TrentVilla Posted March 7, 2012 Moderator Share Posted March 7, 2012 Will not be competing in Europe next year. Nothing new there then. :winkold: Link to comment Share on other sites More sharing options...
Chindie Posted March 7, 2012 VT Supporter Share Posted March 7, 2012 Wahey! Link to comment Share on other sites More sharing options...
Voinjama Posted March 7, 2012 Share Posted March 7, 2012 Celtic to basically clean up for the next 5 years at least. Link to comment Share on other sites More sharing options...
LondonLax Posted March 8, 2012 Share Posted March 8, 2012 I think the Celtic board will be almost as stressed about this as the Rangers one. With no "old firm" rivalry anymore that league will lose the last sponsors it has left and its European places will quickly follow. Link to comment Share on other sites More sharing options...
EastEndVillan Posted March 8, 2012 Share Posted March 8, 2012 Dave King, one of the former directors released a statement yesterday saying that liquidation was inevitable. Was fairly damning on Craig Whyte. I'd post a link, but I sure I've seen a rule or something about links, which I now can't find, and don't want to incur the Mods wrath, so google it. Link to comment Share on other sites More sharing options...
BOF Posted March 8, 2012 Moderator Share Posted March 8, 2012 I think the Celtic board will be almost as stressed about this as the Rangers one. With no "old firm" rivalry anymore that league will lose the last sponsors it has left and its European places will quickly follow. I disagree on the 2nd point. If Celtic don't have to compete with Rangers for quality players then having one properly strong side instead of 2 half-strong ones means the Scottish league could benefit in Europe by getting more coefficient points from a competitive Celtic. Rather than the scraps they feed off when both sides fail. So it could very well be that the European places increase due to this. Remember that Scotland is in and around that area where it doesn't take much to gain places. They only very recently lost their "one plus a qualifier" status in the CL. It wouldn't be overly difficult to get it back. As for the rivalry. Those football fans will still be football fans. They'll either go elsewhere or; like Fiorentina f.k.a. Florentia in Italy; a new Rangers will come from the flames and soar through the leagues. Either way, I see a rosey decade ahead for Celtic, but I've said that as soon as this broke. That was always the fairly obvious consequence of this. The interesting thing now is who, if anyone, will regularly take up the runners-up slot while Rangers re-group (or re-form). Link to comment Share on other sites More sharing options...
PauloBarnesi Posted March 8, 2012 Share Posted March 8, 2012 Without Rangers Celtic will become a flabby competitor imo. What will they have to test them regularly on any basis? It will becoming harder and harder to attract players, as the league itself weakens. After ten years of domination in Scotland Celtic will (IMO) look in the mirror and realise they have become such a big fish in such a small pond that they will only have one club left to eat on; themselves. Link to comment Share on other sites More sharing options...
Rodders Posted March 8, 2012 Share Posted March 8, 2012 just thought, where would a new rangers start? the scottish league is a fixed pyrmaid isn't it. Aside from that one year they allowed peterhead and gretna in I know. Link to comment Share on other sites More sharing options...
BOF Posted March 8, 2012 Moderator Share Posted March 8, 2012 It's a fixed pyramid that currently includes Rangers, one of their 2 biggests assets. Something tells me any time that a new club had to spend outside that would be short and sweet. Any request to be included back in would be met with open arms. Link to comment Share on other sites More sharing options...
Zatman Posted March 8, 2012 Share Posted March 8, 2012 can see teh Celtic to England stories surfacing again soon Link to comment Share on other sites More sharing options...
The_Rev Posted March 8, 2012 Share Posted March 8, 2012 **** that. Link to comment Share on other sites More sharing options...
ml1dch Posted March 8, 2012 Share Posted March 8, 2012 I don't see what the problem is Rev. If they want to apply to play in the North Northumberland League Division Two and go from there then I don't see why they shouldn't be allowed. They could potentially be in the Premier League in as little as fifteen short seasons. Link to comment Share on other sites More sharing options...
The_Rev Posted March 8, 2012 Share Posted March 8, 2012 Link to comment Share on other sites More sharing options...
LondonLax Posted March 10, 2012 Share Posted March 10, 2012 I think the Celtic board will be almost as stressed about this as the Rangers one. With no "old firm" rivalry anymore that league will lose the last sponsors it has left and its European places will quickly follow. I disagree on the 2nd point. If Celtic don't have to compete with Rangers for quality players then having one properly strong side instead of 2 half-strong ones means the Scottish league could benefit in Europe by getting more coefficient points from a competitive Celtic. Rather than the scraps they feed off when both sides fail. So it could very well be that the European places increase due to this. Remember that Scotland is in and around that area where it doesn't take much to gain places. They only very recently lost their "one plus a qualifier" status in the CL. It wouldn't be overly difficult to get it back. As for the rivalry. Those football fans will still be football fans. They'll either go elsewhere or; like Fiorentina f.k.a. Florentia in Italy; a new Rangers will come from the flames and soar through the leagues. Either way, I see a rosey decade ahead for Celtic, but I've said that as soon as this broke. That was always the fairly obvious consequence of this. The interesting thing now is who, if anyone, will regularly take up the runners-up slot while Rangers re-group (or re-form). If the sponsors lose interest in the league I think Celtic will struggle for funding to keep a truly competitive team on the field. Link to comment Share on other sites More sharing options...
TrentVilla Posted May 13, 2012 Moderator Share Posted May 13, 2012 Breaking news this morning that they have been sold to a London consortium. Link to comment Share on other sites More sharing options...
PauloBarnesi Posted May 24, 2012 Share Posted May 24, 2012 If the man who sets up your tax scheme is a pornographer, watch out Very interesting programme on Rangers situation and tax affairs. McLeish got £1.7 m over five years from the scheme; maybe Villa have paid that to stay away... Link to comment Share on other sites More sharing options...
PussEKatt Posted May 24, 2012 Share Posted May 24, 2012 The SPL is a pathetic league anyway, and now without Rangers it will be a real joke.Celtic will win the league every year with 20 points between them and second place. Link to comment Share on other sites More sharing options...
cudoz Posted June 12, 2012 Share Posted June 12, 2012 Rangers to re-form after creditors' deal is rejected By Alasdair Lamont and Chris McLaughlin BBC Scotland Rangers will re-form as a new company after a creditors' deal was rejected by Revenue and Customs. It means clubs will have to vote on whether to re-admit Rangers to the Scottish Premier League. HMRC rejected prospective owner Charles Green's bid to exit administration via a company voluntary arrangement giving creditors nine pence in the pound. "The club will continue to operate as it has always done but in a new company structure," said the administrators. Green, who said he was "hugely disappointed" by HMRC's decision, will now seek to buy the club's assets for £5.5m and form a "newco", under the terms of the deal his consortium struck with administrators Duff & Phelps. "We will be liaising with the football authorities at the earliest opportunity to establish our position regarding the SPL," said Green, who will approach the Scottish Football Association and the SPL. What is a CVA? A CVA enables companies to reach an agreement with creditors about how debts could be repaid and provides for partial or full repayment depending on what the company can reasonably afford to pay. Rangers' footballing fate will be decided by their 11 fellow SPL members. There is an SPL board meeting at Hampden on Monday to discuss the league's inquiry into alleged dual contracts at Rangers. They could hold a vote then if a newco proposal can be put together in time. Perhaps more realistic is for the 11 clubs to vote at the AGM next month. In recent weeks clubs have expressed the dilemma they face: Rangers' presence in the SPL brings revenue through the turnstiles and from broadcast deals, but many fans have said they will not return if "sporting integrity" is not seen to be upheld. These supporters have been in contact with their clubs to demand that they vote against Rangers playing in the SPL next season. Their preference is for Rangers to apply to join the Scottish Football League and to start again in the Third Division. HMRC said that the sale of the club "is not being undermined, it simply takes a different route". In a statement it said: "Liquidation will enable a sale of the football assets to be made to a new company, thereby ensuring that football will continue at Ibrox. "It also means that the new company will be free from claims or litigation in a way which would not be achievable with a CVA. Rangers can make a fresh start." Green's consortium had hoped to have its CVA - offering nine pence in the pound at best - approved by creditors when they meet at Ibrox on Thursday so that the club could exit administration in mid-July. But Green needed major creditors HMRC and Ticketus, who had loaned money to owner Craig Whyte in exchange for future season ticket revenue, to vote in favour to avoid the assets being sold off. "The solemn promise I can make to Rangers fans today is that this club will continue as Rangers Football Club and will continue to play at Ibrox Stadium," said Yorkshireman Green. "I am hugely disappointed by the decision of HMRC not to support the CVA proposal and that disappointment will be felt acutely by Rangers fans across the world. "Frankly, I do not see what benefit will be achieved by this decision. My consortium's offer for a CVA amounted to a total of £8.5m. "Now that we will have to complete the purchase via the formation of a newco, the purchase price and therefore the amount available to creditors will be £5.5m. "I can understand HMRC deciding that football clubs which do not pay their taxes need to be punished, but by effectively banning Rangers from Europe for three years all that will happen is that there will be less revenue generated by the club and consequently less money paid over to the taxman." Rangers entered administration on 14 February and await the outcome of a First Tier Tax tribunal at the Court of Session in Edinburgh over unpaid taxes - the so-called "Big Tax Case". If that decision goes against the club, it would mean a further bill of anything from £35m to £70m. That would have reduced the pence-in-the-pound deal in the CVA to close to zero. The club's total debts to unsecured creditors listed in the CVA was £55m, with HMRC accounting for £21.5m of that sum. BBC Scotland has learned that Duff & Phelps held a meeting with HMRC on Monday and were told of their decision. Duff & Phelps say HMRC's decision was based on "its general policy of not agreeing to a CVA where there is strong evidence of non-compliance by a company with its tax liabilities". They said HMRC had agreed to consider the CVA proposal along with all other options but decided that the club's level of indebtedness made it unacceptable. The administrators say HMRC would also have rejected the other offers for the club that proposed a CVA. Administrator Paul Clark added: "HMRC has taken the view that the public interest will be better served with the liquidation of The Rangers Football Club plc as a corporate entity." The CVA required the approval of 75% or more in value of the creditors, and more than 50% in value of the members, voting on the resolution. . Bye Bye Ranges! It comes as no surprise to me that HMRC have rejected the CVA proposal. Though i'm sure the other creditors will have something to say about this as the £5.5m consideration is going to be swallowed up the the Adminstrators and Liquidators' fees. The SPL clubs have a huge decision coming up. Link to comment Share on other sites More sharing options...
MrDuck Posted June 13, 2012 Share Posted June 13, 2012 I fully expect Rangers to be in the SPL again next year.. which frankly strikes me as a **** disgrace, but hey... that's the modern world. Link to comment Share on other sites More sharing options...
TrentVilla Posted June 13, 2012 Moderator Share Posted June 13, 2012 Perfect storm... Kick Rangers out and the league and all the clubs in it will experience a significant drop in their revenue, some of them may well go busy themselves. Keep Rangers in the league and destroy what little bit of credibility their league has. Not much of a choice is it, money usually takes so I fully expect the to retain their SPL status. Link to comment Share on other sites More sharing options...
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