There is a degree of relief (in some quarters) mixed with surprise that Hearts creditors have agreed to a CVA, allowing the club to exit administration. Although administration seems to be a natural state for many in Scottish football, remarkably few have subsequently gone to the wall in the last 100 years.
Third Lanark perished in 1967, an exception during many decades of solvent behaviour. Airdrieoneans (not to be confused with the current club by that name, which is the renamed and relocated Clydebank FC) were liquidated in 2002, with the chastising words of creditor Sir David Murray ringing in their ears. Oh how well irony played its hand.
Murray’s own club, Rangers (not to be confused with the current club by that name), were next to be liquidation after creditor, HMRC, stuck by their published rules and rejected a proposed CVA.
Apart from this, a remarkable series of campaigns, such as ‘Well worth saving’ and ‘Save the Jags’ has seen supporters step forward and find the money to save their club from that ominous fate.
There appears to couple of rules if you want to escape liquidation. Try to ensure 75% of your creditor value is owed to shareholder-creditors or the bank. Many clubs survive on directors’ loan accounts, which are ultimately forgiven in administration. Banks too have been reluctant to kill the local totem, with good commercial reason.
The major thing to avoid appears to be breaking tax law. HMRC are prevented by its own terms of business from forgiving tax debt which has been run up through illegal tax evasion. This was the case at (original) Rangers, who conceded some of their tax dealings were not legal during 2012’s Lower Tier Tribunal. The balance of cases are disputed and currently subject to an Upper Tier Tribunal.
Hearts success makes for an interesting SPFL Championship race this season. With three games to go Dundee hold a two point advantage over Hamilton. The winner will go up, second place will face a play-off, but neither club will fancy fighting Hearts for promotion next season. I can imagine the despair elsewhere to the news that Hearts will be a Championship club next season. Poor Ally will need to get his game together.
Remember, John Hughes will be on CQN tomorrow morning. Tune in with your questions for him.
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67Heaven … I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors
As a wise old nun once told me ” You can wear slippers or carpet the world.” I’m wearing slippers on this one.
I’ll make a prediction. Once the whole truth comes out, not just the financial doping by BoS, or tax evasion but the attempts at covering it all up by the SFA, the LNS Commission (what a lie that is btw) , the smsm and lies told by CW’s Rangers, then by CG’s RIFC/TRFC, the last thing anyone will want it is to be associated with that revealed memory or its history.
In fact the truth is so unbelievable we will be accused of making it up, yet the evidence is all there right now, but no one wants to look for fear of what it reveals about Scottish society.
The Battered Bunnet
13:52 on
16 April, 2014
Josh McEachran
21 years old, centre mid, graduate of Chelsea’s youth academy.
Has made 11 appearances for Chelsea since turning 16.
Made 4 appearances on loan for Swansea and then 38 for Middlesbrough in the Championship during 2012/13.
Spent the first half of this season on loan at Watford where he played 7 times. Switched loan to Wigan where he’s played a further 7 games.
That’s 56 appearances career to date, and just 14 this season.
He is paid £38,000 per week, by Chelsea (mostly). That’s £2M per year. At 21. And he’s not yet good enough to play for the club.
Absurd
————————–
Hard to disagree but…
I know his old man and to mangle-quote Field of Dreams..
“if they will pay it he will come”
Or mangle-quote again ..
“What would Scooby do”
HH
Libertadores. Last Sixteen.
+++++++++++++++++++
First games are tonight……
Lanus (14) v Santos Laguna ( 3 )
Lanus, currently in 4th place, two points off leaders, Estudiantes in the Argentinian Clausura handed out an away 4-1 spanking to San Lorenzo at the weekend. Both teams showing the exertions of their previous, midweek performances. However, Lanus seemed to be better organized in terms of depth of squad and ended up winning the match quite comfortably. This result will certainly buoy their confidence for the game tonight.
Lanus still without captain Paolo Goltz have a few injuries and are forced to look, prematurely, for big things from youthful midfield duo, Marcos Astina (18) and Jorge Valdez Chamorro (20) who have performed well for Lanus this season.
Finally, it’s a wee statistical Libertadores oddity that teams (like Lanus) who’ve qualified in second spot with only eight points have never made it beyond this stage of the competition.
Santos (4th in Liga-Mx, 9 points off leaders, Cruz Azul) also involved in a high scoring game at the weekend, when they relegated Atlante with a 4-3 home win and took a step closer confirming a league play-off spot. Darwin Quintero scoring a hat trick in this one.
Quintero along with strike partners Oribe Peralta and Andres Renteria in particular fine form at the moment. Marc Crossas must’ve done something right in last week’s 3-0 defeat against Arsenal in Buenos Aires, as he’s also in the squad for this game tonight.
Prediction – This will be tight, but I fancy Santos to JUST edge it.
AWAY WIN (55%)
Léon ( 11 ) v Bolivar ( 6 )
These two teams played each other in the Group stage, with Bolivar snatching a surprise 1-0 victory on their last visit to Mexico.
Léon lost 2-1 at the weekend in a match that virtually ends their championship hopes (they are in 15th position in the league). However, Argentinian manager, Gustavo Matosas didn’t seem to perturbed about that (they fielded virtually a Youth squad) and spent more time underlining the fact that now was the time for youth in the National tournament, while his full squad would remain focused on the Libertadores. Striker, Mauro Boselli promising that tonight they will not slip up and will seal this game, convincingly, tonight.
Bolivar, currently fourth in the Bolivian Clausura, 5 points behind leaders, San Jose, recorded a solid 2-1 away win to Wilsterman’s at the weekend. Bolivar are a well drilled team who follow veteran Basque coach (the man who took Bolivar to their only World Cup finals in ’94), Xabier Azkargorta, game plan’s rigidly.
Bolivar have a full strength team tonight, bolstered by the return of Damir Miranda in centre mid. However, the performance of Bolivar keeper, Rómel Quinonez (21) who is attracting a lot of transfer interest right now, maybe a key in this game.
Prediction – Léon slipped once before, don’t think they’ll make the same mistake again.
HOME WIN (65%)
Cruzeiro ( 10 ) v Cerro Porteño ( 7 )
Cruzeiro, unbeaten at home, with a total of 13 goals are the highest scoring team in the tournament. Cerro have Julio dos Santos with 5 goals (3 of them pens) the highest scoring player in the tournament.
A full strength Cruzeiro side held onto a 0-0 draw against main rivals, Atletico-MG to win the Minas Gerais State championship on Sunday. However, Cruzeiro have key players Dagoberto and Goulart (with 4 goals, their top scorer) out tonight. That being said they have able replacements in Willian and Julio Baptista. Also, under particular scrutiny will be their Paraguayan left back, Miguel Samudio, just back from suspension.
Cerro in 7th place in the Parguayan Apertura with 9 pts drew 3-3 with fellow mid tablers, Rubio Nu on Saturday. Cerro now have gone seven games without a win, but fielded a mixed side for this game.
Cerro flew to Brasil with a full squad of 20players for this game and trained earlier today in the Minerão where a 50,000+ crowd is expected for to night’s match.
Prediction – The loss of Goulart main worry for Cruzeiro here. Cerro likely to park the bus.
HOME WIN (60%)
….only one game tomorrow night.
67heaven … i am neil lennon, supporting wee oscar..!!.. ibrox belongs to the creditors
Thanks mate , that’s something you won’t see very often , me and eloquently in the same sentence :-))
Hamiltontim is praying for Oscar
14:57 on
16 April, 2014
In my opinion The Living Wage resolution could have been passed had a less confrontational approach been taken.
Res 12 is not in the long grass, not by a long grass distance.
Walfrid88@12.38
Good post. ,”they are a new club,…….’Celtic should not be complicit in perpetuating the lie”.
We expect more from our club. We also owe it to those who have supported our club and unbeknown to them have been CHEATED out of titles, cups and more latterly Champions league revenue by a club that refused to pay its taxes and used illegal means to gain a COMPETETIVE advantage. Some of these supporters are no longer with us and even though we knew it was going on we did not have the proof. Now we have the proof and we are reluctant to use it.
Does anyone seriously think that the SFA would have came after Celtic for billing the U17 game as Celtic V The Rangers. It would have done nothing more than highlight the hypocrisy of the SFA with regard to the NEW club.
We also need to take on the SPFL with regard to their website describing the 3rd tier club as being in possession of 54 titles. If they want “their history” then they should have paid their debts. They didn’t and as a consequence they died. We owe it to all of those past supporters mentioned above who were not around to witness their demise to REMIND them at EVERY opportunity that The Rangers are a new club.
I expect no less from my club who have played by the rules and suffered for it AND it does matter what we call them. If we continue to refer to them as “Rangers” we confer a legitimacy on all of their underhand tactics such as the 5 way agreement et al to pretend that nothing ever happened and that they are the same club.
leftclicktic We are all Neil Lennon
Re buying another copy of the SEVILLE book.
We are happy with you buying direct from the Celtic stores or from CQN whichever is easier for you!
I’m glad you don’t want to part with your copy, it is a very special book. Hope that many more supporters will be buying this book this year.
Mountblow,
Being a tim from Wishy down here in Alabama, what was the name of the person from Wishy if you don’t mind me asking.
Hail Hail everyone
drambowiecelt
14:41 on 16 April, 2014
Re.. Missing the monkey’s.
Iv’e never heard anyone officially,unofficially from their cabal, even hint that their missing playing Celtic,
miss the competition, blah blah feckin blah.
It’s only us mugs that spout the verbal ammunition.
Hopetheyneverdarkenourdooragaincsc.
I don’t think the SMSM ask them if they miss Celtic but it’s always on the tips of their tongues when it is Celtic players/fans/employees being interviewed.
Not asking for Celtic to go the extra mile on this subject,just want them to print the truth.The dead club are officially known as The Rangers International Football Club.Why call them their dead name.?.Who could possibly offended ?.Yeh,we know the answer to that.Still should not stop our club helping to perpetrate the ridiculous myth.
As for the steady stream of brain dead players,telling all and sundry,how much they miss them,they should be told,at the game,just what the fans think.And I mean personally.
Leftclick… Thanks, hadn’t seen it and not as juicy as I hoped.
HH
FourGreenFields 14:33 on 16 April, 2014
“Why are the NEW club allowed to claim / not challenged when they claim the OLD clubs history if it breaches the Insolvency Act 1986 ?”
Good points. It could be none of the creditors who were robbed of their money by RFCPLC have notified the relevant body on this matter.
But you have to remember the outcome of the big tax case has still to be decided. Should the decision favour HMRC then the use of the name, the symbols and the claim to be the same club could have catastrophic consequences for Sevco. At the very least Sevco will have to drop the pretence and be very public about it.
The accounts that were made public by Sevco last week stated: ‘club incorporated 2012’.
Auldheid
We agree on most things, some we have a slight gap. others a cavern.
Re the getting away with it.
THE REFEREES are still giving them a helping hand every game they play.
The sfa are still breaking the rules for them.
As I have said before, and I will keep saying it……….
Sort the referees first and foremost, and then everything else will fall into place.
I want our game back, we all want our game back, though in scotland it seems that a level playing field is too much to ask for.
Why are the club not pushing for a fair, honest and transparent refereeing system ?
They have nothing to lose and everything to gain.
Sort the referees, sort the problem.
HH
Auldheid
I know a thing or two about grass if you’ve read my earlier post!
I’ll go and check if you’re resolution is there and get back to you :-)
boondock saint
His name was Jim Dolin
MT
Hail Hail
.
This Rangers Oh Yes they Are..Oh No their Not debate..Reminds me of a Barney l had with the Owner of My Local (Watering Hole)..
He: The Owner..Said l was ‘Mental’..
Me: The Mentalist..Said..”Ye can Stick Yer @rse Up Yer Pub..I can get a Drink Nowhere..
Me: Again..I wont set another Foot in Here till You Apologise..
Him: Your Nuts..
Me: So the Next week l stood Outside and My Pals put My drink on the Window ledge and l spoke to them when the were going in to the Bookies,,
Narrator: The Following Week The Publican fearing he would get More ‘Window Lickers’ apologised Profusely..
Later that Night we were All the Best of Pals again and he asked if l was Staying for a Stay Behind..
Me: Sorry it’s After Midnight l am Off Drink for Lent..
Him: Your Mental..
Narrator: And he Spent the Next Six weeks Drinking Lemonade from the Windowsill..
Summa
Hamiltontim is praying for Oscar
If you find it then its a tribute act. We know just where the real one is.
THE EXILED TIM
I agree but first you need to change where the referees get their authority from which is the SFA, so to get referee reform you need SFA reform.
Auldheid
No you don’t.
The sfa are never going to reform, but they may consider an overhaul of the refereeing system.
If they refuse, questions have to be asked as to why, and what have they got to hide.
Simples really, it could be done at the next sfa board meeting.
HH
THE EXILED TIM 15:24 on 16 April, 2014
I understand your point regarding referees. I watched the Sevco match on Saturday. Foster wasn’t even booked for a red card challenge on Armstromg. McCulloch wrestled Mark Wilson round the neck and dumped him on the deck at a Sevco free-kick. Not only did Madden not book Elbows, he awarded a retake of the Sevco free-kick. Dundee United were denied the definition of penalty kick. I could go on.
But here is the problem. Celtic had no involvement in the match. Celtic have had no involvement in any Sevco games. On what basis can they make demands? Surely Dundee United should be kicking up a fuss? Albion Rovers didn’t complain either, and we’ve all seen that decision.
No matter how annoying it is there are no grounds for Celtic getting involved.
THE EXILED TIM
“The sfa are never going to reform”
Unless there is another course of action rather than just reform, because of resolution 12 por cierto.
boondock saint 15:16
Alabama? Are you in LA? (Lower Alabama). If so, whereabouts?
The 14 most ironic misspelled tattoos ever inked
https://uk.news.yahoo.com/14-most-ironic-misspelled-tattoos-ever-inked-112407307.html#d3ioHqk
Spot the Hun Tattoo.
steinreignedsupreme
15:44 on 16 April, 2014
Shouldn’t Celtic”s chief executive ask on behalf of Hun opponents the perceived bias of their ordained referees?
He is a member after all.
Margaret McGill 15:58 on 16 April, 2014
“Shouldn’t Celtic”s chief executive ask on behalf of Hun opponents the perceived bias of their ordained referees?
He is a member after all.”
Not if the opponents are saying nothing about the perceived bias.
Albion Rovers and Dundee United had opportunities to complain about decisions in those games and they opted not to.
Help.
The guy sitting beside me in work dry shaves himself with a bic razor at his desk three times a day, takes off his shoes to share his feet odour, eats five smelly meals a day at his desk with his mouth open, sits with ear plugs in and growls at anybody who makes a noise.
Any suggestions for help welcomed.
Fear of fines they can’t afford maybe?
The fines that Celtic pay regularly.
istanbulcelt
Hilarious!
‘Respect Are Culture’. I could just close my eyes and hear it!!!
HH jamesgang
The referees supervisor only had one criticism of Madden from the Scottish cup semi final, that was his inaction over the Foster assault on Armstrong, he was praised for his allowing the game to flow approach……………………
the honest mistake loves being first
16:05 on 16 April, 2014
Hydrogen sulphide
THE EXILED TIM
On what basis will a case for referee reform be made? If it only comes from Celtic them no matter how much the case is evidenced it will be viewed as serving only Celtic’s interests.
However if it came from the SPFL which means all the clubs acting together on the grounds of good for the game improvement then that is an entirely different matter.
The SFA would find that harder to argue against but then again Celtic might not be able to get the needed support from the rest of the league.
The SFA would need to be open to the issue and how it was presented then becomes crucial hence the need to soften them up as well as garner support.
Steinreignedsupreme
16:04 on
16 April, 2014
Did Albion rovers and Dundee Utd make private approaches to John Fleming or Stuart Regan at the SFA ? regarding the refereeing during both matches you refer to who knows !
More likely is the pragmatic approach as like me know its pointless considering the SFA referees will ram it back at you for complaining
The Honest Mistake loves being first
16:05 on
16 April, 2014
Help.
The guy sitting beside me in work dry shaves himself with a bic razor at his desk three times a day, takes off his shoes to share his feet odour, eats five smelly meals a day at his desk with his mouth open, sits with ear plugs in and growls at anybody who makes a noise.
Any suggestions for help welcomed.
==================
Why didn’t you say? I’ll just move desks.
Margaret McGill 16:06 on 16 April, 2014
“Fear of fines they can’t afford maybe?
“The fines that Celtic pay regularly.”
No idea.
Unlikely anyone would be fined for stating they though the goalkeeper was fouled, or they thought they should have had a penalty.
Terry Butcher wasn’t fined when he said he thought Hibs were denied a stonewall penalty against St Mirren, and when he thought they should have had a penalty against Celtic, or when he thought it was a terrible decision to give offside when they scored against Hearts.
And he was right every time. But Hibs haven’t asked for an overhaul of the system.
We all have our own thoughts but bias is very difficult to prove.
Auldheid,
Very good LOL moment cheers :))
steinreignedsupreme
16:16 on 16 April, 2014
We all have our own thoughts but bias is very difficult to prove
+++++++++++++++++++
Planet Dermott I’m guessing
LOL
The Honest Mistake loves being first
16:05 on
16 April, 2014
Help.
The guy sitting beside me in work dry shaves himself with a bic razor at his desk three times a day, takes off his shoes to share his feet odour, eats five smelly meals a day at his desk with his mouth open, sits with ear plugs in and growls at anybody who makes a noise.
Any suggestions for help welcomed.
==================
Why didn’t you say? I’ll just move desks
“……….
Find a new job
Whataboutery
Sowhatery
Whatnextary
Hunnery