I’m out most of today and anticipate any number of events, so here’s a synopsis to help keep the various balls in play to mind. Apologies for the enormous number of ‘ifs’ but there are so many imponderables:
It is still possible that the Green consortium will propose a CVA. If they do, creditors will vote on it in mid-June and Rangers will be included in the SPL fixtures for next season, which will be issued before a creditors’ vote. Green will need to come up with some cash to keep the CVA alive long enough to get to the creditor’s vote, this is likely to be his most immediate problem.
If he finds the money to last until mid-June and the CVA is accepted (it won’t be) Rangers will emerge from administration and take their place in the SPL next season.
If Green cannot find a backer to pay player wages and other costs until a CVA verdict is reached, Rangers will be liquidated this week.
Pop!
Once the decision has been taken not to pursue a CVA, whoever has control of the stadium can apply to the SPL to acquire the league share previously held by Rangers for entry into the league next season.
The SPL have asked Rangers to produce information relating to the alleged double contract issue in advance of the SPL general meeting tomorrow, hereafter known as Prima Facie Day. League and member clubs will officially know if Rangers have rigged the system for over a decade, or not, or if they have refused to comply with SPL instructions.
Right now there is at least a 50% chance that Duff and Phelps will not attend the meeting on Wednesday and ask the SPL to reconvene next week to give them more time to conduct an asset sale. Before the meeting, be it tomorrow or next week, Green, the Blue Knights, or an as-yet unnamed bidder, will make the best offer for the stadium and apply to the SPL to enter a Newco.
Neil Doncaster’s proposal will be discussed, as will any other suggested way forward and a vote will be taken.
While the alleged cheating may influence how some members vote, the disciplinary and Newco vote matters will take different paths. Any disciplinary action will go through due process (you know how litigious they are).
Celtic will vote against Newco. My best source reckons we are still outnumbered and that more lobbying is needed, but in all honesty, no one really knows how the vote will go. We’ll come back to the consequences of this point.
If the SPL vote against Newco the story is likely to go quiet for a number of months. At some point in the future someone is likely to apply to the Scottish Football League for a Newco, based at Ibrox, to enter the league. Alternatively, an existing SFL club may buy or rent Ibrox, change name and move there.
If the SPL vote to allow a Newco access to the league next season, it will be subject to sanctions already imposed on Rangers, like the ban on player registrations (assuming the entire project is not killed by the club being thrown out of football as a result of the Court of Session case). It will also be subject to any sanctions imposed due to the alleged cheating for over a decade.
Rangers currently have around 40 players registered. If the company goes into liquidation all players can leave as free agents. A Newco would be able to retain any players who didn’t want to leave, however, any player able to attract a competitive offer is likely to leave. TUPE laws require the new employer (Newco) to maintain pay and conditions of any staff transferring from Rangers who choose to join Newco.
If a Judicial Panel find Rangers subverted Scottish football for over a decade, any Newco awarded Rangers SPL share would be liable for Rangers punishment. This may well be expulsion from the SFA. There is no set timescale for such hearings although the SFA have a new and faster process.
To summarise the (known) unknowns:
Charles Green doesn’t know if creditors will accept a CVA and will need to pay to find out. He doesn’t know how the SPL will vote or what punishment a Judicial Panel would impose if Rangers are found to have cheated.
The SPL still don’t know if they will have an application to consider, and if they do, who it will come from. They also don’t know how a Judicial Panel will punish Rangers or a Newco.
The SFA know nothing, apart, perhaps, from what school their staff went to.
Craig Whyte, Charles Green and his investors, the Blue Knights, Rangers management, players, staff and fans don’t know if there will be any football team playing at Ibrox again.
None of them know the most intriguing question of all, what is the next thing to arrive from left field (unknown, unknowns)? No one believes the story is at an end.
So what about Celtic?
A future within Scotland is no longer tenable, no matter what happens. Rangers are a busted flush. They are either dead, fatally wounded or completely trashed. The SPL is, to put it mildly, flawed. We have outgrown the game here socially, morally and economically. Scottish football holds nothing for us apart from straightforward access to the Champions League. The possible vote and on-going inquiries will change nothing in this respect.
Celtic will have a future but it must be beyond Scotland. It’s time to find another league and move.
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Italian prosecutors say they have recordings of Lazio’s Captain – Stefano Mauri and 3 other players arranging a payment of 600 K Euros for their part in fixing the result of a game between Lazio and Lecce.
150 K Euros each..
Paid wages most football fans can only dream about and they want more .
Sheer greed .
gorbalstam on 29 May, 2012 at 11:10 said:
This would ideal, but I don’t see us getting a ‘level playing field’ ….wait and see…..at some point, THEY will try to drag us into the poo they all created …
Think we are best to join another league, but disappointed that it has come to thi…….
Having said that, a bhunless league in Scotland might just have a chance….!!!!!!
Buddy Holly and Jerry Allison were founder members of the Lone Star#1 CSC in Lubbock, Texas.
He dedicated his cover of ‘Brown Eyed Handsome Man’ to Bertie Peacock.
http://www.bbc.co.uk/sport/0/scotland/18250570?
More comedy from the administrators
Questions dodged
‘That’ll Be the Day’ ‘ Rave On’ and ‘it Doesn’t Matter Anymore’ are three songs Buddy wrote which eerily predict the demise of the ole cash strpped scrofulous Hillbillies.
Regarding this Sky tv deal,Celtic Football Club should tell sky we aint signing a new contract with them ,then we will see what happens .panic at the SPL,SFA .
greenjedi on 29 May, 2012 at 11:16 said:
Thanks for putting me right on that :-)
Hi Paul,
“A future within Scotland is no longer tenable, no matter what happens…”
Great synopsis, spot on conclusion.
When I left Scotland in ’74, the national team with a plethora of talent had competed in their first World Cup Tournament for over a generation, every top English club that succeeded did it with a backbone of Scottish Footballers, Scottish Clubs were competitive in Europe and a formidable Glasgow Celtic had been re-writing the record books for close to a decade.
This level of achievement continued & flourished over the next 15 years (indeed up to the time DM took control of RFC).
Of course it didn’t all start round ’74 there was a Century of Scottih pioneering in this great game of Association Football, this isn’t the place for me to detail these achievements but maybe it’s the time for someone more knowledgable than I, to untaint this ignoinious end of a wondorous era, by doing just that.
I don’t need to & don’t want to go over the circumstances of how narrow minded, self serving people, associations and clubs wrecked this within two decades however I will give you an example.
On the weekend just gone the Scotland Natioanal Team’s humbling in the USofA made a blip in the Sporting news. I remember not so long ago Scotland Fans being outraged and appalled when the team succumbed to a similar defeat in Portugal with a Technocrat at the helm.
That was the time Scottish Football Fans needed to take control of their game, the supporters of only one club did.
So agreed Paul Celtic show integrity, vision and ambition sorely missingingin Scottish Football today, our future is outside the SPL.
Hail! Hail!
I would previously have agreed with those sceptical of leaving Scottish football.
Not now though. The perception of our league is bad enough- if our main competitor cease to exist there would likely have to be downsizing on our part, as acknowledged by Paul67 who said that Celtic would become a ‘smaller but more successful club’.
Shamrock Rovers are a smaller and successful club. Our potential is enormous but will never be realised if we remain in Scotland.
Whether the huns survive in some form or not, we have to get out if the oppurtunity exists.
I wonder if the Atlantic League is back on the agenda…
HH
ibleedgreenandwhite
Chick :o) Aye a St.Mirren fan!
Half time Tobola
I’ve never seen how an entirely new company can be held accountable for the past deeds of an old company in the same way that the new company cannot be held liable for the debts of the old company. I reckon you could successfully have those sanctions overturned in court.
Could Donacaster be saying that sanctions would transfer over knowing full well that there is no legal way to enforce that therfore meaning New Huns could re-enter the SPL sanction (and debt) free after a simple visit to court (the probably have a loyalty card already)?
–
My thoughts exactly. I would be very pleased to hear the justifications for Paul’s confindence in this matter.
The batsman’s Willey CSC
timbhoy2 on 29 May, 2012 at 11:20 said:
___________________________
Celtic pay Scott Brown MORE
than we get from the sky-deal ?
Hail Hail
Buddy Holly —-
Not forgetting the b side to —— True love ways —
Moondreams ——
Fades away with Buddy singing –
” Moondreams brought by Moonbeams in the sky.”
Wife’s left me a reminder about moving the lawn.
*scratches head*
greenjedi – brilliant “six degrees of separation”!!
How’s about linking Run DMC and Celtic?? I have my own answer!
Tombola
http://www.philmacgiollabhain.ie/the-key-figure/#more-2740
Short & to the point
fantastic article as always Paul
i hope that last line is a strong hint of good times to come for our future in a different league where we will be truly appreciated !!
ernie
Yes I know that and no one could blame us either.
liftedflongtimelurker says:
29/05/2012 at 10:51 am
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Paul Clark on RS this morning from celticresearch via KDS.
http://soundcloud.com/celticresearch/clarkgms/s-VeLjY
rom an RTC poster
DOHHHHHHHHHHHH
In there somewhere is the words lifted from an RTC poster
HAIL HAIL
Moving to another league is all well and good and possibly the right thing and maybe the only thing to do.
However, how will we feel watching newco Rangers or Hearts play in Europe every year while we inevitably languish mid-table somewhere for goodness knows how many years until we find our feet?
In addition, the famous away support will face hugely increased costs in attending games in England, Holland or wherever and will probably not turn up in such large numbers once it all settles down.
Maybe all this is a price worth paying to get out of this corrupt hellhole. For sure, something has to change.
Great stuff, Paul.
I’ve beeen on about it for ages, CELTIC playing out of the cess-pit that is Scotish football.
However, where do we go. Do we go for the Atlantic League big time and sell the idea to SKY or do we set our sights in England. If it’s the latter, at what level in England. Be great in the Premier League but cannot see that somehow. Even if we started in Div 2 we could be in the Premiership in a couple of years during which time we could experience the logistics and settle in. In a word, dunno!!!!
Brilliant to see KOJO back to his sparkling best, great to here from you my amigo and I hope you are 100% fit again.
Hail Hail
KINGLuBO
Just back from Celtic Park. Finally got a seat next to my mates. Incidently GoD is back on the cards. We’re drilling for oil under the car park. Back to more topical matters, having been informed that pursuing the SFA through the courts will see Scotland kicked out of the worldgame, have Duff and Duffer not withdrawn their legal action?
Good Bliss Here Majestic
Scotland Is the huns, the huns ARE Scotland!
Sad but true.
THAT is why we have to stay here and,
get it right roon them! imo.
For 125 years, we’ve fought them without fear
and we’ll fight them for 125 MORE!
Hail Hail
So .. Duff and Phelps are now owed £4M in fees. Take that out of the CVA pot and it leaves £4.5M for everyone else. And that’s without considering the rights of Close Brothers and Craig Whyte.
This whole CVA proposal is a sham to take us to liquidation.
s, Rhubarb and Custard
Half Time Tombola on 29 May, 2012 at 11:27 said:
greenjedi – brilliant “six degrees of separation”!!
How’s about linking Run DMC and Celtic?? I have my own answer!
Tombola
…………….
Well Run DMCs biggest hit was Walk this Way with Aerosmith and obviously their leadsinger is Steve Tyler whos daughter Liv once appeared in One Night at McCools (spelt wrongly, well they are americans after all), which was based on McChuills in High St, which is of course a big Celtic pub!!!!
:-)
29/05/1985.
Heysel Stadium tragedy; 39 supporters killed; 32 Italians, 4 Belgians, 2 French and one from Northern Ireland.
For whatever reason anniversaries of Heysel and the Bradford fire get less attention than the likes of Hillsborough.
Anyways, God rest and bless them all.
as much as I share Paul67’s belief that our club deserves to play in a league that realizes our full potential, sadly I can’t see it happening, I doubt the English would go for it.
perhaps a European/Atlantic league in the offing?
Leeds Utd in takeover talks !
leftclicktic
Your clip confirms straight from Duff and Phelps own mouths, that the creditors will be asked to vote on a CVA from which they haven’t a clue how much money they would receive.
It also confirms that nor do Duff and Phelps.
Constant MSM respectabilisation of going into liquidation, now points to a newco inevitability in June.
Nothing has changed.
Modren constant MSM respectabilisation of going into liquidation is rubbish.
greenjedi
Hahaha – I’ll give you it – only just!
Here’s mine:
Run DMC originated in the Hollis area of Queens in New York which has a large African American community and was home to many othe rap and hip hop artists including Brian Hardgroove who was bass player with Public Enemy (what a name for a bass player – got to be made up!).
Lead singer/MC for Public Enemy is of course Carlton Douglas Ridenhour aka Chuck D, whose politically aware rap was heavily influenced by a man who he described as being a kind of CNN for black communities, the “Godfather of Rap” – Gil Scott-Heron.
In the latter years of his life, Scott-Heron recorded a version of “The Black Arrow”, a song written about his father Gil Heron, the Jamaican centre forward who, for a short spell in the early 50’s played for Celtic, becoming the first player of African origin to wear the hoops!
I like this game!
Tombola!
Well, I have wanted us to move since about 1968; so, for me, it won’t be a moment too soon. I have felt since then, that we wouldn’t fully realise our potential unless we played in a more competitive league. I believe we would have been European Champions much more often, if we had had a chance to really build other teams like the Quality Street Kids, who, for me, had potentially even better players than the Lions, in the likes of Kenny Dalglish and the incomparable George Connelly, backed up by such as Davie Hay and Danny McGrain.
DBBIA – I don’t know why but I love those “is rubbish” comments. Even when you got me last week I was laughing (as I sulked over my keyboard)
Double trouble
SCDP CSC