WeeHectorPar Posted December 30, 2014 Share Posted December 30, 2014 37 E Club Financial Arrangements Insolvency E1 Subject to Rule E5 , where a Club suffers or is subject to an Insolvency Event that Club shall be deducted 15 points in the League . E2 Where an Insolvency Event occurs during a Season, the 15 points deduction shall be applied immediately to take effect in the current Season. E3 Where an Insolvency Event occurs during the Close Season the 15 points deduction shall apply in respect of the immediately following Season, such that the relevant Club starts that immediately following Season in the relevant Division on minus 15 points. E4 Where an Insolvency Event or in the event that such Insolvency Event is part of anInsolvency Process that process, continues and/or is subsisting during a second orlater Season then, for each such second or later Season, during the whole or part of which such Insolvency Event or Insolvency Process is continuing and/or subsisting, the Club concerned shall be deducted 15 points and shall start each such second or later Season in the relevant Division on minus 15 points. E5 Where a Club, whether owned and operated by the same or a different Member, suffers or is subject to an Insolvency Event which results in a deduction of points interms of these Rules and within 5 years of the date of such Insolvency Event suffers or is subject to a further Insolvency Event which is not part of the same Insolvency Process as the Insolvency Event then suffered, the points deduction applicable in terms of Rules E1 in respect of that second or further Insolvency Event, shall be 25 points with the 15 points in Rules E2 and E3 being 25 Points "But the last lot were all crooks. They are up on fraud charges. Rangers wus robbed and the SFA and SPFL have to give back all the points and refund all the fines and take away the tainted titles that the s**m won." Rules just don't apply to them. 0 Quote Link to comment Share on other sites More sharing options...
WeeHectorPar Posted December 30, 2014 Share Posted December 30, 2014 Where exactly did Sevco think the money they've spent over the last couple of years was going to come from? A big boy left it and ran away. Honest. 0 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted December 30, 2014 Share Posted December 30, 2014 i was in the Hilton in Byres rd on Christmas day and some skank was actually wearing that eating her Christmas dinner! Aye sure you were.... You'd notice that sort of thing if you're a waiter. 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted December 30, 2014 Share Posted December 30, 2014 Ashley knows that if the company/club/entity goes into admin and he has claim over Ibrox/MP/the badges, etc then all he needs to do is let the company be liquidated. There will be no shortage of rich "Rangers men" queuing up to pump money into "their club" There was a severe shortage last time, and at that point, all the assets you mention were available for peanuts. -1 Quote Link to comment Share on other sites More sharing options...
WeeHectorPar Posted December 30, 2014 Share Posted December 30, 2014 There was a severe shortage last time, and at that point, all the assets you mention were available for peanuts. But last time they were all waiting for a Russian oligarch or an Arab sheikh to step in. This time it will be real "Rangers men" who will put up the money. Only thing is, their theme song, "Penny Arcade", will sum up their situation just perfectly. 0 Quote Link to comment Share on other sites More sharing options...
Johnny Remo Posted December 30, 2014 Share Posted December 30, 2014 £1m for MacLeod plus it looks like the £6,5m from Park and co is going through http://www.bbc.co.uk/sport/0/football/30634541- so they're pretty close the £8m they apparently need to stagger through to the end of the season... 0 Quote Link to comment Share on other sites More sharing options...
WeeHectorPar Posted December 30, 2014 Share Posted December 30, 2014 £1m for MacLeod plus it looks like the £6,5m from Park and co is going through http://www.bbc.co.uk/sport/0/football/30634541- so they're pretty close the £8m they apparently need to stagger through to the end of the season... You forgot the little matter of £3M that they owe Ashley in April. 0 Quote Link to comment Share on other sites More sharing options...
p&b is a disgrace Posted December 30, 2014 Share Posted December 30, 2014 It's amazing how many bears are berating Ashley for not pumping in another million so thatcher can hold onto McLeod. In their position it's really fair if any club to offer a million quid for any Rangers player. They should just be thankful to get a wage of the monthly bills 0 Quote Link to comment Share on other sites More sharing options...
p&b is a disgrace Posted December 30, 2014 Share Posted December 30, 2014 So that they - not thatcher. Fecking fat dyslexic fingers!! 0 Quote Link to comment Share on other sites More sharing options...
thelegendthatis Posted December 30, 2014 Share Posted December 30, 2014 I suppose the support of Ashley could be compared to support of a bank. The big difference, however, is that the bank lends money in the expectation that it will be paid back, whereas Ashley seems to be lending money fully aware that there is no way it can ever be paid back and he will get the security instead. Only counts if he offers his financial support formally and the board ensures due diligence on whether he can meet his commitment or not. The latter is easy. The first part I would guess is impossible because Ashley will want his pound of flesh in return. There will be nothing for nothing. And of course with the SFA hovering he will have additional limitations on the options. Regardless of the outcome, it is clearly essential that Rangers cut their costs significantly. The leaks on salaries from Ally to Team Kitmen is all about preparing for the day of the long knives. Durrant has been punted away from any influence or ability to tittle tattle. Mcdowall was told who his assistants are and has clearly accepted he will do as he is told by Llambias. McCullough is now in the 'yes sir' camp and won't be a focal point for any revolt. So, ready to go with the cleansing. 0 Quote Link to comment Share on other sites More sharing options...
thelegendthatis Posted December 30, 2014 Share Posted December 30, 2014 Going with the Three Bears? http://www.bbc.com/sport/0/football/30634541 PR morale piece .. or serious intent? Thanks for that one DhenBhoy. It really reads as a PR statement straight from the Rangers boardroom, published without questions by McLoughlin. The Three Stooges sent a formal letter of offer to the board with proof of funds. Suspect that would be enough in allow them to continue to trade while insolvent. 0 Quote Link to comment Share on other sites More sharing options...
thenolly Posted December 30, 2014 Share Posted December 30, 2014 £1m for MacLeod plus it looks like the £6,5m from Park and co is going through http://www.bbc.co.uk/sport/0/football/30634541- so they're pretty close the £8m they apparently need to stagger through to the end of the season... That £8 million needed was based on them winning promotion in May....... not a given, also doesn't add in Sally's pay off, Ashleys loan and any other "surprise" payments needed 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted December 30, 2014 Share Posted December 30, 2014 37 E Club Financial Arrangements Insolvency E1 Subject to Rule E5 , where a Club suffers or is subject to an Insolvency Event that Club shall be deducted 15 points in the League . E2 Where an Insolvency Event occurs during a Season, the 15 points deduction shall be applied immediately to take effect in the current Season. E3 Where an Insolvency Event occurs during the Close Season the 15 points deduction shall apply in respect of the immediately following Season, such that the relevant Club starts that immediately following Season in the relevant Division on minus 15 points. E4 Where an Insolvency Event or in the event that such Insolvency Event is part of anInsolvency Process that process, continues and/or is subsisting during a second orlater Season then, for each such second or later Season, during the whole or part of which such Insolvency Event or Insolvency Process is continuing and/or subsisting, the Club concerned shall be deducted 15 points and shall start each such second or later Season in the relevant Division on minus 15 points. E5 Where a Club, whether owned and operated by the same or a different Member, suffers or is subject to an Insolvency Event which results in a deduction of points interms of these Rules and within 5 years of the date of such Insolvency Event suffers or is subject to a further Insolvency Event which is not part of the same Insolvency Process as the Insolvency Event then suffered, the points deduction applicable in terms of Rules E1 in respect of that second or further Insolvency Event, shall be 25 points with the 15 points in Rules E2 and E3 being 25 Points Glad we got here. It confirms what I thought was the case. If Rangers enter admin again, it'll cost them 25 points. The wording means that any old club/new club debate is also an irrelevance. I'm pretty sure that admin, followed soon by liquidation ( as happened last time) would be treated as the one event and carry only one penalty in this respect. The idea of admitting a new club would operate as before though with clubs voting, would it not? Albeit, all 41at once this time, under the same umbrella. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted December 30, 2014 Share Posted December 30, 2014 It's amazing how many bears are berating Ashley for not pumping in another million so thatcher can hold onto McLeod. In their position it's really fair if any club to offer a million quid for any Rangers player. They should just be thankful to get a wage of the monthly bills Which bears are wanting Ashley to pump in money? 0 Quote Link to comment Share on other sites More sharing options...
thenolly Posted December 30, 2014 Share Posted December 30, 2014 Glad we got here. It confirms what I thought was the case. If Rangers enter admin again, it'll cost them 25 points. The wording means that any old club/new club debate is also an irrelevance. I'm pretty sure that admin, followed soon by liquidation ( as happened last time) would be treated as the one event and carry only one penalty in this respect. The idea of admitting a new club would operate as before though with clubs voting, would it not? Albeit, all 41at once this time, under the same umbrella. That would put Rangers on 10 points, 40 behind hearts with 18 games (54 point to play) and 16 behind the new 4th place Falkirk, add to that the squad getting sold off and they will be fighting relegation rather than promotion 0 Quote Link to comment Share on other sites More sharing options...
p&b is a disgrace Posted December 30, 2014 Share Posted December 30, 2014 Bears on the RM Lewis Macleod thread 0 Quote Link to comment Share on other sites More sharing options...
the 67 Posted December 30, 2014 Share Posted December 30, 2014 Which bears are wanting Ashley to pump in money? Maybe you should have clicked on the link posted earlier and seen for yourself....instead of acting like a dick. Or do you need spoon fed and people to talk you through everything. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted December 30, 2014 Share Posted December 30, 2014 Glad we got here. It confirms what I thought was the case. If Rangers enter admin again, it'll cost them 25 points. The wording means that any old club/new club debate is also an irrelevance. I'm pretty sure that admin, followed soon by liquidation ( as happened last time) would be treated as the one event and carry only one penalty in this respect. The idea of admitting a new club would operate as before though with clubs voting, would it not? Albeit, all 41at once this time, under the same umbrella. Are you talking about rule e5? It cab be taken a couple ways in regards to whether a club is the same club or not IMO depending on how you read it. -1 Quote Link to comment Share on other sites More sharing options...
bennett Posted December 30, 2014 Share Posted December 30, 2014 Maybe you should have clicked on the link posted earlier and seen for yourself....instead of acting like a dick. Or do you need spoon fed and people to talk you through everything. Calm down dear, remember your blood pressure. -3 Quote Link to comment Share on other sites More sharing options...
Sting777 Posted December 30, 2014 Share Posted December 30, 2014 Maybe you should have clicked on the link posted earlier and seen for yourself....instead of acting like a dick. Or do you need spoon fed and people to talk you through everything. The only links he does are the ones you do in the frying pan. Appears to be totally incapable of hitting a link...lol 0 Quote Link to comment Share on other sites More sharing options...
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