Florentine_Pogen

Ahem............

From RTC Blog Comments Weescotty says: 19/06/2012 at 12:04 pm Even a blind man can see what the governing bodies are up to, the only question is are the members in on it. Oldclub are no longer a club and have no audited accounts. They therefore should have had their SPL membership terminated. By not doing this they are making the vote a TRANSFER of the share. 8 votes needed. If they remove oldclubs SPL membership it would then be a GRANTING of the share, needing 10 votes. Where do the members clubs come into it – plausible deniability! Much more credible to claim ‘it wasny -------------------------------------------------------------------------------------------------------------------------------------- (My emphasis)

For anyone who didn't catch 'Off The Ball' on Saturday, here's a wee link to BBC iPlayer. http://www.bbc.co.uk/iplayer/episode/b01jxxj4/Off_the_Ball_16_06_2012/ The good stuff re. DeadH*n & Newcorpse kicks in at about 5m50secs. Chapeau to Stuart Cosgrove for his concise thoughts.

27 August 2003 FC Copenhagen 1-2 Rangers-Christian Nerlinger sets up the winner to deprive FC Copenhagen of a Champions League Group place.

Ineffectual, self-serving, spineless lickspittle. Good feckin' riddance. Worst chief executive in Christendom. Funny how we get all the shite admins in Banana Republic. Still all quiet on the Chick / Jabba / Fat Sally / Wullie Pullar / Dodds front. Feck them too. Sorry, ranting now.

"....another club..."

Don't forget, Harold Shipman is an experienced liquidator. Your analogy is not so far fetched as you may think.

Liar, liar ! Crimplene suit on fire !!! Dinnae gie's yer pish ! You'll have a digital radio and smartphone by your side 24/7. Don't want to miss the wake, do you ?

Another complexity (well, to my addled brain at least...) Anyone know how today's announcement will intertwine with Saturday's announcement that the SFA intend to dismantle the SPL ?

I really can't get my head around the fact that Oldco are no more and are / have been liquidated. Club 12 are a brand new entity and should, by rights, be applying to join the SFL as per Spartans or Cove Rangers. However, Club12 still have a right to vote themselves straight into the SPL ? What. The. Fvck ? If, as someone mentioned earlier, the SPL / SFA have the power to impose any penalty they see fit, then surely they should be removing this right to vote from an entity that, in effect, has no rights. (Or am I making a James Hunt of this ?)

For those lovers of Latin legal terminology, the RTC Blogger lobbed that grenade into Cockwomble's office on the 22nd May. Neil Doncaster’s intelligence-insulting interview on SSN this week places another few pieces of the jigsaw together as to how plans are shaping up to deal with Rangers’ corporate failure. Other blogs have already dissected this interview very well, so I will not dwell on the details. Instead, we will look at what is shaping up as the plan “to fix” Scottish football. As we have discussed for several weeks, Doncaster wants Rangers in the SPL regardless of how much they owe HMRC or other football clubs. He wants them in the SPL regardless of whether cheating on a massive scale has occurred or not. Doncaster’s attempt to bluster his way to getting acceptance for the idea that a CVA and a newco-Rangers are the same thing is just stunning in its gall. Doncaster is a key player in this dance. Therefore, I assume that he has been made aware of the Duff & Phelps plan. His interview this week was simply a crude attempt to blunt the impact of any accusations that might be contained within the BBC Scotland documentary to be aired on Wednesday night at 8pm. Either through an incredible degree of cynicism or playing the role of useful idiot, Doncaster’s cheer leading is key to a plan that will do more to destroy the Scottish Premier League than any loss of income from the temporary absence of a Rangers-type club could ever do. One must assume that Doncaster is actively delaying the report on the dual contracts. It would take less than twenty minutes for any lawyer to see that there is a prima facie case against Rangers FC. Demonstrating a prima facie does not require looking at every piece of evidence or even getting close to providing proof. It is literally a check that “on the face of it” there appears to be something behind the allegations. Doncaster denies that there is a “go slow” instruction on this investigation. In the fullness of time, it will become clear that something is amiss. The law firm of Harper McLeod have been hired by the SPL to investigate if a prima facie case against Rangers on the dual contract issue exists. Let me help Harper McLeod out a little. On 28 July 2001, Rangers played Aberdeen at Pittodrie. Rangers won the game 3-0. Making his league debut that day was a German who would later go on to become General Manager of Bayern Munich, Christian Nerlinger. He also scored one of the goals. That game against Aberdeen marked the first game where the EBT scheme that is the subject of the ‘Big Tax Case’ interfered with the Scottish Premier League. Harper McLeod should take a look at Nerlinger’s contract filed with the SFA. Next they should obtain Nerlinger’s contract documents and payment history from Rangers FC (IA)’s administrators. Comparing the contract to the payment history alone will expose payments of well in excess of £1 million that are not listed on his SFA-registered contract. There is your prima facie case, Mr. Doncaster. There is no need to investigate any further to demonstrate that Rangers have a case to answer and that an independent inquiry is required. It seems clear that Doncaster just does not care about the rules. He just wants a Rangers in the SPL next season. My thoughts on how this will most likely end are laid out below. Talk of a CVA is just window dressing to appease the less realistic element of the Rangers support. Whyte can pledge his shares in the club for £2 safe in the knowledge that a CVA is not going to happen. (Strictly speaking, Whyte himself can always scupper a CVA). We are heading for a newco of some description. The key point, Mr. Doncaster, is whether Craig Whyte’s floating charge is still meaningful. If it is (and people with more advanced legal training than me cannot find a consensus on whether it will be) Whyte will be content to let this drama unfold. His friends at Duff & Phelps will continue to potter about while reality continues to sink in with the wider Rangers support. In the end, Whyte will play his trump card and call in a receiver who will sell all of Rangers’ assets to a newco for a sum that will go entirely to Whyte- stuffing all of the other creditors. A plan to achieve this outcome would explain a lot of Duff & Phelps’ actions over the last few months. If Whyte’s floating charge does not support a legitimate debt (and I expect some court drama over this point), then Rangers’ assets will be sold to a newco and the proceeds divided among the creditors. They will be lucky to receive 5p/£ even in this path, but they would not get more in a CVA anyway. A newco of some form is inevitable. The liquidation of The Rangers Football Club plc is also inevitable. The debate is not over whether the newco will enter Scottish football, but over how. If Doncaster’s dream comes true, and newco-RFC just start playing in the SPL next season without any penalties, then Scottish football is dead. There are many other possible formulae for a fair outcome. Many Rangers fans want the newco to start in SFL division 3 and play their way to their place in the SPL like anyone else. It is also possible to have the newco pay an “entry fee” over a number of years that would serve as a deterrent to others. It would also serve, to a degree, as compensation for the carnage wrought on the Scottish game by Rangers during the years of Murray’s excesses. There are lots of ways to arrive at a fair outcome. However, the money-men who might own newco-Rangers will not want that and Neil Doncaster has their interests at heart. Sport? Fans? Mere irritations. ________________________________________________________________ Today's announcement surley must be the green light that RTC / Mark Daly have been waiting for to drop the next bomb. Strap yourself in, Walter, could be a bumpy ride.

PMSL - Have a greenie

WTF is a holy wilobooby ? Something to do with The Luj ?

My bet would be that his media persona is somewhat deliberately crafted to give the knuckledraggers the impression that he will be a walkover for The Cardigan Consortium. In reality, I'm sure he's a tough nut to crack and in the backroom meetings he'll no doubt be having with Sir Watty's co-conspirators, Chuckie will have their balls in a vice.

Looks like Alasdair Lamont is tweeting from the meeting. https://twitter.com/#!/bbcallamont

Seem to remember someone saying that Dave King, as a major shareholder, could block the sale ? Then again, I might be talking pash.

Nah, it's not a Mel Gibson job.

What makes you think this will happen ?

"Fourteen years ago our football administration brought forth, in this country, a new Premier League, conceived in greed and dedicated to the proposition that two clubs should reign over all others. Now we are engaged in a great civil war, testing whether that League, or any League so conceived, and so dedicated, should long endure. We are met on a great battle-field of that war. We have come to bury the inequality and corruption, as a final resting-place for the club who here systematically cheated and lied and bullied, that our other clubs might live. It is altogether fitting and proper that we should do this. But, in a larger sense, we cannot erase, we cannot eradicate this one club without examination of the people and the structures who helped maintain that hegemony. The diddy clubs, living and dead, who struggle here, deserve so much more from the incompetent and corrupt administrators and journalists, those who pretend to act in the best interests of all, without fear or favour, but so rarely do. The world will little note, nor long remember what happened here in this small country. It is for us, the internet bampots, rather, to be dedicated here to the unfinished work which the RTC Blogger and Mark Daly have thus far so nobly advanced. It is rather for us to be here dedicated to the great task remaining before us—that from these bigotted songs, EBT’s, tax scams and illegally registered players, we take increased devotion to that cause which ensured their vile club ceased to exist—that we here highly resolve that RFC cheated in vain—that this nation’s Football Association shall have a new birth of freedom and that the Beautiful Game of the people, by the people, for the people, shall not perish from Scotland."

This has got to be worth a repost prior to the upcoming SPL meetings. Lest we forget the scale of cheating that was carried out by the organism formerly known as RFC. New Celtic Quick News: The tens of millions Rangers denied SPL clubs laid bare Posted on 18 May, 2012 by Paul67 The SPL deadline for clubs to provide information on improper registration of players was six weeks ago today but the league has yet to report findings to clubs, while the chief executive rallies support to allow a Newco access to the league. Time has expired on this policy of non-disclosure until it’s too late. If the SPL chief executive ever tells us that Rangers fielded improperly registered players between 2000 and 2012, resulting in years of 3-0 defeats being awarded, there will be an enormous amount of anger, not only among supporters, but in boardrooms across the country, as they ponder money which was rightfully theirs but which went to Rangers – perhaps including Rangers prize money for finishing second this season. We have made an attempt to quantify this money. Some of the losses were easier to calculate than others. For example, it was easy to calculate that when Rangers won the title in 2009 with improperly registered players, earning automatic qualification to the Champions League group stage, they denied Celtic £15m European earnings, plus £340k SPL prize money. Other losses are less clear, specifically when a club was denied a place in a qualifying round for the Champions League or Uefa Cup, which they may or may not have progressed from. We have established three figures for each club in the SPL during the season just finished, to cover the period from 2000 to 2012: Minimum loss: The absolute minimum each club was denied from European and SPL prize money as a result of Rangers finishing above them with ineligible players. Weighted loss: The figure based on Scottish clubs gaining entry to Champions League/Europa League (Uefa Cup) group stages from 20% of their qualifying campaigns (which is slightly less than trend). Maximum loss: The maximum a club could have achieved if it qualified for the European group stage it was denied entry to. Out estimates take no account of the subsequent effect money has on future years. For example, If Celtic earned an additional £15m from entering the Champions League group stage in 2009-10 their league challenge for that season would have been £15m stronger, and Rangers £15m weaker, potentially resulting in consequences in future years. This multiplier effect would have benefited Celtic but it would be likely to have a greater effect on other clubs, some of whom would be denied the enormous percentage increase in budget automatic qualification to European group stages would have brought. Hearts finished immediately behind Celtic and Rangers more often than any other club over the period and suffer the greatest potential losses, even more so than Celtic. Hibernian, Aberdeen, Dundee United and Motherwell also suffered significant losses. Several clubs got nowhere near European football over the period, and some of the 11 spent only a few years in the SPL but each club lost over £1m. Figures for each club are: Hearts Maximum: £72.3m Weighted: £16.3m Minimum: £6.2m Celtic Maximum: £46.7m Weighted: £21.9m Minimum: £17.4m Hibernian Maximum: £34.8m Weighted: £8.4m Minimum: £3.6m Aberdeen Maximum: £21.1m Weighted: £5.5m Minimum: £2.7m Dundee United Maximum: £20.8m Weighted: £5.2m Minimum: £2.4m Motherwell Maximum: £16.7m Weighted: £4.4m Minimum: £2.1m Kilmarnock Maximum: £5.1m Weighted: £1.9m Minimum: £1.3m Dunfermline Maximum: £3.4m Weighted: £1.8m Minimum: £1.5m Inverness Maximum: £1.3m Weighted: £1.3m Minimum: £1.3m St Johnstone Maximum: £1.1m Weighted: £1.1m Minimum: £1.1m St Mirren Maximum: £1.1m Weighted: £1.1m Minimum: £1.1m In the event Rangers fielded ineligible players during the period under consideration, which everyone apart from Neil Doncaster knows, and even he will be unable to deny next week, we know the following: Rangers received a minimum of £40.9m which should have gone to the 11 other clubs, assuming each clubs lost all their European group stage qualifying campaigns. This calculation does not include earnings from clubs now in the Scottish Football League, such as Hamilton Accies or Dundee. If Scottish clubs progressed to the group stages of European competition on only 20% of their qualifying campaigns the loss would be £69.0m. The figure for total potential losses if clubs successfully progressed to every European group stage is, as the figure for 100% failure, more illustrative than likely, but the maximum cost to the 11 SPL clubs is £224.6m. Results will be changed, trophies can and will, be re-awarded, but these are the harsh financial consequences clubs, their lawyers and supporters, will consider when the facts are presented to them next week. The SPL executive has had six weeks to consider if there is sufficient evidence to commence disciplinary proceedings; they have failed to do so. They have failed you and every other football supporter in the land, while shamelessly pursuing an accommodation for the errant club BEFORE REVEALING THE FACTS TO YOU. Time will be up soon, Mr Doncaster. You’ve had your chance but you have convinced no one. The people who really matter in this entire debacle are those who buy tickets for Celtic Park, Pittodrie, Easter Road, Tynecastle, Tannadice, Fir Park and the rest, they will hear the truth and read these figures. You have failed them. You can read our calculations here. European income figures were sources from Uefa data.

Now that Boumsong has lifted the lid on his personal can of worms, we have confirmation that agents are also up to their oxters in EBT shenanigans. I look forward to hearing from Mr. William McKay (Boumsong, Whittaker, Kevin Thomson...any others ?), Mr. Wiggy Smith (Kenny Miller I think). McKay has been on Hector's radar for years. Hopefully now the b*st*rd will get his just desserts.

It's only taken Mr. Boumsong eight, I repeat, eight f*cking years to publicly announce his private misgivings over his EBT. Coincidentally, it's just before the whole house of cards is about to come crashing down and Hector may be chapping his door. Funny that. Mr. Boumsong and Mr. Dodds both need to make appointments to see a proctologist asap. Anal leakage, if left undiagnosed, can cause serious problems.

If Spiers' info is correct, I can't believe Hearts are voting 'Yes'.

Floating charge From Wikipedia, the free encyclopedia Jump to: navigation, search A floating charge is a security interest over a fund of changing assets of a company or a limited liability partnership (LLP), which 'floats' or 'hovers' until conversion into a fixed charge, at which point the charge attaches to specific assets. The conversion (called crystallisation) can be triggered by a number of events; it has become an implied term in debentures (in English law) that a cessation of the company's right to deal with the assets in the ordinary course of business will lead to automatic crystallisation. Additionally, according to express terms of a typical loan agreement, default by the chargor is a trigger for crystallisation. Such defaults typically include non-payment, invalidity of any of the lending or security documents or the launch of insolvency proceedings. Floating charges can only be granted by companies. If an individual person or a partnership[1] was to purport to grant a floating charge, it would be void as a general assignment in bankruptcy.[2] Floating charges take effect in equity only, and consequently are defeated by a bona fide purchaser for value without notice of any asset caught by them. In practice, as the chargor has power to dispose of assets under a floating charge, this is only of any consequence in relation to disposals after the charge has crystallised. The floating charge has been described as "one of equity's most brilliant creations."[3] Crystallisation Strictly speaking, it is not possible to enforce a floating charge at all - the charge must first crystallise into a fixed charge. In the absence of any special provisions in the relevant document, a floating charge crystallises either upon the appointment of a receiver or upon the commencement of liquidation.[9