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Training Compensation, withdrawn rant, Celtic action on the streets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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709 Comments

  1. Dallas@18.44

     

    As usual correct on all counts Dallas.

     

    Maybe not the best fullback we ever had (or close to it) but no one could doubt his love for the Celtic.

     

    One of the saddest episodes that I can recall happened when he missed the penalty in the Cup final against the Sheep. A crowd of “Celtic Supporters” left a club and stoned his parents house.

     

    When he was playing I asked him to come down and make a presentation of awards to a group of children I had been working with. He flew over at his own expense and spent quite a few hours chatting to both the kids and their parents. (Having said all of that after his throw in in the Partizan game I felt like stoning his house myself).

     

    HH Dallas

  2. Bada Bing

     

     

    Lots of scientific stuff on the blog today.

     

    How can you guarantee your team will be bottom of whatever league they play in?

     

    Hire Barry Ferguson as manager.

  3. morrissey the 23rd

     

     

    18:57 on 10 December, 2014

     

    tonydonnelly67 @ 18:52

     

     

    No. You have toadily got it all wrong.

     

    ________________________________

     

    Ok I’ll stay shtum then.

  4. Nye Bevans' rebel soldier on

    Good Evening Timland.

     

     

    I see the hun has come clean about the real attendance

     

    at ibrokes on Saturday,think it’s time Celtic started to do

     

    the same…..why not tell the truth instead of leaving yourself

     

    open to ridicule.

  5. hankray –

     

     

    I was referring to the fee – based on my erroneous belief that he had only 6 months left on his contract. I meant 1.5m was good business, not moving to Cardiff.

     

     

    Now that I know he has 18 months on his current deal, I no longer think 1.5m is good business, regardless of who is buying.

  6. Hankray @ 1835

     

     

    Money and not trophies and medals is what motivates today’s modern footballer

     

    Who in the last few years is the last superstar to have left Celtic and went on to win a major trophy

  7. Morrissey the 23rd on

    embramike @ 18:53

     

     

    Res12(2013) continues to make progress.

     

     

    Someone here (??) could point to a link on CQN giving the transcript of Ian Bankier’s reply at this years AGM to give an update on the resolution.

     

     

    Brogan Rogan gives a wee update of where we are not long ago:

     

    http://www.celticquicknews.co.uk/?p=16510&cpage=4#comment-2407320

     

     

    I see no harm in you taking the invite made at the AGM to meet up with Peter Lawwell.

  8. Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma on

    Embramike

     

     

    By all means e-mail me at editor@cqnmagazine.com and I will give you as much information as I can.

     

     

    At the present time, everything to don with Res 12 is outwith the hands of the board of Celtic PLC and is with us.

     

     

    Celtic PLC cannot influence the timescale or the nature or the detail of what has to happen next as there is an agreed route forward.

     

     

    Just how we take that step is what is being worked on just now.

  9. Festive Spirit, love and Peace and all that.

     

     

    I reckon we should show our love of hunman by adopting one for Xmas. Remember, a hun is for life, not just Xmas.

     

     

    We could also have a flag day for them on Sunday!!

     

     

    These mushrooms taste funny!!!!!!!!

     

     

    KINGLuBO

  10. Bamboo

     

     

    I’m no expert but perhaps you could ask the BBC when the entity that was RFC split itself in to two separate entities? – one presumably the holding company and the other the football club

     

    In law I thought that the club was the company – after all that’s what it says on their gates!

     

    As we all know the club was liquidated as it was the company!

     

    Chico Verde then bought the assets from his … er friends at Dumb and Dumber!

     

     

    Anyway – well done for keeping tabs on the bandits!

     

     

    HH

  11. Croppybhoy19.10

     

    Also remember reading on here that Scots law didn’t recognise the distinction between club and company.

     

    Some of the legal eagles on site can clarify.

  12. tom mclaughlin

     

     

    19:07 on 10 December, 2014

     

     

    Different breed altogether that fella to the present jersey kissers and he left over 10 years ago when the purse strings weren’t so tight at Celtic Park

  13. Although last day of January is Saturday the window will not close until Monday 2nd February.

     

    Sevco might be able to hang on to their ‘stars’ for the semi on 1st February ……. what a coincidence.

  14. Charlie Miller says Coisty is not at the huns for the money. “He’s no said one thing about money, he’s there to try and get them back where they belong.”

     

     

    Brilliant. I’m so glad that Salary has so many loyal friends

  15. In BRTH,Morrissey ,TBB and Auldheid we most definitely do trust.

     

    When their erroneous statement appeared before disappearing my first post was to go hell for leather on Res12 as I feel that is our best chance of flushing them and their apologists out.

     

    I’m glad the ghuys above are on our side. Sycophantic rant over. HH

  16. Forget posting a complaint to the bbc I’ve been down that route all the way with McLean and Nevins lies about us they backed them all the way and months later closed it off. Better off writing a letter to santa. There’s no way they’re going to go against sevco. Best thing to do……avoid going to any domestic cup games starting with the semifinal. Massive two fingers up to them. Time to take the blinkers off too many tims are happy bending over for them.

  17. Anyone know what kind of wage Henrik was being paid that we were able to keep him at Celtic for so many years?

  18. Bada Bing

     

     

    You can bet your license fee on that one!

     

    nb not all in the one go mind you!

     

     

    responsiblegamblingcsc