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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hankray- i think 40k a week in his last season,which was mostly covered by an end of season friendly
Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma
18:12 on
10 December, 2014
I read your statement with interest. I assume that the shareholders who proposed and backed Res 12 have been kept informed.
Bada Bing
thanks for that, I reckoned it was around the 40 or 50 grand.
Jobo Baldie
19:15 on
10 December, 2014
Roma and Schalke 04 for me tonight ;-)
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A difficult night betting wise,like to know my fate early
doors,so…..Roma v Man City 2/1. Chelsea v Sporting
12/5, Barca v PSG 2/1…….3 doubs and a treble,for a
goal first 15.
A stupid hun on SSB
“Paul McGuen…..’ no laughing at the back now…..
Hankray
Heard 48k
Here comes Laurie the frustrated journalist……..
#shitetalker
hankray –
Henke was paid top dollar by Celtic and Scottish Football standards, but he could have earned at least double down south.
He was intensely loyal to the club though because they rescued him from his hell in Rotterdam. When Feyenoord threatened to scupper his proposed move to Celtic, he threatened to walk away from football altogether.
He was forever grateful to Celtic for rescuing his career and in his case, money certainly was not the be all and end all.
You’ll never hear him criticize Celtic in the nedia.Never in a million years.
Summa 18.39
It’s a question of timescale. I expect the kind of reassurance I’m looking for to come out during the spring as a consequence of the steps BRTH refers to being taken.
I think my problem is being way ahead of the game if that does not sound condescending.
CSKA 10/1 v Bayern…..BM might want Man Citeh oot…
Big Laurie says Guidetti will score a hat trick against thems in the semi, and Celtic will win 7-1
Ohhhhhhh hahahahaha
Better get down and book my seat at the tv for the big match in the Pope’s town.
Who is Laurie?
Me@19.
Worth every single brass penny.
Sad to see so many on here still listening to SSB,
I sometimes catch 10 mins on the way home from
work,feel like getting the boot down and heading
for the nearest tree.
Me@19.30
Still worth every single brass penny.
C.Miller…… Rangers will out fight Celtic.
What, like they did versus hearts.? Nae bother Charlie boy
Why are SSB discussing Celtic v Rangers? I thought we had St Mirren this weekend.
As for Guidi, he rhymes off McCulloch, Miller etc. as if they are top players….. They weren’t even top players when they were in their mid 20’s….. Both are mid 30’s now, ….. and p@sh
Turned on ssb whilst waiting for the CL games…….absolutely incredible shoite from the hurtin Hun pundits……earlier, I had turned on sport sound….ballet hellgursin, what the……..is going on ……they’re not even TRYING to conceal their bias against everything Celtic …… and some Celtic Supporters actually want the deed club resurrected. …..Hunbelievable
nye bevans’ rebel soldier
19:34 on 10 December, 2014
A radio with only one channel, where did you buy that from mate ??? :-)
tom mclaughlin
People can post what they like same as you, you want to start a convo. Fill your boots ,ate;)
Ate_= mate
Croppybhoy
Dont think I’ll be following it up ,the whole hun situation gives me a headache. The technical details will have be argued about by a cleverer person than me.
hun skelper…….oh well done smart erse!!!!
Ps keep on skelping!!!
gearoid1998
That distinction sticks with me too.
This BBC response may well suffer the same fate as yesterday’s famous “still the same club” email from Sevco.
If complaints are processed in Shepherds Bush, then they would be applying the English/Welsh variant on this – and not the Scottish one. In which case I..
Look forward to a redrafted statement without the smart-alecness and general smugness from the BBC. Hint of bitterness about the statement too.
As it happens selling the deidco club as an asset for 5 million allowed Duff & Phelps to be paid their astronomical fee and not much else. That may be part of what the gang of four have to explain to the courts.
HH
Celtic supporter asks re panel if they agree that sally has done as much to destroy sevco as Whyte hahahahahahahahahahahahahahahahahahahahahahahahahahaha …absolute pundit consternation, wee charlie in particular ….hahahahahahaha ….priceless
People posting chemistry jokes are trying to put me to the test.tubes
nye bevans’ rebel soldier
19:42 on 10 December, 2014
:-) HH
Rhy,
No your enemy mate, that’s we listen. HH
People in here grabbing the moral high ground because they don’t listen to SSB, very playground stuff if you ask me.
Why did I miss why:)
Paul McGuen ?
Sounds like a Tim name…oh wait…
SSB sounds like the best radio comedy since Round the Horn.
Ssb is funniest
When big fat DJ is on
Dalziel is comedy too
Feck, too much medication, topped up with alcohol.
Nye,,,
I’ve noticed over the last few weeks the hundits’ appetite for the Feb 1st game has shaded somewhat, a sense of collective dread has decended upon them.
Laughing at the Charlie Miller comments on here, caught 20 mins on the way home, just when you thought Snyde could not get any lower, up pops another uneducated Coisty loyalist.
tonydonnelly67
19:46 on
10 December, 2014
People in here grabbing the moral high ground because they don’t listen to SSB, very playground stuff if you ask me.
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Whit wid you know aboot playgrounds,thought you had nae
time fur skool or wis it teachers?
Gearoid, thanks for the reply.
Anton came over as a really down to earth and unassuming guy who lived the dream of playing for us.
I’m sure he married terry cassidy’s personal assistant. Her name was clare doran and if it’s the same clare doran i fancied in the early eighties, he had great taste.