Definitely has the away teams name now, hasn't had "Visitors" for a while
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Getting back to the lad Telfer surely when the Huns were liquidated ALL player contracts had to be re-negotiated as they were signing for a new club?? If this is the case, maybe posters with more knowledge could tell us, then Thompson is spot on saying they will only be paying 2 years compensation.
These matters are always difficult to resolve and seem to be very complicated. "All very complex" some might say.
I must admit that I have a degree of sympathy with "Sevco" on this. Ok, they were liquidated, stiffed a lot of creditors and had to be launched as a newco. But one of the conditions of the new license being granted was that they were liable for all football debts. Surely if they were liable for the debts then (in the unlikely event of it ever arising) surely they should also stand to receive any football credit?
Basically, United should have to cough up for the 6 years worth of investment that was put into training the boy regardless, because it happened. 2 years should definitely go to Sevco. Whether Sevco receive the extra 4 years or whether it goes into the pot for oldco's creditors should be the only question.
I could be a bigger problem for us in future if "bigger clubs" (s******) can poach players from smaller clubs and walk over the regulations regarding recompensing clubs for bringing through youth.
On the subject of RFC's liquidators.....
Have they squeezed every last penny out of the pot yet or are they still working on it?
I believe there were some legal cases they were following up on but wasn't sure if they'd worked their way through the cash yet.
Where my sympathy runs out with Sevco is that the SFA gave them a lifeline to sign players before the player embargo set in. Then Fat Sally continued to ignore any cost cutting of his squad even when they were playing against part time teams in Divs 1 & 2, paying high wages and staying in***** hotels pre-matches.
If Sevco had tried to cut their cloth to make savings to pay back creditors then maybe I would feel some sympathy but it is clear that the club has been run as a cash cow for all except the fans (much as I detest them).
Let them burn.
The newco bought the liquidated company and inherited its football debts as such it should also then inherit any football money due form the oldco.
I know this is not a popular point of view but a lot are blinkered cos it's them.
Newco have already said the new Ashley cash will not last long. They are paying players with no resale value, Daly, Shiels Miller, Boyd etc 4-5k per week. Gates way down so they are loosing cash hand over fist. Another fine mess.
And the rest, those figures are nowhere near correct - it is worse for them.
The same thing happened to Livingston in 2010 when they were liquidated and dumped into the third division - the controlling company died but the Livingston 5 group took over the running of the club, which remained unaffected.
From a business point of view though, Stephen Thomson is quite right to challenge the transaction between Dundee United and the new Rangers company, is he not?
Telfer's contract was transferred over to a new company and that registration has only been held for 2 years? Whether you buy into Rangers being the same club under different corporate management or not, the business that held his employment contract died and his new registration with The Rangers International is only 2 years old? :confused:
Thanks for that. :aok: I get over twice a year but December/January is the only time I get to see the cabbage home and away. I keep hoping they`ll introduce summer football in June/July so I can see some games then too.
Still, December/January are good months to be back, because they cram the games in a wee bit, but I couldn`t remember thinking back what the scoreboard said when I was there last year. I agree it would have been funny...:greengrin but they should put The Rangers anyway...It`s not inaccurate. Cheers.
Regardless of the legal detail it's a fact that singing
You were always hated
Then you were liquidated
You're not rangers anymore
winds them up big time. It'll be even sweeter if we're 3 up at half time again next time we get to taunt them.
:agree:
For me the serious question is
What does the next three months hold for them ? If what we hear/read is correct they have funding problems as well as cash flow trouble.
Once again a business living above their means ! Sounds familiar doesn't it :greengrin
I know of a maintenance firm ( 40 odd employees) in the area whose general manger won't acce[t work from them for fear of administration by May !!!!! :rolleyes:
Strictly speaking, Rangers booted themselves out the league (and existence) when they were liquidated and went out of business. The newco wasn't in any league until they were granted a place in the 4th tier, despite not having the required 3 years accounts. Apologies for nit-picking your post to make a point!
Might that not be in respect of employment rights and responsibilities of the employer to the previous contract of employment and not in respect of rights in respect of a prospective third party that is associated with there having been such a contract and not from the contract itself? TUPE is there to protect the rights of the employee being transferred from one employer to another and is not a simple step in the old employers shoes scenario.
or am I indulging in wishful thinking:greengrin
They couldn't actually force the players to take pay cuts or sign new contracts. That's actually the main thrust of the TUPE rules, to protect the rights of the employee and to maintain the conditions they had under the previous owners.
Chuckie Green got a bit confused about that, thinking the TUPE laws were there for his benefit. He was wrong.
The only pay cuts I remember were voluntary reductions agreed by the players before the previous entity went bust and the new Company took over. That was a temporary measure to get Rangers to the end of the season.
No. Rangers was a straight forward TUPE between two operating companies, the fact that one was in Administration at the time is neither here nor there. Under TUPE an individual does not have to transfer and has the right to say, "not for me, I'm leaving", which is what Allan McGregor and Steven Whittaker amongst others did. Players like Lee McCulloch and Lee Wallace agreed to TUPE and initially this would have been at their existing pre-Admin contract rates.