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

[gogzy 31,195]

any coughs to the official statement?

[daviecooper01 826]

BBC raising a fair point (yes unusual I know!)

How can Doncaster & Regan stay in place when they tried to bargain 5 titles during the summer????

[Mark-Penny 31]

Bruuuulliant news!!!!!!!!!

[Edmiston Drive 3,846]

I dont see why we are celebrating being fined 250k for nothing we should be fighting this not applauding them like they did us a favour.

One has to wonder what the legal fees are. 250k perhaps, may have been treble this as they will get hee haw from the old limited company

[Senna 735]

Can people stop tellin us whats goin on on kerrysalefuckinstreet, we dont give a fuck!

Some of us do enjoy the schadenfreude from over there. Sorry.

[gogzy 31,195]

No believing my thread got merged.

[Ozblue 4,331]

It's not what what the rodents think of us .Hell that ain't gonna change .Its what the outside world would have thought say in ten years time with this slur against us .Its been a great day to be a bear .Feels like a old firm win tbh 54 and counting ya shower

I don't give a fuck what they say, but I'm more than happy to pass on the message that the manky cunts are close to ripping their hair out at the news.

I am a sadistic auld bastard, so enjoy your self flagellation timothy

God save the Queens eleven

[The Godfather 72,083]

Everyone stop celebrating and being a wee bit joyous about this news.

It's upsetting some people for some reason...

[keithgersbear 3,225]

Haha. They won't like that!

[The Godfather 72,083]

No believing my thread got merged.

Pierre strikes again!

[Smile 26,610]

They are just using the fine to say look they cheated to appease the scum, we should fight this fine as well not accept it like its a good thing.

After all there was only one team who's books were poured over time and time again to condemn us.

The filth cheated with registrations and much more have i'm betting, all the contracts from every club should now be given the same attention as ours were.

[RossRFC1 40]

#54— Amy Macdonald (@Amy__Macdonald)

February 28, 2013

[Ozblue 4,331]

OZ is buying!

Too right I am.....See you all in the Commercial in 30 minutes

[gogzy 31,195]

Pierre strikes again!

Fucking Nazi mods man, I'm getting admin.

[TheBluebells 6,898]

Can someone catch me up?

[The Dude 20,026]

http://www.scotprem.com/content/mediaassets/doc/Commission%20Decision%2028%2002%202013.pdf

Fill your boots Chaps.

[stu54 128]

Thank fuck for that.Can go to bed now and sleep well.One happy Bear. night all.

[The Godfather 72,083]

Too right I am.....See you all in the Commercial in 30 minutes

No Soul Destroyer though, can't hack that!

[Right_To_Censor 1,951]

[Rangers Lady 2,380]

http://www.scotprem.com/content/mediaassets/doc/Commission%20Decision%2028%2002%202013.pdf

[Bothwellbear 1,392]

Thank fuck. Surely we can now start to move forward and start to get past all the bitterness and ugliness. Next step..... 55.

[daviecooper01 826]

THE SCOTTISH PREMIER LEAGUE LIMITED

DECISION

by

THE RT HON LORD NIMMO SMITH,

NICHOLAS STEWART QC

and

CHARLES FLINT QC

the Commission appointed by Resolution of the Board of Directors of The Scottish Premier

League Limited dated 1 August 2012 in relation to RFC 2012 Plc (now in liquidation) and

Rangers Football Club

__________________

Summary

[1] For the reasons which are set out in detail below the Commission has unanimously

decided:

(1) Between the years 2000 and 2011 The Rangers Football Club Plc (now known as RFC

2012 Plc (in liquidation) and referred to in the decision as “Oldco”), the owner and

operator of Rangers Football Club (“Rangers FC”), entered into side-letter arrangements

with a large number of its professional players under which Oldco undertook to make

very substantial payments to an offshore employee benefit remuneration trust, with the

intent that such payments should be used to fund payments to be made to such players

in the form of loans;

(2) Those side-letter arrangements were required to be disclosed under the Rules of the

Scottish Premier League (“SPL”) and the Scottish Football Association (“SFA”) as

forming part of the players’ financial entitlement and as agreements providing for

payments to be received by the players;

2

(3) Oldco through its senior management decided that such side-letter arrangements should

not be disclosed to the football authorities, and the Board of Directors sanctioned the

making of payments under the side-letter arrangements without taking any legal or

accountancy advice to justify the non-disclosure;

(4) The relevant SPL Rules were designed to promote sporting integrity, by mitigating the

risk of irregular payments to players;

(5) Although the payments in this case were not themselves irregular and were not in

breach of SPL or SFA Rules, the scale and extent of the proven contraventions of the

disclosure rules require a substantial penalty to be imposed;

(6) Rangers FC did not gain any unfair competitive advantage from the contraventions of

the SPL Rules in failing to make proper disclosure of the side-letter arrangements, nor

did the non-disclosure have the effect that any of the registered players were ineligible

to play, and for this and other reasons no sporting sanction or penalty should be

imposed upon Rangers FC;

(7) As noted in the Commission’s earlier decision made on 12 September 2012 there is no

allegation that the current owner and operator of the club, The Rangers Football Club

Limited (“Newco”), contravened the SPL Rules or could be held responsible for any

breach by Oldco;

(8) In all the circumstances the Commission has imposed a fine of £250,000 on Oldco.

[JCDBigBear 10,830]

One has to wonder what the legal fees are. 250k perhaps, may have been treble this as they will get hee haw from the old limited company

I'm pretty certain that the SPL held back payment from last season for RFC finishing second.

[Smile 26,610]

5) Although the payments in this case were not themselves irregular and were not in

breach of SPL or SFA Rules, the scale and extent of the proven contraventions of the

disclosure rules require a substantial penalty to be imposed;

(6) Rangers FC did not gain any unfair competitive advantage from the contraventions of

the SPL Rules in failing to make proper disclosure of the side-letter arrangements, nor

did the non-disclosure have the effect that any of the registered players were ineligible

to play, and for this and other reasons no sporting sanction or penalty should be

imposed upon Rangers FC;

That to me say's there should be no fine.

[Ivybank 4,596]

i wonder when the sfa will give us our 1.2 million back?