Last week we shone a light on why newco may have withdrawn their ill-conceived rant against Dundee United over the SFA’s award of £204k to newco as Training Compensation for Charlie Telfer signed out of contract.
Where Training Compensation is disputed, the SFA are obliged to award the losing club the entire amount of money due according to the set scale, from when the player was still at school. The club which receives the money is then obliged to pay any earlier clubs the according to period they developed the player.
This is where Rangers’ liquidators, BDO, come in. Rangers membership of the SFA expired in August 2012, just a few weeks after newco began life with a cup-tie against Brechin City, but Rangers were the club who developed Telfer between 2006 and 2012, so they are entitled to make a claim on the money newco will collect on their behalf.
It’s unlikely Dundee United have already paid newco, so if newco dispute they owe oldco Rangers this money, BDO are likely to ask a court to freeze the transaction before it is fulfilled. United would be unable to discharge their debt by paying newo until the court made a ruling in their favour.
United chairman, Steven Thompson, may or may not have said “You’re only two years old” when offering a lesser figure for Telfer, but whoever penned the withdrawn statement for newco, they missed the point. Someone should have advised newco, “You’re only two years old, take the money on offer and don’t push for an explicit Training Compensation figure.”
Cognitive Dissonance alert, we now face the possibility of newco paying a football debt to oldco.
In the same article last week, we brought up the subject of Rangers’ as-yet unpaid £250k fine for the illegally avoiding tax and breaking player registration rules. The fine, levied by an SPL inquiry, is almost two years old now. As part of their SFA membership application, newco agreed to meet all football debts, but there was previously insufficient motivation from the SPFL, who assumed SPL assets and liabilities, to enforce the fine on newco.
I hear that attitudes changed the instant newco attempted to rub people’s noses in the dirty stuff with that rant on the Telfer decision.
You can also order the CQN Annual and DVD bundle here. It’s a great offer, check it out – tons of great reading and photos on your favourite indulgence.
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Inter .
Italian fitba media are speculating that the purse strings are going to be untied at Inter .
Todays La Gazzetta dello Sport quotes -Michael Bolingbroke ( CEO Inter ) saying this –
” We have to respect UEFA parameters but our priority is to give the squad and the Manager the necessary for returning to the Champions League. If the Manager wants the team strengthened , we will find the way to satisfy that need .-But -I want to be clear that we will act in accordance with the restrictions of Financial Fair Play “.
General view in Italy is that an automatic CL place is out of Inters reach and that a play off place is a very tough ask – therefore ——- the only way Inter can get a CL place is to win the Europa League.
I remember with shame when Jabba told us that Celtic had a ‘gentleman’s agreement’ with the old Rangers vis-à-vis paying each other the money up front for reciprocal tickets.
Albeit everybody knew the old Rangers were picking the lock on the knackers yard at the time and nobody in their right mind would have paid them up front for anything.
Celtic made an awful lot of noise about it at the time and told us all in an official communique that they were listening to legal counsel on the issue.
Jabba taunted us… “See you in court”
Does anybody ever remember the outcome of that one?
Imagine if you will, just for a moment, you are a young Scotsman playing in Bulgaria. You are accused of racially abusing a black Bulgarian player who obviously speaks the native tongue. You are hauled up in front of a judicial panel. You decide to defend yourself because you believe you are innocent of the charges. You say you are okay with the language but you are under stress and duress as you defend your honour, your integrity, your morals, your ethics, your professional future and your name. Would you be hesitant in your Bulgarian answers? Would you be guarded in your choice of words? Would your mouth be dry and your eyes scared?
Have the SFA ever walked a single mile in anything other than leather soled brown brogues and have they anything other than prejudiced hearts devoid of any empathetic capacity?
winning captains .
My old man stuck £ 125 on Davies at 8/ 1 . He has promised me ( and Mrs S of T ) half of his winnings as a Chrimbo present -fingers crossed !
weeminger:
I don’t know why but I’ve just re-read Pages 94/95 of Paradise Lost & Found.
kitalba
11:33 on 17 December, 2014
It is my understanding that the SFA could only enter into an agreement like the 5 way agreement, following a vote by the member Clubs to allow them to do so…..in other words, the SFA would adhere to the (majority) decision of the Clubs ….. my information is that CELTIC abstained from that vote…
67Heaven:
Can you point me to that anywhere in the public domain?
I thought the five-way-agreement was a secret? shhhhhhhhhhhh….
Mate silence on the issue equate to endorsement and complicity… don’t you agree?
kitalba
Why do you think we can’t get a sponsor? Would it be because nobody wants to be tainted by our toxic cheating.
———–
Nail on the head there.
adi_dasler –
That would be great. My email is . . .
thomas22641@gmail.com
I’m in Glasgow fairly often so would be more than happy to meet you for a beer or two.
KITALBA
YOGIY
Principles are wonderful things,I wouldn’t be without mine,and,in fact,make sure I get new ones regularly!
I honestly understand your anger over this,if indeed it is the case. But sometimes principles les have to be put aside and noses held in favour of real-politik.
Fight the battles which can be won,not the ones which will bleed you white. Save your powder if the enemy guns can only reach their own front lines.
I don’t like it,you don’t like it. I doubt at heart the members of the board like it,tbh. But TRIFCo are now seen as masters of their own destruction DESPITE all the help they have had to avoid that.
Which sure as hell works for me,lads.
Estadio
if you are still in Melbourne in Jan walk in here and say omakase http://www.minamishima.com.au/
67heaven … i am neil lennon ….the angels are with wee oscar in heaven.. ibrox belongs to the creditors
From the STV site.
Tom
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Rangers told to pay £250,000 EBT commission fine handed to oldco
By Matt Coyle
17 December 2014 07:18 GMT
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Ibrox Stadium
Rangers: Club announce intention to appeal £250,000 SPFL fine.© SNS Group
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Rangers have been told to pay a £250,000 fine previously handed to the oldco for using EBT schemes.
The SPFL has rules that the club should be liable for the fine handed to the oldco for the commission of EBTs.
However, Rangers have announced they will appeal the decision by league bosses and that appeal will be “pursued vigorously”.
In response the league has said Rangers signed a written agreement admitting liability for the sum due.
The revelations were made by the Ibrox club in a statement by the board to the London Stock Exchange on Wednesday.
It stated the SPFL intend to recover the oldco fine from Rangers by withholding broadcasting money and other cash due to the club.
An appeal has been lodged by the Rangers board to the Scottish FA and the SPFL’s decision is currently on hold pending the result of the appeal.
The statement to the stock exchange read: “The board of the SPFL has determined that Rangers Football Club Limited (the “Club”) is liable to pay the EBT Commission fine of £250,000 levied on RFC 2012 PLC (previously The Rangers Football Club plc) (in liquidation)
“The SPFL has also decided that this sum will be recovered from the Club by the SPFL withholding broadcasting money and other sums due to the Club but which are paid in the first instance to the SPFL.
“An appeal has been lodged with the Judicial Panel of the Scottish FA which has confirmed that the decision of the SPFL is suspended pending the outcome of the appeal subject to the SPFL’s right to object.
“The Board is advised that the sum is not due to SPFL and the appeal will be pursued vigorously.”
A statement from the SPFL read: “In February 2013, an independent SPL commission, chaired by the Rt. Hon. Lord Nimmo Smith, fined RFC 2012 PLC (previously The Rangers Football Club plc) (in liquidation)) (“Rangers Oldco”) the sum of £250,000 in respect of multiple breaches of SPL and Scottish FA Rules.
“The Rangers Football Club Limited (“Rangers Newco”) signed an agreement under which they would be liable for sums such as this.
“The Chairman of Rangers FC, David Somers, and on one occasion the club’s then chief executive Graham Wallace, engaged in individual discussions with the majority of current SPFL Board members several months ago acknowledging the liability and suggesting ways of paying the sums due.
“Following such discussions, it was only when no sums actually arrived from Rangers FC that the SPFL Board decided to offset this liability against future sums payable to the club.”
The fine is related to the club’s tax-avoiding Employee Benefits Trust (EBT) scheme and totalled £9m in one season alone.
Former owner Murray International Holdings has largely won two court cases against Her Majesty’s Revenue and Customs over the scheme, with another one planned, but the commission focused on the club’s use of undisclosed side letters to players rather than the legality of the payments.
Newco Rangers assumed liability for the liquidated company’s football debts when the club’s SFA membership was transferred in July 2012 but it was widely thought that the new fine would not affect the current Ibrox regime.
Related articles
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Scottish FA accuses Mike Ashley of influencing management of Rangers
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Two Catholic midwives lose legal battle to avoid abortion operations
Rangers told to pay £250,000 EBT commission fine handed to oldco
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Glasgow flight makes emergency landing after engine fire over sea
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Random Celtic post…
Would anyone know when Celtic stopped publishing the Celtic Football Guide (wee green book) ?
I reckon the last one was 2002 / 03, (and that was a different format) until they started again about 4 years ago – I know not The View published a few in the late noughties.
Any ideas?
Ooooops, sorry didn’t mean to post the whole story again…..
Who would ever write something like this (albeit possibly only a draft)?
4.
If, and only if, the members of the SPL in General Meeting give approval to the registration of the transfer of the RFC share from RFC to *FC pursuant to the article 11 of the SPL Articles, the SPL irrevocably undertakes to take whatever steps are necessary to record *FC as the holder of the RFC Share in the registers of members and transfers of the SPL immediately following of the RFC Membership to Sevco from RFC by the SFA.
WHITEDOGHUNCH
I wish you had posted that a week ago,mate. My brother-in-law has been working over there for the last six weeks.
Hates the place. Disnae know whether to wear a raincoat or sunblock. 30′ in the morning,15′ by noon. Or vice versa.
He’s from Brisbane. He loves the 30′.
He’s lived in Kilwinning for 14 years. The 15′ is summer there,ffs. Whinging Aussie!
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS :
I’m not bothered about the huns, I’m bothered about the SFA, Alex Tonev and the precedent that the SFA have now introduced and ‘robustly’ defended into the lexicon of Scottish sporting justice (sic)
Can’t you see what they have done? Any player, or official, now has carte blanche to accuse any Celtic player of anything.
Let me repeat that… just for emphasis…
Any player, or official, now has carte blanche to accuse any Celtic player of anything.
Nobody needs corroborative evidence or testament… nothing… just accuse and let justice be seen to be done.
BMCUW
I just found out about the place but my own background in Japanese food tells me it is not to be missed
I’m surprised Celtic intend to carry the Tonev case forward at all. While I agree it’s the morally correct thing to do I don’t see what it gains the football club. Given that he has been a peripheral figure since his arrival and (at the moment) appears unlikely to be signed permanently after his loan, Celtic had a very easy out. They could have said “Our association found Tonev guilty and the decision was upheld upon appeal. Celtic will not tolerate racism in any form and have therefore returned Tonev to Aston Villa”. Thus they could have scrambled to the moral high ground and saved a few quid. Normally pretty strong motivators for our board.
I’m not clear as to why they are pursuing it. Bear in mind that he was found guilty without evidence, just one man’s word against another. (Outrageous in my opinion.) Playing Devil’s advocate for a second, there is at least a 50% chance that he did say what he was alleged to have said and we are going through all this heartache for a racist scumbag. I’m not saying he is, you understand.
emdi else get the impression
the rush is on to be on creditors list for admin2
football debt outstanding fine 250,000
Squintedalloas wage 1,000,000
neil alexander 95,000
— non football
wifi company 300,000
—
hh
The SPFL should give the new club a choice:
1. Pay up now;
or
2. All parts of the previous agreement shall be deemed to be null and void. So you are no longer a league club. Goodbye.
kitalba
Imagine if you will, just for a moment, you are a young Scotsman playing in Bulgaria. You are accused of racially abusing a black Bulgarian player who obviously speaks the native tongue. You are hauled up in front of a judicial panel. You decide to defend yourself because you believe you are innocent of the charges. You say you are okay with the language but you are under stress and duress as you defend your honour, your integrity, your morals, your ethics, your professional future and your name. Would you be hesitant in your Bulgarian answers? Would you be guarded in your choice of words? Would your mouth be dry and your eyes scared?
Have the SFA ever walked a single mile in anything other than leather soled brown brogues and have they anything other than prejudiced hearts devoid of any empathetic capacity?
—————————————————————————–
That just about sums it up from here. Ive asked and been told around a hundred times the C word is not in the Bulgarian language either slang or whatever.
He’s a clever lad to have learned this word from a year at Aston Villa.
I think Kitalba answered my confusion while I was typing. “Carte blanche” indeed.
Burgas Hoops:
If you are looking for a pattern of behaviour, why don’t the SFA ask the black players who play for Aston Villa and the black players who play for Celtic, and all the dozens of dozens of other black players that Alex Tonev has played against over the years how often they have heard Alex Tonev use racial language?
There is no pattern of behaviour.
There is no pattern of behaviour.
There is no pattern of behaviour.
When it comes to the SFA however…There is a pattern of behaviour.
My friends in Celtic,
I bow to the more knowledgeable posters who reckon Celtic have backed themselves into a corner and have nowhere to go re : Tonev .
However IMO we must fight this all the way, by backing the player himself through the courts if necessary. And we must then accept that there will be consequences. This is what happens when you are backed into a corner.
This is not only an unsubstantiated slur on the player, but on Celtic in general.
The position at present is that we are backing a “convicted” racist player. Is this position acceptable to club and fans ?
No. We must react the way a large cat would act when backed into a corner and not the way a mouse would act.
This is now about credibility, principles and status, and logic is secondary.
HH. felinecsc.
Burgas,
My colleagues are almost all immigrants.
They all know the ‘c’ word. We all swear in a variety of languages.
Just my experience.
Celtic need to defend Alex Tonev all the way. He has proclaimed his innocence and that is good enough for me. He should know by now what it means to wear the Celtic jersey and Celtic need to show him what it means to be part of the Celtic family.
I don’t give a toss about European sanctions because there is much more at stake here than a football trophies
HH
gsu
One of the possible consequences of Newco stating that they intend to fight the SPFLs attempt to recover the £250 K fine is that the 5 Way agreement might have to be exposed in the light of a legal setting .Nothing like a dispute between 2 of the parties to an agreement for exposing the nature of that agreement
Incidentally,
A very rude word, connected to the ‘c’ meaning, helpfully exists in Russian, Polish and Romanian. I am surprised that it isn’t in Bulgarian.
I have not seen much of Anya so dont know if he would be a good signing or not or even have a clue about how much we would have to pay. The two loan wingers Wackaso and Tonev have not impressed me and I wouldnt want to make them permanent signings we also Have Boerichter and Berget two players who also have not impressed so would Anya be any better ? H.H.
KITALBA
I get that part,and unfortunately if the process has been strictly adhered to,he and the club are in a cleft stick.
Especially if,as has been suggested,CAS only deal with breach of process,and not whether that process is flawed.
Honestly,Kit-I’m as p’d off as you that the evidence on offer was deemed sufficient for such a grievous and damaging accusation. But it is not the fault of Celtic that those rules are in place.
We have one vote,same as everyone else.
Yes,our player is being crucified. No dispute there.
But it is not Celtic’s fault that the rules were strictly adhered to-and interpreted in a way which favoured Logan’s testimony.
As I said,I expect the club to support him in every decision he takes to clear his name over this. And I expect them to do so even if he is no longer our player at the time.
Because,as you rightly say(and LIVIBHOY alluded to earlier re LG)it could become open season on our players. Or any player,come to that.
jonny the tim
11:47 on 17 December, 2014
A small number of Sevco shares, sold today for 17p. Maybe our sharp-suited investor, is cashing in to buy Roubles!
Hahahahahahaha ….brill
Captain Beefheart
Burgas,
My colleagues are almost all immigrants.
They all know the ‘c’ word. We all swear in a variety of languages.
Just my experience.
Mr Beefheart, i’ve not been talking to immigrants, what they learn in Brittland is anyone’s guess.
With all due respect.
67Heaven:
Can you please point me to anywhere where Celtic publicly abstained re the five-way-agreement?
Drafts of the 5 way agreement don’t really expose anything. Well nothing that isn’t already in the public domain about how things work.
I had thought there might be something about the actual ownership of the assets or the intentions for them but I think the SFA are wondering around with their fingers in their ears.
I get the impression now that Rangers appear to be letting the SFA clubs etc down by not getting promotion and the Ashley spectre that patience is over.
Burgas Hoops:
I can swear in quite a few languages, Bulgarian not being one of them, the point is moot, the point is that now an accusation equates to guilt. Or at least it does when selectively applied with prejudice and bias.