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25-point deduction


rangersxfc

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The Rules of The Scottish Premier League.

Effective 18 April 201

A6.8 Where a Club takes, suffers or is subject to an Insolvency Event that Club shall be deducted 10 points. Where the Insolvency Event occurs during the Season, the points deduction shall apply immediately. Where the Insolvency Event occurs during the Close Season the points deduction shall apply in respect of the immediately following Season, such that the Club starts that immediately following Season on minus 10points.

You wouldn't make it in the scottish media mate, you come up with to much facts. The Job requirement are as fallows, U must over-look SPL rules when it comes to talking about Rangers and administration. you must also be a tax lawyer by night.

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Get it up ye and yer failing paper ya ugly bastard.

This is the crux of the reason for this story. Right now their readership is dying. They know the nature of the Old Firm is such that if you piss one half off enough, the other half will buy your product in droves. So by causing a storm among the Rangers support, they'll attract additional readership from the Celt*c support. Publishing sensationalist articles with the sole intention of polarising the public and drawing additional readers from a particular group is an old media tactic.

You wouldn't make it in the scottish media mate, you come up with to much facts. The Job requirement are as fallows, U must over-look SPL rules when it comes to talking about Rangers and administration. you must also be a tax lawyer by night.

I know it's a typo, but the word 'fallow' describes that article quite well. It's an awful article that's poorly researched and terribly written.

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There must be some bad news from the Tattidome that needs deflecting... Someone check in the inside pages

Today is the day Phil 3 names and co predicted we would enter administration, no administration but this appears! It gives the scum hope!

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The Rules of The Scottish Premier League.

Effective 18 April 201

A6.8 Where a Club takes, suffers or is subject to an Insolvency Event that Club shall be deducted 10 points. Where the Insolvency Event occurs during the Season, the points deduction shall apply immediately. Where the Insolvency Event occurs during the Close Season the points deduction shall apply in respect of the immediately following Season, such that the Club starts that immediately following Season on minus 10points.

Are you sure the rules haven't changed in the last 1810 years? :unsure:

As someone said above, today was "Rangers go under day" according to manslaughter phil, they need something to console themselves as the day passes without insolvency :)

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lets hope shugs talking shite but t peopleake into account that celtic have two of their own on sfa boards peter lawell,and now the complience officer thats two votes we will not get

Liewell would never allow personal interest to cloud what is right from wrong!! He is an upstanding man. INTEGRITY is his middle name doh.gif" />

What next. will you be suggesting that there was no trip to Japan arranged at the end of season 07/08 sad.gif

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RANGERS could be hammered with a total deduction of 25 points if they are forced into administration.

And should the Ibrox side have to start again under a new name it is possible all of those points would come off before the end of this season.

That would leave Craig Whyte's club with a points disadvantage which would make the winning of a fourth, successive SPL title a virtual impossibility.

However, Record Sport understands Rangers would fight tooth and nail against any move to impose more than the statutory 10-point penalty.

An extra penalty will become a real danger if Whyte is forced to take the club into administration and the taxman is able to block a creditors agreement to take them out of it again.

Rangers are one of 12 clubs with one share in the equally-owned business that is the SPL. If they are taken into administration that share is immediately suspended and Rangers will automatically be deducted 10 league points.

A Creditors Voluntary Agreement (CVA) will then be offered to anyone owed money by Rangers.

If 75 per cent of the shareholders and the same percentage of creditors accept a fraction of what they're owed the club can come out of administration and carry on with no further penalty.

But if HMRC managed to put a block on the deal, as happened with Leeds in 2007, the Ibrox club, formed in 1872, would cease to be and assets would be transferred to a new company.

Financial analysts last night said the taxman is allowed to object to CVAs if owed more than 25 per cent of a business' total debt.

If Rangers lose the tax case into the Employee Benefits scheme they could be facing a tax bill of £40m plus.

Clubs who can't exit administration by a CVA must hand over their assets to a new entity and after shares are transferred to a new company agreement has to be reached with the SPL over a return to the top flight.

Under the terms of the transfer, a further penalty has to be imposed by the SPL and they're empowered to deduct another 15 points.

But it is understood if Rangers are taken into administration before the outcome of the tax case has been completed they could escape the extra penalty.

Such a move would leave the club with a CVA and no one to contest it since Whyte would be the main creditor and only 10 points would be deducted.

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