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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Another great Scottish Band from the 80s also appropriate for the Huns
Rip it up and start again!
http://www.youtube.com/watch?v=ESy-Z8vqMrE&ob=av2e
Exiled Tim….wonderful song….Thank You
Neil Lennon Is A Celtic Soul Brother says:
28 October, 2011 at 22:50
What about songs appropriate to the Huns current predicament.
Adventures of Stevie V – Dirty Cash (Money Talks)
http://www.youtube.com/watch?v=8OkoQv9Onoc
: )
I’ve posted this before, but it makes me proud.. so bare with me ;)
Jimmy’s song as sung by Aretha Franklin.
http://www.youtube.com/watch?v=amhofKBvuyU
I have jsut found this brilliant…Caddizzy, Jinky, Vmhan etc
Greenock tunes
Achtung Bono
http://www.youtube.com/watch?v=jKJOUo8zuNE&feature=related
Can I say the wombles of Wimbeldon were good enough to be in the Escotia top 10, a wee shame they were south o Blackpool lol
V
Any quotes from FF ?…..they’ve gone all quiet……I tried to register some time ago…only lasted one night…fell oot wae wan ae thum…..LOL…!!!!
JimmyQuinnsBits says:
28 October, 2011 at 22:54
Another for the Huns in a similar vein to yours.
Evil That Men Do.
http://www.youtube.com/watch?v=cU5rvBtjsLY&ob=av2n
ah the apollo
http://www.youtube.com/watch?v=kk5emC8_rSI&feature=related
praecepta –
that’s my favourite ever 5/4 song!
Jobo
Closely followed by
Righteous Brothers – Unchained Melody
20 second advert at start but well worth the wait
Gordon64 – It shows we have a great taste in music as well as football.
I know!
http://www.youtube.com/watch?v=l4H9yZBjgSI (thumbsup)
SpongeBhoy SquarePants
The Beautifull One and I walked down the aisle to your favourite song.
The lead singer of the band had a black eye, he got thrown out of a club the night before, my best man had a black eye, my brother in law took a dislike to him in the week up to the wedding, the wedding went off like a dream, best day of my life.
Enrico Dandolo nicked my Crusade
Yes my friend make them do their community service before they are allowed back into the fold. Hopefully humbled by their experience. Doubt it though….
JD
oh and the barrowlands
http://www.youtube.com/watch?v=q2QS19hkiCw
Neil Lennon Is A Celtic Soul Brother says:
28 October, 2011 at 22:50
What about songs appropriate to the Huns current predicament.
Show us the colour!
GyEmerald says:
28 October, 2011 at 23:10
Couple of great selections there.
What about this one from The Penny Arcade Man himself “It’s Over”
http://www.youtube.com/watch?v=1bUexXdKThQ&ob=av2n
praecepta
Dark Side of the Moon is by a mile my favourite album
THE EXILED TIM says:
28 October, 2011 at 23:15
SpongeBhoy SquarePants
The Beautifull One and I walked down the aisle to your favourite song.
The lead singer of the band had a black eye, he got thrown out of a club the night before, my best man had a black eye, my brother in law took a dislike to him in the week up to the wedding, the wedding went off like a dream, best day of my life.
===============================
Sounds like a normal wedding :-)
Great choice for your wedding TET, a song that never ages, just like a good marriage.
SpongeBhoy SquarePants says:
28 October, 2011 at 23:06
‘Favourite song – not Scottish though
Procol Harem – Whiter Shade of Pale’
Not the greatest song in the world for me, though the tune did feature in one of greatest introductory film scenes ever.
http://www.youtube.com/watch?v=lZgGOkPRgTA
Hugh Reed and the Velvet Underpants, “Six to Wan”. Video shot in Heraghty’s, Pollokshaws Road
http://www.youtube.com/watch?v=BHR_UlUfmYo
One of my many favourite Pogues songs.
http://www.youtube.com/watch?v=vCITD_Hi3tU
Neil Lennon Is A Celtic Soul Brother says:
28 October, 2011 at 23:18
Does karma do irony? : )
praecepta says:
28 October, 2011 at 23:17
Click on The Beta Band on my CQN Scottish Top 10 above… probably the most appropriate song title when you consider their current circumstances!
THT
HH
why has nobody mentioned the blue nile thename of the band mibbies aye but they are fantastic
http://www.youtube.com/watch?v=F0wkO0aTtec
see
Philvisreturns
Joey Ramone. Superb.
Although the rest were Nixon fans !
Final Table.
1)John Martyn.
2)Robin Williamson.
3)Robin McKidd (of the Balham Alligators)
4)Gerry Rafferty
5)The Proclaimers.
6)Jimmy Shand.
7)Boys of the Lough.
8)The Skids.
9)Lena Martell.
10) Dick Gaughan….for his memorable song about George Galloway :-
“Bought and Sold,for a Handful of Mackintosh,
Such a Parcel o’ Rogues in Wan Person!”
ernie lynch says:
28 October, 2011 at 23:19
=================
Not familiar with the film – worth a watch?
praecepta says:
28 October, 2011 at 23:17
Years since I heard that one.
What about Starting Over
http://www.youtube.com/watch?v=iAJ2AoEwDvY
SpongeBhoy SquarePants
It wasn’t a conventional wedding, got wed in a marque at the back of my mates hotel, the guy who married us was a friend who had been thrown out of his church, it’s a long story, he was legally allowed to marry us, as I said, the best day of my life.
He married another couple the next week on the top of a mountain/hill in the borders, some man.
What about songs appropriate to the Huns current predicament.
Ghuys could this be next week’s tune?
The final duel?
Oops!
Song is called ‘Broke’ btw :-)
The Legend Johnny Doyle says:
28 October, 2011 at 23:16
And everyone’s a winner. Even the huns. They just won’t know it.
Rico
what about mogwai? has anyone mentioned mogwai yet?
I mean, they even wrote a tune about our sooside pals… what was it called, oh, that’s it – Scotland’s Shame.
Aja, best ever
The Final Countdown
Gordon64 says:
28 October, 2011 at 21:33
Sorry bit late for Scottish top ten bands
Slam – Eterna
http://www.youtube.com/watch?v=GKAwCYddrBk
Apologies for Dance Traxx