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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well done csb
leftclicktic, 22:42
Today has been an interesting day…
Thanks to Celtic Soul Brother!!!
CSB thanks for that mate much better than CRC’s efforts :-))
TGCW
I’d prefer to put you in the loft!!
Is Bill Miller Willie Miller’s da?
http://www.youtube.com/watch?v=IyG4V2DBW9w
ScotsPatFan 22.21
It was great to see the St Johnstone fans applaud the Thai Tims last night.
After A Stokes goal celebratios in the stadium had died down what a joy to watch the weans dancing & singing long after everybody had sat down again(except G.B.)
Neil canamalar Lennon hunskelper extrordinaire on 4 May, 2012 at 22:23 said:
Must admit, I asked tomorrow to check out the advice being given to clubs by their banks, never got a reply so thought it was a dead issue, neither am I claiming I was the only one to ask the question, but this is exactly what I hoped for, the games afoot :0)
share on F’book or Twitter
Sorry for being a dumb blonde, why do you think this ? is important regarding banks.
OG
What I can’t get my head around is the lack of proper jurnos like AT who are willing to give this a go.
AT has done the spade work, there is a massive story here, fraud within football alone at over half a billion, and that would be conservative, I would imagine minty wouldn’t have clean hands when it comes to MIH etc.
OG R…,
So do we have friends at other clubs offering evidence of bank intervention ?
hamiltontim
Been there,seen that.
SydneyTim on 4 May, 2012 at 22:41 said:
Jc2. I was in Amsterdam the night sinky was superglued to Johan cryuff, Best game Sinclair played
I know it was a long time ago, but I wonder if you can remember the banner put up by the Ajax fans behind the goals at their end? It was written on a white sheet in big, black letters?
We were surrounded by Dutch police in our pen behind the other goals. The police just stood there facing us. Behind them, Ajax fans were lobbing anything they could over the policemen’s heads into our crowd.
There was quite a bit of trouble at the toilets where the fans mixed. All of it came from them. Always had real dislike for them after that game.
I always remember a guy on the bus we went on, Shettleston maybe, who introduced us to the Wolfe Tones. He had tapes of live album ‘Live Alive Oh’. Not long after we returned from that game, the Tones played their first gig in Scotland in the Apollo.
SPF
TGCW
Have you seen it with the squirrels that apparently in it!!!!!!!!
theglasgowcelticway
Ha – I’m not suggesting anything improper of course. That would be wrong.
Hen1rik,
My point to Alex at the time, was, should banks be encouraging clients to use liquidation as a form of debt control.
OG,
rumours of links to the op? If you know what I mean
If Alex Thomo’s latest tweet has any veracity we really have seen this taken to a new level, are Llyods holding a gun to the heads of the SPHell gang of ten?
What is in these alleged letters, what just are they actually saying, are Llyods now running and influencing thee most important decision making process in the history of British sport?
I am under no illusion and neither should any Celtic fan of the conniving of Doncaster and Regan regarding newco’s seamless re-entry into the Scottish game, we all kind of knew anyway that this would be the case, but the public lies, spin and sheer audacity of what they are trying to pull off is astounding.
There have been excellent posts over the last few days from numerous poster’s but the time is coming when the club has to make their and our position clear. We need leadership from the club, before we the support can make up our minds and truly organize a united response to the sheer magnitude of cheating not only by RFCIA but by the SPL & SFA.
I was always of the opinion of this or something like this would happen to let them squirm off the hook, it’s only my opinion but this is what i think what the club should do.
1. Immediate resignation from the League serve notice we will be gone in 2 years, urge the support not to support any club via away attendance if Llyods are playing that game let them keep the hun pound. Immediately start lobbying other Leagues for admittance.
2. Instigate legal action for loss of earnings due to at least 12 years of hun cheating, tie Scottish football up in litigation for years.
3. Withdraw support for any PR for the SPL & SFA, do not work with any media other than C67 and the Celtic Web.
4. Lobby UEFA & FIFA highlighting every instance of cheating and the reasons for resignation from the SPHell.
5. Go on a media offensive at home and overseas, get the message of the death of sporting integrity and football as we no it in Scotland out there.
The time for in-action dwindles by the day, the club know the way we feel, it is up to them to take the lead on behalf of us all, this is probably the biggest fight in our clubs history, we really are at a cross roads, do our custodians deserve to be where they are, have they the balls for the fight?
It is time to put up or shut up, cmon Celtic!
gebhoy
Olsen rings a bell but there was also a Dane called Morten Olsen
I had a big Danish mate who kept telling me all about the great Danish players and what they would do to us in those ties and to Scotland in 1986 world cup.
Nottingham was coldest game in history apart from Kilmarnock game a year past in December .
At least killie gameI was wrapped up and home 20 minutes after full time… Forrest was trendy gear in case we met all the nurses in Nottingham
and a broken heater on the bus from hell back to EK after the game.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Tim Malone Will Tell on 4 May, 2012 at 22:42 said:
jc2
Olssen?
The rumour goes that banks are sending stuff to clubs advising credit continues if Rangers stay in SPL
Paul67 …… You are so correct ….. Some Fholks were a wee bit excited at the news another schister is trying to get his mitts on rankers assets……. And the media didn’t help ….they will write anything to sell papers …..
Anyway, no matter what happens, they are well and truly in the for a good few years now, and they are blaming everyone but themselves….
Tell you what though, those administrators are playing a strange ‘game’, or they are totally incompetent….agendas, agendas, agendas……ah well, off to read back ……(took my grandson to see The Avengers tonight…..bit slow at the start, but brill special effects at the end…….bit like the rankers farce….!!!!!!!)
Someone mentioned the Genius that is Luke Kelly earlier.
http://www.youtube.com/watch?v=YTBC7ckTWpo
Good Night this time
HAIL HAIL
Neil canamalar, 22:48
Several pieces of the jigsaw arrived today. I’d imagine the time for Celtic’s lawyers to be involved may be coming close.
SOAL
And if they don’t continue in the SPL??
HT
Your house will be Repossessed
Laird of the Smiles aka PMTYH on 4 May, 2012 at 22:07 said:
Vogue, have you ever come across this site? :
http://rutherglensgreatest.com/team.php?formation=442
———————————————————-
Sorry mate ,watching the Sopranos,
Yes have seen site ,know a load of the guys,
can’t place the bhoy B Murdoch though.
hamiltontim
There are squirrels in Hamilton?I sense a barbecue.
wee bould bankiebhoy 1
Still diggin at Celtic supporters I see…
Thought you would have learned after makin a show of yourself the other day.
John Keane eh….
Aye lets all laugh at John Keane…
“Come on chums,….Lets all laugh at John Keane…!!!”
As for you Cluesoesque hunhunting….dear oh dear.
You are a sad, strrrrange little man.
Bank managers, administrators, ESPN, SKY, SPL , SFA – I wonder how many masons are involved in the whole shebang?
It should be banned…
Hen1rik,
This was raised on this blog, not by me, a long time ago and discussed at some length, when tomo got involved, I thought it was a very important line of inquiry and raised it.
I am claiming no glory for this, in fact I think it might even have been an article raised by paul67, but regardless it’s getting peeled open now and that is all we want.
Considering that the hun have had multiple contracts for their players, have had licences issued in the knowledge that no licence should have been issued, have had control of the sfa for so many years it should just be honest and change it’s name to the ragers fa.
Would anyone be surprised if they discovered that some referees were on the payrole, not officially mind you, of the hun????
SOAL
My house is council owned!
ScotPatsFan
Ajax have an odd support. I was at our last game there and when we went through the turnstiles there’s then a thoroughfare to walk across, out in the open. They were throwing all sorts at us and Celtic fans had to run the gauntlet of bottles. A steward then told us the missiles were being thrown from one part of the support at another. Don’t know if that was true, but I remember them fighting amongst themselves at CP. Embdy know why?
HT
Aye a Style Council according to CT
THE EXILED TIM
Hi m8, your email address has sent me a couple of dodgy emails (same ones together) over the last couple of days.
They are titled…..
wau!
importante
and they are obviously not sent normally, I think your email may have been compromised.
The link within both flagged up as being a malicious website.
Click aqui para ver el mensaje is within the email in big obvious “I am Spam email”.
Click “here to see the message” in Spanish.
You may well be pumping those links out to all in your address book m8 and if they are on a crap virus software like Norton it might get through.
HH
What if Lloyds have had a hand in or know who may be behind the Ticketus deal?
SPF
Great to know any spare tics? Why are they getting in?
Don’t let hamiltontim kid you.I’m going to help him decorate the east wing of his house in a couple of weeks.
Had to laff at the curn asking when are Everton going to pay for jellyvich on SSB 2 nite?
Third rock from the Sun stuff!!