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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Bawsman
11:58 on 11 December, 2014
KevJungle – Walk-on in the Jungle is magic, just magic
11:54 on
11 December, 2014
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Are you permanently beeling?
__________________________
Nah, just on here coz I dont do sychophancy.
What about you?
Livi@11.39
We are on the same page there. Sad to see someone who had it all mining the depths he has currently plummeted to.
One thing (amongst many) that I really like about this blessed place we can have our spats and spit out the dummy re where we are going and how we have got to where we are but there is no denying the love that the vast vast majority of posters have for the famous Glasgow Celtic.
Oh and everyday is an education.
HH
I am hearing you Kev but at least we clarified the game plan.
I am not saying that Desmond would follow the Ashley model and simply lend money to the Club, with loans secured over the assets but he might.
However lets be realistic if all on here and many more joined your crusade what would really happen is that the Boycott would at best get a 50% support, players would be sold, support staff would lose their jobs, Lennoxtown would be sold, closed down, progression in Europe would no longer happen. If you really feel so strongly would it not be better to start a new Club, The Real Celtic, much as the disaffected Man United supporters did and start from the bottom.
KevJungle – Walk-on in the Jungle is magic, just magic
The SFA would have let us walk.
We are where we are and the remit now is to pump whatever mob currently reside at Ibrokes when we have to play them.
Don’t let it take up all your thoughts. It’s great to be a Celtic supporter. Maybe you should embrace and enjoy it. Life is short. Try and live it with a smile on yer coupon – most of the time!
LB
KevJungle – Walk-on in the Jungle is magic, just magic
12:03 on
11 December, 2014
How many season’s with no football would Celtic have survived? If we’d chucked in the towel as you put it. We’d certainly have had no football in that season. Do you think any existing league structure would have been in position to accept us the following season?
We’d be the one’s that were gone. If that had happened I suspect that league restructuring putting The Rangers straight into the SPL would have been immediate.
What you desire is some kind of Celtic Utopia and Utopia’s of any sort are simply in the realms of fantasy.
Greenpinata
12:03 on 11 December, 2014
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If ?…..you ever stood in the old Jungle and, let sumdy piss on you
thats you look out I’m afraid.
The stadium hasn’t been a Celtic haven since MO’N left and was replaced by a , string of puppets which has resulted in you having to wait till, Scotland play there to fill it, such has been the demise that seems to have escaped yerself and, many others attention span.
Probably to busy laughing at the died huns who’ll be back to show you, and many others just how died they are.
TD@12.04
Belfast brigade not PCW brigade.
Glad to see your still brimming over with the milk of human kindness/spirit of compassion.
HH and Girfuy lol
TD@12.04
Belfast brigade not PC brigade.
Glad to see your still brimming over with the milk of human kindness/spirit of compassion.
HH and Girfuy lol
weeminger
12:09 on 11 December, 2014
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Nah, what I desire is a Celtic Football Club who will not be subservient.kow-towing-sheep of the hun establishment.
Is that too much to ask?
Is tonight’s game an early kickoff?
I’m blaming the cold weather on the lack of salt.
Brrrrr csc
Eddie,
1800 cp time.
Someone was asking about the Hitler Youth earlier (Rangers Youth Development scam)
Drive for youth
By Ewing Grahame
12:01AM BST 21 Apr 2004
Comment
Rangers yesterday announced the privatisation of their youth policy as they attempt to claw back the lead champions Celtic appear to have over them in that department.
The club have formed a separate entity to be known as Rangers Youth Development Company, in order to fast-track their stars of the future. Four businessmen – Ian Russell, Paul Murray, Jim Whitelaw and Walter Nimmo – have contributed £1 million and Rangers have doubled that amount to fund the project.
The aim is to be self-financing by increasing the percentage of home-grown talent in the first team at Ibrox and there will be financial incentives for success: whenever a player who has come through the ranks has made 10 appearances for the senior side, the RYDC will receive a fee from Rangers in line with UEFA’s current compensation scheme for players under 23.
Ironically George Adams, the man in charge of the new company, was once employed by Celtic, where he was instrumental in the progress of players like David Marshall, John Kennedy, Shaun Maloney and Craig Beattie.
“I’m experienced enough to know that success at this level does not happen overnight,” he said. “It will be a long time before what we want to happen happens. At the moment we have some of the best talent at Under-15 level and below, but it will take four or five years to see the best of them.”
Thanks, wasn’t sure. Here’s hoping the boss let’s us away early for a change.
gearoid1998
12:13 on 11 December, 2014
TD@12.04
Belfast brigade not PC brigade.
Glad to see your still brimming over with the milk of human kindness/spirit of compassion.
HH and Girfuy lol
_________________________________
The only good thing that came out of Ibrokes was the Sherriffs Officers
Lurking HUNS GIRFUYs
geordie munro
12:15 on 11 December, 2014
Eddie,
1800 cp time.
cp time? Celtic Park?
South Of Tunis
11:25 on 11 December, 2014
Advent Christmas choon countdown _Strictly Vinyl 45 -Day 11 .
Horace Andy —Christmas Time ( Money Disc )
The Cables ——–Christmas (Studio One )
The Silvertones -Christmas Feeling ( Studio One )
The Gaylads –Christmas Bells are Ringing ( Coxsone )
The Maytals -Christmas Season Jamaica (Ska Beat ).
Sunny , 14 degrees, cold breeze -way down south.
————————————————————————-
Been enjoying your daily Christmas selections, SoT, but thisis the best day so far IMHO. Off home to put these on…!
:-)))
KevJungle – Walk-on in the Jungle is magic, just magic
12:05 on
11 December, 2014
Bawsman
11:58 on 11 December, 2014
KevJungle – Walk-on in the Jungle is magic, just magic
11:54 on
11 December, 2014
==================================
Are you permanently beeling?
__________________________
Nah, just on here coz I dont do sychophancy.
What about you?
=======================================
Life’s too short, I enjoy and count my blessings.
I went along with my Grandson (3) and his big 8y/o sister to see Santa on Saturday, you forget about innocence and magic………Wish his Gran had been here to witness those moments of absolute wonder.
Anyway……………. aff oot for a weeks golf in Tenerife in the morning.
Kev,
What do you propose is done about it then?
Ambigious statements like yours above are all too easy to make and are frankly lazy. What do you want to happen? What are your suggestions to achive it? What are your ideas to address the weaknesses as you see them? Or, are you waiting for a big boy to come along and sort it all out for you
corkcelt
12:05 on 11 December, 2014
LiviBhoy
12:07 on 11 December, 2014
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Thanks for yer debate and resposes – Hail Hail
Going away Off oot in the knowledge that yeez have been completely ‘nuetered’ by the hierarchy at Celtic Park’s spin and, will be forced down the road of fan-revolt against yer will when, all the while yeez could have been on the front-foot….steering the good ole Celtic on a less hazardous journey.
Thanks for the chat fholks – Hail Hail
Off oot, bye Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
podium 666
Bawsman
12:23 on 11 December, 2014
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Absolute Respect pal – take care.
Hail Hail
Bye this time Zzzzzzzzzzzzzzzzzzzzzzz
butsybhoy, I was avoiding that post. Not really superstitious but don’t want to temp fate :)
I am not as negative as some about the hoops I genuinely think they are on the right track football has changed from the days of the old jungle to moneyball and we have to accept that.Looking back is not going to change things I think we have a decent young manager and some decent players we are being linked with new players to strengthen the team and unlike many clubs Celtic are solvent we need Champions league football to fill the stadium we dont need the Rangers but they need us.We are the top team in Scotland while being run prudenly so why all the negativity ? H.H.
It’s hail hailing from the heavens just now. Take care everyone who has to be outside today.
For any Tims making the game tonight.
CelticFC SLO@CelticFCSLO · 2h 2 hours ago
Security meeting this morning confirmed, ticket check, barcode scan and search for fans entering, could take some time please go early
Have a nice rest Kev you need it, Re your remark how soon the Huns will be back showing us how deid they are. Possibly true but your solution is to destroy our own Club thus reducing ourselves to their level making it all the more easier for them to hump us.
Present custodians policy is to strengthen Club build our infra structure, have a Stadium and an income stream and a panel of players far better than they have, it doesn’t guarantee us future supremacy but it gives us a hell of a better chance than your plan.
Anyway I’m oooff ooott to a Memorial Mass for a deceased friend but at least you have now clarified exactly what you advocate so it makes future discussion a lot easier.
God Bless you Kev. I actually like you ye bampot.
Every morning like Groundhog Day on here…..
One day I’m going to recognise even just 1 choon mentioned by ole South of Tunis ;-)
!BADA BING!
Just popped in for a lurk,and you’re on.
Like bloody Grou….
From BBC…..
Rangers manager Ally McCoist insists Dundee United chairman Stephen Thompson should stop complaining about the fee he has to pay for Charlie Telfer.
Thompson was angry that a tribunal ordered United to pay Rangers £204,000 compensation for the 19-year-old, who moved to Tannadice in the summer.
“Stephen knew the rules before he went and got Charlie,” said McCoist.
“I don’t think you can complain about the rules after you make your own decision. You have to abide by them.”
++++
The last paragraph. An absolute stonker even by Salarys standards. Away to look out my dictionary. I’m sure this will be verbatim next to the word “IRONY”.
No offence Jobo bit,
No chance of knowing any of South of Tunis’ Christmas Choons!
D’ye think that Maytals one is the same mob as Toots sang with?
EC67
May I ask a genuine question re the Telfer issue.
Was/Is there a published formula for compensating a club who had developed a young player. So is Alloa McCoist suggesting that when Dundee Utd took the player they knew what they’d have to pay – X years @ £Y? Notwithstanding any separate debate about whether, in the previous 7 years, he’d been at 1 club or 2?
What happens in the case where, for example, there’s a young player developed at Hamilton from age 14 to 16 who then moves to Motherwell till age 18 and is then signed by us? Would we be due to pay 3 years compensation to Hamilton and 2 to Motherwell?
Just seen a guy in Buchanan St with a Blue Sevco Santa hat?
GodBlessHim CSC
Jobo, from what I understand, in your hypothetical question, we would pay the full 5 years comp to Motherwell, it would then be their responsibility to pay the 2 years comp out of that fee to Hamilton. Is this something that is enforecable by the governing body? I have a feeling it won’t be in this case. As Paul alludes to it’s now down to BDO to “recover” these fee’s on behalf of “oldco” for the creditors.
Managing to keep your bunnet on in Glasgow could get you into Sports Personality of the year over the last two days.
bournesouprecipe
13:27 on 11 December, 2014
Just seen a guy in Buchanan St with a Blue Sevco Santa hat?
GodBlessHim CSC
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Junkie chic.
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