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Everything posted by The DA
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Agreed. Real Madrid, Barcelona, Man U, Arsenal, Chelsea - they all play fantasy football and I grew out of fantasy just after I finished reading Lord of the Rings 30 years ago. Give me the reality of Scottish football. The wee stories of Scottish football are every bit as exciting and real as the pumped up soap operas of the EPL or La Liga.
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I'm not doubting you but I don't see anything in that part of the document that says a UEFA license is required to play in the SPL. 3.3.2 says that a license is required to play in 'the UEFA Club Competitions' but there's no mention in the section you've linked to that says it's needed for SPL participation. I'd be delighted to be proved wrong - is there another section that covers this?
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This whole idea of syphoning off the assets and leaving the toxic debts behind just feels wrong. It's like me watching out for a local business, let's say the RBS, and then offering to buy them, debts and all, for a fiver. I then set up RBS 2012, move all the assets over and tell the original creditors to get tae. Why are none of Rangers creditors (HMRC, Ticketus, United) objecting to this asset stripping? It just doesn't sound legal.
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I've just been reading through the summary of that MLM Solutions live event. I know it's just one expert's opinion but it's still a bit of an eye-opener and well worth reading. One thing was mentioned in passing that made me sit up and take notice. Rangers, in playing on to the end of the season, will be awarded SPL prize money for their second place. Stop and read that again. They're being rewarded for cheating(*). Can't the SPL withhold that prize money and use it in part-payment of Rangers debts to United, Hearts, etc? (*) I know they haven't offiicially been found guilty of cheating (yet) but it does stick in my craw.
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Apologies if someone's already posted along these lines (and with a bit more info than I have) but I've been looking at the timing of a possible AVC. Right now, Rangers debts total around £60M the £55M that Haudit & Daudit published earlier plus the £4M for the Wee Tax Case. Since 75%of creditors need to agree to the terms of an AVC, I assume that HMRC plus Ticketus control that decision between them. No other sensible split of the creditors adds up to 75%. If H&D wait until the Big Tax Case decision comes in (pre-appeal), that takes the total debt up to around £135M and HMRC (£93M) just about hold the deciding votes all on their lonesome. In either case, will HMRC settle for 4p or 10p in the pound when they can wind the company up and get 50p or 60p in the pound? I can almost imagine Hector agreeing to an AVC now if he thought there was a chance of significantly more tax from Rangers in the future (jam tomorrow) but Rangers aren't going to be a financial powerhousefor years, possibly decades, to come - so that's not going to happen. They're fooked.