In October last year, with Rangers riding high in the league and with Craig Whyte enjoying messianic worship at Ibrox, Celtic Quick News published an article with a few predictions:
“In the event of Rangers facing financial Armageddon…. a prepack offer from a new company, for example, Rangers Newco FC Ltd, would offer an administrator a deal for all assets of the club, including stadium and offer to meet outstanding player wages. Deals like this seldom offer unsecured creditors much but even a small percentage might realise more cash than the administrator would gamble on raising in an unstructured sale.
“In such circumstances, the administrator could accept as little as £4m for the unsecured creditors.
“In normal business Rangers Newco FC Ltd would begin trading and this would be the end of the story but football is not normal business. Rangers Newco FC would own a stadium and would employ some footballers but they would not be part of any league structure. They would need to apply for membership to the Scottish Football League or Scottish Premier League.
“In this scenario, the death of Rangers Football Club would leave a vacancy in the SPL, presenting several financial, logistical and sporting challenges…. current TV contracts and sponsorship deals could be jeopardised, while future contracts would be worth a fraction of their current values.
“There is, of course, a resolution to this problem.
“Rangers Newco FC Ltd could present an offer to the SPL. The new company, with its stadium and thousands of potential supporters, could. … adopt the place of Rangers FC, complete their fixtures and allow every other team in the league to fulfil commercial obligations.
“ If [enough]clubs stand against them, they would have to apply for membership of the Scottish Football League, but, having researched this story for several days, I expect Rangers Newco FC Ltd would get enough support to pick-up the place of the defunct Rangers FC.
“Celtic fans, as well as those from Aberdeen, Hibernian, Dundee United and St Johnstone, together with fans from Motherwell, who could become genuine championship contenders [they were pushing us hard at the time], and from those clubs who would avoid relegation if Rangers failed, must insist their club votes against any prepack company parachuting into the league.
“Watch the media coverage of these events carefully. If and when the decision time comes, the case to acquiesce to Rangers Newco’s demands will be overwhelming. Sincere ‘impartial’ observers will do their upmost to convince us all we must do whatever necessary to save Rangers for the good of the Scottish game. Some voices will even tell you Celtic need Rangers Newco. Whatever part of my club is dependent on Rangers I am willing to lose.”
Pretty much all of the above came to pass but the position of the SPL clubs is noteworthy. As recently as last month Celtic were the only club prepared to vote No to Newco. In the months since Rangers went into administration in February the crescendo of fans voices slowly became impossible to ignore. Clubs which were set to vote yes, were left with no choice but to observe their ultimate paymasters.
It was a phenomenal grassroots campaign.
Kelvinbhoy asked me to pass on his thanks for the fantastic response to his appeal for kids bikes for underprivileged children. Well done to all who helped!
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I love Celtic
“Whats that skippy..someones stuck down the podium?”
Hello
A thought on Steven Naismith, Steven Whittaker – would they have been paid on 30th of June?
Why did they go public? – I wonder if there was doubt and uncertainty before they decided to hold a press conference, on whether or not they’d receive payment.
There is now CSC
“Whatever part of my club is dependent on Rangers I am willing to lose”
One of your finest, Paul :-)
Baws – evertime I post a long message, a new article is gauranteed!
Got my newphew his 1st season ticket, one of those £50 deals. Delighted I won’t have to explain to him why he can’t come to the derby!
Should mean an extra 2 games on his season ticket too, bargain!
Hail Hail
ballabhoy
Wonder if there will be proud new owners of Ibrox and the car park by the end of the week…
This got posted on RTC. I thought I’d re-post it here as it applies equally to anywhere in ‘The West’. George Carlin(r.i.p.)’s ‘The American Dream’:
http://www.youtube.com/watch?v=acLW1vFO-2Q&feature=youtube_gdata_player
dirtymac – There’s much to be said for a diet of deep fried spam and chips (bleurgh)
Due to my part-time modelling work for George @ Asda, I don’t eat carbs. It’s hard to Blue Steel it up on the catwalk when you’re a fatty lumpkin.
However, if I ever wanted to commit carbicide I would do it in Scotland. (thumbsup)
And so it came to pass that the words of the Blessed CQN were indeed fulfilled …
Sian Wright @onamissian
Aaah the rangers. How u amuse me so… http://pic.twitter.com/UvZGtDgS
Surely Irn Bru SFL?
Paul67 – a sort of “best of Paul67” post, not that there’s anything wrong with that. :)
A generation of domination beckons. (thumbsup)
The ‘Irn-Bru SPL’?
It’s got to be Fannies Fc!
Tell Kelvinbhoy I’ve got a cracker of a boy’s bike for him. Can get it to Hamilton this weekend for pickup next week if that’s in his range. Email me.
Paul67,
Things have panned out much as you predicted. Thanks be to Ghod. They are dead and gone. Let’s hope the SFL clubs have the measure of Newco and send thems off out to the nether regions to play by themselves.
As my Dad said to me again this morning, “I am enjoying their demise and your grandfather will be loving it in heaven.”
Skippy was set in the fictitious Waratah National Park, a conservation area open to the public for recreational pursuits, where all plants and wildlife are protected. Head Ranger of the park was Craig Whyte.
The Pantaloon Duck on 26 June, 2012 at 13:54 said:
“Whatever part of my club is dependent on Rangers I am willing to lose”
One of your finest, Paul :-)
+++++
I concur wholeheartedly !
HH!
“Whatever part of my club is dependent on Rangers I am willing to lose.”
My favourite Paul67 quote!
MWD – count me in for the small change for Oscar appeal
Paul67 – And still they are in denial! Div 3 is too good for them
I agree with TPD –
“Whatever part of my club is dependent on Rangers I am willing to lose”
Up there with your finest
New Rangers tipped for the Ramsdens Cup, a trophy Celtic will never get their hands on. (thumbsup)
“This is a Celtic site there’s a difference” © Paul67
If we do not have 2 home games against the huns now, does that mean we will be making some of our maintenance staff redundant?
If you are on twitter you may have been following the story of @Wee_Oscar as he has been fighting his battle against Neuroblastoma, a rare form of leukemia that affects young children. @Wee_Oscar has been taken to the hearts of many Celtic & Republic of Ireland supporters on twitter this last few months.
I love this tweet http://t.co/L6JFoWi1 sent from his hospital room on the day of the Republics first game at the Euros.
Message from Wee Oscar
Hello everyone, my name is Oscar! I’m 3 years old, and I’m fighting neuroblasto- ma, a very aggressive cancer that affects babies and little kids like me.
I need special treatment abroad that will give me the best chance of life and beating the cancer. It will cost me as much as £250,000!
Please can you help me?
Message from the Neauroblastoma Alliance UK
Brave Oscar has been fighting neuroblastoma since shortly after his 3rd birthday. Unfortunately it appears that his best chance of beating this frighteningly aggressive cancer lies in either America or Germany. Oscar’s potentially life-saving treatment could cost as much as £250,000—which is why he needs your help. Please make a donation or hold an event for Oscar—call Nikki on 020 8202 9065
to chat about fundraising. Please give Oscar a chance! For more information about Oscar and to donate please visit:
http://www.justgiving.com/OscarAppeal Text KNXY99 and your amount £3, £4, £5 or £10 to 70070
Wee Oscar’s appeal page http://www.justgiving.com/OscarAppeal
You can also get regular news updates on Wee Oscar by following his blog here http://oscarknox.blogspot.co.uk/search?updated-max=2012-05-20T23:04:00%2B01:00&max-results=3&m=1
Please, please make a small donation if you can and help give Wee Oscar the best possible chance of life.
BSR
thanks skippy says….tchhhhhhhhhhhhhh….tchhhhhhhhh
:)
Ole Jamie Ness joins in the walking away march.
Dingwall added: “I think the actions of some clubs will leave a legacy of bitterness and sour Scottish football for decades to come.
Hey Dingbat, you got any mirrors in your house?
Who drops out of Division 3 to accomodate the scum?
What if the league 3 sides all vote no to newco?
Surely these wee teams will have a voice?
Let’s be hearing from them!
starry plough on 26 June, 2012 at 13:58 said:
>>>
Ah,Sian Wright how u amuse me so!
:-))))))))
Friday Frank on 26 June, 2012 at 13:11
Much appreciated. I think we’ll have fans travelling via Stockholm, Malmo and Copenhagen. It’s one country most of us haven’t been to yet and should be a good trip.
OG…,
It’s not about prerogative, it’s about questioning lazy journalism when it’s evident.
Raising domestic abuse just to bring in the Celtic support stinks
johann
I was going to say that, but didn’t know how to spell it.
Philbhoy – It’s just the beginning! on 26 June, 2012 at 14:04
Is it not more a case of one team moving up from each Division (to ultimately replace RFCIA in the SPL) and that then leaves a vacancy in SFL Div 3 which various clubs, and Sevco 5088, should they actually ever have the relevant pieces in place to become a ‘club’, can then apply?
Paul67
Great article!
Could you please give me tonight’s Euromillions numbers please?
I’ll weigh you in, honest!
Philbhoy, there will be a few clubs with a vested interest in Noco not getting into the SFL3 and I expect you will hear from them.
I am praying that they in no form ever kick a ball again..
Say no more. Cast’s ‘Walk Away’. Nicked off twitter link!
http://www.youtube.com/watch?v=CAwKAIPBz20&feature=youtube_gdata_player
Paul,
Been absent for a wee while for family reasons, but always lurking.
How prescient was the your piece from last October?
Uncanny that it really does read like a factual account of what has happened in the last few weeks.
Are you sure you didn’t write it last night and tag it as October 2011?? :-))
No wonder you get a ringing endorsement from the posh mags.
Thanks as ever for being the standard bearer for the Celtic family.
HH
Glasgow District Council have a team of road layers on stand by for emergency repairs to the pavements around Ibrox, it is believed the increase in walking away from the stadium area has resulted in severe damage.
Aw naw, no Nessi awa an aw noo!
With credit to Mince.
HH