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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McInally
Jim McInally
Mcinally
Jim McInally
Round 5: Hoops am I?
(Remember one guess only, so up to you when you want to guess. 5 bonus points if you are first to guess the answer correctly-4 other clues to follow but the points available decrease per clue!)
1.I Only played in 3 Competitive games for Celtic(all in different competitions) ,making my debut in 1982.(20 Pts)
2.I had 2 different spells at both Dundee clubs.(12 Pts)
3.I returned to Celtic in 2000 to coach the Youth Team.(6 Pts)
Jim Mcinally
sparkleghirl, 22:17
Celtic’s lawyer’s are going to be busy men…
Jim McInally
Round 5: Hoops am I?
(Remember one guess only, so up to you when you want to guess. 5 bonus points if you are first to guess the answer correctly-4 other clues to follow but the points available decrease per clue!)
1.I Only played in 3 Competitive games for Celtic(all in different competitions) ,making my debut in 1982.(20 Pts)
2.I had 2 different spells at both Dundee clubs.(12 Pts)
3.I returned to Celtic in 2000 to coach the Youth Team.(6 Pts)
4.I won 10 Caps for Scotland.(3 Pts)
HT, TET, veiled or implied, gets very interesting if info on it can be got
OG, you hearing stuff?
jim duffy?
Jim McInally
Laird of the Smiles aka PMTYH on 4 May, 2012 at 21:28 said:
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/
Again, thanks for posting that link.
Brings back lots of memories.
I remember Paul McStay blasting it over the bar in the last minute.
Was it live on tv?? I could be wrong.
SPF
Davie Moyes
Just showed mrs j the Thai Tims. Tears in the eyes from the both of us thinkin abt you Reamon.
Is there a DVD coming out?
Round 5: Hoops am I?
(Remember one guess only, so up to you when you want to guess. 5 bonus points if you are first to guess the answer correctly-4 other clues to follow but the points available decrease per clue!)
1.I Only played in 3 Competitive games for Celtic(all in different competitions) ,making my debut in 1982.(20 Pts)
2.I had 2 different spells at both Dundee clubs.(12 Pts)
3.I returned to Celtic in 2000 to coach the Youth Team.(6 Pts)
4.I won 10 Caps for Scotland.(3 Pts)
5.I managed a team against Celtic in this year’s Scottish Cup.(1Pt)
nah…!
Answer-Jim McInally.Final Scores to follow
Paulo Sérgio
Sinky was a legend or he was if I remember correctly in game against AJAX
A team that included I think
Soren Lerby ..Jasper (went to mautd)??? and Johan Cryuff
>>>>>>>>>>>>>>>>>>>
Celtic Champs Elect on 4 May, 2012 at 22:29 said:
graeme sinclair
JimmyQuinnsBits, 22:33
Oh yes
….obvious, eh!
Some of the answers anyway………..
HHH.
OG
heheh… time for a beer I think
alex thomson @alextomo
Anybody from Lloyds Bank want to talk anonymously about letters sent to SPL clubs?
In the words of Jimmy Cricket… and there’s more
Does anyone know if Rangers Fighting Fund shoud be or is a formed company?
Jc2. I was in Amsterdam the night sinky was superglued to Johan cryuff, Best game Sinclair played
Jude 2005
Do you know that the ThaiTims are playing at CP again v Hearts on the last game of the season? It’ll be brilliant.
If I was in charge of the event, I wouldn’t sit the ThaiTims next to the Hearts support as they did v St.Johnstone once they finished singing.
SPF
Well done Hamiltontim-unlucky everyone else particularly Tim Malone(thanks for posting That Sinking Feeling the other week btw)who led from Round 1.
Thanks everyone for taking part and hopefully CRC back next week!
Final Scores
1.Hamiltontim-44
2.Tim Malone-36
3.Glasgow Celtic Way-33
4.PGG Tips-30
5.Babasonico-24
6.SOAL-21
6.SFTB-21
8.Stringer Bell-17
8.Celtic Champs Elect-17
10.Racingbhoy-14
11.Top Corner-6
jc2
Olssen?
O.G. Rafferty
Keep up the good work, but i think Alex needs help any sign of any on the horizon outside this bigoted wee nation.
Goodnight all
HAIL HAIL
Bloke109
Will they be transferred to newco,(liquidation in a suit) too.
podium?
Salute hamiltontim.
Cheers CSB,nice wan(yama).
Blown a big lead – I feel like Ally McCoist :(
Well done to Hamilton Tim and thanks to Celtic Soul Brother.
Well done HT and CSB for making Duffer and Duffer look like honest men
Love
well played hamiltontim & tim_malone
i seem to remember that the SFA had written to all member clubs to ask them to fess up if they had used an EBT…did we even find out the result?
Well done hamiltontim.Could you please clear your mantelpiece!!