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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hamiltontim
Drink in moderation – that’s the best one I’ve seen on here all day.
Ha ha ha
Does no one find it strange that all these players are saying they won’t transfer to newco and does anyone think if the cardigan got control they would’ve transferred then.
FourGreenFields on 26 June, 2012 at 18:18 said:
hamiltontim
Drink in moderation – that’s the best one I’ve seen on here all day.
Ha ha ha
Cccccxxx c c c c
I have never met or imbibed with HT but he certainly sounds like a man of integrity, temperance and sobriety.
Or does he just not post in here when he is pissed??????
}}}}}}###
Celtic are now the ONLY Club to have played continuously in the Scottish top flight since it was set up in 1890
@garyamillar
Does moderation have a subway station? I don’t remember ever drinking there
Fourgreenfields
Bloody knew that a spy would ‘out’ me!! :-))
googybhoy
Couldn’t meet a nicer guy than hamiltontim , but I’ll let you make your own mind regarding the moderation bit , if you ever catch up with him for a beer / drink .
Googybhoy
I buy all my clothes when under the influence, it explains my suave, sophisticated ensemble for every occasion!! :-)
Paul McConville @Paulmcc12
RT@thesportslawguy: Directors of SPL clubs may be in breach of statutory duties by voting #Rangers Newco out of the SPL.>With respect, tosh!
moderation is next to the calton
Anyone know why Traynor has suddenly decided that the proper decision from a sporting integrity perspective is to put Newco in division 3? He is accusing the directors of bottling it and looking after their own selfish interests by allowing newco to get into Div one (which apparently has been agreed through loads of clandestine meetings that we know nothing about).
As the LL number one consumer of fine wine and lamb, I can only assume he has an agenda that is not apparent in this about turn to punish them to the limit.
Traynor’s column
Fourgreenfields
Or should that be Mr Pot…..I’m your friend Mr Kettle!!! :-))
hamiltontim
Your in good form tonight , have you been practicing your one liners again .
hamiltontim
I never claimed to drink in moderation , As long as the companies good I’ll drink anywhere.:-)))
Fourgreenfields
Na I’m still pished from Saturday :-))
I have half a day until 6 weeks holiday, that may go some way to explaining my current enlightened disposition!!!
Sounds good in all languages/vernaculars/
Whatever part of my club is dependent on Rangers I am willing to lose.
Quelle que soit la partie de mon club dépend de Rangers, je suis prêt à la sacrifiée.
Rangers Rangers get tae f………
Rangers Rangers obtenir de baiser
Cualquier parte de mi club que dependa del Rangers, estoy dispuesto/a a perder.
Paul67 et al
Prescience is the only word for it. Paul, you will forever be known as someone who was very much part of the Zeitgeist, where others buried their heads in the sand. And for that you deserve our thanks and appreciation.
Robert T
Decision (IMO) should be informed by what the purpose is.
If she wants to settle down, have her own home, live there for a long time, then by all means buy. The fluctuations in market price are irrelevant to her provided she has no reason or desire to move.
On the other hand, if she’s looking for a place for a couple of years, maybe taking a degree or similar, and foresees moving on either in terms of the city or the type of home, then rent. Hand the roblem onto someone else.
Much as you and Philvis have opposing views on many matters, his advice on this one is on the money. We all look for stability and hope for a return to normalcy, but I think we need to consider that uncertainty is the new normal. It’s gonna be here for a long time.
TBB
‘ Whatever part of my club is dependent on Rangers I am willing to lose.’
Beautifully stated , Paul.
Diametrically opposed to that lovely thought are the advices of those who would countenance the signing of the now happily deceased Govan Neanderthals’ custodian.
I would not have him if he agreed to work for the legal minimum wage.
I would sooner see Celtic relegated.
Bloke109 is Neil Lennon on 26 June, 2012 at 16:30 said:
The video Johnny Clash pointed us to earlier in this page.
Craig Whyte and the Loving Cup.
http://www.youtube.com/watch?v=-dJpf3zOXd4
=======================================
They just out-weirded Little Britain with that one.
hamiltontim
That was some session on Saturday right enough , suffered for it on Sunday though .
Getting old , can’t drink the way I used to .
Good to catch up though . :-))))))))
if this whoe tale does nothing for sport journalism in scotland then we are truly donals ducked.
jim Spence is an example of where sports journalism should be going. he hasn’t been fed scraps from the “top table”, he’s a genuine fan who has nailed his colours to the mast regarding his team. he also isn’t trying to save a newspaper in decline.
if Chico, jabba, et al. are still in place next season it should not just be no to newco but no to the bbc license as well.
time for a new bhoycot!!!
Dedicated to each Black Knight of the MSM Round Table.Sir Jabba,Sir Keith, Sir Darryl, Sir Shug , Sir Chico and many more
http://www.youtube.com/watch?v=2eMkth8FWno
I KICKED RANGERS WHEN THEY WERE DOWN – I’LL KICK THEM NO MORE BECAUSE THEY ARE DEAD NOW
MWD
Was in the car 5 mins ago , radio was on Talksport.
Some eejit on the phone from Edinburgh says “The problem in Scottish football is there are 2 massive clubs”
Any clues to who he was talking about ????
Moonbeams
I think I’ll have a wee kick every now and then , just to make sure :-))
“if Chico, jabba, et al. are still in place next season”
———————————————————–
They will be trying to ‘report’ on events in Scottish football without thinking how it might have affected their beloved Rangers(RIP 2012)
LET’S ALL KICK SEVCO
MWD
Neil Robertson @neilrobe
SFA “will not consider [Newco’s] request until [it] is playing in a recognised football league”. Why the Fri info deadline then? Bizarre.
hamiltontim on 26 June, 2012 at 18:29:
Suave is it, never heard that adjective used before to describe your garb…:)
Keep the Faith!
Hail Hail!
High profile Kyle Lafferty fails to get reported for walking away, maybe the BBC no longer cover the marching season.
Posted earlier but seem to be in total minority. Took a bit of flak for it but nothing has convinced me otherwise.
We the fans and our best players will get bored sh@tless within 18 months of no Huns game. Fans and players will leave.
No buzz ever like hammerin the Huns for me (at times better than sex!) Just made everything in life so much better…..I will miss the feeling.
Fourgreenfields
Always a pleasure my friend.
TBB
That stability comes in the form of a fixed rate mortgage. If you are able to get one now, with interest rates as low as they are, then that in conjunction with the lowest house prices in 10 years, it’s a great time to buy.
Lithybhoy
You must be doing it wrong :-)
Hen1rik – Paul tweeted earlier that he would blog on that later tonight (Friday’s deadline).
Lithybhoy
Will reposting it get you out of the minority?
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
hamiltontim on 26 June, 2012 at 18:53 said:
Lithybhoy
You must be doing it wrong :-)
LoL.