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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But my hand was made strong
By the hand of the Almighty.
We forward in this generation
Triumphantly.
http://www.youtube.com/watch?v=VNkr86zZaP4
Tim… according to Dixie
GL2 whit?
Vl
Tomorrow is a massive game.
We need the points and a performance. 45 minutes won’t get the players and fans confidence back, it’ll take a run of games.
A good thing about the other night was that NL got fired up during the Kayal/Sproule incident. He was also quick to talk to Kayal and Hooper when they were subbed. Also good to see Hooper having a joke with Lennon.
Stokes first goal, 3-1 again and us to get a red card.
http://www.youtube.com/watch?v=fLexgOxsZu0&ob=av2e
THE EXILED TIM says:
28 October, 2011 at 23:26
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.
===============================
Now that’s what I call a wedding – something tells me, you have quite a few stories to tell over a beer or two ;-)
paulsatim is neil lennon says:
28 October, 2011 at 23:21
I have a euphemistically vague memory of seeing them in MacCuills one night. :)
I think they were superb? :)))
Rico
What’s that coming over the hill…. is it the tax man ?…… is it the tax man?
Gordon64 – Nixon as in Tricky Dick?
A real-life Shakespearian tragic figure if ever there was one.
This guy was a bit of a Nixon fan too, and this goes out to all our hun friends at this difficult time:
http://www.youtube.com/watch?v=WkjxlngfsKA (thumbsup)
The Ghood will prevail says:
28 October, 2011 at 23:29
what about mogwai? has anyone mentioned mogwai yet?
I had Mogwai in my top ten, absolute Genius…..
There were a few others that I just couldn’t get into the top ten but I still love, Associates, Arab Strap, Idlewild, Roddy Hart, edwyn Collins…
SpongeBhoy SquarePants says:
28 October, 2011 at 23:24
ernie lynch says:
28 October, 2011 at 23:19
=================
‘Not familiar with the film – worth a watch?’
It’s a must see.
Stand and deliver..Ya huns!!!
http://www.youtube.com/watch?v=VPgHbt0ODr4
Ocihe Mhaith.
Ceann da mhuinitir as Rinn na Feirsde.
http://www.youtube.com/watch?v=nvrE2ZQX0Y0
Árd Macha
http://www.youtube.com/watch?v=bgnCB7oni8o
dirtymac says:
28 October, 2011 at 20:22
MWD – Debs got back to me and said that after a number of dodgy surveys posted to several forums, they decided that new ones would be treated as spam, irrespective of content unless permission was requested from Div.
As you’ve got a username on P&B, I’d suggest sending him a pm – he might even place the survey as a sticky at the top of each league forum. Worst that can happen is he’ll ask your motives, so as long as you demonstrate it’s not a wind up (nae pun intended) or a bit of Good Ghuys v Orc one-upmanship, I would reckon he’ll ok it.
——-
Can you contact me via Paul please. Thank you.
MWD
Philvis – Who authorised those backing vocals?
Ernie – You surely weren’t a Holyrood bhoy?
I must admit, I like to trawl you tube listening to amateur musicians and up and coming artists.
I have this girl’s you tube page in my favourites
Kate McGill – Fairytale of New York
I love when she messes up on the keyboard near the end and lets out a sweary word
What about our own wee chanter, Jinky?
http://www.youtube.com/watch?v=R44s8ap2aj8
What about songs appropriate to the Huns current predicament.
Money for nothing!
… where a blue McEwans Lager top = No imagination!
paisleybhoy – good choice. Saw them recently for the first time – awestruck! Going to the barras gig at Christmas, can’t wait!
ernie lynch says:
28 October, 2011 at 23:35
SpongeBhoy SquarePants says:
28 October, 2011 at 23:24
ernie lynch says:
28 October, 2011 at 23:19
=================
‘Not familiar with the film – worth a watch?’
It’s a must see.
================
Thanks Ernie, will make a point of watching it.
HUmour me, the lovely Omara… voice like a bell… with a few cigarros rattlin about
Viva Cuba…. and Mojitos
http://www.youtube.com/watch?v=y4r6HV3FfwI&feature=mfu_in_order&list=UL
SpongeBhoy SquarePants
Aye, I would, just like every single one of us would, you never know, it’s a small world.
I had intended coming over for the derby game on the 28th, flights and time constraints put paid to that, will defo make a game later in the season, so you never know, a beer or two I will have anyways.
Philvis
Nixon was not a tragic hero.
He was a liar and a crook.
And had blood on his hands.
Elvis just sang songs.
http://www.youtube.com/watch?v=ZKyEyxwqS2c
The Hooded Tim says:
28 October, 2011 at 23:38
:)))))))))
Rico
When they come to CP I hope the DJ has some appropriate songs lined up.
Taxman, Money’s too tight to mention, Money Money Money etc.
Oh Yes
http://www.youtube.com/watch?v=Eh_9NY56Sxw&feature=related
Mic 1888 …..YYYEESSSSSS, it IS the tax man,….LLLLOLLLLL
Title of the song is ironic, click on ‘more’ for full lyrics and merrily singalong!
Ballboy
THT
HH
Time for bed, adventures to be had tomorrow with the grandweans, going home soon.
If you never listen to another song listen to this, for our departed friend.
For Ocealigh, never forgotten.
The Battered Bunnet says:
28 October, 2011 at 23:37
I can’t claim that distinction, no.
Said Lizzie to Philip as they sat down to dine
I’ve not had my taxes from the huns in some time
I thought they were meant to be loyal and true
And £58 million will keep me off of the brew
She says that the Rangers are only fair game
Even though they tell the Paddies they have to go hame
I’ll send up my tax men to check in their bin
Said Philip to Lizzie watch Lloyds don’t step in
Said Lizzie to Philip they won’t stand a chance
we’ll put them in admin to lead them a dance
With the tax bill paid the way will be clear
For a new founded Rangers in Div 3 next year
But oh what a shock for the loyal true blues
It’s up to wee Chick to give them the news
Craig Whyte is a front man for…low and behold
It’s Frank McAvennie and Ibrox is sold
Said all of the huns when they heard of the news
What will happen with Ibrox and where will we use
I ask you dear Macca for you have to know
Where we’ll play and where is our dough
Said Macca to huns the answer is clear
I’m using your dough for some charlie and beer
And as for Ibrox then I’m a bit of a shark
I’ve just sold to ASDA and it’s now a car park
As its late at night, hope this doesnt offend anyone. A song for the huns,
http://www.youtube.com/watch?v=sKASPTQoBSs
NSFW or kids
The Battered Bunnet – Philvis – Who authorised those backing vocals?
I like to think it was this guy:
http://www.youtube.com/watch?v=PJbjAwvRWLs (thumbsup)
Songs re: IKEA FC
This wee number by a great Irish singer is actually called DIGNITY!!
dignity
Enjoy
Hx2
Gordon64 – I never said he was a hero, buddy.
Politicians, unlike David Bowie, are rarely heroes. (thumbsup)
Allgreen says:
28 October, 2011 at 23:42
When they come to CP I hope the DJ has some appropriate songs lined up.
………. and I hope we are all rocking?