, but it will take about 4 hours, possibly more.

  20. jimmybhoycampbell on

    Ron Bacardi says:

     

    24 January, 2012 at 07:25

     

     

    didnt we have a line that said ‘it was green white and gold with st.Patrick on the fold that’s the sash my father wore’

     

     

    i cant remember it being sung at any games, maybe it was just made up by someone i knew.

     

     

    fadingmemeory.csc

  21. bradley_whufc tweets Jelavic bid accepted – £4m (with Piquionne possibly going the other way as a loan).

  22. Good morning CQN from the the fast train to Glasgow.

     

     

    After yesterdays sectarian incident, I decided to still go to work. Unsure if I’ve made the correct decision – it is a miserable morning.

     

     

    Pretty soon I won’t need this job, I look forward to that day…

     

     

    hh

     

     

    bjmac