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. The Battered Bunnet on

    Neil Lennon Is A Celtic Soul Brother, Gordon J

     

     

    Some good choices there but…

     

     

    TOP 10 Scottish Bands

     

     

    1.Aztec Camera – sensational, but the Associates deserve a mention

     

     

    2.Teenage Fanclub – Nah, the Revillos for sheer energy

     

     

    3.Belle & Sebastian – OK, yip, but Travis did some good stuff too.

     

     

    4.Glasvegas – Really, no. Great drums. Big sound. Lousy vocals. Average White Band every day of the week

     

     

    5.Stealers Wheel – yip, but the Reid Brothers are worth a mention too for singin’ and song writin’

     

     

    6.Del Amitri – sorry, nothing ever happened. Big Country for jangly guitars and jumping around type stuff

     

     

    7.JAMC – mental nights. Touch violent tho… Preferred the Blue Nile or the Texas/Hipsway/AI segue frinstance

     

     

    8.SAHB – surely Alex Harvey should be up nearer the top?

     

     

    9.Simple Minds – trail blazers.

     

     

    10.Fratellis, yip, great albums, lousy live tho. Biffy Clyro maybe?

  2. James Forrest is Lennon on

    The Battered Bunnet:

     

     

    Yeah well let’s hope it’s not a case of “the needle returns to the start of the song and we all sing along like before …”

     

     

    Cause that’s just not good ….

  3. mic1888

     

     

    Love Will Tear us Apart.

     

     

    Not Italy now. Glasgow

     

     

    2 generations ago my people were from Pietrasanta, and LaSpezia, round about there.

  4. Neil Lennon Is A Celtic Soul Brother says:

     

    28 October, 2011 at 21:59

     

    Would not walk 500 miles for that lot

     

    Proclaimers

     

    Gun

  5. philvisreturns says:

     

    28 October, 2011 at 22:18

     

     

     

    Supergran?

     

     

    A hun.

     

     

    And a Tory.

  6. I thought that Glasvegas were the next best thing went to see them in Dunoon earlier this year and they looked/sounded like they were miming…The cubs and I have not lsitened to them since

  7. Neil Lennon Is A Celtic Soul Brother on

    What about the worst Scottish acts of all time-some for starters:

     

     

    1.Leon Jackson

     

     

    2.David Sneddon

     

     

    3.Bay City Rollers

     

     

    4.Kenny

     

     

    5.Lena Zavaroni

     

     

    6.Neil Reid

     

     

    7.Wet Wet Wet

     

     

    8.Dead End Kids

     

     

    9.Darius

     

     

    10.Kelly Marie

     

     

    (Mostly Huns btw)

  8. dirtymac says:

     

    28 October, 2011 at 22:18

     

     

    Yes. And on that basis The KLF would be in my top 10.

  9. Neil Lennon Is A Celtic Soul Brother on

    2 more good bands from the 70s-String Driven Thing and Sutherland Brothers(though both had songs covered by the Bay CIty Rollers.

     

     

    Concede the Proclaimers should be in there alongwith AWB.

  10. Shieldmuir Celtic on

    I cannot believe that any Celtic supporter still buys the Daily Record. They are no more than a mouthpiece for Glasgow Rangers, as this latest C.Q.N. report proves. They never change. Is this not the same outfit who, all those years ago,warned Rangers not to go to Newcastle for their Christmas party,when they had set up a ‘sting’ for Celtic.?

     

    Let’s get real and do to them what Liverpool fans did to ‘The Sun.’

  11. 67Heaven ... I am Neil Lennon..!! Tick Tock !! on

    A cannae believe this…!!!!…….busy as hell at work, and missing all the fun developments…even the Daily Ranger is now panicking..

     

     

    Firstly, some CQNers went on a diet a few months ago….need to report my good news….

     

     

    Went for a normal check-up…..nurse tol me I was 15 stone…..WHAT ?

     

     

    3 months later …..12st 10lbs…….blood pressure down from 150 to 130….cholestorel below 6 overall (ideal, apparently)…sciatica GONE….

     

     

    So, looks as though I’ll survive to witness the demise of the dark side…..LOL..!!

     

     

    Auld heid…..where ur ye.????….tell me what’s going on ffs

     

     

    I’ve been saying it all along….the tax man doesn’t give a monkey’s about ANY football club….they’ll have their money back, and they have to be seen to be ruthless, since there a few other clubs they will be ‘hitting’ next…….

     

     

    Bye Bye, rankers….rankers Bye Bye..!!

     

     

    Now that the media etc finally realise it is pointless to continue to shore them up, and as soon as the January window arrives, the normal order will resume…….not one goal dropped away from home….mmmmmmmmmmmmmmmmm…..I smell another rat…!!!

     

     

    Did they manage to pay the wages this months…..?

     

    Have the media built the ‘coffin’ yet……?

     

    Has it been discovered yet that whyte, who is way out of his depth here, has a plan to walk way with a tidy little profit without spending one penny of his own money.? (sorry £1 and one penny)

     

     

    There are so many questions, but one fact is beyond debate….they are on the way out……so let’s get right behind the bhoys….

     

     

    Auld heid…where are you when I need you….????????????????

     

     

    Oh, Happy days, oh, happy dayayays…..LLLOOOLLL!!!

  12. The Legend Johnny Doyle on

    The Orc’s a gatherin and you all want to talk about is music…..? Forgive me Father…..

  13. CQN top ten

     

    No 4 Rod

     

    No 5 Belle and Sebastian

     

    No 6 The Proclaimers ( but they support the Hibees)

     

    No 6 Revised Paulo Nutini

  14. mic1888

     

     

    Excellent! Never heard that one! My grandparents didn’t allow us to watch Rai Tre when we were on holiday, as it was the channel of the Communists!

     

     

    We were more a Christian Democrat family…

     

     

    HamiltonTim… Imponenti?

  15. By the way, I’m not trying ever again to post from a phone. Feck me, it took nearly an ‘alf ‘our! During which time my pal (who still hasn’t posted) drank another three pints of silent cider – or as Biggus Dickus said ‘Thilent Thider’.

     

     

    Tho Vinny, thee you thoon.

     

     

    Hail hail

     

     

    Ethtadio

  16. The other day I commented suggesting I should keep a tab on how many managers stated “you need to have a go against the big teams” before playing Rangers but would suggest that “keeping it tight” was the best way prior to playing Celtic.

     

     

    I note that wee Craig Brown has opted for the former. 3 points to then tomorrow.

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