It’s kicking off in all directions today but keep an eye on the English Football Association proposals to introduce a series of changes to lower league football. One option on the table is for Premier and Championship sides’ “B teams” to compete in a new structure with League Two and Conference teams.
The FA are eyeing an opportunity to allow the best young English talent, often cosseted in the youth squads of top Premier League teams with little chance of first team action, to be exposed to competitive games. The proposal includes a geographical split of northern and southern teams.
While the FA Premier League is bust by any known measure, the Football League is in an even worse financial state. Average income in the lower leagues is remarkably high but the steep pyramid-model, which has clubs chasing huge increases in revenue in the Premier League, leads to excessive over-spend.
With these proposed changes on the table the Scottish FA could do worse than discuss their own game’s future with their English counterparts. Well run Scottish clubs are hamstrung by their better-funded neighbours cherry-picking their best players for a relative pittance. Scottish Premiership clubs regularly cannot compete financially for players in England’s fourth tier.
It’s surely time to federate the top Scottish league with the English league structure.
Information slipping out of Switzerland this morning that Manchester City and Paris St Germain are each facing a fine of circa £50m for breaching Financial Fair Play rules is encouraging – if Uefa are able to deliver on the deal.
When you consider financially punishing an entity which owns the oil wealth of a sovereign nation the figure needs to be a big one. £50m just about hits the mark.
Apparently the Great Sevco Shakedown began this morning when the club’s first every goal scorer, Andy Little, was released. The news is harsh on the player but the club needs to learn the lesson – income needs to match expenditure.
Imran Ahmed’s court hearing today against Rangers International comes exactly three years after liquidation expert, Craig Whyte, was triumphantly welcomed into Ibrox, an ominous anniversary, for some.
Issue 20 of CQN Magazine, CQLisboN is out and enjoying great reviews. Click here to read for FREE.
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Matthew 7:1 is today’s text.
RM not at all happy with the score from the under 20’s………:-)
Lots of nasty names for the bhoys,surprise surprise.
So, should Sevco require extra funding in the near future, they’ll get it from their institutional investors??
Lies lies lies lies!
I demand to know who these people are!!!
HH
FT CELTIC U20s 2-0 RANGERS U20s Second-half goals from Johnstone and Herron preserves the young Hoops’ hopes of fifth successive title. (MH)
Full Time score for U20’s game at lennoxtown;
Celtic 2 – The RIFC (formerly known as sevco) 0
FT CELTIC U20s 2-0 RANGERS U20s Second-half goals from Johnstone and Herron preserves the young Hoops’ hopes of fifth successive title. (MH)
GG
Thanks for the updates!
Well done the young Hoops!
@celticfc: FT CELTIC U20s 2-0 RANGERS U20s Second-half goals from Johnstone and Herron preserves the young Hoops’ hopes of fifth successive title. (MH)
Marion Morrison aka John Wayne aka The Duke converted on his death bed according to his grandson Fr. Matthew Munoz.
Celtic now on 62 points with one game remaining against Dundee United on Thursday.
Second in league behind the undead who have completed their season and are on 64 points.
a win on Thursday is essentail
Wonder if any of the sevco executives were looking for seagulls at the ring fest trial today.
Game over, 2-0 to the young Hoops.
Well done Bhoys.
HH!!
GG,
Thank you. Just locked on again and saw your giving the FT result. I wonder if the SMSM will give it a mention tomorrow.
Canamalar
No problems
HH
DBBIA @ 17:16,
The aul sermon from the mound…..
Well done the Bhoys
Went for the old tried & trusted way of dealing with bringing the lhads luck, been walking the streets wae the dog for an Hr:)))))
Stay focused 1 game to go
‘GG Be Proud Sir
Canamalar
On the basis of this afternoon’s hearing, I couldn’t say that anything corrupt happened there.
Basically to justify the freezing of an account you have to show that the defender ( or pursuer ) is impecunious and that there is every good reason to believe that they would not be able to meet any award which is ultimately granted.
Now, IA will point to the accounts, the cashflow, the statement by Wallace and all that sort of a thing.
However, the Rangers man will also point to the accounts (specifically the balance sheet), the fact that there is Season Ticket money coming in, possibly asset sales ( players ) and add that there are institutional backers that will preserve the liquidity of the business.
He will also have argued that there is nothing to show that the defender company is insolvent AT THIS TIME — what happens to it in the future is of course conjecture.
The argument will have been that at this juncture, there is nothing to show that the company is insolvent– the main creditors RIFC– have not called in their loan and appear to be backing the club.
That makes this a different argument to the Martin Bain situation as there the main and driving creditor was HMRC who had started recovery action AND there were accounts which Bain had knowledge of which showed that RFC PLC had a host of unpaid debts which de facto made it insolvent.
IA couldn’t show that.
Besides, I have no great sympathy for IA and I suspect that this attempt at ring fencing some money is no more than an attempt to force The Rangers to come to the table with an offer of cash rather than have their accounts tied up.
Whether he actually has any legitimate claim is anyone’s guess.
I suppose he should really go and ask Charlie Green to endorse his claim.
Remember too where IA came from in the first place — Zeus Capital.
I am willing to bet that he has the ability to stab his Granny in the chest whilst standing on a ladder several rungs below her position on the same ladder — which is a skill you just don’t learn anywhere!
With the undead season over I wonder how many of the youngsters will be released as their contracts expire.
Tontine Tim @ 17.20 – didn’t even know he played rugby.
SonsofKatieElderCSC.
Well done the U20s
Well done Johnstone and Herron
Thanks for the updates….
Hail Hail
The one I miss in the ole Sevconian opera du savon is Sir Guy of Gisborne.
He is long overdue a re-appearance to claim what is rightfully his.
How stupid are the Scottish courts going to look if they go into admin before the end of the month.
If they do is their any recourse of action that can be taken outwith Scotland ?
HH
Drawing Cliftonville has it’s attractions
BRTH
Surely if IA case was not legitimate it would never have made court.
Therefore I reckon your semantics around at this juncture is tripe. According to the last judge football income is cyclic. Redundancies, Withdrawn statements from directors. A burn of 70m in one year etc.
Pretty convinced if it was a group of employees ..let’s say office staff the ruling would be slightly different. Only slightly.mind due to their indesputable corruption.
HH
BRTH
Thus confirming ye can stab yer Granny aff a ladder.
I always thought the bus means of deliverance from a thrawn granny suspect.
Well done the young yhins!
awe_naw_no_annoni_oan_anaw_noo
17:30 on 6 May, 2014
How stupid are the Scottish courts going to look if they go into admin before the end of the month.
If they do is their any recourse of action that can be taken outwith Scotland ?
…………
Can they look any stupider than they did in the NL case in Edinburgh?
Do you think it bothers them?
‘gg
17:27 on 6 May, 2014
With the undead season over I wonder how many of the youngsters will be released as their contracts expire.
Thanks for the updates..saw this on undead media site
It’s regarding Charlie Telfer signing for Dundee United, looks like someone made a wee mistake in the paperwork ;-) the Orcs are not too pleased
Pretty much a done deal from what I have heard, now just compensation to be agreed.
Should be around 65k, if he went outwith Scotland it would be around 360,000 euros.
Apparently Rangers “forgot” his contract was up, we are a fecking shambles.
Aw Naw
I would not put your tripe argument in front of a Scottish judge.
It will be difficult for him to chew over and swallow and will in all probability keep coming back to irritate you.
Googybhoy
If 10,000 local citizens get ripped off before the end of May. Then they will. The courts of course should be concerned as that is who they should be protecting not blue pitch & margritha sp ?
Hopefully it does happen and there are riots in the street.
Armstrong should be forced to quit in utter disgrace if that were to happen.
HH
Radio Shortbread just can’t help themselves,after covering the huns daily catalogue of disaster,they tell us we have to sell FF and VVD.
Awe Naw
no offence but clearly your rudimentary knowledge of the law and the running of the courts is less than tripe!
You do not have to pass any kind of test to bring any case to court. If you can fund a court case then you will find someone who will be willing to put your case within the four walls of the court for you in return for said payment.
Throughout the hearing today you will not have heard a single word about the merits of the case at all — that is neither discussed nor tested at a hearing on whether an arrestment is justified or not.
It is simply taken that IA says he has a case and that The Rangers say he doesn’t.
The only matter in issue will be whether he has shown enough to justify an arrestment of money to protect the value of his claim SHOULD IT ULTIMATELY PROVE TO HAVE ANY MERIT.
It is the oldest trick in the book:
Raise a spurious claim, arrest money on the back of it and so force the defender to settle with you in some shape or form.
It happens day in and day out.
Courts full of honestly legitimate claims really only happens in Shangri La.
However, I agree — If the claimant was an employee of many years standing and not so obviously a money merchant then there is every chance that the judge’s heart strings may well have been tugged harder.
Still doesn’t make the actual basis of case any more legitimate.
Auldheid
Ten week old tripe left on the street would be less repugnant and more honest than the Scottish courts.
I wonder if a hun fan who now buys having been reassured by Lord Armstrongs expert readoning would have any recourse of action if they go tits up straight afterwards ?
HH
BHRT,
The statements coming out of ibrox indicate a clumpany in distress, your own earlier question about the institutional investors being prepared to further bankroll a clumpany that has gone through £70M in 2 years, I would have thought is something a judge has the right to ask in fact should be asking in the interest of justice. Then again what judge want to upset the very fabric of society that clothes him.
che
17:12 on 6 May, 2014
I knew it was a silly question…:)
Keep the Faith!
Hail Hail!
I’m with BRHT on the IA issue, I don’t think he proved his case at all. He did have a case mind you but just didn’t have any inside info to back it up so the judge was left with no alternative but to reject his attempt to ringfensce the monies.
Also the judge would have been swayed by the fact that 2 institutional investors have previously supplied Sevco with short term loans to see them through a period of financial uncertainty.
I think the question we all need to ask is why are investors prepared to keep this going, what’s the long tern goal here and how do they benifit financially from this over the long term.
The Easedales are aware of the financial situation at the club yet were still prepared to put £500,000 into the coffers with no return. Whatever we think of them they are no mugs and this kind of dosh to them is not small change.
So for me we have to accept that the doom merchants who have been constantly predicting admin/liquidation almost on a daily basis for the last 5-6 months may infact be wrong and are getting fed duff information.
Celtic are represented on the SPFL board and I’m sure they are making sure that our football legal people are asking all the right questions on whether newco can complete their fixtures next season.
BRTH
Fair enough but the last caveat proves that even you know that its not discretionary and not based on reality or expert judgement. Therefore entirely corrupt.
HH
Canamalar,
It has nothing to do with justice and everything to do with ST sales. No way was a Scottish court going to let such an accurate assessment enter the public domain.
They were not prepared to let Charlie Green and co back them into a corner.
HH