Last week we shone a light on why newco may have withdrawn their ill-conceived rant against Dundee United over the SFA’s award of £204k to newco as Training Compensation for Charlie Telfer signed out of contract.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may or may not have said “You’re only two years old” when offering a lesser figure for Telfer, but whoever penned the withdrawn statement for newco, they missed the point.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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South Of Tunis
Tell him he’ll be collecting his winnings on Friday and that he has to buy a CQN Annual – http://www.cqnbookstore.com !!!
Joe Filippis Haircut (12:43), the question is… would Anya be any worse?! Get rid of those failed projects and try afresh. Anya has looked pretty decent on the few occasions I have seen him play (mainly for Scotland).
On a separate note, here’s a bit of lazy journalism from the Glasgow Evening Times:
“ON-LOAN Celtic striker John Guidetti has insisted that the Parkhead side can WIN the Europa League.
The Hoops have been paired against Italian giants AC Milan, with the first leg taking place on February 19 in Glasgow, before the return tie a week later in the San Siro.”
http://www.eveningtimes.co.uk/celtic/guidetti-believes-celtic-can-lift-europa-league-trophy-192159n.114752342
And Paul, at first glance I read the title as “Ratners regret…”. Mind you, Rangers, Ranters, Ratners, they’re all much of a muchness… fleecing the gullible of their cash for a third rate product.
WHITEDOGHUNCH
No problem,my epicurean pal. I’m pretty sure he’ll be back there soon enough. He’s fairly running up the airmiles these days,poor sod.
Tell you what,if next year is like the last few,where my sister and niece barely see him,I’ll let you know where he is and if possible you can recommend a fine place to visit.
Might cheer him up,he hates being away from home. (My sister should nag him more often,his trips abroad would be like a blessed relief then. But no,she only nags her Dad and brother,haha!)
it shows how they stole the soul of scottish football,
lns partial and flawed outcome
contrasted with
Sqiintedalloas money due for continually blessing board members.
all the while dave murray owns
the mess,has he said its a new club? like donald and dave..lol
Doing my daily catch up on the fabulously exciting world of accountancy – I spotted this from Accountingweb:
The former administrators of Rangers Football club have agreed to stop insolvency work during a police investigation into their alleged fraudulent activity.
In a statement the Insolvency Practitioners Association (IPA) said David Whitehouse and Paul Clark have “accepted formal undertakings that they will not take any new appointments with immediate effect, and they have voluntarily transferred all current appointments to other practitioners.”
The body said it has a duty to act in the public interest and ensure that those of its members who are authorised to take insolvency appointments are “fit and proper”.
“These are interim steps and not a sanction on their conduct as no decision has been taken in relation to their fitness and propriety,” the IPA said. “The measures are however necessary in the public interest, to protect the reputation of the insolvency profession and the association whilst the Scottish police carry out their investigations into the serious charges which have been brought.”
Whitehouse and Clark, of insolvency firm Duff & Phelps, appeared in court in November, charged with fraudulent activity after a probe into the sale of Rangers Football Club in 2011.
mullet and co 2
Mate are you saying that you endorse Celtic’s endorsement of the five-way-agreement?
kitalba
12:08 on 17 December, 2014
I’ll try to find something on it…..if the SFA took unilateral action without the majority of Club’s agreement, then that in itself is a breach of their remit…
Paul67
I did wonder what prompted the SPFL to finally try and impose the only sanction placed on RFC for 10 years plus of ebt use (excluding of course the illegal ebts used in 1999, 2000 to 2003 that, like the war, gets no mention in German company, gets no mention by SPFL or SFA. The same ebts of which HMRC declared in this extract in bold
http://kerrydalestreet.co.uk/single/?p=13318010&t=9208558
were ” fraudulent”
The SPFL know by now that their Commission investigating ebts was misled and that they were lied to in 2012. They have been lied to by RIFC since, who have no intention of doing anything honourable.
The BIG issue here is not the money, the big issue is how can Scottish football continue to allow a club who have consistently lied to the rest of the game to be part of that game?
There is no possibility of restoring trust in Scottish football as long as RIFC are being pandered to or being seen to be pandered to.
It is high time RFC/ RIFC were called out.
The evidence so far on wtc ebts, BTC ebts and UEFA 2011 licence is that they operate through deception, but like a battered wife refusing to call a halt to her abuse, Scottish football still allows that abuse to continue.
I doubt there is a plan as such for a Third Rangers but don’t discount it could happen by circumstance. However whether it’s Third Rangers or Ashley Rangers they must be made to act honestly by the rest of Scottish football rejecting them until they provide signs that they will.
With more clubs in improved financial circumstances there is not a better time to force the issue. Tell RIFC or Third Rangers “If you want to play in Scottish football, play by the same rules other clubs do or sod off”
BigChips:
Compare and contrast
“ON-LOAN Celtic striker John Guidetti”
Celtic’s racist winger Alex Tonev.
The word for ****.
Lots of Poles , Serbs , Romanians , Russians , Bulgarians , Albanians etc in my neck of the woods .
The c word is not unknown — phonetically —–PEEZHDOO
Yogiy, don’t blame me,I voted Yes.
11:32 on
17 December, 2014
You voted yes – don’t blame you for what?
We have the highest employment and the lowest unemployment
Inflation at an all time low
We still have a currency
We still have a shipbuilding industry
We still have a banking and financial services industry
We don’t have high interest rates
or maybe you want to accept the blame for:
NHS in a mess
Missing cancer waiting times – time after time
Tax system in a mess
Class sizes rising
Teacher numbers falling through the floor
Oil price half your lot’s ‘joke’ figure
35,000 jobs going in North Sea
Change your ‘handle’ – you and the 44.6’rs are a laughing-stock
mullet and co 2 (12:51), who says that they won’t be promoted?…
Do we belileve that the likes of Partick Thistle, Motherwell, Ross County or St Mirren will beat Rangers in the SPL/Championship play-off at the end of the season? We already know the outcome if Kilmarnock are involved.
And even if the SPL 2nd bottom club do prevail, there is still the prospect of an emergency league re-structure!
67Heaven:
It really is quite simple, all Celtic have to do is tell us all, on their official site, that they did not endorse the five-way-agreement…………………… or anything remotely like it.
Simples.
Then we can all sleep better at night knowing our club did not sign us all up, by proxy, to a ‘cheats charter’.
Kitalba,
Meantime, Canamalar or Aulheid would possibly know, since they are our reps into CELTIC on Res 12 ?
Nobody should worry about SFA pandering to Newco(mers)……
Nothing or nobody can save them from themselves imo.
They are on a self destruct mission that can not be aborted no matter who tries to stop them…
67Heaven:
Mate, I’m not going to push you on it or try and petty point score, but you said your information was that Celtic abstained….
I don’t believe they did and I’ve never heard anybody say differently until your post.
Auldheid:
Do you believe Celtic abstained re the five-way-agreement?
kitalba
13:01 on 17 December, 2014
Absolutely, but Celtic’s policy has always been to stay stump on all things sevco, and concentrate on developing / managing our own Club …….. I tend to believe that we should have gone for the jugular …….. That corrupt oldco 3 in a row still rankles with me, even though it means nought now
canamalar:
Do you believe Celtic abstained re the five-way-agreement?
auldheid
Tell all the other clubs in the SPFL and the SFL and there supporters to tell that lot to get there house in order, because as usual it’s only one club doing the watch here us, Celtic, unless the rest get on board things will never change, so don’t blame us or the celtic board, we are a big club, but only one voice in Scotland.
kitalba
12:53 on 17 December, 2014
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.
~~~~~~~~~~++~~~~~~~~~~
I can only swear in English and sadly do so far too often,tbh.
But in my defence it’s the only time these English bassas understand me!
Stumpe = stume….. Hahahahahahaha
kitalba
13:06 on 17 December, 2014
Never thought for a moment you were trying to point score etc ……we need to get to the bottom of this, and if I find out CELTIC agreed to the 5 way agreement, I will have a serious decision to make …… !!!!!!!!!!!!
Was in Glasgow today – so did a bit of Christmas shopping in Celtic shop…. Love the bags they provide:
‘all profits are reinvested back in to your club’
Hahahaha
Equally amused by my ‘you’ll never walk alone’ dog lead….
67Heaven:
I really can’t say it often enough, I don’t give a monkeys about the huns, I’d welcome them back as long as they play by the rules, both sporting and city.
It is only an accident of birth that I was born a Tim and that road of accidents is a two way street.
It is the SFA that is our problem as far as I’m concerned. It is a corrupt establishment founded by – public money – that should concern us all, even the fake and faking perceived victims aka new huns.
kitalba
13:06 on
17 December, 2014
67Heaven:
There wasn’t a vote on the 5 way agreement. The management of the authorities involved had the power to sign it without seeking approval – Scot’s Law Thoughts – para below pic
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS :
Even though I can swear in a few languages, when losing the plot whilst playing against non-Scotsmen, I would never immediately resort to their language to curse them, I’d always do it in Glasgow vernacular, even when I’d spent years longer in country than Alex Tonev has done here.
Afternoon Timland from a warm ish hun free mountain valley.
Kit
I have no recollection of Celtic abstaining, in fact, only going by what Pedro has said, and Dermo has said about wanting thems back, I would wager they were party to the agreement via the SPL channel.
HH
………………………………………………………..
TD67
You seem to forget that it was the supporters of Dundee Utd and Aberdeen that told their clubs, that any hun in the SPL, no season tickets would be bought, the 1st div clubs them said no to the 1st div, hence the bottom league.
At no time did Celtic say anything, nor did the support, we were all too bust laughing and eating jelly and ice cream.
Sadly, it’s all about the money, the bigot pound, integrity disny get a look in.
HH
By good fortune I found myself sat beside a couple of Tims on the train down from Aberdeen to Glasgow last night – Davie from Falkirk and Banjo from Knightswood. They were returning from a stint working on Shetland.
Banjo told the most amazing story about Seville – one of the best I’ve heard. The journey flew past.
Great being a Celtic supporter!
kitalba
13:11 on 17 December, 2014
As far as I am concerned it is, and always has been, derhun…….they are hate-filled, corrupt, elitist and need to be expunged from our society……most regrettably, a forlorn hope …HH
This is Celtic Quick News, isn’t it? When are we going to have an open debate Paul on the five-way-agreement and the part Celtic did, or did not, play in it?
I’m totally sick of all these Rangers leaders whilst we have our own fundamental issues to resolve.
Or don’t we ever want to talk about our own real issues?
Is that not allowed anymore.
I here there is no longer any toilet paper in the toilets at Ibrox….
KITALBA
Yes,mate. So would I.
But I believe that is known as The Amoruso Defence,and has been largely discredited!
winningcaptains @ 12 53 .
My old man didnt get his info from you ——- he got it from his Sikh pal who is a big Deady Bears man.Sikh man will be rewarded with a bottle of Old Pulteney .
Does embdae on here actually think that, Regan & Co will stop Ashley putting more money into the huns? No me neither.
Not sure what Ashley’s end game is re Sevco right enough…..
weeminger:
A lot of hypothesis in those sentences.
Grant Russell@STVGrant · 60 mins60 minutes ago
Not announced to stock exchange yet but Rangers International Football Club plc yesterday appointed Matthew Wood as their secretary.
Stewart Weir@sweirz · 48 mins48 minutes ago
#Rangers International Football Club PLC has appointed Matthew Wood as their secretary. How naughty has he been to get that for Christmas?
Grant Russell@STVGrant · 54 mins54 minutes ago
One of Matthew Wood’s skills listed on the CMS Group website is “Secondary Fundraisings”. Quite.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS :
Then default to the default…
he’s wearing the hoops… he’s guilty.
Guilty of what?
Who cares, he’s guilty.
weeminger
13:13 on 17 December, 2014
That statement States that the SFA had the option not to ask the Clubs to vote on it …….. I will need to check further into THIS, since I will be VERY disappointed if CELTIC allowed the SFA to ‘walk all over us’