I continually read misleading interpretations about the alleged second contracts at Rangers. Rangers may, and almost certainly did, insist at the First Tier Tribunal that the letters in question were not contracts. This point is important to the tax authorities but completely irrelevant to the football authorities.
The SPL specifically:
“Impose a prohibition on players receiving payments for playing football or participating in an activity connected with football except where such payments are made in accordance with a form of contract approved by the SPL and require that all such contracts are submitted to the SPL within 14 days of being entered into”.
The SFA require:
“All payments, whether made by the club or otherwise, which are to be made to a player solely relating to his playing activities must be fully recorded within the relevant written agreement with the player prior to submission to this Association and/or the recognised football body of which his club is in membership.”
So, for clarity, side arrangements do not have to be part of a contract before they become subject to SFA and SPL regulations, but “payments… connected with football” or payments received by a player “solely relating to his playing activities must be fully recorded”, otherwise the player has been improperly registered and his team would be awarded a 3-0 defeat for each game he played.
The Sun’s landmark story on this issue claim’s one Rangers player was due £1200 appearance money per game, clearly “connected with football”.
In point 14 of his statement today, concerning Rangers being stripped of their disputed titles, Dave King said, “I am absolutely confident (now that I have a good sense of the true position) that this will not happen”.
The “true position” will be established by SPL inquiry. If they have all letters issued to players of the kind produced by The Sun, or given as evidence to the First Tier Tribunal, Rangers have no case to answer, but we have to wonder, if this is the case, why the inquiry?
I note the swift and robust defence issued by Sir David Murray against allegations levelled by former college Dave King. I also note the swift and robust defence issued by Sir David Murray against allegations levelled by former college Hugh Adam of side-contracts being issued to players.
Wait a minute, Sir David hasn’t uttered a word about Hugh Adam’s allegations!
I would like to be the first to congratulate St Johnstone on winning the League Cup in season 1999-2000.
Issue six of CQN Magazine, the Fit and Proper edition, is set to become a landmark collectors item. You can browse the magazine online here but you can buy your own hard copy by clicking on the link below. Read with 20-20 vision…..
You can support the online edition by making a discretionary donation here.
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Duff and Phelps statement amended to music…
I think I’m drowning
asphyxiated
I wanna break this spell
that you’ve created
you’re nothing beautiful
a contradiction
don’t wanna play the game
don’t want the friction
you will be the death of me
you will be the death of me
bury it
I won’t let you bury it
I won’t let you smother it
I won’t let you murder it
our time is running out
our time is running out
you can’t push it underground
you can’t stop it screaming out
I wanted freedom
bound and restricted
I tried to give you up
but I’m addicted
now that you know I’m trapped
sense of elation
you’d never dream of breaking this fixation
you will squeeze the life out of me
bury it
I won’t let you bury it
I won’t let you smother it
I won’t let you murder it
our time is running out
our time is running out
you can’t push it underground
you can’t stop it screaming out
how did it come to this?
you will suck the life out of me
CelticQuickMuse
Agent Craig
Tell them you are expecting a postal order this Friday, that should keep them happy in the meantime!
Agent Craig “Green and” Whyte!!
:-)
I pledged £100k and it’ll take a good few days to get this together.
If they come knocking I’ll ask for “another 48 hours”. Seemed to be ok when Mr Whyte wanted to buy them last year.
Mort
ADMINISTRATION
LIQUIDATION
DISINTEGRATION
I
New store in Govan!
Thats the best thing D&D have said in weeks by friday they will have racked up about £1m in fees.
I think OUR HERO has been on the blower to them and told them enough is enough PULL THE PIN and run TICK TOCK TICK TOCK.
HAIL HAIL
God, this is exciting. I’ve just realised that I’m staring at the blog as if I’m watching us pummelling thems with the score 8-0 in our favour.
HH
“Rangers’ administrators are “accelerating the sale” of the club”
LOL… Like that’ll help. Hope they’ve put some crowd control procedures in place to manage the deluge of prospective buyers. (That are not prohibited from buying the company)
However, on the upside at least it counts a decision D&D have made (sort of)
Feck I dont get the pension till Monday to late now to bid pity
so they have to sell the club by Friday or all bets are off , Murray took six years to sell the club and he came up with agent Whyte.
what about the £3.6 mil in the old dodgy solictors account or will that only cover duff & duffers fees
better get to ASDA for some jellly and ice-cream before it runs out
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 7 March, 2012 at 16:34 said:
ADMINISTRATION
LIQUIDATION
DISINTEGRATION
CELEBRATION
………………………………
we have to get that on a t-shirt
Estadio
Glad to see you back.
roy croppie on 7 March, 2012 at 16:20 said:
“In view of this, we are faced with a situation of making redundancies within the playing staff on such a scale that would materially erode the value of the playing squad. We are striving to strike a balance where cost-cutting measures can be implemented but do not destroy the fabric of the playing squad to the extent that it will inhibit the prospect of a sale…
————————
I’ve been playing about with a spreadsheet that shows that the cuts needed would reduce player wages to such an extent the necessary income to pay even those wages and repay creditors render the business unviable.
BlantyreKev – Parcel=> on 7 March, 2012 at 16:24 said:
Boom indeed!
You would need to be a loo na tic to procure Dignity in its current form, liquidation Friday …….It was always going to the case, that If they get rid of their top players then they would rather knacker up the league fixtures than face us and get a hiding …..
Woeful club with no sporting integrity at its core
Marvelleouscfc
How do you “Accelerate a Sale”
Put a nice racing stripe down the side of Ibrox or something?
Looks like they were hoping for the “receipt of substantial unplanned income” but it didn’t happen.
I didn’t win the EuroMillions jackpot either.
Get down deeper and down
Down down deeper and down
Down down deeper and down
Get down deeper and down
I want all the world to see
To see you’re laughing
And you’re laughing at me
I can take it all from you
Again again again again again again again
Deeper and down
Down down deeper and down
Down down deeper and down
Down down deeper and down
Get down deeper and down
I have all the ways you see
To keep you guessing
Stop your messing with me
You’ll be back to find your way
Again again again again again again again
Deeper and down
Down down deeper and down
Down down deeper and down
Down down deeper and down
Get down
Get down deeper and down
Down down deeper and down
Down down deeper and down
Get down deeper and down
I have found out you see
I know what you’re doing
What you`re doing to me
I’ll keep on and say to you
Again again again again again again again
Deeper and down
Down down deeper and down
Down down deeper and down
Down down deeper and down
Get down
Novus Ordo MundiCSC
Looking at the administrators statement we will now see if the ‘Blue Knights’ have the dosh at short notice
I predict Paul Murray will be shown up as the chancer that he is and Liquidation proceedings will commence next Monday/Tuesday
I am sick of this – taking longer than an eight-year-old bhoy’s Advent
Fritz A. Grandold @fritzagrandold Reply Retweet Favorite · Open
Summary: it’s even worse than I thought. Rangers are gubbed. That’s all you need to know!
Tweet tweet went the wee Birdy!!!
The Big House is falling down…
SP
So is the real reason for the cost cutting taking so long is that for the rangers to break even the administrators would have too make redundant too many players to field a team?
Mtt
THE BIG HOOSE MUST STAY OPEN
Cos this is splittin ma sides :-)
Auld Neil Lennon heid
sounds very much like liquidation as the scavengers encircle. How can anyone buy them just now without clarity with the FTT?
Roy croppie
Ice-cream & jelly
HAIL HAIL
Paul Murray was quoted on talksport today saying that he will be putting in an offer for the club later this week. So its very kind of Duff and co to open up the door for a early conclusion and secure the deal. Lets face it there should be no worries about concluding a deal under such circumstances.
So i expect Paul Murray to be in charge by the weekend all going well
Unless of course Paul Murray is talking craig whyte
Ma Interpretation o’ the Latest Bulletin. Fae the FRONT..
Based oan the The LITTLE KNOWN.. Pythagorean Theory o’
“Oan the Ither Haun”…first propounded by Jimmy Pythagoras, late o’ The Coocaddens..wan rainy afternoon in the Men’s Toilet. at Gorbals Cross.
Keeping that ..well in mind..
Therefore.. Ah conclude.. the followin’:
It seems tae me.. that..
Noo, at last the August Firm o’ Duff, Duffer..and Even….Dufferer..
Has Finally Admitted..
That..
It noo Realizes that..
Turkeys. DEFINITELY .. Dinnae Vote fur Thanksgivin’…and
Einstein .. Wiz.. Bloody Right .. as Weel!
Kojo
Who is Becoming Quite Giddy Wi’… Mirth.
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 7 March, 2012 at 16:41 said:
Disintergration, unless I am very much mistaken. How very apt!
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 7 March, 2012 at 16:34 said:
ADMINISTRATION (A)
LIQUIDATION (L)
EXTINCTION (E) = CELEBRATION
Can I be the first to congratulate Mothwerwell for the second European place.
heheh stupid huns.
So if C whyte bought it for £1
the next three years season tickets sales are gone,
they owe HMRC many more millions
the players won’t take a wage cut
they face sanctions from SPL
they face sanctions from SFA
how much can they sell it for?
can you write a cheque for minus £50M?
What happened to Mikey “the thug” Carroll when you need him?
What about that couple fae prestwick who won the Euromillions? They must be good bears…everybody in ayrshire is a hun int they? (listen tae the cultural stereotyping fae the big city lad)
Afternoon Ghents,
Paul and all the rest of you Apostles….Gonni do me a favour can you stop posting for a couple of hours, I am still on page 2 of..
SPL could learn from Irish FA. SFA could learn from everyone :-)
This better than any Joe Nesbo book
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 7 March, 2012 at 16:08 said:
didn´t the Gilmours sell up at St. Mirren ?
—————————————-
Planned community type sale fell through.I believe the club are still for sale…asking price £6-7M?
Debt free/new stadium/SPL license etc
winningemmell on 7 March, 2012 at 16:28 said:
Duff and Phelps are the Rangers of Administrators; utterly hopeless
My brother, who is a finance director with a sizeable firm, tells me that Duff and Phelps are the go-to-guys in this sort of situation. His company have used them several times and he’s always been really impressed by their professionalism. His reading of the Ragers debacle is that, if it’s been problematic or even borderline shambolic, the blame lies firmly at the door of Ragers, not Duff and Phelps.
Someone with knowledge of administration, bankruptcy etc please critique this.
a) they have no money
b) they are losing £33k daily
c) the are no cash reserves
d) there is no cash flow
e) the confirmed debt is £19m
f) there may be more
g) TTT may add £50m more debt
h) they can’t fulfill fixtures
i) they need a buyer
j) can’t wait till previous planned date of 16th March
k) we’re no very good at this
So…..Lets speed up the sale of the club to a not long list of potential buyers.
I smell liquid???????????????
Great times, I will take the memories to my grave.
CRAIGWHYTECSC
So Paul Murray. You’ve been called. Turn over your cards.
Oh look: a busted flush
Accelerate the sale?
What about the due diligence?
(J)ustice
(E)xtinction
(L)iquidation
(L)ove it!
(Y)a beauty!