Sevco and Gang of 10

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We are three days away from Rangers creditors’ vote on the proposed CVA and my best sources remain strongly of the view that HMRC will vote against.  As a result, on Thursday, the process to liquidate Rangers will commence and Charles Green’s company, Sevco 5088, will attempt to purchase the assets of the business.

One of the first acts of Sevco 5088 will be to apply for membership to the Scottish Premier League.  They will offer the league an opportunity to retain considerable revenue streams which would be lost to the league following the liquidation of the former football club, Rangers.

Attitudes hardened towards a Newco proposition since Mr Green came onto the scene, specifically since Rangers raised an action against the Scottish FA at the Court of Session, but sentiment in football is fickle.  We should ignore all public comments on the subject of Newco and concentrate our minds on the SPL vote, which will take place next week.

Two months ago the Gang of 10 clubs thought they were in an ‘Arab Spring’ moment when they met to discuss how they would use Rangers demise as an opportunity to re-engineer the league.  Charles Green is aware of their feelings on this matter and is likely to use this knowledge to inform his offer to the league.

Expect Green to offer to support a change in voting rights if the SPL allow Servco a franchise in the SPL.  This offer would allow the Gang of 10 to not only retain much of their existing income streams, they would actually be able to bring in additional income.  Servco FC would benefit from being the first company to be able to buy a place in the top division of Scottish football.  The only loser from this scenario would be Celtic.

The existing voting rights protect Celtic from several hazards.  The most important two are the rights of home teams to retain match ticket revenue and a limit to the number of home games shown live on TV for any club.

You will hear lots of comment from the Gang of 10 that they are not interested in splitting home gate money but none of them have agreed to exclude this matter from the change in voting rights.  More Celtic home games on TV would be welcomed by armchair fans that live abroad but would see season ticket holders suffer as kick off times are moved to accommodate TV scheduling.  Neither of these matters will be addressed at this month’s SPL meeting but, if the voting rights change, you can expect to read about them soon.

If the application from Sevco is rejected, we enter a new world, where SPL voting rights will inevitably change and Scottish clubs will have to learn to cooperate with each other on a constructive basis.  As Celtic fans, we will embrace that challenge, but you can be sure that a slice of your season ticket money is being offered right now by people who have nothing whatsoever to do with Celtic.

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  1. tommytwiststommyturns on

    Mellberg is exactly what we need at CB. Playing in Greece just now I think.

     

     

    T4

  2. Right from the start I’ll put it on record I don’t like Ibrahimovic.

     

    However, how can I see past a team with a Larsson playing in it?

     

    Is Lustig still with us or has he been released?

  3. tommytwiststommyturns on 11 June, 2012 at 19:57 said:

     

    Mellberg is exactly what we need at CB. Playing in Greece just now I think

     

     

    with Olympiakos for last 3 years, out of contract this summer

  4. tommytwiststommyturns on

    Lustig barely played for us yet, but we have Celtic fans slagging the guy off. You guys know yer sh1t !

     

     

    T4

  5. From Video Celts

     

     

    The irritating England band have been banned from Euro 2012!

     

    An official protest has been made to UEFA after the trumpet players were refused entry with their instruments to the England v France match in Donetsk.

     

    The seven piece publicity seekers have been attending England matches for twenty years clocking up 300 matches of near misses and not so glorious failure.

     

    Before setting off on the 2,500 mile road trip to Donetsk they contacted UEFA and the FA to ensure that they would be able to gain access to the stadiums with their instruments.

     

    On arrival at the stadium they were refused entry with their instruments and had to leave them aside in order to watch the game which England drew 1-1.

     

    The trumpet players are funded by a pie sponsorship scheme with their backers quick to issue a press release registering their dismay at being unable to give the three lions their usual musical backing.

     

    “We are going to make an official protest about this matter,” the bands; sponsors announced. “There were no grounds for taking this disgraceful action, which is over-zealous in the extreme.

     

    “Needless to say, we intend the band to be back in its rightful place by the time we get to Kiev for the Sweden game on Friday.”

     

    England took the lead through Joleon Lescott midway through the first half but the defenders Manchester City team-mate Samir Nasri equalised before the interval.

     

    In their next match England face Sweden in Kiev on Friday, with or without their trumpet players.

  6. tttt

     

     

    Think Mellberg is playing in Poland and/or Ukraine just now. Don’t think he’s in Greece:o)

  7. Good evening friends. One thing I do know – this game won’t be as boring as the last one! And the wee shots of the crowd mightr be better too ;-)

     

     

    Lustig to score at any time – 11/1.

     

     

    gottolookafteryourownSC

  8. Kilbowie Kelt on

    I am completely against those who say that SPL gates should not be shared.

     

     

    Fairness dictates that gates are shared.

     

     

    I am all for gates being divided ,…according to the numbers of the two clubs’ supporters who have attended ANY game.

     

     

    If an away club bring 50% of the the crowd, then they should receive half of the gate money

     

    If they bring 50 fans to a crowd of 50,000, then they are entitled to 0.1% of the gate money.

     

    Celtic have NOTHING to fear from a FAIR distribution of gate money.

     

     

    In fact, it would benefit us financially & suit us right down to the ground.

     

     

    Away clubs SHOULD get part of the gate money at EVERY game.

  9. tommytwiststommyturns on

    EDB – smarty pants! :-)

     

     

    BT – we need an experienced CB to bring on the young defenders we have. We won’t do better for the money….give me an alternative?!

     

     

    T4

  10. Mellberg & Rosenburg, available for combined fee of £0, covers the 2outfield positions we need to strengthen with experience for our CL campaign

  11. T4

     

    I never put names into the ring for us to go for as I don’t pay much attention to anything apart from Celtic…

     

    think he is past his best tbh

  12. Looks like Lustig has been given the toughest role of the night having to deal with that fast nippy wee winger.

     

     

    These window jokes are becoming a real pane.

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