Summary of Rangers situation

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In response to some of the more excitable comments from yesterday it might be worthwhile painting the possible scenarios for Rangers.

No Sale

If Bill Miller is unable to complete the sale (remember, he’s not even paid the deposit and has no intention of doing so), the club will reach the end of the season and run out of money.  It will then either expire completely or Duff and Phelps will try to cut a deal with Ticketus to allow Rangers to sell season tickets and retain more of the money than they are currently due.

Rangers could continue to operate in administration for a while to come; Motherwell were in administration for one week short of two years.  The club would be unable to afford player wages after they return to normal in 1 June so would be forced to pare the squad back, whether the ban on player registration remains or not.

Miller completes purchase and the SPL vote him into the league

If Miller completes his purchase, as it stands, the SPL board will have discretion to transfer an insolvent club’s share in the league to a Newco.  Neil Doncaster has pinned his colours to the mast on this issue, Steve Lomas explained St Johnstone’s willingness to also vote Newco in.  Celtic will vote against which means if either Motherwell or Dundee United vote in favour of Newco, they will be allowed into the league.

I have no doubt that both Motherwell and Dundee United will vote in favour of Newco.  The SPL will vote to introduce a new procedure for dealing with Newco on Monday but it’s far from clear this proposal will get enough support.

For Miller, there are complications with this issue.  He would inherit all football and financial penalties due for Rangers and would also be expected to pay Rangers football debts – around £3.5m.

You can largely ignore the £160k Fit and Proper fines from the SFA but the SPL inquiry into Improper Registration of Players for over a decade will be the biggest charge in the history of British sport.  We should be looking at fines commensurate with the financial benefits accrued and multi-year sporting punishments.

If the SPL rule amendments Newco are rejected on Monday (as I expect), there are some who are concerned SPL board will impose lighter penalties than those suggested by Neil Doncaster’s new rules.

Alternatively, Miller could tell the SPL to stuff it and apply to the Scottish Football League.  Ally McCoist has already threatened this in response to the already-imposed fines and the notion is popular among Rangers fans I know.  If the did this, Newco would not have to pay Rangers football debts and would be subject to no penalties or player registration bans.  They could budget for three years of lower-league football and then tool up for the summer of 2015.

You can expect some though talking from Rangers on going to the Third Division in an attempt to spook the SPL into offering limited, single-season penalties.

Among the many unknowns, we can be sure of a few things:

Rangers Football Club, established in 1872, is finished.

Some form of phoenix will happen, if not for next season, then probably by 2013.

The SPL will complete the inquiry into Improper Registration of players, whether Rangers exist or not.  If a Newco is granted Rangers SPL share, penalties will be punitive.

Notions that ‘Rangers’ are going to emerge debt-free, strong and able to compete as though nothing has happened is simply nonsense.  Their club is dead.  They will start a new club, it will either be back in the SPL unhindered in 2015 (or 16) or will be in the SPL next season, heavily burdened for many years to come.

My prediction is for the latter.

You can buy a hard copy of the new issue of CQN Magazine via Magcloud here.

The graphic below is just for a flick through, to read the magazine go here to it’s dedicated site.

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  1. hamiltontim on

    Round 1 -Looks like Europe will be Hun free for at least 3 years .so…

     

     

    NO HUNS IN EUROPE –PART ONE

     

     

    CELTIC Vs ENGLISH CLUBS IN EUROPEAN COMPETITION.

     

     

    1.How many different English teams have Celtic met in European Competions. 6

     

     

    2.Celtic have played Liverpool 6 times in Europe-how many games have Celtic lost. 1

     

     

    3.Who are the only English team to have a 100% winning record against Celtic. Notts Forrest

     

     

    4.Name the 2 English teams that we have a 100% winning record against. Blackburn, Leeds

     

     

    5.Name the 3 Celtic players to score against Man Utd in the Champions League

     

    Henke, Lennox, Wallace

  2. ST,JOHN,DOYLE.Now that you have been re-elcted to the glasgow council .now is the timto e to get this so called triangle around celtic park of the ground so to speak, also do something about that eyesore the old school as well . and congrats on being re-elected

  3. Brogan Rogan Trevino and Hogan supports Kano 1000 on

    Jmccormick

     

     

    I arrive with 5 others on the evening of the 17th and staying till 20th.

     

     

    Going to the Springsteen concert on Friday 18th so will be about doing what I am best at…….

     

     

    Talking, Drinking, Eating and doing Bugger all else………

  4. The Spirit of Arthur Lee on

    1 6

     

    2 1

     

    3 arsenal

     

    4 blackburn and leeds

     

    5 naka jvo mcdonald

  5. whitedoghunch on

    blantyretim on 4 May, 2012 at 20:31 said:

     

     

    Brodan

     

    I’m a hairy assed eejit on CQN..

     

    you bhoys blow me out the water with your posts..

     

     

    I’ll 2nd that

     

     

    BRTH

     

    a friend with a michelin star in Barcelona ate in

     

    http://www.abacbarcelona.com/ a couple of days ago and was very impressed-I think it has two stars or chef Jordi Cruz did when I was there.

     

    Not that I’m crabbit or difficult but I walked during a crap milk fed lamb when there much to the annoyance of the chef/staff left a big tip just to throw them.

     

    Paul should have my eating guide to Barcelona rather than take space here.

     

    Hankering back to your earlier post- saw it from a shaking doe through to the first star http://cincsentits.com/ best foie in the world in hotel omm opposite.

     

    Let me know if you need reservations etc.

  6. theglasgowcelticway on

    If I remember correct it was 0 0 a the City Ground,(first leg) in 83.

  7. Celtic Soul Brother- Supporting Kano 1000 on

    theglasgowcelticway on 4 May, 2012 at 21:13 said:

     

    If I remember correct it was 0 0 a the City Ground,(first leg) in 83.

     

     

    You do ! Answers to follow in 1 minute

  8. 1.How many different English teams have Celtic met in European Competions.

     

    7 ?

     

     

    2.Celtic have played Liverpool 6 times in Europe-how many games have Celtic lost.

     

    1

     

     

    3.Who are the only English team to have a 100% winning record against Celtic.

     

    arsenal

     

     

    4.Name the 2 English teams that we have a 100% winning record against.

     

    blackburn

     

    leeds

     

     

    5.Name the 3 Celtic players to score against Man Utd in the Champions League

     

    naka

     

    jvh

     

    shaun

  9. Celtic Soul Brother- Supporting Kano 1000 on

    NO HUNS IN EUROPE –PART ONE Answers

     

    CELTIC Vs ENGLISH CLUBS IN EUROPEAN COMPETITION.

     

    1.How many different English teams have Celtic met in European Competions.6(LIVERPOOL,LEEDS,FOREST,BLACKBURN,MAN UTD,ARSENAL)

     

    2.Celtic have played Liverpool 6 times in Europe-how many games have Celtic lost.1(2-0 ECWC SEMI-FINAL 1966)

     

    3.Who are the only English team to have a 100% winning record against Celtic.ARSENAL

     

    4.Name the 2 English teams that we have a 100% winning record against.LEEDS,BLACKBURN

     

    5.Name the 3 Celtic players to score against Man Utd in the Champions League.JVOH,NAKAMURA,SCOTT McDONALD.

  10. Celtic Soul Brother- Supporting Kano 1000 on

    SCORES AFTER ROUND 1

     

    1.Tim Malone-12

     

    2.Stringer Bell-9

     

    3.SOAL-8

     

    4.Glasgow Celtic Way-7

     

    5.Hamiltontim-6

     

    6.Top Corner

     

    7.PGG Tipps-5

     

    8.Racingbhoy-5

     

    9.Celtic Champs Select-5

     

    Round 2 in 1 minute

  11. Stringer Bell on

    Great chip from thevmiserablelittlegitthat was skippy.

     

     

    Disapointed I forgot that.

  12. Celtic Soul Brother- Supporting Kano 1000 on

    ROUND 2 WHO AM I-PLAYED FOR BOTH CELTIC AND DUNDEE UTD.

     

    Name the following players from the list of clubs(in order of senior appearances)they have played for:

     

     

    1.Celtic, Dundee Utd(loan), Swindon

     

     

    2.I.C.T., Forfar(loan), Dundee Utd, Celtic, Middlesbrough.

     

     

    3.Dundee, Aberdeen, Celtic, Dundee Utd

     

     

    4.Dumbarton, Dundee Utd, Celtic, Stockport, Hamilton, Motherwell, Airdrie

     

     

    5.Celtic, Dundee Utd(loan), Wolves, Southend(loan), Aberdeen, Celtic

     

     

    6.Rangers, Coventry, Dunde Utd, Hearts, Celtic, Randers, Falkirk

  13. blantyretim on

    if any of you bhoys know a pyhsio called Emmett

     

    tell him I hate him…

  14. Tim Malone Will Tell on

    1. Caddis

     

     

    2. Barry Robson

     

     

     

     

    4. Sinclair

     

    5. Mulgrew

     

     

    6. Pressley

  15. Celtic Champs Elect on

    1.Celtic, Dundee Utd(loan), Swindon

     

    caddis

     

     

    2.I.C.T., Forfar(loan), Dundee Utd, Celtic, Middlesbrough.

     

    robson

     

     

    3.Dundee, Aberdeen, Celtic, Dundee Utd

     

    garner

     

     

     

    4.Dumbarton, Dundee Utd, Celtic, Stockport, Hamilton, Motherwell, Airdrie

     

    walker

     

     

    5.Celtic, Dundee Utd(loan), Wolves, Southend(loan), Aberdeen, Celtic

     

    flood

     

     

     

    6.Rangers, Coventry, Dunde Utd, Hearts, Celtic, Randers, Falkirk

     

    pressley

  16. sparkleghirl

     

     

    You would think…but it’s slimy huns we’re talkin here but thats how I see it too…. and I don’t think I would be too happy about being forced into such a position.

     

     

    Im afraid though, when it comes to the likes of me trying to understand the mind of huns — let alone crooked huns — I lose the will to look any deeper.

     

     

    The whole saga leaves me feeling rather nausious. Sorry I can’t elaborate.

     

    Hail Hail

  17. sparkleghirl on

    Brogan Rogan Trevino and Hogan supports Kano 1000 on 4 May, 2012 at 21:06 said:

     

     

    Thanks, off to read it now

  18. I reckon if the spl capitulate and go for money over sporting integrity. Celtic should propose the rule that teams can pay others as an incentive to win / lose matches. So any league deciders we can offer more money than whateverhuns therefore secure success. And other teams have chance of extra earnings.

  19. hamiltontim on

    ROUND 2 WHO AM I-PLAYED FOR BOTH CELTIC AND DUNDEE UTD.

     

    Name the following players from the list of clubs(in order of senior appearances)they have played for:

     

     

    1.Celtic, Dundee Utd(loan), Swindon Caddis

     

     

    2.I.C.T., Forfar(loan), Dundee Utd, Celtic, Middlesbrough. Robson

     

     

    3.Dundee, Aberdeen, Celtic, Dundee Utd

     

     

    4.Dumbarton, Dundee Utd, Celtic, Stockport, Hamilton, Motherwell, Airdrie

     

     

    5.Celtic, Dundee Utd(loan), Wolves, Southend(loan), Aberdeen, Celtic

     

     

    6.Rangers, Coventry, Dunde Utd, Hearts, Celtic, Randers, Falkirk

     

    Elvis

  20. St.John.Doyle on

    Celtic Soul Brother- Supporting Kano 1000 on 4 May, 2012 at 20:57 said:

     

    St.John.Doyle on 4 May, 2012 at 20:52 said:

     

     

    Congratulations-well done,both for your re-election and involvement with The Thai Tims.

     

     

    I dont know what I enjoyed more my 9 year daughter certainly preferred the Thai Tims going to her school it helps when she rightly takes the credit for inviting Paul Lennon while he was in Thailand her idea for the Chambers and school visit. I will need to keep an eye on this yin.

  21. BABASONICOS71 on

    1) Paul Caddis

     

    2) Barry Robson

     

    3) Dom Sullivan?

     

    4) ???????????

     

    5) Charlie Mulgrew

     

    6) Stephen Presley

  22. theglasgowcelticway on

    1paul caddis

     

    2robson

     

    3don’t know

     

    4don’t know

     

    5mulgrew

     

    6elvis

  23. Stringer Bell on

    ROUND 2 WHO AM I-PLAYED FOR BOTH CELTIC AND DUNDEE UTD.

     

    Name the following players from the list of clubs(in order of senior appearances)they have played for:

     

     

    1.Celtic, Dundee Utd(loan), Swindon

     

    jp mcgovern

     

     

     

    2.I.C.T., Forfar(loan), Dundee Utd, Celtic, Middlesbrough.

     

    Barry robson

     

    3.Dundee, Aberdeen, Celtic, Dundee Utd

     

    Billy stark

     

    4.Dumbarton, Dundee Utd, Celtic, Stockport, Hamilton, Motherwell, Airdrie

     

    david hannah

     

    5.Celtic, Dundee Utd(loan), Wolves, Southend(loan), Aberdeen, Celtic

     

    Charlie Mulgrew

     

    6.Rangers, Coventry, Dunde Utd, Hearts, Celtic, Randers, Falkirk

     

    Elvis the pres

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