12 Apr 2012 13:25:57
For the first time the Blue Knights have gone quiet in the media.
75% of prize money withheld by SPL and the Ticketus debt still to pay back just might be too rich for BKs? Liquidation seems the only viable option, there is just too much debt, too many penalties and too many legal disputes.
It will take Rangers at least 5 years to recover from this mess, and that is assuming the fan base stays loyal, or another liquidation or administration is feasible. Rangers are in a catch 22 position, they are only a big club if 45,000 fans turn up every fortnight, and traditionally 45,000 fans don't turn up to watch a mediocre team that can't win the title or get into Europe.
Any business plan will be based on 45,000 fans and I just do not see that happening for 4-5 years.
I fear this is only the beginning of some harsh realities for Gers fans.
The BK deal is mostly Ticketus debt, the administrators have other options open to them to get rid of the Ticketus debt, they are hardly likely to see it as an advantage to other creditors. It must be liquidation, the SPL are clearing the way for this eventuality, Div 3 is not an option.
Its all over bar the shouting.
Rangers (newco) will get voted back into the SPL only 8 members are required to support this (under the proposed changes to the SPL rules) there will be no ongoin financial penalty because 11 member would need to support this - that will not happen. Following, Rangers get off with a slap in the wrist for the financial mess and the shame that they have brought on themselves and Scottish football - the 139 years of history is lost because that is nontransferable!
Lets get one thing clear, liquidation means dead, no more, an extinct parrot. There is no "this will take rangers at least 5 years to recover". There will be no more rangers. It would be like renaming a ship the titanic and claiming the iceberg just scratched the paintwork.
Wolvibhoy
If it's Liquidation then Newco, then i want out of spl and start from scratch.
I'm over the history thing now, this nonsense has dragged on too long.
Let us die in peace and come back as a newco. The memories and honours will live on in our hearts and minds.
But...SDM and Whyte must be pursued and brought to justice for this on a personal level. Murray for tax evasion,Whyte for being a wee b for what he has done. So get your finger out CPS, and Strathclyde Police, These two are the main culprits in the murder of a once proud and famous club. There are others, but get these two first, and work back from there. RTID, Unfortunately it looks like my club will die before me,and that really pisses me off.
Stevie-A-Bear
As you say, TBK have gone quiet. Perhaps it's because they have nothing to add i.e. they do not plan to liquidate and therefore this doesn't affect their position as already publicly stated.
More likely, in my opinion is that as usual, all three parties have been somewhat economical with the truth as they continue to jockey for the fans' support with soothing noises about CVAs when in reality the bids presented to D&P have liquidation (in whatever guise) on the agenda.
What I take from yesterday's statement by D&P is that at the very least the 'preferred bidder', as selected by D&P had liquidation on the agenda, hence the reversion to all three parties for confirmation that their bids still stand in light of the new info.
Of course I could be completely wrong and perhaps it is simply because all three bidders may now consider liquidation (when previously they wouldn't) on the basis that they now know what the price of a newco will be i .e. no euro footie for 3 years; two seasons of a 10pts per season docking; and only 25% of TV revenue for 3 seasons.
I've still got my fingers crossed for a CVA - and there's always the faint hope that Brian Kennedy may come in if liquidation looms.
What are you talking about? Blue Knights dont want liquidation... therefore these penalties wont happen if they take over!!
Kind of feels like we're on a life support system and people are arguing about who gets to pull the plug out and dispose of all the personal belongings. Will there even be a funeral?
To all so called Celtic Fans who continually seek to take the moral high ground - either by posting on the intermet sites or on radio phone-ins and bang on about cheating and 'sporting integrity' - I would give them a wee history lesson about their own sainted club. Cast your mind back to March 1994 when your club was saved at the eleventh hour from BANKRUPTCY (a form of insolvency) bu acertain Fergus McCann. As all Celtic fans will no doubt comment "things are not the same as we never actually entered insolvency, so there...", a point which is generally recognised.
However they've conveniently brushed a very important point under the carpet. In 1990 Lord Justice Taylor concluded his report and recommendations for football stadia for large clubs in light of the tragic events at Hillsborough. The 'Taylor Report' made it MANDATORY for all clubs (including those in the Scottish First Division as it was called at the time) to have All-Seated Stadia by 1 AUGUST 1994. Apart from teams like Rangers and Aberdeen who had already invested in all seated stadia some years previously all other clubs either invested in the upgrade of their stadia to comply with the Taylor Report by this mandatory date - except one. Celtic FC. Final planning of the current Celtic Park was only put in place in December 1994 and Celtic were afforded the right to play at Hampden for a season to facilitate the LATE construction of their stadium, which was eventually completed in 1998.
First ot all - let's now look at so-called sporting integrity. did Celtic's previous regime divert funds elsewhere when the actual HEALTH and SAFETY of supporters was deemed mandatoty by the Taylor Report?
Secondly - did the SFA and other teams in the Scottish First Division agree to assist Celtic in their plight?
The one thing I can't find however is any record of financial penalties or points deductions imposed on Celtic.
I know it's along-winded posting guys but any thoughts would be worth reading methinks.
Its not the first time that they have went for a cup of tea, its been happening
all administration!
If as stated above all the history is lost, why then is a newco being punished? The History is staying, the Club is to be moved to a newco as an Asset. That is why the sanctions are being set against the Club. Rangers will never die! TPTB are doing all they can to save the Most successful team in Scottish and World football, and so they should... Rangers and the fans did not cause this, those running the club created this problem. Rangers will continue and generate turnover with which the taxpayer will benifit from for another hundred years. BTW, does everyone think that 10 points deduction will be enough to ensure Celtic win the League or will Lawell go for 20 as a security blanket? WATP!
Liquidation will be the outcome no matter who gets control.
The CVA fantasy is just so whoever gets control can say "we tried, but....."
SPL may be paving a way for a parachute, but under SFA rules, SFA membership cannot be transferred.
I fully expect UEFA to get involved also.
People are concentrating on the BTC, forgetting about the 7 charges still to be heard next week.
Also tomorrow the 2 week grace period for submitting audited accounts to get an SFL license expires.
UEFA license has already gone.
Why should a brand new company and football team be allowed straight into the SPL?
And why should any brand new company have punishments levied on it? It hasn't done anything wrong.
A newco should start in the lowest division without penalties. Anything else is just plainly wrong.
The Football team is an SPL team which has been transfered to a Newco. The newco has done nothing wrong, however, the football team which it has aquired has. This is the price we must pay to keep the history of the club. WATP.
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