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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1forest
2mcgeoch,stmirren
3sutton
4samaras ibrox.was for me.
5larsson
6mcgeady
1 – James Forrest
2 – D McGeogh v St Mirren
3 – Henrik
4 – Commons v rfc*
5 – Henrik
6 – McGeady
S B
Herad snippets abt that I think it was abt the incinerator??
SFTB
Great shout for no. 3!!!
Laird of the Smiles aka PMYTH 21.28
http://www.ltlf.co.uk/forest/2010/03/matchday-memories-forest-celtic-uefa-cup-1983/
Thank you for link,We are different :))
Ps Question for anyone a few weeks ago there was talk of a UEFA compliance officer coming to Scotland.Did he arrive.????
HAIL HAIL
SydneyTim on 4 May, 2012 at 21:46 said:
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
—————-
You have been south of the equator a long time amigo, if you think that over -priced Pretension Parlour is on of the best restaurants in Glasgow:-)
RIP MCA
http://www.youtube.com/watch?v=JhqyZeUlE8U&ob=av2e
Answers in 1 minute
BRT&H
Sure it was the Vogue you were drinking in then?
Can’t remember any intelligent fholk boozing in there……………………………..bt that includes you.
Round 3 CELTIC PLAYER OF THE YEAR AWARDS. ANSWERS
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.JAMES FORREST
2.Who got goal of the season and against which team was the goal scored DYLAN McGEOUGH/ST. MIRREN
3.Who won Celtic POTY(not Players POTY) at the first awards night in 2003. BOBO BALDE
4.Who won goal of the season last season for his goal against which team.BROONIE/HUNS
5.Who is the only player to have been voted POTY twice since the awards started in 2003.NEIL FRANCIS LENNON(2003/4 + 2004/5)
6.Name the only player to have won both Young POTY and POTY(not in the same year btw)AIDEN McGEADY(YOUNG POTY 2004/5 + 2005/6-POTY 2007/08)
Vogue
Ha ha yes it was me all right……. would be in with the odd Crozier or other bozo from Dumbarton……
VP
TGCW used to drink in The Vogue and he’s really intelligent!!
Well he’s one of only 20 residents of Halfway that can read :-))
SCORES AFTER ROUND 3
1.Tim Malone-24
2.Stringer Bell-17
3.Glasgow Celtic Way-16
4.Hamiltontim-16
5.SOAL-15
6.Racingbhoy-14
7.Celtic Champs Select-12
8.SFTB-12
9.PGG Tipps-10
10.Babasonico-8
11.Top Corner-6
Short Break-back at 10.05
I drank in the Vogue once.Apparently naked drinking is not allowed.Haven’t been back since.
HT
big JF after you now…
If huns go to Div 5 – great!
if they remain in SPL deprived of dignity, points and tv/euro income – great too!
I’m just looking forward to looking down on them for the rest of my life..
div 3!!!
Div 5 sounds even better
BT
He’s one of the 20!!!!! :-)
SydneyTim
go into Tetsuyas and eat be blessed.
If you can’t get a table me old mucker Clayton is head chef just now.
Round 4 No Huns In Europe Part 2
Celtic Vs French Clubs In European Competition
1.Name the 3 French sides we have played in The European Cup/Champions League.
2.Who were the first French team to knock Celtic out of Europe.
3. Who were the French opponents when Henrik broke his leg.
4.Who are the only team we have beaten in France in European competition.
5.Which team knocked Celtic out of Europe in Martin O’Neill’s first European Campaign.
6. How many different French teams have Celtic met in European Competions
Most of the others don’t vote because they can’t spell x.
TGCW
You must have been in TVB on the wrong night.
Naked drinking night is on a Monday.
Vogue, have you ever come across this site? :
http://rutherglensgreatest.com/team.php?formation=442
Just poured a glass of brandy and listening to Luke Kelly singing ‘Raglan Road.’
Bugger worrying about Rangers future.
1. Marseilles, St Ettiene, Lyon
2. PSG
3. Lyon
4. St Ettienne
5.
6. 5
Round 4 No Huns In Europe Part 2
Celtic Vs French Clubs In European Competition
1.Name the 3 French sides we have played in The European Cup/Champions League. Nantes, St Ettienne, PSG
2.Who were the first French team to knock Celtic out of Europe. St Etienne
3. Who were the French opponents when Henrik broke his leg. Lyon
4.Who are the only team we have beaten in France in European competition. Nantes
5.Which team knocked Celtic out of Europe in Martin O’Neill’s first European Campaign. Bordeaux
6. How many different French teams have Celtic met in European Competions
6
1.Name the 3 French sides we have played in The European Cup/Champions League.
Nantes St. Ettiene Lyon
2.Who were the first French team to knock Celtic out of Europe. Paris St. Germain
3. Who were the French opponents when Henrik broke his leg. Bordeaux
4.Who are the only team we have beaten in France in European competition. Nantes
5.Which team knocked Celtic out of Europe in Martin O’Neill’s first European Campaign. Bordeaux
6. How many different French teams have Celtic met in European Competions 5
1.Name the 3 French sides we have played in The European Cup/Champions League. nantes st etienne psg
2.Who were the first French team to knock Celtic out of Europe. psg
3. Who were the French opponents when Henrik broke his leg.
lyon
4.Who are the only team we have beaten in France in European competition.
nantes
5.Which team knocked Celtic out of Europe in Martin O’Neill’s first European Campaign. basle
6. How many different French teams have Celtic met in European Competions
4
share on F’book or Twitter
1. Nantes, St Etienne, Lyon
2. Paris St Germain
3. Lyon
4. Nantes
5. Bordeaux
6. 6
No worries!
Make it a double……
1) Lyon,Rennes,Rimes
2) Rimes
3) Lyon
4) Auxerre
5) Bordeaux
6) 6
Pintagin..,
If you going to be eating seafood in the afternoon, your as well going past No.16 turn left at the lights and about 70 yards along is a great wee seafood restaurant called 88.
Argh!
Forgot the team we played this year. A sure sign of aging
WDH
Never been there yet
Heard that its very pricy
Maybe when I retire
bankiebhoy1 on 4 May, 2012 at 22:10 said:
No worries!
Make it a double……
Confession time. It’s my third. 3 Barrells bought for about three pounds in Gibraltar.
night night…
@alextomo: Anybody from Lloyds Bank want to talk anonymously about letters sent to SPL clubs?