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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If the big tax case goes against the huns and “newco” arise looking or smelling the tiniest bit the same as “oldco” then expect HMRC to be at the door with the BTC bill..HH
The huns sense of triumphalist self entitlement (five stars on their shirts???!!!) is off the scale as it is.
Can you imagine how utterly obnoxious they will be if these plans go through?
St Stivs
This could be what’s needed to get the attention of the rest of the spl clubs
Afternoon all.
I suppose the one comfort I can take from the proposals is that they are just that, proposals.
I’d like to know who drew them up – Doncaster, the Gang of 10 or whoever- so I know who it is i can blame for what seem remarkably close to a slap on the wrists with a wet noodle for Rangers , Newco or otherwise. But I can’t say I am too surprised at the revelation that Scottish Football favours one club over the others. I have known it for all my life save for the bits I was in nappys , couldn’t read and got my my mum to cut up my food.
In truth many clubs in this country won’t like Rangers but are scared of them, scared of losing the money they (supposedly) bring to those other clubs, scared of a future without them and scared that they might. do the right thing. Sporting Integrity ? As had been said elsewhere ‘off the radar’.
Don’t know what Celtic and the fans do. Boycott going to other grounds, Sky and ESPN if you must. Cancel your own season ticket, won’t be doing so myself but I can understand why others would. Resign from the league? We will go the way of Belfast Celtic. Nobody else will have us and there won’t be such a clamour to keep us as there has been for Rangers. Maybe we should carry on with what we have been doing and competing in a skewed, cowardly, corrupt league .
Nothing changed with these proposals. They just underlined what we already knew.
H x 2
sixtaeseven
we need that on a banner or two for the huns next visit.
Also, Aberdeen fans seeing it for what it is.. well most of them:
http://boards.footymad.net/forum.php?tno=4&fid=27&sty=2&act=1&mid=2114980875
HH
Look a bit harder at these proposals to be voted on & probably there will other rules that will go through like.
Give Rangers Newco a European Cup, so they don´t have to go through any more upsetting taunts from their rivals.
Or every time Celtic score a goal it is added to the Rangers Newco goals for tally.
Or all other clubs goalies are to have the feet glued to the goal line.
Or ….. I am sure you all can think of more ideas that would be just as embarrassing as those proposed today.
The sport was already rigged, with “honest mistakes” , purposefully delayed player registration, uneven sanctions/pressure on our managers (especially Neil) from the authorities.
All this underhanded practice has cost managers like Liam Brady, Tony Mowbray, Tommy Burns & scores of players, not to mention us the fans.
At least now with their actions today they have made it crystal clear for ALL to see.
This scenario still means Dunfermline or possibly Hibs voting themselves to be relegated.
Did anybody think that the SPHell would do anything different? Shocking but entirely predictable. Lets see what the official response is from the club before castigating the board.
Dunfermline voting to be relegated to save the Hun Newco?
Again totally predictable John Yorkston and Michael Johnston are the two biggest Huns of them all! Would rather see their own clubs punished than the rules of fair play applied.
Hail Hail!
RobinBhoy
I purchased tickets for fir park this morning and I will be going, as I will tannadice on May 6th, if there is to be a boycott it has to be well planned and agreed across the board. I think the only way to do this is the club to refuse the tickets as they’ll always be some supporters willing to pay.
Please bear in mind no matter what the SPL connive, there is no foreseeable CVA.
James Forrest is Neil Lennon! We are ALL Neil Lennon! on 11 April, 2012 at 17:12 said:
~~~~~~~
I think the stench is reaching further this time around.
I am no lawyer,but this stinks of some kind of criminal conspiracy to defraud on a myriad of layers. Our (Celtic F.C.) Board really needs to get the legal experts to work. These ‘proposals’ must be the final straw.
Is the Passage of ALL the New? Resolutions..
a Foregone Conclusion?
Hmmmmmmmmm
Mebbe, they wullnae be .. “Rubber Stamped”,
at… least..
EN MASSE… as, is almoast universally accepted,oan here.
Ah prefer tae Wait and see..
But, That’s Me ..Awe over…
Fur, Ah am a dedicated believer in the auld canard..
“The Best Laid Plans o’ Mice and Men.. gang aft . Agley.”
Kojo
Still, Laughin’
That Aberdeen blog thats just been posted, they are going Radge mental on there
this is one of the clean posts, and a good Idea,
——————————————————————–
re: SPL Financial Fair Play ProposalsI am all for not mentioning anything to do with hvns on Sat but is this an opportunity to let all know especially our board on the feelings of supporters if they were to roll over on this.
Can anything be done at such short notice so all can see on TV that fans are unhappy. It would be good if Hibs / Hearts / Celtic fans could be contacted to have a similar banner or something to show the whole of scottish football over this weekend.
I know it is very late in the day but we have got an ideal platform this weekend.
Paul 67
I can understand the virtue of keeping your powder dry.
I can subscribe to the merits of the aphorism about interrupting your enemy’s mistakes.
But…..
If Not Now, When?
I find it difficult to believe that Celtic’s Board are as surprised by the timing or tone of the statements as you allege.
This is exactly the kind of stitch up deal that has been trailed and advertised by the likes of Hugh Keevins who has been asking Doncaster and Regan how a newco wil be treated. I had thought that they were misleading Hughie with some Artur Jorge type guff but it turns out that the naive and implausible stitch-up that Hughie told us was coming, has come.
Now, if Hughie knew, how come we do not have a prepared statement from our Board for such a predictable outcome?
Too many Celtic supporters have been telling the club, through social media like CQN, exactly how we feel about this. We told them we will not accept Celtic merely being a single ineffective vote against the scenario and then telling the fans we have to swallow it and continue.
I don’t often use the plural in my posts but I am confident that this is the shared view of the vast majority of the Celtic support across the spectrum. This is not a right, centre or left issue. It is not a home versus away support issue. It is not even, as Hughie suggested, an issue just for the internet bampots and Rangers haters whilst being readily accepted by some Silent Moral Majority in Hughie’s imagination.
Peter Lawwell and Dermot Desmond were forewarned of our views. Silence from them now is going to prove counter productive as a form of opposition.
Morning all,
What a corrupt shower of scum the gang of 10 are. What cowards and quislings Doncaster and Regan are. They are all as guilty as the huns…every last one of the,
i would like Celtic to withdraw from all Scottish tournaments and play only in the SPL. Do not sell tickets for away teams and back a boycott of all away games. Do not sell away fans tickets for CP for home games.
Enough is enough.
Hail Hail
Interesting stuff Paul67. Thanks again for keeping us all informed.
I would be against a boycott of away grounds until we see concrete evidence of the unthinkable coming to pass. I suggest our club make it known to the other clubs that if a Newco is given a re-entry straight to the SPL, that we will not be taking any away tickets for the 2012/2013 season. Games should be beamed back live to Parkhead and our club can charge a nominal entry fee and benefit from concession income. Not sure if we would be allowed to ban away fans from our home games but that should also be considered. I think the SPL clubs need Celtic more than they think they need a Newco and definitely more then we need them .
bournesouprecipe on 11 April, 2012 at 17:35 said:
‘Please bear in mind no matter what the SPL connive, there is no foreseeable CVA.’
So what?
If a newco is guaranteed entry into the SPL liquidation is better than a CVA which involves being being saddled with debt, even if it’s only a tiny proportion of the money owed.
I will make a promise on hear to everyone, if this vote goes ahead then i will never watch an SPL game again and I will be cancelling my skysports and ESPN ever.
Sorry Celtic you are my club and I love you and it will hurt but for far to long now this league has been corrupt.
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.
I’m sorry lads but anyone who fund this corrupt set up should hang their head in shame.
The new proposals are as predictable as they are corrupt. A soft landing for tax dodgers fc. The influence of the green pound is the only answer. Do not put another penny into any other club in the SPL, eg ticket sales, catering at their ground, cancel subscriptions to sky, espn. Hit them where it hurts.
Twenty Seven Dial-ups @17.27
No time for your artless manure at the moment.
Sshh! Real men are talking
Resolution 8 proposes requirement in the SPL Rules that any Club based in.the Govan area will not be relegated from the SPL despite their points total. In the event of a Rangers Relegation Event no team will come up from the SFL.
Let’s go the whole way while we are at it.
alex thomson@alextomoReply
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Craig Whyte tells me SPL proposals “make a Newco less attractive
Corruption IS corruption and it rots the carcase.
Will we allow ourselves to rot within the corrupt body of Scottish football/society?
Rankers must be laughin’ their stinkin’ zombie head off.
It DOES seem like they can survive ANYTHING,no matter how disgusting & repulsive they become.
I take it if this resolution is pushed through it means payment of tax is optional?
That being the case, we should ‘opt out’ of this financial inconvenience, as should every other team in Scotland.
alex thomson @alextomo Reply Retweet Favorite · Open
Craig Whyte tells me SPL proposals “make a Newco less attractive ”
LESS attractive??
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Caig Whyte tells me ” it shouldn’t have any impact on a CVA exit
leftclicktic on 11 April, 2012 at 17:45 said:
alex thomson@alextomoReply
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Craig Whyte tells me SPL proposals “make a Newco less attractive
___________________________________
Yes but it doesn’t matter as newco is the only option… A CVA has no chance, and the rule changes provide for a featherbed landing in the SPL
So the first sight of manoeuvre to bring the undead back to life
Where is the green jewel encrusted Sword Of Damocles?
Sit back too long and we sleepwalk into a fait accompli with thems sitting back in their regular spot
That cannot be allowed to happen. We have come a long way as a support, as a club. No more bliddy keeping stum to avoid their inevitable backlash. No way!
It is time to sort this out or forever invest our hopes and dreams in a damned travesty of an excuse for competitive sport
The bizarre irony of this sordid affair could have devastating consequences for the future of the club we love and cherish, the torch we had passed to us by better men and women who came before us.
We must hand over a brightly burning flame to our children’s children
Otherwise what is the point!
HH
M
so the gang of 10 – wasnt just the gang of 10, rnagers and the spl were also there
hope to god we have something up our sleeve
Regardless of the likely acceptance or not of a CVA, doesn’t this SPL rule revision mean that liquidation is more attractive anyway? Wipe slate clean for minimum penalty?
Phil Macs take
http://www.philmacgiollabhain.ie/rangers-prepare-to-walk-away/#more-2431
ulysses mcghee on 11 April, 2012 at 17:07 said:
you are correct my friend . why should i stop following my team , because of them . RE THINK DONE .LET US AT THEM .
weeminger 17.30
Hit the SFA as well. No cup final tickets if we get there. That’ll look good for them, a half empty Hampden. .
YOU ARE ALSO CORRECT . .We must bite the bullet here and stand together on this . we must get even with the people who have been behind every move to keep them alive .
jimtim
sparkleghirl on 11 April, 2012 at 17:49 said:
Regardless of the likely acceptance or not of a CVA, doesn’t this SPL rule revision mean that liquidation is more attractive anyway? Wipe slate clean for minimum penalty?
I would have thought so… Who wouldn’t want to get rid of £100+m in debt? It’s a cheaters dream…
The fix is in, and in a contemptuously public way.
Will the board of any SPL club now show some moral leadership and announce its intention to vote against some or all of the resolutions, or their application to a Rangers NewCo?
It is natural to think that any opposition to these proposals would coalesce around Celtic, but the Celtic board has maintained a near-complete silence till now. It has been commended for that by many: ‘keeping its powder dry’, ‘holding its counsel’ and the like. We shall soon know if that praise was well-founded, for the time for speaking out loudly and clearly against this farrago is NOW.
If we do not see a strong and unequivocal statement to this effect in the next 24 hours from at least one SPL club, we will know that vested interests favouring the status quo have won out in off-the-record discussions that will never see the light of day.
There is some possibility that UEFA or FIFA will intervene, but those two remote and corrupt organisations will only take action if it suits the wider agenda of the politicians who run them. Platini’s Financial Fair Play initiative might just provide the motivation UEFA needs to act, but anyone who relies on these institutions to ensure justice is done is grasping at straws.
That leaves only one body – or perhaps eleven – that can bring the requisite pressure to bear before 30 April. The fans are the lifeblood of the game; for each and every SPL club the support of its own fans is massively more important than the perceived financial benefits of a ‘strong Rangers’.
If 1,000 season ticket holders from each club (bar perhaps Celtic) were to tell their board that they will not be renewing their tickets or attending games next season if a Rangers Newco is voted into the SPL, the financial arguments in favour of NewCo would be largely nullified.
If a wider movement is somehow galvanised, with thousands of fans from each club making that same covenant, not a single club would dare vote for a NewCo parachute. That movement may already have started; if it has not, here is as good a place as any.
The redemption of the SPL lies in our own hands. If we fail to speak with one voice (or eleven!) to the custodians of our clubs in the next 19 days, we will be complicit in whatever happens next.
If I can be forgiven for saying so…. WE are the people.
sparkleghirl on 11 April, 2012 at 17:49 said:
”Regardless of the likely acceptance or not of a CVA, doesn’t this SPL rule revision mean that liquidation is more attractive anyway?”
Yes.
They dump all of the debt.
They might ( and it’s by no means certain) incur a points deduction, but given that they can’t play in Europe for three years, and are hardly likely to win the league anyway, that’s not such a big deal
Paul et al,
For all those threatening to never return to Paradise, to give up season books, Scottish football etc I would counsel the following.
Celtic are the victims here. What sense does it make to punish the actual victims of this scandal/swindle/fraud/outrage.
By all means a blanket ban on attending away games but surely not depriving our own club of funds?
I am furious, depressed and saddened that the SPL have actually stooped so low as to document this outrageous charter for cheats and fraudsters, and expect it to be swallowed by any person with a decent bone in their body.
We will, of course ,oppose it vehemently. The club will vote against it. The public backlash to a sleazy deal concocted behind closed doors, will hopefully be massive.
The spotlight they have turned upon themselves by undermining any sense of fair play or morality, in their desperation to hold on to the grubby coins of the Orcs, will hopefully be the all the illumination required for UEFA/FIFA & the non Orc public to expose, embarrass and defeat resolutions, which are acceptable only in the moral void inhabited by greedy, grasping, indecent ,egomaniacs who purport to represent the best interests of the game.
That said, there is a fair chance this could happen. This wiil of course, mean that franchise football has come to pass. That the structure of the game has been forever altered, in order to favour a club whose unscrupulous, incompetent and deviant business practices have ultimately, and correctly, led them to the brink of oblivion.
Should we be looking for another league. Yes.
Should we refuse to spend a thin dime at the ground of any club voting in favour (and make this clear before they vote). Yes.
Should we be making representations to the European and World governing bodies regards this morally bankrupt manifesto. Yes.
Should we be contacting the financial institutions who bankroll these club,s to point out that they’re being given carte blanche to run a ruinous fiscal policy and avoid all repurcussions. Where liquidation makes more sense that paying your debts? Yes.
Should we punish our own club by non attendance at home? No.
Should we not buy season tickets? No.
Direct all your justified frustration and anger at the appropriate targets. Which are numerous.
Celtic are blameless. I, for one, will continue to wholeheartedly support the club in every way possible. In fact, it would be impossible to do otherwise.
I believe in the Celtic family. When someone is at the door, attacking your family, you don’t start setting fire to your own house.
Cheers
Yogi