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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FFM
If it is to be today they decided, they have until monday morning before 8 am, so Phil could well be right, today will be significant in their history.
Hope so anyways.
Eurochamps
Mulgrew and Samaras back and fit. El Kaddouri has been on the bench recently, but Matthews favoured. Mulgrew to come in for Rogne who’ll have to be content with a place on the bench. Zheng Zhi is ineligible.
Celtic supports tribute to Reamonn Gormley
By: Newsroom Staff on 28 Oct, 2011 15:29
CELTIC players and management today offered their support to the Reamonn Gormley Memorial Dinner. The Dinner will take place at Celtic Park on Sunday, November 27, 2011 and will raise funds to enable others to carry out charitable work.
Reamonn tragically lost his life last year when he was killed in Blantyre. During his life, Reamonn worked for a number of months at the Good Child Foundation in Thailand, a charity working with kids with Down’s Syndrome and one which is now synonymously linked with Celtic Football Club.
The forthcoming Dinner is an idea developed by supporters and family friends and this and other events will raise funds to offer young people the opportunity to carry our similar charitable work either at home or abroad.
Celtic management and players will be in attendance at the event and are delighted to offer their support.
Captain Scott Brown said: “The staging of this event is something which everyone at the Club fully supports. Reamonn’s passing was a tragic loss for his family and while it continues to be a very sad time for them all, we are delighted to support this event which we believe will have very positive results.
“The way Reamonn lived his life and the manner in which he helped others is an example to us all and we hope that through events such as this we can allow more young people to have similar opportunities and make a lasting impact on others, just as Reamonn did.”
For ticket enquiries and further information, supporters should contact Celtic Football Club on 0141 551 4366 or email: matchdayhospitality@celticfc.co.uk.
Ta Bloke.
Nae ZZ jeezoh.
Stephbhoy 19.23 I feel your frustration fella if we had a word count on CQN the amount of words written about Rangere versus written about Celtic there wouldnt be the huge difference youd expect on a Celtic site. However, it seems to please bloggers to ramble on about Rangers and to get egg on there face when the out come doesnt come about on the day they have stated.H.H.
I also believe the Law suits pending for directors are relevant, if criminal intent can be proved against directorors then ther secured liabilities are at risk and they become the persons liable, that is why bain is being counter sued, the directors of a limited company are responsible for corporate governance
TET
Me too – just told the windae cleaner an hour ago, so now the whole town knows. My crediblity it at stake. Think it will be Monday before the meeja run with it anyway. By the time Meeja Hoose get their spin composed, edited, conditioned, and then grammar-checked by the their employees weans, it will be well into Monday. Even then, the Ibrokes petty cash kitty will need raided again to fill up the brown enevlopes winging their way around the local “news” offices.
Anyway, some peepil seem to be taking the huff that we are talking about a certain team in self-inflicted financial turmoil, so i should shut up about the huns. But i won’t.
Dacker
Presumably that would also explain the extraordinary lengths to which Sir David Trotter has gone to make it appear that he is as poor as he really ought to be …
FF
My last cryptic and irrelevant post was directed to Dacker and would have displayed my rapier like wit if only about 20 other folk hadn’t posted at the same time.
No wonder it’s been years since I had a podium
EWO
Your da called me earlier.
He said he wouldn’t pay your student loan :)
Eurochamps67
Hoping to see El Kaddouri our only fit left back in the side tomorrow, with Adam Matthews restored to his proper position on the right.
And like everyone else hope we play the second half first.
Wasn’t aware that Andre Blackman had played in the recent bounce game against thems. Anyone any more info? Apparently he’s still on trial with us.
bloke
he picked up a knock after 20minutes…
no suprise there then… o)))
FFM
Aye, no chance here either, some folks think that we are taking our eye of the prize, they must life in a different world that I do, we are faceless blogers, nothing more nothing less, and us talking about the hun will hinder the team, as deluded as the huns with their head in the sand.
No saying they are not Tims, just they lack a wee bit of reality :>)
Blantyre, mig mick h is one of my bestpals, the dad, and the best Hymn singer i have ever met, we can meet for a pint there. off to catch my flight be good and remeber who we are, Larkhall St Matry’s elite
Bloke
Andre Blackman’s first game in a year, was against the forces and he’s still on trial.
Bloke
I thought we had Honor Blackman in defence, what with the standard of defending we currently see most weeks … in the first half of games, at least.
[I believe Honor Blackman is a sprightly 86; and still faster than big Dan.]
FF
BlantyreKev
I believe you were talking about a Movember CQN team
There is an option to create a team on http://uk.movember.com/
If you were creating a team I would join and we could raise money for cancer as well as getting a laugh at each others efforts to look like magnum PI
If anyone else is up for it then count me in. Its for a good cause after all :0)
hamiltontim says:
28 October, 2011 at 19:38
Well considering the country of his birth, its hardly surprising is it!
Dacker I know who you are, Grampian Emerald bus…
Jamesy told me who you where..
EWO
LOL :)
If anyone has a right to choose what we can or cannot post on here it has to be Paul67 and of course he’s not daft enough to propose such a nonsense idea.
It seems that some posters currently disagree with the number of posts concerning one topic.
Guess what? If you don’t like it then go elsewhere.
Maybe Paul will give you a refund.
ernie coming from you this has given me the biggest laugh ever on CQN
ernie lynch says:
28 October, 2011 at 16:01
TinyTim says:
28 October, 2011 at 15:48
‘There will be no consolation in saying i told you so.’
You’ve been vague and inconsistent in what you’ve said.
Have you ever considered a career in politics?
Hearts players not paid today – anyone think they might take the opportunity to coat-tail on their cousin’s demise?
ie Take the hit and get same punishment?
ElDiegoBhoy says:
28 October, 2011 at 19:48
Agree with you,if todays topic does not suit,leave quietly.
Why the big hooha to let us know your leaving,naebody cares.
ElDiegoBhoy at 19:48
The expression ‘self policing’ not only has a certain ring to it, but it conjures up images of the occasional spectacular CQN flounce.
FF
EDB
Well said mi amigo.
Off oot as a taxi driver, the kids are away to hit the bars, the wife and I will be babysitting as usual, love every second of it.
Back soon bhoys nay fighting now :>)
blantyretim says:
28 October, 2011 at 19:28
Hows your back? I think Pauls header should be CQN damages your health
Bloke 109.
Re.Blackman.
I read somewhere that he played LB for the Reserves when they drew 0-0 with the Orcs on Mon/Tues…and went off injured.
GL2 easing up thanks…
spaced out on the tabs, sleeping most of the day…
Stephbhoy, comments deleted, language.
EDB, ha!
Right just in and finishing off some pasta.
House eerily quiet as the wife and the two boys have headed for Donegal.
Five o’clock rise tomorrow. Question is do I take a beer?
Keep it quiet lads I don’t want Ulster-Celt to know. He’s picking up in the morning.
Árd Macha
Good to hear blantyretims back is easing up for weekend,what a
stroke of luck :O)
5.25 Ascot tomorrow, No 8 Provo. Try shouting that one home in Willie Hills.
VP
how very dare you……?
Just heard the closing credits for RC phone-in with Sally interview.
Paraphrase: need to win tomorrow – blah! blah! – Celtic everyone expects them to win their game in hand – blah! blah! – so its only 7 points lead.
Then goes on to say quote: Who knows? We might NEED to play them another 3 times!
Did I hear that right? Anyone confirm?
voguepunter says:
28 October, 2011 at 20:01,
Pure coincidence.
The lure of Sharkey’s is a well known cure for back pain:)
Árd Macha
TET
Or lacking awareness or concern about how much we’ve been cheated and in how many ways!
Anyway, back to lurking for me the now. Maybe another topic of discussion could be the recent problems of steroid abuse in American Football :)