The Daily Record today report: “Record Sport understands Rangers would fight tooth and nail against any move to impose more than the statutory 10-point penalty” in the event “the Ibrox side have to start again under a new name”, presumably if the existing company ceases to exist.
If the Record are, in fact, reporting Rangers’ position accurately, this is the first salvo in their campaign to gain control of the consequences of a corporate failure.
The Record go on to say: “Clubs who can’t exit administration by a CVA must hand over their assets to a new entity and after shares [in the SPL]are transferred to a new company agreement has to be reached with the SPL over a return to the top flight”.
The glaring observations from this aspiration is, of course, that agreement does not have to be reached with the SPL over a return to the top flight, and that clubs who cannot exit administration by a CVA (Creditors Voluntary Agreement) must dispose of their assets to the benefit of the unsecured creditors.
The debate is framed by the newspaper to suggest a range of outcomes of between 10-25 points is possible for Rangers Newco FC to pick-up the SPL shares and league position of the existing Rangers FC, with a 25 point deduction being wholly unpalatable to the new company.
There must be absolutely no presumption that a newly formed company, who happen to own Ibrox, are entitled to parachute into the SPL ahead of the current Scottish Football League members, or ahead of an existing SPL team in a relegation spot. In the event of a club failure the league can and, if necessary, must complete the season with 11 teams only.
Scottish football cannot establish a system whereby an oligopoly can vote on a system which stiffs creditors and prejudices competitors outside of the oligopoly. Football across the world is trying to clean up its reputation, we cannot allow Scotland to become a laughing stock. Let your club know your feelings on how they should vote when the time comes. It’s time for fans of Celtic, Aberdeen, Dundee United, St Mirren, Hibernian, Motherwell, Dunfermline and others to make their voices heard.
Read issue 3 of CQN Magazine free online here or buy a print version at Magcloud.
[calameo code=000390171bb1634f4d942 lang=en page=1 hidelinks=1 width=100% height=500]
1,266 Comments- Pages:
- «
- 1
- ...
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- ...
- 34
- »
The sound of silence from the laptop loyal is deafening.
hankray 17.29
I’m with you there.
Eyes on the prize.
TT
If they had a car park they’d be in it by now.
hankray: 28 October, 2011 at 17:29
“For the umpteenth season we are being assailed by stories of the day of reckoning fast approaching for RFC meanwhile this busted flush talk may be pie in the sky as we all got sidetracked last season and previous as they picked up Championships and are on the way picking up a fourth from under our noses.”
Why would the team get sidetracked by topics discussed on a football blog?
First ever post from a phone. I THANK YOU. Hail hail Estadio
What about that lunatic evangelist who predicted the end of the world last week.
Then when it didn’t happen ,he said that he had gotten his dates mixed up and that it would happen this week.
Never mind,one day i will die and he will be correct.
TT
team for tomorrow….
forster
wilson rogne mulgrew matthews
forrest kayal wanyama ledley
stokes hooper
mac
Lads as the best supporters in the world lets get to work and make what moonbeams said happen.
Most of the Rangers fans and as a club are the lowest scum there is and if we sit back and let this happen then we have all failed.
Our board has been keeping tabs on their finance for years and now Rangers think they can do as they like and get away with this scot free no chance..
They need to be punished because they are criminals and is the new owner and if this goverment think they will bail them out then they have a fight on their hands…
My dear,dear,dear,dear,friend.. GG.
Ah hiv met a loata People..
Last year.. Ah had a wee chat wi.. Craig Ferguson..
He says that he Supports the Partick Thistle..
but,his Gran, she supported the Celtic.
Ah told him that Ah Support the Celtic.
Ah said the Last Time that Ah wiz oan T.V. in L.A.
it wiz oan the Merv Griffin Show.
He said you wur only oan there Because YOU …wur a Catholic
Ah said.
That’s A Big Fat Lie!
Ah went oan there, because. MERV… wiz a Cahtolic!
How’s about a hearse at the midden on the front of the cqn magazine?
Estadio says:
28 October, 2011 at 17:34
First ever post from a phone. I THANK YOU. Hail hail Estadio
—————————————————-
We’re you inserting 4 pennies and push button B to get your money back?
‘GG
well, whether it’s 10 points, 25 points, relegation or maybe an additional 10 points to them to compensate the poor souls for all the trouble they have been through the points I am most caring about between now and 5PM tomorrow are the three that we need to win against the Hibees.
Who is fit and who is injured?
Big Dan and Tom in central defence?
Stokes and Hoops up front.
Ledley, Ki, Kayal and the on form Forrest in the middle and Matthews at right back? Shall we see the return of El Kaddouri or will Ledley be employed at LB while Wanyama takes his place to freshen up the midfield? Ledley is better used in the middle but he is a footballer with a brain and needs to be on the park in some capacity.
Any word of Izzy’s rehabilitation?
Phil Silvers
Yersterday 14.47
Sued!
CB
Lennon n Mc….Mjallby:
LMAO!!! Tell you what … If Mr Brennan agrees then it’s got my vote for sure.
That would be a collectors item ….
James Forrest is Lennon says: @ 17:25
Are you saving it until you turn 18 then ??
Maccargo – no Ki?
It pretty much sums it up and illustrates to those who don’t live in this country or buy in to the Rangers bias that exists here that I am sitting here sick to the stomach that Rangers might go bust.
I should be able to enjoy it, to revel in the fact that my club’s biggest rivals could imminently go out of business but instead it looks likely that if they do it will make them stronger for it. This simply cannot be allowed to happen!
mickbhoy1888:
Lol I wish I was mate! 35 this time last week … and I don’t feel a day younger than 50!
Haha.
James
The huns couldn’t handle that as banter,I would genuinely be worried about our host.
That’s why their animals.
If anyone is looking for a Christmas present to buy,may I recommend the following.
On November 24th a book entitled The I.R.A.in EnglishPrisons Vol 1:1968-1978 by Ruan O Donnell will be launched in Kilmainham Jail.
It will also be launched in Glasgow at a later date..Slan
Steinreignedsupreme says:
28 October, 2011 at 17:33
hankray: 28 October, 2011 at 17:29
“For the umpteenth season we are being assailed by stories of the day of reckoning fast approaching for RFC meanwhile this busted flush talk may be pie in the sky as we all got sidetracked last season and previous as they picked up Championships and are on the way picking up a fourth from under our noses.”
Why would the team get sidetracked by topics discussed on a football blog?
—————————————————————————————————–
Most of the team are regular CQN contributors. Did you not know that? I for one am Georgios Samaras and I can tell you between the Greek Austerity measures and the regular beratings I get for my performances from many CQN contributors I am mightily peeved of late. And yes, I can confirm Paul67’s regular tales of the GOD and of Rangers demise led us to train poorly and play like a bunch of lazy incompetents.
Away to get my split ends seen to.
Adios as they say in Greece. Alpha and Omega etc.
PS can you guess who the others are? James Forrest is a dead give away. Can’t believe he uses his own name and gives Mr Lawwell such a hard time in public. No secret santa for him this year!!
Forster
Matthews
Rogne
Danny
El Kaddouri
Forrest
Kayal
Ki
Ledley
Stokes
Hooper
The Tartan Rhinestone Cowboy…Sir Sydney Devine !
Alive and Well,livin’ in Scranton (when he’s no in Vegas) ?
Yer Pal,who thinks you’re a swelligan…
(Your Secret is Safe wi’ me).
TinyBubblesCSC
Ooops – I forgot about Mulgrew! Am I going mad or did he pick up a knock the other night?
Kojo
Craig Ferguson’s language is sometimes straight from the slopes of Firhill.
Around 2000 he was a regular on the Drew Carey show which I remember fondly.
‘GG
Is it just me, or is Tiny Tim a hun?
Robert tressel.
Brilliant stuff.
Hail hail
Neil Lennon says he wants Celtic to play the second half of Wednesdays game against Hibs in the first half against Hibs tomorrow.
* GetHisDrift *
RobertTressell – Vote Yes for Strike Action on 30th November: 28 October, 2011 at 17:43
I learn something new every day…
amadeus
It’s just you
James Forrest is Lennon says: @17:41
You must know it’s just not meant to be left sitting there for display purposes
RobertTressell – Vote Yes for Strike Action on 30th November says:
28 October, 2011 at 17:45
Ooops – I forgot about Mulgrew! Am I going mad or did he pick up a knock the other night?
——————-
Mulgrew didn’t play Wed, but he did pick up an injury against Aberdeen.
Are they bust yet?
‘GG
You sure?
AMADEUS
If he comes through investor lounge 1 tomorrow on his way to lounge 3 I will ask him and let you know
Superb post Snake Plissken,
what I fear most is a ‘split’ amongst the support if the board don’t play this one right.
Typical bloody huns. They will all rally round the MBB’s sale or return wagons, whilst we agonise over a response, risking a ‘split’ in the process.
Many of the other teams support have a name or two for the Glasgow giants – Twisted Sisters/Bigot Brothers etc. They like to moan about how the focus of Scottish football is unerringly on these 2 clubs, to the detriment of the game as a whole.
Well here is their big, once in a lifetime chance to change that….
mickbhoy1888:
Lol well both that and the Jack Daniels were MEANT to have been put away in May when we won the title …
… I was saving them for that very purpose.
Estadio says:
28 October, 2011 at 17:34
First ever post from a phone. I THANK YOU. Hail hail Estadio
They got a phone in Sharkeys??????
RoscoePCo
Think KI needs a wee rest and to know he is not undropable (is that even a word!!)
Also gives Wanyama some much needed game time.
mac