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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Not doing the competition Ghuys but I was at both games against Forrest, I lived in Birmingham at the time. Just came across this from a neutral, a must read for all Celtic fans, it also shows the difference between us and the hun:
http://www.ltlf.co.uk/forest/2010/03/matchday-memories-forest-celtic-uefa-cup-1983/
I remember the bhoys on the floodlights, probably some CQN’rs.
Hail! Hail! PMTYH
5) Mulgrew
o.g
not received but sebt a text to p67…
1 Caddis
2 Robson
3 dom sullivan
4 Hunnah
5 Mulgrew
6 Elvis
1- Paul cadis
2- Barry robson
3 – Jim mcinally
4 – Zheng zhi
5 – Charlie M
6 – presley
pggtips2 on 4 May, 2012 at 21:27 said:
Actually I know who #3 is now, damn!
CRC can I still answer
Who is CRC ? As it is the hardest question of the night yes ok but not for double points!
ThisIsTheOne on 4 May, 2012 at 20:42 said:
They could sell off parts of the assets if they got a better price for them. Some have been critical of them because did not do this. However as they want to sell as going concern they want to sell as a package.
Of course there is some speculation who has a charge on this but this would not stop them selling it but the first call on the cash would be the charge holder before it went into the ‘pot’.
I suppose the stadium is only of benefit to another football team and who else in Glasgow/SPL wants a 50k ground at present. However if they were liquidating and not selling as going concern they would put it on the market for ASDA/Tesco or a builder. Murray Park is of course in a green belt and might not be suitable for this.
If there is no newco and it just folds who knows what might be on that site…a casino perhaps…no that’s just moonbeams!!!
i sent one too…
hooooops
CSB cheers
3. Jim McInally
Appreciated
Laird of the Smiles aka PMTYH on 4 May, 2012 at 21:28 said:
I can confirm it was brass monkey weather,
ripped my troosers jumping into main stand
to escape the crush.
gingangooleyC.S.C
pggtips2 on 4 May, 2012 at 21:31 said:
CSB cheers
3. Jim McInally
After all that -wrong!
Answers in 1 minute
Brogan Rogan Trevino and Hogan supports Kano 1000 on 4 May, 2012 at 21:00 said:
St J D
Well done — it was good to meet you on Monday– keep up the good work.
The City Chambers is 1 of 2 famous Glasgow institutions that came into being in 1888
It was great to put a face to so many famous CQNers
At the end of the count today I suggested we do a Labour Huddle some thought it might give the mis-leading impression that we have a lot of Celtic supporters in our Group!!!!!!!!
Laird of the Smiles aka PMTYH on 4 May, 2012 at
Great article ,thanks for posting.
Reading the election results Online.
I think I now detest the SNP as much as the Tories.
The intimidation factor at yesterday’s election in certain wards in Coatbridge was horrible.
Certain candidates should be ashamed.
ROUND 2 WHO AM I-PLAYED FOR BOTH CELTIC AND DUNDEE UTD. ANSWERS
Name the following players from the list of clubs(in order of senior appearances)they have played for:
1.Celtic, Dundee Utd(loan), Swindon PAUL CADDIS
2.I.C.T., Forfar(loan), Dundee Utd, Celtic, Middlesbrough. BARRY ROBSON
3.Dundee, Aberdeen, Celtic, Dundee Utd STEVIE MURRAY (Great player-had to give up with bad injury but came back years later to play 3 games for Dundee Utd)
4.Dumbarton, Dundee Utd, Celtic, Stockport, Hamilton, Motherwell, Airdrie TOM McADAM
5.Celtic, Dundee Utd(loan), Wolves, Southend(loan), Aberdeen, Celtic POTY
6.Rangers, Coventry, Dunde Utd, Hearts, Celtic, Randers, Falkirk STEVEN PRESSLEY
CSB hahahahaha
The mention of a moonbeams casino makes me think of one of my favorite Thommo quotes:
RFC(IA): “as much a casino as a football club”
Which, by association of ideas, leads me on to a new name that was mentioned awhile back for NewCo: Casino Loyale.
Colors: Black and red (à la roulette): they’ve already got the scarves and the soaks.
;o)
O.G
replied
SCORES AFTER ROUND 2
1.Tim Malone-20
2.Stringer Bell-12
3.SOAL-12
4.Glasgow Celtic Way-11
5.Hamiltontim-10
6.Racingbhoy-9
7.PGG Tipps-8
8.Celtic Champs Select-8
9.Top Corner-6
10.Babasonico-4
Round 3 follows in 1 Minute
1.Celtic, Dundee Utd(loan), Swindon
Paul Caddis
2.I.C.T., Forfar(loan), Dundee Utd, Celtic, Middlesbrough.
Barry 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
Charlie Mulgrew
6.Rangers, Coventry, Dunde Utd, Hearts, Celtic, Randers, Falkirk
Stephen Pressley
Csb
As hard as the last round was, that was. Great question
:-)
Round 3 CELTIC PLAYER OF THE YEAR AWARDS.
Charlie won the POTY on Sunday at the Celtic Player Of The Year Awards.
1.Who won the Young POTY for the second year running.
2.Who got goal of the season and against which team was the goal scored
3.Who won Celtic POTY(not Players POTY) at the first awards night in 2003.
4.Who won goal of the season last season for his goal against which team.
5.Who is the only player to have been voted POTY twice since the awards started in 2003.
6.Name the only player to have won both Young POTY and POTY(not in the same year btw)
when I heard the news
Dr John lets the youngster show off
Round 3 CELTIC PLAYER OF THE YEAR AWARDS.
Charlie won the POTY on Sunday at the Celtic Player Of The Year Awards.
1.Who won the Young POTY for the second year running. Forrest
2.Who got goal of the season and against which team was the goal scored Dylan St Mirren
3.Who won Celtic POTY(not Players POTY) at the first awards night in 2003. Henke
4.Who won goal of the season last season for his goal against which team. Paddy St Mirren
5.Who is the only player to have been voted POTY twice since the awards started in 2003. Henpke
6.Name the only player to have won both Young POTY and POTY(not in the same year btw) Maloney
CSB
sorry boss
gonna have to pull out o the quiz
late oclock here
bed time
thanks again
TC
Round 3 CELTIC PLAYER OF THE YEAR AWARDS.
Charlie won the POTY on Sunday at the Celtic Player Of The Year Awards.
1.Who won the Young POTY for the second year running.
Forrest
2.Who got goal of the season and against which team was the goal scored
stokes killie
3.Who won Celtic POTY(not Players POTY) at the first awards night in 2003.
henke
4.Who won goal of the season last season for his goal against which team.
Sammi Huns
5.Who is the only player to have been voted POTY twice since the awards started in 2003.
henke
6.Name the only player to have won both Young POTY and POTY(not in the same year btw)
Aiden
share on F’book or Twitter
WDH@20:11
Cheers– Thanks for that
1. Forrest
2. McGeouch – St Mirren
3. Henrik
4. Sammi – Rangers
5. Henrik
6. Shaun Maloney
Question: If a newco is created leaving the oldco with all the toxic debts, what happens to the newco if the oldco can’t agree a CVA and simply dies?
If the answer is very little then we may as well switch the lights off on the way out.
1.Who won the Young POTY for the second year running. Forrest
2.Who got goal of the season and against which team was the goal scored
Wanyama v Hearts
3.Who won Celtic POTY(not Players POTY) at the first awards night in 2003. Henke
4.Who won goal of the season last season for his goal against which team.
Crosas v St Mirren
5.Who is the only player to have been voted POTY twice since the awards started in 2003. Aiden McGeady
6.Name the only player to have won both Young POTY and POTY(not in the same year btw) Aiden McGeady
.Who won the Young POTY for the second year running.
forrest
2.Who got goal of the season and against which team was the goal scored
dylan killie
3.Who won Celtic POTY(not Players POTY) at the first awards night in 2003.
agathe
4.Who won goal of the season last season for his goal against which team.
hoops rangers
5.Who is the only player to have been voted POTY twice since the awards started in 2003.
kok
6.Name the only player to have won both Young POTY and POTY(not in the same year btw)
aiden
TopCorner on 4 May, 2012 at 21:43 said
No probs-good night-where are you btw?
Pintofg
When u said chip , I mean the ” ubiquitous chip” across fae jintys
One if the best restaurants in Glasgow
If you want to treat the mrs then that’s the place tae go
1.Who won the Young POTY for the second year running.
James forrest
2.Who got goal of the season and against which team was the goal scored
Dylan McGeoch St. Mirren
3.Who won Celtic POTY(not Players POTY) at the first awards night in 2003.
Bobo
4.Who won goal of the season last season for his goal against which team. Paddy McCourt St. Mirren
5.Who is the only player to have been voted POTY twice since the awards started in 2003. Neil Lennon
6.Name the only player to have won both Young POTY and POTY(not in the same year btw) Aiden
1) James Forrest
2) Dylan McGeoch,St.Mirren
3) Henke
4) Marc Crosas,Aberdeen
5) John Hartson
6) Aiden McGeady
1 forrest gump
2 Bob Dylan
3 henrik
4 sammi
5 kok
6 aiden
Hurry up all you Googlers :-)))))))