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Training Compensation, withdrawn rant, Celtic action on the streets

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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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  1. The Battered Bunnet on

    SoT

     

     

    Hard?

     

     

    I understand Sevcovium decays to Opprobrium.

     

     

    See. Easy Peasy :¬)

  2. blantyretim is praying for the Knox family on

    Are the orcs Bromine.

     

    At ambient temperature bromine is a brownish-red liquid. It has a similarly colored vapor with an offensive and suffocating odor.

  3. South Of Tunis

     

     

    15:10 on 10 December, 2014

     

     

     

    There’s always the one about the sixteen sodium atoms walking into a pub.

  4. setting free the bears for Res. 12 & Oscar Knox

     

     

    the quality of posts today including yours is excellent

     

     

    HH

  5. Thought blog made poor reading last night. I hate it when good Tims fall out over silly issues. Tomorrow will be interesting with Brooney and Charlie out. I expect midfield to be Kayal, Biton & Joe Hanson, looking forward to it already. OK the Christmas tree is up, I just need to put the lights & decorations on now. At this stage with just the two of us living in the house , there must be something amiss when a man a couple of weeks short of his 67th birthday is here putting little plastic green & white hooped footballers on a Christmas tree. I’m putting other bits & bobs as well but the Celtic memorabilia will have pride of place.

  6. Tomorrow’s sports news today…

     

     

     

    DETERMINED Nir Bitton will be a Celt on a mission in Croatia tomorrow night.

     

     

    The final Europa League clash with Dinamo Zagreb is largely meaningless with Ronny Deila’s side already through to the knock-out stages.

     

     

    But the Israeli international midfielder is hoping to impress the Hoops boss again while Charlie Mulgrew is sidelined with a knee injury.

     

     

    Bitton said: “Every game that I play, I just try to do the best for Celtic and then for my future.

     

     

    “Every game the gaffer gives me the chance, I will try to show him that I’m good enough to be in the team.

     

     

    “I wish Charlie all the best and hope he has a good recovery because he is a very important player for the team.

     

     

    “However, it’s not just for me that it is important to show I can play at this level.

     

     

    “For the club, every game in Europe is important, even when we have already qualified and don’t have the chance to go for first place in the group.

     

     

    “It is important for the fans, too. As a professional club and as professional players, everybody here wants to win every game.

     

     

    “So, we will be going to Zagreb looking for a victory.”

     

     

    Bitton isn’t worried about which team Celtic will be paired with in Monday’s draw for the last 32.

     

     

    He added: “I don’t have a preference. We just have to concentrate on ourselves.

     

     

    “If we play as a team, as the gaffer wants, we will be good.”

     

     

     

    Off to the CQN 5s – not sure if Ally McCoist will be there though!

  7. Just a quick one on the Charlie Telfer ramifications:

     

     

    In my opinion compensation should be equal to the current/most recent salary of the player plus sliding-scale add-ons dependent on the number of first team shows in excess of 45 minutes in their current/most recent contract year- say £3k (neg) per appearance.

     

     

    This, I believe, would address Stephen Thompson’s valid point on the stymieing of kids’ careers and exorbitant levels of compensation…and prevent any skulduggery by clubs introducing them as subs for a few minutes at the end of games.

     

     

    So let’s say a player has clocked up fifteen appearances and was earning £40k per year – the compensation would amount to £85k at the end of his contract.

     

     

    If no first team appearances had been made, as in the Telfern case, it seems to me that the player had not been ‘developed’ to a sufficient level by ‘old’ club, and the ‘new’ should only pay a sum equal to his last salary, and continue his development.

  8. winning captains

     

     

    Nir ‘Biton’ Bitton joins a small list of Celtic men who seemed to have their name altered after they arrived.

     

     

    Mark ‘Marko’ Viduka is probably one of the better known and nobody will ever forget the departure of Lou ‘Luigi’ Macari.

     

     

    Any others?

     

     

    LB

  9. Jobo…managed to get to East Kilbride for Christmas shopping and have returned home safely. Sadly not one shop had a 31″pair of trousers. I guess you will just have to hope Santa has some in stock.

     

     

    On a serious note, on my way out of the shopping centre, I noticed a stall (not a shop) was selling sweat shirts with the following printed on them – Bouncy, bouncy, bouncy Nana,nana nana. Surely this is either political, racial or sectarian abuse and is contrary to the OB act. Saw two police officers go past but neither appeared to notice this offensive item. Perhaps some of the locals might go and view this item and deem ( that all encompassing word ) it offensive and report it to the local police.

  10. LiviBhoy

     

    15:28 on

     

    10 December, 2014

     

    winning captains

     

     

    Nir ‘Biton’ Bitton joins a small list of Celtic men who seemed to have their name altered after they arrived.

     

     

    Mark ‘Marko’ Viduka is probably one of the better known and nobody will ever forget the departure of Lou ‘Luigi’ Macari.

     

     

    Any others?

     

     

    =======================================

     

     

    What about Mohammad Johnstone – Mo

  11. Horrid Henry,

     

     

    That way, or something similar is exactly how the fee should be worked out.

  12. LiviBhoy

     

     

     

    15:28 on 10 December, 2014

     

     

     

    winning captains

     

     

    Nir ‘Biton’ Bitton joins a small list of Celtic men who seemed to have their name altered after they arrived.

     

     

    Mark ‘Marko’ Viduka is probably one of the better known and nobody will ever forget the departure of Lou ‘Luigi’ Macari.

     

     

    Any others?

     

     

    LB

     

    ——————————————————-

     

     

    Rafael Scheidt?

  13. my daughter hit me with this one last week …………..

     

     

     

    dad why cant you trust anything an atoms says ?

     

     

    well, because they just make everything up.

  14. seperately, all those menking pop up shops for xmas ………….

     

     

    i seen a bumper game for any sevconian in your life , it was called

     

     

    ZOMBIES VERSUS SOLDIERS.

     

     

    hours and hours of fun.

  15. 204k is huge money for DU to spend on any player,let alone a youth player.If they knew that was going to be the fee,i doubt they would have signed Telfer.

  16. LiviBhoy

     

     

     

    15:28 on 10 December, 2014

     

     

     

    winning captains

     

     

    Nir ‘Biton’ Bitton joins a small list of Celtic men who seemed to have their name altered after they arrived.

     

     

    Mark ‘Marko’ Viduka is probably one of the better known and nobody will ever forget the departure of Lou ‘Luigi’ Macari.

     

     

    Any others?

     

     

     

    —————————–

     

     

    Rafael Pele.

  17. GuyFawkesaforeverhero on

    Don’t know any Chemistry jokes but, same as everyone else during Science class, I enjoy playing Spot the Difference in Regulatory Announcements.

     

     

    Who’s been a naughty Sevconian?

     

     

    10 December 2014

     

    The Company announces that Norman Crighton has left the Board of Rangers with immediate effect.

     

     

     

    27 October 2014

     

    Rangers announces that Graham Wallace, Chief Executive Officer, has resigned as a director and employee of the Company and its subsidiaries with immediate effect.

     

     

    The Directors would like to thank Graham for his contribution to the Club during a difficult period.

     

     

     

    24 October 2014

     

    The Company announces that Philip Nash has resigned from the Board of Rangers (“Board”) with immediate effect.

     

     

    The Board would like to thank Mr Nash for his significant contribution to the Company during what has been a particularly challenging period.

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