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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my last post would have been better if it was accurate.opening game was in warsaw, legia have 15,000 avg attendance and 14 million euro budget annually. all other points the same
BARCABHOY 1627
Polish brickies?
Haven’t much time to follow the blog these days but can I chip in about the possibility of a percentage of home gates going to away clubs?
I would argue that away clubs should receive and sell tickets for the away end of the ground. They keep the cash.
compromise yes. not to everyones liking, yes. But it is an extra revenue stream, fair on home fans and fair on away fans
I may be totally wrong but I expect England to do well at these Euros. My reasons for this is that expectations (for once) are very low and that will take a lot of the pressure off the England team for a while at least. Unfancied teams in the past have done well – Denmark, Greece and if you think of Rossi’s Italy in the World Cup of 1996, they drew their first 3 matches, boycotted the media and were in the huff with everyone.
This could be England’s year to surprise us all.
Tin hat affixed to head and beating a hasty retreat for the telly.
miki67 on 11 June, 2012 at 16:31 said:
murdochbhoy on 11 June, 2012 at 16:18 said:
>>>
Ah…don’t pay Philvis any attention: it’s what he craves. Talks redundant right wing tripe to wind everyone up,then sits back,waits for the reaction,then spouts even more,then he’s offski…job done.
Typical Tory.
=========================
Thumbs Up
OSB -Paolo Rossi? 1982?
I would agree that Engerlund may do better this year. England expects…very little.
Message for Green.
I have it on good authority that Walls and Rowntrees would be interested in joining his consortium, and also in the Stadium sponsorship plan.
Only condition is that they are both removed from the FF banned list, and that the stadium is open to all on liquidation day for a multi-cultural party and celebration.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 11 June, 2012 at 16:35 said:
BARCABHOY 1627
Polish brickies?
Talking of brickies Polish or otherwise, does anyone know of any who do homers. Needing a dwarf wall built for a conservatory.
HH
England keeper Ray Clemence injured in the warm up, Joe Hart on stand by.
Blantyretim
And Barcabhoy
That one you saw was Legia Warsaw stadium for 35 000 spectators.
The opening was at the National Stadium in Warsaw. That one is for circa 60 000 spectators.
Wisla Cracow stadium is not the Euro arena. It’s new, for 40 000 spectators .
National Stadium in Warsaw – public money.
Legia Warsaw stadium – public money but the stadium is hired to Legia Warsaw owners. They pay fees.
Wisla stadium-private money.
Can write more if you have questions.
If UEFA employ someone who mocks child abuse then they have no shame either and anyone thinking UEFA will get involved in Huns shenanigans are deluded.
Is the France v England game on in HD anywhere?
SwanseaBhoy
murdochbhoy – Thanks for those links. Fascinating stuff, especially:
the USA is an even bigger health spender, with almost 13% of its national income going to healthcare.
Rather puts paid to a lot of myths about the evils of the US healthcare system, pre-Obamacare.
However, 2001 was a relatively long time ago in terms of public spending (we were still solvent back then) and spending on the NHS has accelerated greatly since then both in real terms and as a percentage of GDP:
http://www.bbc.co.uk/nol/shared/bsp/hi/dhtml_slides/10/blastland/img/slide3_v4.gif
As you can see, health spending in the UK has been on an upward trend for the last five decades. Indeed, even in the supposedly dark days of Thatcherite cuts, healthcare spending increased in real terms, it only shrank as a % of GDP because the economy grew faster than the public sector.
As the BBC notes, in real terms healthcare spending in the UK is 10 times what it was in 1948!
According to the BMJ, by 2009 the UK was spending more than the OECD average on health:
http://www.bmj.com/content/343/bmj.d7720
So, to my original point: we have one of the most lavishly funded healthcare systems in the world. It shows, to coin a phrase, an outrageous disregard for the facts to suggest otherwise. The NHS employs some 1.2 million people, it is by no means an impoverished service.
If, despite this, we still have unacceptably low male life expectancy in Scotland, perhaps public spending isn’t the only or major factor. Perhaps we’ve passed the point of diminishing returns and throwing yet more money at the NHS isn’t going to make much, if any, difference.
Perhaps the Scottish tendency to drink, smoke, be fat, and get no exercise is more of a factor in life expectancy. Perhaps people should take more responsibility for their own lifestyle choices instead of expecting the state to treat them like children.
And who’s to say the Scots are wrong in their lifestyle choices, anyway? Perhaps Scottish people are a race of fun-loving hedonists who don’t mind not living to 100 so long as they get to party while they can. (thumbsup)
ASonOfDan on 11 June, 2012 at 16:28 said:
You pay for the goods on show when you purchase.
Zbyszek
The one you took us into was Legia stadium, where auldtim asked the giant about Zurawski.. O)
you also should us the new stadium as it was being built at the end of the pub crawl, sorry road…
My Mother in Law said yesterday that football is awful, man’s world. When we watched Italy vs. Spain she said: why oh why they show them running on the pitch 90 minutes and don’t show even 5 minutes from the dressing room?
Hmm.
SwanseaBhoy
ITV 1HD. If you are stuck, ITV London on regions and press red button, I think…
Itv1 HD
RTE2 HD
HH
C’mon France!!!!!
Well it’s only taken me almost 50 years but the events of the last two to three years and the continued exposure of ingrained sectarianism by those in power at all levels in Scottish Society whether political or social have finally done it for me. So today for the first time for me it’s finally 1-0 to the Engerrlaand!
Showed even, my English is worse than yours. you have an excuse..
C’mon the France put this mob to bed early.
Loaned to Legia Warsaw.
Yes BT. That was Legia stadium where the guards can give their opinions on Zurawski in two languages.
Venez sur la France
Venez sur vous, les garçons en bleu
It made me smile when i heard the English panel + commentators speaking of how both French centre backs are ‘weak’
They are aware that the England centre backs are Terry + Lescott aren’t they?
philvisreturns on 11 June, 2012 at 16:47 said:
He we go again. Proportions of GDP spent on anything, say health, reflect expenditure. It doesn’t, as you well know, tell you who the benificiary was or what the money was spent on. For example, Bush Jr signed one of the biggest-ever increases in health spending into law. Unfortunately, it guaranteed that HMOs could charge what they liked for medication. In the cases of the very poorest (about 25% of Americans qualify for food vouchers) that is an increase in federal spending. However, for those millions of Americans who have insurance, it meant that either their contributions were increased or that their exclusions (effectively, excess) increased so that they pay more for each prescription.
Just sayin’ like.
Thumbs up.
mighty tim on 11 June, 2012 at 16:44 said:
Polish brickies? Needing a dwarf wall built for a conservatory.
________________________
Get my email off Paul67 – one of my Client’s (do all his H&S stuff) specialises in wall building – will travel over most of Scotland.
I have a feeling there could be a few goals in this one … hope that’s not the kiss of death!
Just turned over from the footie. England are claiming the British National Anthem as their own????
obviously the director couldn’t pick out any goodlooking English girls so waited for for the french fancies…. p))
blantyretim on 11 June, 2012 at 16:58 said:
He chose well!
Hope for something like 5-0 for France.
I say again: would someone like to put up a cogent argument against paying visiting sides a sizeable share of the gate money? So far there has been nothing put forward that is rational and true:
“Might as well give tem all the money, plus travel” is fatuous.
“… I believe in the days before home teams kept the gate receipts, season tickets were excluded from the “share”. We could go back to that position.
The money paid at the gate or for non-season tickets could be shared.”
is “I believe” untrue, and in any case confuses point-scoring with a serious argument.
Come on people – Why not pay visting sides a decent share of the gate money?
There look to be thousands of empty seats in Donetsk
Stevebhoy
Cheers mate.
SwanseaBhoy
Delia
They charge us almost double when we visit them, we already subsidize them
praecepta on 11 June, 2012 at 16:56
Cheers mate will do. Thanks.
HH
Lowest attendance of the tournament so far.