When Duff and Phelps put their initial deadline in place for bidders for Rangers back in March, Celtic Quick News took the view that Craig Whyte was the only show in town and that any successful bid for the company’s assets would have to come from him or his proxy.
We didn’t know who his proxy would be then and we are still not sure – although we could have a pretty good guess.
Place the current SPL and SFA dramas aside for a moment. If a deal is done to allow a Rangers-Newco to apply to play football next season the new ‘owner’ will be a Craig Whyte appointment.
If this unfolds in the days to come, I fully expect the SFA will take a very long time to consider any Fit and Proper questions, and I expect the SPL board will vote 4-1 to allocate a share in the league to the Newco.
Celtic, united with their own fans, and fans of the Gang of 10 clubs stand in one corner. The boards of the Gang of 10 want Rangers-Newco money too much to object. Don’t even count on Newco being subject to the penalties discussed at yesterday’s meeting.
A CQN’er is raising funds for the Wellburn Care Home in Dundee. Run by the Little Sisters of the Poor, Welburn offers incredible residential support for those in need in the Dundee area. It is only a viable concern through the dedication of the sisters and volunteers and fundraising initiatives such as sales of work, coffee mornings etc.
You can support their work by bidding for a Celtic top signed by the first team squad at this eBay auction. Your help is greatly appreciated.
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I do not claim to know what is happening with all this liquidation administration incubators newcos oldcos.I just know that if there is a way for the authorities in scottish football to make it easy for zombie fc they will find one.This is being going on for years and they have not tried to hide it.I really think uefa have to step in and get it sorted out.
Asonofdan,
And when the inevitable call from the manager and board to come to away games to support your club, comes, will you heed that call ?
Remember the last time we threatened bhoycott they soon jumped in and scuppered that idea.
My dear,dear,dear,friend.. StarryPlough
See.. Whit a Manager..
Neil, is Determined tae Keep the Pot Aboilin’ and no rest
oan His Laurels..
Guid fur Him!
An am soiten that we wull Bring in a Really Guid Striker..
And if we dae. Cut loose.. Six Players .. surely,we will Get a sizeable Financial Return.. which wull Enable us tae
Spend a Few Boab…
Ah canny wait, until.. Next season!!!
Fur,come Heaven or High Watter…
Nae Maitter..whit.. Hail. Sleet of Snow…
Nuttin’ beats.. Watching the Celtic.. in the Comfort of Ma Hame.
Here, in Las Vegas…!
Ah fur wan.. Wull Never Gie Up.. That Privilege..
You Guys kin Protest and Moan.. and dae whit ye think is best..
Guid Luck tae Ye.
Kojo
Yer pal.. who likes ye aloater.
Still, Laughin
Awe Naw
Paul67 has been doing that.
I would also like to hear the board state their position publicly,but the timing must be correct.
Ernie has been given a wonderful opportunity.He should take it IMHO.
TT
I would NEVER give up my support for Celtic F.C. But having to endure a gross injustice would be a very bitter pill to swallow.
There have been many ups and downs for us over the decades,but having to tolerate the idea of the manky orange ordure preening themselves in their presumptious arrogance,wrapped in the safety net of their orchestrated corruption is enough to induce apoplexy.
No,I also don’t care who we PLAY… I just don’t need to see them strutting with their Hitlerian egos intact and parading their sense of supremacy.
Do you?
Hey all,
Hopefully someone can shed some light on something for me.
I know that a Barca have their own TV deal, and I believe Real Madrid do also. Is it possible for Celtic to refuse to agree to the SPL’s TV terms and enter talks with Sky or ESPN directly?
BSR-Agent Craig
They have from day one been our problem.
As it seems a new hun co will be around, we will just have to deal with that.
But we as a club must take on the battle to get a level playing field on the pitch.
Push for independant referees, demand transparancy, make them accountable for their decisions, demote them, rather than reward them for giving decisions that favour the hun.
Make them accountable for their actions, not much to ask is it ?????
What was owl totty heed lossing it for any??
Alex Thomson
http://blogs.channel4.com/alex-thomsons-view/
NL
Six players to go in the summer….
Mmmm…
Tinytim
Not convinced.
Sounds like an attempt to stifle Ernies opinion.
Think the board can do much more but accept they cannot do anything until something concrete happens.
Once that happens I expect our plc to come out with all guns blazing.
If they dont then it is the end of the road for a lot of us.
HH
starry plough on 1 May, 2012 at 15:31 said:
”Celtic Football Club @celticfc Reply Retweet Favorite · Open
Neil Lennon: ‘We hope to bring in 3 or 4 quality players. Some players will be leaving, about six, & they have been told.’ (PC)”
Is twitter really the place for that sort of info?
And I hope if players are leaving I hope they have been told so in an appropriate manner.
That hasn’t always been the case in the past.
My dear,dear,dear,friend..Allyhuntersgloves
Pal. Ah kin Understaun , yer Dilemma…
Howevahhhh..
Ah believe that it all comes doon tae. this..
“Dis Yer ENJOYMENT …. ye Obtain, by watching yer beloved Team.. play fitba’.. The Celtic wey..
Trump. Yer . ANGER and FRUSTRATION … o’ seeing the G.A.
get away wi’ thur Illegality and Cheatin’?”
Ye must, decide…
Fur Yersel.. oan this .
It is entirely up tae You.
Kojo
yer pal… who likes ye aloater.
Still, Laughin’
I cancelled ESPN 2 months ago. Sick of having to pay to listen to Burley and co and mentioned this when asked why I had chosen to cancel the subscription, I am sure that the girl didn’t have a clue what I was talking about. I have found that there are cheaper alternatives available to watch Celtic live for those whose work commitments and distance to CP curtail their ability to travel to games on a regular basis. A soft drink or two with like minded friends in a local hostelry, resort to the on line search for a good but dodgy foreign stream. Or 3 If all else fails it’s Channel 67 for a full replay at midnight – and yes I subscribe to CH67.
& they have been told.’ (PC)”
I guess they’ve already been told Ernie…
Ernie.
It’s on the fishul club account..
Ernie lynch
Ernie it says that Neil has told the players that’s leaving
Right, time to get back to my holiday
Quick question about the CVA, not that they have any chance of securing one…
From having a quick peek at hun forums over the last few weeks, there have been a number of instances of ‘wealthy’ Rangers supporters paying off some of the small creditors, believing they were doing well by their club and improving the image of their support(as if). Whether we believe these reports is another question.
Would they, though, by paying off some of the smaller creditors, greatly reducing their chances of agreeing a CVA? If its only the larger creditors left 75% of them aren’t going to agree to a pennies in the pound deal.
Or do the larger creditors carry more ‘weight’ when the vote on agreeing a CVA is taken?
HH
Some players will be leaving, about six, & they have been told.’ (PC)”
Izzy, Kayal, Vic, Joe L, Chico M and Sammy.
I knew it…sack the board!!
Neil canamalar Lennon hunskelper extrordinaire on 1 May, 2012 at 15:52 said:
Sink one for me…
ernie lynch on 1 May, 2012 at 15:45 said:
I did wonder that at first but I think the (PC) indicates it’s from Press Conference.
I think this is good PR actually. The club tweeting quotes directly from the PC so we don’t need to rely on doctored ones from the media.
Rangers Tax-Case @rangerstaxcase Reply Retweet Favorite · Open
Newco without liquidation is a theoretical possibility (Miller’s incubator)- but it is not going to happen.
Rangers Tax-Case @rangerstaxcase Reply Retweet Favorite · Open
Possible to move some assets into a newco and try CVA with oldco. In RFC case, oldco would have no assets to do a CVA. So it’s a stupid idea
RTC back up and running…
Rangers Tax-Case @rangerstaxcase
Newco without liquidation is a theoretical possibility (Miller’s incubator)- but it is not going to happen.
**********************
That’s more like it!
ernie lynch on 1 May, 2012 at 15:45 said:
starry plough on 1 May, 2012 at 15:31 said:
”Celtic Football Club @celticfc Reply Retweet Favorite · Open
Neil Lennon: ‘We hope to bring in 3 or 4 quality players. Some players will be leaving, about six, & they have been told.’ (PC)”
=====
Neil says that It has been discussed and DD suppo& PL have agreed that
The 6 leaving are as follows
1.Hoops
2. FF
3. Big Vic
4. Oor Sammi
5. Izzy
6 .Kyal
PL confirms that replacements have been identified and all fans can rest assured that money will be reinvested in the team. He is quoted “We have indentifed a number of potential players from India, Central Asia and the English conference league” Neil is fully onboard with our vision for the future.
:-) ;–)
ToungeincheekCSC
ernie lynch on 1 May, 2012 at 15:45 said:
Twitter gives Neil a medium to talk to the fans directly and bypasses the MSM. It has flaws and he has to be careful what he says, but in general I like the direct contact.
OOFT!!
Rangers Tax-Case @rangerstaxcase
If RFC lose BTC- there is as much chance of a CVA with whole company together than with assets in a newco i.e. none
weeminger on 1 May, 2012 at 15:56 said:
That’s fair enough.
I know that in the recent past players were left to deduce that their services were no longer required from their names being absent from a list pinned to a noticeboard.
If it was up to me the six I would have booked on the Deadwood Stage are:
Wilson
Loovens
Mastronovic
Stokes
Mccourt
Cha.
ernie lynch on 1 May, 2012 at 16:00 said:
Which is a shocking way to treat anybody. So on that point I absolutely agree with you, and I’d like to think the NL is an honest enough man to do things the right way.
I would hope that we are told who the six are before the end of the season to give the support a chance to show thier appreciation assuming they have been involved over the course of the season. Having said that we have four probable leavers in Niall McGinn, Darren O’Dea, Morten Rasmussen and Josh Thompson excluding current squad members. That would still leave us with excess numbers unless NFL is looking to build an A & B team to cope with potential three games a week hopefully to December.
Glenda Dan Cha Ki Paddy Mark Thats my six
Alex Thomson’s latest blog
As night follows day, whenever the Scottish Premier League (SPL) boss Neil Doncaster opens his mouth, the storm of controversy will follow. So it is that overnight and into today, there’s been a storm after Mr Doncaster took his mouth along to the BBC yesterday – and opened it. Cue another firestorm of internet and non-internet comment, bampottery and unbampottery alike.
His thesis is pretty straightforward without getting into the niceties of company insolvency law. He cited two English clubs who made it back into the land of the living via a CVA. However these two clubs, Crystal Palace and Plymouth Argyle, had two key things that Rangers, at present, do not.
The CVA lifeline
First they had a workable vehicle – known as a CVA (Company Voluntary Agreement) – in place, which Rangers do not. This is simply a legally binding agreement with creditors as a means of moving the company forward this side of liquidation. Second, they had more than 75 per cent of creditors’ agreeing to the CVA.
That meant for Palace and for Argyle the agreement was there and that was all the football authorities needed to go forward. So Rangers are going to need that 75 per cent agreement from creditors to have any hope of getting a CVA going.
So Mr Doncaster is right – there is precedent and there is a way of doing things which satisfies creditors. It has happened and it has worked for the good of football and for creditors. The catch it that those two things – CVA and agreement of creditors have to be in place.
Terms and conditions apply
So what is the SPL really saying here? Sources there indicate the following scenario. Bill Miller or Blue Knights come in and buy the club. Suddenly there are at least a few million to satisfy 75 per cent of creditors and the CVA becomes something that can be agreed. Or even the beginnings of a process to a NEWCO. The word within the SPL seems to be there’s a good chance of getting the 75 per cent needed to move forward.
Of course there are one or two slight difficulties here, like it might not happen with the taxman being the biggest of creditors and with the Big Tax Case hanging over everything like the proverbial Sword of …etc.
One thing is clearly emerging though and that is Bill Miller – one of the two Rangers bidders – will get absolutely nowhere with his demands that the SPL drops further rule changes with possibly increased points penalties on clubs that go bust and drop its investigation into whether or not Rangers registered players properly with the SPL.
So will Bill still want in? It seems so, since this point will by now have been made to him clearly by the SPL, in words that leave no room for trans-Atlantic misinterpretation.
Then there is UEFA. Oh yes – them. They need three years’ trading figures from a NEWCO – a new company following liquidation – which was well known but here’s the key thing: they are considering the same for a CVA. In effect this means a three year ban from European football because no CVA could provide such figures until three years trading have elapsed. Nor could any NEWCO for equally obvious reasons.
Could Rangers stay in the SPL?
So the SPL case runs thus when it actually gets round to the matter of football: yes – Rangers could feasibly stay in the SPL, but they will have had the 10 point deduction already, and if they are still in administration come August they face another 10 point deduction next season (a stronger sanction than in England).
They may well also face a year-long ban on buying any player over the age of 17, and it looks like UEFA will want three years of accounts which means a ban from Europe. They could also face increased points penalties to be voted on next week by the SPL and having much of their silverware cancelled as a result of the SPL investigation into player registration.
You have to say, if Rangers remain in the SPL it is difficult to see it happening without a fair gamut of sanctions and punishment. But there are many ifs and buts here at this stage.
The wider world watches
Then there’s the problem of possibly owing the taxman up to £75m. Nobody, frankly, has many answers to that, given the £75m ain’t there. Should Rangers go down on the tax case, the public demand for punishment (for not being able to walk away as it were) will come into play in a way we have not yet seen I suspect. We are post-banking, post-sub-prime, post-RBS here and the wider world watches from the Treasury to UEFA.
Things are not as before. Expect big politics and heavy lobbying to come into play at that stage.
So in factual terms that is where we are at. Some of the above sanctions are under appeal, in negotiation or simply in complete abject secrecy (like the player registration probe).
But the key here is to watch UEFA – if they are serious about making no distinction between a CVA and a NEWCO then a three-year ban on European competition looks a certainty and no amount of dealing or horse-trading around Glasgow will be able to affect that.
Let’s see if Bill Miller will attempt to put his pistol to UEFA’s head in the way he has just tried to do with the SPL – ‘drop your sanctions and I will buy your club!’ Sorry Bill, it won’t wash these days in Glasgow. I somehow can’t see M Platini over there in Switzerland getting out the cognac and sitting down to hear your plan, either.
Dontbrattbakkinanger on 1 May, 2012 at 16:02 said:
If it was up to me the six I would have booked on the Deadwood Stage are:
Wilson
Wilson
Cha
Juarez
Brozek
Bangura
oglach on 1 May, 2012 at 15:48 said:
I cancelled ESPN 2 months ago. Sick of having to pay to listen to Burley and co and mentioned this when asked why I had chosen to cancel the subscription, I am sure that the girl didn’t have a clue what I was talking about. I have found that there are cheaper alternatives available to watch Celtic live for those whose work commitments and distance to CP curtail their ability to travel to games on a regular basis. A soft drink or two with like minded friends in a local hostelry, resort to the on line search for a good but dodgy foreign stream. Or 3 If all else fails it’s Channel 67 for a full replay at midnight – and yes I subscribe to CH67.
==========================
Sounds like a plan…..
I don’t pretend to know the ins and outs of this ongoing saga,but I would like to put in my tuppence worth.
If the newco are allowed back in to the league,we should consider the following.
1,Bhoycott all away games.
2,Play friendlys at home Fridays nights,Saturdays,Sundays.depending when first team games are played.We have a big enough pool of players for this to happen.
3,Percentage of gate given to charities.
4,When Celtic are playing European ties,we should have a black hoop on the middle of our jersey,to highlight our protest of playing in a corrupt league,one that EUFA does nothing about.
5,Celtic hands are tied at present,at this time we should be willing to give Celtic more,not less.Make Celtic stronger not weaker
This is only my opinion,I know some will disagree,but we must be positive in this situation,I don’t think for a minute Celtic are not doing nothing behind the scenes.I think we have a a good ambassador in Brian Quinn.Slan
Loovens, Odea, Cha and Majstorovic all out of contract, McCourt wants to go and get some gametime. Mark Wilson? Can’t remember if he is also out of contract. Easy to find at least six that can go without harming the first team.
Pity about Paddy but he needs to play at his age and bit part is not enough for him at this stage of his career.
RobinBhoy
ernie lynch on 1 May, 2012 at 15:45 said:
starry plough on 1 May, 2012 at 15:31 said:
”Celtic Football Club @celticfc Reply Retweet Favorite · Open
Neil Lennon: ‘We hope to bring in 3 or 4 quality players. Some players will be leaving, about six, & they have been told.’ (PC)”
Is twitter really the place for that sort of info?
And I hope if players are leaving I hope they have been told so in an appropriate manner.
That hasn’t always been the case in the past.
…………….
They all got a text this morning…….
;););););););););)