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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67Heaven … I am Neil Lennon..!!..Truth and Justice will always prevail on 11 April, 2012 at 20:37 said:
I completely agree mate. My point is that if a boycott is to be completely successful then it could only come about as a result of the club refusing tickets.
Hamiltontim:
We have many bloggs and forums of reading by the independent fans, the message would soon get out.
Maybe guys like Paul, Kerrydale St and Etims forum leaders can set the ball rolling with other supported forums of other clubs too?
The joined up message has to be delivered to the right people and organisations.
Who the feck is Ursus?
a few people have mentioned a boycott of the scottish cup final if we get there , that is a big ask !!! Even more so for whoever the opposition is…………………but boy , no one turning up at their showpiece final ….now that would certainly make news !
Aye…like you
hamiltontim on 11 April, 2012 at 20:38 said:
I cant believe what Britney has just tweeted:
“I cannot see justice over Rangers and ‘good of the game’ being reconciled.”
Did he not read it back? Has it really come to Them being equal to the whole game in Scotland?
fergus slayed the blues on 11 April, 2012 at 20:37
A beamback of an under 17 game? What’s the chances?
Harry Boland: What happens next time?
Michael Collins: Next time, Harry, we won’t play by their rules. We’ll invent our own!
lochgoilhead bhoy on 11 April, 2012 at 20:39 said:
I’ve already bought my tickets for Motherwell away as will many others.
A boycott would need to be well planned with plenty of notice given.
So the other 10 don’t realise, or don’t care, that when they vote this through – and they will- that rangers will be pissing all over them again in 2/3 years.
They know their place.
Wonder if their fans will agree? Is there a good site to gauge cross club feeling? Pie an bovril or something? Scotzine?
hamiltontim on 11 April, 2012 at 20:38 said:
miki67 on 11 April, 2012 at 20:35 said:
Learn some manners ya prick.
>>><<<
wtf are you on about? cheeky runt.
lionroars67 on 11 April, 2012 at 19:42 said:
”What happens if the SFA and the SPL say OK Celtic bye bye”
Then their Sky deal and sponsorship are kaput.
And we play in the Scottish third division.
The SPL clubs would be glad to get rid of us.
But their bank managers woudn’t.
I take the point about hurting Celtic by not attending games in protest but what exactly are we trying to achieve playing in the SPL? How many titles won in a corrupt league do you want to boast about? Once its won, what then? Some more money from a second qualifying round bale out into the Europa League and a half hearted attempt at the illustrious giants such as Rapid Vienna, Rennes, Sion et al?
We might as well join the SFL. That would show real character and dignity.The mark of a martyr club.
Celtic at home to Motherwell or Celtic at home to Dundee? It’s still Celtic. I’m up for that. All this talk of UEFA stepping in too. Yes, just like the Rapid fiasco!
Sick to the stomach tonight.
hamiltontim on 11 April, 2012 at 20:38 said:
We’re all very angry tonight ….
Conzaloni/Hamiltontim
Without the support of the club, an away boycott would fail IMO.
Stringer Bell
There have been a couple of links already posted as you suggest, including a modest effort of my own!
Vmhan Supporting Lenny! on 11 April, 2012 at 19:55:
I agree with you, we must bide our time, see what shakes out. Yes, there is understandable anger that the rules will be changed for them. However, we should look on the positives. However, we must must oppose these proposals in my view.
A newco would mean the end of the oldco, which is the big one on my list of objectives.
Any newco will be a lame duck for many years for a number of reasons e.g. lack of revenue from Europe, even with the new rules approved, which, unfortunately will inevitably happen.
Be interesting if the BTC came in before the meeting, which will be held on 14th May.
Then there is D&P’s statement today that their efforts in securing a preferred bidder are being thwarted by the SPL and their proposals. Earlier in the period of administration it was HMRC’s fault, who will be to blame tomorrow. Are they blaming anybody and everybody because there are no serious bidders.
Do they (D&P) really know what they are doing, who wrote their 65 page report, Scottish Journos aided and abetted by radio phone-ins. All their report was good enough was summarising where we are or sorry where they are, in a mess. In such a report I would not expect to read such language as the Big Tax Case, nor I’m sure would a professional interested in understanding their business.
As I say, we should take time to digest and consider the proposals and what really the consequences for rfc 2012 will really mean. However, I will stress again we need to oppose the proposals, I am certain we will and I mean the royal wee (forgive the choice of words).
Keep the Faith!
Hail Hail!
new article posted.
Roddybhoy on 11 April, 2012 at 20:41 said:
a few people have mentioned a boycott of the scottish cup final if we get there , that is a big ask !!! Even more so for whoever the opposition is…………………but boy , no one turning up at their showpiece final ….now that would certainly make news !
share on F’book or Twitter
And that is what is needing to happen , a total ban on any SFA /SPL organised events . It is them we must aim for , it is them that have been complicit in all that has gone on , they have been in it from the very start .and you can take that to the bank .
Would it not be better to go straight to the main vein- march with all other clubs fans together on the Scottish Parliament of Backscratchers?
Put a banger right up the Fish mans jacksy?
conzaloni on 11 April, 2012 at 20:40 said:
If it’s a boycott then Celtic FC would need to take the lead on this.
If it’s some sort of collective protest then I’d agree forums such as this in conjunction with those of other SPL clubs would be a great way to establish the genuine level of support.
miki67 on 11 April, 2012 at 20:43 said:
I happen to agree with you……don’t feel bhuns should be coming on here at all, but we must try not to use their terminology on CQN ….we’re all angry at the moment….
@fritzagrandold: http://t.co/LT9kpV2c
Supporters direct link.
Ernie Lynch 18.54.
In answer to you questions.
Yes.
Yes .
I don’t know therefore ,we can’t gamble.Even if they did ,it would be the financial ruination of Celtic.Our board have a fiscal duty to it’s shareholders.Such a move would be financial suicide.
I do not HATE Rangers more than i LOVE Celtic.
TT
We have to widen the scope of this problem to the political dimension. After all the Fish Man & other Hun MPs have contaminated this situation with their grubby political fingerprints.
A career politician will shake their moneymaker for any two bit cause if the price is right.
Irish Dermot with a barely discernible flutter shall by his shaggy upper lip tip the nod to oblivion if he thinks a Newco is the answer.
Feck the SFA,
HH
Talk of Celtic threatening resignation seems to some to be unthinkable mad perverse even. No-one will have us . We’ll be pariahs etc . Unthinkable even, so let’s accept what we are too frightened to fight?
I’m not suggesting that we should – that would need a strategy for exiting the league that has not been displayed up till now despite the many years since it was first mooted but I would just say that as I understand it 2 years notice is needed and a lot can change in that time. Who knows sense may even return to the gang of 10 with such a prospect. Celtic need to know that the support will remain for a club with principle but may well diminish for one that has sacrificed principle for expediency..
The rain falls hard on the humdrum town, THIS TOWN JUST DRAGS ME DOWN.
If I was a single guy again, I’d be right out of this place….
Cosgrove said a few weeks ago that if a newco gained direct access then sporting integrity in Scottish football would be confirmed to be dead.
A viewpoint very few on here would argue with. However, that is nothing in comparison with this rigged vote.
I can’t work out what is more embarrasing, concocting this vote or voting in it. When these club officials meet up (if the vote takes place) and shake their colleagues by the hand will they look each other in the eye each knowing that they are at it. Will some of them even feel a pang of guilt?
hamiltontim on 11 April, 2012 at 20:42 said:
OK. Accepted. I’ve got my ticket for the semi final and I’m going to turn up.
I guess we just need to accept we need Rangers in the SPL.
wee shaun scores against manure
Can someone tell me how they are retaining their history?
….and what is happening with the investigation into contracts?
Senor Pablo Diablo 19.06
If a club fails to complete ALL of it’s league fixtures then ALL points earned are withdrawn.
So if we amass say 90 points ,but fail to complete even the last fixture against Rangers.The penalty would be that all our league points would be deducted from us.
TT
Wee Maloney scores v man u. Apparently a cracker. Hopefully he can stay fit, finally getting a good run of games together.
Bout to watch Madrid derby.
Just watched Dortmund beat bayern 1-0 to go 6pts clear with 4 games to go. Disappointing game. Robben missed a pen and a sitter late on. Can’t see bayern troubling real Madrid next week.
67Heaven … I am Neil Lennon..!!..Truth and Justice will always prevail on 11 April, 2012 at 20:37 said:
” Beam backs would be very well attended, for example”
Beam backs would not be allowed.
Boycotts will have no effect.
And moving to a league outside Scotland is fantasy.
I wish people would be realistic.
ernie lynch on 11 April, 2012 at 20:57 said:
I think you’ve started guessing again and putting your guesses across as FACT.
Patrick 27 19.19
I am with you on that stance.
TT
Paul67
“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.”
I’m with you that there is no reason to introduce procedures for an Insolvency Transfer Event. The phrase itself suggest a transfer has already been agreed when in fact all that has happened is that an Insolvency Event (to be defined imo) will have taken place.
What are the procedures for agreeing that a Newco (and it could be any Newco) are in fact worthy of having an SPL share transferred to them?
What are the criteria? Would say Hearts get treated the same as Rangers? This needs to be clarified if it has not been already.
What I imagine would happen is that a Newco would present to the SFA the same business case that allowed it to become a Newco with projections of income and expenditure based on the penalties they know will be put upon them. There can be no question of a shoo in, it has to be clear who is being shooed in (fit and proper) and what they are bringing to the party.
There is another need for clarity because to play football a Newco will need a club license and this sits absolutely with the SFA. How do the the SFA decide if Newco can be granted a licence? Three years accounts are out of the question, there is no financial history for a Newco only a business plan with projections.
Who assesses that plan? Who decides if estimates of income are sensible and who decides just how much of that income is available for player wages. They would presumably insist on applyng the principle of the wages to income ratio demanded by UEFA FFP
(as an aside would Newco really be free of Ticketus clawback?).
So in order to accommodate the SPL proposals the SFA would need to say what changes they propose to make to their club licensing system to allow them to issue a license.
Celtic should insist that before a vote takes place the SFA reveal their thinking on the matter and what changes they propose to make to their club licensing rules in order to accommodate this new “Transfer Insolvecy Event” save Rangers more like.
That should be interesting if their rationale is different from UEFA rationale.