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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Arty
No – only the official CQN cricket correspondent – You would be surprised how many closet cricket fans are on the b(l)og.
Got a couple of lines from a song from 50s/60s I think and they are driving me bonkers trying to remember the song. I can just hear the words floating out from Green’s boardroom right now:
“Knock three times on the ceiling, if you want me;
Twice on the pipe, if the answer is no-o.”
Anybody?
knock 3 times maybe ???
Arty,
just a wild guess but I’ll plump for ‘Knock Three Times’ by Dawn ;-)
Arty
http://www.youtube.com/watch?v=AUXoFGopZnQ
Also, Tie a yellow ribbon
Having met fans of many other clubs, I have often thought that too many Celtic fans have been to ready to label these fans as Huns without the bus fare. ICT = Highland Huns; Hearts= Edingburgh Huns; Kilmarnock = Ayrshire Huns; Motherwell = Hun manager therefore fans hope to lose to Huns etc.
Recent events have shown quite clearly that the majority of those fans had no love at all for the deceased Rangers. Just the opposite ,in fact.Hopefully, therefore, irrational hatred will disappear along with the main cause of it.
Of course , all of those Clubs` fans will contain an element who reserve a dislike for Celtic which goes beyond football rivalry but let`s banish all Hun labelling to the same dustbin wherein the Club who really deserved the label now lies.
JJ
Tony Orlando and Dawn – Knock 3 times
Jungle Jim
Agree the H word should die with them
Jungle Jim on 26 June, 2012 at 19:50 said:
watch out Jim…I got abuse for saying that the other night
Incidentally, has anyone heard fro Edward Ursus of late?
JJ
Sparkleghirl
Yes, there’s been 2 or 3 threads deleted concerning their protests.
I’m so tempted to attend, but it’s nearly 8pm. AW SHUCKS
Magnificentseven,
aye but it was the WAY you said it… ;-)
Rioskorrie –
Well done on the year, and hope for many hapy years to come for you
Gene and Seven
We have our element as well ( Celtic, not CQN)
Apologies if already posted:
http://www.teamtalk.com/celtic/7842543/Celtic-favourite-back-in-Toon
Hmmmm…
ANother interloper
Was great to meet the other 9 who were at Ibrox tonight
Shame it wasn’t more, but hopefully the momentum will build
Sadly nobody was in Ibrox to speak to us, but at least we tried
‘It’s all Over Now’ – great song by The Rolling Stones and very apt for Rangers (to be liquidated) and their fans
Summary from HELBHOY on KDS
Wed 20th
*A guy who paid £15,000 to play in O’Donnell’s tribute game bids for the huns
*His business partner and himself have been involved in over 50 liquidated companies
*Newco is rumoured to be considering buying English side Bury and moving to England
*Celtic fans via press say they will ‘Bhoycott’ if newco get back in SPL
*Comes to light Palermo rejected CVA, Arsenal and St Etienne had accepted
*If 5 or more clubs vote no, Rangers will need to apply to SFL Division Three
Thurs 21st
*Green allegedly can’t afford to pay wages for the following week
*Romanov says former owners of huns are football mafia & he will say ‘No’ to newco in 4th July vote.
*Jim Spence tells Rangers fans sending him death threats that he ‘doesn’t do walking away’
*Season ticket renewal money is still being paid into (and held by) soon-to-be-liquidated ‘oldco’ Rangers.
*Inverness issue statement saying minority of their fans feel Rangers have been punished enough
*Dundee United supporter groups meet with club and vote unanimously against zombie Rangers
*Dundee United website crashes at 9.20pm after club announces official statement would go up at 9pm
*Celtic still have yet to comment on hun fiasco or vote
*Richard Gordon applauds clubs’ courage for publicly voting against newco
*Following players contracts expire –
Grant Adam
Sone Aluko
Kyle Bartley, end of loan from Arsenal
Gordon Dick
Scott Gallacher
David Healy
Chris Hegarty
Salim Kerkar
Andrew Little
Sasa Papac
Andrew Mitchell
Fri 22nd
*Jim Spence says Aberdeen will vote against
*Aberdeen deny it and say they have yet to decide
*Aberdeen say they will vote against
*Judge Hodge orders investigation into Duff & Phelps after BBC programme revealed conflict of interest
*Lloyds bank seriously concerned over season ticket money still being paid to oldco account
*Claudio Caniggia, who banked £1M tax-free through an EBT, is quoted as saying “It is very sad” what has happened to the club
*Season ticket deadline for huns is extended to 11th July even though they have no league to play in
*SPL clubs (excluding newco) to meet at Hampden on Thursday ahead of 4th of July vote
*McCabe walks away, first player to reject transfer to newco
*Second unnamed player has lodged objection to being moved to newco according to BBC’s Alisdair Lamont
*MacGregor spotted entering lawyers office earlier in the day
Sat 23rd
*Aluko is named as the second player wanting out of dodge
*Falkirk and Raith Rovers chairmen says newco have no right to go straight to top division of SFL
*Aberdeen reported to still be undecided however largest shareholder is extremely against SPL re-entry for newco
*St Johnstone will vote ‘No’ to newco in 4th July vote
*McCoist says agents are touting his players all over UK
*Jim Spence says huns need a 75% vote (approximately 23 clubs) to enter SFL in any division (1,2 or 3)
Sun 24th
*Whittaker and Naismith join the rebels, both want to walk away without the club getting a fee
*Whittaker says ‘It’s purely a footballing decision. It’s a new company. There’s no history there’.
*Newco owner Green threatens legal action against any player who doesn’t transfer contract over
*Green also wants to sue any clubs ex-Rangers sign for
*Daily Record says Davis, Lafferty & Bocanegra also set to abandon ship
*Rapid Vienna officially complain to UEFA & FIFA about being stiffed for over £1m for Jelavic
*Hibs latest club to say ‘No’ to Sevco
Mon 25th
*Gordon Smith desperate for anyone to listen to him say he now wants newco in Division 1
*Craigy Whyte takeover now part of a Strathclyde Police criminal investigation at behest of Crown Office
*Newco have sold less than 1000 season tickets (total) according to Phil MacGiollaBhain
*Green asked for his opinion on Hibs statement. Said he didn’t know they planned to vote ‘No’
*Inverness and St Johnstone say ‘No’ to Newco. Aberdeen also confirm it’s a ‘No’ from them
*Neil Lennon’s birthday
Tues 26th
*Raith Rovers and Falkirk say No to Newco entering Division 1
*hun ‘starlet’ Jamie Ness latest to run away
*Lee Wallace says he wants to see out his contract
*Kyle Lafferty refuses to sign up for Green’s newco
Alasdair Lamont @BBCAlLamont
An announcement’s expected shortly on more players objecting to the transfer of their contracts to Rangers newco. Could be up to 4 tonight.
Alasdair Lamont @BBCAlLamont
An announcement’s expected shortly on more players objecting to the transfer of their contracts to Rangers newco. Could be up to 4 tonight.
Just keep giving and giving…JCGE…
Keep the Faith!
Hail Hail!
I’ve got into an awful habit lately. anytime i can i drive last the Victorian toilet block for a wee look.
i was there just after seven.
not a one of the people in sight. not a one.
Brendan-Behan
First Celtic Game was 1978. Season ticket holder.
Only post on here rarely when something irks me.
Not at the wind up here, just as joyous as the next man when Huns took a dirtnap. But now that the dust is settling and the saga becomes more and more corporate and boring to the ordinary fan (well me at least), the time has come to focus on the impact this will have on us.
Can anyone tell me how and why the absence of the Hun game in the long term will make things so much better? Cannot fathom how so many people are glad to see the back of it. It was a great fixture and there is nothing to replace it domestically.
As time goes by the league will become incredibly boring. I don’t believe that other teams will flourish. My fear is we will get worse. Before the aim was to keep one step ahead of them (something that eventually killed them trying to do likewise to us). That is no longer necessary. Being one step ahead of Hearts is meaningless. Our best players won’t want to stick around.
If a zombie club is to appear then let us at them to destroy on a new level playing field. The taste will be sweeter than ever to know we seen off and outlasted the last mob and can now exert absolute control and authority on this mob.
I
RobertTressell on 26 June, 2012 at 19:28 said:
this way, political systems promising security and social justice have been replaced by piracy, “austerity” and “perpetual war” – an extremism dedicated to the overthrow of democracy. Applied to an individual, this would identify a psychopath. Why do we accept it?
“We” accept it because most people have become desensitised to what is happening to others, particularly overseas, but also in this country. It is the atomisation inherent in the crass individualism of a consumerist led culture where empathy for others becomes obsolete, a process exacerbated the deeper we retreat into our bubbles of selfhood. Society is rapidly turning psychotic en masse: people in general have little or no concern for others, cannot control immediate gratification and are encouraged to operate through the medium of a dog eat dog ethic. Many young folk are politically illiterate, which is what the ruling elites want. This happened because people in general felt disenfranchised from the political process- Labour & Tory, republicans & Democrats are more or less perceived as the same. So people think: what’s the point of voting if nothing that really matters changes.
Can democracy really exist in an advanced industrialised society?
As the Queen is visiting the 6 counties today and tomorrow, a massive protest banner was erected on the Black mountain overlooking the whole of Belfast….
http://www.bbc.co.uk/news/uk-northern-ireland-18594713
Criticised by DUP MPs, reports are coming in of up to 50 Loyalists have made their way up and destroyed the flas and words and are involved in hand to hand combat with the protesters!
Nuts!
SFFS
‘Ally’ Lamont………typin’ thru the tears…………………
Aye.
Everyone should listen to the DR’s podcast today, traynor has a meltdown around 9 mins in regarding internet bampots. Hysterical, bunch of hurting huns
see the mad we are the 12th man post from the other day is it actually literal.
i mean there are only twelve of them
Lithybhoy on 26 June, 2012 at 19:59 said:
Let’s agree to meet back here in 5 years and see who was right. Whether scottish football died or whether it flourished.
Lithybhoy
I agree. Let them into the SPL with no sanctions and no contrition and no need to pay back the monies they owe us and many others. No European ban – we should actively work with them to have this overturned – and certainly no transfer embargo or for sure no points penalty. On top of that, we should be engaging in more joint revenue stream ventures and we should be advocating a new Glasgow Cup, two legs live on Sky to give them a wee boost. I buy my season book for two home games and the ability to buy two away games, anything else, well, just isn’t cricket. We could, by the way, buy their players and lease them back to them on low-interest rates. Darn I would miss them so much.
RobertTressell / wonkyradar –
Have you ever read “Complicity” by Iain Banks? You might enjoy it.
I’m bored
Can we go after a new target, this one died weeks ago
Let’s just paint bullseyes on Smith, Murray and Souness and see them go the same way as Maxwell and Stanford
IMO
Dont click on the rockets that would do us down. Bhoycott.
Why are they all leaving something stinks here.
when they have their gates padlocked perhaps they could use these keys to unlock them
http://www.flickr.com/photos/white_wolf/2760797844/
You never know
Lithybhoy on 26 June, 2012 at 19:59
Thanks for the response,,
short term, Europe, Long term : This,
http://www.youtube.com/watch?v=jxNEiZhpinY
Barcabhoy
Too right. How likely?
•-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on 26 June, 2012 at 19:55 said:
ANother interloper
Was great to meet the other 9 who were at Ibrox tonight
Shame it wasn’t more, but hopefully the momentum will build
Sadly nobody was in Ibrox to speak to us, but at least we tried
—
Bahahahahahha
It’s only gonnae get worse. This time next week it’ll just be wan ragin’ hun and his dug!
They truly are a stupid, stupid bunch.
HH
/Bishop B
hen1rik on 26 June, 2012 at 20:08 said:
Why are they all leaving something stinks here
maybe they have just realised they are dead :-)