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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Dead and Loving it on 26 June, 2012 at 17:42 said:
their will be a few flats in the west end coming on the market shortly
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She won’t have the money to fumigate them!!!!!!
philvisreturns on 26 June, 2012 at 17:32 said:
RobertTressell – Quick one mate, and not the answer you are looking for but…
I’d advise your friend not to get on the property ladder for at least 2 years, unless she finds an amazingly brilliant deal or has some other reason compelling her to buy.
Have to disagree Philvis- now is a fantastic time to buy if you can get a mortgage. Prices are very low. It’s a buyers market. With the historically low interest rate it is brilliant time to purchase a very low rate on your mortgage.
sixtaeseven: No NewClub in SPL and it’s Non-Negotiable! on 26 June, 2012 at 17:39 said:
Quelle que soit la partie de mon club dépend de Rangers, je suis prêt à la sacrifiée.
Nice one, Paul!
Any other translations?
======================
Rangers Rangers get tae f………
Wonkyradar provided you don’t buy at your limit.
Evening all from a dreich North Ayrshire.
I was listening in the car about an hour ago to Radio Scotland. They have found from somewhere a “sports lawyer” who was telling all and sundry that legally the directors of SPL clubs had to vote the dead club into the SPL.
roy croppie
The dafties that react to anti Celtic newspaper stories *talks have broken down*
RT
She could be buying a bit of history
Just thought of another upside to thems being dead….. the subcrawl!
Used to do this every year but got sick of getting caught up in Bouncy’s and Southside (suicide) hun pubs hassle.
Looks like I can organise one again, shortly. Maybe a CQN one in the near future!
HH
By the way Philvis, just to restore the balance of the universe, the ying and yang, restore the chi and all that……
Personally I would recommend a wholesale nationalisation of all empty housing stock to be rented out to whoever needs or wants them and a rolling programme of ‘Council House’ building to be reintroduced.
That’s better……
That would help control artificially high housing prices too
Cualquier parte de mi club que dependa del Rangers, estoy dispuesto/a a perder.
dispuesto for the bhoys, dispuesta for the ghirls
Dead and Loving it on 26 June, 2012 at 17:49 said:
RT
She could be buying a bit of history
————————————————————-
True, but think of the shame…….
bournesouprecipe
the internet bampots should know better :)
RT
Rangers Rangers obtenir de baiser
Art of War on 26 June, 2012 at 17:49 said:
Subcrawl, Stadium bar.
Drinks downed and empty glasses back on the bar before the guy turned round with the change.
ParkheadcumsalfordwhoisNeilLennonand PaulMcBrideandTrishGodman on 26 June, 2012 at 17:49 said:
Aye he’s the legal aid rep from the Loudon..
RobertTressell on 26 June, 2012 at 17:47
Perchance, would that be:
Rangers Rangers get tae France.
;o)
RT
True,tell her to just walk away
hamiltontim – Are they bargains relative to the crazy cuckoo-bananas madness of 2007 prices, or bargains compared with the historical average of prices trending around 3 times local income?
At the moment we have:
* The lowest interest rates ever
* The Eurozone teetering on the brink of collapse
* Another round of bank crises on the horizon
* Real government cuts around the corner
* A struggling economy encumbered by nightmare levels of debt
* Millions of homeowners struggling to make their monthly mortgage payments
It isn’t going to take much to blow down that house of cards. (thumbsup)
RT
plenty of local housing associations in the area..
heading out but drop me an email and I will get back to you later..
username@aol.co.uk
•-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on 26 June, 2012 at 17:51 said:
————
Hahaha, same! We were wearing rainmates tho so must have thought we were raving loonies or local! ;-))
RobertTressell – Personally I would recommend a wholesale nationalisation of all empty housing stock to be rented out to whoever needs or wants them and a rolling programme of ‘Council House’ building to be reintroduced.
Unfortunately (or fortunately, depending on whether you think grand socialist follies are a good thing) we’re broke. (thumbsup)
re leftclicktic on 26 June, 2012 at 17:22
makes perfect sense doesnt it. there’s a lot of money to be made in this liquidation process. Watching these venture capitalists and co in action’s a bit like settling down in front of the telly as David Attenborough takes you through one of those animal food chain scenarios. the bigger the carcass the more vultures there are. animals further down the food chain are waiting patiently for their turn too. it aint pretty but it sure is fun to watch ( no, not the poor animal….I mean Rangers of course… being torn apart, devourved, regurgitated, then eaten again. Yummy, yummy) It’s nature at it’s best if you ask me.
ps off topic, but where’s the feckin spell check function on this site?
Ron Bacardi on 26 June, 2012 at 17:08
Here’s a copy of my email to Dail Mail this morning on seeing their headline on front page .
Dear Mr. Madeley ,
I am writing to you regarding today’s front page headline and article in the Daily Mail , 1. The club formerly known as Rangers are in the process of liquidation and as you know will no longer exist when that process is complete .
2. As the club will no longer exist they cannot be ejected from the SPL , as they won’t be part of that league .
3. Despite this campaign by the Mainstream Media or Laptop loyal , Rangers will not continue as a club and until they get a) a licence
b) a league to play in
c) players
d) banking facilities
e) new name etc
then they do not officially exist . No matter how much you keep calling them Rangers , the club of that name are now gone , along with their history .
As you and the rest of what passes for a media in Scotland already know all of the above then it would be professional to report the FACTS and not what you would prefer to be the case .
Perhaps when this is all over we ( the rest of Scottish football ) might end up with an unbiased media and SFA / SPL where the rules are applied without fear or favour to all and not this pro Rangers ( now in liquidation ) situation which exists at the moment .
Yours in Scottish Football .
Perhaps if you have time you might respond to the points raised above.
Many thanks
No response yet ha ha
AoW
one of the femailes I worked with is doing the very same thing for her hen night…
that could get messy, she is a follow follower of that old club from the South Side though o)
over and out..
RobertTressell:
St George’s Cross area, Woodside, Garnethill and the Finnieston area around the Mitchell library are all very close to the city centre, fairly cheap and relatively safe. Further afield I would say up and coming is definitely Partick, around Dumbarton Rd, closer to Byers Rd the better.
Afternoon all,
I saw someone earlier mentioned your queenie visiting Irelands lovely green land to be greeted by this:
http://twitter.com/susanne_gibson/status/217660956031979520/photo/1
Well done the lads that worked on it.
Hail Hail
Philvis
I’ve looked at fixed term mortgages for her with great interest rates.
If the lender gives her the go ahead then she’ll be getting a better deal than most people would have got in the last 10 years.
philvisreturns on 26 June, 2012 at 17:54 said:
At the moment we have:
* The lowest interest rates ever
* The Eurozone teetering on the brink of collapse
* Another round of bank crises on the horizon
* Real government cuts around the corner
* A struggling economy encumbered by nightmare levels of debt
* Millions of homeowners struggling to make their monthly mortgage payments
It isn’t going to take much to blow down that house of cards.
Agree Philvis- thank goodness we resorted to a communist style bailout of the private banks with tax payers money…but then I would have preferred to see them fail, as should be the case in a pure capitalist economy.
There seems to be a lot of ex huns walking about round my way with retro blue football tops on, are retro tops in fashion or can any of you bhoys explain this, I also saw one with union joseph shorts and a retro orange top. While I do not keep up with fashion fads all that much I have taken to wearing my retro black and dark green vertical striped old Celtic away top but I have received funny looks from the young fasionistas. Can any of you young hip bhoys explain what I am doing wrong?
BT – Don’t think the Stadium Bar will be open too much longer. (Might have to surrender their license).
This happens when your passing/walking trade is gone! Muhahaha!!
What’s a Subcrawl???
hamiltontim on 26 June, 2012 at 18:09 said:
What’s a Subcrawl???
Something you do when you’re young and stupid. Buy a day ticket for the subway, get off at every stop for a drink.
hamiltontim on 26 June, 2012 at 18:09 said:
What’s a Subcrawl???
In my day it was a pub crawl of all the pubs nearest to every stop. A different drink in each and on and off the subway. Hard going.
Sparkleghirl
I drink only in moderation so that would never appeal to me :-)))
•-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on 26 June, 2012 at 18:10 said:
We tried it once on the Central Line, got very messy somewhere out east!!
hamiltontim on 26 June, 2012 at 18:12 said:
I drink only in moderation so that would never appeal to me :-)))
I’m not saying I’m any less stupid these days than I was back then, but I doubt I’d get further than 3 stops these days.
Waste of a ticket.
They should just go and do the equivalent of crawling under a stone for at least the next twenty years to allow Scotland and scottish football to get rid of the most sectarian, bigotted and obnoxious peepil who should be figuratevly
exterminated
hamiltontim on 26 June, 2012 at 18:12 said:
Sparkleghirl
I drink only in moderation so that would never appeal to me :-)))
Think it would probably kill me now.
As bad enough when I was a student.