http://www.philmacgiollabhain.ie/pfa...vco/#more-2944
PFA to claim 13 weeks' wages from Sevco for the players who didn't transfer
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http://www.philmacgiollabhain.ie/pfa...vco/#more-2944
PFA to claim 13 weeks' wages from Sevco for the players who didn't transfer
Sevco should have never been admitted to division 3. No license, no idea what the size of their fanbase will be, no idea what their income will be, yet still owe a lot of money and have players on wages above the level of most SPL clubs.Quote:
Originally Posted by grunt
If I was a director at someone like Spartans I'd be consulting some lawyers. Sevco are in no way ready to play football and in no way are good for Scottish football.
Doncaster, Regan, SFA, Sevco, GTF.
Quote:
Originally Posted by Northernhibee
:aok: The worst aspect for me is they want the asscociation registration of a liquidated team with huge unpaid player debts all over Europe but are going to be allowed to sign more players. The transfer ban was applied for bringing the game into disrepute, now it's being white washed to start in Jan 2013. If you want RFC's registration you take RFC's sanctions! Shameful!
Absolutely! Not FIT FOR PURPOSE springs to mind instantly! And surely, this is the set criteria for entry into the SFA/SFL/SPL? if not? Then, I concur with your bottom comment.Quote:
Originally Posted by Northernhibee
We do know the size of their fan base, all Rangers fans will follow the new club. To pretend that Sevco are not, to all intents and purposes, still Rangers doesn't make any sense. At the moment they have a massive future earning potential with virtually no debt. That's the reality. If, and I hope they don't, but if they do start the new season then they will be back to the SPL stronger than ever in a few years. A start in SFL1 would have been tougher for them given that they would have had to spend more on players to ensure promotion then faced two years of SPL expenditure with no European income. They would have struggled for years. Starting in SFL3 is their life support system. Enjoy the Hun free SPL while it lasts.Quote:
Originally Posted by Northernhibee
... but not necessarily support it financially. We'll see how their crowds hold up but their income is going to be massively reduced. They will have the debt of CG's asset purchase lumped onto them. They seem to be attempting to assemble at least partly an SPL squad now. Add the recruitment cost to bolster that when they get back up and I can't see there being any chance of them being anywhere near "virtually no debt". I'm pretty sure their ugly mugs will be back (unfortunately) and most likely a stick on for 2nd place straight away but stronger than ever? Can't see that for a good long while.Quote:
Originally Posted by marinello59
STV saying on verge of temporary membership :rolleyes:
http://sport.stv.tv/..._medium=twitter
SFA in lack of authority shock!!!!!!!!Quote:
Originally Posted by SteveHFC
Just tell them what to do to get membership or tell them to bolt FFS.
No compromise!!Quote:
The Scottish FA are on the verge of granting a temporary membership to allow Rangers to play this weekend.
STV understands the governing body will allow the club to fulfil its Ramsdens Cup game with Brechin City, if holding company Sevco Scotland Limited agrees to meet certain conditions.
These include signing off on the transfer of the old company’s member share in the Scottish Premier League to Dundee, which Duff and Phelps have retained despite being compelled to hand it over to the Dark Blues.
A source close to the discussions has told STV that the deal would allow Rangers to participate in matches until Friday, August 3. The transfer of the SPL share must be completed by this date.
An outstanding dispute between Charles Green and SPL chief executive Neil Doncaster has held up the permanent transfer of the club's Scottish FA membership to the new company.
The pair remain locked in discussions on Friday night to reach a compromise over the SPL’s investigation into alleged non-contractual payments made by Rangers last decade.
Green wants the probe to be dropped, while the league wants to be able to conclude the case and potentially strip titles from the club if found guilty.
If a settlement between Charles Green and can be reached on Friday night, full membership will instead be conditionally granted and the club will not be required to receive temporary dispensation to play.
Sevco Scotland Limited have already agreed to accept previous sanctions imposed by the Scottish FA, which will see the club banned from signing new players for one year from September 1.
They should have allowed Brechin to play against nobody on Sunday. Run up a 60 - 0 score making a world record defeat for Sevco to be part of their new history for all time. :greengrin
Also this refusal to transfer the share to Dundee. There are 16 SPL shares, 4 as yet un-issued. Dundee should be given one of those shares and then Duff and Phelps taken to court and sued for the total sum of the fees they have got from this fiasco.
Temporary membership, WTF!! This whole corrupt business is making me sick. Who else would be choobed up to like this? No one! This is how it should be, You do what we ask now or bolt. No negotiating, no compromise, just compliance.
Scottish football is a laughing stock and the clowns in charge must be emptied
The people who run our game are again being shown for what they are, either corrupt or timid bloody weasels?
Sevco, here are the conditions of your entry to the SFL, oh you dont like it, ok well Spartans, here are the conditions of your entry to the SFL.
Dont let the ****in tail wag the dog you bunch of amateurish corrupt tossers.
:top marksQuote:
Originally Posted by blackpoolhibs
so whats the score then, no membership yet, surely the SFA offices are now closed for the week. They don't stay open late normally do they, no rules should be bent to accomodate these CHEATS. Tell them to bolt.
Quote:
Originally Posted by grunt
Temp membership will be granted but they must legally sign off on terms already verbally agreed, transfer of SPl share to Dundee, transfer embargo and payment of footballing debts.Quote:
Originally Posted by bighairyfaeleith
Full membership will only be granted after agreement with SPL on acceptance of EBT investigation sanctions.
I suppose we should just be happy that the SPL/ SFA havent folded (yet) would be better if they just told sevco to ram it right enough - as they should. I cant understand how sevco can be making any demands... farce and spineless leadership.Quote:
Originally Posted by Spike Mandela
SPL articles of association.
17. Whenever a requirement to transfer a Share shall arise, if the relevant
Member shall fail to transfer its Share within seven (7) days of notice having
been given of the requirement to transfer, the Board may authorise any
Director of the Company to execute a transfer thereof and a transfer so
executed shall be valid and effective as if the same had been executed by the
Member concerned and the transferee shall on payment of the sum of £1 to
the Secretary to be held in trust for the transferor be entered in the register of
Members as the holder of such Share.
what's the problem ? sounds to me that what i heard last week might be true,perhaps Green hasn't paid his 5.5 million to D&P. hmmm: even more so can and will he cough up the cash!
This "temporary membership" fix really annoys me. Either Sevco accept the conditions of membership or they forfeit the tie and Brechin progress.
Given that they are signing SPL players on serious money it actually works better that they are in Division Three and should have three years to overpay average players before they can get back to the SPL. That is three years of running up debts rather than one.Quote:
Originally Posted by marinello59
No European football is a red herring - the size of their fanbase means that they can still outspend every SPL club except Sellick by some margin.
I said a few pages ago that the transfer of the SPL share is not in any way a problem. The SPL board can effect the transfer without the consent of Green, D&P or anyone else. It's quite astonishing that they've allowed it to become a bargaining chip in Sevco's hands.Quote:
Originally Posted by muirhousehibby
Quote:
Originally Posted by Caversham Green
Perhaps Duff and Phelps think they have a right to retain the share under some insolvency rules that would over-rule SPL Articles.
There are 4 un-issued shares in the SPL. Issue one of those to Dundee and let the Duffers sit on that share until BDO empty them.
Maybe because the SPL and SFA need to be able to give reasons for caving in - as they surely will :cbQuote:
Originally Posted by Caversham Green
Joint statement has been issued stating that the membership transfer has been conditionally approved. The EBT investigation will continue.
http://www.scottishfootballleague.co...-statement-67/
The announcement. Let the dual contract investigation continue.
Wonder why they released it when they did?:hmmm:Quote:
Originally Posted by ballengeich
Has anything been said about the progress of the EBT investigation, whilst I accept that it would be improper to reveal details of the investigation itself in order to retain a degree of confidence in game, it would be useful to know that this investigation is not simply going to be kicked into the long grass.
Chris McLaughlin @BBCchrismclaug4m
AM:I have been in a number of meetings with Stewart Regan, Rod Petrie and senior SFA figures - and despair at the lack of leadership shown.
It's become academic now, but Duff & Phelps didn't really have anything to retain. The share isn't a physical, tangible thing, in the context of the SPL it simply represents consent for the holder to be a member of the league. That consent was withdrawn by default when the old Rangers ceased to be a football club and at that point they also effectively ceased to be a shareholder. All that was needed was to identify the new member and then complete the registration paperwork at Companies House. D&P could hang on to the old share certificate, but it was just a worthless piece of paper. Because of the consent aspect the share has absolutely no commercial value.Quote:
Originally Posted by greenginger
It just seems to be yet another needless complication in this saga.
A bit like his efforts in covering this whole saga.Quote:
Originally Posted by leither#1
To be honest I think the conditions of transfer are about right...previous football debts, fines and costs are still due, transfer ban to be applied, div 3 status and an ongoing investigation into EBT plus protection against loss of commercial contracts.
I would love the Huns to be no more but in the real world I would suggest the above is about the best that could be expected...the big question now is if newco Rangers can actually afford it all.
All that plus the juicy prospect of BDO doing more damage when they finally get their feet under the desk.....
SPL said a few weeks ago that there was a prime facie case against Rangers.Quote:
Originally Posted by calmac12000
There is a meeting of the SPL board next week to discuss its progress.
the GFA(or SFA if you wish) will do exactly what the new huns tell them what to do :aok: