Jim McLean's Ghost
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Posts posted by Jim McLean's Ghost
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Where can sacked Rangers players go? I think transfer windows are open in Scandinavia and North America for the start of the summer football season. Australia might still be open and possibly some South American leagues. Anyone got any firm knowledge on this.
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What is the best/cheapest/easiest way to unlock an iPhone (3G)?
Much obliged.
Phone your carrier and ask. Some do it for free, others charge so depending on who you are with it could be easy or be a hassle.
Orange are the worst, they charge £20 processing fee and won't unlock a phone that hasn't been registered in your name for at least 3 months.
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This is becoming like a Scottish Cup draw (if you support a pish team like me).
Getting all excited about the big online announcement in case the big one comes out but deep down you know fine well that it'll probably be the usual mediocre shite.
More like a league cup draw because they keep on promising it will be on a certain date/time then changing it on a whim.
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I've been a season ticket holder at Tannadice for a number of years and have had by existing seat for over a decade. In that time I have seen other season ticket holders come and go. A few I know still attend matches more selectively, others have just decided they have better things to do with their time (and money).
It would be nice to think that SPL chairmen would use this opportunity to make changes that would have long term benefits for the game i.e. make the league more competitive and, therefore, more attractive. But I don't think they will.
Instead they'll bend over for Rangers II and, in the process, some more non OF season ticket holders will call it a day. It's not beyond the realms of possibility that I will be one of them.
You seem to be of the mindset that the OF are oppressive dictators. We saw in the 10 team SPL debate clubs were far from united. Celtic and Rangers were for it due to more chances at glamour friendlies. Aberdeen, Hibs and Accies were for it; Motherwell and St Mirren were on the committee that drafted it. United were most vocally against and Killie, ICT and Hearts voted against the plan.
When the topic of a 14 team league came up only 3 clubs were in favour (Killie, ICT and Hearts) so let's not go down the road of pretending that Rangers or Celtic are holding the cards when it comes to reconstruction. The simple fact is all the clubs can't agree.
If the SPL chairmen "bend over" as you put it they will be doing so knowing that they can't endanger the existence of their own clubs to get one over Rangers.
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I'm no insurance expert but if you came to me and asked for insurance for a £24 million investment in a practically insolvent company who potentially face a £50+ million tax bill I'd be quoting you about £23.99 million for your premium.
And that is why you and I aren't earning millions in the City.
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Presuming any insurance agent would touch it. It would be like insuring your car and admitting that your mate who has had 100 driving bans is going to be using your car.
Why wouldn't insurance touch it? Ticketus are a reputable company and have had many similar investments insured, moreover do you think that a business like Ticketus invests £24M of clients money without insurance.
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It's a diarrhetic spasm of scarcely coherent speculation: court rules Whyte takeover illegitimate, club reverts to David Murray's ownership, and Sir David, who quite clearly would rather do a diving header onto a whirring circular saw than take the reins again at Ibrox, will pass the ownership onto Paul Murray's consortium. P. Murray has pledged to "involve the fans" so that's got Leggoland salivating.
A weird mixture of deeply unlikely conjecture and flatulent rhetoric. Embarrassing.
Especially weird since the whole reason Paul Murray was booted from the negotiating table was that he was unwilling to take on the tax liabilities unlike Whyte. There is no way David Murray will be invoking a clause that potentially puts £75M in tax liabilities back around his neck.
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Indeed however fottballers now have a special status in the Creditor chain which changes it a bit for them.
Is that true? I thought that only applied in England. The league can intervene on debts between clubs but I'm not sure players have any protection as football creditors.
Back on the Ticketus front. If it does all go tits up, I'm sure Ticketus are insured with someone like AIG or Lloyds and they will pick up the tab on a claim.
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How could he be entitled to sell tickets for a club he didn't own? That unreliable lump of hate, David Leggat has come up with new theory, that maybe he wasn't: My link
How does a bank lend you money for a mortgage to buy a house you don't own?
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This very point was discussed on Sportsound on Saturday and Jim Traynor suggested (for what it's worth) that although the term 'season ticket sales' is the one generally being used, the actual wording of the deal may simply refer to 'ticket sales', thus rendering Rangers fucked, regardless of what method fans use to pay for their tickets.
If Rangers don't sell the required number of tickets that Ticketus own in season tickets (they probably own 15,000 to 20,000 for each of the next three seasons) then Rangers will be obliged to sell the remaining ticketus owned tickets as individual match tickets first for walk up/pay at the gate type fans before they can start selling tickets that Rangers still own.
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You have forgotten ticketUS profit margin of say 30% and I suspect it is tied to any events by any organisation at Ibrox and not just OLD or New rangers
That is not how ticketus works. Investors make a 30% margin mainly because of tax breaks. Big clubs use this system quite a lot instead of banks so the actual margin on tickets must be competitive with available loans.
Ticketus actually buy the tickets for a named event. It isn't some vague notion of owning a seat in a stadium, they actually own season tickets for Rangers FC for the next four years.
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All ticketus purchases are insured. If the Rangers deal goes tits up then they will be able to make a claim against whoever they insured the investment with.
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My initial thoughts on Ticketus are that they may have bought tickets from Rangers but are guaranteed payment based on ticket sales at Ibrox, whether Rangers FC are the stars of the show or not.
That is a ridiculous notion. Ticketus do not own Ibrox (at least not yet). They made it quite clear they purchased tickets for Rangers home league matches for the next four years to the tune of £24M. Those tickets were sold by Craig Whyte, which he is perfectly entitled to do. However the tickets will only be valid for Rangers games. If you want to say they will be valid for a phoenix/continuation club then who knows? I would probably say yes since I don't think Whyte is that devious... maybe.
How big a sting will ticketus be to the future.
Let's say they have £30M worth of tickets (probably an over-estimate) for the £24M bulk buy to sell equally over 4 years, that is £7.5M a year. A Rangers ticket costs £25 so to cover that is 300,000 tickets which works out at approximately 17,000 per game. That still leaves 34,000 available seats for Rangers to sell to as long as they are still pulling in crowds over 40,000 then they will still be the second biggest team just further behind Celtic.
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i don't think it was that bad, a lot of the "profit" is in tax breaks (it's handy being rich).
i think it's more like £24 million for £30m - 35m worth of season tickets. a terrible deal but it's not happening now anyway.
it's like payday loans for football clubs
Ticketus say on their website that investors should expect a return of £1.05 in return for £1 invested plus a boat load of tax breaks.
I don't know if anyone has posted this link but it gives a quick run down of what Ticketus is, how it makes money and why you would invest your money with them. Plus it talks about guarantees they put in place for their deals
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Only on the most technical of technicalities. Unless you consider "Airdrie United" to be in no way related to "Airdrieonians".
Airdrie United are in no way related to Airdrieonians. The company that currently exists as Airdrie United FC was previously Clydebank FC. Airdrie United didn't keep the same SFA membership as Airdrieonians, they bought out Clydebank, renamed the club and took their SFA membership. Other than the stadium they have nothing else in common.
In the Rangers case the current outlook is that a "Phoenix" club would keep the same SFA and SPL membership and essentially be a continuation of the current club similar to the Leeds example.
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Rangers had the deadline of today to pay Dundee United £250,000 cup money, and GAIS Gothenburg are also waiting on £250,000 for the transfer of Mervan Celik but haven't heard anything from since Monday. Where does that leave the clubs due from these situations. Will they only receive a fraction of what they are due or will they receive payments?
I don't think Rangers are able to legally pay these debts unless they are essential to Rangers being able to operate. Administration is a protection from debt collectors and more than likely United and GAIS won't get a penny until administration ends, whatever route that takes.
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A 9 million pound tax bill run up since Whyte took over, he's certainly playing a risky game.
Why is that risky? Rangers already owe millions, a few more on top won't make any real difference.
I think Whyte's strategy is that right now HMRC doesn't own enough debt to block a CVA. If HMRC can only claim £9M before they get the big tax case heard then Rangers could be carved up before that leaving HMRC trying to get money from a company that no longer has any assets or cash flow while Rangers FC are still playing at the same stadium with the same owner.
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The SPL's hands are kind of tied because of the way the media contracts are written and the general indebtedness of the league. Clubs can't afford to lose the money that is in the TV deal especially clubs like United, Killie and Aberdeen who are all on strict budgets and paying off debts. Hearts are financially tricky as well. Dunfermline are millions in debt, admittedly to their owner but shutting stands shows their predicament. St. Johnstone, St. Mirren, Motherwell and ICT have little or affordable debts but their balance sheets would take a whack which isn't good when they sit on the knife edge of break-even. That leaves Celtic and Hibs on sound financial footings. Hibs have some debt but their problems are mostly on field. Celtic posted a £7M downturn yesterday, a mild profit but looking towards a loss at the end of year results.
So when it comes down to it which chairman is going to stand up and risk his own club to get one over Rangers?
If you answered MadVlad award yourself a point.
An agreement will be reached to allow Rangers to stay in the SPL, points penalties and European bans are negotiable.
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Mike Edwards from STV News is suggesting on Twitter that the HMRC administration move does not have anything to do with the "big" tax case potential judgement... So does that mean that that debt will be heaped on top should Rangers lose?
If Rangers sell there assets to other companies and are liquidated the big tax case just goes away unless HMRC have some recourse against the individuals who oversaw the scheme.
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The fit and proper person aspect has never been tested before. It is the only possible way the SFA could issue some sort of punishment and in this case it would be against Craig Whyte and not Rangers. Can the SFA force him to sell his controlling stake or can they just force him to resign as Chairman/Director/Officer roles? And at that point failure to comply would probably mean lapsing membership which would leave Whyte up shit creak, so the SFA might still have routes of attack.
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I would assume the SFA would be able to transfer a membership in the same way the SPL can. It clearly happens; afterall, barely any clubs today are as they were in the Victorian era in terms of their legal/financial situation.
I'm not suggesting it's easy-as-pie, btw, just liquidation doesn't necessarily mean "au revoir".
It would probably go to the professional board. Comprising 10 members of which 4 will already be on board with an SPL plan (which I would imagine needs to happen first) Topping, Doncaster, Lawwell and Petrie. And if Hibs and Petrie are on board then the 2 Vice Presidents would probably fall into line as well. Giving the plan a clear majority.
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But would the SFA not have to admit the new company as an SFA member as well as the spl approving it
This is where rules can get tricky and there is scope to read them how you like. Rangers are already members of the SPL/SFA, if they transfer their SPL shares to another company they will still be SPL members and therefore SFA members... maybe.
There is a clause about 3 years audited accounts, well I'm sure Craig Whyte has a company with 3 years accounts which could own be changed for the purposes of owning Rangers (then spin out whatever its proper business is into another company...tada).
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It still hasn't been explained how this would happen, though. Whyte (or someone else) can take or buy Ibrox and form a completely new club, and try to get admitted right into SPL (which would probably happen). Or they can take or buy the league share and thus continue on in SPL, with SPL permission (which again would probably happen).
Ibrox, Murray Park and the league share only have value as footballing assets, afterall.
I wouldn't even put Murray Park in the same bracket as Ibrox or the League share.
Those are the two assets that make money, a place in the league and a stadium to sell tickets to, and right now Craig Whyte has the inside track on both. He also has a few cards to play with the SPL with the TV and media contracts that could give him a cosy interpretation of the rules.
If at the start of next season Craig Whyte is holding a league membership, Ibrox and a points penalty he will be laughing. Footballers are easy to replace, you won't see an alternative Phoenix club because there is no realistic way forward. (e.g. you buy East Stirlingshire and play where?) Even if the new Rangers are vastly reduced in financial clout, they only need a budget of around £15M to comfortably be the second biggest team.
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Just to add I can log into the router with the default username & password but don't know what if anything I should change.
Go to the bottom and look for Connection status, it should bring up a pop up window with a table with Status, time etc. At the bottom there is a connect/disconnect button if you click that it should start showing "LCP is down" LCP is allowed to come UP" or similar messages, this is the modem connecting to the web. If it doesn't say stuff like that the modem is probably gubbed. Look forward to a frustrating call to Sky to get a new modem.
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Big Rangers Administration/Liquidation Thread - All chat here!
in Celtic v Rangers, Rangers v Celtic
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Didn't think that was right though. I thought you had to be unemployed at the end of the most recent transfer window to be able to sign for a club which is why lots of players ask for a release on deadline day.