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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FourGreenFields on 26 June, 2012 at 18:55 said:
Lithybhoy on 26 June, 2012 at 18:51
You could always watch a DVD of those victories over the now dead Huns .
Personally I never want to have to play them again .
Hail Hail
Correct i want them gone forever and i will never miss them.
Lithybhoy,
as I said earlier, it will be good to be rid of the likes of you and the rest of the old firm fans.
DeniaBhoy on 26 June, 2012 at 18:54 said:
Ok cheers..
Lithybhoy on 26 June, 2012 at 18:51 said:
Hello, I don’t think we’ve met.
I’m looking forward to a more competitive league in time. Will not miss derby games. I remember when a trip to Aberdeen or Tannadice was something you’d be delighted to get 3 (or 2?) points from.
I don’t particularly want to see Celtic win the league every year, I want competitive open and fair football.
Dublinbhoy 19.59.
Brilliant.TAL
LET’S ALL KICK SEVCO
Has Lafferty gone? Did anyone notice? And will anyone want him?
Lithybhoy – better than sex? I suppose humping them for 90 mins beats most human encounters for prolonged excitement.
NA NA NA NA
Lennybhoy
As it happens I’m just heading out to your neck of the woods to collect an elegant but understated frock.
They’re all the rave you know ol chap…:-)
Had a wee look on RM, it really is quite the comedy store
They are saying that they don’t mind so much a player leaving , but they should transfer over so that they get a fee for them
Lee Wallace , remember him ya bunch of halfwits
“Gordon_J backing Neil Lennon on 26 June, 2012 at 19:00 said:
Has Lafferty gone? Did anyone notice? And will anyone want him? ”
===================================================
Maybe, unlike Elbows, he cannot resist the lure of the EPL?
BwahahahahahahahahahahaCSC
Dead and Loving it – and then there is the money they owe for Jelavic. They think it’s okay to wipe out their debts by not paying them but want transfer fees for players who are not contracted to them any more. They just don’t get it.
See that posin’ photy ae Jabba The Fat on his skanky column…? Is that him tryin’ tae stop his jowls fallin’ ontae ra table?
He is wan wafflin’ eejit wi less intelligence than a mature cucumber.
blantyretim.
I’m coming into Glasgow on Friday, When will you be able to have a drink.
Could you send a message on Windows messenger to see if it’s working,Yahoo’s knacked at the moment.
Lithybhoy on 26 June, 2012 at 18:51
I’ve been watching Scotish fiba since (circa) 1958.
I won’t miss them in any way.
It’s like having a cancer removed.
Oh and, if I can remember that far back, sex is pretty much overrrated anyway…
;o)
sparkleghirl
I don’t particularly want to see Celtic win the league every year, I want competitive open and fair football.
I know the point you’re making, but I do want to win the league every year. It’s our easier route to the Champions League where we really need to be.
Lithybhoy
Now that all you have is sex you better get some rhythm. Honestly. If you do it right (like me) it is a wonderful thing. But mind! You need rhythm to make it really good. Oh! And don’t go rushing things because TI-I-I-IME IT’S ON YOUR SIDE. YES IT IS while you wait on your ole New Old Firm lover return.
MWD
Ironically, I found the link for this on Fallow fallow
He doesn’t do walking away
does jabba still do the voice of authority :oD)))))
DB
It is astonishing the amount of things that they don’t get
they think that the votes went against because of bigotry and sectarianism
ye could not make it up
MWD,
its even better with a partner, opposite sex is my preference, incase you get any lippy ideas :oD))))))
forgot them
If old ragers players have until thursday to declare if they agree or disagree to join Sevco5088fc what’s the chances of a host of stories of further exodus tomorrow?
They’ve lost 10 players already from the squad they had last season and we all know how crap that squad was.
I can see McGregor, Davis, Bocanegra, Goian & Edu joining the rest. They’ll be lucky to win Div3 with whoever remains.
A brief foray into FF territory suggests they have something planned at Ibrox at 7pm tonight.
Anything happening over there?
RogueLeader on 26 June, 2012 at 14:40 said:
Auldheid – did you not say that an SFA membership was non-transferable? STV reporting Rangers are applying to have it transferred
————————————–
SPL Membership is transferrable if other members agree to transfer it and that Membership automatically confers Membership of the SFA.
What it it does not confer is a club licence which is non transferable and can only be granted by meeting criteria Newco cannot meet.
But as the SPL will not vote Newco in the have neither membership of the SPL of SFA and so the licensing question does not arise.
Lithybhoy on 26 June, 2012 at 18:51
out of sheer curiosity are you an attender or an armchair’er, only reason i ask is that of late i’m finding that more and more of my armchair mates have the same concern, and it’s giving me the hump,,, you can only beat and judge your self by what’s in front of you, and we now have the opporchanecity to build for Europe every year,, and make some money,,,,,,,,,,i’ve heard concerns too about victor, ki and izzy being punted, but we could take £20 million in for the sale of them and still have ample cover,,,,,, £20 MILLION,,,,, that would be crazy to give up,,,,,, as an addendum i also think that we have some absolute gems coming through the club at the moment, i’m excited to see what mcgeoch,watt,forrest,irvine,herron et al can bring to the party next year,,,,,,,, this season,, i canny wait for it to start,,,,,,,,,,,,
Canamalar
One does protest too much.
Now remember those five steps to acceptance them poor x-Rangers fans are going through. It appears your not even on step 1. Now stop banging that closet door.
MWD
They wanted a wee protest tonight
but they decided that it was too wet
Truth
A dreary Newcastle evening brightened up by this…
http://m.youtube.com/#/watch?v=P3_hyBbvFZI
You need to watch this, so catchy its replacing the SOS one!!
Bom dia,
In an era where the club formerly known as………just keep givin and givin in the mirth making stakes, I thought I’d share my own good news week with you.
Just over a year ago I was diagnosed with Prostrate Cancer (oddly enough had the operation on July 12th last year). I had my annual check up yesterday and all is well (and, more importantly, looks like that’s how it’ll stay).
So if there’s anybody out there having worries about the whole PC thing I’d just say the following:-
1) Ignore all the do’s/don’ts about the PSA check that’s been in the media recently. If you’re over 40 see the Doc about a Prostrate exam it could save your life (My PC was highlighted by a PSA test, turned out my Doc was bang on – the tumours they removed were malignant. Only unknown was how long they would’ve taken to grow to life threatening proportions)
2) Regarding having PC, all I can say is that it’s only natural to worry about all the tests/exams/uncertainty, but once you’ve committed to the operation it all becomes so much easier.
If anybody out there’s going thru it, get in touch. It’s always good to share experiences.
Viva A Revoluçaõ Verde!!!!
Sparkles
Wae too close to tea time for a protest.
MWD
If you’d seen ma missus a turgid 0-0 on a peeing December night against Inverness is better than sex…..
PS. Correction “…….If you’re over 40 (and male) see the Doc about a Prostrate exam it could save your life …”
:-)
Good to see you posting again MWD
MDW,
aye yer right any ****s a goal :o)
I hope, I just hope and pray that the choke hold Rangers FC have had on the actual ‘fabric’ riddled throughout Scottish Society has taken its first steps in 140 years of easing off.
Rioskorrie
So would that be an annual anal check up? :-)
Congrats on 1 year clear buddy. Keep them ole moonbeams crossed for you.
Hail! Hail!
Defo worth highlighting as I’m sure there are a few on here getting close to the ole poo in a pot and post age.
MWD