Rangers Newco cause picked up by media

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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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  1. Glasvegas are magnificent and the lead singer supports Celtic

     

    but have they done enough to be in top 10 ?

     

    What about The View ?

  2. The Spirit of Arthur Lee on

    Hello dudes

     

     

    Scottish Bands

     

     

    Love and Money

     

     

    Kevin Mcdermott

     

     

    Hipsway

     

     

    Texas

     

     

    Aztec Camera

     

     

    The jesus and mary chain

     

     

    Primal Scream

     

     

    Teenage Fanclub

     

     

    Fran and Anna

     

     

    B A Robertson

  3. "we are all Neil Lennon and love the Celtic, "mouldy67" on

    In the event that our beloved club would vote to let a pre pack debt fc back into the spl, then they can have my season ticket back

     

     

    I am sure I can find more time to take up road cycling

     

     

    Or aka as pot hole watching and dodging

     

     

     

    Hail hail

  4. Ok, in reverse order –

     

     

    10. Donovan

     

    9. Lulu (if only for ‘I rise in dreams of time’)

     

    8. Roddy Frame (good EK Boy) aka Aztec Camera

     

    7. Del Amitri (great lyrics)

     

    6. Stealer’s Wheel (by the way ‘Star’ and ‘Late Again’ are even better than ‘Stuck…)

     

     

    top 5 to follow…

     

     

    Jobo

  5. Vogue punter when I was at school it was either them wet x 3, or deacon blue. As much of an arse that I find Pat Kane now back then I was a big fan.

  6. The Legend Johnny Doyle on

    Jobo, Thanks for understanding.

     

     

    JimmyQuinnsBitts Those Two Huns were joined at the Hip..

     

     

    Still suffering….

     

     

    JD

  7. ItaliaBhoy says:

     

    28 October, 2011 at 21:59

     

     

    Aye but I wouldn’t say The Faces were Scottish either.

  8. …(continued…)

     

     

    At No. 5 – Proclaimers – very underrated

     

    No 4 – Lloyd Cole – Rattlesnakes album is in my top 20 of all times

     

    No 3 – the wonderful Annie Lennox

     

    No 2 – Paulo Nutini (I know, only 2 albums, etc but absolutely brilliant for someone so young)

     

     

    Jobo

  9. Patria O Muerte on

    Do AC/DC count????

     

     

    The did wear Scotland tops in a video and at the Apollo….

     

     

    And they have an exhibition at the Kelvingrove Galleries at the mo…

     

     

    I think this, and the fact that they shook us all night long gets them in the top ten….

     

     

    What d’ya think pop pickers???

     

     

    POM

  10. JimmyQuinnsBits says:

     

    28 October, 2011 at 21:58

     

     

    Too many people get caught up in them being a novelty band which they never where… If you listen to their lyrics since the very begining they are very political and their romantic song lyrics are very beatle’ist in a way they are simple but truthful. They write about what they have experienced …I hope BobbyEvanSuperstar is not looking in or he will get at me tomorrow.

  11. Greenlion

     

    This is purely subjective and completely pointless but

     

    good for the Craic.

     

    What it tells us is that most CQNers are in their 30s and 40s

     

    and have exceedingly good taste when it comes to rock music.

  12. “we are all Neil Lennon and love the Celtic, “mouldy67” says:

     

    28 October, 2011 at 22:02

     

    In the event that our beloved club would vote to let a pre pack debt fc back into the spl, then they can have my season ticket back

     

     

    I am sure I can find more time to take up road cycling

     

     

    ***********************************************88

     

     

    I bet you would be listening on the radio.

     

     

    Would you wanting us to get beat?

     

     

    Hail hail

     

     

    Estadio

  13. Neil Lennon Is A Celtic Soul Brother on

    Bit Of a pop band but Marmalade(1st Scottish Group to have a Number 1)had some great singles.Also Gallagher & Lyle

  14. HT/JQB

     

     

    A true genius, so dead pan, cried laughing sometimes.

     

    How about Ivor Cuttler, he is/was I think mad as a hatter

     

     

    Oh, btw HT the Waterboys were from scotland Ireland england and have this many past and present members :>))

     

     

     

    Mike Scott 1982-93, 1998-present

     

    Steve Wickham 1985-90, 2000-present

     

    Katie Kim 2009-present

     

    James Hallawell 2010-present

     

    Joe Chester 2010-present

     

    Sarah Allen 2010-present

     

    Blaise Margail 2010-present

     

    Marc “Archie” Arciero 2010-present

     

    Kate St John 2011-present

     

    Ralph Salmins 2011-present

     

    Melvin Duffy 2011-present

     

    Past members

     

    Anthony Thistlethwaite 1982-90, 1999-2000

     

    Kevin Wilkinson 1982-85, 1987, 1999

     

    Roddy Lorimer 1983-85, 1987-90, 2006-07

     

    Karl Wallinger 1983-85

     

    Martyn Swain 1984-85

     

    John Caldwell 1984

     

    Eddi Reader 1984

     

    Chris Whitten 1984-85

     

    Marco Sin 1985

     

    Frank Biddulph 1985

     

    Guy Chambers 1985-86

     

    Dave Ruffy 1985-86

     

    Peter McKinney 1986-87

     

    Noel Bridgeman 1986-90

     

    Trevor Hutchinson 1986-91

     

    Fran Breen 1987-88

     

    Vinnie Kilduff 1987-89

     

    Colin Blakey 1987-90

     

    Tomás Mac Eoin 1988-89

     

    Jay Dee Daugherty 1988-89, 2001

     

    Sharon Shannon 1989-90, 2004

     

    Tim Sanders 1990

     

    Simon Clarke 1990

     

    Ken Blevins 1990-91

     

    Livingstone Brown 1999-2000

     

    Jeremy Stacey 1999-2000, 2008

     

    Richard Naiff 1999-2008

     

    Gordon Davis 2000

     

    John Baggot 2000

     

    Tom Windriff 2000-01

     

    Jo Wadeson 2000-01

     

    Ray Fean 2001

     

    Ian McNabb 2001-02

     

    Geoff Dugmore 2001-03

     

    Paul Beavis 2002

     

    Brad Weissman 2002-03

     

    Steve Walters 2003-06

     

    Carlos Hercules 2003-09

     

    Damon Wilson 2007-08

     

    Mark Smith 2007-09

     

    John McCullough 2009

     

    Ash Soan 2010

     

    Ruby Ashley 2010

     

    Paul “Binzer” Brennan 2010

     

    Simon Wallace 2010

  15. Donegal resident on

    Good evening all

     

     

    Why all the positivity today regarding the impending collapse of Rangers fc? Newsnow Rangers has not got one story in the last 24 hours along those lines.

  16. …(continued again)…

     

     

    and at number 1, by a country mile it’s………(no, not Best In Tension, but…)

     

     

    The late, great Gerry Rafferty.

     

     

    Jobo

  17. James Forrest is Lennon on

    Here’s one in honour of our friends across town … if you’re unfamiliar with the song, don’t just listen … check the lyrics.

     

     

    http://www.youtube.com/watch?v=fn4n4VVwKfk

     

     

    White roses and misty blue eyes

     

    Red mornings and nothing but grey skies

     

    A cup of coffee, your heart shot clean through

     

    Jacket you bought me gone daisy grey-blue

     

    You’re smilin’ now but you’ll find out

     

    They’ll use you up and spit you out now

     

    Your head’s spinnin’ in diamonds and clouds

     

    But pretty soon it turns out

     

     

    You’ll be comin’ down now baby

     

    You’ll be comin’ down

     

    What goes around it comes around and

     

    You’ll be comin’ down

     

     

    Easy street and quick buck and true lies

     

    Smile’s as sad as those dusky blue skies

     

    A silver plate of pearls my golden child

     

    It’s all yours at least for a little while

     

    You’ll be fine long as your pretty face holds out

     

    Then it’s gonna get pretty cold out

     

    Endless streams of stars shootin’ by

     

    You got your hopes on high

     

     

    You’ll be comin’ down now baby

     

    You’ll be comin’ down

     

    What goes around it comes around and

     

    You’ll be comin’ down

     

    For a while you’ll go sparkling by

     

    Just another pretty thing on high

     

     

    Like a thief on a Sunday morning

     

    It all falls apart with no warning

     

    Satin sky’s gone candy-apple green

     

    The crushed metal of your little fine machine

     

     

    You’ll be comin’ down now baby

     

    You’ll be comin’ down

     

    What goes around it comes around and

     

    You’ll be comin’ down

     

     

    You’ll be comin’ down now baby

     

    You’ll be comin’ down

     

    What goes around it comes around and

     

    You’ll be comin’ down

  18. POM

     

     

    There’s no way I’m taking you on man , you are on top form – AC/DC scottish,no argument !

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