NOT A NEW CLUB? EXPLAIN THIS LOT THEN...
by @retroscot
> “140 years of history is formally ended” (The Herald)
> As a result of appalling mismanagement, Rangers fans “no longer boast an unbroken line to the past...The emotional ties will remain forever but historical strings are severed. ” (Daily Record)
> ”The Rangers Football Club PLC is a public limited company registered in Scotland (company number: SC004276) and was incorporated on 27 May, 1899. When the current company is officially liquidated, all of its corporate business history will come to an end. When this happened to Airdrieonians in 2002, all of the trophies, titles and records associated with the club were discontinued and a new club, Airdrie United FC, took over. Airdrieonians' official history ended in 2002, then Airdrie United's took over.” (BBC)
> Charles Green’s Consortium did not take over Rangers FC PLC. Nor did it buy shares in it. It bought the trophies and other assets of Rangers FC PLC and formed a brand new club which is now called The Rangers FC.
> The Rangers FC are not entitled to any prize money from previous Rangers FC PLC campaigns. They have never been relegated. They had to pay a fee to join the SFL. They do not have a 10pt penalty applied to them, as the Club is not in administration.
> The Rangers FC are not banned from Europe. UEFA deem all new clubs must play three years of football before they are eligible for Europe. The Rangers FC are not eligible to play in Europe for at least three years, even if they win the SPL.
> Throughout Rangers FC PLC’s administration process, a CVA was the favoured option “to safeguard 140 years of history and avoid liquidation.” The CVA failed.
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Either The Rangers are a new club, or corrections are needed from this lot ...
19/02/12 - THE OBSERVER - “The current worst-case scenario has Rangers being liquidated and a new club rising from the ashes but being made to start anew from the fourth tier of Scottish football.”
21/02/12 - EVENING TIMES - “Rangers will exit either through an agreement with their creditors – a Company Voluntary Arrangement – or by liquidation. The latter represents a break with 140 years of history”
02/03/12 - THE SUN - “It’s more than two weeks since owner Craig Whyte plunged Rangers into administration — putting 140 years of history and tradition at risk”
04/03/12 - DAILY RECORD - “Last night Group 9 Sports released a statement on their website indicating that, if successful, they’d aim to emerge from administration by setting up Rangers as a new company. Kennedy will not stand back and allow the club’s 140 years of history to be wiped out. And he insisted any such move could put Rangers out of existence completely.”
05/03/12 - STV - “Administrators Duff and Phelps raised the possibility over the weekend of the current club being liquidated, meaning a new club could be formed to inherit Rangers’ assets”
03/04/12 - SKY SPORTS - “"Liquidation is no good for Rangers. It will end 140 years of history.” (Craig Whyte)
03/04/12 - SKY SPORTS - “The Blue Knights hope to avoid liquidation, which would leave any new club arising from the current club's carcass facing a three-year ban from European football and open to further domestic sanctions even if they retain Scottish Premier League status”
13/04/12 DAILY RECORD - “Some Rangers fans believe the club's history, which would end with liquidation, must be protected but there is a shameful part of that history which they should want to forget and any newco should make it clear a new beginning means exactly that. A new club open to all from the very beginning.” (Jim Traynor)
30/04/12 DAILY RECORD - “A new club would be banned from Europe for three years and the Scottish Premier League clubs are meeting today to discuss points and financial penalties for such a club”.
02/05/12 - DAILY EXPRESS - “BRIAN KENNEDY and his Blue Knights have gone on the offensive and claimed their crusade to save Rangers is the only one on the table that will guarantee to safeguard 140 years of history AND AVOID LIQUIDATION.”
03/05/12 - STV - “On an ongoing basis the [old] company that continues to be in administration will be cleansed of all its former problems and will at a later date be reunited, after a CVA, with the new club Mr Miller is going to create.” (Paul Clark, Joint Administrator)
29/05/12 - THE SUN - ““Without Rangers the league would be knackered. I know a lot of supporters are saying they should be liquidated and come back as a new club in division three.” (Stuart McCall)
31/05/12 - THE SUN - “Charles Green attended the SPL meeting and has a £5.5m deal in place to form a new club should the CVA fail.”
12/06/12 - THE GUARDIAN - “The liquidator overseeing the current club's extinction”...“Whether Rangers, as a new club formed by Green, are accepted into the SPL, and on what terms, is to be determined by the clubs.”
12/06/12 - DAILY TELEGRAPH - “Rangers in crisis: the final whistle sounds on Rangers’ 140 years of history”
13/06/12 - DAILY RECORD - “THE formation of Rangers in March 1872 was a walk in the park – its death in June 2012 a shambolic slide into the abyss...However, as a result of appalling mismanagement they no longer boast an unbroken line to the past. The emotional ties will remain for ever but historical strings are severed. In time, they may weave a new history that might start with the Third Division title in 2013.”
13/06/12 - THE SUN - “The really sickening thing about all of this is it was avoidable. All it would have taken for that was for someone to be honest. Pay your dues, give the tax man what he is owed. Instead Rangers have died.” (Richard Gough)
13/06/12 - DAILY RECORD (Jim Traynor) - “They’ll slip into liquidation within the next couple of weeks with a new company emerging but 140 years of history, triumph and tears, will have ended. No matter how Charles Green attempts to dress it up, a newco equals a new club. When the CVA was thrown out Rangers as we know them died. They were closed and a newco must start from scratch.”
13/06/12 - DAILY RECORD - “the reality is that in technical terms, the doors are closed on the history of Rangers...There will be plenty of pedants who feel the old Rangers are now gone, and technically they are right.” (Kevin Drinkell)
13/06/12 - DAILY RECORD - “Green is poised to push ahead with a £5.5million deal to buy the club's assets and form a new club, which would need to apply for membership of the Scottish Premier League and be excluded from Europe for three years.”
13/06/12 - THE SUN - “I wanted to be able to confirm that, yes, their derbies really WERE the greatest game on earth, rather than tell the truth that they were bile-flecked re-enactments of centuries-old religious wars. It’s a cause of genuine sadness that this has never come to pass, so maybe that’s one of the things new owner Charles Green could look at as he rebuilds a new club from the rubble of liquidation”
14/06/12 - BBC NEWS - “Charles Green has completed his purchase of Rangers' ASSETS in a deal worth £5.5m.”
15/06/12 - THE HERALD - “Air of unreality as 140 years of history is formally ended in less than nine minutes...The Rangers creditors drifted in through Exit 50 at Ibrox Stadium just before 10am and by 10.09am they were on their way out. In those few minutes 140 years of history had been rubbed out”.
15/06/12 - DAILY RECORD - “PFA Scotland insist Rangers players are not obliged to join Charles Green’s new club under the Transfer of Undertakings (Protection of Employment) regulations (TUPE), which ensure all employees are given the chance to join the new company under the same terms.”
17/06/12 - THE SUN - “Union reps at PFA Scotland believe the new club has no hold over anyone who doesn’t want their contract to transfer across from the now defunct Rangers.”
19/06/12 - BBC NEWS - “"Sevco 5088 would not be able to apply to change its name to 'The Rangers Football Club Ltd' until either the original company is fully dissolved, a process which can take about a year to complete, or the receivers give the go-ahead for the name change to take place.”
19/06/12 - BBC NEWS - “We wish the new Rangers Football Club every good fortune” (Walter Smith)
23/06/12 - DAILY RECORD - “And I believe concern over the new club's finances has prompted Brian Kennedy to make a £5.6million bid for a controlling interest.”
24/06/12 - DAILY RECORD - “The uncertainty surrounding the new club, especially in terms of what league they’re going to play in, has been a major factor in my decision (to leave) ...I have concerns about who is in charge of the new club...Will I ever come back and support the new club? I haven’t thought about it.” (Steven Naismith)
26/06/12 - SKY SPORTS - “With the new club unlikely to gain enough votes to allow them entry into the SPL by fellow clubs at the League's AGM on July 4 uncertainty over their future is growing amongst players.”
01/07/12 - THE OBSERVER - “Of course a new club will rise from the ashes of Rangers FC.”
04/07/12 - BBC - “Rangers will not play in the Scottish Premier League this season. SPL chairmen met at Hampden to vote on the new club's application to replace the old Rangers in the top flight.”
04/07/12 - THE SUN - “It was also revealed the new club had been preparing to apply to the SFL for a couple of weeks and stated the newco Rangers would play in the appropriate division.”
04/07/12 - DAILY RECORD - “We do not consider that the newco’s allegation of breach of contract will stand up to scrutiny and in the event of the players’ registrations not being issued to a new club, we’ll look to FIFA and/or the Court of Session for a speedy remedy.” (PFA Scotland lawyer)
http://www.dailyrecord.co.uk/sport/football/rangers-in-crisis-charles-green-threatens-1165975
05/07/12 - DAILY RECORD - “Green bought Rangers and their assets yesterday for £5.5million, just hours after Smith revealed he was spearheading a group to buy the new club.”
13/07/12 - BBC - “Rangers chief executive Charles Green says he will not challenge the vote by the Scottish Football League to place his new club in Division Three.”
14/07/12 - BBC - “Another unknown is how the footballing authorities - SFA and Uefa - would react to any new club while the old club still had outstanding debts to footballing creditors (other teams) totalling more than £3m. Mr Green's ambitions for a new club may also be thwarted if liquidators from BDO decide to challenge the asset sale.”
15/07/12 - DAILY RECORD - “Green bought Rangers and their assets yesterday for £5.5million, just hours after Smith revealed he was spearheading a group to buy the new club.“
17/07/12 - EVENING TIMES - “I would like the clubs and UEFA to recognise these are not my debts”
18/07/12 - THE SUN - “Sevco are still waiting to hear if the new club have been granted SFA membership ahead of their entry into the Third Division.”
19/07/12 - THE SUN - “And IF they are allowed to enter the top division an independent commission will decide if it’s the old club or the new club that has a case to answer over EBTs.”
19/07/12 - MARKETING WEEK - “Coca-Cola, which signed a two-year deal with its sport drink Powerade to be the 54 times SPL champions official soft drink in December, says it will continue its relationship with “Rangers FC” but declined to comment on its future with the new club.”
22/07/12 - DAILY TELEGRAPH - “No other completely new club would have been allowed to enter the bottom tier. It is also true that no other new club would have been even considered for membership of the SPL.”
22/07/12 - THE SUN - “Hearts chief Vladimir Romanov led the attack by insisting Jambos WON’T vote for them. Dundee United followed suit last night while Motherwell revealed that they will let their FANS decide the fate of the new club — a move that will almost certainly mean a third ‘NO’ vote.”
24/07/12 - DAILY RECORD - “further complicated by the fact the SFA have now given Green a strict deadline that must be met if he wants his new club licenced to play football in any league.”
29/07/12 - BBC - “Scottish Premier League clubs voted against accepting the new club into the top flight and the Scottish Football League clubs voted them into Division Three instead of the First Division...Asked to expand on what he meant by bigotry, Green turned to pressure placed on SPL clubs by their own fans not to allow the new club into the top flight.”
29/07/12 - THE SUN - “With Rangers, a new club starting a fresh chapter, Nelson is aware the hand of history will be upon every player’s shoulder when kick-off comes.”
29/07/12 - THE SUN - ““Rangers newco should apply to the SFA for admission and apply direct to the SFL in the same way that any other new club would do.” (Stewart Milne)
30/07/12 - DAILY RECORD - “Ibrox fans have sung heartily for years about following their team to places such as Dundee and Hamilton. Unsurprisingly, there was never a verse inserted for Brechin. Yet in this small Angus town at the local-parklike venue they were summoned here to see their new club start a new life.”
31/07/12 - BBC - “Stewart Regan has no plans to resign as Scottish FA chief executive despite criticism of his handling of the crisis resulting from Rangers' demise. Some club chairmen called for his resignation after voting against the new club playing in Division One.”
31/07/12 - BBC - “And SPL chief executive Neil Doncaster and Scottish FA counterpart Stewart Regan had both warned of dire financial consequences should the new club not start life in Division One.”
03/08/12 ESPN - “A new club, The Rangers Football Club, rose from the depths of despair and competed in its first game July 29 against second-division outfit Brechin City in the Ramsdens Scottish Cup. “
03/08/12 - ESPN - “Charles Green, the chief executive of the new club, admitted as much when comparing his club to some of those he claimed had kept Rangers out of the SPL due to bigotry. He said: "We've not got the debt that any of these clubs have.”
03/08/12 - SKY SPORTS - “Charles Green's company, who changed their name from Sevco Scotland to The Rangers Football Club this week, were granted a conditional licence last Friday after applying to transfer the membership of the soon-to-be-liquidated Rangers.”
03/08/12 - BBC - “Doncaster had come in for criticism following his dire predictions for the financial future of the SPL if the relaunched Rangers were not admitted to the top flight. He repeated the same concerns when the new club sought a place in Division One.”
13/08/12 - CNN - “New club forced to start in Scottish Football League 3”
15/08/12 - STV - “The Ibrox side waived any claim to £2.55m in prize money from the league for the 2011/12 season”
17/08/12 - BBC - “SPL clubs voted against accepting the new club into the top flight and the Scottish Football League clubs voted them into Division Three instead of the First Division.”
21/08/12 - BBC - “It was the first game in the lower league for the new Rangers club”
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@retroscot
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