Keith Downie @STVkeithRangers administrators put off naming a preferred bidder due to SPL's proposed rule changes which include increased points deductions
You couldn't make it up.
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Keith Downie @STVkeithRangers administrators put off naming a preferred bidder due to SPL's proposed rule changes which include increased points deductions
You couldn't make it up.
http://www.rangers.co.uk/news/footba...rticle/2731298
Duff & Duffer Statement
Duff & Duffer, administrators of Rangers Football Club, issued the following statement today.
Paul Clark, joint administrator, said: "As administrators we had hoped to announce today the acceptance in principle of an offer for the purchase of Rangers Football Club, which would be followed by a period of exclusivity while due diligence is undertaken.
"Regrettably, this is not now possible as we were informed over the Easter holiday period that the SPL is proposing to consider at a general meeting on April 30, significant rule changes in relation to clubs which find themselves in an insolvency situation.
"The effect of such revised measures being considered at this juncture is that we, as administrators are duty bound to inform those parties who have submitted bids of the proposed resolutions the SPL intends to consider. Failure to do so would constitute material non-disclosure on our part, which is a serious matter.
"Inevitably, bidders are now considering this information and will have to take a view as to whether it will affect their individual bids as they now stand. The result is a delay in the sale process. We hope to receive feedback from bidders as soon as possible in order for us to take the sale process forward as quickly as we can.
"We fully respect the right of the SPL to review its own rules and regulations and will not comment on the detail of what is being proposed for the meeting on April 30 at this stage. However, the fact that such measures are being considered at such a sensitive point in the sale process at Rangers is disruptive and regrettable. We hope to issue a further update by the end of this week."
There we have it then guys, a newco Rangers will get back into the SPL otherwise why would these items be discussed now and voted on before season end.
Rangers 2012 will start next season and the one after in the SPL on -10 points and have a 75% reduction in SPL income.
UEFA will ban them from Europe for 3 years.
And if they stay in administration they get a 20 point ban. Go figure. :confused:Quote:
Originally Posted by PaulSmith
Wonder who proposed and seconded these rules? Probably the Management Board of 2 non club directors, Celtic Director and ass licker from St Johnstone?
Hope the clubs stand there ground or propose more stringent penalties.
I really pray Hibs win the cup this year and I would never, ever feel the need to follow the team again.
Duff and Duffer always find a way off not taking this issue forward. Whilst racking up massive fees. They appear to be more dodgey than CW. The huns are being taken for a ride
Quote:
Originally Posted by JeMeSouviens
If this happens and they start next season in the SPL that'll be me finished with fitba. I'll no be puting another penny in tae corruption riddled Scottish fitba organisations.Quote:
Originally Posted by PaulSmith
Not as much as we are if these proposals go through.Quote:
Originally Posted by lucky
Looks that way to me too Paul - farcical!!Quote:
Originally Posted by PaulSmith
The SPL Chairmen might just kill our game off if they do not act to prevent this .. It'll be back to the local Juniors for fitbaw for me.
I will be out as well.Quote:
Originally Posted by TQM
Hibs will receive my 2012-13 season ticket straight back.
I will never attend a SPL game again. I will boycott all sponsors of the SPL.
I just hope that the Chairmen know what they are going to unleash if they pass this one.
I read it that the points deduction would be the from 10 points to the greater of 15 points or 1/3 of their points total, which would put them at a 21 point reduction for next season assuming they picked up no further points this season.Quote:
Originally Posted by PaulSmith
Farically, they'd still be ahead of us by over 20 points. :rolleyes:
The SPL can GTF if this goes through. Rubbish.
I actually feel sick that they are going to get away with this.
I'll need to re-read but I thought it was new-co punishment as described and new penalty for administration as you mention.Quote:
Originally Posted by matty_f
If this comes to pass then, 'Rangers' continue but with zero debt. Season ticket sales will give them a £25m start on everyone else and they lose a potential £1m-£2m in spl income for a few seasons and 10 points.
I wonder if the other clubs have completed their own cost studies to ascertain if they'd be better or worse off with newco Rangers in the SPL as from where I'm sitting all I can see is them losing ST money hand over fist.
Don't forget they could also play players they didn't actually pay for such as Lee Wallace!Quote:
Originally Posted by PaulSmith
And sell players that they haven't yet paid for, like Jelavic.Quote:
Originally Posted by PatHead
We have a culture in the boardrooms of the SPL where the presence of Rangers and Celtic is more valued and of more importance than that of their own fans. Its us that keep Hibs going that the club exists for... NOT to provide a platform for those two bigoted and corrupt sides to exist!
Quote:
Originally Posted by PaulSmith
Surely their t.v. money would be more than that?
My guess is that they are waiting on the BTC to be concluded so they can add it to their CVA n pay back pennies to the £ and that what the bidders be wanting also, they wont want to buy a club then be hit with a £75million bill when they could have waited n paid back pennies.Quote:
Originally Posted by lucky
D&F comments quite intresting when they have said "Inevitably, bidders are now considering this information and will have to take a view as to whether it will affect their individual bids as they now stand" so i'm reading into that they would have preferred to liqudate the club n pay nothing but future change of league rules as make them think twice to thier bids
I think you're right - the immediate penalty would be higher than 10 points, then they'd get 10 points for the next couple of seasons, which is bollocks IMHO.Quote:
Originally Posted by PaulSmith
Quote:
Resolution 1 proposes an increase in the sporting sanction (points deduction) on any Club which suffers or is subject to an Insolvency Event from 10 points to the greater of 15 points and 1/3 of the Club’s SPL points in the preceding season.
Resolution 2A proposes further sporting sanctions in the event that any Club undergoes an Insolvency Transfer Event (i.e. transfers its share in the SPL to a new company where this occurs because of the insolvency of the transferor) of 10 points in each of two consecutive seasons from the Insolvency Transfer Event.
There are some chairmen looking for stronger sanctions, hopefully our Rod is one of them, and they should be making the case to EUFA to have the case of a newly formed football club treated in the proper manner.
Voted into the SFL and starting in Division 3.
How can anyone considerate fair that Dunfermline or Hibs, who have played by the rules, lose their place in the SPL and the cheating Huns are kept in.
Spot on!Quote:
Originally Posted by Desperate Dan
Any "standard" points deduction is bollocks.Quote:
Originally Posted by matty_f
The bigger the club, the bigger the debt, the bigger the problems, the more people affected, etc. etc. .. the less of a punishment a points deduction will actually have.
Bigger points deductions will only make a difference the smaller the team, they need to look at each case individually and assess what punishment will fit the crime.
Yip, all the bids would have probably assumed that the NewHun started again in the 3rd div - like most fair-minded people would think. Now the bidders can't believe their Efn luck that their NewHuns Fc will be straight into the SPL with 4 OF games a season :rolleyes:Quote:
Originally Posted by Brando7
I don't understand why there have not been more penaltys handed out to clubs like Gers and Yams, Gers are still playing players who they haven't paid for and Hearts are the same only they aren't paying the players. In my eyes Lee Wallace should be back at Hearts until payment is received in full. Hearts should only be able to field the players they are paying the wages too.
Spot on, would be a travesty if this was to happenQuote:
Originally Posted by greenginger
I think this point is a bit of a myth. This is akin to you using your house, but you haven't paid for it, or driving round in your car, but you haven't paid for it, just because you took out a mortgage or financed a loan.Quote:
Originally Posted by edinburghhibee
With player sales, both parties agree on a payment plan for the player, therefore there is nothing illegal in that. If they miss the payment dates, then yes, there should be sanctions, but just because they agree a payment plan, does not make it illegal to me.
:confused: They have agreed a payment plan, but have failed to pay the payments. That in my book is playing players they have not payed for.Quote:
Originally Posted by HibeesLA
If its like a mortgage, then he should be taken off the huns like a repossession, thats what happens to those who fail to pay their mortgages.
The framework of this proposal has clearly been designed to ease Rangers into their newco shell, name won't even have to change, they will still ease to second place and no doubt the 11-1 vote required for the financial penalty won't be acheived so even that will not happen.
Topping and the SPL giving out vibes they are getting tough whilst actually paving the way to ease Rangers back to health.
Scandalous. Honestly, who are they trying to kid?
Which is what I stated, that if they fail to pay the payments, then yes, sanctions need to be imposed.Quote:
Originally Posted by blackpoolhibs
However, people are citing Lee Wallace as an example, but I seem to recall that the money for Wallace is not due to Hearts until later this year. If i'm recalling that incorrectly, then I apologise. If not, then my original point stands.
Edit: Post number 486 from NY Hibbee states "Its actually £800,000. £500,000 this summer and another £300,000 next."