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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20 years of cheating. Equals 2 seasons of points deductions? thats all I get from this.It looks like they will see newco as a continuation.
The european football ban is the rules, they are upheld.Why do they see that as punishment enough for LIQUIDATION!!??
Apalling, so predictable..Please Uefa get involved and stop this.
leftclicktic on 11 April, 2012 at 18:00 said:
enquiries@scotsprem.com
email bounced back
blantyrekev,,,m
even better :o)
I like it.
Had to switch Clyde off. Does my head in listening to Keevins and his mates whining about why we just HAVE to let Rangers back in.
Why don’t we just have an official announcement from the SFA and SPL, joint statement, that Rangers ARE Scottish football and have done with it.
yogijunior3 on 11 April, 2012 at 18:44 said:
Well good luck to you, and those like you, who’ll be supporting one half of the old firm.
Because that’s all that Celtic will be.
The less important half of the old firm.
Tony McKelvie @TonyMcKelvie
In the Newco SPL, points will be awarded by the match sponsor. A Celebrity Panel judges Penalty Kicks. Fans can vote by text on Red Cards.
Ernie Lynch
They would just accept our resignation.
We have nowhere to go.
We cannot play call my bluff with Celtics future.
TT
Catriona Shearer and Judith Ralston on the same program ………………well well well
the glorious balance sheet-A fine post sir.HH.
Barrach,
That seems reasonable.
TinyTim,
I think it is that simple.
It also worth pointing out that nothing happened today, instead a potential happening was proposed. We still have a long way to go and the fact Rangers fans are reacting as negatively to this as some Celtic fans only emphasises how complex this situation is becoming. I still don’t think the adminstrators know how this will play out. Pretty sure that they expect most of the potential outcomes to be unknowns at the moment.
ghents
Keevins and co must support this newco cheating …without the huns they are nothing
Unless there are hundreds of thousands cancelling sky or espn this will have no impact whatsoever on this.
Bonty Bhoy
“I didn’t present them as my plans, and I didn’t indicate support for them.”
You were, and still are, enthusiastic about the realism of this way forward. So why regret that now and express other preferences? If you are comfortable that this is realism, you will be comfortable going forward with them.
I do not want realistic corruption. I do not consider fairness an imaginary concept.
TinyTim on 11 April, 2012 at 18:51 said
Sky would call our bluff?
The sponsors would call our bluff?
We wouldn’t be accepted into the third division?
ernie lynch
seriously bad news, turning this into a fight about the board. on a day like today, for you to turn the conversation they way you have says everything. your chips were pissed on when it became clear that celtic were not going to vote for a newco to be admitted into the spl, you are absolutely determined to use this whole affair to attack the board, unfortunately you’re out of luck. they’ve done noting except for act in the best interests of the club
this isnt about the board or celtic and most of all it isnt about your vendetta against the plc.
Scenario: what if a combination of the points deduction and the huns having to play their under 15s for most of next season leads to them finishing bottom? What then?
Cheers BontyBhoy
Bhoycott away games and support and give money to Celtic by attending beambacks at Paradise.
Simples.
HH
We have only imo one hope that could halt these proposals in there tracks and that hope is HMRC if what we all fear comes to pass they will be well out of pocket.I would suggest we would be better to write to HMRC as outraged tax payers rather than writing to a moraly corrupt SPL .H.H.
media doing a wonderful job ignoring the real reason behind the new regs
being reported as harsher sanctions etc
little mention of the newco clause
the media are wonderful and ignoring elephants ..even when they`re in the same room
http://notonewco.wordpress.com/author/notonewco/
Link above is to a group trying to organise fans against the newco. You can register and join and also follow on twitter. Be good if as many of us as possible joined!
Senior Pablo Diablo 18 .49.
The penalty for this would be that Celtic would have all matches declared as defeats.
Whats the point?
Where does that hurt anyone but Celtic.
TT
From FF..incredible
_____________________
After they kill Rangers the apathetic Protestants in Scotland will not be safe.
Laugh if you will, but this isn’t a sporting matter far less a laughing one.
Today’s announcements have been planned and timed for maximum effect.
The point of this planning is strategic and it is aimed directly at Rangers Football Club in order to destroy it.
This is a huge step in a cultural war.
Not an opening shot, this is a fusillade aimed at the very heart of the Protestant Community.
Sure there are useful fools that will fall into line with the enemy and they will be cited as the reason that this should not be interpreted as part of a sectarian war, but these puppets merely mask and disguise the string pullers in this conflict.
Regan the Roman Catholic from England with no outstanding credentials to run Scottish football was placed in his position by manoeuvres engineered by men like Reid, Liewell and Desmond.
Other moves were then made to ensure that the puppet master Liewell would remain in arms length of Regan in order to make sure his obvious lack of nerve and intellect were not left exposed and that when leaning was required it would be at hand.
The SFA has fallen and so has the SPL.
Everything has clicked into place for our enemies and they are not going to let the chance to destroy us slip by.
Where Whyte stands in all of this I have no real idea, but I cannot believe he was just mere coincidence.
His appearance from nowhere and his subsequent elevation into the ownership of Rangers stinks.
We were told at the beginning he was a front for other people.
Now I am beginning to wonder.
However, when Rangers are gone, the last crumbling bastion of Scotland’s Protestant resistance will go with them.
The rest will be a simple matter of tidying up any pockets of resistance and rounding up the odd rabble rousers.
The new legislation in law is already in place to deal with them.
Wake up ffsake before it is too late; this is a war against you and your own and it will not stop when your football club has gone
garcia lorca on 11 April, 2012 at 16:43 said:
KevJungle@c.11.53am
Re Newcastle riots. Rather frustratingly I wrote a long piece around lunchtime about much earlier trouble but it got lost in the ether. I think the blog went down for a few minutes.
Anyway they caused a lot of bother in Wolverhampton in the late 50s when they played Wolves in the European Cup.
*Why are Glasgow rangers fans called huns?
Answer:
in 1961, rangers travelled to wolverhampton to play wolverhampton wanderers in the European cup winners cup. true to form, their supporters ran riot through the town destroying everything in their path. in an article appearing in the English press shortly afterwards they were described as ‘coming across the border like marauding huns’. thus, a humorous accurate and nonsectarian term of endearment was created for the rangers.
Kingoh on 11 April, 2012 at 18:46 said:
Nonsense!
I’m 48 years old, I have been attending games for 35 years week in week out, if this goes ahead I’m gone!
I will not put another penny into a rigged competition!!
the SPL say if Rangers are still in administration by the start of next season they will be deducted 25 points,,,but if they choose Liquidation thay only get deducted 10 points,,,talk about an invite to Liquidate???
the SPL have given Rangers a road map on how to get around the whole Newco situation,,,the game is a bogey ghuys!!!
Hail hail
the plot thins
I’m very puzzled how the feck are Celtic the bad guys. People not going to renew books etc. Celtic have done nothing wrong. The punishment is what the punishment is, you see it in everyday life. Some scumbag doesn’t get the sentence they deserve. I for one want to watch lennons lions roar and I will be there.GLASGOW CELTIC CHAMPIONS
We have to go nuclear if these proposals are passed by the knuckle-rubbers who run our game.
That means a legal challenge, and if needs be, litigation against the SFA for allowing it to happen.
What then happens is that Scottish clubs and the national side are banned from all UEFA and FIFA competition.
That’s also our best chance of getting this story to as wide an audience as possible. If it doesn’t shame the SPL into abandoning their plans, then nothing will.
We would then have a choice to make – watch Celtic play in a WWE style, “Sports Entertainment,” league, or refuse to participate in a sham of a competition run for the benefit of a team who have cheated the rest of the league for the best part of two decades.
celtic40me on 11 April, 2012 at 18:54 said:
”ernie lynch
seriously bad news, turning this into a fight about the board.”
You’re the one who has decided what the board will do, thereby condemning them.
I haven’t.
ernie lynch on 11 April, 2012 at 18:51 said:
ernie,
I am, of course, delighted to accept your good wishes in the spirit in which they were offered.
Hail Hail
Yogi
JFH 18.56
Joe,
what do you think HMRC are going to do about it?They can’t even get the money that they are legally owed.
They have no power over the SPL or the SFA.
TT
mic1888 says no to newco no to o*d f***m on 11 April, 2012 at 18:57 said:
Kingoh on 11 April, 2012 at 18:46 said:
Nonsense!
I’m 48 years old, I have been attending games for 35 years week in week out, if this goes ahead I’m gone!
I will not put another penny into a rigged competition!!
share on F’book or Twitter
Well said that man, it’s more people like you we need.
No wonder this league has been corrupt for years with people not doing the honourable thing.
I’m sure someone will be able to quote the current rule, but I believe that as it stands an SPL member cannot transfer their share to another company, it must be rescinded to the SPL for them to reassign.
Resolution 5 therefore, which clarifies the process for (direct) share transfer, is the one which must be vehemently opposed. This resolution requires 11 votes to carry.
Barrach Obampot don’t need no stinkin’ Rangers on 11 April, 2012 at 18:55 said:
”Bhoycott away games and support and give money to Celtic by attending beambacks at Paradise.”
The other clubs in the SPL will allow beambacks?
If that’s the best you can come up with you might as well say nothing.
notthebus
frightening stuff
their cheating fraudulent behaviour seems to be lost on them
Tiny Tim. I think fella if these proposals are carried out and Newco come straight back into the SPL the Celtic you and I know will be finished.Why do I say that? well I believe thousands of Celtic fans will vote with there feet and not in these hard times put any more money into a corrupt league.It will hit Celtic hard I know but I would rather spend the money on my family as pay it to corrupt football.H.H.
Dortmund v Bayern about to start on ESPN. Madrid derby at 9pm on Sky Sports 2.
Celtic have to make some sort of statement about the proposals, even if it just amounts to, “We are aware of the proposals and will make a considered response in due course.”
It’s easier to stop a fortress being built in the first place than it is to take it down once it’s built. Every second of delay in Celtic’s response strenghtens the likelihood that the proposals will be passed.