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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Dontbrattbakkinanger on 11 June, 2012 at 17:49 said:
Sunnybhoy -worser than deadly devious spiders who hide in the bog?
Or stingin’ trees that can kill an ole horse?
——-
A lot worser, an Australian could kill a person in 2 minutes flat by simply by boring them to death about how league is better than union which is better than Aussie Rules and vice versa and vice a bloody versa.
People keep going on about ITV pundits being bias but I think it’s pretty good that on their panel ITV have someone that English is their second language, I don’t know what country Jamie Carragher is from but fair play to him he is holding his own with the English pundits on the panel
The French are the better team. But that defence is dodgy. Malouda is getting some amount of space on that left flank. Johnson keeps getting sucked in to the centre. The French just can’t take advantage of the space- the French are too fixated on going thru the middle. Why is Benzema not playing his role of a striker? GET IN THE BOX!
How I would have loved to see the great French magic four of Tigana, Fernandez, Giresse & Platini against that English midfield.
France are still good enough to win this game- if they would only adopt a more direct approach in the second half.
Is there anyone at this game? Nae atmosphere.
Philvis. Lol, liked the anti-Tory rage bit. I’m not anti-anything. I remember what Adam Smith, arch-communist, warned us about capitalists market-rigging to the detriment of the consumer.
The problem with the public sector is that politicians who are hostile to the very idea of ‘the common good’ are given budgetary control over spending. Read Mike Russell’s book published at the time of the 2007 Scottish election. Horrific stuff. You’d love it.
Thatcher failed. On her own Pre-1979 targets, unemployment was higher throughout her premiership than previously, the gap betwen rich and poor increased (trickle down economics – another brammer!) headline policies such as privatisation could only be achieved at exorbitant cost to the taxpayer, council house sales at 70% discounts didn’t benefit the taxpayer or todays generation, a fixation with tertiary economy at the expense of manufacturing is derided even by American Republican fellow travellers to this day, and Black Wednesday demonstarted ‘Thatcherite’ economic thinking in action. She failed. She decimated coal mining and other (sometimes state subsidised) industries, reducing spending power, impoverishing families and creating entire communities without hope or jobs. She failed.
There is nothing wrong with the state education system which could not be improved were ideologues kept away from control of it.
Still, at least your ideas are expressed reasonably coherently. Always a pleasure.
HH
itv co-commies are the worst
Burley,Beglin and that plastic Irishman Townsend… Trio of trumpets
A trio of trumpets.
A new one for the ole lexicon de cqn.
Oh! there’s an atmosphere now. A Donetsk Wave.
“Agincourt, Waterloo, Verdun…Engerlund versus France.”
After Lescott scored they were saying something like: “Do you think we can start to think about winning it?” Presumably the tournament. Unbelievable hubris. Incredible lack of irony- remind you of a certain section of our best wee country in the world?
The bias of these commentators is cringeworthy.
N whuts aw this am readin’ aboot we’ve no got tae no like the Inglish fitba team?
Whoever thought of that needs to be looking for a support act to gig at the ole Burns howf.
Jungle Jim on 11 June, 2012 at 17:30 said:
Should Sinatra and his piano player have shared the “gate” money?
What if Sinatra could only pick from 11 piano players and they got together and agreed a set fee?
What would Sinatra do but negotiate?
What would the piano players do but negotiate, each side recognising that without the other they could not perform.
That is the reality of football as a business.
I think this England side is pretty good, they are almost as good as their greatest side ever the 1944 Escape to Victory team, mind you Joe Hart couldnae lace Sly Stallones boots
Ribery is just tired Sheesh!
Ribery stamped, Townsend sees it and says nothing.
France try to play tippy-tappy like Spain Arsenal
When England scored I went “whoooo”
When France scored I went “YESSS”
What does that tell me?
This England are mingin! Worse than watching the Cardigan and his team in the CL. Talking of which, surprised the Cardigan was not front runner for all these EPL jobs…
This has to be the poorest game of the tournament so far
Both sides are happy with a point
Cannot believe that a few years ago people were hyping up Ribery as the “new ZZ”- I wouldn’t even allow him to clean Zidanes boots.
Auld heid – that put’s a whole new slant on the term RAT PACK !
T4
The weather’s very hot so both teams will be happy to settle for a pint. :-)
Mc Fadden versus Mc Geady
Discuss.
HH
Scott Parker is blowing oot his backside, but still throwing himself into challenges.
Proper old-fashioned midfielder.
T4
After yon CL gubbin’ I think fitba would be the last thing I’d be interested in if I was Franck.
Awe naw
Wee Aiden far better than Steve McFadden.
ALL WIGHT TWEACLE
tommytwiststommyturns on 11 June, 2012 at 18:27 said:
“Proper old-fashioned midfielder”
There was always somebody in your school team like that. He had the word “Mouldmaster” engraved into his thighs.
There is never anyone – where is Benzema?- in the English box when France attack. What is the point of playing wingers if there is no one to cross the ball to?
“Scott Parker charged that shot down like Richard the Lionheart charging Saladins forces in the Holy Land.”
Milner deid I think
lgb – Parker doesn’t look like a hard man and I wouldn’t class him as that, but he gets stuck right in. Mouldmaster skelp in the middle of winter….ouch! Your skin stayed salmon pink for about a day.
T4
“England confident that Milner is OK”. He’s just won a Toni.
Ribery deid le nous
Ribery’s good looks threatened there….plastic surgeon on standby !
T4
a point of an elbow= just an arm ,that
Townsend really doing my box in.
Poor game.
Will not be about for a few days so take care folks.
Police are after me to discuss next doors paddling pool being stolen so I need to ligh low for a wee while.
SooldfirsthearditinlatinCSC
Benzema + Ribery have been rank rotten so far
That’s the cobbler coming on. Ben Arfa.
@fritzagrandold: Wait is Brian Kennedy involved in Weatherseal who sponsored the SPL with a six figure sum today? Shady?
Funny there’s been no stats on possession etc