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.
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As many Celtic supporters as possible have to turn up tomorrow at George Square to show the Scottish establishment that the days of treating Celtic and our supporters as second class citizens is over.
This should be a marker for future protests regarding the cheats being allowed back into SPhell , titles should be stripped and demotion applied otherwise we need to walk away from this bigoted little midden
MICKYBHOY1888 1811
Nae bother,I just sing the Timmy words to their choons.
Drives them nuts……..
If they are indeed having trouble with their cash flow ,will it take the players not getting paid to put them into admin ,what if the are refusing to pay other bills ,suppliers etc.
hail hail
STOP PRESS
Rangers is not going into administration tonight – clyde
huns statement- No Administration,internet nonsense -Snyde 1
The huns will be vanquished, but only if we stand firm.
paulsatim is neil lennon says:
28 October, 2011 at 18:18
Cheers mate but just watching Raman, positive talk, even talking about extension to laughtery’s contract…
Keep the Faith!
Hail Hail!
ERNIE LYNCH
My view is that either way there will be a Rangers playing at Ibrox next season.
That they will be supported by the same fans.
All else is semantics to me.
The same hatred will be spat out at us.
Whether it is newco or Aye Ready.
TT
Livibhoy
Up in bathgate this evening, was going to pop along to the race night, with a fellow Livi Emerald member, who knows Sean and Family give a few pounds have a pint or 2.
Hope this is okay.
The statement says “not tonight”.
Must be very reassuring to the hun hordes.
James Forrest is Lennon says:
28 October, 2011 at 17:19
lies1690:
You know that song we sing with the line that says “If you read the history …” ?
Well even for the illiterate like you, reading your own is about to become a lot easier ….
That blank sheet is not for colouring in, though, right? Tempted as you’ll be to draw a Union Jack on it …
share
———————————————————————————————————
Time 18.24
We are still here.
Cancel the party.
HUNS
___________________________________________________
Lets draw a line and discuss Celtic please…
Kojo says:
28 October, 2011 at 17:37
Kojo,part of your comments in the above reply used the term ” Big fat lie” last time I heard that term was in the Wild Bunch used by Strother Martin,any relation ?
truth4767 says:
28 October, 2011 at 18:25
The fat lady is gargling with mouthwash getting ready to sing and it aint follow follow !!
Kojo,..
You truly ARE the racist bigot that you have been accused of being.
That is not from MY mouth.
That is from YOUR mouth.
I hope I don’t have to lower the tone of this site by repeating those posts.
Goodnight, Walter Mitty.
TinyTim says:
28 October, 2011 at 18:25
‘ERNIE LYNCH
My view is that either way there will be a Rangers playing at Ibrox next season.
That they will be supported by the same fans.
All else is semantics to me.’
There aren’t many people who have said there wouldn’t be a hun team playing at Ibrox.
So what you’ve said does’t justify your claim to be a latter day Cassandra.
Time 18.24
We are still here.
Cancel the party.
———————
Aye but for how long?
When do you think the towel will be thrown?
Guy Fawkes, Christmas, New Year or Easter.
Lenny,
Not recommendable to remove Internet Explorer its part of the operating system. Leave well alone.
All,
Are my questions too tough ?
HH
liar1690:
Suspended. Not cancelled. Unlike your overdraft and line of credit.
It’ll keep. Soon enough …
Being a Hun must be like living in Colombia – celebrating your survival on a daily basis.
The kind of thing the rest of us take for granted.
Anyone who read Chancer Whyte’s interview with Tom English last Saturday will know the Huns are going to go under.
Not speculation, wishful thinking or rumour – but his own words. It is just a matter of when it happens – CW didn’t even pretend otherwise.
Boys tbh the bad news won’t come tonight for Huns ie they need PTS on board b4 admin looms and cw won’t announce b4 this game
Did Cassandra ever eat ten pun a tatties?
Lennybhoy – you can’t really uninstall Internet Explorer unfortunately. Its part of Windows. I think you would need a 3rd party bit of software to do it. There might be a setting in the control panel.
2010 Never Again
With all the pointers being that the Huns voluntarily entering administration was imminent….could it be they haven’t secured the numbers they need to remain in the SPL?
They must be lobbying behind the scenes and they certainly wont voluntarily enter administration until they secure the numbers they need.
Make sense?
Ernie Lynch
I have stated this before .
You seem drawn to having a go at me.
Give it a rest.
Try Matt McGlones blog.
He’s got a great article about Scott Brown not signing his new contract.
TT
truth
looks like YOU CAN’T HANDLE THE TRUTH
JACKNICHOLSONCSC
Awe Naw…great minds and that (thumbs up)
To view updates of results as and when I post them use the following link and select the latest spreadsheet titled ‘Rangers FC 2012 participation in SPL’:
View latest results.
This survey (4 questions) has been created to gather the views of as many supports from as many Scottish clubs as possible re. Rangers FC 2012 and direct entry back in to SPL if/when the existing Rangers FC experience a liquidation event that sees the death of Rangers FC 1873 to 2011.
Please pass to friends/relatives/other football clubs supporters websites via facebook, twitter, email, txt etc.
Take the survey.
MWD
Imatim…,
I like your thinking
BT
You going to game tomorrow or am I meeting your good father to get my tickets?
MWD
What dates did Phil mention about 3 weeks ago? for the biggest announcement in rangers’ history..wasn’t it either yesterday or today??
has Rogne ever made a complete bollix of things?
Awe_Naw
I dont think your questions are too tough. I like your questions. I like your answers to your questions even more.
Livibhoy , timing for tonight ?
Location ? The Tower , craigshill , Livingston ?
They also need to get their choice of administrator past HMRC, emdy think there was a conference call :o)
numpty
Sir Kojo.
Ah dinnae believe ye ever appeared on this Merv Griffin Show…the series finished sooo long ago,that any of the guests would now be older than,well, Methuselah…..
Not the sort of folk who would be out at the ‘Jiggin’ every other night..
Miss Moneypenny says yer playin’ a blinder anyhoo,though the net is closing..
No mair Red Herrings,My High Heid Yin!
Canamalar, mayod
Along the lines of forget about wee tax bill and big tax bill geez us a new VAT number or we’ll sue ya bass.
I bet none of my posts wing their way to FF.
HH