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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ASonOfDan on 26 June, 2012 at 15:53 said:
Ha ha , Hunbelievable, ………..stupid stupid Huns.
Hail Hail
If Newco enter administration this week, can we hold over the 10 point penalty and apply it to the NewNew Co?
If you know what i meam.
TBB,
hoping your interpretation is as good as your TUPE understanding,
I raised the issue of rules like this last night, total rationalisation of rules of association is needed, too many discretionary powers available for currupt application.
Seeing a few posts that sevco are going into administaration next week.
Philbhoy – did you say noonooco? http://users.telenet.be/kiddies/noonoo.htm
Hun-ty Dump-ty
Hun-ty Dump-ty cheated on all,
Hun-ty Dump-ty had a great fall.
All the Orange marches and all the orangemen
Couldn´t put Hun-ty together again.
Aye ready, steady, flushhhhhhhhh!
Do you think Jardine is gathering those who will not transfer to Sevco, wishing them all the best and telling the players “Never to sign for THEM!”
Stupid, deluded, fighting fund marching hun…
Worth a repeat now, what do Naismith and the other players know, that made them jump before pay day?
Poor Chuck was beginning to despair because his Newco wisnae wanted anywhere.
He’s gonny spend the last of his cash on a snorkel ’cause he heard there’s 20,000 leagues under the sea.
JulesVerne CSC
Groups of People you cannot reason with:
Those who reject the Holocaust.
Flat Earth Society.
Those who reject that greenhouse gasses are causing climate change.
Those who maintain that there is no link between smoking and lung cancer.
Rangers: “New Company, Same Club”
so what happens when there is NoCo playing anywhere in Scotland.
will people playing in retro Rangers tops in kickabouts across the country count as their 141rst season? :D
ARTY 1600
I cannot disagree with a word;I have frequently cautioned that they will be out for vengeance.
The hurting hun,the mob-mentality,the resentment and the hatred are a poisonous mix.
Maybe they should try to interpret the lyrics of this.
http://en.wikipedia.org/wiki/Like_a_Rolling_Stone
The finest GIRUY ever to someone who thought they were just better.
“Walkaway” by Stocktons Wing , maybe Sally should have a listen for inspiration!!!,
chorus has good lyrics
We walk away
Talk away
Looking for someone to blame
Feeling fine singing a line
I can see no other way
Walk away
http://www.youtube.com/watch?v=GiHrnOyghKY
If any of you are having a difficult day, simply go on to You Tube and spend 50 seconds watching the “Craig Whyte Loving Cup” footage.
You’re welcome.
Charles Green has announced that the recent technical glitch at RBS will delay the paying of staff’s wages on Thursday. When informed that rangers actually banked with LloydsTSB, he immediately handed the press conference over to Ally McCoist who shouted “Who are these people? We have a right to know!” before they both hastily departed…
Kyle Lafferty does walking away.
Don’t walk away Laffey
4topsCSC
Shame that the Tippeligaen in Norway has already started their season.
The ‘Norwegian Blues’ could have applied there..
Losing another player is like…….er………signing another new player.
Mark Hateley.
aw man, its been far too quiet today, we want more walkaways!!!
BMCUWP,my apologies posting sober is just daft/
Given the number of players who have walked away, how many have actually transferred to Sevco? And how little money have Green & co actually put in if they can’t afford one month’s wages?
I’ve seen Ness and lafferty reported on here but apparently Fleck is also Walking Away.
SwanseaBhoy
Anyone think Chuck is not only out of his depth but regretting getting involved at all?
Fud.
TIMMY7NOTED 1618
Darn right,you won’t catch me doing that!
Prescient indeed Paul.
The most significant thing for me has been the demolition of the myth that the MSM can influence opinion.
Thanks to sites such as this no one goes to the print media for news any more. Well at least if they want the truth that is.
H.H.
Philbhoy – It’s just the beginning! on 26 June, 2012 at 16:21 said:
Anyone think Chuck is not only out of his depth but regretting getting involved at all?
Fud.
To be fair i think most people regret getting involved with that mob :)
Hail hail
bleedgreenandwhite1
Apart from Duff&Duffer who made £5 Million out of it…
ibgaw
Good point!
Unless you are duff and duffer.
Are they still charging their hourly rate of £700 ish?
Well apart from duff and duffer :) lol lol
Hail hail
lincolnshire poacher on 26 June, 2012 at 16:11 said:
”Those who reject that greenhouse gasses are causing climate change.”
A hypothesis incapable of proof, so probably wise to keep an open mind.
Fat Derek Johnstone in the Glasgow Evening times ” let the fans have say on where club should play ” this is regarding whether the hun should go to div one or div three.
But he then goes on to say “Listen my view on clubs consulting their supporters over their decision on this matter is a serious cop out. Chairmen and directors should be making the call on such a big decision rather than allowing the lunatics to take over the asylum” This what he thinks of the SPL chairmen who listened to their fans and chased newclub. Ah DJ ye must be hurting no Real radio gig no ET column how ye going to keep up those CSA payments.
The TriColour is offensive apparently…
A large Irish tricolour has appeared on the hills above west Belfast, with the message: ‘Ériu is our Queen’.
North Belfast MP Nigel Dodds has criticised the sign.
“The packed streets which greeted the Queen upon her arrival in Enniskillen are representative of the affection and respect which people have for the Queen and the Royal Family, ” he said.
The sign “is indicative of a tiny minority who refuse to move forward,” he added.
“I would hope that people will not be distracted from this celebration by something, which whilst offensive, is a futile gesture highlighting nothing other than their own failure.”
“It is very unfortunate that a small group of republicans cannot respect the views of the vast majority of people in Northern Ireland but have deliberately attempted to provoke a reaction through erecting a large sign on Black Mountain.”
The DUP have asked police to remove the sign, as has TUV leader Jim Allister.
“This is clearly conduct liable to cause a breach of the peace. I look forward to swift action from the police,” said Mr Allister.
The video Johnny Clash pointed us to earlier in this page.
Craig Whyte and the Loving Cup.
http://www.youtube.com/watch?v=-dJpf3zOXd4
DontPatmadug
DJ is a fat, pie munching idiot.
Philbhoy – It’s just the beginning! on 26 June, 2012 at 16:21 said:
Anyone think Chuck is not only out of his depth but regretting getting involved at all?
==================
I think he will be well rewarded for doing a job for someone else who that someone is remains a mystery.;)))))
I just dont think he appeared from nowhere and was selected over others .
WHERE IS OUR HERO CRAIGY BHOY ,Green himself told us that if a CVA were rejected his shares reveert back to CW, many more gifts to come on this story me thinks :)))
conspiracycsc
DONTPATMADUG 1629
No ET lookalike competitions for him either.
Dear,dear. How will he get by?
BoveredCSC
Aluko aside, all those who say they aren’t going McCabe, Naismith, Whittiker, Lafferty, Ness, Fleck and Davis (to be announced) are all either Scottish or Irish, the very players you would say are fans as well as players if rangers. (unlike the Americans or Romanians for example).
Is it beyond the realms of fantasy that 13 or 14 rangers players, all of the fan variety, do not transfer over, then join together to announce they are joining a brand new club, with say Walter Smith at the helm, who announce they are the continuation of rangers IA, they are going to rent Hampden for a year, and apply to join the SFL?