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SPL propose rules for Newco FC

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We told you back in October last year that Rangers were likely to be liquidated and a Newco FC would be formed, which the SPL would vote back into the league.  Today the SPL issued terms of how the deed will be done as they issued 8 resolutions to be voted on later this month.

The key resolution is 2A, which establishes a procedure to phoenix a Newco into the place of an ex-club.  Crucially, this resolution only requires the support of 8 SPL clubs, all 12 of whom will be eligible to vote at the meeting.  5 clubs would be needed to block this proposal and right now there is only one willing to do so.

Resolutions are as follows:

Resolution 1 proposes an increase in the sporting sanction (points deduction) on any Club which suffers or is subject to an Insolvency Event from 10 points to the greater of 15 points and 1/3 of the Club’s SPL points in the preceding season.

This resolution increases the penalties imposed following an insolvency event, it requires the support of 8 clubs to be carried and should be supported.

Resolution 2A proposes further sporting sanctions in the event that any Club undergoes an Insolvency Transfer Event (i.e. transfers its share in the SPL to a new company where this occurs because of the insolvency of the transferor) of 10 points in each of two consecutive seasons from the Insolvency Transfer Event.

This resolution provides for an ‘Insolvency Transfer Event’, defining what happens when a club ceases to exist and a Newco FC is formed.  No provisions currently exist for such a scenario and I see no reasons to introduce any.  The resolution requires the support of 8 clubs to be carried and must be opposed.

Resolution 2B proposes revisions to the fee payment arrangements i.e. SPL fees to any Club which has undergone an Insolvency Transfer Event will be reduced by 75% in each of three consecutive seasons from the Insolvency Transfer Event.

This resolution provides for a financial penalty in the event the Insolvency Transfer Event resolution is voted through and requires the support of 11 clubs.  This is an outrageous and arbitrary increase in support required to impose financial sanctions.  All an Insolvency Transfer club needs is the support of one other club to halt financial penalties.

If resolution 2A is passed, resolution 2B should be subject to the same voting criteria and must be supported.  The SPL must ensure a financial penalty is imposed for financial misdeeds.

Resolution 3 proposes extending sporting sanctions where an Insolvency Event is suffered by a Group Undertaking of a Member Club of the SPL (Group Undertaking is defined in Section 1161(5) of the Companies Act 2006).

This resolution confirms insolvency events at group owner level are applicable to the club, requires the support of 8 clubs and should be supported.

Resolution 4 proposes updates and extensions to the definition of Insolvency Event in the SPL Rules.

I assume this is an administrative requirement and needs the support of 8 clubs.

Resolution 5 proposes updates and extensions to the definition of Insolvency Event in the SPL Articles and clarifies the process in the event that a Member which is the subject of an Insolvency Event is required to transfer its share in the Company.

This is a technical resolution defining how clubs lose or transfer their share in the League.  It requires the support of 11 clubs but it is not clear if has any consequence, more than clarifying administrative procedures.

Resolution 6 proposes a specific requirement in the SPL Rules that Clubs must pay their Players in terms of their Contracts of Service on due dates and places a duty on any Club to report any failure to pay its Players in a timely manner to the SPL.  Failure to pay Players and / or to notify such failure to the SPL would be a breach of SPL Rules.

This resolution should enhance fair play, requires the support of 8 clubs and should be supported.

Resolution 7 proposes a requirement in the SPL Rules that Clubs report to the SPL any failure to make payments to HMRC in respect of PAYE and NIC (a Default Event).  Any Club suffering such a Default Event will be subject to a Player Registration Embargo.  Any failure to report a Default Event shall be a breach of the SPL Rules.

This resolution prohibits clubs in tax arrears from signing players, requires the support of 8 clubs and should be supported.

If only they would pay their taxes we would not need to bother with any of this.

More on the consequences of these proposals later.

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  1. themightyquinn on

    Nobody does it better!

     

    Makes me feel sad for the rest!

     

    Nobody does it!

     

    Half as good as hoops!

     

    Celtic are the best!

  2. Dontbrattbakkinanger on

    Modren Resolution 2A proposing further sporting sanctions in the event that any Club undergoes an Insolvency Transfer Event is rubbish.

  3. Paul

     

     

    If you have a email and direct phone number for Peter Lawell this is the time to post it on here! I don’t give a eff if might upset him, just get them published!

  4. Neil canamalar Lennon hunskelper extrordinaire on

    Auldheid..,

     

    have you any comment on UEFA rule incursions

  5. The Honest Mistake loves being first on

    Paul67,

     

    These rules allow for a Newco that retains a place in the SPL.

     

    I fully expect the Newco to take the governing body to court to change the rules as soon as it has been formed.

     

    Seems like a switcheroo.

     

    Are Celtic and her supporters stupid enough to stand and watch this?

  6. I am Neil Lennon e El Juarez Bravo on

    Paul 67, do you have any information on whether we can expect a public statement from Celtic on the proposals?

  7. A shameful fix. Morally bankrupt. A Cheats Charter.

     

     

    Three headiness you won’t see in the press tomorrow.

     

     

    An “Insolvency Transfer Event” should be specifically outlawed. A bankrupt club ceases to exist, its share goes back to the League and the League reallocates it based on sporting criteria.

  8. I take it this is what the ‘gang of 10’ were discussing without us. Shocking. Absolutely shocking.

  9. andycol is yet another Neil Lennon on

    This stinks. Has anyone asked the banks to whom so many SPL clubs are indebted what they think about this? Will they call in their debts? Have any of the SPL geniuses considered what effect these changes will have on the already shaky credit ratings of the clubs? Not only corrupt but incompetent. Will HMRC require surities of all SPL clubs before allowing them to trade?

  10. Paul67 – I hope Peter is now sitting down with Neil saying he has a budget of £110m for the summer. As 3 years of a wrist slapping will be worth watching us and our new player bling spank Europe’s finest for a few years at Celtic Park, hey we might even get another Seville out of it but go 1 better this time.

     

     

    Sign me up!

     

     

    Jam today, to hell with the consequences!

  11. Voguepunter, deleted, language.

     

     

    Greenjedi, I know how the club feel about this and I am sure, very sure, they will vote against the contentious resolution. The question put to me was, “Who will stand with us?”

     

     

    No one, is my guess.

     

     

    Honest Mistake, short of going out of business ourselves I am not sure what we can do but seek support to oppose the resolution.

     

     

    El Juarez Bravo, Celtic were surprised by these proposals today. No statement ready yet.

  12. Sir Paul..

     

     

    So there is tae be a flurry o’ new.. New? Resolutions tae be pit afore the Leaugue Membership..

     

     

    So far.. so good..

     

     

    Ah hiv a Question fur you,kid.

     

     

    “Whit wull be the Upshot if.. Several o’ the New Resolutions Dae Not

     

    Get the Required Number of YEAS??”

     

     

    Which Ah wid imagine, wid mean the Those New Resolutions ,so affected,wid no Pass…

     

     

    Please set me aright.. as tae whit wid be the Consequence if that be the case.

     

     

    Kojo

     

    Still Laughin’ ..like Hell.

  13. Remember D&P, the SFA, the SPL and UEFA have had talks recently where all parties signed a confidentiality clause.

     

     

    This was the carve-up. Newco Rangers will be admitted into the SPL and probably into Europe as well.

     

     

    Time to give up or get out.

  14. So it has come to pass.

     

    The next step is now for liquidation and then ” son of ” to emerge which the MSM will conveniently treat as owning the same ( dark/ shameful / glorious….. Delete as appropriate ) history.

     

    The same people will support the new club and things will progress from there.

     

    Celtic’s public reaction is now critical as is HMRC ‘s position on the newco phoenix monster.

  15. Does this effectively move us toward the American franchise model? A closed league with a set number of teams and the ability to transfer the ‘franchise’ from one bakrupt company to the next prospective bankrupt company with no real penalty.

  16. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Paul67

     

     

    So you think Celtic should legitimise the proposals by not not abstaining from the vote ? ;-)

     

     

    Hail Hail

  17. “Resolution 5 proposes updates and extensions to the definition of Insolvency Event in the SPL Articles and clarifies the process in the event that a Member which is the subject of an Insolvency Event is required to transfer its share in the Company.”

     

     

    We need to see the exact wording of the changes proposed to make a judgement on this one. It could be nothing other than a minor adjustment or it could be the establishment of a process whereby an “Insolvency Transfer Event” becomes automatic and doesn’t need the approval of the League.

  18. StMichaelsBhoy2 on

    I’ve just sent a couple of tweets to UEFA, linking to the SPL proposals on their website, hopefully to bring to their attention the stitch-up being prepared.

     

     

    I’d send a tweet to Michel Platini as well, but there’s a few Platini’s on twitter, and I’m not sure which is the genuine one.

     

     

    Could anyone write a pro forma letter we could all email to UEFA? They’re our only hope of stopping this Masonic corruption.

  19. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Paul67

     

     

    So you think Celtic should legitimise the proposals bynot abstaining from the vote ? ;-)

     

     

    Hail Hail

     

     

    oops one not to many

  20. tommytwiststommyturns on

    Who actually decided which resolutions need eight or eleven club members?!

     

     

    TTTTconfuseddotcom

  21. Questions.

     

    1.Who drew up these proposals?

     

    2.When?

     

    3.Why (now)?

     

    4.At whose behest were they drawn up?

     

    5.What happens if rangers are still in admin at the start of next season?

     

    6.What happens re relegation/promotion at the end of this season.

     

    7.Is it normal practice for Celtic FC to be so fullsome in it’s congratulations to a team being promoted as thet were today re Ross County?

  22. I am Neil Lennon e El Juarez Bravo on

    Celtic do still hold an ace in this whole process. As I’ve stated before if the SPL needs Rangers so badly that they will bend the rules to accommodate their cheating then have no doubt that it needs Celtic as well.

     

     

    Resignation may be our last resort. I am sure that in the current economic environment there are other leagues that would welcome a solvent, financially stable, commercially strong club with a world-wide fan base.

     

     

    To hell with the SPL.

  23. StMichaelsBhoy2 on

    If this goes through, I don’t know if I will be able to cut myself off from Celtic.

     

     

    My head would say I never want to watch an SPL match ever again. My heart would drag me back.

     

     

    If it goes through, I would call on Celtic to resign from the SPL with immediate effect. I’d rather we didn’t have a league to play in than play in what the SPL will become.

  24. I would rather our club resigned from the SPL and even ceased to exist, than be a part of a Cheats Charter

     

     

    If this gets the go ahead, thousands will walk away from Scottish football

     

     

    Myself included

  25. StMichaelsBhoy2 on

    Scottish football has always been a Rangers Protection Racket.

     

     

    This will just make it explicit.

  26. Paul67 on 11 April, 2012 at 16:27 said:

     

     

    ”Greenjedi, I know how the club feel about this and I am sure, very sure, they will vote against the contentious resolution. The question put to me was, “Who will stand with us?”

     

     

    No one, is my guess.”

     

     

     

    In which case the Celtic Board need to do more than vote against.

     

     

    They need to go nuclear.

     

     

    If they have the balls they can stop this.

     

     

    Resign and apply for the vacancy in the third division.

  27. Posted this on the previous thread as the new article went live

     

     

    bunburybhoy on 11 April, 2012 at 16:14 said:

     

    So let’s everyone mull this over till tomorrow…

     

     

    I agree with you re mulling it over to a degree. That said, it’s my second post in the last 20 minutes or so! :-)

     

     

    Some may say it’s misplaced and time may prove those doubters right, but on this issue I have faith in our board.

     

     

    They must be aware of the strength of feeling on this one. This isn’t going a few more grand for Stephen Fletcher, this is the future of the game in the most bigoted little country in the world. More importantly than that, this is the future of Celtic Football Club they have in their hands.

     

     

    The season tickets of many on here depend on their actions. That’s money and of course money is important. Surely the least we must do is say we will take absolutely no tickets for any away/neutral ground in any Scottish competition (other than any club that votes against).

     

     

    However, it is the years of history, of standing up for what is right. The years of tradition of our and their forefathers. The ethos, the essence of Celtic.

     

     

    Scottish Football appears to be out to destroy itself. Our board must save Celtic. If it does, then it may just save Scottish football too. I can live happily without the latter but Celtic means so much to me and you and millions who may not see this blog.

     

     

    Peter, Dermot and others, please don’t let us down. For what it’s worth, I don’t think you will.

  28. Paul67

     

     

    I remember you saying in the past that resigning without anywhere to go was foolhardy, or words to that effect.

     

     

    Participating in the scottish league, where the corruption has been cranked up to a new extended level of corruption, where the sfa/spl have decreed that we are expendable,are you still of the same mindset ?

  29. Paul

     

     

    The club need to realise it is FINISHED if this is allowed to happen and they sit back and let it happen and by let it happen I mean voting against it and then saying “what could we do?”

     

     

    This is the BIGGEST threat to the clubs very existance, they must have a resignation letter handed into the SPL tomorrow and a letter of to UEFA and FIFA demanding action now or they will sue every organisation involved in this disgraceful act!

  30. Paul67

     

    Are you sure that Resolution5 is not the important resolution that would decide whether transfer of shares will be approved and Resolution2a is not the technical one that merely says what happens in that case???

     

     

    I think we need this explained more fully by the SPL. And we need to know who wrote and tabled these proposals and under what authority.

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