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.
589 Comments- Pages:
- «
- 1
- ...
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- »
So every team can blackmail their FA by threatening to go to court ?
Hi fellow Celtic fans,
I can just imagine the conversation right now in a blue pub somewhere in Glasgow…
Teddy Bear: So Billy, as a NewCo we get to play in the SPL next year?
Billy Bear: That’s right Teddy.
Teddy Bear: And we lose all our debt? Its over a hunner million now aint it?
Billy Bear: That’s right Teddy.
Teddy Bear: And all the other Clubs get to keep their debts?
Billy Bear: That’s right Teddy.
Teddy Bear: And we start next season in the SPL and only start with minus 10 points?
Billy Bear: That’s right Teddy, but don’t worry, our refs will claw that back within a few games.
Teddy Bear: And we get to keep our History?
Billy Bear: That’s right Teddy.
Teddy Bear: But we’re out of Europe Billy.
Billy Bear: That’s right Teddy, but don’t worry, UEFA will ban ALL Scottish Clubs from Europe for a few years, so Celtic won’t be in it for a while either.
Teddy Bear: Is that because we cheated everybody?
Billy Bear: Ach, don’t call it that Teddy. Its jist like goin oan a crash diet; we’ll shed quite a few pounds and come back stronger and leaner…
Teddy Bear: But won’t the Government do something to get the unpaid Tax Back?
Billy Bear: You forget Teddy, this is Scotland, we ARE the Government! WE are the Establishment!
Teddy Bear: So I can enjoy my summer efter aw?
Billy Bear: Darn right Teddy!
etc. etc.
THEY ARE LAUGHING AT US!!!!
THEY ARE LAUGHING AT HMRC!!!!
THEY ARE LAUGHING AT THE BRITISH GOVERNMENT!!!
THEY ARE LAUGHING AT UEFA!!!
THEY ARE LAUGHING WITH THE SPL AND THE SFA!!!
THEY ARE LAUGHING AT THEIR CREDITORS!!!
THEY ARE LAUGHING AT THE FANS OF EVERY OTHER CLUB IN THE LEAGUE!!!
Whatever happened to ‘Faithful through and through??? I am a Celtic Supporter and I WILL support Celtic through this! For the rest of my life I will continue to LOVE the Club that Brother Walfrid founded and that I have Loved since I was a boy. KEEP THE FAITH BHOYS!!! This is a war we are fighting and we will prevail even if we lose a few battles. This is not a time for faint hearts. KEEP THE FAITH BHOYS!!! We have a fantastic Manager and a fantastic board! Even if all this comes to pass I will ALWAYS Support Celtic!
The only decision I personally have come to is that I will not support any other club with one thin dime of my hard earned, but I will continue to support Celtic. Celtic need my SUPPORT just now, they do not need my disaffection for something not of their making.
Yours in Celtic,
TB&F.
Kingoh on 11 April, 2012 at 19:07 said:
And if Celtic found it unacceptable and gave notice of resignation, because they could not in good conscience ask their supporters to pay for a product that Celtic believed lacked integrity, even if that meant the end of Celtic, would you still support that stance?
I think the SPL have seriously misjudged the public mood on this, not only is it not adequate it does nothing to address the question how did it happen under the SFA’s watch? Who was responsible for licencing, how was it done, what part did how referees are appointed play and how does it all need to be improved to make sure it never can happen again?
To think this can all be brushed under a carpet with a points penalty and it all ends there is wishfull thinking on the SPL’s part. Celtic will have something to say not only because they will lose support if they act in token fashion but because they have paid a high price for Rangers behaviour.
On what basis are these rules being introduced, would they be the same if it were not Rangers, would they stand up then?What shape will a Newco even be in to provide a parachute to? Who gives the license to play under club licensing rules? On what basis is it granted to a new entityy?
If there is a business case suggesting how Rangers will contribute to the welfare of the SPL in a fair manner, will that business plan be made public and more important will it be policed properly?
These are the questions that football needs to answer. Me? I would not trust the whole shebang, certainly not without a root and branch enquiry with preventative measures introduced and even then I’d want to be the policeman.
hen1rik on 11 April, 2012 at 19:34 said:
We all thought Doncaster and Regan would change Scottish Football for good of game.
Just more establishment puppets.
With a bit of assistance from the First Minister ?
Surely if shares are merely transferred from one company to another then MHRC can rightfully chase the newco for the debts of the oldco?
How about we get a consortium together, call ourselves The Green Knights, and start a bidding war for Ibrox and/or Murray Park? Let’s drive the price up as high as we can and make sure the process isn’t complete before the start of next season. That buys us time to stop the proposals.
If I remember my Arthurian legends correctly, the Green Knight challenged any of the knights of Camelot to behead him, and allow him to behead THEM in turn a year and a day later. Sir Gawain took him up on the offer, and you can imagine how he keeched his breeks when the Green Knight came calling with his axe 366 days later. Could be quite an apt name.
@TalkCeltic_: “@SidFishes: SFA/ UEFA/ FIFA – STOP RANGERS FOOTBALL CLUB RE-ENTERING THE SPL, IN THE EVENT OF LIQUIDATION http://t.co/0h26GJ9V via @change”
HT
read the lead header from P67
the rest of us are just venting our spleen and squabbling :¬))
Bada Bing
I’m with you, the fans are the club and it will be up to us to unite and take action. Bhoycott of sky and espn is a must along with away and cup games in Scotland. If it’s all about the clubs needing the money then they are taking it for granted that we will continue to provide them with funds.
This is cheating of the highest order and we should consider getting out with a two fingers to any period of notice!
ernie lynch on 11 April, 2012 at 17:40 said:
A boycott will achieve nothing.
The only way this can be stopped is if the Celtic Board push the nuclear button.
There’s is nothing we, as Celtic fans, can do.
What happens if the SFA and the SPL say OK Celtic bye bye
derbyshirebhoy
It is going to be a great atmosphere that day, with the League Championship Trophy being presented, but if you can still get 118 seats I would snap them up, especially the lower half of that whole section.
Derbyshirebhoy
I’m a tube i sit in 443 not 403 and hence comments about 405 are nonsense
Apologise for confusion
I have only had my seat there for ?? 17 years
>>>>>>>
HT
not their shares they are transfering it`s their right to be in the SPL ……as i understand it
PFayr
Nae change there then :-))
How many season tickets have been handed back thus far????
derbyshirebhoy on 11 April, 2012 at 19:17 said:
Just a wee reminder mate the hearts game is after the 30/04/12.
jackie mac on 11 April, 2012 at 19:33 said:
You’re having a laugh……..LOL
hen1rik-signed.HH
Gordon_J backing Neil Lennon on 11 April, 2012 at 19:36 said:
And make no mistake, the SPL by allowing them to continue in more or less the same shape less their debt, will have enabled and aided and abetted in the shafting happening.
I am beginning to understand why Rangers see no wrong, they never suffer the full consequences of it.
Is dignity transferable?
There is so much that is wrong with this proposal that it is laughable that it can even be considered. But this is Scotland. Here it is even spun as being unfair to the one club that it actually benefits. And the most blatant act of fixing in the history of football is proposed under the heading of Financial Fair Play!
PFayr
Isn’t that just out and out subjugation and cheating then simply to allow them immediate access to the SPL? Or is that too simplistic?
Thats the radio off, and its staying off.Its taken a long long time for it to come to this, but boy has it been building.How can a 4 man panel just happen to agree on every single football related matter? Why do we just know the answers and their reactions to every question fielded by a caller?
I won’t entertain these cretins any longer.
A lot of people expecting uefa to come to the rescue, it cant happen they have been involved in discussions along with Salmond, uefa have broken two of their own basic rules, govt intervention and financial fair play.
is it any wonder Alex Thompson is still waiting on ta reply about his scottish govt involvement question last week.
Auld Heid
wonder why these measures were never considered when Motherwell went into liquidation
rhetorical question
hen1rik
Signed
HH
I’m not one bit surprised.
If you are outraged by this charter for tax cheats, just tink how you will feel wen we hear what the gang of 10 have been promised to pay for this disgrace.
One resolution is missing from these proposals, to change te name of the SPL to RPL.
Cheats.
Lubo.
Are Barcelona cheating?
Barcelona’s economic vice-president, Javier Faus, has revealed that the club are still in a tight financial situation following the signings of Cesc Fabregas and Alexis Sanchez this summer.
The Spanish and European champions spent over £50million to lure Fabregas and Sanchez to Camp Nou over the summer, and although they have reduced their debt, Faus has admitted that the Catalans “need to generate more income.”
Barca are around £317m in debt, although the figure is down from around £375m twelve months ago.
And speaking via the club’s official website, Faus said: “We followed an austere line, as we’re committed to growth, and we’ve reduced the debt, but we are still in a delicate situation.
“The debt is still too high for us to be able to dictate our future.
“It’s not the debt that we want, and we have to reduce it further to sustainable levels with regard to the cash flow generated by the club.
lionroars67 on 11 April, 2012 at 19:42 said:
They weigh up the cost of a league without Celtic and the value of one with Rangers Newco.
If money is the driver then it will give pause to think. There is a lot of hard bargaining to be done on this before any trust degree can be restored to our game.
HT
complete cheating
dressed up as some stiffening of the rules re financial impropriety
make it look as if they are going hard at admin/liquidation…sneak in a lifebelt to the stricken eastablishment team
embdy know who cobbled this con together?
Evening Celts, there is understandably a lot of anger re the proposed regulation changes.
I’m waiting to see what CFC have to say on this, there are supporters of clubs in the SPL who won’t stand for it, our clubs have an obligation to look after our interests and indeed their shareholders.
Let’s see where it takes us, hopefully out of a corrupt league.
V
notthebus on 11 April, 2012 at 19:10 said:
And to think, the people writting those comments, can walk the streets, vote, have children, etc etc. At first I was laughing, but its actually quite scary!
Some of the huns are so stupid, they cant even see when the SFA, SPL, and even the other teams in the league, never mind TV companies, media, sponsors etc are collaborating to help wipe out their millions and millions of debt, keep their tainted titles and history, and have them competing in the top tier of the game in Scotland, (probably with a player wage/transfer budget that is more than everyone else apart from us, and with the ref´s ready to make up any shortfall in that dept), it is completely and totally beyond belief, that some of them dont actually get it. They are getting their wrist slapped, (if not infact getting handed a gold star and an appology for having inconvenienced them!), for what is in effect, a hanging offense!
The rules are being ammended for them, because of them, to help them, and they cant even see it……….!!!
derbyshirebhoy on 11 April, 2012 at 19:17 said
My seat is in 405, that section is pretty much in the centre circle so a great view of the game – guessing you could be in Row AA or similar which is pretty high up so hope your eyesight is good :-)
Whatever you choose, enjoy and Hail Hail
Why didn’t the SPL change the rules in every one of the last 15 years?
Did something happen?
Also the rules have been changed so that there can be no one (or 2) club(s) having a veto. I wonder what club that rule is aimed at?
I wonder if our bored are relieved that they dont have to show their cards
or pissed off that they cannot?
It’s a disgrace!
No remorse. No apologies. No guilt. No admission that crimes have been committed. Just more giggling at the cheating. I wouldnt trust HMRC either.
The only thing I am hoping for is either a) UEFA intervention (not likely) b) HRMC have already made their minds up because this is step 1 to go after the EPL clubs.
In my opinion If the huns are still around there will never be any Celtic success in Europe.
Vogue BT et al. Young Martin won is second match of the day this evening, he’s up again tomorrow morning.
Go Bhoy go.
V
….PFayr-Salmond will be heavily involved IMO.
ThisIsTheOne on 11 April, 2012 at 19:38 said:
P27 @ 19:21
I was lucky enough to be in 123 at the recent St.J game. Great view from the corner – was right up the back.
Only downer was the rocket who seems to have empty seats all around him. I had assumed at first a bus hadn’t made it until I realised the empty seats are there to allow him to create a saliva moat as the game goes on.
HH
Haha don’t know him, I sit on the very first row with my Dad at the bottom, only the two seats on our row! Haven’t been able to make too many games this year, living in England and work, but I do quite like them.
HH
Stupid huns think they’re guilty of NOTHING!
They cannot comprehend that The FTT is an APPEAL re. what they’ve ALREADY been found guilty of.
surely any change in rules can only apply from start of next season and not immediately, ie current rules which applied at the start of the season should apply until the end?