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?”
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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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TOSB, aye they certainly do go on about their long memories. Strange that none of them can remember where the £70 million, the poppy mioney or the charity fitba money went.
o.g. Rafferty
Spot on. They must think we’re all daft and believe everything we read just because they do.
More gang mentality from the hun hordes,their perceived sense of entitlement ,knows no bounds.I enjoy their torture more and more each day,swaying in a Louis Walsh stylee,as it engulfs thems……
O.G.Rafferty
10:00 on 11 December, 2014
‘In fact, I wouldn’t be surprised if they were brought back to Ibrox for the second half of the season’.
Aye, not because of their supposed talent but because they’ve had to get rid of first team players to pay Ashley
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Good shout. If they’d done that from the start the new club might not be staring administration in the face after only 2 years.
“Rangers don’t give young players a chance is just nonsense”
It is , indeed , nonsense. They gave those young players a chance last week against Celtic`s young players . They took that chance by only losing 6-1 .
JJ
Jimtim@7.47
Will b driving so you can get me a coke ha. I’ll sort you and the Bro with a lift back to the hotel.
Ktf
Jungle Jim Hot Smoked
10:13 on 11 December, 2014
“Rangers don’t give young players a chance is just nonsense”
It is , indeed , nonsense. They gave those young players a chance last week against Celtic`s young players . They took that chance by only losing 6-1 .
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:-)))))))
JJ…………………………..ooooooft:-)
NatKnow
Yes, anyone else would have done but they couldn’t, could they. Their hubris wouldn’t allow it
Anyone else having connection issues with CQN today? Takes me an age to load a page and it usually comes up in a text only format first. Various other sites I’m looking at seem ok …
That Ally Mc Coist is a really sound guy. I knew a manager once he only whispered a couple of sectarian comments in his ear. Furthermore when a tribunal ruling went against his team he only demanded to know their names so that they could be protected. Civil.guy.
Who cares about a second division side?
Why is Scott Brown going to be rested today? We need to improve our European results, I don’t expect our mentality to be a winning one now.
Rest him for the SPL games as we have won the league.
JJ
Cracker
Gordon,
Some of us are being connected to Old Firm News.
The Times lets members of the public write articles for them,and if they think they are up to standard,they will print them.My mate has had a few printed.In saying that,how this piece ever got into print is disgraceful.Inflamatory,and threatening,to say the least.
Anyone who has the time or the inclination should complain.These morons should not be able to print such shameful pieces of hunnishness.
Captain Beefheart,
Celtic wont risk him being booked.
Gordon j
Me too
Started last night
To refresh I’m going back a page then move forward a page …the new page is automatically updated
MSM should be ignored ……they will shrivel and die
I hope Robert Prozineki’s not playing tonight. Even at the age of 45 and still on 200 fags a day he would be a lot to handle:-)
I still have nightmares about the away leg in 98.
PFayr,
Will give that a go, ta.
Hi Turkeybhoy,
Oops!
I had read that Brown and Forrest were to be rested, assumed it was because of fitness.
We owe the Croats a doing, let’s do it.
ACGR
RP was every bevvy merchants hero …loved his swagger
A Ceiler Gonof Rust
Superb in the home leg as well. I have never seen a player control the ball so easilly. One of the best players I have ever seen. Effortless in possession and I don;t think he gave the ball away all night. He seemed to caress the ball and play passes with either foot. A fantastic talent.
LB
Captain Beefheart
Be daft to risk a booking for Broony and wee Jamesy is off to see Santa.
LB
NegAnon2
21:01 on 10 December, 2014
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.
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If yer about fella…..
The Celtic support at the minute consists mainly of – brainwashed by PL’s balance-sheet-bashing-duplicity-designed to smoke-screen the focus from the p#sh on the pitch to the state of the huns and, how our wonderful financially savvy ‘bored’ who continually pursue a ‘failed’ route of player recruitment amply aided by foreign agents, are light years away from the huns.
Aye, if it’s the huns who are died and, as a consequence of this – Celtic Park is ‘mostly’ half / empty(sometimes less) then, does that then indicate that, since the huns died(according to some) that – Celtic are hauf died?
Looks like it to me.
HH
Sleekit’s a stickler:
“Raman Bhardwaj @STVRaman 30m30 minutes ago
McCoist: ”Stephen [Thompson] knew the rules before they got Charlie..you can’t moan about the rules… you have to abide by them’ “
turkeybhoy
10:32 on 11 December, 2014
How about play him but tell him not to tackle and just stay away from the ball, everybody’s a winner HH :-)
KDC, PFayr, Up_Over_Goal,
Can’t disagree with anything you say – Johansen tends to cover a lot of different areas of the pitch in European games, now whether this is a Ronny directive or a sign of indiscipline by Johansen I’m unsure.
I do believe he’s Ronny’s lieutenant on the pitch and he’s increasingly influential. His performances are progressive and I think if he were made captain tonight he might try to do too much, hence why I think he’d be better suited to the defensive role tonight and prompt moves from deep.
He takes Brown’s deeper role and Bitton takes his role.
Just my musings. One things certain, Ronny will make up his own mind and I’ll be just an interested observer like the rest of us.
Monaghan
Rules like paying tax,vat ,paye…….creditors and the like
Shameless cretins
I remember – Sleekit, Ted(Kevin) McMinn and some other hun, kicked a Celtic fan senseless outside some shop in East Kilbride.
Does anyone else remember this?
monaghan1900
10:42 on 11 December, 2014
Mad ally, hopefully when they lose 80% of the telfer fee to BDO he remembers the rules HH
Kev J. You are beating the same drum relentlessly day after day, week after week year after year. I do not doubt your sincerity, I’m sure if I met you for a pint, I’d find you a kindred spirit and enjoy your company but pray tell what precisely are you advocating that Celtic Supporters do.
All this talk about stand up to the Bored, re-build the jungle, re-take the Club are all great sound bites but could you please in every day language spell out precisely what you mean when you say something like re-build the jungle and could you offer a clear cohesive way forward that will achieve the aims you are championing.
I loved the old days, I loved the buzz, hearing the Celts sing Sean South etc and I hate political correctness and the sanitisation of football. I didn’t even mind the Orcs singing The Billy Boys etc. but those days are gone and can never return and if you and I had total control of Celtic Park it wouldn’t make a blind bit of difference.
To affect the major type of change you appear to advocate, would either entail a blanket Boycott of all things Celtic or a huge fan fund raising initiative to attempt to buy the Club from Desmond. Please spell out the plan and lets see if it stands up to forensic examination.
Sorry for being so long winded but I’m sick of you insulting me and my fellow supporters by calling us fools, so put up or shut up.
KevJ
I went to the Grand National a few years ago and we stopped at a boozer in Gretna on the way back to watch the Hoops. Ted McMinn entered the pub with two heavies. We played Killie at Rugby Park. There was a another bus in from the Grand National and a rake of Tims enjoying the game and playing pool. They were cheering on Celtic and having a great time. One of the heavies approached them and they exited sharpish. Never even finished their game of pool.
Dunno what was said but Ted McMinn didn;t come across as the friendliest of punters.
As for Sleekit my then girlfriend worked at the Dalmahoy in the late 90’s when Gazza lived there and McCoist was a regular booze partner. She said he was the sleazied guy she had ever met. Gazza on the other hand was a gentleman.
LB
hun skelper
10:46 on
11 December, 2014
I don’t think they will. The reason being that Charlie Telfer will have been registered with Rangers Youth Development. That was one of the assets (and therefore so was Telfer) bought by Charles Green in the £5.5M deal. As far as I can tell Telfer was never registered with RFC 2012, so BDO will have no claim.
KeV
I have many issues with Celtic PLC and I post them on here often enough.
But am I to stop my daughter growing up loving the whole Celtic experience due to my views.?
I think no. I buy her all the new strips plenty of Celtic gear and her ST.
She deserves to grow up loving Celtic the way I did..
Hail Hail..
Re Telfer
£200k for a player with no first team experience to speak of …coming from a lower league team
What are we to expect if Henderson left in similar circs ….£2m ??
BT
Then when she grows up she can become a malcontent like us :-))
Optimist of the day goes to the news presenter who just said this:
‘Stay with us for Ed Miliband’s economic speech from the city.’
No thanks.