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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The Jonatron – thank you.
backtoworkCSC
” it’s now down to BDO to “recover” these fee’s on behalf of “oldco” for the creditors” In the words of Craigy Whyte when the SFA fined the dead club £250,000……….”Good luck wi that”
I see theres been a new version of the band aid song released for the govan paupers:
It’s Crisis time, and there’s no chance of being paid.
It’s Crisis time, our football’s crap, we’re getting sleighed.
And in this world of Ashley’s we wear our brogues with joy
Throw your arms around the huns, this Crisis time.
But say a prayer, pray for the deid heid huns.
At Crisis time, it’s hard, but when there is no fun.
There’s a Tim outside your window, and it’s a Tim with flags and beer.
Where the only joy you’re getting, is knock-off Ashley gear.
And the Crisis bells are ringing, around the dome of doom.
Well tonight that god they’re huns, and they’re not you.
And there won’t be cash at Ibrox Park this Crisis time,
The greatest gift they’ll get this time is loans,
Where nothings ever paid, no bills or so it’s said,
Do they know its Crisis time at all.
Mock the hun,
Let them know its Crisis time
Mock the hun,
Let them know its Crisis time again.
Here’s to you, laughed and jeered by everyone
Here’s to them, bigotry at every turn
Do they know its Crisis time at all.
Mock the hun,
Let them know its Crisis time
Mock the hun,
Let them know its Crisis time again.
Mock the hun,
Let them know its Crisis time
Mock the hun,
Let them know its Crisis time again.
ACGR-An all time classic
Acgr
cracker, a christmas cracker…..8-))
ACGR
Absolutely superb!
HoHoHo!
Natknow
11:25
IMO,the men who helped sell the jerseys were Murrays lackeys.
Traynor
Jackson
Young
Wilson
King(x2)
Guidi
Forsyth
Spiers and the late Glen Gibbons were the real journalists who tried to expose Murray,years before the club got liquidated.If Murrays lackeys were half as professional as the other two,there would still be a club called Glasgow Rangers.
HH
Sandman
He outdone the guy playing the Bonnie Banks of Loch Lomond on an accordion, whilst wearing a Dearth Vader Mask and a Hoodie.
Bizarre CSC
joe filippis haircut
Well you see this is it, we can survive without them it’s thems that need us, that’s why they like the old firm tag, because it includes our name, and the oldest Derby in football it includes our name, I have no interest in an old firm game, or the oldest Derby in the world, I’m quite happy without them and if everyone in Scottish football was honest they would say the same, imagine a SPFL without Celtic, imagine another club in the SPFL with a scottish born player who went to play for another country because of his parentage, problem? Not a chance, it has to have the Celtic name and brand to go along with it, although they are all stop sectarian we are all the same,,,,,,it’s bullsheet, they need the Irish Catholic tag, although they won’t admit it they know it sells, us in this league is a seller, thems in this league with us is a seller, thems in this league without us would last maybe three years, and that’s why the Celtic are the biggest club in this country, so don’t be kidded on we need, or Scotland need, it’s all about us, and they created the monster, it’s just the way it is in this country run by seceret societies, change is needed we want to have our history of how we started from Irish Catholic immigrants of that we are proud of, but not in the way that we are portrayed as by some of the institutions here in this country, and ignored by the government who are running this country (scotland).
Do we have problems with in our supporters,? Of ourse we do, same as every club in the world, in time that will be sorted out, and the sooner the better, but as the man said without them the club is nothing, and the SPFL without this club are nothing, and the sooner someone sorts that out the better, resolution 12? You never know, time will tell.
A Ceiler Gonof Rust
13:36 on 11 December, 2014
There’s a Tim outside your window, and it’s a Tim with flags and beer.
Where the only joy you’re getting, is knock-off Ashley gear.
=====================================
Hahahahahahahahaha
It’s a shame the posters who are permanently raging and constating talking of boycotting our club don’t just boycott the blog as well!
Hope we see a win tonight. New article, Paul?
It was Christmas Time in the Big Hoose
and the cold bare walls were bright.
judester
13:42 on 11 December, 2014
Natknow
11:25
IMO,the men who helped sell the jerseys were Murrays lackeys.
Traynor
Jackson
Young
Wilson
King(x2)
Guidi
Forsyth
Spiers and the late Glen Gibbons were the real journalists who tried to expose Murray,years before the club got liquidated.If Murrays lackeys were half as professional as the other two,there would still be a club called Glasgow Rangers.
HH
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Jude The Dude – you’re right mate. Useful idiots have their…well…..uses! :-))
A Ceiler Gonof Rust
Magic.
HH
Dan
NatKnow
13:49 on
11 December, 2014
========================
Darryl Broadfoot, the PR man for the SFA is STILL in denial over the old club as well as this latest entity. As stout a defender of the conflicted one as there is.
I’ve made sure he cannot come out with the “I was only following orders” defence when the dam bursts……………and it will.
A rambling rambler rambled in the ramble and through the ramble he rambled without rambling about ramblers, were the ramblers could ramble and ramble they did in their ramblings, as if rambling would relieve them from rambles past present and future, but it was not to be as the ramblers association of ramblers rambled up the road and determined that rambling ramblers who rambled, could and would ramble forthwith and hereto for rambling sake and especially that of our rambling children who loved to ramble ramble ramble more thatn ramblers ramble on and on and on and on and on FULL STOP
MWD said AYE
new article posted.
Good moaning.
Eurochamps67
13:19 on 11 December, 2014
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
———————————————————–
The very same. Toots (Freddie Hibbert) was one of the founding members of the band. They were always called The Maytals until their record producer renamed them…
Afternoon all.
Still weird and rotten weather down here. At least, there is the occasional ferry running. So, things must have improved a bit.
Only came on to say that I have just received my CQN Annual.
ACGR
I love your Crisis ditty. Oi’ll boiy it and Oi’ll give it foive.
Jukeboxjurycsc
TonyDonnelly67
I think I’m going to have to go into a dark room and lie down as I find I’m agreeing with you again. His filthy joke at Celtic Park,which, as you rightly point out, had to be cleaned up by someone was inexcusable and beyond The Pale. He has been exploited by a lot of people, however, and he is a sad sight today.
Can you tell us exactly what took place with Charlie Miller in the pub in Canada?
Natknow
13:42
Had a laugh at that
ACGR,
I’ll not think of that song in the same way again…magic:))
tonydonnelly67
12:04 on
11 December, 2014
Charlie Miller? A bitter wee HUN, who at the drop of a hat would give you any sectarian song from there hymn sheet, if he can get away with it, .
He tried it in my pub in Canada, and the rest is history.
*is that when he was over with mcsleekit and Jamie Fowler
Heard an interesting story then that involved cling free and whipped cream