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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jesus
the huns about to go bust and we’re fighting, name-calling and digging up old grievances about the g.o.d. any chance of enjoying them going down among fellow tims without fights breaking out all over the place? any chance of getting at least a bit of enjoyment on a friday afternoon out of it all?
How would people feel if it was announced that NewCo would fulfill Rangers fixtures this season starting from 0 points but would automatically be relegated to a new SPL2 next season regardless of finishing position this season?
It’s not really what I’d favour but I’m trying to see some ground between keeping them in SPL and NewCo starting from the bottom. Gives the impression that justice has been done if nothing else.
tomtheleedstim:
Thanks for that mate, and you are correct, and I withdraw the remark.
I am angry though that some of our fans are willing it seems to accept that as if it’s a done deal. If the stitch-up has been done then what is left for us to do but decide our response?
I do not believe Celtic will simply fall in line with this decision. I absolutely believe our club will fight it tooth and nail, but to do it right they are going to need our support and they may even need us to lead the way and get our opinion out there ahead of them.
I am dismayed when I read people meekly accepting this. This is a do-or-die moment, not only for Celtic but for the game in Scotland.
We MUST be resolute and strong.
James Forrest
Accepting whit?
Your Speculatiion?
Oh…
O.K.
Ah suppose we must if we must
DBBIA
The GOD – Generation of Domination, has been downsized to a POO – Period of Opprobrium, to be followed shortly by FART – Forget About Rangers Taxes, and finally BAUS – Business as Usual Scotland
Bournesouprecipe- the ole cracked courgette?
I hear that as a prelude to a possible multi-million pound stadium renaming deal involving a major Chinese industrial giant you’ll be meeting tomorrow in the Ga- Zheng Zhi -Bo.
bournesouprecipe says:
28 October, 2011 at 16:25
Britain’s first £1 million footballer had an awful haircut, and was called Trevor.
Possibly. However Brian Clough maintained that the fee was £999,999 because he didn’t want the pressure of being the first £1m player hanging over him!
UrbanLegend CSC
PLC thinking has nothing to do with Truths or emotions por cierto.
Kojo:
Listen, you and I have nothing to say to each other, alright?
I stopped reading your posts a while ago.
You, mate, are a racist and a bigot every bit as bad as some of the people over on FF.
So don’t post anything to me again.
Ah well, still around I see, always another day to get exited about, good felling though, imagine how good it will feel when they do go down, canny wait.
Rogue
Are they also mocking their own dignified end?
The Exiled Tim:
Haha. I have a feeling you might not have to wait too long fella.
How does this 11/12 votes thing work if Rangers are liquidated? Would that would mean there is no 12th team as surely a non-operational no-existent club would not get a vote? Would that mean only one club would be needed to veto this nonsense and ensure the required 11 votes couldn’t be reached? If that was the case, I would expect that one club to be ours.
Lennon n Mc….Mjallby – Now that isn’t happening apparently.
Reality hits hardest when you least expect it.
Hope you are right James……………..
There is still not a beep on the huns forums!!!! are we getting too excited. Hail Hail .
administrator gets to vote? por cierto
James Forrest @ 16.35
Ah deny all that ye hiv accused me of.
Yep..
Ah goaat your Number pal,
When ye come up against a worthy adversary.
Ye resort tae Name Calling and wild put Doons..
Ah kin mak Ma telling points in any confrontation
withoot resorting to those kinda insults..
James
Calm down with the personal insults eh. You’re well capable of making your point without resorting to that crap.
JF – decades of being browbeaten and cheated with little or no attempt to hide the cheating can do that to a person.
The timing of the appointment of Vincent Lunny is interesting.
As a 50-something lifetime supporter, I have to say that if RFC get away with a simple points deduction and readmission to the SPL with Celtic’s connivance then like many that’s enough for me to throw the hat in. Both my own, and our corporate seats would be terminated immediately.
The people will have been defrauded of almost £50 million in tax revenues, and while many institutions and individuals are guilty of this, never will it have been perpetrated with such shameless affrontery.
Why anyone thinks we need RFC is a mystery to me; if we need RFC to get 60,000 through the gate then I’d rather be one of 15,000 and not have to endure another minute of their detestable existence. Other clubs would hopefully benefit by increased support from those RFC fans who are genuinely interested in football then Scottish football would be a much healthier place than at present.
Ooops looks like I let the cat out the bag …
The Battered Bunnet is Kojo….
Press guys over at ibroke, allegedly.
Is there a story on the go?
:)
Hey JF
Is there a particular department we should address this letter?
Thanks
H.H
RL
Are you serious, they think everything is ok ?
I’ve been barred from FF, called one of their gurus a numpty, don’t like the truth seemingly.
cody, the vote required is a 90% majority, the number of votes is not stipulated.
Whether 11 or 12 get to vote there would till need to be two objections to avoid the 90% holding the day.
However could there be a vote of 10 Clubs for the reinstatement of 2 Clubs at the one time if Hearts have still not paid the wages that were due on 16th October, as SSN were reporting earlier? Guess what, 9 from 10 is still 90%!
Kojo:
I stand by it in every way. Some of the stuff you’ve posted here over the years has been indefensible and I don’t consider you a “worthy adversary” in any way, shape or form. I don’t consider you at all. Your opinion matters to me not one bit.
I’m not going to discuss this matter again. As far as I’m concerned you’re not here. I suggest you assume a similar stance and ignore me.
And I apologise to everyone on the blog who feels offended by my characterisation, but I stand by it.
This place will soon go into meltdown por cierto.
Por Cierto says:
28 October, 2011 at 16:45
Are you sure?
seanbhoy69:
Is that a rumour mate, or a fact? Where’d you hear that?
Interesting to say the least if true!
If all this is going to do is make Celtic fans fall out with each other then we should just quit worrying about them.
I’m still revelling in the warm foggy, fuggy atmosphere of a great second half performance – or – in the context of tomorrow – a great first half performance.
Goals breed goals
Everybody kiss and make up
Everybody that likes Celtic that is…
U
My dear,dear,dear,dear,friend.. The Battered Bunnett.
Thanks ,Pal.
Ye are a gentleman and a Scholar.
Ah hiv only told the truth..
James Forrest is jist Speculating.. he has dreamt up a Scenario,
Which expects his readers to Accept as Fact.
Could be correct.. howevahhhh..it could be otherwise.
Ah wiz jist pointing that oot tae him.
And see how he reacted??
Kojo
yer pal. .who likes ye aloater.
BOAST – for every five celtic spend, we will spend 10.
Rangers philosophy was based on pure greed and drove a model in Scottish football which has brought many clubs on the brink of administration/bankruptcy today.
Rangers have bought titles and glory with money they simply didnt have – THEY MUST BE PUNISHED PER THE RULES OF SFA and UEFA.
I recall the dark days when Celtic were struggling to find a buyer – NO ONE! NO ONE! was speaking of helping celtic let alone offer any sympathy – none whatsoever!!
IN FACT – When Fergus stepped in to save the club HE WAS RIDICULED in the media (remember the turnip).
IN FACT – When Rangers were spending taxpayers money Celtic were accused of biscuit tin mentality
IN FACT – Most of scottish football was jealous of our new stadium and financial security
Rangers have got themselves into this mess , the punishement must fit the crime.
All this nonsense about the death of Scottish football is smokescreen – Rangers will be back , just like Juve. In the menatime , clubs like hearts, hibs, aberdeen etc.. would get stronger with the extra euro money.
BOAST THEN BEG!
To be fair to oor Jamesy,its a sensitive time on the ole blog,I’m sure top cqn’ers Tiny Tim and Kojo can see that.
Surely any major event over at the bigot dome would need to be reported to the stock exchange before being made public?
Seems odd that things would be happening so late on a Friday afternoon
For anyone (most everyone) who missed the drama on BQN last night.
St Louis Cardinals beat Texas Rangers in game 6 of the World Series to tie the series 3-3 and force game 7 tonight.
In a remarkable comeback the Cards were 2 down with 2 out in both the 9th and 10th innings.
Home town boy Freese hit the 11th innings winner for St Louis with a dead centre home run.
The drama resumes tonight on BQN at 8PM EST 1AM CP time.
‘GG
James Forrest
So
Ye stand by a Lie?
Hmmmmmmmmmmm
Lennon n Mc….Mjallby:
Sensitive it may be my man, but the alcohol is on ice!
The debate over their reinstatement can be had, and will be had, but first … I am going to open a bottle of Jack Daniels I’ve been keeping up on the shelf since Xmas.
The first one is for my Gran, who isn’t here to see a day like today.
Miss her loads. x