I’ve spoken to a few Rangers fans over recent months, the base line of acceptability has been redrawn many times. If you read back on what was presented as reality on 13 February, when Craig Whyte announced that while it was “business as usual” he applied to the court for a 10 day period to appoint an administrator.
Back then, administration was abhorrent, but suggestions of liquidation were regarded as outrageous. On 22 February Celtic Quick News asked questions about Improper Registration of Football players, was it possible that Rangers results would have to be re-written as 3-0 defeats for a decade or more?
In March Rangers director (still, I believe) Dave King sent out a new baseline, liquidation was inevitable but there was no question that titles would be taken off Rangers. Even this concession to liquidation was disputed by the Blue Knight and Duff and Phelps. Publicly, both still hold to this line, although Duff and Phelps use some creative ideas to get there.
Most now know that liquidation is inevitable. A few understand that the SPL inquiry into player registration is likely to result in five or more league titles being reallocated to Celtic, but I don’t hear anyone accepting the reality of the situation.
Rangers don’t have a buyer, primarily as the administrators don’t have a stadium they can sell. Even if they try to remain in administration for next season, Ticketus own the majority of their income. It will cost countless millions to pull a deal together, much more than the £11.2m Bill Miller considered putting on the table, and no one is coming up with that kind of money.
In the unlikely event these problems are resolved, whatever club emerged would have to deal with the fallout from players refusing to join a Newco and becoming free agents, football fines debts from Oldco, SFA penalties, Newco penalties if preferential treatment is provided in order to get them into a higher league, and SPL penalties for Improper Registration of Players.
There are two simple solutions. Form a new club, ask to share Firhill or Love St – or better still, rent Cathkin Park (reset ambition for Rangers as the new Third Lanark), and apply for entry to the Scottish Football League. Alternatively, co-opt a lower league club, maybe Airdrie United could help, rename it and spend however many years as it takes trying to acquire whatever parts of Ibrox survives liquidation.
This is a controlled and predictable way forward, a concept not delivered by Duff and Phelps, totally in the control of whoever wants to harvest fallout from the demise of the Rangers brand.
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Let Souness and whichever pals he now has come in for them. They all still seem to be ignoring that big gorilla in the corner. His name is Hector.
weeminger on 9 May, 2012 at 12:41 said:
the SFA can only do that at their discretion …. why ?
Hail Hail
Unless there is gold or oil buried deep under the “Hate factory”
It must be liquidation loss of tainted history & with strings pulled div3.
even an orc I know is pleading for that now.
Brogan, Rogan, Trevino and Hogan at 10:19
I’ve never been a board bashed, never malcontent.
But the thought of a Newco cheating it’s way back into the SPL had me considering if I would want any part in Scottish football.
Having read what you have written this morning I am no longer of that opinion. I’m a Celtic supporter way before I’m a supporter of the SPL.
I am also one of “These people”
Thanks for giving clarity to the situation for me.
Soorness is in it for the £££££,would sh*t a brick if someone explained rankers
accounts to him.
Go to The Green Brigade’s site to get a flavour of the majority of Celtic supporters feelings.
Enough is enough with this malign orange influence dictating so much in nasty wee Scotia.
Maybe a Rangers Newco could get into the IFA Premiership? (thumbsup)
RogueLeader @ 12:50,
Does this then confirm that the players didn’t take pay cuts, but simply deferred large chunks of wages that they will later be due?
So much for the great sacrifice they have been playing in the MSM.
I think Whyte will be trying to “dupe” the English folks into buying before they see the books and then doing another runner catch me if you can style.
RogueLeader on 9 May, 2012 at 12:45
I have stated often that the board are playing a blinder. I have always and still think this
The Celtic Board should imho be highlighting when the SFA goes the extra mile for Rangers. EVERYTIME
Until someone explains to me why the SFA choose to recoil from applying the full sanctions it still stands.
I think the occasional heads up. The nod and a wink approach can easily be adopted and it would help give the support an inkling an idea that we are onto this especially when we are up against the MSM.
AND ESPECIALLY AGAINST THE BACKDROP OF CELTIC ATTENDING A VOTE WHEN ST RENEWAL DEADLINE IS NOT FAR AWAY AND WE ARE DEPENDING ON MOTHERWELL DOING THE DECENT THING
Nothing I have read has made me change my opinion on this.
Hail Hail
I have been trying to figure out who the new bidders are.
I reckon Santa Claus, The Tooth Fairy and A.N. Other mythical individual.
ggh
Awe Naw
So why are the SPL & SFA bending over backwards …
I would love it if Alex Thomson turned his sights on this question.
For Neil Doncaster, he just wants his supermarket to be as big as he can make it. He thinks if he keeps telling us a CVA and a Newco are the same thing and that what worked for Luton Town can work for Rangers we’ll get it through our thick heads in the end.
For Stewart Regan, it’s not that simple. The SPL is a business. The SFA is the moral guardian of football in Scotland. More than that, it’s a member of the IFAB and, as such, is one of only a handful of organisations that present themselves and believe themselves to be the guardians of the laws of the global game. This is a huge point. The SFA wants to tell the rest of the world how the game should run, what changes should be allowed and what proposals it feels need to be blocked. Goal-line technology, body-covering kit for women players from Muslim countries … the lot. The SFA wants the global game to take its opinion and its voice seriously on these matters. It really, really does.
Meanwhile, the SFA is ignoring a giant jobby on its own living-room carpet.
So why would a group of English football millionaires want to buy Rangers?
They obviously know the company is fecked and saddled with huge debts. They know there’s no money in Scottish football and requests to join the English leagues have been refused.
Why not just buy Portsmouth or similar?
Maybe the idea is to transfer some of English football’s debts to RFC and have them all written off. They now know it can be done and no-one will blink an eyelid.
Very cunning.
Gordon_J
I reckon the agreements were made that any deferred wages will be paid by the buyer of any player instead of a signing on fee. Hence the reason why all of the top players will leave por cierto
Celtic_First
Why is it ignoring the jobby
i think it wants to flush it.
I would not be surprised if there was no SPL next season
HAil HAil
Guy at the door there wae a big bag of money wanting to pay off all ma debts buy me this and that and set me up for a great future. I just told him to truck off back to where he came from. And gave him the broonie!! \o/ \o/ \o/
above shoudl read
CELTIC ATTENDING A CORRUPT VOTE
Awe Naw
It’s surely far too late for large-scale restructuring of domestic competitions for 2012-2013.
Celtic_First on 9 May, 2012 at 13:07
What if Hearts, Kilmarnock, Motherwell, Dundee Utd, et al take the same newco route that is being devised and presented to Rangers ?
And why shouldn´t they ?
Hail Hail
And if D&P did agree to defer players wages rather than actually cut them, or get rid of some of them, they have actually saved no money from the wages budget – apart from the wages of Wylde and Cellick!
Another D&P failure?
You can have a mob of arrogant,smug,self-preening bigoted violent racist thugs parading through Glasgow threatening to kill anyone who ‘crosses’ them.
And yet a group of little kids from Thailand,on a goodwill visit,can be stopped by the above,then that should be a very big warning sign.
Awe Naw
Duff and Phelps will be rubbing their hands at the prospect.
But in that event, clearly, the baw would be totally burst and emergency restructuring would be necessary. Most clubs are about to shut down for the close season. It will be hard to get anything sorted out in the coming two months.
What would Scottish football be left with?
Just read about the day we stopped rankers doing 10 in a row on the club website. It brought the nerves right back to me. What a day that was. Would maybe go down as one of the greatest moments of supporting celtic!
The attempt by the Borg to assimilate the Hillbillies into the Hive has run into choppy waters when Mark , the Ding of Wall, discovered that 6 of 2 was leading the Borg negociators, ably assisted by 7 of 1.
Wilkins played for Chelsea, Manchester United and QPR and made 84 appearances for England, including 10 as captain.
According to the Daily Mail, their history has already been wiped.
philvisreturns, a rangers newco wouldn’t be allowed anywhere near the IFA premiership. The rules around licensing are applied very tightly over here.
If Rangers were a current IFAP club this season they would not only have been unable to get a UEFA licence to play in Europe next season, but they would also have been refused a domestic licence for the IFAP for next season; in both cases for the same reason: inability to produce audited accounts. Even small IFAP teams with a wage budget of £150k and entirely amatuer administrators have to meet this criteria. In short they’d have been booted out of the league. And any newco would have to start at the bottom (Championship 2, in our case).
I’m so incensed that I can barely(?) think straight.
Hearing that Thai Tims school visits have been cancelled as a result of a complaint to director of education, only in Glasgow!!
An Fear Dearg – I’m not surprised to learn that football in Northern Ireland appears to be run more stringently and more competently than in Scotland. (thumbsup)
Alex Thomson
Being in Brussels doing something completely different and thus probing Rangers part-time is less than ideal but I can now reveal something of what’s been going on and where we are now headed.
Broadly, the Scottish Sun story is correct this morning so cap duly doffed etc – but there’s a lot more to it of course. I can reveal that the group of England-based businessmen with UK big-football club experience has, in fact, been in talks with Rangers Administrators Duff and Phelps for around a week.
That is, all the time that D&P were staging “bogus” press statements at Ibrox and giving pitch-side interviews, they were also talking to this group at least, and possibly at least one more outside-bidder from beyond the UK.
As Channel 4 News indicated last week, much of the whole Miller-meltdown appears now to have been little more than a very public “smoking-out” exercise to see if the Tennessee Trucker really was serious or liked what he saw at Ibrox when he looked at the books or heard the Bears growl “Yanks Out” and other welcoming noises.
Craig Whyte is certainly serious about the Sassenach Saviours and is talking with them today and tomorrow. My information is that, unlike the Miller’s Tale (with apologies to Geoffrey Chaucer), we are now talking something more real with individuals whom it would not be helpful to name at this point.
As one at the heart of it all said:
“Alex – you can certainly say the next 24 to 48 hours are vital for Rangers Football Club.”
And this time around I’d be strongly inclined to say this is more credible stuff after last weeks Caledonian-American ceilidh-of-the-absurd.
So where’s Craigy? The majority shareholder of Rangers, Craig Whyte is talking, talking seriously I believe. And he is shifting. Not long ago he was asking whistfully for £30 million from a club you’d do well to extract 30p from, just now.
I’d say that position’s changed or changing as we speak. He will, I know, be extremely angry at all the time this has taken and the turbulent courtship of Mr Miller will have improved nobody’s mood around these talks.
In sum: expect an English-led deal from people with genuine football experience, minded to avoid liquidation via a CVA (which will be treated like a Newco, UEFA tell me with a 3 year ban), and expect Craig Whyte to agree a final exit strategy.
I’m saying expect something like this to be put on the table, that is not the same as expect this to happen.
But…but…this is Rangers Football Club. I’ve done what I can to map it til, say, Friday but…check against delivery.
Dontbrattbakkinanger – Green-skinned alien babes have been banned from Ibrox. (thumbsup)
Celtic_First
What it deserves ?
Hail Hail
Ok so the old co are going to do a CVA, turn into a new co, buy Pompey and Darlington, write off all their debts and start off in the english fourth division, thank the lord it is finally over.
Awe Naw
Some clubs deserve better.
Waken up folks
There will be a Newco, the thing is to make sure that if the SPL grant membership and SFA a license that the conditions of entry reflect the crime, not what will induce a buyer.
Start thinking what is appropriate and let Celtic know.
A crippled Rangers has to be the aim now and I mean ovrt and above a 3yr UEFA ban.
Tamlaghtduff- yes May 9, a holiday of obligation in the Brattbakk household.
Monteblanco
Will there be a war chest?
RogueLeader on 9 May, 2012 at 12:50 said
Duff £ Phelps now owe HMRC backdated NI, and PAYE as the reduced wages are just a deferred, priceless!
When the music stops , Duff £ Phelps is looking to blame HMRC, HMRC is just letting them die of natural causes ….. Duff £ Phelps next move , hand over the keys on Monday ……..although, it is starting to feel like the FTT result has been provided and we are in the 7 days grace period…..
Chillpillcfc