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. good evening cqn

     

    thoughts on Engerland game

     

    not looked back

     

    They have parked the bus surprise suprise

     

    Referee did not go to one of Dallasas courses

     

    Benzema better get a move on Whitecrook tims millions are on him for top scorer for the tournament

  2. “John Terry with a tackle that was reminiscent of the courage seen on the beaches of Dunkirk…”

     

     

    “That block from Lescott was as commited as Churchill guarding his Cuban cigar box from unwanted fingers…it was Flodden, Stamford Bridge, the D-Day landings all over again.”

  3. Auld Neil Lennon heid on 11 June, 2012 at 18:21 said:

     

    When England scored I went “whoooo”

     

     

    When France scored I went “YESSS”

     

     

    What does that tell me?

     

    ……….

     

    It tells ye that you are not taking this game seriously :>)

  4. tommytwiststommyturns on

    Whitecrook – backed him as well. Not happy if he’s going to be played like this in the French games!

     

     

    T4

  5. leftclicktic on

    lochgoilhead bhoy

     

     

    shots on target : 8 – 1

     

    shots off target : 6 – 3

     

    possession (%) : 60 – 40

     

    corner kicks : 11 – 4

     

    offsides : 0 – 5

     

    fouls : 9 – 7

     

    yellow cards : 0 – 2

     

    red cards : 0 – 0

  6. “Bloomin’ heck Guvnor”. How many alleged teams are after our Vic W? Let’s hope the youngster has his head screwed on and realises that another season or 2 at paradise is the place to be rather than in a relegation scrap with really wee English teams like QPR , West Ham or warming the bench at Liverpool. But if anyone is foolish enough to pay £14 mil for raw talent then I think Celtic will bite their hand off. A 7 million offer should be rebutted with a “comeback and deal when you’re sober” Personally I’d rather see Ki leave the club than big Vic.

     

    If we sell Hoops and Vic that’s close to £20 million – more than enough to counter the threat of a resurgent Rangers (IA) !!!!!

     

     

    ToungeincheekCFC

  7. •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on

    Slept through last 20 mins of that.

  8. tommytwiststommyturns on

    Expected better from the French and the manager will have to face up to criticism for not being positive enough.

     

    Great result for Hodgson against what should be the best team in the group!

     

     

    T4

  9. JJ

     

     

    I believe in the Club and what it stands for. I am willing to contribute financially to keep Celtic in the strongest position possible …

     

    So why bother going to the place once a fortnight? Just hand over the hundreds of quid … No! You go to CP to see a game, a competitive game, and if there was no opposition there’d be no game, and no Celtic.

     

     

    I am not willing to fund Clubs who are not part of that ethos …

     

    Then I guess you never go to a cup-tie, never go to an away game?

     

     

    Also, Celtic are the reason why 50,000 or so are at the game, not the opposition

     

    Just not true – the match is why 50,000 are at the game.

     

     

    Should Sinatra and his piano player have shared the “gate” money?

     

    Sinatra’s not a professional football club in a national league … surely this hardly needs to be pointed out?

     

     

    So far not a single decent argument.

     

     

    The sad thing is, we all know why folk want Celtic to keep the gate money, and not one of the posters has the backbone to say so. I support Celtic because I was brought up to it, and because when had the good fortune to live in Glasgow they were the best football team in the country, and I mean Britain not just Scotland. That club was run by barely competent, socially, culturally and politically backward directors, and played in a scruffy, often squalid stadium. Yet it was morally and practically – as a football club – hugely superior to what it is now, because it was operating in a healthy environment.

  10. Hodgson invents a new tactical approach: the three line defence system.

     

     

    Hodgson must have watched Rangers “The Watty Years” DVDs before he went to the EURO’s.

     

     

    The Cardigan will be swelling with pride & admiration.

     

     

    In saying that, the French never had anyone in the box the whole game- even Nasri’s goal was outside the 18 yard box.

  11. The Narrowbhoat Tim on

    First part of my correct score double up, I have both games tonight as a 1-1, don’t know if I want to watch the second game though might be a bit too nervous to watch.

  12. After that dirge, and with the excitement of Sweden v Ukraine to come, Group D could become the group of bored to death!

  13. tommytwiststommyturns

     

    Also my millions on France to win it

     

    No candles at church on sunday,

     

    maybe the big mans no happy with me,greeds a sin

  14. lochgoilhead bhoy on

    English players (Gerard, Oxlade-Chamberlain) well drilled in what to say to the media by Roy Hodgson. No big talk. Meak. Modest.

  15. Paul67 et al

     

     

    Made Chelsea look like Athletic Bilbao! Hell will freeze over before I support that lot and or their GSTQ singing support. And as for the ITV commentators, don’t get me started!

  16. up_over_goal on

    The auld French guy having a kip summed it up – boring boring boring. French equally to blame for having no real willingness to break England down. Both sides happy for the draw, but if I were Swedeen/Ukraine, I’d take heart from that. Neither team looked threatening.

  17. Just read that weatherseal have hooked up wi the SPL. was one of the blue knights not involved wi that lot?

  18. tommytwiststommyturns on

    whitecrook – backed France & Russia ew, Benzema and the France/Benzema combo. The Ruskies look the best bet so far, but it’s early days.

     

    Light a candle for me too, although I might be beyond redemption!

     

     

    T4

  19. lochgoilhead bhoy on

    The sound of the swallows behind Carragher and co is the most interesting thing I’ve heard tonight.

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