The Case for a New SFA.

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Just a quick word of thanks to BP for putting …

Comment on The Case for a New SFA. by redlichtie.

Just a quick word of thanks to BP for putting together last night’s meet-up. I was at a meeting earlier in the day where the guy in charge noted how we had successfully flexed the agenda to meet the demands of debate and audience input i.e. that we had grossly overrun.
The format last night certainly moved from formal to organic with ease….. I was getting concerned though after around 75 mins that BP was still on his intro…… 02
More seriously, it was a great opportunity to meet fellow posters and discuss a variety of subjects in an extremely constructive environment.
Look forward to the next one….
Scottish Football needs more nice guys like Jim Craig (Cairney) who also really know their stuff.

redlichtie Also Commented

The Case for a New SFA.
It has been interesting reading the johnjames site and seeing some reality from the blue side peak through. I’m aware though that JJ is something of a lone voice and is also at times confused over some of the financial and legal aspects.

Today’s posting has some good and sensible stuff but is let down by things like :

“The solution here is simple. A new owner with a minimum of £15m to his name steps forward and pays off Ashley his £5m.”

Mmmm….RRM with those sort of funds have not exactly been queueing up to help over the past few years.

“We sell the land and move to a new stadium.”

What is the land actually worth especially with a stadium that will require careful and costly demolition? And who actually owns Ibrox? Who would buy land that is toxic in so many ways?

“We open our own outlet to sell our merchandising at the stadium and online, creating new brands if necessary.”

Mmmm…..I am sure MA and his colleagues at SD might have something to say about a competing merchandising operation.

“The concert party shares of Taylor, Park,Letham and King are bought for as little as possible to rid ourselves of another criminal. With their 34% and a deal done with Easdale for his shares, 60% equity could be acquired for less than £10m (20p per 1p ordinary share).”

And how is this great strategic plan to be brought off? Wishful thinking, I fear.

“Relocate to a new site in 2/3 years and if we can sell Auchenhowie to a developer, we could invest this money on the park. We cut a deal with Glasgow City Council. We move from Ibrox, freeing up this land for their plans, on the basis of allowing development at Auchenhowie. Should the assets revert to BDO, let them sort out the mess.”

Thought that they had sold the Ibrox land as an earlier part of the plan? Did they just mean the car park? But that is needed for use of part of Ibrox on match days. Is there not a planning/licencing issue over this?

JJ needs the input of some more thinking bears or perhaps he should participate in this site as it appears he has much more in common with views and ideas expressed here than he perhaps appreciates.

Scottish Football needs a strong Arbroath.

The Case for a New SFA.
John Clark 17th October 2015 at 1:31 pm # Not entirely off topic, I hope, but I listened earlier this morning to news that Bob Woodward, he of undying ‘Watergate’ fame, published a new book last week entitled, I think, ‘The Last of the President’s Men’.It is expected to be a best-seller by the end of this week, in the US at least.Apparently, he tracked down a chap ( who’s name I don’t remember from the reporting of the time), Alex Butterfield,….”
JC, Butterfield was the guy who let the cat out of the bag with regard to there being a taping system in place in the White House.
Scottish Football needs a good tape archive.

The Case for a New SFA.
Re D&O it did occur to me that maybe RIFC has struggled to secure cover at an acceptable premium.
SFM readers may find this hard to believe in view of the constant stream of upstanding characters who have passed through the Ibrox Boardroom over the past few years. Surely any potential insurer would have drawn great comfort from that….
I also wondered whether an auditor would note to the Board that there had been an obvious oversight if such cover had not been effected, this being something that could have a serious impact upon the business in the highly unlikely event that there should be any wee problem. I mean, who would think that possible down Govan way?
Scottish Football needs a strong Arbroath.

Recent Comments by redlichtie

Time for Scots Government to Take Bull by the Horns
“Dame Jessica Ennis-Hill to get 2011 world gold in London after Chernova decision
Dame Jessica Ennis-Hill will receive her record-equalling third world heptathlon gold medal in a ceremony at the World Championships in London – six years after the event in Daegu.
The 2011 result was confirmed on Tuesday after the Court of Arbitration for Sport (Cas) dismissed Tatyana Chernova’s blood doping ban appeal.
Chernova beat the Briton to gold in Daegu but her results are now annulled.
The Russian also won bronze medals at the 2008 and 2012 Olympics.
The 29-year-old has been told she must give up all three medals after twice testing positive when her anti-doping samples were later re-analysed. Her biological passport has also revealed years of blood doping.
World governing body the IAAF first stripped Chernova of her Daegu gold in November 2016 but the medal could not be reallocated until the appeal to Cas had been heard.
Several ceremonies to reallocate medals are expected to be held at the London World Championships, which runs from August 4-13.
Ennis-Hill, 31, announced her retirement from athletics in October but will now be able to celebrate her third world heptathlon title in front of a home crowd.”
                                 *                         *                       *
Other sports do the right thing – why not Scottish Football?
Scottish Football needs a strong Arbroath.

Time for Scots Government to Take Bull by the Horns
I apologise if someone else has already stated this, having been out of the loop for some time, but am I correct in now understanding that what I had assumed were five stars on the TRFC’s logo are in fact five asterisks?

A continuing and highly visible reminder of their cheating?

Scottish Football needs a strong Arbroath.

Time for Scots Government to Take Bull by the Horns
“In a statement issued to the Press Association, Sir David said: “I am hugely disappointed that the Supreme Court has upheld the decision of the Court of Session, reversing the decisions of the specialist tax First Tier Tribunal and the Upper Tribunal in this matter.
“The decision runs counter to the legal advice which was consistently provided to Rangers Football Club, that on the basis of the law and legal precedent at the time, the contributions made to the trust were not earnings and should not be taxed as such.
 “It should be emphasised that there have been no allegations made by HMRC or any of the courts that the club was involved in tax evasion, which is a criminal offence.
“The decision will be greeted with dismay by the ordinary creditors of the club, many of which are small businesses, who will now receive a much lower distribution in the liquidation of the club, which occurred during the ownership of Craig Whyte, than may otherwise have been the case.
“I have not had the opportunity to discuss the decision in detail with Tax Counsel, but will do so, particularly in light of proposed legislation, which will alter the tax position applying to loans made by trusts to employees. Once the impact has been assessed, a further statement will be issued.”
Just to emphasise, apart from ‘it wisnae me’, SDM says that there was a “liquidation of the club”.
Scottish Football needs a strong Arbroath.

Look Back to Look Forward
I’ve seen this phrase used by RTC and The Clumpany……””Rangers died because they lied”.

I’ve often thought that we should find some short soundbite to use whenever discussion with third parties turned to the Oldco/Newco situation. Especially those hard of thinking types…

I know that it does not cover all that went on but if we could start getting this soundbite into such discussions, including with the media, maybe that would help get the truth over.

Scottish Football needs a strong Arbroath.

Look Back to Look Forward
Slim et al….

I wonder which company/club issued these side letters? To my mind they may still have legal standing in terms of the indemnity contained therein.

If the issuing party is still in existence the player(s) may well have a claim on whatever assets or funds that are still lying aound.

Is that one of the reasons BDO sought leave to appeal? I puzzled over their apparent intention to spend dwindling money from the creditors pot.

Will the proposed tightening of legislation now force them to actually make such an appeal? Were they aware of upcoming changes to legislation?

Does that make an appeal now less likely?

This is potentially complicated stuff indeed.

Imagine the outcry if, after the upcoming court cases, BDO somehow finds itself the owner of Ibrox and MP with the assets then frozen as dozens of ex-players jointly try to force a sale so that they can cash in the RFC (IL) indemnity!

Scottish Football needs a strong Leicester (as an example of what can be done against the game’s big shots).

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