Football clubs tie themselves in knots sometimes. Newco Rangers fired off with an incorrect rant on the same club/new club debate yesterday, only to be told to withdraw it a couple of hours later – which they promptly did. Dundee United signed Charlie Telfer on a free contract and were due to pay Training Compensation to his previous club, for the player’s development from when he was 13-years-old.
Football operates a Training Compensation system whereby clubs signing players up to 23-years-old have to make a payment for the development of the player since they were 13. The payment is made in its entirety to the club which previously held the player’s registration. The receiving club is then obliged to pay any previous clubs for their portion of the player’s development.
Dundee United contested the rate at which they had to pay for Charlie Telfer, incorrectly, as it turned out. They did not contest that they were due to pay the entirety of Telfer’s development to the preceding club. No mechanism exists to forgive Training Compensation obligations in the event a preceding club no longer exist. Any monies due remain payable, ultimately to the club’s creditors.
Those at Newco who fired off the statement in haste yesterday will now consider that they have collected payment for services fulfilled by oldco. It is up to Rangers’ liquidators, BDO, to recover their portion of the money from Dundee United on behalf of creditors.
A condition which Newco signed up to, to gain membership of the SFA, was that they become responsible for all Rangers’ football financial obligations. This includes paying down Training Compensation, as well as the still-uncollected £250k fine levied by the Nimmo Smith Inquiry.
That £250k fine has become something of a football ‘football’. It is a football debt due to the SPL, which has since folded its liabilities and obligations onto the SPFL. The SPL was not in a position to enforce payment as newco never played top flight football, so the matter was parked until it became actionable. I don’t know the current position of the Nimmo Smith £250k debt but faux bravado can only encourage others to ask the question, “Where’s our £250k?”
CQN Annuals are shipping! If you pre-ordered it should be dropping through the letter box soon. You can order yours here in time for Christmas, or you can order an incredible Annual-DVD bundle here, two stocking fillers in one hit. Get ‘em while DVDs remain in stock!
Have you signed up for the bucket collection on Sunday? Hope to see you there. More importantly, if you only have four minutes to spare today, watch this video. It is out today and tells you what all the £1’s that go into your buckets do.
The whole ‘More than a club’ business takes life on the streets of Scotland, the schools of Africa and lots of places in between. You need to watch the video to find out how.
709 Comments- Pages:
- «
- 1
- ...
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- ...
- 19
- »
Moonbeams WD. Wee Oscar’s our Bhoy and Kano’s our mhan. The Vow – Critically Rebuked by 45% of this fine nation.
many hoopy returns sir
HH
The Comfortable Collective –
I think he just did :-)
Hoopy birthday to excellent CQN’R Moonbeams
tom mclaughlin
Miss read you mate my appols.
Delaney’s, it would have been magic being on a night out with the two of them.
Dallas
It was indeed! :)
Tony –
Accepted. Thanks mate.
Eddiegreenhillsbhoy
Did you manage to get someone for the vacancy you had?
HH
City could nick this.
The ranjurs have just announced that the New Statement is the same as the Old Statement.
The history has been saved in a word document and the “sentiment” is being kept alive in an icloud incubator.
Summa
As far as I’m concerned until they produce arguments to the contrary they (RFC & SFA under CO) are as guilty of deception as the Earl of Hell’s waistcoat is black and I’ll not be happy until this becomes the narrative of Scottish football.
Dinamo Zagreb have won their league for nine years in a row.
Bye bevan
Whit wid you know aboot playgrounds,thought you had nae
time fur skool or wis it teachers?
~~~~~~~~~~~~~~~~~~~~~~~~~~~
Your right on both counts, school, and teachers,.
And at Saint Johns Accadamy For Young Gentleman, in the Gorbals we didn’t have a playground, it was an arena, and you had to be good when you went into it, my big brother was, so I had no problems ;)
charles kickham –
Monaco won their group this year by securing 11 points. Their scores? Beat Leverkusen 1-0(H), drew 0-0(A) with Zenit, drew 0-0(H) with Benfica then lost to them 1-0(A) before winning 1-0(A) to Leverkusen and then hammered Zenit 2-0 at home (including a last minute 2nd!).
Played 6 games scored 4 goals and conceded 1.
Looks like we’re not the only team that has narrow wins. But, seriously, I wonder if any other team has ever won their Group whilst scoring just 4 goals. And 2 of them in the 1 game!
Jobo Statto
.
Did Canamalar Not recommend CQN Posters did this for a While..
..
Woman addicted to eating toilet paper gets through a roll a day
Jade Sylvester developed her desire for eating toilet paper when she was expecting her youngest son.
The Mail Online reports she now eats as much as an entire roll every day.
She has two rolls of toilet paper in the loo one for normal use and one for eating.
Sylvester told the Mail Online: ‘Two months into the pregnancy, I started craving toilet roll. I still don’t know why. ‘I like the feeling of the texture in my mouth, rather than the taste. I like the dryness. ‘My family tell me it isn’t very good for me – but I can’t help it.’
She ‘suspects she suffers from Pica. Wikipedia defines Pica as an appetite for substances that are largely non-nutritive, such as paper, clay, metal, chalk, soil, glass, or sand.
Ps..Is Maggie McGill Preggers..;-)
Summa
.
Jobo..
2 Teams have Qualified with 3 Goals..think it was Roma and an other..
Summa
The Comfortable Collective
I think i did…. didn’t I?
B-)
Jobo Baldie
20:41 on 10 December, 2014
It never ceases to amaze me how after 6 games in the CL it always comes down to the last game – classic example this year is man city – never struck a blow till the last game – played 5 and won one
Deidco qualified on lowest points ever i’m sure,might have been 5…
Great banner in the Roma crowd:
NO TOTTI
NO PARTY
:-)
Jimtim
Don’t Know where you’re staying but get a taxi to the Rock bar or the Felons
You’ll be fine there,not many city centre pubs will show Celtic,they’ll be showing EPL clubs,
‘mise BB HH
TBB,Embramike and all contributors to chat sevcovium &
administratium,excellent debate:)
How is density be measured?
hh
:-)
I wonder what Caesar thinks of poxco, newpoxco, ashleyco ?
I shudder to mention him in the same sentence as the incompetents.
Anybody ever heard him talk about the subject ?
I’d be interested in what he saw was their effect on Scottish football.
Auldheid
I agree or worse about the SFA and CO, however what do you think of DD’s staement about them being needed due to size history and fans, this is narking at me and I think is the corporate attitude of the board in that they wont challenge or oppose the governing body helping them at every turn oldco or new club
Thanks Denia & BSR
MWD said AYE
TD, St. John’s, the third best primary in the Gorbals behind St Francis and St Luke’s
.
Tom McLaughlin
20:52 on
10 December, 2014
Great banner in the Roma crowd:
NO TOTTI
NO PARTY
:-)
Tom..
l think the same could be said for Australia Actress Totti Goldsmith..(Seemingly)..;-(
Met her at a Party Hottie Tottie..
Summa
Just thought of the late Arthur Montford there. Stramash in the Barca box!
Bada Bing
I thought the only time sevco got into last 16 they had 6 points.
Ross Mcormack I think got a injury time leveller maybe
against Bratislava to ear the point.
So…compensation is paid to a club for a player since the age of 13… Even although for a large part of it the club didn’t exist
Is the any end to the SPFL / SPL incompetence
Their rules and regs aren’t fit for purpose ….neither is the entire organisation
Their remit isn’t large yet they continue to make a pig’s ear of it …hopeless
It’s a reflection of how far our ambition has fallen that posters are more interested in cashing in on players and getting all excited about transfer fees we never reinvest in the team.
Nasri scores a beauty for Citeh
PFAyr
Is RC Ogilvie not the world’s greatest administrator?
Sure I read that often, growing up.
That City shot appeared to hit the post flush yet still went in, some shot.
Then he goes on a 5 minute run off the pitch to the away support, outcome no yellow card :o)
A scoring draw is enough for Manchesity so by scoring once they force Roma into going for 2. Should be a good last half hour.
Nasri -a hell of a hit !
Neg
Who wants our players sold? Apart from the SMSM.
What have the Romans ever done for us?