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.
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Wasn’t Papac out of contract and likely to be leaving in the summer anyway?
Mind you, there will be others eyeing the exit.
Roy Croppie
the big windmill must stay open – and that’s the bottom line…
Been given a tip for “Its all hush hush” in the 6.25 at Kilbeggan.
However as its all hush hush (bit like the masons) dont tell anyone
it was 14/1 earlier
Canalamar
Gordon
Paul67
There ye go, SFA have not granted licence to Newco.
1h LivornoBhoy @LivornoBhoy
@STVGrant Is @Auldheid right when he argues that RFC club licence is not transferable to newco in the vent of BM’s plans coming to pass?
9m Auldheid@Auldheid
@LivornoBhoy @STVGrant If Newco are legal entity they need a licence, who and how was it approved under the UEFA or National Club process?
4m Grant Russell@STVGrant
@Auldheid @LivornoBhoy You’re correct. A UEFA licence cannot be transferred. Nobody has approved a newco national licence, yet.
1h Grant Russell@STVGrant
@LivornoBhoy @Auldheid Perhaps. But newco would already have SFA dispensation in the bag when membership transferred.
12m Auldheid@Auldheid
@STVGrant @LivornoBhoy Finally on what grounds was a dispensation granted. The footballplaying public have a right to know. Why the silence?
12m Grant Russell@STVGrant
@Auldheid @LivornoBhoy Because the dispensation hasn’t been granted yet and isn’t guaranteed to. <++++++++++++ THIS
I'm off for a rum n coke.
Tim Malone Will Tell
Like it lol
CamberwickGreenCSC
Gerry @ 18:01,
JJB get to merchandise OldCo but pay the £3M to NewCo who do their own merchandsing.
With Tennents NewCo get paid the sponsorship money & OldCo pays the bar bills.
Simples…
monteblanco on 4 May, 2012 at 18:11 said:
If you knew Suzy like ah know Suzy!!
Got to laugh sometimes Mate, not many laughing huns around..
STV News in “Bill Miller is a brilliant guy” shocker
LB,
And it’s gonnae cost somebody to get their logo removed from the new shirts, then again Celtic might cop for all the dough left in the pot, now that would be a chuckle.
Dont you just love Bill Millar a genuine clever good guy so say STV news.H.H.
BRTH – quality as ever , I have now done two of these and always get a wee bit bunged up. Similar when we do end of season prize givings for the boys club every season, we see lads moving on in football and moving on in life…always a life re-affirming moment.
Helps take our minds off the saga unfolding down Govan way. You know I am in my favourite city in 2 weeks, you are welcome to join me in a bottle of decent Rioja, I may even pay!
My dear,dear,dear,friend.. Auld Heid
Man.. How Are Ye??
Great tae Greet ye…
Here.. tak a seat.. Get a Load Aff!
Yep.. Celtic shoulda Done that.. Invited Dusty tae tak in
The Thai Tims..and tae Soak up the LUVVIN’ Atmosphere that Permeats.. Parkheid oan the Clyde.. during Matchdays.
Dusty, wid hiv bin Impressed… And No Doot he widda
fun oot.. Jist How a Successful and Well Run Soccer Ootfit. should Be Run…
Man, Isnae the Celtic Board..a Great Body of Men?
Noo.. that thur “Distainers”, oan Here..and Thur Ur Many!.Should Get a grip and realize.. noo that they witness whit a .. No Well Run Club… Looks Like…
Should Re -assess Thur Assessments of Whit they Think of oor Present. Celtic Board.
Nice chattin pally.
Kojo
Yer pal..who thinks ye ur . wan o’ they .. “Mental Giants”
that ye hear aboot.. but, seldom.. Meet!
Still Laughin’
Jeezo, First call on Clyde has Laurie ( a Celtic fan, my ass) saying we need them. Dalziel also spoke to many ex stars last night who insisted we needed them in the SPL.
In all my years of going to CP I need to ask who and where are these people? I have never met ONE fan who demands they stay in the SPL.
All I want is justice.
Bill Miller saved ma dug claims Scoddush Grannie..
are they dead yet?…
I am waiting…
Auld Neil Lennon heid,
Of course they haven’t. Newco doesn’t even exist yet, let alone have made an application for an SFA License.
If such a company is formed and applies, it would need UEFA dispensation to obtain a license.
Auldheid,
How many licenses do they need ?
Good summing up Paul. Nice and simple for a simple chap like me!
Good work.
Could the be trusted with a dog license ?
blantyretim on 4 May, 2012 at 18:17 said:
are they dead yet?…
I am waiting…
………………………………………………………………………………………………
Don’t hold you’re breath m8!
As Darth Vader once said….
“You must NEVER underestimate the power of the Dark Side!”
Spooky- CSC
Bill Miller regularly rescues small dogs. Evidence? Well he is looking to buy a pup…
coat on, heading for door………..
see mee I’m thick…
are the huns gonnae win?
thats all i want to know…
Gordon J,
When the sfa & the spl go cap in hand to uefa begging for a licence, do you think uefa might want to know the result of the contract inquiry before setting such a dangerous precedent ?
blantyretim on 4 May, 2012 at 18:24 said:
see mee I’m thick…
are the huns gonnae win?
thats all i want to know…
…………………………………………………………
No Comment :)))
HH
bt,
How’s the back ?
I’m beginning to get worried,after watching Std news ,everything seems HUNky dory over at
ole murphy park,sleekit sally’s even had a wee rinse and look weeks younger.
BT
Does it really matter in the long run?
Gordon_J backing Neil Lennon on 4 May, 2012 at 18:18 said:
you missed the bit that says “or are guaranteed to.”
The very fact it is not granted and not a given is another barrier an SPL entry needs to hurdle.
Lets not make life easy for the SPL and keep the pressure where it matters on the SFA who are being watched by UEFA. This is where integrity rubber hits commercial road and the best chance integrity has of winning is involving UEFA in the grant of an exception.
canamalar,
I would hope that the Scottish authorities would not even stoop to making a special case for a bunch of tax dodgers and cheats. But would you be surprised if they did?
I suppose when UEFA says no they can tell the huns they at least tried.
Who has the biggest travelling support on average?
Celtic or them?
James_Oregon
Kev.. o)
canamalar
very sore , thought the fact my physio was a tim might have helped…
HT
I want them dead…
ma heid is bursting in all this , but a few nuggets amongst the nutty slack today. Funniest one was Whittaker hinting that he may be off to gaurantee European football. That`s right, a dim-witted footballer thinking he would walk into another team who would qualify for Europe, cannot see any top 16 EPL club going near this dud, still he may get a wee gig in Poland or Austria where “European ” football is a given.
According to STV News Wild Bill, the Tennesse trailer trucker, is so thoughtful & tolerant he teems with a glut of generosity, to such an extent, its virtually on tap. A money hydrant? What a man. A cross between Donald Trump & Mahatma Gandhi. In a rare visit to Glasgow he resuscitated a kitten by giving it the kiss of life. He put his hands on a passing Rangers fan who began to dance as he jumped from his motability scooter. He is the newest new messiah since the last new messiah. According to STV News he is a businessman who doesn’t care about making money. He’s in it for the good of his heart. Wild Bill is an all round good guy.
Good to see the media are tempering their response since the Whytey debacle…with hard well research facts.
Neil canamalar Lennon hunskelper extrordinaire on 4 May, 2012 at 18:19 said:
One to play in the SPL (all SPL clubs are lkicensed by the SFA)
and if they qualify for Europe another licence that follows the process oultined in UEFA FFP. Think of the club licence for the SPL as mimicking the UEFA process as the granting of one (for the SPl) covers the other for the UEFA qualifiers. (two birds with one stone).
Non SPL clubs are governed by National Club Licensing rules.
STV Grant has confirmed
a) no license has yet been issued
b) it is not guaranteed.
He did this after thinking dispensation had already been given and on prompting and checking revealed it had not and was not guaranteed.
Well done Jim Delahunt on SSB
Skelping a hun called George for trying to equate
Celtic Boys Club scandal to hun predicament!
Noticed recently on SSN that the guy’s tie matches the girl’s dress. Tonight the girl’s dress is green – what colour is Jim White’s tie…….?
Nugget…..
Right, time to get on with ma holiday
bt,
Osteopath on hyndland road, heard he’s a miracle worker, it can only hurt a big bit to try.
Hope you get some relief soon.
Hail hail
Bill Miller told me to take up my bed and walk…