SPL Commision - £250K fine to oldco, no titles lost

[lutonblue 1,974]

To all the doubters re my credentials. Its no title stripping and a £250,000 fine to oldco. No-one else will be able to claim to know size of financial penalty till 12pm

all this shite for a 250k fine ? Think I will wait until 12

[Edmiston Drive 3,846]

Indeed they would have, o'regan really set dhungcaster up for this one, he said that the spl should deal with this.

[bluesbro1976 162]

Apparently on bbc twitter it confirms we are not getting stripped of titles!

[Chef 436]

Now give us our money and a jelavic ye cunts

[Turbo 5]

As reported on talksport:

- no title stripping

- no indication of the verdict yet

- potential for other sanctions if found guilty

[Wilbert 416]

Fucking dancer!!

[docspiderman 1,209]

So if they're going to fine oldco they don't get any cash?......good

I don't want the SPL getting anything

They get to keep some of the money they owe, which they have already spent, so even less for the creditors.

[Blue Forever 179]

Tom English‏@TomEnglishSport

This looks like a very good day for Rangers

[BlueMe 25,327]

Apparently on bbc twitter it confirms we are not getting stripped of titles!

world war 2 has apparently ended aswell!

[gogzy 31,195]

Set up a small display in the back garden to celebrate.

[Blue Forever 179]

Peter A Smith‏@PeterAdamSmith

Rangers oldco fined around £250,000. SPL titles will not be stripped. http://sport.stv.tv/football/clubs/rangers/215764-rangers-oldco-fined-250000-by-spl-commission-but-club-retains-titles/ …

[Escobar 13,676]

Trying not to get too excited at the moment.

[RFC55 108,476]

Most people only care about the titles and tbh I'm kinda the same. We would have been known as "cheats" for evermore had we been stripped of titles

[The Dude 20,026]

http://sport.stv.tv/football/clubs/rangers/215764-rangers-oldco-fined-250000-by-spl-commission-but-club-retains-titles/

Rangers have been fined around £250,000 by the Scottish Premier League after being found guilty of failing to correctly register players.

An independent commission, chaired by Lord Nimmo Smith, has ruled the club breached SPL rules by failing to disclose to the league all payments made to players for playing activities, ruling them ineligible.

The fine is payable by the oldco, and not Charles Green's new company, which purchased the club's assets in July 2012.

The club faced being stripped of up to five league titles by the commission but will remain as SPL title winners in 2002/03, 2004/05, 2008/09, 2009/10 and 2010/11.

The commission had the power to impose any of 18 available sanctions, including the annulment of results involving ineligible players and/or withdrawing titles.

SPL sanction G6.1.3 states: “Upon determining that a breach of or failure to fulfil the Rules has been established, the Board or, as the case may be, a Commission may…impose a fine.”

The guilty verdict is in relation to the club’s use of Employee Benefit Trusts to reward players. Payments made through the scheme were not declared in their contracts, with Rangers arguing they did not require to be as per SPL rules.

The commission has ruled it was necessary for Rangers to declare the payments and, as such, has declared players improperly registered were ineligible to participate in league matches.

Rangers have the right to appeal the Commission’s decision through the Scottish Football Association.

If the club register an appeal at Hampden, the governing body would convene an Appellate Tribunal under the terms of their Judicial Panel Protocol.

The Appellate Tribunal would consider all evidence submitted but could also ask the interested parties to appear in person to answer questions. No timescale for a decision is specified in the Scottish FA rules.

[Marco Negri's Beard 1,423]

He is in the know!

[Mark Walters 206]

They can ram the £250k up their arse.

Take them to court and bankrupt them.

[StrongbowLoyal. 36]

Most people only care about the titles and tbh I'm kinda the same. We would have been known as "cheats" for evermore had we been stripped of titles

This

54 Titles and still going strong......

Fuck those corrupt cunts in the SFA and SPL

[Chef 436]

If correct we are getting fined for something the scum got off Scot free?

[The Godfather 71,487]

Don't pay the fine, fight it.

[Blue corn flakes 1,282]

250 k fine to old co!? how much is that they owe us now?

[Blue Forever 179]

Fuck me. In the Know was right.

[God Bless The Papac 32]

even if its a 250k fine give us the rest of our prize money ya cunts

[gogzy 31,195]

Reports of Celtic fans heading towards the nearest cliff.

[In the know 26]

54!!!!!!

[BlueMe 25,327]

so some of the players were ineligible?