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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What about songs appropriate to the Huns current predicament.
I’ll start off with another Frankie Miller song covered by Bob Seger btw.
“Ain’t Got No Money”
http://www.youtube.com/watch?v=AjjWNgTFa0M
Estadio
Yes i did well worth a watch………… enjoy
.
Jinky’s Favourite Singer.. Frankie Miller.. Will do for Me..
Summa
Forgot to mention….20 fags a day, also….!!!!!!!!!!!!!!!!!!!!!!!!
CQN Top Scottish band
Frankie Miller has been voted No 1
No one mentioned Love and Money? Associates?
Thought I would throw a few names into the Scottish bands debate, whom I haven’t seen, but deserve, a mention
Danny Wilson
The Scars
Associates
Endgames
The Valves
Shamen
John McGeoch ..ok, tenuous link as his only solo work is still unreleased
Rezillos
In the worst groups …..if there is anyone worse than Deacon Blue then I haven’t heard them
Good evening fine people of CQN. I don’t post very often but I’d like to proffer my top 10 Scottish acts for yon chart.
1. Teenage Fanclub (best band in the world IMHO)
2. Gerry Rafferty- genius
3. Primal Scream
4. Lloyd Cole( I know, he’s English but Rattlesnakes is one of my top 5 albums of all time so I’ll include him) and the commotions
5. Jesus and Mary Chain
6. Travis
7. Belle and Sebastian
8. Del Amitri
9. The Waterboys
10. Mogwai – constantly superb and with song titles like ‘George Square thatcher death party’, what’s not to like? ( apologies Philvis)
random topics like thus are why I love this blog!
Hail Hail
Eddie Reader? Cappercaille? Shaking Pyramids
This album was massive back in the day
http://www.youtube.com/watch?v=M4gZg3-Kvlo
Neil Lennon Is A Celtic Soul Brother says:
28 October, 2011 at 22:50
http://www.youtube.com/watch?v=pB6Fa_pJqRQ
The Good old Days
Still no mention of Johny and The Self Abusers.
Ulster-Celt.
Damn. It’s a fair cop.
No bother about tomorrow. I’ll be at the garage at the bottom of the Springfield Road @ 6.00. It’s at the top of my road.
Heading to bed soon, promise.
Árd Macha
Italia bhoy
Thanks for that vid of Rod. Yeah he is cheesy these days but I was listening to his album Atlantic Crossing last week and I forgot how good it was. Brought back lots of good memories. Gonna put it on my phone now
BB
and off course not forgetting
http://www.youtube.com/watch?v=9YdkolAEHj4
Wee Declan… Paddy Moloney states that he wrote this one in an hour at his kitchen table
http://www.youtube.com/watch?v=ZkS-AUL-BuA
Jackie mac….great idea….every poster must state his wight tonight, and report weight every fFriday night, with lossor gain from previous week stated also…
I’ll start it off
28 Oct 2011…..12 stone 10lbs …..0.5 lb loss from last week…
ONE OF THE BHOYS FROM THE SCRIPT PLAYED FOR US AT JOHN KENNEDYS TESTIMONIAL..
caps on h…oooooops
wight = weight….getting too excited about the dark side developments
Favourite song of all time, no very scottish, but who cares
THE EXILED TIM 22:55
Look out for Joey T in the vid
http://www.youtube.com/watch?v=zN1_3zHjhW8
Estadio
Canny listen to tranny on bike, need to listen for traffic
Em…what about wee Clair’s Altered Images?
ok oK I’ll get ma coat.
Good Tim band
What must be made clear is that the huns are not in a position to negotiate. They come cap in hand.
Put them in Div 3 and let Falkirk (or Celtic resrerves :) ) fill the void.
Whilst progressing their way up through Div3,2 and 1 they fertilise :) the clubs in each division with much needed gate cash and media interest. Meantime grassroots football in Scotland is given a much needed boost and the huns will have performed a great service, thus redeeming themselves along the way.
Now that’s a plan!
Rico
Neil Lennon Is A Celtic Soul Brother says:
28 October, 2011 at 22:50
What about songs appropriate to the Huns current predicament.
Gwen Guthrie – Ain’t Nothing Going On But The Rent
http://www.youtube.com/watch?v=szM7x0N9Ru4
Seriously impressed by the musical appreciation on the blog.
It shows we have a great taste in music as well as football.
Celtic Soul Brother..
HELP, a need some money….Beatles……LOL…!!!
Half a pound of tuppenny rice, half a pound of treacle, that’s the way the money goes….POP, goes the weasles……(weasles = rankers)
Oh aye, and we’d meet them in the Scottish Cup and the Glasgow Cup every year to keep TV happy
Rico
and another glesga boy
http://www.youtube.com/watch?v=D4u2pSQulDE
My Uncle Jimmy played with Frankie Miller in a band called The Stoics in the 60’s/70’s Glasgow scence, from memory they did 2 albums together..
Favourite song – not Scottish though
Procol Harem – Whiter Shade of Pale
ItaliaBhoy says:
28 October, 2011 at 22:10
Hmm, love AC/DC but not sure I’d describe Bon Scott as a singer. Poor man’s Roger Daltrey, who himself couldn’t haud a candle tae Robert Plant
anditsthepoleagain
He’s young there, hard to take the eyes off the young wans though :>)
Better no play Bob to loud, the Mrs. might get a wee bit frisky[I wish] those were the days…….
CQN Scottish Top 10 (in no particular order)
The Beta Band
Primal Scream
Mogwai
The Blue Nile
King Creosote
Kopyright Liberation Front
Jesus & Mary Chain
Teenage Fanclub
Lone Pigeon
James Yorkston & The Athletes
Glasgow Celtic Football Club 1888 – present
123 years… still going strong!
HH
If you need money – try this one!
Classic Money!