Generic clubs in financial crisis Thread

[Deadlock]

Rangers took their national association to court? That's a(nother) European ban there, then.

[wolsey]

Rangers took their national association to court? That's a(nother) European ban there, then.

Or the SFA being banned from EUFA/FIFA?

[cmonurz]

More on the Soap Opera that is Scottish Football, starring Rangers....

Judge Lord Glennie rules that a transfer embargo imposed on Rangers by the Scottish Football Association was unlawful, following a hearing at the Court of Session in Edinburgh.

It is just a total and complete fiasco up there! What price Pompey joining the Scottish League in 2013/14?

Can anyone suggest how or why Rangers' appeal was successful?

Should all insolvent businesses go to court and get an order allowing them to buy more stuff they can't afford?

[Geekins]

Anyone mention that Pompey won't have a points deduction even if no CVA in place by the start of next season... Why are the FL trying their hardest to help them!

[Rev Algenon Stickleback H]

More on the Soap Opera that is Scottish Football, starring Rangers....

Judge Lord Glennie rules that a transfer embargo imposed on Rangers by the Scottish Football Association was unlawful, following a hearing at the Court of Session in Edinburgh.

It is just a total and complete fiasco up there! What price Pompey joining the Scottish League in 2013/14?

Can anyone suggest how or why Rangers' appeal was successful?

The punishment wasn't in the SPL's rules.

Coincidentally, in the SPL's rules, a reformed club can't just restart straight back in the SPL either, which could be interesting.

[watfordroyal]

More on the Soap Opera that is Scottish Football, starring Rangers....

Judge Lord Glennie rules that a transfer embargo imposed on Rangers by the Scottish Football Association was unlawful, following a hearing at the Court of Session in Edinburgh.

It is just a total and complete fiasco up there! What price Pompey joining the Scottish League in 2013/14?

Can anyone suggest how or why Rangers' appeal was successful?

The punishment wasn't in the SPL's rules.

Coincidentally, in the SPL's rules, a reformed club can't just restart straight back in the SPL either, which could be interesting.

It seems the SFA's only sanctions available are fine, suspension or expulsion.
A fine is meaningless seeing as they are only prepared to pay the taxman pence in the pound,
so it's got to be suspension as I'm sure they won't kick the huns out forever, so that's got to be a season at least.
Rangers gameplan must be to expect a pointless fine only. A big gamble & not likely to win friends in the rest of Scotland.

If the SFA fail to act sufficiently then it seems they themselves can be suspended from FIFA.

[Platypuss]

I thought I heard on R5 that they can exclude them from the Scottish FA Cup next season.

[watfordroyal]

I thought I heard on R5 that they can exclude them from the Scottish FA Cup next season.

Well that's just pathetic, it needs to be a suspension of all football activity for at least a season!
A reprieve for Dunfermline in the SPL.

[Terminal Boardom]

The reason that the FL are doing everything they can to support PFC is because losing a club in this particular manner would reflect badly on their brand. Plus, it could open the floodgates and see more clubs go to the wall thus rendering the lower reaches of the FL a complete farce. The sooner the FL restructure Leagues 1 and 2 and incorporate the Conference so that there are 3 leagues at that level the better - a North, Midlands and South division. Costs would reduce and crowds would increase owing to the reduction in travelling.

[Tony Le Mesmer]

The reason that the FL are doing everything they can to support PFC is because losing a club in this particular manner would reflect badly on their brand. Plus, it could open the floodgates and see more clubs go to the wall thus rendering the lower reaches of the FL a complete farce. The sooner the FL restructure Leagues 1 and 2 and incorporate the Conference so that there are 3 leagues at that level the better - a North, Midlands and South division. Costs would reduce and crowds would increase owing to the reduction in travelling.

They can incorporate the Conference rules on club finances whilst they are at it as well. Im also of the opinion that there should be no automatic promotion between professional and semi pro leagues. But thats for another thread.

[Rev Algenon Stickleback H]

The sooner the FL restructure Leagues 1 and 2 and incorporate the Conference so that there are 3 leagues at that level the better - a North, Midlands and South division. Costs would reduce and crowds would increase owing to the reduction in travelling.

Clubs have stated many times that they've no desire to go back to regional football at that level.

One of the big killers was the lack of interest in the leagues themselves as competitions due to the lack of promotion places.

If you have three divisions below the championship then you'd have three very dull divisions where only one team goes up. You'd also have around half the clubs in each division knowing they've got virtually no chance of ever getting promoted.

The reduction in travel costs probably wouldn't even cover the salary of one player at League 2 level.

[Deadlock]

On the Portsmouth thread a linked news report said the Football Creditor's Rule had been declared lawful by the High Court.

I was surprised I hadn't heard anything about it, but here's a report from the FT on May 25th.

Controversy over the football creditors rule, which allows clubs and their employees to be paid ahead of other creditors if a club becomes insolvent, looks set to rumble on despite a High Court judgment in favour of the Football League.

Revenue & Customs on Friday failed in its attempt to have the court declare the rule unlawful and void.

Critics say it is unacceptable to allow highly paid footballers to be first in the queue of creditors ahead of cash-strapped small businesses and charities such as St John Ambulance, as well as HMRC.

However, Mr Justice David Richards, giving his ruling, said the proceedings were “not concerned with whether giving propriety to football creditors is socially or morally justified” but was “one purely of law” and on whether the provisions conflict with two fundamental principles of insolvency law.

The judge said the Football League “should not regard the result of this case as an endorsement of its approach to football creditors” but it was “a decision on a challenge brought on a particular legal basis”.

HMRC, which has been given permission to appeal against the ruling, said it was disappointed with the judgment, and would consider an appeal.

The rule was unfair to other unsecured creditors who were “forced to make do with much smaller returns – if anything – on monies owed to them by football clubs which enter administration”, HMRC said.

During the hearing last year, the High Court was told the rule had been “invented” by the Football League and Premier League and was “not a rule created by parliament”.

The case is significant because there had been 36 Football League insolvencies between March 2002 and 2011, and insolvency was a “very real hazard”, the court heard.

The Football League said defeat in the High Court would have had devastating consequences for football, because clubs would have been unwilling to compete against rivals that had defaulted on debts.

“We remain committed to a constructive dialogue with the tax authorities, as we share the common aim of ensuring that clubs meet their liabilities as and when they fall due, including sums owed to HMRC,” the league said

[M-U-R-T-Y]

Rangers' CVA proposal has been rejected.

[Mr Angry]

http://www.bbc.co.uk/sport/0/football/18407309

One step closer to liquidation.

[Platypuss]

http://www.bbc.co.uk/sport/0/football/18407309

One step closer to liquidation.

Now we just need the rest of the SPL turkeys to vote for Christmas.

[Tony Le Mesmer]

Thats it then. RIP ROFLangers. They can start a Newco, but its a new football club entirely. All history gone. Bye then.

[floyd__streete]

Thats it then. RIP ROFLangers. They can start a Newco, but its a new football club entirely. All history gone. Bye then.

Meh. The clubs won't vote them out the SPL when Rangers provide them with half their income every season so they can start afresh as a new-co having thrown off their debts.

Hurrah! Another triumph for footbaLOLLOL.

[soggy biscuit]

Thats it then. RIP ROFLangers. They can start a Newco, but its a new football club entirely. All history gone. Bye then.

Meh. The clubs won't vote them out the SPL when Rangers provide them with half their income every season so they can start afresh as a new-co having thrown off their debts.

Hurrah! Another triumph for footbaLOLLOL.

Matey on the radio from the Daily Record said the other clubs will not vote them into the SPL so they have to start in Div 3 next season

[Uke]

Thats it then. RIP ROFLangers. They can start a Newco, but its a new football club entirely. All history gone. Bye then.

Meh. The clubs won't vote them out the SPL when Rangers provide them with half their income every season so they can start afresh as a new-co having thrown off their debts.

Hurrah! Another triumph for footbaLOLLOL.

Or rather its an opportunity for the SPL to start afresh with none of the baggage that comes with Rangers

[watfordroyal]

Only £5.5m for Ibrox & Murray Park? How much did it cost them to build? Sounds like some more dodgy dealing in Govan!