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.
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I’ll never forget old Pud O’Halloran drunk in the classroom
Dye mind Big Dan, the PE teacher?
Not only do I remeber big Dan but his daughter was once my primary school teacher.
Margaret McGill says:
29 October, 2011 at 02:28
Two West Lothian men.
I had a house in Armadale for a while. Now there was a strange place.
My son was born in Bangour and funnily enough he passes it every on his way to work in Livingston.
‘GG going back to the 70s and the three day week.
Cardinals lead 3-2 after 5.
Crackin big fella
Auld Aggie the music teacher?… tryin to rake the corners of an my mind now
Aye Airmuddle Ken it weel ..was mugged there tae
GG,
it certainly was… I was at St Marys with Geordie and Richie Pape (thats right) from Armadale… I believe Richie ended up playin the drums in the Orange Bamd…. sometimes the world is mental
Bamd… am gonna leave it like that… fits
Lets see McCormick, Sneaky Pete, Contier, Bellamy, Bouncer, Mcgoo, Lockhart ( “stand up the dirty dog that did the dirty deed”), Mitchell, The Sweeney……wow ..way back!!
Recognise the sweeney and, i think, lockhart, but the memories probably gone wi the rest. Pupils… know any of the quinns, lavins, from lithgae?
them Pukka pies are lush…
JimmyQuinnsBits says:
29 October, 2011 at 02:48
Sorry. No. My memories have faded too. If I remember at all it was not with much fondness.-
What was the dance hall up the hill from Bathgate Cross?
My young brother frequented that as well early to mid 70s.
He related quite a few hairy stories from there with bottlings and rumbles between different local village teams.
‘GG
This may have been posted before:
http://www.telegraph.co.uk/sport/football/teams/rangers/8855791/Rangers-insolvency-rumours-the-talk-of-Twitter.html
GG says:
29 October, 2011 at 02:52
The GreenTree?
Bottom of the 5th and Cardinals load the bases with 2 men out.
Lead runner walks in 4-2 Cardinals.
Bases still loaded texas yank pitcher.
You have to be ruthless at this juncture and use everybody as there are no more games until Spring training.
‘GG
Margaret McGill says:
29 October, 2011 at 02:56
GG says:
29 October, 2011 at 02:52
The GreenTree?
Nah I don’t think so. It was a proper dance hall.
‘GG with only room for so much data.
Margaret McGill says:
29 October, 2011 at 02:51
aye, it wis pish
mind you, they say ye need contrast in your life to really appreciate things.
I remember the first time I went abroad, to France… never knew places like that existed… and food… man, I thought a bridie was nirvana… and I thought cheese and cheddar were the same thing until I went to a French Market.
GG my mistake earlier..looks like its 5-2 now
‘GG says:
29 October, 2011 at 02:57
Eh?
First ball from new pitcher hits batter on the hip with a fast ball, and another run is walked in.
5-2 Cards and bases are still loaded.
‘GG
JimmyQuinnsBits says:
29 October, 2011 at 02:59
exactly..for me it was real coffee, real alcohol and real drugs
Cards lead 5-2 after 5.
Disastrous innings for Rangers. :-)
Boy would I like to hear that about them this weekend.
‘GG trying not to eat the packet of onion crisps my grand daugher left half finished.
pharmaceuticals ken
‘GG says:
29 October, 2011 at 03:00
still lost, please explain the fun…?
BoB Ag
we we just discovered that we all attended the now defunct St.Mary’s Academy Bathgate probably around the same time
Brilliant fielding from Cardinals top of 6th.
Long fly ball caught above the fence to save a run.
No luck for the Rangers. (Bhoy does that sound good)
Three up three out for Texas.
‘GG
Lets be careful on any assumption on this hun demise thingy
“However, yesterday passed without any notification to the Stock Exchange of altered status and this week Rangers’ employees got their wages on time, which is more than can be said for every member of the SPL. The club was not sued for unpaid money owed to Steven Davis, a rumour which prompted the player’s agent, Robert Segal, to tell The Daily Telegraph: “I can’t understand why people react to this.”
Margaret McGill says:
29 October, 2011 at 03:03
ah hear ye… but those things are a given… cheese is where its at
My favourite, which I cannae gorge on as I’ve got to stick to my theory that anticipation is part of the taste…. epoisses… me, soap, and Scarlett Johanson rolled into one
Bob Ag says:
29 October, 2011 at 03:05
‘GG says:
29 October, 2011 at 03:00
still lost, please explain the fun…?
——————————————–
World Series, deciding game 7, Cardinals beating texas rangers.
It’s always fun to see a rangers team lose.
‘GG
Margaret McGill says:
29 October, 2011 at 03:07
aaah! Ta!
6 innings down and St Louis lead 5-2.
I hope the Dons do the same tomorrow.
‘GG
GG says:
29 October, 2011 at 03:11
I cheered my nephews Queens Park Rangers on to victory at the weekend, which was weird.
beddy baws…. night all
‘GG says:
29 October, 2011 at 03:03
——————————————————————————————————————
Re: The huns going out of the game……
It’s the wish of every fan who stood in the old ‘Jungle’ and, of course that of every fan who sit’s in the current all-seated CP that the huns are no more!
I still feel that, despite all their deeds that would shame all the devils in hell, the huns will be saved by the Scottish/SNP establishment!
I have been conditioned over the years to more or less accept that, no matter what the huns do that, they will walk away from all responsibility!
The huns have, rioted all over europe for 40/50 years and had little more than a couple of slaps on the wrist for singing to worry about ?mmmm
Don’t be surprised to see the SPL/SFA restructure the leagues to accommodate the huns and, expect the Celtic board/CEO officer to nod in approval like a collection of ‘churchill-dogs’ from the back window of a car! IMO!
Kevin says:
29 October, 2011 at 03:21
Kevin. I’m w/you. Too good to be true.
Aw, nearly forgot… a pome to bore ye before I go…. hehe
Did you think that lovely money
would get you all the fun
Did you think it would protect you
when the pound was on the run
When all the rest were bitten hard
Were you sure you’d be alright
Basking by your stone-framed fire
In the cold hard night
Did you think that it was yours to take
to claw and clutch and store
and that the fools who couldn’t win
should never ask for more
in the survival of the fittest
was your arrogance so great
that it blinded you to circumstance
and the fickleness of fate
Do you see what you did
when you sent the jobs offshore
Do you see what you did
for your rotten easy score
Build walls around your lovely house
put barbed wire on the top
You better build them good and high
To make the people stop
G’night this time