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.
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Uefa press pack for tomorrow’s match.
http://www.uefa.org/printoutfiles/competitions/uefaeuropaleague/2015/E/E_2014558_PK.pdf
HH
So our updated possible opponents in Monday’s Europa League draw are :
Group winners : Fiorentina, Everton, Inter, Dynamo Moscow
Champs League seeded 3rds : Athletic Bilbao, Olympiakos, Sporting CP, Zenit St Petersburg (confirmed on UEFA site)
Plus 7 more Europa League group winners from tomorrow
We cannot draw Salzburg.
shieldmuir celt
Here you go…….the infamous 5 way agreement
http://etims.net/wp-content/uploads/2013/09/5-Way-Agreement-As-issued-to-all-parties-for-signature.htm
HH
I’d love to see sally on the apprentice
Jackie mac, sally would probably try it on with karren brady
Cot time for me…….
Night Night Timland.
Weefra HH praying to Wee Oscar.
Dallas@22.24
Stop beating about the bush and say what you really think of Sally.
Ps I like the cut of your jib ha.
HH fhriend
We will probably get one of the russian or ukrainian teams(if a ukrainian team qualifies). I don’t want an english club, all this battle of britain mince gets on my nerves plus in the six years our record v english clubs could be better.
My preference would be bilbao.
goodnight timland just one more sleep
HH
Gearoid , that’s me being restrained about him.
We saw the undertones a few years back and that chancer was standing next to us. It took a lot for us not to say anything to him. We thought if we gave him grief, sleekit would have been in the press saying he was harassed when out with his wife.
Gearoid, i meant to say, a mutual acquiantance of delaney’s, four green fields and i , told me thirty years ago what a runt sally was.
He sat more on the fence about sally than i do. Lol
Dallas
McSleekit by name. Horrible male species.
Dallas Dallas
I fancy Athens – flights @£132 return currently (2 nights stopover) culture and all that (kebabs + ouzo) and a chance to look at the ruins (local talent).
:-)
I think Liverpool will try to win the EL, as the winners go straight into CL Groups now. They won’t make CL through their league position, Rodgers might need a CL place to save his job.
Lots of copies of CQN Annual 2015 going in the post tomorrow. You can order at http://www.cqnbookstore.com – choice to buy Annual at £12.99 or Annual & DVD ( choice of Ten) for £15.
Annual is brilliant – lots of focus on 60s, 70s and 80s.
All the remaining Lisbon Lions have contributed this year. Great read – hope you all support it.
Dallas
McSleekit took a dislike to my sister’s large gold crucifix necklace when she met him once. She put the kiddy on nice guy and his kiddy on sectarian joke in it’s place. Sleekit Lowlife.
Any SMSM carry the story / outcome of the BDO / Creditors meeting..? …..no?
WC-Was your night out last week in Greggs ?…
67 heaven- I think the summary was “their deid” hh
Praecepta, i think olympiacos were the last greek team we played and possibly the only greek team we have been up against. I’m sure it was the 74/75 season.
Delaney’s, a friend of mine used to work in the papers. He interviewed sally about twenty five years ago. He told me he was quite affable but let’s just say my pal got the impression sally’s views on some things were similar to those of some residents of larkhall or bridgeton
Lymmbhoy.Thanks for breaking the code and showing us the CHEATS at work. We must keep up the pressure on them -esp.on the S.F.A.
Sporting lisbon fan had our yellow away top from last season on at tonight’s game.
Dallas
My sis met him about that time. Horrible man.
67Heaven , what was the outcome ? Been out all day .
Sanna
Macanbheatha and Praecepta
well done.
hail hail
Dallas
Check out the amount of Celtic tops, scarves and flags at every Villarreal home match. CELTICSUBMARI
Going back to Benicassim this July to party with the Villarreal Bhoys. They all love the Hoops.
Geroid HT AngelGab
cheers guys
MWD said AYE
I spoke to a woman about 15 years ago who claimed, shall we say, to have worked with sleekit a few times.
Marrakech – in Ugandan discussions ??
Johann
??
Johann
Haha…correct
Wee Nicola on BBC saying she’s ” very comfortable with Lizzie being head of state – really Nicola – she’s german !!! Never be truly independent with royalty in tow-
Moonbeams WD
That bike ride sure aged you buddy ;-)
Suppose that’s another pint on me ! HH
Marrakesh- ha u know :)))
Private eye
;0)
I think Johanson cld be our Tottie!!!1
MWD
HOOOOOOOOOOOOOOOOOOOOOOOOPY Birthday hope you had a great day.
macanbheatha Oscar Abú
Well done to yer Bhoy.
JM
Wee Nicola being sleekit in looking for votes. Sturgeon hates the Jelly Bean.