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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SBTB
I will make my views of FF known when I know where his future lies [hint it’ll be good if he stays, bad if he doesn’t ;)], not sure if the uncertainty is just agent talk but giving him a chance to have a good holiday before I expect him to sign!
In a nutshell , Scotland’s shame are
In court arguing for the right to spend money BUYING players
AND
Preparing to stiff creditors for millions.
And this is acceptable.. ?
Makes you sick..
HH
court of session decision on huns at 3-30 pm
“Britain’s Olympic Gold medallist…..Daley Cathlon.”
David Coleman
Cara Sulieman@carasulieman
#Rangers argued it should go back to start and be sent to SFA tribunal. SFA want them to send it back to appeal tribunal.
Retweeted by CelticResearch
Paul67 !
What an article !!
You have become Henrik Larsson !!!
:)
Charlie Green’s Hun brochure –
If you think that was bad, check out his video:
http://www.youtube.com/watch?v=cTsvLjAzozE
After his release from Aston Villa, Emile Heskey has gone on a shooting rampage in Birmingham City centre. No one was hurt.
Interesting feedback from court with some thoughts from poster on Twitter:
Prediction: Court will (a) accept that it has jurisdiction i.e. that there is no right to go to FIFA Dispute Resolution Chamber / CAS.
Prediction: Court will (b) quash the decision to impose the transfer ban & send case back to the first Judicial Panel for reconsideration.
Prediction: Judicial Panel will have to determine which, if any, of the sanctions listed as available for breach of Rule 66 should apply.
The Judicial Panel’s determination on that issue will be subject to appeal to an Appellate Tribunal under the Judicial Panel Protocol.
Available sanctions are: expulsion, suspension (for a period determined by the Panel) or exclusion from the Scottish Cup for one year.
Final decision at 1530 today
A phrase that will be consigned to the dustbin of msm history
“one side is as bad as the other”
Auld Head.
Yes.
Auld Neil Lennon Heid
That and “paranoid celtic fans”
HAIL HAIL
So I heard Alex Salmond on the radio the other day, bigging up what he refers to as “independence”. Apparently the people of Scotland will have to put up with 2 years of this stuff till a referendum in 2014.
He was supported by Take The High Road star Alan Cummings and Brian Cox from “Super Troopers”. Perhaps the guy from Dotaman couldn’t make it.
Apparently the “Yes” campaign is also supported by the Scottish Green Party, who promise to reintroduce medieval poverty to Scotland, coupled with North Korean levels of government micromanagement of people’s lives. Which will at least give Scottish people something to do apart from trying to escape to England.
Also supporting “Yes” was Colin Fox of the Scottish Socialist Party, a tireless champion of “the workers” who appears to have so far managed to avoid doing an honest day’s work in his life.
Anyway, Salmond got a big cheer from the assembled millionaire socialist luvvies, Bay City Rollers fans, yoghurt-weaving eco-loons, gimlet-eyed Communists, rent-seekers and whatnot when he declared, wattles a-trembling in righteous indignation, that nuclear weapons are “an obscenity”.
Trident isn’t an obscenity, though. Trident is made of awesome and win. It’s the atomic deterrent Harrods would sell you.
I’d be very wary of calling our nation’s last line of defence in an uncertain world an “obscenity” while bigging up Rangers FC as “the fabric of the nation”. But Salmond doesn’t “do” self-awareness.
What did we learn from this? Trident is brilliant, and anybody who says otherwise is a big fat jobby-face. (thumbsup)
Hello there, Leo here
Don’t bark back your anger said
“Craig Whyte, the Motherwell born billionaire, has always been a Leeds United fan. Pin him down for 5 minutes, no easy task for someone with his schedule! and he’ll gladly bend your ear about his childhood spent filling his scrapbook with pictures of Charlton, Best, Law and Stiles.”
If I’m right, your point is that he wasn’t that great a fan since at least one of those guys never played for Leeds. Well said.
It always annoys me when billionaires or celebrities pretend to be great soccer fans when in fact they know very little about their so-called team. At least with our Celtics, you won’t find anyone at The Park’s Head making those schoolboy errors.
Oh to see Gregor Stevens and Billy Urquhart grace the Celtics jersey again!
Hail hail hail
Big Swee
FIFA will love to hear that.
I’m predicting Scottish Football will need its stomach pumped and put on life support suffering from an overdose of EB Tablets.
“Despite his white boots, he has real pace”
Kevin Keegan
TomthelennyTim / DBBIA
Was having a leisurely stroll through the Leeds City market at Lunchtime. There I espied (on offer at the princely sum of one pound) white sun visors emblazoned with HILL BILLY, in between was the logo of a rather scrofulous billy goat. Could be the ultimate accessory for your forthcoming cricket adbenture ?
I photographed them on my iPhone, but would no know where to begin with the ole uploading shennanigans.
HH
leftclicktic on 29 May, 2012 at 13:04 said:
Don’t forward that to D&P, they employ that’s a strategy.
Leo – good to see you back! I hear your Spectacular Spinning Jukebox Tour has been a great success, how did you come up with the idea?
philvisreturns 13:24
You forgot the Wind Farms, that is were Eire, Spain, Greece, Italy and Portugal have all went wrong.
Not enough Wind Farms…
Stupid Huns in Court
” If the Court was to say that it wished to overturn the transfer ban , the SFA will have to say they don’t recognize the decision of the Court –and -if Rangers want to impose the decision upon them the SFA will have no choice but to expel them . Otherwise the game is in utter disarray and anarchy, with no one paying any attention to a decision by the Governing Body . ”
Don Chapman , Sports Lawyer -Full Contact Law .
The SFA either governs Scottish football or it doesn’t. ! Same thing applies to Uefa /FIFA
Auld Neil Lennon heid on 29 May, 2012 at 13:20 said:
A phrase that will be consigned to the dustbin of msm history
———————————————————————————
‘That would have been a stonewall penalty in Scotland!’
South Of Tunis on 29 May, 2012 at 13:29 said:
Are they trying to get Ragers expelled?
Leftclick
Did you ever hear a week on Real Radio when the dick of a presenter played Twighlight Zone sort of music and encouraged calllers to phone in and say who “the establishment” were? He was lampooning our paranoia.
Well I’d like to lampoon him now that his question has been answered.
TheGreenManalishi(WithTheTwoProngedCrown) on 29 May, 2012 at 13:27 said:
Unfortunately I can’t make the cricket. Tickets are hard to come by. The last time I watched England at Headingley was on the day of the July 7th bombings in London. I’m scared to go again in case something else happens. I know you go home for weekends usually but if you are about on 1st/2nd Aug we can arrange a few shandies wwith DBBIA and his young ‘un.
If not, I think we should arrange a few midweek as soon as the huns go “pop”.
“He opened his legs and showed his class”
David Coleman about Alberto Jauntorena.
Auld Neil Lennon heid on 29 May, 2012 at 13:20 said:
A phrase that will be consigned to the dustbin of msm history
———————————————————————————
Or the variation…
“It wasn’t really a penalty but I’ve seen them given against us.”
Green Manalishi – get in touch with ole Sandy Jardine! THis targeted marketing is just what the RFF need to keep the sun off their big fat sweaty red faces in this warm weather as they walk and march and walk and march, bringing attention to the job losses caused by the loss of Clinton’s Cards.
ASonOfDan – Aye, we’ll all be rich, I tell ya. (thumbsup)
ASonOfDan:
Portugal have their new wave-power generators.
We’re meant to be putting the same set-up off the shore at Aberdeen.
If independence happens I reckon we’d go nuclear anyway.
I read this morning that the SFA do not have to accept any court ruling as the court has no jurisdiction over them. Even if rangers in administration do push it, the SFA can just kick them out and problem solved if you are not a member you cannot tell them what to do.
Someone should tell Duff&Duffer that with no audited accounts submitted, they are at the mercy of the SFA as they can expel them at anytime.
Going to court is absolute bonkers and the clearest indication yet that someone wants rangers to die.
CraigWhyteAirdrieSupportersClub
Sftb
I’d be very surprised if that was part of their thinking.
Don’t bark…hello there, Leo here
I actually borrowed it from the artist formerly known as Freddie Garrity.
Well, if he can steal the look from Buddy Holly, I can steal his spinning top 20.
Mum was disappointed. She thought it was going to be the Wheel of Fortune with Carol Smillie.
Hail, hail, hail
If Paul 67 has got wind of possibly moving to a different league,we can’t be hamstrung by signing another 4 year Sky TV deal.
That’s one we’ll hopefully stop using rather than the MSM
A new phrase based on TBBs calculation that Rangers saved 92% of every pound spent.
“for every fiver Celtic spend, I’ll spend 40p”
Son of Gabriel – I can’t see it. The SNP and their allies have a fear and hatred of atomic power that is only rivalled by Nosferatu’s views on garlic, or Rangers on paying their debts. (thumbsup)
Patrick27
Cheers
Artur on the fags and beer again…