Generic Sevco / Rangers meltdown thread

[VickMackie]

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Sure I heard Grant Stott saying on the radio that SPL are going to give any prize money due to Rangers for finishing second to Hearts to help offset the lost fees for Wallace. Surely this is not correct and Hearts shouldn't get any preference over other creditors? (Could anyone with knowledge or CC or CWG confirm?)

Good decision IMO, if true, theyre takin and using a player they've not paid for. Some should go to Vienna but I'm sure it's only SPL member clubs that will get it.

[CropleyWasGod]

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According to STV, 17 -2 against 1st Div. so far. http://sport.stv.tv/football/108222-...-on-the-issue/

1 Abstention (Airdrie) and 1 inelgible (Dundee). Assuming all vote as intended, and I cant see any reason why they wouldnt, it's Newco in 3rd unless Regan overrules...

Surely not though eh?

Regan has no power to over-rule.

However, I'm not going to rely on STV's reporting. I think they have been pretty poor throughout all this, and have showed an ignorance of the important issues that shames a national broadcaster.

Although many clubs did declare their stance last week, that was before the latest attempt at buying them off. I suspect the final count will be much closer.

[CropleyWasGod]

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Good decision IMO, if true, theyre takin and using a player they've not paid for. Some should go to Vienna but I'm sure it's only SPL member clubs that will get it.

Absolutely disagree. Why should a football club get cash ahead of the taxpayer, or the wee corner shop?

[PatHead]

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My gut feeling is that this is an unfair preference, and one that the Liquidator (when appointed) may well challenge.

However, there is precedence from earlier on when the SFA or someone sorted out Dunfermline/Dundee United with cash owed to them by RFC. At the time I also thought that was an unfair preference, but, since no other creditor seemed to pick up on it, concluded that I had got it wrong.

Sorry didn't realise my grammar was as bad in original post until I read it back"(Could anyone with knowledge or CC or CWG confirm?)" which hinted that you and CC didn't have knowledge. Bit embarrassed reading it now. (red sheepish face smiley if there was one)

[LeighLoyal]

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Good decision IMO, if true, theyre takin and using a player they've not paid for. Some should go to Vienna but I'm sure it's only SPL member clubs that will get it.

What about all the SPL prize money they ripped off from law abiding clubs for the duration of their financial doping? I include the millions they got out of the Champions league ahead of Celtic when they were fielding ineligible players. If Sevco and their bigoted legions are going to claim that history (newco = oldco) then they should be sued for every penny.

[CropleyWasGod]

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Sorry didn't realise my grammar was as bad in original post until I read it back"(Could anyone with knowledge or CC or CWG confirm?)" which hinted that you and CC didn't have knowledge. Bit embarrassed reading it now. (red sheepish face smiley if there was one)

No need to apologise. You were right in what you implied

[jgl07]

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Absolutely disagree. Why should a football club get cash ahead of the taxpayer, or the wee corner shop?

I would guess that the approach would be illegal and and the liquidator could demand the cash.

Over to BDO.

[PatHead]

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Absolutely disagree. Why should a football club get cash ahead of the taxpayer, or the wee corner shop?

or Rapid Vienna as that makes SPL appear to look after themselves at the expense of others. They would never do that now would they?

[lapsedhibee]

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(red sheepish face smiley if there was one)

Admin pricks should put in the [More] smileys bit.

[Seveno]

An outstanding read from Rangerstaxcase today :The Last Drink In The Last Chance Saloon

12/07/2012 237 Comments

It is roughly seventeen months since this project started. Despite all of the revelations from this blog, and from other ‘new media’ outlets, little has changed in the world of Scottish football. This might seem a strange claim given that the largest football club in the country has become insolvent and now sits on corporate death-row awaiting its execution. However, the major institutions that feed on the blood of Scottish football fans: the SFA; the SPL; and the newspapers- appear to have learned little from events in this time.
They still believe that the people who pay their wages are imbeciles. They still dish out fatuous lies and peddle disinformation as if Sir David Murray was still in his heyday. The hysterical exaggerations and tales of impending financial doom should be transparent to the businessmen who fill most of the Chairman roles at Scottish football clubs. Anyone with even a few minutes of business experience will see through the lies of the Scottish football establishment. These scare stories are not the issue. It is the dangling of long requested changes in the structure of the Scottish game that will present clubs from both the Scottish Premier League and the Scottish Football League with a dilemma.
From their public statements, it is clear that the driving forces behind this attempt at league-rigging are SFA Chief Executive Stewart Regan and SPL Chief Executive Neil Doncaster. Despite being paid to promote the Scottish game, they have spent recent weeks trying to convince advertisers and TV companies that their product is worthless without someone representing Rangers’ legacy playing in the SFL1 next season. It is as if Sevco Ltd was a panacea and that this new club will be guaranteed promotion to the SPL within a single season.
Let us be in no doubt. Scottish football faces a period of turmoil and some financial belt-tightening regardless of what happens in any of the upcoming votes. (If Servco Ltd are forced to start in SFL3, the nattering nabobs of the mainstream Scottish sports press will doubtless blame every player transfer and setback on ‘internet bampots’ and shortsighted fans of so-called ‘diddy teams’). The Scottish game became unsustainable and unhealthily unbalanced towards just two clubs. In an era when it is easy to watch the best football from every country all week long, we need to extract the cancers that have been devouring our game for over twenty years rather than battling to preserve them. Among the assorted symptoms of the illness facing our game are:

• Scottish football has failed to develop a single stand-out talent since the early 1980s
• Scottish football has been spending more than it takes in for far too long
• Scottish football has fallen far behind global standards in the quality of entertainment it offers

Scottish football had become dull and uninteresting for all but the fans of the two clubs that could entertain thoughts of ever winning the league.
There is a now a golden opportunity for creative minds to remake the game. Instead, we have intellectual pygmies telling us that everything in Scottish football is fantastic and must be saved at all costs. What is worth saving? Declining attendances? A terrible set of TV contracts that do not realise the full value of the Scottish game? A national team that cannot qualify for any international competitions? We have a game that is viewed with universal contempt for both its lack of technical quality and the lopsidedness of its top division. This is where our game finds itself almost three decades after the “Souness Revolution” started at Rangers. The false economies started by David Holmes, and placed on steroids by David Murray, eventually devastated all around it. Rangers embodied the ideas that financial might made right and reckless spending was the key to success. Their demise should be a cautionary tale to others to get their house in order. Instead, the Scottish football establishment wants to send the signal that if you are going to fail, make sure you do it on a spectacular scale: we will make everyone else carry you if it goes wrong.
Mr. Doncaster trained as a lawyer and has an MBA. If Scottish football was a case study at a business school, anyone submitting a paper that recommended crushing the last remnants of fairness in the game to prop up a failed old-order would not get a passing mark. Doncaster in particular is failing. (Funny that Messers Doncaster & Regan find it so easy to predict the effects of Sevco Ltd playing in SFL3, but could not use these same skills to anticipate Rangers’ implosion. Even when the aforementioned ‘internet bampots’ had warned years earlier of a crisis brewing at Ibrox, the men with the crystal ball today were unable to see something that was so obvious). When the dust settles on this disaster one way or another, one can only hope that Doncaster and Regan have absented themselves. It is clear that they lack the imaginations required to improve our game. Our hopes for restoring the thrill of Scottish football now rests on the men who run the clubs in the SPL and the SFL. We must hope that they have the backbone to stand-up to being bullied and the foresight to realise that all that is being dangled by Regan & Doncaster can be obtained anyway- without sacrificing the game and without the hired hands for whom this all appears to be just a job.
If fairness fails and Sevco Ltd is able to field a team in the SFL1 next season, it is for each fan to make an individual decision on whether it is worth returning to watch a game played with loaded dice. For those who do decide to go back (I am still undecided), something will still be missing in the game. An unfillable void will have opened. The men who will vote on this decision have to realise that they are not just voting on short-term revenues. They are going to irreparably alter the Scottish game whatever happens. Money will ebb and flow in football in proportion to the excitement and quality of the competition. If fans believe that there is no competition because a winner is preordained, money will leave and it will stay gone.

[Part/Time Supporter]

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An outstanding read from Rangerstaxcase today:Among the assorted symptoms of the illness facing our game are:

• Scottish football has failed to develop a single stand-out talent since the early 1980s
• Scottish football has been spending more than it takes in for far too long
• Scottish football has fallen far behind global standards in the quality of entertainment it offers

Scottish football had become dull and uninteresting for all but the fans of the two clubs that could entertain thoughts of ever winning the league.

Those are the issues Doncaster, Regan et al should be concerned about, rather than behaving like Chicken Little because Rangers are bankrupt. And those issues would still be there whether the TV deal was worth £8 billion or 8p.

[Del Boy]

What time is the vote tomorrow?

[Caversham Green]

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Sure I heard Grant Stott saying on the radio that SPL are going to give any prize money due to Rangers for finishing second to Hearts to help offset the lost fees for Wallace. Surely this is not correct and Hearts shouldn't get any preference over other creditors? (Could anyone with knowledge or CC or CWG confirm?)

The Hootsmon reckons so as well - http://www.scotsman.com/sport/footba...oney-1-2406425

My take on it many moons ago was that the SPL is a sort of co-operative and the money it brings in belongs to everyone and no-one until such time as it is distributed, so it can distribute it as it sees fit within its own rules. That's only a suggestion though, as you imply and CWG has confirmed, I'm not anyone with knowledge.

Mind you, I'm not CC either.

[SteveHFC]

STV reporting Brechin will vote yes to Rangers in SFL 1 tomorrow.

[Jim44]

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An outstanding read from Rangerstaxcase today :The Last Drink In The Last Chance Saloon

12/07/2012 237 Comments

It is roughly seventeen months since this project started. Despite all of the revelations from this blog, and from other ‘new media’ outlets, little has changed in the world of Scottish football. This might seem a strange claim given that the largest football club in the country has become insolvent and now sits on corporate death-row awaiting its execution. However, the major institutions that feed on the blood of Scottish football fans: the SFA; the SPL; and the newspapers- appear to have learned little from events in this time.
They still believe that the people who pay their wages are imbeciles. They still dish out fatuous lies and peddle disinformation as if Sir David Murray was still in his heyday. The hysterical exaggerations and tales of impending financial doom should be transparent to the businessmen who fill most of the Chairman roles at Scottish football clubs. Anyone with even a few minutes of business experience will see through the lies of the Scottish football establishment. These scare stories are not the issue. It is the dangling of long requested changes in the structure of the Scottish game that will present clubs from both the Scottish Premier League and the Scottish Football League with a dilemma.
From their public statements, it is clear that the driving forces behind this attempt at league-rigging are SFA Chief Executive Stewart Regan and SPL Chief Executive Neil Doncaster. Despite being paid to promote the Scottish game, they have spent recent weeks trying to convince advertisers and TV companies that their product is worthless without someone representing Rangers’ legacy playing in the SFL1 next season. It is as if Sevco Ltd was a panacea and that this new club will be guaranteed promotion to the SPL within a single season.
Let us be in no doubt. Scottish football faces a period of turmoil and some financial belt-tightening regardless of what happens in any of the upcoming votes. (If Servco Ltd are forced to start in SFL3, the nattering nabobs of the mainstream Scottish sports press will doubtless blame every player transfer and setback on ‘internet bampots’ and shortsighted fans of so-called ‘diddy teams’). The Scottish game became unsustainable and unhealthily unbalanced towards just two clubs. In an era when it is easy to watch the best football from every country all week long, we need to extract the cancers that have been devouring our game for over twenty years rather than battling to preserve them. Among the assorted symptoms of the illness facing our game are:

• Scottish football has failed to develop a single stand-out talent since the early 1980s
• Scottish football has been spending more than it takes in for far too long
• Scottish football has fallen far behind global standards in the quality of entertainment it offers

Scottish football had become dull and uninteresting for all but the fans of the two clubs that could entertain thoughts of ever winning the league.
There is a now a golden opportunity for creative minds to remake the game. Instead, we have intellectual pygmies telling us that everything in Scottish football is fantastic and must be saved at all costs. What is worth saving? Declining attendances? A terrible set of TV contracts that do not realise the full value of the Scottish game? A national team that cannot qualify for any international competitions? We have a game that is viewed with universal contempt for both its lack of technical quality and the lopsidedness of its top division. This is where our game finds itself almost three decades after the “Souness Revolution” started at Rangers. The false economies started by David Holmes, and placed on steroids by David Murray, eventually devastated all around it. Rangers embodied the ideas that financial might made right and reckless spending was the key to success. Their demise should be a cautionary tale to others to get their house in order. Instead, the Scottish football establishment wants to send the signal that if you are going to fail, make sure you do it on a spectacular scale: we will make everyone else carry you if it goes wrong.
Mr. Doncaster trained as a lawyer and has an MBA. If Scottish football was a case study at a business school, anyone submitting a paper that recommended crushing the last remnants of fairness in the game to prop up a failed old-order would not get a passing mark. Doncaster in particular is failing. (Funny that Messers Doncaster & Regan find it so easy to predict the effects of Sevco Ltd playing in SFL3, but could not use these same skills to anticipate Rangers’ implosion. Even when the aforementioned ‘internet bampots’ had warned years earlier of a crisis brewing at Ibrox, the men with the crystal ball today were unable to see something that was so obvious). When the dust settles on this disaster one way or another, one can only hope that Doncaster and Regan have absented themselves. It is clear that they lack the imaginations required to improve our game. Our hopes for restoring the thrill of Scottish football now rests on the men who run the clubs in the SPL and the SFL. We must hope that they have the backbone to stand-up to being bullied and the foresight to realise that all that is being dangled by Regan & Doncaster can be obtained anyway- without sacrificing the game and without the hired hands for whom this all appears to be just a job.
If fairness fails and Sevco Ltd is able to field a team in the SFL1 next season, it is for each fan to make an individual decision on whether it is worth returning to watch a game played with loaded dice. For those who do decide to go back (I am still undecided), something will still be missing in the game. An unfillable void will have opened. The men who will vote on this decision have to realise that they are not just voting on short-term revenues. They are going to irreparably alter the Scottish game whatever happens. Money will ebb and flow in football in proportion to the excitement and quality of the competition. If fans believe that there is no competition because a winner is preordained, money will leave and it will stay gone.

"If you look after the sport the money will follow you, if you look after the money you'll kill the sport.''

My favourite quote from this whole mess.

[Caversham Green]

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STV reporting Brechin will vote yes to Rangers in SFL 1 tomorrow.

If Dundee are promoted to the SPL it seems Brechin's first fixture of the season will be a Challenge Cup tie at home to Sevco. I wonder if that changes depending on what league Sevco find themselves in.

[hibs0666]

Clyde get wired in about it again...

The Board of Clyde Football Club has received the papers in advance of tomorrows SFL meeting and will consider the Heads of Terms supplied. We continue to have the same fundamental concerns about this process, however the overriding concern is a point which we have made to the SFL.

We have received absolutely no information on the organisation Sevco Scotland Ltd whom we are being asked, and encouraged, to vote straight into the top division of the SFL under resolution 2 and possibly into SFL 3 under Resolution 1. We have no business plan, list of directors, details of ownership, statement of capital adequacy or any proposals relating to the provision of any similar information in the near future. David Longmuir has clearly stated that he will distribute all the information he has got or is able to distribute.

Whilst the notion that there is a leap of faith to be taken in terms of some of the matters, there can be no leap of faith with something as fundamental as knowing who is being admitted to the league. The very fact that there is no information of any kind being made available on this company undermines the authorities efforts to direct the new entrant to SFL 1. It is actually impossible for any member of the SFL to make an objective assessment of the proposals under Resolutions 1 and 2 and could be seen as irresponsible to support either proposal in such a void of information.

It is our hope that some credibility can be introduced to this process and we would ask that whoever holds information on Sevco Scotland Ltd provides a full and detailed pack to David Longmuir in order that even at the eleventh hour the SFL clubs are given reason to support any Resolutions that they might wish to vote on. We have to assume that the SFA and SPL hold such information otherwise they would not press so heavily for entry to SFL 1.

If a leap of faith is to be taken, then in the current circumstances it will be taken blindly and the only logical outcome of taking that kind of risk would be to enter them to SFL 3, where, should any subsequent issues arise they will be contained within the lowest league rather than disrupting the top flight of the SFL.

The other matter that is entirely outside the gift of the SFL is the need for the SPL clubs to confirm that contrary to what Neil Doncaster stated on their behalf, the SPL will meet its obligations to the SFL under the Settlement Agreement.

[joe breezy]

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Absolutely disagree. Why should a football club get cash ahead of the taxpayer, or the wee corner shop?

Because it's SPL prize money and I doubt it will go to any creditor if it goes into the ex Hun black hole...

I think it's the right decision for the SPL to do something right for a change

[joe breezy]

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Clyde get wired in about it again...

The Board of Clyde Football Club has received the papers in advance of tomorrows SFL meeting and will consider the Heads of Terms supplied. We continue to have the same fundamental concerns about this process, however the overriding concern is a point which we have made to the SFL.

We have received absolutely no information on the organisation Sevco Scotland Ltd whom we are being asked, and encouraged, to vote straight into the top division of the SFL under resolution 2 and possibly into SFL 3 under Resolution 1. We have no business plan, list of directors, details of ownership, statement of capital adequacy or any proposals relating to the provision of any similar information in the near future. David Longmuir has clearly stated that he will distribute all the information he has got or is able to distribute.

Whilst the notion that there is a leap of faith to be taken in terms of some of the matters, there can be no leap of faith with something as fundamental as knowing who is being admitted to the league. The very fact that there is no information of any kind being made available on this company undermines the authorities efforts to direct the new entrant to SFL 1. It is actually impossible for any member of the SFL to make an objective assessment of the proposals under Resolutions 1 and 2 and could be seen as irresponsible to support either proposal in such a void of information.

It is our hope that some credibility can be introduced to this process and we would ask that whoever holds information on Sevco Scotland Ltd provides a full and detailed pack to David Longmuir in order that even at the eleventh hour the SFL clubs are given reason to support any Resolutions that they might wish to vote on. We have to assume that the SFA and SPL hold such information otherwise they would not press so heavily for entry to SFL 1.

If a leap of faith is to be taken, then in the current circumstances it will be taken blindly and the only logical outcome of taking that kind of risk would be to enter them to SFL 3, where, should any subsequent issues arise they will be contained within the lowest league rather than disrupting the top flight of the SFL.

The other matter that is entirely outside the gift of the SFL is the need for the SPL clubs to confirm that contrary to what Neil Doncaster stated on their behalf, the SPL will meet its obligations to the SFL under the Settlement Agreement.

Perfect - if true, the Huns shouldn't be getting anywhere near Division 3 never mind anywhere else in the leagues

[CropleyWasGod]

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Because it's SPL prize money and I doubt it will go to any creditor if it goes into the ex Hun black hole...

I think it's the right decision for the SPL to do something right for a change

It is, IMO, illegal though.

[CropleyWasGod]

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Clyde get wired in about it again...

The Board of Clyde Football Club has received the papers in advance of tomorrows SFL meeting and will consider the Heads of Terms supplied. We continue to have the same fundamental concerns about this process, however the overriding concern is a point which we have made to the SFL.

We have received absolutely no information on the organisation Sevco Scotland Ltd whom we are being asked, and encouraged, to vote straight into the top division of the SFL under resolution 2 and possibly into SFL 3 under Resolution 1. We have no business plan, list of directors, details of ownership, statement of capital adequacy or any proposals relating to the provision of any similar information in the near future. David Longmuir has clearly stated that he will distribute all the information he has got or is able to distribute.

Whilst the notion that there is a leap of faith to be taken in terms of some of the matters, there can be no leap of faith with something as fundamental as knowing who is being admitted to the league. The very fact that there is no information of any kind being made available on this company undermines the authorities efforts to direct the new entrant to SFL 1. It is actually impossible for any member of the SFL to make an objective assessment of the proposals under Resolutions 1 and 2 and could be seen as irresponsible to support either proposal in such a void of information.

It is our hope that some credibility can be introduced to this process and we would ask that whoever holds information on Sevco Scotland Ltd provides a full and detailed pack to David Longmuir in order that even at the eleventh hour the SFL clubs are given reason to support any Resolutions that they might wish to vote on. We have to assume that the SFA and SPL hold such information otherwise they would not press so heavily for entry to SFL 1.

If a leap of faith is to be taken, then in the current circumstances it will be taken blindly and the only logical outcome of taking that kind of risk would be to enter them to SFL 3, where, should any subsequent issues arise they will be contained within the lowest league rather than disrupting the top flight of the SFL.

The other matter that is entirely outside the gift of the SFL is the need for the SPL clubs to confirm that contrary to what Neil Doncaster stated on their behalf, the SPL will meet its obligations to the SFL under the Settlement Agreement.

Ach, it's well known that Clyde are taigs. This has no relevance.

c. Mason Boyne III

[Andy74]

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It is, IMO, illegal though.

It doesn't belong to Rangers though does it? The SPL will be able to balance this off before it becomes the sum due to Rangers and so creditors have no right to it as Rangers have no right to it.

[CropleyWasGod]

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It doesn't belong to Rangers though does it? The SPL will be able to balance this off before it becomes the sum due to Rangers and so creditors have no right to it as Rangers have no right to it.

It does, though, in that its money earned by them for their league place. In the same way as the money due for Jelavic from Everton, the admins/liquidators should collect it and distribute it amongst the creditors.

[Mon Dieu4]

Clyde are fast becoming my 2nd favourite team with their handing of this, every statement they come out with is tremendous

[Taz_hibee]

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It does, though, in that its money earned by them for their league place. In the same way as the money due for Jelavic from Everton, the admins/liquidators should collect it and distribute it amongst the creditors.

But if the money was due this season to RFC who no longer exist then can they not redistribute as they see fit.

[Andy74]

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It does, though, in that its money earned by them for their league place. In the same way as the money due for Jelavic from Everton, the admins/liquidators should collect it and distribute it amongst the creditors.

Yeah but the SPL have the ability to net off any football debt and so that would come off before it becomes a final sum due to Rangers surely?

[hibsbollah]

Ive been avoiding hun-related news for weeks now. Its interminable and boring and the journalists dont know anythung anyway.

Can i be cheeky and ask for an update?

[CropleyWasGod]

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But if the money was due this season to RFC who no longer exist then can they not redistribute as they see fit.

RFC do exist, though. They are still in administration, soon to be in liquidation.

[CropleyWasGod]

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Yeah but the SPL have the ability to net off any football debt and so that would come off before it becomes a final sum due to Rangers surely?

You're missing the point, though. It's against the law, IMO.

[CropleyWasGod]

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Ive been avoiding hun-related news for weeks now. Its interminable and boring and the journalists dont know anythung anyway.

Can i be cheeky and ask for an update?

NO. F R O.