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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.

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  1. bjmac @14:47 – “…..how this could work, I’ll leave to far more intelligent people than me.”

     

     

    Could you not try to narrow it down a little? :-)

  2. Afternoon bhoys, seriously wet still hun free.

     

     

    Can I confirm something, if today passes and the huns are the same as per, do they lose the 2.8 mill that the HMRC have ringfenced ?

  3. Not since the “Who’s more hated…” article in the Record have I bought one, or even visited their website. Propoganda such as this only reinforces my resolve to stay away from the hun-loving Record. It’s a shame more of us can’t do the same. Destroy the Record by abstainance and it won’t be in a position to fight for them!

  4. Moonbeams WD. \o/ Supporting Neil Lennon 100%. C’mon the hoops. says:

     

    28 October, 2011 at 14:51

     

     

    i think you are wrong. they are duty bound to consider all the options but they won’t vote to allow the huns back in imo for a number of reasons. the old firm fc fallacy being one of them, there’s no conspiracy at work with celtic and the huns and no love there, just a series of individual decisions that are taken on commercial grounds.

  5. SpongeBhoy SquarePants:

     

     

    Who is Major Crisis and is he seeking an explanation from Rangers for having the nerve to invite the troops to Ibrox this Poppy day?

  6. ATTENTION!!!

     

     

    ATTENTION!!!

     

     

    ATTENTION!!!

     

     

    I’ve just received information, from an extremely reliable source (please don’t ask because I cannot say) that the scenario Paul has written about this last 2 days WILL BE DONE AND DUSTED BY CHRISTMAS!!!

     

     

    That leaves no time at all for the Celtic support or other teams supports to get organised. Before we know it Rangers FC 2012 will be playing as if nothing has ever happened.

     

     

    If you feel strongly enough about this then you have to actually get up of your arses grab a pen and a bit of paper and write to our club airing your view on this. Let’s not make it easy for our Celtic to make a decision that affords any metamorphosis of Rangers soft land back in the SPL.

     

     

    If you know any supporters of other clubs out with Celtic and Rangers its time to stir their emotions too. Especially so if those supporters are of teams currently playing in the SPL. Stir their emotions up enough to get them writing to their own clubs.

     

     

    If we don’t then we will just be accepting that Rangers can get away with cheating, law breaking and criminality.

     

     

    If you have access to other teams forums then get on them and start stirring them up into action. Even if it is only online they are going crazy then that might well be good enough. Because as sure as day becomes night and night becomes day football club executives are very aware of their supporters views on all matters via the new media revolution.

     

     

    DOING NOTHING IS NOT AN OPTION.

     

     

    MWD

  7. Kojo says:

     

    28 October, 2011 at 14:48

     

     

    Me.. ?

     

     

    Ah am only concerned aboot how the Celtic are Faring..

     

     

    Right Noo. at this Time..

     

     

    I don’t Give a Tinker’s Curse, whit happens tae oor Rivals.

     

     

    They kin go oot o’ Business… or..No Go Oot o’ Business.

     

     

    Ah dinnae care.

     

     

    Ah only care aboot the Celtic.

     

     

    Am Ah the only Guy oan here who Thinks like This?

     

     

    and ye know something?

     

     

    Ah believe that Ah am!

     

     

    Kojo.

     

     

    No you’re not! How was the jiggin’?

  8. The best bit of play from this week was Hooper’s pass for Ki against Aberdeen and Stokes pass for Forrest’s second

  9. Every organisation has its own Constitution /Standing Orders for the conduct of its affairs.

     

     

    In previous involvement with TU and ascociated activity, I learned that the first thing to learn was the rule book and how to apply it.

     

     

    I am not the man to do it but someone should be able to post the procedures and rules for SPL.

     

     

    Does the SPL have any rule or procedure for admitting another club mid season?

     

     

    Does one of the remaining 11 SPL have to propose the invitation and be seconded by another member?

     

    (If yes, we have 2 immediate targets for any boycott or other campaigning.)

     

     

    Does the SPL need a period of notice for motions/ proposals before they can be considered and then, if approved, enacted?

     

     

    Does the proposal have to be approved by all remaining 11 member clubs?

     

    ( If yes, then we have only one club to convince, our own.)

  10. TinyTim says:

     

    28 October, 2011 at 15:19

     

     

    nothing right now i would assume. how would it look if they were outed as conspiring against the huns when they werent even in adminstration yet. this has to be handled very carefully, if we are to get any support from the other clubs this can’t be seen as being an “old firm” issue, someone has a very difficult job persuading the smaller clubs that its in their best interests to block a readmission.

  11. Sorry for the late response, had to actually get some work done ;)

     

     

    RE boycotting:

     

     

    I’m coming at this from a behavioural economics angle, one which I assume the boards of other clubs would be as well. Let me explain, and hopefully not be patronising about it!

     

     

    We put the threat out that if clubs vote for NewCo, then we will boycott those clubs. As a club, they will evaluate the situation backwards, to work out what they should do. There are different outcomes, they vote yes, we boycott; they vote yes, we do not boycott; they vote no. It all comes down to whether they believe the threat, or they would pick vote yes, we do not boycott, as it gives them the greatest return (I’ve assumed here that they need the threat in order to vote no, and that without the threat they would vote yes, otherwise we would not need to make the threat in the first place.) So. Let’s see what would happen if they vote yes. It’s up to us to decide to boycott or not. Bear in mind that their decision can’t be changed, once they’ve committed to vote, they’ve voted. In that case, it doesn’t make sense for us to boycott, there is no gain at this point for us to do it. Our greatest return is to support Celtic, we can either support them or boycott, so we would be more likely to support. So for the club in question, the threat is worthless.

     

     

    Unless… unless we can commit to boycotting before they make their decision. Unless, we can prove that it is a factual outcome and take away the option of not boycotting. The only way to do this (that I can see) the only way to guarantee this happening is for Celtic to say publically as a club they will not handle tickets. For them to put out a unifying statement, for the CSCs, the Celtic Trust to join in as well. Is this likely? No. Not impossible, but I doubt it would happen.

     

     

    What I think is a better suggestion is what bjmac says at 14:47. To create a new vision, to get clubs to sign up to the future, rather than threaten them. They’ll be scared enough at the loss of what is a lot of money, what is make it or break it money, break-even or die money. We need to show them that there can be a future, and that it doesn’t involve clubs who cheat.

     

     

    Folly Folly says:

     

    28 October, 2011 at 14:45

     

    Yes, you’re probably right.

     

     

    Lennon n Mc….Mjallby says:

     

    28 October, 2011 at 14:46

     

    No. Not trying to tell you that less Celtic fans would go to CP. Trying to point out that if Rangers go, that’s a stadium filling game gone – at least two of them every season actually. I don’t know the numbers for away fans in CP, but I know it’s not much. Other than one team. We get rid of that one team, we lose money. We’re not the only ones. We could cope. Could other teams? I’m not sure they could say yes with any great confidence.

     

     

    Sadly, “all things change” isn’t a good business plan. These guys need a business plan, a proper money generating plan. So we need to factor in the (assumed) lower TV payments and work out how we can use less money to create a better product.

  12. MWD 14.51

     

     

    I share your opinion on our boards stance,and may i suggest ,share your very same fears.

     

     

    TT

  13. Phil Tweeting again

     

     

    Pmacgiollabhain Phil MacGiollaBhain

     

    From same legal source (a staunch RFC man and very well connected to old regime there) he said RFC are “unable to trade anymore.”

  14.  

     

     

    ATTENTION!!!

     

     

    ATTENTION!!!

     

     

    ATTENTION!!!

     

     

    I’ve just received information, from an extremely reliable source (please don’t ask because I cannot say) that the scenario Paul has written about this last 2 days WILL BE DONE AND DUSTED BY CHRISTMAS!!!

     

     

    That leaves no time at all for the Celtic support or other teams supports to get organised. Before we know it Rangers FC 2012 will be playing as if nothing has ever happened.

     

     

    If you feel strongly enough about this then you have to actually get up of your arses grab a pen and a bit of paper and write to our club airing your view on this. Let’s not make it easy for our Celtic to make a decision that affords any metamorphosis of Rangers soft land back in the SPL.

     

     

    If you know any supporters of other clubs out with Celtic and Rangers its time to stir their emotions too. Especially so if those supporters are of teams currently playing in the SPL. Stir their emotions up enough to get them writing to their own clubs.

     

     

    If we don’t then we will just be accepting that Rangers can get away with cheating, law breaking and criminality.

     

     

    If you have access to other teams forums then get on them and start stirring them up into action. Even if it is only online they are going crazy then that might well be good enough. Because as sure as day becomes night and night becomes day football club executives are very aware of their supporters views on all matters via the new media revolution.

     

     

    DOING NOTHING IS NOT AN OPTION.

     

     

     

     

    MWD

  15. celtic40me

     

     

    Yes ,that is probably the correct tactic to use,but when the time comes ,i fear our board will vote for the Darnels survival.

     

     

    What a kick in the haw maws,to those who have kept their house in order.

     

     

    I have stated all along that the Darnel will survive this.

     

    TT

  16. Moonbeams WD. \o/ Supporting Neil Lennon 100%. C’mon the hoops. says:

     

    28 October, 2011 at 15:

     

     

    DOING NOTHING IS NOT AN OPTION

     

     

    “For evil to flourish,all it needs is for good men to do nothing” I paraphrase one of my favourite quotes, very appropriate.

  17. My dear,dear,dear,dear,friend..Assetmanager @ 15.31

     

     

    Pal..

     

     

    Ah Know That!

     

     

    Ah wiz jist Shaking the Tree.. when Ah asked that question..

     

     

    and .. It woiked..

     

     

     

    Fur..

     

     

    YOU FELL OOT!

     

     

    Congratulations,pal..

     

     

    The Jiggin” wiz spiffin’.. always is…

     

    Ye didane know tha Ah used tae Be song and Dance Man?

     

     

    Didya?

     

     

    Well , Ah wiz!

     

     

    Nice chattin’ Pal..

     

     

    Kojo

     

    yer pal.. who likes ye aloater

  18. The Spirit of Arthur Lee on

    Hi-diddle-dee-dee

     

    A Rangers’s life for me

     

    A high silk hat and a silver cane

     

    A watch of gold with a diamond chain

     

     

    Hi-diddle-dee-day

     

    A Rangers life is gay

     

    It’s great to be a celebrity

     

    A Rangers life for me

     

     

    Hi-diddle-dee-dum

     

    A rangers life is fun

     

     

    Hi-diddle-dee-dee

     

    A rangers life for me

     

    A wax mustache and a beaver coat

     

    A pony cart and a billy goat

     

     

    Hi-diddle-dee-dum

     

    A Rangers life is fun

     

    You wear your hair in a pompadour

     

    You ride around in a coach and four

     

    You stop and buy out a candy store

     

    A rangers life for me!

  19. We need a live updates thread for this RFC crisis meeting / last supper ;-) It’s like watching the football.

  20. Shelbourne, one of the top LOI clubs with a wonderful tradition and highly successful got into serious financial trouble some years ago as a result of having a fulltime pro squad.

     

     

    Back in 2007 Shels were top of the LOI and were deducted a massive points total and ended up being relegated and selling most of their top players. The club has laboured in the second tier since and look like being promoted to the Premier division this season after being in a football wilderness for the last four seasons.

  21. Steinreignedsupreme on

    LiviBhoy: 28 October, 2011 at 15:24

     

     

    Cheers for that.

     

     

    Good points about Hibs. I think Hearts could vote against it because Romanov is less likely to bow to the media pressure that is certain to come in the coming weeks.

     

     

    Unfortunately, I don’t trust any of them to do the right thing – and sadly that includes our own board.

     

     

    Hope I’m wrong about that though.

  22. TinyTim says:

     

    28 October, 2011 at 15:37

     

     

    “What a kick in the haw maws,to those who have kept their house in order.”

     

     

    thats the number one reason why the board wont vote for the huns to go pretty much unpunished for their cheating. years of doing it the right way, all those unpopular decisions, invalidated overnight.

  23. MWD

     

     

    The level of naivety on the whole Darnel financial position has been breath taking.

     

     

    I am one of the very few posters who have stated all along that they will come out smelling of roses.

     

     

    Just think of all those trophies and Derby defeats ,whilst they piled up that debt.

     

     

    The 30 to 40 defeats ,to them that have broken our hearts.Their 9 in a row ,and countless cup’s.

     

     

    All will stand .

     

     

    It makes me sick to my very core.

     

     

    There will be no consolation in saying i told you so.

     

     

    They are well on their way to another 9,and the bulk of Celtic support have reacted like ostriches.

     

     

    It’s time for CELTIC to get a winning management team ,who can put a championship winning team on the park.

     

     

     

    All the other spin that has come from Celtic and Celtic cyberspace is Bullcrap,and this site has prevailed on it.

     

     

    A very angry.

     

     

    TT

  24. James Forrest is Lennon on

    TinyTim:

     

     

    Surrender to this all you want, bury your head up your backside, get angry at no-one and everyone at the injustice of the world.

     

     

    Some of us FIGHT injustice. We do not accept it as inevitable or fait accompli.

     

     

    Get off your ass and do something instead of whingeing about inevitibility. Until it’s a done deal it’s not a Done Deal.

     

     

    If you want to channel that anger properly … DO IT.

     

     

    I am emailing like mad.

  25. tomtheleedstim on

    Absolutely no mention on Rangers Media.

     

    If this does happen, and I am in the “yes please” camp, they will have sleep walked their way to this situation with the help of the compliant Scottish media.

  26. row z \o/ (O) Mississippi Burnin Nearer Home on

    Kojo

     

     

    Fair doos. If the doomsday re-entry happened and CFC had done everything in their power to achieve a different outcome then I’d take the same attitude as you to my team. But, on a personal level, I couldnae stomach guardians of CFC, when in possession of the hose, failing to push that right down the GA throat. Along with many others on here I’d not keep funding those guardians in the hope that that might bring an end to such a VICHY regime.

     

     

    Like the fitba’ it’s all about opinions. But I think you’ll agree, in the boardroom it’s all about money.

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