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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ernie lynch on 11 April, 2012 at 18:58 said:
what a really childish thing to say.
TinyTim on 11 April, 2012 at 18:56 said:
Didn’t realise that.
Why then, don’t they state that they will play incorrectly registered players in each of these games. The results will then be irrelevant. Who’ll watch that on TV?
….PFayr-The Media House mantra is being carried out across the board.”surely it’s punishment enough….”,” Celtic will only get stronger…” etc etc.Not one of them with the balls to call them out and pay their debts.
Sorry TT – did you mean all SPL matches or just the 4 matches against them?
From the President Michel Platini’s own page surely we should go directly to the top of the tree to bring attention to whats happening in Scotland. These changes are not for sporting integrity it is helping a criminal buisness avoid its debts to ordinary people and the taxes of the country.
Anyone got Platini’s personal email address ?
http://www.uefa.com/uefa/aboutuefa/organisation/president/index.html
The 11 key values of UEFA for European football’s future
European sports model and specificity of sport
UEFA is a European body and we remain totally committed to the European model of sport, a model characterised by promotion and relegation, the solidarity principle, as well as open competitions and opportunity for all. This is what sport – and especially football – is all about. We have to protect this model because sport is not simply a business like any other and we cannot allow it to be treated as such. We will continue to defend the specificity of sport and are convinced that our arguments will prevail for the good of football.
Ernie Lynch and Co
Enough with the insults,,,the last thing we need right now is in-fighting FFS!!!
We need unity,,we are going to be shafted,we were always going to be shafted.the SPL and Scotland in general were never going to let the Huns be Relegated!!
The Club will in the next few days make there position clear,i firmly believe this,,,we must give them a chance and give them our 100% backing!!
No more arguing ghuys PLEASE!!
Hail hail
notthebus on 11 April, 2012 at 18:57 said:
From FF..incredible
___________________________________________________________-
Not only incredible quite scarey they really hate us
ernie Lynch Fella like you I am angry Like you I will have individual choices if the proposals are carried out.However,I see nope point in having a go at other Celtic fans for there ideas,we need to stick together as the saying goes United we stand Divided we fall.H.H.
mic1888 says no to newco no to o*d f***m on 11 April, 2012 at 18:57 said:
As Hen1rik says. You will be doing the honourable thing.
Supporters such as yourself will be missed.
Celtic supporters may not want to accept it but the club will,the other clubs will and we will have little option but to move on. Celtic will be part of this corrupt league. If you choose not to support the club in these circumstances then you are quite entitled to do so.
The Fix Is In: Scottish Football’s Cheats’ Charter
New rules = same old Rangers.
C’Mon,Edward Ursus…
Let’s be ‘avin ye….
DeliaSmithsTastyRecipesForBearsCSC.
JFH 19.02
I agree with that post ,i just question the effect that your previous suggestion would have.
Celtic will have to accept these proposals in the short term ,and work our way out of the SPL within the next 5 years.
Buying a club in England is the most likely route out IMHO.
TT
From the President Michel Platini’s own page surely we should go directly to the top of the tree to bring attention to whats happening in Scotland. These changes are not for sporting integrity it is helping a criminal buisness avoid its debts to ordinary people and the taxes of the country.
Anyone got Platini’s personal email address ?
http://www.uefa.com/uefa/aboutuefa/organisation/president/index.html
The 11 key values of UEFA for European football’s future
European sports model and specificity of sport
UEFA is a European body and we remain totally committed to the European model of sport, a model characterised by promotion and relegation, the solidarity principle, as well as open competitions and opportunity for all. This is what sport – and especially football – is all about. We have to protect this model because sport is not simply a business like any other and we cannot allow it to be treated as such. We will continue to defend the specificity of sport and are convinced that our arguments will prevail for the good of football.
On my way out for a 12-hour night shift. Just read the article.
Jee-zoh!
At a time when the government is trying to maximise tax returns,and is taking steps to outlaw the practice of phoenixing,the Scottish football authorities present a faffin’ stitch-up to keep their pet team in existence?
Or did I read it wrong?
They must be mad. This legislation will be challenged by HMRC amongst others. It has NO chance of standing in its current form.
At least,I bloody hope so!
OFFOOT……..
Totally unprincipled, I cannot believe that the penalty is this, I am struggling big time with this. Where is the the circumstances that can have me believe we are in anyhting but a corrupt league which, if the other clubs dont stand up against this will make them, and us the laughing stock of Europe and the world.
So under res 2A newcu would be allowed back in the SPL with a paltry penalty of 10 points. If I were managing director of newly promoted Ross County I would be totally irresponsible in my behaviour and approach to being a steady hand on the business of the club and I would plan to get into an insolvency event so that I would balance the risks against demotion and heighten the prospect of reforming as a newco with the resultant application and re-admission to SPL.
No history to lose…..nothing to lose and everything to gain and be rewarded by indulging in irresponsible behaviour that undermines the sporting integrity of the game in Scotland. Only in Scotland can the whole country demure to this small band of people. Scotland and UK’s shame.
….PFayr
Some of the reply s to the post are even worse..see below
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100% Agree with you Bilko …. the sad thing is they are not even getting a fight …. John Knox will be turning in his grave …..
Where are the Church of Scotland … a totally impotent, useless organisation who melt into the background, while Cardinal Keith O’Brian sets the Country’s religious agenda .. !!!
I’m more and More convinced by the day .. that Whyte is a Desmod plant …. !!!
Reid and Lawell have known for ages that they are at war with an enemy that doesnt even know it’s in one ….. we sleep walk from one battering to another !!!
The simple fact is .. we as a culture, have no voice and no one brave enough or cares enough to stand up and be counted
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I’ve been saying this for ages on here
That Rangers are a massive block in the way to a Republic of Scotland, a block that the dark forces inside the ‘Scottish’ Labour party wanted rid of, now aided and abetted by quite a few inside the SNP.
_______________________________
Yup, impossible to disagree with this. Regrettably we have no leadership to instigate organised resistance or to return the fight. Emails and letters are not the answer. A very public show of mass defiance (no pun intended) is required. Our enemies have been chipping away at our culture for years with total impunity, to the extent they no longer even feel the need to try and disguise their end game, which is ultimately the entire destruction of all we hold dear.
____________________________________
I do believe that there is a Catholic Network with one sole purpose in being the most powerful religious organisation in Scotland. It is working.
As for The Church Of Scotland? They claim they don’t meddle in politics. But they need to give themselves a shake and see what is happening. Or are they turning a blind eye thinking they are building bridges when in actual fact are getting taken for a ride?
The fact that there are many Protestant Denominations also makes it easier for one Catholic Church with one voice send out it’s message.
_________________________________________________
For years many of us have seen the campaign against Rangers as being a vehicle to attach the Protestant population of Scotland – Rangers are a more visible symbol of Protestantism than the Church of Scotland.
I can’t believe how this has escalated over the last 6 months – there is a wide-spread determination to absolutely bury Rangers FC and nobody is saying a ****ing word about it.
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The Rangers will not be killed off but I agree with the OP. If it did happen, the Orange Order would be next on the list followed by the British Legion, Freemasons, Boys Brigade etc.
And the Jacobite Protestants who are too thick to see the bigger picture developing us would fall like a deck of cards in an instant and we will all be left as foreigners in an Irish Republican fascist version of Scotland.
Has anyone looked at the cost of buying Portsmouth?
Retaining their league membership and selling off the football club/stadia etc,back to a willing buyer.eg. A Portsmouth fans group.
TT
SFTB
Well, all I can say is that I didn’t say I was enthusiastic, nor did I indicate support (so this will be at least the third denial you’ve had, well done). In fact you have simply misunderstood, misinterpreted and then in classic CQN style misrepresented my views. To what end though?
I mean, and I don’t want credit, I outlined todays proposals or the gist of them months ago and took time to explain some of the reasons why.
It’s hard not to feel a little bit like this debate simply can’t elevate itself in some people’s hands. The overwhelming pointlessness of online debate is derived from reactionary contributions like your replies to my posts. If you really wanted to discuss the issue with me then you’d do us all the courtesy of ensuring you understood the points I’m making, and if you need to ask me anything I have always answer in a tone befitting the question. You didn’t get my motives first time round, and I explained. You didn’t get them the second time round, and I explained again… politely. That you still don’t get them becomes your problem. I will say this slightly challenging thingy though – if you can’t grasp the occasional subtlety don’t you think this whole hoohaw with adminstration and the multitude of competing elements might be a bit much for you.
If so, what’s the point in venting in public, go find a quiet spot and have a good scream. Equally, if the majority on CQN don’t like the way I interpret things (as opposed to my actual hopes and dreams for Celtic) then I’m pretty happy as an occasional lurker – CQN is still tops in my book for many, many other reasons. You’d be astonished by how often my least popular posts have proven correct once the dust has settled, all save for my endless defence of Shaun Maloney – whom we appear to be doing fine without and sadly for whom the possibility of greatness is now slipping. Surely you’d be less astonished by how often some are proven wrong – Scott Brown, Fraser Foster anyone? Couldn’t mention their names on here a year ago without starting an argument… who were the doubters, we should be told.
sorry bhoys if this has been previously posted . from the dons fansite .
ridaligo
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Posted 11 Apr 2012 17:52re: SPL Financial Fair Play ProposalsI posted this on the other site; might as well post it here too … my opinion, for what’s it worth:
So, how is my prediction of Rangers being in the SPL next season with a slap on the wrist punishment, history intact, debts essentially written off and business as usual within the Scottish Football establishment going?
Let me see …
– SPL share to be transferred from Oldco to Newco … check
– Newco to retain “intangible assets” i.e. history … check
– Oldco to retain debts, Newco to be debt free (good luck chasing that through the courts HMRC) … check
– Newco back in with a 10 point penalty … check
– SPL to change rules to prevent any other clubs thinking “we’ll do the same” … check
– Dual contracts issue all to do with Oldco so SPL “investigation” to go nowhere … check
– No resignations / punishments likely of any officers of Rangers, the SPL or the SFA … check
If it wasn’t so tragic it would be laughable … how can Scottish football and society allow this? We always knew in our hearts that Scottish Football was corrupt but at least in the past they have maintained the pretense of integrity and we allowed ourselves to believe that it was us who were paranoid. The shameless actions of the vested interests is beyond belief – you couldn’t make it up … only we did; we knew how it was going to play out. The inevitability of every twist and turn makes me sick to my stomach.
There needs to be an “uprising” or a “revolution” within Scottish Football but without leadership and organization nothing will happen (for inspiration, we turn, in our desperation, to a blogger and a Channel 4 journalist both of whom are shouting in the wilderness). The SPL, SFA and Rangers know this … we non-OF football fans are resigned, apathetic, divided and, therefore, impotent.
If this happens, Scottish football is dead forever …
listening to a H*ns fan on snyde telling the panel that if they go into liduidation they will STILL be able to keep their history and will remain as Glasgow Rangers FC as it will be the SAME scenario as Leeds United.
He appeared to be reasonably level headed, put his points across well and on the face of it seemed to know what he was talking about
Please say this is not so and that all their history will be flushed doon the pan
#depressedif theysurviveinthesameguise
ernie lynch
Do you suggest that we continue to give money to clubs that support this farce?
Hit them in the pocket, its the only thing they recognise, cos it sure ain’t sporting integrity.
HH
!!Bada Bing!! on 11 April, 2012 at 18:50 said:
If this comes to pass the Celtic support has to unite an wield its financial power.
Sky sports cancelled an away games boycotted.
We cant stand by an do nothing.
so does the bigger points penalty apply to the huns or is it just the two seasons of ten points
BontyBhoy on 11 April, 2012 at 18:16 said:
Good shout
Though tbh don’t sense anyone of a green persuasion is chucking it really more a plea for some action from our leaders. Not suggesting the leadership is not working the back-channels already .. There is a sense they may not be doing it in a manner that makes the position clear
So we are all broadly aligned on here from what I can see
The question of worse times… I was around in the dark days leading to Fergus takeover that was grim and touch and go at one point.
Considering that and avid reader of history including the flag crisis and relegation threat etc
Frankly, I don’t believe any Celtic fan has faced a bigger footballing challenge than the one we face right here and now. Sure small groups of fans have always had to fight their corner locally for obvious reasons
Collectively I doubt we have faced a bigger challenge
How we answer it will define us for generations
HH
M
TinyTim on 11 April, 2012 at 19:09
If that avenue was available we’d be in the EPL now.
It’s not going to happen.
It’s disingenuous to suggest that it will, especially at the moment.
I’d rather play in the third division here than in a corrupt SPL.
TerryONeill Neil ah love yae on 11 April, 2012 at 19:13 said:
!!Bada Bing!! on 11 April, 2012 at 18:50 said:
If this comes to pass the Celtic support has to unite an wield its financial power.
Sky sports cancelled an away games boycotted.
We cant stand by an do nothing.
100% Agree,,,we must do something!!
Hail hail
paladin on 11 April, 2012 at 19:12 said:
Paul67 posted an article a few weeks ago outlining the differences between Leeds and Der Hun. Cant remember the details but the main point is that Leeds creditors were satisified although not through a CVA. Upshot of it was Rangers won’t be doing a Leeds….. Liquidation means NewCo….
They will lose their history.
fergus slayed the blues on 11 April, 2012 at 17:27 said:
swanseabhoy
I fear you are correct
more reason to get together as a support and do all we can to avoid giving the cheats any financial benefits from this sham .
1.cancel sky/espn
2 boycott all away games
3 .sign up to C67
fergus I agree with 1 and 2 but we do need to be aware that it will be the SKY cameras likely which serve Ch 67. Without one perhaps no other?
kingoh
I’m fairly sure you’ll be right but I’m clinging to the hope the liquidation / newco set up will be so messy they won’t get up and running or have funding in time.
Would appreciate some help guys. Going to come up for last game v Hearts,
Choice of seats limited of course but can anyone who has experience tell me if I would be better to go for central in the Gods 404/405 or corners such as 118/119 or 121/122. Hop[ing to make a convert of my English brother in law who wonders what all the fuss is about.
Guys, in the name of God can you stop posting bile from that horrible website. This is supposed to be a celtic site, I’m sickened enough tonight
hen1rik on 11 April, 2012 at 19:16 said:
”They will lose their history.”
And what do we lose?
My reading: the conditions required to achieve resolution 2A cannot be met ……. because a liquidated club cannot transfer its share to a newco – their share must be rescinded to the SPL who will then reassign it?
Now correct me if I am wrong! Are the SPL not a company with 12 shares who ultimately operate under the umbrella of the SFA (a UEFA and FIFA Member)?
Perhaps one of our Legal bloggers with Corporate and Insolvency knowledge could advise if the following option were available to the Celtic Board.
An Interim Interdict to prevent any voting on these rule change proposals – on a Conflict of Interest basis:
• A Member Club – already in Administration.
• A Member Club – where it could be demonstrated might be trading Insolvent.
• A Member Club – under Financial Investigation by HMRC.
• A Member Club – under investigation for breach of SFA/ UEFA Rules.
• A Member Club – with pending Litigation over; asset and share ownership and breaches of Company Law etc.
• A Member Club – that could possibly face Criminal charges.
Now I reckon if any smart lawyer presented that case at the High Court – they would get their interdict immediately.
My only reservation would be – how would it be interpreted by UEFA. Could it be argued that the SPL is a commercial vehicle only and as such the court action by Celtic could not be construed as taking action against the SFA?
Off to catch-up on the blog-rage before I post on how to hamstring the Gang of 10!
You’ve got to hand it to the Hun and their cohorts.
Can’t play to the rules?
Easy!
We’ll move the goalposts!!!
Not only do they wipe out £134 000 000 worth of debt,
but also they escape punishment for the EBT years, which is convienently being put on the back burner until OldCo exit stage left.
Enter stage right, right into the SPL, squeaky clean debt free NewCo.
Two MAJOR MAJOR problems resolved in one fell swoop!!!
Aye, you’ve got to hand it to them.
Ernie I’m replying to a previous post.
This yet hasn’t sunk in! it’s mind boggling…did they actually read these proposed changes and think thats fair??
Oh dear,
THIS IS GOING TO FINISH SCOTTISH FOOTBALL.
utterly disingenuous statement from Duff and Phelps
i think we can now see why there are parties interested in the huns and openly considering liquidation
liquidate , start again debt free, rough it for a couple of seasons …back in the game
all this for 20 years of cheating …..