Rankers share issue plan falls short of £10m target

[MurrayfieldHibs]

I hope Leann left greyskull with a cheque last night. Wouldn't trust this mob with credit......

http://www.bbc.co.uk/sport/0/football/28678687

[Col2]

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I hope Leann left greyskull with a cheque last night. Wouldn't trust this mob with credit......

http://www.bbc.co.uk/sport/0/football/28678687

Squeaky bum time again for the new club.

Does anyone know how many points they will lose if/when they go into administration? Even if they get a few points ahead of us there is always the chance this could happen mid season.

[Sylar]

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Squeaky bum time again for the new club.

Does anyone know how many points they will lose if/when they go into administration? Even if they get a few points ahead of us there is always the chance this could happen mid season.

As a second offense in such a short space of time, I don't think it's a standard punishment - we've seen Dundee docked 25 points, whereas Livingston were dumped back into the third division.

Given this combined with the lack of ST renewals, their board must be worried. Wonder how long it'll be til they pawn off Murray Park?

[CropleyWasGod]

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Squeaky bum time again for the new club.

Does anyone know how many points they will lose if/when they go into administration? Even if they get a few points ahead of us there is always the chance this could happen mid season.

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As a second offense in such a short space of time, I don't think it's a standard punishment - we've seen Dundee docked 25 points, whereas Livingston were dumped back into the third division.

Given this combined with the lack of ST renewals, their board must be worried. Wonder how long it'll be til they pawn off Murray Park?

Definitely 25.

Was standardised after TRFC went into admin first time round.

[Sylar]

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Definitely 25.

Was standardised after TRFC went into admin first time round.

Cheers CWG.

I wasn't aware it had since been agreed upon though it makes sense given the merger of the SPL and SFL bodies.

[DaveF]

Nobody would miss those moron's so a step back to Div3 or oblivion is fine with me.

[MurrayfieldHibs]

Given the behaviour of their "fans" at the game yesterday would we really be sad to see them go bust

And having walked through Rosburn park on the way home I can't say I am too impressed with their green counterparts either.

[bingo70]

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Definitely 25.

Was standardised after TRFC went into admin first time round.

Would this not be classed as a first time. Was a different club that went into admin last time?

[J-C]

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Would this not be classed as a first time. Was a different club that went into admin last time?

Now there's a good point.

[Keith_M]

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Would this not be classed as a first time. Was a different club that went into admin last time?

They have two choices:

1) Stick to their current line that they are the same club and get a 25 point deduction

2) Decide they are a new club after all, thereby discarding the previous claim to over 140 years of history and to the trophies won, to get a 10 point deduction instead.


Dontcha just love it

[down-the-slope]

judging by empty seats last night they may be dwindling in their capacity to fool their fans ongoing with promises of Jam tomorrow

[s.a.m]

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Would this not be classed as a first time. Was a different club that went into admin last time?

I don't know the answer to that but, if that was the case, no liquidated club would ever be able to suffer a second insolvency event / 25 point penalty, because they would be a new entity every time which would be a bit of a fail on the part of the football authorities. A club could be a serial liquidator, and never suffer more than a first time penalty. The The The The The The The Rangers yo-yoing up and down the leagues ad infinitum.

[MurrayfieldHibs]

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I don't know the answer to that but, if that was the case, no liquidated club would ever be able to suffer a second insolvency event / 25 point penalty, because they would be a new entity every time which would be a bit of a fail on the part of the football authorities. A club could be a serial liquidator, and never suffer more than a first time penalty. The The The The The The The Rangers yo-yoing up and down the leagues ad nauseum.

There I fixed that for you

[s.a.m]

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There I fixed that for you

That works better.

[CropleyWasGod]

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Would this not be classed as a first time. Was a different club that went into admin last time?

Nope. It is seen as the same club with different owners.

The rules specifically cover such a situation, and it is seen as a second insolvency event. If it is within 5 years of the first, there is a 25 point penalty.

[Weststandwanab]

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They have two choices:

1) Stick to their current line that they are the same club and get a 25 point deduction

2) Decide they are a new club after all, thereby discarding the previous claim to over 140 years of history and to the trophies won, to get a 10 point deduction instead.


Dontcha just love it

Spot on- a quandry for the bears with half a brain

Doncha wish you had Lawell !

[Iggy Pope]

Please. Let's not start this utter gash again.

[MyJo]

Is the new rule for administration not a 15 point deduction or one third of the previous seasons points total whichever is the highest?

if that is the case then administration this season would be a 34 point deduction.

[southsider]

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Spot on- a quandry for the bears with half a brain

Doncha wish you had Lawell !

Lawell.... after tonight makes Petrie look like Paul Getty. Gers 2 going bust. Celtic humiliated against Abbeyhill FC.Dontcha just love it.

[Aldo]

I friend of mine works in stocks and shares and his company was asked to do the work on Der Hun in this up and coming share issue. The company carried out it's 'Due Dilligence' and as far as he's concerned they are totally skint and may not last the season.

[portycabbage]

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Is the new rule for administration not a 15 point deduction or one third of the previous seasons points total whichever is the highest?

if that is the case then administration this season would be a 34 point deduction.

I think that was the old new rule, as opposed to the new new rule-

http://spfl.co.uk/spfl/rules-and-articles/

(p37 of "rules" bit)

[tamig]

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Given the behaviour of their "fans" at the game yesterday would we really be sad to see them go bust

And having walked through Rosburn park on the way home I can't say I am too impressed with their green counterparts either.

Their fans could have behaved like angels last night but I'm sure a lot of us would be more than happy to see that mob disappear forever.

[BH Hibs]

When you read the article on one hand they talk about being financially stable by the end of next season then on the other hand they're talking about income from the Champions League in 3 years. How much money will they have to throw at that. They're barking mad.

[magpie1892]

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I don't know the answer to that but, if that was the case, no liquidated club would ever be able to suffer a second insolvency event / 25 point penalty, because they would be a new entity every time which would be a bit of a fail on the part of the football authorities. A club could be a serial liquidator, and never suffer more than a first time penalty. The The The The The The The Rangers yo-yoing up and down the leagues ad nauseam.

There, fixed that for you - with correct spelling and everything this time.

[magpie1892]

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When you read the article on one hand they talk about being financially stable by the end of next season then on the other hand they're talking about income from the Champions League in 3 years. How much money will they have to throw at that. They're barking mad.

Celtic are streets ahead of the new hun and they were turned over home and away by a Polish side with very little in the way of European pedigree, and so CFC are of CL qualifying before even the play-off tie.

New hun are going to get into the Champions League within three years? How does that work?

[BH Hibs]

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Celtic are streets ahead of the new hun and they were turned over home and away by a Polish side with very little in the way of European pedigree, and so CFC are of CL qualifying before even the play-off tie.

New hun are going to get into the Champions League within three years? How does that work?

That's my point they'd have to bankrupt themselves again to assemble a squad to challenge for CL qualification but they seem to be taking it as a given for potential revenue streams. No wonder their scheme failed

[Keith_M]

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Please. Let's not start this utter gash again.

This happens to be news, like it or not.

If not, feel feel to go elsewhere.

[SanFranHibs]

Out of interest and I am sure someone will know, what are the rules allowing a share float or whatever the correct term is. I suppose, what I am asking is, could Hibs issue(?) more shares to raise 3million for team building?

[Sudds_1]

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Would this not be classed as a first time. Was a different club that went into admin last time?

That's what I always believed,,,,,,,,but then there's the 5 stars above the badge.

They've not been in existence long enough to win 5 European titles....have they?

[Keith_M]

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Out of interest and I am sure someone will know, what are the rules allowing a share float or whatever the correct term is. I suppose, what I am asking is, could Hibs issue(?) more shares to raise 3million for team building?

Would anybody be prepared to buy them?