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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Strange how Butcher never gets hauled up,including smashing a dugout,go figure…..
The Honest Mistake loves being first
Put a mirror on your desk facing him. When he sees himself he will stop.
LB
Auldheid.
I did but you’ve got earplugs in.
Lol.
Livibhoy.
He’ll use it to improve his dry shave experience.
Due to a combination of Hols + Injuries there is an opportunity to display your footballing skills at the Thursday night 5’s, 6pm Scotland Street, look out those old plimsolls and join in !
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.
___________________________
Where as if he were picking up £8,000 at Southampton, Hull or a club of similar stature, the lad would probably be on his way to becoming a very good player just about now. Unfortunately for him though, he will probably be picking up between £2,000 – 4,000 in League 1 or the Championship in a year or 2.
So Heisenberg and Schrodinger are driving home after a night out and get stopped by the cops.
Cop: do you know what speed you were doing exactly?
Heisenberg: Exactly? Well no but I can tell you where I was as a function of time?
Cop: Right give me your keys.
Cop takes keys walks around and opens boot.
Cop: Heh! Do you know there”s a dead cat in here ?
Schrodinger: Well I do now!
JPT’s response and and my reply….
John Paul,
Thank God for that…..!!!!! ,……. It allows me to go back to my theory that Celtic are saying / doing nothing since they are fully confident, as I am, that sevco will not survive beyond May.
However, glad that I was able to forewarn against any ‘nonsense’ from our Board …… It is vital to ensure that the Board know exactly how strongly the fans feel about all this, and that we are kept ‘on Board’….! HH
Sent from my iPad
On 16 Apr 2014, at 08:50, John Paul Taylor wrote:
Good Morning Xxxxxxxx,
Many thanks for your email, Celtic Park is a neutral venue for the City of Glasgow Schools, Glasgow Cup Final. The venue is selected by rotation and this year the venue is Celtic Park and we are provided the match details by the organisers, in this case Glasgow Schools FA. We are merely fulfilling our obligation to promote the match as instructed with the details provided.
I hope this helps clarify.
Best regards
John Paul
John Paul Taylor
Auldheid
I was curious about your earlier comment regarding the Living Wage and your belief that it would have been passed at the AGM had the proposal been out in a less confrontational manner.
This doesn’t square with the fact that Celtic plc had actually encouraged the proposal to be voted down PRIOR to the actual AGM taking place.
My understanding was that Celtic initially were in favour of the proposal and that discussions had taken place for up to 6 whole months in the lead up to the AGM.
For some reason Celtic then pulled their support.
Why?
“I haven’t practised enough in marathons this year,which won’t help me in the long run”
Mo Fara
desertbhoy
16:23 on
16 April, 2014
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
“……….
Make a record of everything that you believe to be inappropriate. I’m pretty sure that everything you just mentioned is prohibited in the workplace, especially during work hours.
If grassing ain’t your thing (if you can call it that) then just make a video & post it on YouTube.
^& Heaven
Received exactly the same worded reply from JP. Having been referred to me by my Christian name, I thought that JP had read my e-mail. It would appear that we are all being foisted off with the same reply. So did JP actually read our concerns?
Sorry, 67 Heaven
To be is to be perceived – Berkeley
To be is to do – Sartre
Do be do be do – Sinatra
Stimulating Sevco / Rangers debate on here today.
I’m going to make a wee prediction about Hearts or the ‘diet’ or ‘mini’ huns as they are commonly known.
This time next season they will be getting called the ‘mini’ tims on account of the paranoia they have about refereeing decisions and honest mistakes going against them and going for sevco in the league next season.
Is it true that the deed holders have offered Ibrox park to be demolished as part of the opening ceremony of the Commonwealth games?
desertbhoy
16:23 on
16 April, 2014
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.
==================
An axe..?
FFP decisions due this week. Legal beaks will be primed ready to cream some more money out the game through the appeals process.
http://www.bbc.com/sport/0/football/27041079
Hail! Hail!
connaire12
16:45 on 16 April, 2014
There is only one teply, to one scenario, my good mhan……AND I believe it to be the truth………hehe and HH
Stein-Auldheid
For the good of the game, nothing to do with Celtic, well it is, just look see how they ref our games compared to other games.
Scotland could be a decent footballing nation, if the footballers are allowed to play football.
Until this happens, we will always be also rans.
PL is on the spfl board, he has influence for sure, let him excert some pressure, the other clubs know fine well that honest referees will help them.
PC
I have no idea if Res 12 will come to fruition, some say it may well do, others say no.
It will just be a case of wait see, but going by what has gone before, I won’t be holding the breath.
HH
Regular on Twitter saying Kris Boyd has agreed to join Sevco next season. 2 yr deal, @ 7k per week, doubled if they make Premiership!
Quelle surpris!
HH
TET
I admire the effort and resilience of those who managed to get Resolution 12 on the agenda, it was a magnificent effort.
However, I fear they’ve been outwitted by Mr Lawell and co and that nothing meaningful or worthwhile will come out of their endeavours,
So far I’ve to tell auldheid to move while holding an axe and administering hydrogen sulphide, while looking in a mirror and recording it all on you tube.
I’ll post the link later.
Cheers
Normally I would be on the same side as the level headed (Auldheid, TBB, BRT & H etc;) but I fear the pudding is being over-egged in their defence of the line, “Celtic have to play it like this.”
I can buy the “have patience- the truth will emerge” argument as the wheels of law, especially financial law, grind exceedingly slow.
I can buy the “never interrupt your enemy” approach of being silent and avoiding condemnation and hostile reaction, personalising this as a Celtic v Rangers battle.
I become less convinced by the validity of the Stokes-Desmond method whereby you praise them and pine for their return with a straight face. Your own constituency, that pays your wages and provides you with dividends, regard this as a step too far.
What was wrong with a straight bat? Stokes could have said :-
“Of course, the old Rangers games used to be good craic, but I don’t know when or if they’ll be able to get to that level. Frankly, I’m just a player and those financial matters are beyond me”
What’s wrong with Dermot Desmond saying:-
“Of course, the competitive rivalry we used to enjoy with Rangers means we are missing an edge. However, I have no inside information on how competitive they will be able to be if they reach the top division in future.”?
In both these statements, no insult is offered to the Ibrox hordes but the gushing praise is absent too. We would not have to excuse our Celtic people by saying they are obviously joking. I see no evidence that they are. Why offer any encouragement, however inscrutably insincere, at all?
Play a straight bat, Celtic.
When I have more time, I will try to write something more comprehensive on why I think it matters a lot, how Rangers status is perceived.
Hamiltontim is praying for Oscar
16:43 on
16 April, 2014
Auldheid
I was curious about your earlier comment regarding the Living Wage and your belief that it would have been passed at the AGM had the proposal been out in a less confrontational manner.
This doesn’t square with the fact that Celtic plc had actually encouraged the proposal to be voted down PRIOR to the actual AGM taking place.
My understanding was that Celtic initially were in favour of the proposal and that discussions had taken place for up to 6 whole months in the lead up to the AGM.
For some reason Celtic then pulled their support.
Why?
==========================
I have no idea why support was pulled or indeed the background leading up to and after the placing of the Resolution.
I base my largely uninformed opinion on how come a resolution for an initiative that seems so much in keeping with the ethos of Celtic failed.
School days, school days
Good old fashioned rule days
Reading and writing
And ‘rithmetic
Our teacher’s great
And we learn ’em quick
When we started school
If we only knew
All the great things
We’d learn from you
There’s so many things
That we can do
Now that we go to school
The Honest Mistake loves being first
17:05 on
16 April, 2014
So far I’ve to tell auldheid to move while holding an axe and administering hydrogen sulphide, while looking in a mirror and recording it all on you tube.
I’ll post the link later.
Cheers
=================
What my cut on the broadcasting rights? lol
Official………….Celtic fans to accept that the four horsemen of the apocolypse were wasting their time.
DD
Auldheid
Thanks for your response.
Would you concede though that the ‘confrontational manner’ couldn’t in actual fact have had anything to do with the Living Wage proposal being voted down because Celtic had already vetoed it prior to the AGM taking place?
Bourne
How are you feeling about all of this?
Genuinely interested going by your previous posts on the matter.
Maggie
Aw shucks :-)
setting free the bears supports Res. 12 & Oscar Knox
17:05 on
16 April, 2014
Normally I would be on the same side as the level headed (Auldheid, TBB, BRT & H etc;) but I fear the pudding is being over-egged in their defence of the line, “Celtic have to play it like this.”
===================
On DD and Stokes I think there is a case of singing from the same hymn sheet but I am not sure it is policy not to do so. I favour cock up theory here.
On the same club debate no amount amount of sane reasoning will impact on the insane and the sane do not need it.
@AgentScotland: Kris Boyd has agreed in principal to join The Rangers, 2 year deal on £7k p/w which would double if club is promoted to the SPFL Premiership.
Is there no end to their spending. Haha
From TSFM
SouthernExile says:
April 16, 2014 at 4:57 pm
4 0 Rate This
From Angela Haggerty on The Drum:
SPFL brings in former Southampton marketing head Scott Steedman to lead new strategy in drawn-out sponsor hunt
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Struggle: The SPFL has not yet found a sponsor for the Premiership
The Scottish Professional Football League (SPFL) has brought in former Southampton FC head of marketing Scott Steedman to lead a change of strategy after the governing football body failed to find a sponsor for the Scottish Premiership.
The move comes after a merger between the Scottish Premier League and Scottish Football League last year to form the Scottish Professional Football League (SPFL) and a year-long search for a sponsor for the main title that has, so far, proved fruitless.
Now, with Celtic wrapping up the Premiership in March with over two months of the season to go, the SPFL has brought in Steedman as commercial director to try and turn the league’s fortunes around.
Neil Doncaster, chief executive of the SPFL, told The Drum: “Rather than selling an inventory based sponsorship we are presenting brands with an integrated inventory and marketing led proposition that can fit their objectives. [OP edit: WTF?]
“Leading this process is our recently appointed commercial director Scott Steedman, who has both international and domestic commercial and brand experience.”
Steedman joined Southampton FC in 2010 as head of sales and marketing and stayed at the club for a year. Also in 2010, he was appointed to the board of Merchant Soul, a Glasgow-based agency specialising in sponsorships consultancy.
In 2011, he became external venue operations and broadcasts manager at UEFA and in 2012 became a director of Progress Sponsorship & Communications, another Glasgow-based agency specialising in sponsorship and sport.
Despite the lack of commercial interest in Scottish football’s top league, Doncaster added that the game in Scotland had “in general” turned a corner and said the SPFL would still meet the financial guarantees made to clubs at the beginning of the season.
“Looking ahead, with the first full season of having all 42 member clubs under the single banner of the SPFL almost complete, we believe that clubs and Scottish football in general has turned a corner,” he said.
“The reality for season 2013/14 is that financially we set an expectation with the clubs that we’d be distributing £18m to them and we expect to achieve that, even in the absence of a title sponsor.”
Scottish football has undergone a turbulent phase following the financial collapse of one of its two largest teams, Rangers, in 2012, which was followed by the entry of a ‘newco’ to the fourth tier of the game last year following the liquidation of the former company to work its way through the leagues.
The Drum contacted one Scottish club sponsor, who has published the content of a letter sent to Scottish football’s governing body online, on the verge of ending a 20-year-long commitment to the game in Scotland because of the turmoil. The sponsor, who has invested a six figure sum in that time, submitted the letter to Scottish Football Assocation (SFA) chief executive Stewart Regan in March asking for answers on the recent crisis in the game and seeking assurances of transparency.
Among the issues raised in the letter were the mysterious ‘Charlotte Fakes’ Twitter account, which became the subject of a police investigation last year when an avalanche of internal emails and even audio recordings between senior figures involved in the collapse of Rangers were leaked to the public.
The material was recently ruled admissible as evidence by a London court in an ongoing case connected to former Rangers owner Craig Whyte.
The sponsor also questioned the SFA’s handling of the financial collapse of Rangers and the entry of the new company – which bought the assets of Rangers and changed its name – into the bottom tier of Scottish football at the beginning of the 2013 season.
Further questions were raised about the SFA’s own president, Campbell Ogilvie, who admitted in 2012 that he had received £95,000 through Rangers’ controversial EBT tax scheme during his time at Rangers. Ogilvie spent 27 years in total at the club and served as general secretary and director. He left in 2005 and became SFA president in 2011 after a four-year stint as vice-president.
Within the sponsor’s letter, he said: “As a businessman I fully understand the commercial imperatives that will have influenced the way the SFA approached dealing with the consequences of RFC’s [Rangers] demise.
“However I fear that the past and ongoing damage being done to the integrity of the sport, as a result of perceived or actual rule bending or breaking, to accommodate RFC/TRFC, will cause commercial damage that will manifest itself over the longer term. Indeed my reservations about further investment, that fellow sponsors may share, will manifest itself as a commercial cost if the SFA do not act quickly to address the concerns articulated by the questions I have asked.”
When approached by The Drum, the SFA refused to comment on the letter and it is understood that the sponsor has not yet received a response.
the honest mistake loves being first
17:05 on 16 April, 2014
The most common delivery system for hydrogen sulphide is an arsehole.
afternoon fholks
I have sent the following e-mail to the SPFL. any reply from them shall be posted in due course.
Keep The faith
could you please clarify something on your website please.?
On your official website under………….. Clubs > Rangers > Honours
You have listed various league titles and various cup wins dating from 1894 to the present date under the club Rangers. This also includes some entries for European Competition.
The team you are referring to, which currently play in the 3rd tier of Scottish football were formed in 2012, after a former Scottish football club Rangers were liquidated on 4th July 2012.
I am sure that you will be aware that The Insolvency Act 1986 was passed to prevent the history of a liquidated entity being transferred to a new entity.
Why is it that you have included trophies won by a past (and now liquidated club) among those won by a club that have only been in existence since 2012, including a European Trophy & European Runners-Up honours when this club have never, ever in their short 2 years of history played a competitive European game (in fact this club are NOT elegible to play in such a competition due to a lack of 3 yrs accredited accounts which are required for entry.)
I believe i am correct in saying that this team formed in 2012 have won 2 titles……2012/2013 & 2013/14 and are current Ramsden’s Cup Runners Up..?
Now my take on this is……. either your website is displaying a genuine mistake in showing this past history that has no legal connection to the Rangers club formed in 2012, OR you are showing a blatant disregard to The Insolvency Act 1986……….perhaps you could confirm indeed which it is and whether you have any intentions of rectifying such a glaring error.?
Yours Sincerely and looking forward to your response.
proud to be part of the celtic family
17:18 on 16 April, 2014
Dear proud to be part of the celtic family
Sowhatery
Sincerely lovingly yours
SPFL